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Author Topic: I like doing bitcoin trading to earn money  (Read 2503 times)
Brmaster (OP)
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July 11, 2014, 08:41:43 AM
 #1

I like doing bitcoin trading to earn money  Grin
dadugan
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July 11, 2014, 10:06:25 AM
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Day trading has close to 100% failure rate.
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July 11, 2014, 10:11:45 AM
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He did not seem to have the dealer is playing games I think Wink
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July 11, 2014, 01:29:45 PM
 #4

Day trading has close to 100% failure rate.


I would not say 100 percent.  Make informed decisions, and most of all don't go all in to one coin.   And keep some in BTC and well known Scrypt coins.   There is great profit to be had on alt coins but don't just throw money at it and assume instant profit.  And do it slow learn and don't just jump in with all your coins at once.
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July 11, 2014, 01:32:10 PM
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Day trading has close to 100% failure rate.


I would not say 100 percent.  Make informed decisions, and most of all don't go all in to one coin.   And keep some in BTC and well known Scrypt coins.   There is great profit to be had on alt coins but don't just throw money at it and assume instant profit.  And do it slow learn and don't just jump in with all your coins at once.

People who rush into day trading are usually the impatient type. Most will not survive the first year while the learning curve is well longer than a year.
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July 11, 2014, 01:56:54 PM
 #6

Day trading has close to 100% failure rate.


I would not say 100 percent.  Make informed decisions, and most of all don't go all in to one coin.   And keep some in BTC and well known Scrypt coins.   There is great profit to be had on alt coins but don't just throw money at it and assume instant profit.  And do it slow learn and don't just jump in with all your coins at once.

People who rush into day trading are usually the impatient type. Most will not survive the first year while the learning curve is well longer than a year.

When being patient and doing a lot of research before buying, and keeping your emotions out of your trading, it really isn't that hard.
If you never sell below the price you bought at, and keep your eyes open to sell on pumps, profits are to be expected. That is if you are modest and consider 10% profits as good; many seem relunctant to sell under 100%.
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July 11, 2014, 02:03:48 PM
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good for you, dear "2 posts" user  Smiley

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July 11, 2014, 03:06:46 PM
 #8

Day trading has close to 100% failure rate.


I would not say 100 percent.  Make informed decisions, and most of all don't go all in to one coin.   And keep some in BTC and well known Scrypt coins.   There is great profit to be had on alt coins but don't just throw money at it and assume instant profit.  And do it slow learn and don't just jump in with all your coins at once.

People who rush into day trading are usually the impatient type. Most will not survive the first year while the learning curve is well longer than a year.

lol, It's not true, I know so many day traders who earn too much with day trading. Day trading is just more risky then trading for long time.

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krishatnet
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July 11, 2014, 03:35:51 PM
 #9

good luck. Always use stoploss in trading.

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July 11, 2014, 05:22:38 PM
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good luck. Always use stoploss in trading.

have you made good profit with day trading? i feel like its super impossible to scalp.
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July 11, 2014, 05:41:56 PM
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Day trading has close to 100% failure rate.


I would not say 100 percent.  Make informed decisions, and most of all don't go all in to one coin.   And keep some in BTC and well known Scrypt coins.   There is great profit to be had on alt coins but don't just throw money at it and assume instant profit.  And do it slow learn and don't just jump in with all your coins at once.

look up pareto. it's likely more like 80%/20%. i day trade and overall am very much up in both $ and BTC. but only a small % gets day traded -- mostly trade longer time frame.
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July 11, 2014, 05:41:57 PM
 #12

I like doing bitcoin trading to earn money  Grin
that's a risky job
prepare your mental and good luck, hope you make nice profit from it Grin
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July 11, 2014, 06:49:32 PM
 #13

I like doing bitcoin trading to earn money  Grin

Trading is a risky game, so you shouldn't put in more than you can afford to lose. Good luck. Grin

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July 11, 2014, 07:26:33 PM
 #14

It is a good decision. I appreciate it. If you are experience on BTC trading, then you can easily make good amount of profit from BTC trading.

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July 11, 2014, 07:44:07 PM
 #15

Me too. I'm up overall, but got burned on a few trades and took a while to recover. Undecided
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July 11, 2014, 08:49:50 PM
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it's easier said than done. i suggest doing some research into different forms of TA, charting patterns, commonly used indicators before jumping into the fray.

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July 11, 2014, 10:29:01 PM
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it's easier said than done. i suggest doing some research into different forms of TA, charting patterns, commonly used indicators before jumping into the fray.

TA only works if the masses buy/sell BTC based on those trends.  If you try to do trend analysis on the path of chickens in a chicken coop you get nowhere.  Most of the small traders probably aren't looking at the charts that closely to even know what a MACD is.
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July 12, 2014, 12:11:20 AM
 #18

it's easier said than done. i suggest doing some research into different forms of TA, charting patterns, commonly used indicators before jumping into the fray.

TA only works if the masses buy/sell BTC based on those trends.  If you try to do trend analysis on the path of chickens in a chicken coop you get nowhere.  Most of the small traders probably aren't looking at the charts that closely to even know what a MACD is.

People say TA is a "self-fulfilling prophecy", but I tend to disagree. And obviously, this could not be proven in any way. To me, patterns and indicators are more so a visual representation of the collective psychology among market participants. So, for example, a double top is very much a visual translation of buyers' hesitation to cross such resistance. Hence, a bearish sign.

Malin Keshar
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July 12, 2014, 02:25:23 AM
 #19

I like gambling to earn money

The sad thing is that I don't always earn money Sad
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July 12, 2014, 03:51:34 AM
 #20

I like gambling to earn money

The sad thing is that I don't always earn money Sad

What is your definition of gambling? I wouldn't waste money against a house edge on things like dice. But some people consider poker gambling -- but, at least at my stakes, I know that I have an edge in it. So I don't consider it to be gambling in the same way as dice.

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July 12, 2014, 05:10:11 AM
 #21

I like gambling to earn money

The sad thing is that I don't always earn money Sad

What is your definition of gambling? I wouldn't waste money against a house edge on things like dice. But some people consider poker gambling -- but, at least at my stakes, I know that I have an edge in it. So I don't consider it to be gambling in the same way as dice.


Both are gambling anyway. While some get millionaire playing poker(or at least get a good excuse to laundry money saying it was poker winnings), others lose everything and go Bankruptcy or get killed by the local gangster by gambling debts.


More or less like trading(you can guess near what the majority comes).
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July 12, 2014, 05:25:22 AM
 #22

I like gambling to earn money

The sad thing is that I don't always earn money Sad

What is your definition of gambling? I wouldn't waste money against a house edge on things like dice. But some people consider poker gambling -- but, at least at my stakes, I know that I have an edge in it. So I don't consider it to be gambling in the same way as dice.


Both are gambling anyway. While some get millionaire playing poker(or at least get a good excuse to laundry money saying it was poker winnings), others lose everything and go Bankruptcy or get killed by the local gangster by gambling debts.


More or less like trading(you can guess near what the majority comes).

See, that's what I'm getting at. You can be a fish and lose everything. But that doesn't speak to the skills of a winning poker player. I've pulled enough profits out and played enough to statistically know I'm definitely not a losing player.

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July 12, 2014, 06:44:56 AM
 #23

I like gambling to earn money

The sad thing is that I don't always earn money Sad

What is your definition of gambling? I wouldn't waste money against a house edge on things like dice. But some people consider poker gambling -- but, at least at my stakes, I know that I have an edge in it. So I don't consider it to be gambling in the same way as dice.

Aren't all those sports betting, dice, poker gambling, though some are luck-based and some are skill-based?

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July 12, 2014, 07:28:24 AM
 #24

I like gambling to earn money

The sad thing is that I don't always earn money Sad

What is your definition of gambling? I wouldn't waste money against a house edge on things like dice. But some people consider poker gambling -- but, at least at my stakes, I know that I have an edge in it. So I don't consider it to be gambling in the same way as dice.

Aren't all those sports betting, dice, poker gambling, though some are luck-based and some are skill-based?

Sure, they are all gambling. It's betting probabilities. I just think there is a distinction to be made between luck-based and skill-based gambling. I, for one, don't touch the former. But poker, I'm down with.

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July 12, 2014, 08:54:17 AM
 #25

Poker, dice, sports betting -- I like it all! It's all gambling in my book. Smiley
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July 12, 2014, 11:06:17 AM
 #26

good for you, dear "2 posts" user  Smiley

Nah, he has just made 1 post (this one) to brag about his trading profit. Smiley

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July 12, 2014, 11:10:10 AM
 #27

Day trading has close to 100% failure rate.


I would not say 100 percent.  Make informed decisions, and most of all don't go all in to one coin.   And keep some in BTC and well known Scrypt coins.   There is great profit to be had on alt coins but don't just throw money at it and assume instant profit.  And do it slow learn and don't just jump in with all your coins at once.

People who rush into day trading are usually the impatient type. Most will not survive the first year while the learning curve is well longer than a year.

When being patient and doing a lot of research before buying, and keeping your emotions out of your trading, it really isn't that hard.
If you never sell below the price you bought at, and keep your eyes open to sell on pumps, profits are to be expected. That is if you are modest and consider 10% profits as good; many seem relunctant to sell under 100%.
It's the age old quote; "Greed rules us all"

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August 22, 2014, 11:34:41 AM
 #28

Day trading is a bit risky in my opinion.
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August 22, 2014, 02:19:48 PM
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I like to work in McDonalds to buy BTC
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August 22, 2014, 04:04:04 PM
 #30

I like doing bitcoin trading to earn money  Grin

yes I used to play like the first time trade week is the BTC 0:01 capital can be 0.1 BTC.

but the more I come here often loss due to waste coin
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August 22, 2014, 04:07:09 PM
 #31

Day trading is a bit risky in my opinion.

ya right increasingly at risk because many new coins and coin sometimes it quickly dies.
and due to the impact of stellar coin, coin coin others so degenerate
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August 22, 2014, 06:25:09 PM
 #32

I like doing bitcoin trading to earn money  Grin
Me too but i quit i was addicted and had no sleep anymore.
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August 22, 2014, 07:46:13 PM
 #33

Day trading has close to 100% failure rate.


day trading does not have close to a 100% failure rate... theres no way you can actually  calculate something like that.

anyways, its very easy, but some coins for a low price and hold for a few hours, see if th eprice goes up 1% and sell. the transaction fee is only .2% so if u make 1% trades throughout the day and get like 4 or 5 done u made 5% that day.

just be patient.
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August 22, 2014, 10:16:16 PM
 #34

Trading haters cant just say its the same as gambling, if you know what you are doing you have more % of success, of course there is big luck involved.
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August 23, 2014, 10:50:09 AM
 #35

I like doing bitcoin trading to earn money  Grin
yes i also like trading, but somehow now I loss continues
Because many new coins which ended scam
for me it was risky job, you have to prepare mentally and good luck

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August 23, 2014, 11:20:14 AM
 #36

I also want to make money through Bitcoin trading. I also thinking about BTC mining. As a new member i am not so sure what would be best and secure for me. So what should i do now?
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August 23, 2014, 02:58:45 PM
 #37

I also want to make money through Bitcoin trading. I also thinking about BTC mining. As a new member i am not so sure what would be best and secure for me. So what should i do now?

Trading is risky, and you should try trading with a little bit of bitcoin first.
For bitcoin mining, you should use a calculator to check the expected profit under your electricity costs.

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August 23, 2014, 03:04:33 PM
 #38

I like trading fiat money for real money.  Wink

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August 23, 2014, 04:31:43 PM
 #39

It is true that trading is the best way to make money from Bitcoin. But you need to be experienced on it. If you are a new comer then i will suggest you to spend more time on this forum.

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August 23, 2014, 05:21:42 PM
 #40

I lost 0.15 BTC in Mazacoin back in the day  Roll Eyes
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August 25, 2014, 08:50:03 AM
 #41

Of course who doesn't like making money,but if you have more patience you could make decent cash over time just by holding it.
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August 25, 2014, 09:11:09 AM
 #42

Day trading is a bit risky in my opinion.

It is risky if you a) are unskilled in trading, b) are not rigorous with your analysis and c) do not practice good risk management. Most people blow up their accounts because of the third reason.
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August 25, 2014, 10:02:11 AM
 #43

Day trading is a bit risky in my opinion.

It is risky if you a) are unskilled in trading, b) are not rigorous with your analysis and c) do not practice good risk management. Most people blow up their accounts because of the third reason.
Exactly, this is what happens to newbies in trading. There is a lot of panic selling which whales take advantage of  Smiley Knowing when to buy and sell is the hardest part of trading

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August 25, 2014, 10:44:50 AM
 #44

more than the trading, i would like to hold btc in some cold offline wallet and cash them after few years. Bitcoin's future is pretty bright in my opinion.
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August 25, 2014, 11:32:04 AM
 #45

Bitcoin trading can work if you know what you are doing. The only problem with bitcoin trading is it's not exactly 100% safe and if you are unsure of what you are doing you can fall victim to problems. If you can earn money trading then that's great Smiley
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August 25, 2014, 11:47:40 AM
 #46

I like it too, i need fiat tho  Roll Eyes
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August 26, 2014, 03:11:28 AM
 #47

I know of people who had made quite a few coins day trading.

Not for everyone, and yes the percentage of failure is high.

But BTC follows the same rules as the market, if not even closer and to the nearest cent.

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