Difference between trading and bitcoin savings

[Kingsley]

Trading bitcoin or crytocurrency in general has to do with buy and selling cryto or bitcoin when the market appreciate and depreciate so you buy when it depreciate and sell when it appreciates if you are a short-term trader. But in saving wallet, you will have to keep the money in the wallet and receive some certain percentage as profit.

 

[Dowenship]

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.

Hmm....... I don't think is ideal comparing trading and savings of altcoin the same way. You can make millions in a min and also lose more in that same min trading as high profit and high loss. But saving ass little risk, its just that most people saving are always panicking when bitcoin is dropping

 

[Shigobad2020]

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.

When you trade bitcoin it can be for a long or short time or for a specific purpose , and you can gain more or lose at the end but when you hold bitcoin it means you are saving it for future purposes , thou there will be interest on it for saving, but you gain more when investing than saving.

 

[Suba]

Trade means buying and selling Bitcoin can always be done regularly either daily or weekly so transactions often occur, trading is getting a smaller profit than investment but they earn every day, while saving or investing in Bitcoin is made buying cheap Bitcoin prices can also be done by saving money. gradually, namely buying Bitcoin every month and saving or investing Bitcoin will sell Bitcoin at a price approaching the peak point.

 

[ahmedo24]

Trade means buying and selling Bitcoin can always be done regularly either daily or weekly so transactions often occur, trading is getting a smaller profit than investment but they earn every day, while saving or investing in Bitcoin is made buying cheap Bitcoin prices can also be done by saving money. gradually, namely buying Bitcoin every month and saving or investing Bitcoin will sell Bitcoin at a price approaching the peak point.

Your explanation is genuine my friend, people that do trading rely on accumulating small profit to get bigger reward while investing require patience for a bulky reward. The choice is dependent on individual.

 

[Sincerem]

Trading bitcoin or crytocurrency in general has to do with buy and selling cryto or bitcoin when the market appreciate and depreciate so you buy when it depreciate and sell when it appreciates if you are a short-term trader. But in saving wallet, you will have to keep the money in the wallet and receive some certain percentage as profit.

Through coinmarketcap, i get the information i needed to know when picking out 3 potential coins to invest in, and make better profit from it over time.

 

[Jumoke12]

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.

Trading and saving are different. You incur no risk when you save your bitcoin. But there's high risk when you trade

 

[Niftyyem]

Both would yield profits but the level of expertise do differ. For trading bitcoin, you need to have the knowledge and some other skills of analyzing the markets correctly which are not necessarily needed in hodling the coin .

 

[Richard92]

Bitcoin trading involves buying and selling while Bitcoin saving involves storing the the Bitcoin for a long time before selling.

 

[Victor72]

Trading and selling bitcoin are not the same, trading can be defined as buying and selling, why bitcoin is an investment but also similar to trading

 

[Victor001]

Do you know if you trade on Bitcoin you tend to eat more compared to holding Bitcoin, trading seems to be easy because you are running with the trend and cashing out at very slight opportunity.

 

[Damscooguns73]

Concerning the difference between saving and trading Bitcoin. Well, I believe both are of the purpose of making more money and profit, though one of the methods may bring in more money at a point in time to the other method and there are also some coin that are better trading than saving and vise versa, so it depends on the individual to making decisions of how it is going to be

 

[Samuel77]

Trading can be defined as buying and selling of goods, but bitcoin can be seeing as an investment and at the same time a process of buying and selling

 

[Muhammadawais]

Having a large amount of liquidity enables buyers to buy more without driving up the price. To hit a large market cap, all profitable markets need a lot of liquidity.

Post automatically merged: Apr 18, 2021

Having a large amount of liquidity enables buyers to buy more without driving up the price. To hit a large market cap, all profitable markets need a lot of liquidity.

 

[Dowenship]

Hmm.... We shouldn't compare this two because after an investor reap his/her investment he doesn't have knowledge about the market whereas at the time he cashed out the price is high....it will be difficult for then to invest back because the price now higher....

 

[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.

Trading and saving bitcoin are different. Trading deal with buying and selling, savings deals with keeping your coin and sell it when it rises in price later.

 

[Doradorwa]

Not all coin are good for saving...some should be traded away right immediately because the price is not stable and they flatuate.

Post automatically merged: Apr 20, 2021

Saving and trading sometimes yield better profits and it's better to trade when you've accumulate a bit of profits on cryptocurrency especially bitcoin to avoid loss.

 

[Samuel77]

Trading is the buying and selling of products from one place to another why Bitcoin saving is the process where by investing money in a business for future use

 

[Bookwormlux]

I am more of an investor who is interested in holding till when prices go up, but it's not easy because sometimes u get urgent needs that make me sell at low rates.

 

[Victor72]

Trading is an act of buying and selling but Bitcoin saving can be an act of as saving cryptocurrency for future purpose or for investment