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Author Topic: A better way to invest in cryptocurrency.  (Read 1802 times)
perla
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February 02, 2019, 11:57:39 PM
 #101

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!
But if you do another job, you won't be able to focus on the crypto market. we will only succeed when we focus on a single job.
instead of having to do other jobs, we can trade everyday to get some money. I think that is the best way to be successful in the crypto market.
doing trading only will be a difficult for all of the traders to get their profit then how can they manage their secondary job also in the meantime but considering trading as a main job is very difficult for anyone in trading we need some other way of income not and secondary job.

Yes trading can be consider as a sideline job because not all times the market is in good condition . stable jobs that pays in fiat are more guarantee because they provide sucessive income for a longer time  . many want to apply for a job offline but the problem is that applying a real job is also hard than most people think . 
We know especially in condition market like this, many traders already tired to trade and hold their assets. If we leave our primary job and this thing keep happen, we wouldn't have any way to make big profit. So fixed salary is best for my opinion.

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February 03, 2019, 12:14:34 AM
 #102

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!


Those people who's did you mean really had bad decision to their life because they switched their stable job for this crypto that does not have assurance when will be last. I also have job, but i never think to quit because i can actually performed it both. Time management is very important, don't just focus in one thing.

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February 03, 2019, 12:17:40 AM
 #103

I think now is a good way and also the right time to invest in Krypto, because seeing the price of krypto is still not expensive. so you can do it now.
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February 03, 2019, 12:23:47 AM
 #104

if I think you have a lot of capital I suggest you can invest in krypto now, because for us the benefits can also help your family's economic needs. because the price of krypto is still relatively cheap now.

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February 03, 2019, 03:48:40 AM
 #105

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!
That is a good idea. It is for people who don't have much money and need to work harder to earn more bitcoins.
I was one of them. I am currently a university student and I have no capital. I need to work quickly and buy lots of ETH at this price below $ 150. This is my chance to get rich in the future.

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February 03, 2019, 05:49:09 AM
 #106

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!


I don't like the idea that they should continue to invest every month because they can just hold their remaining tokens during this winter market. And we aren't still sure that the bulls are coming back in a few years because it can also be extended up to 5 years and so on.
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February 03, 2019, 01:22:11 PM
 #107

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!
But if you do another job, you won't be able to focus on the crypto market. we will only succeed when we focus on a single job.
instead of having to do other jobs, we can trade everyday to get some money. I think that is the best way to be successful in the crypto market.
doing trading only will be a difficult for all of the traders to get their profit then how can they manage their secondary job also in the meantime but considering trading as a main job is very difficult for anyone in trading we need some other way of income not and secondary job.

Trading is a part time business and it should not be considered as a job in any way. Secondly due to bear market situations we never know how much profit can we make and al times there are no profits for many weeks. So if you have a job or other business you should not quit it for bitcoin trading. Trading can be done easily in part time as it does not require much time.
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February 03, 2019, 01:43:05 PM
 #108

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!


I don't like the idea that they should continue to invest every month because they can just hold their remaining tokens during this winter market. And we aren't still sure that the bulls are coming back in a few years because it can also be extended up to 5 years and so on.
That's right because a good investment is in the long run so getting a big profit is easy, because if we invest every month it's not good because we don't know the coins invested will increase or decrease

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February 03, 2019, 01:59:44 PM
 #109

I have said it and I will always say it, at this moment it is better to trade with bitcoin, because altcoin depends directly or indirectly on bitcoin, of course, there are many altcoin that increase every day to + 40, + 30%, that happens because there are groups pumping and unloading, because if you put them to see those coins have no structure.

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February 03, 2019, 02:46:46 PM
 #110

if I think you have a lot of capital I suggest you can invest in krypto now, because for us the benefits can also help your family's economic needs. because the price of krypto is still relatively cheap now.
I am one of the people who agrees with your idea, in my opinion, actually now is a good opportunity to buy bitcoin because the price is already below, if you want to invest in altcoin, the price is good to buy and you can choose only 10 top in the coinmarketcap
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February 03, 2019, 03:24:12 PM
 #111

I have said it and I will always say it, at this moment it is better to trade with bitcoin, because altcoin depends directly or indirectly on bitcoin, of course, there are many altcoin that increase every day to + 40, + 30%, that happens because there are groups pumping and unloading, because if you put them to see those coins have no structure.
You do think trading is an easy thing to do just by telling these people to trade Bitcoin because of this and that. At this time I don't think trading is profitable either especially if you see the market falling almost every other week. Accumulate then hold is the best choice when the market is not too profitable because of the bearish market.

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February 03, 2019, 04:31:59 PM
 #112

I have said it and I will always say it, at this moment it is better to trade with bitcoin, because altcoin depends directly or indirectly on bitcoin, of course, there are many altcoin that increase every day to + 40, + 30%, that happens because there are groups pumping and unloading, because if you put them to see those coins have no structure.
There are some altcoins that you can trade and get returned far more than bitcoin.  If you invest in bitcoin and your investments double, you can invest the fund in other coins and you may get 1000%. I hardly trade bitcoin because of the return on my investments but I trade bitcoin very well.
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February 03, 2019, 06:17:24 PM
 #113

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!

You have a big point on this things mate, especially if you are a beginner in crypto world you should take this as one of your part time job.
Never try to spend all of your money here instantly, even you know a lot here. Because there is no stable income here monthly. Just like what the situation now was we are in bear market where most of the coins are dump in terms of its value. Where the only we can do for now is day trade if you are capable to do it with knowledge requirements for us not to loss our coins easily.
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February 03, 2019, 07:48:59 PM
 #114

yes I agree with you, if we do that we don't have to work very hard to get money when this very bad market situation. because we already have income from our salary that we set aside
This is fact crypto currency is a good way to make money and to use as job even if you are jobless you can use it for making income and to feed your family well, for crypto earners its golden chance as price is not so high but it will be high very soon, just make a goal and focus on it I am surely it will give you good result, if you are not an investor try to save money from your daily earning to invest in future.
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May 07, 2019, 04:29:05 AM
 #115

Your friend had a misconception about day trading. It is not a good decision to exchange your career in some unsure income like trading. You can not treat it as your full time job unless you are very much expert and can dance the volatility of the market. Make it as your part time aside from trading. Stable income+additional income= good profits.
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May 07, 2019, 06:17:08 AM
 #116

In the bear market, it is very difficult to gain profits, so it has been very hard to survive for most of the traders except a few lucky ones. So, it would be better if you take a fixed job and do crypto trading in your spare time.

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May 07, 2019, 06:47:05 AM
 #117

In the bear market, it is very difficult to gain profits, so it has been very hard to survive for most of the traders except a few lucky ones. So, it would be better if you take a fixed job and do crypto trading in your spare time.
  I think having enough knowledge and experiences is the best way to invest crypto, therefore we can choose on which of the coins are viable to be keep and hold for long term investment as the market has carrying high volatilization. And traders must be aware tge possible consequences for every dliberation has made to gain profits.
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May 07, 2019, 06:54:26 AM
 #118

It is possible to trade in bear or bull market you just need to adopt your strategy to the market.

For me it is easier to trade and spot good entry point in bear market. If you made a mistake in the end bull market it will cost you so much more than a mistake in bear market.

Be patient and always follow your strategy not a strategy of someone else who is selling a signals. If someone is selling a signals be sure those signals are not good enough. If they were there will be no point in selling them.
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May 07, 2019, 01:30:38 PM
 #119

In the bear market, it is very difficult to gain profits, so it has been very hard to survive for most of the traders except a few lucky ones. So, it would be better if you take a fixed job and do crypto trading in your spare time.
  I think having enough knowledge and experiences is the best way to invest crypto, therefore we can choose on which of the coins are viable to be keep and hold for long term investment as the market has carrying high volatilization. And traders must be aware tge possible consequences for every dliberation has made to gain profits.
Exactly! It takes preparation, the willingness to learn and proper education on how to invest in cryptocurrency. It's best to learn before you invest. Investment is not for weak-hearted. Embrace the reality and be aware that if you are getting into the crypto world, it's best to be prepared for a roller-coaster ride because it is wildly volatile. Be open to challenges and learn from every mistake. Open your vision to learn more. Always remember the basic rule which is never invest more than what you can afford to lose. Profit is not served on a silver platter, it takes time, hardwork, discipline, and knowledge inorder to gain it.


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May 07, 2019, 08:47:44 PM
 #120

just trading now is still difficult for us to get profits, because the current market conditions have not changed. so what we have to do is to be able to get that big profit by holding it until the market experiences major changes

Trading is always difficult, and the possibilities of losing is similar in the bearish and bullish markets. Trading is an art which is learnt, to be sure it's still a gamble and everyone loses at a point, with more experience one would profit more times than not, in any market.
I see this difficulty in trading as the main reason why we should continue practicing to master the act of trading in order to cut our loses when the bull run comes. If we become less active because the market is bad, then we are likely not to improve our trading skills.

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