Can you make at least 10% profit in Cryptocurrency trading every day?

 Cryptocurrency Market is highly volatile compare to the traditional stock market, if you can manage the trading in this volatility, you definitely earn at least 10% profit on each transaction. 

Can you make at least 10% profit in Cryptocurrency trading every day?

Can you make at least 10% profit in Cryptocurrency trading every day?

High volatility creates opportunities to make profit on each transaction because changes in prices enable traders to buy cryptocurrencies at low and sell at high price or “short” a stock they expect to decrease in price.

Here we will discuss the key points to make it possible based on our experience and extensive study of volatility in Crypto market.

 

Sentiment kills the analyst

We have observed that the crypto market primarily operates on sentiment and not analysis. As most countries do not accept financial transactions in virtual currencies, there is always a question mark about the future of cryptocurrency. As the future of cryptocurrencies is unclear, there is always extreme volatility and when markets swing between extreme highs and lows, investors can place more bets by predicting continued fluctuations, resulting in turn greater price volatility, many investors begin to sell because of the fear factor. This fear factor and negative sentiment gives smart investors the opportunity to buy low and make at least 10% profit on the same day by taking advantage of surges. Do not wait to recover in the green, you must fix your % profit and take advantage of the volatility.

 

World leader’s tweets fluctuate the crypto market

It's very interesting, world leaders including big investors and politicians commenting on the future of cryptocurrencies, their statements are not one-way, they change their statement several times, might be they are deliberately creating panic or stimulate the crypto market for a while to profit.

As the future of crypto is uncertain and the crypto markets are driven by emotions, there is always volatility that jumps both ways. This gives opportunity to investors to make a profit.

 

High Volatility in Crypto market due to news flow

There is no proper answer to a question, i.e. is Bitcoin / cryptocurrency legal or illegal? As tax authorities, enforcement agencies and regulators around the world still debate best practices.

Cryptocurrencies are legal in some countries and illegal in others, so it mainly depends on the location and activity of the user. Although cryptocurrencies are legal in some countries, their use is limited. Therefore, these currencies are only virtual assets and not physical and are not accepted in financial transactions. It is also advantageous and disadvantageous that cryptocurrencies are not issued, approved or regulated by any central bank. Instead, it is created through a computer-generated process known as mining and they are not tied to any government, as it is a peer-to-peer payment system. Since Bitcoin/ cryptocurrencies do not exist in physical form, they allow you to transact cross-border without currency exchange fees.

Countries such as the United States, Canada, Australia, European Union countries, El Salvador accept that cryptocurrencies are legal but countries such as China, India, Russia, Vietnam, Bolivia, Colombia and Ecuador do not allow financial transactions in cryptocurrencies, even some countries that they are completely prohibited cryptocurrencies due to their volatility, decentralized nature, perceived threat to current monetary systems, and their links to illicit activities such as drug trafficking and money laundering. Some countries have banned Cryptocurrency altogether, while others have attempted to cut off all support from the banking and financial system essential to its trade and use.

This uncertainty is always a headline for the News media and it helps make the crypto market volatile.

 

How to earn at least 10% profit every day in Crypto market

Cryptocurrencies have been around for a long time and will never disappear from the world. The countries that have banned cryptocurrencies or the countries that they have not totally banned but do not support and have tried to cut all support from the banking and financial system essential to its trade, they cannot resist people to trade. Countries that have not banned cryptocurrencies but do not support them and have attempted to cut support from the banking and financial system will not declare crypto illegal because these countries collect income taxes.

Just as the total ban on tobacco consumption in the country will result in loss of revenue for the government, cryptocurrencies will never be totally banned as they also become a source of revenue for the government.

You can take advantage of the volatility of the crypto market due to sentiment, news feed and tweets from world leaders and make profits every day. If you watch the market daily, you will find that there is a clear volatility of around 15-20% in most cryptocurrencies. There may be less volatility in high value coins, but more in small to medium value coins.

Follow the simple steps below to earn at least 10% profit in the crypto market

 

Option 1

1. Select the most volatile coins of the day. i.e. the top 10 loser or winner

2. Place a buy order 12% less than the current value. or 6% less than the low value for the day.

3. The market is volatile in the middle of the night or in the morning of Asian countries. Place your order explained in point 2 and have a rest, wait for the order to be executed.

4. Don't trade for just one coin, you need to invest your money on at least 6-7 coins so that at least the trade can be done for 2-3 coins as you want.

5. Upon successful execution of the order, immediately proceed to the sell order at 11% profit. Do not expect and hungry for more profit.

6. Take advantage of the profit once the sell order is executed.

 

Option 2

1. Study the market for 2-3 days and list 10-15 highly volatile cryptocurrencies and add them to your favorite folder / mark them as favorites in your trading exchange.

2. Place the buy order 15% to 20% less than the current value and wait for execution.

3. Do not order for a single coin, you must place this order for at least 7-8 coins most volatile of the day.

4. Once the order is executed, immediately place the sell order with a profit of 11%.

Be patient and control your greed to win, if you fail to execute the order at the desired value, wait 1-2 days to cover the profit and try again.

 

DISCLAIMER: The information provided on this website is for educational and entertainment purposes and does not constitute investment advice, financial advice or trading advice. This website editor does not recommend purchasing any cryptocurrency. Crypto markets are highly volatile and crypto investments are risky. Readers should do their own research on cryptocurrencies and consult their financial adviser before making any crypto investments.

YOU MAY ALSO LIKE

India’s No 1 cryptocurrency exchange

WazirX review 2021: Is it safe and legal?

Is WazirX reliable for trading Cryptocurrencies

WazirX Main features and customer services

What are the WazirX charges, Pros and Cons

How to open aWazirX account?

How to deposit and start trading on WazirX

Is trading on WazirX risk free?

You may find affiliate links in this article. This means that if you click on a link and purchase any of the products on this page, we may receive a commission, at no additional cost to you, It does not affect our knowledge sharing, opinions or reviews. Everything we do is benefit for you as the reader, so all our knowledge sharing, reviews are as honest and unbiased as possible.