Want to earn some extra cash by trading bitcoin? Then you need to make sure that you understand the fundamentals of becoming a successful trader. Many traders acknowledged with traditional financial markets have also found that success when trading bitcoin, but there are also plenty of trading novices who don’t understand what they’re getting themselves into. Although you don’t need to have a degree or take a course to be a successful trader, it makes sense to understand the building blocks of long-term trading profits (Read more: “Top-5 Rules for Successful Trading“).
Business has never been better in the world of bitcoin mining. The amount of investment and new businesses popping up in the bitcoin mining space has increased rather dramatically over the course of 2014, and there’s never a dull week in this particular part of the bitcoin industry. Let’s take a closer look at some of the bigger stories from the past few weeks.
Chinese Bitcoin Mining Alliance Wants to End Ponzi Schemes
The idea that some bitcoin mining companies could be operating as Ponzi schemes is nothing new, and even Gavin Andresen has mentioned his skepticism of it.