Topic: How much did you make in Bitcoin trading? - page 7. (Read 1445 times)
I understand that these trading of a thing differs because some people trade and make quantum of profit while some people trade and lost everything, because in 2016 when I developed the interest in trading especially forex trading so my first trading I really lost big amount of money, making money through trading depends on how you really lost previously before profit, for we to master all the rudiments of trading right you have to have a fellow, now since i loss money I don't trade but people trade for me and I get small profit, to be sincere trading good for people that knowns it perfectly not what everyone will adventure into.
I tried a few different things, but didn't put much effort into it. I'm sure that I've profited overall from some BTC hodling, but it wasn't massive profit, and it's not really trading. I've tried trading BTC and altcoins, but wasn't successful and lost some money on that. But I also invested in ETH and LTC early on, and profited very significantly from it. I bought 1 ETH from $16. Then I was scammed and lost 0.6 of that. And still, I lost 0.4 ETH and got around $150 out of this, so it went pretty well. I also bought 1 LTC at $20. I lost 0.5 and got $150 out of this, and I have the remaining 0.5 somewhere.
I make a lot of profit from trading, but I am a small player who only plays with a capital of $ 200, I get a profit of $ 300, that's a lot in my opinion because I am a small player, open like a whale with a lot of capital, my capital is only a little but I feel happy to be able to get more profit from the capital I run.
I didn't made much from it since I convert some BTC while it was raising up.
Maybe next time I could finally gain some huge profit because I don't need to sell off some of my savings.
I plan on saving as much as I could this year so I hope that the next time that we would experience a bull run like that I could also gain huge profit.
Maybe next time I could finally gain some huge profit because I don't need to sell off some of my savings.
I plan on saving as much as I could this year so I hope that the next time that we would experience a bull run like that I could also gain huge profit.
Overall, while I made money trading bitcoin(and other cryptocurrencies), I've honestly could've made A LOT more money if I simply held my bitcoin and dollar-cost averaged, and just put all my focus on creating businesses. While I'm not going to demotivate anyone to do trading, it simply isn't for everyone. Most people are simply better doing something else for money.
I must agree with you.
I use my earnings from exchanges referrals to trade, I made a solid profit from there but even of that I just bought Bitcoin and waiting for today's price, probably now I would have a minimum the same profit and probably more. but it's almost free money to me and all I get out of there is a bonus.
Overall, while I made money trading bitcoin(and other cryptocurrencies), I've honestly could've made A LOT more money if I simply held my bitcoin and dollar-cost averaged, and just put all my focus on creating businesses. While I'm not going to demotivate anyone to do trading, it simply isn't for everyone. Most people are simply better doing something else for money.
Very very true. Trading is not meant for everybody and I am a good example for that. I used to trade a lot in the beginning days of my short lived trading journey.
I used to spend a lot of my time in trading but only faced losses due to FUD and FOMO. I eventually stopped trading due to continuous losses and realized that trading is not for me.
Then I started holding long term and I am very much happy with the results. I don't think I would have made such a profit in trading than holding for long term.
I really feel sorry for you, but you already made a mistake by believing FUDs and FOMO. Do proper research before trading only this can help you out, trust me you can rely on others in crypto currency especially on BTC because of its extreme volatility.
Also if you plan perfectly and give your time I am sure you can make at least 25 - 30$ a day, I am not saying long-term holding is a failure my point is we can even make profit in daily trading as well.
Bitcoin crashed in 2020 because the stock market crashed at the same time. The difference was that stock market could be stopped from the outside when they close the session and bitcoin continues to trade 24/7.
I made some money trading in my early days but it's usually better to go long term. Buying and holding bitcoin is less risky than trading and can generate similar profits.
People who say that trading is better don't take into account that you can make 3 good trades and 1 bad trade and you'll be back at the same level as holders but they were at the same time making money somewhere else and you were wasting time reading charts.
I made some money trading in my early days but it's usually better to go long term. Buying and holding bitcoin is less risky than trading and can generate similar profits.
People who say that trading is better don't take into account that you can make 3 good trades and 1 bad trade and you'll be back at the same level as holders but they were at the same time making money somewhere else and you were wasting time reading charts.
Overall, while I made money trading bitcoin(and other cryptocurrencies), I've honestly could've made A LOT more money if I simply held my bitcoin and dollar-cost averaged, and just put all my focus on creating businesses. While I'm not going to demotivate anyone to do trading, it simply isn't for everyone. Most people are simply better doing something else for money.
Very very true. Trading is not meant for everybody and I am a good example for that. I used to trade a lot in the beginning days of my short lived trading journey.
I used to spend a lot of my time in trading but only faced losses due to FUD and FOMO. I eventually stopped trading due to continuous losses and realized that trading is not for me.
Then I started holding long term and I am very much happy with the results. I don't think I would have made such a profit in trading than holding for long term.
Not as much as people think. I've been doing crypto for several years, and a lot of people assume that because I've been talking about crypto for several years that I'd be filthy rich, when in fact I now earn a steady income doing crypto things, but I'm not extraordinarily wealthy, and it turns out that I'm much less wealthy than I'd be if I just kept working at in iit Company
Part of it is that I just made a lot of “wrong” decisions. It took me about a year to figure out the bitcoin wasn't a bogus scam, and then a lot of time to learn how not to trade bitcoin. I only started to make money trading bitcoin when I ran out of ways to not lose money trading bitcoin, and I honestly would have made tons more money if I just bought a whole bunch of Bitcoin and forgot about it.
But some if it psychological. It turns out that I really don't (want) to win the lottery and retire to some beach. My dream is to live a nice middle class life in which I run my own business doing technical things that are spiritually worthwhile, and to get a steady paycheck so that I don't have to worry about starving, and that I can work on things that I think are interesting and useful.
Part of it is that I just made a lot of “wrong” decisions. It took me about a year to figure out the bitcoin wasn't a bogus scam, and then a lot of time to learn how not to trade bitcoin. I only started to make money trading bitcoin when I ran out of ways to not lose money trading bitcoin, and I honestly would have made tons more money if I just bought a whole bunch of Bitcoin and forgot about it.
But some if it psychological. It turns out that I really don't (want) to win the lottery and retire to some beach. My dream is to live a nice middle class life in which I run my own business doing technical things that are spiritually worthwhile, and to get a steady paycheck so that I don't have to worry about starving, and that I can work on things that I think are interesting and useful.
Unless you are playing the long game, trading isn't much fun. Sitting there watching lines going up and down on a graph, worrying about every dip. It is easier just to go and get a job. 
I have lately realized that trading doesn't work for me like every other of my friends, I decided to stop trading and do other things for earning through bitcoin, sometimes I might decide to HODL and make a little profit that is preferable for me than trading.
Based on the calculation of the earnings from October to January 3rd, I collected 45% of the total trades I used in bitcoin. This is done only once a week depending on market conditions. but of course I don't sell all the bitcoins in my portfolio, I divide it into 3 stages, sell 5-20% and after that accumulate the profit again.
I started with £500 and have about £800 now from doing small trades as it went up. Could have made a LOT more just by buying cheap and selling at the top. I am not a gambler though. Remember you haven't actually made any money until you have cashed out.
I've made some through holding and trading it for cash. Just like me, others have done holding and made more than actually trading.
Heard of many investors did trading(daily) and lost than what they can earn. Holding proven to be the best strategy and just trade when you're about to sell for cash.
Heard of many investors did trading(daily) and lost than what they can earn. Holding proven to be the best strategy and just trade when you're about to sell for cash.
Overall, while I made money trading bitcoin(and other cryptocurrencies), I've honestly could've made A LOT more money if I simply held my bitcoin and dollar-cost averaged, and just put all my focus on creating businesses. While I'm not going to demotivate anyone to do trading, it simply isn't for everyone. Most people are simply better doing something else for money.
Things are going back to March 13, 2020, the second day of the 312 crash. I personally watched Bitcoin fall to 3,800 U.S. dollars, which is a few hundred U.S. dollars per second. I was shocked, because in my trading history , I’ve never seen the btc so low before, not to mention that there are only two months left before the 512 reduction
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