Bitcoin Forum

Hello,

I need your thoughts and opinion about trading altcoins.

I already started learning trading, done few trades, reading some info and I really like it but one questions arose in my mind ... can trading altcoin be treated like full time job/real business?
I mean, i am really motivated to keep learning and keep improving my trades and I really want to spend as much time as needed in order to be professional trader and make money from it, also I am planning to start blogging, start creating info products, make social following, build list on TRADING ALTCOIN niche, BUT ...

My question and concern is if trading altcoin is something which I really can learn, make money and share my knowledge with other's or this trading business is more based on luck and it's like gambling ?

You see, If it's more based on luck and not on experience, knowledge, I think it wont be good idea to keep learning this and especially share my knowledge with other's.

I just need to know and decide if I should put my time, energy on trading altcoin niche.

Please share your thoughts !

no i don't think it can.
because the market you see right now, which is so active and looks all fine and rising, won't last forever. it actually is not the first time this bull run in altcoin market happens. maybe the biggest so far but certainly not the fist and won't be the last.
which means you can't really think of it as a full time job where you earn a living from.

but it is possible to do so!
trading in general is a bad way of making a living in my opinion because of the risks it has. and when it comes to trading altcoins, which are heavily manipulated things become even riskier.
and besides no logic works in altcoin market most of the times. so you can't really rely on things such as TA,... to speculate the market and make a move.

I think it can if you are really good with trading, although not every time you can make money from trading, but it can make a good profit if you got a lot of experience and skill in trading, but it is a bit risky to make a living from trading

If your question only "can trading on altcoin be treated like full job?" the answer is "yes, it can", but if your question is "can we get stable income from trading on altcoin?" the answer is "no, you can't". Focus on what we like is important, but do that after you are interested and really want to learn that, and good luck once you decided to trade! ;)

it depend from trading results it self because trading is unpredictable job you cannot know how much you loss or profit today and the profit will not same for each days however better Making trading as your side job and still focus for your actual job

placing your dedication like having a real job will allow you earn coming from your trade activity, its more than a day job earnings if you really focus like me i already quit my day job and invest my money into trading though i still have my own computer shop business but I do believe that day will come for me and earn much better coming from trading alts.

Hmm, basically trading is the place for those who want to try hard in solving every market there is. Because trading is not a matter of luck, but a skill that exists in us. If we want to have a good skill, then it is certain that you already play a little longer in the trading. Because trading needs experience, and the experience not only of yourself but also the experience of someone who wants to share a story about him. And the main thing to always you are holding is confident or a self control
 

Thanks for the answers. You see, trading would be like second income source, the main one would be list building, info product creation on the trading altcoin niche.

What you think, such niche would be interested to people?
As now I understand that there are many who are interested in learning how to trade altcoins.

Trading is a good way to earn bitcoin or altcion but its little risky but not like investment but if you hold those coin then you will have on day profit.on trading you have no loss if you trading Sensiarly. I think nowadays batter holding coin is waves now it's going to a good profitable stage.and you can hold another lots of coin like ether, Dash, doge after 5-6 days ago 1000 doge=1.5 dollar something but now its price is 3 dollars up its called trading  ;) ;) ;)

Trading is definitely a full time job, but its a lot more riskier and stressful. Unless you are a pro and know what you are doing and have been trading for years, I would reconsider trading as a full time thing. Trading is extremely unpredictable and there is no guarantee that you will make a profit. Making it your primary source of income would only add to the stress.

as the primary job not but as a real job yes.
based on my experience it is best to see trading as a secondary job, and i believe that is what OP meant from his other comment.
and in that case trading can easily be a good job to have. you have your job security with your primary job and make sure money from that but do trading to make addition amount and it can be sometimes small an sometimes huge.

specially with altcoins that get pumped these days. but when it ends you fall back on your safety net of primary job.

Trading altcoin as business or job is absolutely unacceptable as making profit through the advantage in market is not consistent therefore there is no assurance that you can win. If you don't have huge amount of money to be traded, and slow market movement is now worth it for everyday's needs.

Trading needs a lot of time to manage. But being on full time on trading is not good. Altcoin market is very bullish. You can't just rely  on this. You some alternative way of earning. Trading is very risky. So you need other way to earn to cover your losses. Even a professional trader fail sometimes. Trading for is just an investment not a full time job.

Yes we can get stable income from altcoin trading.But you must have good experience and know when to enter and exit.More over,you should have large investment in order to gain good profit so that you can get stable income.You must develop yourself into a professional trader in order to finish successful trades.

I thibk trading is definitely a full time job. If you treat it as a hobby, you will miss a lot of potential setups that you can profit off of. Trading is also a skill that requires a lot of time and patience.

I don't think so. Trading acquires great analysis and knowledge. Time doesn't matter as you can check it evrrytime you want as long as you have an internet connection and mobile phones. You can do a lot of things even though you tend more in trading.

Almost all the traders might be facing some difficulties time to time. But how we are managing to have more number of successful trades than number of losses is really matters. The amount of profit also must be greater than amount of losses so that one trader could be thinking about going full time crypto currency trading.

I do believe when our technical analysis will be supporting to have some consistent and fixed income at least on weekly basis, there would be no mistakes in adopting trading as a full-time job.

Traders may fail for a day, but should come out with profits at least on weekly basis. If it is possible, then going for full time will remain a good decisions.

Well this is not a new question here in this forum.
This is an ambiguous for me, because the answer is can be yes or no. You can make a decision to retire from your daily job, if you can make regular income weekly or monthly, say it 30% of your funds. And remember, this requires high skill and tons of knowledge about market, technical analysis and fundamental analysis.
If you don't have a good funds to start it, you better keep it as an additional income.

Trading alts/btc is a very risksy thing but if you are in good at it, it can be treated as full time job. As of now, the market is volatile so you should be more focus on it. If not, loses will experience, atleast you have with knowledge and skills trading will be profitable.

I don't think it can be your full time job or at least I don't think you can treat it like this and keep your nervous system intact for too long. It brought me tons of stress when I used to do it before the recent bubble. Treat it like a way to gain capital for investing into other more low volatile businesses.

If you want to trade, why don't you start a crypto exchange service IRL. Make a website and sell BTC and other currencies to people for fiat money. Lots of people need a way to turn their BTC to fiat too, so you can buy their BTC and alts for a lower than market price and make steadier and safer profits than with daytrading.

For some people, yes they treated trading as full time job and could earn decent profits, as I know someone who did that and then start to build real life business besides his online projects. But for average people who don't know where or how to make sufficient money to cover daily expenses, better to treat it as side job or a hobby to make an extra money because you could loss in the process obviously.

People who have big funds and experiences will get more profit than who doesn't, so realize your knowledge and your place before decide to go full time in trading market before you regret it.

Unless you're a student or in college, trading alts can't be treated as your full time job because the market is really unpredictable because that thing you can lose your money. It would be better to treat it as second income and get stable income from real job.

Trading can be a full time job or business, basically One must really learn how to trade with a good strategy and investing a very good amount of money in to it. You must  also take into consideration the risk to reward ratio of your trading strategy R:R 1:1 or 1:2 and 1:3 is very good although losses will be incurred but in along run you will still profit so as to achieve your monthly target.

Trading alts and btc can't be treated as a full time job or real business because it can't always give you a constant stream or supply of money because it can be stable sometimes without action and sometimes can help you gain a huge sum of money. It would be good as a part time or 2nd business but it does not qualify for one to make it a real full time job.

Trading can be a full job in my opinion. Even when I focus on trading then I can earn a lot more income than divide the work with the real world. Finally I decided to quit working in the real world, and now my income is so much more and so amazing. So focus on one of the jobs so we can get the best results.

Trading can be made as a full time job or as a business for a good earning. But this need to be considered once after gaining good knowledge and experience in the trading aspects by investing little. People without any knowledge getting into this for earning good is simply risky.