How much money do you trade on the exchanges?

admin wrote: Hi, everyone. Just out of curiosity, how much money do you trade on exchanges each month? In my case, it's still small—500–1,000 USDT. But I don't really trade much. I just invest in a particular coin and cash out when there's even a small profit.
Anyway, it's interesting to hear how things are going for you guys.

I don't trade more than 1,000 a month. Usually it's 500, 700, or 800. I trade on high-speed platforms. Sometimes I buy new coins as soon as they're released and sell them right away when the price goes up. I skim a little off the top ;)

semen_90 wrote:

I don’t trade more than 1,000 a month. Usually, it’s 500–700–800. I trade on speed. Sometimes I buy new coins as soon as they’re released and sell them right away when the price goes up. I skim the cream off the top a little ;)

Are you new here, too?

Before, the amounts were around 70k in net turnover; now they're smaller, since we were handling larger transactions recently, so that's how it is, but it's okay—everything happens for the best.

cryptoG wrote:

Previously, our net turnover reached 70,000; now it’s lower because we’ve recently been operating on a large scale, so it’s so-so, but that’s okay—everything that doesn’t work out is for the best.

Turnover—that's clear. But what was the net profit on that turnover?

admin wrote:

I understand what turnover is. But what was the net profit from that turnover?

I was able to get by just fine on that money—paying for food and clothes—and it came out to between 1.2 and 2k u.e. So I had no reason to complain. 

cryptoG wrote:

I was able to live quite comfortably on that money—paying for food and clothes—and it came out to between 1.2 and 2k u.e. So I had no reason to complain.

2k u.e. is actually even more than the turnover. 

admin wrote:

2,000 currency units is actually even more than the turnover.

Well, we're talking about dollars here—all in evergreen)

cryptoG wrote:

Well, we're talking about dollars here—everything's in evergreen)

70k in cash??

semen_90 wrote:

I don’t trade more than 1,000 a month. Usually 500–700–800. I trade on speed. Sometimes I buy new coins as soon as they come out, and when the price goes up, I sell them right away. I make a little money doing this;)

Hi, could you tell me what amounts are best for a beginner to start with? So I don't lose money right away.

admin wrote:

70k in green??

Yeah, but it wasn't much—still, I made a profit, got by, and didn't have any worries until one day a major crash hit. But if you've never fallen, you've never gotten back up.

cryptoG wrote:

Yeah, but that wasn't much. Still, I made a profit, lived comfortably, and didn't have any worries—until a major loss hit me out of the blue. But if you've never fallen, you've never gotten back up.

Yeah, that's a fact. They really surprised me. To be honest, I'd never even heard of trading volumes like that. Except, of course, for what I've read on X or in various public groups. I wouldn't have put that kind of money into the exchange 😅

admin wrote:

Yeah, that’s a fact. They really surprised me. To be honest, I’d never even heard of such turnover figures. Except, of course, for what I’ve read on X or in various public groups. I wouldn’t have deposited such large amounts on an exchange.

Exchanges used to handle this differently—just a couple of years ago—but now they can “restrict you” for no reason at all, and any exchange will do it, though thankfully they’ll almost always let you withdraw your funds.

cryptoG wrote:

Exchanges used to handle this differently a couple of years ago; now they can “restrict you” for no reason—any exchange, that is—but thankfully, they’ll almost always let you withdraw your funds.

Well, at least they give you a password)). That's good enough.))