Having been doing the crypto investing and trading for 2 months now. i am well into it.
i never ever really got into stock trading much, other then long term
or day trading stocks
what is the difference between crypto trading and day trading in stocks? would one be following a similar format?
what are the similarities and differences?
look forward to all your kind replies
There is a whole lot of difference between both worlds. Most of which is due to the centralized nature of stocks and decentralized nature of cryptos. Here are a few differences between the both:
1. The first and foremost difference I see is the buyer freeze and seller freeze. In case of stock market we see if any stock gains huge momentum or loss exchange puts a freeze over the stock so it doesn't moons in a day but same isn't there for cryptos.
2. Stocks are traded more due to the underlying company performance if we see in long term while cryptos are not the same people only invest in cryptos when they hear a very big news floating about it.
3. Stocks more or less provide a constant return while crypto can provide infinite returns to you.
4. Arbitrage is quite less possible in stock market while its quite easy to play it in cryptos.