Thanks for all the good responds.
What I read between the lines here are basically that to get into this is that one has to have extended knowledge to earn some money here. Above 200 USD is not an issue, however if I take a look at Bitcoins whom are the most frequently mentioned above then the margins for profit seems pretty slim?
And yeah one might have to find a guru of sorts, but they do not exactly go around with a big badge around their neck claiming to be just that

I know there are knowledge to get on this forum and others like this. However what are you guys looking for when buying/selling coins? And are any of you here making a living off of it? I am not looking for any numbers, just curious as to what one can expect here.