Bitcoin Forum

Hello !

I would like to know your opinion..

I put some money on long term investment (Ripple,Monero,LTC)..

but i would like to deal with smallest amount daily.. Which crypto should i pick to make daily profit?

Thanks!

That will probably change by the day/week.
Look around to see what is being talked about on here and what is trending on twitter.
You will need lots of volume if you want to day trade successfully.
Dont put in more than you can loose. Short term trading is very very difficult, I don't do it often.
Expect the beginning to be tough, buy low sell high always.
Node investor on youtube is a great resource for how to analyze charts,
 and spot breakouts.https://www.youtube.com/channel/UCa81HAp1se359Sr5qEMMP7A (https://www.youtube.com/channel/UCa81HAp1se359Sr5qEMMP7A)

Read twitter, subscribe to some notification services, like cryptoping, or turtle signals. Learn to read charts, look at the volume. It is also a certain amount of risk, is there more of a chance the coin will drop below it's support line, or double or more. If it's already pumped up it could be over bought, not much chance it will go much higher, an over sold coin has much more chance it will double rather than go down further. You can read up here to learn how to read charts http://www.investopedia.com/university/technical/

For a short term daily profit you need to find a coin with big fluctuations and then trade with the waves buying low and selling high. Not easy to do unless you have a lot of spare time to track the patterns

I don't now about ripple or monero, i never trade them yet.
But i think they all can used for daily trading. It is up to you, but i'll choose the coin that has bigger fluctuation as people above me said.

Daily trading for alt coin is very tricky, and you need to right moment to get profit, and most of the times the coin that you need to trade is differ for each day, last two months I got a lot of profit with nem, last month with neo, this month perhaps is going to be monero, so daily trading alt coin is following the trend of investors and it is very hard to follow

Watching your twitter channel often, will give you more information so you can make short term money

Yes it will take a lot of time and effort, plus luck

Hoping to make a profit in short-term trading is extremely difficult. It is necessary to constantly monitor the exchange rate of the selected coin. Crypto currency with its volatility is not always amenable to logical analysis and its behavior is often unpredictable. Here, most likely you need to rely on luck and luck. It is easier to trade in the medium and long term.

good shorterm siacoin and golem. even 10% or 5% have raised the price profit if you have a lot of transactions like 10 transactions in a day your profit is bigger. but less risky the shortem compare to longterm most of the longterm always remain at the higher price is not avoiding the mistake but it's hard to correct the mistake as you buy the highest and you think the price is higher but it has fallen. sure the shortterm is all in one coin so there is no capital just incase to dump the price so it's good to do so with the collapse of the market rather than your assets.

LINDA has some solid short term potential right now. I'd say you can easily make a good chunk of change if you get in today and wait at least a week. I could see it going up in the next 48hrs though

https://yobit.net/en/trade/LINDA/BTC#1M

Nah, you must go to your exchanger and look for those who had more activity in the last 24 hours, no one can tell you which one is the "preferred". You must do your own research, but for short term just buy those who are so cheap and wait until it makes 5% and then sell, or maybe less. Doing this you can probably make a few trades in a day, and it can give you a big profit.
but do your own research mate, good luck.

Best short term gainers are always icos. But its very hard to find the right ico. They can make double your money in just a month. All other altcoins are stabilized nowadays.

Yeah, maybe that's why it was so hard for me and I still didn't manage to do that properly. I once bought eth and ltc, these investment went out just awesome but still I thought it would be nice to try trading on daily basis. I bought some coins and found it hard for me to sell them when they grow and it's really not that easy to guess which to buy! For instance, I bought adx, because everyone said it will pump in about a week but it was falling down since then.. You're lucky you made profit with neo, I guess most of people considered in long-term and lost a lot.

For daily profit, yo should follow all coins. There is no specific coin that can give you daily profit always. Follow twitter and all the topics related to the currencies on reddit to catch short term rides.

Look at the top 100 volumes lists on exchanges, for undervalued coins, make a simple sheet, evaluate each coin.
And of course you have to learn some tech / fundamental analysis basics  ;)

If you want a daily profit you better not choose only three altcoins. Daily profit means day trading. You need to have the necessary skills for that though. There is much needed studying and knowledge of charting for a day trader. You can also do scalping for daily profits. Another set of trading skills are needed for that.

One good strategy after a dip is to buy good coins that have fallen hardest, as these often rise the quickest once the dip is over. Not an every day strategy though, just after dips.

there are two ways you can deal with this:
1. invest in highly volatile and high volume coins. this is hard and the profit will be small. you invest in the top coins, even bitcoin and start day-trading. you buy low and sell high every day and make profit that way. it is hard because you need to do some analysis and know the highs and lows of every day.

2. invest in a new coin every day. this is hard but has a lot of profit in it. it is hard because you need to make a good choice. you find the coins that are getting pumped every day and get in before the pump ends and get out before it ends too. you can make a big profit but you can also lose a lot if you miss the times.

Go for MCO
short term and long term

If you're looking for short term return, look at the biggest losers and pick good coins. Market is falling hard for days I guess short term return is easy now.