How possible is it to make a living trading cryptocurrencies alone? - page 2.

taufik0911

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HEX: Longer pays better

Quote from: Phoenix_PROG on September 03, 2020, 02:24:43 AM

Quote from: konflikkastil on July 20, 2020, 11:09:33 AM

Can someone make it trading only altcoins?

I still don't know how experts trade and live on trading alone because there is always loses around the corners, the best trading strategy I like using is buying bitcoin or popular altcoins at a cheaper price or when bears attack the market and sell when bulls are here

it is the basis of trading and investing i.e. buying at the lowest price and selling when it hits the highest price
but we need to analyze market trends, fundamentals and technicalities to get a profit because we can't just rely on luck because the market can suddenly change
It is better if you first learn how to analyze the market before trading and if you have enough experience you can live only on trading income

ghost424

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It might actually take a long time but its worth it. To gain or earn more with Cryptocurrencies, managing a bounty or joining bounties are the best way to gain Alternate Cryptocurrencies. Managing a Bounty is hard but the pay is good BUT to do that, you need to prove yourself by managing small bounties at first then transition to bigger ones. You also need to have a reputation within the forum if you want to be known.

ije07

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PredX - AI-Powered Prediction Market

I think it's possible but if you really have a broad knowledge of trading, about the coins you want to trade and are ready to take risks too. Trading does require high risk, but you also have the opportunity to get big profits if you are lucky in trading.

Phoenix_PROG

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Quote from: konflikkastil on July 20, 2020, 11:09:33 AM

Can someone make it trading only altcoins?

I still don't know how experts trade and live on trading alone because there is always loses around the corners, the best trading strategy I like using is buying bitcoin or popular altcoins at a cheaper price or when bears attack the market and sell when bulls are here

lienfaye

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Quote from: ?? on ??

yes, it is very possible that someone only trades altcoins, before you enter into trading, you still have to read the movement of Bitcoin with USD, pay attention to risk management and capital management. you can survive in the world of trading.

We can survive but relying your daily living on it? I dont think it will work for everyone.

The market is unpredicted and we cant often take profit thus making it hard to rely your daily needs on your profit in trading.

However this is not impossible either for a pro trader that know how to apply a strategy regardless of the status of the market.

gazilla

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It is very much possible to live of crypto for as long as there is crypto. Honestly you have to know to withdraw some of the gains you make before a market downfall. So if you play it smart it is definitely doable.

ubay

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Yes, of course you can, playing daily trading with a target of 5% - 10% profit is what you have to do, but first learn technical analysis before trading, practice learning and determine the formula according to your abilities then you will be successful.

djmixen

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Quote from: konflikkastil on July 20, 2020, 11:09:33 AM

Can someone make it trading only altcoins?

In crypto trading, you really need to learn how to read the graph or chart. But remember once you do this it means you need to invest in short your a capitalist automatic to buy coin on which you think it has a potential to give profit to you in the future. And you also must learn how to read when is the right time to buy or sell, therefore use TIMING and have skills in trading as well.

landoffaucets

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The average broker / exchange has about 90% of all accounts in loss. That means that 10% of accounts are in green numbers and I think that no more 1% of all accounts belong to traders that makes living by trading, so as you can see it is extremely hard.

blue_hurricanger

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Yes, traders can make a meet end day by day by trading altcoins. It is not really that hard or impossible if you know the risk and when to stop trading all together since not every day in the market is the same. It's okay to come back empty for a few bad days in the market.

Jeger.Kiting

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Maybe this year to trade in the global market is very difficult, of course we could risk losing a lot of money, but do you think that the exchange provides a lot of trades if you play big trades, at least we can choose which Crypto we can play for us to play , and take profits little by little to make a profit, sometimes someone is not satisfied with what they have gotten in trading, that's what makes most people get big losses when trading, the key is to make the smallest possible profit at this point, don't expect to get too much big profits, if the small ones can meet your results in the future ...

holly.ball8

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I know there are a few future trading groups that only have calls for low risk order so yes, if you playing safe you can earn 5% or more per month from those groups. With an average fund and follow a few of their calls per day, I think you can have enough profit to sustain your daily life if you live frugal also. But most of them don't want that, they want to get rich quick, increase their fund tenfold in months so they followed the riskier calls, easily lost their fund.

imstillthebest

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Quote from: ice18 on August 22, 2020, 07:17:49 AM

There are so many traders around the world not only making a living but making wealth what you only need is skills and experienced you need to learn it not in few days or weeks but months or years to be able to become successful others look for a mentor but the fee is expensive if you dont have enough money then youtube is free but be careful to enter an investment without enough knowledge its too risky.

the time that they spend on trading is worth it if they can mint enough money on here to make them wealthy but to most traders , they are also trying thier best . id be happy if i can make some bucks to buy a food and i couldnt ask for more . i can earn but not have a balls to risk big for some that are also starting to trade , they can try free stuffs on the net to imrpove thier trading career before deciding if they want to hire a coach or a mentor to help them because its not free

DevilSlayer

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It is possible but I do not recommend to try it especially for those beginners in the market. I do trading but I'm not a full time which means I have a lot of extracurricular activities outside the trading world. I can become a fulltime if I choose it but there are a lot of things that I still doing in the outside world. I frequently trade global stocks and indices than altcoins because of the volatility but it doesn't mean that it is better than trasing altcoins or vice versa because I just chose where I'm comfortable.

You can become a full time trader where your primarily source of income is just trading altcoins but you should consider a lot of factors. Evaluate yourself first if you are fully prepared to take the risks. The pressure is really high especially if you really decide to quir your job and become a full time trader. The rewards are huge but the risks are also huge where you can lose your hard earned money if you are not prepared.

ice18

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There are so many traders around the world not only making a living but making wealth what you only need is skills and experienced you need to learn it not in few days or weeks but months or years to be able to become successful others look for a mentor but the fee is expensive if you dont have enough money then youtube is free but be careful to enter an investment without enough knowledge its too risky.

blckhawk

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Quote from: konflikkastil on July 20, 2020, 11:09:33 AM

Can someone make it trading only altcoins?

It is possible however, you will put your money in a lot of risks. This kind of job requires skills otherwise, you'll lose it all.
There are lot of altcoins that is worth of your investment and there's a lot of altcoin are not worthy as well, so you better put an effort and analyze to distinct which coin is good or not.

suzanne5223

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Want top-notch marketing for your project, Hire me

Quote from: GWS My Boy on August 21, 2020, 02:13:33 PM

I am looking for money not through trading because I don't understand in this matter but i make money through bounty and airdop because the results can be maximized although it took a long time

Making money through airdrop and bounty is simple but the token or coin you're going to pay with mostly don't have a good value which will make the time you spent advertising the project worth it. However, I don't see anything bad in maximizing your means of earning by including crypto trading of which you learn to learn and understand the fundamental aspect of it.
Don't rely only on bounty/airdrop mate.

Docbee

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Quote from: konflikkastil on July 20, 2020, 11:09:33 AM

Can someone make it trading only altcoins?

It's very possible making a big living by trading crypto/altcoins alone. I have few numbers of people doing full time job on crypto trading. However, they do it on a big scale, they invest around $5,000 daily, and they get range of $500-$1000 daily ROI. Anyone that will do such must be vast in trading knowledge and experience, because as you can gain double of your capital so you can lose everything within few hours.

Arkann

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I believe that it is worth paying attention to margin trading in order to obtain a constant income, since according to statistics, most traders constantly replenish their budget precisely thanks to margin trading. And nevertheless, do not forget that "margin" is one of the most justified instruments in the financial world. In addition, you need to take into account the fact that margin trading allows you to work in the cryptocurrency market even for those traders who have a very small start-up capital.

Shallow

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SmartFi - EARN, LEND & TRADE

With determination, everything is possible, you just have to decide first then back it up with action through learning all you can possibly learn about trading. Trading is lucrative but very risky, and in as much as you can make good profit from trading, in the same way you can lose all in trading. Thus, the only way to limit losses but increase chances of profits is through learning the right things about trading. So if you are ready, get in touch with those who can mentor you, or you can look for YouTube videos to get yourself the prerequisites knowledge while also looking for those who can help teach you more.

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