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Author Topic: What Is Bitcoin Trading and Why It's risky?  (Read 24845 times)
legendbtc
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February 02, 2017, 07:25:12 AM
 #241

Trading is simple, when the price is low it is time to buy it
and sell when the price is high.

For newbie these words seems to very simple because newbie thinks that bitcoin trading is very easy. Off course bitcoin trading is easy but you need patience when it come bitcoin trading. Some time the price will be very high you cannot able to buy them, so you need to be very active when comes to trading.

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February 02, 2017, 07:41:08 AM
 #242

Trading is simple, when the price is low it is time to buy it
and sell when the price is high.

For newbie these words seems to very simple because newbie thinks that bitcoin trading is very easy. Off course bitcoin trading is easy but you need patience when it come bitcoin trading. Some time the price will be very high you cannot able to buy them, so you need to be very active when comes to trading.
I think this only applies for long term trading. for day trading you don't need to wait for so long time to price increase.
and you can choose other currencies also. few altcoins are very volatile and give a lot of profit to traders. give them a try.














 

 

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February 02, 2017, 05:11:35 PM
 #243

Trading is simple, when the price is low it is time to buy it
and sell when the price is high.

For newbie these words seems to very simple because newbie thinks that bitcoin trading is very easy. Off course bitcoin trading is easy but you need patience when it come bitcoin trading. Some time the price will be very high you cannot able to buy them, so you need to be very active when comes to trading.

It's sounds like this trading activity just watch the chart for a long day, i would say it's not efficient. Better to learn how analyze fundamental and technical in trading, if you are already proficient you don't need to watch price movement for a long day, just makes a limit order to buy/sell.

Yes of course the patience is necessary to manage the risk, there's no free risk in any aspects, manage it will decreased the risk or even can be a profit.
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February 02, 2017, 05:29:30 PM
 #244

Simple definition of trading is to buy in a lower price and sell in higher price. Yes its risky if you don't have enough knowledge about how these things work. And in another way it can be risky is,you don't know when the price might fall.If the price fall from your buying pricee you can't get a profit. But this risk can be taken if you want a better amount of profit.Every business has risk.If there is no risk that cant be called business. Risk is the first step to achieve something bigger.  Cheesy
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February 02, 2017, 05:52:52 PM
 #245

Trading is simple, when the price is low it is time to buy it
and sell when the price is high.

For newbie these words seems to very simple because newbie thinks that bitcoin trading is very easy. Off course bitcoin trading is easy but you need patience when it come bitcoin trading. Some time the price will be very high you cannot able to buy them, so you need to be very active when comes to trading.

It's sounds like this trading activity just watch the chart for a long day, i would say it's not efficient. Better to learn how analyze fundamental and technical in trading, if you are already proficient you don't need to watch price movement for a long day, just makes a limit order to buy/sell.

Yes of course the patience is necessary to manage the risk, there's no free risk in any aspects, manage it will decreased the risk or even can be a profit.
yep that's basically what I do mostly. I don't have time most of the day to stare at the computer screen to watch how alt coin prices would move all day so I set a decent buy order first and then when that completes, same thing with selling. it doesn't matter to me if it may take days before I sell as long as it with the price that I preferred

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February 08, 2017, 08:55:43 AM
 #246

It is the place where you'll have to use your kills in trading together how to handle your emotions, strategy, analysis, and patience. Those mentioned must be implemented during trading in the platform though its risky in some other way, but no worries its normal in trading. Just focus on what you are doing in the place of platform.

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February 09, 2017, 02:59:13 PM
 #247

I think you also is interested in bitcoin trading. You know, bitcoin trading is an exchange of bitcoin into altcoins which you need to wait a several times to earn with it because you can only earn on it, depends on the swing of the altcoins or price movements.
Honestly, trading is very risky. It is also unpredictable job, you don't know when to earn on it because it doesn't have enough time.

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bravehearth0319
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February 14, 2017, 01:36:15 PM
 #248

Hello folks!

I'm thinking about starting to trade with Bitcoin, but I see people saying that It's risky & almost like gambling.

I think that I mis-understand the meaning of trading.

For me trading Is for EXAMPLE, buying Bitcoin when It's at 550$ and selling It when It's at 670$. This Isn't risky because If Its value doesn't Increase, you'll just have to keep It until It gets higher enough, Is this trading?

I would really appreciate If people clarified more! Thankx Wink
Your right with what your thinking, Trading is a place where you trade bitcoin or other altcoin on which will depend on you of how will be implement in the midst of doing trade in the exchange platform. Even you already loss stay on the game continue to old it until it increase again. And risky is just a part a trading, for to become more sharpen to become a good traders.

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February 14, 2017, 07:26:13 PM
 #249

This maybe the place where you can buy bitcoin or altcoin according to your like on which coin you think is more on swings in the trading platform, then you  do trade by simple principles of the traders at sell high, buy at low value.

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February 15, 2017, 02:41:33 AM
 #250

I can tell you why it's risky

it's because bitcoin is an experiement

if you go to bitcoin.org it says when your trying to run a node

however if it is riskier than penny stock i have no idea
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February 16, 2017, 07:41:20 PM
 #251

it's because bitcoin is an experiement
No, I guess it is not about trading bitcoins. But without doubts, bitcoin is relatively new project and still it is in experimental phase. But trading bitcoin is not dealing with this part of bitcoin and might be long term investors are just being warned about this phase of bitcoins, because their risks are more than a trader usually do take.

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February 17, 2017, 03:45:53 AM
 #252

Buying Bitcoin in general is risky because we don't know what the future holds for Bitcoin. Also, if you buy now with the plan of selling for a profit, you don't know if the price will drop to $500 tomorrow because of the volatility.

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February 17, 2017, 11:37:53 AM
 #253

Bitcoin trading is exchanging your bitcoin to any form of fiat like usd, jpy, etc. and vice versa. It is risky because bitcoin's price is very volatile. It can rise or drop for more than 1$ in just a single day. If you bought in a price that is too high it will be difficult for you to sell it at even in a higher price, it can take some months to sell it. A single negative news can affect the price of bitcoin which makes it to do bitcoin trading.

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February 17, 2017, 12:11:06 PM
 #254

Bitcoin trading is exchanging your bitcoin to any form of fiat like usd, jpy, etc. and vice versa. It is risky because bitcoin's price is very volatile. It can rise or drop for more than 1$ in just a single day. If you bought in a price that is too high it will be difficult for you to sell it at even in a higher price, it can take some months to sell it. A single negative news can affect the price of bitcoin which makes it to do bitcoin trading.
Actually, I see bitcoin's risk in trading as I seen the risk in forex trading. A single news can a affect one's currency. They are both risky. The problem why forex traders tend not to trade with Bitcoin is because, they can't predict what is the future if Bitcoin and since Bitcoin is a new currency that fiat currency.


 
 
 
 
 
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February 17, 2017, 01:05:13 PM
 #255

Buying Bitcoin in general is risky because we don't know what the future holds for Bitcoin. Also, if you buy now with the plan of selling for a profit, you don't know if the price will drop to $500 tomorrow because of the volatility.
Well i can say you are too pessimist. With high risk, we can also make big profit from buying bitcoin. Maybe bitcoin price will be increased to $2000 on tommorow because there is a big pump when we bought it. Who knows?

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February 17, 2017, 01:14:27 PM
 #256

WOW seems like when OP posted price was under $700 in another words if you'd bought 10000BTC back then at $550 and $700
lets take an average price like $650 and that would be $6.5M and now after 6 months you could sell them at $1000 that would've been $3.5M pure profit now tell me more about risks involved in bitcoin trading.

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grandy
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February 17, 2017, 02:15:36 PM
 #257

Buying Bitcoin in general is risky because we don't know what the future holds for Bitcoin. Also, if you buy now with the plan of selling for a profit, you don't know if the price will drop to $500 tomorrow because of the volatility.
yes no doubt about this that trading bitcoin is risky but in fact not only bitcoin trading but all types of trading are risky. adn we can only get profit if we will take the risk. without taking risk there is not profit in trading.



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cramcram21
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February 17, 2017, 03:56:16 PM
 #258

Well you are right about buying something at low price and selling it in high,
That is how trading goes but the only risky part is that you don't really know if the currency that you bought will really going to rise up.

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virusasog
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February 17, 2017, 06:28:44 PM
 #259

Well you are right about buying something at low price and selling it in high,
That is how trading goes but the only risky part is that you don't really know if the currency that you bought will really going to rise up.

What you mean to say here. All the people involves in trading is knows that bitcoin and its value. All the trades have possibility to fail also if you not fine with your trading skills. Always make sure using any site platform to sell or buy bitcoin and have escrow in all your trade to show your reliability and for your safety.
bitbob82
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February 17, 2017, 08:01:31 PM
 #260

Bitcoin trading is exchanging your bitcoin to any form of fiat like usd, jpy, etc. and vice versa. It is risky because bitcoin's price is very volatile. It can rise or drop for more than 1$ in just a single day. If you bought in a price that is too high it will be difficult for you to sell it at even in a higher price, it can take some months to sell it. A single negative news can affect the price of bitcoin which makes it to do bitcoin trading.
i think not only bitcoin trading but all types of trading are risky and there are always chance of losing money in trading. if we invest bitcoin in alt coins for making money it is called bitcoin trading, changing bitcoin in fiat or fiat in to bitcoin is called bitcoin trading.

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