November 2018
Beginner to intermediate
88 pages
1h 46m
English
Content preview from Understanding Cryptocurrencies
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Learn Bitcoin Trading and Investing
What Is Bitcoin Trading?
In general, trade includes buying, selling, or exchanging commodities. Bitcoin has been being used in the similar sense. Because of the very nature of bitcoin, one may see bitcoin as a currency as well as a commodity. Apart from using bitcoin as a media of exchange, one may make profits by buying or selling bitcoin when its price in the local currency decreases or increases, respectively. The year 2017 witnessed a huge spike in the price of bitcoin. Remember the volatility of bitcoin? The past trends have seen a variation of 30 percent in its prices in a single day. Also, it is generally possible to trade bitcoin 24/7.
Due to huge variation and jumps in price, there are two ...
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