Anyone can succeed as a bitcoin trader

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Quote from: Troytech on December 26, 2023, 08:48:36 AM

~snip~

No, I don't think that anyone can be successful as a bitcoin trader. Because I think that in order to be successful as a trader, whether it is a Bitcoin trader or any other altcoin trader, there are two things that are necessary, one is to adopt the right strategy and the other is to be able to stick to the strategy. Because I think that trading is very complex and it takes skill as well as psychological stability to be successful.
Suppose a person took a long-term strategy to become a successful bitcoin trader that he will adopt bitcoin by making 10 dollars per week, but it turned out that after a few weeks of running it, he is unable to continue this strategy for various reasons. Then the probability of such traders being successful is very low. So I think controlling emotions and adopting the right strategy is very important to be a successful trader.

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Quote from: AicecreaME on January 06, 2024, 03:18:07 AM

Not just typically anyone, that anyone should have a lot of patient, money, and dedication to continuously learn about how trading exactly works and what he needs in order to make profits most of the time.

If a trader doesn't have those things, he will just fail over and over again because he don't want any failures in his career, he just wanted to win always. But it doesn't work that way, in order to learn you have to make mistakes first, because that's where you'll gain experience, and that will be your teacher to the next steps you're going to make.

There is no next to anyone. When I say anyone, I am referring only to the humans because there is no way animals, ghost, non-living things, and others... can do trading. But, I think you also mean to say that not all can trade, because not all have those positive qualities you mentioned there. That was indeed true, and this is why in the forum we can always see a negative reply in regards to trading, that trading is like this or that, blah blah blah.

And many of them do or suggest to do investing instead. To fail is normal and we must not stop after experiencing it for the first, second, or even third time but more than that may not be good anymore. For those who don't want to fail, they will never start doing that thing. This is a poor mindset. There is no such thing as only winning.

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Quote from: Troytech on December 26, 2023, 08:48:36 AM

Also Statistics shows that we have more Bitcoin traders than investors. And this is because most persons prefer to take the short term benefit of trading the volatility of bitcoin. Don't limit yourself to just being passionate about bitcoin. Start something with the knowledge. At least if your not into bitcoin as a means of payment, store of value, investment then being a trader could help.

Merry Christmas 🎅 🎄 to you all.

Well, I could agree because some investors are also holders and vice versa. But have to know that not all registered traders become successful in their journey, many of them are long gone already but that included in the survey? Maybe yes...
It can't be denied that some have successful careers in trading but can't also denied that many have quit already as they can't take the stress and pressure of the market volatility. If we only have data available that shows the number of registered traders every exchange quitting, that can be more transparency but we don't have and so the assumption remains that many peopler are in trading.

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Quote from: |MINER| on January 04, 2024, 01:32:28 PM

If you ask me that question then I my answer will be Yes anyone can succeed as a Bitcoin trader but he must have to follow some rule. Specially if the person is a newbie on the platform then first of all he should have gain some fundamental knowledge about it. Then in bitcoin trading he must have to do long-term trading for gaining succeed on his trading. I think it is more difficult to make a good profit on short-term trading. But for long-term trading with risk management DCA method will must bring a good profit in future.

People who you would not expect to succeed in bitcoin trading are actually succeeding. Trading requires serenity and discipline because it is on a different level all together. To me, the rules are more like principles, and if they are followed gradually over time, the trader will have fewer issues to deal with, which is the essence of learning because many traders want it the easy way and end up jumping from one signal channel to another instead of under the value and knowing how to make profits on your own and having an idea of how much to start with rather than just jumping into trader just like that.

Knowing when to buy and when to sell is important since there are many times when you should not be buying. It does not have to be a long time trading, simply a concept on how to earn from the market.

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Many people have been successful by testing with Bitcoin, but the thing is that to trad with Bitcoin, a lot of money is required. Most of the time trading with Bitcoin requires a lot of effort but usually no one wants to trade in Bitcoin because the profit in Bitcoin is much lower than other tokens or coins. It is possible to profit and be successful with Bitcoin only but it will take a little longer than other tokens or coins.

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Quote from: goaldigger on December 26, 2023, 10:30:10 AM

Some may succeed and some may not and that is the reality because not everyone can be a winner here or else the market will not move that much.

All traders should know that we are just exchanging money in the market, if one losses the other wins it, basically not all of us can win it, but most of us can defeating whales, but that's another topic.

Quote from: goaldigger on December 26, 2023, 10:30:10 AM

It takes time to be a good trader, the stress can consume you but the reward is huge once you are able to survive that early phase of being a trader.

It really is, being good at one thing is a process of continuous learning, it's not that there will be a time that you can call yourself a good trader, we can't measure this thing. As I said, it is a process not being of a good trader, but a better decision maker every time we realize a mistake.

Quote from: goaldigger on December 26, 2023, 10:30:10 AM

also set your goal realistically so you won't be stress if you are not able to achieve it.

Stressful it is, but if you found yourself one day comfortably on your chair while trading, you'll smirk and realize the learning process is worth it.

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Quote from: Troytech on December 26, 2023, 08:48:36 AM

Many persons have shared their bad experiences about trading in general, how they lost their funds, got into debt, even wrecked their finances. That's true trading bears such risk but that should not stop you from trying. In as much as there are successful traders you too can be successful in trading. It all starts with your passion, it has been made known by Napoleon Hill a popular writer, famous for the book think and grow rich, that desire is the starting point of all success.

I'm really not a fan of bear market trading, always with low volume with low volatility and when volatility comes back, the price usually shoot downward which hurt a lot if you open a long position. You can use the downward price to make money with futures with short positions but I'm not the type that love gambling with bets, I have use futures only few times and the experience was really bad, maybe because I'm not use to it but I don't want to try it again even in the future. Grin

I see like normal gambling I do on gambling platforms and I don't want to be doing regular gambling and be gambling with trades again in the name of quick profits.

Quote

Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.

Also Statistics shows that we have more Bitcoin traders than investors. And this is because most persons prefer to take the short term benefit of trading the volatility of bitcoin. Don't limit yourself to just being passionate about bitcoin. Start something with the knowledge. At least if your not into bitcoin as a means of payment, store of value, investment then being a trader could help.

Merry Christmas 🎅 🎄 to you all.

My strategy may look like a person that is afraid of the market but if I ever experienced another bear market, I will skip trading for the entire month and focus on buying the dip, it's saves a lot of energy, a lot of emotional attack with the market that you have to use stop loss multiple times and those choppy losses can give you something if put in good use. If you are a trader or a aspire trader, avoid the market in bear market and comes back when the market is bullish. Is a simple as that but many people wouldn't listen.

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Quote from: Mate2237 on January 03, 2024, 04:11:24 PM

Quote from: Nrcewker on December 31, 2023, 12:01:47 PM

Success is not important. It’s important to control the trading amount so that you don’t make any losses. You don’t make millions overnight by trading. Gradually with experience you will become a better trader and will make good amount of money. You just need to control the emotions whole trading. Do the market analysis with depth, and focus on more theoretical knowledge rather than rushing to trade.

And for one to become a successful trader, he has to lose and through there he would make some corrections and master the market gradually and later becomes a professional trader. And even at the professional level you will still lose but it will not be as the novice time. And anyone who is coming to make money instant in trading will lose very well but whereby he comes to learn first and make small profits and grow gradually from then he will make it in the future.

One thing they have to know that, they should not be greedy in the process of trading. If small profit enter, take it and open new trade if it is a favorable time to trade again.

Exactly no one will be successful without losses in trading because if you don't lose you won't gain more experience about what you are doing, so if you lose in trading don't say you can't do anything again you won't succeed on trading is just that you need to be patient and try to understand everything about trading methodologies so that he can reduce your risk and you need to get a mentor who will be guiding you, but he doesn't mean you won't lose.

That is why it is important to use money you can afford to lose, because some people borrow to start trading, which is not recommended because he will put you in debt and you will never understand yourself again, so anything you want to start, you must plan before you begin your trading career. But it is an excellent business because he will bring you large profits and he will bring you losses again. It is all about taking chances and succeeding, but some people don't like trading since it is high risk instead, they choose to invest in bitcoin for the long term to profit.

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Quote from: Dimitri94 on January 06, 2024, 07:56:24 AM

Those who can trade with knowledge and skills are definitely successful traders but becoming successful as a Bitcoin trader is not very easy. We know that behind every success there are many failures from which a person gathers his experience. Trading in Bitcoin is very risky. Profiting from here is of course difficult to succeed without being extremely prudent. As a holder it is relatively easy to succeed. Anyone can be successful in Bitcoin if he manages his trading properly.

Risk is difficult to avoid, but that doesn't mean it can't be avoided because Bitcoin holders also face risks when the price of Bitcoin declines in the market even though the attitude of the holders always looks more relaxed. Meanwhile for traders, it is clear that they must always be careful even though they already have a lot of experience and knowledge about trading, because apart from them having to be able to make a profit, they also have to try not to experience losses so that is what sometimes makes it more difficult for them when facing bad trend in the market.

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Quote from: Troytech on December 26, 2023, 08:48:36 AM

Anyone can succeed as a bitcoin trader

Of course, if they have a series of records and their best experience in crypto trading, crypto trading is not the same as investing, it requires thorough understanding and knowledge, To overcome prolonged losses, analysis, market situation, charts, type of crypto being traded are mature and thorough choices and assessments to be able to produce perfect profits.

Anyone can trade crypto, few are lucky and really understand their trading knowledge, for this reason it is very necessary to trade with small amounts when starting from scratch, To overcome negative things, don't be greedy and reckless in placing your money in the market, the risk is very high.

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Quote from: Sanugarid on January 03, 2024, 05:41:46 PM

Quote from: Mate2237 on January 03, 2024, 04:11:24 PM

Quote from: Nrcewker on December 31, 2023, 12:01:47 PM

Success is not important. It’s important to control the trading amount so that you don’t make any losses. You don’t make millions overnight by trading. Gradually with experience you will become a better trader and will make good amount of money. You just need to control the emotions whole trading. Do the market analysis with depth, and focus on more theoretical knowledge rather than rushing to trade.

And for one to become a successful trader, he has to lose and through there he would make some corrections and master the market gradually and later becomes a professional trader. And even at the professional level you will still lose but it will not be as the novice time. And anyone who is coming to make money instant in trading will lose very well but whereby he comes to learn first and make small profits and grow gradually from then he will make it in the future.

One thing they have to know that, they should not be greedy in the process of trading. If small profit enter, take it and open new trade if it is a favorable time to trade again.

Before you became a successful trader, of course, what you went through was not easy, for sure you also lost a lot of money before you became successful and that is part of being successful. I'm not very knowledgeable about the trading system and I'm still learning. Hopefully someday I'll be as successful as my acquaintances and those I watch on vlogs.

Those who can trade with knowledge and skills are definitely successful traders but becoming successful as a Bitcoin trader is not very easy. We know that behind every success there are many failures from which a person gathers his experience. Trading in Bitcoin is very risky. Profiting from here is of course difficult to succeed without being extremely prudent. As a holder it is relatively easy to succeed. Anyone can be successful in Bitcoin if he manages his trading properly.

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Quote from: AicecreaME on January 06, 2024, 03:18:07 AM

Not just typically anyone, that anyone should have a lot of patient, money, and dedication to continuously learn about how trading exactly works and what he needs in order to make profits most of the time.

If a trader doesn't have those things, he will just fail over and over again because he don't want any failures in his career, he just wanted to win always. But it doesn't work that way, in order to learn you have to make mistakes first, because that's where you'll gain experience, and that will be your teacher to the next steps you're going to make.

You're right, everyone may have the same opportunity to succeed as a trader, but not everyone can withstand the pressure. Trading is not as easy as it sounds, it requires a lot of effort and dedication to truly understand what trading is and then be able to make a profit.
Many people can become successful in trading, but not a few also experience failure and even end up with bankruptcy. This is something that looks easy in theory but will be more difficult in practice, because for me trading is not just a theory that we understand completely, but we must also be able to practice it well and sometimes theory and practice are different.

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Not just typically anyone, that anyone should have a lot of patient, money, and dedication to continuously learn about how trading exactly works and what he needs in order to make profits most of the time.

If a trader doesn't have those things, he will just fail over and over again because he don't want any failures in his career, he just wanted to win always. But it doesn't work that way, in order to learn you have to make mistakes first, because that's where you'll gain experience, and that will be your teacher to the next steps you're going to make.

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Quote from: Troytech on December 26, 2023, 08:48:36 AM

Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.

Also Statistics shows that we have more Bitcoin traders than investors. And this is because most persons prefer to take the short term benefit of trading the volatility of bitcoin. Don't limit yourself to just being passionate about bitcoin. Start something with the knowledge. At least if your not into bitcoin as a means of payment, store of value, investment then being a trader could help.

I could say that we could find an argument that would be opposite of this as well. I am not saying that everyone can't be, they can be if you ask me, but I can also see the other point and understand this.

There are people with mental disorders as well, and I do not mean like anything huge, a simple ADHD could still prevent you from being good at it as well, or it could be any physical one too, or it could be simply just not being smart enough, I am not saying you need to be a genius to do this, but you can't be too... well you know what I mean. So that is why I can see why some people could end up not being a good trader, it doesn't have to be including every single human, it could be just ordinary people with no disability based on anything.

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Quote from: Kelward on January 04, 2024, 04:45:50 AM

Quote from: tvplus006 on December 26, 2023, 09:01:19 AM

Quote from: Troytech on December 26, 2023, 08:48:36 AM

...Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion...

This is all just theory, but in practice everything is completely different. And there are a very large number of traders who, after many years of unprofitable trading, decide to change their role to an investor. And for many, this is the right decision that allows you to earn a lot of money with minimal risk, which is still present when investing.

I also think that succeeding in Bitcoin trading goes beyond having a passion for it, although that is a starting point, because Bitcoin trading is hard in the practical aspect of it. So to be a successful trader requires having the needed experience to have a sound knowledge about how it's properly done, this includes understanding the fundermental and technical analysis, not being emotional, avoid being greedy and having the patience required to succeed. So any one can succeed in Bitcoin trading, but they need to put in the time and energy needed to aquire the knowledge to become successful traders.

Passion and interest is something that you would really be needing to have not only limited on trading but also in other things as well on which it would really be just that normal that you would really be
needing those things for you to go further because once interest and passion isnt there then you would really be just that basically putting up yourself into such situation on which you cant really be able to make yourself that last long because interest isnt really there. Speaking about success then we do know that there's no such thing about assurance on which if you do really that putting up yourself on such situation
on which you are hurrying up yourself on being successful then this is where mistakes do comes from on the time that you would really be that making yourself that desperate and this is something that you should really be looking upon.

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If you ask me that question then I my answer will be Yes anyone can succeed as a Bitcoin trader but he must have to follow some rule. Specially if the person is a newbie on the platform then first of all he should have gain some fundamental knowledge about it. Then in bitcoin trading he must have to do long-term trading for gaining succeed on his trading. I think it is more difficult to make a good profit on short-term trading. But for long-term trading with risk management DCA method will must bring a good profit in future.

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Quote from: tvplus006 on December 26, 2023, 09:01:19 AM

Quote from: Troytech on December 26, 2023, 08:48:36 AM

...Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion...

This is all just theory, but in practice everything is completely different. And there are a very large number of traders who, after many years of unprofitable trading, decide to change their role to an investor. And for many, this is the right decision that allows you to earn a lot of money with minimal risk, which is still present when investing.

I also think that succeeding in Bitcoin trading goes beyond having a passion for it, although that is a starting point, because Bitcoin trading is hard in the practical aspect of it. So to be a successful trader requires having the needed experience to have a sound knowledge about how it's properly done, this includes understanding the fundermental and technical analysis, not being emotional, avoid being greedy and having the patience required to succeed. So any one can succeed in Bitcoin trading, but they need to put in the time and energy needed to aquire the knowledge to become successful traders.

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Quote from: Sanugarid on January 03, 2024, 05:41:46 PM

Quote from: Mate2237 on January 03, 2024, 04:11:24 PM

Quote from: Nrcewker on December 31, 2023, 12:01:47 PM

Success is not important. It’s important to control the trading amount so that you don’t make any losses. You don’t make millions overnight by trading. Gradually with experience you will become a better trader and will make good amount of money. You just need to control the emotions whole trading. Do the market analysis with depth, and focus on more theoretical knowledge rather than rushing to trade.

And for one to become a successful trader, he has to lose and through there he would make some corrections and master the market gradually and later becomes a professional trader. And even at the professional level you will still lose but it will not be as the novice time. And anyone who is coming to make money instant in trading will lose very well but whereby he comes to learn first and make small profits and grow gradually from then he will make it in the future.

One thing they have to know that, they should not be greedy in the process of trading. If small profit enter, take it and open new trade if it is a favorable time to trade again.

Before you became a successful trader, of course, what you went through was not easy, for sure you also lost a lot of money before you became successful and that is part of being successful. I'm not very knowledgeable about the trading system and I'm still learning. Hopefully someday I'll be as successful as my acquaintances and those I watch on vlogs.

A successful trader has once become a victim of losses in trading and it's out of his mistakes that makes the person to behave anyway he or her wanted, so therefore I believe that before you become a successful trader you have undergoes so many obstacles and so many challenges in trading, its when you apply the knowledge of what you have passed through in trading that will make you to bear the name a successful trader, for someone to become a successful trader that means that person have it's own of understanding how to overcome and man over some of the trading obstacles

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Quote from: Mate2237 on January 03, 2024, 04:11:24 PM

Quote from: Nrcewker on December 31, 2023, 12:01:47 PM

Success is not important. It’s important to control the trading amount so that you don’t make any losses. You don’t make millions overnight by trading. Gradually with experience you will become a better trader and will make good amount of money. You just need to control the emotions whole trading. Do the market analysis with depth, and focus on more theoretical knowledge rather than rushing to trade.

And for one to become a successful trader, he has to lose and through there he would make some corrections and master the market gradually and later becomes a professional trader. And even at the professional level you will still lose but it will not be as the novice time. And anyone who is coming to make money instant in trading will lose very well but whereby he comes to learn first and make small profits and grow gradually from then he will make it in the future.

One thing they have to know that, they should not be greedy in the process of trading. If small profit enter, take it and open new trade if it is a favorable time to trade again.

Before you became a successful trader, of course, what you went through was not easy, for sure you also lost a lot of money before you became successful and that is part of being successful. I'm not very knowledgeable about the trading system and I'm still learning. Hopefully someday I'll be as successful as my acquaintances and those I watch on vlogs.

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Anyone can trade and develop passion in trading, but passion alone is not enough to succeed and be profitable with trading. Traders should have a long stretch of patience and understanding on the market, and should be not greedy and fearful when one decide to trade. And most importantly, traders should have the high knowledge and skills when it comes to analyzing the market and understanding its market trends and patterns so that trading will end up being more profitable and productive.

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