Bitcoin Forum

In this thread, I'll explain BTC and ETH options trading for a living. Sometimes I'll post my realtime trades in order to give readers a better understanding of my winning strategy.

I'm using BTC-e for my all BTC and ETH trades and I'm using Etheropt for my all options trades.

Ok, lets start with some basics:

Traders/investors often use option contracts to decrease the risk associated with BTC or ETH. Suppose you own 100 ETH and want to protect yourself against a significant drop in value. Wouldn't it be nice to have someone else contractually promise to buy those cryptocurrencies from you for a guaranteed amount no matter what, even if the price fell to zero? That person will want a reasonable fee for providing that assurance, of course. As with fire or auto insurance, you hope never to file a claim. But if loss did occur because a house collapsed (or cryptocurrency ETH or BTC plummeted), financial disaster can be averted or substantially mitigated, depending on the terms of the policy and extent of the coverage elected. In this situation, an option contract is the exact analog of an insurance policy.

Another reason BTC or ETH traders/investors use options is to control a large amount of ETH or BTC without having to buy or own it. Suppose a trader feels that BTC is about to rise significantly in price. Wouldn't it be nice to pay a current owner of that cryptocurrency a reasonable fee for the right to purchase his or her BTC at a mutually agreed on price within a certain period?

I will post my realtime trades soon.

Still options are so expensive in Etheropt exchange, I'm waiting for better pricing. And some expirations are so close, I like longer expirations which means I will have more time to make profits and apply proper hedging strategies (risk management) on my existing positions.

It is a hard to thing try and make a living out of cryptocurrencies only because that means that you will have to handle in allot of them to make enough money to be able to pay for everything that you need to pay.
For me it would not be possible that is why I use it as an secondary income.

This is only possible for people with something like 20btc and exchanging all days to get enought profit to make a live from those, the others people with 1 btc and 5 btc cant live from this, its insane to even try it, they can get an income but not enought.

i'll be following this thread closely , js;
i wasn't even familiar with the concept & because of this post now i'm all over the place reading what it is;
thanks in advance op for the hopefully super useful info you'll be posting here;


i guess its a matter of perspective, i can totally make it work with 4,5 btc initial investment!
cryptos is a vast market & trading is not the only thing you can do with 4,5 btc worth of assets!

As quoted its true that an good initial investment is required to have a better living with bitcoin. Just with a small investment users can only fulfil a part of their basic needs.

I personally have a lot of experience with options trading. In fiat and in Bitcoin. It is not that easy to make profit as the opening post states.
In contrary, the chance is high to lose your entire capital.

Well the strategy has always two sides, but at trading i believe you can loose a portion of your coins and not loose all atleast not at once, what happens with others gamblings ways, as casinos. I had tryed to profit from trade and i my funds went down around 0,13btc soo, if it were easy all would be doing it.

Options trading are beneficial way to use in actual trading. But I am not in this line since as a trader , though I am a small time, options trading is costly. I prefer traditional trading without having to deal with some options. Just normal trading will do. Doing it normally I am earning though small but I am comfortable in this way. But to experience traders it may be very useful to use options.

Can you share your experience with options trading?

yeah I think you need more experience of life and work in bitcoin before you work full time and live in bitcoin I think you should
know bitcoin further before you living in bitcoin. I think the capital is very important for you to survive in bitcoin

Your chance of becoming successful at it is almost zero. I can guarantee you, you will lose your initial investment. I've been here long enough to have seen so many noobs fail and lose their shirts. Some of these losers had extensive experiences in trading other assets. Cryptocurrency does not behave like other more established assets and currencies. You have better luck at gambling than trading.

I haven’t tried option trading yet but it seems interesting and yes if we have right strategy, enough capital and emotionless attitude then earning for a living is possible with trading. I made some profits with option trading in stocks but I have never tried it in crypto trading but soon I am going to start option trading. I think I should start with bitcoin and then to shift on other alt coins, what do you say?

Let's say your monthly salary is US$2,000. I believe the progression towards full time trading with BTC has to be progressive, perhaps from a part time basis, using 2 hours per day, and see how much can you earn after one month.

You made some profits with options trading in stocks with which strategy? (spreads, or...?) Whatever strategy you succeed in stocks can be easily applied on cryptocurrency options. The trick is you should stay away from bucket shops (aka centralized binary options platforms), and stick with decentralized options platforms.

i even not believe on bitcoin for living if i invest a good amount of money, bitcoin is not so stable yet and not yet so trusted to believe on it for living although there is no doubt about this that bitcoin is very very helpful to me in economic assistant but not so mature to depend on it for living.

The hardest thing is probably the lifestyle and then #2 would be actual skill to trade profitably. 

You have to spend huge amount of time in front of screen, you think about trades while you are socializing/doing other things.  It gets harder the older you get.  Thats my thoughts.

Ya its can give smart residual income in form of digital currency. Which can be exchanged to bitcoin. And Bitcoin can be exchanged to fit currency. Everything goes very smooth and fast, than traditional methods.

So concentrating on altcoin exchange can give certainly good ROI.

as I know option trading is not so easy , normal basic trading is good , and also earning living with option trading is requires more amount of investment . with small amount of bitcoin it s difficult to earning a living with bitcoin , that will useful for pocket money :).

you can actually earn a living with bitcoin if you are good enough to do some various works wich pays you huge btc salary but if you are just relying on trading and wait for flactuation well theres no way  really that you can earn a living with coin,  tradings needs time some time to earn and flactuations are not really happening instantly thats why the earnings on that platform are unstable and thats the reason why we cant rely on this to earn a living.

I would like to ask a question to OP.
i just got into altcoin trading and I've looked at some technical analysis methods (eg candlesticks and indicators). Altcoin trading unlike forex seems to be more about looking at the social aspect and seems to be based primarily on instinct. For example, say for some unknown altcoin, you need to know if it has a useful niche. How close to the truth is this?

I think the larger the capital you have, the greater the possibility you to get a bigger loss. I think it's not a problem to use a small capital. because income from trading altcoin practically unlimited. so you can live from trade despite having a fairly small capital

You're very close to the truth. But still volume based technical analysis works on altcoins.

Yes I made some profits in stocks but don’t know why I am having difficulty in trading in crypto currencies. I think initially I was wasting my money in pump and dump schemes and then I moved to option trading. I am running on trial and error strategy and learning from steps, thanks for your suggestion. It will take some time to cope up with new trading platforms but I am ready to learn it from my mistakes.

It would just take it slower. Yes you did lowered the risk but there is also a cost for that. Why do some gamble a larger money? Well hey want to make it faster. The way you want it is slow but steady. I love that idea too, for I am a guy that sticks with the safer side now.

Technical analysis don't work much on crypto trading, its not like we can have a trading strategy solely base on the technical details as we don't even see some indicators available to our platform ulike on meta trader.

the only you can depend is the news letters of the dev. and people pumping it.

It is not an easy job to be able to make a living out of Bitcoin because it is hard to make money every month with Bitcoin. Bitcoin is also not stable and that is also something that makes it hard.
If you want to make a living out of it then you will have to be sure that you make enough money with it.

Exactly right anyone can not only focus on bitcoin/altcoin trading for his/her living.most of the new user can not even get 1 bitcoin in 1 year unless they go for risk services.trading is good for those bitcoin user who already have good backup of bitcoin i.e early users.

Yeah and you can make a living with trading only if you have huge capital to invest, as with higher capital you will also earn higher profits which can be enough for a living.

yes, you are right, to have a lot of capital it is quite easy to make a profit on the trade. moreover altcoin trading easier and a lot of choices, making it feasible to make a living from trading. because bitcoin trading tends to be more stable and trade bitcoin little difficult to be an earning living.

But sometimes devs newsletterd are misleading but it can really indicate that the coin is still alive and slowly kicking, but for me i really rely on just god feel,charts and community thats why i earn sometimes in tradings, and maybe you can qlso joined he pump of the dev so we can earn yet for some certain coins in tading sites.

We all know that to make a living from trading is quite hard, even get the information on the right moment, some altcoins just moove without notice, soo you cant predict how much and till when the altcoin will jump.

its really hard to make it as your source for living as price is unstable and the movement really hard to postion your entry but if you have big investment capital and if you keep on searching for any alt from time to time it is possible especially if you have a luck doing some arbritage thats more possible to earn a lot.

Aren't you tired of your money being held hostage to the price direction of BTC or altcoins?

Why are the average sit at-home cryptocurrency investors/traders willing to be trapped by a coin they purchased, hoping and praying that it appreciates in value?

It can be possible but the thing is that you will have to handle in allot of them to make enough money every month so that you can pay everything that you need to pay.
I think that the risk is to great so I just do them on the side.

I think that it is possible but it means that you will have to handle in allot of them to make enough so that you can make a living out of it.
For me it is not possible and that is why I do Bitcoin in the side.

What im saying is that with 20 bitcoins you can make easy 0,10btc daily with a low change into the value of any crypto coin, with small ammount you will need to expose a bit more your small coins, and to reach those 0,10btc daily you will need to make atleast 3-5 trades, thats what i were saying.

Does Algoswan still update this thread? He said that he will post his live trades. I think it would be interesting to watch and learn from what he does and the moves he makes with Bitcoin and Ethereum. I am still a newbie in trading and I would like to know how much in average does he earn from trading. Also if my starting capital is 10 BTC how much would I expect to earn each month learning his style?

I've heard of some people that are able to make $1000 on some larger market movements with some alts that they pump or just catch a nice movement on, however a lot of those numbers can be debated and the one-day moves are quite rare and it isn't easy to see one of them on the horizon until they happen, and even by then it is typically too late. As for having 10 BTC as a starting capital, you would be looking at somewhere around the same ballpark, however being new to trading you should just do small trades at first and learn how everything works before you start to get heavily invested in anything.

As for how good you'd do following Algoswan's technique, I have no idea because I don't know what he does.

This is right, the larger of btc you have the larger of loses btc also.
When you invest on trading only there's a tendency of losing btc,
because of keep in monitoring the downside and upside of current price.
Much better not to invest on trading only, thus dont put your eggs
in one basket.!

Maybe it is possible but it does not really mater to me because I do not want to rely on a crypto currency because you never know which way it goes.
It is not stable and that is what it is much better as a secondary income.

With that amount of earning you need to have a bigger amount of capital to start  in trading, that is the direction I am planning to go to earn a living in trading. Although it is hard to achieve but I am learning it now, as I start with a small amount of money.

I think most people posting in this thread confuse cryptocurrency trading with cryptocurrency options trading. In options trading, you don't have to be right in your predictions all the time. Just google following: covered calls which is my main strategy to earn a living from cryptocurrency options trading.

Ok thanks for making that clear to us. So where can we start trading cryptocurrency options and when will you demonstrate your live trades in the thread? I would also like to know what books and youtube videos would you recommend for starting to learn options trading.

I've heard that those people only trade something around 10 BTC and not a whole lot more, however I could be wrong. Please also note that the $1,000 profits were mostly made off of single-day movements that were big and not necessarily common. It could have been a stroke of luck, and I don't know what they're making on a normal day.

I think people can earning a living from cryptocurrency options trading, but you need big balance/bankroll to earn much profit. You also earn a living though even you only have small balance, but the profit will be small.

I think that its possible of course its also a sort of risky because trading is normally risky so that is the downside of it all but you know what people are saying right, without risks there is no profitable job.

It's very possible. If you have the budget, you can pump into or out of the coin in question and effectively control the price.

This is possible earning a living from cryptocurrency which
options is trading only. Like me, my way to earn in bitcoin
is trading were I really gain proft well. This is the way I
choose in bitcoin on how to earn but I know its really risky.

Earning a living with Bitcoin is possible but I do not think that it is possible for everyone because you will need to handle in allot of them.
You will have to invest allot of money if you want to be able to to that.

yes mate if you really looking to earn to make a living you also needed to have big starting capital since you will not always earn  big unless you have good deep understanding from the project you are supporting with, a lots of things to consider but very possible me i'm doing it by now because i got good entry coming from an ico coin which deliver big success i got 3btc to start and for me it can make some good earnings from time to time.

Trading the altcoin could be good as long as the price of the altcoin and the bitcoin rises in the long term.

you're wrong, I don't think it should be started from a large capital. even, completely with you don't have capital it can earn.
to be honest, when I first used bitcoin, only hunting free bitcoin. until eventually I joined a signature campaign and get enough results. After a few months I collect. then I tried to learn a trade, indeed in the beginning I always lose. but in the end I was able to make a living from it all.

If it is just for earning then I am good with it as long as alts are fluctuating. With the bitcoin just slowly rising I dont think of it much. I would be better off creating more through trading to expand the number of my bitcoins.

yes i have the safe thought for bitcoin, i consider the income of bitcoin as secondary income and not going to depend  on bitcoin for living. there is no doubt about this that bitcoin give me a good profit but still i can not depend on bitcoin for living.

Soo you able to trade and live from those, its amazing to know someone doing such, usually when i try trading i join on the wrong moment into the pumping and dumping moment, soo i avoid it, i do make small trades while in a while, i dont have time to be looking at those coins news all days.

Yes I agree. When I was doing some quick reading about trading I realized that you need to focus on the dollar amount when making a trade. So that would mean that you must have a decently sizable starting balance to make it your "job". Doing so with a small balance would be a waste of your time if you intend to earn a living out of it. It is better to have a real job and trade only as a hobby.

It is possible to do that but you will have to have allot of Bitcoin or a other crypto currency to make something like that happen because you will have to have allot if you want to make enough money. I know that it is not going to happen with me.
I am just doing this on the side next to my job that is the best way of doing it. 

I agree with you, if  you have lots of  bitcoin and  altcoins  on investment maybe its possible  but   not all people  do possess  huge amounts of bitcoin thats  why its impossible to make a living  with it  on trading. Same as  yours  i would treat  trading  as a side  job for more potential  profits on the long run.

Earning a living from crypto currency maybe but i think we need big capital for we to earn big and we have a big profit to get if our capital is big. Trading is good way to earn money because you can double it your money in short time. But if your capital is small i think its hard to earn a living if we have get a small profit.

Is it realy possible to earn for living just from crypto trading? I know that depends on someone's needs but stil that requires a lot of invested capital and, lot of invested time and efforts for not so much profit and constant possibility for loss.
Maybe this could be enough only for some extra income.

I believe it is. But you will not earn as much as you would compared to bigger markets like stocks and commodities. There is more money moving around and changing hands over there than in cryptocurrencies. Maybe that is why there are not many professional traders doing much cryptocurrency trades yet.

There is also the questionable nature of the legality of the whole thing. A lot of people will not touch cryptocurrencies because they are fearful that they might get into legal issues.

You will have to have allot of them if you want to make sure that you make enough money with them so that you can pay your bills and get food on the table.
I do not think that it would be possible for me and that is why I would not do it.

At this moment I do not think that it is possible for everyone because you need to have allot of Bitcoin so that you can sell enough and make enough money with them per month.
I do not have much Bitcoin so something like that would be impossible for me to pull of.

I agree, you will have to handle in allot of Bitcoin to be able to make enough money from it so that you can pay your monthly things.
For me it also would not be possible but I do not mind that at all.

there are many of people can a living from bitcoin
if you are have a skill in trading and you can get a lot of money from trading.

Exactly, most of the traders that as a lot of experience in trading already are the ones who are earning great amount in it. And for those beginners that are getting inspired to earn good with trading then they just need to study first, learn and research about the things in trading and be familiar on how the market of trading cycles.

For me it would not be possible at all to be making a living out of bitcoin only because I am not making nearly enough bitcoin to pay for everything I need to pay for.
I like doing bitcoin on the side because it also acts like a hobby and I do not want to rely on it.

The bitcoin invstment might be too later for many of us. But the altcoin investment can be good if you can pick up a good one.

I agree but you can use bit coin as tool to augment your earning or income. Like for example in trading and in signature campaigns. Of course it is not reliable as a main source of income, just consider it as part time work.

Yes making a living out of crypto trading is very risky.One should not take it up as full time job.As a part time it is good additional option of income but only if you know how to trade

I am making a living with cryptocurrencies and I am proud of it.  I also have a job so basically, using bitcoin is my part time job and it compensates me a good amount of money.    I never tried to do some trading but I am open to it.  It is also because I do not have enough amount of btc.  I just earned through posting with signatute campaigns and yhe salary is fair enough. 

i have found out that there are so many different ways to trade different methods and there are just as many things to trade too and all of them have the potential of becoming a good profitable method of making a living for you.

but only if you are good at trading and if you are willing to spend time staring at your monitor all day long.

Yes if you trade with full details about the coin and have full patience and trust on the coin on which you are going to trade then you can surely make profit and earn for living, I am keeping daily update of the altcoin announcement section as i have seen lot of coins are coming with new features and giving out free bounty coins if we properly play with that free coins then surely you can earn for your living, some time some coin give you jackpot which will earn you for so many months revenue in that coin itself.

I think in order to live you must have a fixed income so that you can pay for the purposes of your life each month, whereas in trading you do not receive a fixed income

although there are so many people who are depending on bitcoin for living, but still i like to say that you must have a permanent income from which you can fulfill your necessities, and consider bitcoin as secondary option for making money.

There is an opportunity as well a problem, because the potencial earnings are as well potencial loss, there is no way to bitcoin have sure of anything, with that said its very hard to get or make a life from bitcoin and worse is to try with trading but its an option.

The ZCash is being launced today. If you can buy some cheaply in the next few days, it could make some profits.

That is what i am doing for now i have an legal work outside and bitcoin is just my hobby since i can't trust my future on this coin aswell as i really make sure that i will not get compromise and have job to really on in times that bitcoins will fail nor i don't get any income from it on weekly basis, and cryptotrading is good source of profit but not an ideal one to really for earning to get a livings, 

Its better to have that two so the earnings is double when salary and bitcoins payment time will colide.

Well one thing its true you must keep with your job, because today we are with an extra source of income, and tomorrow might be a dark day for crypto world, anyway there is a small number of people able to make a living and proof from the trading, that looks easy but has a lot risks around it.

All it does it is likely to happen, but it was all caused by the users of the bitcoin or crypto was tired and do not want to use the crypto. Something that exists in digital mostly destroyed or lost because its users already do not want to use it again and move on to something better and more special. And all you say is true, but if they've been able to find an income guarantee life in the digital world so it is better to focus on the digital world and seek money as much as possible after that investment

Agree that this opportunity in Cryptocurrency like signature campaign is an extra source of income to earn in bitcoin also with cryptocurrency trading or other online activities which involved bitcoin.A job is a main source of earning that should not be stop unless you have a  other stable income than can give you more than your salary.

I thought to live in the world, you must have a job that gives you a fixed income, to pay for daily necessities, while trade does not give a fixed income?

Unless you are a professional trader. Otherwise, it is better not to trade to make a living. It is not reliable.

I do agree, trading is so unpredictable and you can lost a huge amount of money in a short time, and even a professional traders dont't earned profit everyday, i think it will possible to earn a living using trading but the risk is a bit too high, i think a usual stable job is better than rely on trading

I think the trading strategy and techniques you can learn that, trading unlike on a gamble, you can live with trading, because a friend of mine to do that, he has the skills and he can benefit easily

Who is going to guarantee that those contracts will be completed?

What if both btc and ETH prices colapsed=the hedge is worhtless?

It is possible, but cryptocurrency trading is more risky i think. It is not regulated,pump and dump are common. Yes, you can earn a living in cryptocurrency trading and its easy for someone if he has a big capital. It is just like a play to them.

We can really live when we have a good salary or income stable either in cryptocurrency there are lot's of option we can choose trading there are lot's alternative coins where we can choose to trade or grow our bitcoin , Also in gambling if we don't feel trading to day or feeling lazy we are going to gambling to earn more extra bitcoin taking risk to make grow our bitcoin.

options trading is diference margin trading
option trading same this gamble, example site is secondtrade so same very high risk in gamble very dificult can get constant profit
cryptocurency margin trading same trading and equal forex trading , can trading use leverage