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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.

 

[Mariappa45]

Although you are right ,but the problem and something I have noticed in cryptocurrency is that when people are making loss ,you would not see them posting it but when they are making loss ,that'd the time you would see them displaying the loss for people to see , discouraging others

lol, it is generally everywhere for investors. Even in gambling it is like that. Traders hide their success for others not to learn from their strategies especially those greedy ones. But whenever they experience losses you'll definitely get that one faster.

 

[Wisdom01]

lol, it is generally everywhere for investors. Even in gambling it is like that. Traders hide their success for others not to learn from their strategies especially those greedy ones. But whenever they experience losses you'll definitely get that one faster.

I Actually don't know why they do so ,they have actually forgotten that showing their profit range would get more investors that would develop the crypto community more and help the price ,and even helping them too ,but it seems they are Less interested in such promotion which I don't like

 

[Mariappa45]

I Actually don't know why they do so ,they have actually forgotten that showing their profit range would get more investors that would develop the crypto community more and help the price ,and even helping them too ,but it seems they are Less interested in such promotion which I don't like

Yeah, they are simply not interested to share you their winning strategies which they've used to succeed in cryptocurrency. Instead they want you to keep on subscribing for their signals. The signals they provide doesn't guarantee even 70% success rate. Most of them don't even share you the best which is making them profit regularly.

 

[Brain]

You're simply correct. If people aren't making much around cryptocurrency it wouldn't have been on the positive side today. Likewise me, I wouldn't have kept faith going with the investment here online. The reason why I am still investing us because, I am on the profit side.

yeah I believe he needed to he sure or confirm that people were still making money before taking a pluge. so I hope he is convinced now that people are actually making money but he still need to study the market when trying to invest so that he will get it right to avoid losses.

 

[Mariappa45]

yeah I believe he needed to he sure or confirm that people were still making money before taking a pluge. so I hope he is convinced now that people are actually making money but he still need to study the market when trying to invest so that he will get it right to avoid losses.

I believe he is convinced enough with the points I've shared we've shared with him. If you got strategy around cryptocurrency you'll definitely come to earn reward from it. But investment shouldn't be made often, cos the market is subject to crash also.

 

[Wisdom01]

Well I would say that people are making money trading cryptocurrency but it's a long term process,it's something you keep buy and sell when the interest of what you keep goes up, cryptocurrency is something that you keep for future existence,when you buy a currency,you keep it and sell it when the price goes up and also people are really making mad money investing with cryptocurrency

ITs truly a long term something , people actually thinks that within a short period of time , earning would be that easy like that not knowing it's going to take a long term something to earn through the existence of cryptocurrency , crypto currency is very risky ,it's something very important to note tho

 

[btaliat]

If I am not making money with cryptocurrency I wouldn't still be around it. Majority of my earnings online comes from cryptocurrency trading and investments. I trade wisely, I don't trade often, I trade when I have some funds to risk, at the end of the day I earn dividends and not loss.

Very good of you. I have known you as a good trader who always takes his time before trading. Those 90% the article mentioned were into crypto because of the money involved and not the passion. And the funniest thing is that you don't look for money in cryptocurrency trading first. Develop passion and then the money will come.

 

[Kingsleyy]

There's no lie if the statistics depicts that! because theirs no how a crypto trader will not lose money in this current market that is not predictable. Even technical analysis is no more accurate unlike before. Fundamental analysis ate not really affecting the market also. I know millions of people will lose their money during the fall from 69k to 60k+.

What I have now understand about cryptocurrency is that without a good understanding of technical and fundamental analysis then the possibility of earning much will be very low and the possibility of losing will be very high , I may not be surprised to find out that only 10% of traders have a better understanding of technical and fundamental analysis and that is what has helped them to be able to maintain constant profit in the crypto space, are you a trader ?

 

[Wisdom01]

What I have now understand about cryptocurrency is that without a good understanding of technical and fundamental analysis then the possibility of earning much will be very low and the possibility of losing will be very high , I may not be surprised to find out that only 10% of traders have a better understanding of technical and fundamental analysis and that is what has helped them to be able to maintain constant profit in the crypto space, are you a trader ?

Yeah very true ,so many traders are gamblers in the market ,they actually don't understand what technical analysis is ,they just invest like that and they lose all the money they have ,since they don't know how the market works ,the market is very risky someone needs to be more technical to earn rapidly from investing into the market

 

[anil02]

If I am not making money with cryptocurrency I wouldn't still be around it. Majority of my earnings online comes from cryptocurrency trading and investments. I trade wisely, I don't trade often, I trade when I have some funds to risk, at the end of the day I earn dividends and not loss.

In these days many sites are paying via crypto, it is not a bad option of getting payment of online earning, but we must be request for payout when the price is at it minimum level. Many crypto wallet is also paying interest on daily balance.

 

[ashim kate]

It is true that people are making money from cryptocurrency as you can also be able to take advantage of that also if you want. Defy gas people are making from it does not mean that it is very easy as you will have to take a lot of time in order to study the strategies that are involved. You should also be able to plan your risk very well.

 

[Wisdom01]

In these days many sites are paying via crypto, it is not a bad option of getting payment of online earning, but we must be request for payout when the price is at it minimum level. Many crypto wallet is also paying interest on daily balance.

Yeah I know of cryptocurrency platform like binance that pays on a daily basis ,most people use that medium to earn more crypto currency and withdraw their gains ,so crypto currency comes with its own benefit and most people store their payment recieved for more interest

 

[Mariappa45]

In these days many sites are paying via crypto, it is not a bad option of getting payment of online earning, but we must be request for payout when the price is at it minimum level. Many crypto wallet is also paying interest on daily balance.

Cryptocurrency payment is the best for me, it comes faster too. I use PayPal, but I wouldn't compare PayPal payment to crypto, because in crypto I am very sure to get my money complete without much charges.

 

[Kingsleyy]

Yeah very true ,so many traders are gamblers in the market ,they actually don't understand what technical analysis is ,they just invest like that and they lose all the money they have ,since they don't know how the market works ,the market is very risky someone needs to be more technical to earn rapidly from investing into the market

If they were actually investing do you know they wouldn't be any problem ? because investment in cryptocurrency is not a lost until you have decided to sell it out on your own, most people don't even know if they are trading cryptocurrency or if they are investing for long-term purposes that is why most of them will always sell out even when there is a slight decrease in price.

 

[Skysaint]

If the answer to this question is negative then I wonder why more and more people are being enthusiastic to trade in cryptocurrency with their own hard earned money, even countries are starting to get interested in the idea of cryptocurrency.
This alone should be a proof that cryptocurrency is actually very lucrative if actually you're being careful and focused while trading and investing in it.
I guess cryptocurrency has once produced the world richest individual, Elon musk, am not sure if he's still in the position anyway.

 

[Kingsleyy]

If the answer to this question is negative then I wonder why more and more people are being enthusiastic to trade in cryptocurrency with their own hard earned money, even countries are starting to get interested in the idea of cryptocurrency.
This alone should be a proof that cryptocurrency is actually very lucrative if actually you're being careful and focused while trading and investing in it.
I guess cryptocurrency has once produced the world richest individual, Elon musk, am not sure if he's still in the position anyway.

Thanks for your answer, I really want to get the opinion of others, I believe the cryptocurrency market may be profitable most people are really interested to earn without having to learn, I believe this is the reason they are losing.. The ten percent of profitable traders are those who dedicated themselves to learn and understand everything.

 

[Skysaint]

Thanks for your answer, I really want to get the opinion of others, I believe the cryptocurrency market may be profitable most people are really interested to earn without having to learn, I believe this is the reason they are losing.. The ten percent of profitable traders are those who dedicated themselves to learn and understand everything.

You're right about that. If you take out your time to learn then at a point the letter L will be removed and you will start to earn. First thing first, I have seen so many who rushed into trading especially forex without having prior knowledge about the whole system and all of them are regretting it, not even a single one of them were spared.
Sometimes we should be considerate and patient enough to do the needful before starting to trade live on any platform.

 

[Kingsleyy]

You're right about that. If you take out your time to learn then at a point the letter L will be removed and you will start to earn. First thing first, I have seen so many who rushed into trading especially forex without having prior knowledge about the whole system and all of them are regretting it, not even a single one of them were spared.
Sometimes we should be considerate and patient enough to do the needful before starting to trade live on any platform.

I think this is really necessary and from my experience when I got into trading then the expert who was mentoring me actually make me to understand that it is one of the easiest way to make money online me, going into cryptocurrency with this mindset actually made me to lose so much because I believe that is just for you to buy cryptocurrency and it will rise but the most important thing is how you can be able to spot to buy at the lowest bottom.

 

[Skysaint]

I think this is really necessary and from my experience when I got into trading then the expert who was mentoring me actually make me to understand that it is one of the easiest way to make money online me, going into cryptocurrency with this mindset actually made me to lose so much because I believe that is just for you to buy cryptocurrency and it will rise but the most important thing is how you can be able to spot to buy at the lowest bottom.

Laughs. That's not how cryptocurrency investment and trade do work and when I first started trading, I didn't even have that mindset. You can't just buy ANY cryptocurrency and expect it to increase and never to decrease.
There's even a chance that immediately you purchase a particular coin that it will just start going bearish.
So while trading or investing in cryptocurrency, you should first of all analyze the market and take the best decision you can possibly come up with at any point in time.

 

[Chibson]

The statistics that 90% of cryptocurrency traders lose their money may probably be a lie.
there is no doubt that a lot of people lose money on cryptocurrency because of lack of patience and greed but these statistics is not realistic at all. I know a lot of people including myself that are on the profit side.