Is there really a lot of money to be made trading bitcoin?

[BuNga_cute]

Leveraging 10x to short is too risky to me, a mistake will lead to liquidation of the whole portfolio, 3x to 5x is better,. alternative in shorting trades to earn profits however this depends on how experienced a trader is  thus a skillfull trader will make profit consistently irrespective of whether the market is bullish or bearish basically this has to do with proficiency in using both TA and fundamental analysis to predict price movement of course this can never be 100% however with money management such a trader will have edge over the market and make money.

If you are shorting in the cryptocurrency market you need to have balls of steel because no one in the world can predict the price movement unless you are holding billions worth of coins and you are able to influence the market. Technical analysis and fundamental analysis will not fetch you anything meaningful.

I do consider all forms of trading in a highly volatile market as risky, but i personally like to invest during a correction and then wait till the price reaches a target price, it is zero risk and you will have your peace of mind and at the end of the day you can reap a good profit if you are patient.

It is true that being an investor is safer than being a trader, because investors only need to buy Bitcoin and hold until the target is reached.
The risk is almost non-existent, because we only sell when the target is reached, if it has not been achieved we will patiently wait. In contrast
to traders, who must have the right timing to enter and exit the market. It's very risky because if we fail we can lose our money. Being a trader
not only has to have good analytical skills, But we have to be experienced too.

[South Park]

This time the market manipulation made bitcoin hodlers experience a big ath value. Users who cashed out at the right time made good profit out of the market manipulation from the whales which caused the downfall. From the beginning days of the year there is regular price fluctuation which is required for making profit out of trading. I personally found this year is big for traders than hodlers.

Only if Elon Musk didn't play the market we shouldn't be here but I think someone must have been telling him that it's not the right time yet that he suddenly disappear after making profit during bullish price and now, he's back to his shitcoin shilling. I don't think people would trust him in the future but we can't deny that he's actually one of the reason why Bitcoin price reach an ATH.

Anyway, trading during those bullish time especially when the price reached $50k+ is good time for making profit. Hodling is different from trading it might take a long time but you will earn enough profit if you sell during bullish trend.

I think the correction would have come anyway but it would not have been as intense as people would have not panicked as hard, but once Musk began to say all of those bad things about bitcoin people that came here only to make money without any idea of what bitcoin is really about got scared and sold their coins to the whales and other smart investors, however now that the reputation of Musk is so low in this market I doubt he can pull this maneuver again.

[carlfebz2]

This time the market manipulation made bitcoin hodlers experience a big ath value. Users who cashed out at the right time made good profit out of the market manipulation from the whales which caused the downfall. From the beginning days of the year there is regular price fluctuation which is required for making profit out of trading. I personally found this year is big for traders than hodlers.

Only if Elon Musk didn't play the market we shouldn't be here but I think someone must have been telling him that it's not the right time yet that he suddenly disappear after making profit during bullish price and now, he's back to his shitcoin shilling. I don't think people would trust him in the future but we can't deny that he's actually one of the reason why Bitcoin price reach an ATH.

Anyway, trading during those bullish time especially when the price reached $50k+ is good time for making profit. Hodling is different from trading it might take a long time but you will earn enough profit if you sell during bullish trend.

I think the correction would have come anyway but it would not have been as intense as people would have not panicked as hard, but once Musk began to say all of those bad things about bitcoin people that came here only to make money without any idea of what bitcoin is really about got scared and sold their coins to the whales and other smart investors, however now that the reputation of Musk is so low in this market I doubt he can pull this maneuver again.

On the time that someone had really messed up his reputation on this market then those bad impressions would really stick out till the end.The community might have fall earlier but not would be falling on second.

We are already fully aware with his scheme and tactics on where manipulative like kind of actions just for his own benefit.Yes, we cant deny that he's a billionaire and really capable off but once that kind of view
or image that he had built would last out forever.

Back on the topic about making a lot of money in trading? Of course you can but this would differ on each trader since not all would be equally knowledgeable or skillful.

[Wexnident]

It all depends on your performance. Even a street performer would earn money if they were to play wonderfully, what more a trader that knows what he's actually doing right? Even corrections and dumps would be opportunities as long as one actually knows what they are doing. Naturally, even the best traders would lose out though, so losing money from trading isn't anything new. Heck, most traders would consider it as a success if they didn't actually lose, and profits would only come after considering whether they'd even break even or not.

[Kittygalore]

It all depends on your performance. Even a street performer would earn money if they were to play wonderfully, what more a trader that knows what he's actually doing right? Even corrections and dumps would be opportunities as long as one actually knows what they are doing. Naturally, even the best traders would lose out though, so losing money from trading isn't anything new. Heck, most traders would consider it as a success if they didn't actually lose, and profits would only come after considering whether they'd even break even or not.

And like a street performer, a beginner trader that wants to make money out of trading should practice, gain experience, knowledge and wisdom, if you have all of them or at least the three of them, in my opinion you can become a successful and profitable trading.

[Slow death]

if people weren't making money from trading then they wouldn't be trading. in any thing that exists in this world there is always someone who takes advantage and earns money and there is always someone who does not earn money and cannot see how others earn money. It's part of life, if we look at this cryptocurrency market there are many ways to make money, but in all these ways there is a high risk of losing money. speaking specifically in the case of trading, for people who trade with altcoins they can earn more money, at the same time it is clear that there are more risks, but the profits are greater, just that the person knows what they are doing