The Power of 1% Daily Profiting in Crypto Trading (2024)

Earning 1% profit each day in cryptocurrency trading may not seem like a lot, but it can add up to significant gains over time. In a week, that's a 7% return on investment (ROI). In a month, that's a 28-30% ROI. And in a year, that's a 365% ROI!

This means that if you start with a trading capital of £1000 and earn 1% profit each day, you will have £1010 after the first day, £1020 after the second day, and so on. By the end of the week, you will have £1070, and by the end of the month, you will have £1280-£1300.

Now lets say we started with £10k ...

you will have £10,100 after the first day, £10,200 after the second day, and so on. By the end of the week, you will have £10,700, and by the end of the month, you will have £12,800-£13,000.

£3000 in profit a month is an above average salary for most, so essentially a second full time income.

See Also

4 Simple Strategies to Earn $1,000 Monthly from Crypto Without Lifting a FingerWhat if I Invest $50 in Bitcoin Today?Best Profit Taking Strategies: How to Take Profits in Trading / Axi EUThe Complete Profit Taker’s Guide to Crypto Bull Runs

At the time of writing this the following Crypto's have had more than a 1% price change within the hour , so the 1% is achievable in minutes if your willing to put the time in.

Of course, cryptocurrency trading is volatile, and there is no guarantee that you will make 1% profit each day. However, if you are willing to learn and have a sound trading strategy and a thought-out exit plan, it is possible to achieve consistent profits over time.

How to achieve 1% daily profit in cryptocurrency trading

There is no one-size-fits-all answer to this question, as the best way to achieve 1% daily profit in cryptocurrency trading will vary depending on your individual trading style and risk tolerance. However, here are some general tips:

• Do your research. Before you start trading any cryptocurrency, it is important to do your research and understand the risks involved. You should also have a good understanding of the technical and fundamental factors that can affect cryptocurrency prices.
• Develop a trading strategy. Once you have a good understanding of the market, you need to develop a trading strategy. This strategy should outline your entry and exit criteria, as well as your risk management guidelines.
• Use technical analysis. Technical analysis is the study of past price and volume data to identify patterns that can be used to predict future price movements. Many successful cryptocurrency traders use technical analysis to make their trading decisions.
• Control your emotions. Cryptocurrency trading can be an emotional roller coaster, but it is important to stay calm and disciplined. Avoid making impulsive trades based on fear or greed.
• Be patient. It takes time and practice to become a successful cryptocurrency trader. Don't expect to get rich quick.

Benefits of earning 1% daily profit in cryptocurrency trading

There are many benefits to earning 1% daily profit in cryptocurrency trading, including:

• Compounded growth: When you earn 1% profit each day, your profits are compounded, meaning that you earn interest on your interest. This can lead to exponential growth over time.
• Financial freedom: If you are able to consistently earn 1% profit each day, you can achieve financial freedom in a relatively short period of time. This means that you will no longer have to stress over financial decision's from everyday tasks like shopping etc
• Flexibility: Cryptocurrency trading is a flexible activity that you can do from anywhere in the world. This gives you the freedom to trade at home or abroad 24/7

Risks of cryptocurrency trading

Cryptocurrency trading is a risky activity, and there is no guarantee that you will make money. Some of the risks involved include:

• Volatility: Cryptocurrency prices can be very volatile, meaning that they can fluctuate wildly in value. This can lead to significant losses if you are not careful.
• Liquidity risk: Some cryptocurrencies are not very liquid, meaning that it can be difficult to buy and sell them at a fair price. This can lead to losses if you need to sell your coins quickly.
• Security risks: Cryptocurrency exchanges and wallets have been hacked in the past, resulting in the theft of millions of dollars worth of cryptocurrency. It is important to choose a reputable exchange and wallet and to take steps to protect your funds.

Conclusion

Earning 1% profit each day in cryptocurrency trading is a challenging but achievable goal. If you are a skilled trader and have a sound trading strategy, it is possible to achieve consistent profits over time.

However, it is important to remember that cryptocurrency trading is risky, and you should never invest more money than you can afford to lose. Do your research, develop a trading strategy, and control your emotions. With time and practice, you may be able to achieve your financial goals through cryptocurrency trading.

Views are my own and not necessarily that of my network or employer, this is not financial advice, please consult a registered financial advisor before investing