Difference between trading and bitcoin savings

[Alexandoy]

Maybe I can agree that saving and trading of Bitcoin are closely related because when you buy you have the intention to sell otherwise you cannot eat the digital coin, it is intangible and imaginary. When you say you save Bitcoin that is for sure biding time until the price hits your desired number. When that happens you will sell it.

 

[Kingsley]

Trading in crypto currencies can be done by buying any kind of coin so litecoin, bitcoin, Etherum, and the likes, now it is naturally wise to buy when the prices are low and sell at your target price or when it rises. But bitcoin saving helps to store up and necessarily trading.

 

[Chibson]

Trading Bitcoin and hodling Bitcoin is quite different. You can trade bitcoin on daily basis and take out your profit but if you want to hold it you must be very patient for like some years before you can be able to gain a lot of money from your investment.

 

[eLdavis]

Trading means you are constantly active in the market dealing with Pairs, the rise and low of the price is not much of your issue but holding means buying at a low price then waiting no matter how long it takes to sell at a higher price

 

[Bookwormlux]

Crypto Currencies are volatile so I prefer savings in stable coins like Usdt. It gives me peace of mind more than other crypto currencies that could drop anytime.

 

[Senator]

When you trade cryptocurrencies, you are doing the actual buying and selling of your cryptocurrencies assets. But when you save your cryptocurrencies asseya, you buy that particular cryptocurrency and hold it there for as long as you want to

 

[ahmedo24]

People that buy and sell cryptocurrency for a very short time possibly within 24 hours are mostly traders why those that buy-and-hold for long time could be regarded as savings.

 

[cowantussie]

Buying and selling Bitcoin is one of the fastest and easiest ways of making money from cryptocurrency. With the value fluctuating so much during a day, it’s a dream for any experienced investor or a trader.

We’ve heard a lot of stories of those who invested in Bitcoin at the beginning and became millionaires after few years. Investing, though, requires a lot of patience and determination. And there’s another, quicker, side of the lucrative coin – trading.

Understanding the difference between investing and trading in Bitcoin is crucial while trying to choose your way of making money from cryptocurrency.

Because to the uninitiated, Bitcoin might seem like a gold mine – a dream job which you can do from your own house by clicking a mouse and staring at the screen.

The harsh reality, though, involves a high risk, high reward game during which Bitcoin can dramatically drop and go up in the span of few hours. But, that doesn’t mean you cannot get your hands on Bitcoin and own at least a bit of what is believed to be the future of money and banking system.

 

[Sotherefore]

Well trading of bitcoins is the act in which you buy bitcoins at a lower price and sell at a higher price for quick profit but if you are investing you might be investing for a long time without no plan of taking a short profit from that investment, exchanges can be used for storing and trading of cryptocurrency.

 

[Ralphjoe]

Well trading of bitcoins is the act in which you buy bitcoins at a lower price and sell at a higher price for quick profit but if you are investing you might be investing for a long time without no plan of taking a short profit from that investment, exchanges can be used for storing and trading of cryptocurrency.

Your definition of these two terms is actually the best out of all definitions that I have seen on this thread so far and I commend you for this simple way that you have broken down this complex terminologies.

 

[Sotherefore]

Your definition of these two terms is actually the best out of all definitions that I have seen on this thread so far and I commend you for this simple way that you have broken down this complex terminologies.

Thanks so much ,only be the reason I've been able to do that is because I am a crypto trader and I have an understanding of how most of this thing work and that's the reason I've been able to break it down in a simpler way for people to understand.

 

[Ayokex]

Saving and trading bitcoin looks the same, but the difference is clear. In trading, one can lose every coin he has gathered in a little while but no one can lose his crypto coin for Saving. Although, it may reduce or increase in value but not the coin.

I don't think this makes any difference at all because whether you decide to trade or not, once you already have your Bitcoin whatever that happens in the market will automatically affect it. I think the best way to save is to use stable coin.

 

[Setfragil]

Trading and bitcoin savings are not the same thing though they have the same purpose which is to make so e profits. Trading involves buying and selling while bitcoin saving involves buying and keeping or holding of bitcoins to make profits at a later date.

 

[cowantussie]

Understanding the difference between investing and trading in Bitcoin is crucial while trying to choose your way of making money from cryptocurrency.

Because to the uninitiated, Bitcoin might seem like a gold mine – a dream job which you can do from your own house by clicking a mouse and staring at the screen.

The harsh reality, though, involves a high risk, high reward game during which Bitcoin can dramatically drop and go up in the span of few hours. But, that doesn’t mean you cannot get your hands on Bitcoin and own at least a bit of what is believed to be the future of money and banking system

 

[eLdavis]

Buying and selling Bitcoin is one of the fastest and easiest ways of making money from cryptocurrency. With the value fluctuating so much during a day, it’s a dream for any experienced investor or a trader.

The word experience you used on your statement was what got me, for those that are experienced, the nature of crypto could be used as an advantage, while for those without experience could end up making the wrong choices.

 

[Sotherefore]

Trading of bitcoins means you are buying it low and you're selling it at a very high price for a certain percentage of profit but sometimes if you are saving a particular cryptocurrency for long-term you may not actually be interested in the short profit a lot of people have been taken from trading,you only fix your mind on yearly or monthly investment depending on your decision.

 

[Jlife]

I do not expect anyone to save bitcoins for the main purpose of investment because it may not bring you any reasonable profit, if you are trading bitcoins you are buying low and selling it high for a profit, if you're saving it you are keeping it for long time purposes.

 

[Prettyjanie]

For me, saving and trading bitcoin is similar as both in a long run will give you great profit. However, the major difference between the two is that one is longterm while the other is not.

 

[Kunkun]

Both would yield profits no matter , bit I would still to prefer to save for the long run instead of trading which definitely has a higher risk in comparison is what I would do

 

[Jlife]

Trading of bitcoins and serving of bitcoins are two different thing entirely because trading is the out of buying low and selling it high, if you are saving cryptocurrency lcryptocurrency you're just buying it for longtime keeping to generate profits over the long time