Would you recommend this method to earn?

velive08

full member

Activity: 815

Merit: 101

Quote from: worldtraveller321 on December 28, 2017, 08:17:53 AM

I presently use an exchange service, that has option to hold in Fiat money as well, such as USD

would this method work.

1. put some money into a crypto. e.g. ETHEREAL

2. wait for it to all go up, the rates to go up
3. withdraw all or just the gained earnings and put into Fiat account as holding
4. wait for Ethereum etc to go down again, to fall
5. reinvest and put in from Fiat account again,
6. wait for Cryptos to go back to green again.
7 repeat cycle

would you consider this as a decent way to make earnings in crypto?

your strategy is like a classic strategy that many traders have often done. this is not a problem and good in my opinion but for professional traders this strategy seems to be getting old and they want a new strategy that gets 2x faster profits than your strategy. for example, professional traders they dare to play at high prices and very high speculations. but this is not a good way for novice traders because it is full of risks

Hobo66

hero member

Activity: 1344

Merit: 502

This method is good and you can earn here. Buy at low and sell at high price.
I personally use this strategy given below.
Search for a coin which have high potential to grow. I hold it for some time and when ATH achieved i search for another coin and inveat in it.

Issa56

hero member

Activity: 1484

Merit: 928

There are lot's of pattern of trading depending on the kind of pattern that works for you everybody has his or her own pattern that works for them and that's the must important thing in trading always look for methods or pattern that make you secure maximum profit. As a beginner the must advisable method of trading is buying low then wait till the price go up and sell wait patiently till the price drop again and do thesame again. But due to Greediness some people won't still exit the market when the price is high, and due to lack of patience somepeople might endup entering the market at the wrong time and some might end up FOMO. But as a beginner or newbie in Cryptocurrency the best method to use is buying when the price is low and selling when the price increase with time you can endup learning other method you think will work for you.

maldini

sr. member

Activity: 952

Merit: 308

A great deal of the coins being delivered are shitcoins as of now. For instance, a couple of years prior putting resources into litecoin would of been entirely productive, however everything relies upon how regularly you need to exchange. Bitcoin use them as a business stock. You will realize the value rise however you imagine that your cash will have a high worth don't money your bitcoin use it for venture and ling term holding.

fat buddah

full member

Activity: 336

Merit: 102

Get Ready to Make money.

just do the same I don't withdraw I'm buying stable coins

DianaZher3

newbie

Activity: 116

Merit: 0

Yes, this is a good strategy for earning on the crypto currency, but not always the course of the crypto currency returns to the previous price levels. Using this strategy, you can not earn as much as if you just kept the crypto currency and would not transfer money to fiat.

Aion2n

hero member

Activity: 700

Merit: 503

In fact, you described how to earn. All of us already know that it is necessary to buy as cheaply as possible and sell as much as possible. The essence of trading strategies consists not only of this basic principle. The ability to earn on crypto currencies is the knowledge of what kind of coin to buy / sell, when to do it and in what paired of coin to do it. For example, today it is profitable to sell the coin X for the USD, and in a few days it is profitable to buy it only for the Ether, but for the USD is not profitable. And you will stay with your USD, not being able to buy a coin X.
You try to earn your "method", but do not forget that you need to think and develop. Think globally, read useful information, train and practice. Good luck!

Petrogradka

newbie

Activity: 62

Merit: 0

Very good scheme, tried a couple of times earned some money
A good option for any trader!
To earn more you will need:
Intuition and analysis of coins!

maydna

hero member

Activity: 2912

Merit: 556

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Quote from: worldtraveller321 on December 28, 2017, 08:17:53 AM

I presently use an exchange service, that has option to hold in Fiat money as well, such as USD

would this method work.

1. put some money into a crypto. e.g. ETHEREAL

2. wait for it to all go up, the rates to go up
3. withdraw all or just the gained earnings and put into Fiat account as holding
4. wait for Ethereum etc to go down again, to fall
5. reinvest and put in from Fiat account again,
6. wait for Cryptos to go back to green again.
7 repeat cycle

would you consider this as a decent way to make earnings in crypto?

I am sure that this way will work for every trader because if you stay with fiat, you can buy bitcoin as the main coin in the crypto so after that you can buy every coin that you want. and if you can repeat the cycle, I am sure that you can increase your money amount and you can see your balance will also increase. but to do that, you need to have the skills to know what coins that will increase, you need to know when the best time to buy and sell so you can make a lot of money.

BigBos

sr. member

Activity: 1974

Merit: 450

yes, it's a simple thought that can make huge profits, but it's very difficult to do that, because there's always a problem when you try to try. every business has a risk. I've done that before, and of course I can not bear to sell it, and panic when I see a low price.

BallinRegard

newbie

Activity: 70

Merit: 0

Theoretically the method will work but "up" and "down" is subject. There are things called bull traps and bear traps that will destroy this and make you make wrong decisions. I believe you need to have a predetermined entry and exit point for each trade and not be sold down the stream by the market.

kent47400

newbie

Activity: 210

Merit: 0

Quote from: worldtraveller321 on December 28, 2017, 08:17:53 AM

1. put some money into a crypto. e.g. ETHEREAL

Ethereal is what Altcoins?
You mean it's Ethereum, right?

You will not know when the coin will go down and the coins you buy will go up.
But the rest of it is great to be a reference in trading in the world of cryptocurrency.

Joemzz31

member

Activity: 308

Merit: 30

I think the method to do is invest in the best investing companies and hold your securities invested for a longer period of time in order to obtained a huge amount of income in future.

spadormie

sr. member

Activity: 840

Merit: 268

Quote from: worldtraveller321 on December 28, 2017, 08:17:53 AM

I presently use an exchange service, that has option to hold in Fiat money as well, such as USD

would this method work.

1. put some money into a crypto. e.g. ETHEREAL

2. wait for it to all go up, the rates to go up
3. withdraw all or just the gained earnings and put into Fiat account as holding
4. wait for Ethereum etc to go down again, to fall
5. reinvest and put in from Fiat account again,
6. wait for Cryptos to go back to green again.
7 repeat cycle

would you consider this as a decent way to make earnings in crypto?

Not much of a method though. It's the simplest way of earning money in stocks also in cryptocurrencies. I don't know what's the point in this post though. One tip, join some signal trades.

Barbut

hero member

Activity: 1694

Merit: 502

★Bitvest.io★ Play Plinko or Invest!

Why would you transfer your money to fiat account and be charged with many fees, when you can use USDT, now there is same with euros I think, I don`t remember the shortcut for that coin that represent real value of euro, like usdt is always the same value as dollar.
This threading method is nothing new, shortage I think. You can do that if you can predict tops and bottoms, but who can do that this days? Just few people, other always end up with cutting loses and lose what they had.
I don`t recommend this trading method to newbies, this is for people who have funds for buying and selling, people with experience in trading, and people with time to follow all day changes on the market.

whaawh

sr. member

Activity: 714

Merit: 251

Quote from: masudginanjar on June 02, 2018, 04:28:17 AM

that is my trick for Cryptocurrency trading, and maybe it's all the same like this.

but I do not know when it will go down and up the Altcoins. who is happy is when to go up and immediately sell for profit, his pain when stuck when you buy Altcoins and have to wait long to experience a profit.

generally, to predict when it will go up or your altcoin will fall very hard or even almost impossible. In any case, you need to constantly be in action and analyze the market every day.

yesuidanggan

member

Activity: 192

Merit: 11

This is a good trading strategy, the main purpose of investment is to make money!

The investment of cryptocurrency is very risky. It is a basic trading principle to sell high and buy low, but the market is hard to predict!

masudginanjar

newbie

Activity: 130

Merit: 0

that is my trick for Cryptocurrency trading, and maybe it's all the same like this.

but I do not know when it will go down and up the Altcoins. who is happy is when to go up and immediately sell for profit, his pain when stuck when you buy Altcoins and have to wait long to experience a profit.

maydna

hero member

Activity: 2912

Merit: 556

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Quote from: kenziefried on May 08, 2018, 12:04:41 AM

Quote from: ?? on ??

I think all traders use this way because this is the basic way of trading but the time and price that differentiates us when selling or buying And I suggest to not focus on one crypto because there is a saying about "don’t put your eggs in one basket"

Yeah that is right. One shouldn’t be putting everything in one source of money because you can’t just blindly trust anything that could also be the source of your destruction. Bitcoins are amazing and no doubt in it. People from entire world are continuously entering this world and making them their only source of income. But we must think the odds as well and must be considering them before start using.

besides that, if we can put our money in many coins, we have a big chance to make a big profit because, from many coins that we have, those coins can be increased in any time so we can sell one by one of our coins to take profit. by spreading our money, it means we search many opportunities in out there and we can expect to get a big return in the future. I think there are many coins that we can buy and hold until the price can increase and don't stick for just one coin only if we want to make a big profit.

kenziefried

newbie

Activity: 141

Merit: 0

Quote from: ?? on ??

I think all traders use this way because this is the basic way of trading but the time and price that differentiates us when selling or buying And I suggest to not focus on one crypto because there is a saying about "don’t put your eggs in one basket"

Yeah that is right. One shouldn’t be putting everything in one source of money because you can’t just blindly trust anything that could also be the source of your destruction. Bitcoins are amazing and no doubt in it. People from entire world are continuously entering this world and making them their only source of income. But we must think the odds as well and must be considering them before start using.

Topic: Would you recommend this method to earn? (Read 915 times)