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Topic: Is it worth for me in my situation to start btc trading? (Read 1378 times)

sr. member
Activity: 952
Merit: 251
See if you are willing to trade then you can ofcourse start trading but keep in mind the risk involved in this crypto business and evaluate your performance on daily basis.You can try investing less amount than $300 as you are newbie to this market and invest in potential alts like btc and ETH which gives guaranteed returns.Otherwise you can have your own basket of eggs of your choice and wish you the best for future.
There is not much of risk involved. As a matter of fact, with a potential coin in hands and good skill-set, a trader can earn more than sufficient amounts of money. He just needs to have sound knowledge regarding his asset and his profession. With good understanding of both, the risk factor becomes negligible. I would also suggest bitcoin as that can produce some profits during dip season too.
full member
Activity: 1414
Merit: 228
Omicron is another FUD
  • Can I learn and do trading for month to make at least some money(around $100-$250), while doing freelance programming? I can arrange 3-5 hours for each activity per day.
"Being a freelance programmer while trading sounds easy but in reality, it's not easy".  I tried this, but it didn't work for me.. when I trade and find my assets go down, it really interferes with my focus.  and vice versa, when my mind is stuck because I can't find a suitable program code, it also really upsets my mood and focus!!  my suggestion.. you better focus on one (just being a programmer or just being a trader), but if you want to try, I think it doesn't matter, you might be able to do both (being a freelance programmer & trader).
legendary
Activity: 1960
Merit: 2124
See if you are willing to trade then you can ofcourse start trading but keep in mind the risk involved in this crypto business and evaluate your performance on daily basis.You can try investing less amount than $300 as you are newbie to this market and invest in potential alts like btc and ETH which gives guaranteed returns.Otherwise you can have your own basket of eggs of your choice and wish you the best for future.
jr. member
Activity: 175
Merit: 1
Slowly, start trading without the purpose of earning a lot of money. Trading isn't simple at all and you need to gain some experience. It's a matter of time, so just be patient and learn from your mistakes. Learn more and more about cryptocurrencies, it's important. Moreover, find an exchange with will be perfect for beginners, like for example CoinDeal which is very user-friendly platform.
sr. member
Activity: 938
Merit: 256
to start trading with minimum capital is not a problem but an understanding of bitcoin in the market you must know very well and try to find information and opinions both from the experienced, freedom in bitcoin or cryptocurrency do not you waste it without good results and if you want to start now is the right time to buy bitcoin and according to good news, bitcoin will reach fantastic prices for the next few months.
Getting opinions from others is wrong in cryptocurrency and to some extent in commodities and stocks. Because the market is manipulated by shills and brain dead shitcoin promoters. They will post their bullshit propaganda everywhere so they can dump their coins by creating a demand among those who are foolish enough to listen to them.

Most people should learn how to do TA if they are going for bitcoin day trading and analyse charts for a long term holding.


Yeah newbies should read a lot of news outthere and often to read the forum like this because less information in crypto can kill us since there are too many "looks promising" projects but in fact they don't do anything with the product and their intention is just for scamming people. And for daily trading we should learn more about technical analysis and also don't forget to follow the updates of coins because that can give us a lot of profits if the coins have good news
legendary
Activity: 2674
Merit: 1048
to start trading with minimum capital is not a problem but an understanding of bitcoin in the market you must know very well and try to find information and opinions both from the experienced, freedom in bitcoin or cryptocurrency do not you waste it without good results and if you want to start now is the right time to buy bitcoin and according to good news, bitcoin will reach fantastic prices for the next few months.
Getting opinions from others is wrong in cryptocurrency and to some extent in commodities and stocks. Because the market is manipulated by shills and brain dead shitcoin promoters. They will post their bullshit propaganda everywhere so they can dump their coins by creating a demand among those who are foolish enough to listen to them.

Most people should learn how to do TA if they are going for bitcoin day trading and analyse charts for a long term holding.

Financial markets trading is something (a job) that fully your own responsible indeed , it's not advisable to encourage other people to do exactly what the other people saying... but taking it as a consideration might be just fine right?
One thing that people should do is to not letting your main job go and just switched it to become a full time trader, op situation is looking for opportunity to switch in trading and completely quit the main job which I personally wouldn't recommend to do it at all.

Unless if you have a strong desire since day one and a principle to not regretting any decisions that has been made in the future, ready, accepting and fully aware about the big risk being a full time trader ... then that moment it's up to you .
hero member
Activity: 1190
Merit: 568
Sovryn - Brings DeFi to Bitcoin
A goal is needed but not when it comes to the amount of money you want to make as a beginner trader, your goal should be to learn about the markets and if that means losing some money so be it, take that as a small price to pay for all the profits you will get in the future, but if you want to obtain profits right away then you will take important decisions based on your skills as a trader which at that point are not really that good and the chances of making an irreparable mistake are simply too high.
I suggest for the OP to research first the coin that he wanted to invest so that he will not regret on it soon, many beginner traders are not doing this, that is why they are losing their money before they gain, a professional trader knows what he will be doing so that he cannot lose too much money, we cannot prevent loosing any to gain experience but we can lessen it. having an amount like that can start trading with good coin, having time for it every day makes sense and will very helpful.
sr. member
Activity: 994
Merit: 252
to start trading with minimum capital is not a problem but an understanding of bitcoin in the market you must know very well and try to find information and opinions both from the experienced, freedom in bitcoin or cryptocurrency do not you waste it without good results and if you want to start now is the right time to buy bitcoin and according to good news, bitcoin will reach fantastic prices for the next few months.
Getting opinions from others is wrong in cryptocurrency and to some extent in commodities and stocks. Because the market is manipulated by shills and brain dead shitcoin promoters. They will post their bullshit propaganda everywhere so they can dump their coins by creating a demand among those who are foolish enough to listen to them.

Most people should learn how to do TA if they are going for bitcoin day trading and analyse charts for a long term holding.

You have pinpointed the game of marketing of poor projects and the weakness of newbies in the trading market. Newbies highly get attracted towards offers of winning free cash or coins simply by signing in with small investments which ultimately lead to their bad time. They get scammed and lose their hard earned money. I am strong advocate of this point that does your own research and only listen to popular experts.
  Every trader shall do his or her homework before entering the world of crypto trading because there are so people who will mislead you in order to simply grab your money. Real traders will seldom give you any good advice, they are not always responding or even if you still need support you are supposed to pay some good amount. In short, I have same opinion as yours of carrying out successful trading.
sr. member
Activity: 952
Merit: 251
to start trading with minimum capital is not a problem but an understanding of bitcoin in the market you must know very well and try to find information and opinions both from the experienced, freedom in bitcoin or cryptocurrency do not you waste it without good results and if you want to start now is the right time to buy bitcoin and according to good news, bitcoin will reach fantastic prices for the next few months.
Getting opinions from others is wrong in cryptocurrency and to some extent in commodities and stocks. Because the market is manipulated by shills and brain dead shitcoin promoters. They will post their bullshit propaganda everywhere so they can dump their coins by creating a demand among those who are foolish enough to listen to them.

Most people should learn how to do TA if they are going for bitcoin day trading and analyse charts for a long term holding.

You have pinpointed the game of marketing of poor projects and the weakness of newbies in the trading market. Newbies highly get attracted towards offers of winning free cash or coins simply by signing in with small investments which ultimately lead to their bad time. They get scammed and lose their hard earned money. I am strong advocate of this point that does your own research and only listen to popular experts.
legendary
Activity: 2828
Merit: 1213
Call your grandparents and tell them you love them
to start trading with minimum capital is not a problem but an understanding of bitcoin in the market you must know very well and try to find information and opinions both from the experienced, freedom in bitcoin or cryptocurrency do not you waste it without good results and if you want to start now is the right time to buy bitcoin and according to good news, bitcoin will reach fantastic prices for the next few months.
Getting opinions from others is wrong in cryptocurrency and to some extent in commodities and stocks. Because the market is manipulated by shills and brain dead shitcoin promoters. They will post their bullshit propaganda everywhere so they can dump their coins by creating a demand among those who are foolish enough to listen to them.

Most people should learn how to do TA if they are going for bitcoin day trading and analyse charts for a long term holding.
sr. member
Activity: 2366
Merit: 448
You must learn it in a few days before you start, and after that you can make a decision so that what you do is not in vain.
to start trading with minimum capital is not a problem but an understanding of bitcoin in the market you must know very well and try to find information and opinions both from the experienced, freedom in bitcoin or cryptocurrency do not you waste it without good results and if you want to start now is the right time to buy bitcoin and according to good news, bitcoin will reach fantastic prices for the next few months.
sr. member
Activity: 1568
Merit: 333
That's the beauty of cryptocurrency to give freedom to every human being to make money. There are no burdensome rules in trading.
If we are only a small player who only has a small capital, of course we can immediately buy BTC to trade. Or we as big players with
big capital too. no problem we buy BTC in large quantities, because the greater the capital used for trading the greater the profit gained.
So anyone can buy BTC, and of course bitcoin is very good for trading. Very profitable, please start trading BTC whenever you want.
start trading bitcoin could did anytime we want and when we have money.even using small amount we could start it,moreover binance exchanges provide margin trading facilities.we could use this feature and our balance could rise and we open more transaction.day by day in cryptocurrency trading we get easinest,maybe next we will get lending facilities from exchanges .this is way crypto market looks so beautyfull for everyone.
sr. member
Activity: 1876
Merit: 318
That's the beauty of cryptocurrency to give freedom to every human being to make money. There are no burdensome rules in trading.
If we are only a small player who only has a small capital, of course we can immediately buy BTC to trade. Or we as big players with
big capital too. no problem we buy BTC in large quantities, because the greater the capital used for trading the greater the profit gained.
So anyone can buy BTC, and of course bitcoin is very good for trading. Very profitable, please start trading BTC whenever you want.
sr. member
Activity: 658
Merit: 256
Freshdice.com
Hello

I have spare $300 that my friend suggested to use to start cryptotrading, as this is the maximum amount of money affordable to lose. I have a month of free time to trade with btc. Currently I don't have income and I have three ways to set it: cryptotrading, freelancing as programmer, or full-time job. I chose to expirement and try luck with trading and freelancing, if there is no success with any for september, I will choose full-time job. If I can make about $500 per month with all of these methods or some of them, I can forget about job for a while, which is highly preferrable.

So my questions are:
  • Can I learn and do trading for month to make at least some money(around $100-$250), while doing freelance programming? I can arrange 3-5 hours for each activity per day.
  • Should I start trading on OTC exchange or regular exchange? I tried bisq to sell btc, but it seems like there you can do it with rather huge amounts of money I can't afford to make offer with. This is because of security deposit of 50% of trade amount. Maximum offer amount I can make is 150$ whereas there are more offers which range $100-$1000. They also seem more profitable for btc buyers due to less interest, than that I chose. After scrolling thorugh bitcointalk, my only options left for OTC are localbitcoins and paxful. And I don't really like any of these because of shitty customer support on both. Moreover LBC nowadays has attitude to KYC everyone, I don't like it because I would keep my personal information than send it to someone
Everyone has their freedom to start trading in bitcoin no matter how high or low their current investment is and no matter how knowledgeable they are in terms of bitcoin. Though that's the thing, you should be consisted on being less knowledgeable about crypto because you wouldn't see any improvements with your investments if that's the case. If you really want to come up on what most people have here, you should increase your investment and at the same time, the knowledge you have on bitcoin.
sr. member
Activity: 994
Merit: 257
in my opinion, you are too ambitious. when you are a beginner who wants to trade with crypto, and you already have a profit target every month, I think it will be difficult for you. I do not recommend for every beginner who is still in the stages of learning to put a large capital in crypto trading, moreover you only have a month to learn and trade. I think that time is too short. In my opinion, the best thing for you is to start trading with a small amount for profit without having a target to be obtained and maximize the time available to learn. if the target you want does not match what you expect, you will not regret it because you already have experience in trading. there are always risks in trading, so don't be overly ambitious in trading.
A beginner in trading is in a better position if he does not set goals for how much money he wants to make, and this is because if you do then you will be pressured to try to get those profits and will begin to make trades you do not want to do just because you want profits and that is a sure way to lose your money, if anything the goal of a beginner trader should be to not lose money or at least to not lose as much money during his first months in the profession.
I think, it is important to set some goal before starting trading because without having a destination, you cannot figure the path or you can say that, the steps taken will have no direction. A person struggles for his dreams and goals. Having none will not stir spirit inside him. First a potential coin like bitcoin should be chosen and then a goal needs to be set for progressing.
A goal is needed but not when it comes to the amount of money you want to make as a beginner trader, your goal should be to learn about the markets and if that means losing some money so be it, take that as a small price to pay for all the profits you will get in the future, but if you want to obtain profits right away then you will take important decisions based on your skills as a trader which at that point are not really that good and the chances of making an irreparable mistake are simply too high.
hero member
Activity: 924
Merit: 505
I think sir yes its worth  it because bitcoin is good to start for trading to the new comers. Bitcoin can good also to hold it for a long time.
Start at bitcoin if you have a good capital buy bitcoin now because i know bitcoin will go up soon.
hero member
Activity: 1386
Merit: 503
I think become a trader and programmer is really different way. You won't get experts on one of them if you doing both.
Traders is have to learn the technical analysis and also always have to read the news about crypto everytime because crypto price is oftenly affected by the news.
And if you want to be a programmer you have to learn many new technology or programming language everytime.
So i think you have to focus at one speciality.
But out there, seriously there really are people who can do these 2 speciality at once and become experts in both. Maybe rarely find people who really can, but in fact there really is. How if he could have used his programming knowledge in a different way and made a profit in the analysis when trading. we would not know that, anything could happen.
Use this situation to get a lot profit, i see btc price there is still up and down movement between 9100-9300, enough to get profit if you have a lot of capital. (or someone who want to trade) .
sr. member
Activity: 938
Merit: 256
I think become a trader and programmer is really different way. You won't get experts on one of them if you doing both.
Traders is have to learn the technical analysis and also always have to read the news about crypto everytime because crypto price is oftenly affected by the news.
And if you want to be a programmer you have to learn many new technology or programming language everytime.
So i think you have to focus at one speciality.
hero member
Activity: 1190
Merit: 511
if you have that much capital then I think you need to have very high patience to be able to benefit because the price of bitcoin which is currently too expensive makes bitcoin difficult to increase prices.
It is never difficult for bitcoin to increase in values and right now if you check the graphs, bitcoin is showing green signals for upcoming splendid pump. If this guy has decent amount of money, he shall not waste even a second and get hands on bitcoin because in the beginning of next year, it would be really hard for people to purchase bitcoin as it is right now on its track to moon.

Yes, and I am reading some expert advise regarding Bitcoin and they are all positive on it and they were saying that the price of it is possible to skyrocket this upcoming halving, so, let's see how the price will bring us in the coming months, so better to accumulate now while it is still at cheap price.
sr. member
Activity: 994
Merit: 256
if you have that much capital then I think you need to have very high patience to be able to benefit because the price of bitcoin which is currently too expensive makes bitcoin difficult to increase prices.
It is never difficult for bitcoin to increase in values and right now if you check the graphs, bitcoin is showing green signals for upcoming splendid pump. If this guy has decent amount of money, he shall not waste even a second and get hands on bitcoin because in the beginning of next year, it would be really hard for people to purchase bitcoin as it is right now on its track to moon.
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