Is there anyone here consistently trading cryptos successfully?

Rembedful

jr. member

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Quote from: wayaneka on October 03, 2018, 10:38:29 PM

its difficult to make monthly profit in consistent from crypto trading because price action of crypto followed Bitcoin, when Bitcoin going up or down so altcoin also will follow it, in up trend we can make profit but in down trend is very difficult to earn some profit. In my opinion to get monthly consistently profit we should also trade on others asset, like in stocks market or forex market.

I don’t think that there would anyone who earns money consistently because the price is not growing regularly. There are fluctuations, corrections and volatility in the price. One day it will go up and the very next day it will drop again. So it is not possible for anyone to make money consistently without losing his money. In trading you must keep losing in mind.

Quote from: Minhxx on October 03, 2018, 10:40:12 PM

I am the new e-currency transaction lately and I have own rules in This. I am always interested in information about these coins so that I get rid of the capital also dare to go substantially

Your answer is not relevant and not according to the topic. Please write on the topic only and don’t write here and there. Anyway I want to say that there is no business in the world which can give you consistent profit. The situations of the market changes due to the trend, purchasing power and interest of the people. If the market is good you can make money otherwise you will make nothing.

ShowOff

legendary

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I will answer for title, No. Grin

even me sometime loss, stuck in a coin/token. Sometime cut loss, and i think what if my profit is actually my loss and i never get profit in real. Well, but it wouldn't make us tired to trade.

Huskarls

member

Activity: 364

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trading currently requires tricks and big capital if you want to profit, because with an uncertain market fluctuations like now, it will be very difficult to get profit consistently, and can't just rely on technical analysis meanwhile the fundamental is also have great impact right now

yndye

sr. member

Activity: 616

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Quote from: ocid on October 04, 2018, 05:10:05 PM

to get a consistent profit every month in cryptocurrency trading is quite difficult to obtain, because crypto price movements cannot be accurately predicted so that prices can easily change so quickly. but for some people there may be those who succeed in targeting their monthly profits from cryptocurrency trading but that certainly requires strong expertise and focus on trade in this field

If one is successful in his trading journey and earning big amount of money then I don't he will comment in here because of the risk that he will become a target to the hackers. Some are so buy in their trading analysis that they can't even visit some other sites or forums for that matter. However, we should not forget that those who are successful are once upon a time noobs and because they persevere, they were at their position right now.

d1ceplayer

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Quote from: gopnik on October 01, 2018, 02:04:33 PM

The question may be naive, but truth is that i highly doubt we can find an active trader here with audited tax returns or trading records who can prove he consistently beated the S&P actively trading cryptos over the past years. Please, prove me wrong if you can

I guess most lose their shirt, a few survive. This market seems to offers very bad risk rewards / low probability ratios, only making the brokers richer

Note i'm not talking about buy and hold during a major bull run like last year or that one guy who turned 1000$ into a million over a one shot x1000 leveraged trade, or pump and dump scams etc, i'm talking about real active swing / day trading

Even top shot traders at prop trading desks in major banks to not beat the S&P. Their audited returns show between 8 to 20% annualized which is quite miserable when you know you can bank 100% in 1 or 2 years with leveraged real estate

As far as i understand, the crypto market works exactly like the FX and binary options, which is a super scammy industry designed to defraud retail traders.
Major crypto brokers are not even licensed neither audited and very likely highly manipulate the markets to crush the retail traders; wash trading, stop loss hunting, etc, you name it. Binary options and fx trading are banned in many countries for quite obvious reasons. Everything is designed to make you lose. Traders have less chances to win at this game than when playing the roulette.

This year has been a sideway market, which makes it very hard for traders to make money, but is very good for brokers as traders try to make money from frequent, smaller highly volatile market movements. Many must have lost their shirt
Just looking at bitcoin charts i can see so many obvious signs of market manipulations, stop loss hunting, bart simpsons patterns / pump and dumps. This market is totally rotten to the bone and artificially pumped by brokers, the biggest scammers, as they hold (and move) most of the liquidity in this new unregulated market. Guess why coinbase doesn't want to be audited?

If you're successful at trading cryptos even in this bear / ranging market, awsome, i want to know you

cheers

Beating S&P shouldn't be that hard tbh. That's not too much per year, how much is it less than %10 or so? I think that must be possible for the past 8 years or so if you have been trading carefully. Yeah if you look at just one year maybe SP already passed you this year because 2018 was a bad year for crytpo however if you look at the past 5 years or so a trader can pass SnP easily considering that's really really low bar to go over. I think making sure you are always trading and always on the move to the next trade is the key part here, if you keep holding for too long that means you are dead in crypto market.

ocid

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Quote from: wayaneka on October 03, 2018, 10:38:29 PM

its difficult to make monthly profit in consistent from crypto trading because price action of crypto followed Bitcoin, when Bitcoin going up or down so altcoin also will follow it, in up trend we can make profit but in down trend is very difficult to earn some profit. In my opinion to get monthly consistently profit we should also trade on others asset, like in stocks market or forex market.

to get a consistent profit every month in cryptocurrency trading is quite difficult to obtain, because crypto price movements cannot be accurately predicted so that prices can easily change so quickly. but for some people there may be those who succeed in targeting their monthly profits from cryptocurrency trading but that certainly requires strong expertise and focus on trade in this field

bering

legendary

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Leading Crypto Sports Betting & Casino Platform

Nobody can made consistently get profit in trading but following the market movement i think most successfully traders achievement came from last year that when the market gradually high that i'm sure most people can able to get 100% profit or more from last year but in this year i think some of us has been failed to continue our achievement because although we expect to see bitcoin price high again but seem this is almost impossible

Minhxx

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I am the new e-currency transaction lately and I have own rules in This. I am always interested in information about these coins so that I get rid of the capital also dare to go substantially

wayaneka

full member

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its difficult to make monthly profit in consistent from crypto trading because price action of crypto followed Bitcoin, when Bitcoin going up or down so altcoin also will follow it, in up trend we can make profit but in down trend is very difficult to earn some profit. In my opinion to get monthly consistently profit we should also trade on others asset, like in stocks market or forex market.

spiker777

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Payment Gateway Allows Recurring Payments

This is not the best place to discuss trading strategies or even look for advice. The vast majority of users on this forum surprisingly have little to no knowledge about cryptocurrency, so you're just shouting into the abyss. You might want to try reaching out on a traditional trading forum, as it is quite common now for traders to trade both markets.

Fatunad

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Quote from: gopnik on October 01, 2018, 02:04:33 PM

If you're successful at trading cryptos even in this bear / ranging market, awsome, i want to know you

cheers

Ranging market would be good for scalpers or day traders but still not an assurance thing for them to make money consistently and these word alone wont really be suit out on crypto market.

Quote from: MrVuuu on October 01, 2018, 04:07:53 PM

In the end, they were all wrong. Since then, I no longer read any analysts, and make my own predictions. I also believe that in this market there are no people who know exactly what will happen with cryptocurrency

Ive heard enough too wayback before and everytime i do see some good analysis i do simply read it but wont really make a tool that would be applied on decision making.
Making our own would be more ideal yet you would gain your own experience without relying others views.

exstasie

legendary

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Quote from: alentmay on October 03, 2018, 05:44:18 AM

Yes man you’re right, if they had such they wouldn’t be out here on the internet looking for who to sell it to… they would keep it a secret to themselves and invest millions of dollars which will in return get them billions of dollars and you will see them rocking life and enjoying themselves in their private jets and cooling off in yachts. Lol. So I don’t even trust them, none of them knows what they are doing, they just sell fake to traders.

The most effective trick is where they take screenshots of multiple trade setups. Then after the price has moved, they only post the correct screenshot. To newbies, it looks like they never lose. To old timers, it's an obvious scam. The first thing to look at with these snake oil salesmen is timestamps. If they wait until after their prediction is proven correct to post the prediction, they're being deceptive about their results.

Quote from: Indrawan77 on October 02, 2018, 06:07:30 PM

Yeah I also doubt that anyone could always make profit from crypto trading, crypto and stock trading is different, in crypto most of the coins are decentralised, so it can be manipulated, so chart and technical analysis can go wrong

Technical analysis can go wrong in any market. Manipulation can happen in any market too.

Some great traders have win rates worse than 50% because their ROIs are so high. Realistically, a win rate of 50-70% is excellent. Anyone bragging about results much higher than that is either (a) lying, (b) working off too small of a sample set, or is a "genius in a bull market"-- see (b).

alentmay

newbie

Activity: 67

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Quote from: gopnik on October 01, 2018, 05:32:19 PM

think about it, if these analysts, trading coaches, trading signal providers could really time the market, do you think they would be on the internet trying to sell you whatnot? they would be cruising on their yachts as we speak and making millions from their laptop

Nobody can predict the market; even most top traders fail to beat ETFs returns

Yes man you’re right, if they had such they wouldn’t be out here on the internet looking for who to sell it to… they would keep it a secret to themselves and invest millions of dollars which will in return get them billions of dollars and you will see them rocking life and enjoying themselves in their private jets and cooling off in yachts. Lol. So I don’t even trust them, none of them knows what they are doing, they just sell fake to traders.

Indrawan77

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Yeah I also doubt that anyone could always make profit from crypto trading, crypto and stock trading is different, in crypto most of the coins are decentralised, so it can be manipulated, so chart and technical analysis can go wrong, maybe you can't win every trade but I believe there are people here that got huge profit from trading, and they won't be bragging about iy

Diced90

hero member

Activity: 994

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Get'em boys

I may not be the right person answering this since all of the trades I've done by buying in various coins have not gone that great. In fact, for some reason the prices dropped right after buying in Cry

xIIImaL

legendary

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Quote from: dothebeats on October 02, 2018, 01:13:09 PM

I'm consistently trading but not consistently profiting, if that makes sense. Entering the world of cryptocurrency especially trading, one must always be ready in incurring losses, and there really is no definite strategy to always profit and rake in money in trading. There are times that you think you are getting a hefty profit and at the end of the day, you end up losing it all and sometimes getting negative income. In this bear market, the only thing worth doing is simply waiting for some slip-ups on the price and buy it, accumulate it, and sell it for later.

Trading is kind of gambling investment you must not get the profit all the time. Investors will be looking to find good coins but this bear market we will not be able to find the good coin which gonna grow or dump next moment.

I don't like to go with the trading since bitcoin fall below to 8k. I personally understood if the value touched 8k definitely we may expect the 1k to 2k USD profit in next 10 days after it.

dothebeats

legendary

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Cashback 15%

I'm consistently trading but not consistently profiting, if that makes sense. Entering the world of cryptocurrency especially trading, one must always be ready in incurring losses, and there really is no definite strategy to always profit and rake in money in trading. There are times that you think you are getting a hefty profit and at the end of the day, you end up losing it all and sometimes getting negative income. In this bear market, the only thing worth doing is simply waiting for some slip-ups on the price and buy it, accumulate it, and sell it for later.

Cofee.BLUE

sr. member

Activity: 546

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Quote from: Pursuer on October 02, 2018, 10:05:46 AM

obviously nobody is always 100% successful. there are times when everyone makes mistakes and goes against the market and loses money, even the biggest names in the world are experiencing this. but the important thing is the overall result.

Yeah, the reality is the whole thing in here is a mind game. No one really does a full career successful trading transactions. 100% successful trade would be possible if there are a time factor, not selling without pumping of the coin which will really take too much time for other cryptocurrency.

you just have to stop thinking with your emotions and based on bullshit on bitcointalk and start thinking based on your logic and experience and what you see on the charts which is the most real thing you can find!
[/quote] Another thing is the analysis of the market, if you will just base on recent prices and red and greens then most probably you will lose. Make experience, try to study the whole market.

Pursuer

legendary

Activity: 1638

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Where is my ring of blades...

obviously nobody is always 100% successful. there are times when everyone makes mistakes and goes against the market and loses money, even the biggest names in the world are experiencing this. but the important thing is the overall result.

it is not hard to think that most traders (traders not newbies playing around calling themselves trader when they bag hold shitcoins hoping for rise) are making profit consistently. in other words have positive returns at the end of the month, each month.
I myself have been trading for quite a while now and I don't consider myself an expert at all but I have been successful and my returns are positive in the end.

you just have to stop thinking with your emotions and based on bullshit on bitcointalk and start thinking based on your logic and experience and what you see on the charts which is the most real thing you can find!

nicolas1979

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Quote from: gopnik on October 01, 2018, 02:04:33 PM

The question may be naive, but truth is that i highly doubt we can find an active trader here with audited tax returns or trading records who can prove he consistently beated the S&P actively trading cryptos over the past years. Please, prove me wrong if you can

I guess most lose their shirt, a few survive. This market seems to offers very bad risk rewards / low probability ratios, only making the brokers richer

Note i'm not talking about buy and hold during a major bull run like last year or that one guy who turned 1000$ into a million over a one shot x1000 leveraged trade, or pump and dump scams etc, i'm talking about real active swing / day trading

Even top shot traders at prop trading desks in major banks to not beat the S&P. Their audited returns show between 8 to 20% annualized which is quite miserable when you know you can bank 100% in 1 or 2 years with leveraged real estate

As far as i understand, the crypto market works exactly like the FX and binary options, which is a super scammy industry designed to defraud retail traders.
Major crypto brokers are not even licensed neither audited and very likely highly manipulate the markets to crush the retail traders; wash trading, stop loss hunting, etc, you name it. Binary options and fx trading are banned in many countries for quite obvious reasons. Everything is designed to make you lose. Traders have less chances to win at this game than when playing the roulette.

This year has been a sideway market, which makes it very hard for traders to make money, but is very good for brokers as traders try to make money from frequent, smaller highly volatile market movements. Many must have lost their shirt
Just looking at bitcoin charts i can see so many obvious signs of market manipulations, stop loss hunting, bart simpsons patterns / pump and dumps. This market is totally rotten to the bone and artificially pumped by brokers, the biggest scammers, as they hold (and move) most of the liquidity in this new unregulated market. Guess why coinbase doesn't want to be audited?

If you're successful at trading cryptos even in this bear / ranging market, awsome, i want to know you

cheers

Consistently result is very hard and that's why many people use percentage ( % ) to set their stop loss, take profit and back up fund. Until now I can't get that result, even I use bot or use professional opinion never I get consistently. Just never give up to learn and fix our mistakes, follow the rules and pray, good luck all.

Topic: Is there anyone here consistently trading cryptos successfully? (Read 309 times)