Can you make money trading cryptocurrency?

Asked By: Pierre Klein
Date created: Mon, Mar 15, 2021 6:53 AM
Best answers
Answered By: Annabell Connelly
Date created: Tue, Mar 16, 2021 1:04 AM
To make money online trading cryptocurrency, investors can either buy and sell actual crypto coins or use derivatives instead, such as a contract for difference (CFD). When you trade crypto using CFDs, you speculate on the direction of the underlying asset’s prices without actually owning it.
Answered By: Eudora Osinski
Date created: Wed, Mar 17, 2021 10:38 AM
In 2021, this is something which is catching up, and as long as you have crypto trading skills, you can make money in bear and bull cycle. At the time of writing, these are the platforms which will let you create your own trading tribe, and earn an income from their trading profits: PrimeXBT; Shrimpy; eToro
Answered By: Darrel Crooks
Date created: Fri, Mar 19, 2021 1:20 PM
1. Two main ways to make money: There are two ways to make money with crypto. ‍ Quantity. The first is by maximising how much of the currency you end up with. For example, you spend $8,000 on a miner and in 12 months it mines $20,000 worth of your chosen cryptocurrency. Minus the $8,000 in costs, you net $12,000 or 1.5x your initial investment.
Answered By: Chester Collier
Date created: Sat, Mar 20, 2021 11:26 AM
A key determinant of whether or not you can make massive amounts of money in cryptocurrency is the strategy or method. most people make money with crypto by buying and selling directly on exchanges, mining, day trading, or holding their funds for better prices.eas Direct buying and selling. This is the easiest way to earn from cryptos.
Answered By: Delbert Johnston
Date created: Sat, Mar 20, 2021 4:46 PM
Crypto Day Trading Strategy Step #1: Pick up Coins with High Volatility and High Liquidity. As previously discussed, the number one choice you need... Step #2: Apply the Money Flow Index Indicator on the 5-Minute Chart. This specific day trading strategy uses one simple... Step #3: Wait for the ...
Answered By: Citlalli Gutkowski
Date created: Sun, Mar 21, 2021 1:11 PM
Even Bitcoin, which is considered the most legitimate cryptocurrency, could potentially be banned, or at least highly regulated. Treasury Secretary Janet Yellen said earlier this year that the U.S. government may need to “curtail” the use of Bitcoin, adding that it’s mainly used for “illicit financing.”
Answered By: Adell Reinger
Date created: Tue, Mar 23, 2021 9:49 AM
Many other answers on this thread share success stories about day trading cryptocurrencies, or buying an ICO and cashing out 1000x that was invested. These are all great stories and may be exactly what someone new to crypto wants to know about; ho...
Answered By: Miracle Larson
Date created: Thu, Mar 25, 2021 3:06 PM
Give You The Roadmap and Work With You To Market Your Business And Personal Brand In The Trading World webAF originated from ADVANCED Futures in 2002. The ADVANCED name is a brand that is recognized throughout the trading industry.
Answered By: Maryse Nienow
Date created: Sat, Mar 27, 2021 2:02 AM
It is possible that regulation will screw cryptocurrencies forever. Just because cryptocurrencies are decentralized, does not mean countries cannot ban it. If countries do ban it, cryptocurrencies will obviously become much more useless. What are most owners of bitcoin to do with illegal bitcoin?
Answered By: Gerardo Skiles
Date created: Sat, Mar 27, 2021 5:41 AM

Ways of Making Money with Cryptocurrency

  • Direct buying and selling. This is the easiest way to earn from cryptos…
  • Day trading. It is tough and challenging but profitable…
  • Mining…
  • Yes, holders are called so because they store their coins until their values rise then release them…
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Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex...

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