29 Mar '17, 6pm

How to Make Profit: Basic Rules for Beginners in Bitcoin Trading

There has been a protracted debate on the actual identity of Bitcoin , whether it should be regarded as a currency or a commodity. With reasonable support on each side of the debate based on its inherent characteristics, a huge segment of the ecosystem is of the opinion that Bitcoin can, and should be regarded as both a currency and a commodity. Whatever definition attached to Bitcoin, the constant variation in price offers an opportunity for investors to make a profit by trading the cryptocurrency, either as a long term investment or in a speculative short term pattern. What is Bitcoin trading? Bashir Aminu, Bitcoin trader and convener of online crypto group Cryptogene, explains the basic Bitcoin trading process as follows: “If you buy Bitcoins at one price and then sell them for a higher price, you make a profit of the difference between those two prices, less any commis...

Full article: https://cointelegraph.com/news/how-to-make-profit-basic-r...

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