Is It Possible To Make Huge Money From Cryptocurrency?
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Sikapa
Verified member
I have been hearing this crytocurrency but I don't have much idea about it but from most of the questions that I used to ask on this forum shows that one can make money out of crytocurrency. There are more people n this platform that are benefiting from crytocurrency and I think they will answer your question well to you.
I always love to hear about crytocurrency and I'm will to learn more about it but it seems no one is willing to sacrifice to my aid and help me out, although any question that I will ask, they try to answer me but I need someone to be my hero and teach me everything about crytocurrency. I was trying my best to learn from YouTube but I don't get what they teach well and therefore I have stop wasting much time on it. Just look forward to more answers to your question and you will get to know the truth here.
I always love to hear about crytocurrency and I'm will to learn more about it but it seems no one is willing to sacrifice to my aid and help me out, although any question that I will ask, they try to answer me but I need someone to be my hero and teach me everything about crytocurrency. I was trying my best to learn from YouTube but I don't get what they teach well and therefore I have stop wasting much time on it. Just look forward to more answers to your question and you will get to know the truth here.
Sotherefore
VIP Contributor
Money can be made in cryptocurrency and how you can make this money will be determined by so many things . Firstly you should not be looking for opportunity to be making money in the crypto space by mining because this will not help you in any way and at the end of the it you will just be wasting your time on something that will not be profitable to you.
Mining of cryptocurrency does not work and I have never seen anyone that has been able to mine cryptocurrency to a point of earning something reasonable that is why I consider it to be a waste of time..
To be able to make money in the cryptospace , you must first of all learn how cryptocurrency works and understand it . That is the only way cryptocurrency can help , you needs to understand what you are interested to make money with. Learning of technical analysis is the best.
Mining of cryptocurrency does not work and I have never seen anyone that has been able to mine cryptocurrency to a point of earning something reasonable that is why I consider it to be a waste of time..
To be able to make money in the cryptospace , you must first of all learn how cryptocurrency works and understand it . That is the only way cryptocurrency can help , you needs to understand what you are interested to make money with. Learning of technical analysis is the best.
How do you mine crypto, with which mining pool you join, currently mining Bitcoin requires around US$2000 of capital. Mining crypto will be very profitable if the price of crypto is expensive. but you don't try cloud mining it will never be profitable because your earning is very slow. Trading crypto is no different from any other trader, sometimes it wins and sometimes it loses. but day traders will take a little profit margin but they do it many times. and you need to learn analysis and need experience, at least you need about 2 years to become a professional crypto trader. Another way to get huge money from crypto is to invest, buy when the price is cheap in bulk, hold until the price is near the peak and sell.
Ayuba Ernest
Banned
Cryptocurrency has been making headlines lately, with prices skyrocketing for popular coins like Bitcoin, Ethereum, and Litecoin. This has led many people to wonder if they can get rich quick by investing in cryptocurrency.
The answer is not straightforward. Cryptocurrency is a risky investment, and its value can go up and down rapidly. Some people have made a lot of money from investing in cryptocurrency, but there are also many stories of people who have lost everything.
The short answer is that it is possible to make a lot of money from cryptocurrency. However, it is also possible to lose a lot of money. Cryptocurrency is a volatile market, and prices can go up and down very quickly. This means that you could make a fortune one day and lose it the next.
If you're thinking of investing in cryptocurrency, it's important to do your research and understand the risks involved. You should also only invest money that you can afford to lose. With that said, cryptocurrency can be a very lucrative investment, and there are many people who have made a lot of money from it .
The answer is not straightforward. Cryptocurrency is a risky investment, and its value can go up and down rapidly. Some people have made a lot of money from investing in cryptocurrency, but there are also many stories of people who have lost everything.
The short answer is that it is possible to make a lot of money from cryptocurrency. However, it is also possible to lose a lot of money. Cryptocurrency is a volatile market, and prices can go up and down very quickly. This means that you could make a fortune one day and lose it the next.
If you're thinking of investing in cryptocurrency, it's important to do your research and understand the risks involved. You should also only invest money that you can afford to lose. With that said, cryptocurrency can be a very lucrative investment, and there are many people who have made a lot of money from it .
SpenserReed
New member
I believe this to be true. Cryptocurrency trading is similar to classic stock trading - the more you invest, the more you can earn. Or lose
LoukiaCharilaou
Valued Contributor
It is true that a lot of people are interested in cryptocurrencies today. Cryptocurrency investment is considered to be one of the most popular investments around the world. I have heard that many people earn money from crypto every day. Some of them became rich.
In my opinion, it is possible to make huge money from cryptocurrencies but it is not easy because you must have some knowledge of them.
As far as I am concerned, I started investing in cryptocurrencies a few months ago. To be honest, I have not earned anything so far because I am just a beginner and I am still learning. Nevertheless, I find this kind of investment very exciting. However, you must be very careful because you may lose all your money. Cryptocurrency investment is very risky because the behaviour of coins is really unpredictable. So, it is wise to invest only what you can afford to lose. In this way, you will be safe.
In my opinion, it is possible to make huge money from cryptocurrencies but it is not easy because you must have some knowledge of them.
As far as I am concerned, I started investing in cryptocurrencies a few months ago. To be honest, I have not earned anything so far because I am just a beginner and I am still learning. Nevertheless, I find this kind of investment very exciting. However, you must be very careful because you may lose all your money. Cryptocurrency investment is very risky because the behaviour of coins is really unpredictable. So, it is wise to invest only what you can afford to lose. In this way, you will be safe.
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Ajebo25
Verified member
To be honest with you I don't think its a good idea if you decide to go into crypto trading or anything that has to do with crypto for now, the crypto market is not always balance and once it does that there are chances you might lose your investment, a minute crypto are up at high value and in the next minute its value can drop which means you lose your investment, therefore if you don't know much about crypto trading I advise you stay away from it for now and find other ways by which you can make money online.
If you want to buy coins I'll suggest you buy coins which haven't grown any value in the crypto market simply because it still has a chance of gaining more value as time passes by but if you buy coins like bitcoin which has a high market value, there are chances it's value may drop and that will mean a loss for your investment
If you want to buy coins I'll suggest you buy coins which haven't grown any value in the crypto market simply because it still has a chance of gaining more value as time passes by but if you buy coins like bitcoin which has a high market value, there are chances it's value may drop and that will mean a loss for your investment
I have been in the crypto market for quite a long time and I don’t think I will be able to say that it’s a place to make a huge amount of money. But yes, it’s surely a place to make a huge loss if not done properly. I believe in one thing that you must not become greedy and accept the market the way it is before it turns into something that you can’t afford to handle.
Peru
New member
I always love to hear about crytocurrency and I'm will to learn more about it but it seems no one is willing to sacrifice to my aid and help me out, although any question that I will ask, they try to answer me but I need someone to be my hero and teach me everything about crytocurrency. I was trying my best to learn from YouTube but I don't get what they teach well and therefore I have stop wasting much time on it. Just look forward to more answers to your question and you will get to know the truth here.
Shaf
Verified member
There are people who have turned to billionaires or millionaires overnight with cryptocurrency using just small amounts of money in a short time. Cryptocurrency is the only investment that can go 10x, 100x in less than a month.
While people also make such high sums of money, even more of them lose huge sums of money. Take for example the recent crash of Terra Luna ecosystem. The amount of money lost was staggering, but people made a lot of money holding it too.
If you want to make such life changing money, first focus on learning. Whether by trading or holding, the right skills will help you make the best decisions and buy the right coin at the right time.
YouTube is a good place to learn, so also Twitter if you learn to filter out unnecessary noise. I find Telegram groups to be really insightful and they usually have content from the beginning of the channel, thus have more information to learn from.
While people also make such high sums of money, even more of them lose huge sums of money. Take for example the recent crash of Terra Luna ecosystem. The amount of money lost was staggering, but people made a lot of money holding it too.
If you want to make such life changing money, first focus on learning. Whether by trading or holding, the right skills will help you make the best decisions and buy the right coin at the right time.
YouTube is a good place to learn, so also Twitter if you learn to filter out unnecessary noise. I find Telegram groups to be really insightful and they usually have content from the beginning of the channel, thus have more information to learn from.
Lymphography
New member
Richee84
Active member
Cryptocurrency is gradually taking over the world, there is more and more increase about the knowledge of cryptocurrency on daily basis.
Making money from is in both ways depending on the market demand and supply of the coin you are trading. A lot of people have make a lot of money from cryptocurrency trading and a lot of people have also make a huge amount of losses from the same cryptocurrency trading. Cryptocurrency market is not just a place one can go with 100 percent guarantee that he or she is going to make money from there.
Cryptocurrency trading is also technical just like Forex trading and at times it also require patience to make good money from it. There are different type of traders in cryptocurrency, we have the long term traders also known a spot traders and the short term traders also know as features trader. Spot or long term traders are trader that invested for a long term, they hardly run into a loss as they are always ready to wait till their asset have grow to certain level before withdrawing it while the short or features traders are tradera who want to make profit on daily basis.
Making money from is in both ways depending on the market demand and supply of the coin you are trading. A lot of people have make a lot of money from cryptocurrency trading and a lot of people have also make a huge amount of losses from the same cryptocurrency trading. Cryptocurrency market is not just a place one can go with 100 percent guarantee that he or she is going to make money from there.
Cryptocurrency trading is also technical just like Forex trading and at times it also require patience to make good money from it. There are different type of traders in cryptocurrency, we have the long term traders also known a spot traders and the short term traders also know as features trader. Spot or long term traders are trader that invested for a long term, they hardly run into a loss as they are always ready to wait till their asset have grow to certain level before withdrawing it while the short or features traders are tradera who want to make profit on daily basis.
Squamation
New member
Yes, it is possible to make huge money from crypto if you are good at trading. There are a number of ways to do this, and the most successful traders have a variety of strategies that they use.
Some common strategies include day trading, swing trading, high frequency trading and scalping.
If you are good at trading and can stay disciplined, you can make a lot of money from crypto.
Some common strategies include day trading, swing trading, high frequency trading and scalping.
If you are good at trading and can stay disciplined, you can make a lot of money from crypto.
Weas
New member
Bitcoin and the cryptocurrency movement are a protest or alternative to the existing global monetary system. Bitcoin and other decentralized cryptocurrencies are not tied to any government or corporation. They represent an alternative way of conducting financial transactions and are designed to give the average person a way out of the traditional financial system and its corrupt institutions.
Cryptocurrency offers a lot of advantages over traditional investments, including the potential for much higher returns.
However, it's important to remember that cryptocurrency is still a very volatile market. So, while it is possible to make a lot of money from crypto, there is also a significant risk of losing money.
Investing in cryptocurrency is not for everyone. If you're thinking about investing in crypto, be sure to do your research and only invest what you can afford to lose.
However, it's important to remember that cryptocurrency is still a very volatile market. So, while it is possible to make a lot of money from crypto, there is also a significant risk of losing money.
Investing in cryptocurrency is not for everyone. If you're thinking about investing in crypto, be sure to do your research and only invest what you can afford to lose.
Mark999
New member
It is possible, but it depends. People should go deep and research projects, including the background, price, and so on. You may learn to check the crypto tracker website(such as CoinCarp.com). Take Bitcoin, for example, you may learn the background of Bitcoin, its history price, or track the data about the exchange wallet.
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