What Is Bitcoin Trading and Why It's risky? - page 4.

bitcoinmasterlord

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Quote from: Ashong Salonga on April 19, 2017, 01:18:25 AM

Quote from: 0day on August 04, 2016, 04:12:16 PM

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.

Ofcourse. Trading is risky if your knowledge abou it are very little or lack of knowledge. Even if you have lot of money or investment as long as you didn't know how trading is happen and what are the different strategies. You will fall and suddenlt your big amount of money will all get lost and you will fall down because of lack of knowledge. Bitcoin trading is a type of business people use to earn or grow their investment. You must know that rules and strategies to have a good earnings.

The method is easy just buy bitcoins at a low price and sell it for a high price. But for this, you must have enough knowledge. You must know where to buy and where to sell. In Trading market skills is important if you are poor in analysing market price then better don't enter this field it will be risky.

Ashong Salonga

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Quote from: 0day on August 04, 2016, 04:12:16 PM

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.

Ofcourse. Trading is risky if your knowledge abou it are very little or lack of knowledge. Even if you have lot of money or investment as long as you didn't know how trading is happen and what are the different strategies. You will fall and suddenlt your big amount of money will all get lost and you will fall down because of lack of knowledge. Bitcoin trading is a type of business people use to earn or grow their investment. You must know that rules and strategies to have a good earnings.

pinggoki

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Quote from: KingdomHearts on April 17, 2017, 04:45:53 PM

Quote from: kobe24 on April 17, 2017, 10:25:25 AM

Quote from: warwar on April 12, 2017, 09:30:48 PM

Trading in bitcoins is just a pretty simple logic term.Trading is buying some thing or another coin from a low price you can get and then selling the coisn for profit big or small i doesnt matter as long as you are harvesting profit through it.Just like industry of buying and selling in the real world

No its not that simple because if you dont have a wide knowledge in trading you cannot make money on it. Trading is not buy low and sell high even the expert sometimes can lose

bitcoin trading is not difficult job for people because bitcoin price is just increase and people buy bitcoin and then sell it with more high price we know that bitcoin price is very powerful.

Right... If you have enough experince in trading it will never be difficult. However if you are a newbie I suggest you to ask some tips to the veterans in trading.
Trading is risky because we know that the value of bitcoin is unstable you didn't know when the coins that you are trading are going to dump. Hence, you should watch closely the trading platform.

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Quote from: kobe24 on April 17, 2017, 10:25:25 AM

Quote from: warwar on April 12, 2017, 09:30:48 PM

Trading in bitcoins is just a pretty simple logic term.Trading is buying some thing or another coin from a low price you can get and then selling the coisn for profit big or small i doesnt matter as long as you are harvesting profit through it.Just like industry of buying and selling in the real world

No its not that simple because if you dont have a wide knowledge in trading you cannot make money on it. Trading is not buy low and sell high even the expert sometimes can lose

Yeah, it's not the process of buy low and sell high. Everytime users won't get such chances to profit out of the buy low and sell high. Price sometimes vary little by little in the forward direction and vice versa. So it's our effort that gets us the profit on the closer price prediction.

vroom vroom

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Quote from: AK47- on April 18, 2017, 11:04:44 AM

Every kind of trading is risky. Bitcoin has a very small market cap, so fluctuations are frequent. Bitcoin is often considered one of the most attractive currency for trading, due to high volatility. But there can be a risk of scams and fraud. So choose wisely.

Market capitalization of Bitcoin is nearly USD 20 billion (USD20.000.000.000, source: coinmarketcap.com) as of now. That is not VERY SMALL!

Highly volatile and risky yes, that's why exciting for risktakers. Though its volatility is kind of decreasing IMHO as the market grows. Scams, fraud and crime are not unknown also with FIAT currencies. Shocked

AK47-

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Every kind of trading is risky. Bitcoin has a very small market cap, so fluctuations are frequent. Bitcoin is often considered one of the most attractive currency for trading, due to high volatility. But there can be a risk of scams and fraud. So choose wisely.

Fireblazer

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Trade bitcoin is not as dangerous as gambling, because there you can develop a clear buying strategy at a low price and sell when the price rises. As a result, you get a good profit almost for hobby.

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That's the risk in bitcoin and that's what we called "trading". It's just a normal thing that you'll do buy at lower price and sell at higher price. But if you want just to donate and don't want to earn then do the opposite thing and of course, no one wants to gain nothing but all of us wants to make profit. Out of that risk, that will give you good profit in the end.

KingdomHearts

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Quote from: kobe24 on April 17, 2017, 10:25:25 AM

Quote from: warwar on April 12, 2017, 09:30:48 PM

Trading in bitcoins is just a pretty simple logic term.Trading is buying some thing or another coin from a low price you can get and then selling the coisn for profit big or small i doesnt matter as long as you are harvesting profit through it.Just like industry of buying and selling in the real world

No its not that simple because if you dont have a wide knowledge in trading you cannot make money on it. Trading is not buy low and sell high even the expert sometimes can lose

bitcoin trading is not difficult job for people because bitcoin price is just increase and people buy bitcoin and then sell it with more high price we know that bitcoin price is very powerful.

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Quote from: rickadone on April 17, 2017, 08:55:44 AM

Quote from: warwar on April 12, 2017, 09:30:48 PM

Trading in bitcoins is just a pretty simple logic term.Trading is buying some thing or another coin from a low price you can get and then selling the coisn for profit big or small i doesnt matter as long as you are harvesting profit through it.Just like industry of buying and selling in the real world

You are quite right there but you forgot to mention the risks as asked, I would highlight them.
Basically when you buy bitcoins for a cheap price then you obviously waits for the higher price,now what happens sometimes is that the price just gets lower and lower, though it would climb back soon we all know and trust but a panic occurs in us because the price is getting lower.

The risk is exactly there, you usually dump your coins that time and regret later when it climbs back.

For investing or trading, there is also a risk that bitcoin will not last long term and that you will lose money. So there is a risk in just putting money into bitcoin.

There's also a big risk with theses cyrypotcurrency exchanges. They could go out of business or steal our money. It happened with mtgox and a few others. So there are some built in risks with trading or even owning bitcoins or altcoins.

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Quote from: warwar on April 12, 2017, 09:30:48 PM

Trading in bitcoins is just a pretty simple logic term.Trading is buying some thing or another coin from a low price you can get and then selling the coisn for profit big or small i doesnt matter as long as you are harvesting profit through it.Just like industry of buying and selling in the real world

No its not that simple because if you dont have a wide knowledge in trading you cannot make money on it. Trading is not buy low and sell high even the expert sometimes can lose

rickadone

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Quote from: warwar on April 12, 2017, 09:30:48 PM

Trading in bitcoins is just a pretty simple logic term.Trading is buying some thing or another coin from a low price you can get and then selling the coisn for profit big or small i doesnt matter as long as you are harvesting profit through it.Just like industry of buying and selling in the real world

You are quite right there but you forgot to mention the risks as asked, I would highlight them.
Basically when you buy bitcoins for a cheap price then you obviously waits for the higher price,now what happens sometimes is that the price just gets lower and lower, though it would climb back soon we all know and trust but a panic occurs in us because the price is getting lower.

The risk is exactly there, you usually dump your coins that time and regret later when it climbs back.

virtualkeybuyer

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Quote from: warwar on April 12, 2017, 09:30:48 PM

Trading in bitcoins is just a pretty simple logic term.Trading is buying some thing or another coin from a low price you can get and then selling the coisn for profit big or small i doesnt matter as long as you are harvesting profit through it.Just like industry of buying and selling in the real world

No it is not that much simple which you wrote there but in trade there need a lot of knowledge and have to learn a number of strategies and have to make yourself well informed about any coin in the market and about the price of bitcoin all the time.

richardsNY

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Quote from: Nagadota on April 16, 2017, 02:18:06 PM

The market cap is very easily manipulated because it doesn't relate to the actual liquidity of an exchange. People on an exchange can often change the market cap of a coin with just a few Bitcoin, sometimes even less, and the price changes very dramatically. Even Bitcoin exchanges have insanely low liquidity right now.

Bitcoin exchanges have always had a very poor level of liquidity. In order for a whale to cash out a few thousand coins, depending on the exchange, he is likely able to push the price 10-20% downwards in one single dump. And then I am not even talking about the effect of stop loss orders that might get triggered, which will result in the price to tank even further. So yes, it takes little (in relative terms) to get the price to tank heavily.

Quote from: upsidedown75 on April 16, 2017, 02:51:38 PM

Yes there are whales but till date today I haven't seen a single person or a group of people manipulating the price of bitcoins. See the cap is too big for a group of people to cover, yeah if some big companies/industries collaborate and make the market swing I can understand but that wont effect the market by much too.

I would agree when the price for bitcoins was 100$ but now it is $1000+ mate and you know how difficult it is to manipulate a btc market alone.

I think you didn't understand anything of my post, plus you lack the understanding of how the Bitcoin market and everything around it works.

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Quote from: richardsNY on April 16, 2017, 01:03:52 PM

Quote from: Colt22 on April 15, 2017, 05:02:20 PM

I am also feeling like the market cap is increased too much so that none of the whale is able to manipulate the market price but still if some whales collectively want to manipulate the price then they may do as they will need to buy some bitcoins at lower price.

The market capt doesn't mean anything when it comes to whales being able to manipulate the price. Important to know is that the things that greatly influence the price are the exchange from where the whale wants to manipulate the market from, and the number of available (tradable) coins in the market (specifically in the exchange the whale operates from). The market cap of Bitcoin is a combined number of every coin in existence. At this point I don't even think 20% of the total number of produced coins are circulating in the market. Says enough.

Yes there are whales but till date today I haven't seen a single person or a group of people manipulating the price of bitcoins. See the cap is too big for a group of people to cover, yeah if some big companies/industries collaborate and make the market swing I can understand but that wont effect the market by much too.

I would agree when the price for bitcoins was 100$ but now it is $1000+ mate and you know how difficult it is to manipulate a btc market alone.

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Quote from: richardsNY on April 16, 2017, 01:03:52 PM

Quote from: Colt22 on April 15, 2017, 05:02:20 PM

I am also feeling like the market cap is increased too much so that none of the whale is able to manipulate the market price but still if some whales collectively want to manipulate the price then they may do as they will need to buy some bitcoins at lower price.

The market capt doesn't mean anything when it comes to whales being able to manipulate the price. Important to know is that the things that greatly influence the price are the exchange from where the whale wants to manipulate the market from, and the number of available (tradable) coins in the market (specifically in the exchange the whale operates from). The market cap of Bitcoin is a combined number of every coin in existence. At this point I don't even think 20% of the total number of produced coins are circulating in the market. Says enough.

The market cap is very easily manipulated because it doesn't relate to the actual liquidity of an exchange. People on an exchange can often change the market cap of a coin with just a few Bitcoin, sometimes even less, and the price changes very dramatically. Even Bitcoin exchanges have insanely low liquidity right now.

richardsNY

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Quote from: Colt22 on April 15, 2017, 05:02:20 PM

I am also feeling like the market cap is increased too much so that none of the whale is able to manipulate the market price but still if some whales collectively want to manipulate the price then they may do as they will need to buy some bitcoins at lower price.

The market capt doesn't mean anything when it comes to whales being able to manipulate the price. Important to know is that the things that greatly influence the price are the exchange from where the whale wants to manipulate the market from, and the number of available (tradable) coins in the market (specifically in the exchange the whale operates from). The market cap of Bitcoin is a combined number of every coin in existence. At this point I don't even think 20% of the total number of produced coins are circulating in the market. Says enough.

TheGodFather

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Quote from: MehdiBmm on August 04, 2016, 02:36:17 PM

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 Wink

Its a risky thing because you will need to predict what is the price of the certain currency . for rxample, you bought a currency for 20$ and you didnt expect that it went down to 15$ .. You lose a 5$ because of that .. So you need to plan first before buying it because trading is so risky.

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Quote from: stergium on April 15, 2017, 04:05:47 PM

Quote from: ?? on ??

Quote from: MehdiBmm on August 04, 2016, 02:36:17 PM

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 Wink

You are almost right.But some times,big whales play their games,dump their bitcoins,create panic,make the price to fall,spread rumours,etc which creates a great fluctuation in bitcoin price.If you read the previous history of bitcoin price movements,you could get a clear idea.Good luck.

but to me i think now it has become difficult for the big whale to manipulate the price of bitcoin and chance the market. i think now it has become difficult for them because the users of bitcoin are increasing from time to time.

yes that is also right. I am also feeling like the market cap is increased too much so that none of the whale is able to manipulate the market price but still if some whales collectively want to manipulate the price then they may do as they will need to buy some bitcoins at lower price.

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Quote from: zulkarnaen on April 15, 2017, 03:10:50 AM

trades using coins as a means of transaction, trading is very risky because a coin is a very volatile price movements, and it is difficult to determine the market for small traders

First, there's no investment that is risk free, since trading is a type of investment and you are the one to decide whether you'll sell or hold a little bit longer. You need to be responsible for it. The market is fluctuating and that's why it's very risky but once you are calm with every situation that can make you worry less.

Topic: What Is Bitcoin Trading and Why It's risky? - page 4. (Read 26373 times)