How possible is it to make a living trading cryptocurrencies alone?

[Entei]

If you have a comfortable life without needing to have a fixed monthly income to pay for your personal expenses, there is the possibility of earning a living with cryptocurrency. This topic is too personal to be analyzed and the more pressure the less result we can assimilate with quantum mechanics.

[Ridwan Fauzi]

Can someone make it trading only altcoins?

Trading is not about the place that you choose but it is about your strategy.

Although you try to trade in shitcoin (you haven't know before) you'll still get a profit or you won't lose your money.

There is many thing that must be prefered before you do day trading. Such as find more first many information about the coin and make an analyst through the chart.

If you do that everytime you trade you will gain profit. Because the two factors is enough for every trader to gain money in it. So, there is not how much altcoin that you choose or what coin that you choose but it is about your skill.

[CuriousGeorge]

We have a small altseason, in the last two months I have been able to make a profit from trading, will see what happens next, the main thing is not to give up, but to learn and do.

that's true and this is the problem that has already faced by a lot of people when people feels so bad with their trade and they have choosen to give up with the situation.

Everyone can even fill their daily life throuth use the daily trade.

[gwaposakon]

I think it is very possible to trade alone using altcoins. I have been doing it quite a while and I can say that it could be rewarding if you know how to trade properly. Some altcoins have some great potential to grow big in the coming weeks so one must take advantage of the situation.

[joinfree]

Well, it's absolutely possible and you can make very decent profits out of it but you need a substantive amount of money if you are looking to earn from this industry day trading. Start with something around $1K and you are likely going to make at least $200 everyday. However, you should be ready to accept losses should the market crash.

[serjent05]

Can someone make it trading only altcoins?

Yes, as long as the person is well equipped with trading knowledge.  The altcoin market is indeed riskier but it offers greater profit when done properly.  I have witnessed several altcoin growth and even traded and got huge profits from some of them. 

[Leah38]

Expert traders earn daily through trading. You can actually earn bigger than the daily minimum wage if you know how to trade. Its risky of course but you can learn how to trade through patience and right trading techniques.

[usekevin]

Mostly new traders will choose the bitcoin to inverse their money. Only few beginners had a guts to get into altcoin directly. Not only guts, it should need of widesome knowledge to inverse on altcoin. Because many shit coun also available in the market. Not only by the price chart you can predict which is good or bad. You should alos analysis the team behind the project to avoid of shitcoins.

[Galley]

Everything is possible. It is only worth clarifying that the result of this trade may be completely different from what you expected. It all depends on your knowledge and your experience in trading. Altcoin trading is a very risky endeavor with unpredictable results. All this is compared to a casino.

[Asuspawer09]

Can someone make it trading only altcoins?

In my experience in trading altcoins in the market, I think you could earn a decent amount of profit in a day.

With just trading altcoin daily if you have good capital you could earn hundreds of dollar if your lucky in your trading but probably it is not always gonna be a good day.

It might be risky so investing in cryptocurrency but it is possible to make a living in trading alone.

[MikeyVeez]

Trading altcoin pairs are profitable only in a bull market when we see that Bitcoin grows, but altcoins grow even more! What would you now trade? Bitcoin is the most stable asset in the market currently, for more than 2 weeks we didn´t see any movement on Bitcoin. 

[ene1980]

Can someone make it trading only altcoins?

There was a time when it was possible but now it is not that easy to make a living trading on cryptocurrencies alone unless you have a sable financial situation where you are not forced to make any sell offer unless needed and the best way to make a good profit is to trade without pressure, there are many coins pumping on a daily basis but the risk involved is really high as you cannot hold for a certain period of time as you can be the bag holder, in short there are ways but the risks are higher.

[darewaller]

There is many thing that must be prefered before you do day trading. Such as find more first many information about the coin and make an analyst through the chart.

If you do that everytime you trade you will gain profit. Because the two factors is enough for every trader to gain money in it. So, there is not how much altcoin that you choose or what coin that you choose but it is about your skill.

Yes, first we need to find a coin for trading which should be potential enough and then must go for gathering enough information about that coin then we must go for technical analysis to find where to buy and that to sell. This way we can manage crypto trading for earning a life from it. It means we must focus on both fundamental analysis and then technical analysis. News and development information about one particular coin is a better way of doing fundamental analysis.

there are many coins pumping on a daily basis but the risk involved is really high as you cannot hold for a certain period of time as you can be the bag holder, in short there are ways but the risks are higher.

The only thing we must focus on finding ways because we can easily tackle those higher risks. With the help of technical analysis, we can find when a coin will get pumped and then we can go for buying and selling according to our risk management. Because, you cannot wait too long to make profits so that you should exit at your preferred profit level.

[Viscore]

Can someone make it trading only altcoins?

I'm not sure how it works coz mostly traders never just rely upon on altcoins alone but more on Bitcoin. Besides, we know the reality in trading, altcoins never have that volatility, prices keep moves slowly and the bad thing is that some altcoins played with hypes which are considered a huge risk and possibility of losing.

You'll need to be smart in trading and that smart action is to choose those coins that are really potential. Well, that gonna be best if we choose the mix of Bitcoin and some potential altcoins, there you can guarantee of anything.

[ZincUnrated]

You can only achieve this if you are a top professional and a seasoned cryptocurrency trader with several years of handson experience. However, due to the volatility and uncertain nature of cryptocurrency and digital assets, this isn't adviced. You could have a lot of bad days and end up blowing your investments and that will be a terribly thing to face. Learn your trade and keep a side job until you are completely ready and competent enough to solely depend on trading for survival.

[maxreish]

Of course, trading altcoins to make a living is possible. But I will strongly recommend not to rely on this alone. The risk of losing is high because of this unstable market. Also, if you are not that confident enough to enter trading you can not enter without the shield (tools and knowledge).
 It takes time to learn trading and yeah it is worth all the efforts. Been trading for years now with altcoins and so far I have been gaining.

[daniahya]

Can someone make it trading only altcoins?

In my experience in trading altcoins in the market, I think you could earn a decent amount of profit in a day.

With just trading altcoin daily if you have good capital you could earn hundreds of dollar if your lucky in your trading but probably it is not always gonna be a good day.

It might be risky so investing in cryptocurrency but it is possible to make a living in trading alone.

trade does not always get a profit in my opinion, even though it is someone who is an expert in trading, surely they will suffer losses too, for beginners it is better to dare to trade altcoin. but have to learn also how to trade well and how to read the market, in this forum many free knowledge that can be learned

[KnightElite]

Full time trading is possible but it is not easy and only few traders are constantly earning in volatile market. For those who want to be a full time trader, that task is so difficult especially in the beginning where you are not yet used to the volatility of the market. I do trading but not full time because there are still things that I needed to do but I plan to do full time trading in the next 6 months because my goal today is to earn experience and to polish my skills in trading.

[makishart]

We have a small altseason, in the last two months I have been able to make a profit from trading, will see what happens next, the main thing is not to give up, but to learn and do.

you should always watch the movement in the market. To do a daily trade needs a good market with intense volatility.

This is not an impossible thing to do but when someone wanna try to do that and there was a lot of things that must be considered to choose the right market to do the daily trade.

[lienfaye]

Can someone make it trading only altcoins?

Its possible but not easy. You need to be knowledgeable and aware of everything related to trading.

I did this as well before but it didnt work, I might be lacking of strategy and plan thus im more on losing than having a profit. So I chose to be a long term holder while having a real job because I can earn stable income through this.