Bitcoin Forum

Many people ignore trading of bitcoin just because of fear of loss.
But trading is the proven quick money making process, so for bitcoin too.
Either learn some lesson in text or in practice with your money or in trail account. Then we can shine in trading by making huge profits. Agree?

I am a nothing in trading so my thought cannot be make as a reference. I think that it is very hard to do trading and some lessons cannot offer the needed capacity to have profits. For more "huge profits". I can write impossible but can be someone very gifted that can arrive this but 99% of the others no. I think it is impossible. Needed a good adviser and to much practice to have the necessary abilities to earn almost continuously in trading.

Yes. I agree. But people makes lot of money in bitcoin from their smart work when we compare same type of opportunity in dollars. That's the reason we lack in volume in bitcoin trading.
May be it would take some time, like forex bitcoin trading also go as a main earning source.

Trading doesn't have to be that hard. Especially when you just buy low and sell high a few weeks later. Every one can do this. Beside that, trading isn't a proven method for quick profits. For every person who makes profit, there are several people making a loss. If everyone was a pro trader then there wouldn't be any money to be made.

bahahaha wow you guys make it seem soooo easy nobody loses money trading  ;)

Trading Bitcoin and alt coins in general has become much harder lately. Volatility is gone and that's a main thing you need for trading. Bitcoin has been relatively stable in the $200-$300 area throughout the year. Also alts are in a complete depression. They keep going down constantly so that's hard for trading.

I am not complaining, screw the trading. I love more that Bitcoin is stable than that I would like to earn some by trading.

Nope, I disagree with you completely. It's not easy at all. It's anything but a quick money making process.

You're trying to predict the future and it's almost same as gambling if not exact and I have seen the best of the traders/gamblers fall and it's not pretty when it happens.

If it were THAT EASY, you wouldn't be here telling people to do it.

Have you ever done it yourself?
Practice what you Preach.

Trading is not for everybody.

You have to ask yourself, whether you can deal with seeing unrealised loss for a while.

This, and having the discipline to know when to trade, and when to sit out to wait for the best setup possible.

It has taken me 2 years to become a profitable trader, and I'm not going to pretend like I don't make losses because I do. But its about managing the risk/reward and knowing when to cut your losses before they become big. Live to trade another day as it were.

Since the relative stability of BTC, I like many other traders have moved to other markets where volume and volatility can be found every single day.

If you want to find out more, do hit me up a message.

do not be afraid to make trades because we can try
without capital with a demo account first to learn to
recognize the system

Yes, everyday traders loose more often. So we must choose a perfect entry to trade for a day. This way we can eliminate everyday tradings. Those who has strict plans and ideas to the trading, they will make handsome amount of profits from trading. So, avoiding daily trading is the best option.

It is not as easy.

Yes, buy low...but What is low? which seems "low" today can be much lower tomorrow and even lower in a week.

At least for sell "high" we can define it as being higher to the price you bought, but again, it could go much higher.

Low is very relative. At least in traditional stock market you can "value invest" and know that a company is really lower than it is worth. But with coins it is hard to know that. Very hard.

I think all these people thinks any one can make easy money from trading but in the actual fact over 80% people lost money in currency trading. If you want to make some money then do not go for day trading instead trade for long term then yes one have an opportunity to make some money but definitely no for day trading.

trading is only for big manipulators, i learned this even with fiat, where the trend shift at will, probably at their will, when the trend shift you're fucked, you will lose big

I think that this depends from what you trade. If you trade fiat money you can have profits (even big profits) only having an untold and reserved news about something that will happen for sure and connected with one of the fiat money. This "secret" can change the price in one exact direction. Knowing this direction can make you have to much money without doing very few thing and without being a big professional in trading. Only doing the right action before the happening of the expected event.

Yes trail account are for that reason to get rid of our fear of loss. As OP stated many people are simply ignoring trading in bitcoin just for fear of loss. But trading usually have huge potential of bitcoin earning. So, test your skill or luck with demo account, if suits continue in real account.

There are risks with cryptocurrencies just like with forex or the stock market. You cannot predict the future so it is still a gamble.

Yes. Trading in either forex or stock or in bitcoin, poses some risk. But still people are willing to do that just by considering the profits we could make from the little risk we take. That's the reason there are more volume in exchanges.

No,i would say you can't make money so quick by trading..Trading takes time and experience to develop some serious strategies and the value of bitcoin doesn't rises much like in earlier days..Now may be the movement might go to 3% in 24 hours and that's not much profit unless you are trading with large bankroll. :D

Thanks for your post. I don't trade and i don't understand nothing from trading. I want to believe you. But I think (thoughts Of someone who haven't trade never in his life) that trading is a little different from trading. The price of various cryptos can be "manipulated" from big players or owners (or developers) of the crypto is question. In gambling there are no possibility to do this.

I miss the volatility, but can agree that the stability might be better for Bitcoin as a currency.
There are still a few altcoins around to make some profit with, made quite a nice profit by buying Bytecoins for 0.00000007  a few months ago and selling when they hit 0.00000024.

Might have been pumped without me being aware of it, but still made a nice profit :)

Alt coin trading is good as long as you choose a stable and with back ground alt coins. When I have invested into Clam coins, I was able to see big profits as it's analysis shows it's steady nature and initial distribution methods.  So, if we follow some altcoins keenly we can find some best way of profit making.

Agree totally. For example me. I have not faith that me can be a good trader some day. Seems that is impossible for me to find or predict the movements of various currencies or coins. Seems that there are no rules in that. The only thing in that I believe in trading is to have info before the things happen. So if you have various connections that can have to many other connections, the lasts can have reserved info (before) which can cause the movement of the value of currencies up and down (depends from various factors). If you are able to have such info and such connections you can have profit and be a successful trader. If not I find hard to see myself in trading.

Having all the information about the economic events alone will not help you to be a successful trader. Now a days information are easily available even the event based alerts will arrive on time in your mobile to alert you.
To be a successful trader, we need depth knowledge on trading instrument as a proper plan more importantly a emotional controlling mind set.

Totally incomprehensible for me the words in bold. There are literature for those things? Not because I want to become a trader (I will be never capable to be a trader) but only for curiosity. I want to read about those.

To be a shining trader we must need those things to follow or must have in our daily trading plans. With out them or only having few things like connections with information will make a trader to fail in his trading leading to a heavy losses. We must trade properly other wise quitting is a better option.

Sorry but yours are only beauty word that have any sense for me. I can create tons of beautiful words like those which tell nothing. I am asking something to read while you make me moral. Do you have something that i can read and that make me understand or how to put in practice your words? If yes, please show me when to find it in order to read something.

As for me I can give you an example that a good connection can make you big money. Someone important know a news which when will be declared will increase the value of us dollar (for example an expected large rapid increase of the economy of USA). This fact, when declared publicly, will increase the value of us dollar. If this person tell this news to me (or to someone which then will tell it to me) I will bye to many us dollars immediately. Then, when the news will be declared the value of us dollar will be increased and I will sell all my dollars. I will have to many profits only by the reserved news have from my connection. If this situation repeated to many times I can make tons of profits. This is an example that show that if having good connections can give you tons of money in trading.

Exactly this! Look at my post earlier in the thread, that's what I claim as well. There is just no volatility and trading has become much harder. That's basically the reason why I stopped trading altogether.

Yes we must learn more about trading then only we can succeed there.
Bitcoin trading very much similar to all other tradings like forex trading. People rush into bitcoin trading with the greed of making lot of bitcoins in a small time frame. But market is more vulnerable to loose your initial investments in a single trade also.

Where do you recommend to learn lessons in trading?

There are lots of resources available for trading lessons. Lots of e-books available on different trading strategy like candle stick pattern recognizing or swing trading or based on multiple moving averages.
Better start learning trading with a trail account. Learn where to buy bitcoin or sell bitcoin based on some reason for profit making.

there is a good guide on youtube check for it, just type altcoin trading or bitcoin trading, they have done plenty of video about it

Very good point.
As bitcoin matures, trading bitcoins becomes more and more like trading stocks or forex.

One has to have a trading plan and a discipline to stick to it.
Proper risk management is usually the key to becoming a successful trader.

Yes, I agree. It's best to start trading with small amounts, say some satoshis, make mistakes and learn from them before moving into large btc sales.

Try with small amount and learn few things about trading.Trading,like any investment,can cause you loss or bring profit.If you fear losing,you should not do any business because every business has equal possibility of profit and loss.I myself has made small profit in trading and I think it is a good option to make some profit or maybe loss

yeah, i agree with this. trading is a very good method of making extra bitcoin/money. and i have always suggested trading to those who are looking for an investment method because with some time and practice you can easily get the hang of trading and make money. especially in altcoin markets where there is a lot more profit waiting.

Yeah, I have also heard from a number of people that trading is risky, but I am wonder that how isa business risky if it is totally in your hand and dependent on your choice,  Whenever we learn a little knowledge about trading in bitcoin we will find it more and more interesting and we will find that it is not risky but a safe mode of earning a good amount of bitcoin.