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

[InwardContour]

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.

Full time trading for real? I've been on this road and if you put all your eggs in one basket (doing only trading to earn a living) it might be catastrophic. I noticed that when I quit my low paying job to focus only on trading, my emotions trippled, which is unhealthy for a trader even though I thought it will let me focus more on trading, thereby achieving greater heights. However, it's just my personal experience, might be a different ballgame with someone else.

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[bittick]

I think it's possible, but you need experience. Choosing a trading strategy determines its success.

Where to gain experience? After all, it is no secret that most novice traders do not cope and quickly drain their money.

I guess you can guess it by do a regular trade in the market, you didn't even need a lot of money to do that. A small money to start is good enough. People must learn about how to join in the market at the best time, read the sentiment and many more.

[torrantz]

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.

Full time trading for real? I've been on this road and if you put all your eggs in one basket (doing only trading to earn a living) it might be catastrophic. I noticed that when I quit my low paying job to focus only on trading, my emotions trippled, which is unhealthy for a trader even though I thought it will let me focus more on trading, thereby achieving greater heights. However, it's just my personal experience, might be a different ballgame with someone else.

Yes trading really play with our emotion a lot and could exhaust us emotionally. I'd even consider it as more exhausting compared to your usual job. tbh, I kinda dont believe that someone could make it big or live off daily trading. even popular trader on youtube gain their money mainly from refferal.

[yulchatar]

Everyone says that trading in cryptocurrencies doesn't provide a stable income. But in the current situation in the world, I mean the virus and quarantine, many of us also now cannot boast of a stable job and salary. I want to say that I know a few people who only live on the profits from trading. It's difficult, but possible.

[ethereumhunter]

I think it's possible, but you need experience. Choosing a trading strategy determines its success.

Where to gain experience? After all, it is no secret that most novice traders do not cope and quickly drain their money.

You can gain more experience by trading at the exchanges. The more you analyze and trade, the more experience you will get. You can improve your skills in analyzing the coin movement. You can know when to enter and leave the market, you will know how to buy the coin at a low price, and the important is you will know how to sell the coin at the right time. But remember, all of that will need time, and it will not happen in one night. And as long as you can learn from many lessons, I am sure that it will not takes too long to improve your skills.

[bitgolden]

The more you analyze and trade, the more experience you will get. You can improve your skills in analyzing the coin movement. You can know when to enter and leave the market, you will know how to buy the coin at a low price, and the important is you will know how to sell the coin at the right time. But remember, all of that will need time, and it will not happen in one night. And as long as you can learn from many lessons, I am sure that it will not takes too long to improve your skills.

Yes simply, when we are continuously spending time with trading then we can easily become a professional trader. Spending time into trading environment is not possible by just watching markets and this is the reason experts are always suggesting about practicing in demo accounts or trading in live markets but with very small capital. When you're engaging with markets then you can simply notice that you are getting various skills about predicting market direction by your own.

As per many people's experience in this forum, making a life out of crypto trading is possible. But, it is possible only for experienced traders because when you are continuously making losses, you can not be expecting some returns. In summary, crypto trading basically got the potential to get us good profits but only for the people who know how to approach it.

[Tomohisa]

It's possible to make a living by trading cryptocurrencies alone but depend greatly on one how much you need to live as well as your capital investment.

[kindbtc]

Can someone make it trading only altcoins?

Only experts can make it especially who trade at small time frame charts like 1 hour or 4 hour but to be honest it is not that easy because most of the coins and pairs in crypto market still lack enough volume so making it difficult for even scalpers to make regular profits.

[Olatunjex]

It's very possible to make living in trading cryptocurrency but one major thing you must not forget is not to be greedy because it is very risky, and this is one of the reasons having the right skill of doing it is very important

[Upgate]

Absolutely yes, it's possible. Trading in crypto requires capital to start up with and much experience needed before diving into it. Trading earnings feels so good when you have gotten the right formula to trade fine.  Trading takes time before you can able to understand the tactics of trading. Although before then, just bear it in mind that, its a win and loss game or business.

[batang_bitcoin]

It's very possible to make living in trading cryptocurrency but one major thing you must not forget is not to be greedy because it is very risky, and this is one of the reasons having the right skill of doing it is very important

That's not enough because usually a trader gets greedy if he's not experienced. But having that attitude of not being greedy is a must as you trade and day trader or making a daily living through trading, it's hard. You must be disciplined or gone through a lot because you can't do that if you have never went through hardships or never experienced some failures as a trader.

[Westfiled]

It's possible to make a living by trading cryptocurrencies alone but depend greatly on one how much you need to live as well as your capital investment.

How big your capital will determine how much you can earn from the market. I think if you can even generate $50 bucks in a day and that's already good amount.

People didn't need a lot of money to keep their daily life. Regular profit is much better in this case.

[ethereumhunter]

The more you analyze and trade, the more experience you will get. You can improve your skills in analyzing the coin movement. You can know when to enter and leave the market, you will know how to buy the coin at a low price, and the important is you will know how to sell the coin at the right time. But remember, all of that will need time, and it will not happen in one night. And as long as you can learn from many lessons, I am sure that it will not takes too long to improve your skills.

Yes simply, when we are continuously spending time with trading then we can easily become a professional trader. Spending time into trading environment is not possible by just watching markets and this is the reason experts are always suggesting about practicing in demo accounts or trading in live markets but with very small capital. When you're engaging with markets then you can simply notice that you are getting various skills about predicting market direction by your own.

As per many people's experience in this forum, making a life out of crypto trading is possible. But, it is possible only for experienced traders because when you are continuously making losses, you can not be expecting some returns. In summary, crypto trading basically got the potential to get us good profits but only for the people who know how to approach it.

When we are in the market, there will be more challenges that we will meet, making us more careful to decide. Without analysis, we will have difficulties getting the target coins that we want to buy, which could lead us to pick a wrong coin. Predicting the market is one thing that we need to do because, in the market, many coins can attract our attention to buying.

Experience is one thing that the traders should have to determine which coin they need to analyze. It is okay if you are making losses because not all traders can always profit every time they trade. While you are learning more about trading, you can give you more experiences to know the time to buy and sell, which can help you make a profit.

[gwaposakon]

Can someone make it trading only altcoins?

I think it is possible to make a living on trading cryptocurrencies. But it is a risky move that you should be prepared with the market's ups and downs. The crypto market is very speculative and the trends are very unpredictable so you should know how to read market movements so you can go with the market flow to earn big in crypto. Unless your comfortable with it, you should have an alternative means of earnings to be sure.

[popeye95]

Any traders living in a 3rd world countries can have a liveable condition with less than $300 per month. That amount doesn't look too much so it is possible for traders in those countries. Else, you looking at very high profit and gain per month to keep you sustain in 1st world countries and make every day trade become more harder under that pressure.

[Ucy]

Or rather than a newbie bothering himself or herself with the challenging job of day trading, he/she could simply focus on buying few established coins when their prices dip substantially (and sell when they increase) until the market is well understood and he/she can then move to day trading and trying other coins. Price notifier and stop loss will help alot in this case

[kesmex]

Can someone make it trading only altcoins?

Of course you can, I also trade on altcoin, I don't have Bitcoin, because the current price of bitcoin is still expensive, and in altcoin everything is still cheap, so I decided to altcoin, and I'm grateful to be profitable 

[semobo]

Can someone make it trading only altcoins?

Its possible but highly risky though, there are time comes you may face losses for a while in that time what you will do for your living.Crypto is highly volatile and profitable but making it as our only source of income will make your future in a big question.But you can live by if you have decent amount as capital by holding most part in crypto and only trade with a part of it.

[criket]

Can someone make it trading only altcoins?

Of course you can, I also trade on altcoin, I don't have Bitcoin, because the current price of bitcoin is still expensive, and in altcoin everything is still cheap, so I decided to altcoin, and I'm grateful to be profitable 

I also like you, I trade altcoin like LINK and BNB now. some new altcoins in binance are also interesting for day trading. although the benefits are small, that we can get every day. don't forget to get out of the market and never be greedy.

[Becky666]

Can someone make it trading only altcoins?

What exactly do you want to trade if not altcoins? This is the best industry you can earn while sleeping and while talking  . I have be a fan of the altcoins and traded many time ago with good profits to show. This has be one way I took care of my families without any problem, but, you must be focus and be ready to face obstacles. Altcoins season has come again and you can start buy some good defi projects coins for profits, though you must be careful for making your choice of coins.