Ninjastic
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Board Trading Discussion
Re: What Is Bitcoin Trading and Why It's risky?
by
StarofBTC
on 25/11/2016, 08:49:23 UTC
Quote from: OrangeII on November 24, 2016, 05:28:45 PM
Quote from: noictib on November 24, 2016, 03:16:06 PM
Quote from: MehdiBmm on August 04, 2016, 07:36:17 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
Actually it is not a work of risky way but it needed a long patience instead of sudden profit .
I am in trading from 4 month and my experience is saying always put your sell  order on definite amount on advance . Secondly your advance order for sell should or price 40% more than your buy price .
I guess all that can make an income on the internet has a risk level of each. Well, according to my experience, trading is one way to make money on the internet that have a fairly high degree of risk if you do not have knowledge about trading. before trading, you have to learn about it, even very many trading demo version made for beginners. you have to learn to play the trading prior to play it, because it would be risky if not done
I think not only internet but all king of trading are risky and so in case of bitcoin as most of the people are using bitcoin as investment and for trading purposes because in most of the area people do not have facilities to use it as currency to trading  bitcoin is as risky other kind of trading.