Cryptocurrency Q&A
What is 1 pip in btcusd?
What is 1 pip in btcusd?
Valentino
Sun Dec 01 2024
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6 answers
1035
I'm trying to understand trading and I came across the term 'pip'. I want to know what 1 pip represents in btcusd trading. Could someone explain this to me in simple terms?
6 answers
HallyuHype
Tue Dec 03 2024
When trading BTC/USD, the pricing structure is crucial to understand.
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HanjiArtistryCraftsmanshipMasterpiece
Tue Dec 03 2024
If the pair is quoted to the second decimal place, a minute movement in price has a specific value.
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Carlo
Tue Dec 03 2024
Specifically, a change of 0.01 USD represents the smallest increment or decrement in value.
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Martina
Tue Dec 03 2024
This increment is commonly referred to as the pip value per unit for the BTC/USD pair.
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EchoSeeker
Mon Dec 02 2024
Alternatively, if the pair is quoted to a higher precision, such as the 4th decimal place, the pip value changes.
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