How much can I earn by starting full-time trading in crypto-currencies with initial capital of 1000 USD?
You could make millions or lose it all.
It is possible you time your bets and gamble at the right moment to multiply your initial investment rapidly.
Cryptocurrencies are very volatile and opportunities happen on a regular basis during the day to buy low or sell high for a profit. Doing this constantly will effectively grow your capital.
However, volatility also means every bet you make is riskier than on, say, stock exchanges. The market is comprised of people that either donât know what they are doing or that know very well what they are doing, which makes the trades and trends unpredictable, at best.
You need some balls and a lot of patience. Take the right positions, and you might make massive profits.
But the risk is high you lose it all or end up with much less than you started with. Besides, fees are substantial if you plan to do a lot of transactions, and they will eat away your profits.
My advice would be to invest your capital and wait. The market is bullish and values go up rapidly. Cryptos (as of August 9) go up at a faster rate than what profits you could generate by day trading. Unless you are amazingly good at it.
Invest and wait â your $1000 USD is likely to grow faster than you think.
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