How can I earn from cryptocurrency as a starter?

[Yawa2020]

Hello Mates, I wish to venture into trading but I'm just being mindful of the current market situation. Looking at the market, I see instability.

I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.

First of all, there's nothing like stability when it comes to crypto and as such I'll advise you as a newbie to get yourself familiar with that before anything else. As a beginner it's advisable to make some research on selected coins and HODL. Trading is not as easy as you might think or been told. It requires a high knowledge and experience due to the fact that there's a lot of risk attached to it. Get yourself an expert tutor, read from experience traders and above all trade with caution and with what you can afford to lose.

[1714207481]

1714207481

[1714207481]

1714207481

[1714207481]

1714207481

[Slow death]

my advice:

1 - Just trade with bitcoin - usdt or bitcoin - USD or Bitcoin - another good stablecoin

2 - don't day trade with altcoin, don't do that.

3 - study a lot of technical analysis and don't trade with a 15-minute chart, try to trade with a longer time chart. Bitcoin is more profitable if one buys low and sells high and doesn't catch small fluctuations, it doesn't generate profit in the long run.

example:

wait to fall to 19000$, buy and put Stop - loss at 17000$, when it goes up to 22000$, put stop - loss at 21500$ and only sell at 24800$ if there is a bearish reversal signal, if it breaks 24800$ then put stop-loss at 24800$.

do not do it:

bitcoin is at 23000$, buy and when the price reaches 23400$, sell and wait for it to drop to 23000$ and buy to sell at 23400$, this small fluctuation will not make a profit in the long run

[loveselenagomez]

Just do the bounty in Altcoin bounty section,you will get some free money. If not than buy your best coin from exchange like Binance kucoin & hodl until get profit.

[wiss19]

It was the instability is the one that can give you profits so you should love it than avoid it. Come to think if you will invest in a coin which is stable, do you think you can trade it and make profits with it? Nowadays the fluctuations are still there or are still high, and it is perfect to make a trade.

If there are the ones which are in despair they will be the investors because the market doesn't rise continuously but it only moves in up and down fashion. Bitcoin trading is simple, you can just buy low and sell high, just like that. There are also video tutorials on youtube. That will be easy than reading them on here or online on some web/blog sites.

[Mr.right85]

It was the instability is the one that can give you profits so you should love it than avoid it. Come to think if you will invest in a coin which is stable, do you think you can trade it and make profits with it? Nowadays the fluctuations are still there or are still high, and it is perfect to make a trade.

The idea most newbie traders don't understand and still, they hope to make profits from cryptos. How is that! Should stability be the thing they desire, they have that stability in altcoins like USDT, BUSD and the rest of them. They could buy those but, that's hardly the best use of stable coins. They are used to store value when coin price is high and then reinvest into the market when it goes bearish and coin price has gotten to a dip.

Traders should like, learn to predict and be comfortable with the instability or volatility nature of the market should they ever hope to earn from it.

Bitcoin trading is simple, you can just buy low and sell high, just like that. There are also video tutorials on youtube. That will be easy than reading them on here or online on some web/blog sites.

Only if it were that simple as its said here, buy low and sell high... a lot of traders won't have been complaining but just making a shot load of money everytime but, it isn't, is it? No. You've got to do a lot of analysis that should be correct and that's impossible but you could try and be accommodative to loses when you do encounter some.

[TheUltraElite]

Just do the bounty in Altcoin bounty section,you will get some free money. If not than buy your best coin from exchange like Binance kucoin & hodl until get profit.

Users are free to do whatever bounties they wish for but we the older members of the forum have seen our juniors suffer because of such bounties which ghost its participants and the manager, refuse to pay out the coins or just abandon the project while the participants end up having done a trash load of work for literally nothing.

While the same participant is probably not in a position to apply for signature campaigns, hence they end up taking part in many bounty campaigns, most of dont pay but this ends up being a vicious cycle because while participating in a hundred bounties they get very little time or effort to put in to developing skills in posting and earning merits to be able to rank up and join the prestigious signature campaigns.

Hence I dont give this suggestion to newbies.

[gullobhai]

Intial carefully, never trade any crypto without proper research, always keep yourself updated on the market condition &news,also takes patience and sufficient time to do it.

[mahendra-13]

Hello Mates, I wish to venture into trading but I'm just being mindful of the current market situation. Looking at the market, I see instability.

I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.

hi! do you want to try to earn money in an online casino? risky, of course, but very interesting x)

[zbutterfly]

Hello Mates, I wish to venture into trading but I'm just being mindful of the current market situation. Looking at the market, I see instability.

I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.

For the case of charting, I think the same as others, such as forex, stocks and others. I think you already understand this, you should trade a lot in order to understand charting patterns and be accompanied by authentic references.

[|MINER|]

~snip~

I agree that from bounty he can earn but this amount will so litte. Currently many scam projects are coming, who work with bounty hunters and leave without paying, and even if paid, it is of no use. So currently it's became like waste of time . And also here he was asking for the trading advise. I will suggest him don't go for bounty ,  gain knowledge about trading it can be useful for you and also ranked up here then you will able to be signature campaign.

[Eden Loomis]

You can start with token from Airdrop or bounty events. It always happens with new NFT game

[Mr. Magkaisa]

Hello Mates, I wish to venture into trading but I'm just being mindful of the current market situation. Looking at the market, I see instability.

I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.

You cannot earn here in the cryptocurrency without a knowledge dude.  This is the first thing you must do now, asking here and making a topic like what you did now was one of the good step, listen to the members here in the forum in which you think it can help to your journey here according to their opinions and experience. Try to analyze first and do your won research too about what they said here in this section thread.

I know you have a capital to invest, but of course, lear to to invest here wisely so that your assets will grow in the future.
Just continuous learning about in the cryptocurrency and be observant and always ask about the thing you wanna know
about in this industry of course.

[spiker777]

my advice:

1 - Just trade with bitcoin - usdt or bitcoin - USD or Bitcoin - another good stablecoin

2 - don't day trade with altcoin, don't do that.

3 - study a lot of technical analysis and don't trade with a 15-minute chart, try to trade with a longer time chart. Bitcoin is more profitable if one buys low and sells high and doesn't catch small fluctuations, it doesn't generate profit in the long run.

example:

wait to fall to 19000$, buy and put Stop - loss at 17000$, when it goes up to 22000$, put stop - loss at 21500$ and only sell at 24800$ if there is a bearish reversal signal, if it breaks 24800$ then put stop-loss at 24800$.

do not do it:

bitcoin is at 23000$, buy and when the price reaches 23400$, sell and wait for it to drop to 23000$ and buy to sell at 23400$, this small fluctuation will not make a profit in the long run

altcoin trading can be profitable too bro if it is done properly and with carefully. in fact it's profit margin is higher than bitcoin because altcoins prices are lower. it is easier to make 2x, 5x 10x and even 100x sometime if an opportunity taken at right time. and to take the apportunity at right time a trader need to do a lot of research and study about market and all the projects and altcoins. and also keep the possible risk in mind. it is not 100% safe.

[sumant]

As a starter first you have to learn about crypto. Their mechanism and use to this advance society. If you understand any project very well you can invest in best of projects. Altocoin now in very bad position you can trade and make money. You can do airdrop and bounty to earn free cryptocurrency.Take part in exchanges promotion. There are  way to earn money.

[Rigon]

Hello Mates, I wish to venture into trading but I'm just being mindful of the current market situation. Looking at the market, I see instability.

I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.

To be profitable by trading you must have good knowledge and understanding about trading.If you don't have good knowledge and understanding then you can't profit from trading platform but lose more.For this must consult with experienced then trade in trading.Once you have an understanding of the market, you will know which coins you will benefit from trading with.First know about trading and market then think about profiting on trading platform.

[NNRR]

Hello Mates, I wish to venture into trading but I'm just being mindful of the current market situation. Looking at the market, I see instability.

I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.

If you want to start trading then firstly you should have good understanding about Cryptocurrency of blockchain and after gaining enough knowledge how it works you should come to trading otherwise you will face more loss than profit so first you learn then profit come to do.

[TheUltraElite]

As a starter first you have to learn about crypto. Their mechanism and use to this advance society. If you understand any project very well you can invest in best of projects. Altocoin now in very bad position you can trade and make money. You can do airdrop and bounty to earn free cryptocurrency.Take part in exchanges promotion. There are  way to earn money.

 Bounties and all are never going to give any useful outcome for a newbie.  These things can help bring a learning experience if they take part in signature campaigns.

Promotions or not they are useless in generating any profit worthy of keeping. Exchanges only keep their own profits before launching such promotions.

Don't expect profits coming in every mode of earning. However new projects will always be less profitable than any old projects over long time. Hence buy Bitcoin and keep calm on your holding.

[Jemzx00]

As a starter first you have to learn about crypto. Their mechanism and use to this advance society. If you understand any project very well you can invest in best of projects. Altcoin now in very bad position you can trade and make money. You can do airdrop and bounty to earn free cryptocurrency.Take part in exchanges promotion. There are  way to earn money.

Bounties and all are never going to give any useful outcome for a newbie.  These things can help bring a learning experience if they take part in signature campaigns.

Promotions or not they are useless in generating any profit worthy of keeping. Exchanges only keep their own profits before launching such promotions.

Don't expect profits coming in every mode of earning. However new projects will always be less profitable than any old projects over long time. Hence buy Bitcoin and keep calm on your holding.

Actually, newbie members can still earn a decent amount of crypto through bounty campaign programs as long as they have met some requirements such as high social media followers and such. However, it also depends on how the project went as most of these altcoin bounty campaigns are starter crypto projects.

Still, you're correct in assuming to not expect any profits coming in every type or mode of earning as even high-ranking members or any good investments can turn upside down. It's best to have different ways of earning crypto such as investments, campaigns, promotions, and even trading so it's better to have decent knowledge about technical analysis to minimize loss and maximize profit.

[ethereumhunter]

Hello Mates, I wish to venture into trading but I'm just being mindful of the current market situation. Looking at the market, I see instability.

I wish to get the needed guide on how and when to start trading Bitcoin and other cryptocurrencies inorder to make some profits to settle some of my needs. I appreciate you all for your kind response in advance.

You can find it in this forum or on other websites. You can also search on Youtube because I think many good videos discuss trading, from beginners to experts. But you also need to read many articles because sometimes, one source won't provide the details, which means you have to try to find it yourself on other websites.

If you are asking about when to start trading, maybe you can start when the price drops drastically so you can buy bitcoin at the lowest price. But I hope you understand that the lowest price can go down to another lowest price because it will be hard to analyze the market movement.

[Jeger.Kiting]

Before you decide which crypto you want to buy, you must determine the purpose and intent of your investment in crypto. Do you want to invest long term or just take daily profit from your crypto trading?. I think you're better off just taking daily profits rather than long term, because the market situation is not going well and anything can happen in this situation. So do some really good research before you invest in what others have recommended here.