Is it worth for me in my situation to start btc trading? - page 6.

Meowth05

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Quote from: jrrsparkles on October 01, 2019, 01:17:23 AM

Quote from: Abdul amir on September 30, 2019, 08:03:53 AM

Quote from: 1R1S on August 29, 2019, 01:38:23 PM

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.

This span you have chosen is very small to see whether he can succeed or not because Trading needs time and attention you need to read learn and analyse and keep reading markets.

Quote from: 1R1S on August 29, 2019, 01:38:23 PM

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

This is very hard to predict as it completely depends on your skills and efforts.

So he was supposed to make profits in short term alone,not sure he did that or not but the time frame he said was ended.

Myself it is surely possible to make profits in short term but learning complete crypto trading may not be possible.

We have to be careful with fundamental of trading to make money and we can keep learning the strategies and try it will less capital from the total capital we got for trading.

Excatly, it is possible to earn trading in a short time however the problem is that you must learn first the fundamentals and get some experience. If you just enter the industry without knowing nothing then I'd say that all of your capital will be in vain. By looking for the given time frame I think it you are still in the learning stage so it would be impossible for you to earn that quickly.

shoreno

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Quote from: Ridwan Fauzi on October 01, 2019, 12:47:38 AM

For me being a trader is not about buy low and sell high, but you have to know when the good time to make a decision either buy and sell

i think both of them are still the same . knowing when the time is good to make decision is the same as knowing when to buy and sell . trading is really about buying low and selling high ( e.g you enter at a dip market and you buy the coins at a low price and then you hodl them and sell them when they are pumping ) other than that , i dont think of any reasons on why we enter trading . it does not make sense at all if you are doing the other way .

@op , dont be afraid to follow or to listen on your self because there is a good chance that you can do better on trading more than anything else . gl

jrrsparkles

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Quote from: Abdul amir on September 30, 2019, 08:03:53 AM

Quote from: 1R1S on August 29, 2019, 01:38:23 PM

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.

This span you have chosen is very small to see whether he can succeed or not because Trading needs time and attention you need to read learn and analyse and keep reading markets.

Quote from: 1R1S on August 29, 2019, 01:38:23 PM

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

This is very hard to predict as it completely depends on your skills and efforts.

So he was supposed to make profits in short term alone,not sure he did that or not but the time frame he said was ended.

Myself it is surely possible to make profits in short term but learning complete crypto trading may not be possible.

We have to be careful with fundamental of trading to make money and we can keep learning the strategies and try it will less capital from the total capital we got for trading.

Ridwan Fauzi

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Quote from: UsernameBitcoin on September 30, 2019, 06:34:43 PM

Bitcoin trading is a risky proposition. Well you will likely profit most of the time, sometimes you will buy high but the market will not come back down and you will lost everything. well you won't lose everything, but you will have to re-buy into the market and you will lose some money, and it won't be good. so you should think carefully about if the risk is worth the reward for you.

Yeah it is risky when you don't have any knowledge to do it. For me being a trader is not about buy low and sell high, but you have to know when the good time to make a decision either buy and sell. And these thing need an analyst. You will include a fool person when you start it without know how analyst is and how to trade well.

But it will be different if you know the knowledge to trade for example you have known how to make an analyst with any market situation. I believe that is the important thin beside you have a capital to spend for trading. Yeah and I will bet when you have known it you will know the trully risk that will be faced and you will manage it in a simple way.

UsernameBitcoin

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Bitcoin trading is a risky proposition. Well you will likely profit most of the time, sometimes you will buy high but the market will not come back down and you will lost everything. well you won't lose everything, but you will have to re-buy into the market and you will lose some money, and it won't be good. so you should think carefully about if the risk is worth the reward for you.

Spaffin

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Quote from: teosanru on September 30, 2019, 11:55:56 AM

Quote from: 1R1S on August 29, 2019, 01:38:23 PM

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

Trading is the most difficult job in this world. But once you learn it nothing can match the comfort with which it can earn you money. My advice to you is focus on one thing. If you will go into programming you won't be able to focus properly on trading. It's a full time job and in starting 4-5 months you might have to spend over 9 hours a day studying and back testing charts. Now, let me tell you what you can do. For the first month learn trading for 5 hours and do your programming. If you find trading interesting then go full time for the second month. Learn more TA and create your setup. Then go to some good exchange like Binance or Bitmex which could give you a fancy leverage on that 300$ mark. Start with only back testing your setup multiple times and trading with a small 50$ account for first 2 months to test your strategies. Create a trade log to note the takeaway and results of each trade. After 100 trades with that $50(if somehow it still survives) find out probability of winning. If its over 70% your strategy is best transfer 300$ and start trading your strategy with good risk management strategy. This is my personal advice which I don't think anyone would tell you.

I would like to find somewhere more detailed information so that a person who generally does not have any knowledge about trading on the cryptocurrency market, but has a certain starting capital, can understand how to take the first steps in trading and how to continue. I’m constantly looking for information on YouTube, because visually it is much easier to understand in order to start gaining experience. But to a greater extent, I see a video where the authors conduct trainings with such a degree of confidence, as if this information is being watched by People who already have certain knowledge, but want to improve their trading results.

teosanru

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Quote from: 1R1S on August 29, 2019, 01:38:23 PM

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

Trading is the most difficult job in this world. But once you learn it nothing can match the comfort with which it can earn you money. My advice to you is focus on one thing. If you will go into programming you won't be able to focus properly on trading. It's a full time job and in starting 4-5 months you might have to spend over 9 hours a day studying and back testing charts. Now, let me tell you what you can do. For the first month learn trading for 5 hours and do your programming. If you find trading interesting then go full time for the second month. Learn more TA and create your setup. Then go to some good exchange like Binance or Bitmex which could give you a fancy leverage on that 300$ mark. Start with only back testing your setup multiple times and trading with a small 50$ account for first 2 months to test your strategies. Create a trade log to note the takeaway and results of each trade. After 100 trades with that $50(if somehow it still survives) find out probability of winning. If its over 70% your strategy is best transfer 300$ and start trading your strategy with good risk management strategy. This is my personal advice which I don't think anyone would tell you.

Abdul amir

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Quote from: 1R1S on August 29, 2019, 01:38:23 PM

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.

This span you have chosen is very small to see whether he can succeed or not because Trading needs time and attention you need to read learn and analyse and keep reading markets.

Quote from: 1R1S on August 29, 2019, 01:38:23 PM

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

This is very hard to predict as it completely depends on your skills and efforts.

voltesbit777

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Quote from: 1R1S on August 29, 2019, 01:38:23 PM

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

The $ 300 value is a great start to the world of crypto or bitcoin trading. One of the great referrals to your choice of exchange is Binance, Coinbene, Houbi, okex or Kucoin. I didn't seem to be familiar with the exchange you mentioned so I gave another exchange knowing that I'm sure I wouldn't be disappointed in you also you can learn a lot of things here.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: crzy on September 19, 2019, 06:57:46 PM

For now its better to have a full time job because bitcoin trading can't guarantee you that you will take home some profit and of course that profit will also be use for another trade and it can still lose after all. Have a good plan with your financial status, if you think trading can't support your living then better not to focus on trading and do it as your part time job.

OP was talking about being a freelance programmer. So that would be a full time job for them if they get some good contracts. But the freelance market is not something to be depended on completely for day earning so I would suggest the OP to develop some skills and get a permanent full time job.

Trading is best left as part time hobby, you wont become a millionaire by trading if you are not going to do full time and that also is not a guarantee. You may be able to get a good return with each buy and sell but thats all. Dont expect ot put in huge capitals here because its not for everyone.

pieppiep

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Quote from: crzy on September 19, 2019, 06:57:46 PM

Quote from: ?? on ??

You should change your mind now because in Bitcoin trading you cannot increase your assets too fast. The risks of bitcoin are also high, and you will probably lose instead of having short-term profits. I think you should leave and look for a full-time job for yourself because it's right for you.

For now its better to have a full time job because bitcoin trading can't guarantee you that you will take home some profit and of course that profit will also be use for another trade and it can still lose after all. Have a good plan with your financial status, if you think trading can't support your living then better not to focus on trading and do it as your part time job.

I think the same as you because, with a full time job, he can get paid for what he did. He can use some money from his payment to invest in bitcoin or altcoin, he can use the other money to fill his daily needs, and if there is more money left, he can save that money in the bank. That will help him to live better, and he can get more money from his trading.

He can use trading for his living, but he needs to have skills which not all of the trader can have. Besides that, he needs to learn harder than the other traders to improve his skills so he can always make a profit, although it is still tricky. It is better to have two sources of income so he can get more money from that income.

He should know how to manage the risk so he can prevent from the big losses that he might get in trading and he still has money to buy his daily needs monthly.

crzy

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Quote from: ?? on ??

You should change your mind now because in Bitcoin trading you cannot increase your assets too fast. The risks of bitcoin are also high, and you will probably lose instead of having short-term profits. I think you should leave and look for a full-time job for yourself because it's right for you.

For now its better to have a full time job because bitcoin trading can't guarantee you that you will take home some profit and of course that profit will also be use for another trade and it can still lose after all. Have a good plan with your financial status, if you think trading can't support your living then better not to focus on trading and do it as your part time job.

rodel caling

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300$ is huge amount to start in trading but if are ready yo take high risk to make also huge profits depends on your decision because we know trading is also have difficulty, make sure before you start trading you had an full strategy and know how about trading to avoid loses.
I suggest continue to work in the office and you can work both the manage your time to work both job. Good luck for new career hope for your success.

Mahanton

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Quote from: michellee on September 14, 2019, 01:10:01 AM

Quote from: nur rochid on September 11, 2019, 01:36:03 AM

Quote from: illnino on September 11, 2019, 12:48:10 AM

Quote from: michellee on September 04, 2019, 08:37:09 PM

$300 is enough as a start to trading, but you need to learn to trade as soon as you want to start trading because that will be your chance to make a profit day by day. You can learn from many sources, or you can find more lesson from here so you can start to learn and practice the lesson. But that will not be easy to learn to trade because you need to spend more time to understand the lesson. I am sure that you can know how to trade with good and I think you will get more experience by learning more about trading.

Yes, it is possible to start at 300 USD. However, to trade cryptocurrency on the exchange, you need to prepare for the process, and have the following list of knowledge:
- Learn to work with cryptocurrency charts;
- Use daily trading volume data in market analysis.
Having learned the size of the daily trading in relation to a particular cryptocurrency over the past week, you can find out how much interest other users have in it.

Especially when the situation is bearish like now, I think with the capital they have, they can buy more coins, so they have the chance to get a lot of profits, bigger. but indeed to start trading the main capital is knowledge, so it does not fall into the coins that dump after buying

If I were him and I have $300, I will buy bitcoin first, then eth, bnb, atom, grin, and some other low coins price. I think that is enough to get some amount of each coin and I can wait for another time. I don't just hold each coin, but I will sell the coin if somehow the coin can increase higher at least 10% from the price before so I will have the opportunity to buy back the coin in a low price. The bearish market now gives a chance to us to buy as many coins as we can, and that will depend on the money we have.

For the amount of $300 its somewhat hard to diversify into various number of alts in the market.I would rather focus directly or all put up into bitcoin or ETH with this case even just simply holding up you can earn various percentage profits depending on your entry point.Yes there were lots of coins in the market it will depend on the money we would able to risk out.We can start up trading if we do like but it is much wiser if we do trade up with small amounts and dont ever use up on to those capitals or money that you had been borrowed or simply your savings.

nydiacaskey01

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Quote from: 1R1S on August 29, 2019, 01:38:23 PM

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.

If you are a total newbie with zero knowledge in crypto trading and you only have $300 to use as your capital, earning $100 to $250 is a long shot in a month considering your experience in trading. You might even end up losing all of them if you picked the wrong coin. I am not trying to discourage you in trying to trade but you will need more time to learn about it and a lot of wrong decisions before you can earn good money in crypto trading. Good luck!

Shutup

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In my situation also its good to trade for at least there's an income in every trade. Because I really need to earn eveday for my kids. Im a single mom so l have to look for a job that will give me income. And l found out here theres a lot of site to have a profit in every trade.

bitcoinst

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Everything will depend on your deposit and on what type of trade you will be engaged in. The market is unpredictable now, I would advise you to exercise maximum caution,
and choose clear strategies in case you decide to trade. See market analytics in recent months. A lot of manipulations, stops are constantly knocked out, it is extremely difficult to trade.

michellee

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Quote from: nur rochid on September 11, 2019, 01:36:03 AM

Quote from: illnino on September 11, 2019, 12:48:10 AM

Quote from: michellee on September 04, 2019, 08:37:09 PM

$300 is enough as a start to trading, but you need to learn to trade as soon as you want to start trading because that will be your chance to make a profit day by day. You can learn from many sources, or you can find more lesson from here so you can start to learn and practice the lesson. But that will not be easy to learn to trade because you need to spend more time to understand the lesson. I am sure that you can know how to trade with good and I think you will get more experience by learning more about trading.

Yes, it is possible to start at 300 USD. However, to trade cryptocurrency on the exchange, you need to prepare for the process, and have the following list of knowledge:
- Learn to work with cryptocurrency charts;
- Use daily trading volume data in market analysis.
Having learned the size of the daily trading in relation to a particular cryptocurrency over the past week, you can find out how much interest other users have in it.

Especially when the situation is bearish like now, I think with the capital they have, they can buy more coins, so they have the chance to get a lot of profits, bigger. but indeed to start trading the main capital is knowledge, so it does not fall into the coins that dump after buying

If I were him and I have $300, I will buy bitcoin first, then eth, bnb, atom, grin, and some other low coins price. I think that is enough to get some amount of each coin and I can wait for another time. I don't just hold each coin, but I will sell the coin if somehow the coin can increase higher at least 10% from the price before so I will have the opportunity to buy back the coin in a low price. The bearish market now gives a chance to us to buy as many coins as we can, and that will depend on the money we have.

PuertoLibre

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Quote from: Yamifoud on September 11, 2019, 07:00:48 AM

Quote from: virasisog on September 11, 2019, 06:14:33 AM

Quote from: 1R1S on August 29, 2019, 01:38:23 PM

snipped...

Bitcoin can be the top option if the question is how to get rich in investing? It really can give you life changing profits.
this is not a negative post but just a warning bitcoin trading is not easy as it seems,
there are lots of good traders out there that still cry over their trades. Be sure to learn it all and be patient.

Everyone who come into trading wants to earn and earn but not all of them want to suffer difficulties as well as losses. The fact that we are one of them, we are also the one among crying traders who never accept losses.

It is not that we started great and profitable or we achieve our goal in a time frame given but the most important is we know our capabilities and we are strong enough to face any difficulties without thinking of quitting.

The traders think that quitting is the backdoor for exit are the weaker hands shaken out throughout the bear market. The timeframe must be large for checking the profitability of the trading strategy, on another hand, other essential features like money management, trading skills, price action understanding have to make a hand stronger. Trading the volatile markets is not job of the stock traders, they like to trade the stabile or steady growth markets. Trading the BTC is like trading the penny stocks which are the volatile stock assets in the global financial markets.

sana54210

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Quote from: ?? on ??

Trading bitcoin can be risky but easy at same time for a newbie because of the volatility. The volatility is good because it doesn't take time to get the profit for you but when it is down against you, you begin to wonder what went wrong, we need good training, skills and patients to be able to get it right most times.

Even when the trade is down against the trader which mistakes are bound to happen sometime, it is not a bad situation because the situation will always be amended back once bitcoin rebounds, except maybe the newbie or whoever the trader is trading on leverage, that is the one that me I cannot talk much about because leveraging with trade in this volatile market is risky, but if we don't leverage, the opportunity that has been presented before us through volatility would always favor the trader.

Trading is really worth it, because it is the easiest thing you can do, and all we just need is the right education for you as you said, and the best strategy without mixing of greed which is one of the trade killer.

Topic: Is it worth for me in my situation to start btc trading? - page 6. (Read 1421 times)