I have a few questions regarding crypto trading. Please answer them.
- Cryptocurrency trading involves a lot of speculation. Is speculation allowed in Islam?
- If I invest $50 in Bitcoin today, and 2 days later its price goes up and my capital rises up to $100, is the profit permissible?
- If one of my friends suggests me to invest in a certain cryptocurrency that will give me profit, and I personally don’t do research or analysis, is it allowed for me to invest?
I have more questions in mind but these are the basic ones that will connect to others.