Chapter 2. Buying and Selling Bitcoins
"I really like Bitcoin. I own Bitcoins. It's a store of value, a distributed ledger. It's a great place to put assets, especially in places like Argentina with 40 percent inflation, where $1 today is worth 60 cents in a year, and a government's currency does not hold value. It's also a good investment vehicle if you have an appetite for risk. But it won't be a currency until volatility slows down." | ||
| --David Marcus, CEO of Paypal | ||
Building on the basics that were introduced in Chapter 1, Setting up a Wallet we're going to set up a trading account with an online Bitcoin exchange. In this chapter, we're going to cover the following topics:
- Understanding Bitcoin's price volatility
- Following exchange rates and news
- Comparing Bitcoin exchanges
- Trading Bitcoins on an exchange
- Physical Bitcoins
