Can I make passive daily income with trading? - page 14.

Direwolve735

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

Can I make passive daily income with trading?

For me, trading and passive income are incompatible things. In order to be a successful crypto trader, you need to apply every day efforts, follow the news and calculate the risks. Success in any business requires your strength, perseverance and work. Otherwise, any activity is doomed to failure.

kevpantof

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I mean if you are using a trading bot than yeah there is a chance that you can make money with trading. However "trading" is something you do by selling and buying. If you are not using a trading bot and doing it yourself than you need to buy and sell, which means you need to do something, which means its not passive. Passive income is something like a stock that pays dividends. If you do buy something like that than you can talk about passive income.

Crypto_Professor

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Quote from: slashz9 on November 18, 2017, 10:50:11 AM

I think your word is a bit wrong, if you say get a profit of course, but passive income is different again, passive income is when you do not do anything you keep money?
while trading you have to do it, you can not keep quiet and will get the money.

Well, this is not exactly the definition of passive income. If he is keeping his day or regular job, and does trading as of his spare time, break time or free hours, then he can call Crypto trading as his passive income avenue. Because he is not actively involved in it. How ever, I agree with you that crypto trading would need him to be involved, even if it is so called passive for him. To succeed in crypto trading, you need to do researches of the market, study the chats and monitor the market as well.

For your question, yes, you can make passive income from Crypto if you are smart and decisive.

dadanpradana

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passive income is when you do nothing but you get something, so you do not work but you get a salary.

may be mentioned in the trade in Bittrex or Poloniex it must be done and can not be silent right, so maybe you better follow the ICO just for passive income but look at first good ICO so as not to hit HYIP Proejct.

sedahan13

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Make money in trading is category of active income because you should be active to analysis the market and doing buy and sell many times, you can make montly profit from it if you are have strategy how to minimize the risk and to maximize the profit. Trading is not easy so you have to learn continuously and always learn from previous mistake.

jambul_kribo

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Quote from: jeraldskie11 on July 06, 2018, 10:04:46 AM

I can say no, because trading is not mining that you could just wait, left the computer and earn money. In trading, you need to watch all the time because in anytime the price will go down or go up so that you can make a decision in a very short period of time. If you don't care, you may put yourself into risk.

we must monitor the price movement if trading. without doing so we can lose our money because we do not know what happens in the market with the coins or tokens we buy. we can decide when to buy or sell our tokens

Blue Bell

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Quote from: nethan1btc on July 06, 2018, 09:54:50 AM

Quote from: chel0 on July 06, 2018, 08:57:23 AM

If you are a fulltime trader,I believe you can earn a passive daily income as a day trader. I suggest you to buy at least 3 altcoins in the top 5 list during the dip then observe the movement of the market price as it goes up before selling it.But this kind of trading needs patience and techniques as to when to buy and sell your coins for a better profit.I bet $100 as what you've said is just a little amount so you better choose the promising coins to trade.

You have a point on that mate but I don't think it could say a passive income since we here in crypto currency community as we try to wish our luck here. Also, due to the volatility of different altcoins we can never expect a great outcome but I can assure that it can have a great profit but as what I said not always as you may experience some losses of your investment since we just hoping here.

But it happens only in day trading not in mining, mining tools are now a day expensive to buy if you have money you can get huge profit but I think it is not good to have day trading and mining being a new user you should try to get in long term trading because it is good way of making money, I am one if long term trading and I use bounty campaign to earn free money for my daily needs, day trading needs a lot of knowledge and skills if you have skills then you can get wide profit.

binhvo1505

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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.

You can make money by trading everyday at some exchanges but you need to have special knowledge and strategies to make a profit. I have observed quite well and said that the free trade floors are always quite high volatility. So I recommend you trade there and it will be easy for you.

valisa

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I think if only a little bit capital is better to be a coin holder, because now many coins are cheap and have potential in the future, but if being a holder takes a long time and a bit of luck, I prefer long term trading because for me trading only side job

jeraldskie11

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I can say no, because trading is not mining that you could just wait, left the computer and earn money. In trading, you need to watch all the time because in anytime the price will go down or go up so that you can make a decision in a very short period of time. If you don't care, you may put yourself into risk.

nethan1btc

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Quote from: chel0 on July 06, 2018, 08:57:23 AM

If you are a fulltime trader,I believe you can earn a passive daily income as a day trader. I suggest you to buy at least 3 altcoins in the top 5 list during the dip then observe the movement of the market price as it goes up before selling it.But this kind of trading needs patience and techniques as to when to buy and sell your coins for a better profit.I bet $100 as what you've said is just a little amount so you better choose the promising coins to trade.

You have a point on that mate but I don't think it could say a passive income since we here in crypto currency community as we try to wish our luck here. Also, due to the volatility of different altcoins we can never expect a great outcome but I can assure that it can have a great profit but as what I said not always as you may experience some losses of your investment since we just hoping here.

nguli

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yes you can do that when you have mining tools that can provide altcoin very much every day and you can sell and you make passive income.

chel0

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If you are a fulltime trader,I believe you can earn a passive daily income as a day trader. I suggest you to buy at least 3 altcoins in the top 5 list during the dip then observe the movement of the market price as it goes up before selling it.But this kind of trading needs patience and techniques as to when to buy and sell your coins for a better profit.I bet $100 as what you've said is just a little amount so you better choose the promising coins to trade.

BlackPanda

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Quote from: JohnWick_Bitcoin on July 06, 2018, 08:18:14 AM

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 you can but i highly prefer that you should always check the market price because it was constantly moving, so you will surely earn a huge amount of profit if you take time on trading.

It needs analysis and enough time when we determine will invest, especially on Altcoin which is always changing rapidly. Therefore, we must be really focused and appropriate in choosing the coin to be invested. The decisions we make will determine what we will get in the future. So whatever value of money we have, then the right decision maker that will make us become successful.

JohnWick_Bitcoin

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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 you can but i highly prefer that you should always check the market price because it was constantly moving, so you will surely earn a huge amount of profit if you take time on trading.

frankenmint

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Quote from: Cryptocoinbob on June 04, 2018, 11:57:49 PM

Depends on your bet and greed

Let me give you an example... I have been a casino gambler, and I used to go to casinos with $500 thinking I will make $1500 profit per night... I used to loose .

Then I changed my startegy and started going to casino with $2000, with an aim to make $200 profit per night... And this worked ! I was able to take better decisions... It was stress free, and easy money / passive income

that's gambling Roll Eyes

lushlife

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In trading? day trading, no.
If you want to earn passive income then long-term trading is for you.
Be sure pick those hidden gem coins.

Cindykhato

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Quote from: etron on June 04, 2018, 11:25:38 AM

in trade can not be said as passive income because in trade is active income, if you want to have a passive income do investment in i.o most likely this will help in your earnings.

Yeah passive income are those you earn from investment and I think what he mean is that if he do trading and hold for few days can it be a passive?

PayneCharity

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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.

I think the transaction is a passive way of earning money. Because passive income is the income, you generate when you do not need to do too much work. Good day trading is very time consuming, and you can earn a steady profit if you are a trader much experience

Kevondo

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Quote from: kateycoin on June 08, 2018, 05:12:03 AM

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.

I think to that amount of money you can buy a small amount too of altcoin I suggest to find a good coin that you can earn a profit to that kind of amount. Because you can charged a fee when you trade so the amount of your money will be less. Trading is needed of capital if your money is less I think you can't earn passive income.

it's right when the capital are low they cannot made passive amount of profit but if the trader are new they should start trade on lowest amount because new investors did not know about the fluctuation of market and when they invest money in some coins they can face loss because they are new . the benefit of start trade in lowest amount is they can well known about situation of crypto market and can expert in trade.

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