Topic: How possible is it to make a living trading cryptocurrencies alone? - page 3. (Read 951 times)
August 22, 2020, 05:09:32 AM
If you are good at market analysis, you can easily make a living even with a small deposit using the futures market for example and trading with leverage.
August 22, 2020, 04:45:57 AM
Well, it is hard to imagine that someone can make living just from trading cryptocurrency alone indeed.
But in reality, there are many crypto traders who can do that. Trading crypto is different from trading stocks because the volatility of crypto is very high. but the more the volatility, the more you can make its profit.
But in reality, there are many crypto traders who can do that. Trading crypto is different from trading stocks because the volatility of crypto is very high. but the more the volatility, the more you can make its profit.
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
August 21, 2020, 12:33:53 PM
Can someone make it trading only altcoins?
Yes of course. But if you are new in the crypto world don't have enough knowledge then it's impossible. also, you can lose your money. But if you are experienced and have enough knowledge then you can earn a lots of money that you can't imagine. I saw a trader who made 50k$ profit in one day. which is hard to believe but yes it's not impossible. But need lot of knowledge. If you want to earn a good amount of money then try to gather knowledge & experience. 
August 21, 2020, 12:31:01 PM
it is very possible to live on proceeds of crypto currency alone. Trading has proven to be the most resourceful triat of business currently trending in the space as people now engage in trading with so much sensitivity and skill thereby making them more than comfortable and not needing any job..
August 21, 2020, 12:30:43 PM
Of course it's possible. The only requirements are knowledge and big enough stack of money to begin with.
This is all statistics but good investments can easily give you 10% each time you make a successful trade so even if you catch one pump like that per month you're going to do pretty good.
The more money you have the better of course and this means that if you need to earn 1000 usd a month to make a living you'll be trading around 10 thousand or more. If you're able to trade more it's going to be easier for you. If you have less you'll have to make better trades.
This is all statistics but good investments can easily give you 10% each time you make a successful trade so even if you catch one pump like that per month you're going to do pretty good.
The more money you have the better of course and this means that if you need to earn 1000 usd a month to make a living you'll be trading around 10 thousand or more. If you're able to trade more it's going to be easier for you. If you have less you'll have to make better trades.
August 21, 2020, 12:27:56 PM
I will consider the opinion of old and higher rank member on the topic, someone who had spent 4-5 years of his life trading. I am sure it is not easy trading in the bear market and that does not push the need and responsibility away but the profit in the bear market is generally low that some people leave few months after bull market to buy from the dip. Thats what birth so many reasons to be long term trader,buy in bear and sell in bull market. Profit from the bull are saved for 4-10 years, build more businesses around it with huge capital make daily or monthly income
August 21, 2020, 11:34:17 AM
Very possible, have been doing that for a while now and the pandemic helped me to also intestify and put in more effort, though most times you don't earn much but with determination you are very sure of something that will keep you going every month
August 02, 2020, 12:49:27 PM
Make a living trading cryptocurrency alone is nothing rare as you think. There a number of traders that have very large capital funds to make just a tiny profit from a few trades could net them enough to living for a month. You can do it by delicate more time, more success trade if your capital funds low.
August 02, 2020, 12:36:03 PM
One does not necessarily need high capital to start. I know people who started from 100$ and now trade cryptos worth more than a hundred thousand dollars. It’s all about making the right decisions at the right time and understanding the market inside out. I agree that many traders lose money instead of making profit out of the trade the reason being their impulsiveness to invest without any background check or technical analysis.
Do you happen to know how long did it take them to reach from $100 to $+100,000 ? Hard to believe someone managed to multiply his invested in trading amount 1000 times. How they reach such an amount? Trading or simply holding ? I have a feeling, that it was just a pure luck. If you give them $100 today, they would not repeat their path of obtaining $+100,000.
July 29, 2020, 03:21:56 AM
One does not necessarily need high capital to start. I know people who started from 100$ and now trade cryptos worth more than a hundred thousand dollars. It’s all about making the right decisions at the right time and understanding the market inside out. I agree that many traders lose money instead of making profit out of the trade the reason being their impulsiveness to invest without any background check or technical analysis.
Do you happen to know how long did it take them to reach from $100 to $+100,000 ? Hard to believe someone managed to multiply his invested in trading amount 1000 times. How they reach such an amount? Trading or simply holding ? I have a feeling, that it was just a pure luck. If you give them $100 today, they would not repeat their path of obtaining $+100,000.
July 28, 2020, 12:59:18 PM
Price which has moved so quickly is really good time for the traders and speculators as one would have made 1500$ easily on per btc if had bought couple of days back only. Due to high volatility and both way swings this is the time where traders book profits on upside and also on downside too as market bounces back and take a dip of couple of hundred dollars as well.
July 28, 2020, 12:39:24 PM
Can someone make it trading only altcoins?
That's very much possible but you will have to be experienced and has a high capital for you to be able to start. Like you as a newbie, you need to gain experience first. It's not just you have heard that they can make money through trading altcoins and so you'll do as well.It takes time to tango and you have to practice yourself doing it again and again until you become familiarize with the setting in trading. Many day traders are prone to losing than profiting.
July 28, 2020, 12:37:32 PM
It's possible to make a living with trading crypto, but are you capable for that or not is the answer you need to look inside yourself. Do you have enough capital to start, enough skills to know what you need to do and how to do it, patience to wait good moments? And sooner or later you will experience hard times, you need to know how to survive that.
All in all everything is possible, but is it possible for you nobody can't say, you need to try it and you will have your answer.
Patience is probably going to be the most critical factor when it comes to try to trading and sustaining yourself with the activity, there are moments like the previous three months in which the market does not move at all and it is almost impossible to obtain profits in it, what are you going to do during that time? The wisest choice is to just hold still until things improve but can you do that as the bills begin to accumulate? What if after that period of inactivity you lose money? It is at those moments when most traders will take a dumb risk and end their careers prematurely. All in all everything is possible, but is it possible for you nobody can't say, you need to try it and you will have your answer.
July 26, 2020, 03:32:11 AM
There are many full time traders in cryptocurrency market and forex market. It is possible. However to become a full time trader is not easy, it costs you a lot of time, money, trying and non-stop learning. Because every trader start with the same position and nobody can win the market when he starts. Most of new traders will give up because it's too hard to win the market.
That’s so true. You stop earning when you stop learning so you should always strive to learn even of you are well established if you want to keep the hold of the market. Start slow and then gain pace as it Is all about consistency when you are trading in a market that is highly volatile and full or risks. Daily trading is not an easy task and not everyone is able to cope up with the ups and downs of the market.Can someone make it trading only altcoins?
It’s possible to make a living just by trading stocks, isn’t it? Then how is this any different? I agree that the market is highly volatile, but remember if you can lose big, you can always win big. And if you play safe i.e. small trades and quick profits, you can still make a living. But for that, you need to understand the market careful and make near to or accurate predictions. July 25, 2020, 03:29:09 PM
It is very much possible to make a living from cryptocurrency trading alone.A lot of people have made it immensely from cryptocurrency as a result of investing in various coins with good value.It is very important to be determined and focused if one desires to enjoy the benefits that are available in crypto.Although, there are challenges one is likely to enter as a result of deciding to trade with cryptocurrency. One just need to stay focused and press for the best.There are lots of ways one can benefit from cryptocurrency and make a living out of it.One may decide to be buying the coins and then trade or better still be involved in bounty campaigns which only requires some level commitment in promoting the project and then get token rewards for it.
July 25, 2020, 12:35:32 PM
Although I think with a bit of skill and luck, you can do it to trade cryptocurrency for a living but you shouldn't. A lot of pressure as each day you need to make stable earning from your trading in the unstable crypto with very volatile market from time to time.
July 25, 2020, 11:43:53 AM
Can someone make it trading only altcoins?
yes actually its possible but you need to learn how to read technical analysis before doing a trade I know a persons doing that and earn around 10-50% in daily trades h. But that's not always accurate that's why its important to have stop lost if you don't want to lose large amount in trading.
If you really interested learning it watch many tutorials or attend seminar to have ideas and learn how to do it.
Moreover, by considering the volatility of crypto markets, I believe it is not at all good and safer for anyone to be completely believing in making a living out of cryptocurrency trading. It means, we should be having crypto trading as one of our part-time income stream and we must have multiple income streams so that we could manage regardless of, not consistently making profits from cryptocurrency trading.
July 25, 2020, 09:50:17 AM
Yes, you can earn what can sustain you for a whole month within 24hrs of trading, is very possible, trading can give u massive income in less than 24hours, it all depends on how good you are at what you do.
Don't you think that this isn't doable for most of the people out there, how can you earn 1 month of income in less than 24 hours of trading, for this you have to be either a legend in trading or you would be having some kind of insider information on the project and announcements or with the exchange itself. Earning only a modest amount of money is possible from trading on a daily basis but those extravagant trades that gives you 10x or more happen only once in a long period of time.
July 24, 2020, 12:18:20 PM
Yes, you can earn what can sustain you for a whole month within 24hrs of trading, is very possible, trading can give u massive income in less than 24hours, it all depends on how good you are at what you do.
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