Bitcoin Forum

Hi guys, my first post here. I am new to Crypto industry and i want to know the basics, so this is the first question that comes in my mind. I want to know which crypto currencies are good for day trading?

You're welcome here. I should warn you that daytrading demand a lot of time and experience. I don't recommend you to start with a trading from the very beginning. Take a look at HODL strategy first.

For day trading you generally want to look for coins with good volume and good volatility and for this I wouldn't look any further than bitcoin. Also it has the most news around it so it is easier to predict when price changes will occur and then profit from them.

I really agree with you, maybe not have to start trading first, because starting trading should have good enough knowledge to do it, because if you do not have experience in trading may be very risky for a beginner.

Welcome to the forum.
You should first browse through the Trading Discussion forums. There has been numerous posts with the same topics as this.
https://bitcointalk.org/index.php?board=8.0

Experience is what you need. Start small... gradually grow your risked money over time and with your skill.
Understand that trading is not a win-win game. It is like in gambling, someone needs to lose so that other can profit (zero-sum game).

Look on the coinmarketcap website, cryptocurrencies with the largest capitalization are better for day trading

Welcome buddy, I would advice you to start with bitcoin, ethereum for a start.

Actually the concept of day trading is the best in first glance. The crypto currencies made it possible due to their very much characteristic of decentralisation. If that wouldn't have been there then there would have been no way to trade the crypto's like this.

Anyway as we have already blessed us with such market I'm sure that we can get more out of it by trading all the tie. This is the only market on this earth which never sleeps and the money keeps going out of it and into it all the time and whole 365 days without a glitch. Thats why you can find many spots where you can earn money like crazy way. People aren't sleeping because of such markets and thus it makes itself very special. :-)

Thanks all for your knowledgeable inputs.I assume Bitcoin is best for day trading but the next question is what is the minimum quantity of Bitcoin needed to buy? The question is very basic but i don't have any idea about this that is why i am asking.Bitcoin price is sky rocketing so people from countries with bad economies can't afford to buy a complete bitcoin at this price.

You should have asked this question in the trading discussion board as most of the traders are out there answering the queries.
Day trading is risky and involves much expertise in trading and knowledge about how the system works. At present the altcoins are moving like a wave where some coins are rising up while others are going down. DGB has been a coin with good potential and perfect for day trading. I say perfect for day trading because the coin has been going up and down repeatedly over the past few weeks. Research over it and invest on your own risk.

Just mark my word , altcoin trading is far more riskier than bitcoin so just prepare yourself for the worst at the first.
If you still want continue, you can try ETH,and bitcoin's child like BCH,BTG,etc since they will have uptrend on the future !

I just see , you are newbie , welcome to the crypto brotherhood !

but don't try to jump so high , day trading is very risky if you don't understand about the market you will lose !
so do some researches , read this bittalk forum and be experienced after that you can go for day trading.
now i suggest you to do long term, that's the best option for newbie!

you need to look out for one where there is a space of about at least 200 satoshi between buy and sell order. you repeat the process for some time and youve made easy profit

In the site coinmarketcap has the list of currencies and their quotations among other variations, start looking there and go to an exchange with good reputation, start with little money.

All the most important information you find on coinmarketcap. But if you are new here the better option for you will be start with hodl coins because it is easier

IOTA (https://coincodex.com/crypto/iota/) was great to day trade today :D