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[Kingsleyy]

There are thousands of people who claims they are making money From trading cryptocurrency but Research stated that atleast 90 percent of crypto traders lose their money, in this case it is only 10 percent of traders are benefiting from trading. It has Also been reported by the Federal Trade Commission that Americans lost over 80 millions USD in the last few months due to trading, Base on this statistics does it really mean that crypto trading is not profitable to 90 percent of traders ? What do you think about this.

 

[btaliat]

You're right about that. I do have a friend that buy cryptocurrency coin at a very discounted price and then resell it to very rich investors at a very high price or one that's higher than the current dollar rate and that's how they make their money.
You just need connections to do that actually.

Maybe. This is because I have tried to calculate the gain they make on this activity and I discovered that it is not much. But it may be because I don't know other tricks that are using in order to get much money from this activity. I think I need to get connected with an expert on it for more knowledge.

 

[BullyMaguire]

I yhink that's the best. Most people always experince loss in crypto trading due to lack of knowledge about the market. But i think people are really making good monet in trading crypto when you know the time to buy and the time to sell. Actually buying time is always when the price is down and selling time is when the price is up.

Usually they lose money because of fear like what's happening now in the market everything is going down.. many traders have purchased at high price and the sudden fall would result in instant loss. Unless they sell and buy at lower or just hold their crypto and hope it recover fast..

 

[Wisdom01]

You're right about that. I do have a friend that buy cryptocurrency coin at a very discounted price and then resell it to very rich investors at a very high price or one that's higher than the current dollar rate and that's how they make their money.
You just need connections to do that actually.

The peer to peer trading features is really favourable to some ,many are actually making more money off it ,they actually do run trades on a daily after buying on discount basis and sell for more money to the buyers ,these are actually the terminologies that some traders usually make use of at times

 

[Skysaint]

The peer to peer trading features is really favourable to some ,many are actually making more money off it ,they actually do run trades on a daily after buying on discount basis and sell for more money to the buyers ,these are actually the terminologies that some traders usually make use of at times

I think there's an app on play store that's committed to doing this very business of buying cryptocurrencies in a discounted amount and reselling. They seem legit as I was told but it's kind of too risky for me to have anything to do with them.
But that's just a proof that you can make good money off that just that you need to make yourself known to those who need your services.

 

[Wisdom01]

I think there's an app on play store that's committed to doing this very business of buying cryptocurrencies in a discounted amount and reselling. They seem legit as I was told but it's kind of too risky for me to have anything to do with them.
But that's just a proof that you can make good money off that just that you need to make yourself known to those who need your services.

I think some do call it arbitrage trading , although you need to be very fast when making transaction , because you could get more money from the trading deals you are carrying out or might even lose some amount of money when the market goes otherwise ,that's something I noticed about bitcoin

 

[Skysaint]

I think some do call it arbitrage trading , although you need to be very fast when making transaction , because you could get more money from the trading deals you are carrying out or might even lose some amount of money when the market goes otherwise ,that's something I noticed about bitcoin

What they sell most times us usually the dollar or should I say they stable coins. It's not something that can change value at an instant and yes you're right, if you're dealing on other cryptocurrencies then you should be very fast with transactions to avoid future losses.
It's actually very lucrative for those who know a thing about it.

 

[Ben Kempton]

There are some people that are even making money from peer to peer trading on Binance. I have tried to learn how this can be done as it is not as risky as the other forms of making money in crypto. They only get their money through the difference that exist in buying and selling of the USDT, especially.

I have also discovered that spot trading is also available on Binance and some other exchanges as well. However, my concerns about binance involves their authentication and verification process related to accounts. They do not verify your account if you do not have documents in English language and this caused a lot of problems for me.

 

[Wisdom01]

What they sell most times us usually the dollar or should I say they stable coins. It's not something that can change value at an instant and yes you're right, if you're dealing on other cryptocurrencies then you should be very fast with transactions to avoid future losses.
It's actually very lucrative for those who know a thing about it.

Some currencies are volatile tho , there are some currencies that could change figure within minutes and hours , only that you just need to watch how you buy and run trade that will later benefit you , but defining you have to be fast in conducting transaction cryptocurrency transaction when running arbitrage trading , apart from just bitcoin

 

[Skysaint]

Some currencies are volatile tho , there are some currencies that could change figure within minutes and hours , only that you just need to watch how you buy and run trade that will later benefit you , but defining you have to be fast in conducting transaction cryptocurrency transaction when running arbitrage trading , apart from just bitcoin

Sone if these investors or should I say traders that are into such are most times long term investors because they would never resale that very coin if it's not actually going to favour them. So they are always willing to wait for the time the coin would yield them good returns on their investments or arbitrage trading.

 

[Wisdom01]

Sone if these investors or should I say traders that are into such are most times long term investors because they would never resale that very coin if it's not actually going to favour them. So they are always willing to wait for the time the coin would yield them good returns on their investments or arbitrage trading.

Well I feel some are different tho , some that are in haste to make profit would sell when a particular year reach , some could hold for like two years and others ,but I really love short term trading the simplicity and others made more love short term trading more I think

 

[a_jerobon]

The peer to peer trading features is really favourable to some ,many are actually making more money off it ,they actually do run trades on a daily after buying on discount basis and sell for more money to the buyers ,these are actually the terminologies that some traders usually make use of at times

I was learning about cryptocurrency trading by watching a certain video on Binance. Yes, there is a way for earning through peer to peer trading.

You post an ad for both buying and selling. So you buy at a low price and sell at a high price.

 

[Skysaint]

Well I feel some are different tho , some that are in haste to make profit would sell when a particular year reach , some could hold for like two years and others ,but I really love short term trading the simplicity and others made more love short term trading more I think

Same with me. I think I prefer short term trades to long term investments. Just imagine those that invested in Bitcoin when the price was still about $60k and they planned to hold for about three years, do you think that it would be possible for Bitcoin to get to that point again within that time frame let alone adding profits or return on investment to it? That's why it's best to withdraw when you think the market ain't favourable.

 

[Wisdom01]

I was learning about cryptocurrency trading by watching a certain video on Binance. Yes, there is a way for earning through peer to peer trading.

You post an ad for both buying and selling. So you buy at a low price and sell at a high price.

Sure I believe when you buy at low prices from the wholesalers in bulk it would come at a reduced price and when selling to the customer ,you would actually charge more amount of money and gain more money , I think it's just like business

 

[Ben Kempton]

Maybe. This is because I have tried to calculate the gain they make on this activity and I discovered that it is not much. But it may be because I don't know other tricks that are using in order to get much money from this activity. I think I need to get connected with an expert on it for more knowledge.

I think that right now there are a few cryptocurrency traders who might be making money through cryptocurrencies, But they might not be making money through swing trading as the market is trading in red and not suitable for swing traders.

 

[Sammydan]

How did the writer of that article get to know that 90 percent of crypto trader are losing their money? For all I know, people are making money from crypto trading. I agree that many crypto traders are loosing their money due to violatility of the coins, but those losing money are not upto 90 percent.

 

[Wisdom01]

How did the writer of that article get to know that 90 percent of crypto trader are losing their money? For all I know, people are making money from crypto trading. I agree that many crypto traders are loosing their money due to violatility of the coins, but those losing money are not upto 90 percent.

I think it's even after they have sold that's when they have lose money , if they have still not sell off ,I think there is still possibility of a come back in the value of their investment ,it's after they have sold off that's when it's concluded as a loas