A nob in trading needs help

[Prestongold]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

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[Dunamisx]

I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Know this that there's no guarantee trading pattern for your profitability than in what you have learnt and discovered by yourself, we may give you some recommendations but they may be less effective if you don't also make a discovery of your own pattern as well in trading, i will first by advising that you start your trading with bitcoin only for a start, till you grow more thicker skin in going for other cryptocurrencies, read from this little tips from links provided.

Tips before you start trading
https://bitcointalk.org/index.php?topic=5311311.0

Best way/ timing for coin purchase
https://bitcointalk.org/index.php?topic=5351564.0

[Oshosondy]

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

You can have a million dollars and lost it in some hours to trading. You have to be disciplined and do not let emotion control you. Learn the basics and do not use more than the amount of money that you can afford to lose to trade. Use lesser amount less to start.

It is true that some people gain from trading but you have to learn and you will first lose and later you will become better to know if you have to continue to trade or not. Do not use high amount of money to trade, avoid that.

[tbct_mt2]

I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives

Changing people's lives in what way? Positive or negative, what did you get from your reading?

and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

If you see trading Bitcoin is risky, why do you want to involve in trading?

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Trading Bitcoin is a mean to gain profit as well as a mean to have loss.

You win, another lose as in trading, it is a zero sum game. Same total capital but it flows in the market, from you to another, from your wallet to another wallet of someone else.

And you won't have passive income by trading as you have to seriously trade with knowledge and time spent for it. It's not passive.

[worle1bm]

There are no fixed pathways declared in trading to make guaranteed profits and what you will gain depends on your skills and experience that you will acquire during trading with time or even polish your strategies according to market conditions.If you are into learning phase then start with small amounts that you don't care about much even if you loose that amount which will help you to gain practical knowledge or try demo trading.If you say about btc trading then it's for holding that can give you good returns instead of day trading as beginner in this field.

[BitMaxz]

There is no passive income in trading there is always a risk in trading with Bitcoin due to its price volatility. And without trading skills, you won't be able to make any profit.

If you want to learn about trading there are lots of source to learn you can check this link below.

- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

DCA strategy is also works as suggested above but you must learn first how to find the resistant level so that you know when to buy.

[Ojima-ojo]

Ops I will advise you not to take the role of trading any coin even Bitcoin because trading is the fastest way to lose money next to gambling so I will most likely advise you to use the DCA mechanism to hold Bitcoin, that way you limit the risk of losing your investment.


Truly trading is a big risk as you have rightly said but then instead of taking that route I think its best you continue to DCA and buy Bitcoin at an average price, while doing that you must know when to buy and keep accumulating Bitcoin on the long term while cutting in on average gains.

[Anguwa]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

The only possible way you will gain a massive profit in Bitcoin trading is when you have good knowledge about it.

You cannot benefit from something you don't know well, if you want to have good profit in Bitcoin investment, you need to be patient and learn more about trading before you start.

[tjtonmoy]

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

If you want to start your journey with Bitcoin, then trading is not going to be the best option for you. Bitcoin trading includes many risks. If you are not a pro at trading, don't start with it in the first. Bitcoin is best if you can hold it for a long term. It will give you the best profit in the long run. Only experts in this field can make best profits from trading. And don't forget that they make losses too. So start with DCA and use a small amount in trading which you can afford to lose. Learn the process first, then use the big amounts when you think that you are ready.

[Cling18]

Some people believe that we can earn our desired profit in trading in an instant, but the reality is that despite a large capital, we can't reach our target profit objective if we don't have the interest to learn all we need to succeed. Predictions are not always accurate. The actual problem of trading is dealing with market volatility and managing our emotions as a result of fluctuations. Discipline, which is required in trading, involves a lot of courage and determination. Don't rush things out and focus on gaining knowledge first.

[Silberman]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Is it possible to make profits by trading bitcoin and other cryptocurrencies? Of course it is, is it easy to do so? Of course not, I will give you a 10% chance of succeeding, and that is if you actually go through the trouble of learning how to trade and study the market for months, but if you are like a lot of newbies out there and you just want to get profits and you want them now, then I will give you no chance at all of succeeding, this is because when it comes to trading knowledge is your best and at times your only weapon, and if you trade without that knowledge then that is as if you were fighting in a war completely disarmed.

[Obari]

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

It is very possible to make profits off trading but you must also know that while it is very enticing to imagine the profits, you should also know  that nothing  is certain in trading, and just as you are expecting  to make some profits, so it is very much very possible  to make huge losses upto  having to blow account.
I would advice that you rather invest more in learning than in wanting  to make profits suddenly  and I also want to let you know that bitcoin is a very lucrative  business but it all depends  on how you do it  and how much of knowledge  and information  that we have.

[PX-Z]

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

You can make profit in any kind of market trends, either its down or up trend, it depends on the trader.
Also, i don't think there is so called passive income in trading, trading needs manual way to do things to make it possible.
Possible if you can refer users to register on specific trading platform using your link.

[Stalker22]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Oh absolutely, investing in cryptocurrencies is the surefire way to get rich quick without any effort at all. Just throw your money at the market and watch the profits roll in! 

But seriously, I cannot understand people who ask questions like this. What do you expect? Step-by-step instructions on how to make millions trading? And what do you mean by passive income from trading? If the profit comes from active trading then it cannot be called passive income, right?

[Husires]

You asked a big and basic question and you will find many answers, but Google and YouTube will teach you a lot if you search well.
So reading books like Mastering Bitcoin, Rich Man and Poor Man, Richest Man in Babylon, Think and Get Rich or watching audio clips about them will give you basic knowledge.
Then you can start learning the basics of technical analysis, including how to trade.
All of this requires that you have a job and extra cash.

[adaseb]

You can’t make any passive income when it comes to trading. Only way is perhaps buying a stock which pays a dividend but there is the issue of the stock itself going down in value and losing money.

But with crypto trading there is no dividend. If you hold certain coins like ETH you can stake those and earn a little yield but once again, the value of ETH can go down and you might lose money. There is risk in everything.

[DevilSlayer]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Oh absolutely, investing in cryptocurrencies is the surefire way to get rich quick without any effort at all. Just throw your money at the market and watch the profits roll in! 

But seriously, I cannot understand people who ask questions like this. What do you expect? Step-by-step instructions on how to make millions trading? And what do you mean by passive income from trading? If the profit comes from active trading then it cannot be called passive income, right?

It is called "portfolio income" wherein, you gain profits through price appreciation meaning that if you will earn if a certain assets that you hold increase its market value. I do not agree that you will get sure rich if you put money on cryptocurrency, kindly look the majority of the investors and trader in this industry; most of them are LOSERS and they keep losing more money because they do not have enough knowledge and experience that they can use in order to make profit in this market. The problem is that those newbies are impatient to make money, that is why they putting their hard earned money on some shitcoins that can make them incur huge losses wherein they will regret and doubt theirselvles.

If you want to make huge amount of money, forget buying cryptocurrencies or memecoins because what you need is to invest in your education first and forget the coins around you. For me there are steps on how can you become rich in trading, you cannot just put your money and hope that it can give you returns. A lot of successful traders and investors put a lot of effort and work for them to achieve what they have now. The misunderstanding is that people think they can easily make money by just putting their money and sitting like a dork without doing anything.

[slaman29]

On the one hand you are "well informed" about Bitcoin, and yet on the other hand you're actually asking how to acquire skills?

Theory = knowledge, that's what you seem to have. Skill = practice. The only way to gain skill is to do.

But be careful, Bitcoin changed a lot of lives not actually because of trading.

Trading changes lives for sure but not in the positive way you're thinking of...

Oh and Lol OP you really did sound like a nob the way you posted but anyway

[Latviand]

There's thing called paper trading, try to find one that you can access and you can easily practice trading there without the worry of losing real money but trading in a real market conditions, I think you should experience it first-hand since you are claiming that you're knowledgeable in crypto to some level.

[Litzki1990]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

First of all welcome to bitcoin trading site.  Since you expressed an interest in learning about Bitcoin trading and wanted to gain experience, you can. But to gain a good understanding of trading, you must be patient. You need to understand the market conditions. At first these things may be very challenging for you but if you can accept this challenge then I think you will get success from trading site.  You already know about the risk in other threads. To succeed on the crypto platform you have to take risks. If you can take this trick and gain enough knowledge and experience about trading then surely you can earn good income from trading.

[irhact]

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Bitcoin trading is one of the riskiest ways of making money from the market, it isn't impossible to make profits but you first have to understand trading before you begin trading or you'll lose all your capital in just matter of days of trading. Why many newbie lose when trading is because they are looking for quick gains instead of having patience as they trade. If you learn very well, you'll make profits.

Trading isn't passive income but you can make passive income by participating in the commission program offers by the exchanges when you help introduced new traders to their platforms. Each exchanges has a referral page and their rules are different so visit the page of an exchange you want to use to understand better.

[boyptc]

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

HODL is a passive way of investing on Bitcoin. But if you don't like that, then by means of having passive income is you'll need to put that on a wallet or exchange that will give you profit in form of APY.

I don't like to have it on exchanges because their rates are low and you're not sure of the safety of your Bitcoin there because you will not have the private keys.

Trading is hard, and that's an honest opinion for me and not everyone that trades are profiting from it.

[wajik-tempe]

There are several ways that traders may use to generate passive income through bitcoin trading. One common method is "HODLing," which is holding onto cryptocurrencies for an extended length of time in the belief that their value would rise over time.

Another option is to generate passive income by staking or lending bitcoin. Holding bitcoin as collateral to safeguard the network and collecting rewards for verifying transactions is what staking is all about. Lending is the process of lending bitcoin to other traders in return for interest payments.

[AakZaki]

Why not, generating passive income with cryptocurrency trading is very possible, depending on how one does their trading strategy and how much money is invested.
It is indeed quite high risk, but for experienced traders, profits will be obtained on every market movement that occurs. only need to read and predict market prices, buy cheap and sell at high prices. quite simple but not that easy, psychology will be very played.

[Nrcewker]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

You can really make trading as a secondary source of income. But provided that, you need to also be careful about the risks involved in the market. Trading isn’t at all sure money. In trading the chances of losing money is equal that of winning money. If you can estimate the movement of the market then no one can stop you from getting profits. Regarding the acquisition of skills, then that will come along with experience and practice. I would suggest you to watch the market and observe it carefully for few days. Once you feel confident then only use real money in trading and trade in limit.

[teosanru]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

It's not that easy honestly. Also thinking of trading as a passive income is the biggest mistake you can do. It's not a passive income type. You'll have to be actively engaged in Cryptocurrencies every single day and be studying charts every day for many hours to get a regular income out of it. This is a big mistake to think this as a passive income which you can earn just by investing your money and forgetting about it. Go for HODLing instead if you want this type of income.

[Findingnemo]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Trading isn't passive at all, so you understand the concept wrong.

Trading needs skills, knowledge, capital which is affordable to lose and when all these things combine with experience then you will understand the market better which will lead you to make profits.

Anyone can start trading with low capital as possible, let's say with $50 and jump into Binance then try to make atleast 10% in 1 month of period.

[crwth]

I need your point more emphasized or be specific. You said you were already well-informed about BTC and should have read something in the trading discussion already. It is possible, but you still need to work on the possible things you may encounter once you start trading. It's only sometimes going to be all profit; the best way to make sure you profit is by managing your risks.

It is possible as long as you are consistent. It's best to like to use a bot to do things consistently.

[MFahad]

There is no doubt that crypto trading is risky but its up to you that how you manage these risk. Sometime you will get benefit and on other hand there will a time when you don't get any profit in return but will loss your money too so it refers to the fact that success and defeat are unpredictable you can face both of them anytime during trading. Sometimes people actives success at start and they initiates putting whole money into that token and it is their big mistake which should be avoided for success.

[Stalker22]

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It is called "portfolio income" wherein, you gain profits through price appreciation meaning that if you will earn if a certain assets that you hold increase its market value.

Yes, I believe the term commonly used in the cryptocurrency world is "HODLing". It is related to cryptocurrency investment rather than trading. While trading involves actively buying and selling assets with the intention of making a profit from short-term price fluctuations, HODLing refers to the strategy of holding onto an investment for a longer period with the expectation of long-term price appreciation.

I do not agree that you will get sure rich if you put money on cryptocurrency, kindly look the majority of the investors and trader in this industry; most of them are LOSERS and they keep losing more money because they do not have enough knowledge and experience that they can use in order to make profit in this market. The problem is that those newbies are impatient to make money, that is why they putting their hard earned money on some shitcoins that can make them incur huge losses wherein they will regret and doubt theirselvles.
~

Absolutely! That was just my pitiful effort to inject some sarcasm.  

[Dr.Bitcoin_Strange]

I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

It's very possible to make a profit from trading Bitcoin, but it's also a way to lose money when you are very new at it. I think most crypto traders earn enough money trading Bitcoin, but as a beginner, seeing crypto trading as a means of earning passive income may be futile. In trading, you will definitely encounter losses, and if you don't have enough capital to start with, you may still need to top up your capital. But whereas if you have a real job, you can just use crypto trading as a side hustle until you have mastered your trading skills and are fully convinced you are making a good profit from trading Bitcoin, then you can totally focus on it as your passive source of income, but that doesn't mean you must not have other sources of income as well.

[isaac_clarke22]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Take all those stores with a grain of salt, OP. You never know what kind of struggles they went through and what's real or not in the stories you read around here. The reality in crypto trading is that..... it is really meant for everybody and that is perfectly fine. I tried trading before and it isn't just for me at all so I went back to hodling.

It is indeed risky that's why you should just try few bucks first and see if you think you could continue to persevere despite the losses that you'll encounter for a week or even a month depending on how fast can you learn trading. For me, it ain't just worth it at all for me considering I am already exhausted in the first month.

It's very possible to make a profit from trading Bitcoin, but it's also a way to lose money when you are very new at it. I think most crypto traders earn enough money trading Bitcoin, but as a beginner, seeing crypto trading as a means of earning passive income may be futile. In trading, you will definitely encounter losses, and if you don't have enough capital to start with, you may still need to top up your capital. But whereas if you have a real job, you can just use crypto trading as a side hustle until you have mastered your trading skills and are fully convinced you are making a good profit from trading Bitcoin, then you can totally focus on it as your passive source of income, but that doesn't mean you must not have other sources of income as well.

I highly doubt that most traders do earn from trading Bitcoin. Considering how volatile the market is and how long Bitcoin already existed and continue to get new ATH every year, I think they are way more hodlers than traders. I cannot say the same for trader of alts though.

Adding up to what you said, if you don't have a capital to start, virtual trading might be a good thing to start, but it could build up bad habits since you're not "feeling the loss of money".

[darkangel11]

You can trade bitcoin but it's not going to be passive income. As long as you have to put some time and effort into it, it becomes active, not passive.
So, you're probably wondering what's the difference between active and passive income. Passive income is when money comes to your account without you having to do anything. A good example of such thing is renting out a property for long term. Often people have space that they rent out to a company, sometimes it's a bank, or a store. The business often strikes a deal that will continue for years and you will keep getting paychecks.

Holding bitcoin might be passive, but is it a passive income? You are passive, but you cannot be sure there will be an income in a given period of time. Let's say you bought bitcoin in 2021 at 50k, so not the ATH, you did not pick the worst time to buy. You held through 2022 and it's now 2023 and you haven't generated any income. You still have the same amount of bitcoin, but it's not giving you any profit. If this was the income you relied on, you'd be starving right now.

[Dr.Bitcoin_Strange]

I highly doubt that most traders do earn from trading Bitcoin. Considering how volatile the market is and how long Bitcoin already existed and continue to get new ATH every year, I think they are way more hodlers than traders. I cannot say the same for trader of alts though.

That is correct, but do you doubt that some traders who are well experienced in trading make profits? If it was really less profitable for some esteem traders, they would really advise against it. Despite the fact that some don't make much profit out of it, there are people making profit, bro (maybe not many). I also agree that there are more holders of Bitcoin than traders.

Adding up to what you said, if you don't have a capital to start, virtual trading might be a good thing to start, but it could build up bad habits since you're not "feeling the loss of money".

I'm really hearing about virtual trading for the first time, though. I googled about it, and I see that it doesn't have to do with investing real money, and when it doesn't require real money, it means there is no profit coming out of it, so what's the essence? (I would appreciate if you talk about it, that's if you are more familiar with it.)

[suzanne5223]

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations,

You don't make a profit in Bitcoin trading during market speculation, the result you get after you successfully executed a trade is what will tell if you make profit or lost.

and how possible it is to make passive income through cryptocurrency trading.

You cant make passive income through crypto trading, loss, and profit can happen anytime. If you want passive income the best way is to stake a good proof-of-stake crypto

[Stable090]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

I think you should change your mentality completely before going into trading, if you  have the mentality of making money in cryptocurrency trading, then you will end up losing money because you don’t have the appropriate knowledge to make money in trading. In trading their is always profits and lose, so you shouldn’t think you will be making money always, you will also lose money also, but make sure your profits is just more than the amount you are losing.

I will advice you to go and read some books about trading, watch some tutorials about trading( actually YouTube videos will deceive you, because they are always talking about profit and they don’t talk about lose, so most people are always deceived), you can also try demo account, then finally you can deposit just little amount of money then you can start trading with it, but in trading nobody will assure you of profit.

[taufik123]

Always expecting profits at the beginning without knowledge is only wishful thinking.
Before thinking about profits it is better to learn first what is needed at the time of trading.

Knowledge of technical analysis is very important. One will not get passive profits without knowing technical analysis and fundamentals.
No matter how much money you have if you don't know how to manage your trading properly, you can never make a profit.

There is no get-rich-quick scheme in crypto, everything requires a process.
Who can go through the process well and know the science of trading gradually the possibility of getting profits is getting higher, but losses are also things that will happen to all traders even though he is a professional in trading.

-snip-
I will advice you to go and read some books about trading, watch some tutorials about trading( actually YouTube videos will deceive you, because they are always talking about profit and they don’t talk about lose, so most people are always deceived), you can also try demo account, then finally you can deposit just little amount of money then you can start trading with it, but in trading nobody will assure you of profit.

It depends on what video you are following. If some of the trading tips will not be deceptive because some of the tools used can be learned by anyone.
I see a lot of trading tutorials on youtube to originate my trading analysis skills.

What needs to be avoided is the advice of some influencers who provide unclear coin recommendations.
They will only take advantage of their followers to continue to buy what they suggest.

[TimeTeller]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

I think you should change your mentality completely before going into trading, if you  have the mentality of making money in cryptocurrency trading, then you will end up losing money because you don’t have the appropriate knowledge to make money in trading. In trading their is always profits and lose, so you shouldn’t think you will be making money always, you will also lose money also, but make sure your profits is just more than the amount you are losing.

I will advice you to go and read some books about trading, watch some tutorials about trading( actually YouTube videos will deceive you, because they are always talking about profit and they don’t talk about lose, so most people are always deceived), you can also try demo account, then finally you can deposit just little amount of money then you can start trading with it, but in trading nobody will assure you of profit.

Experience will teach him that crypto trading is not all profits.
Reading may come in handy but actual trading is the best to grasp this market.
He needs to start small so he will lose small. Start trading with top alts.
At least, you know they won't disappear in the trading market anytime soon.
No one can guarantee passive income nor profits in every trade even with bitcoin.
Because it depends on your entry and exit level. Just sell above your buying price.
But that is hard if you start seeing the coin is going downhill and you are in panic mode.
Hence, the popular motto here - "invest only what you can afford to lose".
And this is why experience will give him those trading tricks. And it is not an overnight lesson.

[lombok]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Sorry if you are going to trade because you are affected by someone's results and that becomes your ambition to make quick money under the pretext of passive income. Damn it, man. Fix your mindset first so that emotions don't affect your trading!

Do trial error with small capital first. The Trading of crypto is not as beautiful as you might think.

[Bitcoin_people]

If you want to gain better knowledge about cryptocurrency trading then you can definitely check out the various sections of the forum where this is discussed. But if you have confidence in the investment then surely you will be able to earn profit. Especially since you are a new investor, you should first consider the market position in detail. And if you want to invest for this long period then you can earn good profit in future. But if you want to earn daily profit then you must join trading. You can get good profit by trading daily but it depends on your skill and experience. so if you want to earn profit by trading continuously then you must first gain experience and then invest.

[xSkylarx]

Trading is not a passive income; you really need to do a lot of hard work and patience on it, and you also need to keep explaining only the good sides of trading, i.e., the testimony of others that make a living on it, to which you are blind to what they have been through just to get where they are. You should also see the bad sides of it, or you will learn from experience. Trading isn't easy, and it isn't that simple like buy low, sell high." There are a lot of aspects to it, but try to learn them first before jumping to the conclusion that you'll continue or not.

[maydna]

So far, many people have tried to trade to make a profit, which has made them continue to learn about trading, including improving their ability to analyze the market. You must have analytical skills in trading to get time to trade.

Passive income means you can earn without doing anything. Meanwhile, in trading, you have to analyze a lot of coins and find the right one to make a profit. So trading is not a way to earn passive income but to make profits. But you can buy bitcoins, store them, and sell them at the highest price to make a profit.

[AakZaki]

So far, many people have tried to trade to make a profit, which has made them continue to learn about trading, including improving their ability to analyze the market. You must have analytical skills in trading to get time to trade.

Passive income means you can earn without doing anything. Meanwhile, in trading, you have to analyze a lot of coins and find the right one to make a profit. So trading is not a way to earn passive income but to make profits. But you can buy bitcoins, store them, and sell them at the highest price to make a profit.

Learning to trade and to make a profit is a given and it is desired by everyone. The more you learn and understand how trading works, the greater the level of profit that will be generated.
In addition to trading, you can also become an investor for the long and medium term, because by buying at the bottom and holding until the price is higher it will generate a fairly young profit, but it is necessary to be patient and sell when the target is reached.

[maydna]

So far, many people have tried to trade to make a profit, which has made them continue to learn about trading, including improving their ability to analyze the market. You must have analytical skills in trading to get time to trade.

Passive income means you can earn without doing anything. Meanwhile, in trading, you have to analyze a lot of coins and find the right one to make a profit. So trading is not a way to earn passive income but to make profits. But you can buy bitcoins, store them, and sell them at the highest price to make a profit.

Learning to trade and to make a profit is a given and it is desired by everyone. The more you learn and understand how trading works, the greater the level of profit that will be generated.
In addition to trading, you can also become an investor for the long and medium term, because by buying at the bottom and holding until the price is higher it will generate a fairly young profit, but it is necessary to be patient and sell when the target is reached.

If they don't want to learn and only rely on signals from other people, they will not be able to make profits but experience losses because the signals from other people don't always work well for them.

But by learning more about trading, he can improve his ability to analyze the market and know what to do if the market is in a certain condition. He can also become an investor besides just trading by trying to accumulate bitcoins that are taken from money from the profits of trading. And that can help him to gain additional profits in the future.

[Yamifoud]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Well, I tell you that it was profitable but take note also that not all who tried trading went successfully, some had also quit because of suffering losses and disappointments. If ever you believe that you are really for this, I encourage you to try then in order to know the reality because you can't assume what happens to others (successful traders) will also happen to you. We never know if you become like those who quit as well. Of course, I don't want to say you thinking negatively but must have to know it as well and know the consequences.
I would say trading is profitable but also it depends on the trader.

[AakZaki]

If they don't want to learn and only rely on signals from other people, they will not be able to make profits but experience losses because the signals from other people don't always work well for them.

But by learning more about trading, he can improve his ability to analyze the market and know what to do if the market is in a certain condition. He can also become an investor besides just trading by trying to accumulate bitcoins that are taken from money from the profits of trading. And that can help him to gain additional profits in the future.

yes that's right, beginners who are new to trading or crypto should follow that advice. But let's see, many newbies just want instant results without the need to learn more about the science of trading. only rely on signals from others.
It will never develop if you only rely on others, it will only wait where they will experience a lot of losses when the advice from others is wrong.

[AnonBitCoiner]

Before experience users of cryptocurrency just hear about the things but they realize the main them when they experience bad or good things. One cannot understand without keeping a list of good and bad about trading and success is possible of a person participate and then make a better decision based on circumstances.

You are right that in every field where there is benefit there so exist some difficult conditions which is necessary to understand. I think if a person regularly trade for some times and never get rid of it when loss little money then it become possible for him to achieve the success after examining the reality.

[justdimin]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Well, I tell you that it was profitable but take note also that not all who tried trading went successfully, some had also quit because of suffering losses and disappointments. If ever you believe that you are really for this, I encourage you to try then in order to know the reality because you can't assume what happens to others (successful traders) will also happen to you. We never know if you become like those who quit as well. Of course, I don't want to say you thinking negatively but must have to know it as well and know the consequences.
I would say trading is profitable but also it depends on the trader.

I would guess most people who trade end up with a loss, there are minority of traders that make majority of the profits, the 80-20 rule applies here too probably, we end up with 20 percent of the traders making 80 of the profit and 80 percent of the trades get the 20 percent profit and the losses endured on the same period.

I feel like that should not be the important deal though, if you want to become a good trader then you could spend some time on it and you could become better as well. It's not impossible to get into that top 20 percent, you could become like that and all you need is something that needs to be reworked and learned. If you can spend the time required for it, then you can become a lot better and you could make a lot more profit with it as well.

[Xampeuu]

If they don't want to learn and only rely on signals from other people, they will not be able to make profits but experience losses because the signals from other people don't always work well for them.

But by learning more about trading, he can improve his ability to analyze the market and know what to do if the market is in a certain condition. He can also become an investor besides just trading by trying to accumulate bitcoins that are taken from money from the profits of trading. And that can help him to gain additional profits in the future.

yes that's right, beginners who are new to trading or crypto should follow that advice. But let's see, many newbies just want instant results without the need to learn more about the science of trading. only rely on signals from others.
It will never develop if you only rely on others, it will only wait where they will experience a lot of losses when the advice from others is wrong.

[Chainsmokers]

Before experience users of cryptocurrency just hear about the things but they realize the main them when they experience bad or good things. One cannot understand without keeping a list of good and bad about trading and success is possible of a person participate and then make a better decision based on circumstances.

You are right that in every field where there is benefit there so exist some difficult conditions which is necessary to understand. I think if a person regularly trade for some times and never get rid of it when loss little money then it become possible for him to achieve the success after examining the reality.

Basically the more experience it will make us learn many things and also make the possibility of success greater,
all that takes process and it takes patience,
the obvious good to or loss is part of trading.

[maydna]

If they don't want to learn and only rely on signals from other people, they will not be able to make profits but experience losses because the signals from other people don't always work well for them.

But by learning more about trading, he can improve his ability to analyze the market and know what to do if the market is in a certain condition. He can also become an investor besides just trading by trying to accumulate bitcoins that are taken from money from the profits of trading. And that can help him to gain additional profits in the future.

yes that's right, beginners who are new to trading or crypto should follow that advice. But let's see, many newbies just want instant results without the need to learn more about the science of trading. only rely on signals from others.
It will never develop if you only rely on others, it will only wait where they will experience a lot of losses when the advice from others is wrong.

They will never succeed in trading, but the losses will come to them more often than they can imagine. Using signals from other people is okay, but we also have the skills to check them before using them directly. Many people get signals from chat groups, whether WhatsApp or Telegram, but they don't check or analyze it further. And this keeps many of them from entering the market at the right time. You better learn to analyze so you don't depend on other people's signals.

[lalabotax]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

First of all, never heard and judge something from one side only.
Moreover about trading Bitcoin, never only think and imagine about the profits that you may gain from trading. Gaining profits more than loss is not as easy as you think. Traders will commonly take difficult ways and strategy to make right decision. Doing trading is complex. Most of newbies will face losses than earning profits, moreover if they consider only the profits at first. Trading is not easy and this is high risk. So you mist orepare yourself much better and really understand about trading crypto.

[Gladitorcomeback]

Moreover about trading Bitcoin, never only think and imagine about the profits that you may gain from trading. Gaining profits more than loss is not as easy as you think. Traders will commonly take difficult ways and strategy to make right decision. Doing trading is complex. Most of newbies will face losses than earning profits, moreover if they consider only the profits at first. Trading is not easy and this is high risk. So you mist orepare yourself much better and really understand about trading crypto.

Trading is not that complex  that newbie cannot make Profit. A small basic knowledge is need to start and then using small fund one can experience many things and able to trade wisely. It is true that trading will not only give you profit as profit and loss are both parts of investment. If one invest in Bitcoin spot trading then I don't think he will regret for losing big because there is chance of correction but sooner or later it will again rise. you will never lose in btc until you sell. If one have control over emotion and can hold btc if btc drops then i think trading in btc will give you profit and less chances of loss

[Finestream]

Ops I will advise you not to take the role of trading any coin even Bitcoin because trading is the fastest way to lose money next to gambling so I will most likely advise you to use the DCA mechanism to hold Bitcoin, that way you limit the risk of losing your investment.


Truly trading is a big risk as you have rightly said but then instead of taking that route I think its best you continue to DCA and buy Bitcoin at an average price, while doing that you must know when to buy and keep accumulating Bitcoin on the long term while cutting in on average gains.

Trading is profitable but it can never guarantee profits especially for newbies who have less knowledge and less experiences in trading. It’s better to just focus first in DCAing bitcoin when the price is a good buy, and hold them as long term investments until you can finally sell them at a very good and profitable price. Otherwise, if you jump into trading, expect that your profit expectations may definitely turn into gambling and waste your money and time.

[Silberman]

Moreover about trading Bitcoin, never only think and imagine about the profits that you may gain from trading. Gaining profits more than loss is not as easy as you think. Traders will commonly take difficult ways and strategy to make right decision. Doing trading is complex. Most of newbies will face losses than earning profits, moreover if they consider only the profits at first. Trading is not easy and this is high risk. So you mist orepare yourself much better and really understand about trading crypto.

Trading is not that complex  that newbie cannot make Profit. A small basic knowledge is need to start and then using small fund one can experience many things and able to trade wisely. It is true that trading will not only give you profit as profit and loss are both parts of investment. If one invest in Bitcoin spot trading then I don't think he will regret for losing big because there is chance of correction but sooner or later it will again rise. you will never lose in btc until you sell. If one have control over emotion and can hold btc if btc drops then i think trading in btc will give you profit and less chances of loss

While what you are describing is in fact a way to avoid realizing your losses and it can be very effective, this is a strategy that can only be used when you are investing in a good asset, a trader needs to have the opposite frame of mind, they need to be ready to cut their losses short as soon as possible, as the disastrous losses we often hear about they can suffer come from holding a position too long, a capital sin to traders and speculators alike.

[Quidat]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

If you are a complete noob then you could be having that a good start up on Babypips.com
https://www.babypips.com/learn/forex

There are 11 courses and this might be saying about Forex learning but when it comes to technical aspects then it would really be just the same. Remember on the time that i tend to start up.
I did really start up from the scratch and test out and finish those courses and the rest would really be depending on actual trading and experience gaining.

Joining up some groups arent that bad though as long you do know on how to snip out some realistic speculations or analysis but never ever make yourself
get in a rush when it comes to learning because this would be creating those bad impressions which might lead into some errors and mistakes
which it is really something that you must avoid.

[GreatArkansas]

(...)
But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Trading Bitcoin can be a way to profit from market speculation, but it also comes with a lot of risk.
I don't see any passive income when you do cryptocurrency trading because you need to move here, you need to learn and analyze. But maybe if you do automation like using trading bots, maybe we can call it as passive income as long as your trading bot is profitable.

[yhiaali3]

It is good that you start trading with bitcoin because it is the most reliable coin, bitcoin has one upward trend in the long term so you are always profitable.

But if you want daily speculation, you must know that there are great risks, especially as a beginner. You have to learn a lot, and you also have to experiment and taste the loss in order to gain experience.

Many people come to the field of cryptocurrency thinking that they will get rich quick, this concept is wrong. You should know that you have to work hard and be patient a lot in order to achieve success.

[isaac_clarke22]

~

Nah, I just read few answers here in the forum regarding that. I wish I could've tried it when I was day trading back in the days, but nah I am all the way to zero to the ground now in my technical knowledge in trading.

Not sure if the price in that kind of practice in trading is live though.

Many people come to the field of cryptocurrency thinking that they will get rich quick, this concept is wrong. You should know that you have to work hard and be patient a lot in order to achieve success.

...or get lucky. Working hard will only get you so far to be real with you. Luck affects a lot in trading especially in a volatile market.

[monineklutak]

(...)
But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Trading Bitcoin can be a way to profit from market speculation, but it also comes with a lot of risk.
I don't see any passive income when you do cryptocurrency trading because you need to move here, you need to learn and analyze. But maybe if you do automation like using trading bots, maybe we can call it as passive income as long as your trading bot is profitable.

What's more, those who have no experience in trading or investing in crypto need to learn more about it,
trading bots are also not always profitable and I think many avoid using them,
Of course, everyone has their own decision.

[Hamza2424]

A noob no buddy you should say it a leaner needs help and this is a good idea to start a topic to get some suggestions on finding out some good references to generate valuable knowledge throughout. I did visit the thread with the pure intention of helping but you've got many ideas already still, if there is anything left or with basics i can help you as i have started a series a few weeks back its still ongoing but i have paused it for now to add some recent topics related to the trading guide. You can check any of them below,

For any other type of real-time help, I am available here haha not only me whole community will warmly welcome you.

1. New to Trading - Tips and Suggestions (V1) Getting Started Full Guide
2. CEXs vs DEXs & Spot vs Future - Tips and Suggestions (V2)
3. Analysis & its Types - Importance of Analysis in Trading (V3)
4. Tips for Descriptive and Sentimental Analysis (V4)

[Baoo]

To begin with, you need to acquire a knowledge of crypto trading until you become competent to begin. Don’t forget that education comes always first without it you will not be able to have a successful career in trading. In fact, there is actually plenty of ways to learn the basics of this field, you can start with reading some effective books , then you should learn the technical analyses. I highly encourage you to watch some tuto ( beginners guide ) on Youtube but be aware of some crypto influencers who post fake information and analyses for a purpose. In addition to that, you should prepare different strategies and plan and it is preferable and safe to begin with a limited capital to keep away from risks. Best of luck.

[bitgolden]

What's more, those who have no experience in trading or investing in crypto need to learn more about it,
trading bots are also not always profitable and I think many avoid using them,
Of course, everyone has their own decision.

Trading bots could be useful if you know how to trade yourself, but if you have no idea how to trade yourself, then bots can't help you with it. Think about it this way, I mean we are talking about a situation where it is going to be just a bot, that does what you tell it to do, and you have no idea how to trade and you are going to end up telling it to do the right thing somehow? We all know that's not going to be the case, we all know that it is going to end up being a lot less profitable than that.

So, the best thing to do in this case is to make sure that we are not dealing with anything that would be similar like that, just focus on learning how to trade yourself. After you make profits by yourself, you could start considering getting a bot as well.

[kojektea]

if you want to keep earning in crypto even if you don't trade I think you should try staking it's better because staking when the market is negative is the best way to keep earning instead of having to invest risky because the market is so volatile. i have tried it, for safe staking you can go to binance, it cost big for bigger profit but its ok as long as we have it.

[Tony116]

I would advise you to spend more time on a demo account. As for me, it is this method that allows the trader to try his hand in conditions close to real. It is due to this that you can get a good result.

Beginners can use the demo account to familiarize themselves with all the basics of trading and the market. But I advise you not to overdo it, I mean, once you know the basics, then you should use yourself a real account with a minimum capital to start. If you use a demo account for a long time, you will not learn anything because when you know it is an account without real money, it will easily create bad habits for you. Using a demo account, we will not be afraid of losing money, but with a real account it is the opposite, so newbies using a demo account a lot will be counterproductive.

[Silberman]

I would advise you to spend more time on a demo account. As for me, it is this method that allows the trader to try his hand in conditions close to real. It is due to this that you can get a good result.

Beginners can use the demo account to familiarize themselves with all the basics of trading and the market. But I advise you not to overdo it, I mean, once you know the basics, then you should use yourself a real account with a minimum capital to start. If you use a demo account for a long time, you will not learn anything because when you know it is an account without real money, it will easily create bad habits for you. Using a demo account, we will not be afraid of losing money, but with a real account it is the opposite, so newbies using a demo account a lot will be counterproductive.

This is correct, a demo account has its advantages as it allows yourself to familiarize yourself with the platform and avoid making dumb mistakes when it counts, but at the same time the difference between a demo account and a real account is massive due to the use of our own money, obtaining a great performance using a demo account is very easy as you are not worried at all about losing your money, but once you use your own money then the fear is real, especially when there is a massive drop on the market, and the only way to gain the necessary experience about how to deal with those movements is by trading with real money under those circumstances.

[Rengga Jati]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

Always listen and see from two sides, not only its strength or profits but also its risks or possible losses. Because, however, one thing you must understand and instill in yourself, trading or investing in Bitcoin is a high risk, especially only limited to speculation and with abilities that are still early. Don't think that Bitcoin will always make you rich and make lots of money, but vice versa.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

As I said above, trading can be a means of gaining profit, but trading can be also a means of losing money very easily.Moreover if this is based on speculation. Trading as a profesional also still requires risk, high risk and not all the time the profesional tarders will gain the profits.Moroever someone who only did it based on specualtion. This will be higher risks.

[Fivestar4everMVP]

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Well, trading cryptocurrencies is a passive way of making and living a financial dependence free live, but it's a skill that does not come cheap, else, each and every one of us would have become traders..

Please note that there are traders and there are trading gamblers, trading without knowledge of what exactly you are doing or doing the right thing the wrong way is equal to gambling, and in such a situation, chances of loosing money is pretty high.

It a very possible to make a good living off trading cryptocurrencies, even as a family man or woman, trading is a great profession anyone with its knowledge should be proud of him or herself, but like I said earlier, the knowledge, skill needed to become a pro trader doesn't come cheap, you have to subject yourself to learning, practicing, unlearning and learning again trials and error, learning from mistakes of yours and other, until you become a really good trader.

[jostorres]

if you want to keep earning in crypto even if you don't trade I think you should try staking it's better because staking when the market is negative is the best way to keep earning instead of having to invest risky because the market is so volatile. i have tried it, for safe staking you can go to binance, it cost big for bigger profit but its ok as long as we have it.

Staking immediately? But, why not investing first? The era of staking is I think have ended already because they are rarely being talked about anymore and if ever there are comments that I read, most of it are negative. The market is so volatile, but that is not a bad thing. That condition is actually great if you are in to trading because you can buy low and sell quickly.

This means that profits will flow easily. We are often advice to not store our funds inside a centralized exchange and you said staking on binance cost big? That isn't worth the risk then. I better hodl my crypto on my own wallet where I own my keys. I can still earn a profit with it but with lesser risk.

[Dr.Bitcoin_Strange]

if you want to keep earning in crypto even if you don't trade I think you should try staking it's better because staking when the market is negative is the best way to keep earning instead of having to invest risky because the market is so volatile. i have tried it, for safe staking you can go to binance, it cost big for bigger profit but its ok as long as we have it.

Instead of having to face the risk due to the market situation, you can do staking just as @kojektea have advised, but to be honest with you, staking doesn't really generate a big ROI, and the risk with staking is that since you are going to be staking with a centralized exchange, your coin is not completely under your control, and should any bad incident happen to the exchange, you face the risk of losing your coins.

[rozak]

if you want to keep earning in crypto even if you don't trade I think you should try staking it's better because staking when the market is negative is the best way to keep earning instead of having to invest risky because the market is so volatile. i have tried it, for safe staking you can go to binance, it cost big for bigger profit but its ok as long as we have it.

Instead of having to face the risk due to the market situation, you can do staking just as @kojektea have advised, but to be honest with you, staking doesn't really generate a big ROI, and the risk with staking is that since you are going to be staking with a centralized exchange, your coin is not completely under your control, and should any bad incident happen to the exchange, you face the risk of losing your coins.

rather than staking, I would prefer to stay silent and wait for the market situation to improve first. As you said, staking doesn't give a decent percentage. moreover, in the process, some lock assets in planning for a certain period. it makes us unable to use our assets to trade if the market situation then quickly improves.

[koleusdat]

You can see how many successful people are engaged in crypto passively in order to have a safety cushion. In unstable times, it is most convenient to get income quickly when the market outflows.

[Viscore]

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

You can have a million dollars and lost it in some hours to trading. You have to be disciplined and do not let emotion control you. Learn the basics and do not use more than the amount of money that you can afford to lose to trade. Use lesser amount less to start.

It is true that some people gain from trading but you have to learn and you will first lose and later you will become better to know if you have to continue to trade or not. Do not use high amount of money to trade, avoid that.

Trading can be sometimes profitable, but it can also be a source of great loss, depending on how skilled and experienced the trader is. However, for noobs in trading, expect that you will gain more losses at first but eventually, as you become more experienced and exposed to different trading scenarios, you will learn to adjust and adopt the required skills and strategies to make your trades work and result into profits. Know when to open or close a trade, that will help you to avoid inevitable losses especially for newbies like you.

[Silberman]

Trading can be sometimes profitable, but it can also be a source of great loss, depending on how skilled and experienced the trader is. However, for noobs in trading, expect that you will gain more losses at first but eventually, as you become more experienced and exposed to different trading scenarios, you will learn to adjust and adopt the required skills and strategies to make your trades work and result into profits. Know when to open or close a trade, that will help you to avoid inevitable losses especially for newbies like you.

We have to pay a price in order to learn, and on the markets that price has to be paid not only with your time and effort but also with some of the capital in your account, it is because of this that newbies should concentrate on protecting their capital, as it is inevitable they will make mistakes and lose some money because of them, however if they limit the size of their mistakes, then once they learn more about this market they will still have good chances of recovering what they have lost in a short amount of time, however if the losses they suffer are massive then regardless of the experience and knowledge they got out of those losses even the best trader around the world may find impossible to ever recover the money they have lost already.

[Aanuoluwatofunmi]

I would advise you to spend more time on a demo account. As for me, it is this method that allows the trader to try his hand in conditions close to real. It is due to this that you can get a good result.

Some never even make an attempt on this kind of move to start learning from somewhere, all they do is to begin the trading without considering what they might be missing out, this is why most cant avoid getting losses from what they do because they are not doing it the right way but expect the good results, there are online learning materials, guides, books on trading, article about trading, strategies as well as pattern to take while trading, demo account is a very good starting point to see how things works begin starting.

[jeraldskie11]

if you want to keep earning in crypto even if you don't trade I think you should try staking it's better because staking when the market is negative is the best way to keep earning instead of having to invest risky because the market is so volatile. i have tried it, for safe staking you can go to binance, it cost big for bigger profit but its ok as long as we have it.

Staking, in my opinion, is better when you put a large amount of money into it because there is a period of time to earn the % yield. The longer you stake, the greater your ROI. However, staking is still risky, especially if you don't know how to read the market because it's best to do it in bearish market. That is why many people are still losing money in it. Investing and staking still risk your capital if you don't know what you're doing.

[Huppercase]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

I hope when you say Bitcoin trading has change lives, it is in two ways; there are traders that have gained and there are others that have lost an incredible amount money while learning trading, it is very important for you to know the risk you are involve, it is not as rossy as you may read online, there more to trading that people talk about in reviews and trading tutorials you see online, I hope you make a positive impact in your own journey.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Everything lies in your pocket, the passive income you make depends on what you have to spare in each trade you open, a $1000 on a single trade of 5% is enough to make you $50 if you play your card very well because 5% is something you can make from this market easily, you can make more if the market is bullish in your favour or when you trade a coin that beomes traders favorite for pumps.

[michellee]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Many people want to start trading because they see many people already making big profits from trading. But those beginners don't equip themselves with basic lessons about trading and just wait for signals from other people to trade. That is a mistake because signals from other people will not be able to work optimally for them.

And if you want to start trading, you must learn about analyzing the market through its indicators, checking market trends, where the price will go and many other things. And you also have to learn to control yourself because later, you will encounter greed which has been a factor in the failure of people to take advantage.

But trading is not a passive income where you have to analyze market movements in trading actively. If you don't analyze, you won't be able to profit. So everything will depend on your ability to analyze market conditions and don't depend on other people but on your abilities.

[panganib999]

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

You can have a million dollars and lost it in some hours to trading. You have to be disciplined and do not let emotion control you. Learn the basics and do not use more than the amount of money that you can afford to lose to trade. Use lesser amount less to start.

It is true that some people gain from trading but you have to learn and you will first lose and later you will become better to know if you have to continue to trade or not. Do not use high amount of money to trade, avoid that.

I think those are already given. He's learned about bitcoin and all the benefits it could give you and all that kind of stuff. Not saying your advice is wrong, but I'm saying that at this point he's looking for technical advice that will help him with his trading journey. It's just a little redundant at this point and especially unhelpful. Next time focus on providing what they need right then and there and not beat around the bush.

Anywho, these forum threads could help you greatly when it comes to trading. Use them wisely

1. New to Trading - Tips and Suggestions (V1) Getting Started Full Guide
2. CEXs vs DEXs & Spot vs Future - Tips and Suggestions (V2)
3. Analysis & its Types - Importance of Analysis in Trading (V3)
4. Tips for Descriptive and Sentimental Analysis (V4)

You can also look at this helpful video on Youtube if these stuff aren't on your speed, this vid's one big compilation of all the fundamentals that you need to start on your crypto journey.
Good luck OP!

The Ultimate Cryptocurrency Trading Course for Beginners

[wajik-tempe]

I would advise you to spend more time on a demo account. As for me, it is this method that allows the trader to try his hand in conditions close to real. It is due to this that you can get a good result.

Some never even make an attempt on this kind of move to start learning from somewhere, all they do is to begin the trading without considering what they might be missing out, this is why most cant avoid getting losses from what they do because they are not doing it the right way but expect the good results, there are online learning materials, guides, books on trading, article about trading, strategies as well as pattern to take while trading, demo account is a very good starting point to see how things works begin starting.

Learning to trade demands a methodical approach at first. Trading without appropriate preparation might result in huge losses. Investing time in learning and comprehending trading ideas and methods is critical for long-term success. When making trading judgments, relying entirely on chance or intuition is insufficient. Traders may obtain the essential skills and information to make educated and strategic trading decisions by immersing themselves in educational materials and using demo accounts.

[cydrix]

There is a misconception that trading can lead to instant profits, but the truth is that without a genuine interest in learning, even with a large capital, reaching our profit objectives is unlikely. Predictions in trading are not always reliable, and the challenge lies in navigating market volatility and managing our emotions during fluctuations. Successful trading requires discipline, which demands courage and determination. It is important to avoid rushing and instead prioritize gaining knowledge before engaging in trading activities. Building a strong foundation of understanding is key to long-term success in trading.

[MFahad]

if you want to keep earning in crypto even if you don't trade I think you should try staking it's better because staking when the market is negative is the best way to keep earning instead of having to invest risky because the market is so volatile. i have tried it, for safe staking you can go to binance, it cost big for bigger profit but its ok as long as we have it.

I think that rather to involved in staking one should put some money in Bitcoin and instead of consider it risky one can also wait for the best because bitcoin can never disappear from a successful destination therefore it will be profitable if someone wait for the appropriate timing. It doesn't means that investment is risky but staking is not because staking posses its own percentage of risk and there is nothing which provides you profit without any risk so its Important to accept the profit with risk and try to learn those tips which is necessary to overcome the risk.

[Russlenat]

What's more, those who have no experience in trading or investing in crypto need to learn more about it,
trading bots are also not always profitable and I think many avoid using them,
Of course, everyone has their own decision.

Trading bots could be useful if you know how to trade yourself, but if you have no idea how to trade yourself, then bots can't help you with it. Think about it this way, I mean we are talking about a situation where it is going to be just a bot, that does what you tell it to do, and you have no idea how to trade and you are going to end up telling it to do the right thing somehow? We all know that's not going to be the case, we all know that it is going to end up being a lot less profitable than that.

So, the best thing to do in this case is to make sure that we are not dealing with anything that would be similar like that, just focus on learning how to trade yourself. After you make profits by yourself, you could start considering getting a bot as well.

Trading bots can be profitable but know that they are expensive too that’s why beginner traders should never rely on that. Instead, learn on your own by acquiring adequate knowledge and skills that will be vital to trading. Trading is hard and risky, that’s why one should never be confident relying on trading bots alone. Though it’s good if you are already making significant profits in trading, but if you want to maximize your knowledge and hone your skills as well, trading all by yourself is always the best key.

[Bushdark]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

This is where learning is very important when you want to acquire knowledge. Doing research and asking questions is a way for us to get more skills and understanding about what we are aspiring for. There is need for us to get understanding in crypto so that we pass the knowledge to people around us.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

  The major reason why people are so attached to trading is to make profits and nothing more. The skills we have in trading will determine whether we are going to make profits or not. There are people that are making profits during market speculations and it all depends on how the market is moving. If you are lucky enough that the market falls along your trade then you are going to market profits except the contrary happens.

[Distinctin]

I would advise you to spend more time on a demo account. As for me, it is this method that allows the trader to try his hand in conditions close to real. It is due to this that you can get a good result.

Beginners can use the demo account to familiarize themselves with all the basics of trading and the market. But I advise you not to overdo it, I mean, once you know the basics, then you should use yourself a real account with a minimum capital to start. If you use a demo account for a long time, you will not learn anything because when you know it is an account without real money, it will easily create bad habits for you. Using a demo account, we will not be afraid of losing money, but with a real account it is the opposite, so newbies using a demo account a lot will be counterproductive.

Demo accounts are only helpful if your intention is to make you aware on how trading works. But if your aim is to attract profitability and make a passive income, it could be possible but the risk is very high. You cannot expect for trading to be a source of passive income since everything in it is uncertain and unpredictable. And even if you are making good profits at it,  still you have to keep on learning and improve your experience that’s why you have to perform and keep moving forward to stay being productive.

[LUCKMCFLY]

I would advise you to spend more time on a demo account. As for me, it is this method that allows the trader to try his hand in conditions close to real. It is due to this that you can get a good result.

You are right, but demo accounts are quite limited for some people, that is , they don't like to trade with demo accounts because they consider it a waste of time, but the real reason why it is good to have a demo account is to verify everything. of the exchange and so do not make mistakes when you have to do a real account , this is very Delicate, some think and underestimate those who trade with demo accounts, and what they Learn is very good, it is also always reasonable to do things with more Precision because here what is lost is money, and that does Hurt.

[GxSTxV]

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

I will give you the shortest answer from my experience since this topic is complex and touches various perspectives including market manipulations. Trading is not easy and if you have heard of someone getting rich through trading without any experience that’s a pure gambling.

Based on my humble experience earning a good amount of money through trading requires a significant initial capital before starting to manage your risk, Safe and sustainable trading typically brings monthly profits of around 5%-8% of your capital, with the possibility of having lost months sometimes which is normal. So yes it is possible to generate passive income through trading, but it requires following specific rules, gaining experience, and practicing patience.

[Games.Bitcoin]

As a new trader, it's essential to understand some key principles to navigate the world of trading successfully. First and foremost, take the time to educate yourself about the basics of trading, including different strategies, risk management, and market analysis. Start small and gradually increase your positions as you gain experience and confidence. Remember that trading involves risks, and it's crucial to set realistic expectations and not be driven solely by emotions. Develop a trading plan, stick to it, and always practice discipline. Lastly, be patient and persistent, as trading is a continuous learning process. Seek guidance from reputable sources, join trading communities, and never stop expanding your knowledge and skills.

[Timmzzy]

trading bitcoin and other assets are not difficult to understand, thats if you really want to have the knowledge, i was once like you back 2018, when i see people make tons of money online i get wow and so asked my self when will i get to this stage what i did, i went into findings study more watch lots of YT videos just to have a basic knowledge of how to buy and sell. but the REAL TRUTH here is trading and investment is for SMART PEOPLE who already understood the RISK involved and not to panic. so if you want to be in that league get to WORK study more and ask less, also try DEMO accounts for practical.

[dunfida]

I would advise you to spend more time on a demo account. As for me, it is this method that allows the trader to try his hand in conditions close to real. It is due to this that you can get a good result.

Beginners can use the demo account to familiarize themselves with all the basics of trading and the market. But I advise you not to overdo it, I mean, once you know the basics, then you should use yourself a real account with a minimum capital to start. If you use a demo account for a long time, you will not learn anything because when you know it is an account without real money, it will easily create bad habits for you. Using a demo account, we will not be afraid of losing money, but with a real account it is the opposite, so newbies using a demo account a lot will be counterproductive.

Demo accounts are only helpful if your intention is to make you aware on how trading works. But if your aim is to attract profitability and make a passive income, it could be possible but the risk is very high. You cannot expect for trading to be a source of passive income since everything in it is uncertain and unpredictable. And even if you are making good profits at it,  still you have to keep on learning and improve your experience that’s why you have to perform and keep moving forward to stay being productive.

When it comes on trying out to familiarize on what are those terminologies and platform tools and its usage then demo trading is something that it is really that useful on which you would really be making yourself getting

familiarized on how things should really be done and how things should really be handled out but the con's on focusing too much in demo is that you would really be missing out that emotional enhancement because we know that once we are dealing with demo trades then you cant lose money which means that emotion is really that absent or cant really be something be felt since there's no risks involved.
This is why on the time that you would really be making out some familiarization on demos then its better to directly deal up with real trading but of course since you are still
a newbie then you should really know about that risks management which it is really that something that you would really be needing to to mind on.

[nur rochid]

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

I will give you the shortest answer from my experience since this topic is complex and touches various perspectives including market manipulations. Trading is not easy and if you have heard of someone getting rich through trading without any experience that’s a pure gambling.

Based on my humble experience earning a good amount of money through trading requires a significant initial capital before starting to manage your risk, Safe and sustainable trading typically brings monthly profits of around 5%-8% of your capital, with the possibility of having lost months sometimes which is normal. So yes it is possible to generate passive income through trading, but it requires following specific rules, gaining experience, and practicing patience.

a person with minimal experience in trading but he gets big profits, I think he is lucky in his gambling, but for trading in the long term I think luck will not come continuously. therefore learning from the beginning I think it will be better for the future of our trading.
and one more thing there are many incidents around me, in fact many people use small capital but want big returns of up to hundreds of percent, they are proud if they can achieve it in the near term, but many of them don't last long, because trading must have logical portfolio

[bettercrypto]

It is true what you know and read here in the forum, Bitcoin and cryptocurrency have associated risks and that is because of the volatility that it has.

       Now, to your question about trading, you can actually get profit here if you have a deep knowledge of crypto trading because that will be your advantage here as a trader. Because if you only have a little knowledge, it will be a bit difficult for you to get a profit here every day in my opinion.

[TelolettOm]

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Gaining profits through Bitcoin is possible but no guarantee that you always get profits every time you trade Bitcoin. If you only look for additional or side income, trading Bitcoin is no problem. It is quite safe to buy Bitcoin during this red market since it is likely growing toward the upcoming BTC halving (bullrun). But you must understand that not every day or not every week Bitcoin price is increasing, there should be some drops/dumps and sideways as well. So, you must be prepared if the price of Bitcoin drops immediately and you failed to get income. However, you just need to hold the Bitcoin and wait for the next pump whenever you experience it.

In conclusion, it can't be an option if you expect a regular income. Bitcoin trading or altcoin trading is more appropriate for side/additional income.

[Alisha-k]

To gain profits with Bitcoin isn't a difficult thing, it's very possible, the issue is on the consistency of always making profits, you have to work yourself into personal discoveries of how Bitcoin works because, most the things you'll get to read here may end up confusing you the more.

[noorman0]

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Yep, they are profitable by taking advantage of this speculation but on the other hand traders have to take the risk with all the money involved. There are 2 risks you can take depending on the type of trade:
- In the spot market, you bet time until your entry is profitable (according to the popular belief that 1 bitcoin = 1 bitcoin forever)
- In the futures market you bet money, you can increase the volatility according to the leverage set on your entry, which also means you shorten your trading term (can even be liquidated in seconds).

[gabbie2010]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Truly you might seen some profitable records of some crypto traders online which has prompted you to delve into crypto trading of course crypto trading is profitable however it takes lot of time and effort to learn and gain experience, therefore you might start trading by receiving signals from paid service or you can as well learn how to trade with resources available on the internet this path is best bet unfortunately it's a lot of experience in becoming a consistent in profit earning therefore it's up to you decide which of route to pick interest in paid signal providers or self taught trader.

[Lida93]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

Learning about cryptocurrency trading never ends, as the more we learn the newer experiences we gain to apply to as more suitable strategy to assist in depleting risk to the barest minimum in our trades because trading is of a truth not an easy task so don't be full of yourself thinking you have read many enough there's still much more to discover.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Market speculations just as the letters implies are mere opinions of other traders based on their perspective or lens about the market.  Wether you chose to trading on bitcoin or alts you're expected to do you're own market analysis about the very coin before delving into any trade and not rely on speculations from other traders as some of them are bunch of opinions from paid promoters alike, so therefore you could be losing your money even before trading stead of profiting.

[GeorgeJohn]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

there's something that I want you to understand for cryptocurrency trading because not everyone who have the knowledge of cryptocurrency trading always be successful in terms of trading of Bitcoin, trading can be everywhere but it is not everyone who trade Bitcoin become successful because of the ability to understand the strategies all the measures that is being applicable or applied for bitcoin trading, many people has left the Bitcoin because of the disadvantages they obtain during the time of bitcoin  trading and the different kind of investment in Bitcoin, so it's obvious that you have to learn and comprehend the strategic way of trading before venturing into it.

[AmoreJaz]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

there's something that I want you to understand for cryptocurrency trading because not everyone who have the knowledge of cryptocurrency trading always be successful in terms of trading of Bitcoin, trading can be everywhere but it is not everyone who trade Bitcoin become successful because of the ability to understand the strategies all the measures that is being applicable or applied for bitcoin trading, many people has left the Bitcoin because of the disadvantages they obtain during the time of bitcoin  trading and the different kind of investment in Bitcoin, so it's obvious that you have to learn and comprehend the strategic way of trading before venturing into it.

many newcomers are in a rush because of the thought of getting those high profits. however, they will soon find out that getting into this market is easy, but the work in trading is not a walk in the park. you need to learn the ropes to understand how you can get profits from your trading.
you may have known how bitcoin is, its pros and cons, but the trading is different. start small so you would know how to execute a trade in crypto.

[freedomgo]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Trading is hard and risky that’s why it’s hard to expect that you can make a passive income out from it. Though at some point, trading will give exceptional profits but only for those who have high experiences in trading and those who are already well-skilled and have developed their best strategies in trading that make their trades very worthwhile. However, since you’re still a beginner, do not expect for profits but expect for more losses instead. That’s the reality in trading, you will never grow your income if you are not skilled traders in the first place.

[Bushdark]

if you want to keep earning in crypto even if you don't trade I think you should try staking it's better because staking when the market is negative is the best way to keep earning instead of having to invest risky because the market is so volatile. i have tried it, for safe staking you can go to binance, it cost big for bigger profit but its ok as long as we have it.

I think that rather to involved in staking one should put some money in Bitcoin and instead of consider it risky one can also wait for the best because bitcoin can never disappear from a successful destination therefore it will be profitable if someone wait for the appropriate timing. It doesn't means that investment is risky but staking is not because staking posses its own percentage of risk and there is nothing which provides you profit without any risk so its Important to accept the profit with risk and try to learn those tips which is necessary to overcome the risk.

Timing is one of the ways we can make money as a trader and should not just enter the market like that and buy Bitcoin without knowing what the next move of the market could be. Those who bought large quantities of Bitcoin when the price was at $60k did that because they dis not plan themselves well before making an attempt to buy Bitcoin which we all know that the price is very volatile.

If op want to make money in the crypto market, he would have to use money to make money because you can not make money from the Crypto market when you are not an investor. Investing in Bitcoin would make you to spend some of your funds purchasing Bitcoin and keeping it for when it appreciate and you are ready to sell you holdings.

[Ricardo11]

Before starting trading you need to acquire detailed knowledge about crypto currency, trading and trading market. All information about trading should be known. And trade at the right time by looking at the trading market before trading. But remember that you need to have educational qualification to do any work. Do your detailed research about trading. Do detailed research on what period of time trading makes profit or loss. And consult with an expert trader before trading.

[RewFrew]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Bitcoin and all cryptocurrency trading is very risky. If you learn properly and trade you will be benefited but without proper knowledge if you wabt to trade you will be big loser fron cryptocurrency trading. So at first you need proper knowledge about trading. I know you learn from this Forum and yoy search and read Bitcointalk thread. You did well, i think The more you learn, the better you will do. For bitcoin trading you can shere your fund three part, one part for long time hold,  one part for mid time hold and another part for short trading. If you trade following this way your losing Chances will be reduced. And there will big chance to profit.

[Timmzzy]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Trading, staking, and even lending is a sure means to make passive incomes in the crypto space, but before you dive in those space just try you possible best to gain knowledge on the particular area of interest be it trading or staking.

[fauzan Ichsan]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Bitcoin and all cryptocurrency trading is very risky. If you learn properly and trade you will be benefited but without proper knowledge if you wabt to trade you will be big loser fron cryptocurrency trading. So at first you need proper knowledge about trading. I know you learn from this Forum and yoy search and read Bitcointalk thread. You did well, i think The more you learn, the better you will do. For bitcoin trading you can shere your fund three part, one part for long time hold,  one part for mid time hold and another part for short trading. If you trade following this way your losing Chances will be reduced. And there will big chance to profit.

short-term trading has the greatest risk, which requires complex knowledge, therefore if we divide our capital for the purposes of the three types of trading, we can choose long-term trading at first and place most of our capital in this type of trading, and while learning we can start short and medium term trading, that way over time we can make a profit instead of losing, on the other hand we can still enrich our knowledge about trading, many people immediately do short-term trading because they have the ambition to get a lot of money, this kind of attitude must be eliminated

[xiaofengfeng]

 MARK.I will answer you in detail when I am free.

[YOSHIE]

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Depending on how you trade on the crypto market and how much knowledge you know and have in crypto trading, to generate passive income and prevent the risks that you will face when the trading process is carried out.

On the one hand, crypto trading does bring blessings to those who are experts in trading, on the other hand it can be disastrous for those who enter the crypto market.

Bottom line: crypto trading is not just reading in this forum, you need to understand and learn from experts who trade crypto, you need to be an expert to control yourself in doing so, this is all for you to avoid real risks and losses for you, crypto trading is not as easy as turning the palm of the hand, you need real guidance for all of that. You cant see the people here profiting in crypto trading, you have to see the people behind the users making those profits in trading.

[goldkingcoiner]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

If you are a seasoned trader, then sure go ahead. But if you have little to no experience, your best bet is to hodl for the long term. Since you seem to be the latter, I think you should stay away from trading until you learn the basics and have practiced a little bit. Or better yet, practice a lot.

There are testnets with which you can try out Bitcoin and also there are some which simulate trading Bitcoin on a centralized exchange.

You can try out trading strategies without losing any money. One testnet that I could wholeheartedly recommend would be Deribit testnet. I think you can even test out derivatives and options.

[lienfaye]

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

You can earn in trading but the returns are not guaranteed. It depends on the level of your knowledge, strategy and skills to make a successful trade. It might easy as it seems but still associated with risk. Hence, you can earn huge and lose your money as well if you made a mistake. Just shows that not all traders are able to profit when they trade.

I tried to be a trader before but I think it's not really suited for a working person like me. This is also the reason why I decided to become a long term hodler of Bitcoin. Less risky and less pressure since you're the one in control on when you plan to sell your Bitcoin.