Bitcoin Forum>Economy>Economics
Author

Topic: How can I trade? (Read 856 times)

MysticalPotato
member
Activity: 91
Merit: 10
Stop the potato genocide!
How can I trade?
March 31, 2014, 04:41:31 PM
#15
Quote from: Satterfield on March 30, 2014, 08:28:15 PM
[How I can trade with Bitcoin] and [how I can make good money in Bitcoin?] [Is Bitcoin is similar to Forex?]

(i) At exchanges.

(ii) Let me know when you find out (some would say just hoard it, but if everyone did, Bitcoin would eventually atrophy).

(iii) Fundamentally, yes. Bitcoin fulfills the three defining criteria of a fiat currency - storage of value, unit of accounting and medium of trade. Ergo, Bitcoin trading is conceptually similar to forex. However, Bitcoin operates under a completely different environment compared to fiat currencies; chiefly, it is a decentralized, peer-to-peer cryptocurrency that is not subject to central banks interest rates, balance of trade, national debt and political stability. The learning curve is shallow, but intrinsically distinct to fiats.
devphp
sr. member
Activity: 336
Merit: 260
Re: How can I trade?
March 31, 2014, 04:20:55 PM
#14
Bitcoin is easier to trade than forex, because there is a predictable supply of bitcoin. On forex it's totally unpredictable how much fiat CBs will print, on forex you lose with almost 100% certainty.
softron
full member
Activity: 210
Merit: 100
Re: How can I trade?
March 31, 2014, 01:46:53 PM
#13
U can trade bitcoins with metatrader. and also trade altcoins on cryptsy
troy112
sr. member
Activity: 448
Merit: 250
Re: How can I trade?
March 31, 2014, 01:31:52 PM
#12
Mate don't do it, until you get knowledge.
And i reckon its not worth doing day trading. Because when it moves, its moves too quickly for anything.

But, one thing you can do is look up for bitcoin related news, because at the moment its very news affected. Thus you can predict the movement there. And just follow opposite. Smiley
trynmpo
sr. member
Activity: 322
Merit: 250
Re: How can I trade?
March 31, 2014, 01:27:47 PM
#11
Quote from: Satterfield on March 30, 2014, 08:28:15 PM
How I can trade with Bitcoin and how I can make good money in Bitcoin? Is Bitcoin is similar to Forex?

you want to trade btc for profit just buy low sell high ..  Wink
zolace
sr. member
Activity: 364
Merit: 250
Re: How can I trade?
March 31, 2014, 12:54:26 PM
#10
Bitcoin is a currency much like any other .The simple answer is: just like physical currency exchanges. You're essentially buying one currency with another.
bobdutica
newbie
Activity: 53
Merit: 0
Re: How can I trade?
March 31, 2014, 09:34:37 AM
#9
Quote from: Satterfield on March 30, 2014, 08:28:15 PM
How I can trade with Bitcoin and how I can make good money in Bitcoin? Is Bitcoin is similar to Forex?

I suggest you start by reading at this link: https://bitcointalksearch.org/topic/new-to-bitcoin-start-here-7269

Then, I suggest you look at these videos:
Bitcoin Cryptocurrency Crash Course with Andreas Antonopoulos - Jefferson Club Dinner Meetup
How Bitcoin Works Under the Hood
Andreas M. Antonopoulos - L.A. Bitcoin Meetup - January 9, 2014

I wouldn't recommend anyone trade with Bitcoin until they have absorbed the info in at least the above four links.

E.exchanger
hero member
Activity: 714
Merit: 500
NEED CRYPTO CODER? COIN DEVELOPER? PM US FOR HELP!
Re: How can I trade?
March 31, 2014, 02:13:22 AM
#8
Ummm I honestly don't really get what your question is exactly buddy . I think you need to read like a lot before you jump up into bitcoin and just mentioning the base of trading sell high buy low  Wink Smiley
azguard
legendary
Activity: 1484
Merit: 1001
Crypto-News.net: News from Crypto World
Re: How can I trade?
March 31, 2014, 12:29:07 AM
#7
Trade can be made on markets there so many to choose from so pick one yourself. Market choice is your depending on what you want. If u want to invest cash go to btc-e if u have some different coin go to cryptsy or some other.
Bit_Happy
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
Re: How can I trade?
March 30, 2014, 11:31:33 PM
#6
Quote from: arepo on March 30, 2014, 10:22:04 PM
Quote from: Bit_Happy on March 30, 2014, 10:00:21 PM
Bitcoin itself is a commodity
Bitcoin is money, please don't let the Gov create your reality.   Cheesy

apologies, perhaps i should have said that it "behaves like a commodity", in terms of market price behavior, which was the point i was trying to make.

Understood, have fun...
arepo
sr. member
Activity: 448
Merit: 250
this statement is false
Re: How can I trade?
March 30, 2014, 10:22:04 PM
#5
Quote from: Bit_Happy on March 30, 2014, 10:00:21 PM
Bitcoin itself is a commodity
Bitcoin is money, please don't let the Gov create your reality.   Cheesy

apologies, perhaps i should have said that it "behaves like a commodity", in terms of market price behavior, which was the point i was trying to make.
keithers
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
Re: How can I trade?
March 30, 2014, 10:18:54 PM
#4
You can trade a btc-e.com as long as you have an email address and a heartbeat Smiley
Bit_Happy
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
Re: How can I trade?
March 30, 2014, 10:00:21 PM
#3
Bitcoin itself is a commodity
Bitcoin is money, please don't let the Gov create your reality.   Cheesy
arepo
sr. member
Activity: 448
Merit: 250
this statement is false
Re: How can I trade?
March 30, 2014, 08:38:25 PM
#2
no, it's quite different. Bitcoin itself is a commodity. i would recommend doing a hell of a lot more research than you've already done before you jump in.. there are plenty of resources to answer all of your questions and ones you didn't even know were important on these forums and the wider internet.

--arepo
Satterfield
newbie
Activity: 39
Merit: 0
Re: How can I trade?
March 30, 2014, 08:28:15 PM
#1
How I can trade with Bitcoin and how I can make good money in Bitcoin? Is Bitcoin is similar to Forex?
Bitcoin Forum>Economy>Economics
Jump to: