Topic: Is there really a lot of money to be made trading bitcoin? - page 3. (Read 421 times)

you are completely hopeless in any market and in trading in general if you think this way!
markets aren't some preplanned things where there is a schedule to rise and another for drop.

bitcoin market has proven time and time again that the major resistances to break is usually the round numbers. in this case it is $40k and it was tested a couple of times so it remains the strong resistance to look for. reaching any other price is not significant at all.

there is in no inflow of funds here. the funds are pumping other smaller altcoins while big coins like ETH are bleeding.

There is lots of volatility in the bitcoin market, meaning lots of opportunity to make money. Of course it's also very possible to lose money if you get stuck in a trade when the price drops and don't want to wait the days/weeks/months/years for the price to come back up to get out of the trade with a profit.

At this point I'd say staking is better than trading. Put a bunch of money in a staking coin, earn your income on it and wait for the coin to go up in price and then sell it. Then you are actually earning more coins without trying to time the market, and when the price goes up you can freely cash out whenever you want.

bitcoin never promises wealth, but bitcoin at least gives us room to keep moving forward, and gives us the freedom, to improve our finances, whether trading bitcoin can make a lot of money, it depends on the market price, it is not easy to find wealth. it takes hard work ,and super extra mind to make a lot of money..

what is the result of trading Bitcoin when they have a large amount of bitcoin, for example, bought Bitcoin 10 years ago and came this year to make a profit?
as for if you come today and start with a small capital, it will not give maximum results. so why do we know Bitcoin since 10 years ago?
You also need to manage finances, you need thinking skills and knowledge that you have honed for a long time, and apply them to Bitcoin trading, master at least technical analysis, and know several types of trades.

but that's all you don't need to worry about, the most important thing is that you know Bitcoin today, and start with your full sincerity and love for cryptocurrency.
get to know crypto more deeply, and do research on how to trade properly and correctly.

It's really an understatement in asking about the lucrativeness of Bitcoin and as a matter of fact Bitcoin is one of the first crypto currencies in existence and has been on appreciation right from it discovery. Hence, it should be taken seriously.

Bitcoin yesterday as scheduled up to break, but the price did not further break through 36700-37000 suppression area, the short-term trend usher in from weak to strong, so our short-term thinking began to maintain multi - single. If the top market breaks through to stabilize 37000 position, the price is expected to further march to 38000 line, we hope you will be prepared in advance. Below the short-term support were concerned about 35000, 34000 near the day to give the opportunity to light warehouse to consider multiple single admission

Ethereum back to step on the 1700 line, the recent market due to the inflow of funds, the market is also constantly up to break, the short-term trend gradually from weak to strong. The current high hit 2245 position, the strength of the bulls is strong, if the short term can again up to break through 2250 position, it is expected that the price will further test the above 2300. The upward trend of the day blocked, the price out of more than 100 points back, so our short-term operation or back to step on the main single, lower support attention in turn 2090-2030-1960

Prince also failed to further break through the day above 550 suppression, the current trend back under pressure, short - term downward strength is strong, but the trend of the day line level has not changed. In the short term, as long as the pullback did not fall below 480 for the position, the shock upward pattern unchanged, and if the subsequent market rebound through 450 line, the price is expected to further 477 day line in the middle of the suppression. The lower support concern 508-500, this look at 480 line

The price broke through 64 position as expected to rise again, short-term interval in the small upward movement, the follow-up focus on the 60 line, the callback did not fall through, is expected to concussion upside will not have much change, so our short-term thinking to maintain the majority of single, lower support attention to the position around 61, the top attention to the position around 68.7.