Bitcoin Forum

I've been trading (?) cryptocurrencies for a little over 5 years and have always had little to no success even doubling my money. I know I know, it's not supposed to be easy to double your money.
I work in finance so I understand that a 20% annualized gain is already a ridiculous amount.

I have however seen players doubling, tripling, 10xing their money through a variety of ways of which I can list here:

-Bitmex, Deribit etc. Perpetual Futures leveraged trading (1-100 x leverage - SUPER HIGH RISK)
-ICO/IEO trading (4-5 returns, MEDIUM RISK)
-Spot Trading (BTC/USD, MEDIUM RISK)
-Deribit Options (MEDIUM RISK)
-Cross Exchange Arbs/DEX Arbing (Buying alts on Dex before exchange launching on Binance - requires insider information)
-Gambling Games (Dice, etc.)

Does anyone else have any ideas to share or methods that consistently gives them good gains?

You can have good and huge gains on any platform you mentioned.
It will just matter on how you do it, how will you manage your funds like Risk Management, how much are you willing to risk for the trade ? How much you are willing to lose in gambling?

Even you will trade on the non-leveraged exchange, you can also earn profits since the risk is lesser there compare on exchange that has leverage.
Consistently gives good gains is difficult nowadays, especially if you want to those things you mentioned, but if you can manage it and control it, you can do it. Just learn those things first before entering.

I would say traditional trading of bitcoin to altcoin and vice versa can be more profitable than other high risky methods,from this we can even make 3-5% everyday which makes the annual profit more than you are looking for.Only issue is we cannot make profits from crypto trading in successive streaks for very long term.

So that you can simply choose to hold your bitcoin than trading which may not increase the total btc amount but it will be huge profitable against the fiat pairs.

I guess you have much experience in trading since you say you've been trading for over 5 years. I prefer to trade in the Binance than the other list or means, and I prefer to choose a centralized exchange. Everything you say has a risk, and you should understand that. No matter what you want, the risk will always be there. But you can minimize the risk by analyzing before you decide to buy and it's not easy. But as you have experience for over 5 years, I think that you can analyze with well than the other so I think you can make a profit from trading. Don't think about doubling, tripling or else but try to make a stable profit means, you can always make a profit in every time you trade.

If you get to lose, that is normal because every trader will have the same experience. But the difference is you can back to make a profit and recover the losses. You have skills in trading, but you still need to learn more about trading because mastering trading will not enough in one night or one year. We need to learn more and more to know what to do to get the profit.

Why are people obsessed with doubling and tripling their money?If you make a consistent 20% profit,you can double your money in 4 months.This is the so called "rule 72".If you want to double your money immediately,just forget about trading and go gamble(you will lose everything eventually).
ICO trading and 4-5times return?Is it 2017 again?I thought that ICOs are dead.

Ooh the ICO trend that was there back in 2017. How can i forget it?

At one point i made $21,000 out of $500  :D
However, i think ICOs are now dead. I advise people to keep away from them as there are so many scams now.

The best way to make real money right now is through trading or hodling top known and solid cryptos.
Personal i took it upon myself to do margin trading. Very exciting. Maximum leverage i do is 15% and for example i have been able to double my portifio this past week when bitcoin started making that down trend where i am supposed to be making loses :D

You say that you have been trading crypto for years now and didn't have the success that you should have after that many years. Did you check your trading strategy though? Perhaps you may have miss out one important thing in the past that lead you to not make more money assuming that you have that much experience already?

I urge you to write down your trading strategy and see where your gaps are and then make some adjustments and see how it goes.

You need to understand that a lot of the so-called crypto traders on twitter and in the general community fake their gains so they can get more followers and attention. Less than 1% of the traders are profitable, you need to understand this.

And to be able to make a decent amount of money arbitraging you need cutting-edge bots and a lot of funds to make it worthwhile. Gambling is definitely not a consistent method to make money unless you are the house of course.

It is like donating a goose laying golden eggs

If anyone had such a strategy, they would keep their mouth shut about it. And they definitely wouldn't be bragging about their profits. That essentially answers your question. People who claim that they were able to multiply their investments like 10-100x are either massively exaggerating their real successes or they were just extremely lucky to first get in on time and then get out just in time

The bottom line is, take anything that you hear about someone earning insane amounts of dough with a bag of salt as reality may be not as rosy as it is being described

Where did you see them?

Let's say those people you saw somewhere who double, triple or get 10x of their capital (as they say) really earn that, it doesn't mean they didn't lose anything. Trading, it's inconsistent, we don't get the same results everyday. Continue learning through experience and try different strategy/techinques when trading.

Reminder: Someone might take advantage of this, so if anyone claims to have an idea or working method, and will give it to you in exchange of money or anything, don't trust him. There's no guaranteed method to have consistent gains.

You have mentioned the list of platforms with a different set of features. For gain one need to have the skills to utilise the features and apply the strategy according and book profit. Leverage is also called double edge sword there is a reason why they call it so. If the features are used without the knowledge there can be disaster.

Also, if people are saying they booked X% of profit do not trust without any proof.

To be a Successful trader you need analysis, Strategy and a thrust to keep learning.

Gambling games? There's a lot of risk involved there mate, just saying.

As for the other exchanges you mentioned, of course you can make money but the thing is, every trader is different, specially with their appetite to risk and their capital at hand. So other became more successful, but majority, the casuals and the average Joe keeps struggling. So instead of asking for financial advises, why don't you plan ahead and don't trust those so called experts, I'm sure they won't share any of their secrets.

I have seen so many people brag about their prized winning method of playing dice, but they all ended up losing every penny they put into it and some even more. It's completely and utterly retarded that there are still people thinking that you can beat the house and generate consistent profits on a weekly or monthly basis. Luck isn't everlasting. It runs out and so will your balance when you don't wake up.

As for IEO "trading" (I assume you refer to buying into the initial distribution stage and to sell when it becomes tradable?), that's what I consider high risk too because you're investing in blatant scams or the idea of someone nicely presented to you through a website and whitepaper. It costs them $500-$1000 to get all that done. Don't fall for these scams. It's called gambling since you either win or lose.

Spot on. It can't be stressed enough that when there would really be a method people could make a lot of profit with, the 'inventor' of that method would NEVER disclose it. Period.

If you think logically, it makes no sense for someone to sell a method guaranteeing x % of profit while only asking for $20 or any other insignificant amount of money. How can't they earn that $20 themselves if it was so profitable?

Just by asking yourself some simple questions (like how does it work, how can they guarantee profits, why are they selling it instead of using it themselves, etc), you can easily look through any of these scummy practices.

No offense but in 5 years dealing in crypto, at least you should learn something out of it. You are already in the industry for quite a long time and witnessed several times the ups and downs that happen in bitcoin price.

I can't think of any ideas that might help you since I believed you already know it. You have your strategies but the problem is, you can't execute it properly in actual. Well, try to analyze what's wrong on the way. On what actions did you go wrong?

Why not try your skills outside crypto and you might be a success there? But it's not mean, you will leave crypto for good. All you need to do now is to purchase BTC's if you have some spare funds and HODL and consider it as a loss.

Ok, if you work on finance you should know not every portfolio is able to take the risk of those guys who doubled even tripled their money.

That's something should be obvious, so if you have a big portfolio of more +2M 20% it's an exceptional performance "yearly".

something I disagree with you is IEO and ICOS, these are horrible business models and are not worth investing, I know that many of the early investors on the IEOS of the binance lauchpad gave unexpected profits to those ones with the balls to take the risk, but is worth the risk?

also after the first ICO, bittorrent if I'm not wrong they gave limits on the invest size, "to be fair with anyone", So a big portfolio invested on an IEO is not something smart, SPOT and low leverage trading should be your path since you have said you are a guy that has work in the environment of the financial services.

Arbitrage could.. be other of the mediums to make money if made right, with a Quantitive model and a bot with great infrastructure, Servers, Ping,...

and Gambling?

that sounds dumb, you know the house win over time!!, so stop trying to impersonate someone who really works into the financial services industry.

The first question that comes to my mind is how much money have you earn on average on each year since you have been trading cryptocurrencies? I ask this because even if your profits are small then you are in the correct path and the only thing that you need to do is to improve your system, however if you have been losing money during those five years then the only thing that I can say to you is to stop trading, because anyone that has been losing money for that long in this market doesn't really know what he's doing.

You can only make so many gains trading before you will end up losing. There isn't any exchange which you can make unlimited trades. They only have so much Fiat available to play with. In terms of exponential, well that's just completely unrealistic dot-dot-dot because you can expect to always profit, let alone make exponential gains.

It is acceptable how it wasn't easy but people had never lost their hopes towards crypto brag them to do trading and never quits. It sounds unrealistic to think of making exponential gains but it (can) be possible if we are the bullish season and of course, if we have in the right choice of coin.

The market remains very challenging especially of the current situation and yet, a lot of people suffered losses rather than of having gains. But I think this is not the reason why we lost our faith and trust, it soon the market will bounce back that's should we have to put in our mind...

You've pretty much listed everything down, except for maybe how you can do ICO/IEO "investing" instead of trading.

Also, theres this thing you can do on the freebitco.in where they promise to give you like @ 0.02% interest per day. Computed, thats like 7.2% per year. I'd say it's also high risk since they can simply close down the website and run away with your money and you have nothing to chase them with.

The current market is hard to make exponential gains, so your suggestion is good to survive in trading and we never always expect the profit. But so many tokens are raise rapidly so we earn exponential in token investment. At the same time risk factor is two much high on these kind of investment. So those are ready to face the challenges they only participate the token investment.

Right choice of coins and perfect timing of placing your entry, it's tough since we are stull in the state of bear and more downside is ongoing but even with this kind of situations, there's still chance for investors/traders who's keen to survive and make a good success inside this industry. You need to continue working from time to time and never to stop chasing good projects and make a exponential growth either in fiat value or in token itself.

Learn basics of technical analys. I don't know what do you mean when you say you are trading for five years but one thing i know is that to Cryptocurrencies is the easiest way to double your money i am not saying that is easy as everyone can do it but we have had a phase when if you even buy any coin blindly it would triplicate the next day. Moreover here we get a 20-40% daily fall and increase in coin prices.

So ways are learning basic of technical analysis. If you are not going heavy just learn basic charts and a few indicators to start with. Then you have to do 100 trades with a less capital because it is ultimately going to be burnt. But these 100 displicned trades based on your learning would surely inculcate the skill of fetching money from the market in you. Create a strategy test and back test it and here you go. You can make any sums of money from crypto. But remember it's easier said than done. :)

Technical Analysis worth reliable but I feel it is not a guarantee to make exponential gains. We still have to applied our strategy( the best one) to make it more effective and could we possible achieve our target.

But the market seems to be not in our favor, might it takes a while to have a better price. And it is to consider our chance to buy some more potential coins before we start it rise again.

I'd say Gambling Games is out of option, you shouldn't rely on gambling since we all know that we only have a little possibility to earn there. Regarding with the risk, the more risk you take the more profit you'll get but be aware of it just take money you can only afford to lose. Besides ICO trading are not in the trend anymore, it is not effective like before it was. Doubling our money through standard trading seems impossible because not every time our coins is not in good state. The best option is to buy the coins that has high potential then hold until it rise again.

maybe you have invested in the stock market so 20% of profits in a year is a big number for you. But for us, 20% is a trivial figure and it doesn't say anything. Here, we only have profit up to over 100% or 300% when bull run. It is different from the stock market but the risk is also very high. We make a lot but when the market goes against our expectations we lose a lot.

It is quite difficult to double ones funds in a short time thesedays.. Monthly double is possible if you are dedicated trader.
I wouldn't encourage anyone to try those methods on your list, without first understanding the consequences.

And I doubt any of those in your list can fetch you consistent gain.

The trading is all about making more things than the others. It is possible to make exponential gains but this is not valid for all. Do make different things than the others and you most certainly will make lots of money.

For this, you should know how much leverage to be used to save yourself from getting liquidated in the worst conditions when slips take place. It is better to leave this option if you don't understand the risks because if you enter a trade with 10x leverage but the need was for max 5x and you lost on 10x but could have won on 5x, that is the main reason why many traders lose there.


I will never prefer ICOs but IEOs.
IEO trading is the trend now and I have seen many coins giving higher returns compared to ICOs, the condition is: you need to enter during the sale to buy them dirt cheap.


Not worth it if you ask me because you get stressed every moment thinking about your loss if you are in it during that time.


Never did it, can't comment. Still, they have chances but you need to be highly accurate about the direction of the markets in this type as it is no less than a gamble.


Buying dead kind of projects which don't have anything special but if you buy them cheaper in regards to making money only, this kind of thinking will make you lose a lot and your wait may never end if the project does not get listed on any exchange. Actually, it must be selling alts on Dex before Binance exchange launch because all these alts have a run up till they get listed on Binance and then their death toll starts to tickle.


Sports betting had been my favorite here where odds of winning are higher compared to dice and casinos.

The market really looks harder as we thought this year, the more people adopt these, the more it becomes volatile. And thinking for easy money at this time is quite difficult. But it is not the way to think that there is no chance to earn, we could still make it and doubling it is something impossible especially when the situation like we have now will continue.

Of the 6 ways that you mentioned to get a profit I would prefer 3 and 5, but often I just do the third way, I know the profit generated is not much especially if the capital used is very minimal, but this method is safer.

Leverage trading is very risky, ICO and IEO are also not a safe way to gain profit. It's better to stay away from gambling if the main goal is to gain profit, because this is an activity that can make you addicted even when you know that it's hard to get money from this activity but because you are addicted, you will still do it.

At first, You have to gain the basic rules of trading and technical aspect, don't think about the exponential trading, think twice before you trade, When you have five years experience then you must have gained a huge experience regarding this issue but for me Cryptocurrency platform is one of the convenient ways for making you money double or triple and more. But it doesn't mean that this cryptocurrency trading is very easy. I think Trading with Bitcoin is the best decision for this platform because of having a good price in comparison to other crypto coins. if you can manage your money properly and make a good strategy for trading purpose then you can go in a smooth way for trading, Again I want to say that making essential money is not important, it's necessary to keep calm and trading with a cool head.

If you have a right and working system, all you have to do is to keep enhancing and never stop learning from one point to another. It's really difficult to keep increasing your investment as volatile nature of this market also affects everything. You need to be optimistic and focus on how you will continue to develop the working system that will lead you to catch up from the market behavior.

Trading strategy that bonds to your own interpretation of the market gives you high chances to excel. Experience will teach you how to adopt and will guide you to improve to better your chances.

You are a trader for 5 years and yet you still not successfull in trading? Or even gaining small or enough profits? Don't get me wrong. But trading for a very long period of time means you seems to know what are the possible cause of your trading failures.

Why not reflect and ask yourself;

• Am I using right Technical Analysis? Am I using and reading it correctly?
• Which type of trading will I profit the most, margin trading? Swing trading? Long term/short term bitcoin/altcoin trading?
• Did I use stop loss?
• Did I set target profit?

Man, reflect which mistakes have you been doing in the past 5 years why you still did not double or even gain any profits at all.

Start all over again, gain confidence and learn more about trading if you don't want to give up this field even if you think it isn't healthy anymore, then stand up and collect all necessary knowledge from basic. All the listed above seems to be working fine, it depends on the trader how he/she gonna approach it.

We don't know what he's really be doing or to say that he's lying to us. Cause in that certain long trading history it has to say and even think that we've learn a lot and we probably know what is wrong with our strategy.
Sorry OP but it sounds like unbelievable, but I have to think that you are a successful trader that just pretend that you're not good and a loser person.

Trading in stocks has a lower volatility compare when you are trading via different trading platforms that has higher volatility since we are talking about cryptocurrency here, but, the way on how they works are just the same, the only difference is stocks is based on companies which you will share trades and cryptocurrency is based on ICO/IEO makers.


We don't always lose a lot when the market goes against our expectations, we just hodl our profits, ride the whales, and sell again when the market start showing the bull run sign.

Something that is on the "come up" again it seems are loaning with BTC (BlockFi, Nexo, ETHLend). Although you need a bit of time/diligence to not throw money (or your time for what it's worth) in the wind - you can see 10-15% yearly.

Bitcoin is the safer option if you want more stability in your investment. Aetherium is okay but less stable of a cryptocurrency because the market cap is lower.

Do not invest in websites like that since they are nothing but an HYIP, the profits they are promising are on the low side for an HYIP but that is what it will attract many costumers as it seems more realistic to receive those kind of profits over the long term, and while those HYIP have a tendency to last a lot longer than those that promise huge returns at the end of the day the same results will always follow in which a minority gets profits while the rest losses everything.

Having a financial background or being employed in the financial industry means very little when it comes to trading performance.

If you take 90% of the people who are already employed (and profitable) in the trading offices of even a top tier investment bank like
Goldman Sachs for example, and let them trade with their own resources unassisted, they would be losing money like crazy...

It takes a very rare and unique skill set to become a great trader, and it's rightfully considered one of the most difficult professions on the planet, so if you really want a career in trading, you must be prepared for some truly intense competition.