If you want to make money on bitcoin, the easiest way is to go to a local bitcoin dealer and open your wallet. Some dealers take credit cards. You may even be able to invest in cryptocurrency through your retirement account.
Is this legal? For now, yes, although the law is evolving.
You can also “mine” bitcoin, creating valid decryption keys by either using a service or using your own computer. When you find a new answer to the bitcoin puzzle, you own it. The keys portrayed in the media as metal are just magnetic ink.
Each cryptocurrency coin is one answer to a puzzle set out by a currency blockchain. The value of those answers will rise, or fall, in an open market process, sometimes with dizzying speed.
Bitcoin Cash, which forked from the main bitcoin blockchain in August, is now worth a fraction of what it was when the fork was initiated. There are also transaction costs in buying, or selling the cryptocurrency through an exchange. Getting the best price can take time. So can processing any transaction. Increasing the speed of processing transactions through the blockchain is the usual reason given for a cryptocurrency fork.
There are other ways to play, of course, which are the subject of this gallery. Here are five low-risk stocks to buy to profit from the bitcoin craze.