Topic: HOW MANY PEOPLE % DOES REALLY SUCCEED ON CRYPTOCURRENCY - page 4. (Read 617 times)

It is difficult to analyze things like that if there is no real data, maybe the government can provide such things,
some countries have now taxed crypto users, and of course this makes the government have the data of all users, if in my opinion it answers this question.
Maybe there are many people who are successful when they buy in the spot market, but there is a different story if many are playing in the futures market

I do not believe that all whales make a profit and I do not believe that all "krills" end up losing neither. I have seen plenty of people personally that ended up turning small amount of money into a lot of money. A close friend of mine turned 16k into 2.4 million dollars just from end of January to middle of march, that is like 1.5 to 2 months. Is it common? Of course it is not, but making profit is common, when bitcoin goes up everyone profits, when other tokens go up everyone profits, there is really nothing that stops you from profiting when it all goes up, that is when whales do make a profit and that is when "krills" make a profit as well, we all profit during that period.

During the drop whales do have the advantage of not selling and even buying more, while krills usually panic and sell, but even whales end up in a loss for a while until the price goes back up.

Given that cryptocurrencies are relatively new (just over 10 years since BTC appeared), and that the market is very volatile - I have no doubt at all that the percentage of those who have succeeded (or will succeed) is greater than 10%. There are several reasons, but I will list only some that are most often an obstacle to success.

• Trading is not for everyone, often people only realize it when they lose a significant amount of money - the crypto market is a real minefield for beginners.
• Cryptocurrencies are far more difficult to handle and store than fiat - one wrong step and everything goes to waste, mostly without the ability to correct the mistake.
• Human negligence and forgetfulness often leads to them completely forgetting or losing their backup or their login information - there are as many examples as you want, especially at a time when the price of cryptocurrencies is rising.
• Dreams are one thing, reality is quite another - becoming rich overnight often leads in a completely different direction - 99% of crypto projects are scam - it is a real art to find 1% of those who really make sense and honest people behind them.

2 months ago we had a thread on this topic posted by @Charles-Tim - there is one nice infographic that gives the answer to your question.

Data suggesting more than 95% traders are losing

Failure is also part of success.

Most of us, investors/holders or traders. We've experienced hardship and bloody moments with our portfolios and that can be said as a failure if we've felt that it's not going to keep up with the market.

But as we learn, we've realized that this market can go into fruition in the future but this bull run isn't expected because it did more than our expectation.

Well there is no statistics stating the amount of people who succeeded or failed in cryptocurrency, if actually you really want to see testimonies of people who succeeded you can always check on Twitter most people do post how much there get from investing most people do post their lost as well but for me I think there is really no need for that, then talking about successful project you can always make researches, there are many projects which became very successful after launching their bounties here, so you can always make your researches if you come across any project because it will really help u a lot instead of checking for statistics.

In crypto trading (and in trading, overall), there are "krills" (it's my termine) and "whales". Whales are the ones who control the situation. You know what happens when whale is hungry and wants to eat (profit)? It eats up to 40 million krill per day. Krills multiply and multiply every day, they come and then they are in the stomach of whales, they rarely escape and when escape, that's because of their "luck" but final destination is whales' stomach.

So, highest percentage of people lose because they don't follow whales (If someone follows, that happens because of FOMO and then they fail). There isn't exact statistics and you'll never have an public access on that but you can see how great rewards does Binance offers to liquidity providers (that means a lot of people lose on futures trading).

Finally, there are two factors: 1. Very small percentage of people (whales) control the market, so more than 90% fails
2. People want rewards instantly, they aren't long-term holders (upto 4 years from the investment time, 4 years - because of halving).

Hard to pinpoint the exact number but I am sure that there are more failed traders rather than successful ones. I don't have any statistics back up my claim but I just assume because I have seen more people share the misery of failing trading compared to successful ones.

It is hard to tell. I only know that 95% of traders losing their money but there is no specific information for cryptocurrency market. However, in this uptrend, everyone can become a successful trader and the only thing you need to know is to buy. This is the same as what happened in 2017 where people gained most in 2017/early 2018 and then suddenly lost all of their money later.

Well, try to manage your money well in this world because there are too many potential projects and I do not ensure that it will last forever. Eventually, when the trend ends, you have to jump out of the ship in order to secure your profit and avoid any further loss

The general number for those who profit no matter the amount, or just people you can deem as "successful" in their crypto voyage? Well, exchanges would have the numbers for that, just that it's a question of whether they would give you the info (not the amount of profit, but rather a general number of traders who actually profit).

As for looking for coin projects, I suggest that you DYOR, really. Most altcoin projects that would visit you would be scams and the like, it'd just be a pain in the ass to filter it so might as well just look for one yourself.

If you only want to know i think not anyone will easily to show stranger what condition of their trading activity. But if you want to make a research, just make google form for 100 people so they can fill it anonymously. And then your research will be percentage condition of 100 random traders. Me personally wouldn't share my condition because i am much loses or maybe other people wouldn't want to share if they success because afraid to get something bad to them.
In case you want to learn from people who success, i think there are some people who share their trading activities in here.

Success or failure is not numerically projected. It is subjective idea that someone can say. Now if you talk about profit, then yes many people make profits from the market and you have a background of stock market trading and know the basics of trading you will also be able to make profit or lose.

You cannot objectively say that this person is a loser or this person is a winner, profits are also fleeting meaning they will change over time.

Firstly, most altcoin projects have been either scams or failures citing different reasons. You must have heard of startups in real life and how much the hardship is for an entrepreneur. Some people tried to replicate that into crypto and came up with the ICO concept. Very few like than 1% of them became successful. Would not recommend the same to you.

Background knowledge is what should decide on what you should do. If you are looking to make some side earnings, holding bitcoin for the long term after buying at low price is the good option. If you are willing to give more time then day trading might be an option. If you are in to with a vision and giving full time, you can begin your startup. Not financial advice though.

It would be hard to get statistics on that particular aspect because I think no one wants to show their failures and doesn't want to publicize the data that they have gathered on their failure. How would you even determine the success of a project? Is it the amount of HODLers? Or the market cap that it has? Many factors could choose that, and I believe not every project is willing to show that.

What you could do is determine the top 100 coins right now and see why they are on top. Determine if there's something that they have done differently. From there, you could decide what you want to get on those data.

The top 100 coins are the real winners here.

I think so too, no number of percentages can be stated with certainty about this. It is about how you manage and carry out any form of trade or investment. When it comes to percentage gain or loss, everyone can feel it by their own hard work and failure. But how certain the percentage is cannot be defined well, because the percentage of each profit and loss will vary. Unless you count it from the initial capital with the profit you get, maybe it can be defined. However, before you try it for yourself, you will not know what the percentage gain and loss will be.

Success and failure can happen at any time. Success is earned by your own hard work, and failure is earned by your own fault. The one who increases the percentage of that is you. So try it first, without having to think about the percentage first. Make sure you already have the skills to trade or invest, at least you have the basic skills to do it. Thinking about a percentage of it is a waste of time, and will leave you hesitating. If you are told of a large percentage of profit, you may very well take the initiative to make a trade, but it is not about the percentage of success. The percentage of success is just a measure, which makes it go up or down is the way you do it. Think in advance of the percentage of failure you will experience if you start trading right away, you should be prepared to lose the money you have traded. Because if you fail, all your money can be lost (forfeited). If all you think about is success, I am sure you will be very disappointed if what you find is failure.

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.

there is certain statistic or market report about people that  success in cryptocurrency .but so far i know , not more than 10% from total investor or traders. this market will be killing fields for beginner with minimum preparation when start trading. i know most of them thinking this market could make them be rich person only in a night , but they dont thing if could be poor man in a night too. its have high risk for unskill traders and very dangerous for their money.

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...

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.

There is no source of that. For what purpose?

If you are looking for a percentage of those who succeed just to have a view of what will you do next, then you should change that idea.

And what's success means to you? Able to bag thousands? millions?

I haven't seen any statistics about that. But for the projects that are becoming successful, you define what's success to you and they also have their own definition of success.

And for individuals, IMHO and own stats, I think we're more that have sold at profit and even those who have sold lower, they're still in profit upon selling.

There's no exact number or percentage about it.

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