Post
Topic
Board Altcoin Discussion
Re: Making Money
by
Sexton
on 01/02/2018, 16:35:44 UTC
How exactly does the money making process work?  You buy some cryptocurrency for a certain price then sell it for a higher price and the difference is the money you've made?  This would mean that the money you've made is still in terms of cryptocurrency.  Then can that money be converted into the whatever kind of cash your country uses?  How does it work?


Cryptocurrency trading doesnt work like that you need to be familiar with the coin you are investing to,because there are thousands of shitcoins out there and you might pick those and thats your end,you will lose a lot of money.Cashing out would be easier when you converted your alts into major coins like bitcoin and ethereum,you can convert these two into usd,then convert your usd to your local currency.