That you invest in a coin & It'll become worthless before you sell It.
That's the only horrific scenario that can happen
Topic: What Is Bitcoin Trading and Why It's risky? - page 21. (Read 26347 times)
By reading & understanding all your answers, I conclude that the only risk Is :
That's the only horrific scenario that can happen
That's the only horrific scenario that can happen
Its risky because first of all bitcoin itself is risky enough. btc's value goes up and down, its not so much stable, you may see it one day it goes about 700 but goes back to 500+ the next day. Crypto trading can be alot more risky especially id the coin dev turned out to be scam. which most users get to fud as scams. and these are usually the reason why prices goes down.
Bitcoin Trading is a Process In which You Buy Bitcoins at Low Price and Sell them at High Prices....
But It is Not Risky As Gambling. It Is only Risky when you have not Much Knowledge about Trading.....
But It is Not Risky As Gambling. It Is only Risky when you have not Much Knowledge about Trading.....
Bitcoin trading is simply buying bitcoins with low price, hold it for some amount of time, and then selling it when the price increase. It's risky because we can't guarantee that the price will increase for sure, it can going down and then you have to wait long time or may be even you lose
its not like whenever you buy an asset it's bound to go up in value!
if trading was that simple everyone would just be buying things, selling them at a higher price & be done with it!
it requires knowledge, skill, experience & an understanding of the underlying events forming the value of the market you're trying to involve yourself in!
for a start drop by investopedia.com, the site has an entire section dedicated to trading;
there are numerous amazing, informative & free articles there about the mechanics, fundamentals of trading & everything else markets;
(the articles are not directly related to cryptocurrencies but the principal is universal!)
if trading was that simple everyone would just be buying things, selling them at a higher price & be done with it!
it requires knowledge, skill, experience & an understanding of the underlying events forming the value of the market you're trying to involve yourself in!
for a start drop by investopedia.com, the site has an entire section dedicated to trading;
there are numerous amazing, informative & free articles there about the mechanics, fundamentals of trading & everything else markets;
(the articles are not directly related to cryptocurrencies but the principal is universal!)
It is most definitely not like gambling. Gambling is all luck and chance, no skill. Trading requires an educated view of the economy and a little knack for psychology. Check the news. If there's any big happenings, invest on them. Like the recent bitfinex hack, time to buy.
Trading is good according to me, because you can make profit with the help of bitcoin price raise and fall.
For do a good trade You can start invest by small amount in sites like localbitcoin.com with the good account which have nice trust and volume...
It is most definitely not like gambling. Gambling is all luck and chance, no skill. Trading requires an educated view of the economy and a little knack for psychology. Check the news. If there's any big happenings, invest on them. Like the recent bitfinex hack, time to buy.
Well, quartz has been a lot of people who explain about this, but if you want to know here, I will explain briefly. bitcoin trading, is a condition where you make money by buying bitcoin at a low price and selling it when the price goes up. but it's not as easy as you think, because you have to be really precise predict when bitcoin prices down and up, if you do that you can earn, and of course this is risky. if you're one of analyzing price as possible after you buy bitcoin at a high price, the price suddenly bitcoin be down, and of course it will make a loss
my advice for you is if you are new player in bitcoin, better you learn a little bit about altcoin trading. because with this condition and situation, its hard if you want to get profit by trading btc-usd. i think its better to trading altcoin, because in altcoin, you have many altcoin that you can choose and you can get profit on there.
if you don't have experience, and you still want to trade bitcoin-usd, my suggestion is trade with small amount for first time, while you can learn more about this kind trading, if you are sure about trading btc-usd, try to middle up your trading amount. this is just learning by doing and learning by watching
if you don't have experience, and you still want to trade bitcoin-usd, my suggestion is trade with small amount for first time, while you can learn more about this kind trading, if you are sure about trading btc-usd, try to middle up your trading amount. this is just learning by doing and learning by watching
With the example u gave , still there is a risk , what if you buy Bitcoin at $550 and 30minutes later it drops to $130? You see there is a risk involved
Hello folks!
I'm thinking about starting to trade with Bitcoin, but I see people saying that It's risky & almost like gambling.
I think that I mis-understand the meaning of trading.
I'm thinking about starting to trade with Bitcoin, but I see people saying that It's risky & almost like gambling.
I think that I mis-understand the meaning of trading.
it is risky because you have to consider everything that can affect the price and make a prediction and then it is possible that something unexpected happens like the bitfinex hack that caused a drop a couple of days ago.
but it is not at all like gambling IF you know how to trade and not just do it random.
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For me trading Is for EXAMPLE, buying Bitcoin when It's at 550$ and selling It when It's at 670$. This Isn't risky because If Its value doesn't Increase, you'll just have to keep It until It gets higher enough, Is this trading?
I would really appreciate If people clarified more! Thankx
I would really appreciate If people clarified more! Thankx
yes, i suppose that is a form of trading. you are holding longer though. and you may be forced to hold for a longer time like 2-3 months to reach your target.
It is only risky if you are not aware of the market or if you don't know how it works. If you hae all the knowlede to trade then you an do it without a risk. Anyway, all things involving money has a risk so youjust really gotta do what you want to do. There is no point in not risking if you want to move forward.
Hello folks!
I'm thinking about starting to trade with Bitcoin, but I see people saying that It's risky & almost like gambling.
I think that I mis-understand the meaning of trading.
For me trading Is for EXAMPLE, buying Bitcoin when It's at 550$ and selling It when It's at 670$. This Isn't risky because If Its value doesn't Increase, you'll just have to keep It until It gets higher enough, Is this trading?
I would really appreciate If people clarified more! Thankx
There are some unforeseen events that we cannot predict,like what happen to Bitfinex and how because of this the price of bitcoin plunge to $520 from $670, one bad news or speculation can hinder the price of bitcoin to increase or even drop,since there are no safe investment ,trading bitcoin is also risky.. I'm thinking about starting to trade with Bitcoin, but I see people saying that It's risky & almost like gambling.
I think that I mis-understand the meaning of trading.
For me trading Is for EXAMPLE, buying Bitcoin when It's at 550$ and selling It when It's at 670$. This Isn't risky because If Its value doesn't Increase, you'll just have to keep It until It gets higher enough, Is this trading?
I would really appreciate If people clarified more! Thankx
I think it will not be risky if you are intelligent and will have full knowledge about trade,
if you want to know about trade, then I will say that trade is simple buying with lower price and selling them at higher price. and for remaining details you can see the detailed tutorials available in various articles available on google.
if you want to know about trade, then I will say that trade is simple buying with lower price and selling them at higher price. and for remaining details you can see the detailed tutorials available in various articles available on google.
Hello folks!
I'm thinking about starting to trade with Bitcoin, but I see people saying that It's risky & almost like gambling.
I think that I mis-understand the meaning of trading.
For me trading Is for EXAMPLE, buying Bitcoin when It's at 550$ and selling It when It's at 670$. This Isn't risky because If Its value doesn't Increase, you'll just have to keep It until It gets higher enough, Is this trading?
I would really appreciate If people clarified more! Thankx
I'm thinking about starting to trade with Bitcoin, but I see people saying that It's risky & almost like gambling.
I think that I mis-understand the meaning of trading.
For me trading Is for EXAMPLE, buying Bitcoin when It's at 550$ and selling It when It's at 670$. This Isn't risky because If Its value doesn't Increase, you'll just have to keep It until It gets higher enough, Is this trading?
I would really appreciate If people clarified more! Thankx
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