Topic: Would you recommend this method to earn? - page 5. (Read 915 times)
Yes this is somehow a good idea for those who cannot avail holding cyrptos for a long term investment and also with this strategy they can assure income to collect after a short period of time. But if you can hold them for a long run better do so because with that you can maximize your earnings especially if you don't need your money yet because selling will lose the opportunity for a much higher income
Not at all. Invest or trading in the btc pairs, so if you make profit, the profit will be in Bitcoin.
When you start by having 0,1 btc, repeat the profit cycle until you make 20 btc, hodl until Bitcoin $100.000. Then you profit will be more than doubled.
When you start by having 0,1 btc, repeat the profit cycle until you make 20 btc, hodl until Bitcoin $100.000. Then you profit will be more than doubled.
That is fine, why aren't you using this to earn money? i have been using the same method for more than a month, it is not very profitable at the moment because of the high fees that you need to pay, but yes, with lower fees it could be a good way to earn
OP method is actually a way to go to increase holdings. Buying when the price is low and selling when it gets high. Rinse and repeat. I also use this method but instead of fiat I use BTC and an altcoin. It is a very effective method but we need a perfect timing and time here since it really takes time for the price to adjust. Worsed it will never go down so we need to have some reentry point. same goes when it goes down and never goes up again. This thing happen so we better prepare for it.
Agreed actually I already knew the answer to that question. as i have been doing trading, i own 25 coins at moment as i am always buying and selling and trading etc.
with careful calculations.
so far it is working and i do it as a learning experience as well
trial and error is key to learn
as i have done some losses, i gotten more gains
only reason i started this forum i just wanted feedback and see if others are just doing the simple method and just focus on one crypto and buy , sell and take out as market moves around
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 buyingwith careful calculations.
so far it is working and i do it as a learning experience as well
trial and error is key to learn
as i have done some losses, i gotten more gains
only reason i started this forum i just wanted feedback and see if others are just doing the simple method and just focus on one crypto and buy , sell and take out as market moves around
And I suggest to not focus on one crypto because there is a saying about "don’t put your eggs in one basket"
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 believe this is called day trading, and day trading is not as easy as it sound, looks like a fairly easy concept, but everything may go your way few times in a row, you get good profit and then suddenly one mistake and all those profits are gone and you funds are locked, or you suffer a loss if you dont want to lock up your funds 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 somehow a good strategy to earn from trading but I think it will not maximize your earnings because at certain point you have to buy or sell coins in a matter of little pump or dump. I think the best strategy is holding your coins for a specified time frame like for example 1year so that the value is good enough especially if you don't need yout money yet so you could earn well and still continue to invest when the price is dropping
This method to buy low and sell high is exactly what we are doing when trading. So, the answer to your question, this method is perfectly fine.
However to earn money, you must know when is the “low” to buy and “high” to sell. For this, you have to analyse the market, keep up with news and practice. Good luck to you.
However to earn money, you must know when is the “low” to buy and “high” to sell. For this, you have to analyse the market, keep up with news and practice. Good luck to you.
Agreed actually I already knew the answer to that question. as i have been doing trading, i own 25 coins at moment as i am always buying and selling and trading etc.
with careful calculations.
so far it is working and i do it as a learning experience as well
trial and error is key to learn
as i have done some losses, i gotten more gains
only reason i started this forum i just wanted feedback and see if others are just doing the simple method and just focus on one crypto and buy , sell and take out as market moves around
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 buyingwith careful calculations.
so far it is working and i do it as a learning experience as well
trial and error is key to learn
as i have done some losses, i gotten more gains
only reason i started this forum i just wanted feedback and see if others are just doing the simple method and just focus on one crypto and buy , sell and take out as market moves around
And I suggest to not focus on one crypto because there is a saying about "don’t put your eggs in one basket"
The policy is old that we will buy bitcoin at the current price and when the price rise we will sell them to earn the profit of rise in the price. From the big perspective we will say that hold the bitcoin use them as a business inventory. You will know the price rise but you think that your money is going to have a high value do not cash your bitcoin use it for investment and ling term holding. Now Bitcoin is used for payments so you can also used it for payment of different deals.
You called ethereum as "Ethereal" so no, it wont work for you since it seems that you do not even have a little knowledge about how the fuck are the names of the main cryptos.. came on
Yeah, this is basic trading 101, but you don't have to put it back in fiat, you can use any altcoin you like.
That's not to say you'll make any money doing this, it can be quite hard to accurately predict whether the price will go up or down.
It might be a good idea to start following some traders on Tradingview, I've seen a couple of people there make accurate predictions on a regular basis.
That's not to say you'll make any money doing this, it can be quite hard to accurately predict whether the price will go up or down.
It might be a good idea to start following some traders on Tradingview, I've seen a couple of people there make accurate predictions on a regular basis.
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?
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?
for the method of ETH and ETC I recommend only buy 1 time when the price is very cheap and after the green to exceed 100% then we can take profit and wait until the price back red or drop then we buy again and sell after 100% do it repeatedly .
That's how the actual trading happens. You buy in at lows and then sell at highs! But I would recommend you to first watch the current market trends for that particular coin and watch out for what could be a good price to buy. Recently almost all major coins reached their peak (X2 the earlier value), so just identity a coin which can still grow in short period.
It seems like buying hight/ selling deep, but withdrawing here is weak point, because you lose your money on exchange fee.
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 yes, actually this strategy is what most traders do in all kinds of trading (stocks, forex, cryptocurrency) and some people make huge profit from this and also enough to make a living it is called short term trading or day trading. For this strategy to work well you have to have a target price on when you will take your gains/profit and you have to spend a lot of time watching the price chart. But the thing is you cannot always win every trade you make because sometimes we made a mistake like investing in a coin that already drop the price but still continued to fall after we invested, what will happen is you will wait more time for the price to increase again. 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?
Looks so simple but there's more to it than meets the eye. It is hard to know when is the right time to buy or sell. Traders struggle with patience that they tend to buy or sell at a wrong time.
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?
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 prefer to give directions of the order 4 5 6, we wait for the price of ETH and other coin price down after that we buy and save it again green price again then you will get profit and do it repeatedly anytime price above or you will get stuck in the expensive price.
Basic trading. But, trading in new altcoins might be the better choice. Obviously, only invest in ones which you think may have potential. A lot of the coins being released are shitcoins currently. For example, a few years ago investing in litecoin would of been very profitable, but it all depends on how often you want to trade. If you are looking to trade every week then a lot of the coins won't make much of a leap and you won't be earning a lot unless your investment is big.
You can earn money like this and a lot of people do, but it's a risky business and your effectively gambling with your money and should treat it as such.
You can earn money like this and a lot of people do, but it's a risky business and your effectively gambling with your money and should treat it as such.
This is buy low and sell high. You think this is easy? maybe if you have patience.. Give it a try, it's not easy as it sounds.
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