Difference between trading and bitcoin savings

[Kelly5]

Be it scalping or swing tradingng or whatever, you are trading. But if you're just keeping your Bitcoin in the hopes that it will appreciate in value over a time period, you're saving

 

[Cash%]

Trading and bitcoin saving are two different things ,when trading you cab easily earn profit and loss from it. But savings you earn only profit

 

[Smiles20]

Trading of bitcoin involves strategies you have out in place that allows you to earn with fluctuations in price of these assets. If you hold bitcoin you do not touch it so you just leave it with the hope it appreciates on the long run for you to make profits.

 

[GIFTMICHAEL]

With my little understanding, I'll say trading simply means putting the money up and predicting the next move of the coins within specific duration of time. While savings simply means holding it for anytime you want till improvement comes through it.

 

[tyrim88]

The two option of saving and trading of bitcoin will actually rage in profit if you engage in it.
But due to the trand and the unregulated nature of the bitcoin market,i would on my opted to save it and sell later because the price is usually up.

 

[Ayokex]

There are various reasons people buy coins in their wallet. One of the reasons is to trade with it to make an instant profit while other reason is to but and keep for a long time either with the aim of selling it when the value increases or to use it to purchase something Online.

 

[Adebola]

The difference between trading bitcoin and saving bitcoin is in the duration. Trading is investing for a short term profit while saving involves keeping for a long term profit

 

[Fizzy_boi]

Actually Bitcoin business is also an aid to trade you have to earn ,gain profits and sometimes you loose money and those are the things involved in doing business.

 

[Hopey]

A bitcoin trader invests on bitcoin hoping to make profit over a short period of time while saving bitcoin is buying of bitcoin to reseller when the value is increase it might take a very long time

 

[Ziki]

there are strategy in bitcoin trading that can make a trader earn more on a regular basis than holding to coin a settling for an overall percentage increase.

 

[Kingsley]

Trading as we all know is buying and selling whether goods or services or even both, but bitcoin is a crypto currency or do i say a digital currency which can be bought and sold whenever the investors thinks it will be favourable to do so. bitcoin is just a type of crypto currency.

 

[Erik4150]

Bitcoin trading is when you buy bitcoin when it dips in price and sell it when the price rises again. But when you are saving bitcoin you don't sell it at all unless you have to.

 

[Pear]

Saving bitcoin is equivalent to our normal banking activity. The way we save money in the bank while trading bitcoin is just like the way we trade on forex

 

[Hopey]

Trading involves opening of long and short position for the commodity or the crypto currency while saving is keeping a coin till it has increased in its value

 

[Bookwormlux]

By now most people who have been holding their coins must have been tired already and have sold because they have made more than enough profits already.

 

[Good-Person]

Cryptocurrency trading refers to buying and selling cryptocurrency for a high price. You can sign-up for a lot of cryptocurrency trading websites and buy and sell cryptocurrency there. On the other hand, cryptocurrency saving refer to the act of saving cryptocurrency and waiting for its value to get high and make profits out of it. I think this is the main difference.

 

[Justin]

When you trade, you are constantly buying and selling. You buy when price drops and sell when price goes high. saving means you buy bitcoins and hold on your wallet for a long term.

 

[IamDozzy]

Your analysis may be right but there are some coins that are good for trading while some are good for saving. The person who traded bitcoins as at last April would have gained much if he traded it in last year June or even now.

That's right, can you kindly like the coins that are suitable for trading and the ones suitable for hodling. An accurate list would be appreciated.
[automerge]1620082209[/automerge]

Your analysis may be right but there are some coins that are good for trading while some are good for saving. The person who traded bitcoins as at last April would have gained much if he traded it in last year June or even now.

That's right, can you kindly like the coins that are suitable for trading and the ones suitable for hodling. An accurate list would be appreciated.

 

[Chibson]

Trading is quite different from Bitcoin saving or hodling. Trading is taking your profit when it meets your profit target. Trading can be daily or even monthly. Saving Bitcoin means you are holding it for a very long time.

 

[Spicywilfred]

Saving and trading bitcoin is actually equal now a days as you said. People actually prefer saving and waiting for high rise before selling for a better profit.