Topic: Is there anyone here consistently trading cryptos successfully? - page 2. (Read 308 times)

Yes, bots or signal sellers are usually losers of the market who try to sell fake products to regain lost monies. People making money from trade has no time for stories on the internet, if you are lucky to meet them on a private chat, they can assist. Otherwise, they relax their life, waiting for their trade to trigger off for profit.


Nop... I still believe lots of people are making money from day trading. Is all about working out a strategy for yourself.

I've made on my fun -daytrading- account from 0.11 BTC to 0.28 BTC in less than half year (+155%). I was only daytrading - holding max 2-3 days (mostly 10-20 min). That was the only way to earn on constant bear market. It is possible to beat market but it needs experience. No indicators, RSI, MACD, averages etc. They all suck here. Pure experience to know where the is panic selling. When price is loosing power, when whale is prepearing for pump etc.

It is possible.

Mayby it was easier for me due to small wallet (i wasnt scare to put money and wast to paralyzed in some cases to silmpy cut losses).

Trading the trend is easy, but there has been no trend for one year now beside a few corrective waves; the stock market is trending very strongly at the moment on the other hand

Bitmex and Bitfinex are definitely engaged in deeply unethical business; no wonder why they hide their ass in offshore jurisdictions

I was just raising questions here; i think it is important that people realize that only a very slim minority of traders make money in this business and that most will walk away leaving their money behind

Borkers and instructors / youtubers (who most of the time are endorsed by brokers) invest a lot of money trying to sell that falacy that you can make loads of money in no time.

TA is no bullshit, it is a self fulfilling prophecy:) it works, but you got to admit that brokers are defrauding retail traders by all means imaginable)

What is FX?Do you mean forex?Well,forex is not a scam,but there are some scammy forex platforms.
Binary options are a scam for sure.Anyway,crypto trading is just hard work.It's like any other shitty job outthere.You have to hustle,in order to find any success.There's no 100% successful crypto trader.
If any trader claims that he has only profits and no loss,he is lying.

Within trading communities, it gets pretty obvious over time: not many traders succeed. Most new traders in the Tradingview chat or in my private groups over the years only stick around for a little while. They get beaten down by overtrading and emotional trading, risk mismanagement sometimes coupled with outright bad luck. They blow up an account or two and they're gone forever. And that's exactly the type of people running around these forums calling TA bullshit and blaming "whales" and "manipulators" for their losses.

If you stick around the Speculation forum or any crypto trading groups, you'll see over time only the strong survive. The old hands who have been here for 3, 5, 7 years......they're still around because they're profitable traders. And we're a small minority.

About a year ago I followed a lot of well known traders, hoping to get tips and strategies how to be successful. I managed to speak with one of them and his advice to be successful was plain simple: Trade to get experience, with experience comes success. He told me that his trading wasnt profitable for the first 3 years (!), but nowadays he usually makes 2-3k per day.
So I dont think you will meet a lot of successful traders, simply because there arent so many ;-)

no one worth their salt is going to fork over their records to some random noob on bitcointalk.


that sounds like most markets. what markets do you know of where the majority of traders are making money? it's generally estimated that 80-90%+ of traders are not profitable across the board.


i feel the exact opposite. this last few months, the returns have been diminishing because the range is getting so tight. but in general, bitcoin/altcoins trend much harder and move faster than virtually all other markets. trading the trends are very easy. i'm not sure what r/r setups you're looking at, but i find crypto far more profitable than stocks or forex.


i've definitely gotten the feeling that bitfinex and bitmex have run front running operations and engage in stop hunting. it doesn't matter. getting my stops run here and there is a drop in the bucket vs. the potential gains in this market.

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

I have been trading cryptocurrency for about a year. And this year I have seen enough of many analysts from the Internet. At the very beginning, I read their predictions and envied them, because they were all so beautiful that I understood almost nothing. But having gained experience, I realized that they do not say anything supernatural and build their predictions on primitive patterns, and most of them said that Bitcoin will go above 20,000. 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

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