Ninjastic
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Board Trading Discussion
Re: What Is Bitcoin Trading and Why It's risky?
by
mrjoy15
on 01/05/2017, 13:30:29 UTC
Quote from: anasis on May 01, 2017, 12:05:12 PM
Quote from: Drnice on May 01, 2017, 11:43:07 AM
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
As you said, buying for 550$ and selling for 670$, yes that is the good part of trading.

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.
In general, in my understanding, trading in securities, as well as real currency or a crypto currency, carries a certain risk. Even though the trader could have a strong enough knowledge and understanding of the market.
That's pretty true. Even I also think that not only Bitcoin trading, but others you must be carrying a certain risk. As it's a long term process and you become profit at the end so trading with Bitcoin has its own advantages and risks.