Topic: Is there really a lot of money to be made trading bitcoin? (Read 421 times)
if people weren't making money from trading then they wouldn't be trading. in any thing that exists in this world there is always someone who takes advantage and earns money and there is always someone who does not earn money and cannot see how others earn money. It's part of life, if we look at this cryptocurrency market there are many ways to make money, but in all these ways there is a high risk of losing money. speaking specifically in the case of trading, for people who trade with altcoins they can earn more money, at the same time it is clear that there are more risks, but the profits are greater, just that the person knows what they are doing
It all depends on your performance. Even a street performer would earn money if they were to play wonderfully, what more a trader that knows what he's actually doing right? Even corrections and dumps would be opportunities as long as one actually knows what they are doing. Naturally, even the best traders would lose out though, so losing money from trading isn't anything new. Heck, most traders would consider it as a success if they didn't actually lose, and profits would only come after considering whether they'd even break even or not.
And like a street performer, a beginner trader that wants to make money out of trading should practice, gain experience, knowledge and wisdom, if you have all of them or at least the three of them, in my opinion you can become a successful and profitable trading. 
It all depends on your performance. Even a street performer would earn money if they were to play wonderfully, what more a trader that knows what he's actually doing right? Even corrections and dumps would be opportunities as long as one actually knows what they are doing. Naturally, even the best traders would lose out though, so losing money from trading isn't anything new. Heck, most traders would consider it as a success if they didn't actually lose, and profits would only come after considering whether they'd even break even or not.
This time the market manipulation made bitcoin hodlers experience a big ath value. Users who cashed out at the right time made good profit out of the market manipulation from the whales which caused the downfall. From the beginning days of the year there is regular price fluctuation which is required for making profit out of trading. I personally found this year is big for traders than hodlers.
Only if Elon Musk didn't play the market we shouldn't be here but I think someone must have been telling him that it's not the right time yet that he suddenly disappear after making profit during bullish price and now, he's back to his shitcoin shilling. I don't think people would trust him in the future but we can't deny that he's actually one of the reason why Bitcoin price reach an ATH.Anyway, trading during those bullish time especially when the price reached $50k+ is good time for making profit. Hodling is different from trading it might take a long time but you will earn enough profit if you sell during bullish trend.
We are already fully aware with his scheme and tactics on where manipulative like kind of actions just for his own benefit.Yes, we cant deny that he's a billionaire and really capable off but once that kind of view
or image that he had built would last out forever.
Back on the topic about making a lot of money in trading? Of course you can but this would differ on each trader since not all would be equally knowledgeable or skillful.
This time the market manipulation made bitcoin hodlers experience a big ath value. Users who cashed out at the right time made good profit out of the market manipulation from the whales which caused the downfall. From the beginning days of the year there is regular price fluctuation which is required for making profit out of trading. I personally found this year is big for traders than hodlers.
Only if Elon Musk didn't play the market we shouldn't be here but I think someone must have been telling him that it's not the right time yet that he suddenly disappear after making profit during bullish price and now, he's back to his shitcoin shilling. I don't think people would trust him in the future but we can't deny that he's actually one of the reason why Bitcoin price reach an ATH.Anyway, trading during those bullish time especially when the price reached $50k+ is good time for making profit. Hodling is different from trading it might take a long time but you will earn enough profit if you sell during bullish trend.
Leveraging 10x to short is too risky to me, a mistake will lead to liquidation of the whole portfolio, 3x to 5x is better,. alternative in shorting trades to earn profits however this depends on how experienced a trader is thus a skillfull trader will make profit consistently irrespective of whether the market is bullish or bearish basically this has to do with proficiency in using both TA and fundamental analysis to predict price movement of course this can never be 100% however with money management such a trader will have edge over the market and make money.
If you are shorting in the cryptocurrency market you need to have balls of steel because no one in the world can predict the price movement unless you are holding billions worth of coins and you are able to influence the market. Technical analysis and fundamental analysis will not fetch you anything meaningful.I do consider all forms of trading in a highly volatile market as risky, but i personally like to invest during a correction and then wait till the price reaches a target price, it is zero risk and you will have your peace of mind and at the end of the day you can reap a good profit if you are patient.
It is true that being an investor is safer than being a trader, because investors only need to buy Bitcoin and hold until the target is reached.
The risk is almost non-existent, because we only sell when the target is reached, if it has not been achieved we will patiently wait. In contrast
to traders, who must have the right timing to enter and exit the market. It's very risky because if we fail we can lose our money. Being a trader
not only has to have good analytical skills, But we have to be experienced too.
Op you have really made more confusing thread than you have made helpful or simple kind of it. The numerous analysis should be supported by charts to guide followers. Like the points you made and breaks etc, should be pointed to for easy understanding of your analysis because almost all trader has their own kind of analysis.
As about trading bitcoin, it is lucrative . Trading is different from hodling.
I find the same , Confusing thread and supported with nothing just a baseless speculation , I don't know if OP really understand what bitcoin is and how this market moves and perform .As about trading bitcoin, it is lucrative . Trading is different from hodling.
This time the market manipulation made bitcoin hodlers experience a big ath value. Users who cashed out at the right time made good profit out of the market manipulation from the whales which caused the downfall. From the beginning days of the year there is regular price fluctuation which is required for making profit out of trading. I personally found this year is big for traders than hodlers.
I'm not sure about the manipulation , i believe that what we have back in ATH moment are legit investing and it is just the news that comes recently that makes the market down again but can you see?still staying stronger. 
Theres a cost to trading in time and money vs a potential profit, its really about timing and precision in application. Theres the impossible question of when exactly does the price especially move rather then continually looping in circles tricking everyone. Right this moment its fairly clear its just a loop and not that easy to trade till it breaks out imo
Its not easy or its deceptively harder then it appears often. Easiest conclusion at present is wait for price to be above the 50 day average, it seems to be some slow force crushing the range of price movement.
Its not easy or its deceptively harder then it appears often. Easiest conclusion at present is wait for price to be above the 50 day average, it seems to be some slow force crushing the range of price movement.
Most of the ways how people made money with bitcoin wasn't by hodling bitcoin. It was most likely by either trading bitcoin with leverage, mining ETH all of last year and selling at $4000, buying low/mid cap coins like Dogecoin, or buy getting involved with DeFI.
People who bought bitcoin before $20K using margin made the most money. Especially how there are 100x futures exchanges these days. There are times when you could of gotten a great position, which would of never went underwater and you would of been in profit immediately.
Next is miners who mined all of last year, held all the coins and sold when ETH was like $4000. Your little $2000 investment in GPUs could of net you probably over $50000. Considering each GPU would of maybe made an average of $10 a day. With 10 GPUs you would of made like $100 a day and difficulty was low last year.
Dogecoin was a big hit, if you bought at like $0.05 when the hype started and held all the way up to $0.75. Would of made a killing and same with people who got invovled with DeFI. Many started with $3000 and ended up in 7 figures due to DeFI.
People who bought bitcoin before $20K using margin made the most money. Especially how there are 100x futures exchanges these days. There are times when you could of gotten a great position, which would of never went underwater and you would of been in profit immediately.
Next is miners who mined all of last year, held all the coins and sold when ETH was like $4000. Your little $2000 investment in GPUs could of net you probably over $50000. Considering each GPU would of maybe made an average of $10 a day. With 10 GPUs you would of made like $100 a day and difficulty was low last year.
Dogecoin was a big hit, if you bought at like $0.05 when the hype started and held all the way up to $0.75. Would of made a killing and same with people who got invovled with DeFI. Many started with $3000 and ended up in 7 figures due to DeFI.
This time the market manipulation made bitcoin hodlers experience a big ath value. Users who cashed out at the right time made good profit out of the market manipulation from the whales which caused the downfall. From the beginning days of the year there is regular price fluctuation which is required for making profit out of trading. I personally found this year is big for traders than hodlers.
Only if Elon Musk didn't play the market we shouldn't be here but I think someone must have been telling him that it's not the right time yet that he suddenly disappear after making profit during bullish price and now, he's back to his shitcoin shilling. I don't think people would trust him in the future but we can't deny that he's actually one of the reason why Bitcoin price reach an ATH.Anyway, trading during those bullish time especially when the price reached $50k+ is good time for making profit. Hodling is different from trading it might take a long time but you will earn enough profit if you sell during bullish trend.
Leveraging 10x to short is too risky to me, a mistake will lead to liquidation of the whole portfolio, 3x to 5x is better,. alternative in shorting trades to earn profits however this depends on how experienced a trader is thus a skillfull trader will make profit consistently irrespective of whether the market is bullish or bearish basically this has to do with proficiency in using both TA and fundamental analysis to predict price movement of course this can never be 100% however with money management such a trader will have edge over the market and make money.
If you are shorting in the cryptocurrency market you need to have balls of steel because no one in the world can predict the price movement unless you are holding billions worth of coins and you are able to influence the market. Technical analysis and fundamental analysis will not fetch you anything meaningful.I do consider all forms of trading in a highly volatile market as risky, but i personally like to invest during a correction and then wait till the price reaches a target price, it is zero risk and you will have your peace of mind and at the end of the day you can reap a good profit if you are patient.
Bitcoin at first doesn't guarantee me for huge amount of money to be earned once you're engagement in crypto become sustainable. On my personal experience, I only earned an optimum amount because of hardwork without knowing that btc would reach $60k by the time of bullrun.
If I learned to have patience and control those days that btc got a cheap value, maybe I used to hold those btc I got and able to take bigger profit this year 2021.
If I learned to have patience and control those days that btc got a cheap value, maybe I used to hold those btc I got and able to take bigger profit this year 2021.
If you are stupid and stubborn and you get in trading without any knowledge or experience then it will be a sucker's game for you but if you do so otherwise then it will be prosperous for you although there will be losses.
There will be losses but that could be from the stop loss that you'll set. Both are profitable in everyone's opinion on which of the two they're good at.If you're not very well at trading, go into holding and you'll also be profitable by doing that, I mean by doing nothing at all but you just have to wait until the price rises and you get to sell at a good profit margin.
And for the traders, they also make money from it but it really requires analysis and the basics of it to cope up the market.
This time the market manipulation made bitcoin hodlers experience a big ath value. Users who cashed out at the right time made good profit out of the market manipulation from the whales which caused the downfall. From the beginning days of the year there is regular price fluctuation which is required for making profit out of trading. I personally found this year is big for traders than hodlers.
Asking if there's money to be made trading bitcoin or any other asset is like asking if there's money to be made by starting a brick and mortar business. In the end, it's only going to depend on the businessman's performance; or in this case, the trader's.
Correct, there is money to be made everywhere, in fact those that are the richest and accumulate the biggest fortunes are the ones that create a market out of nowhere for something that people did not even knew they wanted and needed, and what better example of this than bitcoin itself and the story of satoshi, however it is not easy which is one of the biggest mistakes that those that want to earn money out of this market make, thinking that just because they are here they will become rich, when the opposite is way more likely. 
I don't like leverage myself, even if I did get back into trading (which is unlikely) it's still a scalper's gaming tools.
Leveraging 10x to short is too risky to me, a mistake will lead to liquidation of the whole portfolio, 3x to 5x is better,. alternative in shorting trades to earn profits however this depends on how experienced a trader is thus a skillfull trader will make profit consistently irrespective of whether the market is bullish or bearish basically this has to do with proficiency in using both TA and fundamental analysis to predict price movement of course this can never be 100% however with money management such a trader will have edge over the market and make money.Experience does really count but mostly noobs do really have that common mistake that they do really believe that leverage is just an easy thing to make money without realizing
that this is also the fastest way on getting liquidated once the trend do oppose on what you had set out.
Well, like I said, leveraging is far too risky for me, even if I did go back to trading (which I highly doubt I ever would unless I became totally rich and just wanted to have fun the way I gamble at casinos for fun).
I honestly don't see the difference with x5 and x10 (it's double the leverage which kind of makes it easier to calculate in tenths rather than 20ths) -- it's really just the experience and discipline.
Well if anyone can make money, then it's all those short sellers or shorters who've been saying from day 1 that Bitcoin will never be X price again ever. I mean, if they only put money where their predictions are, then they should be shorting every rally, and making a lot of money. Imagine, we have been pulling back from 36k at least 3 times in 1 month now to 30k...
With leverage of even 10% that's 600% gains already without compounding.
Shorters have a lot of money for capital so they will definitely be able to make a lot of money, and if that's effective way to make money, why change it into something that is far inferior. Leveraging is a risky way to trade which could spell demise to your whole capital if you made a wrong decision. There's a lot of money you can make in trading but if you are starting from scratch, it's difficult to say that there's a lot of money in there.With leverage of even 10% that's 600% gains already without compounding.
Well, short or long you do need capital, so I don't see the real difference, except that shorters also do tend to be scalpers (based on my forex experience) and with leverage anyway, you don't need such a big capital (without leverage you might be affected by lot or min buys like on crypto but with even x10 leverage you can easily commit much smaller funds to meet minimums). I don't like leverage myself, even if I did get back into trading (which is unlikely) it's still a scalper's gaming tools.
Experience does really count but mostly noobs do really have that common mistake that they do really believe that leverage is just an easy thing to make money without realizing
that this is also the fastest way on getting liquidated once the trend do oppose on what you had set out.
Well if anyone can make money, then it's all those short sellers or shorters who've been saying from day 1 that Bitcoin will never be X price again ever. I mean, if they only put money where their predictions are, then they should be shorting every rally, and making a lot of money. Imagine, we have been pulling back from 36k at least 3 times in 1 month now to 30k...
With leverage of even 10% that's 600% gains already without compounding.
Shorters have a lot of money for capital so they will definitely be able to make a lot of money, and if that's effective way to make money, why change it into something that is far inferior. Leveraging is a risky way to trade which could spell demise to your whole capital if you made a wrong decision. There's a lot of money you can make in trading but if you are starting from scratch, it's difficult to say that there's a lot of money in there.With leverage of even 10% that's 600% gains already without compounding.
Well, short or long you do need capital, so I don't see the real difference, except that shorters also do tend to be scalpers (based on my forex experience) and with leverage anyway, you don't need such a big capital (without leverage you might be affected by lot or min buys like on crypto but with even x10 leverage you can easily commit much smaller funds to meet minimums). I don't like leverage myself, even if I did get back into trading (which is unlikely) it's still a scalper's gaming tools.
Well if anyone can make money, then it's all those short sellers or shorters who've been saying from day 1 that Bitcoin will never be X price again ever. I mean, if they only put money where their predictions are, then they should be shorting every rally, and making a lot of money. Imagine, we have been pulling back from 36k at least 3 times in 1 month now to 30k...
With leverage of even 10% that's 600% gains already without compounding.
Shorters have a lot of money for capital so they will definitely be able to make a lot of money, and if that's effective way to make money, why change it into something that is far inferior. Leveraging is a risky way to trade which could spell demise to your whole capital if you made a wrong decision. There's a lot of money you can make in trading but if you are starting from scratch, it's difficult to say that there's a lot of money in there.With leverage of even 10% that's 600% gains already without compounding.
Well, short or long you do need capital, so I don't see the real difference, except that shorters also do tend to be scalpers (based on my forex experience) and with leverage anyway, you don't need such a big capital (without leverage you might be affected by lot or min buys like on crypto but with even x10 leverage you can easily commit much smaller funds to meet minimums). I don't like leverage myself, even if I did get back into trading (which is unlikely) it's still a scalper's gaming tools.
Trading Bitcoin is a sucker's game.
Investing in Bitcoin however can be quite profitable.
Buy when you can. Sell only when you must.
Precisely and this is how should people be looking or thinking off on where they should able to get out and get in in the market for such situation neither a bear or a bullish market.Investing in Bitcoin however can be quite profitable.
Buy when you can. Sell only when you must.
When you do intent to trade with bitcoin then you should really prepare yourself on how volatile this coin would be and outcomes and results of trades will really be varying on someones
capacity or capability on trading because not all would really be having the same experiences or skills on doing trades so numbers would be totally different to each other.
Asking out if there would be lots of money to be made then this is depending on how someone will be doing his job.So it all depends on you....
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