Well there are lots of ways one could make profits, most people usually buy when the prices are down and later sell off at a higher price, some people also hold for a long time and leave it to appreciate down the line as it is bound to with time
How do people make money from trading crypto currencies?
- Thread starter Bookwormlux
- Start date
Concerning how do people make money from trading crypto currency. Well, I believe the best way people are making money through trading crypto currency is when an individual buys when the cryptocurrency is low and sells when the price rises .
You can make money by buying crypto and selling it when the price goes up. A friend bought a crypto costing 1,000 (not clear what kind of real currency). After a week when she needed money she sold her coin for 990. That's a minimal loss but definitely it was contrary to her expetaction to make a profit. The issue in trading is that you should have more time before you sell.
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One of the simplest ways people make their Money trading cryptocurrencies is to buy some quantities of the coin and hold it for a while to appreciate in value then sell it for profits
I have personally made some money and at the same time i have also lost some money as well and the risk is very high. The key is to invest in a coin that is well known and have patience to see the coin rise despite there being minor drops in teh price. Not panicking is how you profit in teh crypto world.
Cryptocurrencies trading is one of the ways money can be made through cryptocurrencies. It involves predicting the prices of coins and buying coins when they are cheap to be sold when they are expensive
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Trading crypto is easy to place, but very risky investment. If you aren't prepared for it at the moment don't enter. Don't be on a haste to make money via crypto trading, it backfired that way.
- Thread starter
- #48
Thank you. I have some coins that have dropped drastically at the moment, but I'm not selling because I have hope of holding for a very long time.
It is a good idea not to sell your cryptocurrency right now because the market is dropping, but if you manage the coins that you have then you should be able to make up for the coins that you have. What coins are you currently holding if i may ask?
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Trading cryptocurrency is very good business you make profits from trading cryptocurrency by setting your own price and charges for your prospective customers. You just have to add little amount of money to the initial price when selling cryptocurrency to third party
Buy and HODL. This is the most common way of earning money from cryptocurrencies. Most investors buy coins such as Bitcoin, Litecoin, Ethereum, Ripple, and more and wait until their value rise. Once their market prices rise, they sell at a profit.
I'm not trading crypto at the moment, i just buy, holdl wait for the right time to sell off. Engaging on trading its still early days for a beginner, as a bigger you need to.learn it and understand the terms used in trading.
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it is very easy the way people make money from trading cryptocurrency they allowed to crypto currency to appreciate and sell at a higher price most people buy at a low price and also sell at higher price.
That's it, some are even making huge amount of money trading during this bearish run. If you're an expert crypto trader you can earn from the bearish, trading by placing sell off option, as the price is dropping, the better your trade.
You asked a better question because people always claimed that they are investing in cypto currency but they didn't inform us on how and where they start the investments.
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IN order to trade, you need to buy coins when the price goes down (fir example, buy now as the market is down). The sell your coins when the market goes up.
Most people make money from trading cryptocurrencies by waiting to buy the dips in any of the cryptocurrencies of their choice and then hold these coins for a period of time as they may choose and then sell for profits
From the word trade, trading crypto currency simply is the buying and selling of crypto currency, buy when the price is low like now and sell when it's high, to make profit.
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When you simply see that your cryptocurrency of choice is going the down trend very fast, that will be a good time to buy the dip and hodl such coin for a very long term before you should sell them off for profits
I think to make money you buy a coin that you feel has a potential or appreciating when it is low and sell when you feel there will be a correction
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