Quote from: HelliumZ on Today at 11:02:51 PM

Quote from: Joeyp on Today at 10:43:59 PM

Tell all arab people, also here in the forum, that Bitcoin trading is haram. So they will start to sell it and Bitcoin price will be lower. Then you can buy it, and after the time Bitcoin price will be higher again, so you can profit. Grin

As we know in Egypt, Islamic advisory body make the decree, that crypto, also Bitcoin is haram ( prohibited by Islamic law).
Egypt Islamic advisory decree: https://venturesafrica.com/why-is-morocco-walking-back-on-its-crypto-ban/

Trading halal
But interest % Haram.
I don't know if bitcoin transaction is haram but according to Islamic law all types of interest transactions and high interest APY, gambling with bitcoin etc. are haram. But if you earn profit by trading through bitcoin then that profit will be halal for you. In the eyes of Islam, all types of business and trade are halal, but if interest comes from that business and trade, then that business and trade will become haram.

I had such a good plan for some profit, but probably you are right.