How I Made $15000 Trading Crypto with No Capital

Here I will tell you how I made $15000 trading cryptocurrency in the last 3 months and how you can too. If you are looking to invest in cryptocurrency but don’t know where to start, then this article is perfect for you! Over the past 6 months, I have invested over $10,000 into cryptocurrency and in this article, I will show you my top strategies to make money trading cryptocurrency without any prior knowledge or experience needed! This information is not going to be found on Google, so keep reading if you want to make money trading cryptocurrencies!

What started my interest in cryptocurrencies

It all started when I was working as a wedding photographer at a well-known venue. One of my new good friends informed me about how he had made money from Bitcoin and that he thought it was now time for me to start investing in it too. He was adamant that he would teach me how to trade effectively and told me just one hour of his time would be enough to get me going. I didn’t think much of his idea until, after several hours of talking, we exchanged contact details so we could continue our discussion via messaging platforms like Telegram and Whatsapp. At that moment, my interest had been piqued even further by what sounded like easy money to be made by trading cryptocurrencies.

SEE: Cooks Wanted at Osaka Sushi Ontario for $1000 Monthly

Cryptocurrency trading isn’t gambling; it’s investing

In June, an anonymous coder (or group of coders) under the pseudonym Satoshi Nakamoto released a white paper to a cryptography mailing list describing his (or their) vision for Bitcoin: a peer-to-peer electronic cash system. Fast forward nine years, and Bitcoin is trading at around $3,500 per coin; its market cap is valued at over $50 billion. Other cryptocurrencies have emerged as well: Ethereum, Ripple, Litecoin and more.

Deciding on an exchange

The first question you’ll need to ask yourself is, What do I want to buy? You don’t have to buy a whole coin—you can buy fractions of coins. Bitcoin is expensive right now in 2018, so consider buying fractions of a coin to start if you don’t have a big bankroll. It has historically been a mistake to buy only ETH and LTC because BTC costs more. You should consider which one is most likely to increase in and retain value. Buying all three in equal dollar amounts, and ignoring how many of each coin that amounts to, is one way to avoid making the wrong choice based on price tag per coin.

Starting out – Fiat vs. Crypto

When you start out trading crypto, it’s crucial to understand how fiat works. Fiat currencies, such as USD and EUR, are centralized and controlled by a central bank. Decisions about monetary policy are made by groups of people that meet in secret, like at a private club. Cryptocurrencies offer decentralization: no one controls them or makes decisions about their future. It’s a community effort (and growing every day) where individuals each have equal say over its growth and direction. And what’s great is that it doesn’t matter who you are or where you live—if you can get online and contribute value to a project through code development or another role, then you can be involved!

Do your research, but also be adaptive

Cryptocurrency trading is a volatile business. Because cryptocurrencies are not regulated, there is no official exchange rate for any pair of cryptos (although you can convert one crypto to another using third-party services). This means that unlike when you buy foreign currency on your credit card, if you decide to sell your coins later for USD and send them to your bank account, you won’t get back USD—you’ll get back USD equivalent in BTC or ETH. Which basically means that as soon as a cryptocurrency has jumped 15% in value, everyone in crypto Twitter is screaming SELL! SELL! SELL! You don’t want to be around when they start selling. But on that note…

A few tips for staying safe when trading on an exchange

a cryptocurrency exchange is an online platform where you can buy, sell or exchange cryptocurrencies. These websites usually require a user to create an account and submit personal details (name, email, etc.) before being able to purchase any crypto coins. When you sign up for one of these websites, you are required to provide your credit card information in order to process transactions. This is where things get tricky because some users have reported having their credit card info stolen by hackers.

Best practices for keeping track of your trades

When you trade cryptocurrencies, it’s important to know what you own and what you owe. The simplest way to do that is by using a trading bot. The most basic type of trading bot automatically executes trades for you based on certain criteria—which coins are overbought and which are oversold, for example. To execute more advanced trades, such as setting stop-losses or only buying a coin if it crosses a certain price threshold, you need to modify your trading bot or write your own. I use Delta as my trading bot because it allows me to choose from thousands of different strategies built in by professional traders. Overall, Delta has been one of my favorite cryptocurrency tools; unfortunately it’s not available yet in all countries so not everyone can use it.

Diversifying the rest of your portfolio

Cryptocurrencies are relatively new and unregulated. There are a lot of skeptics out there who think cryptocurrencies will disappear, or that governments will step in to regulate them. It’s possible! But for now, crypto trading is here to stay and it’s an interesting way to diversify your investment portfolio, especially if you live in areas where stocks aren’t doing so hot right now. If you have spare cash lying around that you don’t know what to do with, try buying a small percentage of a cryptocurrency using funds from one of your other accounts. You might be surprised at how quickly your money grows! Check out my post Diversifying Your Portfolio: How to Invest in Cryptocurrency for more info.

SEE: High Paying Jobs Available in the USA for Immigrants