Trading crypto is a different ball game

[akram143]

Its easy as well as risky though, no one can make stable income by trading cryoto currencies but they can a lot compared to other investment so all they need is patience,they have to wait for their time to cashout and the profit margin is also important factor if you are a day trader.

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[bitbunnny]

Its easy as well as risky though, no one can make stable income by trading cryoto currencies but they can a lot compared to other investment so all they need is patience,they have to wait for their time to cashout and the profit margin is also important factor if you are a day trader.

Anyone who expects a steady income from crypto trading better not to go into it at all. It's a risky business without any guarantees for profit and with high possibilities for loss too. Of course, you can make a decent profit but that takes time, experience, patience and good risk management.  Especially for day trading that is the most demanding and the riskiest form of trading.

[South Park]

Of course, trading on the cryptocurrency market has always been risky, but at the same time it is highly profitable. There are tools to reduce risks.

What tools are we talking about? I use trading bots for trading, but I wouldn't say it gives guarantees.

Most likely he is not talking about actual tools but skills, the most important by far is your ability to set up a stop loss that will automatically close your trade if the market moves against you, this is very important because your goal as a trader should be to remain in the market long enough to capture the big movements, like the one we are seeing now, and the only way to do this is by protecting your capital and keeping your losses as small as possible until you wait for that day.

[apache20]

When I heard about this I really started to wonder if it's true how they say that anybody trading stocks with a bunch of money to throw around looks like an expert in a bull market. I have never traded stocks much but my experiences trading crypto has been really really difficult. That being said, I don't see how stocks would be much easier..

Thankfully, I did approach trading crypto with the mindset that this would be challenge of a lifetime and would require thousands of hours of work. I think that's probably the only way to look at it and get anywhere over the long haul. The fact that he has said that day trading is the easiest thing in the world makes me suspect that he's heading for some trouble somewhere down the line, big money or not. 

[Oilacris]

When I heard about this I really started to wonder if it's true how they say that anybody trading stocks with a bunch of money to throw around looks like an expert in a bull market. I have never traded stocks much but my experiences trading crypto has been really really difficult. That being said, I don't see how stocks would be much easier..

Thankfully, I did approach trading crypto with the mindset that this would be challenge of a lifetime and would require thousands of hours of work. I think that's probably the only way to look at it and get anywhere over the long haul. The fact that he has said that day trading is the easiest thing in the world makes me suspect that he's heading for some trouble somewhere down the line, big money or not. 

For someone who do talk about trading to be the easiest thing to be done then that person is just simply lying or just trolling you out because its never been an easy thing due to very undpredictable movement of the price specially here on crypto.

I cant say that Stocks/forex is much easier because they are on the same concept where buying and selling assets is involved. Volatility may differ but the system is just the same.

You do actually have that good self realization or mindset on where these things cant really be just attained on a short amount of time.This would take years and much effort to be successful into this field.

[Yamifoud]

We can't underestimate crypto trading and we can think that it is just similar to stock trading. Definitely no...It is somewhat that some people been pulled by their emotions if they were seeing some people succeed in trading and they'll think that they can be also. They come into trading without knowledge, well, not would be a suicide and surely they end up losing.

This is a common mistake but people never change, they keep trying just to prove themselves that they can make it. No, probably not a good idea...it is only a way that we make ourself suffered most. it could be better to look at a place where we are comfortable with and we know also about that trying to push ourselves even though in our self we feel already hard.

[TheUltraElite]

Its easy as well as risky though, no one can make stable income by trading cryoto currencies but they can a lot compared to other investment so all they need is patience,they have to wait for their time to cashout and the profit margin is also important factor if you are a day trader.

Stable income trading is more a gimmick mate. If someone is telling you that, be ready to be receiving referral links to shady websites from them.

Trading income is by default unstable and will very depending on political news and how you react to the market. Some days you might be able to make some while other days you might lose some. It is all part of the cycle, nothing good or bad.

Keeping hodlers aside, those who are actively trading will have different buying and selling points, that is tough thing to keep up with. But day traders are developing their own bots and doing that.

[jrrsparkles]

People who thinks crypto trading is so easy to make profits are newbies because experienced trade know how the volatility of cryptocurrencies can eat the profits we made in hundreds of days in just few hours so we need to keep active all the time and stop loss feature can save from huge losses and much more to learn everyday from trading cryptos.

[Kasabus]

People who thinks crypto trading is so easy to make profits are newbies because experienced trade know how the volatility of cryptocurrencies can eat the profits we made in hundreds of days in just few hours so we need to keep active all the time and stop loss feature can save from huge losses and much more to learn everyday from trading cryptos.

Sometimes, it's good to stay only in one field if you think you already mastered it rather than entering into crypto trading believing that it would be another rich quick scheme. Crypto trading is a different game and you need to be more knowledgeable and skilled with it first before you can say making profits in crypto trading is easy.

[Ridwan Fauzi]

Maybe it will be different if he has tried to trade in gold but if I noticed gold and bitcoin have the same path their price movement. I see in bitcoin, there is a huge dump it means it is just one candle which has a long shadow and it is happen in gold as well. Honestly, I haven't tried to trade in stock market even I haven't seen a price movement in stock market. But I'll bet if the basic concept between bitcoin and stock market is mostly same, maybe this is not his place to trade.

[Bitlover10]

I know in this field many possibilities happen but it's also true that those possibilities only for big money investors not for regular traders. Regular traders makes 100 200 or 300 dollars and one he lost everything in this market. So overall its bad impact on the market. Price manipulate by few people and exchanges and they can move price any direction and you can't do anything just watching to loose your money.

[iv4n]

I know in this field many possibilities happen but it's also true that those possibilities only for big money investors not for regular traders. Regular traders makes 100 200 or 300 dollars and one he lost everything in this market. So overall its bad impact on the market. Price manipulate by few people and exchanges and they can move price any direction and you can't do anything just watching to loose your money.

Markets will always be markets, you can't find a market where the prices are stable all the time. You can trade with gold, stocks, crypto or tomatoes, it's almost the same, there will be a time when prices will go down, and times when the prices will go up, learning how to surf on the waves and take the best from it (making profit) is a skill, and it's not for everyone! How much can you earn on the markets, there's no limit, you can start with small amount and make a fortune, you can start with fortune and lose it all, I saw many stories, and which story is yours will depend on you! Your skills, your bankroll, patience, you will have to give all you have if you wish to become successful. Every market can be a subject of manipulations, and nobody stops you from take a break when you see some whales coming in, you can dump what you have and wait for the prices to dip and buy when whales are buying.

[wiss19]

Wall Street people are very upset about bitcoin just because of this reason. They are so used to the fact that they are the ones making and breaking companies that having absolutely no power over bitcoin upsets them.

Let’s talk about giant companies, Amazon, facebook, apple they are all huge, however if tomorrow all shareholders decide to sell their positions in these companies they would make the owners a lot poorer, and I mean a lot, or their customers could stop working with them, buy Samsung instead, use twitter instead (or tiktok or whatever) or simply buy from ebay instead and these companies will go down and bankrupt, even though they are huge they are still vulnerable. Bitcoin is not like that, as long as people who wants bitcoin exists, it will always be high and whales can't decide for us on this one.

[Btc_1856]

I know in this field many possibilities happen but it's also true that those possibilities only for big money investors not for regular traders. Regular traders makes 100 200 or 300 dollars and one he lost everything in this market. So overall its bad impact on the market. Price manipulate by few people and exchanges and they can move price any direction and you can't do anything just watching to loose your money.

This the basic thing happened to me many times, which we need to be very careful with the market situation. We should always can't keep our whole investment into single coin and we need to divert to other postnatal coins and it will help us to make a profit. Some time we cannot help based on the market situation because many whales will change the according to their way.

[Dorodha]

Truly trading crypto is a different ball game it is very difficult to say which way the crypto market will ever go. The crypto market is affected in the ups and downs although it depends on the fate it is often easy to change the destiny by using one's own knowledge and experience. before trading in crypto you have to learn well and verify which currency is better. Then you don't have to suffer too much even if the market goes up and down the whale market is very dangerous. At that time it is better to stop investing.

[Dime miner07]

Trading cryptocurrency required well versed technical analysis. It always works. You can make a decent amount of money doing a scalping trade. That is based on experienced. Volatility is the strength of cryptocurrency market.

[goldade]

This is a very interesting piece of news. I believe such conclusions after just a week in trading is unreasonable.
There are 2 points to consider here.
1. One week isn't enough to make such judgment.
2. He most likely didn't care to study how trading crypto works because of how experienced he is, trading other markets.

Even if one is an experienced trader trading crypto, one week isn't enough to count your losses or profit. One should give it time.
Secondly, trading without getting the necessary knowledge and skills will only result in losses. He's an experienced trader, he should know this.

However, just like OP said, it might have a negative impact in making people, especially his followers, stay away from bitcoin

[South Park]

When I heard about this I really started to wonder if it's true how they say that anybody trading stocks with a bunch of money to throw around looks like an expert in a bull market. I have never traded stocks much but my experiences trading crypto has been really really difficult. That being said, I don't see how stocks would be much easier..

Thankfully, I did approach trading crypto with the mindset that this would be challenge of a lifetime and would require thousands of hours of work. I think that's probably the only way to look at it and get anywhere over the long haul. The fact that he has said that day trading is the easiest thing in the world makes me suspect that he's heading for some trouble somewhere down the line, big money or not. 

I'm not an expert but the impression that I get is that people really believe that they know how to trade despite not making any effort to improve their skills in that area if they happen to enter the market when there is a bull market, and this can be very damaging for their future career as traders and as investors because anyone that has been in the market long enough knows that those two activities are not easy at all and the real talents of a trader show when things do not go according to plan and the only way to improve your skills on those circumstances is to put all your effort into studying those subjects, something that very few people do.

[proscratcher]

Yes, the cryptocurrency market is a different animal. It is very volatile as of the moment and you were been trading on other markets like stocks, you get shocked into this space.

[Kamilaz]

Only go for pump and dump if you're the luckiest person on earth. Otherwise, settle with long term investment. Patience is key.