How to make money on bitcoin?

[GYMnTONIC]

How do you guys do it?

I bought some last night and even just by this morning the value rose by about $30 dollars.

I know it fluctuates. Do you guys buy a bunch super low and then sell it when it goes up a little?

How do you sell it or cash it out on a wallet??

Looking for any experts in the field as I am a novice. Thanks in advance.

 

[tommygunz]

Give it a minute and all you'll have is .30 cents.

 

[GYMnTONIC]

Give it a minute and all you'll have is .30 cents.

It actually has fluctuated today $0-50 dollars.

You are correct on that.

If it goes back to $50k some of us will be rolling in money! "If"

 

[Tren_Setter253]

Well, to be honest the market is super bare right now so you’re not going to be making any real money on crypto in general within the foreseeable future. I won’t tell you how to spend your money so I won’t tell you right now is the time to buy. This is what I’ll say about bitcoin. If billionaires are holding, I’m holding. Bitcoin has had dips before prior to its historic bull run and I personally believe it’s too big to fail. I don’t think it’ll turn bullish again until atleast end of 2024. Personally, I’m buying in small increments but I’m not selling the farm just yet.

 

[MagicElevator]

Hey Wes,
To get your money out, I believe you can send it to Coinbase (I believe it's still around but haven't checked my account in awhile) and convert to your bank account there. Another way is to take your money out at an ATM (sell bitcoin), but the rates are likely horrendous. Depositing via ATM takes like 20% of your deposit. There are websites with bitcoin ATM locations.

 

[Maysiberin]

Just wanna add that what you're talking about—buying low and selling high—is essentially the basic strategy many traders use, not just in crypto but in traditional markets as well. But it's important to note that while you can make quick money, you can lose it just as fast, especially given the volatility of crypto markets. If you're keen on how to make quick money in one day, just like you'd do with Bitcoin, here's a cool guide with some quick cash options that are less risky than crypto trading.

As for cashing out, you'd generally send your Bitcoin to an exchange that allows you to convert it into fiat currency (like USD, EUR, etc.).

 

[Doug 64]

I usually grab 50 or a hundred at a pop. I use it mainly for purchasing stuff. I try and buy at least lower than the day before and always try to hold it till the price goes up. You can try and watch trends, COINBASE gives you hour, day, week, month and the years trends. Honestly I don't really count it as an investment but more as a tool. Past that I'm no stock or investment broker so you probably know as much or more than I do.

 

[ReasonbleDoubt]

If I’m buying any crypto to hold I always buy it on coinbase since I can just keep it there and then sell it there, and they deposit the money back into my checking account in 12-24 hours.

Sweating crypto is so much fun lol.

 

[stinkfingerdelux]

There was a time. When the ol. Stinker would tell yall months in advance to the day when the rise or fall Would appear in btc.
And I always felt like it was received in a manner like I was some btc dreamer or quack so it felt.

Truth is. I didn't trade btc. I only actually ever used it to move to sponsors in exchange for gear. And since I had to use it. I got the vibe you guys did to. So I wanted to study n learn more to help our guys not be on the loosing side of btc trade.

During these times there seemed to be some Division on the topic. Some use it for shopping other for investment. They either saw it as a Scam or future dumpster fire or a future goldmine.

By following trends of market makers and large institutions. I was able to figure out the inner workings of the net settlement dates and also a few other financial obligations for when I'd suspect they would alter there holdings. I went further into detail in my financial hub thread.

I'm Not sure how to make a random overnight gain from out of No where. But I will say this. If u do your research. Study and truly sink it all in. You can do what I did. I'm not special.

The big moves you see in btc. They are orchestrated. Up or down... If you know what they know. You can be on the right side of the trade. See my thread for proof.

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[stinkfingerdelux]

Learn how and when banks move money. Stare at calenders. Mark em. Look for patterns. Look at charts. Compare rise. N falls. Go back to calendars and compare dates to. Charts. Keep at it. U might see some Shit.
You fucks are capable.
If u want to predict btc. Don't let some shit head tell you it's impossible . I've done this more than once.

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[GSTraining]

I made some solid money with Doge coin back in the early days of Robinhood, along with some other stocks I got the drop on early.

Bitcoin has always been a different beast for me because the shares were so astronomically high, it just makes it seem more confusing than it really is.

It’s easy to buy shares or coins when they are $.50 cents and then they rise to $4.00 and you cash out, When a share is $40,000.00 it makes things a bit more difficult.

Most people I know who are big on trading have a stash of Bitcoin that they contribute to monthly, this is the stash that they hold and wait for it to go to $70,000.00 a coin, the other stash they have is the up and down stash where they sell off, cover their original holdings, transfer the profits to their bank account and buy back in lower and do it all over again.

Sounds easy, but if it worked out so perfectly, everyone would be rich off the market, and that’s not the reality.

Looking forward to seeing some other responses.

 

[Skinnyguy180]

This thread is pretty funny. Makes it seem like trading bitcoin is easy money. The reality is crypto is tough and most traders lose money. On top of that there is a lot going on with regulation of crypto. Its literally a crap shoot as to losing or winning in the long run.

 

[stinkfingerdelux]

I'm probly a bit rusty cause I slumped away from financials to focus more or my family rather than staring at charts n shit. If truly interested. I'll give u guys a quick run down on some scalping techniques that you can try on simulated trading platforms.

Get used to the methods and if proven to be effective you can then take this to real world trading and try to make some gains.these methods are for quick in n out trades.not the long term investments. Enter a position. And exit with in hours or less possibly. Rinse n repeat until you reach desired amount.

I'm Not a financial advisor. Just some queef sniffing weirdo.

I don't wanna waste my time at work writing out shit for no reason. Let me know with a reply to this and I can try to point you in a decent direction. If you are unaware on how to use or View Charts. I'm afraid non of what I say may help. But who knows. You maybe be more capable than you think.



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[Skinnyguy180]

I'm probly a bit rusty cause I slumped away from financials to focus more or my family rather than staring at charts n shit. If truly interested. I'll give u guys a quick run down on some scalping techniques that you can try on simulated trading platforms.

Get used to the methods and if proven to be effective you can then take this to real world trading and try to make some gains.these methods are for quick in n out trades.not the long term investments. Enter a position. And exit with in hours or less possibly. Rinse n repeat until you reach desired amount.

I'm Not a financial advisor. Just some queef sniffing weirdo.

I don't wanna waste my time at work writing out shit for no reason. Let me know with a reply to this and I can try to point you in a decent direction. If you are unaware on how to use or View Charts. I'm afraid non of what I say may help. But who knows. You maybe be more capable than you think.

View attachment 104002

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Got the sim up right now… price action is slow today with small cap low float stocks. So practicing on a couple stocks that are a little higher cap than my account likes.


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[Fletcher]

IF you really want to bother.
Just buy some and leave it there until the next big push, (if there is one) (Blackrock is interested in bitcoin so there is probably a big jump coming eventually)
As far as "day-trading" it, there are apps that you can set buy and sell points on, and it does it for you... but... the good ones arent legal in the U.S.

 

[Fletcher]

If you can code, you can have a.i. write code for you and build trade software but there are key parts where you need to cut out some of the a.i. parts and add individual lines yourself.

 

[stinkfingerdelux]

View attachment 104008

Got the sim up right now… price action is slow today with small cap low float stocks. So practicing on a couple stocks that are a little higher cap than my account likes.


Sent from my iPhone using Tapatalk

Look at you go with all your charts front n ready! Cheeky little faker. U know what ur doin.

1.min chart
Rsi
Vol
Macd
Ema3&8 (5min chart)

Let's look for high volume after a large sell-off event. Follow Rsi. Get an idea of the high n low.after a high. When it swing low under 30.wait for a tick up or 2.enter there if it looks suitable.
Later as your Rsi rises with momentum upward of 60 and the Macd crosses over. Consider your exit. From your entry. Your mainly looking to exit somewhere around 6 green 1min candles from where you started from.
Give it a virtual go and lemme know how it worked out for u.

Hopefully that makes sense. I'm rushing thru typing this at work.



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[Skinnyguy180]

I personally would not base any investments on what black rock or other institutional traders are doing. Bottom line is they will be out before the crash and you will be left holding the bag.

Guarantee black rock will know what the new legislation on crypto will be well before any retail traders do and they will pull out. The stock/crypto will tank in seconds(in Stock they will then buy the short) and leave you broke.

This is what was so great about gamstop and bbby a couple years ago. Retail traders nailed the institution to the wall and made a ton of money.

 

[Skinnyguy180]

Look at you go with all your charts front n ready! Cheeky little faker. U know what ur doin.

1.min chart
Rsi
Vol
Macd
Ema3&8 (5min chart)

Let's look for high volume after a large sell-off event. Follow Rsi. Get an idea of the high n low.after a high. When it swing low under 30.wait for a tick up or 2.enter there if it looks suitable.
Later as your Rsi rises with momentum upward of 60 and the Macd crosses over. Consider your exit. From your entry. Your mainly looking to exit somewhere around 6 green 1min candles from where you started from.
Give it a virtual go and lemme know how it worked out for u.

Hopefully that makes sense. I'm rushing thru typing this at work.



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I give it a try. Not really anything that fits that right now. super slow. Only thing worth looking at today and yesterday was $ARM. which was an IPO yesterday.

I mostly do break out trades really Low float small cap stocks Hitting high of day or top gappers at open. I did pretty well when that bank crashed a couple months ago(forgot the stock). It had a lot of volatility but I don like to trade stocks that are not trending up. Dead cat bounces have cost me a lot of money. Having to keep buying to lower my average cost wears on my nerves also.

 

[Fletcher]

I personally would not base any investments on what black rock or other institutional traders are doing. Bottom line is they will be out before the crash and you will be left holding the bag.

Guarantee black rock will know what the new legislation on crypto will be well before any retail traders do and they will pull out. The stock/crypto will tank in seconds(in Stock they will then buy the short) and leave you broke.

This is what was so great about gamstop and bbby a couple years ago. Retail traders nailed the institution to the wall and made a ton of money.

Thats bc Blackrock owns Vanguard and between the 2... they own everything.

 

[Fletcher]

Doesnt matter, in the end the damn dollars will be worth Weimar, and most of the world will be sucking NWO dick to get their CBDCs.

 

[Battousai]

Use binance if you're going to trade it. Fees are very low on binance.
Honestly to make graphs, high points and low points. Don't just sell it because it went a little high or little low. Put in a sell at for example 29k, and a buy at 26k. Of course eventually overtime these fluctuations will change.
Personally prefer to make my profits on options though and use bitcoin to accumulate profits.

 

[GivePenisaChance22]

I think crypto success will take off once the conflict in Ukraine ends.

 

[Skinnyguy180]

I think crypto success will take off once the conflict in Ukraine ends.

lol dont worry that war wont last three months.......

 

[GYMnTONIC]

View attachment 104008

Got the sim up right now… price action is slow today with small cap low float stocks. So practicing on a couple stocks that are a little higher cap than my account likes.


Sent from my iPhone using Tapatalk

No offense but you can tell me to speak Russian and I would be about as useful at that as reading these charts.

I have zero clue what any of that is. Its literally hieroglyphics to me LOL

I of course appreciate you chiming in and wish I knew what you do in this regards

 

[Skinnyguy180]

No offense but you can tell me to speak Russian and I would be about as useful at that as reading these charts.

I have zero clue what any of that is. Its literally hieroglyphics to me LOL

I of course appreciate you chiming in and wish I knew what you do in this regards

I had to take classes to tell what the heck I was looking at. Even then it takes a lot of practice.. for what I do anyway.

It all becomes second nature after about a year of doing it everyday.

and those big winner days are awesome... But you just have to remember red days will come also.