I wonder if someone still should get into trading Bitcoin at this point? There was a time with incredible aggresive swings so that daytrading was interesting, but now the movements appear but much slower. Is it still worth it to trade?
When you can earn approximately 5% on every trade, regardless of aggressive swings or now swings? You can. This is different than the buy and hold strategy. The buy and hold is more for short or long term investing, not for daily profits.
In my opinion trading bitcoin (which really means "selling" bitcoin like selling gold or silver) is the best opportunity today going for bitcoiners who are looking to earn profits and potentially high profits everyday... period. Again, this is being a bitcoin broker much like if you are selling precious metals. What if you could makes these trades day in and day out, every day? You'd make a growing consistent income with bitcoin. Isn't that what you want, what all the people want on this forum? The smart bitcoiners are doing this.
To do this and to do it right, you just need to learn how and from someone who is already doing successfully, simple as that. This is because know all the pitfalls and how to avoid them. They know how to get buyers and where to buy new bitcoin each day at rock bottom "spot" prices. So you need a little (from someone doing it currently and successfully), and you obviously some bitcoin to start, some starting trading capital, preferably at least $2000. You could get away with $1000. $2000 starting capital is about $100 per day in pure profit at 5%. Then you can grow from there. The buyer demand is there and it's actually growing. And buyers are absolutely willing to pay the 5% premium (your earnings) for the excellent customer service and the reliability you give to them. Many traders are already earning thousand per day doing this because 5k, 10k, 20k, even above 30k trades are common and happen everyday. Just remember about 5% are your profits. However you need some specialized knowledge to do this successfully and a supplier where you can purchase more bitcoin at spot easily everyday. Again I emphasize don't just pick up any course on "how to make money with bitcoin." Demand proof that the person you learn from is doing it currently each and day and successfully. You should be able to look at that teacher and say "wow that person explains things very well and knows what they are doing." I know such a person, so if interested feel free to PM me.
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