Bitcoin Forum

Can you buy crypto, and sell it 5 minutes or so later?
Is there a problem with the time it takes to show in your wallet after buying?

Thanks

Bump

You can day trade on the exchanges if you have the time and are quick enough to buy in the dips. it is not easy to analyse the charts and predict what will happen next, it involves a bit of luck and skill and research.

Yes, you can day trade crypto. There are many traders doing it for a living. The buy and sell in crypto exchanges are instant and the funds will be credited to your account wallet instantly as well.

Of course you can. As mentioned, a lot of people make a living out of it; but you can also get caught out, so be careful.

A good thing to keep your eye on when trawling the exchanges/CMC are arbitrage opportunities. I made a bit last week taking advantage of particular coins doing this in my spare time.

Good luck out there :)

-Knightly

Of course you can daytrade on any exchange. Basically the only difference from Forex is that you can not open a short position. Thus, in principle, you can only earn by buying a coin and selling it when the price is higher. At least I don't know of any option which would allow you to earn when the coin's price is falling.

Yes you can.

Bitmex

on exchange you can buy or sell immediately, some sites has more users so sometime you need to refresh page after your buy

The only one big difference is that crypto markets are more volatile. But it doesn't mean you can't trade crypto as well as forex.
P.S. If you lose money on Forex you most likely will lose money on crypto too. Be careful!

Sometimes you buy, and price goes all the way down...

Sometimes you sell, and price goes to the moon...

But yes, you can buy and sell like forex

Yes you can but it is not recommended. Beacuse you have to pump more money if the purchased crypto price getting down to avoid closing the account(If you leverage). Also note that buy and sell price difference too high in those exchanges.

Guys, this was exactly what I wanted to know.
Thanks.

Yes you can do it but like with forex you also need large amount of founds to obtain any kind of profit,imo hour trade is much better as there are certain hours when price goes down 90% of time and you can use it to short positions.Day trade is even better especialy when there is some announcement and you can ride the waves untill it comes out

You need to backtest your trading strategy. There is no way to get profit in long-term if you apply some particular time like 5 min or so to trade. At least you need to write down your trading plan and open several demo trading accounts. Then trade many variations of your trading strategy in order to find out the more robust one (if you can't backtest it automatically).

Yes you can do that, when you are trading at exchanges what you trader there will be instantly credited to your account,but i dont think that you will gain profit from reselling it after 5 mins.
You should not do this plan when trading it wont benefit you at all and you may take a large loss from doing this kind of strategy.

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No there is no time delay when buying or trading at exchanges, but there will be some delays when the wallet of an exchange like yobit is on maintenance.

IMO before you start with day trading.

1. Follow some coins day by day.
2. Check the coins on the end of each the day, and check if you have earned of lost money (If you bought the coins for real).
3. Spread your money over multiple coins.

True that. You gotta be hell lucky and an ace on the market to get income so fast. Also as I heard the only one who is making profit on Forex is Forex owners so I hope our situation with cryptocurrency is differ from that.   ;)

yes you can do that but it involves your luck and your research, recently I was lucky I invested in igniz because I saw the cheap price then in half the day I switched it for having got some profit

There are always ways to day trade in crypto, if you are using well known western exchanges which don’t use margin, potential for loses is smaller, but gains can be in multiplical.

As far as my trading experience, crypto trade is far more risky compare wall street trading because the value still too volatile.
Let's compare with wall street trading , you can earn profit because the world issue is green.

My advice, trade carefully because you can loss today or tomorrow or day after tomorrow etc

Yes, the funds will be credited to your wallet instantly. Now there are exchanges for trading cryptocurrencies and every day their development is gaining momentum, if you have no experience in trading, you can use the services of a broker.

I think in crypto it is not easy to scalp as their is not that big volume to support the trades like in forex, may be after 2-3 years when the crypto market volume will grow to $2-3 Trillion then we will be able to scalp the top ten crypto currencies just like we can do in high volume forex markets.

Technically YES you can day / swing trade crypto too like Forex, commodities,... you name it.
the thing with crypto is that you need you order to be filled in order for your trade to start or make profit (when selling). so it depend on supply & demand (ask & bid).

Since crypto doesn't have such liquidity, your order may not get filled as you like UNLESS someone fills it, which is not like Forex where your order can be filled as soon as you start i (that's the only bad thing about day trading crypto). Other than that YES crypto is day / swing trader too ;)

of course you can,
you can use any technical strategy just like you trade in forex
because the charts of crypto is same as forex charts,

buy crypto and sell 5 minutes later is very reasonable to do because market crypto always move significantly. so I think trading crypto is better than other trading like forex.

Of course you can, you can trade quickly. but the difference that will be your advantage is very little. unless your capital to trade is huge