Can One Actually Do Crypto Trading As A Living?

AakZaki

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Quote from: Mahanton on October 10, 2022, 05:13:23 PM

Its an option but something that you cant really able to do easily.It does take years and lots of errors and mistakes you would really be experiencing and it does really require lots of efforts and time you would be spent.
We do know that not all would really be that successful on trading career.Lots had failed but there are people who do able to sustain themselves on the market.Yes, its hard but its something that you would really be
liking to have that skill since it could really make you financially free if you do able to make yourself handle or sustain for longer runs.You could make trading as your job or living but this is something
a very risky thing to be done.You would be finding yourself to realize those things once you do step your foot into the market and make up some trades.

Those who are able to survive in the market do not mean never fail. there will definitely be some mistakes they make but they can fix it. Studying market conditions in order to know the rhythm will certainly be very helpful, and this also depends on how to exercise self-control when trading and manage capital well. It is not easy to stay afloat in the crypto market, we really need to be able to adapt quickly. Making trading the main job for life is a good choice for those who already understand, but it will be very risky for those who only have basic knowledge or are still beginners.

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Quote from: Fredomago on October 13, 2022, 09:44:46 AM

Quote from: globalpain on October 13, 2022, 07:56:19 AM

Quote from: NicNacCoin on October 12, 2022, 07:45:47 PM

Quote from: Sunrise360 on August 28, 2022, 08:18:32 AM

I've heard of many people talk about cryptocurrency and its potentials all the time and at a point I begin to wonder if one can just depend fully on cryptocurrency as a means of livelihood.

One can fully depend on the trading platform but must have adequate knowledge about the trading platform.If you can follow every signal and indicator. And if you can analyze the market, you can get good from the trading platform.If you can achieve something good then surely you can survive there and make a living.

It is certainly not an easy job because it requires extensive skills and knowledge.
when we have it all then we can more easily to take profit on trading platform,
if you want it like that, continue to increase your knowledge and skills

You need special skills as you needed to work alongside with those experienced and expert traders. It's all in your hands once you set your foot inside the market. People who choose to push forward are taking the risk of losing their hard earned money. It's not something that you can just rely with your luck each time you place your position.

Though it's workable if you are really keen to learn and you are serious about the business that you are taking.

Sustain and survive would be your main target because this is where you do really get your income for you to live on day to day basis.We do need money to survive which it would really be that normal that you

would be doing your best to make profitable trades and doesnt really need to wait up a long period of time before you do reap off profits on your trades.Therefore, this do talks about active daytrading which would
really means that you would need to face off volatility on very active manner which is something that not everybody could pull it off.
Even myself been trying to make active trading to reap off profits on short time but this isnt always ending up on positive but rather ending up on losing money.

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Quote from: globalpain on October 13, 2022, 07:56:19 AM

Quote from: NicNacCoin on October 12, 2022, 07:45:47 PM

Quote from: Sunrise360 on August 28, 2022, 08:18:32 AM

I've heard of many people talk about cryptocurrency and its potentials all the time and at a point I begin to wonder if one can just depend fully on cryptocurrency as a means of livelihood.

One can fully depend on the trading platform but must have adequate knowledge about the trading platform.If you can follow every signal and indicator. And if you can analyze the market, you can get good from the trading platform.If you can achieve something good then surely you can survive there and make a living.

It is certainly not an easy job because it requires extensive skills and knowledge.
when we have it all then we can more easily to take profit on trading platform,
if you want it like that, continue to increase your knowledge and skills

You need special skills as you needed to work alongside with those experienced and expert traders. It's all in your hands once you set your foot inside the market. People who choose to push forward are taking the risk of losing their hard earned money. It's not something that you can just rely with your luck each time you place your position.

Though it's workable if you are really keen to learn and you are serious about the business that you are taking.

globalpain

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Quote from: NicNacCoin on October 12, 2022, 07:45:47 PM

Quote from: Sunrise360 on August 28, 2022, 08:18:32 AM

I've heard of many people talk about cryptocurrency and its potentials all the time and at a point I begin to wonder if one can just depend fully on cryptocurrency as a means of livelihood.

One can fully depend on the trading platform but must have adequate knowledge about the trading platform.If you can follow every signal and indicator. And if you can analyze the market, you can get good from the trading platform.If you can achieve something good then surely you can survive there and make a living.

It is certainly not an easy job because it requires extensive skills and knowledge.
when we have it all then we can more easily to take profit on trading platform,
if you want it like that, continue to increase your knowledge and skills

Chato1977

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Quote from: GreatArkansas on August 30, 2022, 01:53:23 AM

Quote from: Chato1977 on August 29, 2022, 10:36:54 PM

Quote from: Sunrise360 on August 28, 2022, 08:18:32 AM

I've heard of many people talk about cryptocurrency and its potentials all the time and at a point I begin to wonder if one can just depend fully on cryptocurrency as a means of livelihood.

it can be , if you are a full time trader and totally understand the market? then I see no issue on why you can sustain your living using trading platform and exchange.
(....)

This is still difficult. This is a very long process, and it will take you more time but if you are consistent and dedicated, it will help you to achieve those.
Not always is a good experience when you are trading. There are already a lot of traders who became bankrupt or did stop trading because of their losses.
That's why if you want to do trading as a living, you must become dedicated and consistent, it's not a joke, you need to sacrifice.

Yeah actually that is what I'm trying to impose here , that if you are a quality trader then it is indeed possible to live completely from trading. But also indeed that there are only few that sustain this while there are much of them that lose and blame trading and crypto because of their stupidity and greediness.

Quote from: mich on September 08, 2022, 03:40:18 AM

Well I dont want to come say its 'impossible' to make profits doing crypto trading for a living but I dont know 1 person who does this to make a earning with this as their job. Trading crypto daily is much different from trading stocks daily which I know there are many many people who do this.
If someone can really make a living trading crypto daily this person has a special skill that involves alot of luck too since the Crypto market is always so volatile.

then you are not as crypto person at all , not knowing even one person that make or uses trading for living? who mentored you in crypto mate?

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If its a job, unless you are trading other people's money, try not we should not be trading our own money, so u earn fees for managing other people money
Even if you have enough quantum to trade and make a difference, it should always be side income. because its as good as going to casino with an illusion of edge.

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Quote from: AakZaki on October 12, 2022, 05:55:14 PM

Quote from: Mahanton on October 10, 2022, 05:13:23 PM

Its an option but something that you cant really able to do easily.It does take years and lots of errors and mistakes you would really be experiencing and it does really require lots of efforts and time you would be spent.
We do know that not all would really be that successful on trading career.Lots had failed but there are people who do able to sustain themselves on the market.Yes, its hard but its something that you would really be
liking to have that skill since it could really make you financially free if you do able to make yourself handle or sustain for longer runs.You could make trading as your job or living but this is something
a very risky thing to be done.You would be finding yourself to realize those things once you do step your foot into the market and make up some trades.

Those who are able to survive in the market do not mean never fail. there will definitely be some mistakes they make but they can fix it. Studying market conditions in order to know the rhythm will certainly be very helpful, and this also depends on how to exercise self-control when trading and manage capital well. It is not easy to stay afloat in the crypto market, we really need to be able to adapt quickly. Making trading the main job for life is a good choice for those who already understand, but it will be very risky for those who only have basic knowledge or are still beginners.

For those who had able to make themselves profitable then we dont know on how many failures that they had experienced and encountered before they do able to achieve on being successful.

Just like been said that this wont really be that easy on making trading as a living.Its true that its never been simple and this is where other people trying out or testing out on doing the same thing but eventually

fail because they do really thought that it could really be done on just few tries.It would really be needing lots of patience and determination and crucial decision making
before you could acquire such skill.

NicNacCoin

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Quote from: Sunrise360 on August 28, 2022, 08:18:32 AM

I've heard of many people talk about cryptocurrency and its potentials all the time and at a point I begin to wonder if one can just depend fully on cryptocurrency as a means of livelihood.

One can fully depend on the trading platform but must have adequate knowledge about the trading platform.If you can follow every signal and indicator. And if you can analyze the market, you can get good from the trading platform.If you can achieve something good then surely you can survive there and make a living.

NicNacCoin

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Quote from: Sunrise360 on August 28, 2022, 08:18:32 AM

I've heard of many people talk about cryptocurrency and its potentials all the time and at a point I begin to wonder if one can just depend fully on cryptocurrency as a means of livelihood.

Of course he can be totally dependent on mad currency for livelihood.I have made my life successful depending on my own little bit and my whole family and I are living with this cryptocurrency money.But if you can work with courage and faith you can surely make a living from here too.But you have to work hard, nothing can be achieved without hard work.

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Quote from: adzino on September 03, 2022, 10:37:31 AM

Quote from: Sunrise360 on August 28, 2022, 08:18:32 AM

I've heard of many people talk about cryptocurrency and its potentials all the time and at a point I begin to wonder if one can just depend fully on cryptocurrency as a means of livelihood.

Nope. Never depend fully on crypto currencies for livelihood. Investing and trading in crypto currencies is very risky. I wouldn't listen to others here that are saying that it is fine if you are a "professional" or a "good trader". Doesn't matter if you are professional, you still shouldn't rely on something very volatile to pay for your family, food, rent and bills. Imagine you being a good trader and you made one mistake where you lose everything. Get a job, get paid every month and let trading be just a side hustle.

I would not say that you cannot make a good earning from trading for a living, but it’s not all the time that you can guarantee profits from trading especially if the market is undeniably bloody. However, if you can also make another investments outside crypto, then maybe crypto trading will give you additional income that will help you sustain your family needs and necessities.

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there are some people who trade for a living you can see this by researching, of course you have to have a lot of knowledge and a lot of capital to be able to get high returns in a few moves, you also have to know that when you have a lot of capital you risk losing much the biggest, from what I could see of the people who make a living from trading they also sell trading courses, what do you understand that they sell courses to compensate for the days when there are no profits or losses, they also create youtube channels to talk about trading, that is, they have more sources of income, which is even good because even in the real world, you cannot have just one source of income, even if it is a fixed salary, the person has to have more sources of income

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It is really possible to do trading for a living but it is very risky to do it in reality especially in crypto where everything is very volatile. Even experienced traders still prefer having a job that can provide them a stable income than focus solely on trading. If you plan to make it a living, you must have a huge capital separated just for that activity and make sure it can endure some losses so you can still recover it on your next trade execution.

Actually, I really want to say "NOT"
But, I see some people around me and I know several people who are living from crypto trading, being successful, and have some property in the real world because of crypto trading. But, I also know how they are, how they become a success in crypto trading because they really work hard, they are working more than us, taking high risks, lack of sleep moreover at night, professional enough because they will spend their time more to trading activities, doing more research every time, learning again and again. Their effort will really pay them.

But, if we want to keep trading as full-time activity and we don't want to learn much, do more, and also analyze more, it is better to leave. trading activities are not for lazy people. This is hard and very difficult to do and with high risks.

Mahanton

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On the other hand I might recommend it if trading becomes a livelihood for extra income, but I don't fully recommend it, because this kind of trading job carries a high risk. Trading became a side job for me and I myself still have a main job that will sustain my side job in crypto. Trading won't be profitable forever, there will be ups and downs so real job income will be sorely needed. But for those who have dedicated their lives to full crypto work, of course they should have more backups when the market is not as good as it is today. Management must be done properly so that it does not affect the finances too much.

Its an option but something that you cant really able to do easily.It does take years and lots of errors and mistakes you would really be experiencing and it does really require lots of efforts and time you would be spent.
We do know that not all would really be that successful on trading career.Lots had failed but there are people who do able to sustain themselves on the market.Yes, its hard but its something that you would really be
liking to have that skill since it could really make you financially free if you do able to make yourself handle or sustain for longer runs.You could make trading as your job or living but this is something
a very risky thing to be done.You would be finding yourself to realize those things once you do step your foot into the market and make up some trades.

Hamza2424

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Yes, Bro you can be a full time trader as if you have good investment and good strategy then there is nothing more needed follow the hyped news and do your DCA + Scalping with analysis that is going to be full time Bussniess hahaha you can enjoy the Beauty of life one tip here if you are hearts patient then avoid trading..

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Quote from: Farma on October 10, 2022, 01:11:43 AM

it can be done. I have a friend who trades daily to make ends meet. however, I personally do not recommend it. well, even though it's possible to earn a lot of income, and even fulfill your needs, it's still risky. I am thinking of having a source of income from other places that can also meet your needs. That's because we don't know what will happen in the trading world. You can lose a lot in one day. So, it's better if you have another source of income that can meet your life needs

What your friend has done is very brave and full of risk, if he is a professional trader of course it is not a big problem. I've seen the crypto market so gloomy for the past few weeks and don't have a good choice to think about it. Other income from other businesses is also important if you don't prepare before a bad market occurs you will also be late.

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it can be done. I have a friend who trades daily to make ends meet. however, I personally do not recommend it. well, even though it's possible to earn a lot of income, and even fulfill your needs, it's still risky. I am thinking of having a source of income from other places that can also meet your needs. That's because we don't know what will happen in the trading world. You can lose a lot in one day. So, it's better if you have another source of income that can meet your life needs

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No, is not advisable for anyone to do crypto trading as a living, because crypto is unpredictable, it can dump through out the year to make those that have other jobs that is bringing them money to exercise patience till the price will pump before they can sell to make profits. Even professional traders you see in the market, some of them are doing other jobs to earn money while some that look as if they are doing crypto trading as a living are expecting jobs to assist their income in the community.

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Quote from: Pandu Geddon on September 07, 2022, 09:40:08 AM

Quote from: CPNpr on September 07, 2022, 08:30:05 AM

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It is really possible to do trading for a living but it is very risky to do it in reality especially in crypto where everything is very volatile. Even experienced traders still prefer having a job that can provide them a stable income than focus solely on trading. If you plan to make it a living, you must have a huge capital separated just for that activity and make sure it can endure some losses so you can still recover it on your next trade execution.

I think it will be very foolish to trade for livelihood because if we are more serious about trading then we will face a lot of problems here so I think we should refrain from trading without taking anything seriously. Stomach never gains but losses most of the time so I think we should refrain from it.

nothing stupid, it's quite possible for a pro trader. Of course, you have to look at the capital and skills used.
maybe we just can't trade every day when the market doesn't provide support. Traders must be able to see profit opportunities. and keep some of it for assets. so traders will also have assets to trade as well as invest.
day trading may be riskier. especially for those who trade in futures. Of course, this won't be easy to do but I'm sure there are day traders who only earn from trading.

First of all we need to keep an eye on the market to chat if we buy the coins keeping an eye on the market then we will not face any problem later if we buy the coins with a snap decision then we will face a problem later so I think buying the coins Think carefully first and then it will happen

ChiNgadOr

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It all depends on the kind of trader that you are and your exposure in the crypto market. You can be a newbie that is just learning about cryptocurrency and how to buy and sell, then you choose to take that as a major source of income for yourself. It's not gonna work look has how volatile the market is and a mere mistake can make us lose big.

Trading as a major source of income is left to the big traders that knows how to read and understand the market. They have the experience and had passed through so many bear and bull seasons so they understand how the market works. We just have to keep learning about the market as things go by with time.

mich

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Well I dont want to come say its 'impossible' to make profits doing crypto trading for a living but I dont know 1 person who does this to make a earning with this as their job. Trading crypto daily is much different from trading stocks daily which I know there are many many people who do this.
If someone can really make a living trading crypto daily this person has a special skill that involves alot of luck too since the Crypto market is always so volatile.

Topic: Can One Actually Do Crypto Trading As A Living? (Read 1086 times)