Quote from: mascherono on October 12, 2019, 02:15:15 PM

Quote from: SvonioneFromMangoCoinz on October 12, 2019, 02:06:33 PM

Quote from: 1R1S on August 29, 2019, 06:38:23 PM

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

$ 300 is a small capital so you can make a lot of money at trading. because the professional and good traders, they only have 1 day target of 1-2%.
and to get $ 500 per month, it will be a very difficult and risky thing. I think you should take a risk with Margin trading, which is a leveraged trading and helps you make as much money as possible in a short amount of time if you correctly predict the trend.
If you do not know about it, you can read it here: https://www.binance.vision/economics/what-is-margin-trading

I'm a little bit confused. How the OP will make big profit just investing $300?

He cannot that is the issue, many investors think of the profits they can get because they have heard stories of traders using margin trading to leverage their positions and earning several times their investment in days, but that kind of success cannot be sustained no matter how much some argue against it.

And when we consider that the initial capital is of only 300 then it is even harder to make it grow since the fees are going to take most of your profits away, meaning that you have no margin of error a single mistake could cost you all your capital and newbie traders are known to make mistakes like that all the time.