Be careful with trading. It is not a steady source of income and may lead to losses. Better option in my opinion is long term investing jn Bitcoin. It is much safer though the returns will be less. But you have to consider risk taken also which is very high in case of trading.
False. P2P-Trading is the most steady income out there since you never will have to look at the market value, since you sell the same day you buy. Please explain the risk with that?
It's much more risky to invest long term IMO, but of course I also invest long term as i stated in this thread I HODL some coins.
IMO you should do both, you don't need to choose one, do both and make money on both ways. Easy. Simple. Good.
Hmm, what do you mean? I didn't understand what you meant by saying that long-term investment is risky. I have heard for the first time that a long-term investment in bitcoin can be risky.
Sorry, either you are mistaken or I misunderstood. But I think you are wrong because I have not personally seen any risk in a long-term investment in bitcoin. As you can see, the price of Bitcoin has been rising continuously. Those who had made earlier investments and held them from the perspective of long-term investments were not guilty of any losses because it was not possible for long-term investments in Bitcoin to give you losses. Risk is found in something that devalues with time, but Bitcoin has not lost its value; it is rising with time. Those people have not smelled the smell of losing because the price of Bitcoin is still 37k after the continuous increase, which is free of risk.
And if you mean long-term investment other than Bitcoin, then yes, you are absolutely right that there is definitely risk in it.
Hi GbitG thanks for taking time to reply. When I said that, I didn't had a specific coin in mind. I was just comparing what is the most safest, invest long term or buy an item for one price and sell it for another.
My English is terrible but I will try to explain. But first P2P-trading is not trading and trading is not P2P-trading. Its two totally different things.
Bitcoin go up and down every day as every coin. If you invest in let's say Bitcoin and you hold long-term, you probably will make a profit but its not guaranteed.
When I P2P-trading with Bitcoin I buy Bitcoin for one price and sell it for another I make around 13% in profit for most trades but some trades I make less and when I reload my P2P account I sell all my balance within few hours every time. If Bitcoin goes down in price form the time I deposited Bitcoin to my P2P account and from when I selling the Bitcoin then of course the profit will be less, this happen alot in the beginning, but now I almost sell my coins under one hour so this risk is nothing I need to be so worried about atleast for now.
You probably wont lose money if you invest long-term in Bitcoin and that the most of us can agree on here, I also hold Bitcoin and more coins.
But when people saying its much more risky to P2P trade then long term invest they obvious don't know how one of them works.
I would say its a very very very small chance to lose money if you long-term invest in Bitcoin and impossible to lose money on P2P-trading.
(If you have been P2P-trade for a while and build yourself a reputation on the site you using and got yourself a "network" of other traders)Also... P2P is good for them who maybe don't have a high income to get a chance to own Bitcoin and also increase their Bitcoin amount.
We don't need to choose to either invest or trade, I do both and it fits me perfect.
That's how I see it. I just go after my own experience what I have seen in my life so far, but I am still fresh in the crypto world.
- Regards BabyB. 👼