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Author Topic: How to earn some profit trading BTC  (Read 709 times)
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June 01, 2021, 09:02:56 PM
 #41

Engagement in Bitcoin specially when it comes into trading is a good thing to do but the toughest thing to be done due to its high volatility on which you will be tested on how you can be able to maintain, make it grow and of course earn profit from it as well. There is no standard way that is 100% accurate about earning profit with Bitcoin through trading which is the main struggle of traders that have engagement on it that causes for different strategies and approach from traders to arise depending upon the situation on which they think will be suitable and that can make them earn profit by that way.

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June 01, 2021, 10:41:22 PM
 #42

The fact that trading isn't that just easy way of making money, in OP video might coincidence of something you've got lucky and I'm sure, you will not consistently have the same result in trading.  Because others think that trading is a sort of gambling but with low risk if you know the technical and fundamental stuff.

OP should give a better output on how OP does it, something like a technical analysis explanation that shows proof of having accurate prediction, and in that case, it might there are a few members here who will follow his steps.  In another case, it seems you have entered into a pump and dump group which is a very risky thing and might soon put you in the trap to their own benefits, it's better to stop while it's early.

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June 01, 2021, 11:03:43 PM
 #43

I really appreciate the effort made by OP however, if we do it now nothing could assure that the results will be the same. Even we do the copy trading, it all comes with different output as it always depends on the market trend. If that works on you OP, just keep it and continue doing that. It might give help but I have to do my own and discover strategies that could be more effective than what I use before. As the market becomes more volatile, the more we have to be careful and make decisions wisely.

R


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June 01, 2021, 11:23:19 PM
 #44

I really appreciate the effort made by OP however, if we do it now nothing could assure that the results will be the same. Even we do the copy trading, it all comes with different output as it always depends on the market trend. If that works on you OP, just keep it and continue doing that. It might give help but I have to do my own and discover strategies that could be more effective than what I use before. As the market becomes more volatile, the more we have to be careful and make decisions wisely.
I totally agree with you, trading has trends and fundamentals. Market movements can suddenly have a positive trend and suddenly can also be a direct negative trend which results in falling too deep. Maybe 3 months ago the trend was positive because there were encouraging fundamentals like Tesla accepting payments with bitcoin, but now the market is crying. In trading it is not that easy to be careful and there are no guarantees in trading even if you follow other people's strategies.
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June 01, 2021, 11:52:25 PM
 #45

Particularly one of the ways to earn with BTC is by trading, many are dedicated to scalping, others simply put a position in LONG and the other defend it with a leveraged SHORT, this is a practice that comes from the 1800s, Jesse Livermore applied it, currently very few traders do it because it gives good results only when very high amounts are handled, it is similar to scalping.

The advantage of this strategy is that it is always in the market, if on the one hand it loses on the other it is recovering and there is the possibility that it will come out with a positive balance, although the strategy is very risky, many traders dedicate themselves to this practice.

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June 02, 2021, 03:28:03 AM
 #46

I really appreciate the effort made by OP however, if we do it now nothing could assure that the results will be the same. Even we do the copy trading, it all comes with different output as it always depends on the market trend. If that works on you OP, just keep it and continue doing that. It might give help but I have to do my own and discover strategies that could be more effective than what I use before. As the market becomes more volatile, the more we have to be careful and make decisions wisely.
I totally agree with you, trading has trends and fundamentals. Market movements can suddenly have a positive trend and suddenly can also be a direct negative trend which results in falling too deep. Maybe 3 months ago the trend was positive because there were encouraging fundamentals like Tesla accepting payments with bitcoin, but now the market is crying. In trading it is not that easy to be careful and there are no guarantees in trading even if you follow other people's strategies.
especially in the crypto market, where news is still dominant in influencing market behavior. On the one hand, it is easy for fomo or fud to occur. therefore we must be careful and not greedy in taking profits. at this time maybe we can look for a buy area, and release it when the price goes up, but don't hold it for too long, because the price can drop drastically at any time

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June 02, 2021, 06:21:35 AM
 #47

Particularly one of the ways to earn with BTC is by trading, many are dedicated to scalping, others simply put a position in LONG and the other defend it with a leveraged SHORT, this is a practice that comes from the 1800s, Jesse Livermore applied it, currently very few traders do it because it gives good results only when very high amounts are handled, it is similar to scalping.

The advantage of this strategy is that it is always in the market, if on the one hand it loses on the other it is recovering and there is the possibility that it will come out with a positive balance, although the strategy is very risky, many traders dedicate themselves to this practice.

There is only one strategy that it finds more effective to me and that is to buy low, Hold, sell high...and there is one thing that we need to apply, knows how to control our emotions and stick to the plan.

A lot of traders become unconscious because of so many trading strategies we found online, and they insisted that it really works on their side but how about our side. It found to be different depending on the market status and most likely, it won't work all the time as this promoter has said.

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June 02, 2021, 09:38:13 AM
 #48

I really appreciate the effort made by OP however, if we do it now nothing could assure that the results will be the same. Even we do the copy trading, it all comes with different output as it always depends on the market trend. If that works on you OP, just keep it and continue doing that. It might give help but I have to do my own and discover strategies that could be more effective than what I use before. As the market becomes more volatile, the more we have to be careful and make decisions wisely.
I totally agree with you, trading has trends and fundamentals. Market movements can suddenly have a positive trend and suddenly can also be a direct negative trend which results in falling too deep. Maybe 3 months ago the trend was positive because there were encouraging fundamentals like Tesla accepting payments with bitcoin, but now the market is crying. In trading it is not that easy to be careful and there are no guarantees in trading even if you follow other people's strategies.
especially in the crypto market, where news is still dominant in influencing market behavior. On the one hand, it is easy for fomo or fud to occur. therefore we must be careful and not greedy in taking profits. at this time maybe we can look for a buy area, and release it when the price goes up, but don't hold it for too long, because the price can drop drastically at any time
The news can not hold the price at the lower price forever because if the bitcoin price increases, it will still increase and the news will be behind that without giving much effect. The news can release to make people panic, but if you can prepare yourself, you do not need to worry and panic because you will have a way to prevent the loss that might happen to you. Carefully and not greedy is a good suggestion to make you know that after you take profit, you need to calm down and wait for what will happen next.

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June 02, 2021, 01:33:11 PM
 #49

~

The news can not hold the price at the lower price forever because if the bitcoin price increases, it will still increase and the news will be behind that without giving much effect. The news can release to make people panic, but if you can prepare yourself, you do not need to worry and panic because you will have a way to prevent the loss that might happen to you. Carefully and not greedy is a good suggestion to make you know that after you take profit, you need to calm down and wait for what will happen next.
We care to listen to some news but of course, we have to analyze it so well and think wisely if that can be legit or just a FUD. Because some whales use this thing in order to manipulate the market and also the mind of the people. And whoever fallen into this trap, will certainly have to regret it.
And talking about greediness, I think we all have it. Yeah, I did as it helps me to motivate myself but I tried not to be too greedy, coz I know what will happen to me in the end.


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June 02, 2021, 02:46:13 PM
 #50

We care to listen to some news but of course, we have to analyze it so well and think wisely if that can be legit or just a FUD
-snip-
The problem here is that the market doesn't care much if you personally think it's FUD or not. As soon as false reports circulate, e.g. on Twitter, traders and especially weak hands react immediately and sell their coins, either to buy cheap again or out of panic.

This usually happens immediately after the publication of the news, so you have to have a huge portion of luck to catch the news immediately. Whales play with these news of course and also have the possibilities to push them specifically - see the 3 year old news that China wants to ban Cryptos. The "news" referred to the fact that the guidelines were only renewed, but it was "sold" as if this was complete news. The news triggered a price drop, the second shortly after Musk's tweet. Coincidence? I don't think so.

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June 02, 2021, 03:34:18 PM
 #51

There are different ways to earn in cryptocurrency or the Bitcoin itself but there's no accurate 100 percent you can earn. Trading bitcoin just a two factor for me one is to make short trading join the ride of the market volatility of having a long or short position the other one is the long term trading requires holding up your coin until you satisfied with your profit

Dude it doesn't have to be Bitcoin. You have the same non guarantees in any industry. Trading, like gambling, is only profitable if you are the house (or you are the broker charging management fees to your clients whose assets you are managing).

Trust me, there are many traders showing off now but this is the BULL market. Any fool can make money.

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June 02, 2021, 08:20:22 PM
 #52

The overbaught/oversold strategy is pretty well known and i have tried it with things other than bitcoin and crypto like major currency pairs, and for the most part it works under certain conditions like no major news affecting it, but like any trading strategy it is not 100% fail proof plus you need to take into account the limits of how much you can invest and how far the site allows you to go with the trade, so my advice would to use this strategy alongside other indicators in order to determine the entry and exit point.
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June 03, 2021, 02:35:47 AM
 #53

~

The news can not hold the price at the lower price forever because if the bitcoin price increases, it will still increase and the news will be behind that without giving much effect. The news can release to make people panic, but if you can prepare yourself, you do not need to worry and panic because you will have a way to prevent the loss that might happen to you. Carefully and not greedy is a good suggestion to make you know that after you take profit, you need to calm down and wait for what will happen next.
We care to listen to some news but of course, we have to analyze it so well and think wisely if that can be legit or just a FUD. Because some whales use this thing in order to manipulate the market and also the mind of the people. And whoever fallen into this trap, will certainly have to regret it.
And talking about greediness, I think we all have it. Yeah, I did as it helps me to motivate myself but I tried not to be too greedy, coz I know what will happen to me in the end.
They can use the news to analyze the market movement because sometimes, they're a sign that we can get and know where the market will move. Some whales like to make the market panic and give them a shock for their heart, so we need to prepare for anything. The people who fall into the whale trap do not analyze the market and just follow it and regret it.

As long as we can control the greediness, we will be okay. Maybe we need to have a target profit or percentage that we should take so when the price moves to our target price, and we can close the target. By doing that and with practice to control the greed, I am sure we can know when to leave the market.

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June 03, 2021, 04:13:46 AM
 #54

~

The news can not hold the price at the lower price forever because if the bitcoin price increases, it will still increase and the news will be behind that without giving much effect. The news can release to make people panic, but if you can prepare yourself, you do not need to worry and panic because you will have a way to prevent the loss that might happen to you. Carefully and not greedy is a good suggestion to make you know that after you take profit, you need to calm down and wait for what will happen next.
We care to listen to some news but of course, we have to analyze it so well and think wisely if that can be legit or just a FUD. Because some whales use this thing in order to manipulate the market and also the mind of the people. And whoever fallen into this trap, will certainly have to regret it.
And talking about greediness, I think we all have it. Yeah, I did as it helps me to motivate myself but I tried not to be too greedy, coz I know what will happen to me in the end.
They can use the news to analyze the market movement because sometimes, they're a sign that we can get and know where the market will move. Some whales like to make the market panic and give them a shock for their heart, so we need to prepare for anything. The people who fall into the whale trap do not analyze the market and just follow it and regret it.

As long as we can control the greediness, we will be okay. Maybe we need to have a target profit or percentage that we should take so when the price moves to our target price, and we can close the target. By doing that and with practice to control the greed, I am sure we can know when to leave the market.
In the cryptocurrency market, news about crypto seems to hypnotize traders to make the same movement. therefore we are looking for support to buy and take a little profit. indeed this seems easy, but if we practice, of course it is not that easy. therefore experience in trading is needed

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June 03, 2021, 04:19:58 AM
 #55

I really appreciate the effort made by OP however, if we do it now nothing could assure that the results will be the same. Even we do the copy trading, it all comes with different output as it always depends on the market trend. If that works on you OP, just keep it and continue doing that. It might give help but I have to do my own and discover strategies that could be more effective than what I use before. As the market becomes more volatile, the more we have to be careful and make decisions wisely.
Well, if it is a copy trade then probably it will yield the same result, the only factor that changes is how much money you have in your account compared to the person that you are copying the trade with. Making your own strategy is good but at the least be open to other ideas because they can help you create an amalgamation that might work just for you.

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June 03, 2021, 05:35:38 AM
 #56

So are people still using ByBit?  Grin   

In any way, you are really pushing it to introduce "newbies" to Leverage trading and I will never recommend "newbies" to start with that type of trading. I will much rather introduce "newbies" to Spot trading, where they will get immediate delivery and where they can trade with lower risk. (debt trading can be a killer)  Tongue

In any way, your strategy will be best suited to a more experience Spot trader, than wants to dip his toes into something new and with a slightly higher risk.  Grin

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June 03, 2021, 11:06:18 AM
 #57

Particularly one of the ways to earn with BTC is by trading, many are dedicated to scalping, others simply put a position in LONG and the other defend it with a leveraged SHORT, this is a practice that comes from the 1800s, Jesse Livermore applied it, currently very few traders do it because it gives good results only when very high amounts are handled, it is similar to scalping.

The advantage of this strategy is that it is always in the market, if on the one hand it loses on the other it is recovering and there is the possibility that it will come out with a positive balance, although the strategy is very risky, many traders dedicate themselves to this practice.


Jesse Livermore broke one of his rules - not to exceed the permissible risk, which resulted in not only a complete loss of his funds, but also pushed him to suicide. Despite the trading rules he developed, he still remains a loser for many, and for this reason, few traders use such trading tactics.

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..BUY/ SELL CRYPTO..
xSkylarx
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June 03, 2021, 12:20:21 PM
 #58

I recorded this video to showcase the best, most simple method for earning some quick profit whilest trading BTC.

https://www.youtube.com/watch?v=UgdJVz3ZTmE

This video won't help anyone that wants to trade bitcoin and earn from it. It is not even recommended for newbie to try it because it was leverage trading. You need a "not so small" capital if you are going to try it or else you will likely get liquidated. He just explained how to use the bybit platform, not the fundamentals of trading to make you decide to enter a trade. For newbies, spot trading is the best option because even if you buy at a high price you have nothing to lose as long as you don't sell it. For videos, there are good channels to watch on youtube if you really want to learn trading like Reyner Teo which I've learned.
feelideb
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June 03, 2021, 01:00:25 PM
 #59

The only method that I have worked for me since 2014 was holding bitcoin! When you hold and give yourself some few years before you attempt to re-consider your hold, you will realize that you are already in good profit position. This strategy is very apt for bitcoin trading because bitcoin deflate every four years! All the 'four years' have been succesful so far in terms of price explosion!

onecall123
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June 03, 2021, 01:13:09 PM
 #60

~
They can use the news to analyze the market movement because sometimes, they're a sign that we can get and know where the market will move. Some whales like to make the market panic and give them a shock for their heart, so we need to prepare for anything. The people who fall into the whale trap do not analyze the market and just follow it and regret it.

As long as we can control the greediness, we will be okay. Maybe we need to have a target profit or percentage that we should take so when the price moves to our target price, and we can close the target. By doing that and with practice to control the greed, I am sure we can know when to leave the market.
In the cryptocurrency market, news about crypto seems to hypnotize traders to make the same movement. therefore we are looking for support to buy and take a little profit. indeed this seems easy, but if we practice, of course it is not that easy. therefore experience in trading is needed
BTC is trusted and dependable so the vast majority are looking on just trading Bitcoin. You have to decide first whether you're searching for long term investment or if you're interested in day trading. Long term is a pretty safe bet for BTC also less stressful way. Therefore profit daily it requires experience and trading knowledge.

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