Does having a lot of investing money make trading for a living much easier?

[beerlover]

Exponential wealth accumulation is not something people understand that clearly. When you have 10k and make 1k profit, that is not the same as having 100m and making 1m profit, they are not remotely close to each other.

One person doesn't even have to work anymore for money, he is super rich and will never need money ever again unless he does something idiotic, whereas the other person just made 1k, which even on the poorest nation, cannot make you live forever, maybe a year at the very best case and probably not even that much.

So, rich do not just get richer, rich also makes it very difficult for you to make money as well, that is the difference, the more wealth they accumulate, the less wealth you have a chance to make from the pool of money available.

[death69]

That is true. But I is not as easy as you think. Many factors affect in a trading life. It takes a person a huge amount of time to master this specialty.  If you cant control your emotion in trading, you can easily suffer a huge loss. Trading is like improving oneself with many mistake and weakness.

[Kasabus]

That is true. But I is not as easy as you think. Many factors affect in a trading life. It takes a person a huge amount of time to master this specialty.  If you cant control your emotion in trading, you can easily suffer a huge loss. Trading is like improving oneself with many mistake and weakness.

Starting trading with a huge amount is really impressive but it doesn't mean that you can expect profits right then. Trading is just like gambling whether you lose or win the game but if you start trading without much knowledge about it, you will surely end up losing your funds. Skilled traders even lose their funds as well. Trading takes more time and efforts for you to expect good profits at the end of the day.

[boyptc]

In trading and investments, if you want to make it as your decent source of living. The fact is what you have said, you need to have a bigger capital for you to rely on it.

Just think of those financial superstars like Warren Buffett. They are not investing peanuts on one investment, they're allocating a large amount of money for each investment that they do.

And that applies with trading too.

[Salauddin1994]

Yes it is not possible to trade without capital adequate capital is needed no matter where you start but just investing money will not make trade and livelihood beautiful if there is no knowledge about trade. That will make life and trade difficult it is possible to achieve success only if you have to make yourself efficient along with the capital. Learn about the market before investing and start with small capital as it will save money and make trading easier.

[Anonylz]

No it doesn't make trading easier, having lots money does not equate to having the needed experience to trade, this are two separate thing, having enough money is one thing, having the trading experience is another, so if you are thinking with enough money and less experience you will make money in trading, you are mistaken,
It will even be better if you have the required knowledge together with a good sum of money to trade, if not, you will lose all your money no irrespective of the amount.

[Findingnemo]

More money means better affordability and so you can have more chances to get back when you make mistakes.First of the profit margin can't be in dollars because it highly depends on the capital and compounding so we should keep the percentage to reach and should be realistic. If your country has high tax rate means then you should have to pay it, there is no other way.

[Coin-1]

Now imagine someone with a million dollars as investing money... decide to buy 100 btc with the price at 10k a coin to make it simple.  I don't want to use an altcoin as an example because those are risky and you can easily lose everything as coins do drop to zero... so basically stick with the top coins on the list.  Now let say btc went up and down for the next few days and then btc went up to say 10500, now the person sells all 100 btc for 1.05 million dollars.  Let say trading fees are 0.25% fees.  Is that the rate now for trading btc?  Now in the first transaction, to buy a million dollars worth of btc.. fee would be 2500 dollars right?  Then when you sell the btc... fee is 2625 dollars... can anyone confirm the math here?

Yes, your math is correct. When you place a buy order, you need to enter the desired price and the dollar amount you wish to spend. The cryptocurrency exchange will automatically calculate the amount of bitcoins you will receive if this order is fully executed. In other words, you need to make a deposit and bid $1002500 to buy 100 bitcoins at the price of 10000 USD per 1 BTC with a fee of 0.25%. When you place a sell order, you offer 100 bitcoins at the price of 10500 USD per 1 BTC. The cryptocurrency exchange will give you only $1047375, so the profit will be $44875.

In my opinion, having a lot of investing money does not make trading easier at all. When you trade a large amount of different assets, you can lose a lot of money if you make a wrong financial decision. Moreover, a centralized exchange can be hacked at any time. This incident could lead to bankruptcy of the company. You should manage all risks no matter how much bitcoin you trade.

[Genemind]

I never done trading so curious on this.  Also don't have the money to trade as it would be for small amounts so I don't think I could make much.  Is that true or false?  You need a lot of money to start if you want to make enough trading for a living right?



Now imagine you are someone with no job but have a lot of money.  Or a lot of money and a job... doesn't matter.  But you have lot of money to invest.



Let say you want to make around 50k a year for someone in the US trading  As im sure lot of US ppl know, if you trade short term, you have to pay like 35% on your short term gains.  And you pay 15% when long term but obviously people want money coming in monthly like income with a job.



Now imagine someone with a million dollars as investing money... decide to buy 100 btc with the price at 10k a coin to make it simple.  I don't want to use an altcoin as an example because those are risky and you can easily lose everything as coins do drop to zero... so basically stick with the top coins on the list.  Now let say btc went up and down for the next few days and then btc went up to say 10500, now the person sells all 100 btc for 1.05 million dollars.  Let say trading fees are 0.25% fees.  Is that the rate now for trading btc?  Now in the first transaction, to buy a million dollars worth of btc.. fee would be 2500 dollars right?  Then when you sell the btc... fee is 2625 dollars... can anyone confirm the math here? 



So basically in these transactions... the trader made 50,000 usd... but pays 5125 usd in fees right?  So net profit is 44875 usd?  So say that is the only transaction this person did all year with trading, they pay tax on short term for 15706 usd on their profits... so they make 29169 usd right?



If so, there tons of ppl doing this?  Because it seems like if you have a lot of investing money... with how btc is... and it going up and down... wouldn't trading make a lot of sense for someone with a ton of money?  I mean we seen ten percent increases and higher in a few day span.  And obviously it goes down that as well but as long as you hold and don't sell, well you don't lose.  Now imagine a huge thirty percent increase in btc to 13000.  This person would make 300000 usd minus fees and minus taxes... they would still take a net of like 190000 usd right?

It's not just about the amount of money that you have but it's how you'll handle your capital. It's about the application of your learning and experiences. It doesn't end in investing alone because it also needs critical analysis and skills, especially in trading. One wrong decision and you might lose everything.

[Fivestar4everMVP]

I never done trading so curious on this.  Also don't have the money to trade as it would be for small amounts so I don't think I could make much.  Is that true or false?  You need a lot of money to start if you want to make enough trading for a living right?

From my own personal experience, I did say yes to this question, you definitely need a lot of money to make good profit in crypto when trading, maybe in the future when crypto becomes very popular like forex, this would change but for now, a huge capital is required in trading to make a good profit you and your family can live off with.
If you are trading with let's say below $50, you can only make a good profit if you are lucky, but on a normal circumstance, you will hardly make a good profit with that amount, but if you are trading with $1000 and above, your chances of making good amount as profit is higher as any slight upward movements in the market can put you in $20 to $25 or $30 profit, and if you make this amount everyday, you will have a good living standards.

[Bajank]

Now imagine you are someone with no job but have a lot of money.  Or a lot of money and a job... doesn't matter.  But you have lot of money to invest.

I do not have a job but I have money to invest it is best try to work with your own money without having to work with other people we must be brave to build a future with the right investment

[palle11]

In trading and investments, if you want to make it as your decent source of living. The fact is what you have said, you need to have a bigger capital for you to rely on it.

Just think of those financial superstars like Warren Buffett. They are not investing peanuts on one investment, they're allocating a large amount of money for each investment that they do.

And that applies with trading too.

With trading you can start small too and grow big. Some businesses, you don't need to start from big . Trading is a high risk investment and so for new investors , mastering takes patients. Warren Buffet didn't start all his businesses with investing big. So trading should be done like a process otherwise all funds can be lost as fast you can't imagine.

[jerry0]

Now imagine someone with a million dollars as investing money... decide to buy 100 btc with the price at 10k a coin to make it simple.  I don't want to use an altcoin as an example because those are risky and you can easily lose everything as coins do drop to zero... so basically stick with the top coins on the list.  Now let say btc went up and down for the next few days and then btc went up to say 10500, now the person sells all 100 btc for 1.05 million dollars.  Let say trading fees are 0.25% fees.  Is that the rate now for trading btc?  Now in the first transaction, to buy a million dollars worth of btc.. fee would be 2500 dollars right?  Then when you sell the btc... fee is 2625 dollars... can anyone confirm the math here?

Yes, your math is correct. When you place a buy order, you need to enter the desired price and the dollar amount you wish to spend. The cryptocurrency exchange will automatically calculate the amount of bitcoins you will receive if this order is fully executed. In other words, you need to make a deposit and bid $1002500 to buy 100 bitcoins at the price of 10000 USD per 1 BTC with a fee of 0.25%. When you place a sell order, you offer 100 bitcoins at the price of 10500 USD per 1 BTC. The cryptocurrency exchange will give you only $1047375, so the profit will be $44875.

In my opinion, having a lot of investing money does not make trading easier at all. When you trade a large amount of different assets, you can lose a lot of money if you make a wrong financial decision. Moreover, a centralized exchange can be hacked at any time. This incident could lead to bankruptcy of the company. You should manage all risks no matter how much bitcoin you trade.

Well you say when you trade a lot of different asserts, you can lose a lose of money.  Well even if btc went down to say 7k here... u aren't down any money until you sell though correct?  Nobody loses or wins until they sell.  So you just wait till it goes over that bought price... of course it might never go back or take a long time to go back.



But in my example, i feel like if someone has a million dollars, just buying low and selling high with btc and those top coins... seems safe though?  I mean the odds of btc dropping really low would be hard right?  Now obviously this example i give, i would not use it for other coins not in the top 5 list for example because those are risky.  Like if you stick with the big main coins, btc etc... shouldn't it feel safe?

[isaac_clarke22]

You can trade with small amounts, but expecting it to sustain you for even a week in unrealistic. If you want to get big in trading, you should invest as well in large amounts . High risk = high reward kind of mindset.
But you shouldn't think about trading first even if you have large amount of money in your disposal. Consider asking yourself if you're willing to lose that amount of money.

[davinchi]

I really can't believe how much people are relying on stuff like finding like a million percent chance or whatever to get rich, it is not really something like that at all, you can't put in 20 dollars and suddenly become rich, there is no coin nor any project that could ever be able to do that, you are not going to have a life changing event unless you go in with a ton of money.

I have a lot of friends who are not "rich" in the way you think what rich is, sure they have few tens of thousands of dollars, but it is not even 100k, nor even at 50k for most of them, but they do get in and make like 10% profit and when you have like 30k invested, that 3k is a lot of money. This shows you, if you have even a bit of money that is decent, you are going to have 10% profit change a lot of your life.

[ethereumhunter]

In trading and investments, if you want to make it as your decent source of living. The fact is what you have said, you need to have a bigger capital for you to rely on it.

Just think of those financial superstars like Warren Buffett. They are not investing peanuts on one investment, they're allocating a large amount of money for each investment that they do.

And that applies with trading too.

With trading you can start small too and grow big. Some businesses, you don't need to start from big . Trading is a high risk investment and so for new investors , mastering takes patients. Warren Buffet didn't start all his businesses with investing big. So trading should be done like a process otherwise all funds can be lost as fast you can't imagine.

Both of you are right. If you have a large amount of money, you are free to choose what investment or what kind of business you want to start. But that will not be easy if you have to limit money, but you can still create a business. Luckily, in crypto trading, you don't need to have big money to start, but the important is that you have the skills to trade to make a profit and grow your money. When you are a pro trader, you will have a chance to make a big profit.

[Kupid002]

You can trade with small amounts, but expecting it to sustain you for even a week in unrealistic. If you want to get big in trading, you should invest as well in large amounts . High risk = high reward kind of mindset.
But you shouldn't think about trading first even if you have large amount of money in your disposal. Consider asking yourself if you're willing to lose that amount of money.

Not a good tips for a newbie if you will teach them this kind of investment there is much higher chance that they will lose instead of earning with that kind of investment. High risk and high earnings investment is only for those people who have guts to lose thier money. But investing large amount is not a good idea or if you plan to invest all your money. Its better to learn the basics thing in trading and earn little by little than dreaming for one time big time opportunity.

[hulla]

Having a huge capital fund only give cryptocurrency traders the chance of making good income in a single trade and it also increase the chance of lossing big either if extra precaution are not put in place. However, it doesn't make crypto trading more easier for the trader and what make crypto trading more easier are have good information about whales movement, accurate price alert bot or ticker and adequate trading knowledge.

[ChrisPop]

I have reviewed some of the responses in the thread and I feel like I have to state the following. "Trading for a living" is extremely broad. We all have different lifestyles. Some of us are more materialist and desire more things like eating out, being opulent with the latest iPhone and gold watches, while others are satisfied with having something to put on the table. Moreover, I'd say that a person who has mastered the skill of trading and is consistently profitable - already has a decent amount of funds available for trading activity OR it should be very easy for him to raise the funds.

[Yamifoud]

Having a huge capital fund only give cryptocurrency traders the chance of making good income in a single trade and it also increase the chance of lossing big either if extra precaution are not put in place. However, it doesn't make crypto trading more easier for the trader and what make crypto trading more easier are have good information about whales movement, accurate price alert bot or ticker and adequate trading knowledge.

Huge capital=huge gains/losses
Small capital=small gain/losses

Risk takers will prefer to fund big amounts and the reason why? It is because they don't mind about losing, no, they don't think about a chance to lose but instead, they positive about what they have started. The difference between the two small and big are just the numbers, they all can possibly lose but if you are good on how to make a trade, the chances of losing are quite low which it gives the idea why most successful traders are preferred for this.