If we invest in a specific coin by following a trade signal from a premium group, will it be halal, since it doesn’t have our own knowledge or analysis?
(A signal is a recommendation by the seniors, about a specific crypto coin, at which price to buy and at which price to sell it later. For example, buy DOGE at $0.3 and sell it at $0.5)
you have to wait till the moment it will be 5 dollars per coin
As a billing system, Bitcoin is halal. In fact, Bitcoin goes beyond what conventional closed systems offer. Unlike traditional banking systems, there is no guarantee that the person paying for the funds actually owns the funds. Bitcoin only transfers the money with the appropriate value and funds. Ordinary banks operate on the principle of fractional reserves, which are prohibited in Islam.
If you don’t treat BTC as gambling, then there aren’t problems trading with it. The United Arab Emirates already has a Bitcoin exchange named BitOasis and offers a Bitcoin wallet service (Bitcoin wallet). BitOasis also provides services in Qatar, Kuwait, Bahrain, and Saudi Arabia. These services are present in both Indonesia and Malaysia.
Bitcoin is halal, but other crypto exchanges are not.
Trading Forex is Halal if you treat trading as a business where you calculate your risk of investment with proper risk/reward expectations. … Do not treat trading as Gambling, do not trade with Swap accounts, and make sure that you do not violate any Islamic Religious laws.