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
Trading = any activity that involves the exchange of two commodities/assets/currencies for a potential profit.
With bitcoin trading, it's based on the same concept as Forex trading.
You aim to make a profit by buying low and selling high, or shorting bitcoin when it is too high to make a profit when markets fall.
It is risky, very risky in fact that indeed it's almost like gambling especially if you leverage your trades. But it requires skill - unlike gambling.