Re: What Is Bitcoin Trading and Why It's risky?

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're Idea is right in trading it will be like gambling if you will go in blind trading where you buy an altcoin without researching and another you will only loss in bitcoin if you will sell lower and that was called panic selling because of that you will loss so don't sell with low price trading is profitable as long as you are a good trader.

That is the disadvantage of not having enough knowledge in trading because if you didn't know anything in trading then you will end up in getting losses of money and you will often do panic selling rather than holding your stocks of your altcoin or bitcoin. Trading is one of the best way to grow bitcoin but it needs knowledge and patience in understanding the market very well and it will make you a good trader.

Its is more risky if you don't know actually what happens into a market of manipulation . Perhaps when the time you start trading you should bear in mind the basics and how to do buy and sell while your emotions is given because you need to experience the common mistakes that leads to lose of a profit .You can't learn all of this as we know trading now but for beginners it needs step by step ,there is no instant skills without trying ang experience of having a trouble.

I agree that we should learn how whales manipulate the market so we can ride their waves. This is kinda hard for a beginner but they can learn it if they dedicate their time. This is the disadvantage of newbie trader, even with equipped basic knowledge, there is still a tendency for them to loss funds in trading. It would be better if they can watch the market and study it first before jumping and buying anything.

Joining the hype that is created by the whales are the one of the ways to make a lot of money in trading especially if they manipulating a low price coin and transform it to a expensive one. It may take time but it is easy to notice or recognize the whales in the market, just observe the charts and both buy and sell orders to determine if there is a whale that testing the depth of the water and if they do then eventually join them to make a lot of profit.