How do you trade?

wobber (OP)

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How do you trade?

April 16, 2011, 08:36:24 AM

I'm interested in this. Why people trade? Are there just newcomers that want bitcoins to spend, experiment a little and they buy? Or most of traders speculate the prices?
Or it's more like a game?

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BioMike

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Re: How do you trade?

April 16, 2011, 08:45:53 AM

I have a couple of reasons:

1) Pay for my VPS from kalyhost.
2) Buy bitcoins for people within my country who don't want to trade on an exchange. (bit of speculation in here, but not much)
3) Donate to projects/people who do something I value highly.

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Re: How do you trade?

April 16, 2011, 08:55:09 AM

Being based in China I dont really have assess to services outside, and it's difficult/annoying to try to send money abroad.

With bitcoin I've paid for a VPN, which allows me access to banned sites (Youtube, Facebook, Twitter, and now GMail).

I've formed a company with other bitcoin users to develope and launch a bitcoin stock exchange(launching next week).

I've paid developers, bought several domains, and two VPS's.

Bitcoin is really the best way to do business online, it's just the best. Hand down.

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grondilu

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Re: How do you trade?

April 16, 2011, 08:56:00 AM

In a perfectly rationnal world, people would sell currency A against currency B for one of these reasons:

- they want to buy something and the seller requires paiement in currency B ;
- they have just received currency A but they don't trust it as a store of value so they want to exchange against B ;

But in the real world most forex traders are just players who think they can fool all other traders by selling high and buying low and always increase their balance.

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