Bitcoin Forum

I like doing bitcoin trading to earn money  ;D

Day trading has close to 100% failure rate.

He did not seem to have the dealer is playing games I think ;)

I would not say 100 percent.  Make informed decisions, and most of all don't go all in to one coin.   And keep some in BTC and well known Scrypt coins.   There is great profit to be had on alt coins but don't just throw money at it and assume instant profit.  And do it slow learn and don't just jump in with all your coins at once.

People who rush into day trading are usually the impatient type. Most will not survive the first year while the learning curve is well longer than a year.

When being patient and doing a lot of research before buying, and keeping your emotions out of your trading, it really isn't that hard.
If you never sell below the price you bought at, and keep your eyes open to sell on pumps, profits are to be expected. That is if you are modest and consider 10% profits as good; many seem relunctant to sell under 100%.

good for you, dear "2 posts" user  :)

lol, It's not true, I know so many day traders who earn too much with day trading. Day trading is just more risky then trading for long time.

good luck. Always use stoploss in trading.

have you made good profit with day trading? i feel like its super impossible to scalp.

look up pareto. it's likely more like 80%/20%. i day trade and overall am very much up in both $ and BTC. but only a small % gets day traded -- mostly trade longer time frame.

that's a risky job
prepare your mental and good luck, hope you make nice profit from it ;D

Trading is a risky game, so you shouldn't put in more than you can afford to lose. Good luck. ;D

It is a good decision. I appreciate it. If you are experience on BTC trading, then you can easily make good amount of profit from BTC trading.

Me too. I'm up overall, but got burned on a few trades and took a while to recover. :-\

it's easier said than done. i suggest doing some research into different forms of TA, charting patterns, commonly used indicators before jumping into the fray.

TA only works if the masses buy/sell BTC based on those trends.  If you try to do trend analysis on the path of chickens in a chicken coop you get nowhere.  Most of the small traders probably aren't looking at the charts that closely to even know what a MACD is.

People say TA is a "self-fulfilling prophecy", but I tend to disagree. And obviously, this could not be proven in any way. To me, patterns and indicators are more so a visual representation of the collective psychology among market participants. So, for example, a double top is very much a visual translation of buyers' hesitation to cross such resistance. Hence, a bearish sign.

I like gambling to earn money

The sad thing is that I don't always earn money :(

What is your definition of gambling? I wouldn't waste money against a house edge on things like dice. But some people consider poker gambling -- but, at least at my stakes, I know that I have an edge in it. So I don't consider it to be gambling in the same way as dice.

Both are gambling anyway. While some get millionaire playing poker(or at least get a good excuse to laundry money saying it was poker winnings), others lose everything and go Bankruptcy or get killed by the local gangster by gambling debts.


More or less like trading(you can guess near what the majority comes).

See, that's what I'm getting at. You can be a fish and lose everything. But that doesn't speak to the skills of a winning poker player. I've pulled enough profits out and played enough to statistically know I'm definitely not a losing player.

Aren't all those sports betting, dice, poker gambling, though some are luck-based and some are skill-based?

Sure, they are all gambling. It's betting probabilities. I just think there is a distinction to be made between luck-based and skill-based gambling. I, for one, don't touch the former. But poker, I'm down with.

Poker, dice, sports betting -- I like it all! It's all gambling in my book. :)

Nah, he has just made 1 post (this one) to brag about his trading profit. :)

It's the age old quote; "Greed rules us all"

Day trading is a bit risky in my opinion.

I like to work in McDonalds to buy BTC

yes I used to play like the first time trade week is the BTC 0:01 capital can be 0.1 BTC.

but the more I come here often loss due to waste coin

ya right increasingly at risk because many new coins and coin sometimes it quickly dies.
and due to the impact of stellar coin, coin coin others so degenerate

Me too but i quit i was addicted and had no sleep anymore.

day trading does not have close to a 100% failure rate... theres no way you can actually  calculate something like that.

anyways, its very easy, but some coins for a low price and hold for a few hours, see if th eprice goes up 1% and sell. the transaction fee is only .2% so if u make 1% trades throughout the day and get like 4 or 5 done u made 5% that day.

just be patient.

Trading haters cant just say its the same as gambling, if you know what you are doing you have more % of success, of course there is big luck involved.

yes i also like trading, but somehow now I loss continues
Because many new coins which ended scam
for me it was risky job, you have to prepare mentally and good luck

I also want to make money through Bitcoin trading. I also thinking about BTC mining. As a new member i am not so sure what would be best and secure for me. So what should i do now?

Trading is risky, and you should try trading with a little bit of bitcoin first.
For bitcoin mining, you should use a calculator to check the expected profit under your electricity costs.

I like trading fiat money for real money.  ;)

It is true that trading is the best way to make money from Bitcoin. But you need to be experienced on it. If you are a new comer then i will suggest you to spend more time on this forum.

I lost 0.15 BTC in Mazacoin back in the day  ::)

Of course who doesn't like making money,but if you have more patience you could make decent cash over time just by holding it.

It is risky if you a) are unskilled in trading, b) are not rigorous with your analysis and c) do not practice good risk management. Most people blow up their accounts because of the third reason.

Exactly, this is what happens to newbies in trading. There is a lot of panic selling which whales take advantage of  :) Knowing when to buy and sell is the hardest part of trading

more than the trading, i would like to hold btc in some cold offline wallet and cash them after few years. Bitcoin's future is pretty bright in my opinion.

Bitcoin trading can work if you know what you are doing. The only problem with bitcoin trading is it's not exactly 100% safe and if you are unsure of what you are doing you can fall victim to problems. If you can earn money trading then that's great :)

I like it too, i need fiat tho  ::)

I know of people who had made quite a few coins day trading.

Not for everyone, and yes the percentage of failure is high.

But BTC follows the same rules as the market, if not even closer and to the nearest cent.