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$. This Isn't risky because If Its value doesn't Increase, you'll just have to keep It until It gets higher enough, Is this trading?
I would really appreciate If people clarified more! Thankx
As you said, buying for 550$ and selling for 670$, yes that is the good part of trading.I'm thinking about starting to trade with Bitcoin, but I see people saying that It's risky & almost like gambling.
I think that I mis-understand the meaning of trading.
For me trading Is for EXAMPLE, buying Bitcoin when It's at 550$ and selling It when It's at 670$. This Isn't risky because If Its value doesn't Increase, you'll just have to keep It until It gets higher enough, Is this trading?
I would really appreciate If people clarified more! Thankx
But do you think of the other part, asin the opposite of what you said, at this time buying with 550$ and there was a fall in the price of the coin you bought from 550$ to 100$ or less, and its not acting to showing if it will increase soon. Now that is the risk behind trading.