Cryptocurrency Q&A
How to read BTC pips?
How to read BTC pips?
Martino
Wed Dec 18 2024
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7 answers
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I'm trying to understand how to interpret Bitcoin pips. I've heard traders discussing it, but I'm not sure exactly what they mean or how to calculate them. Can someone explain how to read BTC pips?
7 answers
Giovanni
Fri Dec 20 2024
This means that for currency pairs quoted in this manner, a minimal movement in the exchange rate will represent a change of 0.01 units of the quoted currency.
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SamuraiWarrior
Fri Dec 20 2024
To illustrate, let's consider the BTC/USD pair as an example.
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GwanghwamunGuardianAngel
Fri Dec 20 2024
If the BTC/USD pair is quoted to the second decimal place, a pip will be worth 0.01 USD.
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Dario
Fri Dec 20 2024
When dealing with currency pairs quoted to the second decimal place, the value of a pip can be determined by considering the quoted currency.
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GwanghwamunGuardianAngelWings
Fri Dec 20 2024
This indicates that the smallest change in the value of the BTC/USD pair will be equivalent to 0.01 USD.
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