Quote from: Ucy on December 23, 2020, 04:47:37 PM

I think the 1%(or whatever percentage) should applied to traders who make consistent profits betting on the price of crypto... Or people with strategies that can be overall profitable when repeated multiple times.

Yes, me, and other members discussed that few times above also.

Quote from: lixer on Today at 06:35:03 AM

There are some people who have been trading for decades, and there are some people who literally do this as a business outside of crypto as well as doing it in crypto. I have a friend who is in finance world, he was in finance world before he met crypto as well and he was earning a decent amount of money, it wasn't insanely high, but it was a pretty decent and a good income, more than double what I am earning right now.

Three years ago he got involved, got a bit of help from me even though not much, and after that he got into crypto and technical analysis and things like that. He got into crypto at around 10k back in the day and had 7 bitcoins, now bitcoin is over 20k and he has over 50 bitcoins. Dude was just good, he didn't became like this by studying after he met with crypto, he was already like this for 2 decades and just used that info on crypto.

Wow, that is impressive! You can definitely get his insights on what he, from his opinion does different from other people who trade. There are people who also trade for 10+ years across different markets, but persistently make losses, but your friend appears to be among those top 1%.

Quote from: mersal on Today at 03:27:29 PM

If you ask why then the answer is profits made by a trader comes from the loss of another trader so if someone is in profitable for ling run means many traders helped him to make money with their losses so the one remain long while all other left in the meanwhile condition.

Yes, that's the reality. But why exactly that guy or girl would be benefiting on the expense of others for a long time, instead of another person?

Quote from: Ucy on Today at 04:36:44 PM

I prefer not to spend all the $100 for active trading at once. Will simply keep it ($100) in a stablecoin and probably use a small part of it (maybe $10-$50) on daily/weekly basis for buying significant dips. If price continues to dip significantly, I would continue buying. When it start moving up again, I will probably start selling some gradually. This (buying significant dips & selling significant highs) repeated many times can easily earn you significant profit every month.

That's in theory, but in practice things work out differently as opposed to our expectations unfortunately. While being humans, we are mostly irrational, therefore, no matter of how long you trade - emotions always can take over your logical thinking (for example you traded for 30+ years and everything was good, then your pet died, you found out your wife was cheating with brother, some relative got lethal disease, bad weather, etc. and all in one day. The next trading day for sure is not gonna be same with the one before that. Furthermore, if that strategy would really yield significant returns, it would be discovered by many people by now and they all would become Warren Buffets probably.

Quote from: bearexin on Today at 05:03:18 PM

It’s not like everyone is steady cashing out from the market. Sometimes you’re among the 1% of those that are cashing out and sometimes you are not, it’s just knowledge and luck a lot of times.

But there are people who are making more profit , like 80% or so of the times they trade they are usually successful and these are people who have serious knowledge in trading. And as for the whales I think majority will be too busy to sit down and be trading, they are very busy businessmen, and what they do is to hire very smart people who have got the brains to do the work and at the end of the day they get their reports.

Yes, but we are talking about the ones who persistently make profits in the market, not occasionally. But for the second part of your comment, you are absolutely right.