How to earn some profit trading BTC - page 2.

DoublerHunter

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Quote from: SquallLeonhart on June 03, 2021, 12:10:41 PM

Quote from: ThatDevAaron on May 12, 2021, 12:58:43 PM

I recorded this video to showcase the best, most simple method for earning some quick profit whilest trading BTC.

https://www.youtube.com/watch?v=UgdJVz3ZTmE

There is no "method" to do that, there is really nothing that is set in stone that would make you rich somehow. There are people who made tens of millions of dollars from trading and yet sometimes even they are wrong. Which means the only way to make a profit from trading is to get lucky. Obviously that is not the only thing that contributes but without that you are going to lose money, everything else is as important to reach there, so you need to be ready to get lucky.

This means you need to know TA, you need to know all those indicators and chart reading and even news reading but without them you can still make money if you are lucky, there are idiots out there who made enough money to buy a house from "lol DOGE ehehehehe" and there are super wise traders who lost money. This is not the norm of course, the norm is you need to know all those important stuff AND get lucky, that is the real way.

^ Definitely right, there is no method that accurately gains profit in trading using BTC, it always has volatile price and you don't know which the price will be moving ahead. But sometimes it will increase the chances of making a profit knowing technical and fundamental analysis, even those indicators will help too to boost the potential that you will earn profit. But as I said, there is no one of them will give an accurate result. It could be changed in the next result and you will use another strategy or method as you have said.

Distinctin

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Quote from: ethereumhunter on June 04, 2021, 10:45:24 PM

Quote from: bitzizzix on June 04, 2021, 05:48:08 AM

Quote from: ethereumhunter on June 04, 2021, 04:36:26 AM

Quote from: awik p on June 03, 2021, 12:13:46 AM

In the cryptocurrency market, news about crypto seems to hypnotize traders to make the same movement. therefore we are looking for support to buy and take a little profit. indeed this seems easy, but if we practice, of course it is not that easy. therefore experience in trading is needed

It is good to use the news for your own benefits because that can allow you to make a profit. Sometimes, when the news comes out, people can panic, which is your chance to know what is behind on the news. Yes, it is not easy, but with practice and always analysis before decide, you will see a good chance to get it. Do not forget to leave the market after getting your profit because you can not make another profit when the news is over. So knowing when to decide and act will be important to yourself.

News will only bring small profits for those who are really experts in taking advantage of bitcoin movements which only move slightly up and then down again and so on.
And besides having to keep control of market movements at all times so as not to miss the right time to make sales, this is not an easy thing and you must really have a reliable ability to stay profitable.

As long as you can calm down in any situation and not panic, you will see your chance. Many people react fast to the news, and many panics because they do not want to be late. Bitcoin movements will always be like that and you only need to follow the moves to see your chance. Setting the alarm will help you know the time to do something, but if you think that the market moves not too good, you can wait for a while and still analyze to see the next move.

FOMO mostly happens to the people who never think about what they are doing but just jump the boat knowing nothing. A lot of people like this and this makes the market so volatile. They started to become panic because they were very stressed seeing the market declining. That certainly how it feels and most especially when we just rely on this. As long this kind of behavior won't never change, this will be going to happen again and again.

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C O M B O

Quote from: bitzizzix on June 04, 2021, 05:48:08 AM

Quote from: ethereumhunter on June 04, 2021, 04:36:26 AM

Quote from: awik p on June 03, 2021, 12:13:46 AM

In the cryptocurrency market, news about crypto seems to hypnotize traders to make the same movement. therefore we are looking for support to buy and take a little profit. indeed this seems easy, but if we practice, of course it is not that easy. therefore experience in trading is needed

It is good to use the news for your own benefits because that can allow you to make a profit. Sometimes, when the news comes out, people can panic, which is your chance to know what is behind on the news. Yes, it is not easy, but with practice and always analysis before decide, you will see a good chance to get it. Do not forget to leave the market after getting your profit because you can not make another profit when the news is over. So knowing when to decide and act will be important to yourself.

News will only bring small profits for those who are really experts in taking advantage of bitcoin movements which only move slightly up and then down again and so on.
And besides having to keep control of market movements at all times so as not to miss the right time to make sales, this is not an easy thing and you must really have a reliable ability to stay profitable.

To be able to generate large profits we really have to be able to read or analyze market movements,
it's certainly not as easy as we imagine and we must learn to be able to analyze the market,
one must realize that the cryptocurrency market is very volatile so it is not an easy thing to analyze it

ethereumhunter

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Quote from: bitzizzix on June 04, 2021, 05:48:08 AM

Quote from: ethereumhunter on June 04, 2021, 04:36:26 AM

Quote from: awik p on June 03, 2021, 12:13:46 AM

In the cryptocurrency market, news about crypto seems to hypnotize traders to make the same movement. therefore we are looking for support to buy and take a little profit. indeed this seems easy, but if we practice, of course it is not that easy. therefore experience in trading is needed

It is good to use the news for your own benefits because that can allow you to make a profit. Sometimes, when the news comes out, people can panic, which is your chance to know what is behind on the news. Yes, it is not easy, but with practice and always analysis before decide, you will see a good chance to get it. Do not forget to leave the market after getting your profit because you can not make another profit when the news is over. So knowing when to decide and act will be important to yourself.

News will only bring small profits for those who are really experts in taking advantage of bitcoin movements which only move slightly up and then down again and so on.
And besides having to keep control of market movements at all times so as not to miss the right time to make sales, this is not an easy thing and you must really have a reliable ability to stay profitable.

As long as you can calm down in any situation and not panic, you will see your chance. Many people react fast to the news, and many panics because they do not want to be late. Bitcoin movements will always be like that and you only need to follow the moves to see your chance. Setting the alarm will help you know the time to do something, but if you think that the market moves not too good, you can wait for a while and still analyze to see the next move.

bitzizzix

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Quote from: ethereumhunter on June 04, 2021, 04:36:26 AM

Quote from: awik p on June 03, 2021, 12:13:46 AM

In the cryptocurrency market, news about crypto seems to hypnotize traders to make the same movement. therefore we are looking for support to buy and take a little profit. indeed this seems easy, but if we practice, of course it is not that easy. therefore experience in trading is needed

It is good to use the news for your own benefits because that can allow you to make a profit. Sometimes, when the news comes out, people can panic, which is your chance to know what is behind on the news. Yes, it is not easy, but with practice and always analysis before decide, you will see a good chance to get it. Do not forget to leave the market after getting your profit because you can not make another profit when the news is over. So knowing when to decide and act will be important to yourself.

News will only bring small profits for those who are really experts in taking advantage of bitcoin movements which only move slightly up and then down again and so on.
And besides having to keep control of market movements at all times so as not to miss the right time to make sales, this is not an easy thing and you must really have a reliable ability to stay profitable.

ethereumhunter

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Quote from: awik p on June 03, 2021, 12:13:46 AM

In the cryptocurrency market, news about crypto seems to hypnotize traders to make the same movement. therefore we are looking for support to buy and take a little profit. indeed this seems easy, but if we practice, of course it is not that easy. therefore experience in trading is needed

It is good to use the news for your own benefits because that can allow you to make a profit. Sometimes, when the news comes out, people can panic, which is your chance to know what is behind on the news. Yes, it is not easy, but with practice and always analysis before decide, you will see a good chance to get it. Do not forget to leave the market after getting your profit because you can not make another profit when the news is over. So knowing when to decide and act will be important to yourself.

joburgtaxi

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profit from trading btc and here I start to doubt

Golftech

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Quote from: Coin_trader on June 03, 2021, 12:33:55 PM

Quote from: Zilon on June 03, 2021, 11:18:18 AM

We can't vouch that a trading strategy would produce a 100% profit but a good strategy should give you more profits than losses. For Btc which could be considered as a range market for now I feel trading the most support and resistance setup would possible make a trader smile at his or her wallet daily. For me strategies that has good price action setup has the potential to make you successful as a trader.

Its a double edge sword strategy actually. If you are pertaining on trading coins with high ATR. Your can suffer great loss if your position is in opposite direction of the trend especially if the support/resistance break while you have position setup against it. But still it's the best strategy to benefit the most on this volatile market. High risk High reward move to be exact.

Indeed, with high risk if your position succeed then you'll be compensated with much decent amount,

while if the market turned against you, the outcome is much faster than you'll imagine, what's best

is you fully understand what you are doing and you are more willing to handle all the risk that it takes.

Coin_trader

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Quote from: Zilon on June 03, 2021, 11:18:18 AM

We can't vouch that a trading strategy would produce a 100% profit but a good strategy should give you more profits than losses. For Btc which could be considered as a range market for now I feel trading the most support and resistance setup would possible make a trader smile at his or her wallet daily. For me strategies that has good price action setup has the potential to make you successful as a trader.

Its a double edge sword strategy actually. If you are pertaining on trading coins with high ATR. Your can suffer great loss if your position is in opposite direction of the trend especially if the support/resistance break while you have position setup against it. But still it's the best strategy to benefit the most on this volatile market. High risk High reward move to be exact.

carlisle1

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Quote from: Zilon on June 03, 2021, 11:18:18 AM

We can't vouch that a trading strategy would produce a 100% profit but a good strategy should give you more profits than losses.

That should how things needs to work, with good trading strategy, you are increasing your chance of earning from this market.

Quote

For Btc which could be considered as a range market for now I feel trading the most support and resistance setup would possible make a trader smile at his or her wallet daily.

Volatile but if you follow the right trend the chance to continue getting profits from rinsing the market still high.

Quote

For me strategies that has good price action setup has the potential to make you successful as a trader.

As long as you build good patterns and you have the patience to wait, you are good to go.

SquallLeonhart

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Quote from: ThatDevAaron on May 12, 2021, 12:58:43 PM

I recorded this video to showcase the best, most simple method for earning some quick profit whilest trading BTC.

https://www.youtube.com/watch?v=UgdJVz3ZTmE

There is no "method" to do that, there is really nothing that is set in stone that would make you rich somehow. There are people who made tens of millions of dollars from trading and yet sometimes even they are wrong. Which means the only way to make a profit from trading is to get lucky. Obviously that is not the only thing that contributes but without that you are going to lose money, everything else is as important to reach there, so you need to be ready to get lucky.

This means you need to know TA, you need to know all those indicators and chart reading and even news reading but without them you can still make money if you are lucky, there are idiots out there who made enough money to buy a house from "lol DOGE ehehehehe" and there are super wise traders who lost money. This is not the norm of course, the norm is you need to know all those important stuff AND get lucky, that is the real way.

Zilon

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Bitcoindata.science

We can't vouch that a trading strategy would produce a 100% profit but a good strategy should give you more profits than losses. For Btc which could be considered as a range market for now I feel trading the most support and resistance setup would possible make a trader smile at his or her wallet daily. For me strategies that has good price action setup has the potential to make you successful as a trader.

slaman29

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Quote from: Kakmakr on June 03, 2021, 01:35:38 AM

So are people still using ByBit? Grin

In any way, you are really pushing it to introduce "newbies" to Leverage trading and I will never recommend "newbies" to start with that type of trading. I will much rather introduce "newbies" to Spot trading, where they will get immediate delivery and where they can trade with lower risk. (debt trading can be a killer) Tongue

In any way, your strategy will be best suited to a more experience Spot trader, than wants to dip his toes into something new and with a slightly higher risk. Grin

I still see their ads a LOT on Etherscan so yeah I guess people still are using this. I mean, if they can afford to pay the huge PPC campaigns on that platform, and also on CMC I believe there are running campaigns there, then I suppose they must be able to still attract a lot of n00bs to the platform.

onecall123

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Quote from: awik p on June 03, 2021, 12:13:46 AM

Quote from: ethereumhunter on June 02, 2021, 10:35:47 PM

~
They can use the news to analyze the market movement because sometimes, they're a sign that we can get and know where the market will move. Some whales like to make the market panic and give them a shock for their heart, so we need to prepare for anything. The people who fall into the whale trap do not analyze the market and just follow it and regret it.

As long as we can control the greediness, we will be okay. Maybe we need to have a target profit or percentage that we should take so when the price moves to our target price, and we can close the target. By doing that and with practice to control the greed, I am sure we can know when to leave the market.

In the cryptocurrency market, news about crypto seems to hypnotize traders to make the same movement. therefore we are looking for support to buy and take a little profit. indeed this seems easy, but if we practice, of course it is not that easy. therefore experience in trading is needed

BTC is trusted and dependable so the vast majority are looking on just trading Bitcoin. You have to decide first whether you're searching for long term investment or if you're interested in day trading. Long term is a pretty safe bet for BTC also less stressful way. Therefore profit daily it requires experience and trading knowledge.

feelideb

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The only method that I have worked for me since 2014 was holding bitcoin! When you hold and give yourself some few years before you attempt to re-consider your hold, you will realize that you are already in good profit position. This strategy is very apt for bitcoin trading because bitcoin deflate every four years! All the 'four years' have been succesful so far in terms of price explosion!

xSkylarx

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Quote from: ThatDevAaron on May 12, 2021, 12:58:43 PM

I recorded this video to showcase the best, most simple method for earning some quick profit whilest trading BTC.

https://www.youtube.com/watch?v=UgdJVz3ZTmE

This video won't help anyone that wants to trade bitcoin and earn from it. It is not even recommended for newbie to try it because it was leverage trading. You need a "not so small" capital if you are going to try it or else you will likely get liquidated. He just explained how to use the bybit platform, not the fundamentals of trading to make you decide to enter a trade. For newbies, spot trading is the best option because even if you buy at a high price you have nothing to lose as long as you don't sell it. For videos, there are good channels to watch on youtube if you really want to learn trading like Reyner Teo which I've learned.

tvplus006

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Quote from: LUCKMCFLY on June 01, 2021, 07:52:25 PM

Particularly one of the ways to earn with BTC is by trading, many are dedicated to scalping, others simply put a position in LONG and the other defend it with a leveraged SHORT, this is a practice that comes from the 1800s, Jesse Livermore applied it, currently very few traders do it because it gives good results only when very high amounts are handled, it is similar to scalping.

The advantage of this strategy is that it is always in the market, if on the one hand it loses on the other it is recovering and there is the possibility that it will come out with a positive balance, although the strategy is very risky, many traders dedicate themselves to this practice.

Jesse Livermore broke one of his rules - not to exceed the permissible risk, which resulted in not only a complete loss of his funds, but also pushed him to suicide. Despite the trading rules he developed, he still remains a loser for many, and for this reason, few traders use such trading tactics.

Kakmakr

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So are people still using ByBit? Grin

In any way, you are really pushing it to introduce "newbies" to Leverage trading and I will never recommend "newbies" to start with that type of trading. I will much rather introduce "newbies" to Spot trading, where they will get immediate delivery and where they can trade with lower risk. (debt trading can be a killer) Tongue

In any way, your strategy will be best suited to a more experience Spot trader, than wants to dip his toes into something new and with a slightly higher risk. Grin

Kong Hey Pakboy

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Quote from: Hypnosis00 on June 01, 2021, 07:03:43 PM

I really appreciate the effort made by OP however, if we do it now nothing could assure that the results will be the same. Even we do the copy trading, it all comes with different output as it always depends on the market trend. If that works on you OP, just keep it and continue doing that. It might give help but I have to do my own and discover strategies that could be more effective than what I use before. As the market becomes more volatile, the more we have to be careful and make decisions wisely.

Well, if it is a copy trade then probably it will yield the same result, the only factor that changes is how much money you have in your account compared to the person that you are copying the trade with. Making your own strategy is good but at the least be open to other ideas because they can help you create an amalgamation that might work just for you.

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Quote from: ethereumhunter on June 02, 2021, 10:35:47 PM

Quote from: Questat on June 02, 2021, 09:33:11 AM

~

Quote from: ethereumhunter on June 02, 2021, 05:38:13 AM

The news can not hold the price at the lower price forever because if the bitcoin price increases, it will still increase and the news will be behind that without giving much effect. The news can release to make people panic, but if you can prepare yourself, you do not need to worry and panic because you will have a way to prevent the loss that might happen to you. Carefully and not greedy is a good suggestion to make you know that after you take profit, you need to calm down and wait for what will happen next.

We care to listen to some news but of course, we have to analyze it so well and think wisely if that can be legit or just a FUD. Because some whales use this thing in order to manipulate the market and also the mind of the people. And whoever fallen into this trap, will certainly have to regret it.

And talking about greediness, I think we all have it. Yeah, I did as it helps me to motivate myself but I tried not to be too greedy, coz I know what will happen to me in the end.

They can use the news to analyze the market movement because sometimes, they're a sign that we can get and know where the market will move. Some whales like to make the market panic and give them a shock for their heart, so we need to prepare for anything. The people who fall into the whale trap do not analyze the market and just follow it and regret it.

As long as we can control the greediness, we will be okay. Maybe we need to have a target profit or percentage that we should take so when the price moves to our target price, and we can close the target. By doing that and with practice to control the greed, I am sure we can know when to leave the market.

In the cryptocurrency market, news about crypto seems to hypnotize traders to make the same movement. therefore we are looking for support to buy and take a little profit. indeed this seems easy, but if we practice, of course it is not that easy. therefore experience in trading is needed

Topic: How to earn some profit trading BTC - page 2. (Read 709 times)