Bitcoin Forum

I think that now everyone is thinking about starting to earn on cryptocurrency. But I am still in doubts. Should I start and how?

Hi
In your case,I advise you to study stock trading strategies first.
But the difference between cryptocurrencies and stocks is that the volatility of cryptocurrencies is huge and the price of altcoins is highly dependent on the price of bitcoin.
That is,bitcoin is the pricing factor.

If I say Some Day's Ago Trading Luna😄
Everyone Profit Gone /loss

But Some People Buy luna and Sell high price
Like My 1 Friend got Profits  luna Project
I am shocked

So be Carefully Trade guys✌️✌️

Starting should not be a problem to you because change will direct you. If you want to start earning from cryptocurrency the. You have to be patient to learn how it works. Cryptocurrency is risky so you don't have to rush it because you might get scammed just like other newbies that had been scammed because of their lack of knowledge of how the crypto space works. You can go to YouTube and ask similar questions to get a good answer that. Am direct your path on how you can get good understanding about everything you want to know. You can always enrol for crypto class if you have the fund for it or simply an online class can be less expensive.

When you win, someone is bound to lose.

A solid way of earning passive crypto would come from staking imo. I don't have enough to continuously trade and try to earn from it. I've been too emotional with my trades in the past and got burned bad.

What is certain is that we must first learn the knowledge, it can also be done online such as Google YouTube and so on. or it could be to people who are successful in investing in crypto. and in my experience if you want to invest in crypto you have to wait for a good moment and estimate the right price to buy. and also if at the beginning the capital should not be too big first, because we will see our ability to invest first. if we are successful in investing the initial capital, then we can, the capital is enlarged. and I suggest that if you invest in crypto you should be able to choose quality crypto. and if I personally prefer bitcoin for my investment. because I see great potential in bitcoin. and also many fans. That's why many countries are adopting bitcoin. because they see great potential.

It's never too late to start, but you should have started with crypto earlier

according to my experience we have to be good at buying crypto and have to be patient waiting for a good moment and when going to buy it it must be when the market is bear and also in my opinion if you want to buy crypto you have to buy quality crypto.

Lots of people will give you crappy advice so I’ll just advise you that very few ‘active’ day traders make money. Most of them fail miserably. You need to buy bitcoin & hold for multiple years. Actively trading is recipe for disaster.
Save regularly with your monthly income, buy bitcoin, don’t spend or sell it. Come back & thank me in 10 years.

The best advice is here

According to me it is not easy to earn through cryptocurrency. Because, I think doing trade here requires a lot of patience and risk-taking spirit which is not seen in everyone nowadays.So, it is very impossible for common people to earn through currency.

First, educate yourself. There are free resources to begin with. Do not invest your money blindly. And read from multiple sources to verify information.

Before starting, I would recommend you to complete your education. Crypto trading requires knowledge of technical and fundamental analysis, trading psychology, and risk management. You can find some videos on Youtube to get started.

I'm always afraid about trade because, When i enter trade always lose many $.

Need more readings before you jump into trading crypto

Yes, it has to be like that, friend, because I have always been like that, but in my opinion the most important thing in investing in bitcoin and crypto is to be patient waiting for the price to fall, even though I have to wait a few days, because I have experience in the past I always lose in trading, namely invest in crypto, namely because you can't wait for the price to drop and end up buying at a high price, for fear of the price later. became more expensive, and finally I bought it, after I bought it suddenly, the bear market came, and it really drained my money, and finally after that incident I always be careful when buying. i.e. always wait for the price to drop first, because in my opinion, buying crypto during a bull market is very risky.

BUT THIS IS ACCORDING TO MY EXPERIENCE.

Well, I understand wanting to get into trading cryptocurrency but I think this is a sub-optimal investment strategy. It’s very hard to determine the optimal entry point and exit of an investment. For example, I believe bitcoin has a high probability of being valued at 100K in 2023.
Therefore my recommendation would be to hold long on investments that you feel fairly confident about over a longer time horizon. Also, never invest more money than you feel comfortable losing.
And lastly, hold on with dear life and never panic sell because I get so much pressure from others to sell before my investments have had time to mature.

Its is not an easy thing to trade and earn from cryptocurrency because it is too much risky and may cause a big loss without learning and trading skills about it.

Buy cryptocurrency before it's too late.

Buy altcoins at low price and sell at high price. But you are too late, Bitcoin was good for buying many years ago.

Cryptocurrency trading can be very profitable if it is done in the right way with proper knowledge.It is much more easier than the fx market cause it does not have so much manipulations.It can be a good way to earn some extra income if done in the right way.

You can always start, read about earning airdrops