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How To Make Money Trading In Bitcoin

Started by Sub5, Jun 01, 2019, 10:52 am

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Buying and selling bitcoins is probably the fastest and easiest way to try and make some money with bitcoin.

Just like the stock market, bitcoin trading involves buying at a low cost and selling when the price has gone up.

Bitcoin is a volatile currency which means the rate can rise or fall several times day.

People make money with bitcoins every day by trading the currency to people who are buying and selling, with modest markups or markdowns on the value everytime a transaction occurs.

No, I'm not joking.

There are actually huge groups of people who "invest" into Bitcoin by simply buying it. This is a risky method, of course, but probably the simplest one to perform.

There are a couple of types of such investors. Some people just buy a certain quantity of the coin and forget about it for a year... or ten. These people usually have no real intention to profit short-term - they often believe in the successful future of cryptocurrencies and hope that their investment now will one day bring them a tenfold profit.