Is cryptocurrency trading easy or difficult?

[Versatile_choice]

it's possible to make profit from trading on a daily, weekly or monthly basis depending on your trading plan but I can't really tell you trading is difficult or easy because my opinion might be different from other people's experience, to some it might be difficult and to others it might be easy. personally, I don't trade much because I don't have the time to monitor the charts consistently that's why I prefer investments.

Trading is never an easy thing, that is why people should first of all seek the basic knowledge and the understanding of trading, that is to said that they should be aware of what it takes for one to exhibit during trading, which will make them to be successful and profitable in their trading. So, people should not always be in a haste to start benefitting from trading when they don't have all that required of them, in order to be at the right path, which includes determination, hardwork and consistent despite the challenges or risks that involved in it, but have the awareness help them to be able to scale through it and be profitable.

[GeorgeJohn]

I remember in 2015 I managed to buy my first Bitcoin very cheaply, for 200 or 300 dollars (I need to find my old bitcoin wallet to get the exact price). But my mistake was that I didn't hold that long.

At first people were scared of investing in bitcoin for long-term during the time bitcoin newly introduced, but at of 2015 people have started making research about bitcoin, if they will panic after they have invested in Bitcoin or not....I believe lack of research, will be the thing that will lead some bitcoin investors to be scared of bitcoin....

In 2019, I also bought bitcoins and stored them. But many people have now learned to hold Bitcoin for years.

Investing in bitcoin is something of determination, and i noticed that you were not using your spare funds to invest in bitcoin....at of 2019 investors has already started coming in for bitcoin investment and bitcoin then, were close to be known from the grassroots...why you invest and go off, is due to you were not having the trust on bitcoin...

Is it possible to trade cryptocurrency daily or weekly and make a profit? Are you able to make money from trading?

It depends the period you trade your bitcoin, because the market of cryptocurrency entirely, is not stable, so making profit in bitcoin is not guarantee both daily trading neither weekly..profit can be made at anytime, due to your luck.

[Franctoshi]

I remember in 2015 I managed to buy my first Bitcoin very cheaply, for 200 or 300 dollars (I need to find my old bitcoin wallet to get the exact price). But my mistake was that I didn't hold that long.

In 2019, I also bought bitcoins and stored them. But many people have now learned to hold Bitcoin for years.

Is it possible to trade cryptocurrency daily or weekly and make a profit? Are you able to make money from trading?

Both, but depends on your approach towards trading, it can be difficult when you don't have a plan and strategy in place, or target to navigate the space. but it can be easy when you used the right approach. Using the money you can afford to lose, Applying strategies such as DCA, trading less and and focusing on trading Bitcoin while leaving to trade all these memes and Altcoins.

[Hetha.io]

Yes, it is possible to make money trading, some people do.

But in reality it is not as simple as it looks... Even when your idea is correct, the result can still surprise you. Liquidity and slippage matter more than most beginners expect. Relatively small size can already move the price and reduce your edge.

[beerlover]

Making money in any shape or form is not easy, this includes trading too. After confirming that, I would say compared to mining, and I do not mean like crypto mining, I mean like coal mining with pickaxe and all, what you do with trading is so simple that I am shocked not a lot more people are doing it. Sure it requires a lot of patience, but in order to be a doctor you study for nearly 10 years including your internship at a result hospital.

What do you think would happen if you did not traded for five years but only studied, mentors, resources, books, youtube videos, courses, and you became so great that after five years is done, you end up demo account trading or small amount real trading for 2-3 years? You would end up being a magnificent trader.

It is only hard because people think they can go into trading today, and make a profit tomorrow. That's not going to happen.

[SOKO-DEKE]

I remember in 2015 I managed to buy my first Bitcoin very cheaply, for 200 or 300 dollars (I need to find my old bitcoin wallet to get the exact price). But my mistake was that I didn't hold that long.

In 2019, I also bought bitcoins and stored them. But many people have now learned to hold Bitcoin for years.

Is it possible to trade cryptocurrency daily or weekly and make a profit? Are you able to make money from trading?

It is not easy to make profits from trading, but I will still say that with proper knowledge of trading, someone can make money from it. In fact, one can make money from trading from time to time. However, always know that it is not all the time that a trader will be making money.The main reason why many traders always lose money in trading is often because they lack knowledge about it. I am not a trader because I do not trade often, so I cannot consider myself a trader, as I do not focus more on it due to the stress someone always goes through.For me, I do not always make profits from trading like that, but sometimes I do make some profit, even based on my little knowledge of trading. However, I have seen some good traders who make profits from trading from time to time.to be honest, trading is not easy to make profits from.

[WhoYouCantKill]

Both, but depends on your approach towards trading, it can be difficult when you don't have a plan and strategy in place, or target to navigate the space. but it can be easy when you used the right approach. Using the money you can afford to lose, Applying strategies such as DCA, trading less and and focusing on trading Bitcoin while leaving to trade all these memes and Altcoins.

I don’t understand what you mean by apply the DCA strategy in trading. The DCA should only be a strategy for investors, Bitcoin investors and not traders. Even if you’re trading Bitcoin, the DCA strategy won’t be much of help to you, except kinda switch from trading to investing and consistent accumulation, then the DCA would make a lot sense at that point.

Again, even with a well thought out approach and strategy, trading can still be very difficult for a trader, and it doesn’t really matter how much experience and skill you’ve got, this is because you can’t always predict the market’s short term movements regardless of your analytical ability, skills and tools.

[shinratensei_]

Yes, it is possible to make money trading, some people do.

But in reality it is not as simple as it looks... Even when your idea is correct, the result can still surprise you. Liquidity and slippage matter more than most beginners expect. Relatively small size can already move the price and reduce your edge.

That kind of thing only happened in DEX with low liquidity, still using x * y = k uniswap V2 pool model and not curve model. In exchange that are big enough, slippage and liquidity shouldn't be a problem because there are market makers.
Hardest thing about trading is to stay profitable instead of the slippage and liquidity. You can be having all liquidity in the world but if you consistently losing then you failed as a trader.

So far, only minority of people are profitable in trading. Even if you got $0 PnL basically have no profit nor losses, you're already in that minority.

[PERtua]

I remember in 2015 I managed to buy my first Bitcoin very cheaply, for 200 or 300 dollars (I need to find my old bitcoin wallet to get the exact price). But my mistake was that I didn't hold that long.

In 2019, I also bought bitcoins and stored them. But many people have now learned to hold Bitcoin for years.

Is it possible to trade cryptocurrency daily or weekly and make a profit? Are you able to make money from trading?

It is not easy to make profits from trading, but I will still say that with proper knowledge of trading, someone can make money from it. In fact, one can make money from trading from time to time. However, always know that it is not all the time that a trader will be making money.The main reason why many traders always lose money in trading is often because they lack knowledge about it. I am not a trader because I do not trade often, so I cannot consider myself a trader, as I do not focus more on it due to the stress someone always goes through.For me, I do not always make profits from trading like that, but sometimes I do make some profit, even based on my little knowledge of trading. However, I have seen some good traders who make profits from trading from time to time.to be honest, trading is not easy to make profits from.

Crypto trading is not a simple task, as many people believe. It can also make profit on a daily or a weekly basis but only with good knowledge and discipline plus good risk management. The market is very volatile and this offers opportunity but at the same time, the possibility of incurring losses is high. Lots of traders fail not because it is impossible to trade, but because they have no appropriate knowledge and emotional control. Bad decisions are usually as a result of fear and greed. Less stress can also be experienced holding long term as compared to active trading. I think that it is possible to trade profitably on a regular basis, however, experience, patience, and learning are some of the factors that are required.

[terrific]

Crypto trading is the same as stocks trading and any other means that you can profit from each market.
But what real traders aren't telling you is that there could be a huge difference of risk that they're taking.
If you're not fond of the other markets like the stocks, they're mostly stagnant at all times. Unlike the crypto market, it is volatile 24/7.
And it can be affected by some good news and you'd see a tremendous growth in a day or vice versa.
You think you can make profit on it daily? yes. But do you have what it takes to be one?