Bitcoin Forum

Current price for top 20 coins are decreasingly a lot. Before doing crypto currency, I understand that there is the way to get the profit whatever market is up or down. What the current situation is price for bitcoin or altcoin are up for a bit only. Then, it is down for too much.

I feet that trading is more from auto bot. They block the way. Then, it is disappeared. Also share with us what is your safer way for day trading? Are you looking at 30 minutes or 1 hour chart before you start the trading? Is there any way to know that which coin is more stable for day trading? Thank you.

In these days  day trading is to risky.All depends on king BTC.If we think to day trade we must select a coin that have good volume,good team and good community  :)

In this market crash, all altcoin was dumped hard and only BTC look stay strong.  To make profit in this situation of market will be more difficult because we dont know where is the bottom.  For the better wait more longer to predict better where is the deepest price. But if you want to trade,  is better trade only BTC because in the market now dominance by BTC more than 50% that mean many trader sell altcoin for BTC.

To find out which coins are stable in my opinion is enough to see the fluctuations in the market of each coin. Stable coins have small fluctuations and do not fluctuate greatly. But sometimes the fluctuations can go down, so it's better to look for those who tend to rise. Before starting trading it is better to see the market to find out the fluctuating conditions of the coin so that it can determine which coin is better to use in trading.

If we consider altcoin to bitcoin, then it is important to compare the graphs. And to understand how it correlates with the main asset - the BTS. Since most altcoins in the bitcoin strait fall with it. And here it is important to find the coin that reacts least to the drop of bitcoin.

I normally refer to 99Bitcoin apps when I need to see the price movement in the market. It is listed in there the top 100 coins. These prices are closely correlated with coinmarketcap so there are no big differences in terms of value. Yes, I agree with one of our mates here saying that at least for now, BTC remains stable in the market. So I guess, the best coin now is bitcoin.

Well I considered bot as one of the main problems during the last crashed. I mean when traders uses it and leave it overnight and set up their parameters, so bots can manipulate the price and by placing orders which accounted for the most shorts or day trading. As for your questions regarding which coins is stable for day trading, I doubt you will find one, perhaps you can go to https://coinmarketcap.com/gainers-losers/ and see which coins are currently hot and being pump, and if you want to join them its your choice.

Volume is your key. Trade coins that have at least 100+ BTC trading volume. They'll be more "stable".

In terms of searching for "good buys", I use fib retracement over the 1 day or 8 hours. Finding coins that are good for the long term, as well as the short term, will lead to the most success. I also look for social news and new exchange listings before buying new alt coins. I use the 1-2 hours RSI for swing trades. Sometimes shorter if the volume is higher.

Bitcoin is the most stable coin for day trading. All coins base on it. Of course you need more money than usual to get more profits from bitcoin. And you should protect your wallet.

It would be hard to tell how to choose a coin for the day trade because most of the crypto currencies are behaving in the same fashion these days and thus choosing a one with good profit window over short period of time (i.e 30 min to hours etc) is very much difficult. Spotting the difference like that I believe one should start looking after the coins which are above Top 50. or 100 but are having good trade volumes for the 24 hours. Know why?? Because these are the coins which are not really getting affected with the movement of rest of the market. They are cheap and somehow they are getting spiked very nicely in short terms. May be these coins can be used for the purpose.

So far in trading, their is nothing like stable coins in my opinion. Day trading is very risky and you need to trade coins that have volume. This is what I think you wanted to say because every coin is highly volatile

Day trading in the bearish market is too dangerous. I don't think any experienced trader would do it anyway. I suggest you still want to day trade I think the best coin is only Bitcoin right now Since all the cryptocurrencies dictate Bitcoin market, and BTC has the highest market cap.

If you see percentage of total market capitalization(dominance) at coinmarketcap bitcoin now have 56.63%. I think if you want trade you should buy bitcoin because many investor now change their alt to bitcoin. This mean if the price bitcoin go up altcoin will be down but if bitcoin down alt will be dump and if bitcoin sideways maybe altcoin will be correction up or down. So if i want to trade i will choose bitcoin. But it is too risk if you want to day trader now.

The safest way = the least profitable way. If you are looking for less risky profits, then crypto market is not a suitable place, you can get caught up in more stable and less dangerous investment.[1]
The least dangerous currencies are those that have real projects "not top 10 market cap" and are not bump/dump shitcoins.
You can choose any one of these crypto "that have real project", check the good news about it "hardfork, accepted, added to platform,..etc "and then invest the amount you can afford to lose.
If you want a stable coin and high return, HODL bitcoin.

[1] https://www.moneycrashers.com/safest-investments-for-your-money/

You can try any strategy you want but all will fail in this situation. Even you have the best bot to run your strategy it will make you lost asset in short time. See the market condition right now, do you see any opportunity there?. At this time stop enter the market and come back again next year for your own good.

Ethereum is very stable. It is vary stable at going down these days.
To be honest, I wouldn't risk day-trading on a falling market. It's a dead case.

Yes. I have bought the ethereum. Price is significantly down and it is only worth for 30% of my original price. I am still finding which is the best way to do it. :’(

Thanks for the suggestion friend! 👍👍
Whatever price is up or down, I notice that it is manipulated by auto bot. I believe that our human will not drug down the market price to lowest level. Correct me if I am wrong? 🤔🤔

Although we do have articles regarding bots in crypto trading, the first thing we say to our readers is that investor should handle bots - not bots them. They are merely a tool for automating processes that would take too long if done manually. As for day trading coins, many can work out for you - if you know how to day trade, that is. Thus, we would advise to first really educate yourself about day trading using youtube videos and free educational sites from both independent sources (https://www.cryptocointrade.com/education/) and from trading platforms themselves.
Bitcoin and altcoin market is very volatile and all coins behave similarly as well. You will hardly find a single cryptocurrency that is constantly stable for long periods of time.

Yes. Day trading is so risky. Thanks for the comment.

If am to say, their is no stable coin in cryptocurrency. Every coin has its ups and downs in price. You can day trade a coin based on its fundamental and volume. Etherum and bitcoin falls into this category

Have actually slowed down on day trade, I chose good seasons to make the profit, particularly I look at the even the 1minute chart to help determine the lowest timing direction of the market, but in most part of the day, I use trade with 30M and 1Hr chart

I wouldn't try day trading at this bearish times. The risk of losing more than the chances of earning. I wouldn't even move my Bitcoins until I see positive news from reputable sites because moving your Bitcoins from one exchange to another to invest in other coins will cost you transaction fees and other charges.

When we do talk about timeframes then it would depend on your time and way of trading because when i do make short i do usually check 5 mins,15mins,1 day TF searching up for good entry using up some technical tools.
Talking about stable then it wont really become stable no matter what and theres no such word about safe when it comes to trading or investing.You should ready or prepare yourself on what would be the possible market conditions ahead since this had always been part of the risk.

All crypto in high fluctuacion except USDT, TUSD and DAI. To make profit from crypto is more important to understanding the price action and the trend of the market. If the trend of the market is down  is better stop a while doing trading and wait patiently for bull market because when bear market the probability is very small to get profit and bigger possibility we will loss.

I don't think there is a coin that is very stable at the moment there are lots of coins that have movements that cannot be predicted and you must be able to dare to try to buy a number of coins that are like bitcoin ethereum or litecoin.

If you ask me i will suggest to not go for only day trading. BTC value fluctuate alot and with that altcoins move up/down within no time. If BTC move up 5% alt move like 8-10% and same for down trend.

first i choose a good coin for daily trading, i also see the volatility and the level of the coin volune to get daily profit, i also always calculate the market tax cost so to choose coins and get profit every day it is not easy,

 Check on coinmarketcap mate if you're planning to make day trading. But i suggest to pick the specific coin which will give you profits , 'cause on this circumstance it's so difficult to trust on a coin especially if the history of coins is not good.  So be careful choosing a coin make a technical analysis always to avoid such issues.

I think there's no safe coin to trade for day trading, even the strongest coin like btc got a pretty big swing, the coin for day trading depends on the trend, there is no specific coin, the most stable coin I know is usdt, but I don't think the coin is suitable for day trade, for day trade people usually used 1 hour time frame, it is more predictable

As for me, the main element of successful day trading is not the most stable coin, but skills and understanding of the market trend. Trading without appropriate knowledge is a risky business. In this case, for some people it’s even better to just hold crypto. But if I would choose the coin for holding it would be bitcoin. In spite of the volatility, it is a leader in terms of popularity and durability in the market.

The day traders are never expecting stable crypto because most of the investors are waiting for the unstable situation so this is the right time for crypto investment. Majority of the peoples are expecting every day profit so this time we will choose easily in crypto. But we should choose cheap altcoin because highly competitive coins are unexpected to moving forward and backward so we will pick carefully in good coin.

Try trading at USDT, if you always see USDT prices are very stable. The price of USTD is only as stable as $ 1 and decreases if it decreases or rises only slightly. However, if you don't dare to take risks and you trade only in a safe zone, I guess trading cryptocurrency is not for you.

One thing daytraders absolutely do NOT want is stability in the prices, that would put them out of business. The volatility is where they make money, it's alot harder to make profit during slow times with low volatility.

I wouldn't recommend starting with daytrading, if you don't know what you're doing it will punish you and teach you a lesson real quick. It's alot harder than people think and many of the ex-forex traders have migrated away from it to longer timeframe trading.

Hey bro you should maybe start ready a book on technical analysis and read about forex trading. Look at the news, and create your own stategies ! You don't need bots to start

Firstly, day trading is not one aspect of trading you want to be tampering with without much experience when the market is bearish as the possibility to see the market move down faster is much more than for it to go up faster which is what makes it different from the bull trend as in this case, it would be the other way round.

I prefer to day trade when the market is in an uptrend, considering that is a whole lot safer. You cannot know if any coin is preferable and good enough for day trading and all you can just do is to know what you are doing and get a coin you feel works with your strategy and you are comfortable with.

Unless for someone is looking to day trade USDT/USD which to me does not sound reasonable and it is a whole lot not worth it, considering the movement cannot even be substantial to get any serious profit from it.

However, day trading a coin should depend on each individual as they will always get to understand the market they are trading, how they are going about it and how they are as well minimizing risk. No trade with a potential profit will end up not having its risk and all this has to fashion out.

The best answer to this question is the answer to the research. Since every recommendation made is not reliable, I am advocating that the best method to be applied is to do research and that preference should be made depending on the results of these studies. In addition, you will have an idea not only for your short-term investments but also for your long-term investments. If we need to talk about the points to be considered while researching, we can list details such as project technology, project team, project usage areas and the transaction volume of the selected crypto money. If I would like to give advice on my own research, I can easily specify options such as Ethereum, NEO, Qtum for daily trading.

We have unpredictable market and yet we are still on the decline trend. It's really hard to find those coins but if you want to be in trading, you better choose among the Top coins in the market.  Even though  it won't have a stable price but it surely make you profitable and less chances of losing.

If you're into day trading, better to look for coins fluctuates sharply. Buy the bottom and then wait for gains before selling. Look for the top 20 coins in the market.

Hmm I don't day trade but I suppose that a volatility is good for trading (more opportunities to profit from), so I didnt get why do you want it...