Crypto trading is easy but not profitable... - Crypto World - CryptoTalk.Org Jump to content
Ashok Nayak

Crypto trading is easy but not profitable...

Recommended Posts

I have stated Crypto trading on Jan 2018. For a few time I got very good profit.I was struggling form march 2018 after a massive dump of BTC. Now I have 10% remaining balance of my invested money. Waiting for a big move but don't know it will come or not. So now I am holding only BTC not other altcoins.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites
2 minutes ago, Ashok Nayak said:

I have stated Crypto trading on Jan 2018. For a few time I got very good profit.I was struggling form march 2018 after a massive dump of BTC. Now I have 10% remaining balance of my invested money. Waiting for a big move but don't know it will come or not. So now I am holding only BTC not other altcoins.

I dont think its just easy! for me its hard to predict the ever changing cryptocurrency price in just 24 hour period and if you are not smart and hardworking you are end up with a bag holder thats why it needs time and effort and for me its not an easy task but its a complicated, stressful, and technical risk is always present so act accordingly.

Share this post


Link to post
Share on other sites

@Ashok Nayak

You are doing excellent by holding BTC and removing other altcoins. According to your investment in 2018 the price may be falled to some extent from $20k.

As you have said that you lost the money in investment of 90%, but can you specify at what rate you bought BTC?

I suggest you to hold for a long time or may be look for double your current amount or 50% profit.

Don't think Bull run will come like Rain god.

Share this post


Link to post
Share on other sites

Jan 2018 was the golden time for all the altcoin, and you have come at that time. It was a wrong time. However, since you aee now holding BTC only, I see nothing to get stressed, yeah I know how the pain is but you know it's certain that you will get profit in the long run.

Share this post


Link to post
Share on other sites
14 minutes ago, cryptosix said:

@Ashok Nayak

You are doing excellent by holding BTC and removing other altcoins. According to your investment in 2018 the price may be falled to some extent from $20k.

As you have said that you lost the money in investment of 90%, but can you specify at what rate you bought BTC?

I suggest you to hold for a long time or may be look for double your current amount or 50% profit.

Don't think Bull run will come like Rain god.

I bought First BTC at $11k and second time $14k and I invested on XRP when it was more than 2$, Now I removed all alt coins from my portfolio. Some times trading with USDT/BTC only 50% of my funds and other funds just holding. You are right waiting for Bull run is not okey now.

Share this post


Link to post
Share on other sites

You are talking about the period when the market grew. Yes, it is very easy to trade in a growing market but is it easy to trade in the current market? I think a lot of you will say no. The market has changed, there is no growth and many people have long since left this market.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites
3 minutes ago, SahidCrypto said:

Most of the current investors are from 2017 end or 2018 early when Bitcoin was rising so rapidly and went mainstream 😄 it's hard to see old crypto users nowadays. I've been into crypto since 2015 and I agree with you, anyone who's here for the long term, need not to worry since Bitcoin will surely rise again.

2013 here 😊

People grab the trend, don't do much analysis before something get trend. Anyway, even if someone entered in altcoin at the end of 2017, they must be having a significant profit since we saw a huge pump right after the 2017.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites
7 minutes ago, CryptoBry said:

A good trader can make money whether the market is going down or up. You must be holding and then doing some trading from time to time and is not really into it 100%. Just like forex, if you can determine if the next move can be up or down, then trading can be a very profitable enterprise. However, maybe you are talking also of risks which get in into your way that is why you lost a big chunk of your equity. Just continue on learning and developing a good strategy so that soon you can also be a good trader. 

Yes You are correct But I entered on a wrong time lots of rumor was going on that BTC will go $50k or more. But now I am not listening this thing just focusing on trading only. And one more thing that time I don't have knowledge about altcoins, Now I can identify the good coin or seet coins but no matter I am not holding any altcoin now only BTC.   

Share this post


Link to post
Share on other sites

For every winner there is many losers. Trading is akin to this. Firstly and most importantly, research, research and more research. Secondly pay close attention to volumes, charts etc. And finally the golden rule, never buy at market price, place Buy orders below market price and Sell orders at or above market price and with luck they will be fulfilled. Patience is a must.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites
58 minutes ago, Ashok Nayak said:

I have stated Crypto trading on Jan 2018. For a few time I got very good profit.I was struggling form march 2018 after a massive dump of BTC. Now I have 10% remaining balance of my invested money. Waiting for a big move but don't know it will come or not. So now I am holding only BTC not other altcoins.

do you know what is the problem? sadly many people invested in the "wrong" time... when the (please let me pass this word) "bubble" bitcoin exploded.  Clearly if you started earlier you could have earned a lot.

My suggestion is to relax and see what will happen... at the moment you have the 10% of what you have invested last year but if everything will go up again you will get the same amount of money. Bitcoin is very fluctuated as value and today worth 10k tomorrow 8k and who knows by the end of the year will be 100k. 

 

Only one thing is sure... if you had 0.1 BTC you always have 0.1 BTC even if the USD dollar value will be different. You need to consider that to feel better with yourself otherwise you will not live in a good way.

 

This is my personal opinion you can do whatever you think is the best for you!

 

Kind regards,

Webdeals

  • Useful or interesting 1

Share this post


Link to post
Share on other sites
24 minutes ago, SahidCrypto said:

Wow 2013. You sure are one richie rich now 😄

true, people just want to get the treat and the fear of missing out is so real. Tempting as well as glorious. If only they cashed out when it was at peak, else they sure are in loss. But yeah, the losses are temporary, Bitcoin may well break 2017 record as well very soon.

People didn't sell, like me, I could have cashed out $10000 from one single invest at January 2018, but didn't. I was gready enough, lol.

I'm not much rich because back in the day, I didn't have invested much. Also, sold when I was like 10x profir thinking that it's a lot. But who knew that there's a lot to come.

Yeah profited a lot, have lost a lot. But I'm now happy that I'm long term holder now.

Share this post


Link to post
Share on other sites
1 hour ago, Ashok Nayak said:

I bought First BTC at $11k and second time $14k and I invested on XRP when it was more than 2$, Now I removed all alt coins from my portfolio. Some times trading with USDT/BTC only 50% of my funds and other funds just holding. You are right waiting for Bull run is not okey now.

You made a mistake by buying at over $10k and another thing is investing into XRP. I suggest that you to hold what you have, again if you want to invest some more, then chose at $5k when the price drops. Presently the Bitcoin price will move upwards as everyone is holding it.

The future of Bitcoin is good and see the chart there is one, it shows how and when Bitcoin price moved up and down. I was too late in BTC investing and the chart showed some good things that it moves for every 2 years, I am not sure on this part at all.

Share this post


Link to post
Share on other sites

you my friend entered the crypto world in the downtrend of most alts, after the massive pull run most coin even top 10 lost 80% of its value, just make sure you study the market well this time and sell when youre in profit, keep your stoploss tight and make sure to buy coins with working team and monthly updates.

Share this post


Link to post
Share on other sites

Creo que deberías mantenerte en contacto con Bitcoin por ahora, no es un buen momento para comprar altcoins, porque no sabemos si ocurrirá otro bloqueo de Bitcoin. Lo mejor es esperar.

Share this post


Link to post
Share on other sites

producing profits from trading is not so easy at all , you have to study the various trends, the candles, the daily trend, the weekly one, once i could do very well arbitrage, now there is only scalping but for me it is too tiring...


 

 

 

 
 
 

Share this post


Link to post
Share on other sites

You can get huge profit in cryptocurrency trading if you have handsome investment and good strategy. With poor resources you can not get profit in cryptocurrency. The best strategy for trading is to buy from low and sell at high.

Share this post


Link to post
Share on other sites

Very true, crypto trading is not that easy but you can make a profit in crypto. especially if you have a big balance to trade then you can get a big profit too. Big or not the profit depends on how big your balance is.

Share this post


Link to post
Share on other sites
21 hours ago, Ashok Nayak said:

I have stated Crypto trading on Jan 2018. For a few time I got very good profit.I was struggling form march 2018 after a massive dump of BTC. Now I have 10% remaining balance of my invested money. Waiting for a big move but don't know it will come or not. So now I am holding only BTC not other altcoins.

Sorry to hear your loss, however, you can't generalize crypto trading for everyone. Trading can indeed be profitable as you mentioned "for a few time you had a very good profit." What matters is you have a trading plan and cash out at the right time.

I wish you nothing but the best in future trades.

Share this post


Link to post
Share on other sites
40 minutes ago, Silvinator said:

Well, that happened to many of us. We had good profits last year and with the fall of the price of Bitcoin, there were many losses. In my case I changed my balance from bitcoin to Fiat money and with some recommendations from some friends I started working in Forex. After bitcoin arrived at a very low price, I bought again and left it as a long-term investment. At the moment I am only working with Bitcoin and Dogecoin.
Now what is very clear is that the cryptocurrency market is too volatile and is not for everyone. It is very stressful to be constantly aware of price changes in a matter of minutes. However, there are people who perform scalping and doing very well.

Yes, You are right, But why I said Crypto trading is not profitable, the reason is "from last 2 years I am observing the Bullish market stands few times only, Once the bearish market entered it takes months and years" So people are losing money here very easily.  

  • Useful or interesting 1

Share this post


Link to post
Share on other sites
10 hours ago, Ashok Nayak said:

I have stated Crypto trading on Jan 2018. For a few time I got very good profit.I was struggling form march 2018 after a massive dump of BTC. Now I have 10% remaining balance of my invested money. Waiting for a big move but don't know it will come or not. So now I am holding only BTC not other altcoins.

I agreed with your statement as I am doing it from the last 5 - 7 years and till date whenever I got the profit I re-invest it in other Coin and then face a huge loss.


Youtube ChannelSocial media Assets, Websites and Plugins are available in a very reasonable price 😇 TALK Token is also acceptable.

Share this post


Link to post
Share on other sites

I am not agree with you because crypto trading is profitable if you are expert in crypto, you will buy only profitable coins, but if you are not expert then you will buy cheap coins.


Hard Worker 😎😎

Share this post


Link to post
Share on other sites

I strongly disagree with the title of this thread, Crypto trading is very profitable, but the underlying problem is that profitable crypto trading is not easy.

Share this post


Link to post
Share on other sites

"Easy but Not Profitable" doesn't make any sense at all, and saying that trading is easy is quite laughable. If it were easy then everyone would be doing it. It's quite the opposite and it is indeed VERY profitable. 

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • Главный инвестиционный директор Bitwise Мэтью Хоуган заявил, что институциональные инвесторы, вложат в биткойн до 1 триллиона долларов через биржевые фонды (ETF), поскольку они постепенно переходят в криптовалюту. В записке, разосланной инвестиционным экспертам, Хоуган выразил обеспокоенность по поводу волатильности цен на биткойн. Поскольку актив колеблется от 60 до 70 тысяч долларов, генеральный директор считает, что лучшая стратегия — «сохранять спокойствие и смотреть в будущее».   Несмотря на краткосрочные колебания, Хоуган выделил несколько ключевых предстоящих событий. К ним относятся халвинг и потенциальное одобрение спотовых биткойн-ETF такими крупными платформами, как Morgan Stanley или Wells Fargo . Хоуган подчеркнул, что текущие процессы комплексной проверки, проводимые инвестиционными комитетами и консультантами, являются важным шагом перед совершением инвестиций в биткойны. Он упомянул, что в ожидании этих событий цена Биткойна может испытать боковое движение в ответ на незначительные изменения настроений. Тем не менее, Хоуган с оптимизмом смотрит на будущее Биткойна, ссылаясь на устойчивый бычий рынок с ростом почти на 300% за последние 15 месяцев и веские причины для дальнейшего роста.   Январское одобрение спотовых биткойн-ETF значительно открыло рынок криптовалют для профессионалов в области инвестиций. Хоуган считает, что это знаменует собой начало интереса со стороны профессионалов, управляющих триллионами долларов, и этот процесс займет годы. Он также подчеркнул приток $12 миллиардов в ETF с момента их запуска, назвав это самым успешным дебютом ETF. Тем не менее, он ожидает, что глобальные управляющие активами, выделяющие всего 1% своих портфелей в биткойны, могут привести к притоку в 1 триллион долларов, в результате чего первоначальные 12 миллиардов долларов кажутся минимальными инвестициями. Ранее в марте Хоуган предположил, что спотовые ETF Ethereum могут привлечь больше активов, если будут запущены после мая. Учитывая более осторожный прогноз относительно майского дебюта, он предположил , что декабрьский запуск может быть более выгодным. Задержка даст Уолл-стрит и традиционному финансовому сектору больше времени для понимания сложностей криптовалюты, особенно Биткойна. По оценкам Хогана, Уолл-стрит потребуется от восьми до девяти месяцев, чтобы приспособиться к биткойнам, прежде чем рассматривать новый ETF.
    • Hello, friends, I wanted to alert you all about my recent experience with an airdrop group named @Airdrop_Fam. Initially, everything seemed legitimate. They requested an advance payment for their services, which I thought was standard procedure. However, the situation took a turn for the worse when they began demanding additional funds to publish a post. When I resisted their sudden and unexpected demand, communication came to an abrupt halt; they completely ignored my messages. The person behind this scheme is the admin of the group, known as @Airdrop_FAM_Admin. At first, this individual appears cooperative and friendly, but don't be deceived – it's all a facade to extort more money from you. Please, I urge everyone to be cautious and steer clear of @Airdrop_Fam. The group is a sham, filled with no genuine participants. The admin is a charlatan through and through. Don't let yourself be their next victim! Stay safe and always do thorough research before engaging with such groups
    • Як не крути, держава всеодно захоче накласти лапу на вашу діяльність, це просто покищо питання часу!
    • Снижение комиссий и увеличение прибыли: Как Bitmore изменяет игру Высокие банковские комиссии давно являются проблемой для многих предпринимателей. В Bitmore мы стремимся к минимизации ваших расходов на финансовые операции. Убедитесь лично, воспользуйтесь услугами перевода денег между странами, или оплаты счетов.
    • Lower fees and higher profits: How Bitmore is changing the game High bank fees have long been a problem for many entrepreneurs. At Bitmore, we're committed to minimizing your financial transaction costs. See for yourself, use our cross-country money transfer or bill payment services.
    • Обмен в несколько кликов!!! О нас: Сервис на рынке появился  недавно, но наша команда с опытом в сфере обменов больше 5-ти лет, готова предоставить клиенту максимально быстрый и качественный обмен. Наши операторы консультируют клиента на всех этапах сделки. Возможны быстрые обмены с Банковских карт, QIWI, Юмани на Bitcoin, Ethereum, Tether, LiteCoin и другие криптовалюты и обратно. Так же предусмотрена работа с обменами вида Криптовалюта-Криптовалюта. Для клиентов предусмотрено: - Выгодные условия для обмена; - Реферальная программа ; - Программа лояльности для новых клиентов  Оставляйте заявки, обращайтесь в чат и совершайте обмены на выгодных условиях! На данном этапе время работы обменного сервиса с 10:00 до 22:00 по МСК. Наши контакты: eMail: https://admin@ebucks.fi  - для сотрудничества https://support@ebucks.fi   - поддержка, вопросы по обменам Telegram: https://t.me/ebuckssup (@ebuckssup) добавляйтесь только по ссылке. Возможны дубли мошенников. Чат на сайте: https://ebucks.fi/ru
    • Актуальные курсы на 29.03   🇵🇱 ВАРШАВА 🇵🇱   Покупаем Ваш Tether (USDT).   💸Доплатим Вам 0.7 за $. 🏦Выдадим наличный $, €, PLN. 🏢Центр, свой офис, личная встреча, без предоплат. ♻️Денежные переводы по всему миру! 🌍 💰Работаем с любыми объёмами.   За деталями - пишите Менеджеру 🧑‍💻👉 в телеграм  @PLsmartgroupp
    • Дорогие наши клиенты! Предлагаем выгодные обмены в Тайланде. Вы можете купить Тайские Баты по самому выгодному курсу.   НАШИ ПРЕИМУЩЕСТВА: Анонимность и безопасность Отсутствие скрытых платежей и комиссий Среднее время обработки заявки 5 минут Работаем 24/7   КОНТАКТЫ Чат с оператором: EX.ATM24.PRO Телефон: +66 918464597 Телеграм: https://t.me/atm24pr
    • Приветствуем наших клиентов! Предлагаем Вам выгодно купить Биткоин.   Обменник криптовалют Imperial.exchange предлагает выгодный курс и оперативно проводит обмен. Профессиональная работа службы поддержки.   Наши контакты:Почта: support@imperial.exchangeTelegram: https://t.me/imperialexchange_admСайт: https://imperial.exchange/
    • Майнер криптовалюты Hut 8 Corp опубликовал отчет о своих результатах за последние шесть месяцев. Согласно пресс-релизу компании , Hut 8 увеличила выручку до $60,6 млн за шесть месяцев, закончившихся 31 декабря 2023 года. Основные показатели финансовой отчетности Hut 8 включают увеличение выручки на 32% и значительное увеличение чистой прибыли до $6,2 млн по сравнению с к предыдущему чистому убытку. Стоимость майнинга биткойнов ( BTC ) составила 18 815 долларов США, и за этот период компания добыла 1244 биткойна. Стоимость энергии Hut 8 за МВтч составила 44,52 доллара США, что отражает эффективность управления затратами на электроэнергию. Биткойн укрепляет активы Hut 8 Сила баланса компании очевидна в ее активах в биткойнах : по состоянию на 31 декабря 2023 года 9 195 биткойнов оценивались примерно в 388,1 миллиона долларов. Эта база активов обеспечивает Hut 8 значительную рыночную стоимость и потенциал для будущих доходов. Биткойн демонстрирует устойчивый рост с начала года после того, как спотовые биткойн- ETF в США привлекли в биткойн институциональных и розничных инвесторов. С начала года первая и до сих пор лидирующая криптовалюта в мире подорожала на 60%, а в начале марта BTC обновил свой исторический максимум, поднявшись выше $70 000. Кроме того, рыночная капитализация Биткойна превысила 1,4 триллиона долларов, что сделало самую ценную криптовалюту восьмым по величине активом в мире, обогнав серебро.
×
×
  • Create New...