Would you recommend this method to earn? - page 2.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: Hemady17 on May 05, 2018, 07:18:40 AM

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?

Yes! This is the basic idea of trading you buy low and you sell high. Many newbie has this kind of perception that trading is an easy task. But when they already engage in actual trading they discover that buying at low price is hard to determine as well as selling at high price. It seems that you are new at trading; my advice to you is to have time to study the mechanics of trading in order to minimize the possible losses.

Good point, fundamentals are really in need in order to gain profits, not just because you see that the value of such coin drops you will support it right away, what is good from your example OP you use ETH and I'm sure that timing is what you need when investing with this type of a project, the value will rise high then fell a little then it will rise back again, so for this strategy it will work but you needed to have a little bit of patience as the market is really volatile and always set your goals.

cmacwiz

sr. member

Activity: 704

Merit: 270

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?

This is a good method and I have seen a few friends of mine to do this and earn a few dollars, but you should also keep in mind about the taxes you pay in every transaction and also this method would take a very long time as bank deposits take a long time and if you are trading overseas then it will take at least 3 to 5 days. So that's so much time consuming and this world changes pretty fast and so do the bitcoin price and if bitcoin goes into a pump phase and you would be having cash in bank and you loose that opportunity them it will be pretty bad for you to loose a potential profit.

BitcoinNational

legendary

Activity: 1470

Merit: 1010

Join The Blockchain Revolution In Logistics

This is a classic and basic method. It may seem simple, but it's not. You hav to be very attentive to the up and down of the coin you're interested in. Don't forget that you have fees each time you make a withdraw.

godfredmanu

member

Activity: 266

Merit: 10

I won't recommend you to start with a real cash. You can paper trade this idea , including the trasaction fees of buying and selling. In theory it sound good and profitable but in practice it might lead to loss. And waiting for the crypto price,i.e Ether to fall is where the problem lies. What if Ether keep going up and it never fall for you to buy again?

utlptc

member

Activity: 392

Merit: 10

DeepOnion, a new dream.

That's the way of trading actually. But, with this, you should know that sometimes you will regret for a decision. For example, last year, I bought a lot of Dogecoin for 34 satoshi, sold at 50 and again bought at 45 and sold at 60. I made almost $500 within couple of days. But after selling at 60, I was waiting for dip, but failed and I had to bought at 90 satoshi. After all, I was in loss. No one can tell the time to buy or sell.

JimmieA

sr. member

Activity: 396

Merit: 250

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?

nowaday, almost people often use amount of money to buy some altcoins and wait until it's price increases to sell. however, there are many way to make a profit from crypto, specially that's taking part in the signature campaign. this's the safest way and the profit you can get from it also not small.

lushlifing

newbie

Activity: 196

Merit: 0

Well this is the basic method in trading, buy low sell high, but it is not that easy, everyone is not a trading god that can predict dump and the pump. that's why we study so that we can analyze the market.

Hemady17

member

Activity: 505

Merit: 35

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?

Yes! This is the basic idea of trading you buy low and you sell high. Many newbie has this kind of perception that trading is an easy task. But when they already engage in actual trading they discover that buying at low price is hard to determine as well as selling at high price. It seems that you are new at trading; my advice to you is to have time to study the mechanics of trading in order to minimize the possible losses.

okala

full member

Activity: 980

Merit: 114

Yes I consider this to be a good way to earn good profits from cryptocurrencies market. Many people has vary strategy in trading but you have to used idea that will work for you. I have seeing how little trading ideas are making money for traders.

parthgajjar

member

Activity: 273

Merit: 10

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 think that with a market that is constantly fluctuating and difficult to multi-monopoly, it is very difficult and very risky to trade successfully. But it is not impossible to make money at this moment. In a market like today, you should trade in the short term and not put too high on profit expectations, so you can accumulate safe returns and minimize risk.

kolega

member

Activity: 294

Merit: 11

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?

Of course, this is a good method and with the right actions, it will bring income. Still you need to be defined with tools which will help to understand when to sell and when to buy. But in general, approximately by this method, classical traders work.

Shamie1002

full member

Activity: 406

Merit: 102

I personally think that many people are doing this right now but as the adaption of the government is being set in place, fees will not be friendly anymore. I say it is still a good technique for now. Though it is a bit risky because you can't rely solely in predicting prices, just try to be patient and use segwit wallets that promotes lesser or cheaper fees.

sudnokpok

full member

Activity: 406

Merit: 106

thanks i am not a panic seller. as when the markets go down a bit, i don't sell out. only loss i do get is from gains made, not what i put it
as seems it always go back up and even higher after a dip

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

Sounds easy, doesn't it? Don't think any of us here haven't at least fantasised about doing exactly that sort of thing, doubling Bitcoin balances with a few flips, taking advantage of the swings we know happens with Bitcoin on a daily basis. But the reality is that all strategies only work in hindsight. Theoretically even, everyone doing it at the same time just wouldn't cut it out - for every maker there has to be a taker. Or several makers for a taker and vice versa.

The novice thinks he can be the one initiating this. The experienced trader understands that he can't game the market, and relies on patience and discipline (take what you set out to, lose what you were ready to).

Quote from: yojodojo21 on April 17, 2018, 07:25:33 PM

Mate the market cannot be predicted just by it's volatility and nobody can stabilize the market. So if you are just basing on color red and green then the money you have will not be doubled in a short period of time if you don't no how to make it roll in trading. HODLING and waiting for the green line is a good attitude but money is taking too time.

Buy more Bitcoin and then trade to altcoins and every 10 percent you earn you set aside to HODL, in just a month if you keep 10% earning in trading then you have 300% of your earnings and then last day of the month get 100% of the earning you keep and add it to the money you roll.

Easier said than done, buddy. Holding is probably the only strategy suited to most people, for as long as they have the patience of years.

hason88hvbc

member

Activity: 242

Merit: 13

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?

Investing in Crypto currencies is very risky in, it is difficult to predict the trend of the currency, but the question is how can we predict that the price will go down?

shezu007

full member

Activity: 336

Merit: 121

This technique requires bunches of time to screen the costs of your coins and since you have it you can center in your speculation without having an issue. I likewise attempted this before when despite everything I don't have work, our neighborhood wallet has a fiat stockpiling too, I used to subsidize my fiat so I can purchase bitcoin when the cost is going low at that point offer yet I have to screen regularly the value so I wont missed the opportune time to offer. This stop when I landed my position and wound up occupied. I think it depends in a client itself how they can remain to do this, in the event that you are as of now gaining and doing great by utilizing this system at that point keep on doing so since that is what makes a difference.

Jasper Dudong

jr. member

Activity: 90

Merit: 2

If you have a lot of funds, this will be a good traiding strategy. Patience is the key. The problem is when you sell when it goes up, then after selling it goes higher. But gain is gain as they said.

lushlife

newbie

Activity: 280

Merit: 0

Yes, this is the basic strategy, buy low sell high. BUT knowing where to buy and sell is the difficult part.

jaocoincrypto18

full member

Activity: 630

Merit: 103

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?

This is a sell it high and buy it low trading strategy in which you could really earn but the question is how can we predict that the price will going down or it will continue to pump up? This is very applicable if we could predict the unpredictable market value but still this is useful if we are very contented in a small earnings then we could sell it high and buy it low forever. Investing in Crypto currencies is very risky in which sometimes we need the power of luck for our constant earnings and not just waiting and hoping that the value will rise up then down again.

Sinecoin

hero member

Activity: 742

Merit: 500

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?

ya this is called riding the swings and is how many people trade. It sounds like a fairly easy concept except for when it comes to deciding what price to buy in at and what price to sell at. You sell and instead of the price dropping like you predicted, it will rise and might never go down back to what you sold at.

Topic: Would you recommend this method to earn? - page 2. (Read 915 times)