Possible to make money by trading cryptocurrencies?

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A lot of people are doing so, but when it comes to buying and selling like a day trader you are going to need to be very informed and busy if you want to make money day trading.

Now as far as making money using BTC or other cryptocurrencies there are several ways that people are making money and growing there portfolios. I have listed a few of the most common ways below.

Buying and Holding:

When it comes to investing in Bitcoin, there are several investment strategies that people are taking. The first being, Buying and Holding, which is basically just buying bitcoin and holding onto it until the market price goes up to a place where you feel it is time to sell and your bit coin for more than you purchased it for. Make sure that you never bet more than you are willing to lose.

Bitcoin Mining:

Bitcoin Mining, which was cheap to do in the early days of Bitcoin. Unfortunately those days are gone and if you are going to mine Bitcoin today in 2017, your are going to need to invest in some serious equipment and you are also going to need to mine on a large scale for mining to be a viable source of income.

Bitcoin Investing Software

Lastly there is Bitcoin investment programs that you can enroll in that will help you grow your bitcoin without having to start with a large initial investment. The growth is slow but the return on your investment is guaranteed. These are the best ways for beginners to start learning about and working with Bitcoin and other cryptocurrencies. There are many programs out there to work with, some of which are scams and some of which are legitimate.