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Calvinpriva

Is it a must to trade bitcoin to earn profit?

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There are tons regarding programs you could make an effort to make several revenues exactly like this kind of community forum that offers you a decent amount regarding revenue merely make certain you have got top-quality submit. Although investing could be the many rewarding a single, yet it isn't that simple as it will be for some reason high-risk specifically without virtually any thought regarding it. Thus far better to produce a study initially and also speak to the particular specialist dealer regarding suggest. I do believe dealers constantly select the well-known a single as it offers this massive income due to its value.

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Its not obvious to trade bitcoin unless you want to make a good profit easily.There are many coins like bitcoin for example litecoin,ethereum to make trade with to earn money by trading regularly because they are fluctuating coin like bitcoin.

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I think it is most profitable to trade Bitcoin for profit.  Because the market value of Bitcoin and the demand in the world market is very high, through which a lot of profit can be obtained in a very short time by trading.

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You can also trade on the other coins also to make profit like on ETH, LTC and also other good coins which movement is fast and i just prefer the BTC and so many peoples will also trade on the BTC becasue its movement is so much fast and it give us good profit in the market than the other coins.


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Most people actually trust those popular coins because its popular and the attention that it managed to get seems pretty high. I can't blame them since I also do that kind of thing whether I only own a few coins of those popular ones. I think the reason why they are only trading to the famous cryptocurrency is because they are anxious if they should trust to invest to other coins and maybe they are also afraid to lose if somewhat the cryptocurrency that they have invested did not work that well like those coins that dropped their values to zero and is not being recognized by the trade exchange platforms to use for trade

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1st a Newbie never start trading without knowing about trading and 2nd is without trading you can't earn profit... And other thing is there also a lot of coin who can give you profit... In my opinion, ETH also give same profit like ltc and btc... There have a lot of token also...

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@arikjordan @Mosharraf @Danii2312 @Petro4 @Anamika3891 Thank all of you for your valuable comments and i really appreciated. 

 

Of course, there are many coins which we can trade and earn profit apart from those large or popular coins. Yes, we should not blame those members because we did the same thing to trade only those large coins when we were beginners, but instead we have to gibe them knowledge. And as you said, a newbie should never trade without knowledge... that is true as well! We have to learn all the basics of trading so that we can earn profit from trading, otherwise we will be risking our money.

 

Also ETH is a good coin and profitable as @Anamika3891 said. Just find a good pair and trade it in the right time!

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Time is the ultimate weapon!

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Thanks @Calvinpriva for telling us about these three best coins for trading.I have recently bought about 10 Minex coins when it's price was about 0.2$ and know it has reached to about 0.38$ which is good .A member in this forum told me to buy this coin I bought it and I am gaining profit not huge but good.

I will try investing in these three coins which you mentioned  after a week or so and lets see how much profit can I get.Thanks for this information .


                                   

 

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1 hour ago, Flying11Horse said:

Thanks @Calvinpriva for telling us about these three best coins for trading.I have recently bought about 10 Minex coins when it's price was about 0.2$ and know it has reached to about 0.38$ which is good .A member in this forum told me to buy this coin I bought it and I am gaining profit not huge but good.

I will try investing in these three coins which you mentioned  after a week or so and lets see how much profit can I get.Thanks for this information .

You are welcome friend @Flying11Horse i purchased MNX at $0.23 as well because i like coins with affordable price ☺️ and i sold at $0.35 I really earned a good profit because i purchased a lot. There is a good opportunity with small coins which are volatile because you can earn good profit if you are an active trader. 

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Time is the ultimate weapon!

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For trading think that you need to be patient. Not to rush and to panic sell. Explained was good here with nice example when to buy/sell nice to see that they are some experience traders who are willing to share some knowledge.

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3 hours ago, Calvinpriva said:

You are welcome friend @Flying11Horse i purchased MNX at $0.23 as well because i like coins with affordable price ☺️ and i sold at $0.35 I really earned a good profit because i purchased a lot. There is a good opportunity with small coins which are volatile because you can earn good profit if you are an active trader. 

I can't find MNX coin in YOBIT ,is it available in yobit or not @Calvinpriva.I also want to buy this coin .I have bought Waves ,Minex and Now I have some Dollars left to buy this coin.

You are right about affordable coins ,If we buy them in numbers 10-20 ,then only a small increase like about 0.1 of Dollars will give us a good profit.


                                   

 

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The answer is actually yes for one that want to earn fast and always but if you just want to earn few and occasionally you can can wait for airdrops to released that is my opinion

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19 minutes ago, Flying11Horse said:

I can't find MNX coin in YOBIT ,is it available in yobit or not @Calvinpriva.I also want to buy this coin .I have bought Waves ,Minex and Now I have some Dollars left to buy this coin.

You are right about affordable coins ,If we buy them in numbers 10-20 ,then only a small increase like about 0.1 of Dollars will give us a good profit.

Sorry @Flying11Horse MNX i meant MINEX, last week it dropped to $0.23/.24 if am not wrong and i bought there, then after a few days in less than a week it pumped to $0.35 and i sold there. Just a small increase as you said, but with 20,100...1000 you'll earn a very good profit.

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Time is the ultimate weapon!

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I agree, adhering to bitcoin trading only with a small investment amount is unhelpful, but in any case the swing of the market values of currencies returns to the value of bitcoin, this confirms its sovereignty over the market

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37 minutes ago, Calvinpriva said:

Sorry @Flying11Horse MNX i meant MINEX, last week it dropped to $0.23/.24 if am not wrong and i bought there, then after a few days in less than a week it pumped to $0.35 and i sold there. Just a small increase as you said, but with 20,100...1000 you'll earn a very good profit.

No problem @Calvinpriva,everyone makes mistakes.

As you said the price of MINEX was 0.2 $ previous week and tyesterday it was about 0.37$ ,I bought it then and today it's price is circulating between 0.378$ and 0.379 $.So it's a good investment.


                                   

 

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There are two types of trading: short and long. Trading known currencies is a short trade and requires large amounts, but trading new currencies can be more profitable, although it requires a long wait.

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all the newcomers to crypto think bitcoin and trading are the best currency and earning methods to make profits from it , we can't blame them because bitcoin is the most popular coin incrypto and i think all of us thought the same before we join crypto 

but as you said it is only good to use BTC when trading big amounts of it because other than that your profit will be very small 

i also like XRP and LTC and prefer LTC over BTC when i want to withdraw my profits since its free is low , and as you said using these cheap coin will be more profitable  to small traders like us

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i  agree when you said  - bitcoin trading is good if you have large amount to trade but with small amount you will earn very small profit! - because that really what i learned from previous experience of trading hope every one able to get decent money and start his or her own trading

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Bitcoin might be the popular but people are missing out a lot on other currencies. There are so many coins that have been moving in a good direction that if they invest into would give them good returns. You don't have to trade only Bitcoin to ern good profits. Bitcoin is just one way. There are numerous options for you

 

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On 17.09.2020 at 11:22, Calvinpriva said:

Many people (especially crypto beginners) they join crypto world and become traders without knowing many things about trading. A lot of them they think only trading bitcoin will give them profit, so whatever they earn they convert to bitcoin and trade it. Let me tell you one thing, bitcoin trading is good if you have large amount to trade but with small amount you will earn very small profit! And bitcoin is not the only coin that can give you profit in trading.

 

Here are some 3 coins that I recommend, they are cheap and profitable. Anyone can afford them and trade them easily. If it’s okay, our brother @Whited35 can give us more coins. He’s among the best traders am proud of! He told me some things about ETH and about day trading that I didn’t know before, thank you.

 

  • 1.XRP (Ripple) - This among the cheapest coins that I know and it’s one of my best coins. With $1 you can buy 4 XRP for the current price,  that means it costs only $0.25 per coin! $0.25 is not the best price to buy/sell XRP because it usually fall to $0.18/.19 which is the best price to buy, and it grows to $0.3 which is the best price to sell. You may wonder because there is only a price difference of $0.1 and I recommend it! Now let’s say you have purchased 1000 XRP at a price of $0.2 which is $200, and you hold them to reach $0.3 then you sell them. 1000XRP x $0.3 = $300 and you purchased them @$200 !!! Only the increase of $0.1 has given you a profit of $100!! And you have trade a cheap coin, imagine how much profit you could earn in bitcoin by trading $200!

 

  • LTC (Litcoin) - This is another coin that I trade and recommend. LTC it’s not cheaper like XRP and it’s not high like bitcoin, so you can still afford it. The current price for LTC is $50 according to yobit, also it’s not a good price to buy or sell because at that price it may fall or pump anytime so it’s like playing a dice game. The best price to buy LTC it’s under $45/$43 until $38, and the best price to sell LTC is from $63 to $75 according to my experience. 1 LTC can give you a $20 - $35 profit if you’ll be active to watch the market prices and make a quick buy or sell. Imagine if you've purchased only 5 LTC at a price of $45 which is $225 and you hold them and sell at a price of $65, 5LTC x $65 = $325, that means you will made a profit of $100 by just trading $225 in LTC.

 

  • WAVES – Another best coin that can give you a lot of profit with small capital if you are an active trader. The current price for WAVES is $2.6 but i suggest to buy it when it reaches $2.2 or at least $2.4 for a better profit and sell it at $3.2 - $3.6 now let say you have purchased 100 WAVES at a price of $2.4 which is $240 and you hold them until they reach $3.4 and you sell there, 100WAVES x $3.4 = $340, and you will just made $100 profit for trading $240 in WAVES! This coin can reach $4 but don’t wait to double your money because anything can happen, take your profit and find another opportunity.

 

Don’t worry, this coins are volatile and their price depends on bitcoin. Most of the time they’ll increase or decrease same time with bitcoin. Please, add more details by commenting about other cheap coins that you know are profitable. I will be happy to hear about ETH, LINK, EOS, ETC, TRX and other.  

I think that it is not necessary to deal only with bitcoin, I do not understand at all why traders trade only on bitcoin, if someone knows the answer to this question, I will be very grateful for your answers, because everything that concerns cryptocurrency is very important to me. My opinion to your question is that there are many different ways for earning money and you can work, for example, with Eurimum, he is also a very interesting project, it is also worth learning and finding out more about it in order to have information and information will save the world as you know and can earn a large sum.

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excellent explanation of investment with little investment the coins that you recommend casually are the ones that I keep in observation investing or obtaining small profits but constantly

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There are many ways to see and analyze in this crypto world, everything is capital risk, you can win, you can lose, the point is to be attentive and hit it at the appropriate time

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No, just by having bought at a low price and waiting for its price to rise, you are making money since the capital is increasing, exchanging bitcoin for cash is above all to be able to mobilize and buy other things.

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It is a very simple subject and it is depending on what you are going to do if you are going to do trade you have to buy low, sell something and have it in one of the stable coins that is handled more than everything in 1 and then you would have to sell it to make a profit now if Well you have holding bitcoin because you would end up selling it when you already have a greater amount of price, I mean after a few years and the price rose considerably, there is if you would have to sell it to take good profits

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In his traditional speech on Friday, 31 May, Japan's Minister of Finance, Shunichi Suzuki, reiterated that exchange rates should reflect fundamental indicators and that he would respond appropriately to excessive movements.   On Friday, 31 May, a block of important macroeconomic statistics on the state of the Japanese economy was released. The Consumer Price Index (CPI) in Tokyo showed that inflation rose to 2.2% y/y in May. In April, this figure was at 1.8%, matching a 26-month low. Core inflation in Tokyo also rose to 1.9% from 1.6% y/y, and the CPI excluding volatile food and energy prices increased from 1.8% to 2.2% y/y. (It should be noted that inflation in Tokyo is usually higher than the nationwide figures, which are published three weeks later. Therefore, the Tokyo CPI is a preliminary but not final indicator of inflation dynamics at the national level.)   The current rise in inflation could increase confidence in future BoJ monetary policy tightening. However, the fear of low inflation and a sharp yen appreciation deters the BoJ from raising the interest rate and narrowing the gap with other major global currencies' rates. A strong yen would harm national exporters. The decline in industrial production, which fell by -0.1% in April both month-on-month and year-on-year, does not encourage borrowing costs to rise.   The last note of the week for USD/JPY was struck at 157.25. United Overseas Bank (UOB) analysts believe that in the next 1-3 weeks, "the dollar has the potential for growth, but given the weak upward momentum, any advancement is likely to be slow. The 157.50 level might be difficult to overcome, and resistance at 158.00 is unlikely to be reached in the near future."   Speaking of the average forecast of experts, only 20% indicate a southward direction, while the remaining 80% adopt a neutral position and look east. Technical analysis tools show no such doubts or disagreements. Thus, 100% of trend indicators and oscillators on D1 point north, with 15% already in the overbought zone. It should be noted that if the green/north color of the indicators for the euro and the British pound indicates their strengthening, in the case of the yen, it conversely indicates its weakening. Therefore, traders may find it interesting to pay attention to the EUR/JPY and GBP/JPY pairs, whose dynamics have been impressive lately. The nearest support level is in the area of 156.25-156.60, followed by zones and levels at 155.50-155.90, 153.10-153.60, 151.85-152.35, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. The nearest resistance is in the 157.40 zone, followed by 157.70-158.00, 158.60, and 160.00-160.20.   No significant events or publications regarding the state of the Japanese economy are expected next week. CRYPTOCURRENCIES: Bullish and Bearish Ethereum Prospects   For the second week, market participants' attention has been focused on the main altcoin. On 23 May, the US Securities and Exchange Commission (SEC) approved 19b-4 applications from eight issuers of spot exchange-traded funds based on Ethereum. (According to JP Morgan experts, this was dictated not by a desire to support digital assets but by a political decision aimed at supporting Joe Biden ahead of the US presidential elections.) Whatever the true reason for this regulatory move, everyone is now interested in where Ethereum prices will go. The newborn ETH-ETFs can only start trading after the SEC approves the S-1 applications. According to Bloomberg analyst James Seyffart, this could take "weeks or months," although it is very likely to happen in mid-June. According to DeFiance Capital CEO Arthur Cheong, Ethereum's price could rise to $4,500 even before trading begins. CCData analysts believe that within 100 days of the launch of ETH-ETFs, the price could reach $5,000 per coin. This forecast is based on linear regression and the price statistics of bitcoin after the launch of spot BTC-ETFs. CCData's analysis assumes that inflows into similar Ethereum funds will be at least 50% of inflows into Bitcoin-ETFs, which means about $3.9 billion over a 100-day period.   Popular analyst Lark Davis has forecasted future growth for bitcoin to $150,000 and Ethereum to $15,000, explaining such a sharp price increase by the emerging market dynamics. The main reason for growth, Davis also cites spot BTC-ETFs, to which ETH-ETFs will now join. This will further fuel the cryptocurrency market's enthusiasm. Currently, spot BTC-ETFs hold 1,002,343 coins (≈ $68 billion), which is about 5% of the circulating supply of the flagship asset. Davis believes this impressive figure clearly indicates growing recognition of cryptocurrency and interest from institutional investors, especially from the US.   Strike CEO Jack Mallers predicts that during the ongoing bull rally, bitcoin could reach $250,000 and possibly rise in price to $1 million. On a podcast with Pomp Investments founder Anthony Pompliano, Mallers explained his bold forecast by stating that bitcoin is still at an early stage of development. According to him, the bond market is currently facing problems, so central banks may inject a significant amount of liquidity into the financial system to stabilize it. This liquidity influx will trigger an increase in the value of risky assets, including the leading cryptocurrency.   Jack Mallers disagrees with the notion that bitcoin is a bubble or a tool for speculation. The asset is becoming increasingly popular among financial giants on Wall Street, and its limited supply of 21 million coins makes BTC highly resistant to inflation, unlike fiat currencies and gold. "Bitcoin can be called the hardest form of money – thanks to the fixed issuance schedule and halvings every four years. The release rate of new coins gradually decreases, thereby increasing bitcoin's long-term value," argued the Strike CEO.   Analysts from financial investment company Motley Fool also target a six-figure number. They suggested that bitcoin's rate could rise to $400,000 and possibly even reach $1 million. The reason, which has been mentioned many times, is the influx of money from institutional investors through spot ETFs. Motley Fool analysts noted that more and more pension funds and hedge funds, managing multi-billion dollar sums, are entering the bitcoin market. Thanks to cryptocurrency ETFs, they can easily include bitcoin (and soon Ethereum) in their investment portfolios.   According to analysts, around 700 investment companies have already invested in such funds. Nevertheless, the share of institutional investors in bitcoin-ETFs is currently only about 10% of the total. Motley Fool estimates that if financial institutions invest about 5% of their assets in bitcoin, the market capitalization of the first cryptocurrency could exceed $7 trillion, which explains its forecasted rate of $400,000.   Considerably less optimism was heard in the forecast of Bloomberg senior analyst Mike McGlone. According to him, bitcoin's volatility leaves it trailing gold and the US dollar in investment appeal. Furthermore, he believes that stocks will soon crash amid the expected recession, but BTC will suffer even more than the stock market. McGlone emphasized that the Tether (USDT) stablecoin, pegged to the US dollar, typically trades twice as much per day as bitcoin. "I can access the US dollar anywhere in the world from my phone using Tether. Tether is the number one trading token. It's the number one cryptocurrency for trading. It's the dollar. The whole world has moved to the dollar. Why? Because it's the least bad of all fiat currencies," the Bloomberg expert stated.   While Mike McGlone merely downgraded bitcoin's attractiveness, Cardano founder Charles Hoskinson simply buried it. He equated bitcoin to a religion and stated that the industry has outgrown its dependence on it. According to Hoskinson, "the industry no longer needs bitcoin to survive." He pointed out critical threats to the leading cryptocurrency, including insufficient adaptability and dependence on the Proof-of-Work algorithm. Franklin Templeton analysts, on the contrary, consider L2 protocols, along with Ordinals, Runes, and DeFi primitives, as one of the main drivers of bitcoin's innovation revival. Strike CEO Jack Mallers defended the first cryptocurrency. According to him, the Lightning Network, created for instant and cheap transactions, a second-layer solution based on the BTC blockchain, can further increase the demand for the first cryptocurrency. Mallers believes that thanks to this, bitcoin can be used for everyday purchases, such as paying for a cup of coffee. Former BitMEX CEO Arthur Hayes called the native token of the Cardano blockchain (ADA) "dog shit" due to its low use in protocols.   As of the time of writing this review on the evening of Friday, 31 May, ADA is trading at 0.45 USD per coin, while bitcoin and Ethereum are faring significantly better: BTC/USD is trading at $67,600, and ETH/USD at $3,790. The total cryptocurrency market capitalization is $2.53 trillion ($2.55 trillion a week ago). The Bitcoin Fear & Greed Index remained almost unchanged over 7 days, staying in the Greed zone at 73 points (74 a week ago).   It should be noted that ETH/USD failed to break through the $4,000 resistance this past week. The local maximum was recorded on Monday, 27 May, at $3,974. The lack of an immediate pump is explained by the fact that everyone who wanted to buy Ethereum in anticipation of the SEC's historic decision already did so. Meanwhile, according to some analysts, there is a high probability that immediately after the launch of the long-awaited spot exchange funds, Ethereum will enter a deep drawdown, similar to what happened in January with bitcoin. Then, over 12 days, it fell by 21%.   One of the key reasons for BTC's drawdown at that time was the unlocking of GBTC fund assets from Grayscale, which was converted into a spot fund from a trust. It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
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