Bitcoin Forum

What are the effects of these days dips for you as a trader?

What if trading in Bitcoin was your source of income?

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Then you don't have a source of income.

You make shit tons of money just as you would on the way up. Traders, competent ones, make money regardless of what the trend is. As long as there's movement then there's money to be made, doesn't matter what direction.

The one thing they don't want is endless low volume sideways. There's not much you can do with that.

Hardly anyone cuts it as a trader long term. The really good ones you'll never probably hear from. They'll be too busy and too rich.

I think there are many people in crypto who like to think they're great traders but it's mostly because they're operating in a very favourable market. When prices are moving like they have been the last weeks only the best are the ones making good profits. I've had very good (by my own standards) success since entering crypto but the last weeks have been a blood bath for me because I am not experienced or brave enough yet to profit in such a market.

That is not true, it is very difficult to be able to be a trade in this kind of markets, specially when everything is on red and you can not even make $5 out of the market.

I do not like to trade on those conditions.


It would be good to get back to december and make thousands of dollars again.

Um, have you heard of shorting? That means you make tons of money when the price falls radically. Sometimes more than if it's going up as falls are often more violent.

Why you are thinking about the dip and you are doubting traders who are making tons of money with it?

There's no effect for the real traders whatever is the trend, the market is high? They will earn, the market corrects? they will still earn.

When the market pumps they will take advantage of it and when the dip comes still another advantage for them.

Firstly, your title is so very different from your main discussion. But answering your main topic; as a traders, with this dips, you should look for potential coins, buy more of them and hold them till the price pumps then you will sell. This is what every good traders will do. The main key here is to be alert and be informed because if you are not, you c
might possibly loss your chances.

If you are a trader of BTC and other cryptocurrencies while it being the sole source of income, then I would say that you are actually in pinch right now. With the market that we have right now, even veteran traders are having problems making trades into it while having good profits. The best course of action today is to buy these dips and invest into it. Meaning you will have ti wait and be patient about it. Wait for the bull run to come back and then sell at a profit. Daytrading will just provide you insurmountable losses and will greatly damage your finances. Just buy the dip and let it sit for a while.  ;)

Dips are always good for day traders because they can quickly make some bucks whenever there is small green stick between those red one. Also dips means price will swing between different support points, which is more profitable for day traders than a huge everyday price surge.

If you are long term holder/trader than just keep your coin with you and don't sell being panic at dips.

For six months bitcoin has been my source of income. Right now i have not suffered losses, because i bought it when the bitcoin price was $ 7.300 but i feel like i have saturated because the benefits is not enough for daily needs.
For me that have very little funding in the meantime i will postpone it and prefer to invest long term maybe in the future if the price has started moves up to $ 9.000 i will continue it.

The past two months are lot of fluctuations are happen in the market. So majority of the traders are afraid in the current situation but Long term holders and day traders are make little profit. It is risky investment I am not to involve in trading because anytime profit or loss are happen in the crypto market so I am always safe in the any kind of situation.

I know someone who trades cryptocurrencies for a living, but he also has other business aside from this aspect. As far as I know, he earns large amounts of profits weekly but the amount of bitcoin he risks is otherworldly. In my opinion, here are some advantages and disadvantages of trading as your main source of income:

ADVANTAGES:

• You have the potential of earning large amounts of $$$ in a short-amount of time depending on the amount that you are willing to risks and the right circumstances;
• Trading cryptocurrencies have a broad spectrum of choices, as there are many altcoins in the market for utilisation; and
• The amount that you are willing to risk is directly proportional to your expected earnings.

DISADVANTAGES:

• The nature of your income involves risk. The system can also be called a 'high-risk, high-reward' option as both extremes may be applicable;
• Relying on trading as your sole income may yield inconsistent results as it varies depending on the price of bitcoin itself and luck;
• Once countries implement a law prejudicial to the existence of cryptocurrencies, expect your earnings to be affected; and
• You need to at least have a minimum amount of bitcoin to risk, unlike other methods does not need any investment.

Elliot wave has been working fairly well lately

An experienced trader knows how to take advantage the situation whatever the status of the market, whether the prices are high or low it depends on your plan and on how you deal with it.

When the price is in dip its an opportunity for me to buy potential coins to add in my crypto-portfolio, if this is your only source of income then you have to wait for the next pump.

Understand that you're not just making money when bitcoin is going up.

Trading isn't just profiting off price rises. There is also a possibility for shorting bitcoin when the circumstances suggest that bitcoin may be tanking further. So traders may either be stocking up more coin on a lower price point, or shorting their coins, or potentially just holding it out.

You don't lose money until you liquidate your position, as they say.

Dips happen all the time and are usually a result of the market panicking. Most experienced traders will expect and take advantage of these dips. But it's unwise for anyone to do trading full time as their only source of income, unless they've got massive capital.

Looking at the chart today (https://www.coinranker.net/cryptocurrency/bitcoin) Bitcoin price went up again to $8.300.

Traders who had bought Bitcoin in the dip are happy and the Holders are happy Bitcoin went up.

Well, for me btc-alts trading is my main source of current income. And I'm not worried at all. When I started, Bitcoin was... 300 USD. Even now is close to x30. I have reserves for 12 moths ahead. People can do a lot of changes in they work/habits in 12 months.

What does the dip have to do with anything for any trader. Every trend, whether down or up, can be traded for profit as long as you are a good trader and you know what you are doing.

Do you really think every trader has gone on vacation or to sleep because of this downtrend? Think again! Traders trade on fluctuations in the market in case you are just knowing or do you think the charts are just moving by themselves? And if it is your source of income, you will still be living better and making shitload of money.

You need a bot to perform this on a daily basis.

Get big on good days and low on bad days. keep safe the rest.

Don't fret on missing pumps. You'll coin will be next.

And don't announce to the world that bitcoin trading is your only source.
 ;)

First and foremost, what do you consider a favorable market ? Every market is favorable for you if you have a great idea of what you are doing and you are not just trading blindly. Traders make money in buying as well as selling and as long as this is a trend that will always happen in every market even in every short period of time, traders will keep making money even in a dip. They are all trends and they are not for decoration.

None! Making money just like I would have made in an uptrend as a trader. Trader is not looking for a particular trend before trading; the only difference is that they may just try as much as possible to trade safely considering the level of FUD in the market. Still, the market keeps fluctuating and as long as that is intact, the market is still very good to trade and nothing stops a good trader from making money.

You must be a very good trader to make a living out of bitcoin trading. As it is, having deep pockets and hodling is the only way to make good money out of the way bitcoin behaves. If you're in it, stick around for the long haul as making the right call on it's day to day ups and down is a very tricky business and plenty of people are a few thousands poorer by the day because of it.

Why not if you are doing nothing in life, that’s another option to earn a living. As long as you think you will survive and  most important is you are happy with what you are doing. Others are doing that option so it means it is possible to succeed in life also that way. You just need to have focus of what you chose to do in life if you want to see success. For me everything is possible with determination😊

By relying on it will make us poor since if we just gamble our luck on tradings well provably we will lose all of our earnings and capital since we cannot say that we will always gain with this matter since crypto market is so traitor and It doesn't bother to give us a hint when there's huge dump to come. But if you put a huge digits of money as capital well maybe you can control your lose and gain since you can be a manipulator.

a real trader does not need an always rising (bull) market to make profit. a real trader will find a way to make a profit in any kind of market by only adjusting his strategy to the market and the ongoing trend. so when you say "effects of these days dips" on a trader, it shows that you are only familiar with a tiny part of trading which is buying when price is low but is rising and selling after a while and have no clue what to do in any other scenario.

You are going to lose something. :o
First you are forced to sell bitcoin with low price ,if you are depend on bitcoin for the expenditure.You may forced to sell at price lower than the brought price.Then you will lose the bitcoin,which you may sell with high price in future.This will make you lose money as well as bitcoin by this dip.

He does not understand that any fall has its origin. Even when the price at the bottom you need to invest Fiat and buy cheap coins. After a few days, this investment will yield income. Most people think that in order to make you just need to buy bitcoin and watch as the price keeps going up. Probably these people in my childhood I read a lot of fairy tales and still believe in them.

In general, many traders are benefiting from many situations (like, the big drop, the rise..), because they behave so well, and read, analyse the market with an intelligent way. Then, of course, trading will be a source of income and full job for them.

In addition to that, I do not think that the days of falls on the market will affect negatively for the traders, especially the professional ones, but for the beginners are always affected by changes, particularly in the big fall and they lose a lot of money because of their bad behaviours and lack of self-control.

The concept of trading is buy when the price is low and sell when the price is high, regardless of the difference when selling the important I get my profit I will sell it, and when the price goes down I will buy back. Allright I will say, a trader must have a special way to always see the price movement, in this way traders will always get a profit because all we know with the characteristic the price of cryptocurrency is volatile it will make us get profit.

some people have made bitcoin the main livelihood, because so many advantages can be quickly generated in the world of cryptocurrency.
hmm maybe the impact is a sudden loss. but, if the weak hands are in this position, they will as soon as they sell because of panic.
to be honest, i do not understand with the thread you made and the general question its, this is very different bro LOL!

now a lot of profits by trading there and they make it as the main job, it means many loopholes to profit from every trade where there will be an increase every month.
but there are many who do not believe that by trading like today, I really appreciate those who succeed in trading where they have been categorized as very smart and great people in reading the current situation is not thinking in a single point.

Good traders sell when the market shows sign of a downtrend and they buy when there is a sign of an uptrend. Every trend in the market is an opportunity for a trader, so it is not only about buying alone. The essence of shorting in every market is so that trader can make good bucks from the down trend, so if we are to answer the question rightly, I would say, there is no break for any trader and every time is a good time to make money.

Each trader has his own strategy and algorithm and he never reveals it. A good trader is a trader who profits even when going through a bearish period. It's almost impossible to find such investors or traders without actually manipulating the entire markets. The stock market assholes do it and so do crypto whales. Fucking assholes.

Real, skilled, professional trader would turn market into his advantage any time and he will make profit always, when the price is up or down because he got covered all options. Trading is skill that aquires long time learning.
Every situation for good trader is another opportunity to make money. But such traders are rare and not everyone is capable for this. But only such professional experienced traders can make living from trading and be realy successful.

losses and losses, of course this does not mean that day trade would stop, but should you notice something, even if you are a great expert? the losses are unavoidable because no one has a crystal ball, you can now do a good technical analysis and convince yourself that the price next week will be $12000 and arrive next week you will see the price being 7000 $. so many people prefer to buy and hold for a year. if you look at the profit in a year you do not have to worry too much about increases and falls of prices every day

Yeah.You are absolutely right.Making utmost use of the situation whatever dry it may be.Shorting is done by big whales.But its a very risky game and accurate prediction of market is needed to gain from it and I have seen many people totally getting crashed due to a wrong move in shorting.Its not a kid's game.

Well trading bitcoin or even just holding them if you see the price is increasing by more than 10% you can sell few bitcoin just to get the benefits of the price increase.

Trading bitcoin you just need to buy low and sell high, but not every time the price of bitcoin changes it would be hard to live if your source of income is only trading bitcoin.

You must have an alternative source if ever you lose in trading you can be still live while you are trading in bitcoin


The effect of the dips these days for me is just a normal if you experience the past years ago it is just the same movement of the price except for last year that the price is continuously increasing. So no effects for me what happened to the price of bitcoin, Unless for those people with low temp and sold their bitcoin at the low price and lose.

The good traders are gaining a lot of money for sure

I just buy when I think is low and sell when I feel comfortable (not at loss)

But when I joined cryptos I thought it was a good idea to diversify investments

I have a few rigs to mine altcoins, I put some money on BTC, ETH and another coins, and I'm joining some bountys

I'm not an expert of trading but for sure those people who did trading as their source of income feels the pain in getting their profits. As the market trends are going nowhere it's difficult to anticipate a good strategy. I respect them as always, I know they can find ways to overcome this difficulties.

Traders are making money whether the price is going up or down. If ever you are only making money when the price is going up then maybe it is time for you to find another source of income because price would not be bullish forever. There would be dips and if you only depend on it and you cash out then you have to spend more coins. If ever you intend to make it your only source of income then it is time to study how to short because you will be out of income when market is bearish. If ever you are trading or holding when the market dips then there is no income to be made so you need to have other sources not related to crypto. Build a business perhaps or find a job.

Making wise investment on different altcoins and ICO would benefit you a regular income in trading, trading only in Bitcoin or any other altcoins without including best ICO would be a up and down situation. There are people who earns more money in ICO when crypto market is down. The risk in ICO is finding a good and potential project and not all the ICO are successful. Research and decide on this.

Says who? A lot of pro traders are living on trading and that is actually a very good source of income as long as you are good and you know what you are doing as a trader. Every trend in the market is a good time to trade and it is not like you will just go home to sleep and expect cash to rush in every now and then without making some moves on the market based on the present trend and fluctuations.

You cannot underestimate the potential of trading and particularly about bitcoin trading as it has lower risk comparatively when you opt for passive trading kind of holding approaches. Like company shares, simply holding may fetch you some surprising benefits too in long run.

Of course this is a problem, but you still need to study huge amounts of information and look for promising projects. To stand still does not make sense, because nobody will do this job for you in a qualitative way.

If the price is continuously going down that doesn't mean traders cant actually earn money from this. There are small increases of price of 100-200$ a few times a day and that is enough to make your daily profit if you are good enough to choose the right time to buy and sell(it is just an example). A good trader is always going to be in profit, doesnt matter how the market goes up and down because he knows how things work and when is the right time to invest or wait.

It's very stressful, almost impossible if you have a real family

the factors that influence when we trade bitcoin when the price rises or decreases so we must have a strategy In trading Bitcoin we must have a goal so as not to be confused, because sometimes beginners especially Bitcoiner Idealis often confused must collect Bitcoin or just chase profit in selling Bitcoin. If you've decided to become a Bitcoin Trader then sorry you have to bury the soul of your Idealist Bitcoiner deeply. Remember we are here to collect rupiah from the difference between selling and buying not Bitcoin.

Then as of now I may be having a stressful year ahead if it continues.  Though I'd make sure that I have a lot of options in hand to survive. Given that I wouldn't solely rely in Bitcoin alone, I'd be spreading my money all through out the market as possible. It would be a challenge but I'll make sure to secure everything and maximize my strategies for a better outcome.

Learn some program and make a bot to instantly sell high and buy low.
even if the price value decrease over time it will not drastically affect your source of income.

Fundamentally speaking a professional trader will not worry about the decreasing value of bitcoin it is still a profit whether a pump or dump.

Sumber penghasilan kedua selain pekerjaan kita adalah bedagang bitcoin.Bahkan hasilnya pun bisa lebih tinggi dari pada gaji kita selama bekerja.Ibarat bitcoin itu adalah sawah ladang kita yang kedua.Jadi sumber mata pencaharian dan penghasilan serta aset yang berharga adalah bitcion.

Bitcoin was not made primarily to be a tool for speculation or a source of income.
The price does not settle at a certain range and it is not possible to predict a rise or a fall.
Instead of speculating on the price, provide services that can help others and accept bitcoin as a payment method.
The biggest problem these days for traders is the price contraction

most likely for the investor today's situation is more than a problem. But for a trader, there is every opportunity to make up for your losses, because on a price difference, almost every day you can make a profit.

For traders there are no problems with the drop in the price of bitcoin. Perhaps you are not a trader and therefore do not understand the specifics of this process. Traders sell and buy coins at any price level. Volatility of coins is at any level and therefore from falling prices suffer only those people who are set for long-term storage of coins.

I can say, if you are a good trader, these days should be very profitable for you, because these things always happen in the crypto world, and in my opinion, without this days, the profit will not be much better. Yes, the situation is bad for now, but in these days we can see the future and we should get more cryptos which we can earn more profit.

Before you do this, you had to find an alternate option just for such a case and just give him more time in such periods

I am not a trader but I do have a friend whose income is just by trading and his income is like a roller coaster ride throughout the year. One day he would make a great profit and the other day nothing at all or even encounter loss. As he has been in trading for a year now and with that amount of experience he has saved enough for bad times and the dips happening nowadays don't affect him much. Instead, he is happily investing in more coins which he had decided to invest in earlier.
All he did was smart work and utilized his money well and that is a quality what a good trader must have.

Modal awal yang di ambil dari sebagian penghasilan kerja formal boleh boleh saja.asal tidak di ambilkan dari hutang pada orang lain.
Kalau modal awal di ambilkan dari hutang sangat berbahaya untuk trading.
Konsentrasi kita jadi terbagi antara kerja formal,trading dan cari biaya untuk bayar utang.

Do not fixate on the failures and the current situation of the market. You must continue to do your work the way you can. All the failures to date, This is only a temporary state of things and I'm sure that everything will stabilize in the near future.