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Which do you prefer trading in Bitcoin or investing in it.


Kate

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Posted

Maybe we will disappoint you a little, but we do not have a definite recipe to invest in cryptocurrencies or trade them on the exchange. It all depends on you.

If you have been trading Forex for a long time, you are not afraid of charts and quotes, you know the rules of money management and how to use them, control your emotions and don’t panic at the minus that an open trade gives - it makes sense to try your hand at trading on cryptocurrency exchange. Naturally, cryptocurrency trading has many nuances that distinguish it from traditional Forex trading, which will definitely need to be studied.

If you have enough patience and not enough time to trade on the cryptocurrency exchange, then one of the investment options is more suitable for you.

However, it’s unlikely that you can’t just buy cryptocurrency or some tokens on an ICO and sit waiting for profits. For a competent investment, you also have to gain certain knowledge in the field of cryptocurrencies, so as not to go “to the whole cutlet” in the ICO, giving your money to scammers. In addition, you need to be prepared for losses. The cryptocurrency market is far from stabilization and, most likely, serious shakes are still waiting for it. For this reason, deep drawdowns are quite possible, which, however, does not always mean getting a final loss.

We believe that the best option would be "do not put all your eggs in one basket." In other words, for some of the money you can buy cryptocurrency for the long term, counting on its growth, another part can be used to buy tokens on the ICO, and another part can be used for trading on the exchange. But the final choice, whether to trade cryptocurrency on the stock exchange or invest in it, of course, remains with you.

Posted
On 8/9/2019 at 1:38 PM, Kate said:

We all like to earn profits it either by doing some business that serves customers what they need. Or sometimes it is through investment or trading of crypto currencies mainly for us crypto enthusiasts.

But i wanted to ask you all which do you prefer better : Trading bitcoin or Investment in Bitcoin ?

Well for me to be honest i would prefer investment trading is just too much work and also a lot of hassle to make some money of it and you cant take a break from it most of the time and is just like a prison jail work i believe so but higher profits from trading tho.

I would say trade. But why drop the idea of holding?

Make the final profit of your trade to make more bitcoins to hold ;)

Exchange your btc to other crypto, then when that crypto rises up, sell it to acquire more btc! 

This way you can take advantage of both the rise!

Posted

I prefer investing in the long-term trading on the exchange. I tried to trade, but I realized that it was not for me: it takes a lot of time, burns a lot of emotions, and besides, cryptocurrency is a very volatile and poorly predictable asset.

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