Difference between trading and bitcoin savings

[Felixko]

bitcoin trading involves a lot of risks taken by the trader. this implies that, the trader can lose all the coins been used to trade or the trader can easily gain a profit from it. where as saving does not involves a lot of risks taking. this means that, the bitcoin is been save in the person's account till the time that there is increase in the price of bitcoin for the person to sell.

 

[Mawome]

The difference is not far fetched. Buying and selling Bitcoin or anyother coin is the fastest way of making money online a fast as you can, it's called trading, FX is the platform where people perform business and is deferent from buying and saving Bitcoin in your wallet,

 

[Shigobad2020]

Trading bitcoin is a business that allows customers to trade crypto currency for other valuable asset like fiat or while bitcoin saving is the process where you keep your crypto currency in your Bitcoin account and get some certain percentage at the end of the week, month.

 

[Princeeffiong]

Trading Bitcoin and saving Bitcoin is one of the fastest and easiest way to acquire Bitcoin. It's not all platforms that supports trading saving Bitcoin at the same time on their platform. Saving of Bitcoin is done through mining of crypto currency.

 

[Samson19]

Investing usually means smaller short-term wins, but also fewer severe losses. If you're comfortable with the risks, trading with a portion of your money can be enjoyable and could lead to profits. If reducing risk and exposure to volatility are your main goals, then you'll want to stick with long-term investing.

 

[Shivay]

There is a big difference between both of them . Trading is like Die or live for your money because you change it into different cryptocurrencies and in savings it depends on the price of that particular cryptocurrency.

 

[Ralphjoe]

Bitcoin trading has to do with buying and selling of Bitcoin and buying of it at a profit while Bitcoin saving is the act of buying Bitcoin and leaving it in your wallet for it to either starts increasing or decreasing in value with time. For immediate profits, Bitcoin trading is the best option for it while for future profits, Bitcoin saving is the best platform.

 

[Adasun]

Saving is for low risk takers,and like every low risk venture, earning largely might not be guaranteed.trading is more risky but you might earn large if you know you onion.choose wisely.

 

[ahmedo24]

Saving is for low risk takers,and like every low risk venture, earning largely might not be guaranteed.trading is more risky but you might earn large if you know you onion.choose wisely.

You're absolutely right and I think the level of success in both cryptocurrency savings and trading depends on the level of risk you are willing to take and how informed you are about the cryptocurrencies you want to save or trade.

 

[Akinwale701]

well now a days trading is going on the top through saving bitcoins as well. The competition between saving bitcoin and trading is equal now a days. If we save bitcoins and sell at the time of higher price in the market of bitcoins then we will gain much more profit then we sell them at the time of low Price in market. Trading and saving bitcoin is equal now a days.

Saving and trading are both two different business terms. Saving comes with less Risks than trading, when you save there is nothing to worry about but when you trade, you can either make profits or losses. And this also applies to bitcoin as well.

 

[Ehizzy1]

Well i think i would actually prefer day trading because you could actually make profit from the small increase in the coin i think , so day trading is actually more prefferable for me before i start talking and investing on long term trade

 

[Oluwasube]

well now a days trading is going on the top through saving bitcoins as well. The competition between saving bitcoin and trading is equal now a days. If we save bitcoins and sell at the time of higher price in the market of bitcoins then we will gain much more profit then we sell them at the time of low Price in market. Trading and saving bitcoin is equal now a days.

If trading and saving if bitcoin would yield the same profit as you have said, i don't see any reason why one should trade the bitcoin in as much there is not risk attached to saving it apart from the rising and falling of the price. Whereas, trading bitcoin may be dangerous because of the risk of losing everything into it.

 

[Nurudeen]

Yes I agree with the ascertion now that saving Bitcoin for long term is very good than trading it and there is really no much difference in the two and trading can even let one lose a lot of money if one is not good with technical analysis of the system

 

[Mostee501]

When you trade your bitcoin and you are successful and you add it to your savings,it increases your savings in the bitcoin platform but if you just save your bitcoin without trading it,you'll have to wait for the bitcoin market to rise in order to make profits.

 

[Josemendez]

Trading involves either short term or long term . Some traders prefers to trade for short term profit thereby selling their coin at each significant rise in price whereas some sells their own after long term holdl. One can say that bitcoin Saving is similar to long term trading .

 

[Sincerem]

Trading means combining different coins to predict its outcome with in some period of time. We have various types of trading, we have futures, on spot trading. It depends on the one suitable to you. Saving also means holdl, you can hold it for some time to enjoy future benefits when the coin increases.

 

[Shigobad2020]

The difference between trading and saving bitcoin is that you can sell your coin in exchange for something else or buying and selling your crypto currency while saving bitcoin means that the bitcoin will remain in your wallet account and it will be accumulating there, saving is quite safer than trading bitcoin, but trading gives more return than saving.

 

[Chumzy]

you can hold or trade a coin and it all depends on your preference or what you want to do. holding coin will mean you buying and leaving it domant for the value to rise or fall. trading is an attempt to make profit by exchanging currency pair to take advantage of rise and falls.

 

[Menky]

Trading is the act of buying and selling for the purpose of profit. The difference between trading bitcoin and saving bitcoin is that trading can either be long or short while saving is just storing it for future usefulness

 

[Sincerem]

Trading is the act of buying and selling for the purpose of profit. The difference between trading bitcoin and saving bitcoin is that trading can either be long or short while saving is just storing it for future usefulness

Yeah, but the buying and selling takes place in a specific duration of time, why saving is simply holding the coin to gain value.