Professor Shrewd

  It is essential to know about yourself before diving into crypto trading. An important question to ask is that what type of trader you are? Because as it seems, making money in cryptocurrency may be an easy job at times. But to make your crypto earnings sustainable and be a successful trader, it is crucial to explore your potential and act as per your type of personality. This blog is about the kinds of traders and the way they make trades. Image by  Gerd Altmann   from  Pixabay In general, we can categorize cryptocurrency traders into the following four types of traders. Every kind of trader needs its skillset and approach for being successful. Long-term traders   These traders aim to invest in those projects/currencies that are newly launched or about to lunch. The aim is to put money into such projects and hold it for a more extended period. These traders make money because all currencies at the beginning have the lowest prices. However, if the pr...

  Muslims have several questions these days about Bitcoins. These include: Is Bitcoin halal? Is crypto trading halal? Is it acceptable for Muslims to trade in cryptocurrencies? What do the religious scholars state about it?   This write-up aims to discuss this issue in detail.    Image credit Pixabay     Before discussing the subject topic, I strongly recommend having a quick go of my earlier write-ups to have a good understanding of cryptocurrencies, bitcoins and the related terminologies . Islamic Scholar opinions about Bitcoin Below are screenshots of four fatwas about Bitcoin from four different sources. These include fatwas from "Grand Mufti of Egypt", Turkish Government, "Center of Palestine" and from "Shaykh Haitam from the UK" respectively.   According to these all sources, Bitcoin is Haram . In simple words, as per these sources, Muslims should not deal with Bitcoin.      Summary of Religion scholar's arguments against B...