Trading with crypto or fiats? the right one? Your experience? - page 5.

joniboini

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Quote from: Hannahanto on March 12, 2019, 02:28:34 PM

I trade with crypto currencies. I have a small experience in it. The amount of profit i get is very less but yes it depends on the amount of investment i make. I have seen my friends trade with fiats at currency market. The amount of profit they receive is more than i do. The main thing is, the investment they make is lesser than i make.

Kindly share your experience?

What I get from reading your post is that your friend might be doing margin trading or something like Binary Option, which is more riskier than your usual buy low sell high trading. I don't think that's a good 'trading' activity for newbies tbh. And btw both of your way is 'correct', making profits from crypto trading sometimes can give you insane results (looks at BTT, LTO, etc where they can give you more than x5 return in weeks).

I've stopped doing trading and right now focused on long-term investment, that's better for me because I don't have the time to go to the market and pick coins and follow news 24/7. As for you, it's better to keep making profits even though it's small, don't envy your friend especially if he has more capital than you.

mrdeposit

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Quote from: Hannahanto on March 12, 2019, 02:28:34 PM

I trade with crypto currencies. I have a small experience in it. The amount of profit i get is very less but yes it depends on the amount of investment i make. I have seen my friends trade with fiats at currency market. The amount of profit they receive is more than i do. The main thing is, the investment they make is lesser than i make.

Kindly share your experience?

Do they trade money pairs? Forex? If so, you should know that crypto trade is much more lucrative. Only if you can evaluate the opportunities. Forex does not have as volatility here as it is, and it is impossible to make money without analysis and movements are so slowly as you do not think. And if you are new, you should be satisfied with small gains.

dothebeats

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Never compare profits and think one is better than the other. Currency markets (forex) might give returns larger than bitcoin or crypto, but the question is how experienced are you in handling your investments than them? Sometimes it boils down to the experience level of the trader and not the market they are trading per se. I'm pretty sure that you have some good days and they had their bad ones, and it's normal.

Oceat

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Quote from: Hannahanto on March 12, 2019, 02:28:34 PM

I trade with crypto currencies. I have a small experience in it. The amount of profit i get is very less but yes it depends on the amount of investment i make. I have seen my friends trade with fiats at currency market. The amount of profit they receive is more than i do. The main thing is, the investment they make is lesser than i make.

Kindly share your experience?

I think you got the wrong idea of investment and trading, usually, an investment uses fiat to accumulate such cryptocurrency. Your friends, they might have invested in cryptocurrency for long-term investment and that's why you have seen them trading with fiat. It's not that they trade fiat, it's just they sold their cryptocurrency that's why they have bigger profit than yours. Though the difference is of trading and investment is too far from each other.

MakeMoneyBtc

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I think trading with cryptocurrencies has a few advantages over trading with fiat. One of those is that you don't have to verify your identity in order to trade with your money. Another advantage is that you don't have to pay fees on your profits made from fiat trading to your government. Of course this depends on each country because some have already added laws regarding to cryptocurrencies trading fees. And I think there are a few more reason why people should choose crypto trading over fiat trading.

creeps

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Quote from: Hannahanto on March 12, 2019, 02:28:34 PM

I trade with crypto currencies. I have a small experience in it. The amount of profit i get is very less but yes it depends on the amount of investment i make. I have seen my friends trade with fiats at currency market. The amount of profit they receive is more than i do. The main thing is, the investment they make is lesser than i make.

Kindly share your experience?

Stop comparing your profit from your friends, focus on your own startegies. I do trade on both market, in stocks and cryptocurrency and I can say i make profit on both and I know I’m happy with it since i don’t need to compare myself to anyone. Well, your friend might be a professional trader so its better for you if you continue to learn.

carter34

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Quote from: Hannahanto on March 12, 2019, 02:28:34 PM

but yes it depends on the amount of investment i make.

This has answered many of your curiosity.

Quote from: Hannahanto on March 12, 2019, 02:28:34 PM

I trade with crypto currencies. I have a small experience in it. The amount of profit i get is very less but yes it depends on the amount of investment i make. I have seen my friends trade with fiats at currency market. The amount of profit they receive is more than i do. The main thing is, the investment they make is lesser than i make.

Kindly share your experience?

I guess your friends trade forex because you talk about fiat , either it is in dollar, euro, pounds or their local currency. So fiat and crypto profit are not compared.

Slow death

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Quote from: Hannahanto on March 12, 2019, 02:28:34 PM

I trade with crypto currencies. I have a small experience in it. The amount of profit i get is very less but yes it depends on the amount of investment i make. I have seen my friends trade with fiats at currency market. The amount of profit they receive is more than i do. The main thing is, the investment they make is lesser than i make.

Kindly share your experience?

according to what I understand, you trade Altcoin - Bitcoin and your friends trade USD - Bitcoin, is that? Let's suppose that's it. If you do trade Altcoins - Bitcoins, you need to choose altcoin very well and you must be very attentive to the development of altcoin and many times even when the market is very good you will see that the altcoin you are doing trade has not increased price significantly and you are low on profit. look at stellar

https://coinmarketcap.com/currencies/stellar

$0,107541 USD (-0,05%)
0,00002724 BTC (-0,76%)

but most of the altcoins are in the green. Now look at bitcoin

$3 951,98 USD (0,81%)

https://coinmarketcap.com/currencies/bitcoin

make USD-BTC trade is better

redsun114

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I think we have 100 of exchanges where you can swap your coin from ethereum to Bitcoin, one of those exchanges is binance and kucoin, though I will like you to make use of binance because it is user friendly and I believe it would be easier for you to make use of the platform than using a platform which you might have to read a guide before making use of them.

You can also make use of platforms that allow direct swapping from one coin to another without going to the crypto market to make the swap, one of the platform you can use is shapeshift.

whirlcoin

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Quote from: Hannahanto on March 12, 2019, 02:28:34 PM

I trade with crypto currencies. I have a small experience in it. The amount of profit i get is very less but yes it depends on the amount of investment i make. I have seen my friends trade with fiats at currency market. The amount of profit they receive is more than i do. The main thing is, the investment they make is lesser than i make.

Kindly share your experience?

I like the trading with cryptocurrency will be more convenient for me but it is only my class because we need to adapt both these trading which will be suitable for you in different situation because all time will not suitable for a single type of trading so we need to adapt hours trading to multiple types will be more useful for the future.

akram143

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Quote from: Hannahanto on March 12, 2019, 02:28:34 PM

I trade with crypto currencies. I have a small experience in it. The amount of profit i get is very less but yes it depends on the amount of investment i make. I have seen my friends trade with fiats at currency market. The amount of profit they receive is more than i do. The main thing is, the investment they make is lesser than i make.

Kindly share your experience?

both these way are profitable in any type of situation but I think it depends on the situation based system you can make your mind free at all time then only we can add up to any type of trading in any situation so I prefer to convert your mind into both this type of trading in anytime.

Lanatsa

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Quote from: Hannahanto on March 12, 2019, 02:28:34 PM

I trade with crypto currencies. I have a small experience in it. The amount of profit i get is very less but yes it depends on the amount of investment i make. I have seen my friends trade with fiats at currency market. The amount of profit they receive is more than i do. The main thing is, the investment they make is lesser than i make.

Kindly share your experience?

So you mean,

Crypto/Crypto ~~~~~~ Crypto/Fiat Trades?

It doesn't really matter actually if you do have small investment and comparing yourself with your friends wont really be that good.
They do make out money because they do trade more effective than yours. Simple.

CryptopreneurBrainboss

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There's nothing bad in wanting to earn from both ways and I'll seize the opportunity to do so whenever I see one. You have to understand fiat earning are fixed meanwhile bitcoin (cryptocurrency) earnings aren't fixed. You friend can make $100 and you make $70 but in bitcoin. That your friend will always have $100 but you stand the risk of your gain depreciating or appreciating in price. A trade with cryptocurrency can also be considered as an investment. It doesn't not matter if you trade with Fiats or cryptocurrency, just make profit and move on.

Timmzzy

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Quote from: Hannahanto on March 12, 2019, 02:28:34 PM

I trade with crypto currencies. I have a small experience in it. The amount of profit i get is very less but yes it depends on the amount of investment i make. I have seen my friends trade with fiats at currency market. The amount of profit they receive is more than i do. The main thing is, the investment they make is lesser than i make.

Kindly share your experience?

I don't have experience on Fiat but I will advice that you concentrate on the aspects you know best and secondly if you can combine the both is quiet welcoming. Gain more knowledge on it before you invest in.

vit05

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He's probably a better trader than you;

The volatility of the crypto market turns what is already risky into something 100x riskier. That is why everyone is preferring to use Bots or investing in the long run with fundamentalist analysis. Trying to make daily or weekly profits is too complicated for manual operations.

The Cryptovator

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Your friends are receiving profit more than you because of bitcoin volatility. They are receiving on fiat and its limited. But you are receiving profit on BTC and you are comparing with fiat. For example, your friend got profit $38 and you got profit 0.01 btc. Both are same on current market. Just imagine if bitcoin pump on $5k then you will have $50 but your friend will remain on $38. So better to increase your bitcoin portfolio if you think you want to trade professionally. But if you need instant profit then you could trade with fiat, because bitcoin might dump also. So may be you have to wait few days for pump again. Over all I want to say, trade with bitcoin for better future.

Theb

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Quote from: Hannahanto on March 12, 2019, 02:28:34 PM

I trade with crypto currencies. I have a small experience in it. The amount of profit i get is very less but yes it depends on the amount of investment i make. I have seen my friends trade with fiats at currency market. The amount of profit they receive is more than i do. The main thing is, the investment they make is lesser than i make.

Kindly share your experience?

Why wouldn't you just ask your friends who already know the answer you are looking for? If they already have the experience and success in Forex that you are talking about then I think they are the best persons to ask on their experiences in the market. If you are just shy because they have more success than you in terms of profit in trading then don't be as you won't get anywhere near them if you just covered your mouth and be jealous about it. If they are really your friends I know they'll be happy to help you learn their way.

Rightchoice

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I personally prefer to keep myself OPEN to everything, as per the situation demand. And I doubt if I require to explain the logic because it’s so obvious. When you are open to any style/way, then you increases the chance of making profits, and that’s really what we are required to do in order to be successful.

Right now, I trade with FXLinked, which is licensed by FSA, and holds great value with lovely features and facilities. They have over 200 instruments which includes Cryptocurrencies too, so I like trading through this.

butka

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Are you talking about investing in cryptocurrencies or trading cryptocurrencies? There is a difference, because investing is usually a long term commitment, whereas trading involves daily activity using charts, price action, indicators, or technical analysis in general.

I suppose that your friends trade the forex market. My limited experience with forex tells me that the forex market is different than the crypto market. Forex is generally easier to trade, it is much more regulated and much more predictable (not too many sudden price pumps or dumps). So I'm not surprised that your friends make more profit trading forex.

Hannahanto

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I trade with crypto currencies. I have a small experience in it. The amount of profit i get is very less but yes it depends on the amount of investment i make. I have seen my friends trade with fiats at currency market. The amount of profit they receive is more than i do. The main thing is, the investment they make is lesser than i make.

Kindly share your experience?

Topic: Trading with crypto or fiats? the right one? Your experience? - page 5. (Read 654 times)