Is there really a lot of money to be made trading bitcoin? - page 2.

sana54210

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Quote from: zanezane on July 01, 2021, 04:28:59 AM

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.

Shorters do not always have a ton of money, that is the idea of what wall street did to reddit and look where we are right now, shorters there ended up losing a ton of money in return. If the price wants to go up, then it will go up, all depends on the market wanting it to make it go up.

I have seen this coin go from under 4k to over 60k in a year, that is nearly 18x increase, that is not normal and people were doubting it all the way, from 10k to 20k to 30k to all the way to ATH price people doubted bitcoin to go up even more, and yet it did. So, if there is a market want for a higher price and we believe in it and start to bulk buy it all together again? That means the price will definitely go up, add in some famous people and big corporations going into bitcoin and you have yourself a new ATH on bitcoin price without caring about what shorters think or want.

xSkylarx

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Yes if you will have 100% trading accuracy. Imagine buying and selling at the right timing. But in reality this is hard to achieve and no one is able to do this, bitcoin's price is affected by many factors. Technical and fundamental analysis doesn't always work. A single news could greatly affect the market. People often think that it is easy to earn profit when you trade bitcoin or any other crypto especially on a bull market. They don't consider the risk if something bad happens that will cause the price to dump.

traderethereum

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If you have skills in trading, you will make a lot of money from trading bitcoin.
Besides that, it will depend on how much money you use for trading bitcoin because if you use less than $100, you will need more time to make a big profit.
But if you are not interested in trading bitcoin, you can buy and hold bitcoin as your investment and give you a chance to make a profit in the future.

JimboToronto

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You're never too old to think young.

Trading Bitcoin is a sucker's game.

Investing in Bitcoin however can be quite profitable.

Buy when you can. Sell only when you must.

palle11

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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.

zanezane

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Quote from: slaman29 on July 01, 2021, 02:48:59 AM

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.

slaman29

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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.

Woodie

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Generally forex and crypto trading has billions floating on the market everyday and its there for our taking, but only available when we learn how to trade and stay profitable.

And in this case for bitcoin it's actually quite profitable because this asset is volatile ,which is a good attribute.

Lorence.xD

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This question has been asked in this forum for about a dozen times already and I think the answer will still be the same for me, if you have a strong foundation on knowledge and experience in trading, you will be able to make a profit out of bitcoin. Also OP, you need to move this topic to Trading Discussion because that's the appropriate place to discuss it.

Dave1

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Definitely, there is money to be made in trading. Just imagine, you buy 1 btc=$32k and then this last few days it went as high as $35k, so there is profit already. But it's not that simple though, trading requires a lot of work and analysis so there is a learning curve to begin with and you might suffer a lose initially before you learn the tricks in trading. So if you are not willing to spend hours, then maybe, like the majority of us, prefer just to hold on it for long term.

rhodelmabanal

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I think it's not about bitcoin and the profit in it, It is all about how people handle the trading works on the crypto field because it doesn't mean that you will earn instantly if you do trading it needs more practice and patience to earn on the crypto, because of the high on volatility people will also possibly loss.

indo1

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I don't think it's like that, especially when we're greedy, where we're going to experience when profit becomes a loss, it's very sad I often experience it, so whatever I can be grateful for it will make a little profit feel more, at least we have nothing to lose from our greed.

Shenzou

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The bitcoin and the crypto market in general are not predictable and any trader the follows some prediction to make profit from this market will find himself losing a lot of money, every trader has their own way that they can profit from how the market flows, some just go for short term positions and have a large amount of bitcoin so a small change in the price could make them thousands, and some go for long-term and they just wait for key resistances that the price reach in order to buy or sell to make their profit.

swiftbits

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Trading guides can't predict what will happen to bitcoin prices; unforeseeable factors are involved in price changes.
You could make some money from trading bitcoin, but you need enough knowledge and huge funds to start, the risk involved.
Diversifying your crypto asset for trading would make a lot of sense if you want to make more money.
Crypto whales are everywhere; there are players out there building projects.
Traders follow the trend. Just keep updated.

ShowOff

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Quote from: Nrcewker on June 30, 2021, 11:00:31 AM

BTC is basically made for long term investing.

I don't think so because basically bitcoin is a new type of currency with all its innovation. Something called a mean of payment must be valuable, and so is bitcoin. The high demand and limited supply make the price of bitcoin continue to rise out of control, which is different from other types of currencies, making it very possible for anyone to get double profit if investing in the long term. So, both in the long and short term, there are always gain and losses depending on who does it. This indicates that there is a risk of asset volatility whose price continues to be influenced by supply and demand.

tulusikhlas

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bitcoin is only an alternative, and each alternative depends on how well you are able to manage it. bitcoin never guarantees you make big profits, but bitcoin can at least provide a long-term wait for your finances in the future.

because bitcoin is an alternative, then use this alternative as one of your methods in collecting various trading techniques.

Nrcewker

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Quote from: ?? on ??

Of course, if you constantly increase your trading capital

Yeah that’s a pretty common comment given by most of the newbie traders.
But according to me it’s only inviting losses to yourself.
If you just invest a big capital without proper research and analysis then definitely you will fall in losses.
What you can do is that try different cryptos IMO.
If you just Stick only to BTC, then you will surely get profit but not on regular basis.
BTC is basically made for long term investing.

dmamigo

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Surely one can make money by trading Bitcoin or other altcoins. Even trading stocks or commodities can be rewarding as well.
It is just that your strategy, knowledge, and decision are important to make money. Obviously, other factors count in like panic selling, etc. because trading cannot be planned.
Recently with such up and down, it is quite possible to book some good profits out of many coins in the market. But one should hold their nerves regarding panic selling which might take more time to revive.

Zorayzbillionz

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Yes there is a lot of money to be made trading bitcoin and mining too
Many of people ask this question but the truth about it, you do need trading
But not trading alone,you need to start mining ⛏ to make more of it
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I make a lot of money Mining than trading!

You should know this,when you trade you lose or win right, but when you mine bitcoin
You always win you don’t lose you make money 💰 not losing it and the truth about all is
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mk4

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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.

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