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How to speculate in Bitcoin in 2018

John Lennon
Release: 2024-10-11 16:09:01
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The ways to speculate in Bitcoin in 2018 are: purchase Bitcoin directly through exchanges or P2P platforms. Buy Bitcoin futures contracts. Participate in Bitcoin mining. Staking Bitcoin. Trade Bitcoin Contracts for Difference (CFDs). Investors should choose the appropriate Bitcoin speculation method based on their risk tolerance and investment goals.

How to speculate in Bitcoin in 2018

How to speculate in Bitcoin in 2018

The methods of speculating in Bitcoin in 2018 include:

1. Buy Bitcoin directly

  • Buy Bitcoin through cryptocurrency exchanges (such as Binance, Huobi).
  • Trade Bitcoin with other individuals using peer-to-peer (P2P) platforms such as LocalBitcoins, Paxful.

2. Buy Bitcoin Futures

  • Buy Bitcoin on a cryptocurrency exchange or a traditional financial market such as the Chicago Mercantile Exchange (CME) futures contracts.
  • Futures allow investors to trade Bitcoin with leverage at a specific date and price in the future.

3. Participate in Bitcoin mining

  • Set up special mining equipment and obtain Bitcoin rewards by solving complex mathematical problems.
  • Mining requires a lot of energy consumption and equipment investment.

4. Staking Bitcoin

  • Deposit Bitcoin into a cryptocurrency wallet or platform that supports staking.
  • Staking can provide investors with passive income, usually in the form of Bitcoin rewards.

5. Trade Bitcoin CFDs

  • Trade Bitcoin CFDs with an online broker without actually owning Bitcoin.
  • CFD allows investors to take advantage of Bitcoin price fluctuations to make profits, but there are also risks.

When choosing a method to speculate in Bitcoin, investors should consider their risk tolerance, investment objectives and financial situation.

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