Is cryptocurrency trading easy or difficult?

[LogitechMouse]

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?

Well, it's not only you that made that mistake. There are many more out there that did the same, and now having the same feeling as you right now. I would also do the same as well if I only knew Bitcoin way back in 2015. I might buy some of it, but I will not hold it for a decade because... I don't have plans on doing it back then.

Don't worry because I've earning Bitcoin since 2018 through signature campaigns and I've been converting them ever since. Imagine if I only held all of the Bitcoins that I have earned up until now. My life would be different from where it is right now, but it is what it is. Dwelling from my past decisions will not change anything. The best thing to do is to just move on, move forward, and make better decisions for the future. As for trading crypto daily or weekly and make a profit, it's possible assuming that you're an expert already and you already found a strategy that will give you weekly profits. Professional traders have their own strategy where it works for them, and they're making money on a weekly basis.

I have made money from trading already, but if I will consider all of the money that I've been used in trading, I'm still at a loss overall. This year has been better compared to last year. I'm making small profits here and there already.

[TheUltraElite]

Buying and selling a click away, there is not difficulty in that.

But if you want to know about making money from trading, then it is a difficult process and requires patience.

I do agree that old timers have seen prices much lower, I started with a price of ~600-700$/BTC back in 2015 and look at where it has raised to now. It is defenitely possible to make money over long term but the choice to invest in crypto is personal. If daily trading is not your thing, go for long term holding.

[YOSHIE]

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

Basically, crypto trading is easy or not depending on the trading knowledge you have mastered. In short, crypto trading is generally the activity of buying and selling the crypto assets you buy, what type of crypto you buy is also one of the main considerations for making a profit. financially.

There are several types of crypto trading features generally used by users, such as spot trading, futures leverage, stop-loss, margin, order types and so on, in essence all of these trading methods are risky, But if you master and fend off each of these risks, of course you can make a profit in trading.

[AVE5]

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

If you've learnt about and bought bitcoin since 2015 you're expected to had understood that investing in bitcoin can only be profitable when hold in the long time, which means it's not a new development of investors discovering recently that bitcoin is a long term asset.

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

Trading isn't common as the way investors could just buy and hodls without having to undergo the risks of the unpredictable volatility in the short time.
To stand in good trading position or to be a profitable trader, you must attain a high level of criteria with good studies of predicting volatility, good financial management, risk bearer and must have trading plans or budgets.
After all, you're still not going to be guaranteed to win all times as a day to day trader.

[MarjorieZimmermanGinger]

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

This is directly related to the skills you have and even professional people in trading also experience losses at certain times so achieving consistent profits in daily or weekly trading is difficult to achieve, especially for people who do not have good trading skills. If asked whether people can make money in trading, perhaps the answer is yes because many people are successful in trading, but it must be remembered that trading is quite risky for people who do not have the skills. I can make a profit in trading but at the same time I also have the potential to lose money in it and it depends on how you trade by relying on skills or just following the trade like a normal person.

[Stable090]

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?

When bitcoin was still in the early stage, most people that bought bitcoin during that period didn’t hold bitcoin, because most of them didn’t have much confidence in bitcoin then. After making some profits, they decided to sell because they were thinking bitcoin price is going to crash, and won’t be able to rise again.

People do trade bitcoin daily and weekly and they still make profit, but that doesn’t mean they won’t be losing also, but there profits will just be more than there loss. There are some people that depend on trading as there only source of income, but I don’t always encourage that, if you want to be a trader, then get something doing also.

[Alone055]

Buying and selling a click away, there is not difficulty in that.

I would say it's easier said than done, because while it might be a click away for someone like you and me because we have been into technology and have been using all sorts of electronic devices for very long, so it's not difficult for us to use an exchange platform, but for someone who has minimal knowledge about these things, it's not as easy as ABC; they are surely going to struggle to understand how things work in an exchange, and they will need complete guidance about how they should do it even if they are educated.

We often say that these things are easy, like making trades, using exchange platforms, or even using wallets to make transactions, but they are easy for us because we have been using them since the beginning, but someone who has just started using cryptocurrencies, and they are seeing exchanges and wallets for the first time, they are surely going to have a hard time.

Also, I think the difficulty in trading is not only in the process of opening and closing trades, but it's about understanding the market and being able to make profits from it.

[Powerjumboo]

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

Trading is very risky. It is not easy to make money from a trading platform or trading is not an easy way to make money. If trading platforms were an easy way to make money, people would put trading platforms at the top for making money and everyone would use them. I myself am not successful in trading platforms. I have lost most of the times I have traded, which is why I do not consider trading as an easy way to make money.

However, professional traders who can analyze trading signals and the market well may be able to make money from trading platforms, but that is very rare. However, I would say that those who do not have trading experience can especially make short-term investments instead of trading, in which I think they will be profitable instead of losing.

[leonair]

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?

Cryptocurrency trading is never easy. However, many people think that trading is very easy and rush into trading. And they gradually face big losses while losing. Trading requires very good technical knowledge and analysis skills. Not everyone has this and not everyone can achieve it. Trading can never be called easy. I have never gotten good benefits from trading. Even if I could make a profit for some time, I had to accept losses later. So I think trading is very difficult. Just buying and selling a coin is not trading.

[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?

Cryptocurrency trading is never easy. However, many people think that trading is very easy and rush into trading. And they gradually face big losses while losing. Trading requires very good technical knowledge and analysis skills. Not everyone has this and not everyone can achieve it. Trading can never be called easy. I have never gotten good benefits from trading. Even if I could make a profit for some time, I had to accept losses later. So I think trading is very difficult. Just buying and selling a coin is not trading.

I concur with the fact that trading of cryptocurrencies is not easy. It appears easy to hold Bitcoin now, however, in 2015 or even 2019 it meant having to wait and have a solid faith in the project. It can be traded on a daily or weekly basis and some traders do make regular profit but it requires technical skills, an understanding of the market, discipline and risk management. Most of the newcomers approach the market with a view that it is easy money only to lose when they succumb to feelings like fear and greed. It is possible to make profit in the short term but maintaining the profitability in the long run is the hard thing in crypto trading.

[Coyster]

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

Usually when people ask this kind of question, i think it is advisable that they should not trade, because it is obvious they wouldn't know what they are doing and the only thing they'd understand is how quickly they would lose their money. That said, OP, you talked about hodling bitcoin, it may just be better to continue that way, at least until your learn and understand trading for yourself, and at that point in time you'd not have to ask us this sort of question.

[hostm]

I am selling ( short) Bitcoin at 67205, stop loss 67300, take profit 1: 66900, take profit 2: 66800. This is not a trading recommendation.

Take profit 1: Done, stop loss at break even : 67 000 , Take profit 2: Done. The left is stopped at 66500.



I will buy Bitcoin on the spot market after every winning trade. Just bought some BTC on the spot market at 65 145

I'm placing a bid to buy (long) Bitcoin with a 10x margin at 64,950. This is not a trading recommendation.

[KataifiDream]

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?

Yes you can trade daily or weekly and still make a profit. However, you must be careful for possible addiction and control your emotion. Since most of the newbie trader become impulsive once they get their first trade as successful. Also, trading in cryptocurrency is not easy because of its high volatility. You can make it as extra profit but don't make it your main source of income.

[hostm]

I'm canceling my buy order (long) for Bitcoin with 10x margin at 64,950, as it's a bit risky right now. I'm looking for a more favorable entry point.

[Royal Cap]

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

Of course, it is possible to make a profit by trading daily or weekly but it is not easy at all. And it has to be taken as a full time skill. If you enter part time, without a plan the chances of losing are high. And holding and trading are two different things, for many long term holding is more profitable because there are fewer mistakes, So the answer to the question of whether it is possible is yes but the answer to the question of whether it is easy is no.

[shawonngp]

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?

Cryptocurrency trading is never easy. However, many people think that trading is very easy and rush into trading. And they gradually face big losses while losing. Trading requires very good technical knowledge and analysis skills. Not everyone has this and not everyone can achieve it. Trading can never be called easy. I have never gotten good benefits from trading. Even if I could make a profit for some time, I had to accept losses later. So I think trading is very difficult. Just buying and selling a coin is not trading.

So far in trading, my profits exceed my losses. Although I am not a regular trader, I like to trade monthly and feel comfortable, because I have a full-time job, so I don't have enough time to do much research about the market or any coin. But I think if you buy a coin and sell it at a loss, you are also considered a trader, because those who trade daily or weekly and make a lot of profit are not the only traders; the person who incurs a loss is also a trader. Newbies who start trading see it as a way to earn an easy income. They have no knowledge, so they lose everything in the beginning.

[Finebone]

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

Yes it's possible to trade cryptocurrencies daily and also make profit from it daily if you are trading the futures or derivative market, but in the spot market, it's difficult to make profit daily, not impossible, because when you bought most times and be hoping to sell in a profit latter in the day, the value of the asset bought may drop drastically to the extent of you not being able to sell that day again till the asset appreciate back in value, but it's very possible to make profit daily from futures and derivative market since it's more of predicting the direction of the market than holding and be hoping to sell when you are in profit.

[Pandu Geddon]

Of course, it is possible to make a profit by trading daily or weekly but it is not easy at all. And it has to be taken as a full time skill. If you enter part time, without a plan the chances of losing are high. And holding and trading are two different things, for many long term holding is more profitable because there are fewer mistakes, So the answer to the question of whether it is possible is yes but the answer to the question of whether it is easy is no.

Making a profit from trading depends on the trader's ability. If you are still a beginner, it's better to start with a small trading plan, and there's no need to trade every day. Adjust first until you get used to the trading and the strategies applied. A common mistake beginners make in trading is wanting to make a profit quickly in a short time.

[GiftedMAN]

It depends on people,  because everyone has the right to choose and do what ever they want and what work for them as well, that is why its good and advisable for people to involve themselves in something they can do and not be affected by it. But its essential for them to first of have the knowledge and understanding of trading and how it is operated, before they can take action on their decision, which will be of help to them positively.

[o48o]

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?

I don't think that day trading really differs from anything else you day trade. Personally i find it difficult to believe that anyone could make constant profit from it with "skills", but you can make profit from it as long as market situation doesn't change radically. That you can do even with bots, but those gains can be wiped out as soon as situation in market changes and your technique would need to adapt.

Low frequency trading is "easier", but gains might not be worth your time, especially with mature coins might not fluctuate in price so much. And with low market cap coins, there's no way to predict where the price is going, or if that coins is even alive next month.