coiner-88
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Activity: 537
Merit: 10
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February 08, 2021, 05:52:37 PM |
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I'm not a speculator however. Recollect you haven't really brought in any cash until you have changed out. It took me about a year to sort out the bitcoin was anything but a sham trick, and afterward a ton of time to figure out how not to exchange bitcoin. I possibly began to bring in cash exchanging bitcoin when I ran out of approaches to not lose cash exchanging bitcoin.
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dunfida
Legendary
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Activity: 3234
Merit: 1157
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February 08, 2021, 10:10:25 PM |
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the profit obtained from bitcoin trading depends on the capital I use and of course it depends on the price movements at the exchange like what, when the price movement is fast, the profit you get will also be a lot even with small capital, if you use a lot of capital and the price movement increases then you can get more profit.
It would be mainly affected by Capital amount, Trading position and decisions neither you do sell or buy and also with that emotional kind of trading where emotion do play a big role.Asking out on how much did i make with trading specially with Bitcoin? I cant put any numbers because ive been trading already for several years. I do win some i do lose some which is inevitable but im sure im on the positive side because if i do stay up on negative then i might have already stopped trading wayback into those years.
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sayaya17
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February 08, 2021, 11:59:27 PM |
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Make much profit or not in bitcoin trading depends on the situation and conditions. When bitcoin is at such a cheap price as $3800 in March 2020, then if someone buys at that time and sells it at $38000 today, it already makes a lot of bitcoins. Unfortunately I didn’t make that much bitcoin, bought it at $3800 and sold it at $38000. If you’re among them, it’s luck.
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el kaka22
Legendary
Offline
Activity: 3668
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
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February 09, 2021, 06:44:34 PM |
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Make much profit or not in bitcoin trading depends on the situation and conditions. When bitcoin is at such a cheap price as $3800 in March 2020, then if someone buys at that time and sells it at $38000 today, it already makes a lot of bitcoins. Unfortunately I didn’t make that much bitcoin, bought it at $3800 and sold it at $38000. If you’re among them, it’s luck.
It is not always about luck, it is all about knowing when bitcoin crashes and it is not something that should crash. The "luck" part is to keep holding but that should always be the case for everyone, so this is basically just a common sense and not luck at all. Why common sense? When in 2020 march bitcoin price reached to 4k, I said it shouldn't be 4k, we all know that bitcoin worths a lot more than that, it started the year at 7k and reached to 9k+ levels and I thought if I bought at 4k and sold at 8k I would double my money, it was seriously obvious to everyone who has been around that bitcoin wouldn't stay at around 4k, and it didn't for too long neither, jumped over 5k very quickly, maybe just 24 hours later. I bought at a decent price and I have been buying ever since, and price reached 45k+ as well, why didn't I sell? Because I believe in the fact that as long as you do not need the money urgently, you should always keep it invested.
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Atek33
Jr. Member
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Activity: 462
Merit: 1
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February 10, 2021, 04:36:44 AM |
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Of course I used to work with Bitcoin when the price of Bitcoin was between 5000 to 10,000 $ then I must have traded and traded other currencies with Bitcoin then I got some profit. What Bitcoin was then I was able to earn some money by trading and I was able to earn a good amount by trading some coins
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bitterguy28
Full Member
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Activity: 2142
Merit: 182
Reward: 10M Shen (Approx. 5000 BNB) Bounty
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February 10, 2021, 05:29:46 AM |
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I don't literally trade Bitcoin so i cannot answer this completely because i use my Bitcoin for long term Holding , yeah i had sold some back but this is to Buy more again once the price decreases.
I uses Altcoin from trading when i trade in the past but now i must admit that trading was not for me as i continues losing lol.
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kaeluxdeuz
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February 10, 2021, 05:41:16 PM |
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Why trade when you can hold and take out the big ones.
Especially day-trading during this bull market, maybe is not so essential.
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South Park
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February 10, 2021, 11:13:41 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. Which is precisely why trading and investing is a long term game, people are looking to make tremendous profits in just a week or a month but truth be told if you can make something like 5% monthly it means you are in a stupendous situation, the only thing that you need to do is to keep adding capital to your account and over the years and the decades you will make a lot money and you will do so in a way that will not put your current capital at a very high risk like many newbies do.
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AliMan
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February 10, 2021, 11:31:43 PM |
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Last few days I was able to gain around $200 with my old coins which I hold for a year, due to less valued project. Somehow an opportunity came this year and given me enough profit to be used for my expenses. Definitely, this is a great help and it accommodated the budget for my family and fortunately that money used already for the surgery of my eldest son's keloid. Trading with bitcoin is really hard these days specially when you're just doing bounty, but still thankful for being sustainable.
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jaberwock
Legendary
Offline
Activity: 2702
Merit: 1127
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February 11, 2021, 03:51:50 PM |
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Last few days I was able to gain around $200 with my old coins which I hold for a year, due to less valued project. Somehow an opportunity came this year and given me enough profit to be used for my expenses. Definitely, this is a great help and it accommodated the budget for my family and fortunately that money used already for the surgery of my eldest son's keloid. Trading with bitcoin is really hard these days specially when you're just doing bounty, but still thankful for being sustainable.
There are so many coins that gained money this year because of the alt season that coins that has been dormant and didn't increase a lot for years suddenly started to make money again, I really like the alt season because of that, many useless and very tiny worth coins suddenly start to make a profit. I am in the same situation as well, I didn't make a huge return, but I had about 230 dollars worth of useless coins, I had a lot of them so when they combined made into 230 dollars but individually none of them are bigger than 50 bucks (used to). However today I checked them and they suddenly worth nearly 560 dollars now, that is double and I am quite happy about it. I guess it is a proof that if we end up waiting for coins to make a profit, even if it takes years to reach there, eventually all of them goes up (except few dead ones) and that is really cool, I am going to keep waiting on them to see what they are going to be like in 5-10 years.
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barbara44
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February 13, 2021, 04:05:55 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
I didn’t trade anything this year, I was just holding it. Though my reason for not trading is because I’m rarely getting the chance as of recent and have been really occupied to have that kind of time, the only thing is try to keep up with trends and checking the price chart when I can to know where the market might possibly be heading to as the next move. So, what I have just done is hold and it has been a success and perfect. The price has really gone big and the profit I have seen it more than double of what I have invested. I am still yet to decide whether to start selling, because some people have been saying we might reach 50,000 USD next.
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isaac_clarke22
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February 13, 2021, 04:30:10 PM |
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~
I didn’t trade anything this year, I was just holding it. Though my reason for not trading is because I’m rarely getting the chance as of recent and have been really occupied to have that kind of time, the only thing is try to keep up with trends and checking the price chart when I can to know where the market might possibly be heading to as the next move. So, what I have just done is hold and it has been a success and perfect. The price has really gone big and the profit I have seen it more than double of what I have invested. I am still yet to decide whether to start selling, because some people have been saying we might reach 50,000 USD next. Oh hey there. We're on the same boat actually . Actually in my case, I stopped trading at all and am just leaning tiny bit to get back to it but it just doesn't hit me that I should really trade right now. I just kept holding since I am focused more into earning from freelancing, wherein it is outside crypto and haven't got that much time to do my trading. Time's pretty rough right now for us busy bees to do trades , huh?
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Issa56
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February 16, 2021, 11:57:32 PM |
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When the Covid 19 pandemic started I stopped trading due to crash in bitcoin price, I entered the market few months later which bitcoin price was around $10k since then have been following bitcoin price and I believe bitcoin is going to pump well. Since then I started using all my money to buy bitcoin and I told all my friends to also buy bitcoin some where scared why some decided to join me in buying bitcoin. Since then bitcoin have been increasing rapidly and see bitcoin price currently, lot's of people have been regret why dey did now buy bitcoin when it was late. But currently bitcoin price is still very low to enter if you think you want to make lot's of money with bitcoin you can still buy bitcoin now and hold, because bitcoin won't be seen in the pricey range again in the next few monts so buy your bitcoin now and make your profit later.
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South Park
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February 17, 2021, 05:52:43 AM |
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I didn’t trade anything this year, I was just holding it. Though my reason for not trading is because I’m rarely getting the chance as of recent and have been really occupied to have that kind of time, the only thing is try to keep up with trends and checking the price chart when I can to know where the market might possibly be heading to as the next move.
So, what I have just done is hold and it has been a success and perfect. The price has really gone big and the profit I have seen it more than double of what I have invested. I am still yet to decide whether to start selling, because some people have been saying we might reach 50,000 USD next.
Oh hey there. We're on the same boat actually . Actually in my case, I stopped trading at all and am just leaning tiny bit to get back to it but it just doesn't hit me that I should really trade right now. I just kept holding since I am focused more into earning from freelancing, wherein it is outside crypto and haven't got that much time to do my trading. Time's pretty rough right now for us busy bees to do trades , huh? That is without a doubt one of the greatest advantages that investing has over trading, if you want to trade you have no option but to sit down and stare down at the screen and see if you find a good opportunity to make money, there is no way around it, unless you are able to code your own bot, but when it comes to investing you can select a coin that has very strong fundamentals, like bitcoin, and then remain invested in that coin and just check the price once in a while to see what's happening, and if you see that something important is happening then you can keep a more close look to the market during that time frame, but still the time investment is way lower than what you will have to do with trading and that is a plus for those that are very busy like you.
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arifteguhr
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February 17, 2021, 06:16:11 AM |
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During the past 1 year I have made great profits from my investment. well remember when March I was stressed because of the pandemic and also the decline in bitcoin was quite large at that time. I have uninstalled the whole market and forgot about my assets. to the point where I remained patient in August and last December I benefited from my patience. I at that time got a profit of up to 400% of the capital that I spent. Remember hold is the key to trading long term and be patient
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freed.james33
Newbie
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Activity: 14
Merit: 0
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February 17, 2021, 10:35:16 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
If you're being impatient on your Bitcoin investment you'll do a short trading/day trading which I think is not that profitable compared to long trading/holding but it really depends on the person and how good he/she is on handling investments. FUD is really a patience killer so better DYOR (do your own research) at all times.
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Julien_Olynpic
Legendary
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Activity: 2590
Merit: 3530
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February 17, 2021, 05:50:44 PM |
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As practice shows, there is absolutely no need to trade bitcoin. It is enough just to keep it in a cold wallet. Nothing else is needed. Yes, we had a long 2018-2020 bearish period, but that period is over. You could just wait it out. And get out of it without loss. People who have traded bitcoin have the most common loss of bitcoin. On the other hand, they have gained invaluable experience. And this experience is difficult to acquire without trading.
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redsun114
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February 19, 2021, 03:56:45 PM |
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During the past 1 year I have made great profits from my investment. well remember when March I was stressed because of the pandemic and also the decline in bitcoin was quite large at that time. I have uninstalled the whole market and forgot about my assets. to the point where I remained patient in August and last December I benefited from my patience. I at that time got a profit of up to 400% of the capital that I spent. Remember hold is the key to trading long term and be patient
It is amazing you managed to hold on because I saw even the most patient and stable traders panicking during that time when market collapsed which I believe was due to the plus-token scam that happened in those times. I think corona virus had nothing to do with bitcoin market crashing and in fact there were news that eruption in the digital payments would actually help Bitcoins. People who held in that times were the real investors I would say and Bitcoin paid them off handsomely late last year and continues to pay now as BTC crosses $50k. I just hope the story you told us is true because when I visited your profile's trust page it looked like you do make some bad comments and some useless ones. Anyways if you actually held on and made 400% profits, congratulations to you and glad you managed to hold on. I never held too much at any point of time but I never panicked either and all my profits from trading have been through sharp buying of tokens like a new token gets listed on Binance like 1inch recently, then I will buy some and when the price rises which it usually does, I cash my coins.
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SirLancelot
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February 20, 2021, 03:34:50 PM |
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If you're being impatient on your Bitcoin investment you'll do a short trading/day trading which I think is not that profitable compared to long trading/holding but it really depends on the person and how good he/she is on handling investments. FUD is really a patience killer so better DYOR (do your own research) at all times.
I do not think selling is a bad option if you actually buy once again when the price goes down because some traders do not have big capital and the best chance for them to earn is by selling and buying bitcoins frequently which gives them profit and once the capital is big enough maybe you can just buy bitcoins and become an investor. I saw some traders turn into investors but it requires some solid capital first. we had a long 2018-2020 bearish period, but that period is over. You could just wait it out. And get out of it without loss. People who have traded bitcoin have the most common loss of bitcoin. On the other hand, they have gained invaluable experience. And this experience is difficult to acquire without trading.
As someone who has seen adverse and joyous times, I can easily tell you that when times are good its easy to advice and suggest things but when the market was breaking everyone was trash talking for bitcoin and it was not easy to stick with the coin you had. You will see once a bear run starts there will be some negativity again despite no fundamental changes in bitcoins.
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franco123
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February 20, 2021, 09:08:00 PM |
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For me, it is a question of how much I should've made in Bitcoin...
I was already interested in this way back in 2016. I was already hearing it before but a friend of mine in college explained it further and convinced me to start investing in it. I did some little research and I was still skeptical even when I had my first cash in to Bitcoin. With that, my investment from then grew and I even used it for trading. And the only problem I had with it now is that I did not invest more. My huge percentage profit should've made me more money if I invested more.
But that's how the trading life is I guess. You will never now when the price will spike and when it will crash. But with proper research and studies, you can manage the risk and be able to make more money with it.
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