Forex or Bitcoin?

[Enxx]

Which one would you go for and Invest your money into in this year as the price of bitcoin is rising in this recent days. Is it for or Bitcoin?

 

[Tracee1]

Most people who go into holding coins also find themselves in the trading market, peter/Paul and also i believe you going into both won't hurt either as both takes risk and winner takes all

 

[Edulady]

I will stick with Bitcoin. Since I know a little about forex. But not Bitcoin in. The sense of trading.

 

[eldavis]

For me i would go for forex trading this is because i have a little understanding of how forex trading works but when it comes to Bitcoin or crypto currency i do not have any knowledge about it.

 

[Springtime]

I would prefer forex trading but I would get a reputable broker to do that for me. Since I know very little about crypto, I need to do more research before investing in them, including Bitcoin.

 

[cherry123]

I will go with Bitcoin. Since I know a little about it than forex. I have been trying to learn forex but still not understanding unlike Bitcoin i can buy and hold and sell later

 

[Suba]

Basically, forex fundamentals are easier to analyze than Bitcoin. but if you like forex trading then of course forex will be better, because you already know many countries with their currencies and economic conditions. While Bitcoin besides you can trade on the crypto exchange you can also invest both short and long term.

 

[Hate2Wait]

I don't have any knowledge about forex so I'll go for crypto and it's better and can be started with low amount

 

[Suba]

I don't have any knowledge about forex so I'll go for crypto and it's better and can be started with low amount

That's okay, because one has to invest according to his skills so that he can make the desired profit, you can also use the DCA strategy when investing in crypto.

 

[Hate2Wait]

That's okay, because one has to invest according to his skills so that he can make the desired profit, you can also use the DCA strategy when investing in crypto.

Thanks but what is DCA strategy and can you explain a little about it

 

[Suba]

Thanks but what is DCA strategy and can you explain a little about it

The DCA strategy is an investment strategy that we often apply to mutual, gold, crypto etc. This method allows us to buy crypto in small amounts, for example $ 10 every first day of the month or after receiving a salary, to buy crypto at any price which is done regularly every month for a certain time, for example 12 months. So in a year you have bought 12 times, calculate the average purchase price plus fees. Next, you just need to wait for the bull run and take profit.

 

[AruneBend]

I think that forex requires more knowledge then Bitcoin so I choose Bitcoin also forex is very risky and many people lose a lot of money

 

[Suba]

Bitcoin/crypto has higher fluctuations than forex, while forex has clear fundamentals, namely the country that issues the fiat currency, forex fluctuations can be controlled by that country, such as the SEC controlling USD inflation. Forex is very much influenced by the economic sentiment of a country, such as in EUR you also have to know the economic conditions in Europe, while crypto is more difficult because there is no one to control, prices are very dependent on the market. Bitcoin fundamentals are heavily influenced by blockchain activity.