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Author Topic: How can I earn from cryptocurrency as a starter?  (Read 2455 times)
Nyben (OP)
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July 13, 2022, 01:28:55 PM
Last edit: July 13, 2022, 01:43:29 PM by Nyben
 #1

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.
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July 13, 2022, 03:21:54 PM
 #2

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.
Crypto and its trading aspect have gone far from anything basic to a highly professionalised field. It becomes a play of experience for which most beginners don't have but there is a catch.

You could always buy bitcoin and hold. The point or pice at which you buy could determine the more profit you can get but that is based on how long for which you are ready to hold. We are currently in a bearish market although, its had to say if the market have actually made a dip as no one could clearly ascertain but, you can but at any point, hold and keep buying more when opportuned while, you continue to hold until you get desired profit.

Note: Always use spare cash and this is far from an investment advice. DYOR.

Be careful when it comes to altcoins, trading on signals and arbitrage trading.
My advice for you at this phase would be that you try gaining knowledge on the forum and while demo trading if your interested in trading.

.
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July 13, 2022, 11:47:42 PM
 #3

The market is always unstable and that's how everyone is making or losing from it. As a beginner, you need to go through a lot of experience before learning where you're good and what strategy is going to work for you.

--> https://academy.binance.com/en/articles/a-complete-guide-to-cryptocurrency-trading-for-beginners

Read that guide as it contains a lot of information a beginner needs to know about the basics of trading.



.
.BIG WINNER!.
[15.00000000 BTC]


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July 14, 2022, 04:34:39 AM
 #4

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.
When you expect profit, you should expect instability due to price differences that make a profit. You must be good at determining your order position with several analytical techniques.

-snip-
to settle some of my needs.
As a beginner it is not recommended, initially you should trade for some time until you can evaluate the percentage and frequency of your profits. There are many types of trading based on time frames and one may only be suitable for using one of them. Explore your trading skills first.

This space for rent.
Available in mid January 2024 - PM me
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July 14, 2022, 09:56:57 AM
 #5

I have few resources to recommended, but here's the caveat, these resources does not guarantee you to become a profitable trader overnight, and certainly you would otherwise lose money in the learning process than making any profit.

- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading
- https://www.reddit.com/r/RealDayTrading/wiki/index/

But if you simply want to earn crypto, you can just use your dayjob salary to buy bitcoin in any reputable exchange available to you (e.g., Binace, Bisq, HodlHodl)

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July 15, 2022, 10:32:12 AM
 #6

The market is always unstable and that's how everyone is making or losing from it. As a beginner, you need to go through a lot of experience before learning where you're good and what strategy is going to work for you.


what many consider unstable, it's a good opportunity for someone. Movements jump up and down, they are necessary to realize the potential profit by trading. Just imagine how everything would look like if they had a stable fixed exchange rate.
you just need to recognize the right moment to buy or sell. Unfortunately, it all sounds more than simple when we just talk about it, it's something completely different when real money is at stake, your own.

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July 18, 2022, 08:31:38 PM
 #7

Oh boy! From my experience, I consider trading one of the most dangerous aspect to earning in cryptos. As a beginner, I would advice you don't jump into trading with your real money. Give it time to learn the basics about it and haven't gotten some experience, you could proceed to live trading on your own developed strategy.

Speaking of earnings, you could earn where ever you could render a needed service. On the forum, there are a few services and contest that goes on periodically. Perhaps you could code a signature, design an ANN thread, you could manage a project, make accurate predictions on games and rounds, your good with arts and more. These are some of the opportunities available on the forum and earning in cryptos really means your medium of payment.
Most of all, you could just invest in bitcoin for a long term by buying and hodling.
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July 19, 2022, 02:45:01 PM
 #8

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 will be honest, you cant expect to start trading a newbie without any prior trading experience in stocks or commodities and then hope to be able to cash out with a decent stash of money in order to pay bills. This is the type of unrealistic expectation that most people come in with and that eagerness to make quick money lands them up in the wrong place.

Above users did some good searching for you, so use those articles to gain knowledge on trading but do not try open handed trading right away, you will make the mistake of buying at the wrong price. Try dummy trading for at least six months before starting real life trading.

In the meantime try to get a side earning to pay off your bills. Dont try to use a speculative market earning for that. You never know how bad things can get here.

R


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July 20, 2022, 07:54:32 AM
 #9

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.
I think there is no such thing as right time for trading. Bitcoin and other altcoins prices are always going up and down. and if you do it properly you'll always sneak up your profit by doing it any time you want. bad market. but if you are newbie then that might be difficult for you because it requires chart reading and analysis.. what i can suggest you is to join some trading groups. or watch videos on youtube how to read charts and matrics. then start trading. and start with low (as much as you can afford to loose.

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July 20, 2022, 01:08:18 PM
 #10

Your focus point should be how to trade and not when, how to trade is very important and also very risky as well. As a beginner, I would suggest not to be in a hurry to trade, do enough research on the internet, and gather all needed and necessary materials on trading to enable you to gain all the required knowledge to trade. there are lots of video tutorials on youtube that can also serve as a good source of learning.
Trading is a risky aspect of crypto so it is important you are prepared both financially and mentally, especially mentally because the beginning will not be smooth sailing so you have to be prepared.

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July 22, 2022, 03:28:29 AM
 #11

Short term trading is like gambling, you can't expect to make guaranteed income from this activity for a living. If you want to trade you need to be prepared to receive your first earnings after years of investment, by being a long time holder. The currently bitcoin price is relatively cheap, considering how further it has already reached last year (almost 60,000$). So you are a lucky person to be on the right place at right time, having access to an opportunity which is going to be missed by most people in this world. It's up to you to take this chance and to organize yourself financially to be able to hold for the period of time mentioned above, if necessary.

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July 22, 2022, 08:54:11 AM
 #12

As a starter or new in crypto first you have know or learn enough about bitcoin because crypto depends on bitcoin. ( some people will not agree but i belive that bitcoin is main hero of crypto and without hero  movie is incomplete)  so beginer learn about bitcoint first  Since the historic, bloody event of March 12th, 2020, when the price of bitcoin dropped 50% in 1 day, its price has been in a constant uptrend. Going from ~$3,800 to $64,000 in roughly 1 year, bitcoin is in a historic bull run. Many people are making profit in bitcoin, and you’re wondering how you can get in on the fun.
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July 22, 2022, 02:45:35 PM
 #13

As a starter or new in crypto first you have know or learn enough about bitcoin because crypto depends on bitcoin. ( some people will not agree but i belive that bitcoin is main hero of crypto and without hero  movie is incomplete)  so beginer learn about bitcoint first 
I completely agree, people should learn how bitcoin works and what advantages it has over other fiat and how altcoins have never been something worth investing in for the long term. Most newbies make mistakes in setting up a wallet or give their private keys to some scammer on the internet claiming something out-worldly.

Then there are those who want quick returns and like the OP has been wishing to pay back bills and that being the reason to join crypto trading means that they have a deadline on their head. When this happens, patience leaves the scene and the trader is forced to buy shitcoin trying to pay off their bill from the profit - which never happens and the vicious cycle continues.

R


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gullobhai
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July 30, 2022, 06:45:09 PM
 #14

You earn Alot crypto
But first you will focus on your work & emotion, there's Alot ways trading, play gaming, joining best btt bounties 👍
SirLancelot
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August 01, 2022, 02:26:46 PM
 #15

You earn Alot crypto
But first you will focus on your work & emotion, there's Alot ways trading, play gaming, joining best btt bounties 👍
It is indeed possible to earn lots of crypto via trading but that if we are pro already but since he is still starting, better if he will also expect less. This is a slow process that shouldn't be rushed, so that we can learn properly and we won't miss any of the important areas in trading. Other than trading you mentioned gaming and bounties.

Well, we can incorporate the two to increase our earning potential since there are lots of play to earn projects now. Bounties are also newbie friendly and a lot of us started on it when we are still a newbie. Can't say that the first thing that we will work on is our emotion when we want to get involved in trading but this can come later on after engaging on the real thing.
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August 03, 2022, 10:29:24 AM
 #16

Trading with fake money is useless. Why? Because you will not be the same person when it becomes real.
Your decisions will be totally different because now you have real fear and it's about something to take serious.
With fake money you easily go all-in, while when it's about your real 'hark worked for' money then you will be very
carefull. Basically when you trade fake money you will learn the wrong strategies.

Solution: Take a cheap altcoin and trade with 10% of what you normally do. Now you will feel the real stress of dealing with real money.
And you won't be making careless decisions.

To start I suggest to earn money from bounty campaigns and signatures and only trade with that. Do not ever deposit your own money.
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August 04, 2022, 11:00:30 AM
 #17

Firstly, never trade any crypto without proper research, always keep yourself updated on the market and know how to trade in general and not specifically for the crypto market. And learn about price action and general trading strategies.
crypto market is sometimes manipulated, make sure you understand the market sentiment and start trading small and only with good amount when you get enough trust.
Trading can indeed meet our needs, but all of that has a process until we really find a way and it also takes patience and sufficient time to do it.

 
.BITWINUP.
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August 04, 2022, 01:23:39 PM
 #18

Firstly, never trade any crypto without proper research, always keep yourself updated on the market and know how to trade in general and not specifically for the crypto market. And learn about price action and general trading strategies.
crypto market is sometimes manipulated, make sure you understand the market sentiment and start trading small and only with good amount when you get enough trust.
Trading can indeed meet our needs, but all of that has a process until we really find a way and it also takes patience and sufficient time to do it.

Couldn't agree more, what's dangerous about crypto world is not researching or planning any curiousness. Only invest what you can afford to lose because it may be your greatest success or downfall. Crypto market is the most unstable thing on earth that's you must not expect it will always go the way you want it to. And by investing, seek for professional's advice.
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August 04, 2022, 11:54:43 PM
 #19

Couldn't agree more, what's dangerous about crypto world is not researching or planning any curiousness. Only invest what you can afford to lose because it may be your greatest success or downfall.
I think this goes for every field of investment as well not exactly only crypto. It is of importance that you don't venture head on into what you know nothing off or have no idea off. It's the reason why most people fail because, one thing to a business or success in a field is management and once this is lacking, the business could crumble.

Coming to crypto, crypto has so advanced over the space of 11years, that newbies in the field have to spend a great deal of time to match up with users who has been around for almost as long as bitcoin has. The most any beginner could do now is to focus his or her energy on learning and practicing on the demo trade until they are able to come up with a strategy. That goes for trading. When it comes to investment, you buy and hold and other times, you render services and get paid in bitcoin. Gradually, your aims are being archived.

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.DuelbitsSPORTS.
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August 07, 2022, 09:12:58 AM
 #20

If you wanna really start trading firstly please select the top notch coins like bitcoin, Etherium, BNB ,LTC , Matic. Because for beginning these are the most trustable and secure.
Now firstly gain the knowledge about analysis and reading candle . Then decide which trading strategies you wanna do short-term or long term. I will suggest you do short term for you here your profit will be low but if you are gone through the strategy with dca then I think you can gain good profit at the end .



BIG WINNER!
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