Ninjastic
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Board Trading Discussion
Re: What Is Bitcoin Trading and Why It's risky?
by
Colt22
on 15/04/2017, 22:02:20 UTC
Quote from: stergium on April 15, 2017, 09:05:47 PM
Quote from: tyson187 on April 14, 2017, 06:58:14 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
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.