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$. This Isn't risky because If Its value doesn't Increase, you'll just have to keep It until It gets higher enough, Is this trading?
I would really appreciate If people clarified more! Thankx
I'm thinking about starting to trade with Bitcoin, but I see people saying that It's risky & almost like gambling.
I think that I mis-understand the meaning of trading.
For me trading Is for EXAMPLE, buying Bitcoin when It's at 550$ and selling It when It's at 670$. This Isn't risky because If Its value doesn't Increase, you'll just have to keep It until It gets higher enough, Is this trading?
I would really appreciate If people clarified more! Thankx
Its a risky thing because you will need to predict what is the price of the certain currency . for rxample, you bought a currency for 20$ and you didnt expect that it went down to 15$ .. You lose a 5$ because of that .. So you need to plan first before buying it because trading is so risky.