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What are the advantages and disadvantages of 24/7 Bitcoin trading over traditional stock market which operates only 6 - 8 hours a day and 5 days a week? Any threats?
What are the advantages and disadvantages of 24/7 Bitcoin trading?
Answers
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The 24/7/365 bitcoin trading market is pretty unique in financial markets. Here are the advantages and disadvantages as I see them.
Advantages:
- more convenient: bitcoin can be bought and sold at any time and on any day.
- truly international: bitcoin can be traded during business hours in every country and every timezone.
- increased profitability: more trades means a good trader can make more money.
Disadvantages:
- increased risk: important market movements can occur while you're sleeping, causing trading losses.
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I see only advantages now. Here can be risks but here is the rebuttal for them: http://cryptodetail.com/page/the-advantages-and-risks-of-cryptocurrency
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I would say that with out the regulated trading times such as a stock market you have a chance to lose everything while your sleeping, also with no set times you can't regulate a real price and the sell price becomes what ever who ever your selling them to wants to pay. The up side is no matter where in the world you are you can buy and sell them just as easily.
Exchanges have hard time to make upgrades/maintenance as they are always live... Nasdaq have 12+ hours a day to do that. – Zyo – 2018-01-05T18:35:08.813
1While the linked page may contain great info, it's generally better to capture the main salient points in your answer in case the page "goes away". – Max Vernon – 2018-01-05T18:59:57.187