Hello fellow Bitcoin enthusiasts. For this post I am going to explain basic methods of trading bitcoins and how this can maximize the amount of Bitcoin you have!!
Before we get into more detail it is important that I inform you of the risks; Bitcoin markets are highly volatile and create the opportunity to generate large profits, however losses are possible as well. I advise you to start with a low amount and build up as you gain experience.
There are two main methods long term and short term. The long term plays the waiting game and you hold the Bitcoins after buying then at a discounted price. The short term involves trading frequently throughout the day, taking advantage of the short term fluctuations in the Bitcoin markets.
To trade successfully you need to interpret the graphs for example on bitcoinity.org.
If I peaked your interest and you are interested in learning about interpreting these graphs and more!! please visit my blog:
http://easybitcoinarbitrage.blogspot.co.uk/
