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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.

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  #1  
Old 04-18-2020
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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?
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  #2  
Old 05-11-2020
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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... :-)
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  #3  
Old 10-05-2020
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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
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  #4  
Old 02-13-2021
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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.
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  #5  
Old 02-13-2021
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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.
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  #6  
Old 02-14-2021
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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
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  #7  
Old 02-14-2021
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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.
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Old 02-14-2021
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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
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  #9  
Old 02-14-2021
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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..
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Old 02-14-2021
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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..
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  #11  
Old 02-14-2021
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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.
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  #12  
Old 02-14-2021
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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.
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Old 02-14-2021
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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
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  #14  
Old 02-15-2021
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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.
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  #15  
Old 02-15-2021
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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.
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  #16  
Old 02-15-2021
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Default Re: Investing in crypto trading any good?

Those machines are expensive right?
Did they suck a ton of bandwidth a month?
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  #17  
Old 02-15-2021
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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.
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  #18  
Old 02-16-2021
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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 !
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  #19  
Old 02-16-2021
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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
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  #20  
Old 02-25-2021
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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 ?
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  #21  
Old 03-01-2021
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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
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  #22  
Old 03-02-2021
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Default Re: Investing in crypto trading any good?

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