Cryptocurrency Q&A
What is pip in bitcoin?
What is pip in bitcoin?
WhisperEcho
Fri Nov 01 2024
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6 answers
1937
I'm curious about the term 'pip' in the context of bitcoin. I've heard it being used in financial markets, but I'm not sure how it applies to Bitcoin specifically. Can someone explain what pip means in relation to bitcoin?
6 answers
CryptoEmpire
Sun Nov 03 2024
In the realm of cryptocurrency trading, understanding the concept of a pip is crucial.
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BlockchainBrawler
Sun Nov 03 2024
Pips serve as the fundamental unit for measuring changes in the price of a cryptocurrency.
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Sofia
Sun Nov 03 2024
They represent a minimal, one-digit shift in the price at a designated level.
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Eleonora
Sat Nov 02 2024
For instance, when dealing with highly valued cryptocurrencies, trading often occurs at the 'dollar' level.
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CryptoMaven
Sat Nov 02 2024
This implies that any movement in the price, even if it's minimal, is measured in pips.
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