Topic: Profiting With Bitcoin (Read 1634 times)

There isn't any process for that mate just keep an eye on the market and make your own decision while buying and selling because no body knows exactly when the price will fall or rise, we can only predict and predictions are not always right. So the only thing we can do is wait for price to fall low from the previous level to buy.

You can check the price of bitcoin during any period of time from https://coinmarketcap.com.

Research about the coins in which you are interested, check their road map, idea, their team whether they have any previous experience or having any background in cryptocurrencies and  of course most important whitepaper etc. you will get an idea through it whether to buy or not.

Yes i do, although the profit margin is low here but it is fast trading.

1) What are the processes involved in growing your bitcoin by knowing when the price will rise or fall?


For me I will choose the exchanger signals form different sites and will compare for extra detail for the price of bitcoin. Usually for growing the bitcoin l will keep them bought at lowest possible price. The rest happens automatically.


2) Are there software or value graphs that can aid a trader?


Not really, you can just go for exchanger as I said in the first point. They are best one and for more detailing use coinmarketcap in comparison with top two exchangers.


3) What indicators do you use to know what altcoin to buy, which is likely to rise or diminish in value?


Candlestick is better one to use because bitcoin prices rise and fall like very crazy. To see the difference they are better representation.


4) Do you make profit by trading your bitcoin with your national currencies?


I have tried it many time and I usually do that through my wallet as it is more easy to convert fiat into bitcoin and the other way round. It gives you profit if you reinvest the compound amount.

There are more than hundred ways of getting more profit with bitcoins. Bitcoins have the potential to make you rich just need is only of making your way in accordance with that of bitcoin. Buy in dip and sell in high is strong strategy, just stick to it and see the results.

Yes, most important thing is to be sure you have a good strategy for buying in and selling.
Also, not being too greedy or emotional helps one to play safe when trading. Like he said, follow the news, read the charts and don't try to gamble your way into any trade most especially if a pump is occurring in any of the altcoins.

Profiting with bitcoin not under aggresive scenario.
It is slow but it is okay.
10% okay, on and off.

Love it

With ICO'S too the profiting is not assured. It's entirely dependent on the users ability and all of the sudden certain ico pumps whereas some drops in the value. It's our goodness or luck to get benefitted through ico investment. Other than ICO's trading has been kept as an better source for bitcoin.

Are you sure you are getting the profit using the ICO token purchases? I have many friends invested in the time of ICO token sale but most of the time it is not successful for them. Some of the alts does not have created a market cap list too. MPX moneypot also been released, please check in altcoin ann thread and invest if you think that you will get profit.

In my experience, mining bring the lowest net ROI of any other investment method, not to mention it is the most hands-on and the most work. As time goes on, it will become less and less feasible for the average person (it already somewhat is) and turn more over to the large corporations with millions to invest.

In bitcoin ,you can get lot of money. In many ways you can get money from bitcoin. Some of them are Mining and trading. From mining you will get more bitcoin. If you saved lot bitcoin means, when the price reaches maximum means.You can do trading. Like wise, you do mining and trading parallel means, you will get double profit.

I will try to explain you in detail as I am from a trading background.

1) There is nothing big rocket science here, you just have to know the right skills with deep study and knowledge. The bitcoin will automatically grow as you keep on reinvesting your profits too with good money management as i do it regularly.

2) Yes, there is few good software available in markets offered from websites like Tradeguider.com, and eminiwatch.com. Tradeguider is VSA (volume spread analysis ) based software where a trader takes a position based on the buy and sell signals which are calculated using volume and spread data.
 While Eminiwatch.com also offers indicators such as better volume, better proam etc, which are based on tick volume and trade size data. I have been using them for two years and till now they have given me good risk to reward trades with above 70% accuracy.

3) I use many indicators together like Bollinger band for volatility, RSI for momentum, better volume and sinewave indicators for price cycle's and smart money's movement. By using all these indicators together which indicates different dimensions of entries and exits I trade the particular altcoins.

4) Yes i do make profit by trading bitcoin with my national currency .I use Better indicators from eminiwatch.com to profit from trades. The trend trading system is doing well there and i am using it from past 8 months.

I don't think anyone can predict the rise and fall of bitcoin however there are skeptics who gives their ideas that according to the graph they can speculate if bitcoin is rising or falling. And usually people read news about bitcoin and of course other cryptocurrencies because it would matter a lot and you'd know if that certain coin might be pumping or dumping based on the updates and news. And with regard to profits in trading, I don't compare or convert it to my national currency and just based it on how much I bought the coins for when I started trading them and can see the difference of how much it had profited over the years.

This is my main key:
1) What are the processes involved in growing your bitcoin by knowing when the price will rise or fall?
Yes, not really knowing it actually. But Price may fall or rise can be read,... not really can be read but no. 2

2) Are there software or value graphs that can aid a trader?
Yes.
It is probabilistic, that is the chart.
I like probabilistic.

Sometimes for me also i also make profit in waiting for ICO's who release coins after having there tokens. I know its a lot shady but it is really comforting once these ICO has released there coins in the market and honestly i just had 2 tokens that were released and i had profit. It is very long time investment especially for small traders like me but it totally worth it.

You are doing a very good job. I think you can get profit with Bitcoins in any way which seems comfortable to you. The best ways to earn profit are trading and holding of Bitcoin. You can earn a good amount of money by using any of the above mentioned techniques. I think it is all your hard work which matters the most.

Here are my answer to your questions:

1. By reading news everyday, analyzing the market, assuming what other traders would do ans finally making a conclusion or decision.

2.Bollinger band is a great help, it shows if the price of a certain coin is high or low without looking to its actual price.

3. Research the altcoin , read their white paper, know their niche market if it is profitable.

4. Yes, because bitcoin is volatile that you can earn more than a wager.

It is a simple process growing your bitcoin while trading. Buy when it is lower, sell when it is higher, that is the simple definition of trading. However, there are so many things you need to watch out for and so many people have their own separate starategies when it comes to trading. Most important thing is to monitor the news, study the charts to know the perfect spot to buy and sell and try as much as possible to use the candle chart mostly except you are an extreme pro. Most times before buying an altcoin, I always take a look at the past support and volume since I do not want to tie down my money. So, it is more like, is there a good support for this currency? Are people willing to quickly buy up at certain price? etc. If you are trading BTC-USD or ETH-USD and you know what you are doing, you should not have much problem. Lastly, I have never tried trading with my national currency so I cannot answer the last question.

That is in average for me. You even find a higher profit from other altcoins but you need to be in risky

Profiting with bit coins is much easier than any other cryptos available in the market. Bitcoins are the most secured cryptos ever known, those who have invested in bitcoins know its real worth and continuously make profits from it by trading bitcoins for altcoins and also sell their products for bitcoins.

Buy Bitcoin for the long term but if you want to trade for some profit in the short term, you should sell after a price increase, usually when something good happens in Bitcoin, then sell when it dips, usually after negative fake news in response to BTC's good news haha.

When you have many bitcoin it is very good to save or to invest.You will profit more than you expect.I just got my salary on last week.My salary supposed to be is 10 times .So I imagine now how bitcoiners have savings become millionaire.Bitcoin really profit quick just wait for right time to sell it.Bitcoiner becoming rich if you save.