Can I make passive daily income with trading? - page 26.

pinoyden

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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.

short answer is no. trading is an active task that means to trade in order to profit therefore its not passive but if you really want a passive income then try investing in pos coins or proof of stake coins because they offer staking rewards and bitcoin also can give you a passive income just by holding it for a longer time.

Bonakid

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It is impossible to have a passive income daily with trading unless you will work hard for it.Trading is not easy we cannot earn here if we do not know the skills and we are not an expert ,we all know that trading is for long term investment we need to wait patiently to earn a good profit.

Gameroid

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Quote from: Frank0209 on November 18, 2017, 03:01:31 PM

Passive income mean you don't have to do anything but you still gain money everyday or month but with trading I think it's impossible cause you need to buy and sell by yourself and finding a good cryptocurrency to trade is not easy and I think bot can't do that. I think you only can earn daily passive income by investing in lending system but it's too risky and 100$ is not a big amount so the amount you'll get everyday will be small as well.

I do not think that passive income is possible from trading. In fact trading is predictable, In different conditions and timing you can get different result from trading, therefore i do not think that it is possible to get fixed and passive income from trading. You need to remain as active while doing trade specially for short term trading.

Granxis

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I think there are those who want to make regular income, it is impossible to earn regular income with trading. There have been days I've been waiting for 2.5 months, but I've been hurt.

Gameroid

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Quote from: richardsNY on November 18, 2017, 05:48:35 PM

Quote from: mobnepal on November 18, 2017, 02:59:34 PM

If you want to make passive income than holding is best but you might not earn daily like you have asked in topic.

If you buy and hold, regardless of how much the price increases or decreases, the quantity of your coins will always remain the same. The only way you make profit is by selling at a higher price than where you bought them at, and that usually is a one time profit making opportunity. It requires action from your side, which basically means that it isn't passive income at all. Passive income is when you earn money (i.e. increases the quantity of your coins/money) while sleeping. People are constantly chasing this sort of income, which explains why cloud mining is a popular option amongst noobs.

Yes that can be right that only passive income that we can get from trading is to hold our investment. In fact holding bitcoin can give you a good profit but you must hold your bitcoin for a long long time, because in long term we can expect a good profit from bitcoin which i do not think is possible from short term investment, where you need to be more active.

dharnamonitor

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Passive income you say? Trading is not like that, you can't make a profit with it without doing anything. Investing in lending and holding your bitcoins is another source of passive income because you just invest it and you don't have to do anything but you make profit with it but in trading? No, its not mate.

richardsNY

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Quote from: mobnepal on November 18, 2017, 02:59:34 PM

If you want to make passive income than holding is best but you might not earn daily like you have asked in topic.

If you buy and hold, regardless of how much the price increases or decreases, the quantity of your coins will always remain the same. The only way you make profit is by selling at a higher price than where you bought them at, and that usually is a one time profit making opportunity. It requires action from your side, which basically means that it isn't passive income at all. Passive income is when you earn money (i.e. increases the quantity of your coins/money) while sleeping. People are constantly chasing this sort of income, which explains why cloud mining is a popular option amongst noobs.

dinoloverpete

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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.

It is strange to think of passive income from cryptos in a daily way, as usually those who consider daily profit are pretty active. I would say that your best bet is just to invest in a coin, probably bitcoin and just watch it grow. That's the only real passive income you'll get. If you want to be more active then you can look in to day trading but it's not passive.

Aikidoka

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If you work hard and make good profits every time you trade, then you will regularly have a passive income. But it is not going to be daily unless you trade and make a good profit each day. It is quite hard if you ask me unless you are an expert at trading.

Furthermore, I do not think you spend the whole day at home. Perhaps you have something else to do. Trading takes lots of time and efforts to come up with a good strategy as well as keeping an eye on the market.

Frank0209

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Passive income mean you don't have to do anything but you still gain money everyday or month but with trading I think it's impossible cause you need to buy and sell by yourself and finding a good cryptocurrency to trade is not easy and I think bot can't do that. I think you only can earn daily passive income by investing in lending system but it's too risky and 100$ is not a big amount so the amount you'll get everyday will be small as well.

mobnepal

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If you want to make passive income than holding is best but you might not earn daily like you have asked in topic.

If you want to make daily profit than you have to do trading actively, short term or day trading is best way to get daily income.

Mining is not profitable unless you have free electricity.

Investing in ICOs is another risky way to increase your total assets but you should only invest what you can afford to loss in ICO.

kim93

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If you have correct idea about this please mention about it.I am new to this and also I would like to trade with crypto currency.I have a question.

1.There are many coins under 1$ and some are above it.When I buy It what should I buy to increase the profit.( I have an idea;It is better to buy the
coins which are above the 1$.I think their price is changing rapidly.This may be stupid question Shocked

Can some one help me.)

PrinceCaspian

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You cannot make passive income in trading because the market is volatile so it means that you will not make money everyday and you will get some losses that is not a qualified thing in passive income because you need to earn everyday so i think trading is not considered as a passive income.

TwSeventh

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i think he made a wrong statement here,
i understand what he's talking about,he's saying about get a money from daily trade for his life daily or something else.
but if you want to get a money for your life,you can not investing your money into online investment.
because in my opinion your capital are not suffice to fullfill the requirement for your daily life.
the best way to do it is by doing trade,but it will not become a passive income instead it'll be an active income.

ASHLIUSZ

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Trading is not an easy go or an easy profiting source. It has got its own risk as well the continued analysis about the market. Only then can make the right selection of coins which can be bought for the trading purpose. Making passive income is possible, but the same cannot be made as sustained income.

Sasuke102001

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Yea maybe you can earn daily by trading bitrex or any exchange sites but I have a doubt that you won't earn that much in just a day by trading because I for good profit you have to buy and sell something whose value fluctuates very only then I guess there would be a chance of earning good. But if you say about 2 days or 3 days or maybe a week then maybe there is a chance of earning (a good amount) from trading.

webtricks

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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't make passive income with any form of trading. Trading word itself represent an element of risk. Traders make P&L after fixed periods to analyse whether they making profit or loss, it is nearly impossible for them to calculate everyday profit in trading. Cryptocurrencies are no difference. You may double your $100 in a day or lose all, cryptocurrencies are too hot for stable investors. This market is now grown into a bold one where coin rise one day and fall very other day. So it is better to use other ways if you considering fixed returns.

omonuyak

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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.

As a trader, I can only advise you to invest into altcoins/bitcoint or fiat trading as this is the major way you can make massive profits daily if you know how it works. Investing into an Ico projects is also profitable and if you can do good analysis on any of the project's it has faster return on investment. The current projects am promoting has a good teams behind it: matrixcoin.

KuromaYoichi

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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.

No you can't get passive income with $100. Passive income is the income you get by doing nothing and the only way to do that is to buy dividend token like maybe taas but they pay the dividend every quarter and $100 investment will not earn you much. But doing some trading is a different situation, it's not passive income but you can earn much according to your trading skills.

Thanasis

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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.

If you wanna earn income through trading,first you need to select the crypto for your trading but I think bitcoin is good to start for a beginner in trading because altcoin price are very unstable if you picked the wrong one you may lose your investments.And $ 100 is not enough to start trading with bitcoins so you need good amount of money to get good profits.Try to do small trades initially even the profit is small make your trades and earn small profits from it.When you know all techniques in trading then you can go with altcoins too.

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