Investing in crypto trading any good? - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > WallStreetBets > CryptoCurrency

CryptoCurrency Discuss all CryptoCurrencies / coins and their use for personal or business purposes. Bitcoin (BTC) is possibly the best known but there are numerous crypto currencies, this is the forum to discuss them all.

Reply
 
Thread Tools
  #1  
Old 04-18-2020
Junior Member
 
Join Date: Oct 2016
Posts: 68
Thanks: 2
Thanked 7 Times in 7 Posts
Activity: 0%
Longevity: 43%
iTrader: (0)
Default Investing in crypto trading any good?

Guys, I've seen many posts in crypto forums that people are making good sum by trading and exchanging crypto currency. Seeing their post I though to give that a try. I'm fairly new to crypto world and have almost zero knowledge in trading. Do you think any trading bot would help?
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 05-11-2020
Junior Member
 
Join Date: Apr 2016
Posts: 44
Thanks: 7
Thanked 4 Times in 4 Posts
Activity: 0%
Longevity: 46%
iTrader: (0)
Default Re: Investing in crypto trading any good?

Quote:
Originally Posted by Tim007 View Post
Guys, I've seen many posts in crypto forums that people are making good sum by trading and exchanging crypto currency. Seeing their post I though to give that a try. I'm fairly new to crypto world and have almost zero knowledge in trading. Do you think any trading bot would help?
Many people online make it look like it is easy money and you can make a lot of money very quickly....(obviously to sell you their overpriced courses) but if you want to trade you may want to learn - and learn well - how to trade and then be prepared to control your emotions as cryptos are very volatile.. more than forex, as an example.

Alternatively you can put your trust on groups or companies out there where they trade in your behalf. However, there are no guarantees and you should research things very well before you invest any money. Personally I have lost in a few occasions so I am very careful where I put my money on.

Obviously - as they say - never invest any money you cannot afford to lose

Good luck in your search remember to stay away from promises of quick riches... :-)
Reply With Quote
  #3  
Old 10-05-2020
Banned
 
Join Date: Jan 2013
Posts: 5
Thanks: 0
Thanked 2 Times in 2 Posts
Activity: 0%
Longevity: 65%
iTrader: (0)
Default Re: Investing in crypto trading any good?

Only invest what you can lose, dont trust anyone, always do your own research,be careful a lot of scams
Reply With Quote
  #4  
Old 02-13-2021
Junior Member
 
Join Date: Feb 2021
Posts: 1
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 18%
iTrader: (0)
Default Re: Investing in crypto trading any good?

Investing in crypto is risky, of course, all investing carries a degree of risk. If you have free capital you can easily try to invest in it with condition that you have some knowledges in domain of cryptocurrency, if you don't have available some free capital then you should always avoid unnecessary risks, especially when it comes to your hard-earned money. Don't play poker with your financial future.
Reply With Quote
  #5  
Old 02-13-2021
nate's Avatar
Senior Member
 
Join Date: Jul 2016
Posts: 990
Thanks: 169
Thanked 411 Times in 269 Posts
Activity: 4%
Longevity: 44%
iTrader: (0)
Default Re: Investing in crypto trading any good?

Quote:
Originally Posted by Wagstaff View Post
Investing in crypto is risky. Don't play poker with your financial future.
FACT CHECK: Anyone who "invested" in Bitcoin and held through an entire 4yr cycle at minimum doubled their money if the bought at the very top of the previous cycle. Bitcoin is the most predictable market in existence.

"Trading" & "Investing" is apples to oranges.
__________________
Make Crypto Great Again 2024...
Reply With Quote
  #6  
Old 02-14-2021
Senior Member
 
Join Date: Sep 2020
Posts: 761
Thanks: 33
Thanked 96 Times in 76 Posts
Activity: 0%
Longevity: 20%
iTrader: (0)
Default Re: Investing in crypto trading any good?

I wouldn't say investing in crypto is risk especially since all the hedge funds are jumping in on it. If you plan to hold for the next 5 years or more you should be fine.

Trading on the other hand is far more risky and you're more likely to lose money
Reply With Quote
  #7  
Old 02-14-2021
james_112233's Avatar
Senior Member
 
Join Date: Mar 2017
Posts: 2,369
Thanks: 635
Thanked 559 Times in 420 Posts
Activity: 20%
Longevity: 40%
iTrader: (0)
Default Re: Investing in crypto trading any good?

The best investment is in something you know and understand in my opinion.

Everyone is investing in forex / crypto mostly because their friend is doing it. I think that's a quick way to lose your capital.
Reply With Quote
  #8  
Old 02-14-2021
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 75,855
Thanks: 5,926
Thanked 8,909 Times in 8,202 Posts
Activity: 99%
Longevity: 83%
iTrader: (7)
Default Re: Investing in crypto trading any good?

Quote:
Originally Posted by Wagstaff View Post
Investing in crypto is risky, of course, all investing carries a degree of risk. If you have free capital you can easily try to invest in it with condition that you have some knowledges in domain of cryptocurrency, if you don't have available some free capital then you should always avoid unnecessary risks, especially when it comes to your hard-earned money. Don't play poker with your financial future.
Welcome to the forum - all the best as you master stealth

https://youtu.be/TLcuTISVs3s

Longterm holding
Reply With Quote
  #9  
Old 02-14-2021
Junior Member
 
Join Date: Jun 2016
Posts: 165
Thanks: 0
Thanked 21 Times in 21 Posts
Activity: 0%
Longevity: 45%
iTrader: (0)
Default Re: Investing in crypto trading any good?

Long term invesment in the BTC is the worst strategy. But this is the reason why BTC price goes up so far and short term investors (big companies usually) are happy about it..
Reply With Quote
  #10  
Old 02-14-2021
Executive [VIP]
 
Join Date: Feb 2008
Posts: 1,071
Thanks: 52
Thanked 160 Times in 137 Posts
Activity: 33%
Longevity: 93%
iTrader: (2)
Default Re: Investing in crypto trading any good?

Why is it the worst strategy?

Quote:
Originally Posted by quest View Post
Long term invesment in the BTC is the worst strategy. But this is the reason why BTC price goes up so far and short term investors (big companies usually) are happy about it..
Reply With Quote
The Following User Says Thank You to Freakzilla For This Useful Post:
nate (02-14-2021)
  #11  
Old 02-14-2021
nate's Avatar
Senior Member
 
Join Date: Jul 2016
Posts: 990
Thanks: 169
Thanked 411 Times in 269 Posts
Activity: 4%
Longevity: 44%
iTrader: (0)
Default Re: Investing in crypto trading any good?

Quote:
Originally Posted by quest View Post
Long term invesment in the BTC is the worst strategy.
__________________
Make Crypto Great Again 2024...
Reply With Quote
  #12  
Old 02-14-2021
Junior Member
 
Join Date: Jun 2016
Posts: 165
Thanks: 0
Thanked 21 Times in 21 Posts
Activity: 0%
Longevity: 45%
iTrader: (0)
Default Re: Investing in crypto trading any good?

Quote:
Originally Posted by Freakzilla View Post
Why is it the worst strategy?
When long term holders will decide to sell it, price will go down low very fast

Either you track market, buy low, sel high.. or buy at any price, hold it and after few years you will realize that you just lost a lot of money.

BTC is just a bubble. If somebody makes profit out of it - that means on another end somebody lost that amount.
Reply With Quote
  #13  
Old 02-14-2021
agent006140's Avatar
Senior Member
 
Join Date: Jul 2018
Posts: 12,089
Thanks: 1,622
Thanked 1,098 Times in 1,034 Posts
Activity: 89%
Longevity: 33%
iTrader: (0)
Default Re: Investing in crypto trading any good?

what he is trying to tell you is that private equity,hedgefund,and even businesses like TSLA and Microchip ,they bought millions and billions and all that buying push the bitcoins price higher and higher,and retail investors tend to buy at the peak,
some day when they liquidate (dont forget these are businesses which would need money to run a business),they would not be liquidating nickels and dimes,they would be selling millions .if there is no one of that size on the other end,the price of bitcoin will fall sharply.
a good example will be last week when DJ dropped over 600 points,as short sellers need to raise cash to cover GME.
you either have to have faith in long term prospect of crypto or be a nimble short term trader,you decide
Reply With Quote
  #14  
Old 02-15-2021
ghosty's Avatar
Junior Member
 
Join Date: May 2019
Posts: 35
Thanks: 22
Thanked 1 Time in 1 Post
Activity: 1%
Longevity: 28%
iTrader: (0)
Default Re: Investing in crypto trading any good?

For the Long Term Holders patients is the Key. It is possible to make money in crypto, just do your research. You can also check tradingview you can find a lot of information about all types of Trading. They have free option and subscriptions.
Reply With Quote
  #15  
Old 02-15-2021
Executive [VIP]
 
Join Date: Dec 2010
Posts: 3,506
Thanks: 254
Thanked 815 Times in 600 Posts
Activity: 5%
Longevity: 77%
iTrader: (0)
Default Re: Investing in crypto trading any good?

I would never put my money in crypto for the long term. I will keep my money on the stock market and let it ride for the long term. Stocks like Visa (v) and mastercard (MA) are some stocks I'm in for the long term.
Some years ago I did do ETH mining and built many mining machines for other people but I got out of crypto.
Reply With Quote
  #16  
Old 02-15-2021
SaiJin's Avatar
Super Moderator
 
Join Date: Jul 2008
Posts: 15,901
Thanks: 318
Thanked 2,536 Times in 2,190 Posts
Activity: 71%
Longevity: 91%
iTrader: (2)
Default Re: Investing in crypto trading any good?

Those machines are expensive right?
Did they suck a ton of bandwidth a month?
Reply With Quote
  #17  
Old 02-15-2021
Executive [VIP]
 
Join Date: Dec 2010
Posts: 3,506
Thanks: 254
Thanked 815 Times in 600 Posts
Activity: 5%
Longevity: 77%
iTrader: (0)
Default Re: Investing in crypto trading any good?

Quote:
Originally Posted by SaiJin View Post
Those machines are expensive right?
Did they suck a ton of bandwidth a month?
They are expensive because the prices on graphics cards have gone up by 50-100%.

They dont actaully suck up much bandwidth, the only thing you need is a reliable connection.
Reply With Quote
  #18  
Old 02-16-2021
agent006140's Avatar
Senior Member
 
Join Date: Jul 2018
Posts: 12,089
Thanks: 1,622
Thanked 1,098 Times in 1,034 Posts
Activity: 89%
Longevity: 33%
iTrader: (0)
Default Re: Investing in crypto trading any good?

I thought mining runs up your electric bill,some miners even move to places where electricity is cheap ,some even burnt down their garage !
Reply With Quote
  #19  
Old 02-16-2021
Junior Member
 
Join Date: Jun 2016
Posts: 165
Thanks: 0
Thanked 21 Times in 21 Posts
Activity: 0%
Longevity: 45%
iTrader: (0)
Default Re: Investing in crypto trading any good?

Bitcoin uses more electricity annually than the whole of Argentina, analysis by Cambridge University suggests.
https://www.bbc.com/news/technology-56012952
Reply With Quote
  #20  
Old 02-25-2021
james_112233's Avatar
Senior Member
 
Join Date: Mar 2017
Posts: 2,369
Thanks: 635
Thanked 559 Times in 420 Posts
Activity: 20%
Longevity: 40%
iTrader: (0)
Default Re: Investing in crypto trading any good?

What if you dedicated a large sum of money to trade crypto i.e. 10 or even 20k in the short term ? wouldn't that be the best thing to do. As the profits you can make in the space of a month would be worth buying and selling as long as you keep your eye on the price daily ?
Reply With Quote
  #21  
Old 03-01-2021
Junior Member
 
Join Date: Mar 2021
Posts: 5
Thanks: 0
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 17%
iTrader: (0)
Default Re: Investing in crypto trading any good?

Quote:
Originally Posted by quest View Post
Long term invesment in the BTC is the worst strategy. But this is the reason why BTC price goes up so far and short term investors (big companies usually) are happy about it..
every single person whos held long term is now laughing at what you jus tsaid
Reply With Quote
  #22  
Old 03-02-2021
Banned
 
Join Date: Feb 2021
Posts: 25
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 18%
iTrader: (0)
Default Re: Investing in crypto trading any good?

Looking for crypto that I can microinvest and return after 5 years maybe.
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Crypto Trading turtlepillow Stock Market Traders 28 09-16-2020 04:56 AM
Which is the best crypto trading exchanger for crypto trading? evelynharper CryptoCurrency 15 11-30-2019 10:44 AM
Crypto trading bots neo2013 CryptoCurrency 8 05-16-2018 10:00 PM
good crypto info on the fly danshan CryptoCurrency 6 07-26-2017 12:29 PM
Any Good Money Investing Opportunities ???? ebay General Money Chat 7 07-21-2009 05:07 PM


Aspkin Group

All times are GMT -5. The time now is 02:37 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58