RealMalatesta
Legendary
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Activity: 2380
Merit: 1142
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January 28, 2021, 11:12:59 AM |
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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.
You could make massive profits even after you buy at huge prices, all it takes is waiting for a long time. People who bought at 20k during peak of 2017 and sold at 40k recently have made over x2 profits recently, that means if you waited for 3 years you could have made over x2 return and that is good for 3 year investment if you ask me, most other things do not give that much return. So people who bought at 10k made x4 but that was quick, even the high peak ATH buyers made x2 so that tells you how you could profit at all times. Its 30k or so right now for example, if you buy from here which is a HUGE price, you could still make x2 when its 60k and I am sure that will happen too.
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AjithBtc
Sr. Member
Offline
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
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January 28, 2021, 12:15:57 PM |
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The very first trading of crypto was done with bounty rewards. I kept hold of the received tokens for about three months time. Once after that it got listed on an exchange. I started to trade against bitcoin. Selling all the tokens I received about 0.12 btc. Further I don't have much knowledge, but I went for the buying of the tokens again. This time I made a sell order for 0.21 btc. This is the profit I made out of trading. Further on I wasn't able to concentrate on it for different reasons.
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Noctis Connor
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January 28, 2021, 12:21:53 PM |
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For me i can tell that it can provide my whole expenses every month also that can support my daily needs and other but if really do have a good time to good there's always a good profit that i always hold the same way because this is the best way for me and i know for other's always that you can make a good profit is just by holding bitcoin , i started trading with following my guts because if you are having doubt then you should not risking your money into it. The best way is to watch youtube and research to learn every time you want something.
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jostorres
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January 28, 2021, 04:10:29 PM |
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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.
I am glad you are able to do it because with me I am stuck when to sell because when it reached 40k I was like maybe I should wait for 45k and when it dropped to 30k I feeling like at least 35k is the minimum when I will sell. I am always in the dilemma and miss these chances but overall happy with my savings and no remorse. 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.
Right but how much profit did you made? I am always excited to see the numbers and how people are doing and compare to myself. I have not been able to do much in terms of profit but I managed to buy some when the price was around 12k and it was more an accident than strategy as I had to pay someone and he asked for Bitcoins, later he denied the job which we agreed and I was left with Bitcoins in hand and now I am so happy he didn't took them .
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DarkDays
Legendary
Offline
Activity: 2030
Merit: 1189
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January 28, 2021, 04:20:51 PM |
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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. The strategy of buying low is one everybody looks out for. the difficulty, of course, is when is the right time to buy, is the new low 25K or will it drop even more. Not knowing how low the price could go puts everybody in a bad position, nobody knows if BTC will ever go under 20K. I sympathize with those who want to buy in and just can't get that 'right' moment down as it is difficult to know when it is a good time to enter the market. Though, that's the stress that comes with crypto, if you know what I mean
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laredo7mm
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January 28, 2021, 06:59:11 PM |
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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 best idea is the dollar-cost average. I personally think that BTC has no upper limits and I could go as high as whales and large investors want it to be. So the early you take entry the better it will be. So if the market goes down from your buying price then you could buy more and more btc and increase your portfolio. After 6 months you will see your average buying price is much much lower than before.
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South Park
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January 31, 2021, 07:41:38 PM |
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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.
You could make massive profits even after you buy at huge prices, all it takes is waiting for a long time. People who bought at 20k during peak of 2017 and sold at 40k recently have made over x2 profits recently, that means if you waited for 3 years you could have made over x2 return and that is good for 3 year investment if you ask me, most other things do not give that much return. So people who bought at 10k made x4 but that was quick, even the high peak ATH buyers made x2 so that tells you how you could profit at all times. Its 30k or so right now for example, if you buy from here which is a HUGE price, you could still make x2 when its 60k and I am sure that will happen too. True, however we need to be honest buying at the top of the bubble of 2017 and keep holding those coins to obtain 100% profits while possible it was almost impossible for most traders and investors out there, which is why I think it is way better to wait for a crash in the market and then use your money to buy at that point as that is when you can get the most bitcoin for your fiat and it will be very easy to hold as most likely a correction will follow the crash and you will be in profit for as long as you hold your coins.
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Ryker1
Sr. Member
Offline
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
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January 31, 2021, 10:50:28 PM |
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Well, I tried one time in trading and I gained a small percentage of the profit. But that is, for now, I stopped trading because I have some priorities. Trading is not an easy task, you need to maintain your knowledge in trading, perhaps those who had a big capital will play the market very well. For now, I preferred long term trading, not the short term because I know it is very risky. If I estimate the amount that I gained in trading, it is good enough and I will not regret that I enter this crypto trading space.
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Japinat
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January 31, 2021, 11:09:32 PM |
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Well, I tried one time in trading and I gained a small percentage of the profit. But that is, for now, I stopped trading because I have some priorities. Trading is not an easy task, you need to maintain your knowledge in trading, perhaps those who had a big capital will play the market very well. For now, I preferred long term trading, not the short term because I know it is very risky. If I estimate the amount that I gained in trading, it is good enough and I will not regret that I enter this crypto trading space.
Indeed, if you have no focus on this job, you will surely end up losing. "Lack of time" is a common reason why so many traders had failed. I often do trading also but not much it gives back to me as I only spend a few in trading as I have an office job to do. I do usually put trades after the office hour but sometimes I get tired and it affects my decision making wherein it gives me only losses due to mistakes. This is to realize that we need to have a clear mind before doing this otherwise, losing is what we've got.
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South Park
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February 05, 2021, 04:47:04 AM |
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Well, I tried one time in trading and I gained a small percentage of the profit. But that is, for now, I stopped trading because I have some priorities. Trading is not an easy task, you need to maintain your knowledge in trading, perhaps those who had a big capital will play the market very well. For now, I preferred long term trading, not the short term because I know it is very risky. If I estimate the amount that I gained in trading, it is good enough and I will not regret that I enter this crypto trading space.
The size of your capital has nothing to do with your skill, the size of your capital will have an effect in the sense that you can make more mistakes before you begin to be hurt by your losses but that is it, no amount is big enough to protect you from your mistakes, which is why you need to learn all what you can about trading before you even begin in order to avoid making silly mistakes that could be incredibly costly, and yet we see the opposite with newbies entering the market with almost no knowledge and losing everything relatively quickly.
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redsun114
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February 05, 2021, 04:33:14 PM |
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The size of your capital has nothing to do with your skill, the size of your capital will have an effect in the sense that you can make more mistakes before you begin to be hurt by your losses but that is it, no amount is big enough to protect you from your mistakes, which is why you need to learn all what you can about trading before you even begin in order to avoid making silly mistakes that could be incredibly costly, and yet we see the opposite with newbies entering the market with almost no knowledge and losing everything relatively quickly.
This is exactly right, if you have a small capital and learn how to trade constantly with it, and try to have a consistently profit and realize that you are doing it the right way, if you learn how to trade with a small capital you may not end up with a huge amount of profit because your capital is low, but you will realize that you are a great trader if you do it long enough. After that you could keep trying to put more and more money into your crypto account and try to trade with more and more money, if you turn 100 dollars into 150 dollars that's great, but if you put another 50 bucks that you saved in there that is even better and you will have 200 bucks. Hence, you turn that 200 dollars into 270 dollars, but you put another 80 bucks in that you saved and now you have 350. Basically keep doing this, both profit from trading/investing and also put money in that you save, and in 10 years you are going to be super rich, even if you start very very small.
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Mistafreeze
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February 06, 2021, 09:58:57 AM |
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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 have made some quick buvks in this volatile btc market. Although I don't have much btc now but I don't want btc ptice to fall as it affects overall market and alts too fall.
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seramania
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February 06, 2021, 03:57:45 PM |
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before bitcoin will fall down and correction I will take advantage of this to trade bitcoin well, I manage trading and have principles. if my profit is not 30% I will not stop and I must apply this to consistently get 30% profit from each trade
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Imran232
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February 06, 2021, 04:18:39 PM |
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Until the profit makes you feels happy. Yes you heared that right you can earning bitcoin that much until you say yes i got enough profit from trading. Because trading is uses for unlimited profit generate in crypto. And trading is like a bitcoin generated machine. But remember machine always is not profitable if we aren't set a decent target. Let me clarify for trading industry you have to set a daily profit goals. And you have to be with your that target. If you see that a day you get loss some. Then leave that day don't take again risk to reach your target. Take some time research more, find your mistakes then again start tomorrow. A new day, new candles chart should be profitable for you. Remember learning from mistakes, finding mistake and solve that mistake is more valueable for your upcoming journey. All the best for a happy and safe trading journey.
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ven7net
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February 06, 2021, 05:29:38 PM |
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I have been working in the crypto market for several years now and I was able to observe both the insane growth of cryptocurrencies and their insane fall. Based on this, I developed a strategy for myself until the end of 2021. This strategy includes the opportunity to take part in various crypto projects for the accumulation of cryptocurrencies, as well as the ability to trade cryptocurrencies to increase the balance of held cryptocurrencies. However, my plan turned out to be difficult to fulfill, since I had to spend most of the profit on life, but despite this, I was able to collect a small amount of cryptocurrency in order to fix the profit at its maximum price point. For me, this moment should come in this year 2021 and I am confident that all my plans and goals will achieve success.
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beerlover
Legendary
Offline
Activity: 3066
Merit: 1188
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February 06, 2021, 06:24:21 PM |
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Making a "profit" during this period is not really the important part, we can do that during bull periods easily and everyone can do it, I have turned my investment 5x higher during the last just 4 months, I can do that more and more commonly as well. The difference is the fact that we are not looking for just making a quick buck and run with it, we need to figure out ways that would make it more consistent, that way we could basically be profiting but also having a better future as well.
I am not planning on making a profit today, I may or may not do that and it wouldn't change too much of my life, in 20 years it will be so forgot that I will not even remember it, but if I can make an income stream for myself that I could earn money for the longer period that would be definitely something I would be fine with and I would definitely be happier about something long term instead of making profit today.
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Rasel5209
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February 07, 2021, 03:48:13 AM |
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I can not make any bitcoin from trade. I losses 1 btc with alt coin. I hardly work now for knowing crypto currency market.
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TinaK
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February 07, 2021, 03:52:20 PM |
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I can not make any bitcoin from trade. I losses 1 btc with alt coin. I hardly work now for knowing crypto currency market.
Every investors lose some money in trading or any other platform. So If you are beginner in trading you can invest small scale and it will satisfy your trade, you can increase your trade limit. Majority of the investors are set the auto trade so it will really help to stop the losses in trading. Many social media is easily guide for trading active result, so you can actively monitor the market you will get good profit. In my personal I never lose my money in trading and I make enough profit in trading.
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FanEagle
Legendary
Offline
Activity: 3052
Merit: 1129
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February 07, 2021, 07:46:27 PM |
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I have been working in the crypto market for several years now and I was able to observe both the insane growth of cryptocurrencies and their insane fall. Based on this, I developed a strategy for myself until the end of 2021. This strategy includes the opportunity to take part in various crypto projects for the accumulation of cryptocurrencies, as well as the ability to trade cryptocurrencies to increase the balance of held cryptocurrencies. However, my plan turned out to be difficult to fulfill, since I had to spend most of the profit on life, but despite this, I was able to collect a small amount of cryptocurrency in order to fix the profit at its maximum price point. For me, this moment should come in this year 2021 and I am confident that all my plans and goals will achieve success.
That is the hardest part of the crypto world and how to increase our profits, the hardest part is that we end up spending money on regular life, and that is why rich people get richer while poor people stay poor. They end up putting millions of dollars into investments and wait for it to get bigger, while also having the best life possible because they can afford to do both, they do not need to sell their investments to keep living the way they do, they can spend 10 million dollars a year on life and 10 million dollars on investment and still have 50 million dollars in liquidity in some bank just in case. I have been around and keep grinding for projects as well, I did translations, I did content writing, I even did a website once even though I am not a developer, at the end of the day I do not have much, just a small amount because ı had to spend on life as well.
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SquallLeonhart
Legendary
Offline
Activity: 2478
Merit: 1102
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February 08, 2021, 04:13:45 PM |
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I have to say I didn't make a lot but I certainly did made a lot of bitcoins over my life, not via trading but working for it, and people are forgetting that it can be made via working and earning bitcoin as well. However I did traded some, and not just bitcoin to dollar and dollar to bitcoin, I didn't do that much at all because I find that boring, however I did traded with bitcoin and alts, I believe there are coins that crash a lot without a good reason and I buy them when they crash, and I wait until they go back to old prices and I sold it, did that few times with all kinds of different coins as well.
If I really trusted Ripple I would have done that XRP as well, because it did went low and SEC has an investigation for them but the reality is that financial crimes get very small punishment so Ripple will get out of it without a problem and they will definitely make a profit from it, but I just do not trust the company as a whole.
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