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.

You are going to earn good profit if you keep working hard with bitcoins. Bitcoins have indeed opened up new avenues of making money by sitting at home. I don’t think so anyone is going to skip such an opportunity of making huge profits. I am also involved in crypto trading just because of bitcoins.

I get the benefit of coins in exchange for national currency on this occasion I often observe the movement of coins at any time to quickly find out whether the coins have a high or low value and expect additional income.

1. I grow my Bitcoin by trading Altcoin
2. I used to use z-trader and trader tab to monitor all altcoin.
3. I joined the whale group on twitter a lot of altcoin information that will be pumped there. but sometimes the prediction is incorrect.
4. Yes, I profit by trading Bitcoin with my country currency. but the benefits of trading in there are small.

I think earning a good amount of profit and that too from Bitcoin is really not a difficult job to do. It only requires your little attention and hard work. You need to be very much careful in making out any kind of decision especially when comes a point of buying and selling them.

There are now many people who make money with the bitcoins. That is also my reason why I entered the world of cryptocurrency. I want to make many profits by working in many jobs that bitcoin created.

1.before I always analysis look at the bitcoin live graph in the graph.
2.there if you want to search but I do not use it.
3.I do not use any indicators, I just look at the charts in the market and predict it.
4.Well, it would be beneficial if not lucky for what I exchange.
I hope I can help

I agree that the strategy that you said are really effective. I do day trade and I always buy when the price is low and I always sell it if the price is high.  There are people like me that doing the day trade.

I can not answer all but some points will just answer according to my experience.
the process I always use to find out whether the price goes up or down I always stick to one of the trusted exchangers and also always look at altcoin movements, because altcoin prices can affect bitcoin prices.
the profit I always get when I convert to my national currency. because the trading goal is to make a profit so I think someone who traded bitcoin with the currency of each country will surely get money as a profit.

There are many things that can be done to grow our Bitcoins. While trading the most profitable thing to do would be doing nothing (holding).
If there is an increase in price holding bitcoins so that it may increase further would yield more profit and if the price is down holding bitcoins so that the price can bounce back would make a good profit or minimal loss.

Traders can youse charts and graphs based on their method of trading. I use it sometimes and sometimes not.

I use the moving averages to find out whether its a good time to buy a particular coin or not.

Yes I do make profit trading Bitcoin to my national currency which is INR since I rreside in India.

I follow following rules to get maximum profit from bitcoins:
1.   I often buy bit coins when their prices are low.
2.   And sell them when prices are at peak.
3.   Use my experience and market intellect for higher profits.
A little bit of luck also matters for it.

Getting profit from the Bitcoin is hardly a difficult job to do. There are many who are making out a lot of money from Bitcoin. You just need to make the best use of your time as well you need to believe in yourself. If you will not make good decisions, you can get nothing other than losing your own money.

I make profit from the bitcoin by doing gambling. I always betting to different sports and I always win many bitcoins. I can say that gambling is one of the greatest source of bitcoins even though it is risky.

As per my experience:

1. Almost before the price of Bitcoin have big changes, it always have some rumors about Bitcoin and after 1-2 weeks, it will happening. HardFork also good example for explain my said.
2. MT4, Tradingview or chart on market are can use for support us trading.
3. For me, I usually use Stock RSI for check over threshold buy or sell on market + volume buy/sell.
4. Yes, I do that if I'm exchanger and help other traders in my country want to buy Bitcoin.

To make your bitcoins grow, buy low and sell high vice versa. But most of traders prefers trading bitcoin for altcoins because it's makes your bitcoin grow faster. About software or tools that can help traders. I think just look at the news. News can give you ideas if bitcoin will pump or not. Sometimes i watch their marketcap. Analyzing graph is very hard to do. But im using a pattern to understand what is going on with bitcoin. About good altcoins to be pair with bitcoin. I think Ethereum(ETH), Litecoin(LTC) and Namecoin(NEM/XEM). I also trade with others altcoins tho. Just can't give me much profit as them.Trading gives me good profit. But loss huge amount recently. It's okay tho. I learned from my mistakes.

i am trying to answer with my own word.

1. i can not predicted when the price is up and down but what i am do is when the price is up, i am prepare to make sell order, i will determine how much i want to take profit.

2. for android, i always use tabtrader or polotracker. with tabtrader, i can see the charts and if its pump, then i can sell it to take profit.

3. indicators i use is sma, macd, ema. but sometimes i use the other indicators to give me more clue.

4. yes because i am not daily trading in bitcoin-fiat, i am daily trading with altcoin-btc.

i hope it will help you.

1) There's no way to know when the price will rise or fall, what I do is very simple. If I think the price is quite good enough to sell and that's the peak for that moment, I would sell and if luckily the price goes down, I buy back.
2)There are some bots.
3) I use the crowd, I mean the speculations of the people. Mostly the experts.
4) Yes, I do.

This guy claims that his wordpress site had a turnover of over 6 million yesterday (March 19 2013). This may or may not be true, who knows, but let's assume it is for the sake of argument. His average commission is likely to be around 50 bips, judging from his fee schedule. After all, since you can't get more than 1000 bucks out per day, few people will be gullible enough to do larger trades.

coinmarketcap can be used for early viewing charts after trading. but bittrex may be a reference because bittrex is more popular and there are always developments every time.

I agree and you can't learn all the trading tricks overnight though, you have read also topics about it. I found those topics on google and yes the best place to check or analyse the graphs of these coins are through the coinmarketcap site. So far it os the most up to date site and you can also check through the trading sites like Bittrex or Poloniex as well.

Coinmarketcap is a great site where we can see more statistics of the coin who have been added there but the coin who's been in there list are those successfully added coin with great volumes and those newly Finish ICO coins are cannot be easily added if the devs are so slow to add it up. But it's nearly impossible to determine if we can earn on the ICO since there are several devs who change there plans and that could make a coin lock for some time thats why we should now more on which coin we are going to invest so that we will go on the best coin project.

Mostly making profits from the ICO projects which are easy to understand and predict as well. I would choose coinmarketcap and different t exchanger sites to analyse th performance of coins price. It all depends on how successful a ICO is going on or will be going to launch. There are different ICO with different perspective which is core thing to decide about an ICO success and ultimately the coins fate. You could checkout the graphs on various exchanger or trading platforms.

No one has actually an accurate predictions unless there is a news that will advertise of increasing its value. If you want to know if the coin has a potential to increase its value periodically then just base on the experienced traders thoughts. Trading is too risky its like gambling in a safer way.

Bitcoin is not really different from other investments. The same questions could be asked and same answers giving if you were buying company stocks or gold. You have to watch what is happening and then make your decision.

I just keep it without graphs. Bitcoin will do now and in future what it did the last years. It will continue raising.

You can’t tell whether price will go up or not, but may looking at things, you may easily come up with the right decision.

Yes there are bots that people use for trading and they are everywhere online, including fake ones. I won’t even rely on such things if I’m going to trade.

lol, you need nothing but just a live chart to tell when an altcoins is profiting so you can make investment. One of the best altcoins to invest is Ethereum.

Sort of.

The best thing to do is always learn as much as we can and then start doing some trades to try to test the market. Using some of the best exchanges we have like Bittrex and Poloniex one can easily navigate those sites and then do some trading.Nobody should expect to be good on the first tries so never give up when encountering some loss.

This topic should be in Trading Discussion as it asks for general things about trading.

---

1. Not really overcomplicating things. I buy when it's dark red and sell when it's green. Not a greedy person too, any gains I may have, as long as it's more than 10%, I take it.

2. bitcoinwisdom.com is good for currency pairs to BTC. It lists some exchanges available on their site for users to have an insight on the trading action within those exchanges.

3. Currently not into alts, but generally if there's too much hype about a coin, I try to take a look at it first.

4. Nope. Never tried that and wouldn't even bother.

In doing trade mate, the only rules that you need to do always is follow the Buy at low then Sell at high price value. Aside from that make your own research about it, because trading is very unpredictable and traders knows that, bear it in your mind dude. Good day

Since bitcoin is highly affected by the fundamentals than technical then I just always watch out for any news involving bitcoin like what just happen recently that can affect the price and it doesn't matter if it is fake or real because people usually react immediately not researching more if news is real or fake.


I do use a chart for technical analysis in trading view and there's already a chart provided in exchanges.


Support and resistance, bollinger bands, stochastic RSI and volume with fundamental analysis as well whether there are recent developments in the project


I trade altcoins because most of the coins that has low market cap are very volatile. I trade some coins with low and high market cap. Low market cap is base on fundamentals while the high ones are technical and fundamental.

You can grow your bitcoins just by selling them at the high price and buy again when the price falls. It's a bit hard though because it's hard to predict what will happen next. We all know bitcoin is so volatile. So i suggest, just sell them when you are comfortable with your profit. Another way to grow bitcoin is to trade them for altcoins. Sometimes bitcoin falls and altcoins are rising. This will give you alot of profit if you'll understand how to do it.

I just don't know if there are tools to predict what exactly will happen to the price. So better make a research. Actually, it's not that hard. Just look at the news, graphs and im sure it will give idea on what's about to happen next.

There are plenty of tools and websites which offer various resources for pricing of Bitcoin, trends, graphs etc. Google can help you out with that. About altcoins, always think that the market is volatile and be ready with quick decisions to buy/sell or else you won't know when the landslide will hit.

i don't know exactly when prices will rise or fall, but I'm trying to find out the price conditions based on economic data, and news happening on the market


i don't know about that i just rely on the charts, and charts are available in exchange.


SMA, EMA and Fib levels


i tend to make profit by trading bitcoin with altcoin,

1. we cannot predict were bitcoin price will go up or down i only do is to watch from different exchanges paltform when the price down I buy when the price up I sell.

2. I dont there sodtware to buy to aid as trader, but try to search maybe theres one exist. I only do is to assume if the price will go up and down base on the current news and event. watch CFNM news or check bitcoin news, you can also check latest news from coinbase and coindesk.

3. when buying altcoin check first it background how do the project make a solution to the problem, background of the Dev. team, Status of the Company offering ICO or IPO are they really have as strong foundations, advisers and investors. Make a research mostly check their road map and whitepapers.

4. "Do you make profit by trading your bitcoin with your national currencies?" NO you cannot. You can make profit if you buy alcoin using bitcoin and trade that altcoin when its price go up.

these are my answer to you question hope it helps you! good luck and happy earnings.

Profit with bitcoin is a common subject now.So many people being profited by bitcoin holding, trading and etc, and made their life shine.

These are my answers on your questions.

1. You cannot predict when the price will rise or fall. All I do is buy when the price is low and sell when the price is high.

2. I'm not sure if there are software or graphs. What I'm doing is having an assumption if the price will go up or down based on the current events. I'm reading articles about crypto currency.

3. Just what I've said on number 2, I'm only doing some research. Before I buy on ICO, I'm reading their whitepaper and roadmap.

4. I'm making profit by trading Bitcoin to altcoins.

I know it's not much but I hope that my answers will help you. Happy earning!

Hi everyone, hope you're enjoying earning bitcoins. I have a question for folks trading bitcoin and making profit. How do you do it?

I mean:

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

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

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

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

Thank you for your input.