People that buy/sell bitcoin | Bitcointalksearch.org

Amph

legendary

Activity: 3206

Merit: 1069

Quote from: lissandra on June 16, 2015, 04:03:09 PM

Quote from: Sourgummies on June 16, 2015, 03:55:21 PM

Some good advice in here.

Currently not looking to do this but was interested in what it might take. Would most likely hold the bitcoins long term due to this being a side project.
Would be cool if I could spin this into paying the bills and banking my wages. That would be the dream.

Based on peoples response on this thread, I wouldnt take that risk unless you can afford it.

Its like a 50/50 chance, unless you know something that others dont.

they are just good at predicting how the market will move, based on its past history, there is nothing more to know, well then you have manipulation, which basically can drive the price where you want, but this is another story

brendanjhwu

full member

Activity: 238

Merit: 100

You could try signature campaigns. You see the ad at the bottom of this message? That's a signature, depending on your rank you get different rates from like 0.1 USD to 0.8 USD a post! From that you can start loaning, investing, or gambling :DDD.

Sourgummies

hero member

Activity: 728

Merit: 500

Never ending parties are what Im into.

I would not be going at this like a ping pong game and would sit on the coins. More than likely I would make a trade per day type setup.
Would never be over extended and would have maybe 3 coins at most in play at one time.

No plans to be greedy,just picking up some extra cash would be nice. Beer fund maybe at worst. Grin

lissandra

sr. member

Activity: 434

Merit: 250

Quote from: Sourgummies on June 16, 2015, 03:55:21 PM

Some good advice in here.

Currently not looking to do this but was interested in what it might take. Would most likely hold the bitcoins long term due to this being a side project.
Would be cool if I could spin this into paying the bills and banking my wages. That would be the dream.

Based on peoples response on this thread, I wouldnt take that risk unless you can afford it.

Its like a 50/50 chance, unless you know something that others dont.

Sourgummies

hero member

Activity: 728

Merit: 500

Never ending parties are what Im into.

Some good advice in here.

Currently not looking to do this but was interested in what it might take. Would most likely hold the bitcoins long term due to this being a side project.
Would be cool if I could spin this into paying the bills and banking my wages. That would be the dream.

techgeek

hero member

Activity: 826

Merit: 1000

youre lucky if you walk away being in profit.

Its just a higher form of gambling that most wont mention straight up to your face, but encourage it with TA = technical analysis.

Just stick to your job, buy btc on the decline trend and hold. Or just build a service around bitcoin.

BrianM

hero member

Activity: 546

Merit: 510

Quote from: Katsuo on June 15, 2015, 05:54:57 PM

buy low sell high, as simple as that. you earn more profit if you have more BTC, but you can also lose a lot of money if get unlucky.

Best advice I have seen for a long time Cheesy

Seriouly, if it was that simple why don't everybody do it? Also keep in mind, in order to make a profit on trading crypto, then MUST someone have a loss. Its pretty easy to guess where the loss come from, I think the biggest source is newbies getting in trying to trade, they are being ripped of. If you try to sell/buy you will in some kinda random altcoin which is moving, it is pretty clear that it the same person or entity making buy/sell orders. It is super coordinated and designed to rip "new traders" off.

ikydesu

hero member

Activity: 686

Merit: 500

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Quote from: Sourgummies on June 15, 2015, 05:38:20 PM

I am wondering how this works...I see people say they make a good living doing this but you must need a good amount of coin to make this work.
Anyone that does this give me some insight into how this works? Huh

2 options:
-buy bitcoin, HOLD, and sell after the price reach as you wish(long term i think, dependent the price reach as you wish). Buy on the exchanger like Coinbase, Bitstamp than Hold on your cold wallet, remember, don't store your coins on the exchanger.
-trading on platform(short term), you can get more profit if your analysis is good.

~iki

edric

hero member

Activity: 546

Merit: 501

Quote from: Sourgummies on June 15, 2015, 05:38:20 PM

I am wondering how this works...I see people say they make a good living doing this but you must need a good amount of coin to make this work.
Anyone that does this give me some insight into how this works? Huh

Buy from one platform at market price (btc-e, bitstamp) and sell with margin on platforms like localbitcoins. Repeat this. Repeat this again. And keep repeating it. You will earn good profits. Grin

At whatever price you are buy, just make sure you sell it at the higher price than that and maintain your accounts well.

meganburke

newbie

Activity: 56

Merit: 0

Its dreamy to get bitcoin with cheap rate. Ofcourse, you are lucky guy. GO to google and search, you get a list of trading site.

hendra147

hero member

Activity: 644

Merit: 509

Quote from: Tamer on June 16, 2015, 02:54:50 AM

Quote from: jmintuck on June 16, 2015, 02:34:14 AM

I am a trader in my country and what I essentially do is buy at a price around 8-9% lower than stamp, and sell at Bitstamp. I manage to sell around 10 BTC a day , so I can bag a profit of around 0.5-1BTC almost everyday.

you are lucky that you can buy BTC in very cheap price. its hard to find someone that is willing to in a very low price

how much your capital ? and where your country ?

Tamer

member

Activity: 119

Merit: 10

Quote from: jmintuck on June 16, 2015, 02:34:14 AM

I am a trader in my country and what I essentially do is buy at a price around 8-9% lower than stamp, and sell at Bitstamp. I manage to sell around 10 BTC a day , so I can bag a profit of around 0.5-1BTC almost everyday.

you are lucky that you can buy BTC in very cheap price. its hard to find someone that is willing to in a very low price

jeannemadrigal2

sr. member

Activity: 322

Merit: 250

Quote from: gentlemand on June 15, 2015, 09:52:54 PM

If you're in the US it is a little bit of a grey area. They might try to nail you as a money transmitter.

Yes, if using LBC just be sure to know what the rules are in your area. I hear scary stories in the usa so be careful with your transactions. If you end up selling bitcoins to a dealer, whether or not you knew what was going on you could still get charged with a crime. There might be ways to protect yourself, like make a customer sign a waiver or something that could indicate that you are not trying to make a crime.

jmintuck

full member

Activity: 142

Merit: 100

I am a trader in my country and what I essentially do is buy at a price around 8-9% lower than stamp, and sell at Bitstamp. I manage to sell around 10 BTC a day , so I can bag a profit of around 0.5-1BTC almost everyday.

Amph

legendary

Activity: 3206

Merit: 1069

right now, they are shorting massively, sell and rebuy fast enough, don't be greedy and wait for a high %, when it drop by 3-5% is already enough to buy again

for example before the xt drama it was at 245, selling at that point and buying afterward would have give you about $20 for every traded bitcoin, if you do it with ten btc, then you end up with almost 1 btc profit

pooya87

legendary

Activity: 3444

Merit: 10558

Quote from: Sourgummies on June 15, 2015, 05:38:20 PM

I am wondering how this works...I see people say they make a good living doing this but you must need a good amount of coin to make this work.
Anyone that does this give me some insight into how this works? Huh

you have to keep a couple of things in mind:
1) if other people are making money or huge amounts of money by trading bitcoin/usd it doesn't mean you can do start doing this without any prior experience.
2) do some research about exchangers that you want to put your money in. use google search and also search in the forum for their announcement threads and problems that people ran into with those exchangers.

p.s. i personally like trading altcoins since i am better at it rather than trading bitcoin, besides i was able to make more from trading alts.

CryptoTrout

hero member

Activity: 706

Merit: 500

https://twitter.com/CryptoTrout

If you don't have very much BTC to play with, you need use leverage for any chance at making money. Okcoin lets you trade with 20x your balance

gentlemand

legendary

Activity: 2590

Merit: 3008

Welt Am Draht

You wouldn't necessarily have to hold a lot of coins, just a small amount in escrow on the localbitcoins site ready for sales and fast access to more through an exchange or another seller.

You could sell 10 coins a day and if it's spaced out you'd never need to buy more than 1 at a time.

If you look at the buying section you can also see the same traders offering to buy coins through there for a lot less than they sell for.

If you're in the US it is a little bit of a grey area. They might try to nail you as a money transmitter.

moriartybitcoin

hero member

Activity: 560

Merit: 500

★777Coin.com★ Fun BTC Casino!

Quote from: Sourgummies on June 15, 2015, 05:38:20 PM

I am wondering how this works...I see people say they make a good living doing this but you must need a good amount of coin to make this work.
Anyone that does this give me some insight into how this works? Huh

simple buy and sell. you can buy alt coins which you think have potential to get the price rise then sell it at the time you think you will profit enough

Pips

full member

Activity: 168

Merit: 100

If life gives you lemons, make orange juice.

I would study the markets to get a good understanding of how the prices of bitcoin usually fluctuates. It does take quite a while, but it's worth it. Then, buy bitcoins when you think they are at their low and then sell it when they're higher. When you begin, you'll lose quite a lot. In the long run, it's worth it.

Topic: People that buy/sell bitcoin (Read 1425 times)