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Author Topic: How much did you make in Bitcoin trading?  (Read 1397 times)
Janation
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January 22, 2021, 11:18:14 AM
 #41

That is a huge opportunity, to be honest.

Just imagine the price is at $3K or $4k and now we are seeing the price at $30K. It is more than 10x the time you've invested and if you have that amount to invest, that is just massive. Still, I don't say that people could get that timing right since the market is very unpredictable. I am just saying how big that profit would be if that timing is right.
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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January 22, 2021, 02:14:16 PM
 #42

On spot trading I can make at least 200-400 $ every month depending on market conditions. Sometimes I also hold for 2 months to get the price I want. almost 1 year I have earned approximately 3,000 $.In my opinion there is no risk even though the decline occurs because we can hold and there is no Liquidity on Spot trading.

Since this year when there was a Futures on Binance I actually suffered a lot of losses, for many people who can indeed see this an opportunity to get quick money but some can also lose. I was hit by rect later this year because of Short bitcoin.

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January 23, 2021, 07:26:36 PM
 #43

FWIW I cashed out.  Didn't have much so it is the best time to do it.  Even now I can buy more than I previously had.  Just going to check the price once a week as it goes down and buy when it starts going back up. 
that's true but the long term believers will not care about this suggestion.
I can make more than $100 in a day from altcoins and less from bitcoin consider the price of bitcoin is too high and i can only get small return from my daily trade.
This time is the best time to enter the market and then wait at least a few days until the market will recover again.
Daily trade is definitely a lot better on a volatile altcoin, that way you could make a lot more money, however that is definitely for day trading and not long term. Long term do not care about the drops and increases because if they are long term enough they already made a lot of money.

I have a friend who bought at 4 thousand for example, during the 2018 crash, which means dude is so much in profit right now that at one point he had 10x return, he didn't care because he said he is not selling until he has enough to retire which he believes will be at around 150k or so levels. Basically all I am saying is, you could try to make quicker smaller profits day by day, or you could be a long term trader, there is a profit to be made in bitcoin for everyone. I hate the notion that one of them is right and the other is wrong, I believe both of them are great.

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January 23, 2021, 08:06:52 PM
 #44

There is not much I can make from Bitcoin trading because my analysis is not very good...
I think I just made a few dollars trading Bitcoin. I am still confused when the price moves. *it is true that a trader must continue to hone his skills to be able to make a profit

I am more interested in holding than Bitcoin trading. Because I think my trading knowledge is not enough to trade. So I tried a few times but later focused more on holding from trading. This will be an advice for everyone that you should not trade with full funds so that you can face a big problem later.

30% should be kept for trading and the rest should be kept in full fund hodl. This will keep your funds safe from any major mistakes.

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January 23, 2021, 10:25:38 PM
 #45

On spot trading I can make at least 200-400 $ every month depending on market conditions. Sometimes I also hold for 2 months to get the price I want. almost 1 year I have earned approximately 3,000 $.In my opinion there is no risk even though the decline occurs because we can hold and there is no Liquidity on Spot trading.

Since this year when there was a Futures on Binance I actually suffered a lot of losses, for many people who can indeed see this an opportunity to get quick money but some can also lose. I was hit by rect later this year because of Short bitcoin.
One of the reasons on why i didnt really tend to get engage with futures/leverage type of trading.You would really get that big profits but in exchange or equal it do doubles the risk.

Back to topic on how much i do make in trading bitcoin then it is all random but on average i do make $100 per week but there are weeks which are lesser.
It depends on the market condition or trend because not all the times we would really be having a good day or making profits.
What matter most is to retain up profits even you do suffer losing trades.

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January 23, 2021, 11:11:07 PM
 #46


Things are going back to March 13, 2020, the second day of the 312 crash. I personally watched Bitcoin fall to 3,800 U.S. dollars, which is a few hundred U.S. dollars per second. I was shocked, because in my trading history , I’ve never seen the btc so low before, not to mention that there are only two months left before the 512 reduction
It depends on what I am investing with, in futures trading I grow my money from 30$ to 150$, I just follow the trend and make things possible even though the market is having a dip sometimes still in futures I am having a gain because of the pair that I am currently playing with, in terms of spot, I'm still waiting for the right time to sell my bitcoin in USDT pair so that I don't be hurt so much because of the high fees these days.
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January 23, 2021, 11:36:20 PM
 #47


snip...
It depends on what I am investing with, in futures trading I grow my money from 30$ to 150$, I just follow the trend and make things possible even though the market is having a dip sometimes still in futures I am having a gain because of the pair that I am currently playing with, in terms of spot, I'm still waiting for the right time to sell my bitcoin in USDT pair so that I don't be hurt so much because of the high fees these days.
Can't imagine, if you have a $1000 capital, multiplied by 5 times, it is a big money already. More capital, more gain but possibly, it is more money to lose if you can't make it right. But as long as you are buying Bitcoin at a cheap price, making money from it will be easy for you.
 
Anyway, not all have that guts as usually, starters will use small amounts just to test the market and so themselves.

R


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January 24, 2021, 04:43:18 AM
 #48

Last year and this year so far my income in bitcoin is good but not huge like in the year of 2017 I earned a lot of profit in that bull run but Im still thankful and blessed of what bitcoin already achieved. It's better to earn small than nothing and I guess many people are not prepared  the bull run happened last year because base on my observation most of them they earn more in 2017 than this year.
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January 24, 2021, 05:43:29 AM
 #49

Last year and this year so far my income in bitcoin is good but not huge like in the year of 2017 I earned a lot of profit in that bull run but Im still thankful and blessed of what bitcoin already achieved. It's better to earn small than nothing and I guess many people are not prepared  the bull run happened last year because base on my observation most of them they earn more in 2017 than this year.
Earning bitcoin vs earning profits? In 2020 the earning opportunities got reduced even in bitcointalk there is no ICO, less campaigns and airdrops but in 2017 people were earning 10K dollars from bounties and later ended up with loss one who didn't sell them right away.

$4000 to $40000 so here is better chance of making profits one who invested their money in to it.









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January 24, 2021, 05:44:45 AM
 #50

I just started my trading journey this year I've not really earn much, I feel motivated by the experiences of some traders here, I hope to earn profits having devoted many years in learning and came up with my own trading strategy which is based on daily trading with a higher reward to risk ratio coupled with a fixed stop loss and take profit, I knew that trading is a highly risk venture but I am equal to the task having made some some profits with few losses.

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January 24, 2021, 07:30:20 AM
 #51

FWIW I cashed out.  Didn't have much so it is the best time to do it.  Even now I can buy more than I previously had.  Just going to check the price once a week as it goes down and buy when it starts going back up. 

So you have enough capital to buy BTC weekly?
And you too have huge guts to bear losses lmao.
Buying BTC at this point of time maybe very risky.
But still love to see these types of daredevils.
Please keep us updated if you can once in each month about your profits or losses.
It will surely help us to learn some lessons.

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January 24, 2021, 01:24:41 PM
 #52

Personally not that much to be worth mentioning or waste your time for, but on the other hand I made more money not trying to trade the market and instead investing on Bitcoin when it's cheap and laddering buys on the way down.

Investing with proper risk management and specially having extra capital for averaging down that makes it work better for me, the simple way of buying Bitcoin with better Risk/Reward is to wait and buy some everytime it dumps hard and market is in full panic mode, it usually works the best and better to do this instead of going all in when you just felt like it.
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January 24, 2021, 01:56:45 PM
 #53

Not much though 'cause all of my profit came in holding but I am currently trying to trade now specifically in future trade. It's interesting in fact I made my capital 2x there recently, it's kinda risky though because it's more like margin trading, and you really need to focus on this one, a couple of minutes and it could all be gone.

The results obtained will depend on the capital used and also the ability to analyze the market, but in my opinion those who hold crypto, especially Bitcoin, in the long term will get more profit than from day trading, because every trader must have made mistakes in decisions buying or selling so can reduce profit.
This could be true that the long term will provide more profit especially if you are using Bitcoin. However, for some reason, a short trade can compete with it, this could not work on Bitcoin but for alts at least, the fact that alts were more volatile which is perfect for short-term trade. You gotta choose wisely on the alts you're going to choose though because not all are capable to provide such profit.



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January 24, 2021, 02:05:53 PM
 #54

I can't be sure how much was made from trading during this bull run but I enjoyed it where the trades were amazing at the moment I still hold some btc and altcoins and some in savings during the profits.
However, at this time I am still paying attention to some potential coins and of course this needs some analysis, therefore it is still a consideration whether it is worth trading at this time to trade several altcoins because we know that a large amount of risk awaits but I play short to ensure small profits.

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January 24, 2021, 04:28:06 PM
 #55


Things are going back to March 13, 2020, the second day of the 312 crash. I personally watched Bitcoin fall to 3,800 U.S. dollars, which is a few hundred U.S. dollars per second. I was shocked, because in my trading history , I’ve never seen the btc so low before, not to mention that there are only two months left before the 512 reduction
I do not want to tell how much did I make in bitcoin trading because that is my secret Grin
I can only tell you that the amount is enough for me and it is a good profit, but I will try to make more profit than now as I see it is a good time to buy and sell bitcoin.
If the bitcoin price can jump higher in the next week, the other profit will come to me as I already bought bitcoin at a low price yesterday.
But if the price decline to go up, maybe I need to be more patient to wait for the price is back to the higher price.
I am sure the price will increase again, and that day will not take too long from now on.
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January 24, 2021, 10:58:58 PM
Last edit: January 25, 2021, 11:28:48 PM by seleme
 #56

The best R:R ratio was on the last bull market which happened during the 2017-18 market season, I have made a nice amount and move to another city. The best part of online trading is to be able to travel while making money with the laptop but there are many disadvantages of this "profession". The profit and loss ratio can not stay forever in the comfort zone, so better to cash out losses quickly and let the winners go.


Things are going back to March 13, 2020, the second day of the 312 crash. I personally watched Bitcoin fall to 3,800 U.S. dollars, which is a few hundred U.S. dollars per second. I was shocked, because in my trading history , I’ve never seen the btc so low before, not to mention that there are only two months left before the 512 reduction
The start of 2020 was a year of panic for all bitcoin owners, as they were devastated to see bitcoin drop below $ 5k. but now bitcoin has bounced back and is at a price above $ 30k this is very surprising and this might be an impressive bitcoin journey so far,
Therefore, when you have a lot of money when the price of bitcoin is still cheap, like what happened a few months ago when the price of bitcoin touched a price below $ 6,000 it is the best opportunity to buy a very large amount of bitcoin, whereas the current price of bitcoin it's too expensive so this is not the right time to get into bitcoin, wait until the price collapses to buy bitcoin again.
For rich guys, it is never early or late. Change the perspective and look at the market out of the box. There is no high or low price and there is no cheap/expensive price also. The big hedge funds and rich retail investors can buy the same quantities around $45k price and wait for the next tripled price in order to make the same profit with buying at $6k and selling $40k plus.

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January 25, 2021, 04:17:32 AM
 #57

I just started my trading journey this year I've not really earn much, I feel motivated by the experiences of some traders here, I hope to earn profits having devoted many years in learning and came up with my own trading strategy which is based on daily trading with a higher reward to risk ratio coupled with a fixed stop loss and take profit, I knew that trading is a highly risk venture but I am equal to the task having made some some profits with few losses.
As long as you know that those people who waited this long to become a great trader and made so much money used their experience and study in trading, you will be fine. There are some newbies unlike you who go out there and try to make money right away in a day and rush their profit but that is not how it works, you have to be patient about it and you do seem like you are patient and you don't rush profits so you are on the right path.

I have been in trading for over 5 years and I don't know how much I made, it must be something decent I hope Cheesy. But I really do not have exact number, however I can say that I have traded in all kinds of different ways, there is never one correct way to trade because all of the things we have are great trading material and you can use all those tools to create different strategies and methods all the time to make a brand new one.

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seramania
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January 25, 2021, 10:48:27 PM
 #58


Things are going back to March 13, 2020, the second day of the 312 crash. I personally watched Bitcoin fall to 3,800 U.S. dollars, which is a few hundred U.S. dollars per second. I was shocked, because in my trading history , I’ve never seen the btc so low before, not to mention that there are only two months left before the 512 reduction
that's a natural thing for bitcoin, because the crypto market definitely has an up and down trend. stay positive if bitcoin is at a low price. perhaps the best way is to buy bitcoin and hold it. it would be better than having to watch without taking any action

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AakZaki
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January 26, 2021, 06:02:59 PM
 #59

that's a natural thing for bitcoin, because the crypto market definitely has an up and down trend. stay positive if bitcoin is at a low price. perhaps the best way is to buy bitcoin and hold it. it would be better than having to watch without taking any action
before buying and storing it, you also have to know when to buy and store it. Do not buy at the price of ATH or the highest price, because it will be very painful. ATH at the end of 2017 alone was able to penetrate again in 2020 and it took approximately 2 years. Buying and saving at the lowest price will give you profit and peace of mind. Never get stuck with FOMO.
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January 26, 2021, 10:54:48 PM
 #60

That is a huge opportunity, to be honest.

Just imagine the price is at $3K or $4k and now we are seeing the price at $30K. It is more than 10x the time you've invested and if you have that amount to invest, that is just massive. Still, I don't say that people could get that timing right since the market is very unpredictable. I am just saying how big that profit would be if that timing is right.
Fortunately you do not need to have perfect timing, even if you happened to invest when the price was close to the 10k level that could have given you profits of 3x or even 4x, the problem is that people do not understand how markets work, they see the price going up and they buy because of FOMO, they do not seem to get that massive profits are made when you buy after a big crash, you may have to need to wait for years to see significant profits but if you do you could improve your life significantly with just that one trade.

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