Can You Make Money Trading Bitcoin?

With Altsignals, yes you can. Most traders lose money trading, due to FOMOing in on the market. But, maybe the question, can you make money trading bitcoin is the wrong question. Maybe you really mean, “can you make a LIVING trading bitcoin”? If so, yes, but not immediately.

Altsignals isn’t a get rich question crypto calls service. We provide the best trading signals on telegram, but not for no reason. We boast about advertising instant 200% profits, but working smart to take many “small” wins of 20%, 30%, 60% profits at a time. You can build up like a snowball into an avalanche by practicing proper risk management for your bitcoin wallet.

Grow your Bitcoin Wallet

You can grow your bitcoin wallet by setting stop-losses. You set a stop-loss in order to prevent liquidation. A liqiudation is you losing 100% of your trading amount. If you take too large of a loss, then it becomes nearly impossible to recover within a reasonable time. So, we set stop-losses.

You can grow your crypto wallet with a single technique…take-profits. Most traders lose money for not setting a stop-loss, but primarily due to not setting a target to cash-out. They are concerned with a 100%, 200%, or 1000% profits in a single trade. Yes, there can be trades like that, but not all of the time, or most of the time. You can actually add up our crypto calls and see that you can make MORE money by making several 30% to 40% wins than a single 100% win.

Trading is about Time Management

You must manage your time in order to grow your bitcoin wallet properly. If you get stuck in a trade for two weeks because you entered a trade without a clear direction, or on FOMO, then you are losing too much money. You lose money when you can’t make money. You also gain money by NOT trading when you’re unsure of the direction. Entering into a trade too quickly or leaving too late is a surefire way to lose money. Derivative trading crypto is a dangerous job, and requires that you get in and out quickly.

Altsignals takes care of all of the heavy lifting for you. Join our bitmex, bitseven, and bybit crypto telegram signals group, here.

What is the best exchange to use?

Here is our full review of the best crypto platforms 2019: here.

But for a shorthand review, we REALLY love BitSeven (join here). BitSeven allows you to both short and long at the same time, which is not possible on ANY other exchange currently on the market. They also allow you to throttle your leverage so that you can save your accout from liquidation in the case you don’t use a stop-loss. Join here.

Proficient authors guiding you with transparency, integrity and education through the finance international markets

The AltSignals writing team consists of experts dedicated to the world of finance and technology, with a particular focus on cryptocurrencies and forex. Our writers bring a broad range of knowledge and experience, cultivated through years of arduous and direct involvement in financial markets, as well as intense technological collaboration.

Editorial approach

At AltSignals, we believe that transparency and education are the key to empowering our readers. Therefore, our content is meticulously researched to ensure its accuracy and thoroughness. Each of our articles is created with the aim of providing educational insights and in-depth analysis, helping both beginners and experienced traders.

Commitment to quality

Integrity is certainly the foundation of our editorial process. The team follows rigorous journalistic standards with careful review, all to ensure that each publication is meticulously researched and exceeds our readers’ expectations.

Our mission is to provide analysis that informs as well as guides users and enthusiasts through the complexities of the cryptocurrency and forex markets. In line with our motto of “quality over quantity”, we guarantee that only the highest quality trading signals are published.

In addition to our commitment, which extends beyond the simple transmission of useful information, our in-depth analysis focuses on profitability and effectiveness squarely, avoiding the common industry habit of prioritizing profit over accuracy. Our traders are strategic experts who offer personalized help to those seeking worthwhile portfolio management tactics.

Diverse knowledge

Our authors are proficient in a variety of topics across the financial spectrum, from emerging trends in blockchain to the nuances of forex trading. This diverse range of knowledge allows the team to cover several topics, ensuring our content is always comprehensive and deeply specialized.

Interactivity and support

We understand that the world of trading can be complex for many. Therefore, alongside producing informative articles, our team is also committed to interacting with the community. Through comment sections, forums and direct support, we encourage our readers to seek clarification and sharpen their understanding, promoting an environment of continuous learning.

Future vision

Looking to the future, the AltSignals writing team is imbued with a vision that transcends regular publishing, and continues to dedicate itself to discovering and reporting on the latest innovations and trends available in the market. We are constantly seeking to improve our skills and expand our knowledge, with the ultimate goal of being a reliable and respected source in digital financial journalism.

There is great commitment to discovering and reporting not only the latest news and trends in the market, but also to equipping our readers with the tools they need to navigate volatile markets with confidence. We firmly believe that, with the support of an appropriate platform coupled with accurate guidance, our readers and traders can turn market volatility into a competitive advantage.

Join us

Follow AltSignals to stay up to date with the latest developments in the world of finance and technology, and explore how our insights can help improve your trading strategies. The AltSignals team is here to guide you through the exciting, dynamic and challenging world of financial markets.