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Topic: What if trading in Bitcoin was your source of income? (Read 513 times)

full member
Activity: 560
Merit: 100
I can say, if you are a good trader, these days should be very profitable for you, because these things always happen in the crypto world, and in my opinion, without this days, the profit will not be much better. Yes, the situation is bad for now, but in these days we can see the future and we should get more cryptos which we can earn more profit.
Do not fixate on the failures and the current situation of the market. You must continue to do your work the way you can. All the failures to date, This is only a temporary state of things and I'm sure that everything will stabilize in the near future.
newbie
Activity: 252
Merit: 0
Modal awal yang di ambil dari sebagian penghasilan kerja formal boleh boleh saja.asal tidak di ambilkan dari hutang pada orang lain.
Kalau modal awal di ambilkan dari hutang sangat berbahaya untuk trading.
Konsentrasi kita jadi terbagi antara kerja formal,trading dan cari biaya untuk bayar utang.
full member
Activity: 266
Merit: 114
I am not a trader but I do have a friend whose income is just by trading and his income is like a roller coaster ride throughout the year. One day he would make a great profit and the other day nothing at all or even encounter loss. As he has been in trading for a year now and with that amount of experience he has saved enough for bad times and the dips happening nowadays don't affect him much. Instead, he is happily investing in more coins which he had decided to invest in earlier.
All he did was smart work and utilized his money well and that is a quality what a good trader must have.
member
Activity: 350
Merit: 10
Before you do this, you had to find an alternate option just for such a case and just give him more time in such periods
sr. member
Activity: 1624
Merit: 250
I can say, if you are a good trader, these days should be very profitable for you, because these things always happen in the crypto world, and in my opinion, without this days, the profit will not be much better. Yes, the situation is bad for now, but in these days we can see the future and we should get more cryptos which we can earn more profit.
sr. member
Activity: 434
Merit: 255
What are the effects of these days dips for you as a trader?

Bitcoin was not made primarily to be a tool for speculation or a source of income.
The price does not settle at a certain range and it is not possible to predict a rise or a fall.
Instead of speculating on the price, provide services that can help others and accept bitcoin as a payment method.
The biggest problem these days for traders is the price contraction
For traders there are no problems with the drop in the price of bitcoin. Perhaps you are not a trader and therefore do not understand the specifics of this process. Traders sell and buy coins at any price level. Volatility of coins is at any level and therefore from falling prices suffer only those people who are set for long-term storage of coins.
member
Activity: 448
Merit: 10
What are the effects of these days dips for you as a trader?

Bitcoin was not made primarily to be a tool for speculation or a source of income.
The price does not settle at a certain range and it is not possible to predict a rise or a fall.
Instead of speculating on the price, provide services that can help others and accept bitcoin as a payment method.
The biggest problem these days for traders is the price contraction
most likely for the investor today's situation is more than a problem. But for a trader, there is every opportunity to make up for your losses, because on a price difference, almost every day you can make a profit.
legendary
Activity: 2702
Merit: 4002
What are the effects of these days dips for you as a trader?

Bitcoin was not made primarily to be a tool for speculation or a source of income.
The price does not settle at a certain range and it is not possible to predict a rise or a fall.
Instead of speculating on the price, provide services that can help others and accept bitcoin as a payment method.
The biggest problem these days for traders is the price contraction
newbie
Activity: 196
Merit: 0
Sumber penghasilan kedua selain pekerjaan kita adalah bedagang bitcoin.Bahkan hasilnya pun bisa lebih tinggi dari pada gaji kita selama bekerja.Ibarat bitcoin itu adalah sawah ladang kita yang kedua.Jadi sumber mata pencaharian dan penghasilan serta aset yang berharga adalah bitcion.
copper member
Activity: 434
Merit: 278
Offering Escrow 0.5 % fee
Learn some program and make a bot to instantly sell high and buy low.
even if the price value decrease over time it will not drastically affect your source of income.

Fundamentally speaking a professional trader will not worry about the decreasing value of bitcoin it is still a profit whether a pump or dump.
full member
Activity: 816
Merit: 133
Then as of now I may be having a stressful year ahead if it continues.  Though I'd make sure that I have a lot of options in hand to survive. Given that I wouldn't solely rely in Bitcoin alone, I'd be spreading my money all through out the market as possible. It would be a challenge but I'll make sure to secure everything and maximize my strategies for a better outcome.
member
Activity: 308
Merit: 10
the factors that influence when we trade bitcoin when the price rises or decreases so we must have a strategy In trading Bitcoin we must have a goal so as not to be confused, because sometimes beginners especially Bitcoiner Idealis often confused must collect Bitcoin or just chase profit in selling Bitcoin. If you've decided to become a Bitcoin Trader then sorry you have to bury the soul of your Idealist Bitcoiner deeply. Remember we are here to collect rupiah from the difference between selling and buying not Bitcoin.
hero member
Activity: 826
Merit: 1000
The All-in-One Cryptocurrency Exchange
It's very stressful, almost impossible if you have a real family
full member
Activity: 1092
Merit: 117
If the price is continuously going down that doesn't mean traders cant actually earn money from this. There are small increases of price of 100-200$ a few times a day and that is enough to make your daily profit if you are good enough to choose the right time to buy and sell(it is just an example). A good trader is always going to be in profit, doesnt matter how the market goes up and down because he knows how things work and when is the right time to invest or wait.
full member
Activity: 1372
Merit: 133
What are the effects of these days dips for you as a trader?

Making wise investment on different altcoins and ICO would benefit you a regular income in trading, trading only in Bitcoin or any other altcoins without including best ICO would be a up and down situation. There are people who earns more money in ICO when crypto market is down. The risk in ICO is finding a good and potential project and not all the ICO are successful. Research and decide on this.
Of course this is a problem, but you still need to study huge amounts of information and look for promising projects. To stand still does not make sense, because nobody will do this job for you in a qualitative way.
legendary
Activity: 2100
Merit: 1058
What if trading in Bitcoin was your source of income?

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Then you don't have a source of income.
Says who? A lot of pro traders are living on trading and that is actually a very good source of income as long as you are good and you know what you are doing as a trader. Every trend in the market is a good time to trade and it is not like you will just go home to sleep and expect cash to rush in every now and then without making some moves on the market based on the present trend and fluctuations.

You cannot underestimate the potential of trading and particularly about bitcoin trading as it has lower risk comparatively when you opt for passive trading kind of holding approaches. Like company shares, simply holding may fetch you some surprising benefits too in long run.
sr. member
Activity: 696
Merit: 258
What are the effects of these days dips for you as a trader?

Making wise investment on different altcoins and ICO would benefit you a regular income in trading, trading only in Bitcoin or any other altcoins without including best ICO would be a up and down situation. There are people who earns more money in ICO when crypto market is down. The risk in ICO is finding a good and potential project and not all the ICO are successful. Research and decide on this.
sr. member
Activity: 616
Merit: 252
What are the effects of these days dips for you as a trader?

Traders are making money whether the price is going up or down. If ever you are only making money when the price is going up then maybe it is time for you to find another source of income because price would not be bullish forever. There would be dips and if you only depend on it and you cash out then you have to spend more coins. If ever you intend to make it your only source of income then it is time to study how to short because you will be out of income when market is bearish. If ever you are trading or holding when the market dips then there is no income to be made so you need to have other sources not related to crypto. Build a business perhaps or find a job.
member
Activity: 336
Merit: 10
W12 – Blockchain protocol
What are the effects of these days dips for you as a trader?
I'm not an expert of trading but for sure those people who did trading as their source of income feels the pain in getting their profits. As the market trends are going nowhere it's difficult to anticipate a good strategy. I respect them as always, I know they can find ways to overcome this difficulties.
legendary
Activity: 2366
Merit: 1408
The good traders are gaining a lot of money for sure

I just buy when I think is low and sell when I feel comfortable (not at loss)

But when I joined cryptos I thought it was a good idea to diversify investments

I have a few rigs to mine altcoins, I put some money on BTC, ETH and another coins, and I'm joining some bountys
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