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

[ubay]

Yes, of course you can, playing daily trading with a target of 5% - 10% profit is what you have to do, but first learn technical analysis before trading, practice learning and determine the formula according to your abilities then you will be successful.

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[gazilla]

It is very much possible to live of crypto for as long as there is crypto. Honestly you have to know to withdraw some of the gains you make before a market downfall. So if you play it smart it is definitely doable.   

[lienfaye]

yes, it is very possible that someone only trades altcoins, before you enter into trading, you still have to read the movement of Bitcoin with USD, pay attention to risk management and capital management. you can survive in the world of trading.

We can survive but relying your daily living on it? I dont think it will work for everyone.

The market is unpredicted and we cant often take profit thus making it hard to rely your daily needs on your profit in trading.

However this is not impossible either for a pro trader that know how to apply a strategy regardless of the status of the market.

[Phoenix_PROG]

Can someone make it trading only altcoins?

I still don't know how experts trade and live on trading alone because there is always loses around the corners, the best trading strategy I like using is buying bitcoin or popular altcoins at a cheaper price or when bears attack the market and sell when bulls are here

[ije07]

I think it's possible but if you really have a broad knowledge of trading, about the coins you want to trade and are ready to take risks too. Trading does require high risk, but you also have the opportunity to get big profits if you are lucky in trading.

[ghost424]

It might actually take a long time but its worth it. To gain or earn more with Cryptocurrencies, managing a bounty or joining bounties are the best way to gain Alternate Cryptocurrencies. Managing a Bounty is hard but the pay is good BUT to do that, you need to prove yourself by managing small bounties at first then transition to bigger ones. You also need to have a reputation within the forum if you want to be known.

[taufik0911]

Can someone make it trading only altcoins?

I still don't know how experts trade and live on trading alone because there is always loses around the corners, the best trading strategy I like using is buying bitcoin or popular altcoins at a cheaper price or when bears attack the market and sell when bulls are here

it is the basis of trading and investing i.e. buying at the lowest price and selling when it hits the highest price
but we need to analyze market trends, fundamentals and technicalities to get a profit because we can't just rely on luck because the market can suddenly change
It is better if you first learn how to analyze the market before trading and if you have enough experience you can live only on trading income

[glowing10]

There are so many traders around the world not only making a living but making wealth what you only need is skills and experienced you need to learn it not in few days or weeks but months or years to be able to become successful others look for a mentor but the fee is expensive if you dont have enough money then youtube is free but be careful to enter an investment without enough knowledge its too risky.     

It is possible to make good wealth with trading but for that one need to have that skillset and should have the experience to trade at correct time and price else we know how it can fall back and also people in volatility has lost money. Not everyone can make money from trading but if one can sustain and get most of the trades in right direction, they will end up making money.

[matchi2011]

It might actually take a long time but its worth it. To gain or earn more with Cryptocurrencies, managing a bounty or joining bounties are the best way to gain Alternate Cryptocurrencies.

You can earned crypto by this means, you just needs lots of patience and lots of research to pick
the right project that will allow you receive good amount of rewards from small task that you need
to accomplished.

Managing a Bounty is hard but the pay is good BUT to do that, you need to prove yourself by managing small bounties at first then transition to bigger ones. You also need to have a reputation within the forum if you want to be known.

It's really difficult since there are many respected BM that can easily take the post, and also, with bounty
managing you are entitled to received good amount of rewards, tough to compete but worth it once you
find the right team which will not scammed out and develop the project as how they promised to be.

[b1k4ng]

If you have expertise in day trading, of course you can get money to meet your daily needs, but I still advise anyone not to rely solely on crypto. because everything in crypto can happen in a matter of hours

[Henrytrust]

The truth is that trading cryptocurrency is quite a lucrative venture for those who are skilled and experienced in the act. The only challenge is that there's a risk of losing one's capital if care is not taken. Trading has even been simplified with trading bots that can be set up to help one get maximum result.

[Google+]

If you have expertise in day trading, of course you can get money to meet your daily needs, but I still advise anyone not to rely solely on crypto. because everything in crypto can happen in a matter of hours

if you are aware of that then I think at least you enter the coin you should be able to know the right time because so far cryptocurrency price movements are difficult to predict, doing daily trading can also give you a very high risk because you can get stuck at high prices.

[Lantind]

It is very much possible to live of crypto for as long as there is crypto. Honestly you have to know to withdraw some of the gains you make before a market downfall. So if you play it smart it is definitely doable.   

The point is how to play it and to know how it is with the knowledge that we have learned as much as possible, so all that can be done as long as we have enough knowledge to carry it out, because every job requires knowledge of each and to have knowledge is certainly not an easy matter for each person.

[TGD]

If you have expertise in day trading, of course you can get money to meet your daily needs, but I still advise anyone not to rely solely on crypto. because everything in crypto can happen in a matter of hours

That's why when you decide to trade on a coin especially into new listed coins better watch out carefully and monitors it like what is happening with DeFi projects, if we are going to trade with the projects that we see how increase too much in a span of hours or days, tendency the price will really fall down without us even noticing it. So if we enter some money for trading be focus and create a plan or TA to check whether where spot is right or can considered to stop loss or to pullout because many were able to really earn from trading if they are focus and serious in charting.

[usm2000]

I think you can , i think nothing is impossible in this world , but we just think of trade profits because we need to know that many risks plaining way and appropriate for avoiding harm , what i do not only aimed to benefit only or next time you will regret

[usm2000]

It is very much possible to live of crypto for as long as there is crypto. Honestly you have to know to withdraw some of the gains you make before a market downfall. So if you play it smart it is definitely doable.   

How we can see to draw advantages before market fall? can you seeing the future? looks like trade now, it is hard to the even a trader versed just must have fallen experienced loss movements in

[Captain Corporate]

 How many people are in the world? How many people make money from money? Even without bitcoin or crypto there are not that many people who work in an industry for financial sector, sure there are some but it is not all people in the world, probably less than %1 of the world. Which means you should not aim at working to make a living from crypto, it is not the purpose of crypto life style because you are not going to trade your way into a life. Sure go invest into it, have some saved aside and hold it for the future, that is awesome, but making a living is something different. That is why I would highly suggest everyone to save crypto and not try to profit crypto. You could also earn, you can work and get paid in crypto, I do that and that could work but obviously that is not trading.

[budi691]

it is very possible for people to make a living selling or investing in cryptocurrency, all are entitled to profit by trading crypto, especially during this pandemic many people lost their jobs in the real world so many people are making a living by making profit from cryptocurrency.

[bobyhodob]

 How many people are in the world? How many people make money from money? Even without bitcoin or crypto there are not that many people who work in an industry for financial sector, sure there are some but it is not all people in the world, probably less than %1 of the world. Which means you should not aim at working to make a living from crypto, it is not the purpose of crypto life style because you are not going to trade your way into a life. Sure go invest into it, have some saved aside and hold it for the future, that is awesome, but making a living is something different. That is why I would highly suggest everyone to save crypto and not try to profit crypto. You could also earn, you can work and get paid in crypto, I do that and that could work but obviously that is not trading.

unfortunately only a few people have thoughts like you because many people just want to get money instantly without any effort and work if done seriously then the results will also get a lot of profit, so at least keep trying and as much as possible stay careful when you want to invest in cryptocurrency.

[pungopete468]

Of course even my self are trading only alt coins I choose to buy altcoins since I see that many of the upcoming coins have really good potential and I don't want to lose that chances to have them some altcoins have some good trading volume and you can easily buy and sell them just stay away from shit coins with they can easily ruin you.