Bitcoin Forum

does it vary for different coins? I'm asking because if I want to day trade I want to make sure its doable. Someone told me it takes a long time to have a buy go through and a sell.

EDIT: Ive added this because it seems not everyone reads all the replies, I had posted two more posts to clarify. ill just throw it in here for now.

I should have clarified,

If I want to buy AT MARKET PRICE for example if LTC takes a dip and goes down to  $300 and I buy right when the dip starts to recover at $305 and it goes back to baseline of $350 and then SELL... in essence if I only bought one LTC I just made $45

$305LTC - $350LTC= $45USD

Thats why I asked about how long it takes to buy and sell LTC-BTC-ETH Usually the dips happen and they recover in a couple minutes. If I can't BUY at market price when it dips and then sell at market price when it recovers then my friend was right but I'm in the dark because i havent done it myself and IM RELYING ON ALL YOUR KNOWELDGE!! Which I appreciate immensely.. I love forums and have learned many different things for being part of a community and I know if I have info on something to share it as I did at the bottom of this post about coinbase USD transfers to gdax.

I am going to start with around $100-300usd and do some test buy/sells.. I've been studying the charts and I am pretty confident in my chart analysis.. I am a newbie with crypto but I have day traded (not much but i understand it) with my brother on the stock market.

I also learned through my own playing around on coinbase and GDAX that there is a work around to buy the price of crypto at market price instead of coinbases inflated price by using GDAX
1. transfers from coinbase of USD currency have no fees. therefore I can fund coinbase and transfer USD to GDAX instantaneously and get away from the inflated coinbase price. As far as what I read this seems possible but until my USD funds are in coinbase I will not know if it actually works if it does I will report back and make a thread about it so people can save money on their first purchase.

Im still not verified on poloniex and I studdied the graphs on there as well as the volume(pretty busy) I am verified on bittrexx BUT my issues with trading on bittrexx is there is no selling out of crypto into USD so i have to deal with an exchange fee to send to a different exchange that will let me sell from crypto to USD.  unless there is a exchange that has multiple coins(more then just btc-eth-ltc

I know poloniex has USDT but i cant transfer that out into my bank account??? im not sure if that is possible in poloniex? are there any that do allow bank transfers other then coinbase,GDAX(I wont dare use gemini)??


2nd RESPONSE:

just to respond to the remarks of me being a newbie. I buy and sell cars for a living and started literally with no money. you buy cars low and sell for more then your in it for. same thing with crypto exchanges and on the stock market exchange.

 Except I need to learn about the exchange rates for transfering from exchanges to an exchange that I can cash out to USD. BTW the fees for day trading on the stock market or way higher then any of the fees on the crypto exchanges So i really dont see the big fuss about the fees. However, Im using microeconomics to do my best to keep my fees for trading coins and transferring to exchanges and out to USD to a minimum.

 I need to figure out the fees for trading crypto coins say for example using LTC to buy XRP an then when I made the profit i want to XRP to LTC or whatever coin i want to trade it into. thats the part I definately need to figure out. starting out im probably gonna stick with the 3 big ones ltc-eth ad btc and watch for dips and sell on the recover.

the crypto exchanges are more lucrative because its barely regulated and I know it will be regulated in the future at some point because crypto is getting major talk right now, and I've watched  the whales doing their manipulation. Wink

 I could have bought BTC at $16 a couple years ago so believe me I was pretty annoyed but it is what it is, Im not gonna cry over it.

It all depends on how much you want to earn %. Remember one rule: do not be greedy better three to five percent than zero.

Time taken for a buy/sell mainly depends on the token involved and the price. With exchanges bringing in sophisticated interfaces for faster trades, only a few have short delays in updating orders. Other than this, depending upon the price of the buy/sell order, you should be fine with your day trading activity.

There are two kinds of trading :
1. You trade your cryptocurrencies directly and each coin of the exchanging pair has to be transferred. Such trading can be made for example on shapeshift or changelly. You send your coin, you want to exchange to a wallet of the exchanger and get the coin transferred to your wallet. This kind of trading is not suited for daytraders and is very expensive, because you must pay each time the transfer fee and the transfer time is generally too long for day traders.
2. You register at an exchanger and place your funds to a wallet of the exchanger. Exchangers are for example Bitfinex, Livecoin, Bitfinex, Cryptopia and Poloniex. There you can trade instant,' if the prices of your buy/sell orders meet the bids/asks. The trading pairs needn't to be transferred, because the funds are virtually transfered on the exchanger.

You need to study first how the basic of trading works. If you will engage to it without knowing the basics then there is a big chance that you will just lost all your investments funds.

Day trading is very risky for a newbie like you because of high volatility in the market. Trader can say when to sell or buy using their own strategy in a different indicators. Better to learn it before you start focusing on making double your money.

Before start to buy/ sell you must know take profit and stop loss for your strategy, if you don't have it please don't try take position. Day trade have short distance ( range ) about take profit and stop loss, but some times trader want more and that's why they loss. This is day trader not week/ month/ year ( long ) trader, it's not same at all. Mostly, day trader will close their position in 1 - 2 day even win or loss. Just like that and good luck to you.

On each coin will be in its own way. So it all depends on the entry point. Sometimes between buying and selling can take just a few minutes, and sometimes a few hours, or even a day.

It depends on how much you would like to sell.  If you are selling that high, then it takes time for it to occur. And if you are buying, at a low price, then you will suffer by that. It will take time.

Why are you asking this? The process is instantly, just take a look over the exchanges, and make a trade, you will see that it is instant because on the major exchanges there is a huge volume everyday.

Now if you go to a weird exchange, your trade will be processed slowly, because probably no one is going to buy/sell your alts in there.

That is why a lot of people are just using bittrex/cryptopia/poloniex, because they have a lot of volume compared to the other exchanges.

if you mean something like placing an order under market price for buy and above it for sell, and waiting for that to be filled then there is no singular answer for it because it depends on a lot of factors.

first is the stability of what you are planning on trading. and that changes with time too. sometimes there is not much movement and depending on how deep your orders are, it can take forever for them to be filled.

second is the liquidity of that coin. some altcoins are too small, and if you place a big sell order in one of them, it will never be filled and you may even cause a drop with your "sell wall" :D

and finally the exchange you are using. some of them have less users and less liquidity specially in some specific markets for less known altcoins. obviously you will have issue getting your orders filled.

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It depends actually, although if you are placing an order for buy or sell then sometimes it does take some time. But if you just buy on the current price it is of value then it is easy peasy; same goes with the sell order as well if you are selling your coin on the recent price it is currently selling then it'll just sell almost in an instant.

It only takes an instant especially if you chase the price up or down. You could wait for the price to hit your buy/sell order, but we'll never know how long that'll happen.

If you are talking about buying/selling any coin during daily price swing than yes you might have to wait for price to go up so that your sell order can be executed. Also if you are talking about arbitrage trading between two exchanges than you have to wait for few hours to get your deposits/withdrawals confirmed as well as you have to pay certain fees during this process.

Very unknown, indeed, as it depends on a certain situation. If you bought a month ago, you would sell it now, like, 2.5 times more expensive. But there is often a huge volatility within even one day. Watch the market and don't forget about withdrawal costs.

I never tried to trade before but I am really willing to know more about it and there are two things I know about trading and it's either you win or lose. Most of the successful traders called it a game because there is a possibility that you win for earning too much money and losing all your money. One thing is for sure, all of them experience losing in order to be a successful trader. It will be a long time to buy and sell for those who doesn't have enough patience.

In trading, there is usually no prediction as to when there will be an increase. It all depends on the market and the coin involved.
The length of time to hold depends on when you see the desired % of profit. It could be in weeks or days or can take longer.

If you are trading on one exchange then trade will depend on price you set compared to current price. If you are using arbitrage between exchange sites you will have to wait for confirmations on blockchain. This can take time and prices may move during such exchange.

Answering the how long does it take, there's no specific nor accurate range, it all depends on the situation. Yes, it varies for every coin, also in the volume and market activity, price, and percentage of profit you want. If you're really new into this, I suggest you to practice first (maybe in a demo account) just to know how it works and what to consider. Every day scenario will most likely be different, it's not always a win win situation for day traders.

No, you got the wrong information. some traders buy and sell bitcoin every two to three days. you can even buy bitcoin in the morning and sell later in the afternoon when you make your desired profit.

Right, I got info from a friend who said the buy and sells arent instantaneous...

I should have clarified,

If I want to buy AT MARKET PRICE for example if LTC takes a dip and goes down to  $300 and I buy right when the dip starts to recover at $305 and it goes back to baseline of $350 and then SELL... in essence if I only bought one LTC I just made $45

$305LTC - $350LTC= $45USD

Thats why I asked about how long it takes to buy and sell LTC-BTC-ETH Usually the dips happen and they recover in a couple minutes. If I can't BUY at market price when it dips and then sell at market price when it recovers then my friend was right but I'm in the dark because i havent done it myself and IM RELYING ON ALL YOUR KNOWELDGE!! Which I appreciate immensely.. I love forums and have learned many different things for being part of a community and I know if I have info on something to share it as I did at the bottom of this post about coinbase USD transfers to gdax.

I am going to start with around $100-300usd and do some test buy/sells.. I've been studying the charts and I am pretty confident in my chart analysis.. I am a newbie with crypto but I have day traded (not much but i understand it) with my brother on the stock market.

I also learned through my own playing around on coinbase and GDAX that there is a work around to buy the price of crypto at market price instead of coinbases inflated price by using GDAX
1. transfers from coinbase of USD currency have no fees. therefore I can fund coinbase and transfer USD to GDAX instantaneously and get away from the inflated coinbase price. As far as what I read this seems possible but until my USD funds are in coinbase I will not know if it actually works if it does I will report back and make a thread about it so people can save money on their first purchase.

Im still not verified on poloniex and I studdied the graphs on there as well as the volume(pretty busy) I am verified on bittrexx BUT my issues with trading on bittrexx is there is no selling out of crypto into USD so i have to deal with an exchange fee to send to a different exchange that will let me sell from crypto to USD.  unless there is a exchange that has multiple coins(more then just btc-eth-ltc

I know poloniex has USDT but i cant transfer that out into my bank account??? im not sure if that is possible in poloniex? are there any that do allow bank transfers other then coinbase,GDAX(I wont dare use gemini)??

just to respond to the remarks of me being a newbie. I buy and sell cars for a living and started literally with no money. you buy cars low and sell for more then your in it for. same thing with crypto exchanges and on the stock market exchange.

 Except I need to learn about the exchange rates for transfering from exchanges to an exchange that I can cash out to USD. BTW the fees for day trading on the stock market or way higher then any of the fees on the crypto exchanges So i really dont see the big fuss about the fees. However, Im using microeconomics to do my best to keep my fees for trading coins and transferring to exchanges and out to USD to a minimum.

 I need to figure out the fees for trading crypto coins say for example using LTC to buy XRP an then when I made the profit i want to XRP to LTC or whatever coin i want to trade it into. thats the part I definately need to figure out. starting out im probably gonna stick with the 3 big ones ltc-eth ad btc and watch for dips and sell on the recover.

the crypto exchanges are more lucrative because its barely regulated and I know it will be regulated in the future at some point because crypto is getting major talk right now, and I've watched  the whales doing their manipulation. ;)

 I could have bought BTC at $16 a couple years ago so believe me I was pretty annoyed but it is what it is, Im not gonna cry over it.

the time frame for buying and selling an erratic coin is because the coin prices are very volatile and hard to predict, but I think that 2-3 months is a very good time to make a sale because the coin price will go up.

Buy and sell it’s means Trading if someone want to trade they must coin buy and sell for a short time and long time system. Number one is short time system if you want to daily income you can do daily trading that means short time trading or if you want to slow income but big amount so you must hold coin and some year later you can got a huge money.

Well, i dont understand what are you trying to say. Do you mean to make the order taken in the market or just put sell or buy limit?
If you mean is amking your order taken in the market it is depending in the market run. Fast run is faster filled. But if buy or sell with recent price, you order will be filled in just few seconds.
But if you mean just put the sell or buy order, it is just take a minutes.

hmm, I noticed people reply without reading the entire thread? i had posted 2 additional post on the 2nd page to clarify.. Im guessing i may need to edit my first post?

its depens coins as well as well as  how much profit you want to earn.if you sell it with less profit it will sell faster than others.in addition,you need to select the right coin to trade.

There are many factors involved here, just like availability or you can say supply and demand of those coins into the market, where you are trading whether the exchange is having the necessary volume of stock or not. Otherwise, nowadays it's an easy job in the digital world to buy or sell the coin, but make sure that you are picking a good and valuable coin whose transactions are transparent and it can digest some big volume of order flow. so it depends on the coin and the exchange for the time period taken to make buy and sell decisions.

You can buy it if it is a lot if it decreases and if you increase your sales immediately everything is bigger for your profit. so you do not have to repent later. ::)

You’re able to buy and sell via Coinbase quickly. When you buy you lock in the price, even though you might not have access to the currency, yet. This can take up to a week. When you sell, you also lock in the price, but you may have to wait a few days until the monies are passed into your bank account. Coinbase under promises and over delivers.

There are one-on-one ways to buy, sell, and transfer. With this, your mileage will vary depending on your own skills, abilities, and know-how. Even though there is a fee, I’d stick to Coinbase for most of my transactions. Gemini and Kraken are also great networks, and good for alt coins.

This is all depend on on you of how much you like to get a profit. Because you will observe for a moment the flow of value of the token you bought just an example if you bought some coins. So the longevity of waiting is all depend on your decision mate.

it depends on all you want it can be, because in cryptocurrency that all decisions are held by themselves.

if I trade every day and targets a profit of 10%, if it is profitable 10% in 10 minutes then it is finished and tomorrow in the next kan it again.

Yes it is all about the one who is trading if the person is willing to trade for the long term then will earn accordingly and they one who is willing to trade for the day then will earn day wise so taking your decision is the most important step so better if you choose the right time and the right step for it, most of people use to buy at low and hold for long term then trade long ago so it gives then huge profit.

It'll just take a second when you're selling or buying a coin if you'll follow the order of people who've set it. But it's always good to buy cheap and to sell high of course.

In the Bitcoins we don't have exact time,day,month and year for the proper time to buy and sell but you need to br watchful everyday, everytime because sometimes like a air will spread once , so the value of coins will going up and going down, if your investment of coins is enough to sell then go ahead, if the value will so high that's your time to sell it . and when the time to buy, if the value of coins is very low so its time to invest, time to buy. take courage to do whatever you are thinking to do.

I think it depends. If you are a day trader, you will sell your coin when you see a level of profit. If you are the long term investment, you just follow your strategy. So, there is no exact answer for your question.

yes you are right, the profit you will earn will be always depending on the season because supply and demand will always be depending on the investors who are affecting the prices in the market just the same as your profit.

You can see that the market has been fluctuating continuously over the years and it is hard to predict, so it is very difficult to trade successfully at this time. Last bitcoin has been falling sharply, and according to my analysis, bitcoin prices will probably fall sharply higher than women's and can cost $ 6,000. So you should only trade short term by day.

Its time to buy when the price is in low price and you can sell it if your satisfied enough with the profit that is made.. Be conteneted in what you earned or else you will lost your coins..

Here you can not give any unequivocal answer or advice. It all depends on how much you want to earn. In most cases, traders give no more than 3-4 hours a day to trade.

To buy and sell token depends on the token how price go fast  up and down.You have to monitor your coins so that You will profit upon you trade. You can't have profit if you dont monitor your token. 

Yeah no one know who much time it needs to give as some use to spend a few hours and some use to spend even the whole day, we should only spend our time that satisfies us about our earning, I think we should buy when the price will be almost lowest and sell after waiting to make to good profit almost 3 or 4 years, because trading for day is not a good choice to earn good money.

It depends to the situation but buy when the value of it is in the low price to be affordable to your budget and at the same time sell it when the value of it,
in the market is in high amount to be profitable.

This will all depends on the frequency of the valuation which will flactuates in that time, I guess. We all are aware of this fact that bitcoin is a sustainable crypto currency and it has proved its worth even and then it is very volatile also and because of its votality its valuation keeps on flactuation. So the time when you will buy and sell your bitcoins is very difficult to define because nobody exactly knows when the valuation is going to inflate and deflate and obviously one would sell his bitcoin only when the valuation is high so it’s very difficult to predict what is the time between buy and selling of bitcoin.

It is sustainable but to an extent compared against other cyrtos. But in most of the cases, people aren’t getting this fact that bitcoin is profitable for them. They usually argument that why a thing that isn’t be seen and which is so versatile and volatile, can become a source of much bigger profit ratios. This thing need to be understood that nothing is better than bitcoin.

You need to study first how the basic of trading works

Please message me. I will help you make money the easiest way. very easy

i think for take to make a buy and sell using TA analysis to ensure the target buy and sell and if the problem how long it is relatively difficult to guess because the street charts sometimes quickly and slowly and for 10% of the daily may be due to the relative market movement of 3% -10% per day
if using fundamental analysis I buy by rumor and sell by news

If it is held for more than 6 months it is very good, enough time for a coin to grow.

I can not predict, and what I do is buy when prices fall or low and wait for prices to go back up and I sell.
but I'm still waiting for the right time or waiting for a very high price to make a big profit.

Foe my strategy on buying and selling system. If I have a money in my wallet specifically USD or BTC I buy coins and token that has a potential of price increasing. Also, I sell my coins and tokens that haven't now the chance to increase. I sell coins base on my instinct and research base to not regret at the end of trading and selling. After I sell the coins or tokens I will also buy coins and tokens that has potential increase of course.