Topic: what is bitcoin business? (Read 174 times)
Bitcoin is def. a multi-faceted beast. There is buy and hold, trading, margin, otc, market manipulation, startup business, mining, staking, etc. There are so many ways to make money in this sector one just has to focus on what interests them and what's their strengths to make the most profit and most importantly not to lose money/coin.
Bitcoin trading is different from buying and holding. When you trade Bitcoins, that means you are trying to buy Bitcoins at low prices and sell them at higher prices for relatively short periods of time. Successful business requires knowledge and practice. Trading markets are occupied by very large players who are just waiting for new arrivals and throwing their money away by doing business purposelessly. According to you business bitcoin is how?
The Bitcoin business is an easy and usable payment tool across the globe and across the continent.Bitcoin currency is not known in the banking system and is not related to the government.
According to me, I think bitcoin is an interesting business even if the bitcoin's price is low. We should use our bitcoin carefully, and try to buy low and sell when it will be too high. Patience is the key to make a huge profit. As a trader, I think if you invest in the right crytpos and follow crypto news, you can make a lot of successful trades.
Its just as straight as you are putting it here. If you dealing with the trades then obviously you have to understand buy low and sell high strategies and follow it. If you are gambling then risk is your business there and if you are making investment then its your business to have patience and grow it systematically over the long period of time. Off course this is the business of bitcoin, and I am taking this terms in really basic way and for me its business of taking risk and getting huge profits in return. Thats all what I think about it in most simple way.!
Depending on where you live, you may have people interested in using bitcoin for the purpose it was meant for. Exchanging value without need of a currency backed by a central authority.
A simple bitcoin business would be to start offering small items for sale against bitcoin. You could try to implement it with the latest developments like using a SegWit address and a lightning node. Maybe not immediately but such a business would grab eyeballs and respect from the bitcoin community in the long run.
Integrating bitcoin acceptance with your current business or even just offering things for sale against bitcoin is a great bitcoin business any day.
A simple bitcoin business would be to start offering small items for sale against bitcoin. You could try to implement it with the latest developments like using a SegWit address and a lightning node. Maybe not immediately but such a business would grab eyeballs and respect from the bitcoin community in the long run.
Integrating bitcoin acceptance with your current business or even just offering things for sale against bitcoin is a great bitcoin business any day.
Business in bitcoin is a luck-based business, if bitcoin prices are good then it is easy to make a profit, if bitcoin prices are bad then you have to be patient, which is more worried about the bitcoin price that is logically unpredictable.
Bitcoin trading is different from buying and holding. When you trade Bitcoins, that means you are trying to buy Bitcoins at low prices and sell them at higher prices for relatively short periods of time. Successful business requires knowledge and practice. Trading markets are occupied by very large players who are just waiting for new arrivals and throwing their money away by doing business purposelessly. According to you business bitcoin is how?
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