Bitcoin Forum

From my reading it seems that day trading involves moving in and out of trades quickly - how much would you need to be investing to make this worthwhile?  Over the last couple of months, things seem to be moving rather slowly?

They are not moving slowly at all. There are plenty of currencies that rise with like 10% every other day. Your job as a day trader is to predict that and buy before the small price rise and sell at the top.

OK - and what is the minimum $ amount needed to cover fees etc?

Fees are usually pretty low. I know on Bittrex it's .4% total to buy and sell. So as long as you make 1% or so, you're in the profit. Look into Bollinger bands and other stock day trading signals. They all pretty much work with crypto the same as they do with stocks.

Great thanks - so how much of this technical stuff do you need to know - OK with Bollinger bands but on Trading view some of the charts are incredibly complicated!

You can learn one or 2 technical analysis things and do fine. Also, you don't need a ton of money to get started. IF you take $100 and make 1% on every trade, you'll have ton of money in a couple of years of doing it. So it doesn't take a ton of money to get started and learn with.

There is this super cool guy "Philakone" on twitter and youtube. You can watch and learn great stuff from that guy. A perfect day trader. I've been following him for the last month, learned a lot. He doesn't charge anything and he is super funny. I adore intelligent people.

yes, because now is a good time to buy more bitcoin and altcoin, so trading becomes fast.

I do not invest much, so I only have investments in bitcoin, ETH, and NEO.

and to earn a profit, I must to wait until the correction is over. or until the condition is stable.

Dude, day trading is a full-time job and very very difficult (I am an experienced trader). If you are not a pro trader in the markets or in the forex, probably you are going to lose some money.
Just try middle or long-term investment. I believe this is going to be more profitable for you.
Good luck

It's would need quite a bit of money and a lot of risk tolerance. There's no guarantee that the price is going to come back up after you buy a supposed dip, so stop loss orders are a must in my opinion. Trading bitcoin on a daily basis would require a lot of dedication and can be quite costly. I think nobody should trade with what they can't afford to lose. Few investors actually have the risk tolerance for BTC.

I do not need a lot of capital when going to trade. the most important thing for me is that I can benefit even a little. yes doing daily trading to be my top choice, I prefer to make trading by taking decisions quickly.

Trading can be more prifitable if you invest $$$$ of capital but if you are just newbie, don't invest much try to put at least $200 for your starting capital. Trading is too risky you should always put that in your mind, if you know nothing please don't try to do it.

10$ in altcoin would be enough for daytrading. If you can make every day little profits, you will multiply your funds. If you loose, you only loose 10$. On most exchangers the min. trade is lower than 10$. Fees are around 0.025 and 5 %.
On daytrading you have fast moves, because you don't follow the main moves, but secondary and third moves/waves. Daytrading is like gambling and no indicator will give you a chance over 50% to take profits in opposite to middle- and longterm trading. So keep your funds as low as possible for daytrading.

I do not trad every day. One reason is day trading makes me very tired, tracing the curves. The other reason is it is not so profitable since the exchanges charge a lot of trading fee.

I think that is very important in trading cryptocurrency is always update the latest information about issues that develop related to cryptocurrency, if we update of course can analyze market value quickly and take decision quickly, and hopefully our speculation is right for gain profit

To get a big profit you also have to have a large capital if you want to do daily trading, different things with monthly or annual trading that requires little capital.

Day trading is a bit difficult. specially when you bought the coin almost on its All Time High, then is moving down drastically.

I do day trading before and you need focus on the movement of the trades. Just go with the coins that are active at that moment. 10-20% profit is enough for me and if I got lucky I get 100% profit in 1 day. I go off trading with btc on my balance, not alts coz coin value might go down while you're away. That would be a loss. You can wait for another pump or up of its value but whales usually jump from 1 coin to another so you'll get stuck.

I have not been doing daytrading since mid-January. Too dangerous situation, when news, which are guaranteed to give very good growth is almost not working.

If you are asking what's the minimal to day trade and also asking about fees, I suggest you forget the idea completely, a lot of people dream about flipping 5-10% daily but most fail, many who have more knowledge than yourself, in this market you're more likely to lose 5-10% in a day than gain it, and you'll for ever be chasing your initial value.

Your best bet is to find some good projects, buy, hold and forget the stress, finding the right projects is the most important thing here and knowing a good entry point.

Honestly, I think this period is not suitable for daily trading because the profit in it , will be with unacceptable amount ( low profit). Moreover, the market in a crisis and unfortunately, many cryptocurrencies in a full decline  and even when there is a rise, It will always be with a  small percentage. So I do not agree with the method of day trading in this big crash.

On the other hand, you must invest in the best currencies with a huge value of market cap on the market ( TOP 10)  and in my opinion,  I should divide your budget on Bitcoin, Ethereum, Ripple and cardano. and I think this is the best choice to ensure an acceptable profit in a middle and  long term and to make it worthwhile.
In the field of trading, that's the best equation : "Patience = Big profit"

Day trading isn't for everyone. It's a hard job and a very stressful one, you also need a lot of patience.

Day trading is for me very imteresting. Being able to predict growth of some coin in few weeks even days it is not easy how it seems. But its really worth trying.

Day trading is a full-time job, because you have to:

Follow cryptocurrency news
Make technical analysis
Study fundamental analysis
Educate yourself and stay up to date

Is an occupation that requires constant attention when we talk about the normal stock market, and this is amplified if we're talking about cryptocurrencies which are subject to rapid and enormous (unreasonable some time) price movements.

A general rule of a thumb: If you spend less than 6 hours on the market a day, do NOT daytrade. Because you're slow, you're making reckless decisions when thing go south, you sell on a winning trades, stay on a losing trades.

Philakone is a great guy
He share all his knowledge to his followers without asking anything, also shares some quick signals
People literally follow his signals and makes good amount of money.

Doing a daily trade is a very stressful job. I tried it once, but then I said if I had not made the trade and had not sold it at all. So I do not make day trading anymore :D

There is no minimum amount needed for daily trading. However, I would recommend not to invest a lot if you are a newbie. 100-200$ is a good amount to start with.

For day trading, you have to be expert at both technical and fundamental analysis, you should be able to read the charts and patterns plus the use of indicators, plus risk management per trade is the key for safer trading to cut losses, day trading is just like fulltime day job, so not everyone can do it successfully, i have seen more people in loss than profit day trading including myself.

Day traders are making decent profit in this current market, because what they need is volatility but the main thing to be successful here is to be very discipline, most day traders overtrade and that is why some people lose money day trading. Just have a strategy and be discipline to stick to it

for day trading you need , a good deposit like up to $10k and more.  As for the day you can earn 2-5% and on a small deposit it will not be tangible. Now I would  recommend you swing trading. He can give more profit at this market. Although it's up to you.

Day trading is quite hard compared to holding... it requires lots of time to research and make trades. it also involves losses at certain points so don't expect to raise 10,000 usd from 1000 usd in a month or so. i would recommend you just hodl

You will need bigger capital to make big profits in day trading. But you could start small, say a thousand dollars. It can earn small profits everyday if you are good. Grow your funds steadily if you want to start small, don't take profit yet. If your funds is bigger, the profit is better, then you can take your profits off daily. Day trading can be tough and you may incur some losses, so be prepared for that if you really want to do it.

Day trading now looks like picking crumbs off the table. The maximum rise on top coins was about 3%, it is extremely small to recoup nerves and constant control over price movement. But no one says that this is bad, since it seems so far this is the only way to invest.

well. i dont have enough time to follow the market very often. Because to make daily trades you have to be active and online every time and check the graphs, check the indicators etc. and you should invest enough so you can be happy with 3% 5% profits overall.

In my point of view, you cant deny the time exactly because it depends on the coins which you invest. you should spend time to research price charts to give your decision

who is making any money when its like this in daytrading?  Is it even possible?

yes, I also see merchant days in and out, maybe because of market conditions that may be very unpredictable, so if for me we only invest by buying one altcoin that has good potential and now the price has just decreased significantly, for I will better than day trading.

Why, look at cheap coins with growth of 10-15%. You can only have time to sell before it falls, which is the most important and therefore you need to constantly monitor its movement. But you profit from this, of course, from this little, but enough nerves.

Yes, you are right. There are some crypto currencies that go up. But this movement is rapidly declining. these days the movement is up and down for this month.

You can invest with any sumof money, the question is how much you want to earn.
If 10% per 5-10 days is okay for you, it is not hard to make such amount of money in crypto.

I'm new to this technology but as per my observation it's not good to do day trading during a bearish market trend as you will lose your money with the price downfall. Better to hold for this time and buy at the dip.

Yes it true that daily trading was involved high and low that is whay you always monitor the token price.We can invest depending on how much money you have excess.

Are you dumb? Holyshit about that the real problem is no how much you can earn but how far you can get the bottom of crypto price. If you can get the bottom and then it will be automatically give you a huge profit in the future. Daytrading is too risky especially in the bearish market.

Day trading does not mean that you need to move in and out quickly as you need to consider to be profitable in every moves. If you think it's not good to sell today then you may opt to wait for tomorrow. It's not logical to move in and out with a losing end. Besides you can decide what you want.

Your word is not right, I'm sure every strategy must have advantages and weaknesses. You can not insist that a strategy is very good and bad. All things that happen should be in accordance with the situation and conditions that exist. Without looking at the situation then we can not get anything, Trading is a job that requires thoroughness because we are required to do the analysis in every decision we choose.

I doubt today is a good day for daily trading, the prices are going down and it seems to stay that way for some time

Not all are down. There's still a few green especially among none top 100 cryptos. Smart money is moving into those cryptos for quick flips. the trouble is finding them

The current market is green so day trading is good for this scenario. But yesterday only it was going big dump again today it will reach 6k USD and currently it is 6.3k USD so day traders are earn more profit. My suggestion is day traders are already experience in many dips so they know how to choose the right platform.

Actually honest if the day trading is very risky with lost a lot of money, because you must have experience a lot of trading. Whether it's about the coin we are trading also about the movement in the market. But for now, it is better to buy and hold it for a while some coins because the price is down. If for the day trading process, i think not so good, because the market trend is down.

it takes a good analysis for a daily trader. they prefer if the market has a large volatility, because the opportunity to get a bigger profit. because misunderstanding means floating occurs

To gain much with day trading you need to have bigger capital too.

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It's not only about moving out off your money on exchanges because you can let your funds stay there by converting it to some stable coins like Tether.

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There's no definite amount on how much you need, you can experiment on your own start with few bucks $50 but don't expect big gains.

Day trading is very risky when you are playing in the basically crypto market. But, while you are doing day trading in this bear market there is more risky. So, trade cautiously and just make a entry and exit with minimum profit at first attempt.

Totally agree with you mate.
People should invest a small amount of money before investing big ones.
Buy cheap coins, for example, DGB and day trade with it.

I think to do day trading,you need to have a very good knowledge and experience of it before you start participating in it for you not to make total loss. It is not only about the money but also experience.

Day trading is a risky game and it's more like gambling.  This market is like a roller coaster you can't predict  In my view, It's better off to just hold for a long time frame instead of trying to be a pro trader and get burned.  Maybe I'm a bit jealous of good traders but I've gotten burned badly trying to do this.

They can with small amounts as capital but I'm not encouraging them stay with it as they gain experience.

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Learning with the fundamentals of day trading will also give you more confidence that you are ready to take more risk in the future.

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In that way, you can start investing more but just do it gradually.

It is necessary to observe the market very well. But in these circumstances daily trading is very risky.

Day trading means that we should close all orders due to today. If we can't it will be swing trading. Day trade has some features for trading. We should plan our orders for quick profit without delay. Else we froze our funds in the orders and it can be fatal

The market doesn't look slow, it just declines. It has the volatility that can allow you to earn on day trading, even on a drop, but you need to have a very huge work experience, at least two or three years, and it's better to invest for a long time for inexperienced traders.

There is a bunch of promising coin but it's still very low on the marketcapitalization. More capital and more profit, less capital and less profit. The result of how many profit you will earn from your daytrading depends on your initial amount before starting your trade. I guess you need only to invest in those coins which have a lot of volatility.

Actually trading is pretty difficult in both of side i mean daily & weekly trading.Also I've been involved with it for the last 3 years. I used to spend a lot of time with daily trading, I could not do any other work.Now i'm Still involved with long term trading i think it's the best.

Day trading is not easy to do and it is harder in a weak market. Very few traders succeed at it. Doing swing and long term trading is less stressful and likely more profitable.

To earn good money on the right day trading, you need to have a minimum of 2000 - 3000 dollars. Having such a sum on your account, you can trade without putting yourself at risk of losing everything.

i have opposite opinion. now market is so red, btc stay at price 6k3. no reason to trade evert day. if btc is active, daily trade might really earn a lot.

Anytime the price can be plunged instantly and that gives the daily traders the more risk to betting on the exchange site. The daily trade is such a thing that should be avoided on this period until the market will recover and we should not do that.

You don't need to use the amount of investment to win, you should rely on the number of investments to win! The current market is very suitable for short-term trading, this is the truth!

Day trading is a matter of luck for the little to me  because there is speculation, fud, insider trading, scams etc. lots of bad factors for day traders  :)

I do day trading but I usually do it seasonally depending on the Current market trend, I would advise you thread carefully especially in the current bearish market..
But I do support buying good coins to HODL for a long period of time, this valuable if you have time to gather TA.
I would advise for a newbie coming into the trading space,it's best you don't trade alone, find a group of like minded individuals who are more experienced to learn

I have tried day trading and was a disaster for me

no day trading for now, I see all traders have no choice but to postpone their sales.
I am not interested and prefer to withhold some altcoin until December. hopefully not wrong predict

day trading is very good and quite profitable, but this requires iron nerves and a profitable strategy! For me it is better to buy and forget for 2 years. Profit turns out good

Day trading is very stressful work for me. We have to be updated always and review the market movement everyday. We have also needed big capital for day trading to maximize the profit gains from trading.

what this EXX exchange with so much volume? https://www.coingecko.com/en/exchanges

I've read some about day trading and it seems that it is not my style, I'm not experienced enough do do such thing and it's kind of risky thing to do, knowing that I have a little experience.

The very first thing you need to learn about trading is on what coin youre going to trade and what are the risks on trading. It true that doing day trading can earn you a lot of profits, but  you need to make sure that the coin your investing can earn you a profits in a day trading because some coin cant even move a price or it can move only at 1 sat . you need to select a coin that the price is changing everyday,.

It will depend on how much you can invest for your day trading, but in doing the day trading you need to study and learn it first for you not to lose what you have invested on the crypto it will be hard for you to do the crypto if you do not know how to do and it will be too risky if you don't have a strategy in doing the trading. Before you do it you have to have a steps and a strategy in doing the crypto. In crypto you have to study it first before you do it learning is the main factor in doing the crypto investment for you not lose.

daily trading actually you can do when you have the skills and can know the right time to buy and sell coin so you can see the potential increase and decrease in price and you can take advantage of it then you can do daily trading.

Day trading allow fast reaction on the market state. Yes, I can get profit 1-2% but it's stable. And in this case I don't have much loses because of massive dumping. Day trade by USDT pairs allow enter/exit and save own deposit with small profit day by day

Indeed, this daily trading is quite tiring but looks fun to see the coins that rose with green. Although slow if the price goes up with a good volume, certainly good to follow.

I'm more of a hodler than a trader, but now contemplating entering the day trading scene. Tried my hands at a few, never really got that that you have to set your profit very low compared to the x2 - x10 for medium and long term portfolios.
My question is what percentage range works better for day trading

To trade safely you need a lot of money. When a large amount of money can be traded at 1 2 % and it will be safer.

it doesn't matter how much money do you have. Day trading is hard work. If you think that your work hard, try day trading then you will say that it is harder. Many people think that it is easy to make 1-2% profit and you do not need to do anything, but this is a big mistake. Try not to lose on training trades, just $ 1000 or $ 2000 and then you will understand what it means to lose money when you're trading, without the possibility of come back your money.

For me you need to have a huge minimum amount of investments when you are doing day trading aparently 5000$ to 10,000$ minimum of investments to see that you already earn a good daily profit. Anyway you can start in low minimum of investments but its a waste of time only.

Having a small amount of capital for day trading is not a waste of time because you can still learn from your trading. It also makes you have patience and it wouldn't compromise your emotions when you are still trading small amount because most likely you can still afford to lose it. It is advisable to start with a small amount and then later on if you are already familiar with the market and have your own trading strategy then you can already add capital to it or build your way up.

Day trading is good if you have a good start capital and at the same time if your good in trading skills. I like day trading because it can help me earn profit in daily bases even though not that much but still i earn it and i am very happy for that.

if you are a day trader, you should not look at a single coin, try to see another coin that moves faster than the coin you see now, try to find another coin and try to split your trade to minimize the loss if one of your coins does not match you hope

Actually this current price market movement is really in favor of day traders as we observed the sudden spike and falls of the price of all coins specially the Bitcoin. Although this is a tough activity but if you have no stable job and know how day trading work then there is no problem except the price is really unpredictable.

Day trading is a fantastic challenge, but if not skilled it will experience unexpected losses, it is a daily trading has the advantage and should be agile in playing the coins.

It's wasting a lot of our time. Imagine you can earn pennies but you will able to less a few bucks due to the bearish trend. to get the maximum profit and then we must put a lot of effort and money to be traded in the market.
It's really simple just buy when the price is so cheap and sell them when you are getting some profits.

The order of 5000-10000$ I think would be enough but the more the better of course. But it's not in the amount rather, and Your skills.

Hard to say. Since this is a very vague concept of "good daily income". For each person, this amount will be different. Therefore, I can not say the exact amount.

nothing bad in day trade. but you also think this is the market situation. do you think you can trade day? For me the day trade just makes the market a good day. but if not and less good hold first.

It can't be avail by other traders here. There are traders who are just starting and they aren't sure with their chosen investment. Day trading needs practice and it's not just an easy profit activity, it takes time before you can master it. Start somehow with $25 - $100.

It's difficult to do day trading in this bearish market when most of the coins are keep falling even if you have huge money you will lose it if you will continue trading your coins. Better to buy and buy and wait the price to rise at-least 10% to get profits.

That's right with you saying, day trading does have a lot of advantages but it's actually fun when done. With a little capital sometimes has many advantages because it is good at reading the market situation.

Be extra cautious in trading during a downtrend in the market. Most experts with extensive experience in trading can only make profit at around 5-25% profit daily involving a huge amount of capital. If you are confident with your skills, try it. If you made a mistake, learn from it and modify your strategy as needed.

Truly there is huge risk in trading even if it is in the bullish market. Definitely, it could be a big challenge in time like this(bear season) as mostly people will do experience loses.
Capital is very important in trading and you might get more if you spend a huge of capital to start with. Is just similar in doing trades outside crypto.

I think the amount need to invest at the beginning depend on the cryptocurrency you're going to trade :). But I think you should invest at least $500 to start day trading cause I think you need at least $500 to split your capital into more than 1 cryptocurrency :).

Day trading is not good for us, if we hold them for a long time will be more profitable

how long will we hold it because for almost a year we have seen a less friendly market that can provide accurate analysis for the end of this year and early next year

not for us,, maybe just for you my friend
in current market, day trading is better than long term holding mate,,
but, day trader need to understanding the charts, with technical analysis

Day trading requires a big concentration and good trading skills. So you have to use all opportunities appearing during the day as opening long and short positions. Also day trader always use stop loses and open positions according to risk management.

also a day trader should control their emotions, wich means don't be greedy
and for mecmoney management is more important than trading system

i dont think daily trading worth to do it with high amount of money. if the market is bearish i dont think daily trade works at all. if the trend is bullish, long term holding gives more profit than daily trading.

Any amount that you can afford to lose is good. If you have a good emotion control ability then day trading is good for you. Also you need some knowledge. If you don't have these then do not think about day trading. It is too risky.

Day trading for crypto trading is riskier than ordinary stock exchange because most crypto value too volatile , totally unpredictable.
Just make sure that you able the resistent and support value if you want do day trading, usually they happen on EU zone.
It's require the process so not instant !

I am not good enough to inform you about trade, but daily trading is a full-time business. It requires spending time and experience. If you do this as a side branch and you do not get serious, you are poor money. I do not think I should have been serious about your business since nobody likes to lose it.

as a succesful daytrader i suggest you to create trading models based on sell on rising and buy on falling.That method also depends on how you can read trends, if you cant read trends you cant put a great sell of buy point for yourself. you need to work and analyze trends on graphs. you can just learn more from history, there are days not good for daytrading so you should stop doing it.i prefer daytrading on stable days and relatively rising mid-term trends.

One of the guys I look up to in trading says, it is less risky what you know can happen in a day that what will happen in months or years thus he prefers day trading. But one study suggests that short term trading and investing long term both can get the same profit in the same period of time. So the bottomline is what's your playing style. Are you the one who likes the thrill or patiently enough to wait for your gains.

indeed someone has a different desire, some like to trade day, some are like to make long-term investments, but we can do both, to invest long-term and trade day, but now it is very risky for example we will trade day , because the price is very difficult for us to predict.

Fees are relatively low in the crypto exchanges. You may want to consider Binance to enjoy 50% off trading fees if you hold BNB. However, please study about day trading and brush up your skills before you start to trade.

Day trading is a hard work. Often profit is near 1-2% per deal. That's why we need to calculate quick. But with valuable deposit fee is not determinant. The most important is to define what trend, which entry and exit points, how to make order.  And constantly watch for BTC price  ;D

Day trading is needed evaluation on statistic, be first review on fud or fomo and when you have profit dont be greedy, small profit but often is better

Actually, the day trading was quite tiring and made a pressure with prices falling, but rose for a while and came back down. All of this is a game that we must be able to control well if we want to succeed in day trading.
Many challenges and speculations arrive that will make us more observant to follow.

I believe that day trading kriptonite is for strong and experienced users. It will be very difficult for a beginner to understand and start earning. There's a chance he'll lose everything. To avoid this, it is better to engage in the study.

I think holding and not making daily trading are very important for now. In my way of thinking, this low prices are affecting the other new and old prices, and I think the  new coins are very important to have profit from daily trading.

There are no exact amounts at the moment, but I believe that at least 20000$ (twenty thousand dollars).The greater the investment, the greater the profit.

In my opinion, doing daily trading is a very risky job. So, we trade carefully and make enough entries and make profits. Only have the strategy and discipline to stick to it.

The bigger capital, the better in day trading. You need to have at least more than 0.005BTC to move in and out of exchanges and that can be your standard profit from day to day. And if things are moving slowly, go on and look to explore more of your skill in trading by trying out and going with some other coins that has larger volumes.

Day trading is difficult now when altcoins are in a bear market. Unless you are very accurate in predicting the temporary bottoms, you have a higher chance of bag holding coins which may continue dropping. Another issue is the lack of liquidity if you are trading large amounts during this summer where many people have cashed out.

I would say a minimum of $1000 will be a good start.
That beiing said, with that amount you can diversity and have a very well distributed porfolio.

The future of altcoins will be ok, and I expect a select few to survive the times, but new ones will always come and useless ones will always die during bearish times. In my opinion, it is better to do your own research too, and follow your instincts. However, articles and good blog posts can give you hints and you can have a look at the projects to make up your mind. Check out Eterbase. It is an exchange where each trading pair is deployed on a dedicated instance of an order matching engine to ensure high order processing and exceptionally low latency for all users.

If there is an opportunity to play down (short), then you can earn good money in a falling market. Of course, most of the assets are HTB, but the main ones, such as BTC, ETH on some centralized exchanges, may be shorted.
Yes, the liquidity on the cryptomarket is too low. As far as remember, I did not trade more than 1000$. And it was hard. Only with a capitalization of more than 1000 million, liquidity will be minimally acceptable. It would be desirable, not due of new startups, but by the development of existing ones.

Some points I note that trading is risk and it is not everybody cup of tea . Be ready to take losses as well and hold for some months if required . You need to have Patience and not all trades will give you profits . You may have to book losses as well .

That's why to minimize the risk and he must try to get the altcoin when it was reached the dip price. There was no reason not to do that consider more dip and that will give you a little risk to get lost.
The market is so unpredictable and this will be so long until there will be a new bubble will come

Day Trading at least you earn +5%-10% of your money is good enough..

Actually the current market conditions do not seem so bad for a daily trader, because the price of bitcoin has been moving at a fairly stable price range over the past few weeks, but this low volatility still allows it to generate a profitability of 10% daily on average.

It is true that people involved in cryptocurrency trading can see with some disdain a gain of this magnitude, because they have become accustomed to violent swings of 50% from one day to the next, but compared to other markets it is still quite appetizing.

Depends on what you want in the end. There are long-term contracts with a large volume of investments, but also a large profit from them. The payback of this exceeds 200% per year.

Good suggestion and being a trader you should have a wider knowledge on the coins your dealing as this can loss your money if you miss the opportunity. Learn first the basic principles of a trader. Don't afraid to take the risk.

day trading on the crypto-currency market is very dangerous and unpredictable. I prefer to invest for a long time. this is the best strategy

Yeah I agree, but if you think about it it should be more predictable than stock markets. Because you can:
 

• see how many tokens are on the exchange
• see big holders and their movements
• monitor exchanges and their deposits/withdrawal transactions

All this information should help you make better decisions, I believe we should make more predictable then stock markets. I think (wild theory) most people are focusing on wrong information to focus,
all those signal groups / 17 y.o youtube traders / rumors.

I have created simple notification bot/app/platform for few tokens/markets deposits and test traded for lower risk trades, of course I can't make big enough sample of trades to say its working, but so far I'm satisfied with the outcome. That said I believe this bot/app/platform would be more powerful in hands of traders. // Disclaimer this is not solution which is  money factory, passive income or any other get rich quick scheme. I'm just relaying information straight to the user.
If you are interested you can check twitter, write me a Pm,  I'm now focusing on low market tokens as to POC.

I agree long-term investment is indeed the best choice to be able to get a bigger profit, basically both strategies will both be able to give us profits and have the risk of each on the traded coins. there is no harm in you also analyze a few other coins that have the potential to move quickly so you will be able to get a quick profit too.

How exactly can you see how many tokens are on the exchanges? Most exchanges
use hundreds of wallets, which makes it nearly impossible to determine how
many funds are actually at the exchange. If you try to determine the amount
by looking at the order book, you should be aware of the fact that many shady
exchanges use spoofing to give the impression of support "walls".

I also have no idea why you think that it is possible to see what the big holders
are up to. How would you track their movements? I don´t think that this
is doable and cryptocurrency trading markets are just as opaque as
stock market trading.

this can not be done in crypto. due to its fall in price. when the bear months of crypto are over. then we can trade day. Today's long term trade is what we can do. wait for market changes.

 I have to say, I'm speaking about ETH tokens,
"Most exchanges use hundreds of wallets", that's not true most of the centralized exchanges use few addresses (public) and have many internal addresses for tokens for example binance, they have https://etherscan.io/address/0x3f5ce5fbfe3e9af3971dd833d26ba9b5c936f0be#tokentxns (https://etherscan.io/address/0x3f5ce5fbfe3e9af3971dd833d26ba9b5c936f0be#tokentxns), and few other token addresses. Thanks to transaction costs exchange can't have many public addresses, because then they would have calculate fees with transaction costs. Most of the transactions at centralized exchanges are done by internal transactions between internal addresses which are of course like you said untraceable. But that doesn't mean you don't know what is deposited to the exchange (withdrawals are thanks to the different withdrawal addresses difficult to tract but not impossible).

"If you try to determine the amount
by looking at the order book, you should be aware of the fact that many shady
exchanges use spoofing to give the impression of support "walls"."
Agreed, that can't be done.


"How would you track their movements?"
Same principle like exchanges, depends how many big holders there are I would argue in current state and network-speed, its possible to send, trader notification that "big holder" moved his money, even before the transaction is confirmed (for like top 50-100 holder addresses). You know then, who is sending tokens where and how much they're worth, obviously he can just send his tokens to exchange and back (or to the other address), just for fun, but how many big holders really do that.

We are having a trouble about the fees these days so I don't prefer day trading. I would prefer a long-term hold and take it slowly but surely. Day trading would be needing enough knowledge and understanding and it would take good skills to make it profitable.

Each individual has their own ideas about good income, so some investors are satisfied with the yield of 5-10% per year of the invested amount. Of course this is a ridiculous amount for a teenager who is going to invest$ 100, but the imagination of this teenager has nothing to do with the pragmatism of dollar millionaires.

Depends on what is worthwhile for you. Some people may say that it is worthwhile even you gain 1 cent of profit. For a day trading, for its start, I think you won't need much money. Investigate the exchanges, find a coin that suits you with its price and potential and then go for it.

Should a trader swap directly every profit from day trading? I don't think so. They can save before reaching the target he wants, and till now I have never found someone who exchanges every profit he gets from day trading. Or another way, an income from your day trading you can buy tokens or coins and hold for long terms as you wish.

in any case, before making a purchase and keeping acquisitions for a long time, you must first determine the object for your investment. This suggests that you need to be confident in the prospects of this or that project. Based on the current situation on the crypto-currency market, such a decision is difficult to take .

I believe that you need to invest a minimum of 1000$ to trade cryptocurrency, in this case you can expect about 500$ from trading cryptocurrency every month.

First of all this is trading discussion topic and then you need to go with the section to discuss it.
Next worth of cryptocurrencies may increase and decrease at anytime but this hodling and waiting will not work in thee positive side of trading. So short term goal only may work better.

both of them will be profitable if everything works well and according to a fluctuating graph of movement every year, but by doing daily trading will be able to make profits faster, if we follow the signal of a coin that will rise significantly. without knowledge and signals of short-term trading will not be able to function better.

Its not guaranteed that you can earn specific amount every month, this will depend on the skills you have in trading. Having a huge amount of capital is fine as long as you know how to trade. But if you are just a newbie, better to start trading with just small amount of money.

If there's a minimum amount to start day trading that wouldn't be as much as $1,000. But for someone who wanted to learn, you can go as low as $100 and the experience would be amazing with that amount.

The worth or value of that money will be worthier with the lessons that you'll learn after doing your own trades and start day trading.

Before you start trading and become a day trader you should learn it first and practice. A lot of people also lost in trades if you buy or sell on the wrong price even experts experience this also since no one can really predict the price. You also need a large amount to start so that your profit is big too if it is a good trade. My tip for you is just like what everybody says “buy low sell high”.

To me daytrading seems like playing the roulette in the casino. Some days you will get lucky, and other days you get unlucky. However there are always more influential people than you or me, who manipulate the market. Therefor I’d see if you believe in something for the long term, keep it for the long term

Trading with large amounts as a newbie isn't just advisable whether you learn trading or not. Better to start small and watch your investment increase over time....it  is very encouraging and satisfying. I think you will also gain a lot of experience in the process.
You can always add more fund when you become super confident in your trading skills.

It is just typical investment — You start small with a new company then gradually scale up the business when the company starts doing well consistently.

you should have traded daily since the subject was opened. and if you are a successful trader.you've made a very good profit.

2017 rise, 2018 Trade year, 2019?

it all depends on yourself in analyzing the movement of coins on the market, if you are careful and really have a good time predicting the graph of its movements on the coins to be purchased for daily trading, of course that is not an advantage because of casino roulette, but it has master the science of commerce in crypto.

Long-term investment is indeed more promising and will be of greater benefit, but in a market situation like this, daily trading is the best solution while waiting for the market to recover and we still get profit even though the market is down.

Having a huge capital in day trading is really profitable but yeah experience is still matter.
In this highly volatile market, if you are a good trading $500 a month is too small for you, but of course you will still incur some bad days that can blow away all your profit so be careful. I don't suggest day trading with the newbies especially if you are trading huge amount of capital.

Day trading is very difficult and involves a lot of risk as the bearish market continues. So I prefer to wait until the market is stable. But if you're gonna do it, you should increase the amount as you gain experience.

I tend to think that this year is a very good year for trader. The change of the price is very beautiful. For those who smart enough, they will take this chance to make profit. However other people think that this is not a good year for cryptocurrency because mostly the only see bear market. The real trader should be able to see this opportunity. Let's just hope there would be a big surprise happen in this community.

Market should be learned both ways, for experience traders they will be able to see every opportunities the market will bring them, factors that let them decide when to make a good entry and when to sell out to buy back again, there's a need of proper analysis and make things very productive even inside this bearish market, short, mid and long term have its perfect timing in order to be compensated, choose one and make yourself very comfortable in anyhow keep being positive.

Day trading is a bit tiring, but an experienced trader will not throw the coin in a short time, but it will be more waiting for the right time to get it according to his wishes.
For day trading for novice traders, it will usually be easy to be tempted and quickly throw away the coins and be happy with a small profit, and after knowing the coins can rise again, feel sorry.

yeah you are right. i do not dare to make daily tradings for so long time. first of all it is very risky in this bearish market. second i work all the day and dont have time to follow the crypto market so much. so i prefer to just invest and wait.

Perhaps there are such days, and not only, there are green days when luck is probably on your side, and you really need to be ready for this moment, because if you miss this moment, neither is good.

It requires spending time and experience. If you do this as a side branch and you do not get serious, you are poor money. I do not think I should have been serious about your business since nobody likes to lose it.

More capital and more profit, less capital and less profit too. How many profit that will you get from the market will depend on how much you have been putting or investing on that coin. Basically to trade with a lot of money will have involved a high risk. you can lose your money anytime and it's better to choose longterm as the best choice. small amount for daily trade,

In trading especially in day trading we need to look at the exchange, chart, prices every now and then or wait till it reaches our target amount. There are some telegram groups now that helps in deciding which can pump that can help us to watch the price all day till it reached the price we wanted.

Especially when the crypto bear months end. Then we can exchange days. Long-term trading today is what we can do to wait for market changes, and stay patient.

Day trading involves lots of stress and energy, maybe before day trading is much easier but on on how this market now go with lots of dips and a minimal bull ever seen i suggest for long term investment.

daily trading for us to learn how to trade because if we don't know how to trade it will result in losses

of course when we trade daily we have a lot of knowledge and can control our emotions. if everything we have mastered then we will not be able to experience losses. losses will usually befall careless and impatient people.

Yes, you are right, if we want to trade every day we must be good at seeing the situation and conditions and must always observe the charts, the rise and fall of prices, if do not want to experience losses, because market conditions are difficult to predict.

it is very difficult in my opinion if you try a daily trade, if you fail then the loss will be a lot,
my advice is to wait for the moment to buy and sell when the price goes up

indeed, intraday trading is a very risky business. You can lose the deposit if you do not know how to trade. I prefer to invest

Yes you have said it right that the things seem to be moving rather slowly but before we talk on how much you should invest lets talk first about the market and how you will invest and how you will do trading and many more.

The things that you need first to know is
- What is Day Trading?
- Why is Day Trading used by many investors?
- Why I want to trade?
- What is my goal in trading?
- How much would I need to invest in trading?

What is Day Trading?
- Day trading is speculation in securities, specifically buying and selling financial instruments within the same trading day. Strictly, day trading is trading only within a day, such that all positions are closed before the market closes for the trading day. Many traders may not be so strict or may have day trading as one component of an overall strategy. Traders who participate in day trading are called day traders. Traders who trade in this capacity with the motive of profit are therefore speculators. The methods of quick trading contrast with the long-term trades underlying buy and hold and value investing strategies.

Why is Day Trading used by many investors?
- Many investors prefer to do day trading because trading assets on a regular basis could be a safer bet and might be more profitable for you. From the previous section we learned that Bitcoin grew by an average of 1.5% per day (during the past 20 days). So you can actually take the risk of buying today and selling tomorrow or within the next couple of days. There is no guarantee that tomorrow’s price will be higher than your current buy price — but it’s still better than crossing your fingers and holding indefinitely.

What is my goal in trading?
- Putting up a goal in trading makes your trading organize your time so you can reach your goal especially your goal with the amount that you want to reach because trading here in the crypto is too risky because of the volatile of the price. This is also a way to maximize your time in trading and you will set your mind in the price that you think you will gain a profit. If you do not have any goal then you might end up of not selling your coin or you might sell your coin a low value cause of the volatility of the price in the market.

How much would I need to invest in trading?
- Now that you have set up your mind this is the right time that you think of the amount that you need to invest in trading. The first thing that should put up in your mind is should I put all my fiat money in trading? What will happen if I put all my fiat money in trading? here is the answer to the question You should not put all your fiat money in trading because if you lose the money that you used in trading there is no chance for you to do trading again. In trading you have to try it first so if you committee a mistake then you can correct that mistake that you have encounter so there is a chance for you to earn from your next trading.

Thats why theres a coin that is slow moving and fast moving,this differentiate whay kind of cryptocurrency and what kind of strategy we will be having..

And about the volume to capitalize your trading well it depends on what is your capabilities,remember that never invest what you cant afford to lose

This is a risky way to earn profit in this market, day trading requires a lot of things because its not an easy job. I agree that day trading is not good right now because of too much dump but if you are a good traders you will still be profitable. Newbies should go for long term, and learn the process later on.

You can't be productive to something that you don't know.

And for our folks here, I've seen that many are still skeptic with day trading and the feeling of majority of them is fear, scared but aware of the risks that they are taking. You'll go through different ups and downs in day trading but the lesson you'll get is very valuable and useable.

If you want to get a safe and good income from daily cryptocurrency trading, you will need at least 10,000$.

How could you lose if you don't do day trading dude? If you engaged yourself there is a chance that you will lose or gain profit depending on your game and how to deal with it.

to do daily trading I think whatever capital we have we will be able to use to trade it all depends on the coins that we will choose for daily trading to get profits quickly.

but it would be nice in my opinion if you want to do daily trading you should use substantial capital all at once, so that the profits will get enough to feel the results rather than the small capital used.

the important thing is if you want to use a daily trading strategy, we must have a robust analysis and trading signals in order to know the coins that will get the pump and the movement is fast so as not to miss the moment to buy at a low price and sell at a high price with a short time.

you should have around 500usd to start for day trading and choose wise what altcoin are you going to start trading.sometimes you will lose and sometime you will get profit, but don't sell in lose

By the way friends, I would like to remind you that all trading volumes specified on the CMC,in fact, have no place in reality, so be careful.

And now there are coins on the market that rise even by 60% or have fallen by almost 50%. So day trading will be relevant at any time, another thing is that it is very difficult for a beginner to constantly analyze charts and choose the right moment.

day trading is a really hard thing. i believe that it is not for beginners (if you trade less than 2-3 years, you are still considered to be a beginner. because crypto market is a complicated and hard market) but if you are good and if you can spend enough time in front of computer, you can make good profits.

It is only valuable for people that understand what they do. Someone who is started yet with trading can not do day trading, instead it wil end in a loss for him.

Day trading today in the dead market has become almost impossible. No volumes, no buyers. I am very sad.  :(

what do u mean no volume no buyers? the market still have them. i think it is still good to do today
yes this is a dead market, but the volume is still high

The volume is there, but not the same as before. Maybe today in the market just the real volumes, and not dispersed as in 2017. What can I say there is almost no liquidity.

I also feel that way, at the end of last year I was very happy to trade the day after stepping on the turn of the year when bad things began to look unfriendly and there was a continuous decline in things that are suitable for making purchases and holding them for the long term

In my point of view firstly you have to learn about trading. Especially about day trading then you can start with $100-200 I think if you have much knowledge about day trading then you can do better daily. So focus on your experience and try to learn more then you will be a success on this point I think.

Trading is a thing a one should really consider if he/she has what it takes to handle the pressure and still make the right decisions when personal money/earnings are on the line. Often time people will execute their actions on emotions and not on facts and evidence when trading.

Today, due to the poor state of the cryptocurrency market, I practically doubt the good results of day trading. In any case, all of its assets should be left for long-term storage until the situation stabilizes.

When the market is red, you will invest.So now is the time.The new year will bring really nice gains.The market is starting to turn green.

I do not know how you survive trading every day. I tried probably 10 times. Still, I was beaten up by trading robots. Very nervous work is obtained. So I threw this lesson.

for me this market movement is not available for day trading due to the excessive price of all coins, even if bitcoin is low in price. so good to do now is to invest in podencial coins and just hold back and sell good market prices.

0x just moved opposite https://www.coingecko.com/en/coins/0x

It is true that in the last weeks the market has been very slow, but for you to have some profit, you should have a lot of experience, and enough money so that you can see a performance of at least 5% of each operation, and of course all this do with money that you do not need immediately

Sometimes i like to do day trading. But i have lost more than i have won. i actually hold my cryptocurrencies and i like to use lending option. Lending is safer than day trading

Day trading requires a good amount of capital in order to sustain short term losses while still be part of the trading game. But knowing what you do and how you do it effectively is the important part of day trading otherwise you might burn all your account balance.

If you choose more adepts to investment, you could get very much from daily trading, of course that if you invest only into one coin, your profit is very slow then. More coins, bigger income.

I'm not too intense with a lot of coins at the moment, a lot of my analysis ends with losses both from personal analysis and the signals that I follow. Too many floating coins make me unable to concentrate, this is because the downtrend is still common. But I try to keep looking for 1% profit every day. but not too aggressive with coins that are not yet familiar.

In my opinion, it is impossible to say a specific amount that will provide a stable daily earnings. It all depends on the situation and the specific situation.

First you must learn a lot about TA (technical analysis) and learn how to recognize carious indicators which will help you to predict the price and how will market act in short term future.

Also you have to react quickly to market changes, or maybe buy a bot to do the trading for you.

From 10,000 dollars and more, but this applies only to altcoins. Bitcoin makes sense to buy only for long-term investments.

Exactly you have point, it all depends on how much you are willingly to take risks in crypto. In day trading you are knowledgeable first to avoid lose. You have time to observe the swing price of coins since you will do day trading. Invest only on how much you can afford in trading.

do only a few coins that have the potential and enough capital, because if you only trade daily without doing further research it is a waste of time and does not provide profit.

Market growth is influenced by many factors, large amounts of investment are needed to get big profits and reduce the fee of exchange, I will see the situation ahead before investing a few coins.

That's is true day traders are use strategy buy and sell
But coins are not moving  slow need to monitor the volatile fluctuations
that the reason why traders advise to all newbies need to focus how to got profits
Quick selling of coins if they can look at the chart he got an earnings

but remember, not only buy and sell,,,
a professional day traders should have a knowledge about technical analysis my friend
so, they know when to buy and when to sell their assets,
even they must know, when they must sell their assets in lost  ;)

I do day trading once  a while. One thing needed is a fast internet connection other than techcal analysis. Its importan at you see the movements the as well to prevent losses. Fast hand and a fast connection is  when you trade while e coins are pumping.

Day trading is not an easy job but you can make make bunch of profit if you do it well and posses a good set of skills and strong analysis. Even in current bear market situation a lot of traders are making good profits and enjoying the ups and downs of prices really good benefit, maybe next year I'll jump to day trade and study everything to make some good cash daily.

Even from 100$ you can make nice amount of money. Just make trading plan and don't be greedy. Earn some experience. Forget about long-term. Always get out of position if it goes wrong way.
Learn more about psycho trainings - it will help you to solve problems with emotional condition when you lose.
Subscribe some nice sources to follow market situation.
Learn Money Management.
whaletank.trade

The end of this event can be very different, because many things can happen during the process, and you need to be very careful that no matter how not to make a mistake at some point.

It needs a lot of effort to do that. remember we always need TA and FA anytime to get the direction of the market. Trading is an activity that involving very high risk and it's just like a big risk activity. The result of your trade depends on the how volatility the coin is.

I think that today, in the poor state of the cryptocurrency market, day trading is irrelevant. There are so many risks and they are best avoided.

day trading can make you profit. you must have a strategy to do it right. and you must have strong guts too to buy and tio sell. weak hands is not allowed in daytrading and also weak heart. because adrenaline i s there.

I think day trading is an exhausting task because you need to be following the cryptomarket every single day and hour. It needs your time and endeavors. With day trading, you can always expand your crypto through the buy low sell high method.

Its a safer war since you're expecting the return, it might not be that bigger return but at least there's a return than nothing. Just be careful on whom you lend with.

Right, day trading is an activity, which often makes me stressful, tired, and easily emotional, especially when the price is stagnant. Although there were no people, which forced me to do day trading, however this activity seemed to force me not to go far from price indicators, analysis and market trends.

Day trading is not advised for people with no prior trading experience in markets, say stocks, futures or forex.

This cannot be true always even in this like you said fr example bear market. Things could get profitable with going in coinmarketcap. section for Gainers and Loosers and starting from there.