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Title: Why to trade Cryptocurrencies and not just buy them? Post by: Raffy11 on November 23, 2017, 05:17:37 AM Because it is super fast to start trading cryptocurrencies with online trading brokers. In a matter of couple of hours you will have the ability to start buy and sell your cryptocurrencies, therefor making this option the best one when it comes to catch the current wave in order to try to profit from it.
The most basic way to profit from anything is to buy it cheap and sell in a higher price, therefor, making a profit. Alternatively, you can do the opposite, sell first when the price is high and buy it later when it become cheaper and again, make a profit. Title: Re: Why to trade Cryptocurrencies and not just buy them? Post by: steadyrice on November 23, 2017, 05:25:22 AM Well how can you trade cryptocurrencies without buying them first? Anyways, especially for cryptocurrencies I think day trading is not that viable, due to the volatility of the prices and high transaction fees. Buying and waiting, i.e. investing is a way more viable solution in my opinion.
Title: Re: Why to trade Cryptocurrencies and not just buy them? Post by: vandvl on November 23, 2017, 05:42:45 AM ithink buy them is like a trading to.. like what you said.. before to start in trading you can buy it too.
Title: Re: Why to trade Cryptocurrencies and not just buy them? Post by: pooya87 on November 23, 2017, 05:52:37 AM Because it is super fast to start trading cryptocurrencies with online trading brokers. In a matter of couple of hours you will have the ability to start buy and sell your cryptocurrencies, therefor making this option the best one when it comes to catch the current wave in order to try to profit from it. for someone who already has bitcoin and wants to start altcoin trading, if they choose platforms that don't ask for verification it will be instant. you just sign up, make a deposit (which may take 20-30 minutes) and then start trading.for someone who doesn't have bitcoin or wants to use platforms that ask for verification it is not fast at all. it can take days even weeks before some of these exchanges verify your account, then it will take time to deposit fiat to dump for bitcoin and then start trading. Quote The most basic way to profit from anything is to buy it cheap and sell in a higher price, therefor, making a profit. Alternatively, you can do the opposite, sell first when the price is high and buy it later when it become cheaper and again, make a profit. it is easier said than done. what is low and what is high? you can never tell easily. you may sell thinking it is high and price goes higher, you may buy when you think it is low and price crashes further and when it comes to altcoins this becomes a pretty common thing. Title: Re: Why to trade Cryptocurrencies and not just buy them? Post by: SysFailure0x5a on November 23, 2017, 06:08:31 AM Because it is super fast to start trading cryptocurrencies with online trading brokers. In a matter of couple of hours you will have the ability to start buy and sell your cryptocurrencies, therefor making this option the best one when it comes to catch the current wave in order to try to profit from it. The most basic way to profit from anything is to buy it cheap and sell in a higher price, therefor, making a profit. Alternatively, you can do the opposite, sell first when the price is high and buy it later when it become cheaper and again, make a profit. Well, a little of both really. Buy and hold certain coins. Buy and trade others. Personally, I don't trade crypto currencies directly. I trade Forex with Bitcoin on Whaleclub (https://whaleclub.co/join/GZRFCR) https://whaleclub.co/join/GZRFCR You can check them out with that ^ link. They have demo trading which allows you to practice trade with fake bitcoin. Title: Re: Why to trade Cryptocurrencies and not just buy them? Post by: TheCoinFinder on November 23, 2017, 06:42:13 AM Well, how can a person trade cryptocurrencies without buying them? In order to trade, you must first obtain cryptocurrency.
The procedure you are suggesting about the best course in crypto trading, is same what everybody applies while trading. It is also true that some people don't have patience and they sell before right time. |