Bitcoin Forum

Hi guys, i just want to ask, How can i earn huge amount of money using Poloniex? Just a newbie here in Bitcoin trading.

C´mon... read a little before asking the questions. And make them a little less open. No one here can give you a full lesson/advice/opinion in a single thread.

Poloniex as other exchanges experience problems so go there at your own discretion.

What worked for me at the begining was using a feature that allows you to lend money to traders inside the exchage. It´s calling margin trading lending. You won´t get rich from this but it will allow to spend some time around the exchange looking at  how it works, reading the charts before puting you money in trading your self and loose...

The rule is really basic, you must buy low and sell high in order to make profit. Taking poloniex as your exchange platform was a very good decision as they are secure, good limits and the highest trading volume and the most supported coins so you have a lot of possibilities. I advice you to invest into coins that exists for a reason and has a bright future (check the team behind it, the development, roadmap etc.) and not with pump-dump coins because these can end up badly.

Why was this thread even here? I thought it'll be better titled "how to trade?" And placed on beginners and helps or maybe trading discussion? As this thread is basically asking for tips and not discussing an exchanger's service

;D Poloniex is just like forex exchange platform where you have to first invest some bitcoin to buy altcoins and you have to hold them for short to long term to sell it at higher price than at which you have bought them. But you need to first build trading skill with low amount of bitcoin and than gradually you can increase your investment but you can also loss all you have invested if you don't know what you are doing.

so first learn about how crypto trading work, buy some bitcoin and start trading.

In terms of earnings, particularly in trading whether the exchange was Poloniex, c-cex, bittrex or etc. You must use your exploration in learning into something. You must exert your own effort, and time for this matter.
If you want big profit, of course you must also invest big capital for you to achieve it. Try to read most often in bitcointalk forum.

poloniex is just a platform that is offering some services, using those services only if you know how to you can earn some money (or more accurately earn bitcoin).

those services are trading, margin trading and lending.
each of these are different and probably lending is the easiest one.
but what is most popular is the trading part. for that you need to learn it. trading may seem easy and profitable from outside but trust me when i say it is not. it is hard if you have no experience and you will lose a lot of money if you jump in without knowledge.

start reading this board, tradingview website and investopedia. and then start watching the price movements for a while, you'll learn everything in no time.

Seems like a spammy thread. Anyway to answer the OP, you just need to buy low and sell high. Its the basic principle of trading. Poloniex is the same as any other stock trading market. You can get tips from actual trading experts and analysts but their experience may not apply to crypto trading. They say time goes 5x faster in crypto trading.

Sure, lending is the easiest one. There's very little analysis to be done. But it also is never worth the 3rd party exchange risk. The gains from lending are generally paltry compared to the gains you can make from trading. The 10-baggers and whales made in altcoins are the only reason to keep any bitcoins on Poloniex. That exchange is a ticking time bomb. The complaints of missing deposits/withdrawals go back months. If it doesn't go full-on Cryptsy, then it might be in hot water with the US authorities because it isn't licensed as an MSB...

Poloniex is more on a altcoin trading site and you can earn huge amount of money using poloniex if you know how to trade altcoins very well and if you are an active trader because active traders has a higher chance to earn huge money because they can easily observe the market of altcoins. In fact, you can also use other exchanges because they can help you to earn money also by doing arbitrage and other kind of trading.

On the Polonix most beginners lose money, but do not earn  ;D ;D ;D

you can get earn in poloniex
1 trading, you buy altcoin with low price and sell in high price
2 you can lending youre coin without trading you can get earn

How to earn 'HUGE' amount of money while you are a noob ?
and you want to use Poloniex as an exchanger for doing a trading ?
well,
all i can say is 'you will not get what you called 'HUGE MONEY' in there'.
because in there a lot of newbies will not get profit instead will get loses,other than that also that exchanger doing a shady activity,
so,who knows what will happen to you after you're depositing your account ?
just trade in a normal exchanger out there,such as Bittrex,Kraken and other exchanger.

doing trading it's very risky and doing it on shady exchanger = suicide

poloniex is exchange site and only tool how to trade and making money but the results is depends on your skill how to trade and making profit so rather than expect makes huge money from trading i think you have to learn the knowledge first because in trading it could very danger if you have no skill and knowledge

I don't think anyone will be able to give you a straight answer, even if they wanted to. Everything has risks, but for me, the option that seems to be working best, is their lending option. If you have a decent amount of BTC you can win a lot, but even if you don't, given the BTC price, I think you can have some decent profit out of it, if you manage to get decent lending rates.

Yes, it's better to learn the basic things in trading or have someone who can teach you the last is learning while doing, trading at random without anyone guiding because for the newbie it's like you're walking around a trap.

Poloniex is just a crypto exchange site and you just have to make trading there to earn a profit, that way you can earn money from trading you have done in poloniex. You will not be able to earn money in poloniex if you do nothing there.

Exactly!

I think polonium allows the user to set a benchmark to trigger the transaction. Anyone tried that yet? Any feedback?

Haha Poloniex just is platform exchange helps trader can easy starting exchange and earning profit from buy low, sell high. However they still give professional trader a opportunity trading margin earning profit from any trend (bear or bull on market). You can read more detail in their site for understant this type trading.

If you take attention to coins which are just on hype, you could earn good interests on lending.

I just found that you are a greedy person. You are just a novice, you should learn many things, make money is not easy. And the "huge" money is something you should not look at. Learn how to earn "some money".

I agree with you. Beginners often make mistakes, trying to earn a lot of money at once. This is impossible or very risky. At once it is necessary to learn how to trade small amounts in order to feel the market

You have learn about trading. Do some small trading, have to make some experience and profit(for growing your confidence, may be a little amount ) then when you become a pro wait for the right time invest big amount and earn a huge profit

If you do mean Poloniex then you should really do the trading thing since its an exchange site and one of the most reputable as of now but they still have some issues as of now but well going back in to your question.Making money on that site would really be possible but you will still need money in able to get money since you do need to purchase coins and trade with it.Buy low sell high, sounds easy right? But that would really be the hardest things,im not discouraging you but you should really be prepared before you decide on doing trading on that site.

First of all. You need to fix the title of your thread. If you know the essence of trading. You will know how to earn huge amount. Trading is an action engaging in trade or buying and seeling goods and services. Obviously, Poloniex is an altcoin market which you can able to trade not just bitcoin, but other available altcoins availble on that site. Basic knowledge for trading, buy low and sell high. Trading is also risky mate. You have to risk something in able to get good profit in return.

Anyway, in Poloniex. You can also offer loan to users who wants quick loans. Here, you can earn with the interest in the loan that borrower take.

You can't just earn huge money through polo, or bitt or any other exchanges unless you get information and experience in trading. Read threads and watch youtube. All exchanges are pretty similar so once you get used to trading, its not only polo you'll be earning from

Buy low and sell high. And beware of pump and dump.

It is better to be familiar with the crypto market before you start with real Bitcoin.

beware Poloniex, u have to search about their "awaiting approval"'s problem.
Deposite is no problem, but withdrawal is almost impossible.
i know its not happen to all accounts, but its more often now.

U cannot contact Their "Support Center", u just can make a ticket there, but they reply it with autoreply message.
Be Careful !!! The problem maybe pending till a few months.

support ticket #376764

sorry for my bad english.

To get huge amount from poloniex you do trade. though poloniex is an exchange site so only one thing here for getting money. that is tradding. you must more experienced and need some research capability. then buy a coin low rate then hold them until l you will get a huge profit. that is the  only one rule is very simple.

For beginners, I suggest not to trade in poloniex.
Some good potential altcoins are found in bittrex exchange.
Price movements are not too fast but profitable. I think it is suitable for beginners to learn trading.

first of all , stay away from poloniex, use Bitrex is more better.
second, buy some btc then pick up a good altcoins to earn more btc ( buy low and sell high ).

Read about crypto trading and not just follow buy low sell high advice. It is not as easy as it looks like. You might lose money rather than gain if you barge into trading without proper knowledge. Good luck.

Poloniex is easy to use simlpy transfer and kind of coin/tokens to poloniex then sell it (Depends on you if you want to hold/sell).
Then transfer it again to the wallet that you can withdraw the money.

To start please hold your money first then survey it trading is not a joke,game or investing that you can earn a huge money.If you like you can start in ETH,LTC,Antshares

Avoid poloniex currently at all costs. They are having heavy deposit and withdrawal issues. They are too lazy to hire even more support people. Have over 200k tickets in backlog. I have a deposit stuck for almost 2 weeks now.

I will keep warning people until they have fixed their website. They are not even reachable on Reddit or anywhere else. Only when their security is at risk they respond 123 but tickets they ignore.


Bittrex is doing a lot better currently.

greediness can cost u a lot...when u think of huge gin think of huge loss too...the best way is to understand what you doing in a bit by bit trading and familiarize your self with all the risks then u can move from there...even so let it be more of a hobby first

Lending is for newbies and very very amateurs only. A system where you earn money fromt the air is not good, and your capital is not guaranteed in lending even you're doing it on reputable exchanges. Avoid using it. And poloniex has some problems for sure, I moved my funds from poloniex to other places.

Ha ha
You are right. Poloniex is for whales only. People who have little capital better not go to Poloniex, I think they will just throw the money there.
Very worried, better Bittrex current and suitable for newbie.

Because you're new to how much you really hear and see POLONIEX is a trading site here you need to invest and buy Altcoins and it's possible to trade btc at a great price you can earn here especially if you buy Coins that suddenly pump up the high 100x buck of your investment back and because of this they are very rich. There's also a lot of losers and winners here that you just need to know and if you come in here it's better to know more because you might have a side with what you do