How to profit?

[bonett]

I'm really new on crypto things and I still have a lot of confusion. How can we earn from it? Can we really earn big from it and should we invest big?

 

[Alex D.]

It sounds simple, you buy it when the price is low and sell when it's high. It's not for everyone, I tried it last year and I lost a lot of time and a little bit of money. My first invest was Golem I doubled money on it in about 2 months, moved to another crypto and lost profit when the market started to go down. I was late with Golem, If I entered two months earlier I would get 5x my investment. I was in it for about 6 months. I learned that it's not for me, you need to have a lot of patience with Crypto. I realized it's way better to invest my time in something productive.

 

[Safff]

It's hard and unstable market, I feel it's not for you BUT read smth abt btc then make what u want and hodl

 

[hokuspokus]

It's hard and unstable market, I feel it's not for you BUT read smth abt btc then make what u want and hodl

It's possible to make money, do your research carefully and invest in something you believe in, It's a bear market now but it will turn up someday, if you have the right coin investment you will earn money, just like in the stocks market, but bigger profits, and bigger losses possible

 

[roober]

easiest way to start, investing in new coins long-term deposits, the maximum variety of your portfolio

 

[Pepemakingmony]

LoL Tell me why crypto is not dead, not the new incredible changes incoming because that bullshit never started a bullrun.

Crypto is not dying but sleeping, the EUR/USD has more volume.

Go for Forex and learn some basic, cryptomarket is not volatile but impredecible

 

[hokuspokus]

LoL Tell me why crypto is not dead, not the new incredible changes incoming because that bullshit never started a bullrun.

Crypto is not dying but sleeping, the EUR/USD has more volume.

Go for Forex and learn some basic, cryptomarket is not volatile but impredecible

Worthless advice, did he/she ask about Forex?

Do your research and have patience, probably you can make a lot of money

 

[Verost]

The fact that you are still a beginner and already thinking about big money is no longer correct. You better think about how you will study all this and in which direction to work.

 

[spectre77]

invest in faucet for god sake

 

[Mohamed Habib]

I'm really new on crypto things and I still have a lot of confusion. How can we earn from it? Can we really earn big from it and should we invest big?

Several types of ways to profit or lose money:
1. investor (recommend you start here until you become familiar enough to travel down this list.
2. trader
a. swing trader
b. day trader
c. scalper.

Since you are starting out i recommend playing the long term game. right now is a good time to buy BUT it is possible for BTC to go lower. Just follow this chart by laddering your buys all the way down to 2800.
https://www.tradingview.com/chart/B...iew-Where-The-Smart-Money-is-going-to-buying/ (not my chart but i vouch for it).

My chart (on a monthly timeframe): https://www.tradingview.com/chart/BTCUSD/4LVrw3Cr-BTCUSD-Demand-Zone-Analysis/

 

[SMSCodes]

Do your research first , start off with small trades to find your feet .
Coinmarketcap.com here you can find all crypto currencies.
Good luck

 

[Mohamed Habib]

Worthless advice, did he/she ask about Forex?

Do your research and have patience, probably you can make a lot of money

This is actually great advice. Forex is a lot more predictable because there is more institutional money there. With cryptos, excluding BTC, there is no institutional money, the whales, or a team of whales get together and manipulate the market, deciding if a crypto is going up or down. There was one cryptotrader that was pretty transparent in his trades, and a screenshot of a private whale group leaked out, they were playing against him to fuck with him. I also don't think hidden buy/sell walls are a thing in forex.

 

[.Eternal.]

BTC market dominance is 54.3% right now. Because of this when BTC goes down other cryptos follow. So atm even if a project has a good real-world use case the value of that coin will still go down along with BTC.
XRP and Ethereum have gained huge market cap but they are still far away from #1 position.
When BTC will go down to 30% market dominance things will change and other cryptos will break away from btc.

 

[lacover]

Cryptos are just not worth it.
If you want to gamble go to the casino you might have more chances of winning some money.

 

[outrage666]

Do you have much money that you do not need to live? Then maybe invest a part of that money. But when you are small on money and think you can get rich with it: forget it better and start working on real methods to earn. The dream of just work nothing and get rich is just a dream. Hard work pays of. And yes its true: buy low sell high sounds is the way and sounds so easy. but when it is someasy everyone on the whole planet would be a rich person

 

[kraski44]

Look for the bottom on the market, once it hits, you can buy and enjoy the ride up.

 

[.Eternal.]

Look for the bottom on the market, once it hits, you can buy and enjoy the ride up.

That's the hardest part knowing the bottom. People are buying dips from February but it keeps going lower and lower.

 

[.Eternal.]

Extra TIP:
Don't use binance until they release fiat exchange.

 

[bencs22]

If you have no knowledge of trading then simply buy something low and sell high. There are lots of guides and help to learn trading but your're not going to be rich overnight.

 

[AMPServices]

What about taking a look at masternodes when crypto is dropping this low, there are cheap ones which can be really good if you want to invest long term.