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Rockie1234
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September 17, 2016, 11:38:45 AM |
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I would like to ask a question to OP.
i just got into altcoin trading and I've looked at some technical analysis methods (eg candlesticks and indicators). Altcoin trading unlike forex seems to be more about looking at the social aspect and seems to be based primarily on instinct. For example, say for some unknown altcoin, you need to know if it has a useful niche. How close to the truth is this?
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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ajun96
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September 17, 2016, 12:12:50 PM |
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This is only possible for people with something like 20btc and exchanging all days to get enought profit to make a live from those, the others people with 1 btc and 5 btc cant live from this, its insane to even try it, they can get an income but not enought.
I think the larger the capital you have, the greater the possibility you to get a bigger loss. I think it's not a problem to use a small capital. because income from trading altcoin practically unlimited. so you can live from trade despite having a fairly small capital |
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AlgoSwan (OP)
Sr. Member
 Offline
Activity: 308
Merit: 250
ancap
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September 18, 2016, 06:13:00 PM |
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I would like to ask a question to OP.
i just got into altcoin trading and I've looked at some technical analysis methods (eg candlesticks and indicators). Altcoin trading unlike forex seems to be more about looking at the social aspect and seems to be based primarily on instinct. For example, say for some unknown altcoin, you need to know if it has a useful niche. How close to the truth is this?
You're very close to the truth. But still volume based technical analysis works on altcoins. |
Looking to buy a verified betfair account with escrow.
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Dudeperfect
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September 19, 2016, 04:57:20 AM |
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I haven’t tried option trading yet but it seems interesting and yes if we have right strategy, enough capital and emotionless attitude then earning for a living is possible with trading. I made some profits with option trading in stocks but I have never tried it in crypto trading but soon I am going to start option trading. I think I should start with bitcoin and then to shift on other alt coins, what do you say?
You made some profits with options trading in stocks with which strategy? (spreads, or...?) Whatever strategy you succeed in stocks can be easily applied on cryptocurrency options. The trick is you should stay away from bucket shops (aka centralized binary options platforms), and stick with decentralized options platforms. Yes I made some profits in stocks but don’t know why I am having difficulty in trading in crypto currencies. I think initially I was wasting my money in pump and dump schemes and then I moved to option trading. I am running on trial and error strategy and learning from steps, thanks for your suggestion. It will take some time to cope up with new trading platforms but I am ready to learn it from my mistakes. |
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danherbias07
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Leading Crypto Sports Betting & Casino Platform
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September 19, 2016, 05:39:36 AM |
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This is only possible for people with something like 20btc and exchanging all days to get enought profit to make a live from those, the others people with 1 btc and 5 btc cant live from this, its insane to even try it, they can get an income but not enought.
I think the larger the capital you have, the greater the possibility you to get a bigger loss. I think it's not a problem to use a small capital. because income from trading altcoin practically unlimited. so you can live from trade despite having a fairly small capital It would just take it slower. Yes you did lowered the risk but there is also a cost for that. Why do some gamble a larger money? Well hey want to make it faster. The way you want it is slow but steady. I love that idea too, for I am a guy that sticks with the safer side now. |
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electronicash
Legendary
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Activity: 3080
Merit: 1049
Eloncoin.org - Mars, here we come!
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September 19, 2016, 07:56:09 AM |
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I would like to ask a question to OP.
i just got into altcoin trading and I've looked at some technical analysis methods (eg candlesticks and indicators). Altcoin trading unlike forex seems to be more about looking at the social aspect and seems to be based primarily on instinct. For example, say for some unknown altcoin, you need to know if it has a useful niche. How close to the truth is this?
You're very close to the truth. But still volume based technical analysis works on altcoins. Technical analysis don't work much on crypto trading, its not like we can have a trading strategy solely base on the technical details as we don't even see some indicators available to our platform ulike on meta trader. the only you can depend is the news letters of the dev. and people pumping it. |
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phreaky
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September 19, 2016, 08:02:29 AM |
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It is not an easy job to be able to make a living out of Bitcoin because it is hard to make money every month with Bitcoin. Bitcoin is also not stable and that is also something that makes it hard.
If you want to make a living out of it then you will have to be sure that you make enough money with it.
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@prashant
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September 19, 2016, 11:41:22 AM |
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It is not an easy job to be able to make a living out of Bitcoin because it is hard to make money every month with Bitcoin. Bitcoin is also not stable and that is also something that makes it hard.
If you want to make a living out of it then you will have to be sure that you make enough money with it.
Exactly right anyone can not only focus on bitcoin/altcoin trading for his/her living.most of the new user can not even get 1 bitcoin in 1 year unless they go for risk services.trading is good for those bitcoin user who already have good backup of bitcoin i.e early users. |
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JumperX
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September 19, 2016, 11:47:37 AM |
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It is not an easy job to be able to make a living out of Bitcoin because it is hard to make money every month with Bitcoin. Bitcoin is also not stable and that is also something that makes it hard.
If you want to make a living out of it then you will have to be sure that you make enough money with it.
Yeah and you can make a living with trading only if you have huge capital to invest, as with higher capital you will also earn higher profits which can be enough for a living. |
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dinda22
Legendary
Offline
Activity: 1232
Merit: 1000
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September 19, 2016, 12:05:23 PM |
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It is not an easy job to be able to make a living out of Bitcoin because it is hard to make money every month with Bitcoin. Bitcoin is also not stable and that is also something that makes it hard.
If you want to make a living out of it then you will have to be sure that you make enough money with it.
Yeah and you can make a living with trading only if you have huge capital to invest, as with higher capital you will also earn higher profits which can be enough for a living. yes, you are right, to have a lot of capital it is quite easy to make a profit on the trade. moreover altcoin trading easier and a lot of choices, making it feasible to make a living from trading. because bitcoin trading tends to be more stable and trade bitcoin little difficult to be an earning living. |
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arwin100
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September 19, 2016, 12:06:01 PM |
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I would like to ask a question to OP.
i just got into altcoin trading and I've looked at some technical analysis methods (eg candlesticks and indicators). Altcoin trading unlike forex seems to be more about looking at the social aspect and seems to be based primarily on instinct. For example, say for some unknown altcoin, you need to know if it has a useful niche. How close to the truth is this?
You're very close to the truth. But still volume based technical analysis works on altcoins. Technical analysis don't work much on crypto trading, its not like we can have a trading strategy solely base on the technical details as we don't even see some indicators available to our platform ulike on meta trader. the only you can depend is the news letters of the dev. and people pumping it. But sometimes devs newsletterd are misleading but it can really indicate that the coin is still alive and slowly kicking, but for me i really rely on just god feel,charts and community thats why i earn sometimes in tradings, and maybe you can qlso joined he pump of the dev so we can earn yet for some certain coins in tading sites. |
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Doamader
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September 19, 2016, 01:12:03 PM |
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We all know that to make a living from trading is quite hard, even get the information on the right moment, some altcoins just moove without notice, soo you cant predict how much and till when the altcoin will jump.
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arseaboy
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September 19, 2016, 01:17:05 PM |
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We all know that to make a living from trading is quite hard, even get the information on the right moment, some altcoins just moove without notice, soo you cant predict how much and till when the altcoin will jump.
its really hard to make it as your source for living as price is unstable and the movement really hard to postion your entry but if you have big investment capital and if you keep on searching for any alt from time to time it is possible especially if you have a luck doing some arbritage thats more possible to earn a lot. |
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AlgoSwan (OP)
Sr. Member
Offline
Activity: 308
Merit: 250
ancap
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September 20, 2016, 06:35:47 AM |
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Aren't you tired of your money being held hostage to the price direction of BTC or altcoins?
Why are the average sit at-home cryptocurrency investors/traders willing to be trapped by a coin they purchased, hoping and praying that it appreciates in value?
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Looking to buy a verified betfair account with escrow.
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newcoins1978
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September 22, 2016, 08:43:35 AM |
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It can be possible but the thing is that you will have to handle in allot of them to make enough money every month so that you can pay everything that you need to pay.
I think that the risk is to great so I just do them on the side.
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Altcoinmoney
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October 04, 2016, 02:09:08 PM |
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I think that it is possible but it means that you will have to handle in allot of them to make enough so that you can make a living out of it.
For me it is not possible and that is why I do Bitcoin in the side.
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Doamader
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October 04, 2016, 11:01:44 PM |
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This is only possible for people with something like 20btc and exchanging all days to get enought profit to make a live from those, the others people with 1 btc and 5 btc cant live from this, its insane to even try it, they can get an income but not enought.
I think the larger the capital you have, the greater the possibility you to get a bigger loss. I think it's not a problem to use a small capital. because income from trading altcoin practically unlimited. so you can live from trade despite having a fairly small capital What im saying is that with 20 bitcoins you can make easy 0,10btc daily with a low change into the value of any crypto coin, with small ammount you will need to expose a bit more your small coins, and to reach those 0,10btc daily you will need to make atleast 3-5 trades, thats what i were saying. |
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Wind_FURY
Legendary
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Activity: 2912
Merit: 1825
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October 05, 2016, 02:55:11 AM |
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Does Algoswan still update this thread? He said that he will post his live trades. I think it would be interesting to watch and learn from what he does and the moves he makes with Bitcoin and Ethereum. I am still a newbie in trading and I would like to know how much in average does he earn from trading. Also if my starting capital is 10 BTC how much would I expect to earn each month learning his style?
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Yakamoto
Legendary
Offline
Activity: 1218
Merit: 1007
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October 05, 2016, 03:27:25 AM |
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Does Algoswan still update this thread? He said that he will post his live trades. I think it would be interesting to watch and learn from what he does and the moves he makes with Bitcoin and Ethereum. I am still a newbie in trading and I would like to know how much in average does he earn from trading. Also if my starting capital is 10 BTC how much would I expect to earn each month learning his style?
I've heard of some people that are able to make $1000 on some larger market movements with some alts that they pump or just catch a nice movement on, however a lot of those numbers can be debated and the one-day moves are quite rare and it isn't easy to see one of them on the horizon until they happen, and even by then it is typically too late. As for having 10 BTC as a starting capital, you would be looking at somewhere around the same ballpark, however being new to trading you should just do small trades at first and learn how everything works before you start to get heavily invested in anything. As for how good you'd do following Algoswan's technique, I have no idea because I don't know what he does. |
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mace15
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October 05, 2016, 07:30:19 AM |
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This is only possible for people with something like 20btc and exchanging all days to get enought profit to make a live from those, the others people with 1 btc and 5 btc cant live from this, its insane to even try it, they can get an income but not enought.
I think the larger the capital you have, the greater the possibility you to get a bigger loss. I think it's not a problem to use a small capital. because income from trading altcoin practically unlimited. so you can live from trade despite having a fairly small capital This is right, the larger of btc you have the larger of loses btc also. When you invest on trading only there's a tendency of losing btc, because of keep in monitoring the downside and upside of current price. Much better not to invest on trading only, thus dont put your eggs in one basket.! |
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