Bitcoin Forum

My first experience about Bitcoin,
I was busy saying Bitcoin is a scam for about let me say 1 year and some month not untill a friend of mine was into forex trading so I visited him and I was watching what he was doing so one day he made a big hit for about $2000 for just a night. And That's what push me more to trade Bitcoin with forex trading I didn't pay to learn.
But now am not into forex trading am into stock marketing.
I buy when the price is low and sell when the price increaseses.
And That's how I made my first $1000

The objective of every trader is to make money. Is it clear that we need to buy low and then sell high in order to earn money in trading? I applaud on your earnings. However, your topic is completely illogical. You never talked about the specific stocks, charts, and indicators you trade. However, perhaps your sole purpose here is to inform all bitcointalk members that you earned $1,000 through stock trading. Therefore, prior to creating topics, you might want to move your topic to the appropriate location and familiarize yourself with the forum.

Trading discussions- https://bitcointalk.org/index.php?board=8.0

Thats awesome Congratulation Mate,
 But i warn you that in markets if your strategy is working is a specific trend then its not meant that is best strategy and put all your funds to multiply ,
I suggest to use proper risk management which you might using , second diversify your portfolio and divide it so if anyone stock give you lose others recovers all your portfolio .
  You are doing great But at a point we get in greed and thats things that market teaches me with high loses .

So which is which bro? Something is definitely not right. Did you make your first $1000 or $2000?


Regardless, trading is a journey, today to can make very huge profits and then the next time losses. Be well armed with good risk management practices if you want to keep long in the game.

How much is his initial capital to make $2000 after a night?

If it is a $2000 or smaller initial capital, it is a big win even just by luck. If the initial capital is like $100,000 it is not a big win, just 2% from initial capital.

The more importance is did your friend succeed to protect his initial capital and that won part ($2,000) after all?

Trading in forex or stock means you don't own any bitcoin. Not your keys, not your coins and I'm sure that with forex or stock, you don't own any key.

Trading is more risky than investment and with Bitcoin, you will have best ROI by investment, not by trading.

Again, if you don't say how much did you spend initially, your story does not present that you succeed much.

Uhhh a little bit hurt for me  :'(

and you don't say the bitcoin is a scam right now right? forex, stock, and crypto is a volatile asset in my opinion but the crypto is very high volatile. But your friend's trade forex hit 2K in single night I think the initial balance is 1000+

but here is my friend I will give you some advice what you see is when the trade is profit of course it will be fun but you should now the market isn't always run in your direction so sometimes you will see a loss too so be prepared  ;D ;D

So you thought bitcoin was a scam, until you found out that you can make money by trading it?

Mate, being able to make money by trading something doesn't make it a not-scam. You can trade crypto scams all day and make money, but in the end they're still scams.

Your friend is very lucky to make $ 2000 in one night. You are also lucky to make $1000 but more important is how you can make the same or even close amount after you make $1000. This is sometimes more difficult than before because any market situation will definitely not be the same and will always change.

You are better suited to be in stock marketing, while others are better suited to bitcoin trading. And we should keep learning to make bigger profits. And congratulations to you @OP, who can make that profit.

I would appreciate it if you could provide more details about that particular trade rather than simply stating what you're up to. I'm not saying the story is made up; I'm just stating the post is questionable.

You could share how is your chart looks like, your risk:reward ratio, what's the overall market structure when you execute the trade, your entry and exit, how's your risk management or anything useful infos that can help us improve.

Buying when price is low and selling if it gets higher is the ideal of trading both real life and online, both stock, forex or cryptocurrency. Now that you have made your first profit don't throw caution away because you still need to understand that there different risk in trading so you need to trade with all the mechanism of trading to avoid unnecessary and huge loss as it looks you and your friend are trading with heavy risk tendencies. Be careful not manage your money well to avoid huge losses when it will come.

Be very careful, according to your story you thought bitcoin was a scam and what changed your mind was not an exhaustive investigation about the economy and how money works, you changed your mind simply because a friend of yours made a lot of money in front of you in a short amount of time, and this is the incorrect way to judge an investment, if you earned money in a ponzi scheme this will not make it legitimate since many other people lost money with it and if you began losing money with bitcoin this does not make it a scam either.

congratulations my friend, you have really come up with a brilliant idea. Buy low and sell high, It's a real wonder that no one has thought of it until now.
take this as advice, you need to actively trade for at least a year to be able to talk about any success, things change very easily and your $1000 or $2000 from the subject can easily become only $100.
I sincerely hope you don't appear on another board where you offer your advisory services or "successful trading" tutorial.

Then that's great and congratulations.

If you're no good in the other markets, you better be jumping off from one to the other and see if you've got the potential to grow there. But we're just in talks and having some conversation without proof.

But I'll give you that and still have congratulated you with that achievement that you've mentioned. You just have to be consistent and see if you'll be able to make it as your day job.

For OP, can you share your experience when you start to trade Bitcoin compared to Forex or stocks?
How it different from cryptocurrency, I know someone that are traders on forex and stocks for a long time and they are profitable, but when they start doing to trade cryptocurrencies, they are not profitable anymore.

Each market has its own characteristics so traders must build up their own skill sets for each market. They can not apply same strategy from stock to forex and cryptocurrency markets. A strategy can work fine in stock but fails in Forex and bring nightmare in cryptocurrency market.

With cryptocurrency market, it has many differences than stock and Forex markets. Because it is a young market which little regulations so it is more sensitive to news and regulatory rumor as well actual enforcement. In this market, you can trade well in 2 weeks or 6 months but suddenly, the market flips its trend and if you are not careful and don't have good strategy to cut loss, exit and protect your capital, all profits will vanish in a few minutes or hours.

Congratulations Op!
Your thread title said about how you made your first $2000 but the body of your thread said you made your first $1000 which is a big contradiction.
Again, the way you narrated your story like a novice who kept watching his friend trade forex and from watching forex trading he learnt to trade stocks. I feel you didn't tell the whole stories how it is supposed to be. This story may likely deceive newbies to think that trading volatility is so simple and they will fall for it.

This is just it!! Is that all??!!

I do not know, but I feel that there is something missing in the story, everyone understands instinctively that trading is buying at a low price and selling at a higher price, but is it that easy? I do not think so.

Everyone is surprised that you earned $2,000 on your first day of trading, but perhaps this could happen, but of course it will not always happen. It is possible in the next times that the exact opposite will happen, so you have to learn well and gain more experience so as not to fall victim to your first success.

Maybe @uche6215 skipped a part of the story because I also think that he went from not trading to earning 1000 in a short amount of time, so he either took his time to learn how to trade or he just began trading without knowing what he was doing and he was lucky enough to get those profits, but if it is the latter then @uche6215 needs to be very careful as I do not think he can sustain those results and it will not take him long to lose those profits and the rest of his capital.

You’re into stocks, forex and crypto? Since these are all different market though have the same trading rules.

Well, you’re not the only one who don’t believe with Bitcoin at first but the moment they start earning crypto, they will realize that they are wrong and they are starting to explore this market. If you already made profit from your Bitcoin activities, then its good for you try to learn more and you’ll see a lot of opportunities here.

How can we earn a crypto if we don't believe at it? But, to be able to earn we must believe on it first because this was the only way for us to buy and hodl them. The OP is not into forex but he only applied what he learned to it and it work. Well, that's no surprise because like you said all of them have the same rules and that is to buy low and sell high.

Since the OP just learned forex, why can't he just try it as well right? Because even though they have the same rules, their market is still different from each other. what I know is that stocks and forex market are more stable but crypto market is highly volatile. It's much riskier in short so it would be better to diversify to cut the risk.

How about your next trade @OP? Can you also get that big profit?
You have used the basic lesson of trading: to buy when the price is low and sell when the price is up.
And if you keep it up, you can get a profit that might be bigger because of the potential for a price increase later.
But if you are complacent and don't learn more about trading, you may find it difficult to make that big of a profit again.
But congratulations to you @OP, who have been able to get that big profit because very few people can get it and it depends on the capital they use to trade.

There is no need to rush in trading to avoid mistakes. If op is cool with trading only stock that is fine if he is making profit from it because profit is what matters and not to go in for a trade that you are not certain for your profit. So he need to take his time a little more and master his profit techniques with stock trading before looking at another commodity to trade. Taking your time to master a particular kind of trade gives you an edge.

What does this mean "stock marketing"? I know stock trading. But how one may earn 2000$ with stock marketing? OP, this all sounds confusing to me, please try to be a bit more clear.

So what your decision sharing your experienced about first profit above $2,000 trough stock marketing here? some people here discussing about Bitcoin and altcoin trading and less of them sharing from other trading kinds could be from stock marketing or try with forex. Actually I understand well with stock marketing and forex trading are both ways is not recommended.

Forex trading more risk than future trading because all your assets loss when wrong predicting, but for stock marketing seems difficult can reach higher price more than 30% and I have experienced with several stock marketing have been drop drastically.

What did you share, OP?

You are saying that Bitcoin is a scam, and then because your friend is doing forex trading, you thought to trade Bitcoin with forex trading? Like what? Usually, if we're talking about forex trading, it's the following.

• Trading foreign currencies
• Not cryptocurrencies

Maybe you are talking about trading in general. Now you are talking about stock "marketing"? Do you market stocks? You need to be clear with what you are talking about because it doesn't make sense.

Hmm, interesting story but not that much detailed one. You might have had some nice moves in that particular stock / trading but it wont happen all the time. Be grateful you learnt the power of stock market and how it make you good amount of money. However, on the other hand you should know that it can also take more than enough from your pockets to break you down.

There had been cases where people had wrong judgment of their trades and they lost a lot of money that they would earn in next decade or so. Trading should be taken damn seriously.

Must do things:
1) Gain expertise on stock and money market.
2) Learn basics of trading. From A to Z pattern
3) Go for Technical analysis and Factual Analysis all the time.
4) Join multiple analysis groups, be active and ask questions.
5) Do not dare to trade, but trade to learn.

Hope these tips will help you in the long journey of your trading.

Do not under estimate these, they come from the experience. From the failed trades and after analysis of why those trade failed. :}

Its confusing because he talks about Bitcoin and forex as well, maybe this is about trading in general and since OP is not a believer of Bitcoin before, maybe he realized that he can trade into this market as well and make profit. Good to see OP is doing well in trading and have that profit, maybe if you’re going to talk about Bitcoin next time or any topic, just be more specific so we can also understand you’re point, because here OP talks about different markets.

If you are making that money then be grateful because its not something that someone could easily deal off with.Buying low and Selling high might really be that a basic thing but its not something that all people would

be able to pull and become that profitable.Im aware with stocks/forex trading which there are already some brokers who do really include Bitcoin into their trading pairs which it isnt really that bad.
But it would be better if you do stick on trading up on crypto platforms rather than those highly regulated brokers out there.

If you are making money then be consistent because sometimes on your first try out as a newbie ends up on just beginners luck.  :D

Thats the aim of all traders, whether it's Forex trading, Bitcoin trading, or the stock market. If our mindset is to make money, there are many ways for it to happen to us as long as we can invest.

    That's why, if that's how your experience has been good and you've learned, we each have our preferences in which we can easily get profit from an opportunity that comes our way.

I think how much initial capital doesn't matter, what matters is how much you earn, and 2k$ is a huge amount, it's a big win. What would you do to make $2k a night even if you have $100k on hand?


For stock or forex trading, I have never seen anyone complain about scams or crashes from the exchange, it's not like in crypto. Stock exchanges or forex are strictly regulated by legal authorities and can be said to be quite safe when we invest. I have been trading forex for 5 years with an FBS broker and have never had a problem with it.

You may not like trading, but just because you don't make a profit from trading doesn't mean others can't either. Trading is a major method of making money across all financial markets.

I admit you are completely right about that, trading Forex or stocks is fully regulated by local authorities so there is very little fraud.
Trading with a trusted and recommended broker will be very good to do. Your 5 years of experience in forex trading certainly cannot be doubted.

But have you never traded in crypto, with the high volatility of course and quite risky? Forex trading may be safer without high volatility, every Saturday and Sunday trading is closed. But crypto never closes and continues to operate 24 hours.

Just need to choose which trade is good and can be profitable. Forex or crypto both have advantages and disadvantages.
But if you want to be free from the supervision of legal authorities, then crypto trading will be highly recommended because it is also decentralized.

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About the OP's statement that he made a profit of $2000 overnight, of course, it is an extraordinary achievement.
But will it be able to last? Of course it won't last forever, OP just hasn't mentioned how much he lost during trading.
Trading looks simple, buying cheap and selling at high prices. But on the market, it will not be that easy.

If you think you're satisfied with the results of your stock trading, then continue and don't stop with your busy life since 1 year ago. It doesn't matter, after all bitcoin has come to a point of glory much higher than it was 12 years ago. $1k may not be a significant increase in market cap even if you enter. :P

Whichever trading whether forex trading or stock marketing that enable you to earn $1000 profit just stick to it, I am sure you have a strategy that you followed which can guarantee you consistent profit making which was what you had learnt and for earning such a huge a huge profit you might have use high leverage or future trading if it's cryptocurrencies trading, I wouldn't advice you to divert or diversify to other trading option which I think might be too risky, just continue to follow the steps that made up to earn profit, however trading is very risky please be well guided in your money management.

It's not about the profit you got from trading to indicate something a scam, there are so many people that intended to find scam-looks project and enter it first then escape later with profits.
But still, There is no foolproof way to determine whether a cryptocurrency project or coin is a scam or not but we have to know it is important to conduct your due diligence and carefully evaluate any cryptocurrency project or coin before investing. Don't rush into investments, and seek out reputable sources of information and guidance.

I appreciate your Bitcoin experience and stock marketing achievements. I agree totally that every trader's goal is to make money, and buying low and selling high is one strategy for doing so. It's crucial to remember that successful trading necessitates extensive research, analysis, and strategy. Despite the fact that it's exciting to hear that you made your first $1,000, it would be beneficial for other traders if you could give more particular details regarding the stocks, charts, and indicators you employ in your trading. In their own trading experience, they can use this to develop understanding and make defensible decisions. I am also aware of the significance of posting topics in the right section and reading up on the forum first. Overall, I'd like to congratulate you on your success and wish you continued luck in your trading activities  :D :D

Best wish

Buy low sell high is the main principle of trading. You can use your intelligence to make profit in any market, so if you don't have any knowledge about trading then you can't make profit in any market. Thinking yourself an expert and lucky just because you've made a profit one day is risky, because any strategy doesn't always work.

You can also make more profit from crypto trading if you can trade with an effective strategy, because the crypto market is open 24/7 for trading. If you can't do well in any market it is not correct to call it a scam, so just because you didn't get good results from the crypto market, Bitcoin won't become a scam for everyone.

Your friend must be a good trader who has its own strategy to make such profit,you also learnt forex trading from him and you did made half of what he got. Kuddos to him but you should know that, your strategy is working for you doesn't mean you should get carried away and involved all your funds into it,because the market can turn around and not be in your favour.

Bitcoin is a volatile asset and its market is a risky one,which if you don't have a good risk management in trading, you might end  up losing so much. Making profit from bitcoin made you believed that bitcoin isn't scam,I guess if you loss from trading or bitcoin price goes below the amount you bought,you might end up calling it scam. Don't only think of the profit which you are making in bitcoin but believe in bitcoin, so that no matter the price,making profit or having losses,you don't panic.

Honestly, I rarely trade crypto, as it is volatile and still a manipulated market it becomes a lot more difficult to analyze cryptocurrencies than forex. I trade daily with forex and invest long term with crypto, doing so I feel better with everything, crypto is too volatile in a short time, so I limit trading with them. And I don't think crypto trading will escape regulatory scrutiny because if you want to trade, you have to do it on centralized exchanges.

I still believe OP can make that profit overnight, but you are right, no one can maintain winning forever, trading will have win days and lose days. He didn't mention the days he lost.

From what you have said it sounds like you have a friend who has good knowledge of trading and I think he is a good trader who definitely has a strategy. I just want to say, don't let this opportunity pass you by because now it's very rare for people who can teach us directly about trading, moreover it's your friend who I think when learning the atmosphere will be more relaxed because they are used to communicating.
But it must also be remembered, you should not be too complacent with the big profits you get at the beginning, because if you are too complacent then it will not be good for the future.

It becomes your personal decision whether you want to trade in crypto or not. But it's a good decision if you know the real risks of crypto by choosing crypto only for long-term investment and still trading actively on Forex.

Crypto fluctuations and some of the manipulations that are carried out are indeed very risky, because it is difficult to make predictions, and the market is not easy to predict. But those fluctuations will also provide faster returns. If you want to be safer try spot trading, it will be better for beginners than two-way trading or Futures.

and as for centralized exchanges, currently, Binance is a popular centralized exchange and has to comply with government regulations and so on.
Right now it's hard to get away from government law, but at least crypto can be an optional choice for privacy issues, because it can be transferred to a private wallet with its own key.

Last night's gain was only a causal spice so it will feel good. When it ends there will be bankruptcy terms overnight.
Being able to maintain wins will be very good, but if you are consistent in minimizing losses, that's even better.
Victory is certain and loss is also certain.

Having a mentor or teacher considering that having a good gain in his portfolio is really good to stick at but of course you should really make yourself that learn also so that you wont really be relying on him forever.
It is true that it is really that an advantage if ever you have someone close that would really be your guide on your trading career which is something that make things a bit easier rather than on being self learn.
You would be fasten up your learning curve but of course it would really be still depending on how you would trade on your own.If ever you do see positive results on what you are currently
dealing with then try out to sustain no matter what.

There are a lot of factors that come into play when you are trading. Your friend must have good skills to get a good amount of profit or he must be lucky.
You on the other hand, are starting to trade just now and you must pay attention to a lot of things.
You should start learning how to trade because if you don't then amount you won can be 10 times more in loss.
At the end of the day, if you are not learning from your trading experience then it is just gambling and not trading.
You should learn, adapt, overcome and improvise to sustain your growth in trading.

Buy low and sell high, it is the best trading strategy. The problem is, how do you say low and how do you say high. It's easy to say it's already high because you've seen profits since you bought in, but how do you ensure your entries are low and timely?

Many traders have a hard time finding lows to make entries, it's because they are unable to analyze the market. Obviously you have to have the skills to do analysis before setting a low price to buy, and this is not really something any user can do without a lot of learning. Something easy can be said about markets and trading, but the practice is mostly different.

Your OP is conflicting with your subject of discussion, the subject says "how you made your first $2000" but then, in the OP, you told us how you made your first $1000, this makes your story not so interesting to read, but anyways, i would still say a big congratulations to you, making money online and most especially, through trading is not always that easy.
Though you said stock marketing, I am a bit confused though, what exactly is stock marketing? and how is it different from buying and selling of currencies?
I would appreciate an answer please.

You have chosen the only win-win strategy for yourself. And it could be called guaranteed earnings if you really could always correctly determine where the minimum and where the high prices are. So if you are lucky enough to correctly determine the price movement, then this does not mean that everything will be so simple in the future.

So you are suddenly became a believer just because you made 2 grand from forex trading? You could have made the same amount from trading bananas. Would that make you a banana believer? I think sooner or later you will mess up your trading and again should will say “bitcoin is a scam.” Since making money made you a believer, losing money will make you a hater again.

What about quitting that shit game and become an investor instead?

His story seems difficult to believe as he is so quick to change his stance on bitcoin, and this is dangerous as I have met people like him on the past that believe that as long as they earn money with a scam then the scam is legitimate, and if they lose money with a good coin then the coin is a scam, and this is a flawed thought process as bitcoin is by far the best coin we have in the market and there is no way it can be classified as a scam just because there are some people that lost their money with it during the bear market.

I do have the same thoughts on which you would really be making yourself that believe that you are really that doing well on something just because you do see some positive results but later on those words

turns out to be positive will really go to negative on the time that you would really be experiencing up some losses.We cant really make out some direct conclusions on something that we cant really be that

able to deal up with very long time.If you could able to sustain and make yourself some money on long time manner then its great, not all could really be able to pull it up
whether you are dealing on a stock or forex or crypto market.Trading is never been that simple.

Op can you restate your topic with the content. On the topic, you make $2000 while in the body your friend made $2000 and finally you made $1000 from the breakdown of the above I came to confuse myself who really make the $2000.  99% of the users today were also thinking the same way you were thinking but evidence has also convinced them to join the journey and they are major beneficiary of the ecosystem now. So if really you hodle such amount then keep up for the bull time.

This is the definition of "click bait" and made up story.
In the title you claimed that you wanted to share how you made your first $2000 but on reading your post it turned out that that amount you earned was just $1000 and not the $2000 that you claimed. And also your story sounds unrealistic to be honest m, I have read so many stories of how people got to be part of Bitcoin and crypto ecosystem and how reluctant they were when they first heard about the term "Bitcoin" and even after much lesson they were still reluctant to invest in it, but in your case they was no element of doubt and it's like you just took a liking to Bitcoin the moment you saw it.

your explanation on how you made your first $1k is very weak and I am still think how easy you had explained it because since I starting traxkng the path is not as easy as you have explained it. Summary of your write-up cam even make someone that does not know anything about trading to start having urge to make more y too in trading which is not as easy as you had explained.

Whether you paid to learn or not I am happy for you that you made such amount of Money in a easy and comfortable way. Sometimes your luck may shine and you will be lucky to make a huge amount of money at first but when you start seeing the reality of trading, you will start making loses.

Nobody person that doesn't have the double thought of Bitcoin if someone tries to brief the person of Bitcoin, so i believe that it's someone the friends is a beneficiary in Bitcoin investment be will be inquisitive to join the Bitcoin investment, so many people tagged Bitcoin as a measure uses for scam, so that's while when introducing people over Bitcoin you have to educate them on the advantages and disadvantages of Bitcoin investment, because it's obvious that not every one who invest in Bitcoin will come out with a potential profit, so it depends on the strategies measure use for trading.

I got confused and felt lost  ???. How did you do it? Forex trading, then Bitcoin trading? Forex is only for fiat, and crypto is for crypto. I don't know what you really mean, but your information is very vague, and we can't really see the pattern of how you earned that $1000. What I only understand is that you were back to trading because your friend earned a huge profit, and you want to do it too. Continue learning, and can you tell us from your trading journal how and what strategy you used to gain those first profits of yours?

Market could be classified into stocks,forex,indices and cryptocurrencies which you would be needing to be profitable and if you do see that you could sustain then that indicates that you are doing good.

Not all ends up on being profitable no matter what market they are getting involved into.Predicting prices even going up and down isnt something simple as it looks.We are really that struggling on becoming
profitable and we do have our own ways and methods on how to handle ourselves on market which is really that unpredictable when it comes into its movement.

Sustainance is the key and its not something you could be able to get on a shortest time as possible

 It is undoubtedly a happy news for you that you are able to profit in the first place Because now most of the trades are more likely to fail due to market conditions Really you are lucky that your investment is successful still check and then invest so that you don't face loss.I must acknowledge that you are 100 percent correct; local authorities fully supervise dealing in stocks and forex, thus there is very little fraud.It will be best to trade with a broker who is reputable and highly rated.If you are successful in trading like this, you will be considered a successful trader.

I totally agree with your dope comment about market classifcation. However, lemme tell you a hilarious story about my dabbling in cryptocurrencies. One day, I decided to throw down some dough on a new crypto that was bein hyped up by the media. I did my homework and thought it was a sik opportunity. But who knew? That crypto turnt out to be a total scam, and I ended up loosing a fat chunk of cash. It was a harsh lesson learn, but it taught me the importanse of doing my research before putting my paper on the line. It also schoold me that the market can be hella unpredictable, and stayin profitable ain't no cakewalk. It takes discipline, patients, and a tight-ass trading strategy. So to all the hustlers out there, make sure to do your due dilligence and not get lured in by the hype or those get-rich-quick schams. Hapy trading, y'all!

your word is inconsistent , you said in title that you made first 2000$ but it seems that you only made 1000$ ,  so what is the true count here?

you seems to be making a story just to earn merit lol.

but if you are legit in your post? then congratulations mate, because I made my first thousand dollars in bitcoin comes from my Signature payments years ago and those are the beginning before I added more funds from my real money investing in bitcoin and other altcoins as well.

Lucky indeed if this is a true post and not just a hand made art.

And that is the way it should always be, newbies fail to understand the inner workings of the markets, there will never be a time in which it becomes easy to make money here as we are all competing against each other to make profits while we have to deal with the scammers, and if anything it is going to get harder and harder to make money as the overall level of the traders in the market keeps going up as professional traders begin to join this market, while those that were part of this market already are gaining experience and they are improving as well.

How does this works, how long did you get to know about the marketing and first made $2k and then makes another $1k. For how long do you go through this training how possible is it for someone to just venture into it and make a total of $3k without going through exercise of learning?