Some equate Bitcoin to stocks or the stock market. While they are similar when evaluating fundamental technical analysis, they are different in many aspects. Bitcoin trading involves the exchange of one currency for another. Most commonly is the exchange of fiat USD currency for BTC (Bitcoin). On many exchange platforms like Coinbase or Binance you will find BTC pegged to USD, though you will also find other cryptocurrencies pegged to BTC as well.
When you trade or exchange a currency for Bitcoin, you are inherently purchasing Bitcoin. Today there tends to be two camps of Bitcoin enthusiasts: traders and hodlers. If you are in this space to try and make a quick buck, you likely will try to swing trade Bitcoin for quick profit. But if you are a long-term hodler, you’re likely buying because you believe in the technology, and believe more profit is to be made by hodling for the long-term versus risking it all in the short-term.