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Title: How does bitcoin trading works? Post by: creepyjas on March 15, 2017, 04:59:21 PM This probably is a silly question, I am still a newb in terms of trading and other bitcoin related topics. How does it work?
Do I buy bitcoins from a seller with low price and sell it to people with a higher price? Did I get it right? Or my idea of trading is different? Title: Re: How does bitcoin trading works? Post by: audaciousbeing on March 15, 2017, 05:20:26 PM This probably is a silly question, I am still a newb in terms of trading and other bitcoin related topics. How does it work? Do I buy bitcoins from a seller with low price and sell it to people with a higher price? Did I get it right? Or my idea of trading is different? Since you have admitted that its a silly question, then there is no need for me to overflogged the matter. For you to be able to create a thread for this and even in this same section of the forum like this then it shows a level of understanding of how the forum works. But it would have been better if you just take a look at other threads and you get more than enough answers. Title: Re: How does bitcoin trading works? Post by: RodeoX on March 15, 2017, 05:30:55 PM This probably is a silly question, I am still a newb in terms of trading and other bitcoin related topics. How does it work? No man, that's a reasonable question. Do I buy bitcoins from a seller with low price and sell it to people with a higher price? Did I get it right? Or my idea of trading is different? You basically have it. To complicate thing a bit bitcoin is a global currency. So you might be buying in Yen and selling in Euro, but still a trade on valuation. Of course the price could srop 30% and you may have to wait years to see a profit. Bitcoin is not a stock or a bond and was not invented to trade like that. Many people have lost all their money trying to trade. Bitcoin is a currency and you can do very well without selling. I have never sold a bitcoin and yet I realize a fortune in saving just spending it. If all you do is trade it you have not yet seen the true power of bitcoin. Title: Re: How does bitcoin trading works? Post by: creepyjas on March 15, 2017, 05:43:34 PM Since you have admitted that its a silly question, then there is no need for me to overflogged the matter. For you to be able to create a thread for this and even in this same section of the forum like this then it shows a level of understanding of how the forum works. But it would have been better if you just take a look at other threads and you get more than enough answers. I asked because I was confused. I just thought that it is trading bitcoin with bitcoin. No man, that's a reasonable question. You basically have it. To complicate thing a bit bitcoin is a global currency. So you might be buying in Yen and selling in Euro, but still a trade on valuation. Of course the price could srop 30% and you may have to wait years to see a profit. Bitcoin is not a stock or a bond and was not invented to trade like that. Many people have lost all their money trying to trade. Bitcoin is a currency and you can do very well without selling. I have never sold a bitcoin and yet I realize a fortune in saving just spending it. If all you do is trade it you have not yet seen the true power of bitcoin. Thank you for explaining. I guess I was right with the buying / selling part, but with the addition of different world currencies. Locking this thread, since I got the answer. Thank you @RodeoX |