Book Image

Learning Bitcoin

Book Image

Learning Bitcoin

Overview of this book

Table of Contents (16 chapters)
Learning Bitcoin
About the Author
About the Reviewers

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