adroitful_one
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January 11, 2020, 02:36:47 PM |
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I don't think it was ever easy, maybe just the opportunities were better. Making any kind of profit isn't easy and doesn't come without efforts. It's very important to set realistic goals according to your possibilities and capabilities and to have enough patience. Success and profit don't come over night. Skilled and experienced traders stil can make very nice profit but that takes constant dedication to the market.
While getting profits in any market is never easy I think he has a point, it was easier to obtain profits back in the day whether you were a trader or an investor, just to give you an example there was a time in which faucets gave one bitcoin, which means that a person that did faucets back in those days and it is still holding those coins today will probably be incredibly rich by just investing a few hours of his time, and we know that is impossible right now. What exactly makes you so sure this won't be the case in the future as well? Maybe those .000001 drops you get from faucets now could be worth something in 10 years? Also, the market has a lot to do with this. It's a lot easier to profit on a trade whenever you're in a bull market and the price is going up. You basically just hold as long as you want during these markets. Can't really screw it up. There's a lot less room for mistakes during a bear market. Hold too long and you could be screwed.
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Wipeout2097
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January 11, 2020, 05:08:47 PM |
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Truly said,There some reasons which can be hurdle in to get maximum profit.Big Whales are big threat fr traders because no one can know the next move of whales and your research,strategy fails when whales make a move suddenly.It is better that know the sense and past trend of whales.
Never demotivate yourself just get lesson from past and move on,Less earning with consistency will beat all.Learn abut market and new strategies and latest technology that can help to get more profit.
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FLoving
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January 11, 2020, 05:21:18 PM |
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I don't think it was ever easy, maybe just the opportunities were better. Making any kind of profit isn't easy and doesn't come without efforts. It's very important to set realistic goals according to your possibilities and capabilities and to have enough patience. Success and profit don't come over night. Skilled and experienced traders stil can make very nice profit but that takes constant dedication to the market.
While getting profits in any market is never easy I think he has a point, it was easier to obtain profits back in the day whether you were a trader or an investor, just to give you an example there was a time in which faucets gave one bitcoin, which means that a person that did faucets back in those days and it is still holding those coins today will probably be incredibly rich by just investing a few hours of his time, and we know that is impossible right now. At that days faucets were giving one bitcoin for a single claim as at that time the price of one bitcoin was in pennies and now increased but as we know that these faucets are still give in pennies and we also know that the price of these satoshis will one day be much higher as we saw the price of one bitcoin increasing so if you want to be like those early claimers try to be the faucet claimer now and wait for a ten years
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Visbay
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January 12, 2020, 01:57:55 PM |
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Truly said,There some reasons which can be hurdle in to get maximum profit.Big Whales are big threat fr traders because no one can know the next move of whales and your research,strategy fails when whales make a move suddenly.It is better that know the sense and past trend of whales.
Never demotivate yourself just get lesson from past and move on,Less earning with consistency will beat all.Learn abut market and new strategies and latest technology that can help to get more profit.
No one can alone make price high or low but we can be part of it. Being a trader I got to know profit exist in trading but it’s not that easy to get as we will have to remain so active and never panic. We will have to wait once we invest our money in worthy coins. Holding gives profit to traders and also helps traders to gain money from trading.
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the rise
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January 12, 2020, 02:46:12 PM |
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Truly said,There some reasons which can be hurdle in to get maximum profit.Big Whales are big threat fr traders because no one can know the next move of whales and your research,strategy fails when whales make a move suddenly.It is better that know the sense and past trend of whales.
if traders did see whales trends before, why not try to follow in their footsteps and start adjusting the ego to the traders' strategies themselves? whale games can still be known through a collision of trends that allow them to sharpen movements with sudden manipulation, the charts also always confirm it in the spot market even though whales play more by margin.
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samcrypto
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January 12, 2020, 10:17:36 PM |
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Too bad to say it's not like the market before. May we see that prices continue to rise beforehand, but unfortunately it's in a long run that we all struggle and this time we can't even have any bullishness. And you're right, it's really hard to make a profit, but we can still do it if we determine all our power to it. Trading will also affect what coins we will be trading / holding, and if we use those less fortunate coins, we can really think of becoming profitable because they have more potential to grow..
Just have the will to make money and you can make it. Trading is not easy at all so don’t panic and remain focus. Making money is difficult, if you think for an easy money then its not cryptocurrency anymore because of a bear market. In time, when we are able to break the walls making profit will become an easy thing again but don’t expect if you are not good in trading and you don’t have enough good coins.
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Yamifoud
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January 13, 2020, 10:32:16 PM |
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Why it's really hard if you want to sell or carry on a long-term basis. So long so uncertainty occurs and the price fluctuates from time to time, you will benefit from it. Don't presume the market will always show green colours because it can not happen. The most important thing about this is just that you know the right time to buy and sell money. The price of Altcoins was tied to the price of Bitcoin and it's almost the same movement.
Even you carry long-term trading but probably is not the solution and way in order to generate a favourable income form trading, it also matters on the market condition and as well as the strategies we use. The price is still at low, no huge market fluctuation that it means that we can't see any chance that we could sell at a high price or buy at lows. This is too hard to face a situation like this if you are a short-term trader.
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mirakal
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January 13, 2020, 10:36:20 PM |
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It's difficult when the market is bearish because people will doubt to buy and that should minimize the chance to be profitable for those who have average trading skills and without some limited capital.
Not everyone does really have a decent capital to start of in trading, some just have a small amount and they hold to grow it with a big amount in trading, but at this bear market, it's really hard, so if we like to see a bigger chance, we should choose the right timing which is when the market is bullish.
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gabbie2010
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January 14, 2020, 07:40:04 AM |
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I myself also don't know how to get big profits now because with current market conditions it is difficult to trade, the price of coins is not so profitable that I also become hesitant to start trading, I hope luck will be with me so I can get a big profit again
We should adapt based on real time market condition, if we cannot make a big profits, don't force us to make it because it will just lead us to loss. So we better manage our profits, it's okay little profits but if we do it many times it will equals to big profits As a trader it is very obvious to make huge profits in trading cryptos these days is like a mirage the market had not been creating trading opportunities for trading however the little profits earned can be compounded to big using a strict money management and disciplined trading.
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huige007
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January 14, 2020, 04:28:56 PM |
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I myself also don't know how to get big profits now because with current market conditions it is difficult to trade, the price of coins is not so profitable that I also become hesitant to start trading, I hope luck will be with me so I can get a big profit again
We should adapt based on real time market condition, if we cannot make a big profits, don't force us to make it because it will just lead us to loss. So we better manage our profits, it's okay little profits but if we do it many times it will equals to big profits As a trader it is very obvious to make huge profits in trading cryptos these days is like a mirage the market had not been creating trading opportunities for trading however the little profits earned can be compounded to big using a strict money management and disciplined trading. It has become difficult to make big profits in the world of trading nowadays. The reason is that economical stress has increased over the years due to increase in population and moreover the financial state of major leading regions in the world is changing so fast .This is not easy to manage and hence big gains are a rare event.
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onyek16M
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January 14, 2020, 04:31:15 PM |
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what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.
Difficult time has been passed. and now start to new season of altcoins, few altcoins has increase high price today such DASH, BSV and Litecoins, tips to trade altcoins is you should choose potential coins, analysis chart of coins the lowest price and highest price then buy in lowest price for the next day, and the last tip you should to update the event of coins
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bohr
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January 14, 2020, 06:31:06 PM |
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I don't think it was ever easy, maybe just the opportunities were better. Making any kind of profit isn't easy and doesn't come without efforts. It's very important to set realistic goals according to your possibilities and capabilities and to have enough patience. Success and profit don't come over night. Skilled and experienced traders stil can make very nice profit but that takes constant dedication to the market.
While getting profits in any market is never easy I think he has a point, it was easier to obtain profits back in the day whether you were a trader or an investor, just to give you an example there was a time in which faucets gave one bitcoin, which means that a person that did faucets back in those days and it is still holding those coins today will probably be incredibly rich by just investing a few hours of his time, and we know that is impossible right now. What exactly makes you so sure this won't be the case in the future as well? Maybe those .000001 drops you get from faucets now could be worth something in 10 years? Also, the market has a lot to do with this. It's a lot easier to profit on a trade whenever you're in a bull market and the price is going up. You basically just hold as long as you want during these markets. Can't really screw it up. There's a lot less room for mistakes during a bear market. Hold too long and you could be screwed. I do not really use my time to try to get money from faucets but those that do complain that now it is impossible to withdraw the money that they had accumulated from faucets and that those faucets ask from them to deposit some bitcoin in their account so it seems that faucets have become scams as well, the only way in which the story could repeat itself is if you could find a faucet that give you altcoins and then that altcoin went up in value in a very significant way and you sold those coins for a very high price.
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dunfida
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January 14, 2020, 08:40:11 PM |
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I don't think it was ever easy, maybe just the opportunities were better. Making any kind of profit isn't easy and doesn't come without efforts. It's very important to set realistic goals according to your possibilities and capabilities and to have enough patience. Success and profit don't come over night. Skilled and experienced traders stil can make very nice profit but that takes constant dedication to the market.
While getting profits in any market is never easy I think he has a point, it was easier to obtain profits back in the day whether you were a trader or an investor, just to give you an example there was a time in which faucets gave one bitcoin, which means that a person that did faucets back in those days and it is still holding those coins today will probably be incredibly rich by just investing a few hours of his time, and we know that is impossible right now. What exactly makes you so sure this won't be the case in the future as well? Maybe those .000001 drops you get from faucets now could be worth something in 10 years? Also, the market has a lot to do with this. It's a lot easier to profit on a trade whenever you're in a bull market and the price is going up. You basically just hold as long as you want during these markets. Can't really screw it up. There's a lot less room for mistakes during a bear market. Hold too long and you could be screwed. I do not really use my time to try to get money from faucets but those that do complain that now it is impossible to withdraw the money that they had accumulated from faucets and that those faucets ask from them to deposit some bitcoin in their account so it seems that faucets have become scams as well, the only way in which the story could repeat itself is if you could find a faucet that give you altcoins and then that altcoin went up in value in a very significant way and you sold those coins for a very high price. Fauceting is already a trash thing completely and i dont see a reason why would people do still continue to engage on tings. For exploring matters then its understandable but making it as a source of income the better not to try yet you would just waste up your time. When we do talk about large profit on trading? Its possible but it depends totally on how good you are and also on how much money you do risk in (big position) or either doing leverage (not suggested).The wrong thing here is that people are hurrying too much on making big money because they do saw from other traders without even realizing that getting profits does really need time and patience and experience.
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bangjoe
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January 15, 2020, 04:22:14 PM |
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It's difficult when the market is bearish because people will doubt to buy and that should minimize the chance to be profitable for those who have average trading skills and without some limited capital.
Not everyone does really have a decent capital to start of in trading, some just have a small amount and they hold to grow it with a big amount in trading, but at this bear market, it's really hard, so if we like to see a bigger chance, we should choose the right timing which is when the market is bullish.
traders with small capital must always tighten the accumulation of assets in higher profits if you want to add value, the profit target must also be targeted every week and also must focus on just 2 coins. actually now it's far from a bearish word, many active improvements in the chart over the past week, nothing is too difficult in the current conditions.
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teosanru
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January 15, 2020, 04:38:44 PM |
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what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.
It has always been difficult to get large profit in trading. But it becomes easier when you actually become self reliant and trust your strategy rather than just going here and there to beg tips from those proficient in trading. I often give a great analogy when it comes to trading. Trading is more like getting a prescription from the Doctor who can guide you about which medication to take and which would suit you but at the end your body itself has to recover from the disease by assistance of those medication. In trading too people can give you their knowledge of trading but they just can't tell you 100% that this medicine (Strategy) would work for you. There are probabilities with every strategy and someone might be too proficient in some certain strategy while he might be a big fail in the other one due to external dynamics. Also just like getting a prescription from doctor he tells you that it will take a significant time before you can get desired results from that medication. Similarly in Trading there is gestation and learning period when you actually try to find out which strategy suits you and then trust me you will be able to get a large profit in today's trading world.
Too bad to say it's not like the market before. May we see that prices continue to rise beforehand, but unfortunately it's in a long run that we all struggle and this time we can't even have any bullishness. And you're right, it's really hard to make a profit, but we can still do it if we determine all our power to it. Trading will also affect what coins we will be trading / holding, and if we use those less fortunate coins, we can really think of becoming profitable because they have more potential to grow..
What we saw earlier in 2017 was just a bubble effect which was a phase when anything you buy would skyrocket that was just a one time phase and prices which rose too much that time are pretty much at rock bottom today. People need to get over that phase because that is not going to come again atleast in cryptocurrencies. Bullishness will come but it would be a bit stagnant unlike the previous rapidness. Obvious reason of this is market population has changed significantly and so has price elasticity. Basically, No. of buyers and sellers ∞ 1 ____________________ Elasticity of Prices
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Jiyens3
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January 15, 2020, 06:55:00 PM |
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If you really observe the market movement, you will see a lot of opportunities given by the altcoins in the market from the past couple of weeks. There's always a chance on the market, and you just need to examine each of them to see and sort out the good opportunities for making good profits. You have to do it on your own and do not rely on recommendations from other people so that you can maximise the profit. Sticking to your own strategy is the best advice.
Well alright, the market movement conditions is good for the last week and holder or investor have big chance for this situations but remember that OP made this thread in September, 14 2019 indeed that month really difficult to take profit and small chance for trader cause only little coins has rise price with small rise, make all people of cryptocurrency dissappointed because can not take profit
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shield132
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January 15, 2020, 09:25:06 PM Last edit: January 15, 2020, 10:26:31 PM by shield132 |
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I wouldn't say that these last months or this year in overall was bad for even daily trading because price rise/fall was common daily. It was like following: One day price was 9000, then 9500, then 9000, then 8500, then 8200 and then 8600 and so on, I take this numbers as an example. This is great opportunity for trader, such price movement is what attracts traders but of course it makes difficult to guess tomorrow's price, this could be the reason why some may say that profitable trading was difficult this month, at some point yes cause current price was making it extra hard to trade often (it was like 50/50 rise and fall) but it was great for holders, saw great price? Sell, wait for a while to see low one, did you see it? Then buy immediately and sell again when you'll see high price. This year was like that, pretty easy to catch not all but only good moments. See so nice chart: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fllri3dP.png&t=665&c=2tSHTFMFPAPvYQ)
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puertorikosena
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January 16, 2020, 06:00:03 PM |
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I would not advise trading altcoins, since their price chart is absolutely unpredictable. Unless only top coins. It is better to trade those instruments that have the greatest capitalization. But in this case, the daily profit will not be as large as we would like.
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outatime1
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January 17, 2020, 01:59:36 AM |
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It is difficult and this is why most people lose their money and the few that know what they are doing take everyone elses money.
This is why I shifted to more long term trading so that I don't have to worry about the daily or weekly volatility.
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joeperry
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January 17, 2020, 02:20:48 PM |
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what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.
Best tip i can give is to study different trading strategies or study more about reading the market charts it seems that you have a problem in predicting coin behavior it's natural for the coin to go down for a couple of days or weeks you should also consider what type of trader are you, day trader, swing trader, etc. another suggestion is to go back to basic you can also find free resources such as forex trading courses since forex market reading and crypto have the same concepts and i think you can apply it to the cryptocurrency market as well. Be observant as well try to look for patterns on the market.
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