Does anyone "Day Trade" Bitcoin

[Hammerschmidt]

Hello everyone,

I'm wondering if anyone buys and sells bitcoin like a day trader. Like maybe watching for a small gain, selling a few, watching for a small dip, buying back more from what you just sold, and so on.

Are there any reliable sites for this?

Thanks in advance for all who offer insightful advice.

[dihari]

Hello everyone,

I'm wondering if anyone buys and sells bitcoin like a day trader. Like maybe watching for a small gain, selling a few, watching for a small dip, buying back more from what you just sold, and so on.

Are there any reliable sites for this?

Thanks in advance for all who offer insightful advice.

Why do you think it is a doubted things? Of course there is a lot of day traders in the world. Just check every exchangers website you know, and look how the volume of each site  decreased and increased anytime.
Day traders is the peoples who looking for money everyday from trading. Not big money but they are get consistently profit.

[Hammerschmidt]

Anyone care to offer some INSIGHTFUL advice instead?

[pooya87]

Hello everyone,

I'm wondering if anyone buys and sells bitcoin like a day trader. Like maybe watching for a small gain, selling a few, watching for a small dip, buying back more from what you just sold, and so on.

Are there any reliable sites for this?

Thanks in advance for all who offer insightful advice.

a lot of people are doing it, visit the speculation board you'll see some specially on the wall observer topic.
i did also do day trading for a while but since it is hard and time consuming i turned away and started to do it with altcoins which i find easier. although i do it when price goes nuts and swigs around a lot.

and as for sites, you need to do it on an exchange. for bitcoin/fiat these are good: bitfinex, bitstamp, kraken, Gdax, btc-e

[Hammerschmidt]

Hello everyone,

I'm wondering if anyone buys and sells bitcoin like a day trader. Like maybe watching for a small gain, selling a few, watching for a small dip, buying back more from what you just sold, and so on.

Are there any reliable sites for this?

Thanks in advance for all who offer insightful advice.

a lot of people are doing it, visit the speculation board you'll see some specially on the wall observer topic.
i did also do day trading for a while but since it is hard and time consuming i turned away and started to do it with altcoins which i find easier. although i do it when price goes nuts and swigs around a lot.

and as for sites, you need to do it on an exchange. for bitcoin/fiat these are good: bitfinex, bitstamp, kraken, Gdax, btc-e

Thank you!

[eddie13]

That's pretty much what I do but not every day..
Trade for a few hours and back all in BTC when I'm done..
A lot of the time I never even sell the BTC and just use my available margin..

Trading on huobi, no fees is great for high frequency trades but sometimes I think it screws me giving the worst possible price on market orders, and if you were margin long before that dump you were liquidated toast because I couldn't get a trade in edgewise it was freezing all up crazy..

Reliable?  Crypto exchange? Eh..
Even kraken was freezing the other day and was it stamp or finex that was just down for a while today?

It didn't steal my coins.. Yet..

[DXB2017]

Hello everyone,

I'm wondering if anyone buys and sells bitcoin like a day trader. Like maybe watching for a small gain, selling a few, watching for a small dip, buying back more from what you just sold, and so on.

Are there any reliable sites for this?

Thanks in advance for all who offer insightful advice.

i am sure its plenty who do it all the time,see why so big volume trade!

[Kakmakr]

I did a while ago, but my exchange have some trading fees, which makes high frequency trades more complex, because you have to work that into the price. It was also very time consuming for someone having a day job. The urge to trade during working hours, was too strong, and it might have jeopardized my day job. ^hmmmmm^

It is fun, but stressful in a very volatile market.   

[darklus123]

I actually am doing this one as well. But now i can't make it to trade on daily basis because of a busy schedule but the same thought is always on my mind. It just satisfies me when i get good satoshi's daily in trading rather than claiming  on faucets for the whole day.

[Golftech]

It seems like it's doing an arbitrage or buy low sell process, well it's still profitable if you are holding large amount of bitcoin. and if you are wondering if this can be done and if this is still profitable, I can say it depends with the timing, if your timing is good, then it will be profitable. But if not, there's a downfall possibility to the point that you might lose your investment.

[jossiel]

Hello everyone,

I'm wondering if anyone buys and sells bitcoin like a day trader. Like maybe watching for a small gain, selling a few, watching for a small dip, buying back more from what you just sold, and so on.

Are there any reliable sites for this?

Thanks in advance for all who offer insightful advice.

I'm not a day trader but I know there are a lot of traders that are doing this. They are more of daily profits rather than longer and higher profit.

For sure those traders have ample time to manage their day to day trade and they can monitor each alt coins that they bought.

It can be effective if you are jobless but for people like me that can't monitor their trades on a daily basis, this is not recommendable.

[Hammerschmidt]

I actually am doing this one as well. But now i can't make it to trade on daily basis because of a busy schedule but the same thought is always on my mind. It just satisfies me when i get good satoshi's daily in trading rather than claiming  on faucets for the whole day.

So noob question:

What's an exchange?

I'm on Coinbase right now, not liking the 1% fee each trade.

[Pearls Before Swine]

I actually am doing this one as well. But now i can't make it to trade on daily basis because of a busy schedule but the same thought is always on my mind. It just satisfies me when i get good satoshi's daily in trading rather than claiming  on faucets for the whole day.

So noob question:

What's an exchange?

I'm on Coinbase right now, not liking the 1% fee each trade.

1% isn't bad IMO, though some exchanges are lower.  Coinbase isn't bad, but they'll cancel your account mighty quick if you gamble or do anything wrong whatsoever.   And the tax man is now watching,  so be careful.

Yes I've done some day trading on Yobit.  Very exciting but easy to lose money.

[ProfMac]

Hello everyone,

I'm wondering if anyone buys and sells bitcoin like a day trader. Like maybe watching for a small gain, selling a few, watching for a small dip, buying back more from what you just sold, and so on.

Are there any reliable sites for this?

Thanks in advance for all who offer insightful advice.

You might want to visit https://btc-e.com/

[stomachgrowls]

Day traders is always there no matter on what you trade its either on forex,stocks and crypto.There are really people like to do hedging and scalping and seeking an opening to make profits even on small amounts but still considered as good thing and thats the way they are earning since there are different types of traders.

[Lorilikes]

Hello,
     Day trading is a rush, for some people. 
    I bought into one of those catchy, over-promise /under-deliver companies that sell a product which they call software, and  sometimes they claim to be selling an "algorithm" that automatically does a set of trades.  (binary options.)which, to me, means the same thing as a  slot machine. The reality is they were cleverly disquised sales people from  brokerage they recommend to do your trading.
They actually did earn me money - and out of 15-20 Daily trade recommendation they always had two positions dedicated to bitcoin.   They were always going.   The other suggested trades varied .  It's a lot like gambling but you can swiftly kiss money goodbye if you act impulsively.  On the other side of that, when you choose correctly you will be floored when you see the profit. ... a lot of money can be made very quickly.  Can't say I know a good broker to take your business too, but if you pick 3 brokers and tell them all that you want to select a broker, today, and tell them you won't decide until you talked with all 3 candidates, and they will roll out the red carpet for your business because your money is valuable and why should you pick anything less then the best ... a good agent will help you if you are loyal especially.  It's fun.  Takes iron Will power, and if you Adhere to a system you might make good money.  Good luck !!

[Idrisu]

Hello everyone,

I'm wondering if anyone buys and sells bitcoin like a day trader. Like maybe watching for a small gain, selling a few, watching for a small dip, buying back more from what you just sold, and so on.

Are there any reliable sites for this?

Thanks in advance for all who offer insightful advice.

Eighty percentage of traders are day traders or intra-day traders and because of this there are always money to make daily. How do you day trade? You start you day trade analysis by spotting long timeframes trend market, such as weekly and daily charts. You can used lower timeframes like one hour or thirty minutes timeframes for buying or selling signals. This post is just for your information and not an advice to place trade because financial markets is a very risky venture and never place trade with money you can not afford to lose.

[Amph]

Anyone care to offer some INSIGHTFUL advice instead?

i did in the past i learned few stuff but not so much, about for example bollinger lines, that if those get out of the average you need to short or long

but besides this i still find it too much of a gamble, and also many other agree that TA is bullshit

[pinkflower]

Hello everyone,

I'm wondering if anyone buys and sells bitcoin like a day trader. Like maybe watching for a small gain, selling a few, watching for a small dip, buying back more from what you just sold, and so on.

Are there any reliable sites for this?

Thanks in advance for all who offer insightful advice.

The people who will answer your question and the ones that will give advice are the losers in day trading. The winners will never teach you how to trade well. Why would they help others? That would make it harder for them to make a profit. Be careful with the answers you get and dont readily believe any of them.

[Juggy777]

I would not advise you to do day trade In Bitcoin. The prices fluctuate like anything, this is not your average day trade. Though the profits can be huge but if a bet goes wrong you may make severe looses. My first advice for you to. Would be to study the charts see the moments for at least a year. Keep up with the btc news and hop on to speculation board then try your luck, but would advise you again to stay away as a gamble can be risky.