How can I earn from cryptocurrency as a starter? - page 8.

spiker777

sr. member

Activity: 1007

Merit: 279

Payment Gateway Allows Recurring Payments

Quote from: Slow death on August 07, 2022, 06:54:49 PM

my advice:

1 - Just trade with bitcoin - usdt or bitcoin - USD or Bitcoin - another good stablecoin

2 - don't day trade with altcoin, don't do that.

3 - study a lot of technical analysis and don't trade with a 15-minute chart, try to trade with a longer time chart. Bitcoin is more profitable if one buys low and sells high and doesn't catch small fluctuations, it doesn't generate profit in the long run.

example:

wait to fall to 19000$, buy and put Stop - loss at 17000$, when it goes up to 22000$, put stop - loss at 21500$ and only sell at 24800$ if there is a bearish reversal signal, if it breaks 24800$ then put stop-loss at 24800$.

do not do it:

bitcoin is at 23000$, buy and when the price reaches 23400$, sell and wait for it to drop to 23000$ and buy to sell at 23400$, this small fluctuation will not make a profit in the long run

altcoin trading can be profitable too bro if it is done properly and with carefully. in fact it's profit margin is higher than bitcoin because altcoins prices are lower. it is easier to make 2x, 5x 10x and even 100x sometime if an opportunity taken at right time. and to take the apportunity at right time a trader need to do a lot of research and study about market and all the projects and altcoins. and also keep the possible risk in mind. it is not 100% safe.

Mr. Magkaisa

sr. member

Activity: 952

Merit: 303

Quote from: Nyben on July 13, 2022, 08:28:55 AM

Hello Mates, I wish to venture into trading but I'm just being mindful of the current market situation. Looking at the market, I see instability.

I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.

You cannot earn here in the cryptocurrency without a knowledge dude. This is the first thing you must do now, asking here and making a topic like what you did now was one of the good step, listen to the members here in the forum in which you think it can help to your journey here according to their opinions and experience. Try to analyze first and do your won research too about what they said here in this section thread.

I know you have a capital to invest, but of course, lear to to invest here wisely so that your assets will grow in the future.
Just continuous learning about in the cryptocurrency and be observant and always ask about the thing you wanna know
about in this industry of course.

Eden Loomis

newbie

Activity: 39

Merit: 0

You can start with token from Airdrop or bounty events. It always happens with new NFT game

|MINER|

sr. member

Activity: 1274

Merit: 457

Quote from: loveselenagomez on August 18, 2022, 03:24:34 PM

~snip~

I agree that from bounty he can earn but this amount will so litte. Currently many scam projects are coming, who work with bounty hunters and leave without paying, and even if paid, it is of no use. So currently it's became like waste of time . And also here he was asking for the trading advise. I will suggest him don't go for bounty , gain knowledge about trading it can be useful for you and also ranked up here then you will able to be signature campaign.

zbutterfly

full member

Activity: 498

Merit: 105

Quote from: Nyben on July 13, 2022, 08:28:55 AM

Hello Mates, I wish to venture into trading but I'm just being mindful of the current market situation. Looking at the market, I see instability.

I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.

For the case of charting, I think the same as others, such as forex, stocks and others. I think you already understand this, you should trade a lot in order to understand charting patterns and be accompanied by authentic references.

mahendra-13

jr. member

Activity: 122

Merit: 1

Quote from: Nyben on July 13, 2022, 08:28:55 AM

Hello Mates, I wish to venture into trading but I'm just being mindful of the current market situation. Looking at the market, I see instability.

I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.

hi! do you want to try to earn money in an online casino? risky, of course, but very interesting x)

gullobhai

jr. member

Activity: 336

Merit: 3

Intial carefully, never trade any crypto without proper research, always keep yourself updated on the market condition &news,also takes patience and sufficient time to do it.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: loveselenagomez on August 18, 2022, 03:24:34 PM

Just do the bounty in Altcoin bounty section,you will get some free money. If not than buy your best coin from exchange like Binance kucoin & hodl until get profit.

Users are free to do whatever bounties they wish for but we the older members of the forum have seen our juniors suffer because of such bounties which ghost its participants and the manager, refuse to pay out the coins or just abandon the project while the participants end up having done a trash load of work for literally nothing.

While the same participant is probably not in a position to apply for signature campaigns, hence they end up taking part in many bounty campaigns, most of dont pay but this ends up being a vicious cycle because while participating in a hundred bounties they get very little time or effort to put in to developing skills in posting and earning merits to be able to rank up and join the prestigious signature campaigns.

Hence I dont give this suggestion to newbies.

Mr.right85

hero member

Activity: 1036

Merit: 675

Quote from: wiss19 on August 22, 2022, 11:35:03 AM

It was the instability is the one that can give you profits so you should love it than avoid it. Come to think if you will invest in a coin which is stable, do you think you can trade it and make profits with it? Nowadays the fluctuations are still there or are still high, and it is perfect to make a trade.

The idea most newbie traders don't understand and still, they hope to make profits from cryptos. How is that! Should stability be the thing they desire, they have that stability in altcoins like USDT, BUSD and the rest of them. They could buy those but, that's hardly the best use of stable coins. They are used to store value when coin price is high and then reinvest into the market when it goes bearish and coin price has gotten to a dip.

Traders should like, learn to predict and be comfortable with the instability or volatility nature of the market should they ever hope to earn from it.

Quote from: wiss19 on August 22, 2022, 11:35:03 AM

Bitcoin trading is simple, you can just buy low and sell high, just like that. There are also video tutorials on youtube. That will be easy than reading them on here or online on some web/blog sites.

Only if it were that simple as its said here, buy low and sell high... a lot of traders won't have been complaining but just making a shot load of money everytime but, it isn't, is it? No. You've got to do a lot of analysis that should be correct and that's impossible but you could try and be accommodative to loses when you do encounter some.

wiss19

sr. member

Activity: 2352

Merit: 349

It was the instability is the one that can give you profits so you should love it than avoid it. Come to think if you will invest in a coin which is stable, do you think you can trade it and make profits with it? Nowadays the fluctuations are still there or are still high, and it is perfect to make a trade.

If there are the ones which are in despair they will be the investors because the market doesn't rise continuously but it only moves in up and down fashion. Bitcoin trading is simple, you can just buy low and sell high, just like that. There are also video tutorials on youtube. That will be easy than reading them on here or online on some web/blog sites.

loveselenagomez

member

Activity: 966

Merit: 10

Cogwise

Just do the bounty in Altcoin bounty section,you will get some free money. If not than buy your best coin from exchange like Binance kucoin & hodl until get profit.

Slow death

legendary

Activity: 3234

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

my advice:

1 - Just trade with bitcoin - usdt or bitcoin - USD or Bitcoin - another good stablecoin

2 - don't day trade with altcoin, don't do that.

3 - study a lot of technical analysis and don't trade with a 15-minute chart, try to trade with a longer time chart. Bitcoin is more profitable if one buys low and sells high and doesn't catch small fluctuations, it doesn't generate profit in the long run.

example:

wait to fall to 19000$, buy and put Stop - loss at 17000$, when it goes up to 22000$, put stop - loss at 21500$ and only sell at 24800$ if there is a bearish reversal signal, if it breaks 24800$ then put stop-loss at 24800$.

do not do it:

bitcoin is at 23000$, buy and when the price reaches 23400$, sell and wait for it to drop to 23000$ and buy to sell at 23400$, this small fluctuation will not make a profit in the long run

Yawa2020

member

Activity: 826

Merit: 30

Quote from: Nyben on July 13, 2022, 08:28:55 AM

Hello Mates, I wish to venture into trading but I'm just being mindful of the current market situation. Looking at the market, I see instability.

I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.

First of all, there's nothing like stability when it comes to crypto and as such I'll advise you as a newbie to get yourself familiar with that before anything else. As a beginner it's advisable to make some research on selected coins and HODL. Trading is not as easy as you might think or been told. It requires a high knowledge and experience due to the fact that there's a lot of risk attached to it. Get yourself an expert tutor, read from experience traders and above all trade with caution and with what you can afford to lose.

|MINER|

sr. member

Activity: 1274

Merit: 457

If you wanna really start trading firstly please select the top notch coins like bitcoin, Etherium, BNB ,LTC , Matic. Because for beginning these are the most trustable and secure.
Now firstly gain the knowledge about analysis and reading candle . Then decide which trading strategies you wanna do short-term or long term. I will suggest you do short term for you here your profit will be low but if you are gone through the strategy with dca then I think you can gain good profit at the end .

Mr.right85

hero member

Activity: 1036

Merit: 675

Quote from: Biscutard on August 04, 2022, 08:23:39 AM

Couldn't agree more, what's dangerous about crypto world is not researching or planning any curiousness. Only invest what you can afford to lose because it may be your greatest success or downfall.

I think this goes for every field of investment as well not exactly only crypto. It is of importance that you don't venture head on into what you know nothing off or have no idea off. It's the reason why most people fail because, one thing to a business or success in a field is management and once this is lacking, the business could crumble.

Coming to crypto, crypto has so advanced over the space of 11years, that newbies in the field have to spend a great deal of time to match up with users who has been around for almost as long as bitcoin has. The most any beginner could do now is to focus his or her energy on learning and practicing on the demo trade until they are able to come up with a strategy. That goes for trading. When it comes to investment, you buy and hold and other times, you render services and get paid in bitcoin. Gradually, your aims are being archived.

Biscutard

full member

Activity: 759

Merit: 105

Quote from: bitzizzix on August 04, 2022, 06:00:30 AM

Firstly, never trade any crypto without proper research, always keep yourself updated on the market and know how to trade in general and not specifically for the crypto market. And learn about price action and general trading strategies.
crypto market is sometimes manipulated, make sure you understand the market sentiment and start trading small and only with good amount when you get enough trust.
Trading can indeed meet our needs, but all of that has a process until we really find a way and it also takes patience and sufficient time to do it.

Couldn't agree more, what's dangerous about crypto world is not researching or planning any curiousness. Only invest what you can afford to lose because it may be your greatest success or downfall. Crypto market is the most unstable thing on earth that's you must not expect it will always go the way you want it to. And by investing, seek for professional's advice.

bitzizzix

sr. member

Activity: 2590

Merit: 452

Enjoy 500% bonus + 70 FS

Firstly, never trade any crypto without proper research, always keep yourself updated on the market and know how to trade in general and not specifically for the crypto market. And learn about price action and general trading strategies.
crypto market is sometimes manipulated, make sure you understand the market sentiment and start trading small and only with good amount when you get enough trust.
Trading can indeed meet our needs, but all of that has a process until we really find a way and it also takes patience and sufficient time to do it.

BTCat

legendary

Activity: 1960

Merit: 1010

Trading with fake money is useless. Why? Because you will not be the same person when it becomes real.
Your decisions will be totally different because now you have real fear and it's about something to take serious.
With fake money you easily go all-in, while when it's about your real 'hark worked for' money then you will be very
carefull. Basically when you trade fake money you will learn the wrong strategies.

Solution: Take a cheap altcoin and trade with 10% of what you normally do. Now you will feel the real stress of dealing with real money.
And you won't be making careless decisions.

To start I suggest to earn money from bounty campaigns and signatures and only trade with that. Do not ever deposit your own money.

SirLancelot

hero member

Activity: 2646

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: gullobhai on July 30, 2022, 01:45:09 PM

You earn Alot crypto
But first you will focus on your work & emotion, there's Alot ways trading, play gaming, joining best btt bounties 👍

It is indeed possible to earn lots of crypto via trading but that if we are pro already but since he is still starting, better if he will also expect less. This is a slow process that shouldn't be rushed, so that we can learn properly and we won't miss any of the important areas in trading. Other than trading you mentioned gaming and bounties.

Well, we can incorporate the two to increase our earning potential since there are lots of play to earn projects now. Bounties are also newbie friendly and a lot of us started on it when we are still a newbie. Can't say that the first thing that we will work on is our emotion when we want to get involved in trading but this can come later on after engaging on the real thing.

gullobhai

jr. member

Activity: 336

Merit: 3

You earn Alot crypto
But first you will focus on your work & emotion, there's Alot ways trading, play gaming, joining best btt bounties 👍

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