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Author Topic: How possible is it to make a living trading cryptocurrencies alone?  (Read 724 times)
konflikkastil
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July 20, 2020, 04:09:33 PM
 #1

Can someone make it trading only altcoins?

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July 20, 2020, 05:09:29 PM
 #2

Can someone make it trading only altcoins?

yes actually its possible but you need to learn how to read technical  analysis  before doing a trade I know a persons doing that and earn around  10-50% in daily trades h. But that's not always accurate that's why its important to have stop lost if you don't want to lose large amount in trading.

If you really interested learning it watch many tutorials or attend   seminar to have ideas and learn how to do it.

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July 21, 2020, 04:10:30 AM
 #3

Can someone make it trading only altcoins?
That's very much possible but you will have to be experienced and has a high capital for you to be able to start. Like you as a newbie, you need to gain experience first. It's not just you have heard that they can make money through trading altcoins and so you'll do as well.
It takes time to tango and you have to practice yourself doing it again and again until you become familiarize with the setting in trading. Many day traders are prone to losing than profiting.

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July 21, 2020, 04:37:20 AM
 #4

There are many full time traders in cryptocurrency market and forex market. It is possible. However to become a full time trader is not easy, it costs you a lot of time, money, trying and non-stop learning. Because every trader start with the same position and nobody can win the market when he starts. Most of new traders will give up because it's too hard to win the market.

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July 21, 2020, 04:40:34 AM
 #5

It's possible but this is a kind of job that is too risky, if you don't have the skills, you can't rely on it as your main source of income, otherwise you'll die in hunger. Just like people who considers gambling as their profession, they make money from it, so it's the same with trading, we are still considered gambling here.

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July 21, 2020, 04:41:08 AM
 #6

Can someone make it trading only altcoins?

Of course it's possible. Many people doing it properly and making profit from it. But before that you have to learn how crypto/altcoin trade work properly. The more you spend time on it the more experience you'll achieve. And the most important kye point in trading is experience. Don't start altcoin trade with new altcoin projects because it's too much risky to understand a good project for a beginner altcoin trader. Here you can see some tips that can help you to understand about altcoin trading.

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July 21, 2020, 07:05:24 AM
 #7

Can someone make it trading only altcoins?

Of course it's possible. Many people doing it properly and making profit from it. But before that you have to learn how crypto/altcoin trade work properly. The more you spend time on it the more experience you'll achieve. And the most important kye point in trading is experience. Don't start altcoin trade with new altcoin projects because it's too much risky to understand a good project for a beginner altcoin trader. Here you can see some tips that can help you to understand about altcoin trading.
It's true! Many people choose to trade altcoin only because altcoin once it gets pump, it provides more profits. However, to be able to do that, you have to master technical analysis, techniques, have enough understanding and experience. The reason is that investing and trading altcoin is riskier than usual. It's the fact that the riskier, the more profits!

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July 21, 2020, 07:30:59 AM
 #8

I read a lot and listen to someone who makes a profit and lives in trading stock, forex and cryptocurrency. They have expertise in good technical analysis and information gathering, so to do that you need to hone those skills. If you ask is it possible or not? the answer is possible. As most members here inform that it's not easy because we can't always make a profit, even we can lose.

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July 21, 2020, 07:43:31 AM
 #9

Can someone make it trading only altcoins?
If you are new to trading believe me, few weeks or months of your first experience won't be so encouraging, to get some strategies in trading you need some practical and within those practicals there will be losses, if you run you lose entirely and if you stay you will find your own way

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July 21, 2020, 08:29:56 AM
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It is conceivable. Anyway to turn into a full time merchant isn't simple tellpizzahut, it costs you a ton of time, cash, attempting and relentless learning TellPizzaHut.



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July 21, 2020, 08:32:47 AM
 #11

Can someone make it trading only altcoins?

This is very very possible friend.  There are some people that do not have another job, their full job is daily crypto trading.  Crypto trading is a job on it's own and someone can decide to take it on a full time.  I am telling you if you have ample amount of money to trade with caution.  You can make it within short period of time.  So one can make a well beautiful living with crypto trading.

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July 21, 2020, 08:34:38 AM
 #12

Can someone make it trading only altcoins?
Many are into trading alone and they are making good profits out of it, if truly you are willing to pursue this path then be ready for anything, you will need patience so that you can learn and plan your own strategy, loss will occur at some point but how determined you are will see you through

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July 21, 2020, 08:37:11 AM
 #13

Yes, it is possible to be trading altcoins and cryptocurrencies generally as a full time job or profession.what really matters is being conversant with market trend. Know what and when to buy and what and when to sell. That really helps and people are making big money investing in and trading crypto currency.

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July 21, 2020, 08:40:03 AM
 #14

Can someone make it trading only altcoins?
Generally, all traders are looking for profits through the trades they run, so they not only choose Altcoin for trading, but top coins like Bitcoin will also choose to earn a lot of profit, because if they only choose Altcoin without looking at the development of the volume and value of Altcoin, they obviously will lose in trading.

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July 21, 2020, 08:48:44 AM
 #15

Yes these are people who takes this job or trading seriously, it needs a lot of time and effort and the knack of it, it's risky but these traders are aware of the risk this is the reason why they can always bounce back, they lose today but regain tomorrow and keeps on moving.

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July 21, 2020, 08:49:21 AM
 #16

Yes, it is possible to be trading altcoins and cryptocurrencies generally as a full time job or profession.what really matters is being conversant with market trend. Know what and when to buy and what and when to sell. That really helps and people are making big money investing in and trading crypto currency.
True! As long as you have proper knowledge, skills and techniques, you can totally do trading as a living-job. However, if you are a newbie to this market, don't be too rush in earning money. You should spend time in learning and exploring the market first. If you are rush in earning money, you will face a great risk of losing your capital. Once you have learned all requirements, you can start trading with top coins such as BTC and ETH because those coins are "safer" for newbie, then you can go ahead and invest in altcoins.

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Botnake
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July 21, 2020, 09:00:46 AM
 #17

First you need to ensure you have the skills and you are already consistent in making so you'll be able to consider it as a job and you'll be able to make it a consistent source of your income.

Actually, I also dreamed to make a living in trading, I know it's quite stressful but here, you can surely achieved the financial freedom you are aiming for. In the first place, the reason we work is to make money, save, invest and retire early, but relying our dreams to our job alone, this is not possible for most of us, therefore we have to take risk and trading is one of the ways to make that dream possible.

You can start anytime with your journey, start small so the risk can be tolerable and adjust accordingly over time.

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July 21, 2020, 09:16:06 AM
 #18

Can someone make it trading only altcoins?

That is possible but only if you are willing to invest your time on it. Many people are already relying on trading Cryptocurrencies and makes a living out of it. They are those people who are never tired to buy and sell Alternate Tokens that are available widely in the market. You can start learning about them by asking people what indications are they watching when trading Cryptocurrencies.

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July 21, 2020, 09:20:42 AM
 #19

Can someone make it trading only altcoins?
Very possible if you are determined, if you aren't scared of losing few dollars while you are practicing nothing can stop you, though I'm bad at trading but the only strategy that works for me is buying coins like Bitcoin and Neo when they are low and sell back when they recover, it works like charm, all it requires is lots of patience

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July 21, 2020, 09:44:52 AM
 #20

Surely. I mean I know people who leave solely depend on trading cryptocurrencies. Some of them actually started with forex trading and moved to crypto trading. But they have got years of experience. They are experts who have lost big and won big too. Trading is a skill, and people have honed it to make a living.

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