Post
Topic
Board Bitcoin Discussion
Re: Is it better to invest or trade Bitcoin?
by
LesterD
on 28/10/2023, 01:42:20 UTC
Investing is long-term and involves low risk

First, simply investing isn't "low risk" but rather involves lower risk when compared to trading. However, both of them work just fine. One main advantage of simply investing rather than trading is that you don't need any special knowledge, all you need to do is make the purchase. But on the other hand, not only do you need to have knowledge of trading, you have to be good at it and be able to make your own call. So, if you have the knowledge to trade, give it a shot to see how good you are. If it's not so good, you can learn more or stick to simply investing.
Aside from knowledge of trading, you also need to have more experience. Even if you have enough knowledge, you can't simply gain profit by only that.
But yes, if he's unsure what to choose between trading or investing, give it a try to experience what he prefers. Once he tries, he will know what is better for him.