Chapter 2. Buying and Selling Bitcoins

 

"I really like Bitcoin. I own Bitcoins. It's a store of value, a distributed ledger. It's a great place to put assets, especially in places like Argentina with 40 percent inflation, where $1 today is worth 60 cents in a year, and a government's currency does not hold value. It's also a good investment vehicle if you have an appetite for risk. But it won't be a currency until volatility slows down."

 
 --David Marcus, CEO of Paypal

Building on the basics that were introduced in Chapter 1, Setting up a Wallet we're going to set up a trading account with an online Bitcoin exchange. In this chapter, we're going to cover the following topics:

  • Understanding Bitcoin's price volatility
  • Following exchange rates and news ...

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