Bitcoin Forum

Bitcoin pricing are going trough a rollercoaster right now. Are you taking advantage of these ups and downs day trading?

Not really, daytrading makes me all jumpy. I prefer doing good research and making a long-term investment

No.

I made a couple of trades, ended up back where I started, and have stopped. It's been too volatile for the last 24/48h. I'm going to wait until we break out of this channel, in either direction, and then consider shorts or longs.

Yes but I dont put too much BTC on my selected pair because Bitcoin price is very unstable lately that it can drop up to $1500 USD in 24 hours but BTC can also recover and go back to previous price. Problem with day trading is you need to act quick and it requires complete focus and monitoring of your investment.

I do I'm using my poloniex account and making some margin over the fluctation but now I'm stuck with some ETH bought some high.

I haven't made a single sat, is more likely gambling for me, already lsot 5% of my investment.

We would need a lot of investment for day trading in bitcoins as currently the price fir bitcoins is much more high and i dont think it will go much down now. Instead price for bitcoin may go a bit down by december end and again it will have a sudden pump which will give bitcoins a high profitable future.

I actually made my first trading movement when reached the $11.000 ATH.

Sold some of them for a good amount of money before it started to dip. Now I'm enjoying its benefits  ;)

95% of day traders lose their bankroll and quit. If you think you are special trade on paper for a few months first.

Im not that type of person who is doing daytrades in terms of bitcoin. These are not meant for bitcoin trades even I can play on it.

And by looking at the price movement since it's "correction", it was crazy I mean it doesn't staying on a certain level. Like you said, a roller coaster. Price is playing along the margin of around $1,000 whether price increase and decrease. I will let it that way and just watched it rather than play with it.

As tempted as I was to buy some when it dipped to around $9K earlier today and sell it higher, day trading is too stressful for me. I tried doing a bit of stock paper day trading years ago and quickly learned that it wasn't for me.

nearly lost  a third of my investment.. i think you need to be the lucky one profiting from somebody elses faughts..

Day trading bitcoin is very dangerous. Its so volatile, it can go either way in a heart beat and If you aren't prepared for it you can lose a substantial part of what you just invested. That or you have to hold it for a bit until you aren't selling at a loss.

trading is very risky now . you can buy with high and when you try to sell it's already lower than u did expect.
Be careful with it .

I have been trying to do some day trading but I am too scared to put up large amounts. I have managed to make a quick $20-$50 here and there but I do not think I am cut out for it as I often exit my winning positions too early or ride my losing ones too far.

I was taking the advantages from the rollercoaster was going down yesterday. I can get some more bitcoin at the dip. Every time the bitcoin just repeat the same story about another dump and then it jumped back again to the mars. Those experts are knowing when to sell and to buy. Yesterday is very very good chance to buy again.

I have much respect for day traders, who get the right point to buy/sell bitcoin. But I wouldn't risk a day trading myself, because cryptocurrencies generally don't follow the main trading trends. The best for me is, to keep Bitcoin on longterm.

Lot of work for me. Constanly checking the price every 10 mins or so. I tried trading before with altcoins and even tho i did make some profit, took a lot of my time. So now i just hold bitcoins.

Of course, I have made a small amount of money from these pump-dumps, which are opportunities that we can make a lot of profits.

I will surely ride on this trend but never to sell my bitcoin instead if the price dump I will buy more bitcoin. I don't want to loose this great opportunity just have some profit, I will hold more and be prepared for the future of bitcoin.

I made some profit from increased price of Bitcoin. I hold Bitcoin for longterm investment because for me this is more profitable than day trade. 80% of total Bitcoin I hold it for longterm, than other 20%  for day trade only for some altcoin that strong with fundamental like BTC/ETH, BTC/LTC,BTC/DASH, BTC/WAVES. By doing day trade in these strong coin will be more less risk.

yes, because of the big upportunity and the rise of bitcoin because you also have a lot of money because it depends on your investment when I'm investing big money from you as long as you take care of it work so you earn a big deal because I did not notice you When you buy low and your sales high you can lose and beat the trading you are carrying.

No I cannot do it because I have probably too much of my money in crypto and I feel like if I make a wrong move it could be devasting to me and as a result I hold off. The pressure is simply too high and I know long term I will have a good thing and I try not to get greedy. Greed corrupts after all and I would like to me more cautious with my funds at the moment.

Our team has expertise in trading in sideways market, please check this  https://bitcointalk.org/index.php?topic=2487851.0

I am actually doing day trading but I find it quite hard to make profit with daily price swing in bitcoin with small amount of money I have for trading. I find ETH and ETC quite good for day trading as price swings by 5-10% almost daily and even with small amount of money we can make good profit because of lower price per unit.

No i dont take this opportunity from bitcoin price. Actually i dont do day trade since i think its more difficult than just doing long term investment like buy now and sell higher in around 1 month.

nope , i prefer long time trading unless i have 24 hours a day to to day trade,it is more stressful

No i dont do day trade so dont take advantages of the price.
More risk i think if day trade so i prefer swing trading like long term trading.

If you just want explore more markets, you'll found a markets which is very volatile within 1 hours. you even can get 7% x 2 times profit in 1 hours if you like to checking price every min.

I think this markets has lot of noob which is easily for fomo-fud

Ow yes, already earning! I already made 50% profit from my capital after 2days from my short term trading in bitcoin. I buy at 9200$ per bitcoin lately and auto sell it when reach at least 9700$ + . Hopefully i can make another sets of profit this week with bitcoin. *praying lol

I make a long time trading and investment plan and trade along this plan as most times this market is too volatile for one to actually taking advantage of it up and down. Day traders who trade in forex understand what I am talking about as you  need a bit stability before making any serious trading decision. However, if you have along term view about bitcoin,  you will notice a lot of trading opportunities out there that can make one good return.

I prefer long term than day trading. Day trading is quite risky. Wild swing of price can easily make your money easily drained. So i take my time and make some study first before buying. Im doing day trade also. Though im not doing this often, it gives you a lot of profit than long term. But most of my quick trades are mostly missed my targets. Also it's time consuming. I don't have much time to trade because i have a lot of things to do. Most of time i spend it on school and trainings. Day trade can cost you so much time because you have to monitor your trades.

Day trading is not for all people. In this section, huge experiences​ are needed. Generally price of Bitcoin will up and down but it is not fact. If you are not good in trading, you can just hold Bitcoin for making good profit from it.

in my observation as of yesterday now is the right time to take the opportunity if you want to invest in day trade the bitcoin price goes up and down the price right timing and right decision to resell your bitcoin.

Pumping and Dumping in Day Trading now especially with this fluctuation in Bitcoin price day in day out is somehow too risky for me personally because its very difficult to predict now. I am more of the opinion of holding on to my coins and allow the price stability at least, averagely before I continue to trade them.

No , I am.not doing any trading with these fluctuations of the price because this is risky for us because already the bitcoin price is increasing since one month , so here more chances are that it can dump rapidly or it become stable at a particular price , so that will not be better for my trading work of bitcoin price fluctuations .
And also here I am not doing trading with the altcoins Because due to unstabilities in the market of the bitcoin the price of the altcoins market dumping much , so I think it is more better for me to wait until the Market of the bitcoin get stable .

Every coin has its own specialty. I don’t really think so that bitcoin is really a good choice if you are planning for short term investment or day trading. Bitcoin will give you what you are expecting from bitcoin only when you will go for long term investment or holding of bitcoin for quite a long period of time. Though you can earn some good amount of money by going with day trading but you need to go for something more profitable.

I lost 30% in a month of day trading, though I had been as high as +60% to original. A bad deal on TRIG. I'm not putting a lot into it, just enough to feel like it's real money.
I'd recommend first educating yourself and making yourself familiar with crypto markets pecularities (pump groups, market maniputlations, whale moves) before comitting any significant sum to it.

Lol, day trading is like one hell of a risky type of trading, and honestly, getting jumpy is even an understatement.
It is something my heart cannot even bear. ;D They would have stopped beating from the level of palpitations I would just keep having.

I am just very cool with position trading of alts for now and selling at a huge bull run for BTC and buying back at corrections. The patience is good enough for me, but day trading? Not my thing.

Day trading takes a ton of time. I usually try and trade at night or during and hour or so. It just eats your time.

I'm not day trader because I have bad experience and that's enough. Loss almost 40% from my money and make me really " panic ". I choose to use long time period ( week - month ), it's more safe and make me have plenty of time to rest. But if you're a brave trader I think you should take part because a lot opportunity to make money in this situation. Day trader is not my skill, so have a nice day to you.

alt coin day trading makes much more sense not particularly bitcoin but thats just my personal opinion

I would love to do it, but I don't have bitcoins at all, I invested all my little capital into altcoins which I just hold for now, cause of the price does not change too much as bitcoin's price. Bitcoin is perfect thing for daily trading, the price is changing so fast and so deep that you can earn good amount of money daily even with 1 BTC! Can't imagine what kind of profit do those people who own 10-100-1000 BTC! :o

I think that day trading would best suit altcoins and not bitcoin.Bu i think bitcoin price is surging high continuously and would not be profitable or day trading.To make profits in day trading,you should set a profit margin of low percentage since you are going to re invest and repeat the trading frequently within a day.

Not only to you bro. Almost every person will had this bad experience in trading but you have to over come from that. You will find the good money in trading but you have to choose the right coin in your exchange account. If you invested in all the coins means also you will not get enough money as a profit. So for that you have to watch the price chart of every currency frequently. That will give better experience you will also can profit in daily basis.

Day trading bitcoin is very dangerous with bitcoin I think.but now bitcoin price up and down very frequently it will can profit in daily basis.

At this point, day trading bitcoin is like taking the highest risk of all. I have rather just shifted my attention on alts for now since they have had a little correction and huge dip, I guess and that for me should be enough and less risky as they start having some huge boost up and down for now.

There is a huge uncertainty surrounding bitcoin right now as to which direction it is heading to, but the best is to just relax and see.

I did a few swing trades amongst all the extreme craziness where there were pretty much 10% swings every 30 minute candle, only making 2-3% each time but still overall I grew my funds by maybe 10-15% which was a nice result. It was very volatile though so it's not advisable for those who are not interested in taking any risks.