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Author Topic: Would you recommend this method to earn?  (Read 902 times)
okala
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May 03, 2018, 07:29:09 PM
 #81

Yes I consider this to be a good way to earn good profits from cryptocurrencies market. Many people has vary strategy in trading but you have to used idea that will work for you. I have seeing how little trading ideas are making money for traders.
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May 05, 2018, 12:18:40 PM
 #82

I presently use an exchange service, that has option to hold in Fiat money as well, such as USD

would this method work.

1. put some money into a crypto. e.g. ETHEREAL

2. wait for it to all go up, the rates to go up
3. withdraw all or just the gained earnings and put into Fiat account as holding
4. wait for Ethereum etc to go down again, to fall
5. reinvest and put in from Fiat account again,
6. wait for Cryptos to go back to green again.
7 repeat cycle


would you consider this as a decent way to make earnings in crypto?

Yes! This is the basic idea of trading you buy low and you sell high. Many newbie has this kind of perception that trading is an easy task. But when they already engage in actual trading they discover that buying at low price is hard to determine as well as selling at high price. It seems that you are new at trading; my advice to you is to have time to study the mechanics of trading in order to minimize the possible losses.

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May 05, 2018, 02:43:12 PM
 #83

Well this is the basic method in trading, buy low sell high, but it is not that easy, everyone is not a trading god that can predict dump and the pump. that's why we study so that we can analyze the market.
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May 05, 2018, 03:31:49 PM
 #84

I presently use an exchange service, that has option to hold in Fiat money as well, such as USD

would this method work.

1. put some money into a crypto. e.g. ETHEREAL

2. wait for it to all go up, the rates to go up
3. withdraw all or just the gained earnings and put into Fiat account as holding
4. wait for Ethereum etc to go down again, to fall
5. reinvest and put in from Fiat account again,
6. wait for Cryptos to go back to green again.
7 repeat cycle


would you consider this as a decent way to make earnings in crypto?
nowaday, almost people often use amount of money to buy some altcoins and wait until it's price increases to sell. however, there are many way to make a profit from crypto, specially that's taking part in the signature campaign. this's the  safest way and the profit you can get from it also not small.





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May 05, 2018, 03:42:32 PM
 #85

That's the way of trading actually. But, with this, you should know that sometimes you will regret for a decision. For example, last year, I bought a lot of Dogecoin for 34 satoshi, sold at 50 and again bought at 45 and sold at 60. I made almost $500 within couple of days. But after selling at 60, I was waiting for dip, but failed and I had to bought at 90 satoshi. After all, I was in loss. No one can tell the time to buy or sell.

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May 06, 2018, 03:36:40 PM
 #86

I won't recommend you to start with a real cash. You can paper trade this idea , including the trasaction fees of buying and selling. In theory it sound good and profitable but in practice it might lead to loss. And waiting for the crypto price,i.e Ether to fall is where the problem lies. What if Ether keep going up and it never fall for you to buy again?

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May 06, 2018, 03:39:24 PM
 #87

This is a classic and basic method. It may seem simple, but it's not. You hav to be very attentive to the up and down of the coin you're interested in. Don't forget that you have fees each time you make a withdraw.

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May 06, 2018, 03:59:13 PM
Last edit: May 07, 2018, 06:49:22 PM by cmacwiz
 #88

I presently use an exchange service, that has option to hold in Fiat money as well, such as USD

would this method work.

1. put some money into a crypto. e.g. ETHEREAL

2. wait for it to all go up, the rates to go up
3. withdraw all or just the gained earnings and put into Fiat account as holding
4. wait for Ethereum etc to go down again, to fall
5. reinvest and put in from Fiat account again,
6. wait for Cryptos to go back to green again.
7 repeat cycle


would you consider this as a decent way to make earnings in crypto?
This is a good method and I have seen a few friends of mine to do this and earn a few dollars, but you should also keep in mind about the taxes you pay in every transaction and also this method would take a very long time as bank deposits take a long time and if you are trading overseas then it will take at least 3 to 5 days. So that's so much time consuming and this world changes pretty fast and so do the bitcoin price and if bitcoin goes into a pump phase and you would be having cash in bank and you loose that opportunity them it will be pretty bad for you to loose a potential profit.
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May 06, 2018, 05:07:11 PM
 #89

I presently use an exchange service, that has option to hold in Fiat money as well, such as USD

would this method work.

1. put some money into a crypto. e.g. ETHEREAL

2. wait for it to all go up, the rates to go up
3. withdraw all or just the gained earnings and put into Fiat account as holding
4. wait for Ethereum etc to go down again, to fall
5. reinvest and put in from Fiat account again,
6. wait for Cryptos to go back to green again.
7 repeat cycle


would you consider this as a decent way to make earnings in crypto?

Yes! This is the basic idea of trading you buy low and you sell high. Many newbie has this kind of perception that trading is an easy task. But when they already engage in actual trading they discover that buying at low price is hard to determine as well as selling at high price. It seems that you are new at trading; my advice to you is to have time to study the mechanics of trading in order to minimize the possible losses.
Good point, fundamentals are really in need in order to gain profits, not just because you see that the value of such coin drops you will support it right away, what is good from your example OP you use ETH and I'm sure that timing is what you need when investing with this type of a project, the value will rise high then fell a little then it will rise back again, so for this strategy it will work but you needed to have a little bit of patience as the market is really volatile and always set your goals.
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May 08, 2018, 05:04:41 AM
 #90

I think all traders use this way because this is the basic way of trading but the time and price that differentiates us when selling or buying And I suggest to not focus on one crypto because there is a saying about "don’t put your eggs in one basket"

Yeah that is right. One shouldn’t be putting everything in one source of money because you can’t just blindly trust anything that could also be the source of your destruction. Bitcoins are amazing and no doubt in it. People from entire world are continuously entering this world and making them their only source of income. But we must think the odds as well and must be considering them before start using.
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May 10, 2018, 06:06:20 AM
 #91

I think all traders use this way because this is the basic way of trading but the time and price that differentiates us when selling or buying And I suggest to not focus on one crypto because there is a saying about "don’t put your eggs in one basket"

Yeah that is right. One shouldn’t be putting everything in one source of money because you can’t just blindly trust anything that could also be the source of your destruction. Bitcoins are amazing and no doubt in it. People from entire world are continuously entering this world and making them their only source of income. But we must think the odds as well and must be considering them before start using.

besides that, if we can put our money in many coins, we have a big chance to make a big profit because, from many coins that we have, those coins can be increased in any time so we can sell one by one of our coins to take profit. by spreading our money, it means we search many opportunities in out there and we can expect to get a big return in the future. I think there are many coins that we can buy and hold until the price can increase and don't stick for just one coin only if we want to make a big profit.

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June 02, 2018, 09:28:17 AM
 #92

that is my trick for Cryptocurrency trading, and maybe it's all the same like this.

but I do not know when it will go down and up the Altcoins. who is happy is when to go up and immediately sell for profit, his pain when stuck when you buy Altcoins and have to wait long to experience a profit.
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June 02, 2018, 11:18:20 AM
 #93

This is a good trading strategy, the main purpose of investment is to make money!

The investment of cryptocurrency is very risky. It is a basic trading principle to sell high and buy low, but the market is hard to predict!

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June 02, 2018, 05:41:39 PM
 #94

that is my trick for Cryptocurrency trading, and maybe it's all the same like this.

but I do not know when it will go down and up the Altcoins. who is happy is when to go up and immediately sell for profit, his pain when stuck when you buy Altcoins and have to wait long to experience a profit.
generally, to predict when it will go up or your altcoin will fall very hard or even almost impossible. In any case, you need to constantly be in action and analyze the market every day.
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June 02, 2018, 06:04:19 PM
 #95

Why would you transfer your money to fiat account and be charged with many fees, when you can use USDT, now there is same with euros I think, I don`t remember the shortcut for that coin that represent real value of euro, like usdt is always the same value as dollar.
This threading method is nothing new, shortage I think. You can do that if you can predict tops and bottoms, but who can do that this days? Just few people, other always end up with cutting loses and lose what they had.
I don`t recommend this trading method to newbies, this is for people who have funds for buying and selling, people with experience in trading, and people with time to follow all day changes on the market.



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Rainbot
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spadormie
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June 02, 2018, 06:12:11 PM
 #96

I presently use an exchange service, that has option to hold in Fiat money as well, such as USD

would this method work.

1. put some money into a crypto. e.g. ETHEREAL

2. wait for it to all go up, the rates to go up
3. withdraw all or just the gained earnings and put into Fiat account as holding
4. wait for Ethereum etc to go down again, to fall
5. reinvest and put in from Fiat account again,
6. wait for Cryptos to go back to green again.
7 repeat cycle


would you consider this as a decent way to make earnings in crypto?
Not much of a method though. It's the simplest way of earning money in stocks also in cryptocurrencies. I don't know what's the point in this post though. One tip, join some signal trades.




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Joemzz31
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June 23, 2018, 08:56:23 PM
 #97

I think the method to do is invest in the best investing companies and hold your securities invested for a longer period of time in order to obtained a huge amount of income in future.
kent47400
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July 30, 2018, 03:32:19 AM
 #98


1. put some money into a crypto. e.g. ETHEREAL


Ethereal is what Altcoins?
You mean it's Ethereum, right?

You will not know when the coin will go down and the coins you buy will go up.
But the rest of it is great to be a reference in trading in the world of cryptocurrency.
BallinRegard
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July 30, 2018, 03:44:38 AM
 #99

Theoretically the method will work but "up" and "down" is subject. There are things called bull traps and bear traps that will destroy this and make  you make wrong decisions. I believe you need to have a predetermined entry and exit point for each trade and not be sold down the stream by the market.
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July 30, 2018, 04:01:04 AM
 #100

yes, it's a simple thought that can make huge profits, but it's very difficult to do that, because there's always a problem when you try to try. every business has a risk. I've done that before, and of course I can not bear to sell it, and panic when I see a low price.
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