12. Speculating in Bitcoin
How to Speculate in Bitcoin
For many people, Bitcoin isn’t a spendable currency as much as it’s an investment—a speculative investment. That is, these folks buy Bitcoin at one price in the hope that the price will go up over time. A lot. So that they end up getting a very large return on their investment.
How do you invest or speculate in Bitcoin? It’s as simple as buying some Bitcoin, holding onto it for a while, and then selling it off. The buying and selling typically take place at a Bitcoin exchange, and in the interim you hold the ...