From 0.1 to 1 BTC in 6 months with Day-Trading

[berluscoin]

Just to know, what do you think about forex? is that market similar to crytpcurrency??

i'm wondering what capitals you need to live just with forex, i seen that the average volatility of forex is about 1/3% daily, so, i guess you have a  biiiiig amount of money for live with forex....

i'm a nOOb in trading, just asking

This volatility in cryptocurrency is a mine of gold, how long did you think that this funny games will continue to be like that?

In Forex trading you can use the leverage, so you can turn a +0.5% into a +50%. Of course you can also turn a -0.5% into a -50%
You control the risk/opportunity, you set your potential risk and your potential profit. It is the same for crypto.
People usually say "I don't invest in bitcoin/crypto because it is a very risky investment". That's a stupid thing to say about investments. If you have $10,000 to invest, no one is telling you to buy $10,000 worth of bitcoin. You can invest $100 in bitcoin and you are risking only 1% of your total asset.
Again, you are in control of the risk.
I think that Forex market is very different from cryptocurrency and I prefer Forex for 3 main reasons:

1. Brokers are regulated (at least if you know what to choose). They are regulated by national institutes and in most cases you get back up to $50,000 in case of bankruptcy. I use bittrex for crypto, but when I opened an account with them, the only thing about regulation that they had on the contract was: "Bittrex is based in the United States and our Services are subject to U.S. law." I might not be an expert about cryptocurrency, but it looks obvious that your money is not safe on these exchanges.

2. Technical analysis makes more sense in Forex trading. Technical analysis is used to understand where supply and demand are addressed, in order to try to catch the next price movements. In crypto world, it seems that the price is only driven by fast speculation. It's hard to find an uptrend that lasts for weeks or months (excluding bitcoin).

3. Fees are much lower.

[MURONDI]

I used to like forex trading, After awhile I felt there was something strange, I am aware that the broker will do everything possible to defeat the traders, that's why many brokers give huge deposit bonuses, In contrast to crypto trading, almost no one gives a deposit bonus for crypto trading, I think crypto trading is safer, as long as can choose the right coin.. I suggest that you make $ as a benchmark, BTC properties are very volatile so I think it is not right when made in the main balance..

[d0flaming0]

is it just me saying these or maybe some of us, it because i am wondering that this could actually be hard and it does really need further analysis. for me trading is very stressful and often time i just do swing trades but most of the times i am doing long term trades.

[berluscoin]

I used to like forex trading, After awhile I felt there was something strange, I am aware that the broker will do everything possible to defeat the traders, that's why many brokers give huge deposit bonuses, In contrast to crypto trading, almost no one gives a deposit bonus for crypto trading, I think crypto trading is safer, as long as can choose the right coin.. I suggest that you make $ as a benchmark, BTC properties are very volatile so I think it is not right when made in the main balance..

There are 2 different types of broker. Market makers and ECN. You are talking about market makers
Anyway I'm using BTC as benchmark because the altcoins on bittrex are quoted against the bitcoin. It's not fair that I can lose some trades but still have a gain in $ because bitcoin destroyed everything
The challenge is to reach 1BTC and, meanwhile, I also hope that the price of Bitcoin will increase.

[MagBink]

Thanks for your views and explanation.  I'm looking forward to your new posts.   

[MURONDI]

actually what we need is the exchange rate to our country's currency, if you have 0.1 btc with rate 7000$, suddenly the btc price drops to 500 $, even if you get 1 btc, financially you still lose..   but if it's just for the challenge and have fun it's okay ..

[bitcoin31]

I hope you will get your target 1 bitcoin in 6 mpnths in the capital of 0.1 bitcoin. I think it's depends to the coin you bought if the price increase or not. Many people earn a lot pf money because the coin they bought increase high. So choose good altcoin to your money. More altcoin more profit to cone and you will reach your target in short time . This is good thread to those people wabt to start trading to persuade them to start trade also.

[Dungard]

stressfull months ahead  hope for less forks in the future as these times are chaotic for the whole crypto market

[SCCFX]

is not very dificult trading with capital money 0.1 bitcoin to 1 bitcoin
but altcoin trading high risk high return , is good trade old coin with big volume transaction

[alexXx9]

Just to know, what do you think about forex? is that market similar to crytpcurrency??

i'm wondering what capitals you need to live just with forex, i seen that the average volatility of forex is about 1/3% daily, so, i guess you have a  biiiiig amount of money for live with forex....

i'm a nOOb in trading, just asking

This volatility in cryptocurrency is a mine of gold, how long did you think that this funny games will continue to be like that?

In Forex trading you can use the leverage, so you can turn a +0.5% into a +50%. Of course you can also turn a -0.5% into a -50%
You control the risk/opportunity, you set your potential risk and your potential profit. It is the same for crypto.
People usually say "I don't invest in bitcoin/crypto because it is a very risky investment". That's a stupid thing to say about investments. If you have $10,000 to invest, no one is telling you to buy $10,000 worth of bitcoin. You can invest $100 in bitcoin and you are risking only 1% of your total asset.
Again, you are in control of the risk.
I think that Forex market is very different from cryptocurrency and I prefer Forex for 3 main reasons:

1. Brokers are regulated (at least if you know what to choose). They are regulated by national institutes and in most cases you get back up to $50,000 in case of bankruptcy. I use bittrex for crypto, but when I opened an account with them, the only thing about regulation that they had on the contract was: "Bittrex is based in the United States and our Services are subject to U.S. law." I might not be an expert about cryptocurrency, but it looks obvious that your money is not safe on these exchanges.

2. Technical analysis makes more sense in Forex trading. Technical analysis is used to understand where supply and demand are addressed, in order to try to catch the next price movements. In crypto world, it seems that the price is only driven by fast speculation. It's hard to find an uptrend that lasts for weeks or months (excluding bitcoin).

3. Fees are much lower.

Yes, but you risk a lot, that risk that i avoid while using  a strategy based on support/resistance and a Hedgind Strategies (Averaging down dollar cost), i draw support and resistance, then i plan that the stock could reach the point 0, i will plan the amount of BTC needed for reach point 0, and then, at every support resistance i double/triple up my initial position in a way that i can use the cryptocurrency volatility for making money, this strategies has avoid me losses in the last 2 months, maybe not the most profitable strategy, because i ever start with 0.001 BTC for each position, but, sometimes, doubling up at every support, i get some trades with 0.2+ btc from the starts of 0.001...anyway  i sell in profit 99% of the times without being a bag holders.

A strategy like that for averaging down the dollar costs and use that volatility for makes lots of profit and avoid the loss by averaging down is not possible in forex, it's more like a gamble, than, i also saw that in forex the minimum amount of money that u could invest is 100$, so, starting a position with 100$ and maybe averaging down x4/x5 times could be stressful... can you give me some advice about that strategy?? do you think that it could work also in forex market?? could i use leverage while averaging down?

[sarahtarczon]

Yeah, really good result for you, it's about 0.9 Bitcoin profit (nearly 6k$ for 6 months). So 1k$ profit for each month, it's really suprising me. Good job man. Can you share your experience for us?

[berluscoin]

BTC = 0.09376173 (-0.00234993; -2.44%)

Today's trades:
BCC 13960000

It's been a very bad day to trade altcoins, most of them lost more than 15%.
Considering this, I'm happy of my -2.44% after all.
Today I only have BCC. I want to check first if bitcoin's race is taking a breath or it is going straight to $8,000.

[P2Pfinder]

BTC = 0.09376173 (-0.00234993; -2.44%)

Today's trades:
BCC 13960000

It's been a very bad day to trade altcoins, most of them lost more than 15%.
Considering this, I'm happy of my -2.44% after all.
Today I only have BCC. I want to check first if bitcoin's race is taking a breath or it is going straight to $8,000.

If price goes down, open short position 

Follow trend !

[BlockGemini]

Stick to BITCOIN!

That BCH chart is outrageous.

[kbneo]

May i know what strategy you use to determine your trades? Do you have stop loss and take profits level?

[lion99]

What are you doing when BTC go up and altercoins all goes down? Just w8ing or sell and buy lower or just sell?

[tangbori]

Goodluck to you but be very careful with the coins you invest.

[Sone11]

Forget about forex. Telling you like person who spend more than 2 000$. Read in the internet how they work and how they cheat.

I agree.. with bots nowadays. In crypto as well I noticed in some exchanges.. so you can avoid it and do it with other decentralized ones.. Im not that sure if those are bot protected.

I'm following this thread to know the outcome of the project. Goodluck

[puertocasino]

I'm going to start a trading journal. My goal is to reach 1 BTC starting from 0.1 (a bit less), trading altcoins with a short-term outlook.
I'm a professional trader and, even if cryptocurrency is a new world to me, I have decided to dedicate 6 months to test this market with a small amount.
If I succeed, I will include cryptocurrency in my investment portfolio and I will publish my strategy.

Today's trades:
DNT 632
DGB 139
XRP 3000
GRS 8976

Good luck  

PS: I also have a small investment in Bitcoin and Ethereum, but I won't count it in.

PPS: I'm not sure if I'm doing something wrong to publish the picture or I just can't because of my rank.

Hello. This is a very good idea to show some of us who are new to the crypto world, that such things can be done. Might I ask you a few questions?

How much experience do you have in trading cryptocurrency?
What platform are you using for trades?
Any advice for someone like myself that wishes to learn how to simply make a trade?

I have made a few demo accounts with trading sites, and the one I have been using to get the hang of it is testnet.bitmex.

Thanks and good luck!

How much experience do you have in trading cryptocurrency? Zero   I have started a couple of months ago just to study the market. I came to the conclusion that technical analysis is not that helpful like in other markets, so I'm trading with an algorithm that I use for indices.

What platform are you using for trades? Bittrex

Any advice for someone like myself that wishes to learn how to simply make a trade? I think that trading with cryptocurrencies is harder than trading with stocks or currencies. If you are not familiar with any kind of trading, I would suggest to avoid day trading and try the classic "buy and hold", focusing on a longer time horizon.

Also, I would suggest to listen to anyone's strategy but then apply yours


Having said that:

BTC = 0.09541923 (+0.00216074; +2.32%)

Today's trades:
DGB 128
XLM 473
GRS 8100
ADA 400

Good luck!

I wish you luck in your daily trading, I hope you achieve your goals, since it is not so easy with a bitcoin going up to make coins rise in satoshis.

[layoutph]

I dont think its good to trade bcc now it will dump more soon. Please refer to its previous DAY chart. How about trading in LSK or ZEC. Lisk has a very strong community and active projects. I heard Google is planning to have a partnership with this coin. Look what happened to XRP after Google partnered with them?

BTC = 0.09376173 (-0.00234993; -2.44%)

Today's trades:
BCC 13960000

It's been a very bad day to trade altcoins, most of them lost more than 15%.
Considering this, I'm happy of my -2.44% after all.
Today I only have BCC. I want to check first if bitcoin's race is taking a breath or it is going straight to $8,000.