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1  Economy / Trading Discussion / Re: Realistic Income As a Crypto Trader on: August 11, 2017, 11:21:43 PM
I'm sorry I don't understand why this would be super secretive information?

I'm not expecting someone to say "Hey, using XYZ specific strategy I can make $xxx per month"

Just something much more general like "good traders can turn 10% or so per month trading coin, although once you have more than a million invested it's hard to get out". Something like that.
2  Economy / Trading Discussion / Realistic Income As a Crypto Trader on: August 11, 2017, 08:39:26 PM
Hey guys,

I'm curious what a rough amount of income someone can generate from trading cryptocurrency is (monthly or annually is fine). I know there is a wide range depending on skills and also on capital used to trade, but I'm just looking for a rough answer.

For example is it basically impossible to make $1M a year just due to lack of liquidity? Or do only the absolutely best of the best make that kind of money? Thanks in advance for your help!

A little background about me:

I'm new to the cryptocurrency trading world but not new to trading.

I worked as a quant trader for a big name for a few years, but decided to leave recently and don't particularly want to go back to that lifestyle. It paid extremely well but I much prefer working from home. I currently have about a 50k bankroll I could start with.

My current full time work since leaving my vanilla job is as a political prediction trader here in the United States. I'm able to generate about $12.5k a month there (150k a year) with about 20hr/week of work but because of size limits on trading (for regulatory reasons) it seems hard to advance must past the $250k range, and that's only when markets get busier during election season. Wouldn't matter that much if I spent 40 hours or even 60 hours, just the liquidity is limited and the sizing of trades is limited.

So I do have trading experience but obviously every market is different. I understand fully that I would have to spend a while before I could consistently generate profit trading cryptocurrencies. My first year on PredictIt.org I made $1000. This year I expect $150,000 on a starting amount of $5,000.

EDIT: I plan on doing everything above board while trading, especially taxes. My trading style is usually short term day/swing trading currently. I don't plan to speculate what the next coin to make a 5000% jump is.

Thanks.
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