Is it worth for me in my situation to start btc trading?

[o48o]

Hello

I have spare $300 that my friend suggested to use to start cryptotrading, as this is the maximum amount of money affordable to lose. I have a month of free time to trade with btc. Currently I don't have income and I have three ways to set it: cryptotrading, freelancing as programmer, or full-time job. I chose to expirement and try luck with trading and freelancing, if there is no success with any for september, I will choose full-time job. If I can make about $500 per month with all of these methods or some of them, I can forget about job for a while, which is highly preferrable.

So my questions are:

• Can I learn and do trading for month to make at least some money(around $100-$250), while doing freelance programming? I can arrange 3-5 hours for each activity per day.
• Should I start trading on OTC exchange or regular exchange? I tried bisq to sell btc, but it seems like there you can do it with rather huge amounts of money I can't afford to make offer with. This is because of security deposit of 50% of trade amount. Maximum offer amount I can make is 150$ whereas there are more offers which range $100-$1000. They also seem more profitable for btc buyers due to less interest, than that I chose. After scrolling thorugh bitcointalk, my only options left for OTC are localbitcoins and paxful. And I don't really like any of these because of shitty customer support on both. Moreover LBC nowadays has attitude to KYC everyone, I don't like it because I would keep my personal information than send it to someone

Answering to your first question, everything is possible but don't set your expectations so high. I am assuming that you don't have a background in trading, otherwise you wouldn't ask if you can do it. So there's a learning curve with technical analysis and dealing with emotions. And that learning never stops.

And to second question:
After you have bought bitcoin from somewhere with fiat money, with amounts like that it will be easy to find exchanges and start trading btc without a kyc. And you should definitely go with those. It's cheaper and less time consuming. With binance there's a decent daily withdraw limit without any real kyc.

And then you need to decide your strategy. Playing with leverage, low cap shitcoins, swingtrading, or high frequency trading.
What ever you decide, just know that it will be time consuming. This is a 24/4 space with constant newsfeed, this can literally take more time than most jobs.

[d3nz]

Actually, it will depend on how much you will spend to invest and depending on the market if it will go up or down.

$300 is good and you can buy altcoins that have a small price of satoshi and if it will increase then you gain by it but depends on the value and you will just need to wait for BTC to gain its price. But if you have a target value of profit every day or month then you will need to analyze the market and focus on it and in your case, it's not possible since you have other work to do.

[doomistake]

If I were him and I have $300, I will buy bitcoin first, then eth, bnb, atom, grin, and some other low coins price. I think that is enough to get some amount of each coin and I can wait for another time. I don't just hold each coin, but I will sell the coin if somehow the coin can increase higher at least 10% from the price before so I will have the opportunity to buy back the coin in a low price. The bearish market now gives a chance to us to buy as many coins as we can, and that will depend on the money we have.

For the amount of $300 its somewhat hard to diversify into various number of alts in the market.I would rather focus directly or all put up into bitcoin or ETH with this case even just simply holding up you can earn various percentage profits depending on your entry point.Yes there were lots of coins in the market it will depend on the money we would able to risk out.We can start up trading if we do like but it is much wiser if we do trade up with small amounts and dont ever use up on to those capitals or money that you had been borrowed or simply your savings.

While you are doing this, you are also minimizing the profits you could earn compare if you will also check out other altcoins which are good to trade too, aside from bitcoin and ethereum. It is a double edge sword that could cut your profits or could be your weapon to maximize what you can earn. It is not that bad to apply this strategy, focusing on just two crytocurrency means you are staying on the safe side.

Furthermore, if you successfully mastered or understand how trading works using this two cryptocurrency you have mentioned, you're not going to have a hard time trading other altcoins.

[ethereumhunter]

Everyone has a critical issue when no further move can be taken. But thats the step which is appreciated to move to next level. Trading is a good platform to gain profits. I would advice you to learn the basics first. Take time in analyzing. Then move. Patience is the key to succeed.

We need learning in trading to make a profit, and there is many basics lesson of trading for new people or even for every trader who already knows to trade. As long as you have a will to learn, you will have the knowledge to trade so you can determine the right time to trade. It is hard for the first time, but if you still trying, you will have a chance to make a profit. Patience will be needed in trading as you will see the market will not always move to the price you want.

[Freddy11]

It’s always worth it if you are sensible with how you are operating. If you are not having common sense, it’s just not going to work for you. So our main priority needs to be around getting that thing right only. If we manage to do that it will for sure get us on the right side of things, which then will eventually lead to results that are fruitful for us. One simple formula is to track Crypto News, which is enough to get us to the right direction.

[xamxam]

300$ is a good start for you to do trading, and I believe that you can double it in one month mate.
But of course, while you're doing it, you should also do some self study about trading in this crypto business
because you're gonna need it here as an individual trader.

[jrrsparkles]

300$ is a good start for you to do trading, and I believe that you can double it in one month mate.
But of course, while you're doing it, you should also do some self study about trading in this crypto business
because you're gonna need it here as an individual trader.

100% profit in 30 days is not possible all the time,so don't get this kind of goals to be achieved especially when you start your trading career because you will end of with 100% loss.Keep the things low as much as possible,like 10-15% will be a good target and avoid intra day trading as well when you are in learning phase.

[Faxmate]

Nothing is impossible in making profit in trading. However, a trader shouldn't be expecting certainly for his trading profit and his activity since your activity depends on the market movement and your trading strategy at the same time. Sometimes they don't work as what you planned thus you have to imporivise which differs a professional traders to common traders.

That is the basic rule of progress in world of traders. To be rich, a trader is obliged to spend when the rates of crypto currencies are low and sell some of his owning when the prices sky rocket. Not only this, he must choose the coin to make investments in with care and wisdom. He must keep the past performance and future estimates by experts in his mind before choosing the coin and no one is better than bitcoin in this matter.

[Oilacris]

300$ is a good start for you to do trading, and I believe that you can double it in one month mate.
But of course, while you're doing it, you should also do some self study about trading in this crypto business
because you're gonna need it here as an individual trader.

100% profit in 30 days is not possible all the time,so don't get this kind of goals to be achieved especially when you start your trading career because you will end of with 100% loss.Keep the things low as much as possible,like 10-15% will be a good target and avoid intra day trading as well when you are in learning phase.

For start ups it isn't really bad to have those kind of goals but it should really be realistic because even experienced traders do still have the hard time to get those profits on monthly basis.

We shouldn't put up some unrealistic targets because it will just disrupt or distract our trading  which would highly result into result or messed up trades.
For op situation, trading is a good choice but don't expect for results to align with your expectations or positive results because it can go either ways.

[Taskford]

300$ is a good start for you to do trading, and I believe that you can double it in one month mate.
But of course, while you're doing it, you should also do some self study about trading in this crypto business
because you're gonna need it here as an individual trader.

100% profit in 30 days is not possible all the time,so don't get this kind of goals to be achieved especially when you start your trading career because you will end of with 100% loss.Keep the things low as much as possible,like 10-15% will be a good target and avoid intra day trading as well when you are in learning phase.

You will not get it if your mindset is always at long trade but if you do leverage trading and know how to stop loss and gain the profit then 100% for is quite reachable, I saw several traders earning that percentage and quietly they are still killing the market eventhough there's a dump happening right now. And for newbies they should learn the basics before going in or maybe they should seek a mentor that can help them for there trade ventures.

[Alexayer]

lol i have get it up 

[Murat]

Hello, You can do whatever you want, you have to be the mentor of yours and manager, your time and money only responsible for your deeds, So it's better to decide based on your context, not only the current context but also the future's perspective. So in my opinion, Bitcoin or crypto trading would not be the main earning source for us, it might be the secondary source of income, But before starting trading you must gather huge information regarding this issue, So you have to read a lot and take some experimental steps for trading purpose, I also want to say that crypto trading is not an easy task, it contains a high risk so you have to be very careful with trading, on the other hand, Crypto trading is also a profitable system so you if you can do it very properly then you have the opportunity to make some from here.

[jrrsparkles]

300$ is a good start for you to do trading, and I believe that you can double it in one month mate.
But of course, while you're doing it, you should also do some self study about trading in this crypto business
because you're gonna need it here as an individual trader.

100% profit in 30 days is not possible all the time,so don't get this kind of goals to be achieved especially when you start your trading career because you will end of with 100% loss.Keep the things low as much as possible,like 10-15% will be a good target and avoid intra day trading as well when you are in learning phase.

You will not get it if your mindset is always at long trade but if you do leverage trading and know how to stop loss and gain the profit then 100% for is quite reachable, I saw several traders earning that percentage and quietly they are still killing the market eventhough there's a dump happening right now. And for newbies they should learn the basics before going in or maybe they should seek a mentor that can help them for there trade ventures.

Its possible but not always and most likely impossible for a newbie or rookie trader,that is the reason I suggested what and how should be their goals when they begin with.

[shield132]

If you plan to be a freelancer, I highly believe you'll use platform of fiver where it's not so easy to gain attention from customers because competition is very high and in most cases people are looking for experienced freelancers and don't like experiments.
But on another hand if you are good web developer graphics designer and etc, you can try Envato's platform, I think it will be 100x more profitable for you than fiverr but also takes much more time and afford.
No one can tell you whether you'll profit from trading or not but just remember this: If you profit that's because someone loses.

[ReiMomo]

Yes, that right! In your situation, it is a very good time for you to earn big and starting trading with BTC. All you need to do is to learn what coins you'll need to invest with. You should look for a coin that has a good potential to increase. Also, you should search first the trading sites that are trusted by many people.

[Akoldi_ibk]

Just because you are starting with what you can afford to lose doesn't mean you should be reckless about this your new adventure. Take your time to walk yourself in and don't make hasten decisions. Get yourself a mentor or learn from expert in the field.
Glad you have other areas that can bring you back up income in case trading for the month didn't go well. Build yourself up gradually, enrich your knowledge base with good trading strategies and principles. Never expect overnight riches. All the best

[Hypnosis00]

Just because you are starting with what you can afford to lose doesn't mean you should be reckless about this your new adventure. Take your time to walk yourself in and don't make hasten decisions. Get yourself a mentor or learn from expert in the field.
Glad you have other areas that can bring you back up income in case trading for the month didn't go well. Build yourself up gradually, enrich your knowledge base with good trading strategies and principles. Never expect overnight riches. All the best

Once I came into trading, I'd never think of trading as a way to lose that keeps people saying only invest money that you could only afford to lose. I wasn't supposed to think that cause it only gives a negative impact on me. Trading is not just we put money just to throw away our money but in order to have some returns from our invested money. If trading could give much better profits then I have to choose this life  and gradually increase my capital to further increase also my profit gains.

[doomistake]

300$ is a good start for you to do trading, and I believe that you can double it in one month mate.
But of course, while you're doing it, you should also do some self study about trading in this crypto business
because you're gonna need it here as an individual trader.

100% profit in 30 days is not possible all the time,so don't get this kind of goals to be achieved especially when you start your trading career because you will end of with 100% loss.Keep the things low as much as possible,like 10-15% will be a good target and avoid intra day trading as well when you are in learning phase.

You will not get it if your mindset is always at long trade but if you do leverage trading and know how to stop loss and gain the profit then 100% for is quite reachable, I saw several traders earning that percentage and quietly they are still killing the market eventhough there's a dump happening right now. And for newbies they should learn the basics before going in or maybe they should seek a mentor that can help them for there trade ventures.

Its possible but not always and most likely impossible for a newbie or rookie trader,that is the reason I suggested what and how should be their goals when they begin with.

Very well said. Dreaming high is not bad, it is free, but we need actions to achieve that. Starting in Trading is the hardest thing for me, a lot of things are should be learn thoroughly to acquired knowledge that would help you to build your foundation. Motivation is also needed, that's what is going to make you move forward to achieve your dreams, even that 100% profits in 30 days, you could make that happen.

We just don't stop learning to be big enough, to earn big enough, and to make our dreams big enough in Trading.

[carlisle1]

Hello
.

So my questions are:

• Can I learn and do trading for month to make at least some money(around $100-$250), while doing freelance programming? I can arrange 3-5 hours for each activity per day.

you seems smarter so i think 1 month of training and studying is enough for you to learn,the problem is you are focusing for Bitcoin trading in which not advisable for daily income because Bitcoin is slow moving currency not like altcoins that can move 10-20% in a day(but can fall as well more tha hte percent of growth)

. Moreover LBC nowadays has attitude to KYC everyone, I don't like it because I would keep my personal information than send it to someone[/li]
[/list]

not unless you have another option nothing you can do but send KYC to start trading.

[jrrsparkles]

~~~~
Very well said. Dreaming high is not bad, it is free, but we need actions to achieve that. Starting in Trading is the hardest thing for me, a lot of things are should be learn thoroughly to acquired knowledge that would help you to build your foundation. Motivation is also needed, that's what is going to make you move forward to achieve your dreams, even that 100% profits in 30 days, you could make that happen.

We just don't stop learning to be big enough, to earn big enough, and to make our dreams big enough in Trading.

It also depends on what run we are in,if its bullish trend then even a trader without an strategy can make 100% profit by trading often (eve without doing anything more profits can be achieved),if it is sideways then perfect for anyone to start trading by learning FA and TA using simple and most common indicators.Bearish is the real challenge for anyone to be in profits and most will fail.