The first thing we want to do before we dive deep into the subject is understand what trading is, and how is it different from . should-i-invest-in-bitcoin-here’s-what-you-need-to-know investing in …
When people invest in , it usually means that they are buying for the long term. In other words, they believe that the price will ultimately rise, regardless of the ups and down that occur along the way. Usually, people invest in because they believe in the technology, ideology, or team behind the currency.
Thus, investors tend to “A slang term and Internet meme that is used in the community when referring to holding the cryptocurrency rather than selling it. It originates from a typo of the word in an old BitcoinTalk post.”the currency for the long run (HODL is a popular term in the community that was actually born out of a typo of the word “hold” “external” old 2013 post in the BitcoinTalk forum
traders, on the other hand, buy and sell in the short term, whenever they think a profit can be made. Unlike investors, traders view as an instrument for making profits. Sometimes, they don’t even bother to study the technology or the ideology behind the product they’re trading.
Having said that, people can trade and still care about it, and many people out there invest and trade at the same time.
As for the sudden rise in popularity of (and several altcoins) trading – there are a few reasons for that. First, .com/bitcoin-volatility-explained is very volatile. In other words, you can make a nice profit if you manage to correctly anticipate the market. Second, Unlike traditional markets, trading is open 24/7.
Most traditional markets, such as stocks and , have an opening and closing time. With , you can buy and sell whenever you please. Finally, bitcoin’s unregulated landscape makes it relatively easy to start trading—without the need for long identity-verification processes.
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Published at Wed, 21 Nov 2018 10:11:50 +0000
