If you are doing some freelancing and trading you should know how to manage your time. Freelancing is something target oriented and often your clients will have strict deadlines, which you have to follow religiously. Trading however is also going to need some effort from your side to learn the basics and to analyze markets for a few years at least, followed by dummy trading on any exchange that allows you to deposit with local currency.
You wont make money immediately from trading, on the contrary, you may just lose more at the initial phase because you are learning.
Topic: Is it worth for me in my situation to start btc trading? - page 8. (Read 1421 times)
I`m a beginner too. I started with mid and long term trading. For us beginners regular trading is easier to understand, you just need to learn how to set up buy/sell
orders and wait patiently for them to get executed.
What you need to know is when to buy and when to sell. When price is going down I`m buying little amounts, when price start rising I sell for some minimal profit.
I am satisfied with couple percents, maximum 5. I don`t trade with Bitcoin, I trade with some tokens I don`t care even if I lose. And it`s easier for me to follow prices
in satoshis.
orders and wait patiently for them to get executed.
What you need to know is when to buy and when to sell. When price is going down I`m buying little amounts, when price start rising I sell for some minimal profit.
I am satisfied with couple percents, maximum 5. I don`t trade with Bitcoin, I trade with some tokens I don`t care even if I lose. And it`s easier for me to follow prices
in satoshis.
You can learn crypto trading even while doing a full time job so just go for $500 salary job and then invest $300 into trading like buy bitcoin and trade it against the shit coins to get more profits,or you can also try with stable pair which might looks profitable but highly risky as well.
Having a full time job and being a trader is not an easy task, OP must also understand this. If you can’t trade while working then you can use BOT in trading but of course, you should still know when to buy and sell. Start the trading at your own risk, always be ready to accept losses and other consequences. hero member
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- Can I learn and do trading for month to make at least some money(around $100-$250), while doing freelance programming? I can arrange 3-5 hours for each activity per day.
Yes, you can learn to trade for a month and make money, but how much you can earn, it depends on how hard you try and how good you know the lesson.
- Should I start trading on OTC exchange or regular exchange? I tried bisq to sell btc, but it seems like there you can do it with rather huge amounts of money I can't afford to make offer with. This is because of security deposit of 50% of trade amount. Maximum offer amount I can make is 150$ 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
I suggest starting trading on regular exchange while you can practice your learning. I don't know about bisq because I don't trade in that site, but maybe I will visit on that site to see if they are good or not.
It is hard to earn $500 per month, and especially we still see the market is unpredictable like today. The important here is you need to keep trying to make as much money you can from trading.
Maybe you can try to get a job with an income in monthly so you can use some of the revenue to buy bitcoin and save it as an investment, so you can get double way to make money. You can choose freelance as a programmer, and still trading, while you can also get a real job in real life. That will be three-way that will give you more money if you can hard work.
From both of your questions, I can only say that you need to try it. based on theory, of course you can make $ 100- $ 240 per month, or even more depending on how you trade. many people out there are earning more. but, some people out there are also unlucky in trading.
I suggest having a job, and in your free time, you can try that, and make your own conclusions. but, because you say you have 1 month of free time, you can try it right now. you need to know, that in trading, knowledge is everything.
I suggest having a job, and in your free time, you can try that, and make your own conclusions. but, because you say you have 1 month of free time, you can try it right now. you need to know, that in trading, knowledge is everything.
You can learn crypto trading even while doing a full time job so just go for $500 salary job and then invest $300 into trading like buy bitcoin and trade it against the shit coins to get more profits,or you can also try with stable pair which might looks profitable but highly risky as well.
Having a full time job and being a trader is not an easy task, OP must also understand this. If you can’t trade while working then you can use BOT in trading but of course, you should still know when to buy and sell. Start the trading at your own risk, always be ready to accept losses and other consequences. 
The basic thing we have to do and must is to prepare our self and thinking positive towards our plan. Not necessarily we have to start a big amount and to earn big, it is better to start in small cause we certainly are knowing if we could sustain the challenge and risk in the coming days. Cause anytime we can gradually increase our capital if we see it profitable and if we consider this as a long-term investment. Cause most traders start with big capitals, fails.
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:
You can do a combination of these activities. I have seen people do it and you can try it as well. Since you are keen with programming as a freelancer here is what you can do.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
Do some freelance projects in crypto and ask for payment in bitcoin. It is hard to find such projects but once you get it you are good to go.
You will improve your skills and at the same time get paid for it in bitcoin. Invest the amount you receive into trading and earn more profit.
Don't invest everything you earn. Save a percent of your income in bitcoin and invest the rest and earn and experiment with it.
This is a good advice and strategy but it might take a while when he finds the project and get paid. Maybe he could also try with some selling stuff for Bitcoin and the payment invest further. It's not big amount but it's good to start and to get some knowledge and experiences. Also if he doesn't make a profit he will not be so disappointed.
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.
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:
You can do a combination of these activities. I have seen people do it and you can try it as well. Since you are keen with programming as a freelancer here is what you can do.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
Do some freelance projects in crypto and ask for payment in bitcoin. It is hard to find such projects but once you get it you are good to go.
You will improve your skills and at the same time get paid for it in bitcoin. Invest the amount you receive into trading and earn more profit.
Don't invest everything you earn. Save a percent of your income in bitcoin and invest the rest and earn and experiment with it.
This is a good advice and strategy but it might take a while when he finds the project and get paid. Maybe he could also try with some selling stuff for Bitcoin and the payment invest further. It's not big amount but it's good to start and to get some knowledge and experiences. Also if he doesn't make a profit he will not be so disappointed.
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:
You can do a combination of these activities. I have seen people do it and you can try it as well. Since you are keen with programming as a freelancer here is what you can do.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
Do some freelance projects in crypto and ask for payment in bitcoin. It is hard to find such projects but once you get it you are good to go.
You will improve your skills and at the same time get paid for it in bitcoin. Invest the amount you receive into trading and earn more profit.
Don't invest everything you earn. Save a percent of your income in bitcoin and invest the rest and earn and experiment with it.
You can learn crypto trading even while doing a full time job so just go for $500 salary job and then invest $300 into trading like buy bitcoin and trade it against the shit coins to get more profits,or you can also try with stable pair which might looks profitable but highly risky as well.
Beginning traders shouldn't come into this with profit expectations at all. In fact, you might need to lose your $300 bankroll a couple times before you really get the hang of it. Not only do you need to have a knack for trading (not a given), you also need time to develop your skills and a profitable trading system. This won't happen overnight.
Without leverage, it would be tough....at least with Bitcoin's current low volatility. With leverage, he'd probably blow up his account and walk away with nothing. So yes, I wouldn't plan on making $100 to $250 per month just yet.
I will be very realistic with you, you can learn how to trade, but don't expect that you will trade with $300 and you will make a profit of $100 to $250 per month . It may be 30 days, and you only have a profit of $30 or even no profit at all.
Without leverage, it would be tough....at least with Bitcoin's current low volatility. With leverage, he'd probably blow up his account and walk away with nothing. So yes, I wouldn't plan on making $100 to $250 per month just yet.
I think with $300 i will prefer on Bitcoin-altcoin trading, beside we can use small capital on it, usually exchanges that allow trade between bitcoin and altcoin not really strict and maybe KYC will only to increase limit withdrawal. And in altcoin trading, you can see movement price that you can put what is fit with your style.
I believed trading with altcoins is even more risky than btc trading. Bitcoin is quite established in market and its price is less volatile as I think. Most of altcoins are new and nobody knows, or give convincing reasons, what their price will be. It is more like total lottery for me, with btc I am sure its price won't fall to nothing, I can't tell the same about altcoin. How much is trading with altcoins similar to btc trading?
Btw what is difference for me to trade on OTC exchange and regular exchange? I can set price + my interest rate on any platform, and it looks like I can trade offers with small btc amount on OTC.
Since some of you trade or traded with crypto, how much time did it take for you to earn money when you realized learning trading was worth it? That is, when did trading start to generate somewhat serious income? Note this is not about stable income
If you only have one month, I'd advise you only play with smaller amount to see how it goes.
Or buy 300$ worth of Bitcoin, hold some and trade with some.
Since you have no experience, it can be closer to gambling (!) what you'll do at start, so you will have gains and loses too and you may need to have at hand some extra funds to "replenish".
Also history has shown that holding is not a bad strategy if you have the patience for it.
Or buy 300$ worth of Bitcoin, hold some and trade with some.
Since you have no experience, it can be closer to gambling (!) what you'll do at start, so you will have gains and loses too and you may need to have at hand some extra funds to "replenish".
Also history has shown that holding is not a bad strategy if you have the patience for it.
Start/ setting up your own business is always risky ... that's what always happened in a business world .. if you looking for a safe one then you should go for a full time job that gives you a steady flat income. At this point you should know the risk to become a full time freelancer & trader.
I personally have a principle like this 'i don't work for other people, i work for myself' so here i am building my own startup. You might won't get a steady $100 , $300 or $1,000 income ... but you'll never know someday you might get thousands dollar weekly !
That's a business life, it's okay for you to failed 100 times and having a huge loss! you just need to be successful once and you'll eliminated your previous 100 times fails & losses.
But once again , you should know the risk and willing to take that risk, otherwise you have to be realistic and living a normal life like everyone else. Cheers!
I personally have a principle like this 'i don't work for other people, i work for myself' so here i am building my own startup. You might won't get a steady $100 , $300 or $1,000 income ... but you'll never know someday you might get thousands dollar weekly !
That's a business life, it's okay for you to failed 100 times and having a huge loss! you just need to be successful once and you'll eliminated your previous 100 times fails & losses.
But once again , you should know the risk and willing to take that risk, otherwise you have to be realistic and living a normal life like everyone else. Cheers!
I think you should only focus on one job if you want to be rich in the future. In the crypto market, you will hear someone making hundreds of thousands of dollars in just a few days. but you don't know that behind the truth, there are thousands of people who lose money, even lose everything because of the small loophole.
Here, there are many big risks that you need to be aware of.
Please determine whether you are ready to face the pressures yet, you have prepared sufficient knowledge yet.
If you were good at the above questions, I wish you luck
Here, there are many big risks that you need to be aware of.
Please determine whether you are ready to face the pressures yet, you have prepared sufficient knowledge yet.
If you were good at the above questions, I wish you luck
It is enough but don't expect too much.
Bitcoin is volatile, and I am telling you, it is hard to cope with it. Minutes after you invest, there might be a decrease so it is better if you just hold it for some time. Be patient since you are dealing with the most volatile cryptocurrency in the market.
Bitcoin is volatile, and I am telling you, it is hard to cope with it. Minutes after you invest, there might be a decrease so it is better if you just hold it for some time. Be patient since you are dealing with the most volatile cryptocurrency in the market.
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.
I will be very realistic with you, you can learn how to trade, but don't expect that you will trade with $300 and you will make a profit of $100 to $250 per month . It may be 30 days, and you only have a profit of $30 or even no profit at all.
look at the current price for example:
The price is at $9500, so you buy thinking that the price is too low and tomorrow the price drops to $ 8500. you will have to wait for the price to rise again to sell.
I advise you to buy and Hold for 1 year or more years
SELLING MY PATEK PHILLIPE NAUTILUS 5726 white dial, box and papers.Accept any cryptos.Good investment.
I think with $300 i will prefer on Bitcoin-altcoin trading, beside we can use small capital on it, usually exchanges that allow trade between bitcoin and altcoin not really strict and maybe KYC will only to increase limit withdrawal. And in altcoin trading, you can see movement price that you can put what is fit with your style. Like to day trading or maybe long term investment. That is at least what i will do with my $300 free money. And if lose, i will pick on full time job. Wouldn't dare to left my job and focus on trading only because we can't know when trading will on bad condition.
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