I Gained 100%+ Profit in Less than a Month by Trading Cryptocurrency
Tags: Trading, Profit, Finance, Cryptocurrency, Success Story

A couple of months ago I started to publish my articles on a website called Publish0x. It’s a platform where writers can earn cryptocurrency by writing and reading stories. The readers tip the stories they like from the rewards pool. Every time someone tips, they can choose to get 0% to 80% of the tip for themselves.

Screenshot by author

The main topic on this website is cryptocurrency. However, all other topics are welcome. I would even say that if you don’t write about cryptocurrency you have a higher chance to be at the top of your category.

I mostly write about faith. One of my stories made to the second place of being the most popular since the opening of the website.

Compared to Medium people do not make as much money on Publish0x, but cryptocurrency has the potential to grow. If you write on Medium, it’s only fair to publish your stories there to reach more people and collect all that cryptocurrency.

The Method for Crypto Trading

During my first month of publishing stories, I made enough to withdraw one of the currencies. It was equal to $1 dollar.

I made an Uphold wallet and sent all the Eherium there. Because I couldn’t withdraw that to my bank account, I decided to play around with trading. I wanted to see if I could increase the value.

I have to mention that I have a very small knowledge of cryptocurrency. The only things I know are:

You need to buy low and sell high to get a profit.

The cryptocurrency can go up and down resulting in big losses or wins.

The vast majority of people experience losses.

It’s hard to predict the upward or downward trends.

Having just a dollar to play with, I decided that my risk factor is almost non-existing. Sadly, the reward in the case of success will be small also. But hey, there is something sweet in seeing money appear out of thin air.

I found a website called tradingview.com signed up for a free account and started checking which cryptocurrency had the potential. Every popular currency was rocking up and down like a boat in an ocean.

Realizing I had no idea what I was doing I was about to put this idea away. However, I found a section called Technical Analysis. It caught my attention because it had gauges that pointed at different points such as strong sell, sell, neutral, buy and strong buy.

To my understanding, these gauges are generated by many different experts “voting” about the most likely future trend of a certain cryptocurrency. The number below is the “vote count”. In this example, 3 experts expect a downward and 18 an upward trend. That makes the majority lean toward buying and the gauge indicates that.

I found the most popular cryptocurrencies on Uphold and check which of them have this technical analysis part.

Here is a list and links them to the technical analysis found in tradingview.com:

At this point, I wrote down which ones have the most likely upward trend. I check predictions within a day, then a week and a month. If all of them show buy or strong buy, it’s indicating I should invest in them.

After that, I split the amount of money I have into smaller chunks and distribute it into the cryptocurrencies in my Uphold wallet.

That makes sure I don’t lose much if only one of them falls. In other words, I don’t want to put all the eggs in one basket.

That’s basically it!

I check the prognosis weekly and redistribute the money accordingly. It’s also important to take into consideration the exchange fees (in Uphold they are less than 2%) to make sure the profit is going to pay it off.

Below is my total balance charts (day, week, month) where you can see how everything raises consistently.