A nob in trading needs help | Bitcointalksearch.org

lienfaye

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Quote from: Prestongold on May 05, 2023, 09:19:57 AM

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

You can earn in trading but the returns are not guaranteed. It depends on the level of your knowledge, strategy and skills to make a successful trade. It might easy as it seems but still associated with risk. Hence, you can earn huge and lose your money as well if you made a mistake. Just shows that not all traders are able to profit when they trade.

I tried to be a trader before but I think it's not really suited for a working person like me. This is also the reason why I decided to become a long term hodler of Bitcoin. Less risky and less pressure since you're the one in control on when you plan to sell your Bitcoin.

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Quote from: Prestongold on May 05, 2023, 09:19:57 AM

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

If you are a seasoned trader, then sure go ahead. But if you have little to no experience, your best bet is to hodl for the long term. Since you seem to be the latter, I think you should stay away from trading until you learn the basics and have practiced a little bit. Or better yet, practice a lot.

There are testnets with which you can try out Bitcoin and also there are some which simulate trading Bitcoin on a centralized exchange.

You can try out trading strategies without losing any money. One testnet that I could wholeheartedly recommend would be Deribit testnet. I think you can even test out derivatives and options.

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Quote from: Prestongold on May 05, 2023, 09:19:57 AM

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Depending on how you trade on the crypto market and how much knowledge you know and have in crypto trading, to generate passive income and prevent the risks that you will face when the trading process is carried out.

On the one hand, crypto trading does bring blessings to those who are experts in trading, on the other hand it can be disastrous for those who enter the crypto market.

Bottom line: crypto trading is not just reading in this forum, you need to understand and learn from experts who trade crypto, you need to be an expert to control yourself in doing so, this is all for you to avoid real risks and losses for you, crypto trading is not as easy as turning the palm of the hand, you need real guidance for all of that. You cant see the people here profiting in crypto trading, you have to see the people behind the users making those profits in trading.

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Quote from: RewFrew on August 04, 2023, 02:33:51 PM

Quote from: Prestongold on May 05, 2023, 09:19:57 AM

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Bitcoin and all cryptocurrency trading is very risky. If you learn properly and trade you will be benefited but without proper knowledge if you wabt to trade you will be big loser fron cryptocurrency trading. So at first you need proper knowledge about trading. I know you learn from this Forum and yoy search and read Bitcointalk thread. You did well, i think The more you learn, the better you will do. For bitcoin trading you can shere your fund three part, one part for long time hold, one part for mid time hold and another part for short trading. If you trade following this way your losing Chances will be reduced. And there will big chance to profit.

short-term trading has the greatest risk, which requires complex knowledge, therefore if we divide our capital for the purposes of the three types of trading, we can choose long-term trading at first and place most of our capital in this type of trading, and while learning we can start short and medium term trading, that way over time we can make a profit instead of losing, on the other hand we can still enrich our knowledge about trading, many people immediately do short-term trading because they have the ambition to get a lot of money, this kind of attitude must be eliminated

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Quote from: Prestongold on May 05, 2023, 09:19:57 AM

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Trading, staking, and even lending is a sure means to make passive incomes in the crypto space, but before you dive in those space just try you possible best to gain knowledge on the particular area of interest be it trading or staking.

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Quote from: Prestongold on May 05, 2023, 09:19:57 AM

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Bitcoin and all cryptocurrency trading is very risky. If you learn properly and trade you will be benefited but without proper knowledge if you wabt to trade you will be big loser fron cryptocurrency trading. So at first you need proper knowledge about trading. I know you learn from this Forum and yoy search and read Bitcointalk thread. You did well, i think The more you learn, the better you will do. For bitcoin trading you can shere your fund three part, one part for long time hold, one part for mid time hold and another part for short trading. If you trade following this way your losing Chances will be reduced. And there will big chance to profit.

Ricardo11

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Before starting trading you need to acquire detailed knowledge about crypto currency, trading and trading market. All information about trading should be known. And trade at the right time by looking at the trading market before trading. But remember that you need to have educational qualification to do any work. Do your detailed research about trading. Do detailed research on what period of time trading makes profit or loss. And consult with an expert trader before trading.

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Quote from: MFahad on May 28, 2023, 02:16:30 PM

Quote from: kojektea on May 11, 2023, 07:08:19 AM

if you want to keep earning in crypto even if you don't trade I think you should try staking it's better because staking when the market is negative is the best way to keep earning instead of having to invest risky because the market is so volatile. i have tried it, for safe staking you can go to binance, it cost big for bigger profit but its ok as long as we have it.

I think that rather to involved in staking one should put some money in Bitcoin and instead of consider it risky one can also wait for the best because bitcoin can never disappear from a successful destination therefore it will be profitable if someone wait for the appropriate timing. It doesn't means that investment is risky but staking is not because staking posses its own percentage of risk and there is nothing which provides you profit without any risk so its Important to accept the profit with risk and try to learn those tips which is necessary to overcome the risk.

Timing is one of the ways we can make money as a trader and should not just enter the market like that and buy Bitcoin without knowing what the next move of the market could be. Those who bought large quantities of Bitcoin when the price was at $60k did that because they dis not plan themselves well before making an attempt to buy Bitcoin which we all know that the price is very volatile.

If op want to make money in the crypto market, he would have to use money to make money because you can not make money from the Crypto market when you are not an investor. Investing in Bitcoin would make you to spend some of your funds purchasing Bitcoin and keeping it for when it appreciate and you are ready to sell you holdings.

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Quote from: Prestongold on May 05, 2023, 09:19:57 AM

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Trading is hard and risky that’s why it’s hard to expect that you can make a passive income out from it. Though at some point, trading will give exceptional profits but only for those who have high experiences in trading and those who are already well-skilled and have developed their best strategies in trading that make their trades very worthwhile. However, since you’re still a beginner, do not expect for profits but expect for more losses instead. That’s the reality in trading, you will never grow your income if you are not skilled traders in the first place.

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Quote from: GeorgeJohn on May 30, 2023, 05:01:09 PM

Quote from: Prestongold on May 05, 2023, 09:19:57 AM

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

there's something that I want you to understand for cryptocurrency trading because not everyone who have the knowledge of cryptocurrency trading always be successful in terms of trading of Bitcoin, trading can be everywhere but it is not everyone who trade Bitcoin become successful because of the ability to understand the strategies all the measures that is being applicable or applied for bitcoin trading, many people has left the Bitcoin because of the disadvantages they obtain during the time of bitcoin trading and the different kind of investment in Bitcoin, so it's obvious that you have to learn and comprehend the strategic way of trading before venturing into it.

many newcomers are in a rush because of the thought of getting those high profits. however, they will soon find out that getting into this market is easy, but the work in trading is not a walk in the park. you need to learn the ropes to understand how you can get profits from your trading.
you may have known how bitcoin is, its pros and cons, but the trading is different. start small so you would know how to execute a trade in crypto.

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Quote from: Prestongold on May 05, 2023, 09:19:57 AM

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

there's something that I want you to understand for cryptocurrency trading because not everyone who have the knowledge of cryptocurrency trading always be successful in terms of trading of Bitcoin, trading can be everywhere but it is not everyone who trade Bitcoin become successful because of the ability to understand the strategies all the measures that is being applicable or applied for bitcoin trading, many people has left the Bitcoin because of the disadvantages they obtain during the time of bitcoin trading and the different kind of investment in Bitcoin, so it's obvious that you have to learn and comprehend the strategic way of trading before venturing into it.

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Quote from: Prestongold on May 05, 2023, 09:19:57 AM

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

Learning about cryptocurrency trading never ends, as the more we learn the newer experiences we gain to apply to as more suitable strategy to assist in depleting risk to the barest minimum in our trades because trading is of a truth not an easy task so don't be full of yourself thinking you have read many enough there's still much more to discover.

Quote

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Market speculations just as the letters implies are mere opinions of other traders based on their perspective or lens about the market. Wether you chose to trading on bitcoin or alts you're expected to do you're own market analysis about the very coin before delving into any trade and not rely on speculations from other traders as some of them are bunch of opinions from paid promoters alike, so therefore you could be losing your money even before trading stead of profiting.

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Quote from: Prestongold on May 05, 2023, 09:19:57 AM

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Truly you might seen some profitable records of some crypto traders online which has prompted you to delve into crypto trading of course crypto trading is profitable however it takes lot of time and effort to learn and gain experience, therefore you might start trading by receiving signals from paid service or you can as well learn how to trade with resources available on the internet this path is best bet unfortunately it's a lot of experience in becoming a consistent in profit earning therefore it's up to you decide which of route to pick interest in paid signal providers or self taught trader.

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Quote from: Prestongold on May 05, 2023, 09:19:57 AM

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Yep, they are profitable by taking advantage of this speculation but on the other hand traders have to take the risk with all the money involved. There are 2 risks you can take depending on the type of trade:
- In the spot market, you bet time until your entry is profitable (according to the popular belief that 1 bitcoin = 1 bitcoin forever)
- In the futures market you bet money, you can increase the volatility according to the leverage set on your entry, which also means you shorten your trading term (can even be liquidated in seconds).

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To gain profits with Bitcoin isn't a difficult thing, it's very possible, the issue is on the consistency of always making profits, you have to work yourself into personal discoveries of how Bitcoin works because, most the things you'll get to read here may end up confusing you the more.

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Quote from: Prestongold on May 05, 2023, 09:19:57 AM

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Gaining profits through Bitcoin is possible but no guarantee that you always get profits every time you trade Bitcoin. If you only look for additional or side income, trading Bitcoin is no problem. It is quite safe to buy Bitcoin during this red market since it is likely growing toward the upcoming BTC halving (bullrun). But you must understand that not every day or not every week Bitcoin price is increasing, there should be some drops/dumps and sideways as well. So, you must be prepared if the price of Bitcoin drops immediately and you failed to get income. However, you just need to hold the Bitcoin and wait for the next pump whenever you experience it.

In conclusion, it can't be an option if you expect a regular income. Bitcoin trading or altcoin trading is more appropriate for side/additional income.

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It is true what you know and read here in the forum, Bitcoin and cryptocurrency have associated risks and that is because of the volatility that it has.

Now, to your question about trading, you can actually get profit here if you have a deep knowledge of crypto trading because that will be your advantage here as a trader. Because if you only have a little knowledge, it will be a bit difficult for you to get a profit here every day in my opinion.

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Quote from: GxSTxV on May 28, 2023, 06:28:32 PM

Quote from: Prestongold on May 05, 2023, 09:19:57 AM

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

I will give you the shortest answer from my experience since this topic is complex and touches various perspectives including market manipulations. Trading is not easy and if you have heard of someone getting rich through trading without any experience that’s a pure gambling.

Based on my humble experience earning a good amount of money through trading requires a significant initial capital before starting to manage your risk, Safe and sustainable trading typically brings monthly profits of around 5%-8% of your capital, with the possibility of having lost months sometimes which is normal. So yes it is possible to generate passive income through trading, but it requires following specific rules, gaining experience, and practicing patience.

a person with minimal experience in trading but he gets big profits, I think he is lucky in his gambling, but for trading in the long term I think luck will not come continuously. therefore learning from the beginning I think it will be better for the future of our trading.
and one more thing there are many incidents around me, in fact many people use small capital but want big returns of up to hundreds of percent, they are proud if they can achieve it in the near term, but many of them don't last long, because trading must have logical portfolio

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Quote from: Distinctin on May 28, 2023, 04:48:27 PM

Quote from: Tony116 on May 11, 2023, 07:34:08 AM

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I would advise you to spend more time on a demo account. As for me, it is this method that allows the trader to try his hand in conditions close to real. It is due to this that you can get a good result.

Beginners can use the demo account to familiarize themselves with all the basics of trading and the market. But I advise you not to overdo it, I mean, once you know the basics, then you should use yourself a real account with a minimum capital to start. If you use a demo account for a long time, you will not learn anything because when you know it is an account without real money, it will easily create bad habits for you. Using a demo account, we will not be afraid of losing money, but with a real account it is the opposite, so newbies using a demo account a lot will be counterproductive.

Demo accounts are only helpful if your intention is to make you aware on how trading works. But if your aim is to attract profitability and make a passive income, it could be possible but the risk is very high. You cannot expect for trading to be a source of passive income since everything in it is uncertain and unpredictable. And even if you are making good profits at it, still you have to keep on learning and improve your experience that’s why you have to perform and keep moving forward to stay being productive.

When it comes on trying out to familiarize on what are those terminologies and platform tools and its usage then demo trading is something that it is really that useful on which you would really be making yourself getting

familiarized on how things should really be done and how things should really be handled out but the con's on focusing too much in demo is that you would really be missing out that emotional enhancement because we know that once we are dealing with demo trades then you cant lose money which means that emotion is really that absent or cant really be something be felt since there's no risks involved.
This is why on the time that you would really be making out some familiarization on demos then its better to directly deal up with real trading but of course since you are still
a newbie then you should really know about that risks management which it is really that something that you would really be needing to to mind on.

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