Hello NL, am a little curious on how people profit from Buying and Selling bitcoins.

On Nairaex.com I saw this "Buying $1 worth of bitcoin is 510 NGN Selling $1 worth of bitcoin is 450 NGN"

Does anyone with experience understand the above statement or have anyone used nairaex.com?

Thanks

So without 50 people, lets say 29, the 29, will have to wait for the group to complete to get paid abi? MMM we are waiting o

Two fvcking nerds above me. Some spots moved person created a thread waiting for answers while you're here spamming with unrelatedly worthless promotions.

chim14:
Hello NL, am a little curious on how people profit from Buying and Selling bitcoins.

On Nairaex.com I saw this "Buying $1 worth of bitcoin is 510 NGN Selling $1 worth of bitcoin is 450 NGN"

Does anyone with experience understand the above statement or have anyone used nairaex.com?

Thanks

Bitcoin is similar to traditional currency but exist in electronic form. How do you make money with Naira?
The most common way is trading and the value of bitcoin adjusts based on the market demand since there is no government control.

Trading PROFIT
Very similar to stock or forex trading, buy low and sell high. About $298.3 M worth of bitcoin are traded daily around the world. (see the attached pic for the lowest and highest price for bitcoin in last 24 hours) about $40 margin


Investment
Dec 2015 1 bitcoin traded at around 110,000 NGN
as at now, 1 bitcoin will cost you 517,655.1 NGN


"Buying $1 worth of bitcoin is 510 NGN Selling $1 worth of bitcoin is 450 NGN"

NairaEx doesn't charge fees, the rate are all inclusive.


This is not an investment advice, bitcoin trading is very risky and volatile.

I sell gift cards to vendors on paxful.com who can teach me how to bit gift cards on paxful and be a direct loader cashing out delay buying gift cards and getting my cash back. How is it done? Can we load all gift cards in Nigeria? How?