What to do with the Bitcoin you buy
Bitcoin can function either as an investment or a medium of exchange. So you can either spend it, trade it or hold it.
If you're spending Bitcoin, there are a handful of retailers and digital services that allow you to use crypto as payment.
If you're investing, it's good to think about what kind of investor you want to be. Investors who day trade — a risky investment strategy that involves frequent buying and selling — try to buy Bitcoin low and sell it if and when its value moves higher.
But if you see a future for Bitcoin as a digital currency, perhaps your investment plan is to buy and hold for the long haul. Whatever your plan, know that owning Bitcoin may create a complex tax situation.
