Traders primarily speculate on the future price direction of Bitcoin. This means they are betting on whether the price of Bitcoin will rise or fall.

These bets include several methods, the most notable of which are:

1️⃣Buy and Hold: The trader buys Bitcoin and holds it in hopes that its price will increase in the long term.

2️⃣Day Trading: The trader buys and sells Bitcoin several times within a single day to take advantage of small price fluctuations.

3️⃣Futures Trading: The trader bets on the price of Bitcoin at a specific future date without owning the Bitcoin itself. They can profit whether the price rises or falls depending on their bet.

4️⃣CFDs (Contracts for Difference): The trader bets on the difference between the opening and closing price of Bitcoin, making a profit or loss based on this difference, without owning the underlying asset. This method also allows for profit from falling prices (short selling).

In summary, traders aim to profit from Bitcoin price movements, whether through long-term investment or short-term speculation.😇😇