Is cryptocurrency trading easy or difficult?

[Agbe]

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.

[Odusko]

If you want me to give you a straight and forward answer to this than I will say that, cryptocurrency trading is one of the most difficult tasks that involve cryptocurrency, because for a trader the brain must keep working round the clock in other to spot the right price to take action in the market, that alone is stressful unless you want to use trading bots to execute your trades, and that is another risk for the day, so in conclusion trading is not an easy task.

[WatChe]

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.

I don't do trading because I figured out quite early that I cant handle this risky stuff. But that doesn't mean that nobody can earn profit from trading. There are traders who are doing good in this domain and that's because they have spent their time in mastering trading skills. Those of us who don't have the time to see market whole day can go for long term investment. In the end its up to us to decide whether we have to go for trading or not because we as investor have to face the consequences.  

[batang_bitcoin]

Is it possible to trade cryptocurrency daily or weekly and make a profit?

If you want to push for that, I'd give you some hope with it because it's truly possible. But as your question, it is not easy. You'll have to test yourselves patience and how much you're willing to spend just for you to learn the things about it. Trading isn't only about the game in the money you'll be doing but also in the attitude that you'll have to work on towards it.

[bangjoe]

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?

2015 bought $200 pretty big profit if sold at the peak price yesterday, but take it easy you are not alone here who sold afterwards, surely many people sold too.
Yes, Bitcoin investment does have to have a long time to benefit from bitcoin, someone who can do that on average they get a big profit from bitcoin.
Trading it is indeed possible to make a profit, but it is not an easy thing especially to do every day, you must have a lot of knowledge in analyzing in order to get the price difference when selling it again, trading is not as easy as selling and buying and profit, not like that, understand more about trading.

[SquallLeonhart]

Trading is usually not easy, making a profit in trading requires a lot of reading and learning but many people don't do it. If only people studied hard before they get into trading and learn how technical analysis works and how patterns work but almost nobody does that, only a few does. This is why most of the people end up losing money while trading.

There was a stat shown somewhere, and I think it was roughly 75% of traders lose money when they trade, and only 25% does and only smaller portion of that makes decent profit. Even after realizing that trading is too hard to manage, most people ignore to move away, yeah we can adapt investment option rather than keep struggling with trading. Investing is easier if you know how to be waiting patiently.

[Big Dirams]

Trading is usually not easy, making a profit in trading requires a lot of reading and learning but many people don't do it. If only people studied hard before they get into trading and learn how technical analysis works and how patterns work but almost nobody does that, only a few does. This is why most of the people end up losing money while trading.

There was a stat shown somewhere, and I think it was roughly 75% of traders lose money when they trade, and only 25% does and only smaller portion of that makes decent profit. Even after realizing that trading is too hard to manage, most people ignore to move away, yeah we can adapt investment option rather than keep struggling with trading. Investing is easier if you know how to be waiting patiently.

Most people always see trading as a place where one can make easy, quick and fast money not knowing it more complex than one could imagine. Some users are willing to put in the right commitment and dedication into trading but it just their mindset that turn things around, mindset of making fast and quick money and they end up chasing  after money instead of focusing the energy and effort into building up more knowledge and understanding of the market.
 

 When a trader gives the market the appropriate amount of time and attention then such trader will see good results. A trader needs to boost up their knowledge and emotional intelligence when trying to make successful journey in trading, knowledge is important but there are also some other factors that helps to strengthen the journey.

[BALIK]

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.

I agree that some people can make a profit from trading, even turning it into a full time job. But honestly, I have never heard anyone say that trading and making money from it is easy, not even professional traders.

Trading has never been easy and is considered one of the most difficult ways to make money in the market. Unlike holding, it require not only knowledge but also psychological control and iron discipline. Something that not many people can do.

Its no coincidence that trading is considered not for the masses

[hostm]

I'm trading Bitcoin. I see a divergence on the hourly timeframe here.



So, I opened a small long position. But this is very risky trading, so it's essential to set a stop loss below the local low. For example, a stop loss at 62600.

But if I win on this trade, it will be another plus for my experience.

[IjawMan]

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.

I don't do trading because I figured out quite early that I cant handle this risky stuff. But that doesn't mean that nobody can earn profit from trading. There are traders who are doing good in this domain and that's because they have spent their time in mastering trading skills. Those of us who don't have the time to see market whole day can go for long term investment. In the end its up to us to decide whether we have to go for trading or not because we as investor have to face the consequences.  

Identifying very early where your financial strength and skills lies is another smart money management decision that many people have made  mistake in making.

Trading is not for every person and when you do not have the skills, or you have tried to learn a lot different trading skills and you are not making progress,

it is wise you divert towards investment than staying stuck to what is not working for you. The risk in trading is nothing compared to long term investment, is a choice we have to make for what we want.