Can I make passive daily income with trading?

Sinjokubhi

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Sinjokubhi

Quote from: kukidada on November 18, 2017, 10:40:34 AM

Can I make passive daily income with trading?
I have little money of about 100$, Is it a good idea to start jump on Bittrex or Poloniex and
start buying alt coins for profit.

For daily income, I don't think so, but for weekly, or monthly or yearly income I think I can. But if you choose weekly or monthly, the benefits you can get are not so much. It all depends on the conditions of the currency at the market place, even if it is uncertain every week or month the currency will increase continuously. Because passive income can only be done on long-term income.

You have to trade for a daily income, which is known to be more risky trading, as opposed to holding a currency that has already been bought and then sold when the price goes up. In trading, we both sell, but we need to pay attention and predict the ups and downs of the currency being traded. Do not let us make mistakes in predicting and selling it when we put a big price. If you are an expert in trading it is not difficult to find daily income from trading.

TedMosby

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https://bitcointalk.org/index.php?topic=5274318.0

Quote from: kukidada on November 18, 2017, 10:40:34 AM

Can I make passive daily income with trading?
I have little money of about 100$, Is it a good idea to start jump on Bittrex or Poloniex and
start buying alt coins for profit.

trading is not a passive thing. it's an activity.
however, there are some options that could make trading activity gives you passive income.

1. you can use a trading bot. you can buy or rent a trading bot. however, $100 is not a good portion of money to start trading with a trading bot.
2. copy trading. some exchange market like bityard has copy trading feature. you can start copy trading with only $5 per order.

day-trading is exhausting. Not only physically, but mentally too.
from my experience, holding and doing nothing is more profitable Grin

Hobo66

hero member

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If you have already researched coins and understand the strategies of coins pump amd dump then you have good time to inveat in trading. Always try to buy top 20 coin. Less chance to be escrow.

Betaj00

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Of course you can make daily a passive income from crypto currency trading. Many trader already doing this trading business for passive income. But you neex need to more knowledge, more information about crypto currency and crypto market.

imstillthebest

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Quote from: bakasabo on February 12, 2021, 05:16:58 AM

Quote from: SmokerFace on February 12, 2021, 04:13:47 AM

For me you won't get a passive daily income on trading if you only have a 100$ to invest or to start in because you need a huge capital if you want a passive daily income and not of all your trade will become successful it depends on the market movement better go for the long term and i will make you sure that you will get an income but you need patience because 100$ is very small on trading and your profit are depends on the percentage changes of the coin.

I think you have confused something. How can the amount invested affect on a passive income? You can buy USDT for example, transfer them on fixed savings on Binance, click auto-transfer button and start getting daily profit. You can buy TRX via Trust wallet and stake them. Or you can connect to copy-trade API and it will simply copy trades of a successful trader (I dont recommend to use copy-trade strategy). Amount invested is not a problem, just understand that with small sum trader would get small income. That is it.

the invested amount can affect the way you earn because if you invest small you can earn small too but if you are good at this game you can slowly grow your small capital . binance savings and stakings are a great suggestion to earn a passive income apart from earning active income in trading but 100 dollars is small if we divied this in to three parts . we need to choose 1 first , let say trading and grow it and then choose between staking and savings . if success add the third one

bakasabo

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Quote from: SmokerFace on February 12, 2021, 04:13:47 AM

For me you won't get a passive daily income on trading if you only have a 100$ to invest or to start in because you need a huge capital if you want a passive daily income and not of all your trade will become successful it depends on the market movement better go for the long term and i will make you sure that you will get an income but you need patience because 100$ is very small on trading and your profit are depends on the percentage changes of the coin.

I think you have confused something. How can the amount invested affect on a passive income? You can buy USDT for example, transfer them on fixed savings on Binance, click auto-transfer button and start getting daily profit. You can buy TRX via Trust wallet and stake them. Or you can connect to copy-trade API and it will simply copy trades of a successful trader (I dont recommend to use copy-trade strategy). Amount invested is not a problem, just understand that with small sum trader would get small income. That is it.

darthflux

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It's not that you could earn a passive income on trading. It still depends on the market and on how you trade. Like if you are on the spot or scalping trading you could earn a little from it. but still, you should watch the market on how it will go or you can use some trading algorithms like Mudrex to make your daily trading easier.

SmokerFace

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For me you won't get a passive daily income on trading if you only have a 100$ to invest or to start in because you need a huge capital if you want a passive daily income and not of all your trade will become successful it depends on the market movement better go for the long term and i will make you sure that you will get an income but you need patience because 100$ is very small on trading and your profit are depends on the percentage changes of the coin.

timmydakolo2

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Quote from: kukidada on November 18, 2017, 10:40:34 AM

Can I make passive daily income with trading?
I have little money of about 100$, Is it a good idea to start jump on Bittrex or Poloniex and
start buying alt coins for profit.

Is a good start for a capital but for the massive just like you say it don't think, I can't give you 100% assurance of hitting win win on your daily trade market at times is funny to go by. And in my own words you will need to upgrade the capital more to gain it big. Because capital alone can affect you.

Agapelove

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Passive investment means you're money gains profit by doing nothing. In cryptocurrency, if you just hold your coins it may increase or decrease in value. And when they increase that not necessarily a.profit unless you get your coins out of the expchange platform. Considering also the fee of using exchange platform. So, if you just hold them, it may decrease again. Therefore, you can't do passive investment daily. But long-term will do.

crpytpublica

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If you are a beginner in the field of trade, then count on a quick passive income is not necessary. And, so, if you constantly develop in the field, of course to receive income, really.

nydiacaskey01

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I dont think that's possible to earn passive income in trading. Passive income is earning money even without doing much to make it and you cant do that in trading. You cant just buy and hold, you need to monitor and look for updates to see if your investment is still earning or not. If you joined those group who will trade for you, that's not trading.

eliteeservices

newbie

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100 is not enough to invest. Professional investments have upwards of 100,000 minimums https://alphazadvisors.com/investment-strategy/

Such strategies have proven track records. With 100 the best bet for you is to buy lottery tickets.

prashanta

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Of course this is not so difficult than impossible, but now many things have been bought and there are many websites where you get buy and sell technical instruction (like https://coinmarketcal.com/ or https://www.tradingview.com/). Buying and selling can earn huge revenue, it seeks the best information and knowledge so that it comes with passive benefits, so try to acquire your knowledge and an estimated business.

negancoin

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It's old post but I think a lot of newcomers will read it because they have same question. Let me tell that 100$ in crypto space worth nothing, it would just amount of money that you can use to learn how to trade in real life, in most case you end up losing that 100$.
I think what matter for you as newbie is the knowledge, the more knowledge and experience you get, the more income you get, So try first to spend time on learning about crypto, trading etc

Lazada

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Quote from: hahay on October 16, 2018, 07:08:08 PM

Quote from: Shutup on October 16, 2018, 06:07:50 PM

Yes day trading is theonly way l know to have income now.To all small timers like me l only hope now for my income to day trade to survive the needs of my family.I thank a lot because l discover this to provide the needs of my kids.It's just a little income but can help my kids needs.

I'm not sure you can cover your family's needs with trading days that only start with small capital, this is an old thread that seems at that time the market is increasing, not sure. But for now I'm not sure you can start with just $100 to get a good profit every day. This year's market isn't good enough, so how can you do that?

Actually the opportunity to do Trading is a good thing. Very open opportunities to be able to get income that can meet the costs of everyday life. In fact, many people have experienced success when they trade. Even the money produced can be far more than people who work in the real world. So the opportunity is huge and let's trade and be a part of success !!

hahay

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Quote from: Shutup on October 16, 2018, 06:07:50 PM

Yes day trading is theonly way l know to have income now.To all small timers like me l only hope now for my income to day trade to survive the needs of my family.I thank a lot because l discover this to provide the needs of my kids.It's just a little income but can help my kids needs.

I'm not sure you can cover your family's needs with trading days that only start with small capital, this is an old thread that seems at that time the market is increasing, not sure. But for now I'm not sure you can start with just $100 to get a good profit every day. This year's market isn't good enough, so how can you do that?

Shutup

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Quote from: kukidada on November 18, 2017, 10:40:34 AM

Can I make passive daily income with trading?
I have little money of about 100$, Is it a good idea to start jump on Bittrex or Poloniex and
start buying alt coins for profit.

Yes day trading is theonly way l know to have income now.To all small timers like me l only hope now for my income to day trade to survive the needs of my family.I thank a lot because l discover this to provide the needs of my kids.It's just a little income but can help my kids needs.

FerrisWheel

member

Activity: 309

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Passive income means your money make another money without you dropping a sweat, so you can't say that trading is a passive income..

arida_ds

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Activity: 143

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Income from cryptocurrency should rather be calculated in the long term, daily income will change both in the positive and negative side. And after a few months it will be possible to say for sure whether the contribution was successful.

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