You would not be living on this planet if you haven’t heard about bitcoin. This is a digital currency used online as a method of payment which has been making headlines for quite a while now.

While bitcoin may be the best known cryptocurrency, there are believed to be in excess of 1,300 other cryptocurrencies available online. Of course, they are not as widely known or recognised as bitcoin. But for the average investor, it contains an element of mystery.

 

It was Mahatma Gandhi who said, “The world has enough for everyone’s need, but not enough for everyone’s greed.”

The bitcoin trading has been off the scale, going from 1 US cent in 2009 to US$14,761.03 ( as at December 29th, 2017). The prices have undergone massive fluctuations, resulting in very large swings.

Of course, this has caused investor trepidation, as headlines such as “Bitcoin price falls by more than 3,000” are very common. But many investors are eager to find out how they can make money from trading it. This is the most typical question posed to me by people wondering how to profit from this digital asset.

However, it is very important to understand what you are investing in. No doubt money can be made, but don’t forget that money is also being lost.

http://www.jamaicaobserver.com/sunday-finance/the-cryptocurrency-enigma_121158