Bitcoin Forum

I am fairly new here
I would like to show a trading way that I make money with trading
i usually go to bitcoin exchange sites , exchange my bitcoins to cheap crypto currencies and then sell them back to bitcoins when they go up
the cheaper the coin the betterr it is
it almost always goes up a few milli cents then i sell wait for it to go back down and do it all over again
anyone try this
at the moment im making a small profit

Many on this forum knew that. Just remember the "Buy low, Sell high" line.

Knew about this too but i never really dive into this idea. its still risky. I assume the capital needed for this type of trading must be thousands of dollars multiplied to the milli cents to profit.
Just how much money do i need if i have to start trading cryptos like you do and which exchange site?

What you can do at the moment is to do some altcoins trading. Some are "relatively" cheap and promised to a great future.

What you are doing is an open secret for traders and would-be traders alike. If you are doing this just to get the feel of it while enhancing your trading skills, then you are doing alright.
But if you are doing this to earn, then you are doing it wrong. You have to add more  volume into your trades to earn a decent amount.

My one cent of advice, never sell any coin lower than how much you purchase it. But you should also know when to let go a certain coin to mitigate further losses. Altcoins come and go and only a few are here to stay.

what you are describing as your trading strategy is the classic "buy low, sell high" that everybody knows and they talk about it. but the problem is with the risk it involves.

when you buy those coins at low price there is always this risk that it goes even further down, and you lose your investment.

That will be when the analysis techniques comes up to help you with your problem in predicting future prices. Most common was candlestick analysis and many ebooks about candlestick analysis are freely downloadable all over the web. :D

some of them will never go high, no matter how low you bought them, that's the problem of those alt, they have high % of death

it's better to focus on something more stable like eth or doge, that you know they are not going to die the next day

doge for example is stuck in the cycle 30 satoshi ---> 100 satoshi, you can profit a lot in that range

Well, there is no "the way". Trading is experience in my opinion. And you seem to be pretty new.
Gather experience about crypto coins and think about which coins has a good future and then invest into them.

I'm new too, and I'm doing the same thing. but there is one difference, I'm using the same coin. I buy, wait until it goes up! sell, wait until it get down and buy again. etc...
:D I make profits of 2$ o less ! it take some time o wait for the coin to change.

Nope dude trading good way to earn bitcoins, But many scammers are around us, they were easily cheating many people. So better escrow system while you trade bitcoin or any kind of cryptocurrencies.

it is a good idea but frankly how would you know the coin is going up again
no grantee i tried this many times .
one day you loose the second you win

Check with online trading sites like localbitcoins.com or kraken for good experience in trade, else Selling bitcoin in person can, in many ways, be the easiest way to pass on your digital currency. Simply scanning a QR code on another person's phone and accepting cash in hand is about as easy as a bitcoin transaction can get.

You are suggesting altcoin trading which i think is more risky than bitcoin trading. Buy low sell high also fits for bitcoin so better to get sticked with bitcoin trading.

Trading how makes sense is just by the profit you get by the variation in the price of bitcoin time to time.
The transaction charges which are much reduced will play a great earning compared to cash transfers.

I totally agree with you.
I find it very convenient and good trade.
Sometimes you can get things at a lower price, or indeed other good things.