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Question: Which Crypto Investment Option is Best?
Investing in Lending Plateform - 6 (3.9%)
Trading alt coins - 78 (50.3%)
Investing ICO - 24 (15.5%)
Mining - 11 (7.1%)
Holding - 36 (23.2%)
Total Voters: 155

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Author Topic: Can I make passive daily income with trading?  (Read 3112 times)
AnnaJames12
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August 04, 2018, 08:45:32 AM
 #381

Actually, it is possible to have a passive income stream based on crypto. Maybe by using some idle money, investing in mining, I think that is one way.
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BoisclaiR
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August 04, 2018, 11:03:55 AM
 #382

You can make money in cryptocurrency based on your experience and your skill. The capital is very essential in making a sizeable income, notwithstanding, your skill play a vital role in the level of income you earn!
Skills can be develop with your experiences, you can earn passive profits even in a daily basis only if you fully understand the things that you needed to have while working with trading activity, there's some people who mastered the flow of trading so even in the down moments they can manage to earned
decent profits, if you really wanted to have this better to work out with gaining more knowledge and adopt changes that happen inside the market, you need to work it out from time to time.
Even If you have a good experience and skill in trading still I do not think that it is possible to get a fixed passive income from trading. Trading is unpredictable job and no one know in advance that what is going to happen in future. Therefore I do not think that it is possible to get a fixed income from trading on daily bases.
icecube45
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August 05, 2018, 06:00:37 PM
 #383

Yes you can get passive daily income by trading, this is very suitable but with a higher risk so you have to do it carefully. Crypto prices, especially altcoins, are very volatile and unpredictable, so they must be more observant and cautious in trading, but if successful they will definitely get a lot of profits. This will not be easy so you have to try more.
best ever
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August 06, 2018, 05:24:06 AM
 #384

You have to be active and actually understand what you are doing. If you just randomly buy a coin or trade btc you might aswell get 50 lottery tickets and have the same luck.

I also cannot understand how a trader can even think about being passive. Yes, you can have some passive income (from ICO, for instance). Meanwhile, it does not have any connection with a trading business.
Guideare
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August 07, 2018, 08:01:07 AM
 #385

Actually, it is possible to have a passive income stream based on crypto. Maybe by using some idle money, investing in mining, I think that is one way.

We cannot consider mining as trading, but mining is just an investment, where you put your money for buying the devices for mining. It is not trading, in trading we always do buying in low and then try to sell it in high price, but investment is something different where we invest our money for getting a regular profit from some source.
Gibsonlda
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August 07, 2018, 09:28:24 AM
 #386

Determining 2-3% of daily profits is the solution for novice traders like me, this works effectively according to what my friend told me last year.

all is also determined by the initial capital so you can see what percentage of the investment coins I set, I break the concentration of orders into 10 parts on different coins and that rarely makes me lose, the application of reliable daily profits is based on good personal analysis.
hector3115
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August 07, 2018, 03:09:50 PM
 #387

It sounds weird for me because trading is an active and intense process of mentally concentrating, so why it is possible to have a passive income while you're day trading I don't know, so the only way is to hold, which is called long trading process.

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cryptogideon19
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August 07, 2018, 03:39:23 PM
 #388

you canno't make a passive income with trading. Because Passive Daily income is not about trading is about Lending or Invest on Lending project or Buy a Hashpower. But daily income you can make it in Daily Income.
nororiek
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August 07, 2018, 03:57:28 PM
 #389

Passive income is when you do not do anything,but trading is not a passive income. I would advise you to first learn all to understand this and then draw a conclusion and start!
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August 11, 2018, 11:22:29 AM
 #390

Passive income is when you do not do anything,but trading is not a passive income. I would advise you to first learn all to understand this and then draw a conclusion and start!
I personally do not think that it is possible from trading to get a passive income, In fact we do not know about trading and cannot predict about it that either it will give us profit or lost. I think that it can only be possible from investment where you invest your money in a particular profit and can get a fixed profit from there.
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August 11, 2018, 12:10:38 PM
 #391

It sounds like a joke. Do you really think that having only $ 100 Shocked you can JUMP!!! to some kind of exchange and have a passive daily income? Huh
As a trader you can trade daily and with successful transactions have an income, but this is not a passive way of earning money.
You can buy good coins for a long term trade, but for this you need to buy coins for a much larger amount and yes it doesn't bring daily income.
Spend a little time and read about the crypto market, maybe you will have at least a little idea of ​​what we are doing here.

To get a profit regularly, every day, in my opinion is impossible. There are times when a coin will experience a decline in price and it lasts for several days (more than one day). At times like that, we certainly will not get profit. Thus, daily profit will not be found.

ghost14k
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August 11, 2018, 12:49:47 PM
 #392

Trading is a good source  of making money, so far you know what you are doing. Making daily income in day trading is possible and i have seen those who are doing it and succeeding. To be a day trader is not easy and it requires constant monitoring of the crypto market. Understanding technical analysis is important. This enables you to know when there will be a dip or a bounce But one thing that is sure is that day traders can't win everyday but it is possible to always be in profit if you have your rules and stick to it. Most importantly don't get greedy and over trade.
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August 11, 2018, 01:02:13 PM
 #393

It sounds like a joke. Do you really think that having only $ 100 Shocked you can JUMP!!! to some kind of exchange and have a passive daily income? Huh
As a trader you can trade daily and with successful transactions have an income, but this is not a passive way of earning money.
You can buy good coins for a long term trade, but for this you need to buy coins for a much larger amount and yes it doesn't bring daily income.
Spend a little time and read about the crypto market, maybe you will have at least a little idea of ​​what we are doing here.

To get a profit regularly, every day, in my opinion is impossible. There are times when a coin will experience a decline in price and it lasts for several days (more than one day). At times like that, we certainly will not get profit. Thus, daily profit will not be found.
Not unless there's an insider or a big whales that will guide you and inform you each time that they will play with the market, daily earnings out from trading is really a hard job though still some possibilities and there's people who can manage to master the market and keep gaining even in the bloody market, they are good with buying low and selling when they already gained.

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August 11, 2018, 04:02:14 PM
 #394

Since you are looking for something passive, then holding is the only passive option in your list; everything else needs your active involvement. On the other hand, the highest rewards you can gain are from ICO investing. However, you need to be extra careful with your pick. Speaking of good projects, I've been eyeing one called MenloOne that's going to launch as a decentralized ICO listing marketplace where its CEO mentioned about having solved the various issues most investors fear in ICOs.  link to their site and Whitepaper: https://www.menlo.one/
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August 15, 2018, 04:44:42 PM
 #395

Do you really think that having only $ 100  you can have a passive daily income? Of course, you can have some minimum income, but it's a trifle.
You can do daily trading, then you will have a chance to increase your coins and earn accordingly. But this method does not suit you, because you want to receive a passive income.
You can buy good coins for a long term trade but  it doesn't bring daily income.
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August 16, 2018, 08:20:29 PM
 #396

Yes of course, we can make passive daily income with trading industry because they are doing fine and goods in this fields of business and I can’t see anything threats to not to happen this.
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August 19, 2018, 07:30:30 PM
 #397

Yes of course, we can make passive daily income with trading because they are still profitable to the investors in these kinds of business and industry at the same time they are doing good.
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August 23, 2018, 02:45:52 PM
 #398

In my opinion most traders in cyrptocurrency tend to be long-term trading, they may have some short-term traders, but for me long-term traders are far more appropriate in this short situation. So with trade you have to be really involved to use it. Passive advantage.
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August 23, 2018, 03:12:27 PM
 #399

Actually it is really very difficult to to earn through trading on cryptocurrencies market day by day. I think that any successful trader will not give you any free advice to you. But you can learn knowledges about trading by yourself. Of course it takes more time, but it is really work. First of all you should start from learning theory, technical analysis through indicators, Elliot's waves and etc. Learn always when you have free time. Do not believe anyone, there are no authoritative opinions in this market. Learn, to rely only on yourself, on your experience and you will get success.
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August 23, 2018, 03:21:11 PM
 #400

Interesting results,  almost every 2nd person believes trading is the way to go. I. was quite surprised as I don't have a good track record in trading and hear from a lot of other people that they find it equally challenging and hard to make money.  Loosing it seems easier

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