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Author Topic: How possible is it to make a living trading cryptocurrencies alone?  (Read 691 times)
tsaroz
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July 21, 2020, 09:54:31 AM
 #21

There are several people living on crypto trading alone. They also seem to be active on other activities but their major income is from crypto trading. Unlike stock tradings, crypto trading is much more flexible and could be easily automated to make trades according to your need. A good trader would use a trading bot with their own custom script to make automated profit that just needs some inspection otherwise are auto money generating machines. But for most new traders, resigning your job and jumping into crypto would not be a good idea.
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July 21, 2020, 10:01:22 AM
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 #22

Can someone make it trading only altcoins?
Follow my lead, you need lots of patience and to avoid losses when trading, just buy low and sell high, all that matters here is timing, orders can get successful in seconds, minutes, hours, days or even months, that's why you need patience

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July 21, 2020, 10:04:29 AM
 #23

Can someone make it trading only altcoins?
This is what I do for a living but not just trading alone. I also participate in bounty campaign and I can tell you that it is very realistic. You can make living with trading. You need to be able to know how to trade and do not limit yourself to altcoin. I trade btc, ETH and FTX token. All you need to do is to learn and do not set unrealistic goal for yourself. Trading is not sport gambling. You also need to start with good amount of money. $500 for me is ok
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July 21, 2020, 10:06:33 AM
 #24

Can someone make it trading only altcoins?
Follow my lead, you need lots of patience and to avoid losses when trading, just buy low and sell high, all that matters here is timing, orders can get successful in seconds, minutes, hours, days or even months, that's why you need patience
It looks very simple, just buy low and sell high. But how do you apply it to your investments? Without experience, you will never find a suitable altcoin to buy low and sell high. It is really very difficult Cheesy

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July 21, 2020, 10:08:42 AM
 #25

Many people make living by trading in forex then why not crypto. ALT coin can also be a good asset for trading. As long as the market moves ups and downs its possible to trade those token and make profit. You just need to be super active and figure out a way strategy to buy and sell at the right time so that you can get maximum profit from your trade. And do not put your whole balance in a single token.

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July 21, 2020, 10:47:33 AM
 #26

Can someone make it trading only altcoins?
Follow my lead, you need lots of patience and to avoid losses when trading, just buy low and sell high, all that matters here is timing, orders can get successful in seconds, minutes, hours, days or even months, that's why you need patience

That patterns is good if again you have a huge patience behind you, most of the time due to fluctuations traders become
vulnerable of making wrong decision, instead of buying low and selling high the it's goes to the opposite, lack of knowledge
and good anticipation and like what you have said, timing plays really big when you are into this business, a matter of mins
or hrs fluctuations changes everything. You need to be more precise when choosing your positions to avoid making huge mistakes.

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July 21, 2020, 11:08:44 AM
 #27

Can someone make it trading only altcoins?
It is possible, but that will be difficult since he needs to find the potential altcoin which can moves good every day.
He needs to analyze every day to find the coins, and he needs to spend more time to find.
But I advice him to trade stable coin pair bitcoin because the movement will be good for him as we know that bitcoin price can go up and down every day, so he will have the opportunity to make a profit.
Besides that, he can save his profit in bitcoin, and only sell the bitcoin once the price increase.

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July 21, 2020, 11:14:34 AM
 #28

Can someone make it trading only altcoins?
It is only possible in 2 scenarios:
You are very active online, great at fundamental and technical analysis with expertise at reading charts and using other trading tools for confirmation.
Secondly for a regular income you need to start with good capital small capital will not yield you good regular income with normal trading.


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July 21, 2020, 11:20:27 AM
 #29

Can someone make it trading only altcoins?

Yes definitely, there are good profits if you trade altcoins; but you can only make these profits if you master the arts of trading. You need to understand how trading works, what trading entails, when you should trade; how you should trade, how to store your profits; when to use stop loss, and more importantly when not to trade. So focus on the basics of trading first, and you can then practice with 5-10 $ before you go into it finally
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July 21, 2020, 11:21:31 AM
 #30

Can someone make it trading only altcoins?
It is only possible in 2 scenarios:
You are very active online, great at fundamental and technical analysis with expertise at reading charts and using other trading tools for confirmation.
Secondly for a regular income you need to start with good capital small capital will not yield you good regular income with normal trading.

And based on OP's question, trading alts is not an easy peasy task. if someone will devote his trading only in altcoins, he should know the background, updates and developments of those alts. without the knowledge from these alts, it is like you are trading blindly and losing all your money is very imminent. But yes, someone can live by trading cryptocurrencies. However, he needs a relatively good amount to start with. Few dollars will not give you the profit that you need to survive your everyday life.
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July 21, 2020, 02:06:30 PM
 #31

Can someone make it trading only altcoins?

I believe that you can make a living doing any business. Why can't this be cryptocurrency and altcoin trading? Of course it is possible and it is already done by those who have learned to trade. Of course, this opportunity is not available to everyone, or rather, it is available to everyone, but not everyone will be able to make money on trading. This process requires the availability of free funds and certain skills. I personally know a person who successfully trades cryptocurrency, but this is not his only way to make money, as there are always risks and you need to have several types of income.

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July 21, 2020, 02:12:56 PM
 #32

Can someone make it trading only altcoins?
Im actually earning a few bucks from my daily trading and i can make a living from there. As long as you have experienced enough in the crypto currency trade and you can make your living alone. You must remember you can even do a daily trade for that.






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July 21, 2020, 10:47:37 PM
 #33

It is very possible to make a living trading cryptocurrencies alone, some people have done it, some people are still doing, and some people will still do it. You can do it as long as you have what is takes to trading. You must learn how to trade first from people that are expert in the field. You must also have a lot of patience because you learn more when you start trading...

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July 21, 2020, 11:21:31 PM
 #34

 Although crypto trading can be profitable but its a business you need to learn and master . Do not go into trading if you have not studied and be equipped with all it takes to trade successfully. In answering your question , Yes people are trading for a living but that does not mean to do not have loses , rather they know how to manage their risk .

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July 22, 2020, 05:04:02 AM
 #35

Can someone make it trading only altcoins?

Yes, it's very much possible to make a living just by trading alts but you need to have some lumpsum funds to do that because you need to have money to make money. I know a couple of guys who are a full-time trader on binance and they are making pretty sick dollars.






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July 22, 2020, 06:20:49 AM
 #36

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.
You are misleading him. I would never suggest anyone to live off by trading only. There are a lot of risks involved with trading. You don't receive a steady flow of money by trading. What do you think will happen when the user does not manage to make any profit for a month or is in loss after several trades? It is going to be really hard for him to pay his bills.
10% - 50% profit everyday by trading? Sounds like bullshit to me.

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July 22, 2020, 06:25:22 AM
 #37

Can someone make it trading only altcoins?
If you are loaded with a big amount of money then yes you could do it but if you only have small capital then no.
It would depend on your capital and how you handle it but it would really be hard to only depend on trading for everything you need.



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July 22, 2020, 01:36:35 PM
 #38

Can someone make it trading only altcoins?
If you are loaded with a big amount of money then yes you could do it but if you only have small capital then no.
It would depend on your capital and how you handle it but it would really be hard to only depend on trading for everything you need.

You don't a need to have a large capital to earn enough in trading.  You can use 100 to 1000$ for 10-50% daily return tradings.but you need to be professional traders to earn that amount and its not guarantee  since ,its trading .but once you are pro with technical analysis it is really possible I think the better you need to do first is to learn more about trading and how to read technical analysis .

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July 22, 2020, 01:45:06 PM
 #39

Can someone make it trading only altcoins?

It is very much possible, but as a beginner, you need to learn the rudiments before starting and after you might have started, it should be one step at a time, that is, do not yet depend solely on it as a beginner and expect tat there right be losses sometimes, so as to guide against making decisions out of emotion. A good trader must learn to take things as they come. Learn from the odds and move, with time, you will get better.
The set of traders that depend on trading alone today did not make that decision in a day. They started from somewhere and with time, they made the decision of depending totally on it.

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July 22, 2020, 02:15:30 PM
 #40

Can someone make it trading only altcoins?
Trading itself is actually very possible, but needs to learn how to read charts properly and correctly, not only as long as guessing later it will be like gambling.
No need to study too much to the chart or the like, news on some altcoin can also affect the altcoin movement will go up or down. so understand correctly and DYOR.

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