Is there anyone here consistently trading cryptos successfully?

[Fatunad]

If you're successful at trading cryptos even in this bear / ranging market, awsome, i want to know you

cheers

Ranging market would be good for scalpers or day traders but still not an assurance thing for them to make money consistently and these word alone wont really be suit out on crypto market.

In the end, they were all wrong. Since then, I no longer read any analysts, and make my own predictions. I also believe that in this market there are no people who know exactly what will happen with cryptocurrency

Ive heard enough too wayback before and everytime i do see some good analysis i do simply read it but wont really make a tool that would be applied on decision making.
Making our own would be more ideal yet you would gain your own experience without relying others views.

[1714071067]

1714071067

[spiker777]

This is not the best place to discuss trading strategies or even look for advice. The vast majority of users on this forum surprisingly have little to no knowledge about cryptocurrency, so you're just shouting into the abyss. You might want to try reaching out on a traditional trading forum, as it is quite common now for traders to trade both markets.

[wayaneka]

its difficult to make monthly profit in consistent from crypto trading because price action of crypto followed Bitcoin, when Bitcoin going up or down so altcoin also will follow it, in up trend we can make profit but in down trend is very difficult to earn some profit. In my opinion to get monthly consistently profit we should also trade on others asset, like in stocks market or forex market.

[Minhxx]

I am the new e-currency transaction lately and I have own rules in This. I am always interested in information about these coins so that I get rid of the capital also dare to go substantially

[bering]

Nobody can made consistently get profit in trading but following the market movement i think most successfully traders achievement came from last year that when the market gradually high that i'm sure most people can able to get 100% profit or more from last year but in this year i think some of us has been failed to continue our achievement because although we expect to see bitcoin price high again but seem this is almost impossible

[ocid]

its difficult to make monthly profit in consistent from crypto trading because price action of crypto followed Bitcoin, when Bitcoin going up or down so altcoin also will follow it, in up trend we can make profit but in down trend is very difficult to earn some profit. In my opinion to get monthly consistently profit we should also trade on others asset, like in stocks market or forex market.

to get a consistent profit every month in cryptocurrency trading is quite difficult to obtain, because crypto price movements cannot be accurately predicted so that prices can easily change so quickly. but for some people there may be those who succeed in targeting their monthly profits from cryptocurrency trading but that certainly requires strong expertise and focus on trade in this field

[d1ceplayer]

The question may be naive, but truth is that i highly doubt we can find an active trader here with audited tax returns or trading records who can prove he consistently beated the S&P actively trading cryptos over the past years. Please, prove me wrong if you can

I guess most lose their shirt, a few survive. This market seems to offers very bad risk rewards / low probability ratios, only making the brokers richer

Note i'm not talking about buy and hold during a major bull run like last year or that one guy who turned 1000$ into a million over a one shot x1000 leveraged trade, or pump and dump scams etc, i'm talking about real active swing / day trading

Even top shot traders at prop trading desks in major banks to not beat the S&P. Their audited returns show between 8 to 20% annualized which is quite miserable when you know you can bank 100% in 1 or 2 years with leveraged real estate

As far as i understand, the crypto market works exactly like the FX and binary options, which is a super scammy industry designed to defraud retail traders.
Major crypto brokers are not even licensed neither audited and very likely highly manipulate the markets to crush the retail traders; wash trading, stop loss hunting, etc, you name it. Binary options and fx trading are banned in many countries for quite obvious reasons. Everything is designed to make you lose. Traders have less chances to win at this game than when playing the roulette.

This year has been a sideway market, which makes it very hard for traders to make money, but is very good for brokers as traders try to make money from frequent, smaller highly volatile market movements. Many must have lost their shirt
Just looking at bitcoin charts i can see so many obvious signs of market manipulations, stop loss hunting, bart simpsons patterns / pump and dumps. This market is totally rotten to the bone and artificially pumped by brokers, the biggest scammers, as they hold (and move) most of the liquidity in this new unregulated market. Guess why coinbase doesn't want to be audited?


If you're successful at trading cryptos even in this bear / ranging market, awsome, i want to know you

cheers

Beating S&P shouldn't be that hard tbh. That's not too much per year, how much is it less than %10 or so? I think that must be possible for the past 8 years or so if you have been trading carefully. Yeah if you look at just one year maybe SP already passed you this year because 2018 was a bad year for crytpo however if you look at the past 5 years or so a trader can pass SnP easily considering that's really really low bar to go over. I think making sure you are always trading and always on the move to the next trade is the key part here, if you keep holding for too long that means you are dead in crypto market.

[yndye]

to get a consistent profit every month in cryptocurrency trading is quite difficult to obtain, because crypto price movements cannot be accurately predicted so that prices can easily change so quickly. but for some people there may be those who succeed in targeting their monthly profits from cryptocurrency trading but that certainly requires strong expertise and focus on trade in this field

If one is successful in his trading journey and earning big amount of money then I don't he will comment in here because of the risk that he will become a target to the hackers. Some are so buy in their trading analysis that they can't even visit some other sites or forums for that matter. However, we should not forget that those who are successful are once upon a time noobs and because they persevere, they were at their position right now.

[Huskarls]

trading currently requires tricks and big capital if you want to profit, because with an uncertain market fluctuations like now, it will be very difficult to get profit consistently, and can't just rely on technical analysis meanwhile the fundamental is also have great impact right now

[ShowOff]

I will answer for title, No.  even me sometime loss, stuck in a coin/token. Sometime cut loss, and i think what if my profit is actually my loss and i never get profit in real. Well, but it wouldn't make us tired to trade.

[Rembedful]

its difficult to make monthly profit in consistent from crypto trading because price action of crypto followed Bitcoin, when Bitcoin going up or down so altcoin also will follow it, in up trend we can make profit but in down trend is very difficult to earn some profit. In my opinion to get monthly consistently profit we should also trade on others asset, like in stocks market or forex market.

I don’t think that there would anyone who earns money consistently because the price is not growing regularly. There are fluctuations, corrections and volatility in the price. One day it will go up and the very next day it will drop again. So it is not possible for anyone to make money consistently without losing his money. In trading you must keep losing in mind.

I am the new e-currency transaction lately and I have own rules in This. I am always interested in information about these coins so that I get rid of the capital also dare to go substantially

Your answer is not relevant and not according to the topic. Please write on the topic only and don’t write here and there. Anyway I want to say that there is no business in the world which can give you consistent profit. The situations of the market changes due to the trend, purchasing power and interest of the people. If the market is good you can make money otherwise you will make nothing.