Bitcoin Forum

Can someone make it trading only altcoins?

yes actually its possible but you need to learn how to read technical  analysis  before doing a trade I know a persons doing that and earn around  10-50% in daily trades h. But that's not always accurate that's why its important to have stop lost if you don't want to lose large amount in trading.

If you really interested learning it watch many tutorials or attend   seminar to have ideas and learn how to do it.

That's very much possible but you will have to be experienced and has a high capital for you to be able to start. Like you as a newbie, you need to gain experience first. It's not just you have heard that they can make money through trading altcoins and so you'll do as well.
It takes time to tango and you have to practice yourself doing it again and again until you become familiarize with the setting in trading. Many day traders are prone to losing than profiting.

There are many full time traders in cryptocurrency market and forex market. It is possible. However to become a full time trader is not easy, it costs you a lot of time, money, trying and non-stop learning. Because every trader start with the same position and nobody can win the market when he starts. Most of new traders will give up because it's too hard to win the market.

It's possible but this is a kind of job that is too risky, if you don't have the skills, you can't rely on it as your main source of income, otherwise you'll die in hunger. Just like people who considers gambling as their profession, they make money from it, so it's the same with trading, we are still considered gambling here.

Of course it's possible. Many people doing it properly and making profit from it. But before that you have to learn how crypto/altcoin trade work properly. The more you spend time on it the more experience you'll achieve. And the most important kye point in trading is experience. Don't start altcoin trade with new altcoin projects because it's too much risky to understand a good project for a beginner altcoin trader. Here (https://icoholder.com/blog/trading-altcoins/) you can see some tips that can help you to understand about altcoin trading.

It's true! Many people choose to trade altcoin only because altcoin once it gets pump, it provides more profits. However, to be able to do that, you have to master technical analysis, techniques, have enough understanding and experience. The reason is that investing and trading altcoin is riskier than usual. It's the fact that the riskier, the more profits!

I read a lot and listen to someone who makes a profit and lives in trading stock, forex and cryptocurrency. They have expertise in good technical analysis and information gathering, so to do that you need to hone those skills. If you ask is it possible or not? the answer is possible. As most members here inform that it's not easy because we can't always make a profit, even we can lose.

If you are new to trading believe me, few weeks or months of your first experience won't be so encouraging, to get some strategies in trading you need some practical and within those practicals there will be losses, if you run you lose entirely and if you stay you will find your own way

It is conceivable. Anyway to turn into a full time merchant isn't simple tellpizzahut (https://www.logiguard.com/tellpizzahut/), it costs you a ton of time, cash, attempting and relentless learning TellPizzaHut (https://www.logiguard.com/tellpizzahut/).

This is very very possible friend.  There are some people that do not have another job, their full job is daily crypto trading.  Crypto trading is a job on it's own and someone can decide to take it on a full time.  I am telling you if you have ample amount of money to trade with caution.  You can make it within short period of time.  So one can make a well beautiful living with crypto trading.

Many are into trading alone and they are making good profits out of it, if truly you are willing to pursue this path then be ready for anything, you will need patience so that you can learn and plan your own strategy, loss will occur at some point but how determined you are will see you through

Yes, it is possible to be trading altcoins and cryptocurrencies generally as a full time job or profession.what really matters is being conversant with market trend. Know what and when to buy and what and when to sell. That really helps and people are making big money investing in and trading crypto currency.

Generally, all traders are looking for profits through the trades they run, so they not only choose Altcoin for trading, but top coins like Bitcoin will also choose to earn a lot of profit, because if they only choose Altcoin without looking at the development of the volume and value of Altcoin, they obviously will lose in trading.

Yes these are people who takes this job or trading seriously, it needs a lot of time and effort and the knack of it, it's risky but these traders are aware of the risk this is the reason why they can always bounce back, they lose today but regain tomorrow and keeps on moving.

True! As long as you have proper knowledge, skills and techniques, you can totally do trading as a living-job. However, if you are a newbie to this market, don't be too rush in earning money. You should spend time in learning and exploring the market first. If you are rush in earning money, you will face a great risk of losing your capital. Once you have learned all requirements, you can start trading with top coins such as BTC and ETH because those coins are "safer" for newbie, then you can go ahead and invest in altcoins.

First you need to ensure you have the skills and you are already consistent in making so you'll be able to consider it as a job and you'll be able to make it a consistent source of your income.

Actually, I also dreamed to make a living in trading, I know it's quite stressful but here, you can surely achieved the financial freedom you are aiming for. In the first place, the reason we work is to make money, save, invest and retire early, but relying our dreams to our job alone, this is not possible for most of us, therefore we have to take risk and trading is one of the ways to make that dream possible.

You can start anytime with your journey, start small so the risk can be tolerable and adjust accordingly over time.

That is possible but only if you are willing to invest your time on it. Many people are already relying on trading Cryptocurrencies and makes a living out of it. They are those people who are never tired to buy and sell Alternate Tokens that are available widely in the market. You can start learning about them by asking people what indications are they watching when trading Cryptocurrencies.

Very possible if you are determined, if you aren't scared of losing few dollars while you are practicing nothing can stop you, though I'm bad at trading but the only strategy that works for me is buying coins like Bitcoin and Neo when they are low and sell back when they recover, it works like charm, all it requires is lots of patience

Surely. I mean I know people who leave solely depend on trading cryptocurrencies. Some of them actually started with forex trading and moved to crypto trading. But they have got years of experience. They are experts who have lost big and won big too. Trading is a skill, and people have honed it to make a living.

There are several people living on crypto trading alone. They also seem to be active on other activities but their major income is from crypto trading. Unlike stock tradings, crypto trading is much more flexible and could be easily automated to make trades according to your need. A good trader would use a trading bot with their own custom script to make automated profit that just needs some inspection otherwise are auto money generating machines. But for most new traders, resigning your job and jumping into crypto would not be a good idea.

Follow my lead, you need lots of patience and to avoid losses when trading, just buy low and sell high, all that matters here is timing, orders can get successful in seconds, minutes, hours, days or even months, that's why you need patience

This is what I do for a living but not just trading alone. I also participate in bounty campaign and I can tell you that it is very realistic. You can make living with trading. You need to be able to know how to trade and do not limit yourself to altcoin. I trade btc, ETH and FTX token. All you need to do is to learn and do not set unrealistic goal for yourself. Trading is not sport gambling. You also need to start with good amount of money. $500 for me is ok

It looks very simple, just buy low and sell high. But how do you apply it to your investments? Without experience, you will never find a suitable altcoin to buy low and sell high. It is really very difficult :D

That patterns is good if again you have a huge patience behind you, most of the time due to fluctuations traders become
vulnerable of making wrong decision, instead of buying low and selling high the it's goes to the opposite, lack of knowledge
and good anticipation and like what you have said, timing plays really big when you are into this business, a matter of mins
or hrs fluctuations changes everything. You need to be more precise when choosing your positions to avoid making huge mistakes.

It is possible, but that will be difficult since he needs to find the potential altcoin which can moves good every day.
He needs to analyze every day to find the coins, and he needs to spend more time to find.
But I advice him to trade stable coin pair bitcoin because the movement will be good for him as we know that bitcoin price can go up and down every day, so he will have the opportunity to make a profit.
Besides that, he can save his profit in bitcoin, and only sell the bitcoin once the price increase.

It is only possible in 2 scenarios:
You are very active online, great at fundamental and technical analysis with expertise at reading charts and using other trading tools for confirmation.
Secondly for a regular income you need to start with good capital small capital will not yield you good regular income with normal trading.

Yes definitely, there are good profits if you trade altcoins; but you can only make these profits if you master the arts of trading. You need to understand how trading works, what trading entails, when you should trade; how you should trade, how to store your profits; when to use stop loss, and more importantly when not to trade. So focus on the basics of trading first, and you can then practice with 5-10 $ before you go into it finally

And based on OP's question, trading alts is not an easy peasy task. if someone will devote his trading only in altcoins, he should know the background, updates and developments of those alts. without the knowledge from these alts, it is like you are trading blindly and losing all your money is very imminent. But yes, someone can live by trading cryptocurrencies. However, he needs a relatively good amount to start with. Few dollars will not give you the profit that you need to survive your everyday life.

I believe that you can make a living doing any business. Why can't this be cryptocurrency and altcoin trading? Of course it is possible and it is already done by those who have learned to trade. Of course, this opportunity is not available to everyone, or rather, it is available to everyone, but not everyone will be able to make money on trading. This process requires the availability of free funds and certain skills. I personally know a person who successfully trades cryptocurrency, but this is not his only way to make money, as there are always risks and you need to have several types of income.

Im actually earning a few bucks from my daily trading and i can make a living from there. As long as you have experienced enough in the crypto currency trade and you can make your living alone. You must remember you can even do a daily trade for that.

It is very possible to make a living trading cryptocurrencies alone, some people have done it, some people are still doing, and some people will still do it. You can do it as long as you have what is takes to trading. You must learn how to trade first from people that are expert in the field. You must also have a lot of patience because you learn more when you start trading...

 Although crypto trading can be profitable but its a business you need to learn and master . Do not go into trading if you have not studied and be equipped with all it takes to trade successfully. In answering your question , Yes people are trading for a living but that does not mean to do not have loses , rather they know how to manage their risk .

Yes, it's very much possible to make a living just by trading alts but you need to have some lumpsum funds to do that because you need to have money to make money. I know a couple of guys who are a full-time trader on binance and they are making pretty sick dollars.

You are misleading him. I would never suggest anyone to live off by trading only. There are a lot of risks involved with trading. You don't receive a steady flow of money by trading. What do you think will happen when the user does not manage to make any profit for a month or is in loss after several trades? It is going to be really hard for him to pay his bills.
10% - 50% profit everyday by trading? Sounds like bullshit to me.

If you are loaded with a big amount of money then yes you could do it but if you only have small capital then no.
It would depend on your capital and how you handle it but it would really be hard to only depend on trading for everything you need.

You don't a need to have a large capital to earn enough in trading.  You can use 100 to 1000$ for 10-50% daily return tradings.but you need to be professional traders to earn that amount and its not guarantee  since ,its trading .but once you are pro with technical analysis it is really possible I think the better you need to do first is to learn more about trading and how to read technical analysis .

It is very much possible, but as a beginner, you need to learn the rudiments before starting and after you might have started, it should be one step at a time, that is, do not yet depend solely on it as a beginner and expect tat there right be losses sometimes, so as to guide against making decisions out of emotion. A good trader must learn to take things as they come. Learn from the odds and move, with time, you will get better.
The set of traders that depend on trading alone today did not make that decision in a day. They started from somewhere and with time, they made the decision of depending totally on it.

Trading itself is actually very possible, but needs to learn how to read charts properly and correctly, not only as long as guessing later it will be like gambling.
No need to study too much to the chart or the like, news on some altcoin can also affect the altcoin movement will go up or down. so understand correctly and DYOR.

We have a small altseason, in the last two months I have been able to make a profit from trading, will see what happens next, the main thing is not to give up, but to learn and do.

If you have a comfortable life without needing to have a fixed monthly income to pay for your personal expenses, there is the possibility of earning a living with cryptocurrency. This topic is too personal to be analyzed and the more pressure the less result we can assimilate with quantum mechanics.

Trading is not about the place that you choose but it is about your strategy.

Although you try to trade in shitcoin (you haven't know before) you'll still get a profit or you won't lose your money.

There is many thing that must be prefered before you do day trading. Such as find more first many information about the coin and make an analyst through the chart.

If you do that everytime you trade you will gain profit. Because the two factors is enough for every trader to gain money in it. So, there is not how much altcoin that you choose or what coin that you choose but it is about your skill.

that's true and this is the problem that has already faced by a lot of people when people feels so bad with their trade and they have choosen to give up with the situation.

Everyone can even fill their daily life throuth use the daily trade.

I think it is very possible to trade alone using altcoins. I have been doing it quite a while and I can say that it could be rewarding if you know how to trade properly. Some altcoins have some great potential to grow big in the coming weeks so one must take advantage of the situation.

Well, it's absolutely possible and you can make very decent profits out of it but you need a substantive amount of money if you are looking to earn from this industry day trading. Start with something around $1K and you are likely going to make at least $200 everyday. However, you should be ready to accept losses should the market crash.

Yes, as long as the person is well equipped with trading knowledge.  The altcoin market is indeed riskier but it offers greater profit when done properly.  I have witnessed several altcoin growth and even traded and got huge profits from some of them. 

Expert traders earn daily through trading. You can actually earn bigger than the daily minimum wage if you know how to trade. Its risky of course but you can learn how to trade through patience and right trading techniques.

Mostly new traders will choose the bitcoin to inverse their money. Only few beginners had a guts to get into altcoin directly. Not only guts, it should need of widesome knowledge to inverse on altcoin. Because many shit coun also available in the market. Not only by the price chart you can predict which is good or bad. You should alos analysis the team behind the project to avoid of shitcoins.

Everything is possible. It is only worth clarifying that the result of this trade may be completely different from what you expected. It all depends on your knowledge and your experience in trading. Altcoin trading is a very risky endeavor with unpredictable results. All this is compared to a casino.

In my experience in trading altcoins in the market, I think you could earn a decent amount of profit in a day.

With just trading altcoin daily if you have good capital you could earn hundreds of dollar if your lucky in your trading but probably it is not always gonna be a good day.

It might be risky so investing in cryptocurrency but it is possible to make a living in trading alone.

Trading altcoin pairs are profitable only in a bull market when we see that Bitcoin grows, but altcoins grow even more! What would you now trade? Bitcoin is the most stable asset in the market currently, for more than 2 weeks we didn´t see any movement on Bitcoin.  ::)

There was a time when it was possible but now it is not that easy to make a living trading on cryptocurrencies alone unless you have a sable financial situation where you are not forced to make any sell offer unless needed and the best way to make a good profit is to trade without pressure, there are many coins pumping on a daily basis but the risk involved is really high as you cannot hold for a certain period of time as you can be the bag holder, in short there are ways but the risks are higher.

Yes, first we need to find a coin for trading which should be potential enough and then must go for gathering enough information about that coin then we must go for technical analysis to find where to buy and that to sell. This way we can manage crypto trading for earning a life from it. It means we must focus on both fundamental analysis and then technical analysis. News and development information about one particular coin is a better way of doing fundamental analysis.

The only thing we must focus on finding ways because we can easily tackle those higher risks. With the help of technical analysis, we can find when a coin will get pumped and then we can go for buying and selling according to our risk management. Because, you cannot wait too long to make profits so that you should exit at your preferred profit level.

I'm not sure how it works coz mostly traders never just rely upon on altcoins alone but more on Bitcoin. Besides, we know the reality in trading, altcoins never have that volatility, prices keep moves slowly and the bad thing is that some altcoins played with hypes which are considered a huge risk and possibility of losing.

You'll need to be smart in trading and that smart action is to choose those coins that are really potential. Well, that gonna be best if we choose the mix of Bitcoin and some potential altcoins, there you can guarantee of anything.

You can only achieve this if you are a top professional and a seasoned cryptocurrency trader with several years of handson experience. However, due to the volatility and uncertain nature of cryptocurrency and digital assets, this isn't adviced. You could have a lot of bad days and end up blowing your investments and that will be a terribly thing to face. Learn your trade and keep a side job until you are completely ready and competent enough to solely depend on trading for survival.

Of course, trading altcoins to make a living is possible. But I will strongly recommend not to rely on this alone. The risk of losing is high because of this unstable market. Also, if you are not that confident enough to enter trading you can not enter without the shield (tools and knowledge).
 It takes time to learn trading and yeah it is worth all the efforts. Been trading for years now with altcoins and so far I have been gaining.

trade does not always get a profit in my opinion, even though it is someone who is an expert in trading, surely they will suffer losses too, for beginners it is better to dare to trade altcoin. but have to learn also how to trade well and how to read the market, in this forum many free knowledge that can be learned

Full time trading is possible but it is not easy and only few traders are constantly earning in volatile market. For those who want to be a full time trader, that task is so difficult especially in the beginning where you are not yet used to the volatility of the market. I do trading but not full time because there are still things that I needed to do but I plan to do full time trading in the next 6 months because my goal today is to earn experience and to polish my skills in trading.

you should always watch the movement in the market. To do a daily trade needs a good market with intense volatility.

This is not an impossible thing to do but when someone wanna try to do that and there was a lot of things that must be considered to choose the right market to do the daily trade.

Its possible but not easy. You need to be knowledgeable and aware of everything related to trading.

I did this as well before but it didnt work, I might be lacking of strategy and plan thus im more on losing than having a profit. So I chose to be a long term holder while having a real job because I can earn stable income through this.

Full time trading for real? I've been on this road and if you put all your eggs in one basket (doing only trading to earn a living) it might be catastrophic. I noticed that when I quit my low paying job to focus only on trading, my emotions trippled, which is unhealthy for a trader even though I thought it will let me focus more on trading, thereby achieving greater heights. However, it's just my personal experience, might be a different ballgame with someone else.

I guess you can guess it by do a regular trade in the market, you didn't even need a lot of money to do that. A small money to start is good enough. People must learn about how to join in the market at the best time, read the sentiment and many more.

Yes trading really play with our emotion a lot and could exhaust us emotionally. I'd even consider it as more exhausting compared to your usual job. tbh, I kinda dont believe that someone could make it big or live off daily trading. even popular trader on youtube gain their money mainly from refferal.

Everyone says that trading in cryptocurrencies doesn't provide a stable income. But in the current situation in the world, I mean the virus and quarantine, many of us also now cannot boast of a stable job and salary. I want to say that I know a few people who only live on the profits from trading. It's difficult, but possible.

You can gain more experience by trading at the exchanges. The more you analyze and trade, the more experience you will get. You can improve your skills in analyzing the coin movement. You can know when to enter and leave the market, you will know how to buy the coin at a low price, and the important is you will know how to sell the coin at the right time. But remember, all of that will need time, and it will not happen in one night. And as long as you can learn from many lessons, I am sure that it will not takes too long to improve your skills.

Yes simply, when we are continuously spending time with trading then we can easily become a professional trader. Spending time into trading environment is not possible by just watching markets and this is the reason experts are always suggesting about practicing in demo accounts or trading in live markets but with very small capital. When you're engaging with markets then you can simply notice that you are getting various skills about predicting market direction by your own.

As per many people's experience in this forum, making a life out of crypto trading is possible. But, it is possible only for experienced traders because when you are continuously making losses, you can not be expecting some returns. In summary, crypto trading basically got the potential to get us good profits but only for the people who know how to approach it.

It's possible to make a living by trading cryptocurrencies alone but depend greatly on one how much you need to live as well as your capital investment.

Only experts can make it especially who trade at small time frame charts like 1 hour or 4 hour but to be honest it is not that easy because most of the coins and pairs in crypto market still lack enough volume so making it difficult for even scalpers to make regular profits.

It's very possible to make living in trading cryptocurrency but one major thing you must not forget is not to be greedy because it is very risky, and this is one of the reasons having the right skill of doing it is very important

Absolutely yes, it's possible. Trading in crypto requires capital to start up with and much experience needed before diving into it. Trading earnings feels so good when you have gotten the right formula to trade fine.  Trading takes time before you can able to understand the tactics of trading. Although before then, just bear it in mind that, its a win and loss game or business.

That's not enough because usually a trader gets greedy if he's not experienced. But having that attitude of not being greedy is a must as you trade and day trader or making a daily living through trading, it's hard. You must be disciplined or gone through a lot because you can't do that if you have never went through hardships or never experienced some failures as a trader.

How big your capital will determine how much you can earn from the market. I think if you can even generate $50 bucks in a day and that's already good amount.

People didn't need a lot of money to keep their daily life. Regular profit is much better in this case.

When we are in the market, there will be more challenges that we will meet, making us more careful to decide. Without analysis, we will have difficulties getting the target coins that we want to buy, which could lead us to pick a wrong coin. Predicting the market is one thing that we need to do because, in the market, many coins can attract our attention to buying.

Experience is one thing that the traders should have to determine which coin they need to analyze. It is okay if you are making losses because not all traders can always profit every time they trade. While you are learning more about trading, you can give you more experiences to know the time to buy and sell, which can help you make a profit.

I think it is possible to make a living on trading cryptocurrencies. But it is a risky move that you should be prepared with the market's ups and downs. The crypto market is very speculative and the trends are very unpredictable so you should know how to read market movements so you can go with the market flow to earn big in crypto. Unless your comfortable with it, you should have an alternative means of earnings to be sure.

Any traders living in a 3rd world countries can have a liveable condition with less than $300 per month. That amount doesn't look too much so it is possible for traders in those countries. Else, you looking at very high profit and gain per month to keep you sustain in 1st world countries and make every day trade become more harder under that pressure.

Or rather than a newbie bothering himself or herself with the challenging job of day trading, he/she could simply focus on buying few established coins when their prices dip substantially (and sell when they increase) until the market is well understood and he/she can then move to day trading and trying other coins. Price notifier and stop loss will help alot in this case

Of course you can, I also trade on altcoin, I don't have Bitcoin, because the current price of bitcoin is still expensive, and in altcoin everything is still cheap, so I decided to altcoin, and I'm grateful to be profitable 

Its possible but highly risky though, there are time comes you may face losses for a while in that time what you will do for your living.Crypto is highly volatile and profitable but making it as our only source of income will make your future in a big question.But you can live by if you have decent amount as capital by holding most part in crypto and only trade with a part of it.

I also like you, I trade altcoin like LINK and BNB now. some new altcoins in binance are also interesting for day trading. although the benefits are small, that we can get every day. don't forget to get out of the market and never be greedy.

What exactly do you want to trade if not altcoins? This is the best industry you can earn while sleeping and while talking  ;D. I have be a fan of the altcoins and traded many time ago with good profits to show. This has be one way I took care of my families without any problem, but, you must be focus and be ready to face obstacles. Altcoins season has come again and you can start buy some good defi projects coins for profits, though you must be careful for making your choice of coins.

The reward is pretty less as compared to the risk that you are taking and if you don't have a clue about trading and are doing a fresh start with trading then I wouldn't advice you to do so, I have seen a lot of people getting REKT while trading in just a single bad trade and it took them months to build that amount of funds that were lost in a single trade due to the unpredictable market. First you should learn trading cryptocurrencies and then practice the strategies told in a practice account and when you feel confident enough to conquer the market, you should finally start with a small amount of capital and try to make it big instead of starting with loads of money initially.

It depends on basically three factors, first of all are you able to get profits from the markets in a consistent way even when they are going down? For 90% of the traders the answer to this is no, and the next questions are what it is the rate of growth of your capital? And what is the size of your capital compare to your expenses? If you need to obtain 100% profits each year to sustain your lifestyle then forget about it, you are never going to make that amount of money and even if you do it for a few years you will take too much risks in the process and lose everything, in my opinion the maximum rate of growth you could get away with is 30%, I know these numbers may seem low to some people as the market of altcoins can move very abruptly but it is naive to think you can always win in this market.

Not only buying low and sell high, learn to study the cryptocurrency market and take the right step in order not to be a victim of dump, as many thousands have been. Many a-times we buy when the price hit the peak, always be right all time to buy from the buy zone than buy from the selling zones. Many have been left with shits because of this.  

After a few successful trades people start to think that they are a great trader and can make any coin a gem if they enter the market and then they face the hard truth when they loose what they made in trading. It is always advised to learn along with doing practice, if the trader will forget to do any of these things then the consequences won't be good and as you said he will face the same fate as the thousands of people already did.
Trading isn't everyone's cup of tea and everyone should understand their strength and weaknesses and then decide on what earning path they should take in the future. There are many ways to earn money online and trading is just one of those more than 100 methods.

altcoin trading need someone that having big patient on his life, because its not like binary option trading that you could get profit or lose within a day, altcoin trading may take sometime about a week or even a month before they will get profit to wait the altcoin pump, if you are someone that doesn't have big patients on your life and want to make short term profit, would be good to trade on Binary options trading, short term profit always have big risky.

It's possible to make a living with trading crypto, but are you capable for that or not is the answer you need to look inside yourself. Do you have enough capital to start, enough skills to know what you need to do and how to do it, patience to wait good moments? And sooner or later you will experience hard times, you need to know how to survive that.
All in all everything is possible, but is it possible for you nobody can't say, you need to try it and you will have your answer.

You can not earn your whole living only by trading on the cryptocurrency. But, this is sure that if you are investing in certain top coin and stick to it for the 5 years you can earn a huge amount which can later make your living easy and maybe you don't have to employ in anywhere. So, choose the crypto coin wisely for your investment and wait for the good time.

Yes, you can earn what can sustain you for a whole month within 24hrs of trading, is very possible, trading can give u massive income in less than 24hours, it all depends on how good you are at what you do.

Don't you think that this isn't doable for most of the people out there, how can you earn 1 month of income in less than 24 hours of trading, for this you have to be either a legend in trading or you would be having some kind of insider information on the project and announcements or with the exchange itself.
Earning only a modest amount of money is possible from trading on a daily basis but those extravagant trades that gives you 10x or more happen only once in a long period of time.

Technical analysis, research, predication and quick decisions are important if someone is going for quite trades. People lend money on 10-15% interest for a month or even year, but in crypto currencies you could make that 15% in a day or even within minutes for a matter of fact. You should know the market inside out for that and keep an eye on the coins. And yes, stop loss is always there to save you from drowning all your investment. so be sure to make the right use of that feature before you go all in.

Moreover, by considering the volatility of crypto markets, I believe it is not at all good and safer for anyone to be completely believing in making a living out of cryptocurrency trading. It means, we should be having crypto trading as one of our part-time income stream and we must have multiple income streams so that we could manage regardless of, not consistently making profits from cryptocurrency trading.

Although I think with a bit of skill and luck, you can do it to trade cryptocurrency for a living but you shouldn't. A lot of pressure as each day you need to make stable earning from your trading in the unstable crypto with very volatile market from time to time.

It is very much possible to make a living from cryptocurrency trading alone.A lot of people have made it immensely from cryptocurrency as a result of investing in various coins with good value.It is very important to be determined and focused if one desires to enjoy the benefits that are available in crypto.Although, there are challenges one is likely to enter as a result of deciding to trade with cryptocurrency. One just need to stay focused and press for the best.There are lots of ways one can benefit from cryptocurrency and make a living out of it.One may decide to be buying the coins and then trade or better still be involved in bounty campaigns which only requires some level commitment in promoting the project and then get token rewards for it.

That’s so true. You stop earning when you stop learning so you should always strive to learn even of you are well established if you want to keep the hold of the market. Start slow and then gain pace as it Is all about consistency when you are trading in a market that is highly volatile and full or risks. Daily trading is not an easy task and not everyone is able to cope up with the ups and downs of the market.

It’s possible to make a living just by trading stocks, isn’t it? Then how is this any different? I agree that the market is highly volatile, but remember if you can lose big, you can always win big. And if you play safe i.e. small trades and quick profits, you can still make a living. But for that, you need to understand the market careful and make near to or accurate predictions.

Patience is probably going to be the most critical factor when it comes to try to trading and sustaining yourself with the activity, there are moments like the previous three months in which the market does not move at all and it is almost impossible to obtain profits in it, what are you going to do during that time? The wisest choice is to just hold still until things improve but can you do that as the bills begin to accumulate? What if after that period of inactivity you lose money? It is at those moments when most traders will take a dumb risk and end their careers prematurely.

One does not necessarily need high capital to start. I know people who started from 100$ and now trade cryptos worth more than a hundred thousand dollars. It’s all about making the right decisions at the right time and understanding the market inside out. I agree that many traders lose money instead of making profit out of the trade the reason being their impulsiveness to invest without any background check or technical analysis.

Price which has moved so quickly is really good time for the traders and speculators as one would have made 1500$ easily on per btc if had bought couple of days back only. Due to high volatility and both way swings this is the time where traders book profits on upside and also on downside too as market bounces back and take a dip of couple of hundred dollars as well.

Do you happen to know how long did it take them to reach from $100 to $+100,000 ? Hard to believe someone managed to multiply his invested in trading amount 1000 times. How they reach such an amount? Trading or simply holding ? I have a feeling, that it was just a pure luck. If you give them $100 today, they would not repeat their path of obtaining $+100,000.

Agreed, most likely what happened is that someone invested in an ico and then out of pure luck they happened to select a coin that pumped hard and they got a lot of profits, this story is common enough to inspire people to do the same but 99% of the time they will not get the results they were expecting and unless those people can repeat that kind of success consistently then they relied on their luck and we know that sooner or later your luck will leave you and they will lose their capital no matter how big it got.

Make a living trading cryptocurrency alone is nothing rare as you think. There a number of traders that have very large capital funds to make just a tiny profit from a few trades could net them enough to living for a month. You can do it by delicate more time, more success trade if your capital funds low.

Very possible, have been doing that for a while now and the pandemic helped me to also intestify and put in more effort, though most times you don't earn much but with determination you are very sure of something that will keep you going every month

I will consider the opinion of old and higher rank member on the topic, someone who had spent 4-5 years of his life trading. I am sure it is not easy trading in the bear market and that does not push the need and responsibility away but the profit in the bear market is generally low that some people leave few months after bull market to buy from the dip. Thats what birth so many reasons to be long term trader,buy in bear and sell in bull market. Profit from the bull are saved for 4-10 years, build more businesses around it with huge capital make daily or monthly income

Of course it's possible. The only requirements are knowledge and big enough stack of money to begin with.

This is all statistics but good investments can easily give you 10% each time you make a successful trade so even if you catch one pump like that per month you're going to do pretty good.

The more money you have the better of course and this means that if you need to earn 1000 usd a month to make a living you'll be trading around 10 thousand or more. If you're able to trade more it's going to be easier for you. If you have less you'll have to make better trades.

it is very possible to live on proceeds of crypto currency alone. Trading has proven to be the most resourceful triat of business currently trending in the space as people now engage in trading with so much sensitivity and skill thereby making them more than comfortable and not needing any job..

Yes of course. But if you are new in the crypto world don't have enough knowledge then it's impossible. also, you can lose your money. But if you are experienced and have enough knowledge then you can earn a lots of money that you can't imagine. I saw a trader who made 50k$ profit in one day. which is hard to believe but yes it's not impossible. But need lot of knowledge. If you want to earn a good amount of money then try to gather knowledge & experience.

I am looking for money not through trading because I don't understand in this matter but i make money through bounty and airdop because the results can be maximized although it took a long time

Well, it is hard to imagine that someone can make living just from trading cryptocurrency alone indeed.
But in reality, there are many crypto traders who can do that. Trading crypto is different from trading stocks because the volatility of crypto is very high. but the more the volatility, the more you can make its profit.

If you are good at market analysis, you can easily make a living even with a small deposit using the futures market for example and trading with leverage.

With determination, everything is possible, you just have to decide first then back it up with action through learning all you can possibly learn about trading. Trading is lucrative but very risky, and in as much as you can make good profit from trading, in the same way you can lose all in trading. Thus, the only way to limit losses but increase chances of profits is through learning the right things about trading. So if you are ready, get in touch with those who can mentor you, or you can look for YouTube videos to get yourself the prerequisites knowledge while also looking for those who can help teach you more.

I believe that it is worth paying attention to margin trading in order to obtain a constant income, since according to statistics, most traders constantly replenish their budget precisely thanks to margin trading. And nevertheless, do not forget that "margin" is one of the most justified instruments in the financial world. In addition, you need to take into account the fact that margin trading allows you to work in the cryptocurrency market even for those traders who have a very small start-up capital.

It's very possible making a big living by trading crypto/altcoins alone.  I have few numbers of people doing full time job on crypto trading.  However, they do it on a big scale, they invest around $5,000 daily, and they get range of $500-$1000 daily ROI.  Anyone that will do such must be vast in trading knowledge and experience, because as you can gain double of your capital so you can lose everything within few hours.

Making money through airdrop and bounty is simple but the token or coin you're going to pay with mostly don't have a good value which will make the time you spent advertising the project worth it. However, I don't see anything bad in maximizing your means of earning by including crypto trading of which you learn to learn and understand the fundamental aspect of it.
Don't rely only on bounty/airdrop mate.

It is possible however, you will put your money in a lot of risks. This kind of job requires skills otherwise, you'll lose it all.
There are lot of altcoins that is worth of your investment and there's a lot of altcoin are not worthy as well, so you better put an effort and analyze to distinct which coin is good or not.

There are so many traders around the world not only making a living but making wealth what you only need is skills and experienced you need to learn it not in few days or weeks but months or years to be able to become successful others look for a mentor but the fee is expensive if you dont have enough money then youtube is free but be careful to enter an investment without enough knowledge its too risky.     

It is possible but I do not recommend to try it especially for those beginners in the market. I do trading but I'm not a full time which means I have a lot of extracurricular activities outside the trading world. I can become a fulltime if I choose it but there are a lot of things that I still doing in the outside world. I frequently trade global stocks and indices than altcoins because of the volatility but it doesn't mean that it is better than trasing altcoins or vice versa because I just chose where I'm comfortable.

You can become a full time trader where your primarily source of income is just trading altcoins but you should consider a lot of factors. Evaluate yourself first if you are fully prepared to take the risks. The pressure is really high especially if you really decide to quir your job and become a full time trader. The rewards are huge but the risks are also huge where you can lose your hard earned money if you are not prepared.

the time that they spend on trading is worth it if they can mint enough money on here to make them wealthy but to most traders , they are also trying thier best  .  id be happy if i can make some bucks to buy a food and i couldnt ask for more  . i can earn but not have a balls to risk big  for some that are also starting to trade , they can try free stuffs on the net to imrpove thier trading career before deciding if they want to hire a coach or a mentor to help them because its  not free

I know there are a few future trading groups that only have calls for low risk order so yes, if you playing safe you can earn 5% or more per month from those groups. With an average fund and follow a few of their calls per day, I think you can have enough profit to sustain your daily life if you live frugal also. But most of them don't want that, they want to get rich quick, increase their fund tenfold in months so they followed the riskier calls, easily lost their fund.

Maybe this year to trade in the global market is very difficult, of course we could risk losing a lot of money, but do you think that the exchange provides a lot of trades if you play big trades, at least we can choose which Crypto we can play for us to play , and take profits little by little to make a profit, sometimes someone is not satisfied with what they have gotten in trading, that's what makes most people get big losses when trading, the key is to make the smallest possible profit at this point, don't expect to get too much big profits, if the small ones can meet your results in the future ...

Yes, traders can make a meet end day by day by trading altcoins. It is not really that hard or impossible if you know the risk and when to stop trading all together since not every day in the market is the same. It's okay to come back empty for a few bad days in the market.

The average broker / exchange has about 90% of all accounts in loss. That means that 10% of accounts are in green numbers and I think that no more 1% of all accounts belong to traders that makes living by trading, so as you can see it is extremely hard.

In crypto trading, you really need to learn how to read the graph or chart. But remember once you do this it means you need to invest in short your a capitalist automatic to buy coin on which you think it has a potential to give profit to you in the future. And you also must learn how to read when is the right time to buy or sell, therefore use TIMING and have skills in trading as well.

Yes, of course you can, playing daily trading with a target of 5% - 10% profit is what you have to do, but first learn technical analysis before trading, practice learning and determine the formula according to your abilities then you will be successful.

It is very much possible to live of crypto for as long as there is crypto. Honestly you have to know to withdraw some of the gains you make before a market downfall. So if you play it smart it is definitely doable.   

We can survive but relying your daily living on it? I dont think it will work for everyone.

The market is unpredicted and we cant often take profit thus making it hard to rely your daily needs on your profit in trading.

However this is not impossible either for a pro trader that know how to apply a strategy regardless of the status of the market.

I still don't know how experts trade and live on trading alone because there is always loses around the corners, the best trading strategy I like using is buying bitcoin or popular altcoins at a cheaper price or when bears attack the market and sell when bulls are here

I think it's possible but if you really have a broad knowledge of trading, about the coins you want to trade and are ready to take risks too. Trading does require high risk, but you also have the opportunity to get big profits if you are lucky in trading.

It might actually take a long time but its worth it. To gain or earn more with Cryptocurrencies, managing a bounty or joining bounties are the best way to gain Alternate Cryptocurrencies. Managing a Bounty is hard but the pay is good BUT to do that, you need to prove yourself by managing small bounties at first then transition to bigger ones. You also need to have a reputation within the forum if you want to be known.

it is the basis of trading and investing i.e. buying at the lowest price and selling when it hits the highest price
but we need to analyze market trends, fundamentals and technicalities to get a profit because we can't just rely on luck because the market can suddenly change
It is better if you first learn how to analyze the market before trading and if you have enough experience you can live only on trading income

It is possible to make good wealth with trading but for that one need to have that skillset and should have the experience to trade at correct time and price else we know how it can fall back and also people in volatility has lost money. Not everyone can make money from trading but if one can sustain and get most of the trades in right direction, they will end up making money.

You can earned crypto by this means, you just needs lots of patience and lots of research to pick
the right project that will allow you receive good amount of rewards from small task that you need
to accomplished.
It's really difficult since there are many respected BM that can easily take the post, and also, with bounty
managing you are entitled to received good amount of rewards, tough to compete but worth it once you
find the right team which will not scammed out and develop the project as how they promised to be.

If you have expertise in day trading, of course you can get money to meet your daily needs, but I still advise anyone not to rely solely on crypto. because everything in crypto can happen in a matter of hours

The truth is that trading cryptocurrency is quite a lucrative venture for those who are skilled and experienced in the act. The only challenge is that there's a risk of losing one's capital if care is not taken. Trading has even been simplified with trading bots that can be set up to help one get maximum result.

if you are aware of that then I think at least you enter the coin you should be able to know the right time because so far cryptocurrency price movements are difficult to predict, doing daily trading can also give you a very high risk because you can get stuck at high prices.

The point is how to play it and to know how it is with the knowledge that we have learned as much as possible, so all that can be done as long as we have enough knowledge to carry it out, because every job requires knowledge of each and to have knowledge is certainly not an easy matter for each person.

That's why when you decide to trade on a coin especially into new listed coins better watch out carefully and monitors it like what is happening with DeFi projects, if we are going to trade with the projects that we see how increase too much in a span of hours or days, tendency the price will really fall down without us even noticing it. So if we enter some money for trading be focus and create a plan or TA to check whether where spot is right or can considered to stop loss or to pullout because many were able to really earn from trading if they are focus and serious in charting.

I think you can , i think nothing is impossible in this world , but we just think of trade profits because we need to know that many risks plaining way and appropriate for avoiding harm , what i do not only aimed to benefit only or next time you will regret

How we can see to draw advantages before market fall? can you seeing the future? looks like trade now, it is hard to the even a trader versed just must have fallen experienced loss movements in

 How many people are in the world? How many people make money from money? Even without bitcoin or crypto there are not that many people who work in an industry for financial sector, sure there are some but it is not all people in the world, probably less than %1 of the world. Which means you should not aim at working to make a living from crypto, it is not the purpose of crypto life style because you are not going to trade your way into a life. Sure go invest into it, have some saved aside and hold it for the future, that is awesome, but making a living is something different. That is why I would highly suggest everyone to save crypto and not try to profit crypto. You could also earn, you can work and get paid in crypto, I do that and that could work but obviously that is not trading.

it is very possible for people to make a living selling or investing in cryptocurrency, all are entitled to profit by trading crypto, especially during this pandemic many people lost their jobs in the real world so many people are making a living by making profit from cryptocurrency.

unfortunately only a few people have thoughts like you because many people just want to get money instantly without any effort and work if done seriously then the results will also get a lot of profit, so at least keep trying and as much as possible stay careful when you want to invest in cryptocurrency.

Of course even my self are trading only alt coins I choose to buy altcoins since I see that many of the upcoming coins have really good potential and I don't want to lose that chances to have them some altcoins have some good trading volume and you can easily buy and sell them just stay away from shit coins with they can easily ruin you.

Yes, if you know how to trade, it's the way to growing your bag, making enough amount to live by it. Tho, you need a lot of time for chart reading, trade back and forth in tiny amount of profits just for sure it wasn't risky. So, as long as you have time, yes its possible to make a living by trading cryptocurrencies alone.

I heard that there are professional traders who do this for a living so yes  many expert in trading are doing this as a full time job, but this people already acquire years of experience before they can be doing this as a full time job, this is not advisable for newbies, you have to go learn it in details.

How possible is it? Very possible that you could earn a decently amount as a trader to completely live off by doing that job. The secret is: don't be greedy when you're a trader. Looking for the safest trade instead of doing margin with high leverage when you knew nothing about it.

of course you can. because i did it. even i started from a little money, but i got a big profit in the end. learned some knowledge about trading in altcoins from some experts is the best way. because they have so many experience on it. but be careful, trading on altcoins can give you a big profit in a short time, but also give you a big loss in no time.

I know a lot of people who are full time traders and they make it. As long as you know how to trade with less risk and read charts, you can earn steadily. But it is not easy as it's said. Trading will always be risky since the market is unpredictable. Experience and sufficient knowledge in technical analysis is a must.

It is possible to make trading only altcoins, because there are already many successful experienced traders trading only on altcoins.
But getting to that stage is certainly not easy, it takes a lot of practice. And also for newbies who are new to trading at altcoins,
better avoid new altcoins. Because trading new altcoins carries a much higher risk.

It possible, trust me i see lot of people can make a living just with trading in cryptocurrency
But to reach that fase ofcourse they already learn everyday in their life and we never know how much and how big their loss dont just see what they got we never knew how they struggle their fight to reach that financial freedom 61
Not just for you, i still try to learn all about trading in cryptocurrency, learn technical analysis and i hope i can be like them