I have not bought bitcoins, but I can still earn money from bitcoins.
The easy way is to buy products related to bitcoins .
For more details, video link
The easy way is to buy products related to bitcoins .
For more details, video link
Profit From Bitcoins Without Buying Bitcoins
- Thread starter fiftium
- Start date
RIOT is one indirect way of trading Bitcoin.
CFD contract for difference
Legit Bitcoin futures on CME, BAKKT are the best means to do it.
If you're willing to pay a bit on management fees, and take on credit risk of ETF management companies, there're the Canadian ETFs, there's a German ETF coming real soon too.
For the newbs who're prepared to lose money, bucket shops are ready to take your money at Binance, FTX, Robinhood, etc.
If you're willing to pay a bit on management fees, and take on credit risk of ETF management companies, there're the Canadian ETFs, there's a German ETF coming real soon too.
For the newbs who're prepared to lose money, bucket shops are ready to take your money at Binance, FTX, Robinhood, etc.
I think you confuse bucket shops with exchanges, my friend. At bucketshops you trade against a single counterparty but that's not the case at Binance and FTX. Robinhood is selling flow to internalizers, also not a bucket shop
Yeah on second thought I could be wrong about Robinhood, it's only a theory that they're directly trading against their customers, that would explain why they don't allow any cash BTC withdrawals.
As for guys like Binance, FTX, or even more obvious guys like Houbi, they operate exactly as bucket shops. Real exchanges can't legally participate in trades against exchange member, since that'd display a clear conflict of interest.
Yet this is exactly what bucket shops do, like Binance and co. They offer enough leveraged OTC derivatives that are not necessarily fungible, trade against clients, and make their own markets/prices so they can pick them off easily with seemingly legit margin calls.
It's the same business model as most CFD, Forex shops.
And real trades on legitimate exchange are guaranteed, verified by clearing firms. This is so no funny business such as "mystery wicks" occur to pick off client accounts.
We can see that most crypto market participants can't even distinguish the difference between an exchange vs. Brokerage. The fact that these e-brokerage firms are falsely claiming to be legitimate "exchanges" is a red flag from the get go.
I'm not saying that business model is "bad". It's probably the easiest way to exploit the stupidity of most newbie traders looking for a shortcut to wealth; and personally I think these lazy newbs deserve to lose their money. It's just the shops don't need to lie about it. Why not be honest about their business model like the CFD/Forex shops? You'll still have a shitload of dumb asses willing to throw their money away on over-leveraged bets, all the while develop a better reputation for the industry.
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