Bitcoin Forum

Is there anyone here that is making money full time in the cryptospace?  If so, can you help guide with below questions?

> What is the minimum investment a newbie needs?
> How do you select an investment?
> Do you HODL or day-trade?
> If you day-trade - how do you pick a coin that is day-trade worthy?

Thank you in advance for your time and help!

There's no minimum investment, invest what you can or afford. I started out with about $500. I raised that money for months. I didn't diversify, but of course I've done my due diligence with the project and then I bought. I experience being down 50% but HODLed for months. Cause I didn't want to sell at loss, and it exploded and the same time bitcoin is rising, so it's like a life changing gains. Then I started trading, day, swing and long and diversified a lil bit. I've managed to outweigh my losing trades from my winning trades, lived through the volatility throughout the year. What a great ride, way better than 9-5 job.

I'm trying to earn a living from crypto, tired of working. My plan is to find a masternode crypto that is still in it's earlier stages so that i can buy in really cheaply than in the future when it increases in value and i have my masternode up and running i will have a decent fixed income. I have been scouting all the new masternode coins for a few months.

If as a beginner I focus on collecting coins first, because it does not have a coin if you want to invest or want to trade can buy coins first when prices fall and sell when prices rise so that it can profit.

It depends on how many are you willing to lose.


Research, about who are behind the project, what projects they did in the past, how good is what they propose, ICO? support? is there something new on what they propose? etc etc etc in the end, everything related to the project and his owners.


It depends on the project and how things are going on.


Checking the news about it and looking at graphics could give you an idea about what is going to happen, keep in mind that obviously there is nothing 100% sure.

1. I suppose 500-1000$ will be enough for beginning.
2. Make deep fundamental and technical research.
3. I have both portfolio for HODL (30%) and day-trading (70%)
4. First of all I'm trying to find releases, exchanges listings and so on. After I use tech analysis to find the entry point.

P.S.
If you are newbie you should not try to be trader. Just use HODL strategy. And do not invest all of your BTC into alts ;)

I do live full time on cryptocurrencies. I spend 4-5 hours a day. Mostly doing day trading, let's say 70 percent of the portfolio. Rest is for long term which means but and hold.

Day trading is not really advised if you are a newbie, you will most likely lose money. You can maybe start with a small amount and improve with time.

Find good projects and hodl is a better way to earn money

I do trade but on a mid to long term basis. But I will try to help you out.

For a newbie a small investment is better than a big one. There will be losses and you will gain experience from your losses. To prevent those from being too big I suggest newbies to start with small amounts before thinking of something big.

Depends on the coins developers and the idea that they are working on. If its unique and the team is real and workign hard then only I invest. However this decision often tends to be a gut feeling which is right or wrong in 50% cases.

 Mainly I HODL specially for bitcoin, ethereum, litecoin and ripple. For other ether based tokens that seems to be slowing down development I tend to sell 70-80% , get the profit and hodl the rest.

I dont day-trade so I cannot answer this question.

I am now into full time investor in Crypto currencies, however I still spending some money in buying. In the first I losted in scams, but at this time gaining through trading, I would suggest you spend little bit in much programs that are genuine.

Never put all the aggs in one basket as they can hatch all in once at a time.

good question! this is something I have been thinking about for a while
I am working a day job and im not considering giving it up for earning from
crypto, i think its just to volatile and I tried trading but didnt make any
massively noticeable gains from it.

I would imagine to make big useable gains there would have to be a big
amount of investment . . .

I'm not but working part time and the rest of the time I'm investing in Crypto currencies. Invest in new and up and coming alt coins and convert your earnings to Bitcoin where you will hold until your desired price.

I agree with this 100 percent. If you are a new to it, I would just buy and hold in the beginning and not put any significant amount into trading until you become very comfortable and well versed in the charts. It's a very easy way to spend a lot of time in front of the computer at the expense of your social life and still end up losing money. Saying that, once you are comfortable, it can be a great way to make money quickly. Very high risk when you are new to the game.

Interesting question and no, personally I am not but I know of internet people that do!

> There is no minimum investment for a newbie, just put the amount that you are ready to lose
> I select investment by doing research and after looking for reviews of other users or investor of it
> I do both so i will not waste any of the opportunity for those two
> I pick the coin that has a high volume so i can take advantage of the fast trades and make a little bit money from day trading

I am not a fulltime in cryptospace or here in bitcoin i am just a part time but for me part time and full time is same because i am full time in work in the morning and in the evening in cryptospace or bitcoin the most important as a bitcoiners was patient, always happy in what are you doing.

In term of investment there is no minimum evem thou you are bitcoin or not its up to you how much you invest.
Choose the best and productive to invest.

I think you have to have a p start... somewhere, buy some coin and get into it. I also have livestock, initial buying expensive (hic) as being green but was able to get some good beasts which are now producing - some have turned 1000%. i am willing to have a go, but it also depends on the big river - how much currency do you need to survive ??

HODL - ? longtermish
money still needs to flow through your hands (to survive)= currency

I'd love to do this but it's difficult to find a masternode coin that's still cheap but has some kind of confidence.  I know with confidence will come the price but dropping $10,000+ on a masternode that could die over a year is a bit too risky for me.

i am not, and i don't think if anyone is really doing it is going to come out and give you numbers, publicly!

and you shouldn't even ask these questions about specific "numbers" either in my experience.

if you want to really start living full time on cryptocurrencies, aka by trading them, then i suggest starting small and starting now. start trading, investing or however else you already know to earn money. invest  a small amount of money. a couple of hundreds should suffice.
then after a couple of months (6 for example) come back and reevaluate your performance in the past months. if you earned enough profit (%) to be satisfied then go bigger an go full time.

otherwise just have it as a secondary option, you'll sleep better at nights. trust me.

I am not living full time on crytocurrencies. But i can answer your questions.
- There is no minimum investment for anybody, its upto you that with how much amount you want to take risk because its a game of risk.

- For good investment you have to go through with the details of the project, idea behind the project, team, ICOs, etc, etc.

- Till now i haven't invested but my friends are continuously making investement and they mostly go for daily-trade , may be around 60% and rest 40% for HODL.

- For day-trade you have to see the graph of the coin that how the coin graph is going recently. From there you can have an idea that which is worthy.

This here says it all, experience is the best learning skill when you go for trading. Just follow what this one has to say and you'll be a great trader in 6 months or so.

I think it's nice to dream about becoming the Warren Buffett of crypto, but I don't think that will happen without a sizable initial investment and lots of time to get very in-depth with different markets.

Personally, I gave myself a couple hundred dollars to start playing around with and see where I could take it. If I lose it all it won't hurt me, but if I manage to do well I can continue to trade and invest without adding more of my income from my "real" job until I feel much more comfortable. I think with enough trading savvy and maybe a little mining on the side I should be able to grow my investment and increase my spending money, though I don't see quitting my job to do this full time as a viable option.

Not yet, but I will be getting all of my income exclusively out of working with crypto in the near future.
I have a job offer waiting with a start-up that will bring a form of crypto-currency to certain countries in Africa.

Apart from that I do earn a little bit from investments in Bitcoin and some altcoins, but it wouldn't be enough to live on.

Also signature earnings, but that's barely enough for anyone to live on :P

I not live fully on cryptocurrencies. But I know few people and heard a lot people that receive huge money for this year.
So many crypto rised this year like 1000-2000%.

So. The idea is to invest in many cryptocurrencies and in next global pump you can be rich and then you become full time!

If you have enough money to invest. Atleast 200$ minimum. If you want to invest make sure you don't go on a ponzi scheme site there are a lot of them on the internet better invest that in bitcoin then go to trading sections. There you can learn the basic strategy on how to get profit in trading.

There is no such thing as minimum and maximum when it comes to investing. The only limit is your willingness to gamble. And how much you can afford to gamble.

Well, in the crypto world, you can either go with the well known and get a bit sure profits, or go with ICOs. Niw when you go with ICOs, the most important thing to consider are the developers of the project. Search about them, and if they hapoen to have bad reputations or feedbacks, then turn a 180degrees away from the ICO.

I do both to maximize profits.

I look at the charts and trust my gut feeling.
It is something not teachable, can only be learned by experience.

-hope this helps.

I'm looking forward to achieve this. Of course it takes time to understand which are the actions that make you earn money and those which make you lose it. But that's life.

Yes me too. I'm looking for ones that cost $5000 max. There are a few that are around the $1000 mark but they would need to increase a lot in value to be viable. I was looking at chain coin, linda, crave , desire and a few other newer ones.

The only way this would be possible is by day trading. Which can be very risky in the market of alt coins. I wouldn't recommend if you know nothing about economics and trading.

1. No minimums. You can literally start with any amount you wish, especially if you are buying coins to hold for the long term. For instance doge is only worth around 19 sats per DOGE right now and it's easy to rake up 10000 DOGES for like $15, yet still be able to make a decent profit.

2. Experience and common sense.

3. I hold. Day trading takes away too much in terms of fees and time.

4. Something that is constantly volatile or you are able to trade the spread since it is static.

I am not a full time trader yet but I would say only invest what you're willing to lose. Selecting investments would mean you need to look at the project, whitepaper, figures, road map, team etc. Some coins are for hodling and some can be used for day trading. For day trading keep an eye on whats being released onto exchanges, watch some specifinc ones everyday and see  how it rises up and down. Learn how to use the graphs to your advantage (something I have not learnt yet)

I think majority of the people here are making money also full time in this cryptospace and I am one of them. The minimum investment needed for a newbie depends on how much he or she can afford to lose but I recommend small amount as a starting point. Selecting an investment needs time and effort in making intensive research on a specific investment you are into most especially in altcoins and ICO's but If you invest in coins I suggest the top ten or top five on coinmarketcap. In my case, I do holding coins mostly top five altcoins. Since I don't give a try on day trading maybe you can ask for help on other members here in Bitcointalk and there are really lots of pro traders here.

I know of someone who started with 2000 USD back in 2013 and has made a living trading cryptos. Now this guy has over 1000 bitcoins and is super good with charts. What i have learned from him is not to get too greedy and take out profits in time.

I would suggest finding an altcoin that will goto the moon, something with at least 10x gain potential.

Put as much as you can stomach in the initial buy and hold. If it does go up 10x which many do, pull the funds out in dollar or whatever you use in your country. Pay your taxes on it and then roll the gains into a mutual fund with dividends.

Then use the dividends every few months to buy more crypto, and establish a long term / short term fund. And start dollar cost averaging back into crypto.

This is not trading advise, make your down decisions.

> What is the minimum investment a newbie needs?

For starters, I'll advice to invest for about $50 to $100. The reason for this is having a flexibility on scattering what you invest and not just focus on a single alt coin. If you are going into an ICO (initial coin offering) then the same rule I created also applies, add to the fact that if the ICO is very very cheap then you should be able to buy more.

> How do you select an investment?

For trading, I just don't rush and buy when a certain coin is going down for a few days, I observe for at least a week or two, much better months and be aware for the news and whats going on into the crypto world as such factors must be behind the reason why a coin is going down.

If going to an ICO, I research first the capability or resume of that development team (achievements that they achieved and past succesful projects), if not available or lacking of info then walk through their roadmap or whitepapers so you could feel or have a hint if the dev team is really serious about their project.

> Do you HODL or day-trade?

As per my past experience, I prefer HODL rather than day-trade. My simple reason is when it comes to day trading, the increase isn't really enough for the profit I'm looking for also you'll also be spending for the transaction fees which might affect the profit or much worse is rather than gaining you are at a loss.

> If you day-trade - how do you pick a coin that is day-trade worthy?

Like what I've said earlier, day trading will only be compatible, if looking for a small profit. A day-trade coin worthy are known ones which charts, graphs, stats are already available so you can read or monitor them when is the right time buy or sell. Lastly, a coin when there's too many activity (buy and sell transactions).

That's gonna be a different story if people keep comparing themselves to an early adopter ,
5 or 8 years ago was a golden opportunity to make a non sense investment which can turn your 1,000 dollar to 6 million dollar ,
Now you can only regret it , but don't worry , if you have some skills like selling digital stuff around intertnet and use bitcoin as payment processor , then i think you can make a living with bitcoin by consider it as a currency and spend it in your business transaction.

> What is the minimum investment a newbie needs?

There is no "minimum", it's not like stock brokers where you need a minimum of e.g. ten thousand dollars to open a broker account. That's one of the beautiful things about cryptocurrencies, anyone can get involved as much as you can, you can invest one dollar or one billion, it's up to you.

> How do you select an investment?

Researching and reading whitepapers, search on Google for ICO's - you'll find a list with upcoming projects. Make sure to check each of them and see if the idea appeals to you, if it does, dig deeper into it and read the whitepaper / ask questions to the community and founds about the project.

> Do you HODL or day-trade?

Hodl for your life.

> If you day-trade - how do you pick a coin that is day-trade worthy?

I don't day trade.

Did you mean here in this forum? If yes, the answer is no. Forum is for free. You don't have to pay anything.


I make sure that the investment i joined is not scam. On ICOs. I always carefully study their whitepaper, roadmap and developer team. Just to be sure that the investment i joined is a legitimate and not scam ICO. I avoid HYIPs. Theyre all scams.

Im more on HODL that day trade. Because it's safer than day trade. Im a student and day trade needs a lot of attention. It's time consuming because you have to monitor everything to make profits. Im holding some IOTA on my bag right now. Im going to keep it until next year.


Well, i usually looking at the news. It's very helpful tool and give you idea what altcoin could possibly pump in the future.  Also i have joined a group from telegram which gives me signal what altcoin is good to buy.

I also want to work full day. Maybe even leave with my current job. At the moment I work as a pharmacist, but bounties bring me more money. So, that's worth it.

It seems to me that it is not necessary to leave a permanent job. Yes indeed you can earn income from trading on the exchange more than the basic work but we should not forget that those coins that you earned someone lost. Why do you think that you'll never those who are losing coins?

I might one from them. Because my source income entirely from internet. Trading crypto & forex. Money that i have invested about $ 1.2K and got 4btc. Until now, my btc still remain, because i am only cashout the profits.

To me your question is kind of like "anyone here living full time on casino winnings?"
I guess you could do it.
You might be one of the lucky few who make it but my advice is keep your day job.
Or at least have a second source of income.
Remember, the house ALWAYS WINS.

The minimum investment depend on the capability of your pocket, the bigger the better. You need to investigate and research in order for not to lose your initial investment. I consider my self as a hybrid trader because i trade in a weekly basis and hold some profits. I usually trade the coin that i already own. I trade it to accumulate more. One key to not to lose is when you buy a certain coin make sure to get your initial capital if the coin pumps, you can also get some profits if you like. The remaining coin will be your profit and you can now play with it, remember that your capital is already in your wallet and no need to worry even if the coin dumps.

Just like any business. Make sure you can cover all your personal costs for 6 months without relying on any profit. If you dont you will make poor deccisions garanteed.

It has been a month I decided to quit my job and earn money from cryptocurrencies. I trade at hitbtc, etherdelta, bitcoin.co.id and work as bounty hunters. Trading give me daily income and bounty rewards from signature campaign gives me huge income. Now, I am full time cryptocurrency earner. it is much easier to earn crypto now because trading new tokens are profitable if we learn the token completely. How many total tokens are, How much is ICO price, and what exchangers the tokens are listed. Buy when the bounty hunters sell at low price. and sell when the price pump. It gives me 50 to 100 % profit.

If you so clever please say something about project that you participating: https://hazza.network/
Is this good project, do they have great team? When will be ICO? If I have time to participate in signature?

My greatest project Snip almost finish, so I need soon new signature campaign.

Wow! I have been able to learn a few things from this thread. Nice  ;D

I do think crypto are like poker.
You have to be really good at it, and treat them professionally.
This involves studying a lot, doing a lot of research, and obviously, losing money.
You will never be always profitable, but if your profit are more then your losses, you can do it.

However trading crypto is crazy. It's so volatile this market that is like really gambling stuff.
Now I do have 10 cryptos and all for holdin, i'm not much into trading also if next month I will have a few courses about it to learn more.

I am not a full time person on cryptocurrencies actually but as i see there are quite good advises here which can help about your questions.

Read up, look for promisiong project, I'd say go 60% just Hodls try to start trading the other 30% on either alts you still believe are good projects but see posibilities to make a quick buck. You could star margin trading BTC little by little till you build up some confidence.

Living full time on cryptocurrency requires you to have some pretty good skills and even at that you just have to be patient at some point cause they may not really come in handy as much as you would want.

However, for trading, most especially day trading, it is something you can make some pretty good income from if you have the knowledge and some funds to invest. I do some services in the crypto world and also trade as well, which has been pretty OK.

Great job opening this thread. I've read a lot of good and helpful informations.

For now, I'm investing in crypto amount I can afford to lose, been thinking about going full time on it, but I really think I need some more knowledge and practice to make living out of crypto trading. So my advice if you are going to do it for a living be sure to do you homework and learn about it thoroughly.

Best of luck out there!

From the question OP have asked about day trading, and about picking a coin, I am pretty sure it is not something he would want to delve into without learning and from that question I am sure he is a newbie to trading.

It takes some technical analysis to know the coin you want to trade and some pretty quick decisions if things are not going the way you want it and all this can only come with learning.

You can lose as much as you want to win in trading, so it is something that you will need to treat carefully and look for resources online and most especially on youtube to learn. Start small and grow some experience too, don't rush into anything until you are sure.

Never day-trade if you want to be rich in crypto.

Me being cautious I started trading with $100, invested waiting till I made 25% then took my 25% and continued this way. Now in a healthy profit and enjoy trading in small sums right now. Hoping if I hold out I will be trading a lot more in the future

I dont investing would cost a fulltime job. Because only fulltimer altcoiners i know are miners. Miners are the ones who we can say can control the prices of coins. They must see to it that they are mining the right block. Investing on the other hand is just scattering the money and probably experiment 1st before going all in any altcoin we see that is going to give us a huge profit. Anyone and any money can be deposited but you have to gain experience in various sites, before being expert in trading altcoins.

For many, crypto currency is about the ideology behind crypto
 And for some it is for passing time. You can really make huge money in crypto but that been said, your day to day gain may not cover your daily expenses.

It is not advisable that you give full time for crypto currencies because as of now it is not stable. Even trading will not guaranteed that you will earn enough to support your finances. Better do this as a sort of additional income or savings. Anyway with regards to investment i did not put any money in investment here what I use is the earnings I get from signature campaign every time I earn I put it on investment I buy alt coins and hold them for a period of time.

I can suggest few things pertaining this. First of all , plz think about the investment which u can afford to loose as well as nothing is certain in this type of markets. Secondly, plz look for crypto's which are in their initial phase so that you can buy them at a very cheaper price and the qty of coins would be more  and when the same comes into exchange , the results will be known as and when. Third, always do thorough research on whatever coin u choose and also know their product details and how far are they progressing as per their road map & vision . Are they intact with the modus of operandi they have chosen. These are few things which u should look for before investing.

I am in crypto from May.
> I would say minimum depends on funds you can allocate for investments. I would say the standard amount is about 1000 $.
> Just look on coinmarketcap top10, besides MIOTA which is I suppose a piece of shit. Then do some research, look at new projects and coins. Don't trust so much to ERC20 based tokens cuz most of them can end up in the price range 0 - 10 satoshi.
> Firstly I was day-trading without knowledge how to do it. After losing quite big amount, I have decided to start HODLing, broadening and amassing my portfolio.
> NO  tech analysis knowledge - NO day-trade.

I am not clever, Asking about Hazza, Hazza is a good project, the team is also solid. I not only join signature campaign but also invest in hazza project. The project of unified payment is live. The investment platform using eth, bank wire, bitcoin and litecoin. I invest using eth. The ICo will finish on 31 October. I think you are late to join signature campaign. I joined the signature in the first week, The manager is so strict, I got warning and earn no stakes at week four because I misplace post in the prohibited section. In the fith week I got the stakes again, and this is the final week. I hope I can earn stakes until the ICO finishes.

$500-$1000 is a good starting point for a newbie, new projects with great potentials are nice to buy in at the early stages, also you may not be able to day trade as a newbie, but if you can research some good coins out there and be patient to buy some of them when they are down, and wait until they are up again, you can make some good returns.

You can invest how much ever you feel like investing, remember the golden rule of investing "Only invest what you can afford to lose". As long as you don't invest more than that, you'll be able to sleep at night and have an enjoyable ride in the crypto space because it will not affect your financial overall health, and won't be a detrimental factor on whether you're going to eat the next day or not. Always try to Hodl on your coins and reduce selling/buying as much as possible. You first of all pay fees for doing that, and in some cases they are quite high, and secondly you miss a lot of potential by "trying to catch the next wave". Read a lot of whitepapers, especially for the projects you're interested in (read those that you're not interested either, as you might find a diamond in the dirt). Day trading is very much discouraged especially if you're a newbie and have not traded the FX market before, so do yourself a favor and become a hodler. I have experience in investing reading technical indicators, but I'm still not trading - I just hodl cause it helps me sleep at night and I feel good about decision.