How possible is it to make a living trading cryptocurrencies alone? - page 8.

dragon695

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Quote from: princerepon on July 21, 2020, 12:41:08 AM

Quote from: konflikkastil on July 20, 2020, 12:09:33 PM

Can someone make it trading only altcoins?

Of course it's possible. Many people doing it properly and making profit from it. But before that you have to learn how crypto/altcoin trade work properly. The more you spend time on it the more experience you'll achieve. And the most important kye point in trading is experience. Don't start altcoin trade with new altcoin projects because it's too much risky to understand a good project for a beginner altcoin trader. Here you can see some tips that can help you to understand about altcoin trading.

It's true! Many people choose to trade altcoin only because altcoin once it gets pump, it provides more profits. However, to be able to do that, you have to master technical analysis, techniques, have enough understanding and experience. The reason is that investing and trading altcoin is riskier than usual. It's the fact that the riskier, the more profits!

princerepon

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Quote from: konflikkastil on July 20, 2020, 12:09:33 PM

Can someone make it trading only altcoins?

Of course it's possible. Many people doing it properly and making profit from it. But before that you have to learn how crypto/altcoin trade work properly. The more you spend time on it the more experience you'll achieve. And the most important kye point in trading is experience. Don't start altcoin trade with new altcoin projects because it's too much risky to understand a good project for a beginner altcoin trader. Here you can see some tips that can help you to understand about altcoin trading.

freedomgo

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It's possible but this is a kind of job that is too risky, if you don't have the skills, you can't rely on it as your main source of income, otherwise you'll die in hunger. Just like people who considers gambling as their profession, they make money from it, so it's the same with trading, we are still considered gambling here.

Python Master

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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.

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Quote from: konflikkastil on July 20, 2020, 12:09:33 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.

Rodeo02

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Quote from: konflikkastil on July 20, 2020, 12:09:33 PM

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.

konflikkastil

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Can someone make it trading only altcoins?

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