You can get rich trading Bitcoin. I know a few people who have done very well trading Bitcoin. Bitcoin is volatile so there is plenty of money to make “shorting” it and “longing” it; there is also plenty of money to lose. If you don’t understand technical analysis then you have no business trying to get rich off trading Bitcoin. Do you know what Bitcoin trading with knowledge is called? Gambling.

Seriously, if you don’t already understand day trading before you get into Bitcoin trading you are in trouble. You might as well go to Las Vegas and throw your money down on the blackjack table; you will have more fun and get some free drinks. Being a good Bitcoin trader is a full time job. The guy I know who is the most successful day trader typically watches the charts and news 8–12 hours a day. If you are not willing to dedicate yourself to trading you probably should stay out of it.

There are plenty of ways to make money with Bitcoin and cryptocurrency without day trading. They require less time and skill plus they are still quite profitable. If you want to learn more about cryptocurrency you should follow my Quora Space: The Crypto Cave.

However, there are plenty of ways to learn about Bitcoin trading. For instance, I typed Bitcoin trading into Udemy and got over 5,000 results; most of these classes are under 15 Dollars as well. If you really want to Bitcoin trade I would take 2 or 3 of these classes. I also want to point out that most cryptocurrency exchanges offer classes that will teach you about Bitcoin and their trading platform. For instance, the OKEx Academy offers lot’s of free classes that offer how to steps, short videos and feature length articles explaining a variety of different topics for cryptocurrency.

If you are determined to learn how to trade Bitcoin I would take several Udemy classes, scour over OKEx and take some other day trading courses. If you do all of this before you start trading you just might not lose your shirt. Be careful the trading world is dog eat dog but if you have what it takes you can make a lot of money.

------------------------------------------------------------------------------------------------------------------------------------------------------------------------

If you like my work please give a thumbs up and an upvote. If you are new to crypto check out some of these sites for opportunity to earn residual cryptocurrency, grab some easy Bitcoin, and earn easy cryptocurrency.

1. Check out OKEx for a great site to buy, sell and trade Bitcoin. 

2. Earn free cryptocurrency with Pi Network. It costs nothing and already has 10 million users; it's just a matter of time until main net launch and they list on an exchange. 

3. Check out Divi Project to earn residual income with a one click Masternode. 

4. Stack Sats by buying things online with Lolli. It's really easy make an online purchase you would do anyway and get Bitcoin back in return. 

5. Search the internet with Presearch and get their cryptocurrency as a reward!