Have you ever been in a situation where you regret not buying something earlier- when it was cheaper? Well, this is what is going on in the minds of people who were around when Bitcoin first surfaced, and had knowledge of how it works, but they were too skeptical to invest in it.
If a merchant has chosen to open a Bitcoin merchant account and spend only 5 dollars(!) on about 2,000 bitcoins at that time, that stock would be worth 4.4 million dollars presently. Many people have made a lot of money from Bitcoin, and it’s not too late to join the bandwagon, by connecting to one of the many Bitcoin merchant services out-there.
There’s now a digital rush for Bitcoin, as investors from all over the world are trying to cash in on the cryptocurrency, however notoriously volatile it may be.
It’s really not too difficult to become one of the people cashing out and making big bucks from Bitcoin.
Venturing into Bitcoin trading on your own is more straightforward, albeit unsafe, than you might have thought. Bitcoin trading can be very lucrative for experienced experts and novices alike. The market is neoteric, and exceedingly decentralized with huge spreads. Therefore, a large number of people can make money trading Bitcoins.
What You Should Know
Before getting started, you need to know that trading in Bitcoin is a venture that’s full of risks and could ultimately cost a lot of money, just like any other exchange or speculative market. So the most vital piece of advice is that you go on with caution. If you’ve gone over the possible risks and rewards and decided that you want to start trading, here’s all you need to know to get you ready. This article will guide you on how to invest in Bitcoin stock, and how to buy stock with Bitcoin.
How to Make Money by trading in Bitcoin
The first step you should take is to choose a platform for trading where you can carry out your Bitcoin trading services. Make sure you choose a trustworthy and reliable platform, to avoid falling into the hands of scammers. A reliable platform for trading Bitcoin is Markets.com. Visit Markets.com, make your way to the Bitcoin investing section, and click on the “Start trading Bitcoin” button.
The next step would be for you to make a deposit. Any amount you deposit will be used to invest in Bitcoin. Markets.com has a short questionnaire for you to fill, and filling it grants you 25 Euros- more money for you to invest.
After making your deposit, make use of the search bar at the top of the page to look for Bitcoin. When you locate Bitcoin, click on the “Buy” button. Invest in Bitcoin by choosing the amount of contracts you want.
You make profit from Bitcoin trading by selling your coins when there is a high demand for them. This way, the price of the Bitcoin is increased, and you get more for them than you paid for them, just like in any other stock. The difference between Bitcoin (and other, less known, cryptocurrencies) and other stocks, is that Bitcoin isn’t manipulated by governments, giving, us, the investing public, the power to control it.