Anyone here living full time on cryptocurrencies? Can you give guidance? - page 3.

eternalgloom

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Quote from: cryptohome on October 24, 2017, 03:51:05 AM

Is there anyone here that is making money full time in the cryptospace? If so, can you help guide with below questions?

> What is the minimum investment a newbie needs?
> How do you select an investment?
> Do you HODL or day-trade?
> If you day-trade - how do you pick a coin that is day-trade worthy?

Thank you in advance for your time and help!

Not yet, but I will be getting all of my income exclusively out of working with crypto in the near future.
I have a job offer waiting with a start-up that will bring a form of crypto-currency to certain countries in Africa.

Apart from that I do earn a little bit from investments in Bitcoin and some altcoins, but it wouldn't be enough to live on.

Also signature earnings, but that's barely enough for anyone to live on Tongue

t3hpwnographer

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Activity: 196

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I think it's nice to dream about becoming the Warren Buffett of crypto, but I don't think that will happen without a sizable initial investment and lots of time to get very in-depth with different markets.

Personally, I gave myself a couple hundred dollars to start playing around with and see where I could take it. If I lose it all it won't hurt me, but if I manage to do well I can continue to trade and invest without adding more of my income from my "real" job until I feel much more comfortable. I think with enough trading savvy and maybe a little mining on the side I should be able to grow my investment and increase my spending money, though I don't see quitting my job to do this full time as a viable option.

KourtneyK

full member

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Quote from: BitcoinHodler on October 24, 2017, 08:48:16 AM

i am not, and i don't think if anyone is really doing it is going to come out and give you numbers, publicly!

and you shouldn't even ask these questions about specific "numbers" either in my experience.

if you want to really start living full time on cryptocurrencies, aka by trading them, then i suggest starting small and starting now. start trading, investing or however else you already know to earn money. invest a small amount of money. a couple of hundreds should suffice.
then after a couple of months (6 for example) come back and reevaluate your performance in the past months. if you earned enough profit (%) to be satisfied then go bigger an go full time.

otherwise just have it as a secondary option, you'll sleep better at nights. trust me.

This here says it all, experience is the best learning skill when you go for trading. Just follow what this one has to say and you'll be a great trader in 6 months or so.

parassinghal

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A BLOCKCHAIN SOLUTION TO DISRUPT TRADE FINANCE

I am not living full time on crytocurrencies. But i can answer your questions.
- There is no minimum investment for anybody, its upto you that with how much amount you want to take risk because its a game of risk.

- For good investment you have to go through with the details of the project, idea behind the project, team, ICOs, etc, etc.

- Till now i haven't invested but my friends are continuously making investement and they mostly go for daily-trade , may be around 60% and rest 40% for HODL.

- For day-trade you have to see the graph of the coin that how the coin graph is going recently. From there you can have an idea that which is worthy.

BitcoinHodler

hero member

Activity: 1456

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HODLing is an art, not just a word...

i am not, and i don't think if anyone is really doing it is going to come out and give you numbers, publicly!

and you shouldn't even ask these questions about specific "numbers" either in my experience.

if you want to really start living full time on cryptocurrencies, aka by trading them, then i suggest starting small and starting now. start trading, investing or however else you already know to earn money. invest a small amount of money. a couple of hundreds should suffice.
then after a couple of months (6 for example) come back and reevaluate your performance in the past months. if you earned enough profit (%) to be satisfied then go bigger an go full time.

otherwise just have it as a secondary option, you'll sleep better at nights. trust me.

sylance

full member

Activity: 392

Merit: 102

Quote from: meisha on October 24, 2017, 04:30:32 AM

Quote from: cryptohome on October 24, 2017, 03:51:05 AM

Is there anyone here that is making money full time in the cryptospace? If so, can you help guide with below questions?

> What is the minimum investment a newbie needs?
> How do you select an investment?
> Do you HODL or day-trade?
> If you day-trade - how do you pick a coin that is day-trade worthy?

Thank you in advance for your time and help!

I'm trying to earn a living from crypto, tired of working. My plan is to find a masternode crypto that is still in it's earlier stages so that i can buy in really cheaply than in the future when it increases in value and i have my masternode up and running i will have a decent fixed income. I have been scouting all the new masternode coins for a few months.

I'd love to do this but it's difficult to find a masternode coin that's still cheap but has some kind of confidence. I know with confidence will come the price but dropping $10,000+ on a masternode that could die over a year is a bit too risky for me.

teslabrik

newbie

Activity: 6

Merit: 0

I think you have to have a p start... somewhere, buy some coin and get into it. I also have livestock, initial buying expensive (hic) as being green but was able to get some good beasts which are now producing - some have turned 1000%. i am willing to have a go, but it also depends on the big river - how much currency do you need to survive ??

HODL - ? longtermish
money still needs to flow through your hands (to survive)= currency

AimHigh

full member

Activity: 554

Merit: 100

Quote from: cryptohome on October 24, 2017, 03:51:05 AM

Is there anyone here that is making money full time in the cryptospace? If so, can you help guide with below questions?

> What is the minimum investment a newbie needs?
> How do you select an investment?
> Do you HODL or day-trade?
> If you day-trade - how do you pick a coin that is day-trade worthy?

Thank you in advance for your time and help!

I am not a fulltime in cryptospace or here in bitcoin i am just a part time but for me part time and full time is same because i am full time in work in the morning and in the evening in cryptospace or bitcoin the most important as a bitcoiners was patient, always happy in what are you doing.

In term of investment there is no minimum evem thou you are bitcoin or not its up to you how much you invest.
Choose the best and productive to invest.

Taskford

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Quote from: cryptohome on October 24, 2017, 03:51:05 AM

Is there anyone here that is making money full time in the cryptospace? If so, can you help guide with below questions?

> What is the minimum investment a newbie needs?
> How do you select an investment?
> Do you HODL or day-trade?
> If you day-trade - how do you pick a coin that is day-trade worthy?

Thank you in advance for your time and help!

> There is no minimum investment for a newbie, just put the amount that you are ready to lose
> I select investment by doing research and after looking for reviews of other users or investor of it
> I do both so i will not waste any of the opportunity for those two
> I pick the coin that has a high volume so i can take advantage of the fast trades and make a little bit money from day trading

Buyingallcoinsz

sr. member

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Interesting question and no, personally I am not but I know of internet people that do!

krypt0n1

full member

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🔵 Brickblock.io - Future of Stock Trading

Quote from: Minor Miner on October 24, 2017, 05:12:41 AM

1. I suppose 500-1000$ will be enough for beginning.
2. Make deep fundamental and technical research.
3. I have both portfolio for HODL (30%) and day-trading (70%)
4. First of all I'm trying to find releases, exchanges listings and so on. After I use tech analysis to find the entry point.

P.S.
If you are newbie you should not try to be trader. Just use HODL strategy. And do not invest all of your BTC into alts Wink

I agree with this 100 percent. If you are a new to it, I would just buy and hold in the beginning and not put any significant amount into trading until you become very comfortable and well versed in the charts. It's a very easy way to spend a lot of time in front of the computer at the expense of your social life and still end up losing money. Saying that, once you are comfortable, it can be a great way to make money quickly. Very high risk when you are new to the game.

admissions

member

Activity: 107

Merit: 12

I'm not but working part time and the rest of the time I'm investing in Crypto currencies. Invest in new and up and coming alt coins and convert your earnings to Bitcoin where you will hold until your desired price.

aoluain

legendary

Activity: 2464

Merit: 1387

Quote from: cryptohome on October 24, 2017, 03:51:05 AM

Is there anyone here that is making money full time in the cryptospace? If so, can you help guide with below questions?

> What is the minimum investment a newbie needs?
> How do you select an investment?
> Do you HODL or day-trade?
> If you day-trade - how do you pick a coin that is day-trade worthy?

Thank you in advance for your time and help!

good question! this is something I have been thinking about for a while
I am working a day job and im not considering giving it up for earning from
crypto, i think its just to volatile and I tried trading but didnt make any
massively noticeable gains from it.

I would imagine to make big useable gains there would have to be a big
amount of investment . . .

endlasuresh

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Activity: 756

Merit: 103

I am now into full time investor in Crypto currencies, however I still spending some money in buying. In the first I losted in scams, but at this time gaining through trading, I would suggest you spend little bit in much programs that are genuine.

Never put all the aggs in one basket as they can hatch all in once at a time.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: cryptohome on October 24, 2017, 03:51:05 AM

Is there anyone here that is making money full time in the cryptospace? If so, can you help guide with below questions?

I do trade but on a mid to long term basis. But I will try to help you out.

Quote

> What is the minimum investment a newbie needs?

For a newbie a small investment is better than a big one. There will be losses and you will gain experience from your losses. To prevent those from being too big I suggest newbies to start with small amounts before thinking of something big.

Quote

> How do you select an investment?

Depends on the coins developers and the idea that they are working on. If its unique and the team is real and workign hard then only I invest. However this decision often tends to be a gut feeling which is right or wrong in 50% cases.

Quote

> Do you HODL or day-trade?

Mainly I HODL specially for bitcoin, ethereum, litecoin and ripple. For other ether based tokens that seems to be slowing down development I tend to sell 70-80% , get the profit and hodl the rest.

Quote

> If you day-trade - how do you pick a coin that is day-trade worthy?

I dont day-trade so I cannot answer this question.

blozo

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Activity: 308

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Day trading is not really advised if you are a newbie, you will most likely lose money. You can maybe start with a small amount and improve with time.

Find good projects and hodl is a better way to earn money

mysacrifice

full member

Activity: 364

Merit: 104

I do live full time on cryptocurrencies. I spend 4-5 hours a day. Mostly doing day trading, let's say 70 percent of the portfolio. Rest is for long term which means but and hold.

Minor Miner

legendary

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Be A Digital Miner

1. I suppose 500-1000$ will be enough for beginning.
2. Make deep fundamental and technical research.
3. I have both portfolio for HODL (30%) and day-trading (70%)
4. First of all I'm trying to find releases, exchanges listings and so on. After I use tech analysis to find the entry point.

P.S.
If you are newbie you should not try to be trader. Just use HODL strategy. And do not invest all of your BTC into alts Wink

okae

legendary

Activity: 1401

Merit: 1008

northern exposure

Quote from: cryptohome on October 24, 2017, 03:51:05 AM

> What is the minimum investment a newbie needs?

It depends on how many are you willing to lose.

Quote from: cryptohome on October 24, 2017, 03:51:05 AM

> How do you select an investment?

Research, about who are behind the project, what projects they did in the past, how good is what they propose, ICO? support? is there something new on what they propose? etc etc etc in the end, everything related to the project and his owners.

Quote from: cryptohome on October 24, 2017, 03:51:05 AM

> Do you HODL or day-trade?

It depends on the project and how things are going on.

Quote from: cryptohome on October 24, 2017, 03:51:05 AM

> If you day-trade - how do you pick a coin that is day-trade worthy?

Checking the news about it and looking at graphics could give you an idea about what is going to happen, keep in mind that obviously there is nothing 100% sure.

bundo

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If as a beginner I focus on collecting coins first, because it does not have a coin if you want to invest or want to trade can buy coins first when prices fall and sell when prices rise so that it can profit.

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