If you are interested in Bitcoin as ameans to increase your wealth, you might follow my basic method:
a) Buy bitcoins, and keep them for a relatively long time. Resist the temptation to buy more or sell unless you thought about it very carefully. I bought a significant amount and kept it for more than three years now. It is paying off, but more importantly, I am not going to sell anytime soon because I fundamentally believe in the long term potential. I will consider selling my bitcoins in 2018 only if they hit above $5, 000. Otherwise, I will keep them until 2020 at least.
b) If you are a technical expert, you might want to make bets on emerging cryptocurrencies, but only for a short time and only at the beginning. This behavior is more speculation that wise… Do it at your own risk. I did it five times, and it worked every single time (including with Ethereum)— I’m either very lucky, or I have good nose for what cryptocurrency is worth watching.
Bitcoin trading could be very lucrative for professionals or newbies. The marketplace is new, highly fragmented with massive spreads. Arbitrage and margin trading are widely offered. Consequently, many individuals could earn money trading bitcoins.
Compared with other financial tools, Bitcoin trading has little barrier to access. If you already own bitcoins, you can begin trading almost promptly. In a lot of cases, confirmation isn't really even called for in order to trade.