Is cryptocurrency trading easy or difficult?

[hostm]

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?

[Oshosondy]

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

Yes, it is possible but it is not advisable because as you may be looking for profit you may be losing instead as most traders are losing. But if you are patient and using the money that you can afford lose to trade, you can make profit.

Do not use leverage or use very low leverage.

Avoid most altcoins, especially the highly volatile ones.

Risk management is very important.

Do not depend on your trading income.

Be watchful of addiction.

[Razmirraz]

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

It is possible, but trading Cryptocurrency every day or every week also has big risks, although some people have managed to make money from short-term crypto trading, but not a few have also experienced losses. You need to understand technical and fundamental analysis, manage risk effectively, and avoid making decisions based on emotions like FOMO or FUD if you want to succeed in crypto trading.
If you are just starting out in trading, then start with a small amount and increase it gradually when you are ready for everything that will happen in trading. However, if you want more flexibility because you don't have time to monitor the market every day, then switch to long-term investment using the CDA strategy, this method is very commonly used and has proven to be very effective and efficient.

[DPHOR]

Currently now I wouldn't advise you to trade instead it would be that better to buy and hold Bitcoin for long term because the market is too volatile and you might lose, although it doesn't change if you are good in trading then you can start making profits from the market as its changes over time. Currently the market is extremely volatile and it would be that to venture into the market and start witnessing looses from the market, the main thing to do now is just to hold for long while the the market recovers.

[Bitcoin_Arena]

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

It's possible, but obviously you are going to win every trade. Sometimes it will be a loss, while other times it will be a profit. The goal is the to keep the win rate up with a good risk-reward ratio while making sure you don't blow off your account in the process (proper risk management strategy)

Most experienced traders will definitely tell you that; buying and holding long-term (trading higher time frames) > spot trading short time frames > Trading derivatives using leverage.

[rat03gopoh]

But many people have now learned to hold Bitcoin for years.

If I had found long-term holding profitable, I wouldn't have looked elsewhere.

The phrase "trading is easy" depends on the situation. You may already have a real income generating a steady income, but it's better not to actively trade crypto, as trading will only hinder your primary productivity. Trading makes things harder for you.

[Hamza2424]

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?

Making money from swing trading or day reading is not as easy as it is to make money from holding long term project like Bitcoin. Because we need to continuously observe the market, look for opportunities and hunt then down like hunter, we need to follow the indications, follow our guys sometime, we can't show mercy or be greedy because once we become emotional we lose. Therefore trading daily or weekly require more work and time and also capital is lost more from my experience.

Holding is the best because we don't have to worry about the current positions, we are holding for long time so we wait and eventually we make profit but it is advisable only for bitcoin.

[Rruchi man]

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

It is very possible. Of, like, ten persons who trade crypto, only, like, two are profitable, really, and that shows how difficult it is because if it were easy, everyone would be doing it.

Knowing that it is not easy, and at the same time not impossible, to learn will prepare your mind for the task of learning because it is a process that you must be willing to commit to.

To gain trading knowledge, there are resources online that you can commit to, and there is also the option of you having someone with positive trading results show you how.

[Johnlomape]

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?

You said you bought Bitcoin in 2015 and 2019, and you have not told us whether you were able to find your Bitcoin wallet and access it or this your post is coming from an imaginary plain. I know that there will be people that will remember now that they once bought Bitcoin at a very low price but they can not access their wallet because of carelessness in handling their seed phrase safety.
You should not keep your Bitcoin seed phrase anyhow because of you do, it can get damage through accident you might never found it again forever.

[Asiska02]

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

This is very possible and people do it everyday. It requires a lot of knowledge and continuous reading and pushing effortlessly to get things done as it should. The trading market is very big and people come on a daily basis to make money from the market with the knowledge they have of the market and how it operates. You should also know that Bitcoin trading does not guarantee you good returns always, you may be faced with losses along the path and this will make even further the whole process seems unachievable.

Trading is not for the weak and when you’re found to be wanting, you’re most definitely going to leave the trading market sooner as it won’t be appealing to you anymore. The trading market is a process, so passing through the process with thoughts, this will give you an edge over the market in the long term prospect of it. There is money in trading, but learn the basics first before fully venturing into it.

[8rch7]

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

Current bitcoin have raise higher price I think still possible to make profit trough daily or weekly in cryptocurrency despite your trading with bitcoin or altcoin, looks how many percent price of several coins in daily and weekly raise up and down make its possible to take profit although trading only with bitcoin. Buying at the right moment when price dump is most important key if want take profit as faster as possible for daily or weekly if you buy at the most higher price maybe you can't take profit for daily and weekly but need monthly for price recovering back.
Looking the market right now, I am really interested to take profit in daily or weekly because several top altcoin and bitcoin has possibility break out more than 4% until 6% its possible for us earn profit almost for daily.

[FirmWars]

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

Crypto trading is difficult, many people are doing it but only few people are successful from that career and so many people that has tried it but failed has given up because of the high risk in trading. If you involve yourself and your Bitcoin in trading, there's no guarantee of success, you will likely lose all the Bitcoin you have held because as you keep reducing your balance so you will continue to chase and be left with no money again.

[jossiel]

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.

Well, you're not the only one that made this mistake. Many of us sold too early but we've learned from that experience.

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

That is possible.

But know this, most of the traders that does this are losing instead of making a profit. The ones who are profitable are the holders and this has been proven as per experience by each of us.

[KingsDen]

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

Crypto trading is difficult, many people are doing it but only few people are successful from that career and so many people that has tried it but failed has given up because of the high risk in trading. If you involve yourself and your Bitcoin in trading, there's no guarantee of success, you will likely lose all the Bitcoin you have held because as you keep reducing your balance so you will continue to chase and be left with no money again.

Crypto trading is not for everyone. But this is the hard truth that people do not want to acknowledge. Trading is not only about the numbers, it is about the emotions;
About then financial management;
About the risk management abilities,
About the trend and
About the consistency.

It is not everyone who possess these qualities and that is why newcomers fail in trading. But one thing is that almost all the newbies will surely try trading as a fast means of escaping poverty until really is done on them.

[Bd officer]

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?

Not only you, many people sold Bitcoin quickly in the past. In fact, no one knew in the past that the price of Bitcoin would be so high in the future. So there is no point in regretting it, it is not wrong, but learn from it. Now you start again and hold for the long term.

Actually, trading is very difficult so not everyone can profit from trading, I have seen most people lose money. If you have experience and can analyze the market then you can profit but remember that trading is very risky so try with what you can afford to lose. My personal advice is that you can invest for the long term instead of trading which is much less risky.

[Furball808]

Yes I know traders who have been profitable but don’t expect it to be easy. Those profitable traders even ones who do it during the bear market are the tenured ones. If you’re just starting out, maybe reduce your expectations and just work on getting better.

[programmer3666]

As a crypto trader who is still learning the rules of the ecosystem everyday, I can tell you for fact that crypto is not as easy as it appears, It is very possible to actually make some profits on a weekly or even daily basis but in same way it is quite easy to lose your capital, and losing capital is even the easiest because a lot of crypto traders trade with emotions, up till now I am still trying hard to control my emotions but I am gradually getting there. For a beginner it looks like you will make millions when you have a view of it from outside!! Until you come into the game and find out the hard way.

[Lida93]

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

I would not sugarcoat it, it's possible but also difficult to have it in that way where you be making profit daily and weekly as you trading. Trading isn't a class room course where you learn everything in one term, you learn as you go on practicing it and you would be making losses more than profit when you're not really that knowledgeable at it and with a good emotional/psychological management.
I strongly advocate for bitcoin investment rather than trading, the risk to loss is too high.especially when you're leveraging.

[Alphakilo]

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?

Crypto currency trading is quite easier these days although it is not a guarantee you would make profit from it, because it requires much discipline, consistent effort, risk management practices, financial and emotional control above all else.
To get the knowledge and begin the trading journey is the key to your success, because fortune favors those who are brave and not afraid to make loss while taking risk.
These days also, trading bots, trading view platforms exist for copy trading, AI bot automation and even analytics. So use at your discretion but you must do your own research.

[Josefjix]

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?

Don't start weekly or daily trading, I have to be blunt to you, it will ruin your mental health and make your life disordered. It's better to keep on doing the yearly investment you've been doing.

If you want to enjoy longer time investment, be sure you have a passive income source for survival and for investment, so you literally keep your assets without touching and disturbing it.

Doing that lets you benefit for longer term investment.