Topic: How possible is it to make a living trading cryptocurrencies alone? - page 4. (Read 955 times)
July 24, 2020, 11:07:31 AM
You can not earn your whole living only by trading on the cryptocurrency. But, this is sure that if you are investing in certain top coin and stick to it for the 5 years you can earn a huge amount which can later make your living easy and maybe you don't have to employ in anywhere. So, choose the crypto coin wisely for your investment and wait for the good time.
July 24, 2020, 11:04:34 AM
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.
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 24, 2020, 11:01:50 AM
altcoin trading need someone that having big patient on his life, because its not like binary option trading that you could get profit or lose within a day, altcoin trading may take sometime about a week or even a month before they will get profit to wait the altcoin pump, if you are someone that doesn't have big patients on your life and want to make short term profit, would be good to trade on Binary options trading, short term profit always have big risky.
July 24, 2020, 10:57:17 AM
Can someone make it trading only altcoins?
Follow my lead, you need lots of patience and to avoid losses when trading, just buy low and sell high, all that matters here is timing, orders can get successful in seconds, minutes, hours, days or even months, that's why you need patience Trading isn't everyone's cup of tea and everyone should understand their strength and weaknesses and then decide on what earning path they should take in the future. There are many ways to earn money online and trading is just one of those more than 100 methods.
July 24, 2020, 10:45:30 AM
Can someone make it trading only altcoins?
Follow my lead, you need lots of patience and to avoid losses when trading, just buy low and sell high, all that matters here is timing, orders can get successful in seconds, minutes, hours, days or even months, that's why you need patience 
July 24, 2020, 10:41:35 AM
Can someone make it trading only altcoins?
It depends on basically three factors, first of all are you able to get profits from the markets in a consistent way even when they are going down? For 90% of the traders the answer to this is no, and the next questions are what it is the rate of growth of your capital? And what is the size of your capital compare to your expenses? If you need to obtain 100% profits each year to sustain your lifestyle then forget about it, you are never going to make that amount of money and even if you do it for a few years you will take too much risks in the process and lose everything, in my opinion the maximum rate of growth you could get away with is 30%, I know these numbers may seem low to some people as the market of altcoins can move very abruptly but it is naive to think you can always win in this market. 
July 24, 2020, 10:39:57 AM
Can someone make it trading only altcoins?
Of course you can, I also trade on altcoin, I don't have Bitcoin, because the current price of bitcoin is still expensive, and in altcoin everything is still cheap, so I decided to altcoin, and I'm grateful to be profitable 
July 24, 2020, 10:39:38 AM
Can someone make it trading only altcoins?
What exactly do you want to trade if not altcoins? This is the best industry you can earn while sleeping and while talking 
. I have be a fan of the altcoins and traded many time ago with good profits to show. This has be one way I took care of my families without any problem, but, you must be focus and be ready to face obstacles. Altcoins season has come again and you can start buy some good defi projects coins for profits, though you must be careful for making your choice of coins. July 24, 2020, 10:27:57 AM
Can someone make it trading only altcoins?
Of course you can, I also trade on altcoin, I don't have Bitcoin, because the current price of bitcoin is still expensive, and in altcoin everything is still cheap, so I decided to altcoin, and I'm grateful to be profitable July 24, 2020, 10:27:04 AM
Can someone make it trading only altcoins?
Its possible but highly risky though, there are time comes you may face losses for a while in that time what you will do for your living.Crypto is highly volatile and profitable but making it as our only source of income will make your future in a big question.But you can live by if you have decent amount as capital by holding most part in crypto and only trade with a part of it. 
July 24, 2020, 10:22:41 AM
Can someone make it trading only altcoins?
Of course you can, I also trade on altcoin, I don't have Bitcoin, because the current price of bitcoin is still expensive, and in altcoin everything is still cheap, so I decided to altcoin, and I'm grateful to be profitable 
July 24, 2020, 09:55:03 AM
Or rather than a newbie bothering himself or herself with the challenging job of day trading, he/she could simply focus on buying few established coins when their prices dip substantially (and sell when they increase) until the market is well understood and he/she can then move to day trading and trying other coins. Price notifier and stop loss will help alot in this case
July 24, 2020, 09:37:15 AM
Any traders living in a 3rd world countries can have a liveable condition with less than $300 per month. That amount doesn't look too much so it is possible for traders in those countries. Else, you looking at very high profit and gain per month to keep you sustain in 1st world countries and make every day trade become more harder under that pressure.
July 24, 2020, 09:11:46 AM
Can someone make it trading only altcoins?
I think it is possible to make a living on trading cryptocurrencies. But it is a risky move that you should be prepared with the market's ups and downs. The crypto market is very speculative and the trends are very unpredictable so you should know how to read market movements so you can go with the market flow to earn big in crypto. Unless your comfortable with it, you should have an alternative means of earnings to be sure.
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July 24, 2020, 05:26:40 AM
The more you analyze and trade, the more experience you will get. You can improve your skills in analyzing the coin movement. You can know when to enter and leave the market, you will know how to buy the coin at a low price, and the important is you will know how to sell the coin at the right time. But remember, all of that will need time, and it will not happen in one night. And as long as you can learn from many lessons, I am sure that it will not takes too long to improve your skills.
Yes simply, when we are continuously spending time with trading then we can easily become a professional trader. Spending time into trading environment is not possible by just watching markets and this is the reason experts are always suggesting about practicing in demo accounts or trading in live markets but with very small capital. When you're engaging with markets then you can simply notice that you are getting various skills about predicting market direction by your own.As per many people's experience in this forum, making a life out of crypto trading is possible. But, it is possible only for experienced traders because when you are continuously making losses, you can not be expecting some returns. In summary, crypto trading basically got the potential to get us good profits but only for the people who know how to approach it.
When we are in the market, there will be more challenges that we will meet, making us more careful to decide. Without analysis, we will have difficulties getting the target coins that we want to buy, which could lead us to pick a wrong coin. Predicting the market is one thing that we need to do because, in the market, many coins can attract our attention to buying.
Experience is one thing that the traders should have to determine which coin they need to analyze. It is okay if you are making losses because not all traders can always profit every time they trade. While you are learning more about trading, you can give you more experiences to know the time to buy and sell, which can help you make a profit.
July 23, 2020, 05:51:57 PM
It's possible to make a living by trading cryptocurrencies alone but depend greatly on one how much you need to live as well as your capital investment.
How big your capital will determine how much you can earn from the market. I think if you can even generate $50 bucks in a day and that's already good amount. People didn't need a lot of money to keep their daily life. Regular profit is much better in this case.
July 23, 2020, 05:50:24 PM
It's very possible to make living in trading cryptocurrency but one major thing you must not forget is not to be greedy because it is very risky, and this is one of the reasons having the right skill of doing it is very important
That's not enough because usually a trader gets greedy if he's not experienced. But having that attitude of not being greedy is a must as you trade and day trader or making a daily living through trading, it's hard. You must be disciplined or gone through a lot because you can't do that if you have never went through hardships or never experienced some failures as a trader. July 23, 2020, 05:47:21 PM
Absolutely yes, it's possible. Trading in crypto requires capital to start up with and much experience needed before diving into it. Trading earnings feels so good when you have gotten the right formula to trade fine. Trading takes time before you can able to understand the tactics of trading. Although before then, just bear it in mind that, its a win and loss game or business.
July 23, 2020, 03:54:35 PM
It's very possible to make living in trading cryptocurrency but one major thing you must not forget is not to be greedy because it is very risky, and this is one of the reasons having the right skill of doing it is very important
July 23, 2020, 02:31:52 PM
Can someone make it trading only altcoins?
Only experts can make it especially who trade at small time frame charts like 1 hour or 4 hour but to be honest it is not that easy because most of the coins and pairs in crypto market still lack enough volume so making it difficult for even scalpers to make regular profits. Jump to: