Profiting With Bitcoin

[Cyberczar]

Hi everyone, hope you're enjoying earning bitcoins. I have a question for folks trading bitcoin and making profit. How do you do it?

I mean:

1) What are the processes involved in growing your bitcoin by knowing when the price will rise or fall?

2) Are there software or value graphs that can aid a trader?

3) What indicators do you use to know what altcoin to buy, which is likely to rise or diminish in value?

4) Do you make profit by trading your bitcoin with your national currencies?

Thank you for your input.

[erickkyut]

These are my answers on your questions.

1. You cannot predict when the price will rise or fall. All I do is buy when the price is low and sell when the price is high.

2. I'm not sure if there are software or graphs. What I'm doing is having an assumption if the price will go up or down based on the current events. I'm reading articles about crypto currency.

3. Just what I've said on number 2, I'm only doing some research. Before I buy on ICO, I'm reading their whitepaper and roadmap.

4. I'm making profit by trading Bitcoin to altcoins.

I know it's not much but I hope that my answers will help you. Happy earning!

[sarmrakib]

Profit with bitcoin is a common subject now.So many people being profited by bitcoin holding, trading and etc, and made their life shine.

[crismass1225]

1. we cannot predict were bitcoin price will go up or down i only do is to watch from different exchanges paltform when the price down I buy when the price up I sell.

2. I dont there sodtware to buy to aid as trader, but try to search maybe theres one exist. I only do is to assume if the price will go up and down base on the current news and event. watch CFNM news or check bitcoin news, you can also check latest news from coinbase and coindesk.

3. when buying altcoin check first it background how do the project make a solution to the problem, background of the Dev. team, Status of the Company offering ICO or IPO are they really have as strong foundations, advisers and investors. Make a research mostly check their road map and whitepapers.

4. "Do you make profit by trading your bitcoin with your national currencies?" NO you cannot. You can make profit if you buy alcoin using bitcoin and trade that altcoin when its price go up.

these are my answer to you question hope it helps you! good luck and happy earnings.

[Glory90]

1) What are the processes involved in growing your bitcoin by knowing when the price will rise or fall?

i don't know exactly when prices will rise or fall, but I'm trying to find out the price conditions based on economic data, and news happening on the market

2) Are there software or value graphs that can aid a trader?

i don't know about that i just rely on the charts, and charts are available in exchange.

3) What indicators do you use to know what altcoin to buy, which is likely to rise or diminish in value?

SMA, EMA and Fib levels

4) Do you make profit by trading your bitcoin with your national currencies?

i tend to make profit by trading bitcoin with altcoin,

[13abyknight]

There are plenty of tools and websites which offer various resources for pricing of Bitcoin, trends, graphs etc. Google can help you out with that. About altcoins, always think that the market is volatile and be ready with quick decisions to buy/sell or else you won't know when the landslide will hit.

[Immakillya]

You can grow your bitcoins just by selling them at the high price and buy again when the price falls. It's a bit hard though because it's hard to predict what will happen next. We all know bitcoin is so volatile. So i suggest, just sell them when you are comfortable with your profit. Another way to grow bitcoin is to trade them for altcoins. Sometimes bitcoin falls and altcoins are rising. This will give you alot of profit if you'll understand how to do it.

I just don't know if there are tools to predict what exactly will happen to the price. So better make a research. Actually, it's not that hard. Just look at the news, graphs and im sure it will give idea on what's about to happen next.

[jamids]

1) What are the processes involved in growing your bitcoin by knowing when the price will rise or fall?

Since bitcoin is highly affected by the fundamentals than technical then I just always watch out for any news involving bitcoin like what just happen recently that can affect the price and it doesn't matter if it is fake or real because people usually react immediately not researching more if news is real or fake.

2) Are there software or value graphs that can aid a trader?

I do use a chart for technical analysis in trading view and there's already a chart provided in exchanges.

3) What indicators do you use to know what altcoin to buy, which is likely to rise or diminish in value?

Support and resistance, bollinger bands, stochastic RSI and volume with fundamental analysis as well whether there are recent developments in the project

4) Do you make profit by trading your bitcoin with your national currencies?

I trade altcoins because most of the coins that has low market cap are very volatile. I trade some coins with low and high market cap. Low market cap is base on fundamentals while the high ones are technical and fundamental.

[bitgoldpanther1978]

Hi everyone, hope you're enjoying earning bitcoins. I have a question for folks trading bitcoin and making profit. How do you do it?

I mean:

1) What are the processes involved in growing your bitcoin by knowing when the price will rise or fall?

2) Are there software or value graphs that can aid a trader?

3) What indicators do you use to know what altcoin to buy, which is likely to rise or diminish in value?

4) Do you make profit by trading your bitcoin with your national currencies?

Thank you for your input.

In doing trade mate, the only rules that you need to do always is follow the Buy at low then Sell at high price value. Aside from that make your own research about it, because trading is very unpredictable and traders knows that, bear it in your mind dude. Good day

[dothebeats]

Hi everyone, hope you're enjoying earning bitcoins. I have a question for folks trading bitcoin and making profit. How do you do it?

I mean:

1) What are the processes involved in growing your bitcoin by knowing when the price will rise or fall?

2) Are there software or value graphs that can aid a trader?

3) What indicators do you use to know what altcoin to buy, which is likely to rise or diminish in value?

4) Do you make profit by trading your bitcoin with your national currencies?

Thank you for your input.

This topic should be in Trading Discussion as it asks for general things about trading.


1. Not really overcomplicating things. I buy when it's dark red and sell when it's green. Not a greedy person too, any gains I may have, as long as it's more than 10%, I take it.

2. bitcoinwisdom.com is good for currency pairs to BTC. It lists some exchanges available on their site for users to have an insight on the trading action within those exchanges.

3. Currently not into alts, but generally if there's too much hype about a coin, I try to take a look at it first.

4. Nope. Never tried that and wouldn't even bother.

[CryptoBry]

These are my answers on your questions.

1. You cannot predict when the price will rise or fall. All I do is buy when the price is low and sell when the price is high.
2. I'm not sure if there are software or graphs. What I'm doing is having an assumption if the price will go up or down based on the current events. I'm reading articles about crypto currency.
3. Just what I've said on number 2, I'm only doing some research. Before I buy on ICO, I'm reading their whitepaper and roadmap.
4. I'm making profit by trading Bitcoin to altcoins.

I know it's not much but I hope that my answers will help you. Happy earning!

The best thing to do is always learn as much as we can and then start doing some trades to try to test the market. Using some of the best exchanges we have like Bittrex and Poloniex one can easily navigate those sites and then do some trading.Nobody should expect to be good on the first tries so never give up when encountering some loss.

[sana54210]

What are the processes involved in growing your bitcoin by knowing when the price will rise or fall?

You can’t tell whether price will go up or not, but may looking at things, you may easily come up with the right decision.

Are there software or value graphs that can aid a trader?

Yes there are bots that people use for trading and they are everywhere online, including fake ones. I won’t even rely on such things if I’m going to trade.

What indicators do you use to know what altcoin to buy, which is likely to rise or diminish in value?

lol, you need nothing but just a live chart to tell when an altcoins is profiting so you can make investment. One of the best altcoins to invest is Ethereum.

Do you make profit by trading your bitcoin with your national currencies?

Sort of.

[Maum]

I just keep it without graphs. Bitcoin will do now and in future what it did the last years. It will continue raising.

[alva5763]

Bitcoin is not really different from other investments. The same questions could be asked and same answers giving if you were buying company stocks or gold. You have to watch what is happening and then make your decision.

[weblouartisan]

No one has actually an accurate predictions unless there is a news that will advertise of increasing its value. If you want to know if the coin has a potential to increase its value periodically then just base on the experienced traders thoughts. Trading is too risky its like gambling in a safer way.

[darthmaul]

Mostly making profits from the ICO projects which are easy to understand and predict as well. I would choose coinmarketcap and different t exchanger sites to analyse th performance of coins price. It all depends on how successful a ICO is going on or will be going to launch. There are different ICO with different perspective which is core thing to decide about an ICO success and ultimately the coins fate. You could checkout the graphs on various exchanger or trading platforms.

[Weawant]

Mostly making profits from the ICO projects which are easy to understand and predict as well. I would choose coinmarketcap and different t exchanger sites to analyse th performance of coins price. It all depends on how successful a ICO is going on or will be going to launch. There are different ICO with different perspective which is core thing to decide about an ICO success and ultimately the coins fate. You could checkout the graphs on various exchanger or trading platforms.

Coinmarketcap is a great site where we can see more statistics of the coin who have been added there but the coin who's been in there list are those successfully added coin with great volumes and those newly Finish ICO coins are cannot be easily added if the devs are so slow to add it up. But it's nearly impossible to determine if we can earn on the ICO since there are several devs who change there plans and that could make a coin lock for some time thats why we should now more on which coin we are going to invest so that we will go on the best coin project.

[Nivir]

Mostly making profits from the ICO projects which are easy to understand and predict as well. I would choose coinmarketcap and different t exchanger sites to analyse th performance of coins price. It all depends on how successful a ICO is going on or will be going to launch. There are different ICO with different perspective which is core thing to decide about an ICO success and ultimately the coins fate. You could checkout the graphs on various exchanger or trading platforms.

I agree and you can't learn all the trading tricks overnight though, you have read also topics about it. I found those topics on google and yes the best place to check or analyse the graphs of these coins are through the coinmarketcap site. So far it os the most up to date site and you can also check through the trading sites like Bittrex or Poloniex as well.

[Kocret02]

Mostly making profits from the ICO projects which are easy to understand and predict as well. I would choose coinmarketcap and different t exchanger sites to analyse th performance of coins price. It all depends on how successful a ICO is going on or will be going to launch. There are different ICO with different perspective which is core thing to decide about an ICO success and ultimately the coins fate. You could checkout the graphs on various exchanger or trading platforms.

I agree and you can't learn all the trading tricks overnight though, you have read also topics about it. I found those topics on google and yes the best place to check or analyse the graphs of these coins are through the coinmarketcap site. So far it os the most up to date site and you can also check through the trading sites like Bittrex or Poloniex as well.

coinmarketcap can be used for early viewing charts after trading. but bittrex may be a reference because bittrex is more popular and there are always developments every time.

[MiriamWeston]

This guy claims that his wordpress site had a turnover of over 6 million yesterday (March 19 2013). This may or may not be true, who knows, but let's assume it is for the sake of argument. His average commission is likely to be around 50 bips, judging from his fee schedule. After all, since you can't get more than 1000 bucks out per day, few people will be gullible enough to do larger trades.