Bitcoin Forum

I never done trading so curious on this.  Also don't have the money to trade as it would be for small amounts so I don't think I could make much.  Is that true or false?  You need a lot of money to start if you want to make enough trading for a living right?



Now imagine you are someone with no job but have a lot of money.  Or a lot of money and a job... doesn't matter.  But you have lot of money to invest.



Let say you want to make around 50k a year for someone in the US trading  As im sure lot of US ppl know, if you trade short term, you have to pay like 35% on your short term gains.  And you pay 15% when long term but obviously people want money coming in monthly like income with a job.



Now imagine someone with a million dollars as investing money... decide to buy 100 btc with the price at 10k a coin to make it simple.  I don't want to use an altcoin as an example because those are risky and you can easily lose everything as coins do drop to zero... so basically stick with the top coins on the list.  Now let say btc went up and down for the next few days and then btc went up to say 10500, now the person sells all 100 btc for 1.05 million dollars.  Let say trading fees are 0.25% fees.  Is that the rate now for trading btc?  Now in the first transaction, to buy a million dollars worth of btc.. fee would be 2500 dollars right?  Then when you sell the btc... fee is 2625 dollars... can anyone confirm the math here? 



So basically in these transactions... the trader made 50,000 usd... but pays 5125 usd in fees right?  So net profit is 44875 usd?  So say that is the only transaction this person did all year with trading, they pay tax on short term for 15706 usd on their profits... so they make 29169 usd right?



If so, there tons of ppl doing this?  Because it seems like if you have a lot of investing money... with how btc is... and it going up and down... wouldn't trading make a lot of sense for someone with a ton of money?  I mean we seen ten percent increases and higher in a few day span.  And obviously it goes down that as well but as long as you hold and don't sell, well you don't lose.  Now imagine a huge thirty percent increase in btc to 13000.  This person would make 300000 usd minus fees and minus taxes... they would still take a net of like 190000 usd right?

If this is all true, wouldn't it make sense for ppl with a lot of money to do these trades?  I mean even if you have a job, well you could do this on your free time easily right?  I mean I know you could even set the software in the trading app where you could have it automatically sell all your coins once its a certain price so you don't even have to look at it.  Then say it hits the price you want to sell it all, then you net all the profit... so its like you have extra income.


Obviously if you are trading, you would be staring at prices all day... but not if you do it this way right?



But if you want to make 50k usd or so, how much investing money would you need?  I have to assume at least double that minimum right?  I think you probably need like a quarter million dollars?  Now if you have a few hundred dollars or a bit more... i guess only way is to buy altcoins and see if they explode... then now you have the money to buy btc since btc is the most consistent coin there is in terms of reliability?

Yes. You need significant capital to make large enough trades to make a living off of. If you've only got $20 in capital, the idea of making a living from it is crazy.

Not only that, but a professional trader needs to hedge against downswings and drawdowns, periods where they under perform vs. their expected profitability or lose money. That usually means having a cushion of several months or better yet a years worth of living expenses saved. You need enough cushion that you are psychologically fit for trading (not emotional) and not forcing trades because you are desperate to make money. Not having enough cushion in the bank is very dangerous for someone who depends on their trading income.


That's only near the very top tax brackets, if you're making $200K+ a year. You pay your ordinary tax rate on short term gains. For some people, that means 10%, not 35%.


Trading isn't easy. It is not like printing money.  A lot of those traders will end up losing money. Most of them, in fact.

The main problem is, would you really think about that when you have a lot of money in your hands?
I won't.
I will try a less risky method.
Business.

It ain't easy doing trades, most of the time you lose. I did.
Even though you have the right experience and best analyst on your side, it won't go the way you want it every day or week or month.
All those sweet words are just for advertisements.

On leverage trading platforms you can trade BTC with a $50-$100 account. The risk will be proportional to position size and risk management strategy.
We can debate on this subject for long, but putting it simple having more money allocated for trading activity should provide you with more mental comfort. Don't forget that emotions are your no.1 enemy in trading. Be consistent and stick to your strategy.

Are you from the US?


If so, you say thats only the highest tax bracket percentage... I dont think you are correct here.  Aren't all short term profits doesn't matter the amt taxed at that rate though?  Im pretty certain it is?


Well if you buy btc only like in my example and never sell it unless its higher than your bought price... then you don't lose right?

It isnt really necessary for it to make it big because all matters here on how you do trade efficiently and profitably.It doesnt need to start up on big time and if you are
just starting up from scratch then you're most likely to lost up those funds in first tries.Dont rush up on making yourself sustainable.Yes, it cant give out the
chance to trading for living but it isnt really easy as it sounds yet this situation or target to be attained with take years before you would able to consider yourself
sustainable.

Main advantage for those people who do have financial capacity.Of course they can earn tons but to think into the other side that they can lose big time to.It will always
equate on how much you had risk and how much the reward that you can potentially earn or also lost.Fees? Its always been part of the ecosystem and you
should really get used to it.

It's hard for a low starter to make much lol you need a lot of analysis to pull that of perfectly, but I think you could make a fair profits out of it, also depends on how small the amount it is, we have different views on that one. The question isn't true or false, it's non binary actually.

Advisable in trading yes, there's this benefit that you could easily regain your losses when you have a huge load of money. But I disagree, your initial amount in trading does not matter as long as you know how to handle it, it is just your expectation that fails you in the long run.

Well if you only buy btc... isn't that really safe if you had to pick one coin to choose?  You say... where you could lose big time... well unless you sell at lower price... u dont lose right?  I mean if btc drops to 8k even when you bought at ten k, you dont sell you dont lose... but say it hit a good amoutn higher, then you sell and lock in profit though?

based on my experience of course having a large capital will provide a big profit...
but easy or not to trade it depends on your abilities, not your money. you have a lot of investment money in trading but do not have the skills to support your investment money, I make sure you will lose quickly in trading.

since the OP is very new into crypto trading, he really doesnt need to start big. what may happen if he will start big - he will lose all the money that he has at the start, as no experience or skills in crypto can easily wipe out his funds. ok given that he will stick to btc at first, but he should always stick to the simple trading rule - buy low, sell high. and how he will do it? is up to him. this is the reason why he needs to start small, get the grasp of crypto trading, know how things are moving, how coins are getting pumped, etc.
 dont get the mindset that trading big will give you income that will be good for your living. it may be true for other traders, but not all can make that happen. it depends on how a trader strategise his trading activities, and that takes time and experience and lots of tips and tricks gathered along the way.
if someone starts big, and lose big time -thats the time we hear regret and sometimes they blame bitcoin or crypto for being fraud and spread wrong info to others. but lets admit it, it is the ignorance of most newcomers why they are being ripped off in this business

If you are investing on something with the hope of it will give returns to feed you next morning is absolute stupidity, you can only start making money when you give enough time for the market to become more successful for you.If you have money for your survival and have extra money on your savings which is really not needed now but its something for your retirement plan then you can pull something out of it and turn them into more money in less time period compared to other kind of investment plans.

If you have bigger capital there is a bigger chance to gain more as it multiples the opportunity of profit based on your capital. But since we don't suggest to put all in one basket and in one projects. Diversify it accordingly based on your knowledge and skills, not all who have money can be successful in trading especially if they don't have time to monitors it.

While, it's also applicable to those who didn't have much capital to trade, but also able to gain much profit because of their skills and dedication to analyze the graph and do it in just short term. If we're able to watch the market all day long and can easily analyse the chart then having enough capital to risk is also acceptable.

No need to overthink this, the calculation should be done in percentages. The trader makes 10% in a month, it is the best monthly profit target for big boys. For the taxes part, I have no idea about US rules. But there are many countries which don't have tax rules for capital gains included profits from crypto, stocks, forex trading. So I doubt a profitable traders will doubt traveling the world by making a 10% monthly gain from the account. Personally I know one trader from Germany, lucky trader takes his family and goes to travel the world while trading on his Macboook. Hope I am able to explain my opinion. 

Having a lot of money to trade can make the trader lose discipline in the business. Such kind of trader usually believe that equity or the trade balance you have will help you in the trade and you keep taking wrong trade decision. A low account trader can be very discipline to build the account. Having money management is the best, you know how much risk to take for a particular trade.

Stop complicating things and start trading now without any expectation since your example is not a reality and don’t think for an easy money in this market. Having a lot of money doesn’t guarantee a good return, you must have the skills to trade, and start earning.

If you have a small capital then its fine, the goal here is to remain profitable and to achieve your target profit, despite of the losses, the trading fees and tax at the end of the day you gain the skills that is needed in order for you to succeed, consider trading as your job and always do your best. TAYOR!

If you're just starting you dont need to use a lot of money as capital its a very risky move since you are not knowledgeable enough to face the consequences of your action. You need to follow the process of slowly learning by experience.

Then if you already know the nature of how trading works and you're ready to risk your money and depend on your trading income for a living then its time to use a lot of capital to gain huge profit as well.

But its not going to be easy, plan and strategy are needed. Have a risk, time and stop loss management.

You have mentioned you are lacking trading experience. Therefore, questions like that will surely be on your mind.

Instead of going too much complicated, let's make this simple and short. Why not just start and learn how to do trades and see the results by yourself. Either you go on a small and fair amount (for testing purposes) or go directly with decent capital.

And quick advice, don't take and consider trading as a primary source to support your living.

That's right, It's a common myth for those who really didn't try trading that you need a big amount to start trading for a living, It's better to start using a small capital for for a starting trader because that's the stage that a trader is just learning. You can't make a profit in trading even if you have any kind of amount if the knowledge you are possessing is insufficient. I'm sure that the one who spends all their money in trading before accumulating the knowledge and experience they needed will dry out in the process.

Having a lot of money will be unworthy and useless if you are not wise enough to manage and handlr trading and investments.
While it is an advantage to have a huge capital in trading and investing but having a good choice of coin, selecting potential coins with good returns is very significant.

Same in trading, you have to gain more tools and techniques so that huge capitak of yours will not go to waste. Good management plan js also one of the important things to implement in trading.

So you have a problem with the trading fees? My suggestion is you don't have to think much about the trading fees because as long as you can profit more than the trading fees, you should not worry about that. At least, your profit will still bigger than your trading fees, so you can still trade without thinking about that.

If you just think about the fees, that will be too complicated, and I don't think that people will think deeper about the trading fees because that can waste their time to calculate it. It is better to make as much profit as you can from the market and let the fees be like that. I am sure that you will make a big profit, and once you make it that, you will not think about the trading fees.

I'm from Canada but I've been living and paying taxes in the US for a long time.

I didn't say 35% was the highest but that it was near the top. The top tax bracket is 37%. Short term gains are taxed at your ordinary tax rate, which is dictated by your tax bracket.


https://www.irs.gov/taxtopics/tc409


Sure but if you buy at the wrong time you could be sitting on losses for years. Someone who bought in December 2017 or January 2018 is still in the red 2+ years later. That's not an effective way to trade.

Earn Money => Invest it => make more money => Repeat it.

So you actually don't need huge money to make your life easier but don't forget that it takes lot of time to achieve your goals so don't expect any changes overnight.Taxations changes depends on your origin and if your country collects more taxes for your crypto earning is it okay but if they charge every crypto transaction as profit then it is not possible to trade on those region.

1. No you don't need to use large capital just to earn large amount of money . Its actually wise decision if you will only start with small capital mostly if you know you don't have enough experience in trading .

2. Its too risky idea that you want to use all of your money in trading if you know you don't have other source of income and it's hard  to recover once you lost it all

3. If you want passive income openyour own business than risking all your money in trading many traders feel broke because of wrong decision to enter in the market that they don't know and have enough knowledge make sure you aware about that.

4. Dont look only in possible scenario think also te negative side which can also decrease it's price in the next more days or months and that means lost.

It will depend on your skills whether investing a lot of money will make the trade easier for you to make a living. If you don't have any knowledge about trade then investing big money will bring loss. Loss of business quickly and frustration can make life difficult so use your experience to trade strategies and try to invest a small amount. If you can understand the business trends in the right way business will become easier when it comes to currency selection.

Isn't large amount of money makes sure that you will profit even bigger? I agree that small amounts will be a good start but there are times when you need to just trust the investment and let it go up. Nobody gets rich by playing it safe.

Logically right! if you won't take the risk you'll stay breakeven, though learning is a process and once you already gained that experience and confidence, putting decent amount of money to invest is a wise decision if you are aiming for bigger returned.

It's always  your good understanding and confidence that will bring you huge opportunities to convert coming from this venue of business.

Yes they do.

And that's why they continue to be richer lmao.

Thing is, it's not that easy to be honest. The risk is there as much as there's a potential to make money. Simply put, if a very rich person puts sell order when Bitcoin is growing in price, if it's a huge sell order, the prices will actually plummet by influencing the market ;)

Making money with money is what big investors and businessmen do. That's how you grow :) and that's exactly what they do :)

Suppose you invest in a lot of money that will not always make trading easier, especially if you don't have many trading skills. No matter how much money you will use, you better have the skills to analyze the coin, so your chance to make a profit will wide open. If you don't have many trading skills, you should learn more about trading, and you need to practice the lesson so that you can trade with better, and you will have the chance to make money from trading. If you have high skills in trading and use a lot of money, your profit will be bigger. So the important thing here is having skills in trading to make a profit.

The key is patience, good money management. Always.
An investor have 7% profit yearly as a target ( of course with safe investment that has not much volatile)
While a trader have that 7% profit daily as a target , taking advantage on the market volatile.
Let's say if you do both the investment and trading at once ,  things will makes your income stable if only you have a strict money management, otherwise even if you have huge amount of money invested and got a little loss in your day trading ... guess the whole money you have invested could always dragged down to zero due your awful money management. So yeah things never easier said than done.

I don't you will be ready to trade when have a lot of money especially when you have ever traded. Trading with a huge money will make you tempted to sell quickly when the coin that you invested increase just for 1%. You will get a lot of profit in it and otherwise you will sell quickly when the price fall because you will be afraid to loss a lot of money.

Unless, you are professional trader, it means you are used to experiencing such things and you'll know where the direction the movement price to. Also, you don't need to spend a million money too, there is future trading which can make you feel trading with a large capital. Such as in binance exchange you can use 100x leverage from your capital if you want. But it is too risky, I myself actually not comfortable to use a high leverage I just use 10× laverage in maximum.

I'll bet yes you don't really need to have a huge amount of investment to make your life easier. Well if you are lucky enough to have a previlege of living with a silver lining then this is the way you can say even investing your money and never get that emotion of being lose and i bet this investment is too little to compare if ever. But if you're like us, especially me which i honestly admitted that life for me isn't easy then you have to pay attention on your skills and learned the technique on how trading in cryptocurrency goes well. This thing might be a big help to you when it comes to trading of cryptocurrency.

Well you know what we are in crypto space and the first principle is anonymous transaction, at the cost of public ledger, complex nodes forming giant blockchain and all that to confirm your transaction over blockchain through exchanger or whatever medium it is.

I guess having that 0.25% fees is fair otherwise how whole stuff will work in the first place ?

Coming to the point how much money needs to traded, well that depends on how much you want to earn keeping in mind “your expenditure limits”. If you want to earn more then you either need to have million times good luck or either he’ll lot of money to spend.

0.25% is too little actually to consider not to trade all because of it.  If you could try if on binance, just buy some BNB for the trading fees so won't be wasting BTCs going to be used as fees.

You can start trading with just $500 and just trading when there is an obvious pattern that is moving. But you may just have to start with one pair like BTC/USDT because its where the volume goes.

If you use very little capital, 0.25% will not be felt, but when you use very much capital, even more than $ 1 million, it will make it an important and very significant influence, at least don't overlook something small even though it's not valuable but without realizing it it is very valuable and important.

The truth hurts but it's true. A lot of wealthy people talk down to us as if they were smarter but the fact is, money makes money so the rich get richer because they simply have more access and more ways to make even more. We are nothing but plebs. It doesn't mean we can't make money, but it does mean we can't make it the same way.

 :) ;) :D

Everyone knows that with more more as your investing power comes more profit. It is only simple mathematics. 10% of $100 is $10 while 10% of $1000 is $100. Even if both made the same ten percent of their capital, the difference in the amount of profit is dependent on the size of their capital.
It's a long standing truth that money makes more money. Only one with much capital can make much in little amount of time

It is true that the more capital we have, the greater our chances of getting big profits. But the problem is trading is not as easy
as we imagine, it cannot guarantee 100% certain profit when trading. In fact, many of the traders still experienced a greater
amount of losses than the profits they made. So if you want to be successful in trading, not by increasing the amount of capital
we use. However, learn more about trading strategies, because by having good trading knowledge, with small capital can get big
profits too.

Daily trading on the cryptocurrency market can bring you a lot of profit but is also risky, if you are a novice in the market then you should not invest too much money in daily trading.
To be able to trade well everyday you need to learn many things and need a lot of experience, it is best to start with a small amount of money before deciding to invest in cryptocurrencies.

I think that trading success depends on your skill, it's very little depends on the amount. Many people started small and achieved success, and many lost all of their money.
If you have never engaged in crypto trading, investing large sums of money in this market is risky. I think you should run something in real life out there, that would be easier.

Trading with a huge capital for a living will have a lesser risk compared to trading with a small capital. $100 is too small and will put more pressure as you solely depend on it for a living i.e using profits to buy stuffs, goods and services whereas 10% of $1000 is quite reasonable when profitable as well as compounding it will amount to huge profit in a long run especially with a good money management technique and a sound trading strategy.

Crypto trading is risky, research says 95% traders struggle with their investment. But without taking the risk we can't gain anything. People can gain profit quicker by investing in crypto if price get sudden pump. Small investment will take ages to gain good profit, while big investment may bring same amount of profit within short time. And learning the crypto market is must needed before investing money. So skill and amount both are important in crypto trading.

The difference between putting a lot of money for your trading capital and the small one is the difference of having "enough" profit to stop whenever you want. If you put in 1 million dollars and manage to make 20% profit one year, that means 200 thousand dollars, if you invest 1000 dollars you need to make 200x profit to reach the same level which is close to impossible and if you make 20% profit it would be 200 dollars.

So, there is really nothing similar between them on the same profit % wise so the method will always be different. Obviously you will want more money in both cases, someone who makes 200k profit will not want to just stop and spend that and never trade, they will want to trade too but at least they have the luxury to stop whenever they want.

jerry0, given your extremely paranoid posts about anything and everything, I don't see any point in the question you asked - because I don't see how you could trade cryptocurrencies at all - because it requires more than just knowledge and experience and it's not for everyone.

Someone who can’t figure out the basics needed to own crypto at all can’t have an advantage in trading no matter what amount of money they have in their hands. In other words, if such a person has $100 or $1 million, the only difference is the time it will take to lose everything.

Moreover when you have a huge capital you can change the market the way you want as well. Depends on the market and depends on the money but you can change the crypto world all by yourself if you are rich enough. If you have over 100 million dollars you want to invest into, you can buy from binance slowly and change it as a whole, you can divide your money into 5 big places and buy 20 million each all at the same time there and change the price of bitcoin suddenly.

Of course if you do not have that much money which many people don't, you can just get in to a smaller currency that has like 50k volume instead and you can invest like a million dollars and change it as a whole. So, having big amounts could allow you to change the whole market if you are rich enough.

Of course yes!

The simple analogy of trading is that, rich becomes richer and small traders is hard to become richer. Why? Almost impossible to take profits, 1000x. If you got it then you are luck. In trading, 10% profits can be the max profit of a trader. Therefore, if you have 10K usd then you can earn up to 1K usd per trade. Specially if you can buy and sell smoothly. However if you only have 100 bucks then you may earn only upto 10 bucks per trade. Its quite unfortunate for small traders, but this is the reality of trading.

It does not certainly needed to be a lot a first. It is just right to have enough capital to start up your journey when it comes to trading. It is of course in need to have money to start trading but having lots of money does not guarantee you that you will obtain a lot of money as well on your trading. It is still dependent on the coin and the market behavior and of course with your capabilities as a trader to make your trades profitable. Only trade what you can afford to loose and not all the you have.

Having money is very good, and having skills is something that is very important.

If you have the money and you don’t know what you’re doing in this cryptocurrency market you’re going to be steady losing that money until you will have nothing left from it. So, you need both of them; the skills and the money to be trading.

Moreover, when you have skills but a small amount to finance your trading, it won’t still making much sense as you will not be able to make enough profit with the little money you have. That’s why the both are very important.

You will see some people that have the money, but they don’t trade because they don’t have the skills, so they look for professional and invest the money into their hands to trade.

Combining money and skills in a specific field will help us to find a way to make money. If you have skills and money in trading, that can give you a chance to make money, which many people can not do that because they have one of that thing. But everything that you want will not always happen quickly because sometimes, you need to wait for some time to see what you will give a good result. So if you have money and invest your money in trading, you will have more chances to make money than other people.

The amount of money you are holding does not affect your trading performance, what affect is your decision making.
If you are consistent as a trader, you will certainly be profitable in the long run and with that, it's not necessary to have a big capital to start trading.

The bigger you risk in trading the higher you risk, so if your skills is not that good enough, you are likely lose money regardless of how much you have.

Everyone regardless of our financial status does not have an unlimited money, so we should know to risk what we can afford only and be smart all the time.

Of course risk always comes with profits, people will reap great profits if he dares to take risks and win them.
However, to be able to cope with risks, investors need a lot of knowledge and experience. In the case of the topic owner, he said that he had never been involved in investing in this market, so if he made a large investment immediately he would easily lose all his money.

Not a guarantee that having large capital makes trading for a living much easier, because making profit in trading is not determined
by the amount of capital we use. But from knowledge, the expertise and experience we have can make it easier to generate profits
in trading. So don't be too dependent on capital if you want to be successful in trading. Whatever capital we have if used properly,
will definitely make a big profit too.

The amount of money you have certainly does affect your trading, just not the way you think it does. Your decision making does have a data of your capital, so your decisions are made depending on how you act and how you trade, which means if you have 100 dollars your decisions will be to make at least 2x profit whereas if you have 1 million dollars you will aim at few percent more than the saving interest rates.

This is why having how much money you have to trade changes a lot of things, you should be able to comfortably put money in it that would allow you to make amounts enough to retire, if you can't that means you are going to be ambitious about how much money you make, nobody wants to make few dollars, that is not good even in the poorest countries in the world.

In my opinion, You don't literally need a considerable amount of money to invest or use in trading to make it much easier to earn a profit because your earnings in trading only depend on your skills and strategy on how you will analyze the market charts and manage your portfolio wisely. If you don't have any skills and enough trading experience, your large capital could only turn into losses.

It does really had significant effect when it comes to your trading decisions specially if you do know that you do had bigger capital or money to be traded off.
As mentioned where goals and targets will really be basing up compared if you do just have that limited capital but on generalization where everybody
will really be aiming on making profit in the end, it doesnt matter on how much percentage of it as long we do see greens then that what matter most.
For sustainability then it all matters on how you do engage with it because there are some people who do had limited capital do able to pull out profits
which they can sustain themselves on day to day living.

Trading takes time not just trading but analysing the market!!

If you are good with trading then why you even waste your time for other Job?
There is many people who make living with trading.

And the covid 19 means more people more and more will Come in to Trading.

What really happened is that some people love trading BTC while in some countries the tax rate is not that much so what most people does is that they sent to money to their friends in abroad to help them buy. Likewise to me after the calculation of tax and expenses I decided to send to a friend in abroad to buy and hold after some specific period the price appreciated I order to sell out and make my profits.

Sir this right..

As someone whose wants to start trading, he or she has be to good with the market condition before fundings, it doesn't really matter how much you started with if an only you are good in trading you (we) can equally increase and make progress as the time goes.. though having much funds also let you make progress as well but it's meant to start small then end big at last.

Right one can earn big with small initial investment but having a good capital helps in strengthening your decisions because as an individual trader it is not easy to stand strong with a small capital and market fluctuates so much in crypto.

I don't think investing large sum of money is risky as long as you are investing in one of the prominent coins like bitcoins itself or maybe ETH and other solid coins like XRP maybe. Investing though is a tricky concept because if you are investing into bitcoins then you can maybe skip but if you are investing in altcoins then you have to be very careful what is happening in the market and the new developments in it because there are times when you have a small pump in price and as an altcoin investor you have to grab it.

The rich gets richer as they get more opportunity. That's just how things are.

Big gains means means you need a big capital. If you have less like only a thousand USD, it won't stop you from trading if you just knew when to buy and sell. It may not be a big gain but using the native token to pay for the trading fee will save you BTC. Its not also going to make your life easy trading this small amount but start with this amount to gain knowledge.

Exponential wealth accumulation is not something people understand that clearly. When you have 10k and make 1k profit, that is not the same as having 100m and making 1m profit, they are not remotely close to each other.

One person doesn't even have to work anymore for money, he is super rich and will never need money ever again unless he does something idiotic, whereas the other person just made 1k, which even on the poorest nation, cannot make you live forever, maybe a year at the very best case and probably not even that much.

So, rich do not just get richer, rich also makes it very difficult for you to make money as well, that is the difference, the more wealth they accumulate, the less wealth you have a chance to make from the pool of money available.

That is true. But I is not as easy as you think. Many factors affect in a trading life. It takes a person a huge amount of time to master this specialty.  If you cant control your emotion in trading, you can easily suffer a huge loss. Trading is like improving oneself with many mistake and weakness.

Starting trading with a huge amount is really impressive but it doesn't mean that you can expect profits right then. Trading is just like gambling whether you lose or win the game but if you start trading without much knowledge about it, you will surely end up losing your funds. Skilled traders even lose their funds as well. Trading takes more time and efforts for you to expect good profits at the end of the day.

In trading and investments, if you want to make it as your decent source of living. The fact is what you have said, you need to have a bigger capital for you to rely on it.

Just think of those financial superstars like Warren Buffett. They are not investing peanuts on one investment, they're allocating a large amount of money for each investment that they do.

And that applies with trading too.

Yes it is not possible to trade without capital adequate capital is needed no matter where you start but just investing money will not make trade and livelihood beautiful if there is no knowledge about trade. That will make life and trade difficult it is possible to achieve success only if you have to make yourself efficient along with the capital. Learn about the market before investing and start with small capital as it will save money and make trading easier.

No it doesn't make trading easier, having lots money does not equate to having the needed experience to trade, this are two separate thing, having enough money is one thing, having the trading experience is another, so if you are thinking with enough money and less experience you will make money in trading, you are mistaken,
It will even be better if you have the required knowledge together with a good sum of money to trade, if not, you will lose all your money no irrespective of the amount.

More money means better affordability and so you can have more chances to get back when you make mistakes.First of the profit margin can't be in dollars because it highly depends on the capital and compounding so we should keep the percentage to reach and should be realistic. If your country has high tax rate means then you should have to pay it, there is no other way.

Yes, your math is correct. When you place a buy order, you need to enter the desired price and the dollar amount you wish to spend. The cryptocurrency exchange will automatically calculate the amount of bitcoins you will receive if this order is fully executed. In other words, you need to make a deposit and bid $1002500 to buy 100 bitcoins at the price of 10000 USD per 1 BTC with a fee of 0.25%. When you place a sell order, you offer 100 bitcoins at the price of 10500 USD per 1 BTC. The cryptocurrency exchange will give you only $1047375, so the profit will be $44875.

In my opinion, having a lot of investing money does not make trading easier at all. When you trade a large amount of different assets, you can lose a lot of money if you make a wrong financial decision. Moreover, a centralized exchange can be hacked at any time. This incident could lead to bankruptcy of the company. You should manage all risks no matter how much bitcoin you trade.

It's not just about the amount of money that you have but it's how you'll handle your capital. It's about the application of your learning and experiences. It doesn't end in investing alone because it also needs critical analysis and skills, especially in trading. One wrong decision and you might lose everything.

From my own personal experience, I did say yes to this question, you definitely need a lot of money to make good profit in crypto when trading, maybe in the future when crypto becomes very popular like forex, this would change but for now, a huge capital is required in trading to make a good profit you and your family can live off with.
If you are trading with let's say below $50, you can only make a good profit if you are lucky, but on a normal circumstance, you will hardly make a good profit with that amount, but if you are trading with $1000 and above, your chances of making good amount as profit is higher as any slight upward movements in the market can put you in $20 to $25 or $30 profit, and if you make this amount everyday, you will have a good living standards.

I do not have a job but I have money to invest it is best try to work with your own money without having to work with other people we must be brave to build a future with the right investment

With trading you can start small too and grow big. Some businesses, you don't need to start from big . Trading is a high risk investment and so for new investors , mastering takes patients. Warren Buffet didn't start all his businesses with investing big. So trading should be done like a process otherwise all funds can be lost as fast you can't imagine.

Well you say when you trade a lot of different asserts, you can lose a lose of money.  Well even if btc went down to say 7k here... u aren't down any money until you sell though correct?  Nobody loses or wins until they sell.  So you just wait till it goes over that bought price... of course it might never go back or take a long time to go back.



But in my example, i feel like if someone has a million dollars, just buying low and selling high with btc and those top coins... seems safe though?  I mean the odds of btc dropping really low would be hard right?  Now obviously this example i give, i would not use it for other coins not in the top 5 list for example because those are risky.  Like if you stick with the big main coins, btc etc... shouldn't it feel safe?

You can trade with small amounts, but expecting it to sustain you for even a week in unrealistic. If you want to get big in trading, you should invest as well in large amounts . High risk = high reward kind of mindset.
But you shouldn't think about trading first even if you have large amount of money in your disposal. Consider asking yourself if you're willing to lose that amount of money.

I really can't believe how much people are relying on stuff like finding like a million percent chance or whatever to get rich, it is not really something like that at all, you can't put in 20 dollars and suddenly become rich, there is no coin nor any project that could ever be able to do that, you are not going to have a life changing event unless you go in with a ton of money.

I have a lot of friends who are not "rich" in the way you think what rich is, sure they have few tens of thousands of dollars, but it is not even 100k, nor even at 50k for most of them, but they do get in and make like 10% profit and when you have like 30k invested, that 3k is a lot of money. This shows you, if you have even a bit of money that is decent, you are going to have 10% profit change a lot of your life.

Both of you are right. If you have a large amount of money, you are free to choose what investment or what kind of business you want to start. But that will not be easy if you have to limit money, but you can still create a business. Luckily, in crypto trading, you don't need to have big money to start, but the important is that you have the skills to trade to make a profit and grow your money. When you are a pro trader, you will have a chance to make a big profit.

Not a good tips for a newbie if you will teach them this kind of investment there is much higher chance that they will lose instead of earning with that kind of investment. High risk and high earnings investment is only for those people who have guts to lose thier money. But investing large amount is not a good idea or if you plan to invest all your money. Its better to learn the basics thing in trading and earn little by little than dreaming for one time big time opportunity.

Having a huge capital fund only give cryptocurrency traders the chance of making good income in a single trade and it also increase the chance of lossing big either if extra precaution are not put in place. However, it doesn't make crypto trading more easier for the trader and what make crypto trading more easier are have good information about whales movement, accurate price alert bot or ticker and adequate trading knowledge.

I have reviewed some of the responses in the thread and I feel like I have to state the following. "Trading for a living" is extremely broad. We all have different lifestyles. Some of us are more materialist and desire more things like eating out, being opulent with the latest iPhone and gold watches, while others are satisfied with having something to put on the table. Moreover, I'd say that a person who has mastered the skill of trading and is consistently profitable - already has a decent amount of funds available for trading activity OR it should be very easy for him to raise the funds.

Huge capital=huge gains/losses
Small capital=small gain/losses

Risk takers will prefer to fund big amounts and the reason why? It is because they don't mind about losing, no, they don't think about a chance to lose but instead, they positive about what they have started. The difference between the two small and big are just the numbers, they all can possibly lose but if you are good on how to make a trade, the chances of losing are quite low which it gives the idea why most successful traders are preferred for this.

Trading is a new occupation for most persons who wants to work from home. It is a very lucrative job that requires a lot of experience as traders are supposed to be familiar with not just what goes on in the market but also, the instruments to work with for better prediction of the market.

Starting trade with a small amount or account size is possible. You can open an account with as low as $10. The difference is, your going to be very scared of taking a trading position in the market. Why? Because of your account size. Considering that the market always starts from a rather loosing position and sometimes might even kick against your position a few pips before heading to your direction, you just might have closed your trade on a lose dye to your account size. This risk is what a trader with a large account size is blind about as, his/she is not scared and can hold a loosing trade for a long time untill it changes to profit.
That's where account size comes to play in trading.

Would really be subjective on how much capital you have put on and as mentioned it will really differ in numbers but the whole concept is just the same on how to make money out of trade
or investment.Of course its clear on whose the one do really had the advantage but on exchange it will really equal on the risk that they can potentially experience.
For people who are financially capabled then losses wont really hurt that much since they do have lots but it can really be felt later on when they are really on very deep reds.
Its never been easy for people to make profits neither you do have lots of capital to put on or just on average ones.

I think that is why sometimes, the risk-taker can have any chance to get a better result than the other people because they can accept the risk, and they can work hard to reach what they want. But that is not always happening to them because sometimes, they can lose their money, but that will not stop them from using a big amount as investment or trading.

I don't recommend trading with big amount or amount you can't afford to lose/risk. If you are a good trader and can afford to risk a million dollar in trading, then go for it.
I wouldn't bother about making "much" if I did not invest alot of money. I think I will gradually increase my trading fund as I gradually become better at trading and earn more. So, I will be patient with the profit as I learn with small amount of money.

Actually big funds matters too, in fact with big funds you can achieve a lot during trading all you need is the right strategy and the right coin, and for someone to take such type of risks he really needs to be sure of the coin and be less greedy as well; in this case Bitcoin fits perfectly. Most times, bitcoin traders and/or holders wins, in fact all the time, now assume someone holding Bitcoin when it was low (maybe during the pandemic) and then sold when it pumped, the person ends up with good gains.
But yet, on the other hand, there is a reason why it is always advisable to invest what you can afford to lose; this is certainly because of the unpredictable nature of the crypto space where some people can be patient with their investments and others can't.
So amongst all these I see it this way, check yourself first and if you are the patient type, then long term holding can work, but if you are not, go for Bitcoin but invest what you can afford to lose.

I'm sure people who make trading for a living do it step by step, which means they will start trading to get experience and learn the good methods that suit for them, not only need huge capital but also consistency.

Risk taker whales prefer to invest big have positive thought but it not that they dont mind about losing.

The chance of making lost maybe low if a trader is good but experience is what cryptocurrency traders need to thrive due to the unpredictable momentum the market poses without the sign of what triggers it.

Big funds means big investment, and a big investment may also be mean of big lose or huge risk. For me it doesn't matter how huge your capital in investment was as long as you know the principles of trading, you know how to control your emotions, you know how to play the market well then you can make the best out it. Let think of this, how so sure does having a lot of investing money make a trading for a living much easier? Trading has no assurance if you will gonna win. You can't be so sure that every investment you have will turn out successful, you must still consider the risk and the possibilities to get lose.

Slowly while learning the right process, it's not a quick way to earn but it's gradually happened when you already understand how the market really works, you can attest it with your personal experienced.

Always remember that in anyhow you are risking your money, there's no assurance aside from your will to developed you strategy that will gives you much stable favorable position.

There is also the chance that we do make the same amount of profit with the whales as well. Assume there is a defi and they give a certain amount of token for a certain amount of money, like let's say if you spend 100 dollars they give you 10k of that token and there is nothing more, you can't spend 100k on it, 10k is the biggest allowed, that means if that coin goes up we are all going to have the same profit from it as well.

I obviously know that is a rare situation and not what the regular trading is, but I believe it is still quite good as well, as long as we have a limited amount of equal chances with the whales we could take advantage of those situations to make a profit if we want to. The only thing we need right now is getting all the small timers all on the same page, be a big community but a family as well.

they are confident that they already made trading a living , these traders are experienced and already have another source of income to live because trading cannot be counted on at all times but some of these traders do also started small and they grow thier capital slowly .

there is speech that you "you dont need to be rich to get rich " i watch this on an ad in a video platform . its just an ad but they got a point and this really do happen to dedicated people .

Some people actually do what the OP has mentioned as a trading technique so I doubt that he can't do the same thing since there is very little risk with what he is doing and he is just trying to take profit with a 5% change which happens daily with Bitcoin. As long as he has a exit/cut loss point he will be safe with a few losses and a lot of trades that will have gains.  But you are right to say that there is more to trading than price changes as if he really wants to minimize the risk with all his trades the best thing he can do now is to try and learn trading through technical analysis so he will understand the different aspects of trading.

That is what I mean.  Like if you buy that much btc... it could be one or hundred... then say you want to make 5 percent... then get out... well you have your profit?  Of course the more trades you make, the better chances you can lose.  But isn't the statement you don't make or sell anything unless you sell?  That statement holds true right?


People say well you can lose a lot... well if you bought btc at ten k... even if it drops to 6k... well if you dont sell... you arent down money correct?   For example if someone bought hundred btc at ten thousand dollars a coin and spent a million dollars... well even if it dropped to 7k... sure your are down three hundred k... but you didn't sell yet... so that person isn't down yet right?  I mean if he sells it... yes there is a big loss.  But if he doesnt sell, there isn't any loss right?



And yea i mean like imagine you going to try to earn 5 percent each time.  Imagine sell it all at 5 percent profit.. then you just wait... Then say prices drop to 8k... now you buy another hundred btc or more since you have a million and a bit more with that profit.  Then say your goal is sell once it hit 8500... then you sell all and profit again.  Of course that could take as short as a day or months or even longer... but as long you don't sell ... well you dont lose right?

I doubt whales wouldn't worry about money, there was a book from Kevin O'leary famous shark tank investor and he talked about his past and how he became a rich person, and I could tell you that when he sold his company and put his money in investment instead of starting something new, he lost a big chunk of money once, and when that happened he was furious and very upset over it and he said he cried all night about it (don't know how real that is) and that is why I think whales do care about their money as well.

They might actually care about it more than you and me, if I ever crash and get poor, I am not too rich to crash too much money, in the end I will recover after few years, but when a super wealthy whale loses money, he becomes poor and that is not something you can regain so its the end for him.

Having lots of money doesn’t change anything in trading. This reminds a story of a friend when forex trading was new and trending and lots of people were rushing into it. Met a friend at a Cyber Cafe and he usually comes there everyday to do some forex trading stuffs and meet up with new people.

This guy wasn’t just a normal guy, he had lots of money to throw into the forex market, but it wasn’t working for him because he had no clue about how it works. It took till he bent down to learn it and invested his money properly before it worked. So it’s not about having money. There are people who had little funds, but due to they had understanding about the trading, they are able to raise that little money to something .

It is probably not true. He probably got greedy and lost a bit of money but no whale ever puts everything all in one basket,,, that is what makes them whales. I have seen and heard all kind of people talk about their experiences with money and you always hear about the sad stories from rich people, but they never sound real. We know real people stories and they are dark. Simple. No tears. Fear.

I agree with you 100% here because a lot of people think like putting a large amount of money will bring profits as there is a famous saying "rich gets richer and poor gets poorer" but this does not mean that you only have to put big funds into trading and profits will come of their own. You have to learn trading and implement each aspect you learn and then yeah with big funds will come more solidity and appetite to take bigger risks.

I like the story you mentioned about your friend but was wondering why he used to come at a Cyber Cafe since you said he had a big amount to put into forex so I was just curious why he didn't just had his own Laptop/Desktop.

In theory it is true with large capital, trading becomes easier. But when the practice will be different, so my advice is not to force
trading with large capital. Better we trade using the money that we can afford to lose, that's safe trading in my opinion. Because
using large capital is also a big risk.

It is not easy to trade with more money, but there are some benefits. Without trading knowledge, you can't make a profit by trading no matter how much money you spend. But many times it is not possible to make trading decisions and take some potential risks due to low capital which can be taken advantage of if there is sufficient capital. Therefore, it can be said that if there is more money, it is possible to use it at a proportional rate to trade in a relatively convenient way and make more profit. However, without trading knowledge, more money can not bring trading success.

That is the thing a business will give you way more profits than what the market can give you, but many businesses go bankrupt as well, if you have a way to produce good and consistent profits in the market then it makes more sense to invest in the markets if you have the capital to do so as over the long term you are almost guaranteed to be profitable.

However I know that what I am saying is in fact difficult to pull off as very few people have a winning system to begin with which makes the risk of creating a new business and trading roughly the same in which case it will be better to go for the business alternative as for the same risk it can produce bigger profits.

Especially given the volatility of the crypto market as the coin you buy now might become dust by the next morning and it might make you a billionaire too so it is just too risky to put big amount of capital. If you are buying to buy bitcoins and do things like day trading then maybe you can risk it because the price for bitcoins doesn't scare to go down all too much.

It also depends on whether you are buying new tokens which yield high profits but also bring a risk of higher losses or if you are investing and trading solid altcoins like ETH, TRX, XRP etc which won't give too big of returns but then there is small risk of losing too.

Trading is not easy this is why the most advise is trade the amount that you can afford to lose. Even if you have large of capital without proper knowledge in trading you will experience a big lose. As others, they thought when they invest in crypto it's just can give instant money. Proper knowledge has a big role when doing trading.