Forex Zone - Forex Forum

Is Trading Bitcoin Safer ... ??

Discussion started on Coins & Tokens

  • Sr. Member
  • Posts: 396
  • Points: 45589
  • Likes Received: 7
  • Reputation: +1/-0
Bitcoin trading depends on the management and place of trading, if you trade bitcoin in forex with large leverage then it can be risky, but if you trade in a changer without leverage then it tends to be safe because the capital will not run out.
#436 - December 10, 2020, 06:22:10 AM

  • Sr. Member
  • Posts: 266
  • Points: 0
  • Likes Received: 19
  • Reputation: +1/-0
Trading on exchangers such as binance, livecoin etc.
will be safe, it's just that the estimated assets will decrease.
but still if bitcoin trading is not careful, it will definitely fall and you will still lose, be a smart trader to take advantage of every momentum in bitcoin trading.
#437 - December 12, 2020, 04:02:10 PM

  • Sr. Member
  • Posts: 386
  • Points: 0
  • Likes Received: 62
  • Reputation: +1/-0
Bitcoin trading has the potential to lose, whether it is safe or not it depends on us managing it.
Like today, when bitcoin was still at the price of $ 10,000 many people said that bitcoin was not safe, but in reality bitcoin could go up to $ 22,000 today.
No one knows market price movements so it all depends on our management.
#438 - December 17, 2020, 06:24:29 AM

  • Sr. Member
  • Posts: 337
  • Points: 0
  • Likes Received: 25
  • Reputation: +1/-0
Cryptocurrency is not guaranteed to be safe even though it is bitcoin, keep your crypto trading active and updated to do technical and fundamental analysis about bitcoin, because it is very influential on price changes.
#439 - December 28, 2020, 07:17:02 AM

  • Sr. Member
  • Posts: 449
  • Points: 45319
  • Likes Received: 14
  • Reputation: +1/-0
If you feel confident in the security of your account, we can also limit bitcoin trading losses even if we trade in a changer without trading at a broker using leverage.
#440 - December 31, 2020, 08:32:21 AM

  • Hero Member
  • Posts: 1214
  • Points: 938
  • Likes Received: 29
  • Reputation: +5/-5
In my opinion, any trading can be safe as long as every time we trade we always use good money management, always implement a good trading plan, always use a credible and tested trading system, without it all trading on any instrument will not be safe.
#441 - December 31, 2020, 09:06:31 AM

  • Sr. Member
  • Posts: 436
  • Points: 19608
  • Likes Received: 5
  • Reputation: +1/-0
Of course, the security level of bitcon trading depends on the risk management carried out by traders, but I make sure that the benefits of bitcoin trading are indeed very large considering that bitcoin is in high demand.
#442 - January 07, 2021, 07:55:53 AM

  • Hero Member
  • Posts: 3601
  • Points: 0
  • Likes Received: 54
  • Reputation: +5/-7

for now, with a very high and drastic price increase, in my opinion it is even dangerous to trade in bitcoin, because we don't know where the resistance is now, and we don't know when the price will improve and go down, and my prediction is that if bitcoin goes down, it could happen drastic decline
#443 - January 12, 2021, 03:05:50 AM

  • Sr. Member
  • Posts: 274
  • Points: 0
  • Likes Received: 21
  • Reputation: +0/-0
It is a little difficult to predict the current bitcoin price, maybe because it is too high. But I still believe bitcoin always repeats the phase of increasing from year to year, in my opinion bitcoin is the safest cryptocurrency.
#444 - January 18, 2021, 05:54:49 PM

  • Hero Member
  • Posts: 850
  • Points: 0
  • Likes Received: 97
  • Reputation: +2/-2
Maybe you will worry if bitcoin goes down, that's only natural because you are afraid of losses, indeed no one is safe from all types of trading including BTC.
Every trade actually has to be prepared for losses, so we can make a profit.
Bitcoin trading is the same if you are sure you just have to buy.
#445 - January 18, 2021, 07:35:59 PM

  • Hero Member
  • Posts: 1214
  • Points: 938
  • Likes Received: 29
  • Reputation: +5/-5
Maybe you will worry if bitcoin goes down, that's only natural because you are afraid of losses, indeed no one is safe from all types of trading including BTC.
Every trade actually has to be prepared for losses, so we can make a profit.
Bitcoin trading is the same if you are sure you just have to buy.

a quite significant increase will usually provoke a significant downward movement as well, and vice versa, therefore you must always be vigilant if you want to trade on bitcoin for now, we must really analyze and think carefully
#446 - January 19, 2021, 12:45:36 PM

  • Hero Member
  • Posts: 850
  • Points: 0
  • Likes Received: 97
  • Reputation: +2/-2
a quite significant increase will usually provoke a significant downward movement as well, and vice versa, therefore you must always be vigilant if you want to trade on bitcoin for now, we must really analyze and think carefully
Yes, the market doesn't always go up and doesn't always go down, there are always changes in prices.
With the current state of bitcoin, if you are not sure, you should just avoid it.
#447 - January 19, 2021, 10:48:42 PM

  • Hero Member
  • Posts: 549
  • Points: 212
  • Likes Received: 10
  • Reputation: +7/-4
bitcoin has a much bigger movement than the various major pairs that exist, the range of movement is very large and even exceeds gold, so you have to be very careful about the risks if you want to trade in bitcoin, because if we don't apply good money management, our accounts can be margined call very easily
#448 - January 19, 2021, 11:34:46 PM

  • Sr. Member
  • Posts: 396
  • Points: 45589
  • Likes Received: 7
  • Reputation: +1/-0
In my opinion, bitcoin trading is not safe because we don't know where the price of bitcoin will go and the current price of bitcoin is already very high.
#449 - January 21, 2021, 07:38:44 AM

Members:

0 Members and 1 Guest are viewing this topic.