The amount of money that can be made day trading crypto is relative to a number of factors. For example, much more capital on the line can yield greater results. Leverage through margin trading is another profitable alternative if the broker offers it.
Because the sky’s the limit on profits when it comes to crypto trading, here are a few real world examples that can give users an idea of what is realistically possible.
In one example, an amateur investor turned $15,000 into $1 million, then lost every last drop of his capital in a losing streak to remember. This proves money can be made, but keeping it matters even more.
Dogecoin is a recent example of a cryptocurrency gone parabolic that made thousands of traders rich beyond their wildest dreams. Bitcoin before it was another. All across crypto there are reports of rallies of as much as 800%. With Bitcoin poised to reach hundreds of thousands of dollars per coin, there is still plenty of time left to get involved and the gains could be exponential.
It isn’t crypto, but one day trader turned $1,500 only into more than a million within three years, and this particular story ended happily with them holding onto their returns.