Quote from: Ahiaba on July 23, 2019, 09:22:34 PM

Quote from: kingpin4321 on July 23, 2019, 04:44:50 PM

Quote from: Ahiaba on July 23, 2019, 03:44:17 PM

Good knowledge of Forex trading will really help in trading crypto currency as both are almost similar. Buy and hold for a long time is not some time advisable ( though all depends your point of entry) because there some stock and crypto currency you will hold for a longer period and it will become worthless or become less in value as compared to when you bought them.

I also trade forex, it is most times helpful if you are a forex trader before coming into cryptocurrency trading, it'll aid you to get acquainted in taking risks and understanding how to trade without emotions

Long time trading is good for the bitcoin, it cannot become worthless or lose much value to make it that, but hodling ico coins or alts for so long is not advisable if you ask me, it always has the potential to crash.

Good to know that you are also a Forex trader like my humble self, I must confess that the experience of Forex trading has really helped me in trading crypto currency all this while. The long time hold that I mentioned in my submission was about stock and cryptocurrency which I didn't single out Bitcoin but what I really meant was altcoins.

Forex trading and bitcoin or cryptocurrency trading are the same things and why people see bitcoin different from forex trading is because of the way we are using it right now. Forex trading is a simultaneous exchange of to currencies and since bitcoin should be referred to as digital cash or internet money then when you are trading it with any of the major currency like USD, and the transactions are simultaneous, you are trading forex. However, because of the volatility, holding is still the best way as we should know that you can hold for the long term and make money from the market