Can I make passive daily income with trading? - page 16.

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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.

Wrong choice of words mate. If we say "PASSIVE INCOME", it is your income even you are not doing anything. Example is when you own a mall or a restaurant. You don't need to work in order to have income because you can hire some persons that will work for you.

In trading, you need to become active so I consider the profits in trading "ACTIVE INCOME" because you are working into it. In your question, you cannot do passive income in trading because at first place it is an ACTIVE INCOME.

etron

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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.

GawirZZ

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it seems difficult because to make it into the form of money is very difficult and long, most can per week for regular income.

TheNextChampion

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Of course we can do that but it comes with the risk. If you want to have a daily income then do trading but you need a good bankroll to start with. Knowledge too in day trading is important. I always have a hard time doing day trading because one trade can make you lose. If you are afraid to lose then just do holding. Do research of your target coins but it won't give you a daily income but only for long term profits.

aardvark15

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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 voted holding because I don’t think trading would be called passive income. I think of passive income as something that requires little to no work after you set things into place.

Trading can require a lot of time an effort to chart the price and to constantly set buy and sell orders.

Holding just requires the initial research and buy order and then you are done. All you need to do is wait for a specific time to sell or set a sell order at a specific price.

Kupid002

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Quote from: nik9990 on June 04, 2018, 10:26:31 AM

on such a sumum it is better to buy unknown or unpolarized coins and put on a good growth in the medium term

well depends on your skill of knowing if this is such to be the good one coin to try on and make some profit but if this is not then you may also have the chance to choose on some of the best coin and profitable one to make it passive income while you are in trading.

nik9990

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First Islamic Crypto Exchange

on such a sumum it is better to buy unknown or unpolarized coins and put on a good growth in the medium term

crazy-pilot

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SmartFi - EARN, LEND & TRADE

I dont know about passive, only if you would use some services that allow automated trading, but you can make a good daily income

Chrystora123

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Omicron is another FUD

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.

become a daily trading very profitable, you just need a capital that is not too big...it seems easy to become a trader but in fact very difficult to be a trader because the analysis, money management, patience, and timeliness must be owned by a trader.

suvo05

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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 don't think it is possible to earn daily with trading if you start with just $100. It is very much possible to earn 2x, 3x of your investment from altcoin trading but you need to hold and wait for the right opportunity.

hieu81

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Quote from: Genrix on March 31, 2018, 11:39:47 AM

Dont choose lending and HYIP platforms, it is like a gambling, you are not responsible and can't influence on that income. Trading and mining is ok. Mining is fully passive income, but trading is an active income and only can become passive if you invest in particular trader who shares profit with you

if to engage in trade, then I would not call this activity passive. Well, if you decide to invest your money in a particular person who will multiply your fortune, then this is the same investment.

Grillo

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You can easily make a passive income out of that, but you need to undeerrstand that this is not an instant process, and it can take a while until you start seeing new profits coming in to your account. I saw a lot of people losing their money because of this

Colt22

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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.

Yes here he is wrong but I got his point. I think by passive he want to tell that he want to earn a little amount which he can handle for some of his expenditures.
In that reply I will suggest that the question of him shows that he do not involved in trading and do not know much about the skills of trade that is why I am saying that if he will go like that then he will lose his money and will not get much. Better is that first he learn from any expert trader and when he will learn them all then he will know that will he earn or lose with that step.

doycku

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Quote from: Arkyo on May 30, 2018, 03:11:18 PM

It seems to me that the question itself is wrong. As someone here have already noted, trading involves an active income. Moreover, we are not always talking about income, there are losses in trading. Passive income, rather, may be related to real estate...

Of course, if you invest in real estate, then this is a real passive income. But only this investment has much less risk than investment in the crypto currency.

Arkyo

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It seems to me that the question itself is wrong. As someone here have already noted, trading involves an active income. Moreover, we are not always talking about income, there are losses in trading. Passive income, rather, may be related to real estate...

cryptowolfsu

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Passive and trading - these two words are contradictory in the same sentence,
as trading requires a lot of activities. But If You invest in some coins where there is possibility
for staking that can be a passive income. Or if You invest in coins with Masternode rewards it can be a passive income as well.

Pearls Before Swine

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If you have to perform any action at all to earn money, it's not truly passive. "Passive income" refers to stuff like interest on bonds or savings or dividend payments from stocks. Pretty much anything else requires you to work for it and otherwise not be passive.

I have yet to see a good way to earn passive income with crypto, except with proof of stake coins but a lot of those are bogus in my opinion, and they aren't reliable sources of income. You could try lending out your bitcoin, since that doesn't require a lot of effort. I think sites like Poloniex allow you to do that. Trying that on bitcointalk requires more effort, since you have to make and keep up with your lending thread plus deal with the risk of the borrower defaulting. It can be a true nightmare.

Cryptoproff

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In trading there is no passive income. Even for investment, you need to spend a lot of time to choose a coin for investment. And about the trade within a day, I do not say at all, because time consumes a lot on the trade.

RakknRoll

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You cant make a passive daily income with trading because if you are going to do that then sad to say your trading business is not going function well because the trading industry put hard ship in day to day transaction of the business to survive.

Jlv

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The Future Of Work

The market is not stable as of the moment and I think there is no passive income in trading you have to work on it, maybe you must try holding for a long term investment then you will earned more profits there.

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