Make money trading bitcoin?

[Nichrome]

Hello guys...I want to make money from Bitcoin, but I really don't want to go into day trading, studying pips and all that.

Is it feasible to make money by buying, and selling in maybe a few weeks time, when the price will have increased..or is it not that simple?

Please I will like to know, i am a newbie in the crypto world... thanks in advance


Pl

 

[Leader777]

It's risky

 

[NatalieDev]

bitcoin is very difficult to trade because of manipulation, and very unpredictable but if you buy and hold for years you might make some money on your investment, if you really want to learn to trade i recommend forex it's easier and more predictable, plus a lot of strategies on youtube you can pick one, and you can start with a demo account without risking real money, you cannot make money trading without learning technical analysis yourself.

 

[Perc30]

Forget technical analysis, learn about value investing, coump interest is the key to get millonaire

 

[jasonforrest]

the key is patience

think longer term and most likely you'll gain.

 

[jak19]

trading is the riskiest thing you can do in crypto, most of the places where you can trade are worse than the worst casinos. Better to buy what you can and hold, there is a bull run coming and just by sitting tight for a couple of years you could see major returns

 

[extinstall]

technical analysis doesnt work, more than 90 % of people trading lose moneyyy, its very risky game

 

[Elvlin]

well if you trade with money that you won't use. than you can trade like that. but at minimum you must learn resistance and support to so you know when to entry or exit.
only use 10% from your capital, when decided to entry. so incase the price fall you can keep the coin. and open another position.
make sure you purchase the real coin (and established one like BTC,eth). Also be patient i have 1 trade that i keep for more than 4 month before exit. and only do 5-6 transaction in a year.
still you got decent return

 

[HustleTong]

..I want to make money from Bitcoin, but I really don't want to go into day trading, studying pips and all that

Not with this mindset.

 

[ibansepacom]

same with stocks or even worse forex trading you can loose all your money, especially if you trade on margin and dont know what you are doing
with bitcoin there is only one simple winning strategy (Besides selling basis on futures and other complex derivatives) - just close your eyes, buy, and wait 3 years