HOW MANY PEOPLE % DOES REALLY SUCCEED ON CRYPTOCURRENCY - page 3.

LUCKMCFLY

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Quote from: Dadan on May 06, 2021, 01:04:17 PM

Quote from: ice18 on May 05, 2021, 11:52:57 PM

We actually needs an online surveys for traders for us to be able to find the exact data on how successful or not traders are, but in my opinion in a leverage traders most newbie who first time to enter tradings 95% of them failed since its too risky on few survives more easy if we only hold our coins and wait for price increase rather that day trading.

Most traders/people want to be anonymous for safety reasons, so I don't think someone will do that research as it will be pointless for sure. I'm afraid I have to disagree with 95% newbies trader will be failed at the start because some people are smart enough to learn some basics knowledge of trading. Sometimes they watch some tips on Youtube or read many tips/techniques in forums like Bitcointalk and Reddit before they start. Only fool people will start trading without having a proper knowledge of trading.

The only way a person can be successful in the cryptocurrency market without having knowledge is by investing in Bitcoin, but like Hodler, because the truth in trading must have a lot of knowledge, if he gambles in the trade he is likely to you win, but chances are that at any moment your luck will run out and you will fail.

For trading it is always good to have knowledge of the market movement, both the technical and fundamental analysis and establish the best strategic plan so that in trading there is always a positive balance including losses that are very normal in trading, but this is a question of maturity in the market.

Dadan

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Quote from: ice18 on May 05, 2021, 11:52:57 PM

We actually needs an online surveys for traders for us to be able to find the exact data on how successful or not traders are, but in my opinion in a leverage traders most newbie who first time to enter tradings 95% of them failed since its too risky on few survives more easy if we only hold our coins and wait for price increase rather that day trading.

Most traders/people want to be anonymous for safety reasons, so I don't think someone will do that research as it will be pointless for sure. I'm afraid I have to disagree with 95% newbies trader will be failed at the start because some people are smart enough to learn some basics knowledge of trading. Sometimes they watch some tips on Youtube or read many tips/techniques in forums like Bitcointalk and Reddit before they start. Only fool people will start trading without having a proper knowledge of trading.

FanEagle

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Quote from: chrahamyah on May 04, 2021, 04:32:56 PM

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 don’t think there is any accurate data on this, even when it comes to stocks and forex trading, you don’t really have accurate data, and I think that’s because there are so many platforms out there for trading and everyone doesn’t trade on the same platform, and every platform has different data when it comes to this.

According to blogs, around 70%, 80% to 90% of traders lose their money. I once researched on this and found an article where eToro disclosed that up to 80% of traders lose their money up to 36%. So that’s just it, cryptocurrency trading wouldn’t be any different.

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Quote from: carlisle1 on May 05, 2021, 12:53:39 PM

Quote from: Lanatsa on May 04, 2021, 06:57:16 PM

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Quote from: Lanatsa on May 04, 2021, 04:56:06 PM

Quote from: chrahamyah on May 04, 2021, 04:32:56 PM

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

There's no specific number because if you do try to look the entire crypto market in terms of marketcap or liquidity then you can tell that lots had make out some involvement.

and on the question on how many did succeed in terms of percentage? No one knows. Its not possible to know neither someone is losing or making money.

So I wont be bothering myself on finding the numbers because you would just basically be stressing out yourself on this matter.

exactly! those figures are hard to come up with. just remember that almost all crypto users around the world are anonymous, so how can you get stats on that? also, most crypto users at one point lost in trading. how can you derive some stats from that kind of situation?
and regards with the number of people, still a tedious job to do. most blockchain projects that are anonymous dont disclose how many are truly working on their project. so this as well, is hard to get the real numbers.
i guess, the OP can just forget those, unless he wants to go crazy finding those numbers...

This is what im saying on which its a bit pointless on trying to research about these numbers because it wouldn't really be that precise due to continuous adoption and recognition..

and with all the project and coins that we do have in the market then it is really hard to find off if you are really aiming to know the statistics.

Lastly, this is really indeed a tedious task or very big work to be done.

Collecting those numbers just to project the percentage is really a tough task, so far there's no available information about this.

There are lots of factors given that there are lots of available projects around this industry, you have to focus and spend lots of time to get something
decent with this topic.

Although we cannot get an accurate data about this but OP can run a poll in related with this discussion since I think this is the proper way to gather those information since if he find or seek it on articles well maybe he cannot found that anywhere. I'm also curious about how big the numbers so let see if we can figure out those info here.

rodskee

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Quote from: chrahamyah on May 04, 2021, 04:32:56 PM

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

Crypto investing is a very risky type of investment and also the most silent and secretive so basing on that i don't think that there are some sort of Data and statistics to record those.
But i know that all That who lose their early investment are already gone from here or some does not been active for now because of the nightmare they had in being greed to expect easy money here.

pooya87

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You could maybe ask an exchange owner to release such statistics although they may refuse because the real unadulterated results may be bad for their business since newbies may see the disaster others are in specially in altcoin trading and stop losing their money in trading which would result in drop in that exchange's volume and revenue.
But in any case the exchange is the only one that can correctly answer this question because they have access to history of all their users and they can write a small and simple code that analyzes their database and releases the final results (net loss versus net profit one average for all users) and do that all in a way that privacy of nobody is invaded.

Sled

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Quote from: chrahamyah on May 04, 2021, 04:32:56 PM

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'm also looking any surveys that could give such information but unfortunately, I've found nothing. And if ever there is, I don't know how reliable it was knowing that we keep ourselves being anonymous to the public.

But anyway, I don't it is necessary to have those information, the exact numbers. Seeing Bitcoin still exists in the market for more than a decade, that was enough to prove that it was not scam, and many people we're succeed in kind of investment. You don't need to ask for it, or maybe one of your friend can justify it for you.

Kong Hey Pakboy

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Quote from: ice18 on May 05, 2021, 11:52:57 PM

We actually needs an online surveys for traders for us to be able to find the exact data on how successful or not traders are, but in my opinion in a leverage traders most newbie who first time to enter tradings 95% of them failed since its too risky on few survives more easy if we only hold our coins and wait for price increase rather that day trading.

Not everyone is going to participate in those surveys to be honest, you might get around 20 or less percentage of traders to do that and you also have to analyze the data to cearly distinguish who failed and who succeeded in trading. To me though, I feel like with a lot of newbies getting into trading, I think that there are more people failing rather than the opposite.

ice18

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We actually needs an online surveys for traders for us to be able to find the exact data on how successful or not traders are, but in my opinion in a leverage traders most newbie who first time to enter tradings 95% of them failed since its too risky on few survives more easy if we only hold our coins and wait for price increase rather that day trading.

Ridwan Fauzi

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I guess there is no single platform even anyone who will collect the data. But, we can measure that most people who get profit and succed to stay and get a lot of profit from crypto currency is a user who try hard to learn how trading and investing work. For those who just gamble their money for trading/investing in crypto currency will just stay for a while and they will leave it when they loss a huge money.

Trading or investing aren't easy as many people think. There are a lot of strategy that should be learned before someone start to trade/invest. Also, they must have a lot of experiences first to keep comfortable although their position is in a lose situation. If you have intention to start trading then you need to learn from some expert trader, at least it will give you a good positive for your decision. Comparing to looking for a data that show the people who succed as fail when they have crypto currency.

Nanda Dewi277

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We may not able to determine because there may be no certain or specific research about these. Moreover, many people that are involved in cryptos are also anonymous and they don't tell each other about their investment. And bout success, what kind of success are they? Everybody's success may be different from others. So, what kind of success definition it is?
I personally don't pay attention to how the percentage of people succeed o crypto, but how many more people, institutions, and companies are involved and entering the crypto.

goaldigger

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Quote from: chrahamyah on May 04, 2021, 04:32:56 PM

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

We can actually do the survey here and ask traders if they are successful already or not. Maybe 3 out of 10 traders here are successful and that’s the reality of trading since not all will succeed and very few trader will survive on this challenge. There are survey before that long term investors are more successful compare to a trader, which I also believe is true because of so many reasons. You can make a poll now, and let’s see the result.

goinmerry

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Quote from: chrahamyah on May 04, 2021, 04:32:56 PM

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)?

That kind of statistics can nowhere be found because it's hard to track those as it needs data from all exchanges on which are some are decentralized. There are people succeeding and losing and that's the reality. I don't know what kind of benefits or advantages you will get if you saw the stats you are looking for.

Just do your best to it's fullest in order to gain profits in crypto over time.

Fatunad

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Quote from: Insanerman on May 05, 2021, 03:46:17 PM

Quote from: chrahamyah on May 04, 2021, 04:32:56 PM

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

If you can find a valid current statistics then I salute you. But as of now, I still haven't read nor found any statistical data nor researches that focuses on the number of successful traders and I'm afraid that even conducting one, it might result to 0%. Why? If you would ask a trader how often do he win compared to what he lose, he would rater tell you his month-worked income than telling you how much he loss in the process.

Most likely would be the case on where most people whom do invest or trade will likely to deny on how much they had lost but rather focusing on mentioning on how much he had able to profit out.
Talking about how many people in percentage manner that do able to succeed in crypto then no one can tell because majority of them would tend to be private or anonymous and this what makes the
situation even more harder if someone do really tend or eager to find out those numbers or statistics.This would really be a tough job or even lets say its close to impossible.
If we do consider on how big this market is and on how you do find out those numbers if majority is on anonymity then better not to mind it off.

Insanerman

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Quote from: chrahamyah on May 04, 2021, 04:32:56 PM

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

If you can find a valid current statistics then I salute you. But as of now, I still haven't read nor found any statistical data nor researches that focuses on the number of successful traders and I'm afraid that even conducting one, it might result to 0%. Why? If you would ask a trader how often do he win compared to what he lose, he would rater tell you his month-worked income than telling you how much he loss in the process.

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Quote from: chrahamyah on May 04, 2021, 04:32:56 PM

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

Well, this is just speculation --but most probably, people who become successful in cryptocurrencies are roughly around 50% of its users. Where 10% are the Whales or the people who have bulky assets in cryptocurrency that have the voting rights which place the crypto would go, 15% are the miners who have been there since day one. 5% for small investors who risks they small capitals and still able to get to the bus before taking off 10% for the traders who were able to keep themselves alive during the bear market and another 10 % for the people who participates signature or bounty campaigns were able to earn enough assets during the early stage. These are just speculations, but this is definitely one of the best speculations I have based on the community we have. I observe it and this is my result.

South Park

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Quote from: chrahamyah on May 04, 2021, 04:32:56 PM

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

When it comes to trading it is widely known that less than 10% of traders become profitable, this may seem as a number that is too low but we must remember that a great deal of the people in the market are afraid of taking hard choices and that is all what trading is about, for example do you think you would have been able to buy bitcoin when it crashed on March of 2020? On hindsight it is very easy to say that you would do it as now you know the price grew immensely, but at the time you did not knew it and most people would have taken the opposite decision and instead sell their coins.

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Quote from: Lanatsa on May 04, 2021, 06:57:16 PM

Quote from: AmoreJaz on May 04, 2021, 05:01:32 PM

Quote from: Lanatsa on May 04, 2021, 04:56:06 PM

Quote from: chrahamyah on May 04, 2021, 04:32:56 PM

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

There's no specific number because if you do try to look the entire crypto market in terms of marketcap or liquidity then you can tell that lots had make out some involvement.

and on the question on how many did succeed in terms of percentage? No one knows. Its not possible to know neither someone is losing or making money.

So I wont be bothering myself on finding the numbers because you would just basically be stressing out yourself on this matter.

exactly! those figures are hard to come up with. just remember that almost all crypto users around the world are anonymous, so how can you get stats on that? also, most crypto users at one point lost in trading. how can you derive some stats from that kind of situation?
and regards with the number of people, still a tedious job to do. most blockchain projects that are anonymous dont disclose how many are truly working on their project. so this as well, is hard to get the real numbers.
i guess, the OP can just forget those, unless he wants to go crazy finding those numbers...

This is what im saying on which its a bit pointless on trying to research about these numbers because it wouldn't really be that precise due to continuous adoption and recognition..

and with all the project and coins that we do have in the market then it is really hard to find off if you are really aiming to know the statistics.

Lastly, this is really indeed a tedious task or very big work to be done.

Collecting those numbers just to project the percentage is really a tough task, so far there's no available information about this.

There are lots of factors given that there are lots of available projects around this industry, you have to focus and spend lots of time to get something
decent with this topic.

bekti3

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It is therefore relative and almost experienced by all investors when they are not really researching on a particular project. depending on how he analyzes it and also makes a reference as a reference for investing.

johnwest

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When people will stop asking these types of stupid questions. No one knows how much anyone is holding or anyone is trading, therefore no one can tell how many % of people succeded in crypto. People might tell their own story but you cant access the authenticity of it. Anonymity gives the freedom to the user to hold crypto without disclosing them.

If the person who is invested in crypto is patient then he is either succeeded already or will in the future.

Topic: HOW MANY PEOPLE % DOES REALLY SUCCEED ON CRYPTOCURRENCY - page 3. (Read 617 times)