sann111 (OP)
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December 17, 2017, 01:11:42 AM |
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Does stock trading work the same way as bitcoin trading?
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Nerman
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December 17, 2017, 02:50:43 AM |
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Does stock trading work the same way as bitcoin trading?
Well it is more similar with FOREX since they are both currency, But if you are already trading stock it will be easier for you to learn how to trade currency. You might already know the basic of trading and if you already know how to read charts it will be a plus for you. Also you can see right away the difference on their volatility. In crypto currency trading prices goes up and goes down instantly while on stocks sometimes you need to wait for days and some cases weeks or months to get a decent profit. In stocks I usually use a daily and weekly view but in crypto currency a weekly view is comparably a year in stock charts.
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richcorner100
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https://exip.live/
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December 18, 2017, 03:38:37 AM |
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I think yes but the volatilitas of each market is very different, the volatility of crypto will be higher than stock so bitcoin trading is high profit with higher risk than stock. And in Bitcoin trading sometimes the technical analysis does not work.
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pooya87
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December 18, 2017, 05:07:43 AM |
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Does stock trading work the same way as bitcoin trading?
yes and no. the basics are the same. you do some analysis and then buy low and sell high and pay fees and taxes and everything in between. but when talking about stocks, you are dealing with a company, you can research it much easier and because it has been years and years that many companies existed and their shares were traded, things are not that unpredictable. but bitcoin is new, and it is on the way to adoption. it is still pretty similar to a new company (imagine Apple in early years) that is going to the moon. but it is still more unpredictable because it is new.
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VitKoyn
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December 18, 2017, 05:15:30 AM |
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Does stock trading work the same way as bitcoin trading?
Stocks and cryptocurrency trading are almost the same, when you do technical analysis you do it the same so if you have experiences trading in stocks it would be easy for you to trade in cryptocurrencies but there are also some difference between them, like cryptocurrency market is more volatile compared to stocks (more risk but possible to get more profit), stock market is regulated by centralized authority while cryptocurrency market is decentralized and not/less regulated that is why cryptocurrencies price depends mostly on demand and supply. Fundamental analysis is not applicable in cryptocurrency.
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Vit83
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December 18, 2017, 07:50:46 AM |
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Not the same, there are a lot of chaotic pumps without new or long before news (U have to fight fomo and not buy the high). No rules at all. On good news (MCO few days ago -30 % in few minutes) everything can be dumped) But growing market will forgive u a lot of mistakes.
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Pursuer
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Where is my ring of blades...
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December 18, 2017, 08:34:49 AM |
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I think it is safe to say that the whole idea of it is exactly the same. you invest in things that have potential while they are cheap and sell them when they reach their potential for profit.
but the biggest difference that I can think of is the size of the market and also the level of manipulation which may partly be because it is an unregulated market and also be partly because most of the altcoins are heavily centralized and a couple of entities like the devs or some big whale controls majority of that altcoin. so you see lots of pump and dumps in altcoins that you never see anywhere else in the world. and this is a big difference which can be both good and bad because manipulations are unpredictable but also they are most profitable.
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Only Bitcoin
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P2Pfinder
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December 18, 2017, 08:42:10 AM |
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Stok trading is easyiest and more prevedible than bitcoin trading, but less profitable too.
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charlotte04
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December 18, 2017, 08:46:24 AM |
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Does stock trading work the same way as bitcoin trading?
Very, but it is kinda volatile. Well, trading can be a little bit tricky in crypto rather in stocks. But we are talking about charts, it is pretty well the same.
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crzy
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December 18, 2017, 08:58:36 AM |
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Does stock trading work the same way as bitcoin trading?
Same concepts but different market and different risk. I can say that it is more volatile here in cryptoworld but it is more profitable compare to stocks. Stocks are the established business, it is good to have it and it cryptoworld you are just supporting the project that you think will succeed, I am talking about the ICO. I trade in stocks before but since I know bitcoin already I spend more time now here.
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suzanne5223
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December 18, 2017, 09:35:31 AM |
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Does stock trading work the same way as bitcoin trading?
They sortof work in the same way but different either because they both have one simillar thing which reading of chart to study price movement and in bitcoin trading experience/knowledge matter sometime in other to make a successful trade.
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iamTom123
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December 18, 2017, 09:38:33 AM |
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Does stock trading work the same way as bitcoin trading?
There are similarities but also differences. of course, we know that Bitcoin is really different in many aspects and there are times when Bitcoin can be a renegade making it a little bit harder to predict and project. Plus we are aware of the big volatility spread in Bitcoin sometimes getting into as high as 30% which can be so disastrous if you are dealing with stocks. Both type of trading are influence by many factors and sometimes even with baseless rumors and opinions of other people. As of now, Bitcoin trading if done right can be more lucrative compared to trading stocks or even with forex that is there are now many trading site already offering all of these options to their clients.
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bravehearth0319
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December 18, 2017, 03:59:24 PM |
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Does stock trading work the same way as bitcoin trading?
I think they are not the same with the stock, because in bitcoin trading or altcoin trading is much more higher chances to give profit compare into stock trading because of its volatility it has.
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Cvontyua74
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December 18, 2017, 04:13:41 PM |
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I used to work in stock but no more, since stock price move slow and required lots of trade day to get profit.
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AK47-
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December 18, 2017, 04:41:24 PM |
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Does stock trading work the same way as bitcoin trading?
In terms of chart analysis, yes. In terms of market movement, no. There are huge number of teen investors/traders who trade on emotions. Bitcoin price movement hugely dictates the altcoin price. Usually, alts suffer when Bitcoin pumps or dumps and tend to grow when Bitcoin is stable. Bitcoin price movement can easily ruin the altcoin price action. Stocks price action is dependent upon company's growth and revenue. But in altcoins, there are bulk hodlers who runs the market according to their will which isn't that common in stocks. Pumps and dumps aren't illegal as in stocks because of lack of regulations. Market is highly immature. I would say, trade cautiously.
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crairezx20
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December 18, 2017, 04:41:32 PM |
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It would be the same as stock trading but the difference is if you trade in cryptocurrency the movement of the price is more higher than the stock market.. And like the other said of you know how to trade in stock market you know how to trade in bitcoin if you know the basic "buy low, Sell High" And you can make a large amount of profit with small deposit if you go trading in cryptocurrency..
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90nairdla
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December 18, 2017, 04:47:29 PM |
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Does stock trading work the same way as bitcoin trading?
In some cases they are same, when you are dealing with stocks you usually wait to get profit like in bitcoin trading you also need to have a patience to get profit. The only difference between them is the time. Usually in bitcoin trading you can earn in just week or months but in stock trading it takes a half of year or more to get profit. The problem is bitcoin trading is more riskier than stock trading.
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pugi2
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December 18, 2017, 04:53:17 PM |
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Does stock trading work the same way as bitcoin trading?
Well it is more similar with FOREX since they are both currency, But if you are already trading stock it will be easier for you to learn how to trade currency. You might already know the basic of trading and if you already know how to read charts it will be a plus for you. Also you can see right away the difference on their volatility. In crypto currency trading prices goes up and goes down instantly while on stocks sometimes you need to wait for days and some cases weeks or months to get a decent profit. In stocks I usually use a daily and weekly view but in crypto currency a weekly view is comparably a year in stock charts. It is easier to learn cryptocurrency trading when you already know how trading in stock, like you said. I think all the same. We get profit when the price goes up. But just volatility of crypto is higher.
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lelou
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December 18, 2017, 05:02:56 PM |
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I've tried stocks and it's somehow easier than trading in cryptos. Crypto prices is more unstable but more profitable than stocks.
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rizkyhiw
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December 18, 2017, 06:21:45 PM |
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I've tried stocks and it's somehow easier than trading in cryptos. Crypto prices is more unstable but more profitable than stocks.
It's because stocks are more stable because it is a fiat trade, Very much different from what is done through crypto trading. Prices that tend to fluctuate, even we can not predict. But provide a far greater advantage of the profits earned from the stock.
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