Cryptocurrency Q&A
How do pips work on BTC?
How do pips work on BTC?
Eleonora
Tue Dec 24 2024
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7 answers
1403
I want to understand how pips function in relation to Bitcoin. Specifically, how are they calculated and what role do they play in BTC transactions or investments?
7 answers
Chloe_carter_model
Wed Dec 25 2024
a change of one pip represents a movement of 0.01 USD.
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Raffaele
Wed Dec 25 2024
When dealing with currency pairs quoted to the second decimal place,
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SakuraBloom
Wed Dec 25 2024
the value of one pip is equivalent to 0.01 of the quoted currency.
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Giuseppe
Wed Dec 25 2024
Therefore, understanding pip value is crucial in trading such pairs.
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CryptoPioneer
Wed Dec 25 2024
This means that for currency pairs like BTC/USD,
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