Earning a living from cyptocurrency options trading - page 4.

dinda22

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Quote from: JumperX on September 19, 2016, 07:47:37 AM

Quote from: phreaky on September 19, 2016, 04:02:29 AM

It is not an easy job to be able to make a living out of Bitcoin because it is hard to make money every month with Bitcoin. Bitcoin is also not stable and that is also something that makes it hard.
If you want to make a living out of it then you will have to be sure that you make enough money with it.

Yeah and you can make a living with trading only if you have huge capital to invest, as with higher capital you will also earn higher profits which can be enough for a living.

yes, you are right, to have a lot of capital it is quite easy to make a profit on the trade. moreover altcoin trading easier and a lot of choices, making it feasible to make a living from trading. because bitcoin trading tends to be more stable and trade bitcoin little difficult to be an earning living.

JumperX

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Quote from: phreaky on September 19, 2016, 04:02:29 AM

It is not an easy job to be able to make a living out of Bitcoin because it is hard to make money every month with Bitcoin. Bitcoin is also not stable and that is also something that makes it hard.
If you want to make a living out of it then you will have to be sure that you make enough money with it.

Yeah and you can make a living with trading only if you have huge capital to invest, as with higher capital you will also earn higher profits which can be enough for a living.

@prashant

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Quote from: phreaky on September 19, 2016, 04:02:29 AM

It is not an easy job to be able to make a living out of Bitcoin because it is hard to make money every month with Bitcoin. Bitcoin is also not stable and that is also something that makes it hard.
If you want to make a living out of it then you will have to be sure that you make enough money with it.

Exactly right anyone can not only focus on bitcoin/altcoin trading for his/her living.most of the new user can not even get 1 bitcoin in 1 year unless they go for risk services.trading is good for those bitcoin user who already have good backup of bitcoin i.e early users.

phreaky

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It is not an easy job to be able to make a living out of Bitcoin because it is hard to make money every month with Bitcoin. Bitcoin is also not stable and that is also something that makes it hard.
If you want to make a living out of it then you will have to be sure that you make enough money with it.

electronicash

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Quote from: AlgoSwan on September 18, 2016, 02:13:00 PM

Quote from: Rockie1234 on September 17, 2016, 07:38:45 AM

I would like to ask a question to OP.
i just got into altcoin trading and I've looked at some technical analysis methods (eg candlesticks and indicators). Altcoin trading unlike forex seems to be more about looking at the social aspect and seems to be based primarily on instinct. For example, say for some unknown altcoin, you need to know if it has a useful niche. How close to the truth is this?

You're very close to the truth. But still volume based technical analysis works on altcoins.

Technical analysis don't work much on crypto trading, its not like we can have a trading strategy solely base on the technical details as we don't even see some indicators available to our platform ulike on meta trader.

the only you can depend is the news letters of the dev. and people pumping it.

danherbias07

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Quote from: ajun96 on September 17, 2016, 08:12:50 AM

Quote from: Doamader on July 19, 2016, 09:25:05 AM

This is only possible for people with something like 20btc and exchanging all days to get enought profit to make a live from those, the others people with 1 btc and 5 btc cant live from this, its insane to even try it, they can get an income but not enought.

I think the larger the capital you have, the greater the possibility you to get a bigger loss. I think it's not a problem to use a small capital. because income from trading altcoin practically unlimited. so you can live from trade despite having a fairly small capital

It would just take it slower. Yes you did lowered the risk but there is also a cost for that. Why do some gamble a larger money? Well hey want to make it faster. The way you want it is slow but steady. I love that idea too, for I am a guy that sticks with the safer side now.

Dudeperfect

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Quote from: AlgoSwan on September 15, 2016, 04:15:30 AM

Quote from: Dudeperfect on September 14, 2016, 08:07:25 AM

I haven’t tried option trading yet but it seems interesting and yes if we have right strategy, enough capital and emotionless attitude then earning for a living is possible with trading. I made some profits with option trading in stocks but I have never tried it in crypto trading but soon I am going to start option trading. I think I should start with bitcoin and then to shift on other alt coins, what do you say?

You made some profits with options trading in stocks with which strategy? (spreads, or...?) Whatever strategy you succeed in stocks can be easily applied on cryptocurrency options. The trick is you should stay away from bucket shops (aka centralized binary options platforms), and stick with decentralized options platforms.

Yes I made some profits in stocks but don’t know why I am having difficulty in trading in crypto currencies. I think initially I was wasting my money in pump and dump schemes and then I moved to option trading. I am running on trial and error strategy and learning from steps, thanks for your suggestion. It will take some time to cope up with new trading platforms but I am ready to learn it from my mistakes.

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ancap

Quote from: Rockie1234 on September 17, 2016, 07:38:45 AM

I would like to ask a question to OP.
i just got into altcoin trading and I've looked at some technical analysis methods (eg candlesticks and indicators). Altcoin trading unlike forex seems to be more about looking at the social aspect and seems to be based primarily on instinct. For example, say for some unknown altcoin, you need to know if it has a useful niche. How close to the truth is this?

You're very close to the truth. But still volume based technical analysis works on altcoins.

ajun96

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Quote from: Doamader on July 19, 2016, 09:25:05 AM

This is only possible for people with something like 20btc and exchanging all days to get enought profit to make a live from those, the others people with 1 btc and 5 btc cant live from this, its insane to even try it, they can get an income but not enought.

I think the larger the capital you have, the greater the possibility you to get a bigger loss. I think it's not a problem to use a small capital. because income from trading altcoin practically unlimited. so you can live from trade despite having a fairly small capital

Rockie1234

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I would like to ask a question to OP.
i just got into altcoin trading and I've looked at some technical analysis methods (eg candlesticks and indicators). Altcoin trading unlike forex seems to be more about looking at the social aspect and seems to be based primarily on instinct. For example, say for some unknown altcoin, you need to know if it has a useful niche. How close to the truth is this?

senyorito123

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Quote from: ayesha sadiqa on September 15, 2016, 10:35:41 AM

Quote from: romero121 on July 19, 2016, 12:58:00 PM

Quote from: Doamader on July 19, 2016, 09:25:05 AM

This is only possible for people with something like 20btc and exchanging all days to get enought profit to make a live from those, the others people with 1 btc and 5 btc cant live from this, its insane to even try it, they can get an income but not enought.

As quoted its true that an good initial investment is required to have a better living with bitcoin. Just with a small investment users can only fulfil a part of their basic needs.

i even not believe on bitcoin for living if i invest a good amount of money, bitcoin is not so stable yet and not yet so trusted to believe on it for living although there is no doubt about this that bitcoin is very very helpful to me in economic assistant but not so mature to depend on it for living.

you can actually earn a living with bitcoin if you are good enough to do some various works wich pays you huge btc salary but if you are just relying on trading and wait for flactuation well theres no way really that you can earn a living with coin, tradings needs time some time to earn and flactuations are not really happening instantly thats why the earnings on that platform are unstable and thats the reason why we cant rely on this to earn a living.

rphk

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as I know option trading is not so easy , normal basic trading is good , and also earning living with option trading is requires more amount of investment . with small amount of bitcoin it s difficult to earning a living with bitcoin , that will useful for pocket money

.

Digitalbitcoin

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Ya its can give smart residual income in form of digital currency. Which can be exchanged to bitcoin. And Bitcoin can be exchanged to fit currency. Everything goes very smooth and fast, than traditional methods.

So concentrating on altcoin exchange can give certainly good ROI.

bitjoin

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Quote from: newcoins1978 on July 19, 2016, 05:16:23 AM

Quote from: AlgoSwan on June 15, 2016, 05:46:09 AM

Still options are so expensive in Etheropt exchange, I'm waiting for better pricing. And some expirations are so close, I like longer expirations which means I will have more time to make profits and apply proper hedging strategies (risk management) on my existing positions.

It is a hard to thing try and make a living out of cryptocurrencies only because that means that you will have to handle in allot of them to make enough money to be able to pay for everything that you need to pay.
For me it would not be possible that is why I use it as an secondary income.

The hardest thing is probably the lifestyle and then #2 would be actual skill to trade profitably.

You have to spend huge amount of time in front of screen, you think about trades while you are socializing/doing other things. It gets harder the older you get. Thats my thoughts.

ayesha sadiqa

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Quote from: romero121 on July 19, 2016, 12:58:00 PM

Quote from: Doamader on July 19, 2016, 09:25:05 AM

This is only possible for people with something like 20btc and exchanging all days to get enought profit to make a live from those, the others people with 1 btc and 5 btc cant live from this, its insane to even try it, they can get an income but not enought.

As quoted its true that an good initial investment is required to have a better living with bitcoin. Just with a small investment users can only fulfil a part of their basic needs.

i even not believe on bitcoin for living if i invest a good amount of money, bitcoin is not so stable yet and not yet so trusted to believe on it for living although there is no doubt about this that bitcoin is very very helpful to me in economic assistant but not so mature to depend on it for living.

AlgoSwan

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ancap

Quote from: Dudeperfect on September 14, 2016, 08:07:25 AM

I haven’t tried option trading yet but it seems interesting and yes if we have right strategy, enough capital and emotionless attitude then earning for a living is possible with trading. I made some profits with option trading in stocks but I have never tried it in crypto trading but soon I am going to start option trading. I think I should start with bitcoin and then to shift on other alt coins, what do you say?

You made some profits with options trading in stocks with which strategy? (spreads, or...?) Whatever strategy you succeed in stocks can be easily applied on cryptocurrency options. The trick is you should stay away from bucket shops (aka centralized binary options platforms), and stick with decentralized options platforms.

sbtctalk

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Let's say your monthly salary is US$2,000. I believe the progression towards full time trading with BTC has to be progressive, perhaps from a part time basis, using 2 hours per day, and see how much can you earn after one month.

Dudeperfect

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I haven’t tried option trading yet but it seems interesting and yes if we have right strategy, enough capital and emotionless attitude then earning for a living is possible with trading. I made some profits with option trading in stocks but I have never tried it in crypto trading but soon I am going to start option trading. I think I should start with bitcoin and then to shift on other alt coins, what do you say?

talks_cheep

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Quote from: ashkanb on July 19, 2016, 12:17:48 PM

i'll be following this thread closely , js;
i wasn't even familiar with the concept & because of this post now i'm all over the place reading what it is;
thanks in advance op for the hopefully super useful info you'll be posting here;

Quote from: Doamader on July 19, 2016, 09:25:05 AM

This is only possible for people with something like 20btc -snip-

i guess its a matter of perspective, i can totally make it work with 4,5 btc initial investment!
cryptos is a vast market & trading is not the only thing you can do with 4,5 btc worth of assets!

Your chance of becoming successful at it is almost zero. I can guarantee you, you will lose your initial investment. I've been here long enough to have seen so many noobs fail and lose their shirts. Some of these losers had extensive experiences in trading other assets. Cryptocurrency does not behave like other more established assets and currencies. You have better luck at gambling than trading.

blackmachinegun

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Quote from: AlgoSwan on June 15, 2016, 05:46:09 AM

Still options are so expensive in Etheropt exchange, I'm waiting for better pricing. And some expirations are so close, I like longer expirations which means I will have more time to make profits and apply proper hedging strategies (risk management) on my existing positions.

yeah I think you need more experience of life and work in bitcoin before you work full time and live in bitcoin I think you should
know bitcoin further before you living in bitcoin. I think the capital is very important for you to survive in bitcoin

Topic: Earning a living from cyptocurrency options trading - page 4. (Read 3704 times)