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Author Topic: How can I trade?  (Read 854 times)
Satterfield (OP)
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March 31, 2014, 01:28:15 AM
 #1

How I can trade with Bitcoin and how I can make good money in Bitcoin? Is Bitcoin is similar to Forex?
arepo
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this statement is false


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March 31, 2014, 01:38:25 AM
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no, it's quite different. Bitcoin itself is a commodity. i would recommend doing a hell of a lot more research than you've already done before you jump in.. there are plenty of resources to answer all of your questions and ones you didn't even know were important on these forums and the wider internet.

--arepo

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Bit_Happy
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March 31, 2014, 03:00:21 AM
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Bitcoin itself is a commodity
Bitcoin is money, please don't let the Gov create your reality.   Cheesy

keithers
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March 31, 2014, 03:18:54 AM
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You can trade a btc-e.com as long as you have an email address and a heartbeat Smiley
arepo
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March 31, 2014, 03:22:04 AM
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Bitcoin itself is a commodity
Bitcoin is money, please don't let the Gov create your reality.   Cheesy

apologies, perhaps i should have said that it "behaves like a commodity", in terms of market price behavior, which was the point i was trying to make.

this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
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Bit_Happy
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March 31, 2014, 04:31:33 AM
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Bitcoin itself is a commodity
Bitcoin is money, please don't let the Gov create your reality.   Cheesy

apologies, perhaps i should have said that it "behaves like a commodity", in terms of market price behavior, which was the point i was trying to make.

Understood, have fun...

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March 31, 2014, 05:29:07 AM
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Trade can be made on markets there so many to choose from so pick one yourself. Market choice is your depending on what you want. If u want to invest cash go to btc-e if u have some different coin go to cryptsy or some other.



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E.exchanger
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March 31, 2014, 07:13:22 AM
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Ummm I honestly don't really get what your question is exactly buddy . I think you need to read like a lot before you jump up into bitcoin and just mentioning the base of trading sell high buy low  Wink Smiley
bobdutica
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March 31, 2014, 02:34:37 PM
Last edit: March 31, 2014, 06:32:59 PM by bobdutica
 #9

How I can trade with Bitcoin and how I can make good money in Bitcoin? Is Bitcoin is similar to Forex?

I suggest you start by reading at this link: https://bitcointalk.org/index.php?topic=7269.0

Then, I suggest you look at these videos:
Bitcoin Cryptocurrency Crash Course with Andreas Antonopoulos - Jefferson Club Dinner Meetup
How Bitcoin Works Under the Hood
Andreas M. Antonopoulos - L.A. Bitcoin Meetup - January 9, 2014

I wouldn't recommend anyone trade with Bitcoin until they have absorbed the info in at least the above four links.

zolace
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March 31, 2014, 05:54:26 PM
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Bitcoin is a currency much like any other .The simple answer is: just like physical currency exchanges. You're essentially buying one currency with another.

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trynmpo
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March 31, 2014, 06:27:47 PM
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How I can trade with Bitcoin and how I can make good money in Bitcoin? Is Bitcoin is similar to Forex?

you want to trade btc for profit just buy low sell high ..  Wink
troy112
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March 31, 2014, 06:31:52 PM
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Mate don't do it, until you get knowledge.
And i reckon its not worth doing day trading. Because when it moves, its moves too quickly for anything.

But, one thing you can do is look up for bitcoin related news, because at the moment its very news affected. Thus you can predict the movement there. And just follow opposite. Smiley
softron
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March 31, 2014, 06:46:53 PM
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U can trade bitcoins with metatrader. and also trade altcoins on cryptsy

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March 31, 2014, 09:20:55 PM
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Bitcoin is easier to trade than forex, because there is a predictable supply of bitcoin. On forex it's totally unpredictable how much fiat CBs will print, on forex you lose with almost 100% certainty.
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March 31, 2014, 09:41:31 PM
 #15

[How I can trade with Bitcoin] and [how I can make good money in Bitcoin?] [Is Bitcoin is similar to Forex?]

(i) At exchanges.

(ii) Let me know when you find out (some would say just hoard it, but if everyone did, Bitcoin would eventually atrophy).

(iii) Fundamentally, yes. Bitcoin fulfills the three defining criteria of a fiat currency - storage of value, unit of accounting and medium of trade. Ergo, Bitcoin trading is conceptually similar to forex. However, Bitcoin operates under a completely different environment compared to fiat currencies; chiefly, it is a decentralized, peer-to-peer cryptocurrency that is not subject to central banks interest rates, balance of trade, national debt and political stability. The learning curve is shallow, but intrinsically distinct to fiats.

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