Topic: HOW MANY PEOPLE % DOES REALLY SUCCEED ON CRYPTOCURRENCY (Read 617 times)
I don't find any data about it. In my country a lot of new people come in to crypto market and also many trader and investor on stock market moved to Cryptocurrency because many others trader was make a lot of money from crypto and Bitcoin become trending. The volume of crypto trading increase rapidly in my country. Off cource there are some people already make huge profit and others can be still loss, this is depend on their strategy and risk management.
You cannot get such statistics anywhere not from the exchange platform even on centralized platform such as Binance. If you are a student I will advise you to design an experiment for that. Probably you will need to select some random set of people that will trade with a given amount of money for a period of time after which you will evaluate their loss or gain
This is not a good strategy either, if you give money to random people so they can trade the markets then everyone is going to lose as they are not going to have the necessary skills to trade the markets, after all there are many traders that despite having invested hundreds of hours on studying the markets they are still not profitable, what makes you think that a random person is going to have better results? While imperfect we have some numbers and as we know those numbers are terrible.
Upon reading the above replies, almost everyone is saying no such data to see. And that could be true as many of these traders keep themselves not to tell about their life and their experience. So even we can find data that tells like this, it finds not reliable. Maybe ask one of your friends (if have) if they were getting profit from crypto trading and I think that information is enough to say what really happening inside and to analyze if we have to try or not, or just stay as an investor forever.
About 80% of trader failed and loss their money in margin trading, but i dont know how many % of trader who loss from spot trading, could be lower than 80% but i think higher than 50%. People who loss on cryptocurrency market, usually newbie trader that does not use money management and dont have any skill yet to learn about fundamental of crypto. Too be greedy and not patient also become the most factor for newbie trader loss alot money. Only trader who keep learn from the mistake and has experienced many years that possible make profit by consistent.
In other words you would say that every trader who educates him or herself will make profit no matter what? What about the zero sum game when the market doesn't go up all day long? Some have to lose and some have to win.
About 80% of trader failed and loss their money in margin trading, but i dont know how many % of trader who loss from spot trading, could be lower than 80% but i think higher than 50%. People who loss on cryptocurrency market, usually newbie trader that does not use money management and dont have any skill yet to learn about fundamental of crypto. Too be greedy and not patient also become the most factor for newbie trader loss alot money. Only trader who keep learn from the mistake and has experienced many years that possible make profit by consistent.
You cannot get such statistics anywhere not from the exchange platform even on centralized platform such as Binance. If you are a student I will advise you to design an experiment for that. Probably you will need to select some random set of people that will trade with a given amount of money for a period of time after which you will evaluate their loss or gain
As far as I know, there is are no statistical data provided to show how many people have become successful or failed within their cryptocurrency engagement journey for there are people who just tends to keep those information in a private matter and even surveys to provide assessing people about the result of their engagement might not be accurate or can be stated to be reliable since many can state false information rather than facts. But as far as I am concerned, many have surely and secretly already become successful and are still continuing their crypto journey while other who fail maybe already stopped or paused for a while waiting to be back again in the market.
We have some estimations and we have data which comes from the fiat markets and as you may guess the data is not very favorable, many people enter the markets without really knowing what they are doing and when faced with the huge volatility of this market they lose a significant amount of money from which it is impossible to recover and then they take reckless risks and lose their remaining capital, it is not a nice picture but it is the reality of most markets. Hello guys,
does anyone have any statistics % or information about how many people either succeed or fail (lose their money) doing trading in cryptocurrencies, also the people who are working on their own coin project( not a scam project)?
Thank you
does anyone have any statistics % or information about how many people either succeed or fail (lose their money) doing trading in cryptocurrencies, also the people who are working on their own coin project( not a scam project)?
Thank you
You won't find any statistics on that as hardly anyone would be willing to disclose exact numbers anyway. Big players have probably been more successful as they have a longer breath when their are dips in the market. In total crypto produced a lot of winners I think as during an upswing it doesn't equal a zero sum game. If it crashes like now, new losers are born as we speak.
it is difficult to know what percentage of people you are referring to. because what we know is that right now we can't see data accurately, because in cryptocurrency everything is anonymous and untraceable. so I think it's hard to count how many
From personal experience emotion is what make me lose money. I was trading with big amount for me and keep losing. Now with small amount that I don't care about I keep earning so for now I'm sticking with that.
I hope that OP is already satisfied above replies...That is the reality in crypto trading and because these people remain anonymous, he'll no way to gather reliable data but just purely talks.
Anyway,
I'm going to believe that many were still profiting from trading especially during this time. I know traders now are more knowledgeable this time that could help to uplift their chances. But the question is if they can manage to keep on track when the market turns back to bearish, I was thinking of big changes to happen, and possibly, many of these traders will stop and leave crypto.
Anyway,
I'm going to believe that many were still profiting from trading especially during this time. I know traders now are more knowledgeable this time that could help to uplift their chances. But the question is if they can manage to keep on track when the market turns back to bearish, I was thinking of big changes to happen, and possibly, many of these traders will stop and leave crypto.
it is difficult to know what percentage of people you are referring to. because what we know is that right now we can't see data accurately, because in cryptocurrency everything is anonymous and untraceable. so I think it's hard to count how many
As far as I know, there is are no statistical data provided to show how many people have become successful or failed within their cryptocurrency engagement journey for there are people who just tends to keep those information in a private matter and even surveys to provide assessing people about the result of their engagement might not be accurate or can be stated to be reliable since many can state false information rather than facts. But as far as I am concerned, many have surely and secretly already become successful and are still continuing their crypto journey while other who fail maybe already stopped or paused for a while waiting to be back again in the market.
It is very difficult to show accurate statistics on what percentage of people succeed or fail in cryptocurrency. Since most people trade anonymously,
it's very difficult to know the statistics. For me, people who want to be successful in crypto are people who can be patient with the long-term
holding of their coins. And do not rush to sell if experience a profit. But this only applies to high volume popular coins, but if we are trading on shitcoins,
we must sell them immediately.
I think it is difficult to predict the percentage of people who are already rich from cryptocurrency, because they do not disclose their wealth officially, especially for individuals, of course they will be afraid of state taxes. but what is clear in the market, there is a transfer of wealth in it
In these times, if there are people who are still open to the public about their crypto profits.This is the time that they should be careful of themselves, it's hard to know who are those people that are watching you and probably have some jealousy in their hearts and can't attain the success that you're getting with cryptocurrencies.
Just a reminder that you should maintain your low profile.
There are people who are happy to show how much they've gained through trading or investing in cryptocurrencies. It's about pride that they get in and they're looking to be a genius guy if they're showing it to the public with the use of social media.
But most of those that are experienced, they don't want to show any amount or even tell anyone that they're in crypto.
I think it is difficult to predict the percentage of people who are already rich from cryptocurrency, because they do not disclose their wealth officially, especially for individuals, of course they will be afraid of state taxes. but what is clear in the market, there is a transfer of wealth in it
In these times, if there are people who are still open to the public about their crypto profits.This is the time that they should be careful of themselves, it's hard to know who are those people that are watching you and probably have some jealousy in their hearts and can't attain the success that you're getting with cryptocurrencies.
Just a reminder that you should maintain your low profile.
I think the same, it is already proven that 95% of traders lose, and that is that most of the traders sometimes do not trust their plans or strategies, in addition there is a large percentage that are guided by crypto signals, so Generally the success rate of the signal groups is not very high.
There is also a percentage that I do not know exactly how much it is that remains anonymous and are more successful, as well as the opposite, I think that in that 5% that remains they may be included.
It is understood that whales obtain more gains than losses, many believe that whales do not lose but they also have strong losses, what happens is that in the end the balance is mostly positive.
I think it is difficult to predict the percentage of people who are already rich from cryptocurrency, because they do not disclose their wealth officially, especially for individuals, of course they will be afraid of state taxes. but what is clear in the market, there is a transfer of wealth in it
In these times, if there are people who are still open to the public about their crypto profits.This is the time that they should be careful of themselves, it's hard to know who are those people that are watching you and probably have some jealousy in their hearts and can't attain the success that you're getting with cryptocurrencies.
Just a reminder that you should maintain your low profile.
I think it is difficult to predict the percentage of people who are already rich from cryptocurrency, because they do not disclose their wealth officially, especially for individuals, of course they will be afraid of state taxes. but what is clear in the market, there is a transfer of wealth in it
In these times, if there are people who are still open to the public about their crypto profits.This is the time that they should be careful of themselves, it's hard to know who are those people that are watching you and probably have some jealousy in their hearts and can't attain the success that you're getting with cryptocurrencies.
Just a reminder that you should maintain your low profile.
I think it is difficult to predict the percentage of people who are already rich from cryptocurrency, because they do not disclose their wealth officially, especially for individuals, of course they will be afraid of state taxes. but what is clear in the market, there is a transfer of wealth in it
Indeed, crypto wallets are exhibiting a great anonymity of identity and do not make a holder's account publicly available unless they voluntarily, this is also the most special feature that people like about crypto as they don't care about income tax and for this question, we can't make an accurate judgment on percentage success here. Each trend will change this percentage and each year the assets will move in many different directions but the preliminary judgment is probably the average success rate, not too high and not too low, here I look at the expressions and complaints in some discussion groups. Hello guys,
does anyone have any statistics % or information about how many people either succeed or fail (lose their money) doing trading in cryptocurrencies, also the people who are working on their own coin project( not a scam project)?
Thank you
I did not find statistics like you asked for anywhere...does anyone have any statistics % or information about how many people either succeed or fail (lose their money) doing trading in cryptocurrencies, also the people who are working on their own coin project( not a scam project)?
Thank you
those who trade in crypto cannot be in real data. but what I am sure that those who lose in crypto are of course a lot as well as those who profit. because cryptocurrencies are not yet taxpayers, knowing the crypto assets of other people's ownership is impossible.
I think it is difficult to predict the percentage of people who are already rich from cryptocurrency, because they do not disclose their wealth officially, especially for individuals, of course they will be afraid of state taxes. but what is clear in the market, there is a transfer of wealth in it
does anyone have any statistics % or information about how many people either succeed or fail (lose their money) doing trading in cryptocurrencies, also the people who are working on their own coin project( not a scam project)?
You are looking for something completely different data from each other and these are not at all connected in terms of technical things of trading but only exchanges might give you one part of your required information. In quick thinking, I guess people who are trading bitcoin with long-term targets might be succeeded by this day but we cannot have exact numbers for this but I'm sure in percentage it will be more than 99% for sure.Moreover, what you are looking for by having number of people who are all working on their own coin project; I believe this got nothing to do with exchanges nor crypto trading.
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