All of us who are involved in cryptocurrency have heard and know to some extent about investing and trading.But I know that there are risks in investing and trading.To do these you need to know some basic things and gain experience.The main difference between investing and trading is the investment period, methodology, risk-taking propensity. Whether you are an investor or a trader depends on your financial needs and investment goals. Investing is long-term and involves low risk, while trading is short-term and involves high risk. Both methods can be profitable if the right strategy is adopted.
Which one is better if I want to invest and trade bitcoins.
Buying bitcoin and keeping it to get profit and trading bitcoin to get profits are both exclusive and need careful attention.
To hold, you need to,understand when to buy and when you successfully buy, you also need a good wallet to keep it, don't keep a single dollar worth of your bitcoin on the exchange because we have heard stories of how exchange run off with customers money and also seize their funds. After moving everything to your wallet, the next thing you need is patient, this part is very necessary because when you hold, you will see how the price fluctuate and if you have weak mind, you will chicken out and sell everything at loss.
To be a trader, you need to first gain th knowledge of trading, even if you don't go far, you need the basic intellect of trading and then you can start trading but don't use your money, test it first with a demo account to see how you have mastered training. You can continue to do that until you master everything and become a legend in trading.