How can I earn from cryptocurrency as a starter? - page 9.

TheUltraElite

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Quote from: laredo7mm on July 22, 2022, 04:54:11 AM

As a starter or new in crypto first you have know or learn enough about bitcoin because crypto depends on bitcoin. ( some people will not agree but i belive that bitcoin is main hero of crypto and without hero movie is incomplete) so beginer learn about bitcoint first

I completely agree, people should learn how bitcoin works and what advantages it has over other fiat and how altcoins have never been something worth investing in for the long term. Most newbies make mistakes in setting up a wallet or give their private keys to some scammer on the internet claiming something out-worldly.

Then there are those who want quick returns and like the OP has been wishing to pay back bills and that being the reason to join crypto trading means that they have a deadline on their head. When this happens, patience leaves the scene and the trader is forced to buy shitcoin trying to pay off their bill from the profit - which never happens and the vicious cycle continues.

laredo7mm

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As a starter or new in crypto first you have know or learn enough about bitcoin because crypto depends on bitcoin. ( some people will not agree but i belive that bitcoin is main hero of crypto and without hero movie is incomplete) so beginer learn about bitcoint first Since the historic, bloody event of March 12th, 2020, when the price of bitcoin dropped 50% in 1 day, its price has been in a constant uptrend. Going from ~$3,800 to $64,000 in roughly 1 year, bitcoin is in a historic bull run. Many people are making profit in bitcoin, and you’re wondering how you can get in on the fun.

uneng

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Short term trading is like gambling, you can't expect to make guaranteed income from this activity for a living. If you want to trade you need to be prepared to receive your first earnings after years of investment, by being a long time holder. The currently bitcoin price is relatively cheap, considering how further it has already reached last year (almost 60,000$). So you are a lucky person to be on the right place at right time, having access to an opportunity which is going to be missed by most people in this world. It's up to you to take this chance and to organize yourself financially to be able to hold for the period of time mentioned above, if necessary.

Bitstar_coin

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Your focus point should be how to trade and not when, how to trade is very important and also very risky as well. As a beginner, I would suggest not to be in a hurry to trade, do enough research on the internet, and gather all needed and necessary materials on trading to enable you to gain all the required knowledge to trade. there are lots of video tutorials on youtube that can also serve as a good source of learning.
Trading is a risky aspect of crypto so it is important you are prepared both financially and mentally, especially mentally because the beginning will not be smooth sailing so you have to be prepared.

spiker777

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Quote from: Nyben on July 13, 2022, 09:28:55 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.

I think there is no such thing as right time for trading. Bitcoin and other altcoins prices are always going up and down. and if you do it properly you'll always sneak up your profit by doing it any time you want. bad market. but if you are newbie then that might be difficult for you because it requires chart reading and analysis.. what i can suggest you is to join some trading groups. or watch videos on youtube how to read charts and matrics. then start trading. and start with low (as much as you can afford to loose.

TheUltraElite

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Quote from: Nyben on July 13, 2022, 09:28:55 AM

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 will be honest, you cant expect to start trading a newbie without any prior trading experience in stocks or commodities and then hope to be able to cash out with a decent stash of money in order to pay bills. This is the type of unrealistic expectation that most people come in with and that eagerness to make quick money lands them up in the wrong place.

Above users did some good searching for you, so use those articles to gain knowledge on trading but do not try open handed trading right away, you will make the mistake of buying at the wrong price. Try dummy trading for at least six months before starting real life trading.

In the meantime try to get a side earning to pay off your bills. Dont try to use a speculative market earning for that. You never know how bad things can get here.

CryptocurencyKing

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Oh boy! From my experience, I consider trading one of the most dangerous aspect to earning in cryptos. As a beginner, I would advice you don't jump into trading with your real money. Give it time to learn the basics about it and haven't gotten some experience, you could proceed to live trading on your own developed strategy.

Speaking of earnings, you could earn where ever you could render a needed service. On the forum, there are a few services and contest that goes on periodically. Perhaps you could code a signature, design an ANN thread, you could manage a project, make accurate predictions on games and rounds, your good with arts and more. These are some of the opportunities available on the forum and earning in cryptos really means your medium of payment.
Most of all, you could just invest in bitcoin for a long term by buying and hodling.

examplens

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Quote from: boyptc on July 13, 2022, 07:47:42 PM

The market is always unstable and that's how everyone is making or losing from it. As a beginner, you need to go through a lot of experience before learning where you're good and what strategy is going to work for you.

what many consider unstable, it's a good opportunity for someone. Movements jump up and down, they are necessary to realize the potential profit by trading. Just imagine how everything would look like if they had a stable fixed exchange rate.
you just need to recognize the right moment to buy or sell. Unfortunately, it all sounds more than simple when we just talk about it, it's something completely different when real money is at stake, your own.

Maus0728

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I have few resources to recommended, but here's the caveat, these resources does not guarantee you to become a profitable trader overnight, and certainly you would otherwise lose money in the learning process than making any profit.

- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading
- https://www.reddit.com/r/RealDayTrading/wiki/index/

But if you simply want to earn crypto, you can just use your dayjob salary to buy bitcoin in any reputable exchange available to you (e.g., Binace, Bisq, HodlHodl)

noorman0

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Quote from: Nyben on July 13, 2022, 09:28:55 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.

When you expect profit, you should expect instability due to price differences that make a profit. You must be good at determining your order position with several analytical techniques.

Quote from: Nyben on July 13, 2022, 09:28:55 AM

-snip-
to settle some of my needs.

As a beginner it is not recommended, initially you should trade for some time until you can evaluate the percentage and frequency of your profits. There are many types of trading based on time frames and one may only be suitable for using one of them. Explore your trading skills first.

boyptc

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The market is always unstable and that's how everyone is making or losing from it. As a beginner, you need to go through a lot of experience before learning where you're good and what strategy is going to work for you.

--> https://academy.binance.com/en/articles/a-complete-guide-to-cryptocurrency-trading-for-beginners

Read that guide as it contains a lot of information a beginner needs to know about the basics of trading.

Mr.right85

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Quote from: Nyben on July 13, 2022, 09:28:55 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.

Crypto and its trading aspect have gone far from anything basic to a highly professionalised field. It becomes a play of experience for which most beginners don't have but there is a catch.

You could always buy bitcoin and hold. The point or pice at which you buy could determine the more profit you can get but that is based on how long for which you are ready to hold. We are currently in a bearish market although, its had to say if the market have actually made a dip as no one could clearly ascertain but, you can but at any point, hold and keep buying more when opportuned while, you continue to hold until you get desired profit.

Note: Always use spare cash and this is far from an investment advice. DYOR.

Be careful when it comes to altcoins, trading on signals and arbitrage trading.
My advice for you at this phase would be that you try gaining knowledge on the forum and while demo trading if your interested in trading.

Nyben

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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.

Topic: How can I earn from cryptocurrency as a starter? - page 9. (Read 2456 times)