By Crookesmoor (Own work) [CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons |
Bitcoins are traded at multiple different exchanges often at significantly different prices. At this time, 1 bitcoin is worth $1,043 at Bitstamp, $975 at BTC-E, and $1,108 at MtGox. That is a 14% spread. If you buy at one exchange and transfer to another exchange to sell at a higher price, money can be made. This is called arbitrage.
If you are an experienced trader you should have no problem making money on bitcoins. If you are a novice, be very cautious.
Strategies for making $ on Bitcoin trading/investing:
1. Buy and hold - they are likely to continue to appreciate over time due to a limited supply and increasing demand. They could also get hacked and become worthless. Bitcoin investing is risky!
2. Buy and sell - short term trades can allow talented traders to make money as the market moves
3. Arbitrage - buying low on one exchange and selling high on another
Recording success in Bitcoin is not just buying and holding till when bitcoin sky-rocks, this has been longed abolished by intelligent traders ,mostly now that bitcoin bull is still controlling the market after successfully defended the $62,000 support level once again ad this is likely to trigger a possible move towards $65,000 resistance area However , it's is best advice you find a working strategy by hub/daily signals that works well in other to accumulate and grow a very strong portfolio ahead. I have been trading with Mr Carlos daily signals and strategy, on his platform, and his guidance makes trading less stressful and more profit despite the recent fluctuations. I was able to easily increase my portfolio in just 3weeks of trading with his daily signals, growing my 0.2BTC to 2.2BTC. Mr Carlos daily signals are very accurate and yields a great positive return on investment. I really enjoy trading with him and I'm still trading with him, He is available to give assistance to anyone who love crypto trading and beginners in bitcoin investment , I would suggest you contact him on WhatsApp: +1(424)285-0682 and telegram : @IEBINARYFXfor inquires and profitable trading platform systems. Bitcoin is taking over the world.
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