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

[error08]

I highly doubt that you'd be able to start trading with such a low amount of money.

The only way that I can foresee you getting somewhat of a decent return back in terms of dollar amount would be derivatives trading, and you'd be doing that on leverage. You could experiment with it, but it would essentially be almost like gambling for a beginner.

But with such low capital, OTC trading or LBC trading will be extremely difficult. I suggest that if you want to go down that route, save a bit more money irl first and then come back.

I completely disagree. He doesn't have to make thousands of dollars in profit just starting out to see if he's any good at it. That's gambling in itself. Let the man start out with a low amount of money, see how he does, and if he does good, keep building up that bankroll as he can or as he makes money from trades. If he doesn't end up doing well, then at least he didn't lose a whole lot.

He can make it imo, for someone with $300 trying to earn 33%-83% within a month. Let's see, he started this thread on August 29th, bitcoin price at that time was $9400-$9500, imagine if he bought bitcoin at that time and then it gradually increases to $10,600 as the peak at Sept. 3rd, that's already 33% profit in just 4 days if he made the right call at the right moment.
I would like to hear directly from OP how is it going?

[Murat]

If you have any planning for attempting trading with cryptocurrency then you must take the initiative as this right now, No matter what you have money for this purpose, the last couple of days are going down the price so you can avail Bitcoin at a low rate, trading is nothing but it requires a huge knowledge of related platform, not only that but also trading needs to be very watchful and attentive, If you are capable of making any prediction about the market then it will helpful for your trading purpose. So a low amount of capital is not a matter after all, But success will not come to your hand until you study very carefully and properly, In order to make a good trading, accurate information and proper knowledge are mandatory for trading.

[doomistake]

I highly doubt that you'd be able to start trading with such a low amount of money.

The only way that I can foresee you getting somewhat of a decent return back in terms of dollar amount would be derivatives trading, and you'd be doing that on leverage. You could experiment with it, but it would essentially be almost like gambling for a beginner.

But with such low capital, OTC trading or LBC trading will be extremely difficult. I suggest that if you want to go down that route, save a bit more money irl first and then come back.

I completely disagree. He doesn't have to make thousands of dollars in profit just starting out to see if he's any good at it. That's gambling in itself. Let the man start out with a low amount of money, see how he does, and if he does good, keep building up that bankroll as he can or as he makes money from trades. If he doesn't end up doing well, then at least he didn't lose a whole lot.

You two do have a point, however I am going to be neutral about this, having a small amount when starting trading is a very cautious way on not losing all the stakes OP have, however, that small amount of money would easily be dissolved in Trading saying that he is just a newbie, and losing a couple of hundred dollars will not determine if he is really good about it or what, so he will try to deposit again if he really is serious about trading (meaning he is going to spend bigger to last longer).

On the other side, trading is not about how big or small of the capital you are going to use in Trading, it is about how much money you are willing to make to realize if Trading is the real deal for you.

[virasisog]

$300 is not bad ,but as a beginner in trading ,do not expect that this is will go a long way it might but it also might not.
basically you must equipped yourself with all the knowledge ,strategies and you must also learn money management.

[SvonioneFromMangoCoinz]

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

$ 300 is a small capital so you can make a lot of money at trading. because the professional and good traders, they only have 1 day target of 1-2%.
and to get $ 500 per month, it will be a very difficult and risky thing. I think you should take a risk with Margin trading, which is a leveraged trading and helps you make as much money as possible in a short amount of time if you correctly predict the trend.
If you do not know about it, you can read it here: https://www.binance.vision/economics/what-is-margin-trading

[mascherono]

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

$ 300 is a small capital so you can make a lot of money at trading. because the professional and good traders, they only have 1 day target of 1-2%.
and to get $ 500 per month, it will be a very difficult and risky thing. I think you should take a risk with Margin trading, which is a leveraged trading and helps you make as much money as possible in a short amount of time if you correctly predict the trend.
If you do not know about it, you can read it here: https://www.binance.vision/economics/what-is-margin-trading

I'm a little bit confused. How the OP will make big profit just investing $300?

[darewaller]

I'm a little bit confused. How the OP will make big profit just investing $300?

If he is a good trader and he takes his chances of trading with leveraging, then there is chances that he could really make so much with that $300 that you see him talk about which is very risky because trading with margin requires skills because that $300 is something that could also go within seconds if the trader is not careful.

Except it is margin trade, I don't really see much way to make so much money with that $300 because the market is not in a bullish trend that much which is usually the best time to trade with such amount, in this bear market, for you to make enough money from trading, I think that you must surely have some huge capital for the business, but if I get the chance to still trade with that $300, I will still take my chances because no matter how little the profit may be, I can still compound it to become big in future.

[Faxmate]

See if we talk realistic its really depends upon you that whether you want to start trading now or whenever you wish to do so.Anytime is good if you are willing to invest but if you want profits then you require some special skills like making good strategies and knowledge about the marke.The amount can be minimum or maximum according to your wish.You can start with 100$ also or with full funds of $300 but keep it long run for proper returns and sell in bullish market.

Though we think that every time it is good to start in trading but much has to look at first if we are ready to lose our money. I know nobody is pushing us to become a trader and to be in trading, it is our own decision and yet to see that we are really satisfied with this. This is not for the sake that we be able to become rich in trading but for the purpose is to gain little by little every day, I think it was enough.

If you want to have too much of profit at once, then you are not a professional trader rather seasonal one who is trying just his luck in trading. The real traders are the ones who keep trading most of the times and every day make some profit even if it is not massive one. This is how they understand and learn from fluctuations of the market.

[nasipadang]

.....
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

You could have made $100- $250 if you were an expert and had talent in trading, maybe you could make more than you imagined. do not look at the price of the coin, but first you have to look at the volume and number of transactions, fluctuations in crypto describe the profit or loss you will get, how high the price of the coin your profits will remain in accordance with your capital, vice versa.
My advice if you really are in need of fixed money then go to full time job or programming because of fixed income, sometimes we have to face the reality that we don't like, adult life is very hard.

[ice098]

$300 is not bad ,but as a beginner in trading ,do not expect that this is will go a long way it might but it also might not.
basically you must equipped yourself with all the knowledge ,strategies and you must also learn money management.

Yeah $300 is really a big thing for me, it can make a thousand if the trader knows many ways and technique,  he also have enough knowledge that every trader must know, his emotional capability must be good so thats he is not afraid in every dip that he will be seeing. Small investment can be good also if we do day trading.

[Free1bitco.in]

If you have any planning for attempting trading with cryptocurrency then you must take the initiative as this right now, No matter what you have money for this purpose, the last couple of days are going down the price so you can avail Bitcoin at a low rate, trading is nothing but it requires a huge knowledge of related platform, not only that but also trading needs to be very watchful and attentive, If you are capable of making any prediction about the market then it will helpful for your trading purpose. So a low amount of capital is not a matter after all, But success will not come to your hand until you study very carefully and properly, In order to make a good trading, accurate information and proper knowledge are mandatory for trading.

yes, some traders use less capital to make a lot of profit. I don't think it's really a matter of how much money you use to trade, but how well you analyze and take advantage of the prices currently reached.
in some cases, not all traders who use large capital always make a profit. they sometimes also stop to think of ways to cover up their shortcomings. in this case, they also sometimes lose, and it achieves big losses.
conversely, some people use small capital, and are smart enough to read the market, so they can make big profits and collect lots of money.

[doomistake]

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

$ 300 is a small capital so you can make a lot of money at trading. because the professional and good traders, they only have 1 day target of 1-2%.
and to get $ 500 per month, it will be a very difficult and risky thing. I think you should take a risk with Margin trading, which is a leveraged trading and helps you make as much money as possible in a short amount of time if you correctly predict the trend.
If you do not know about it, you can read it here: https://www.binance.vision/economics/what-is-margin-trading

I'm a little bit confused. How the OP will make big profit just investing $300?

$300 indeed is not enough capital to start in Trading and earn decent amount of money in just a month, $300 is just good on earning some experience in Trading, after that he could add another $300-$500 to do the work, applying all he have learned in Trading. Since OP is just a beginner, I think he is rushing himself to lose profits by putting a goal amount of money, I could see his face full of disappointments because of expecting too much and too early.

[TrevorS]

It is good to know that you have know plan about what will you do in trading, it seems that you consider the risks that you will face. Allocate your time in studying different trading setups that you can use in trading.

The plan is the most important thing. Try to stick to it even in the most dubious situations, never adjust the plan during your trading session, better do it after.
So it will be easier for you to find your mistakes and determine the necessary adjustments without unnecessary emotions and haste.
Spend two hours of theory for every hour of practice.

[wxa7115]

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

$ 300 is a small capital so you can make a lot of money at trading. because the professional and good traders, they only have 1 day target of 1-2%.
and to get $ 500 per month, it will be a very difficult and risky thing. I think you should take a risk with Margin trading, which is a leveraged trading and helps you make as much money as possible in a short amount of time if you correctly predict the trend.
If you do not know about it, you can read it here: https://www.binance.vision/economics/what-is-margin-trading

I'm a little bit confused. How the OP will make big profit just investing $300?

He cannot that is the issue, many investors think of the profits they can get because they have heard stories of traders using margin trading to leverage their positions and earning several times their investment in days, but that kind of success cannot be sustained no matter how much some argue against it.

And when we consider that the initial capital is of only 300 then it is even harder to make it grow since the fees are going to take most of your profits away, meaning that you have no margin of error a single mistake could cost you all your capital and newbie traders are known to make mistakes like that all the time.

[princerepon]

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.

First of all if you think taht trading is a luck then you are wrong. And i really don't think one month is enough time to understand what is trade. And my friend this is crypto trading we are talking about, this is the most sensitive market place ever. If you really want to be trader then take time and give your best effort for it.

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.

Of course you can. But like i said before it's too difficult to do that in short time.

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

I think choose a normal or genuine exchange is a good idea for a beginner. Because of you are not invest lot of money and searching for low fee exchange then i can recommended you VinDax and Binance.

[beerlover]

There needs to be a lot of coordination between savings, trading, and working to make more bitcoin when you have a little capital.

I started this bitcoin world with zero dollars, ZERO, I had nothing but I worked for it, I worked on faucets like crazy back in the day years ago, I made enough by selling and affiliating others, I made some by working for people and help them get their job done.

In the end I made enough to start trading myself, now I have a good sized portfolio that doesn't worth too much but at least I have been pure crypto with no fiat job for the past year or so and that means not only I managed to survive without fiat income but I also saved a bit aside and made a good profit as well. Couldn't have done that with a regular salary on a suit+tie type of job for sure.

[atjiat]

There needs to be a lot of coordination between savings, trading, and working to make more bitcoin when you have a little capital.

I started this bitcoin world with zero dollars, ZERO, I had nothing but I worked for it, I worked on faucets like crazy back in the day years ago, I made enough by selling and affiliating others, I made some by working for people and help them get their job done.

In the end I made enough to start trading myself, now I have a good sized portfolio that doesn't worth too much but at least I have been pure crypto with no fiat job for the past year or so and that means not only I managed to survive without fiat income but I also saved a bit aside and made a good profit as well. Couldn't have done that with a regular salary on a suit+tie type of job for sure.

It is really very good to follow the example of a professional who knows trading by heart and who began his activities from scratch.  Please tell me how much time do you spend for daily trading per day and what is the average or minimum revenue from trading every day?  I ask this because I need to know what a beginner can count on.

[Danumsigwasan]

I don’t think there is any specific situation to trade BTC, it’s just about common sense and working through proper way to gain. And I do just that which helps a lot with determination. But if you keep doubting yourself and keep taking risk, it will just not lead you anywhere, so this is where analysing is important. I do just that and it helps with keeping eyes on Crypto News, if you manage it right, you mostly will find worthy situation to trade through.

[secretgirl]

in my opinion, you are too ambitious. when you are a beginner who wants to trade with crypto, and you already have a profit target every month, I think it will be difficult for you. I do not recommend for every beginner who is still in the stages of learning to put a large capital in crypto trading, moreover you only have a month to learn and trade. I think that time is too short. In my opinion, the best thing for you is to start trading with a small amount for profit without having a target to be obtained and maximize the time available to learn. if the target you want does not match what you expect, you will not regret it because you already have experience in trading. there are always risks in trading, so don't be overly ambitious in trading.

[dioanna]

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

hi, so what have you decided to do now? it's October now I hope you have decided already
actually I have been in that situation but working outside cannot be included in the options.