Is this trading ?

[shawonngp]

Since you are doing both buying and selling, there is no doubt that it is trading. Many people think that if a coin is bought at a high price and sold at a low price, it is not considered trading; this is their wrong understanding. What you are doing is like a swing trade. But if you trade Bitcoin short term, you will never be profitable. BTC is for long term holders; if you can hold for a few years, it delivers very good results. Your trading method is wrong because you buy at a high price and panic sell when you see price dumping. I think this is a completely wrong approach.

[batang_bitcoin]

Many people think that if a coin is bought at a high price and sold at a low price, it is not considered trading; this is their wrong understanding. What you are doing is like a swing trade.

Losing from a trade is still a trading, I agree.

But if you trade Bitcoin short term, you will never be profitable. BTC is for long term holders;

It is for both, short term traders that can still be profitable in it. But it's more profitable if they're going to hold it and become long term holders. And that's for them to figure out if they're for the long term holding or they just want to ride the trends in the market.

[goldkingcoiner]

If I buy some amount of bitcoin and the target is to make profit from it. If the price of Bitcoin is going down and i convert my bitcoin to a stable coin and when bitcoin price is coming up again I convert the stable coin to bitcoin and monitoring the price of Bitcoin continues, can this be also considered as trading?

I had some amount of bitcoin, and had pans of converting it to a stable coin because I have no plan to hodl Bitcoin and Bitcoin price dropped, and since I have lose some amount of bitcoin in said I'm going  to wait and when the price increase again, then i will convert it to stable coin and  this is what happened at last.

Is this also trading?

That is basically exactly what trading means. To trade your asset/coin/car/whatever for something else and make a profit from that trade because you traded something that is more valuable (at the time) for something which has less value (at the time) and thereby make a profit.

But it is not as easy as it sounds. Most newbie traders make huge mistakes: panic-selling, panic-buying, not following your strategy, not having a strategy, trading derivatives or something else which could end up in a 100% loss, etc...

[Oshio-man]

Of course your thinking or planning is considered trading because you are always trying to make a profit from it. The way you are going, there is a possibility of losing your money. But I think it would be better for you to invest instead of trading because you may not have enough money to trade all the time.

As long nobody is forcing you to trade in the market, I don't think you will blame anybody for this kind situation because you can be making income from the daily trading if you are financially capable, when you have the knowledge of bitcoin trading it will keep you so long in income earning because the knowledge you acquire from the trading, and it will position you not to trade when you know it will not going to favour you than to exercise patient before you can trade to achieve what you want.

[Gladitorcomeback]

Yes, What you described is form of trading. Although is very sample method of trading , just convert BTC to stable coins but still you are making decisions according to market price movement to gain profit which is exactly called trading. Many traders using same approach for trading. You are not just holding coins like other who don't care about Market and have a specific duration for holding. You constantly moving in ad out according to market behavior. Many traders in volatile market doing same to rake advantage of Market volatility.

You should also be careful as your constantly buying and selling poses risk also. Timing Market is not as easy as we think and chancing of selling too early or buying back at higher price is possible. Improving consistency required a great discipline and clear plan which hopefully you will get with time.

[Dynamite++]

If I buy some amount of bitcoin and the target is to make profit from it. If the price of Bitcoin is going down and i convert my bitcoin to a stable coin and when bitcoin price is coming up again I convert the stable coin to bitcoin and monitoring the price of Bitcoin continues, can this be also considered as trading?

I had some amount of bitcoin, and had pans of converting it to a stable coin because I have no plan to hodl Bitcoin and Bitcoin price dropped, and since I have lose some amount of bitcoin in said I'm going  to wait and when the price increase again, then i will convert it to stable coin and  this is what happened at last.

Is this also trading?

In my perspective, Yes it is considered as trading. You see trading is just basically buying and selling, and the process of you converting your Bitcoin to a stable coin is just basically buying a stable coin with your Bitcoin, and when you convert it back to Bitcoin you're simply just selling your stable coin to buy bitcoin, and there you have it basic buying and selling. So yes What you're doing is trading.

[Gaza13]

If I buy some amount of bitcoin and the target is to make profit from it. If the price of Bitcoin is going down and i convert my bitcoin to a stable coin and when bitcoin price is coming up again I convert the stable coin to bitcoin and monitoring the price of Bitcoin continues, can this be also considered as trading?

I had some amount of bitcoin, and had pans of converting it to a stable coin because I have no plan to hodl Bitcoin and Bitcoin price dropped, and since I have lose some amount of bitcoin in said I'm going  to wait and when the price increase again, then i will convert it to stable coin and  this is what happened at last.

Is this also trading?

With the pattern or strategy model that you do above, technically of course the activity you do is trading. You buy and sell your bitcoin assets continuously and repeatedly in the market and also you take advantage of conditions or short or medium term price fluctuations. with your main goal hoping to profit from price changes in the market.  If you play short or medium term and don't like long term in spot method why you said above " If Bitcoin price goes down and I convert my Bitcoin to stablecoin " I can assume that if you follow this model, you'll lose a lot of money. It's precisely when the price is dropping or discounted that we should buy as much Bitcoin as we can, rather than converting to stablecoins. and we just wait a little while for the increase to arrive before we sell it, I think the concept you applied above is quite scary and will have a bad impact on your finances in the future.

[MarjorieZimmermanGinger]

I had some amount of bitcoin, and had pans of converting it to a stable coin because I have no plan to hodl Bitcoin and Bitcoin price dropped, and since I have lose some amount of bitcoin in said I'm going  to wait and when the price increase again, then i will convert it to stable coin and  this is what happened at last.

Is this also trading?

When you don't hold Bitcoin and don't hold it long-term, it can be considered trading, but it's probably more of a short-term trading strategy with a set timeframe. Trading also has several categories, such as daily, weekly, or monthly trading, depending on your specific strategy. It's actually quite simple, as people generally don't trade and they prefer to hold for a set period of time based on their own holding capacity.

But it will be difficult to achieve profitable trading potential if you don't have complete knowledge. Why choose to convert to stablecoins when holding Bitcoin can be much more profitable as long as you have the ability to regularly buy Bitcoin using the available methods, as many people utilize.

[Awaklara]

But it will be difficult to achieve profitable trading potential if you don't have complete knowledge. Why choose to convert to stablecoins when holding Bitcoin can be much more profitable as long as you have the ability to regularly buy Bitcoin using the available methods, as many people utilize.

I think he was just trying to cover the losses from a previous Bitcoin purchase that had decreased in price. I think if he carefully calculated and considered the sales margin and purchase price as well as future target selling price plans, he might be able to cover the previous losses. Short-term trading strategies really depend on the timing of when we enter and sell. If missed, what happens is holding Bitcoin until the target price is reached.

[WhoYouCantKill]

We have basically two types of trading, we have the spot trading and the futures trading. What you’re doing can be classified under spot, so yes converting your bitcoin to a stable coin with an intention of still converting it back to bitcoin with the primary aim of making profit in the short term is a clear example of what trading looks like. I hope that answers your question.

[gunhell16]

If I buy some amount of bitcoin and the target is to make profit from it. If the price of Bitcoin is going down and i convert my bitcoin to a stable coin and when bitcoin price is coming up again I convert the stable coin to bitcoin and monitoring the price of Bitcoin continues, can this be also considered as trading?

I had some amount of bitcoin, and had pans of converting it to a stable coin because I have no plan to hodl Bitcoin and Bitcoin price dropped, and since I have lose some amount of bitcoin in said I'm going  to wait and when the price increase again, then i will convert it to stable coin and  this is what happened at last.

Is this also trading?

Maybe the literal answer is yes, that's how the concept of trading comes into play, but the profit that can be obtained from trading is something that is not easy to maintain in the crypto market, because usually other crypto traders only get profit when they put themselves in the position of long-term holders.

Though it is volatile, in the long term, investors usually get decent profit here in Bitcoin. It is also proven and tested because it is really in the industry we are in here. But it is not easy to be profitable here in this crypto trading business industry.