Topic: How Much $$$ Are You Willing To Risk Trying To Live By Selling Bitcoin? (Read 729 times)

none

Even making that much, it's definitely not enough to warrant the risk. You are only getting 10 percent back in the numbers you used which is an understandable ROI, but still, way too risky.

Option trading will have a big effect

whales make loads of money every week by manipulating the price easily on exchanges like btc-e and other thin orderbook exchanges.

500 a week is a really good amount for living a decent life, unless you have a big family to support, i think that the one that are doing the big trading now are early adopters and who made a big profit for the last years(especially 2013), for the remaining is too risky, but i could see someone doing a decent earning with leverage

When i first started out this year, I truthfully thought it was possible to live week to week by selling Bitcoin solely by the supply and demand of people paying markups for instant Bitcoin. However, after dropping all the high risk trading methods, I moved on to just Western Union and Moneygram, where you can probably consistently do about 10% profit margin. Any profit is good profit, but at this rate, even if you could invest $5000 a week, you are only making $500 a week which is not sufficient enough compared to a decent full time paying job with stability. Its also pretty crazy to even think about risking $5000 for that kind of return while you undergo the waiting week for Bitcoin to arrive. The price can jump down instantly, and even if it sparks up, there hasn't been big spikes in one week for a long time. With this all being said, how much are full time traders risking to actually make it worth their while? Its just hard for me to imagine any normal person risking $10,000 a week in an attempt to make $1,000. I understand you can probably try and push closer to 20% roi, but for very safe methods, its highly unlikely you can do that much volume at that type of percentage. If it was that easy, obviously we would all be living comfortably and wouldn't need to scope the forums for ideas or questions. I guess I am just trying to find out if there is actually anyone out there living week by week solely on profits from Bitcoin, and if so, how much are you honestly risking to do so?