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Topic: What Is Bitcoin Trading and Why It's risky? - page 9. (Read 26373 times)

legendary
Activity: 1680
Merit: 1001
February 17, 2017, 08:05:13 AM
Buying Bitcoin in general is risky because we don't know what the future holds for Bitcoin. Also, if you buy now with the plan of selling for a profit, you don't know if the price will drop to $500 tomorrow because of the volatility.
Well i can say you are too pessimist. With high risk, we can also make big profit from buying bitcoin. Maybe bitcoin price will be increased to $2000 on tommorow because there is a big pump when we bought it. Who knows?
sr. member
Activity: 910
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
February 17, 2017, 07:11:06 AM
Bitcoin trading is exchanging your bitcoin to any form of fiat like usd, jpy, etc. and vice versa. It is risky because bitcoin's price is very volatile. It can rise or drop for more than 1$ in just a single day. If you bought in a price that is too high it will be difficult for you to sell it at even in a higher price, it can take some months to sell it. A single negative news can affect the price of bitcoin which makes it to do bitcoin trading.
Actually, I see bitcoin's risk in trading as I seen the risk in forex trading. A single news can a affect one's currency. They are both risky. The problem why forex traders tend not to trade with Bitcoin is because, they can't predict what is the future if Bitcoin and since Bitcoin is a new currency that fiat currency.
hero member
Activity: 700
Merit: 500
February 17, 2017, 06:37:53 AM
Bitcoin trading is exchanging your bitcoin to any form of fiat like usd, jpy, etc. and vice versa. It is risky because bitcoin's price is very volatile. It can rise or drop for more than 1$ in just a single day. If you bought in a price that is too high it will be difficult for you to sell it at even in a higher price, it can take some months to sell it. A single negative news can affect the price of bitcoin which makes it to do bitcoin trading.
hero member
Activity: 1008
Merit: 510
February 16, 2017, 10:45:53 PM
Buying Bitcoin in general is risky because we don't know what the future holds for Bitcoin. Also, if you buy now with the plan of selling for a profit, you don't know if the price will drop to $500 tomorrow because of the volatility.
legendary
Activity: 938
Merit: 1002
February 16, 2017, 02:41:20 PM
it's because bitcoin is an experiement
No, I guess it is not about trading bitcoins. But without doubts, bitcoin is relatively new project and still it is in experimental phase. But trading bitcoin is not dealing with this part of bitcoin and might be long term investors are just being warned about this phase of bitcoins, because their risks are more than a trader usually do take.
sr. member
Activity: 308
Merit: 250
February 14, 2017, 09:41:33 PM
I can tell you why it's risky

it's because bitcoin is an experiement

if you go to bitcoin.org it says when your trying to run a node

however if it is riskier than penny stock i have no idea
sr. member
Activity: 594
Merit: 250
February 14, 2017, 02:26:13 PM
This maybe the place where you can buy bitcoin or altcoin according to your like on which coin you think is more on swings in the trading platform, then you  do trade by simple principles of the traders at sell high, buy at low value.
hero member
Activity: 1022
Merit: 500
February 14, 2017, 08:36:15 AM
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
Your right with what your thinking, Trading is a place where you trade bitcoin or other altcoin on which will depend on you of how will be implement in the midst of doing trade in the exchange platform. Even you already loss stay on the game continue to old it until it increase again. And risky is just a part a trading, for to become more sharpen to become a good traders.
sr. member
Activity: 1316
Merit: 356
February 09, 2017, 09:59:13 AM
I think you also is interested in bitcoin trading. You know, bitcoin trading is an exchange of bitcoin into altcoins which you need to wait a several times to earn with it because you can only earn on it, depends on the swing of the altcoins or price movements.
Honestly, trading is very risky. It is also unpredictable job, you don't know when to earn on it because it doesn't have enough time.
hero member
Activity: 1022
Merit: 500
February 08, 2017, 03:55:43 AM
It is the place where you'll have to use your kills in trading together how to handle your emotions, strategy, analysis, and patience. Those mentioned must be implemented during trading in the platform though its risky in some other way, but no worries its normal in trading. Just focus on what you are doing in the place of platform.
hero member
Activity: 1246
Merit: 529
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February 02, 2017, 12:52:52 PM
Trading is simple, when the price is low it is time to buy it
and sell when the price is high.

For newbie these words seems to very simple because newbie thinks that bitcoin trading is very easy. Off course bitcoin trading is easy but you need patience when it come bitcoin trading. Some time the price will be very high you cannot able to buy them, so you need to be very active when comes to trading.

It's sounds like this trading activity just watch the chart for a long day, i would say it's not efficient. Better to learn how analyze fundamental and technical in trading, if you are already proficient you don't need to watch price movement for a long day, just makes a limit order to buy/sell.

Yes of course the patience is necessary to manage the risk, there's no free risk in any aspects, manage it will decreased the risk or even can be a profit.
yep that's basically what I do mostly. I don't have time most of the day to stare at the computer screen to watch how alt coin prices would move all day so I set a decent buy order first and then when that completes, same thing with selling. it doesn't matter to me if it may take days before I sell as long as it with the price that I preferred
full member
Activity: 532
Merit: 100
February 02, 2017, 12:29:30 PM
Simple definition of trading is to buy in a lower price and sell in higher price. Yes its risky if you don't have enough knowledge about how these things work. And in another way it can be risky is,you don't know when the price might fall.If the price fall from your buying pricee you can't get a profit. But this risk can be taken if you want a better amount of profit.Every business has risk.If there is no risk that cant be called business. Risk is the first step to achieve something bigger.  Cheesy
hero member
Activity: 686
Merit: 500
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February 02, 2017, 12:11:35 PM
Trading is simple, when the price is low it is time to buy it
and sell when the price is high.

For newbie these words seems to very simple because newbie thinks that bitcoin trading is very easy. Off course bitcoin trading is easy but you need patience when it come bitcoin trading. Some time the price will be very high you cannot able to buy them, so you need to be very active when comes to trading.

It's sounds like this trading activity just watch the chart for a long day, i would say it's not efficient. Better to learn how analyze fundamental and technical in trading, if you are already proficient you don't need to watch price movement for a long day, just makes a limit order to buy/sell.

Yes of course the patience is necessary to manage the risk, there's no free risk in any aspects, manage it will decreased the risk or even can be a profit.
legendary
Activity: 1512
Merit: 1041
February 02, 2017, 02:41:08 AM
Trading is simple, when the price is low it is time to buy it
and sell when the price is high.

For newbie these words seems to very simple because newbie thinks that bitcoin trading is very easy. Off course bitcoin trading is easy but you need patience when it come bitcoin trading. Some time the price will be very high you cannot able to buy them, so you need to be very active when comes to trading.
I think this only applies for long term trading. for day trading you don't need to wait for so long time to price increase.
and you can choose other currencies also. few altcoins are very volatile and give a lot of profit to traders. give them a try.
hero member
Activity: 1288
Merit: 508
Leading Crypto Sports Betting & Casino Platform
February 02, 2017, 02:25:12 AM
Trading is simple, when the price is low it is time to buy it
and sell when the price is high.

For newbie these words seems to very simple because newbie thinks that bitcoin trading is very easy. Off course bitcoin trading is easy but you need patience when it come bitcoin trading. Some time the price will be very high you cannot able to buy them, so you need to be very active when comes to trading.
hero member
Activity: 924
Merit: 500
February 02, 2017, 12:12:22 AM
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.

You have a point in this matter, risk is depend on how are we going to handle it, if we do not manage properly or precisely we might encounter that risky, but if we do it correctly,  risk is nothing. Though in business risk is always a part of it. Especially in when we do trade in the exchange platform.
hero member
Activity: 966
Merit: 507
Trading is all about 99% luck and 1% skill trading is not a job. you can earn a lot from trading if you have a trading team to control the market price of the certain coin. the law of supply and demand is use in trading so better look for trading team to start trading. because if you are the only one it is too risky!
although luck is one of the most important factor in trading that effect the trading result. but still i will say that if you have good experience in trading then you can even change your luck, with your good experience and hard work.

How can you attribute 99% of success in traidng to luck, trading is not gambling for Christ sake. 99% of success in BTC trading is knowledge, the level of education you have will help your decision making then 1% to luck.

When someone says "trading is gambling", I have no doubt that he is a gambler. Only when you have spent long times analyzing charts and studying the market behaviors to build up a consistent strategy, you can understand that trading is all about knowledge, strategy and money management.
hero member
Activity: 2954
Merit: 533
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Trading is an act to buy and sell particular things, but in this case it is crypto currencies, in theory we need to buy low and sell high to gain profit, but in reality there are so many factor that can caused you to lose money, like panic sell or you bought an dead coin, so you need to have knowledge to do trading
yes knowledge, experience and trading are the key tools to success in trading. if you are going to trade a coin, you must have sound knowledge about that coin and you must also have good experience  must know some skill of trading and only they you can make money from that currency. and if you do not have any skill and experience in trading then such kind of trading is more risky that gambling.
and to if a person do not have any skill and knowledge about trading alt coin, then he should not take risk and should simple hold bitcoin for the price increase. hope that he will also get good profit from holding bitcoin in long run. but you need to be patient and strong decision taker.

Entering in trading without any knowledge or experience would be really risky and in fact there would be no difference between gambling and trading
in conclusion, a new trader is definitely can't be capable of adopting the bitcoin market movement.

Still need more time to go for the new trader.
It is not easy like those people's mind.
hero member
Activity: 980
Merit: 523
Trading is simple, when the price is low it is time to buy it
and sell when the price is high.
its really a simple and easy formula about trading and i think all trader is applying this formula that buy bitcoin in huge amount when bitcoin price is down and then hold it for higher price and then price of bitcoin goes to higher value  and then they sell their bitcoin with higher price and then again they trying to buy bitcoin with lower price. 
sr. member
Activity: 546
Merit: 255
It is just as how you trade with other online currencies.
And the only risk involved in this is that the other person who is
Trading with you should not scam you or something.
Though you can give him negative trust , but still you suffer a loss.
So it would be more preferable to trade with positive result people.
Even it might be a risk to trust  neutral trust members.
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