Can you profit from buying then selling bitcoin?
In recent weeks I've been wondering what this Bitcoin craze is all about. What's going on etc. Why so popular.
Why is it gaining in popularity. And how can I "get me some"?
It seems like the whole world is full of people who are investing into bitcoin.
The more companies offer services in bitcoin, the more the price will rise slowly.
The times of crazy fluctuation are probably over, but since there is so much
venture capital directed into the bitcoin industry, there will be more adoption.
More adoption leads to bigger price.
I remember reading somewhere when bitcoin begin, 1 BTC was worth 0.0001cent i.e that's 1/100th of a penny. Right?
Then back in November 2013 that same 1 BTC reached as high as $995USD... YIKES!
Now that it has settled back to $235.19USD, Right away remains the right time to generate bitcoin, seeing that it’s just in the early stages of the adoption curve.
Next keep reading.
So, the whole reason of this posting is to teach you:
1) To Begin With Bitcoin...How do you start?
- You first start with a fresh email address...Why not?
- Use new email to open a bitcoin wallet. I make use of coinbase yet you will have others on bitcoin org
- Confirm it as much as you are able to (phone, bank account and so on), simply to get it all functioning
- Finance your account. Visa card etc. Eventually I will tell you a great method that will do this
2) Comparing Bitcoin Valuation...FAST
- At this point I draw on bitcoinaverage com
- Almost all the cryptocurrencies are available and the site gets renewed regularly. Simply
play around on the site and see if you detect anything interesting.
- provides up-to-the-minute information of the changeable nature of bitcoin
Got that? Nice and simple. Next we trade...
3) Exactly where & How To Trade BTC
- Quickest means is for you to acquire from somebody you know, or best go to localbitcoins com
- On this site you will find people in your community willing to buy your coins
- Buyers with the best ratings are all up-front so they are handy to find
- Just adopt the method below, the tabs are enclosed in " "
a generate account
b "send" btc from coinbase to localbitcoins wallet via localbitcoins address
c "sell bitcoins" top buyers "sell" "send trade request"
d "post a trade" establish as local provider "I want to" "sell your bitcoins locally"
uncheck "Floating price" "Price equation" type bitcoinaverageusd*1.05
Next up, the final piece to the puzzle. Don't worry it's quick and easy.
Let's do it.
After we have set-up our localbitcoins account lets get selling some BITcoin
In your web browser put up 3 tabs...coinbase, localbitcoins, Paypal My Cash and bitcoinaverage (okay 4)
This could only take a couple of minutes...really
In localbitcoins
use "show more" option to determine method you intend to be paid in
try to find buyers with (100%+ 100%) feedback scores
Paypal My Cash is one of the quickest to receive cash. Furthermore much less fees. Simply click buyers ad. Look at packs buyer wants to sell
How To Sell Your Bitcoin
- localbitcoins input pack you would like to trade for, "How much you wish to sell?" that should get the number of btc you need to sell.
Add this figure to
- coinbase to determine how much it should cost, press "buy"
- localbitcoins "dashboard" "wallet xxxxxx" "receive bitcoins" copy and paste whole address
- coinbase "send" btc amount to localbitcoins address. press "next" "send"
- wait a few minutes to verify 3 times
- "sell "bitcoins" "How much you wish to sell?" "Send Trade Request" receive contact message
- expect code in message area. Copy/Paste code in Paypal My Cash "Load Funds Now"
- when funds obtained return to localbitcoins contact area "send" "thank you" message
- press "Release bitcoins" add two-factor authentification code "Confirm"...Yeyaa
And after that I will show you how to get in on this awesome... Well I most certainly will tell you laters.
Just that will not likely have to "fund" your wallet...Just sell your bitcoin.
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