Topic: Is it worth for me in my situation to start btc trading? - page 7. (Read 1421 times)
It seems to me that you have chosen a slightly aggressive path. You can start at $ 300, of course, but you have to be careful. What can you say about choosing the exchange where to trade? I use Witebit, for now.
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.
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.
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:
Bitcoin can be the top option if the question is how to get rich in investing? It really can give you life changing profits.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
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 including me
. Be sure to learn it all and be patient. This is the advantage of BTC, even in any situation you can try to start trading. when viewed today we can try to do many things with bitcoin because bitcoin will be easier to increase and is very suitable for trading
But you will need to have skills to determine the right price to buy because if you miss the right price, and then I don't think that you can make a profit in a short time. I see that many people are waiting for bitcoin price increase higher so they can sell the bitcoin and wait for another down of the price. That will be difficult if you cannot analyze with the right because that will make you confuse to place the order buy.
I admitted that it is not easy to buy bitcoin in the price we want because we need to check in every hour to find the price so we can place the order. Or you can place the price you want in some level of the price so when the price down, your order will automatically be filled by itself. But yes, this time we have a good time to buy more bitcoin if we want but don't forget to analyze first.
You will get the moment to buy bitcoin, but that is not good if you can not get bitcoin at a low price because that will make you wait for more. So patience will be the key to get the right aprice at the market.
$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.
$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.
Bitcoin is so volatile mate and it's worth it to trade , especially if you want to gain quick profits on it. But i suggest to obtain some knowledge first how trading works. Because you know there's a lot of ppl making mistakes and regrets afterwards because of being lack of information about it. So you better educate your self first for the sake of your money.
If you are comfortable with the amount you mentioned then it is right, you can start with that amount, before trading you need to check their potential activity about the coin because you cannot invest in high-value coins, which might give you lower profits.
What exactly do mean mean by "high value" coin? Value as per price or demand? If you talk about price then bitcoin is the biggest one here and on the contrary it should be the first coin that they should put their money in. Because bitcoin is what the community has supported for so long risks are considerably lower when buying it compared to any altcoin, but that too should be done at a proper price.Lower profits may be true, but for a new trader the safer options are the go-to options than any risky altcoin which pumps and dumps every day. Eventually they will also know those coins.
I know anyone could do it with the right amount of information that will registered in his brain.
You have a good background already with computers and I bet this will just be an easy walk to you.
Why not go full time then have a little spare time for reading about it.
No need to rush for now.
I know you might be a little excited by now but do not let it go to your head.
Trust me, I already saw it.
Calm down, do work for a day job. Save money and use it to make more.
That $300 should be used now for your budget while working and making more money.
You have a good background already with computers and I bet this will just be an easy walk to you.
Why not go full time then have a little spare time for reading about it.
No need to rush for now.
I know you might be a little excited by now but do not let it go to your head.
Trust me, I already saw it.
Calm down, do work for a day job. Save money and use it to make more.
That $300 should be used now for your budget while working and making more money.
If you are comfortable with the amount you mentioned then it is right, you can start with that amount, before trading you need to check their potential activity about the coin because you cannot invest in high-value coins, which might give you lower profits.
$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.
You have made a good decision to start trading because that is the easiest way for you to make a monthly income without having to work for another man, it is at the comfort of your home but it is quite a tedious thing, trading is not really easy, you have to be very careful that you trade with caution so that you dint lose your money, and to trade with caution, you have to ensure that you have got all the strategies that you need that will make you trade like a pro trader because you are not someone who has so much money to lose, so you have to guard your money jealously, there is no time to waste and there is no money to waste.
Please do not go into trading without making sure that you completely know how to make technical and fundamental analysis of trades.
Please do not go into trading without making sure that you completely know how to make technical and fundamental analysis of trades.
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:
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
You should learn crypto trading but avoid starting it right now. If you want to buy and sell, bitcoins that is ok but if you want to buy altcoins then this is not the right time for trading. Altcoin market is almost dead right now.
While learning, you can start freelancing and wait for the right time when you can actually start cypto trading.
I chose to expirement and try luck with trading and freelancing.
You already choose what you want to do, so I suggest you try those and don't forget to learn about trading itself so you will be able to make a profit in a month.
- 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.
You can learn and do the trading for a month to make money, but that is not as easy as you thought because you need to learn first before you can make a profit. But every people could learn trading if they want. Just learn the basic of the trading, which is to buy low, sell high, and you will be fine. But if you want more, then you need to learn deeper of the trading, especially to learn about the analysis on trading.
- Should I start trading on OTC exchange or regular exchange?
I suggest you choose a regular exchange like what other people did. You can try with binance, poloniex, kucoin, bittrex or else, and you can select the exchange which has KYC or not.
And remember that you should manage your money in trading and always take any profit as you can before it's too late.
If you are doing trading, it’s always a great situation for you. But if you are directly holding things, it will just not work right. So this is where you need to be extremely choosy with your way. I do Crypto Trading, and that’s why I am able to make money without any worry of the situation. And I personally will suggest that only to others as well. It’s kind of approach which is almost certain to help you with getting worthy results.
We cant still say that he wont able to seek up jobs for too long.This will depend on how he do apply for a job online as a freelancer
and depending on the skills and portfolio he do have.
Actually its quite a bright idea to earn up btc payment out of your works and then use those funds to make some side trades apart from your job
but also come to think that this will require some strict time management because trading cant really be rushed up if you do really like to learn and make
profits with it.
That's the reason why I advised him not to invest all of his money into trading but keep a certain portion aside for trading and then gradually increase the amount when he gains confidence.
Getting rich quickly should not be the goal, the goal should be to learn because that's what is gonna make you rich.
That's not a problem if we're equipped with skills and determinations to face challenges with trading. If you think you're worth enough with trading bitcoin and you're capable financially, then do what's best and fit for your mindset. Always think of very crucial matter which possible to arise in the future on how to handle it.
If a person knows has a friend that knows well how to trade, he can ask him to help him. I am not sure that it is possible for you to learn everything about this business if you do it on your own. With a good support, you can learn a bit about trading, but you will hardly deal with it.
However, it is worth starting, as you can really get a good source of income and forget about the main job.
However, it is worth starting, as you can really get a good source of income and forget about the main job.
Very feasible, but it's a bit difficult for you if you have to start trading from scratch, especially within a month because trading requires a lot experience. But you can try that and add to your trading experience every day and of course in a month you cannot become a pro trader, at least you know basics in trading.
And keep in mind, that to get profit in trading a little difficult, even pro traders are not always able to maintain their profits in trading.
And keep in mind, that to get profit in trading a little difficult, even pro traders are not always able to maintain their profits in trading.
You can not become a good trader without learning or practicing how to trade. I would suggest youtube or ebook trading tutorials.
Trading is quite risky and not a good source of regular income especially for the newbie. And if you can afford to lose that much then fine!
I would choose regular exchange than OTC. There are always lots fair opportunities on regular exchange. Besides, regular exchange has stablecoins for those who want to avoid too much volatility.
Trading is quite risky and not a good source of regular income especially for the newbie. And if you can afford to lose that much then fine!
I would choose regular exchange than OTC. There are always lots fair opportunities on regular exchange. Besides, regular exchange has stablecoins for those who want to avoid too much volatility.
Jump to: