How to Make Money With Bitcoin (and Other Cryptocurrency)
Cryptocurrency is a label given to many different forms of digital currency whose transactions are verified and recorded by a decentralized system that operates by solving a series of encrypted codes. This decentralized system is usually blockchain.
The most important aspect of blockchain is that it serves as a veritable unforgeable transaction ledger.
In 2008 Satoshi Nakamoto published a historic paper that ushered in the era of cryptocurrency. Satoshi Nakamoto’s identity still remains shrouded in secrecy.
Types of Cryptocurrency
Bitcoin Litecoin Ethereum
The basic laws of financial trading still ring true here: buy low and sell high. From there it gets a bit more complicated. Your first step in trading crypto is to find yourself a wallet.
How to Make Money With Bitcoin
Coinbase is the most well-known crypto wallet. After creating an account, you can link a debit card or bank account to Coinbase which allows you to convert hard currency into crypto and vice versa.
Types of Wallets
Striking Crypto Gold
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After you have selected your wallet, you now must pay close attention to the price fluctuations of your targeted cryptocurrencies. This is an art as well as a science.
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