What position do you want to take in this bitcoin play?
Do you want to be a long time investor, a daytrader or both?
I can's give you advice in this because I can't predict what's going to happen. I can only speculate.

Only thing I can say is what I believe in.
There are a lot of altcoin that are 'anymous' compared to bitcoin or ethereum. Keep an eye on your exchange's new listings for example.

Do you invest in Bitcoin or in Altcoins?

Ik denk dat het al heel snel viraal is gegaan. Ik kan me nog herinneren dat ik videotjes op facebook zag van mensen die aangaven van de een op de andere dag zoveel geld hebben verdiend en dat het alleen maar meer werd. Van mond op mond, bericht tot bericht. Populariteit van de blockchain idee, geen tussenkomende bank meer. Ico's (toekomstige nieuwe coins) en natuurlijk de makkelijkheid van de toegang krijgen tot een tradeplatform.
Blijkbaar is dit iets wat een groot aantal mensen echt wil doen, en nu daar de mogelijkheid voor is, word hier flink gebruik van gemaakt.

Hello,

The world of stock market is not only Wallstreet, Forex etc anymore.
Crypto currencies can give huge profits because the market is much more volatile than the traditional stock markets.

In option to choose the timeframe while trading is very useful. Especially when used with stochastic rsi and the right timeframe-setting. Bollanger band can also be a handy tool added as an extra overview of price calculation.
There is not 1 time frame that works on every coin with the same profit result. The results are also dependent on the market trends while trading.

When you match the stochastic rsi with the right timeframe it is very easy to see when to buy and when to sell. You have to experiment with the right timeframe to see what settings work best.

How to know what settings to use?
I'd say, look at the most recent past of the stochastic rsi movements and think is terms of probability. If you see that with a certain setting the rsi movements match the lows and highs 90%, you have a 90% probability of succes in your trade. 

Work with percentages.
You have to be in control of your trade, not the other way around.
Set a stop-loss at the a centain percentage you want at its minimum value.
Set the stop loss higher if the price reaches higher than you expected. Keep adjusting the stop loss as the coin grows higher when there is an uptrend peak so you can go for the maximum.

Use the following tools to calculate percentages.
For example, a currency is 0,0863, how much is an added 5% of this?

Percentage calculators >
1: http://www.percentagecalculator.co/Add-Subtract-Percentage.html
2: https://percentagecalculator.net

Make a schedule and calculate your growth, be in control.
If you start with (...) dollar, how much will this be if I have 35 winning trades?

Here's the tool to calculate easy.
https://www.miniwebtool.com/compound-growth-calculator/?n1=10&n2=1&n3=3&n4=
Explanation tool:
- Initial value: your trading budget
- number of periods: the number of trades you want to calculate.
- compound growth rate: The percentage you want are aiming for with each trade.


I experimented with the stochastic rsi and looked at the past, and if you look long enough you'll find a coin on which you can apply the above perfectly and sometimes have over 20% a trade,  a trade that takes maybe a couple of hours or maybe 1 day.

If the timeframe is set more than 1- 2-, and 5 minute the reliability is bigger.

What do you think about this, what do you do and how much do you profit from it in terms of %?

Hebzucht, controle, angst, onwetendheid, ongeduld, doen wat een ander zegt, stress

Hebzucht:
-mensen willen meer, meer, meer. Als ze minder, minder, minder hebben dan is er paniek en als er uitgecashed word dan is er inderdaad minder. Alleen al t idee dat er minder is (wat niet zo is tot je uitcasht)  creëert al wanhoop. Rare dingen worden gedaan tijdens wanhoop.

Controle:
- banken, instituties, regeringen die communistisch van aard zijn zien de cryptomarkt als een bedreiging en zullen er alles aan doen om crypto’s te boycotten op alle mogelijke manieren waaronder nieuwsverspreiding.

Angst:
- oh nee de prijs daalt. Iedereen hoort dit van elkaar en steekt elkaar hiemee aan. Ook angst door wat op het nieuws verteld word, want wat op het nieuws verteld word, dat is immers waar, toch? Ook als t nieuws n mening of speculatie weergeeft van 1 persoon. Als t op t nieuws is dan ‘zal t wel waar zijn’

Onwetendheid:
- t meerendeel (bijna iedereen) van de crypto traders- en investeerders hebben geen jarenlange ervaring in het trade-currency gebied en hebben er de ballen verstand van. Dit is wel te zien als je de marktwaardes bekijkt. Dit verklaart ook de volatiliteit. Dit is perfect om op in te spelen, maar vermoeiend als je verkoopvedrag ziet met angst als hoofdoorzaak.

Ongeduld
- helpt, prijzen zakken nu al een maand en stijgen niet!! Een beetje geduld zou gewenst zijn. Geduld is een schone zaak. Wat is een maand? Stelt niks voor. Maar als je elke dag met je neus voor t scherm gaat hangen hooend dat de prijs weer gestegen is.. gaat dat je niet helpen.

Doen wat een ander zegt:
- ‘t ziet er niet positief uit, ik verkoop alles en stap er uit’. De gemiddelde leek hoeft dit maar van 5 verschillende bronnen te horen en kan ook zo gaan denken.

Stresz:
- bekijk de fora, bekijk eens goed en luister eens goed wat er om je heen besproken word als t om crypto’s gaat.
Paniek! Stress.

Bezighouden met crypto’s is niet voor iedereen weggelegd. Er zijn veel te veel mensen ingestapt die beinvloed zijn door bovenstaande punten. Zij bepalen mede de stijging en of daling van de crypto currencies.

Het goede nieuws is dat als de boel weer stijgt, dat deze zelfde soort mensen die uitgestapt zijn weer instappen en we weer kunnen meeliften op het succes van de crypto’s.

Zoals ik het zie:
Crypto hoor je te zien als een spel. Dit spel kan je winnen of verliezen. Kan jij tegen je verlies?

Hello,

I read several articles that say that Bitcoin Futures was the reason bitcoin went skyrocket.
31st of January was a Bitcoin futures trading. Here's the link. The trade of 31st january is not on this website anymore because it's already over.

http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_product_calendar_futures.html

I heard several stories of Big Guys (whales) that make a bet on these Futures-tradings.
They are making a bet if the price goes up or down.
Probably they made a bet on the price going downward.

We have to understand that Bitcoin went skyrocket because of the BIG guys with BIG money.
The traders participating in Bitcoin Futures are BIG.
They can make,  or break the market.

The rest of the unexperienced traders are selling because of impatience and fear of loss.

If you look at the schedule in the link provided you'll see that there are several settlements. So we have to wait till the End of february I guess.

Hi,

Next to reading bases, how important is it in your opinion to read candles and know their meaning?

Wat kan je doen als de overheid bepaald dat bitcoin bla bla bla niet toegestaan is.

Hoe zit het dan met het kopen van ICO's dat soort zaken?

Is het nog te doen dan?

Hi Guys,

Thanks for all your responses.

In my opinion it 3% will be more easy to achieve. 5% can be achieved by day trading. But if you trade with the 1, 2 or 30 minute chart it will be more difficult.
The title of this topic is, 5% each day trading Ethereum.

I thought about it and I think If you switch from currencies in your exchange and set the time frame to a minimum of 1 hour 5 % can easily achieved with Base-Trading.

In my opinion Base-Trading works pretty well. But it's best to buy when price is still low on a day.

I have studied a lot how to read the charts (without tools) and when you can read bases it makes it so much easier.
Also working with an alarm is great, (when price reaches .... value alarm goes off.

Ofcourse there are chances of loss. But we can choose trade the safest possible way.

What I have learned, don't trust the exchanges, be in control of everything that happens in your trading. Be prepared to set orders (buy and sell).
Keep looking for other currencies in you exchange that have a volatile behaviour.

All in all, I think it's possible. Patience is the key.

Thanks for answering, should I also look on coins with high marketcap, or only high volume?

Hi Guys,

When daytrading Ethereum, do you think a profit of 5% will be possible?

What's the maximum percencentage per day in terms of profit?
More than 5%?

Love to see your opinions.
Cheers

"it may be 3% or 30%, it's always better to earn a profit than a loss, say goodbye to ms. and mr. Greed''

This topic is written to help other people who are still finding their way to profittable Day-Trading.

There are so many tools out there on the exchanges and a lot of them read movements of the currencies spiraling up and down their trends.
This topic is about reading bases. Reading bases is not something you can see in the tools. Forget the tools and base from the charts.

When a price goes up, the moment it falls back down to its lowest peak and goes up again...
That lowest peak is a base.

On an Ethereum chart for example it's very easy to draw bases and to trade on them. This also works with any other chart, unless your chart behaves like a drunken monkey, this should work.

Here's how to do it:

Zoom out in the trading chart.
Spot your first base,use the line tool and draw a horizontal line from that base all the way to the right and all the way to the left.
Examine the line you draw by scrolling back and forward in the charts and see if the line connects to other bases.
If you see other bases on a different height use your line tool and draw the same line as mention before.

How to trade?

Divide you chart in 3 sections horizonally by identifiying the highest point of the currency value and, the lowest point of the currency and the middle of the currency value that you see in the chart.
Trade in Low, High, and Middle and draw 3 lines.
In between the Low and the Middle and the Middle and the High you can spot more bases, draw lines and connect the bases horizontally.

Step 2:
On which lines do you see the most bases in the Higher section of the chart?
Do this same step for the middle and lower section.

Set an alarm when the currency chart almost reaches your base. ( if you don't have an alarm find one, if you can't find one, keep an eye on the chart every now and then.
Look how the chart moves from the Base in real time. Does it go up or down?
When price goes up buy at the base, look at your middle and higher bases you've drawn in the steps before. Identify the values of the bases that occur most on 1line (step 2). Sell at that values, or a little below (to make sure the currency in the chart touches the bases).
If price goes down, sell and wait untill the first base is created, buy at the base, sell higher and with the next base.

Sell at different currency values in 1 trade. Buy at different currency values in 1 trade.


Remember:
Even if you sold at middle price and price peaked afterwards, a profit is a profit. Play safe. When a currency value goes down, it always has to come back at a base, same way when a currency goes up.

When a currency value goes up and never comes back to the base (price inflation) you always have a profit.
When a currency goes down down and never comes back to the base you also have profits because you sold at the base and can buy more when the price is down.

Patience is the key, work in langer timelines. 1 hour, 2 hours or maybe 20 seconds.
Trading can become frustrated because of time. Many trader make decisions that lead to a loss because of impatience. Set you sell orders and your buy orders make an alarm on your spotted bases and profit from the trends.
Do something fun / something else in the meantime.
Play football, dance the night away.

Trading should be non emotional and be approached as a side activity.
Don't let the up- and down trends move your emotions up and down, it's nothing personal, just doing business.

As an endword I have to say, do it with money that you can miss.
Or else you'll be emotionally envolved. If you read this and you can't miss the money you are trading, set the alarm notifications and sell and buy orders to free yourself from emotional trading.

Hope you guys can use this!

Hello Guys,

Thank for all your updates!
Really inspired me.

Any more ideas are always welcome.
Love to see as many opinions as possible.

I will come back on this topic in a while and show you how many percent of all the people who responded think it is possible / not possible.

I think it is possible when you do your home work.

http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_product_calendar_futures.html

What do you think of this trading schedule?
Are there many whales on the market and if so, @ which coins?
Only Bitcoin Futures?

I have only traded market price real time so that's a too big gamble for me. I want to set values of number that I wan't to buy at forehand by reading charts on whaling coins. Is it more recommendable to use order book or a random live market deal when daytrading?

Hello,

Do you guys think IOST is going great?
It had a huge succes when it just came out.
The peak it had the first day is hard to find now.

What do you say, a yes or a no?

Hi,

When daytrading is the use of the order book important?
I hear many talk about stop-sell orders.

I need some confirmation if the idea that I have about buy and sell orders is okay.

For Example:
My coins: 30 iost
Actual price: 0,15

- If I place a sell order to sell 20 iost for the price of 0,16 and the actual price goes to 0,14, I won't lose money? (except fee of course)

- If I place a buy order to buy 20 iost for the price of 0,14 and the price goes to 0,16 I won't lose money?

If this is correct, .. trading with buy and sell orders is actually very safe. In other words, when you trade with buy sell orders wisely, you can have more trades in total compared to when you don't use buy and sell orders.

Am I right?

Hello there,

I hear soo many stories, read soo many stories of fellow crypto-traders that this is The time to invest in crypto's.
These stories are also about making lots of money in about 1-2 years.

With would be the minimum start capital in your opinion?
Also like to know if you think it is possible to work yourself to financial-freedom in 1-2 (maybe three) years.

This also made me think:
'Why are some people enormous succesfull in the trading game while other are not?

I think you have to think like a (financial) successful l business person to make succes in the trading world and word yourself to financial freedom.
Keywords/phrases/ideas I think of now that I think a successful trader should be/have:

* Courage (trying different things out of your comfort zone)

* Dedication (be busy with crypto's daily)

* Your personal 'whitepaper':  Very nice and interesting to  have an insight in the Whitepapers of all companies in ICO stage, but I think a personal whitepaper is also very import. Things like: -  'how much profits a day am I going for?"  - 'where do I want to be in three months? -

* Don't be too greedy: Be okay, with 2%, 3%, 4% profits. It may seem little but if you have 2% profit 30 out of 40 times your estimated value will grow significantly. Have you ever put real coins in a jar for about 3 months? Than you know what I mean.

* Be patient:  I noticed myself, sometimes I want that $ number too much, and this 'wanting', the greed can make you lose your profits.

* Make agreement with yourself, stick to the plan.

* Last but not least, Keep up to date with the news and study, study, study.

* Ask yourself: Is this a hobby or a job-to-be. It is't the latter, it takes a lot of time and dedication.

I think when you have a solid plan and you stick to it, it is possible, even with a start of $ 200.

What do you think?

------
Update 01-02-2018
78 people responded to this topic.
50 of them think it is possible
4 of them don't think it is possible
11 of them think the amount of $ 200 is too small to start with
13 people did not say 'yes' or 'no' to the possibility.

Keep coming with more opinions please and I will update the results!

Hi Guys, Girls,

On CMC you can see the latest added coins with their Exchanges.

How important do you think it is to buy new coins (if you like their concept)

I think it is very important to invest in new coins.
When to buy them?

From my short experience I have learned not to buy a coin straight away when it's released on the exchanges.
Be there as soon as possible, see what the price does. Often a lot of people who bought the coin during ICO will sell.
Wait till the coin drops at its first lowest point, and just when its going up, > buy!



What are your strategies  / ideas?

Hi Guys and Girl, Ladies and Gentleman,

I was thinking about the news in crypto-related terms.
The news has great impact on the crypto-market.

When a news-channel announces the popularity of a coin, most certainly the value of that coin will rise in an upward trend.
Typ in: Crypto-News in the google search engine and you will have a LOT of choice to choose from. All different sources that talk about the different altcoin, next to Bitcoin.

In my belief there must be online news sources which are Globally visited most among all you fellow cryptocurrency-traders.

-What in you opinion are the hottest online news-channels that you can't miss being a day trader?

on the other hand

-What are the hottest online news-channels that you can't miss being a long time investor?

I myself find:
- Cointelegraph, a pretty good channel.

What about you?

Hello Guys and Girls, Ladies and Gentlemen.

Recently I have done some study on the following tools, I also give my opinion about them.

RSI (Relative Strength Index)
- A cool tool to see when it's most likely for a currency to have an upward/downward trend.

RSI Stochastic
- This cool tool rotates a lot quicker up/down and in my opinion this is better to be used for relatively quick daytrades. (dependent on the setting, which counts for any tool)

Bollinger Bands (with candlesticks)
- I write > with candlesticks, because that's the only version I know.
- A cool tool in which it is easy to see what the price probably does.

I used them and tried to experiment with them. Now I am going to learn how to read the different kind of candles.

On thing I like about the RSI is when you pay attention to the middle line you see that from the middle line the price alsmost always reaches the top or bottom line of the tool.

The thing I like about the RSI Stoch is kind of the same I like about the RSI.

All in all it's handy to know how to trade with tools, but in my opinion the news also has an impact.
You never know what the market is going to do.

What are the tools you use, are there any tools and techniques which are getting you the most of profits?