Hello
I have spare $300 that my friend suggested to use to start cryptotrading, as this is the maximum amount of money affordable to lose. I have a month of free time to trade with btc. Currently I don't have income and I have three ways to set it: cryptotrading, freelancing as programmer, or full-time job. I chose to expirement and try luck with trading and freelancing, if there is no success with any for september, I will choose full-time job. If I can make about $500 per month with all of these methods or some of them, I can forget about job for a while, which is highly preferrable.
So my questions are:
- Can I learn and do trading for month to make at least some money(around $100-$250), while doing freelance programming? I can arrange 3-5 hours for each activity per day.
- Should I start trading on OTC exchange or regular exchange? I tried bisq to sell btc, but it seems like there you can do it with rather huge amounts of money I can't afford to make offer with. This is because of security deposit of 50% of trade amount. Maximum offer amount I can make is 150$ whereas there are more offers which range $100-$1000. They also seem more profitable for btc buyers due to less interest, than that I chose. After scrolling thorugh bitcointalk, my only options left for OTC are localbitcoins and paxful. And I don't really like any of these because of shitty customer support on both. Moreover LBC nowadays has attitude to KYC everyone, I don't like it because I would keep my personal information than send it to someone
It is better for you to get a job and try your luck becoming a freelancer instead of trying to become a trader, you do not really say what is your experience in trading but I will assume that is minimal and that is not enough if you want to obtain profits in the market especially with the capital you have and the profits you expect out of it, you have 300 dollars and you want to make between 100 and 250 which is the equivalent of 33% and 83% in profits in a single month and that kind of success is difficult even for an experimented trader.
In most other markets you will need years to get those profits and even in this market if you got those profits during a whole year I will say that you had a good year and yet you want huge consistent profits and that is not possible.