Do you invest or trade in Bitcoin ? - page 3

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If you don't have money to buy real estate, bitcoin is also considered a long-term investment
 
This is the time we should hold Bitcoin
 
Brandon Williams #:
Can someone tell me where to go so I can start trading 
 

Hi all, this is my first post.

I have tried buying bitcoin using Coinbase platform and I expect that they charge a fee for the privilege but every time I buy at a price say £32,153 the actual price Im buying at is £32,628 and if I try to sell, the same thing happens in reverse so I’m at a disadvantage because I have to wait until the price moves about £1000. Before I even start to make any progress. 

Can anyone shed some light on this and maybe advise me please? I would like to start using Metatrader 4 but will I have the same problems there?

Thanks in advance

 
I love BTCUSD for trading to make money from its ups and downs. IMO, it's great for trading yet too risky for investing.
 
Brandon Williams #:
Can someone tell me where to go so I can start trading 
First you have to choose best and reliable broker, sign up with a demo account or real, then download MT4 or MT5 on your phone and PC, either trade by fundamental or technical. You should have some basic knowledge for trading, if you are newbie, then you should start with demo account.
 
Ego100 #:

Hi all, this is my first post.

I have tried buying bitcoin using Coinbase platform and I expect that they charge a fee for the privilege but every time I buy at a price say £32,153 the actual price Im buying at is £32,628 and if I try to sell, the same thing happens in reverse so I’m at a disadvantage because I have to wait until the price moves about £1000. Before I even start to make any progress. 

Can anyone shed some light on this and maybe advise me please? I would like to start using Metatrader 4 but will I have the same problems there?

Thanks in advance


It's ask and Bid price or Spread charges by the broker, current bid price 32,153, and current Ask price is 32,628, then you buy at 32,153, the right price will be 32,628. Vice versa while time you sell it. It will follow the ask bid price. Hope this help you. But you can easily find some good broker offer lowest spread and buy the bitcoin in MT4 or MT5. 
 
Ego100 #:

Hi all, this is my first post.

I have tried buying bitcoin using Coinbase platform and I expect that they charge a fee for the privilege but every time I buy at a price say £32,153 the actual price Im buying at is £32,628 and if I try to sell, the same thing happens in reverse so I’m at a disadvantage because I have to wait until the price moves about £1000. Before I even start to make any progress. 

Can anyone shed some light on this and maybe advise me please? I would like to start using Metatrader 4 but will I have the same problems there?

Thanks in advance

hello as Lim Kah Keing explained, that is called spread. the broker gain is that for each asset they will sell at 3 and they will buy at 1 (random numbers). if you buy, you take broker selling price which is 3, but to sell back at zero profit/loss your position must cover the gap from 3 to 1 . that is the broker gain on your position. 

you will encounter this with all assets you trade and with most of the brokers. and the brokers that have very small spread will charge you in another way. 


if I may state an personal opinion, for a first timer in trading is very hard to avoid huge loses, i would sugest alot of practice on a demo account. 

 
Radu Bot:
  • Yes
    55% (22)
  • No
    25% (10)
  • Interested
    15% (6)
  • Not anymore
    5% (2)

I do both. Trade it, and use some of the proceed to invest in it.

 
bitcoin looks bullish in long-term
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