Trading of bitcoins is just the act of buying bitcoins at the lower price with the hope of selling it at the higher price to make profit, it is a short terms, saving it is just keeping it in your wallet for long-term investment , that is how I understand it.
Difference between trading and bitcoin savings
- Thread starter Noor khan
- Start date
saving bitcoins means you are either holding your bitcoins on your wallet, or on interesting bearing crypto banks like nexo. Trading means bying and sellin
Trading is very different from cryptocurrency saving. Saving is usually called hodling while trading is staking on a coin to rise and you take your profit almost immediately.
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I do not really know much about bitcoin trading but I think by trading you use the currency to buy stuffs when the price is low and sell when the price is high. While saving is just buying the bitcoin and leaving it in your wallet.
I'm trading thee Bitcoin, younger involved in the exchanging of you Bitcoin cryptocurrency assets toma other cryptocurrency asset. But in Bitcoin saving, you only get to buy and HODL the Bitcoin asset in your wallet
Trading bitcoins involves exchanging it or selling it to receive other cryptocurrencies or fiat money while bitcoins saving involves HODL of bitcoins in your wallet till there is a bullish run for you to make profits.
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Trading does with buying or selling a commodity. While Bitcoin savings has to do with saving in a Bitcoin wallet and that can depreciate anytime any moment.
Savings program is offered by Binance , flexible and fixed savings , they give you some profit for investing in their earning portal. Whereas trading is done by you analyzing the crypto price and selling at high.
yes so many people are trading now and making big money. i was thinking the same when the bitcoin value was at 64 k but i lost the chance to convert my satoshi into money.
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I believe a trader like you said gain more than a bitcoin saver, when you trade you get your money and your gain in due time , but when you save your bitcoin, you always decided to sell when the price of the bitcoin rises.
With trading the Bitcoin, you are actually engaging in the buying and selling of the cryptocurrency on the spot market while saving only mean you are just holding it in your wallet
Trading involves predicting market price of bitcoin with the hope of making immediate profits while savings involves buying and holding for long term profits. I personally believe that holding for months or even years is a better idea than trading.
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The two are different but the beauty about them is that they all bring profit. But if you are to choose one between the two then it depends on the one you prefer because trading bitcoin is require monitoring the market to make profit while saving is just buying it and then sell it when the price appreciated.
In trading, your capital can be doubled in a short time. While in saving, you will need to wait a certain period before you will see returns.
When you are saving Bitcoin it is for a long time because maybe for the period of five years or they build of 10 years but when you are trading, it is for short-term purpose.
When you are saving your cryptocurrency you are keeping it for the future hoping that it would rise and give you a very good return of investment while trading maybe for some days or even immediate.
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When you are saving your cryptocurrency you are keeping it for the future hoping that it would rise and give you a very good return of investment while trading maybe for some days or even immediate.
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The difference between the two lies with the aim of the user. A user that's targeting long term gain will try to focus more on saving ralther than trading which aims at short term goal.
For me the saving or holding the cryptocurrency long-term is different from trading. Holding cryptocurrency or saving cryptocurrency will take years before you sell the cryptocurrency. Trading can be done in seconds or minutes only.
Your notion on savings and trading bitcoin is not right. Saving bitcoin will never fetch you much money as it will when you trade it. Investment done with savings will bring in penny while trading can make you rich overnight.
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I think saving refers to storing coins in order to wait for the coins to rise at its peak levels. Trading refers to buying coin when the coin's value is low and sell it out right without waiting further.
Bitcoin savings is just leaving money aside in bitcoin wallet and watch it rise when price of bitcoin rises and vise versa while trading involves constant buying and selling the crypto market.
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