Trading

Trading bitcoin and other crypto-currencies on exchanges like https://www.cryptsy.com/ has become extremely popular with speculative investors, since the potential for short term gains is extremely high. The basic principal is; buy low – sell high.

Most investors start with a currency that is cheap or easy to mine – usually a newly released coin, then simply wait for its value to go up. When the investor believes that market interest has peaked, they sell it for a profit, or trade it for another lower valued currency that they think has potential to increase in value. Then simply rinse and repeat.

It’s possible to make a fortune doing this. I’ve had 12-15% returns on investments in just a few minutes. However, trading’s not without its risks. You need a good understanding of the market, as well up-to-the-minute information to give you the edge. Even then there’s no such thing as a sure bet, but the rewards are definitely worth it, if you’ve got a good head for it.

If you would like to learn more about trading, and maybe try it for yourself, head over to http://bitbanx.com/.

You can check the current value of bitcoin at   https://coinplorer.com/ and https://www.cryptsy.com/.

Accepting Bitcoin As Payment

If you run your own online business, then a great way to acquire bitcoin is to accept it as a payment method.The best solution to accept bitcoins on your website is https://bitpay.com/. Bitpay makes it easy to accept bitcoin payments through your website, and that don’t charge you a fee on transactions.

Saving

Perhaps the simplest way to make money through bitcoin, is simply to own bitcoin and wait for it to increase in value. This is the option most people choose, because it’s the easiest and carries the least amount of risk. All you need to do is buy some bitcoin and hold onto them. In a few years, with any luck, they could be worth substantially more than what you paid for them.

Some forward thinking individuals bought thousands of bitcoins when they still had next to no value, these people are now millionaires. You might not become a millionaire by buying and saving bitcoin, but you could see a good return on your investment a year or two from now. I predict that in the coming year we can expect to see some exciting developments for bitcoin, and crypto-currency as a whole. Now is a great time to get involved while bitcoin’s price is still low.

Enjoyed this article? Why not check out Where Can I Buy Bitcoins?