Post
Topic
Board Trading Discussion
Re: Investing vs Trading and why?
by
chefcryptoshark
on 03/11/2017, 19:58:14 UTC
Hi everyone...

Just a newbie and am planning to put some money into crypto. Now the thing which is stopping me is whether I should go for trading as the currency is volatile and can give some quick gains or buy it and sleep over it for a few years. Or should I go with 50% trading and 50% investing.

Need experts guidance please

Whatever you do, if you're new to crypto you shouldn't be trading. Trading cryptos is risky / hard enough as is, moreso if you're not familiar with the market.

Additionally, try to focus on BTC. While some alts may have merits on their own, many of them are just ways to extract money from newcomers.

Agreed. There is a mentality required to trading that is paired with key knowledge of tradings and mechanics. Emotional investors are the ones that experienced ones eat for breakfast.