Bitcoin is a virtual currency that exists and can be used to transact business over the internet across the world. As market trends are observed, it is a trade that involves buying and selling coins. With bitcoin you are to purchase goods online and sell them to a prospecting customer. Though it started in the year 2009, it has spread across the world and various individuals and companies have put their resources in it. Like any other business, bit con has got its merits and demerits to the traders involved in it. Any trader is free to join this business and experience its profitability.
Who is trading bitcoin

Bitcoin is a virtual currency that exists and can be used to transact business over the internet across the world. As market trends are observed, it is a trade that involves buying and selling coins. With the bitcoin you are to purchase goods online and sell them to a prospecting customer. Though it started in the year 2009, it has spread across the world and various individuals and companies have put their resources in it. Like any other business, bit con has got its merits and demerits to the traders involved in it. Any trader is free to join this business and experience its profitability.

Trading in bit coin presents unique

Who can trade bitcoin? It can be traded by anybody with the desire to venture into online business. There are individuals, brokers, micro finance and other web based societies that have the ability to do it. Individuals that do this trade normally create their own accounts and invite people to invest with them. They promise to give you returns monthly or weekly depending on the agreement. Since business is a game of chance in most cases there are a lot of excuses for the delayed or missing returns at the end of the agreed period. The ability to trade in bitcoins depends on how much you put in this venture as your starting capital. For a better return, you can buy and sell over the internet when the market is capped at a profit.

Who can trade the bit coin?

The second category is the brokers; they act as the middlemen in this business. They are willing to open an account for you. Basically, they start by training you for a period of two weeks or more. Then it is followed by a demo account that would give the customer the impetus to do the business and finally put his real money. Upon learning of the bitcoin business, the trainee is given an opportunity to choose whether to open a live account or the broker to run the account on his behalf. Because this business requires more of an online presence and internet connectivity throughout, most customers normally live with the brokers with the authority to operate the bitcoin account on their behalf.

The third category on who can trade in bitcoin is the microfinance companies. Some of these companies offer short term loans to their clients and by extent offer crypto-currency services. Moreover, some of the companies offer Forex services that mostly confuse customers for bitcoins. Whenever a micro-finance is trading on your behalf, expect very low returns because what they give is a small percentage of your account's profits. The most devastating aspect is when you lose all the capital in the trade, they can give you a loan to keep the account afloat. This practice is common in African countries where policies regarding this trade are not strictly implemented.

Bitcoin trade is good because your physical presence is not needed compared to use of hard money. It requires minimal fees to open bitcoin trading accounts and even a big amount of money can be sent to the cross at a little cost. Its good track record enables the users to trace the transaction history with ease. However, prices keep on changing that sometimes leads to terrible losses. You can lose all the money particularly when you buy or sell against the prevailing market trends. Losing continuously makes some people trade with emotions hence reduces their sense of judgment on when to sell or buy. Trading in bitcoins is a preserve for a group of people but is open to all who study market trends accurately.