viking02 (OP)
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June 25, 2017, 02:54:01 AM |
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I would be very interested in this. For those that do this full time as their job, what percentage of these traders would you say profit per year?
Obviously people who trade recreationally, the success rate is much lower right? But i would be very curious about this.
I'm also curious how much people would you say trade currency as their full time job? Most importantly, how much money would you guys say you need to make money trading coins? Let say you want to profit $50,000 a year. Would you say you probably need like $150,000 in free cash to do something like this? By that, i mean have $150,000 in your bank account/trading account combined in order to manage $50,000 profit a year? also would you say trading currency is easier/harder than those people who trade stocks? Because from it seems, its like most coins seem to go up right? How many total crpttocurrency coins are there right now? How many coins have failed where that coin no longer exists? Or do these coins just stay at 0 and still exist etc?
I also heard people trade currency such as usd/euro as well. is that harder/easier than stocks? What about compared to cryptocurrency?
Because it seems like as long as you get these coins when price is low and there is promise to these coins like they are in the top 10 or 15 list, well wouldn't it just be wise to at least buy them? Also if you use the concept of buy low and sell high, then shouldn't that you give you advantage? For example if ETH is $300. you buy 200 of them at $60,000. Now it goes up to $350. You immediately sell them all and profit $10000 minus the fees.. lets just say its 1 percent or 100 dollars. So you made $9900. But of course it could drop to $250 and you are down $10000. But basically just wait until it goes above the price and then sell. The issue with this i know is well a coin could just plummet and never go back up. But even if it does that, well it can always still go back though it might take a very long time. So imagine a person buys a lot of ETH, zcash and coins that have lot of good reviews from people, then shouldn't this give an advantage? Of course you arent going to buy some coin that has a ridiculous name like leocoin since nothing will probably come out of that coin.
Thoughts?
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viking02 (OP)
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June 25, 2017, 03:04:14 AM |
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Another thing i want to add. So example imagine a coin that started out as $0.25. The coin went up to $1. Now if you invest say $1000 in it, you get 1000 coins. Now whats the worst that can happen? Well it drops to 0 right? You lost your $1000 investment in that coin. Now imagine the coin increases it value. It could increase to $2. By that, you doubled your money. And obviously it can go up to $5, 10 and beyond. Now imagine it goes up to $100. You would make 100x your investment. So that $1000 you invested on a coin thats $1 is now 1 million dollars if you bought 1000 coins and just held it the entire time. But im curious what happens if a coin is around 0 or close to 0. Does it just stay there? Because let say it does for a long time, well it can always go back up right? That is what im confused about it. Also wouldn't it seem like for traders... buying something really low should always be done as long as that coin is not something ridiculous? Because you are risking very little with the possibility of making a lot etc.
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,,,,╓╖µpp╖╖,,,, ,╓g▄▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▄µ╖ ,╖ ,╓@▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓Ñ╖ ,@▓▌ ,á▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓µ╫▓▓▓▌ ╓@▓▓▓▓▓▓▓▓▓█▓▀╜╙ '╙▀▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ╓▓▓▓▓▓▓▓▓█▓▀` ╙▀▓▓▓███████▌ @▓▓▓▓▓▓▓█▀` ,,,,, ,g▓███████▀` ╓▓▓▓▓▓▓██▀ ,µ▄▓▓▓▓▓▓▓█▓▓▓▄@, ,@▓███████▀ ]▓▓▓▓███▓` ╓▄▓█▓▓▓▓▓▓▓▓▓▓▓█████████████▓╜ ]▓▓▓▓█▓█╝ ╓▓█████▓▓▓▓▓▓▓▓▓████████████▀╜ ▓▓▓▓███▌ ╙▓███████▓▒ "▀▓██████▀` ╫▓▓▓███▌ "▀████████▄ '▓██▀ ▓█▓███▓▒ `▀████████▄, ` ]▓█████▌ ╙████████▓, ]▓█████▌ ╙▓█▓█▓▓▓█▓╖ ]▓█████▌ ╙▀█▓▓▓▓▓▓▓╖ ▓█████▓[ ,, `▀▓▓▓▓▓▓▓▓▄ ▓██████[ ╓@ ╙▓▓▓▓▓▓▓▓▓╖ ╠██████▓ ╓▓▓▓▓m ╙▓█▓▓▓▓▓█▓@ ▓█████╜ ,g▓▓▓▓▓▓▓▓▓▄╖╖,,,╓╖▓▓██▓▓▓▓▓▓ └▓█▓╜ ,@▓▓▓▓▓▓▓▓▓▓▓▓████████████▓▓█▀ '" ╓@▓▓▓▓▓▓▓▓▀▓▓▓▓█████████████▀╙ , ╓▓▓▓▓▓▓▓▓▓╜ ╙▀▀▀▀▓▓▓▀▀▀▀╜ ╓▓▓▓╖ g▓█▓▓▓▓▓▓▓` ,g▓▓▓▓▓▓▓w ,g▓██████████▓▄, ,╓@▓▓█▓▓▓█▓██╜ ▓████████████████▓▄▄p╖,, ,,╓µ▄▄▓██████████▓╜ ▓█████╜╙▀███████████████████████████████████▀` ▓██▓╜ "▀▀███████████████████████████▀╜` ▓▀` ╙▀▀▀███████████████▀▀▀" | . COMSA ICO: Oct 2 - Nov 6 | █████ ▄▄▄ ███ ███ ▀▀▀ ███ ███ ███ ▀▀▀ ███ ███ ███ █████ | | █████ ▄▄▄▄▄ █████ █████ ▀▀▀▀▀ █████ █████ █████ ▀▀▀▀▀ █████ █████ █████ █████ |
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Zadicar
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DGbet.fun - Crypto Sportsbook
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June 25, 2017, 04:17:34 AM |
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As far as i understand it doesnt really need to have a big bankroll on starting on doing trading either on forex or crypto but having a bigger ones does really have an advantage since you can arrange or set your lot size anytime you want. Preparing trading set-ups would be similar on both field since they do both trading the difference is the thing you are trading too and i would say price movements prediction is the hardest part of being a trader but as you trade you do gain experience which can mold you to a better trader later on.If i do have the money i will extent on both fields and by the way im doing binary options trading.
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pooya87
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June 25, 2017, 04:46:50 AM |
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one thing you are forgetting in your numbers is that these things don't just go from $10 to $400. it takes time and a lot of steps, many will sell because you can't be sure at $20, $200 and so on if the price will pump more or not. and you will have to take the safer route rather than risking getting dumped on.
also another thing is that they all stop and get dumped at some point. for example ETH was nearly $400 and now it is heavily dumped and is continuing to go down. currently at $295 so as you see there is two sides to trading, and one side is the loss.
and for your second comment, a coin that can go from $0.25 to $1000 doesn't have any resistance, in other words it doesn't have any volume. so you can't even invest a large amount of money in it. and selling a large amount of that coin will crush the price down to 0 again.
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iamTom123
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June 25, 2017, 04:55:22 AM |
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Figures like the ones you are asking depends a lot on a trader's strategies and also the level of guts plus of course the capital. There are definitely good traders who can easily capitalize on movements in the market and there are those who like me are just doing it more to learn and feel the market first.
Cryptocurrency trading is still considered to be in its "infancy" period basically it has not yet matured although there are now professional tool available online. I can feel that majority of traders in both Poloniex and Bittrex are still not professional so sometimes they can commit mistakes especially if they don't know how to read the trends and they get emotional.
However, it is really true that one can make good money here. I have a friend who easily double his Bitcoin for just one month of trading but then again past performance can never be a guarantee...the most important thing for him is he is always learning and adopting to the market.
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ktabb
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June 26, 2017, 01:09:13 AM |
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I would be very interested in this. For those that do this full time as their job, what percentage of these traders would you say profit per year?
Obviously people who trade recreationally, the success rate is much lower right? But i would be very curious about this.
I'm also curious how much people would you say trade currency as their full time job? Most importantly, how much money would you guys say you need to make money trading coins? Let say you want to profit $50,000 a year. Would you say you probably need like $150,000 in free cash to do something like this? By that, i mean have $150,000 in your bank account/trading account combined in order to manage $50,000 profit a year? also would you say trading currency is easier/harder than those people who trade stocks? Because from it seems, its like most coins seem to go up right? How many total crpttocurrency coins are there right now? How many coins have failed where that coin no longer exists? Or do these coins just stay at 0 and still exist etc?
I also heard people trade currency such as usd/euro as well. is that harder/easier than stocks? What about compared to cryptocurrency?
Because it seems like as long as you get these coins when price is low and there is promise to these coins like they are in the top 10 or 15 list, well wouldn't it just be wise to at least buy them? Also if you use the concept of buy low and sell high, then shouldn't that you give you advantage? For example if ETH is $300. you buy 200 of them at $60,000. Now it goes up to $350. You immediately sell them all and profit $10000 minus the fees.. lets just say its 1 percent or 100 dollars. So you made $9900. But of course it could drop to $250 and you are down $10000. But basically just wait until it goes above the price and then sell. The issue with this i know is well a coin could just plummet and never go back up. But even if it does that, well it can always still go back though it might take a very long time. So imagine a person buys a lot of ETH, zcash and coins that have lot of good reviews from people, then shouldn't this give an advantage? Of course you arent going to buy some coin that has a ridiculous name like leocoin since nothing will probably come out of that coin.
Thoughts?
1. Probably most people trading crypto have profited this year. The crypto market has gone up a lot, so anybody owning crypto will profit. 2. Profiting is meaningless - trading is pointless if you can't profit by a greater margin than the overall crypto market. If you are going to trade, you need to beat people who just buy and hold. The number of people who beat holders this year is probably very, very low. If you extend this year to, say, 5 years, then the number of traders who beat the market is almost certainly nearly zero. Studies have shown that only about 0.6% of wall st. fund managers can beat the market consistently. With crypto, people will definitely perform worse. There is a myth here that people make a regular steady income trading coins. Nobody makes a regular steady income trading anything, unless you work for a bank or institution which pays you a salary. There are no "professional" day traders. If you want to make money in investments, there are three different ways: investing, trading, and gambling (I wrote a post about this here: http://www.demoinvestor.com/articles/00000002) Gambling: Trading crypto or day trading anything is basically gambling. It is luck based. People like to pretend they can figure things out using charts and technical indicators, but they can't. If you don't believe me, check out warren buffett's bet against fund managers... and these guys are professionals who have devoted their lives to managing money. You can make money day trading, but it is gambling. The longer you stay at a casino, the lower your chances of coming away with a profit. That's just a statistical fact. It's the same with day trading. Investing: Buying and hodling. This is a great way to make money. You don't have to do anything, and you hardly have to know anything. If you by and hodl a good asset for a long time, you have a very good chance of coming out on top, and making quite a bit of money. Look at bitcoin as an example for this, but better yet, look at the s&p 500 over the last century. Trading: If you want to go for something in between investing and gambling, try trading. Trading is skill based, but very few people can profit consistently. In my experience, the best way to make money trading is in the stock market. It takes an enormous amount of time to research and learn enough to be able to actually make good decisions, control your emotions, and consistently come out on top. That being said, trading can make you a LOT more money than investing. I don't think this can be done at all in the crypto market, because the market is not efficient enough. Prices are not always in line with coin values, and coin values are very difficult to determine (and subject to debate).
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Siskaver
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June 26, 2017, 03:43:05 AM |
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Another thing i want to add. So example imagine a coin that started out as $0.25. The coin went up to $1. Now if you invest say $1000 in it, you get 1000 coins. Now whats the worst that can happen? Well it drops to 0 right? You lost your $1000 investment in that coin. Now imagine the coin increases it value. It could increase to $2. By that, you doubled your money. And obviously it can go up to $5, 10 and beyond. Now imagine it goes up to $100. You would make 100x your investment. So that $1000 you invested on a coin thats $1 is now 1 million dollars if you bought 1000 coins and just held it the entire time. But im curious what happens if a coin is around 0 or close to 0. Does it just stay there? Because let say it does for a long time, well it can always go back up right? That is what im confused about it. Also wouldn't it seem like for traders... buying something really low should always be done as long as that coin is not something ridiculous? Because you are risking very little with the possibility of making a lot etc.
A lot of traders indeed seems to be fixated on price rather than value. This does not make much sense to me, since price often has very little to do with future potential. I kind of understand the argument that there is not so much room for the price to fall lower, but what we are really interested in is growing our capital, right? I try to look at the marketcap rather than the price of the coin. If there is a coin with a relatively small market cap, but that has a great idea and potential I will sometimes make an investment. So far I have had success but it is hard to say if it is luck or my good selection of coins.
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Bunsomjelican
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June 27, 2017, 09:25:29 PM |
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This will depend on the traders I think. Because there are some traders buying altcoins for short term and long term, both of this two you can get profit. If you try in a short term there are traders get profit from 5%-15% but in a long term from 500%-1000%.
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John Wick
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June 27, 2017, 10:15:11 PM |
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This will depend on the traders I think. Because there are some traders buying altcoins for short term and long term, both of this two you can get profit. If you try in a short term there are traders get profit from 5%-15% but in a long term from 500%-1000%.
Yes this is valid for traders, but I don't believe most of them are losing a lot. In pump times, all positions earned something but it lasted. Now, not more than 25% should be winning.
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Herbert2020
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June 28, 2017, 06:22:40 AM |
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it is possible to make profit with trading and even make a living doing it, and the fact is many people are already doing it! there are day traders with multiple monitors in front of them running bots and watching the market, analyzing, trading, moving thousands of dollar in and out and making money every day.
you can make any kind of profit that you want, $10 or $1000 or $50000. it is all possible and depend on how much you want to spend time on it. for many trading is like a secondary job or a hobby to make some small amount of profit but for some (as i said the day traders) it is their main job and they go in big and make a lot more but they risk losing a lot more too.
the problem is this is a high risk and as a result stressful job. and that makes it not-suitable for many. for example i have tried trading bitcoin but the stress and the time consumption was not for me so i invested long term. for altcoins i go in short term and make my profit, it is less stressful and i can say it is even easier but it is still time consuming so i can't do it always.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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oegarod
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June 28, 2017, 04:43:09 PM |
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Probably more than half of the traders are making profit through trading. Even if one fails on a particular day, the next day he might be profiting bigger and better profit. So trading is all about the way we make the move with patience as well we need good backing to be successful in trading.
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passionsurf
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June 28, 2017, 05:05:30 PM |
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Probably more than half of the traders are making profit through trading. Even if one fails on a particular day, the next day he might be profiting bigger and better profit. So trading is all about the way we make the move with patience as well we need good backing to be successful in trading.
If you're talking bitcoin, then I bet the majority of traders this year have profited. But if bitcoin drops back down to the 800-1000 range, then the majority of current traders would likely lose. If you're talking Forex, then the banks are typically those that profit, and I'd expect that the majority of day traders really just lose their money to the banks.
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mobnepal
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June 28, 2017, 05:20:09 PM |
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I think investors of ICO can earn more than what short term crypto traders earn. I have seen few successful forex trader before but haven't heard about any crypto traders making millions per month. So I think only 1-2% of crypto traders are earning hansom amount of profit but ICO investors are already in huge profit.
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Iranus
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June 28, 2017, 05:35:08 PM |
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IMO less than 10% if you look at it on a long term basis.
A huge number of investors profit, when they buy and then just hold for a long time, but the whole idea of trading on a regular basis is pure bullshit. Overall, the total money earned is always less than zero because the exchange pulls in money all the time. People who profit short-term convince themselves they have a solid strategy but all they're really doing is profiting from people who are a tiny bit stupider than them.
Whales profit because they can pump and dump shitcoins 24/7. For other people it's hard to tell.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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matchi2011
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June 28, 2017, 05:52:18 PM |
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I think most traders, if not all, have profited in trading one way or another. whether it's a small profit or bigtime profit. Though trading is a risky venture, it's noy always losses. More often than not, if you know what you're doing you'll be profitting from it.
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Ucy
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June 28, 2017, 07:54:14 PM |
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I would be very interested in this. For those that do this full time as their job, what percentage of these traders would you say profit per year?
Obviously people who trade recreationally, the success rate is much lower right? But i would be very curious about this.
I'm also curious how much people would you say trade currency as their full time job? Most importantly, how much money would you guys say you need to make money trading coins? Let say you want to profit $50,000 a year. Would you say you probably need like $150,000 in free cash to do something like this? By that, i mean have $150,000 in your bank account/trading account combined in order to manage $50,000 profit a year? also would you say trading currency is easier/harder than those people who trade stocks? Because from it seems, its like most coins seem to go up right? How many total crpttocurrency coins are there right now? How many coins have failed where that coin no longer exists? Or do these coins just stay at 0 and still exist etc?
I also heard people trade currency such as usd/euro as well. is that harder/easier than stocks? What about compared to cryptocurrency?
Because it seems like as long as you get these coins when price is low and there is promise to these coins like they are in the top 10 or 15 list, well wouldn't it just be wise to at least buy them? Also if you use the concept of buy low and sell high, then shouldn't that you give you advantage? For example if ETH is $300. you buy 200 of them at $60,000. Now it goes up to $350. You immediately sell them all and profit $10000 minus the fees.. lets just say its 1 percent or 100 dollars. So you made $9900. But of course it could drop to $250 and you are down $10000. But basically just wait until it goes above the price and then sell. The issue with this i know is well a coin could just plummet and never go back up. But even if it does that, well it can always still go back though it might take a very long time. So imagine a person buys a lot of ETH, zcash and coins that have lot of good reviews from people, then shouldn't this give an advantage? Of course you arent going to buy some coin that has a ridiculous name like leocoin since nothing will probably come out of that coin.
Thoughts?
1. Probably most people trading crypto have profited this year. The crypto market has gone up a lot, so anybody owning crypto will profit. 2. Profiting is meaningless - trading is pointless if you can't profit by a greater margin than the overall crypto market. If you are going to trade, you need to beat people who just buy and hold. The number of people who beat holders this year is probably very, very low. If you extend this year to, say, 5 years, then the number of traders who beat the market is almost certainly nearly zero. Studies have shown that only about 0.6% of wall st. fund managers can beat the market consistently. With crypto, people will definitely perform worse. There is a myth here that people make a regular steady income trading coins. Nobody makes a regular steady income trading anything, unless you work for a bank or institution which pays you a salary. There are no "professional" day traders. If you want to make money in investments, there are three different ways: investing, trading, and gambling (I wrote a post about this here: http://www.demoinvestor.com/articles/00000002) Gambling: Trading crypto or day trading anything is basically gambling. It is luck based. People like to pretend they can figure things out using charts and technical indicators, but they can't. If you don't believe me, check out warren buffett's bet against fund managers... and these guys are professionals who have devoted their lives to managing money. You can make money day trading, but it is gambling. The longer you stay at a casino, the lower your chances of coming away with a profit. That's just a statistical fact. It's the same with day trading. Investing: Buying and hodling. This is a great way to make money. You don't have to do anything, and you hardly have to know anything. If you by and hodl a good asset for a long time, you have a very good chance of coming out on top, and making quite a bit of money. Look at bitcoin as an example for this, but better yet, look at the s&p 500 over the last century. Trading: If you want to go for something in between investing and gambling, try trading. Trading is skill based, but very few people can profit consistently. In my experience, the best way to make money trading is in the stock market. It takes an enormous amount of time to research and learn enough to be able to actually make good decisions, control your emotions, and consistently come out on top. That being said, trading can make you a LOT more money than investing. I don't think this can be done at all in the crypto market, because the market is not efficient enough. Prices are not always in line with coin values, and coin values are very difficult to determine (and subject to debate). This is kind of stuff I saw everywhere as a Newbie, it just unfortunate. I went into Crypto trading with alot of fear and was shocked how easy a very dedicated person can succeed in it. I do not understand the evolutionary benefits of encouraging poverty. Until I do i will never tolerate it.
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Ucy
Sr. Member
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June 28, 2017, 07:55:15 PM |
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I would be very interested in this. For those that do this full time as their job, what percentage of these traders would you say profit per year?
Obviously people who trade recreationally, the success rate is much lower right? But i would be very curious about this.
I'm also curious how much people would you say trade currency as their full time job? Most importantly, how much money would you guys say you need to make money trading coins? Let say you want to profit $50,000 a year. Would you say you probably need like $150,000 in free cash to do something like this? By that, i mean have $150,000 in your bank account/trading account combined in order to manage $50,000 profit a year? also would you say trading currency is easier/harder than those people who trade stocks? Because from it seems, its like most coins seem to go up right? How many total crpttocurrency coins are there right now? How many coins have failed where that coin no longer exists? Or do these coins just stay at 0 and still exist etc?
I also heard people trade currency such as usd/euro as well. is that harder/easier than stocks? What about compared to cryptocurrency?
Because it seems like as long as you get these coins when price is low and there is promise to these coins like they are in the top 10 or 15 list, well wouldn't it just be wise to at least buy them? Also if you use the concept of buy low and sell high, then shouldn't that you give you advantage? For example if ETH is $300. you buy 200 of them at $60,000. Now it goes up to $350. You immediately sell them all and profit $10000 minus the fees.. lets just say its 1 percent or 100 dollars. So you made $9900. But of course it could drop to $250 and you are down $10000. But basically just wait until it goes above the price and then sell. The issue with this i know is well a coin could just plummet and never go back up. But even if it does that, well it can always still go back though it might take a very long time. So imagine a person buys a lot of ETH, zcash and coins that have lot of good reviews from people, then shouldn't this give an advantage? Of course you arent going to buy some coin that has a ridiculous name like leocoin since nothing will probably come out of that coin.
Thoughts?
1. Probably most people trading crypto have profited this year. The crypto market has gone up a lot, so anybody owning crypto will profit. 2. Profiting is meaningless - trading is pointless if you can't profit by a greater margin than the overall crypto market. If you are going to trade, you need to beat people who just buy and hold. The number of people who beat holders this year is probably very, very low. If you extend this year to, say, 5 years, then the number of traders who beat the market is almost certainly nearly zero. Studies have shown that only about 0.6% of wall st. fund managers can beat the market consistently. With crypto, people will definitely perform worse. There is a myth here that people make a regular steady income trading coins. Nobody makes a regular steady income trading anything, unless you work for a bank or institution which pays you a salary. There are no "professional" day traders. If you want to make money in investments, there are three different ways: investing, trading, and gambling (I wrote a post about this here: http://www.demoinvestor.com/articles/00000002) Gambling: Trading crypto or day trading anything is basically gambling. It is luck based. People like to pretend they can figure things out using charts and technical indicators, but they can't. If you don't believe me, check out warren buffett's bet against fund managers... and these guys are professionals who have devoted their lives to managing money. You can make money day trading, but it is gambling. The longer you stay at a casino, the lower your chances of coming away with a profit. That's just a statistical fact. It's the same with day trading. Investing: Buying and hodling. This is a great way to make money. You don't have to do anything, and you hardly have to know anything. If you by and hodl a good asset for a long time, you have a very good chance of coming out on top, and making quite a bit of money. Look at bitcoin as an example for this, but better yet, look at the s&p 500 over the last century. Trading: If you want to go for something in between investing and gambling, try trading. Trading is skill based, but very few people can profit consistently. In my experience, the best way to make money trading is in the stock market. It takes an enormous amount of time to research and learn enough to be able to actually make good decisions, control your emotions, and consistently come out on top. That being said, trading can make you a LOT more money than investing. I don't think this can be done at all in the crypto market, because the market is not efficient enough. Prices are not always in line with coin values, and coin values are very difficult to determine (and subject to debate). This is kind of stuff I saw everywhere as a Newbie, it just unfortunate. I went into Crypto trading with alot of fear and was shocked how easy a very dedicated person can succeed in it. I do not understand the evolutionary benefits of encouraging poverty. Until I do i will never tolerate it.
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onefinecoin
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June 28, 2017, 08:56:12 PM |
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there is no fixed answer to almost everything you asked.
You can do research about stock and forex ( usd /euro ) trading but there is no way you will get good insight into what the crypto market holds, as its very new and still under development.
If you are really trying to get answer to make up your mind, just get started small. What ever you can spare, and get started and slowly you will learn and find answers to everything you seek !
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hammerboy
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June 29, 2017, 01:17:33 PM |
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That depends on how much you invested. I started with Paxful and my capital profited triple when the time bitcoin goes up. trading is not my full-time job. I am happy with the profit so far.
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mrfreezeh
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June 29, 2017, 03:26:41 PM |
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That depends on how much you invested. I started with Paxful and my capital profited triple when the time bitcoin goes up. trading is not my full-time job. I am happy with the profit so far.
Congratulation!!! This is a ways for people not have more time to trading Bitcoin, you can think it like as saving place and can take more profit if holding long-term. Trading just a ways for people use all time for work and risky more than holding because you can loss anytime if you make mistake!
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