Is Bitcoin Trading Profitable?
Bitcoin trading, of course, Bitcoin should come on the list of the best digital currencies to invest, as it is the basis that allowed many digital currencies to take off later, it was created by a group of programmers who knew themselves as Satoshi Nakamoto.
Bitcoin trading depends on the transactions it makes between its users on the peer-to-peer mechanism, without the need for a third party between the sender and the recipient to work, as the software processors of the dealers are the ones who take over the completion of the transaction, so fees are not deducted for intermediaries or the like.
Bitcoin trading provides the opportunity for people around the world to send payments to each other within a few seconds, but it lasts for several minutes later, and in any case, with it, you will not need to worry about exchange rates or bank transfer fees.
This digital currency is considered the most valuable among all digital currencies and the best bitcoin trade, and it witnessed a remarkable rise in 2017, and this is when its price per dollar rose to more than 19,000 dollars, although it witnessed a decrease in its price value later, It’s also still high.
The difference between trading bitcoin and other currencies
Litecoin was created in 2011 by a programmer known as Charlie Lee, who always points out that Litecoin as a digital currency is closely related to the currency of Bitcoin, as the two have been likened to being like gold and silver, so if Bitcoin is gold, then Litecoin is silver.
The digital currency of Litecoin is the right choice for investors who want to invest in digital currencies, but cannot afford to pay the exorbitant value of Bitcoin, so this is where Litecoin is a good option for them.
It is worth noting that Litecoin relies on blockchain technology that makes transactions using it faster than Bitcoin transactions.
Ethereum was launched in 2015 after it was designed in 2013 by programmer Vitalik Buterin. Ethereum relies on blockchain technology for its transactions, making it fast, and it is designed to be open-access and provides a variety of applications.
The programmable Ethereum is a smart contract that allows the implementation of the various agreements between the parties, and each other in a completely secure way, for example, you can use it to complete a real estate transaction without the need to have an escrow account.
And it is a great choice, and one of the best digital currencies to invest in if you are looking for a long-term investment in what can be considered a digital currency.