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.

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[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.

[Senor.Bla]

You can try it out, but i would not give anything on somebodys opinion. Everybody has a own theory how it should be done, and everybody has good advice, at least they think it is good. People get lucky and think it is there skill. You need to find out for yourself if you can do this with profit. Just give yourself a virtual Bitcoin and pretend to day trade. After a month you will know more about how profitable you can be. I would advice against using a real Bitcoin as you will probably lose it.

[jacafbiz]

We still have many day traders but it is not getting rewarding again because people find out that even when making profit on their trades transaction fees end up eroding the profit of them.

[Ironsides]

With Bitcoin the best strategy is buy and hold

[Hazir]

From what I noticed, I can tell you that bitcoin day trading is only really profitable if you have access to bitcoin exchanges located in exotic places.
What I mean by that: on Indian, African, European and Chinese exchanges price usually differs greatly. At some point it might reach even 20%
So if you can establish Indian, African <=> western bitcoin trading - the profits are there.

[Herbert2020]

So noob question:

What's an exchange?

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

an exchange is a place (a website) where you to exchange your money to bitcoin and vice versa. in other words sites that you trade on such as Coinbase.

the 1% is pretty high compared to other places. i am not sure about the exactly percentage of each of these places but you can check them out yourself. they are usually 0.15 to 0.25% for each trade depending on some stuff like the amount you have traded before, some places have a fixed percentage some don't.

[bering]

many people has daily trade out there but i think the traders not always sells and buys at the same days because usually they will see the market trend and they decide will sells or buys on the particular prices to get profit or cutting their losses and regarding the sites i think plenty big exchange sites with a lot of active traders such as poloniex or coinbase

[waterpilem]

Yes, there's a lot of traders that trade bitcoin daily, but what I mean for those traders is not same like you Imagine, buying bitcoin that
you can withdraw any time. nope, they trade it as a share or stock. Eg: Forex trading, Etoro
they trade it just like Apple shares and Google shares, bitcoin sometimes in one day can make you earn/loose real money !

[suphakrit2012]

Yes, I am. Day trade use the small time frame "30 minute, 45 minute or 1 hour". You can trade by manaully or automatically. If you want to trade manually, It has many market such as kraken.com, bittrex.com. However, If you want to trade automatically. You can ask me in chat box. And I will tell you.

[Xester]

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.

Actually there are a lot of bitcoin day trader they are busy switching bitcoin to dollars and dollars to bitcoin on exchangers. Bitcoin is always moving since the activity is very active volatility is the key in this kind of trade. This is not an easy task since you are always online and always observing the charts in many exchangers comparing the price and analyzing the market. Some uses a trading bot to do their biddin but manual day trading is still the best.

[xuan87]

There are a lot of bitcoin trader that trade everyday, some of them make a living by doing trading, but to sell and buy everyday is all depends on the market, and usually trader won't trade if the price up is too little they are aiming for big price up, and they are not really watching the chart every minutes

[doomistake]

There is a lot of traders nowadays because the salary or income on this job is really great, though sometimes it is hard to find legit buyers. If you want to do Trading, my only advice to you is to wait on whatever coins are you trying to Trade to be dump by exchangers like CCEX, YOBIT and so on. In this way, you can have bigger profits if this coins that you bought in a small price would pump in time. All you have to do is wait for the right time and have patience.

[Hammerschmidt]

My idea is to use the volatility to my advantage. I do not concern myself with the actual price, just how it changes. Many small gains add up due to the compounding interest effect.

For example if I buy 0.5 bitcoins for $500 to start, I wait for a positive price change. Let's say it goes from $1000/BTC to $1015/BTC. I sell 0.1 of my bitcoins and I have 0.4 left. Any price change under $1015 is a winning buyback for 0.1 BTC or less, since that's the amount I sold. Any price change still landing over $1000 is a winning sell for 0.4 BTC, since that's what I have left. Any drop under $1000 is a good buy.

Making many small trades like this over time will beat any "buy low, sell high" single clump trade.

It's just the fees kill you at 1% each. You'd need at least a 2% price swing on every trade, so a $1000 buy needs a $1020 price for s sell, and $1020 needs to drop to $1000 before a rebuy is triggered.

[Hammerschmidt]

an exchange is a place (a website) where you to exchange your money to bitcoin and vice versa. in other words sites that you trade on such as Coinbase.

the 1% is pretty high compared to other places. i am not sure about the exactly percentage of each of these places but you can check them out yourself. they are usually 0.15 to 0.25% for each trade depending on some stuff like the amount you have traded before, some places have a fixed percentage some don't.

Thank you.

I am looking for those "other places" you mentioned.

If anyone has a positive experience with one that pays quickly enough to do day trades, please, let us know.

[ethereumhunter]

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 think i am not have day trade bitcoin as i doing trading in daily and for time, i think i am doing trading in a day. reliable sites that you mean is an exchange sites like poloniex, bittrex? or like coinbase which we can sell our bitcoin directly?

an exchange is a place (a website) where you to exchange your money to bitcoin and vice versa. in other words sites that you trade on such as Coinbase.

the 1% is pretty high compared to other places. i am not sure about the exactly percentage of each of these places but you can check them out yourself. they are usually 0.15 to 0.25% for each trade depending on some stuff like the amount you have traded before, some places have a fixed percentage some don't.

Thank you.

I am looking for those "other places" you mentioned.

If anyone has a positive experience with one that pays quickly enough to do day trades, please, let us know.

i think kraken can be other option to do exchange your money to bitcoin but its better if you get verified in that site to make your transaction limit is higher. or you can do with btc-e, bitstamp. you can find another sites with search engine.

[talkbitcoin]

an exchange is a place (a website) where you to exchange your money to bitcoin and vice versa. in other words sites that you trade on such as Coinbase.

the 1% is pretty high compared to other places. i am not sure about the exactly percentage of each of these places but you can check them out yourself. they are usually 0.15 to 0.25% for each trade depending on some stuff like the amount you have traded before, some places have a fixed percentage some don't.

Thank you.

I am looking for those "other places" you mentioned.

If anyone has a positive experience with one that pays quickly enough to do day trades, please, let us know.

here is a list of them: http://coinmarketcap.com/currencies/bitcoin/#markets
the famous places are those with highest trade volume (mostly bitstamp and bifinex).
and i don't know what you mean by pays quickly, you deposit an amount on the site (fiat or cryptocurrency) and then trade as fast as clicking can be. and withdrawing and depositing cryptocurrency is fast but money may take some time since it has to go through a bank

[susila_bai]

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.

80% of them are day trader and almost all the trading exchanges are going with day trading and for the past 2 or 3 months their is so high fluctuation in bitcoin price in the day trade itself that you can make a good sum of income if you pick the correct buy and sell options.

[R00TC0IN]

If your interested in day trading in crypto you should come and have a look at our poloniex lending bot and margin trading signals

We trade everyday on this marketplace. With a wide range of crypto to trade on its a great place to make your bitcoin work for you in many different ways.

Have a look at our services and take a look at the poloniex platform, It might be just what your looking for.

Poloniex Exchange / Margin Trading Platform
https://poloniex.com

Elevara Poloniex Lending Bot.
https://bitcointalk.org/index.php?topic=1744380.0

Elevara Trading Signals Service.
https://bitcointalk.org/index.php?topic=1747026.0

[Hammerschmidt]

If your interested in day trading in crypto you should come and have a look at our poloniex lending bot and margin trading signals

We trade everyday on this marketplace. With a wide range of crypto to trade on its a great place to make your bitcoin work for you in many different ways.

Have a look at our services and take a look at the poloniex platform, It might be just what your looking for.

Poloniex Exchange / Margin Trading Platform
https://poloniex.com

Elevara Poloniex Lending Bot.
https://bitcointalk.org/index.php?topic=1744380.0

Elevara Trading Signals Service.
https://bitcointalk.org/index.php?topic=1747026.0

Thank you very much, I will look into it.

And thank you everyone who had something of value to say. You know who you are

[manselr]

It's not worth it, just stick to buying and holding, if you believe in bitcoin long term, it's the only way to make solid gains. Look at what happened today, it's like someone cut the graph with a knife, 90 degree freefall out of nowhere, only because of chinese shenanigans. You can't predict those, day traders can lose a lot of money in situations like this, if you had a long position you got fucked hard today, theres no other way to put it.

[harizen]

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.

Day trading is not appropriate for bitcoin trading as it has different volatility compare to altcoin. Day trading is fit for altcoin trading since everything is manipulated in most of the trading cases. Why try for yourself so you can compare it based on your experience.

Good sites* I can recommend is Kraken, Poloniex, Bitstamp (for BTC) and Poloniex (for other alts). If alts are not listed on the mentioned site, second option would be CCEX and Cryptopia.

My idea is to use the volatility to my advantage. I do not concern myself with the actual price, just how it changes. Many small gains add up due to the compounding interest effect.

For example if I buy 0.5 bitcoins for $500 to start, I wait for a positive price change. Let's say it goes from $1000/BTC to $1015/BTC. I sell 0.1 of my bitcoins and I have 0.4 left. Any price change under $1015 is a winning buyback for 0.1 BTC or less, since that's the amount I sold. Any price change still landing over $1000 is a winning sell for 0.4 BTC, since that's what I have left. Any drop under $1000 is a good buy.

Making many small trades like this over time will beat any "buy low, sell high" single clump trade.

It's just the fees kill you at 1% each. You'd need at least a 2% price swing on every trade, so a $1000 buy needs a $1020 price for s sell, and $1020 needs to drop to $1000 before a rebuy is triggered.

You can achieved in a duration of period of time but not on a sole day.

[BitcoinHodler]

It's not worth it, just stick to buying and holding, if you believe in bitcoin long term, it's the only way to make solid gains. Look at what happened today, it's like someone cut the graph with a knife, 90 degree freefall out of nowhere, only because of chinese shenanigans. You can't predict those, day traders can lose a lot of money in situations like this, if you had a long position you got fucked hard today, theres no other way to put it.

yeah but still many are day trading bitcoin specially these days that prices are so volatile, traders are killing it or getting killed based on how much experience they have got.
and most of the times when day trading it comes to how quickly you can act on some news, rather than being able to predict things although that helps.

[FaucetRank.com]

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 think there are many day traders and they hold both long term and short term investment. They do day trading just to meet out their daily and house hold expenses and they also hold long term investment just for more profit in future.

[QuestionAuthority]

Yes, I've been day trading the btc/usd currency pair for about four years now. I began by using BTCe but recently moved to simplefx.com because it's so easy and much faster. People are making small fortunes day trading the volatility of Bitcoin. Especially since the Chinese became heavily involved. Currently it's bitcoins best use and purpose.

https://simplefx.com/dashboard/

[Mometaskers]

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.

Well I'm unemployed so... how steep is the learning curve for trading? Can you suggest reliable sites on where to learn about this? And how much bitcoin would I need as startup?

[Hammerschmidt]

Well I'm unemployed so... how steep is the learning curve for trading? Can you suggest reliable sites on where to learn about this? And how much bitcoin would I need as startup?

Well as long as you understand the difference between higher and lower numbers in base-10, you have all the skills you need

Buy low, sell higher, repeat.

Just don't buy in for more than you can spare. Don't put the rent/mortgage money in there.

I started with half a bitcoin. Now I'm all the way up to 8.

[valley365]

I guess day trading is very tough, this is possibly like trading a stock option on daily basis, unless you are really a professional and can watch it all the time and have a good sense, it will be very difficult to do.

[Taksonas]

Never did this but I also think that its way too risky to do because of the fact that you can lose insane amounts real fast.

[pinkflower]

From what I noticed, I can tell you that bitcoin day trading is only really profitable if you have access to bitcoin exchanges located in exotic places.
What I mean by that: on Indian, African, European and Chinese exchanges price usually differs greatly. At some point it might reach even 20%
So if you can establish Indian, African <=> western bitcoin trading - the profits are there.

Are you talking about arbitrage? I dont think there are that many traders that do it. Just look at the price of BTC in all the exchanges and look at the difference. If there were many traders doing arbitrage then all the BTC exchanges all over the world will have almost the same prices of BTC. The difference will be very small.

[Pursuer]

From what I noticed, I can tell you that bitcoin day trading is only really profitable if you have access to bitcoin exchanges located in exotic places.
What I mean by that: on Indian, African, European and Chinese exchanges price usually differs greatly. At some point it might reach even 20%
So if you can establish Indian, African <=> western bitcoin trading - the profits are there.

Are you talking about arbitrage? I dont think there are that many traders that do it. Just look at the price of BTC in all the exchanges and look at the difference. If there were many traders doing arbitrage then all the BTC exchanges all over the world will have almost the same prices of BTC. The difference will be very small.

what he is saying is not exactly arbitrage but a similar method like it.
it comes from the fact that in those countries like India there aren't that many good places that you can find and buy bitcoin from and in a certain period of time there was limitation on people banks and how much they could withdraw so they needed other methods and started using localbitcoins ,... so price went up.
and if someone can buy with USD and sell to Indian Rupies (?) they can make a good profit but that is not day trading and it is not an always thing.

[avatar_kiyoshi]

Well I'm unemployed so... how steep is the learning curve for trading? Can you suggest reliable sites on where to learn about this? And how much bitcoin would I need as startup?

I do trading but not for everyday, I'm still learning to gain experience from it. I start from do thru MT4 platform, it's make easier for do an analyze, also there are a demo which you can learn with real-time trading, I used simpleFX.com for it.

[Doamader]

There are for sure a group that has time and money to play bitcoin daily trades, this requires a lot time and dedication, but there is the gold eggs here as well, forex is one way to maximize this daily earnings. Since i dont have enought time for such adventure i do some small trades along the week.

[marcoman22]

Most traders who want profits in short term do day trade. They do their sale even at small margins. They do trading frequently. But the fees charged by exchange per trade should also be considered if the investment is small. Mostly, day trade gives more benefits in altcoins since the price is highly fluctuating.

[Pamadar]

Most traders who want profits in short term do day trade. They do their sale even at small margins. They do trading frequently. But the fees charged by exchange per trade should also be considered if the investment is small. Mostly, day trade gives more benefits in altcoins since the price is highly fluctuating.

those who have a lots of btc can do day trade as fluctuations really benefiting traders just needed to have big funds for this and good assessment making correct entry will already give you good profits if you have a huge capital.

[Mastsetad]

Ofcourse there are day traders in bitcoin too, they buy bitcoins and wait for the price to go a little higher and they sell them back to earn a few bucks and they again wait for it to drop some bucks and they do the same thing again, though it can be profitable sometimes when the price stays quite stable but mostly it is not good because if the price starts growing then it just keeps growing and if it starts dropping then it keeps dropping like now.

[error08]

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.

Daily traders get small and big profits depends on their funds. How much capital you have, if you don't mind to share?
You may try to search local exchanges in your country in order to make easier transaction among members.
If you want to register on some famous exchanges such as coinbase, bitstamp, itbit, btc-e or bitfinex, there are a lot of them.

[philiveyjr]

I used to day trade on bitstamp. It was a good experience but the profits were marginal. Its not often that BTC goes up exponentially but goes down steeply a lot more than going up. Couldn't find time for it as I couldnt make good money out of it. Felt it wasnt worth the time/effort.

[fikihafana]

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 full day trader in cryptocurrency, i combined between bitcoin and altcoin. So far i got more profit from altcoin if bitcoin price not increase. for now, i used polonix, bittrex, btc-e to trade daily

[Hammerschmidt]

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

Thanks! I love the layout. Do you use this site for your trades?

[DOGE12321]

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.

Yeah. There are hundreds of day-traders on this forum. However, it is not very profitable unless one possess a vast amount of Bitcoin.

As for sites, I sometimes use Kraken and Yobit.

[Hammerschmidt]

Yeah. There are hundreds of day-traders on this forum. However, it is not very profitable unless one possess a vast amount of Bitcoin.

As for sites, I sometimes use Kraken and Yobit.

You don't need a big stash of BTC to make a nice chunk of money day trading. I think everyone is thinking too much like a stock INVESTOR (buy many cheap shares, sell many at price-sell trigger) and not a VOLATILE commodities trader (make even 2% gains over and over then double your investment after only 36 trades).

Day trading loves the law of compounding interest. A simplified version is the "rule of 72." Take the gain percentage (say 4%) and put it in the denominator with 72 as the numerator. This is approximately the number of similar trades it will take to double the starting amount.

72/4 = 18
1.04 x 1.04 x 1.04 ... 18 times is 2.0258 etc.

Of course BTC prices won't swing in 4% pluses and minuses for you, so you look for smaller swings, even 1%. And, don't put your entire bankroll at risk. Use maybe a quarter of it. It will take 72 trades at 1% to double the amount you're trading with. 2 trades a day for a little more than a month.

[CryptoUser25]

Never done that and I also do not think its very profitable maybe back in the days it has been done more most likely it did but I think its nowadays too risky.

[Gotottack]

Yes, there are a lot of people who do this in trading platform and exchanges. Unlike in stock market day trading, day traders do it in just the trading hours, here in the crypto-world they do it 24/7. They even made bots to do it. They buy low and sell a bit higher like around 1-2%. So, I guess you could consider that as day trading.

[pinkflower]

From what I noticed, I can tell you that bitcoin day trading is only really profitable if you have access to bitcoin exchanges located in exotic places.
What I mean by that: on Indian, African, European and Chinese exchanges price usually differs greatly. At some point it might reach even 20%
So if you can establish Indian, African <=> western bitcoin trading - the profits are there.

Are you talking about arbitrage? I dont think there are that many traders that do it. Just look at the price of BTC in all the exchanges and look at the difference. If there were many traders doing arbitrage then all the BTC exchanges all over the world will have almost the same prices of BTC. The difference will be very small.

what he is saying is not exactly arbitrage but a similar method like it.
it comes from the fact that in those countries like India there aren't that many good places that you can find and buy bitcoin from and in a certain period of time there was limitation on people banks and how much they could withdraw so they needed other methods and started using localbitcoins ,... so price went up.
and if someone can buy with USD and sell to Indian Rupies (?) they can make a good profit but that is not day trading and it is not an always thing.

That sounds like arbitrage. If there were many traders doing this then the market involved will be very efficient. Looking at the state of the market now is proof that not many traders are doing arbitrage trading that requires the use of BTC.

[Mometaskers]

Well I'm unemployed so... how steep is the learning curve for trading? Can you suggest reliable sites on where to learn about this? And how much bitcoin would I need as startup?

Well as long as you understand the difference between higher and lower numbers in base-10, you have all the skills you need

Buy low, sell higher, repeat.

Just don't buy in for more than you can spare. Don't put the rent/mortgage money in there.

I started with half a bitcoin. Now I'm all the way up to 8.

Is there any exchange you can suggest for those just beginning with trading? I've seen my cousin use Yobit but he said he just use it to play dice and he's not really doing any trade.

BTW, congratulations on getting to BTC8.   How many months did it take you to grow your BTC0.5?

[poplolnman]

Yes, there are a lot of people who do this in trading platform and exchanges. Unlike in stock market day trading, day traders do it in just the trading hours, here in the crypto-world they do it 24/7. They even made bots to do it. They buy low and sell a bit higher like around 1-2%. So, I guess you could consider that as day trading.

yeah the bitcoin volatile make people really recognized it's as their favorite stuff to trade daily. don't need to get a lot of profit, small but steady . do it repeatedly. but of course it's doesn't mean so easy to do day trading , even bot could lead you to broke. just be safe using bot.

[Hammerschmidt]

Well I'm unemployed so... how steep is the learning curve for trading? Can you suggest reliable sites on where to learn about this? And how much bitcoin would I need as startup?

Well as long as you understand the difference between higher and lower numbers in base-10, you have all the skills you need

Buy low, sell higher, repeat.

Just don't buy in for more than you can spare. Don't put the rent/mortgage money in there.

I started with half a bitcoin. Now I'm all the way up to 8.

Is there any exchange you can suggest for those just beginning with trading? I've seen my cousin use Yobit but he said he just use it to play dice and he's not really doing any trade.

BTW, congratulations on getting to BTC8.   How many months did it take you to grow your BTC0.5?

Thanks. I purchase BTC along the way, that wasn't a 16x rollover. Still this is now my 2nd year.

[burner2014]

There are lots of day trade actually, sometimes in the past I did that especially if I need money much.
It is not bad they are just being practical, don't wanting to lose money. When I am starting trading what I do is when I see the price goes up I get the profit  even in small amount and retain my capital.

[BillyBobZorton]

The fastest way to lose money is via day trading. My friend was trying to get some money the other day sailing the 900 ish stable price, then he woke up and he saw how the price plumeted to mid 700's. He panicked hard since he was holding BTC, so he sold, and then it went up again. Now he needs the price to go under 700 or he will not be able to buy back again without a loss.

[bncbnc]

Yes, there are a lot of people who do this in trading platform and exchanges. Unlike in stock market day trading, day traders do it in just the trading hours, here in the crypto-world they do it 24/7. They even made bots to do it. They buy low and sell a bit higher like around 1-2%. So, I guess you could consider that as day trading.

i do not think that most of the people may be practicing it, because to me most of the people who are using bitcoin consider it as their secondary profit and most of them use bitcoin after coming back from tier job or business.

[Hammerschmidt]

The fastest way to lose money is via day trading. My friend was trying to get some money the other day sailing the 900 ish stable price, then he woke up and he saw how the price plumeted to mid 700's. He panicked hard since he was holding BTC, so he sold, and then it went up again. Now he needs the price to go under 700 or he will not be able to buy back again without a loss.

That is the textbook way to lose everything. I never use over 10% of my BTC bankroll and bank account bankroll on any given price swing. Oversimplified example, but similar to how I rode the downturn:

Bank account = $6000
BTC account = 8.0
Last buy = 0.1 BTC at $900

Price drop to $880

Buy 0.1 BTC for $88
Bank = $5912
BTC account = 8.1

Price drop to $860
Buy 0.1 BTC for $86
Bank = $5826
BTC = 8.2

Price rise to $870
Hold

Price drop to $850
Buy 0.1 BTC at $85
Bank = $5741
BTC = 8.3

Price rise to $865
Sell 0.05 BTC for $43.25

Bank = $5784.25
BTC = 8.25

And so on.

The idea is to sample the change in price, and make decisions based on that.

Now I have 0.25 BTC to sell with BTC > $865 for a profit, and most of my 8.0 were purchased below $600.

[Flanagan]

Before you begin you need to know that:

Over 90% of traders lose money (any market).
You are basically competing with the best mathematicians in the world and their hardware.

Having said that, since you are going to trade anyway, good luck and enjoy your losses !

[Hammerschmidt]

Before you begin you need to know that:

Over 90% of traders lose money (any market).
You are basically competing with the best mathematicians in the world and their hardware.

Having said that, since you are going to trade anyway, good luck and enjoy your losses !

As I mentioned in an earlier post, I'm in my second year of doing this. You don't need any math beyond 1st year calculus and an understanding of first and second derivatives. Most smart high school seniors and any freshman science or engineering major will possess the skills to mitigate losses and make steady progress.

By my charting, 2.9 BTC of my 8.0 were accumulated profits over a span of call it 18 months. Not sophisticated trading. Just understanding the rate of change and rate of rate of change indicators, and keeping track of each small piece of BTC and what was paid for it.

If I were to give an appropriate metaphor, imagine a jigsaw puzzle fully completed, and on the back was a different BTC amount and what was paid for it. Any trade to follow that is a sell, select only those pieces with smaller purchase BTC. You can see how this turns the "mystique" of it all into a game a child could play.

[CraigWrightBTC]

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.

Yup there are many Dau traders, actually depend on the strategy of trading on every traders,
usually days traders can be called scalpers they use time prime for trading 5M-30M in candle chat,
 that is ways suitable for the traders whom has much time because they must look at monitor of computer.

Many websites are reliable for trading, for trading altcoins you can use poloniex, bittrex, youbit and other and
for trading bitcoins to fiat you can use Kraken, bitstamp, huobi, and other depend on your residence.

[coinsocieties]

I am one of those who do this, but I am not good at it.  i tend to loose more than what i gain.  I like the exchanges where I can sell short, then I do better than what I do when I buy to hold and sell on a move.  There are not many exchanges like that on here that i have sound yet. 

[Supercrypt]

I am one of those who do this, but I am not good at it.  i tend to loose more than what i gain.  I like the exchanges where I can sell short, then I do better than what I do when I buy to hold and sell on a move.  There are not many exchanges like that on here that i have sound yet. 

Because We never know when the price of the bitcoin could change, plus bitcoin is not related to a certain country nor a market because it is worldwide thing that people all over the word uses, so trading it is not related to one particular country's policies. We can only predict what the price will be by hoping for the best.

I always prefer positional trading as holding bitcoin is a proven way of easy profit gaining.

[densuj]

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.

There are some types of traders, here we go:
1. Scalper: the traders use chart Tick-M5,time prime minutes-hours.
2. Day traders: the traders use chart M15-1H,time prime minutes-hours.
3. Swing traders: the traders use chart H4-D1, time prime days-weeks.
4. Position Trader: the traders use chart D1-W1, time prime weeks-month.

The reliable markets had been answered above me.

[mk3000]

Tradingview.com offers a nice feature called paper trading where you can trade with fake money. I've been playing around with it for about a week. it's much better than trading with your real money when you are learning. I'm planning on doing it for a few weeks and eventually try real money trading.

[Dudeperfect]

Yes, I do trade bitcoin in day but not frequently. The last time I traded was when bitcoin fall from $1,000 to $960. I made few bucks while short trading in that period. I think it’s risky then other kinds of trades and one must stay active while monitoring the market movement in a day trade otherwise he can end up with huge loss (I have experienced 100% loss twice) but since I put low amount while doing a day trade, the damage was under control.

[Zadicar]

Yes, I do trade bitcoin in day but not frequently. The last time I traded was when bitcoin fall from $1,000 to $960. I made few bucks while short trading in that period. I think it’s risky then other kinds of trades and one must stay active while monitoring the market movement in a day trade otherwise he can end up with huge loss (I have experienced 100% loss twice) but since I put low amount while doing a day trade, the damage was under control.

When you are doing day trades its really risky but the amounts of profits would be good as long you know what you are doing and be vigilant on each price movement because you wont know exactly which points would be the best spot to jump in and to jump out.

[btccashacc]

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.

Not daily but i will sell my bitcoin if the price is increase yeah buy low sell high even it's small profit, better than never. I focused on how to make steady income by trading, sometimes i lose but not a big deal since i know it's one of the risk in trading.
there are reliable sites out there like bittrex, poloniex and ccex i highly recommend those sites, i personally trade on our local exchanger trading bitcoin to our local currency so those profit i can send them to my local bank.

[20kevin20]

Bitcoin's price is showed daily many times on Bloomberg TV. The price instability and the huge spikes are making it perfect for trading! Traders are looking for currencies they can trade for which they can also make the most profit they can. Having $100.000 in Bitcoin makes every cent moving matter. Instead of GoldOZ/USD which moves only by a few dollars with every important change, Bitcoin can even double or triple.

[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.

Not daily but i will sell my bitcoin if the price is increase yeah buy low sell high even it's small profit, better than never. I focused on how to make steady income by trading, sometimes i lose but not a big deal since i know it's one of the risk in trading.
there are reliable sites out there like bittrex, poloniex and ccex i highly recommend those sites, i personally trade on our local exchanger trading bitcoin to our local currency so those profit i can send them to my local bank.

Yeah that's the idea, many, small profitable trades can outperform one large one. I'm also looking for a way to automate my trades so I don't have to watch for price swings myself. I heard a few people mention trading bots running on certain exchanges. Do we get to "input" our trading buy/sell criteria into these bots? Are they trustworthy?

[QuestionAuthority]

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.

Not daily but i will sell my bitcoin if the price is increase yeah buy low sell high even it's small profit, better than never. I focused on how to make steady income by trading, sometimes i lose but not a big deal since i know it's one of the risk in trading.
there are reliable sites out there like bittrex, poloniex and ccex i highly recommend those sites, i personally trade on our local exchanger trading bitcoin to our local currency so those profit i can send them to my local bank.

Yeah that's the idea, many, small profitable trades can outperform one large one. I'm also looking for a way to automate my trades so I don't have to watch for price swings myself. I heard a few people mention trading bots running on certain exchanges. Do we get to "input" our trading buy/sell criteria into these bots? Are they trustworthy?

That's exactly how they work. Yeah, they're trustworthy because they're open source. Try one of these: https://sourceforge.net/directory/?q=bitcoin+trading+bot

There are bots available for almost every exchange.

[aakashsangwan]

I used to day trade bitcoins in past, and sometimes also did arbitrage with success.

[dothebeats]

I know a few people in our circle of friends that really is into day trading bitcoin. They are posting their profits every time they made a good day out of that. Also, shorters seem to enjoy this current situation in btc right now. Instability in prices is like the waves of the shorters in surfing.

[twodrive01]

Or do you mean does anybody make money day trade bitcoin? answer: No.

[tigerwood0432]

i trade bitcoin futures on OKC (up to 20x leverage)

weekly not daily (day trading is very stressful)

here is the link :

invite code promotional:

https://www.okcoin.com/?invid=2021275

you can also trade btc up to 20 times your capital (futures)

here is a tutorial :

http://okcoin-tutorial-begginers-guide.blogspot.de/

[pinkflower]

Tradingview.com offers a nice feature called paper trading where you can trade with fake money. I've been playing around with it for about a week. it's much better than trading with your real money when you are learning. I'm planning on doing it for a few weeks and eventually try real money trading.

Thank you for bringing this to our attention. I will try this later if I have the time. Sometimes all that we need is a little practice in trading to make us get used to it. We neither have the formal training or the experience for it so playing with play money is always good.

[Hammerschmidt]

That's exactly how they work. Yeah, they're trustworthy because they're open source. Try one of these: https://sourceforge.net/directory/?q=bitcoin+trading+bot

There are bots available for almost every exchange.

Wow thanks that's EXACTLY what I was hoping for!

[R00TC0IN]

You can always try my bot out if you like for the poloniex lending system, Its a good way to make your bitcoin earn money while you sit back and let the bot do the market analysis and make percentile loans and looks to take advantage of "spikes" in the lending and order books.

Have a look at the topic if your interested in day trading. We also do trading on the platform and offer a signals service for alerts.

https://bitcointalk.org/index.php?topic=1744380.0

Trading signals

https://bitcointalk.org/index.php?topic=1747026.0

[Flanagan]

Before you begin you need to know that:

Over 90% of traders lose money (any market).
You are basically competing with the best mathematicians in the world and their hardware.

Having said that, since you are going to trade anyway, good luck and enjoy your losses !

As I mentioned in an earlier post, I'm in my second year of doing this. You don't need any math beyond 1st year calculus and an understanding of first and second derivatives. Most smart high school seniors and any freshman science or engineering major will possess the skills to mitigate losses and make steady progress.

By my charting, 2.9 BTC of my 8.0 were accumulated profits over a span of call it 18 months. Not sophisticated trading. Just understanding the rate of change and rate of rate of change indicators, and keeping track of each small piece of BTC and what was paid for it.

If I were to give an appropriate metaphor, imagine a jigsaw puzzle fully completed, and on the back was a different BTC amount and what was paid for it. Any trade to follow that is a sell, select only those pieces with smaller purchase BTC. You can see how this turns the "mystique" of it all into a game a child could play.

Hahaha, sure, it's so easy that 90% are making money instead of losing...where's the money coming from then I wonder?

[Hammerschmidt]

Before you begin you need to know that:

Over 90% of traders lose money (any market).
You are basically competing with the best mathematicians in the world and their hardware.

Having said that, since you are going to trade anyway, good luck and enjoy your losses !

As I mentioned in an earlier post, I'm in my second year of doing this. You don't need any math beyond 1st year calculus and an understanding of first and second derivatives. Most smart high school seniors and any freshman science or engineering major will possess the skills to mitigate losses and make steady progress.

By my charting, 2.9 BTC of my 8.0 were accumulated profits over a span of call it 18 months. Not sophisticated trading. Just understanding the rate of change and rate of rate of change indicators, and keeping track of each small piece of BTC and what was paid for it.

If I were to give an appropriate metaphor, imagine a jigsaw puzzle fully completed, and on the back was a different BTC amount and what was paid for it. Any trade to follow that is a sell, select only those pieces with smaller purchase BTC. You can see how this turns the "mystique" of it all into a game a child could play.

Hahaha, sure, it's so easy that 90% are making money instead of losing...where's the money coming from then I wonder?

He said 90% are losing money.

[deisik]

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

It seems that now you finally got it

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?

It seems also that you are talking about exchanges

And there are many of these. One of the posters mentioned btc-e earlier and I agree with such a choice. Regarding day trading, this is probably not the best thing for a novice. If you blindly follow some strategy based on TA, you are in for losses, but in order to trade smartly you need experience and psychological resistance to possible losses. The best thing you can go for given the circumstances is likely doing dollar cost averaging. You can find more about that in Google

[Hammerschmidt]

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

It seems that now you finally got it

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?

It seems also that you are talking about exchanges

And there are many of these. One of the posters mentioned btc-e earlier and I agree with such a choice. Regarding day trading, this is probably not the best thing for a novice. If you blindly follow some strategy based on TA, you are in for losses, but in order to trade smartly you need experience and psychological resistance to possible losses. The best thing you can go for given the circumstances is likely doing dollar cost averaging. You can find more about that in Google

At a very high level, I can't force myself to agree with the "short term mostly loses" mentality. Is not the "long term," by definition, the sum of many short terms? If compared with an even longer time scale, is not your hypothetical long term a relative short term? If so, you have created a "losing fractal," and at every scale, losses exist.

[ashcrypto]

Bitcoin's price is showed daily many times on Bloomberg TV. The price instability and the huge spikes are making it perfect for trading! Traders are looking for currencies they can trade for which they can also make the most profit they can. Having $100.000 in Bitcoin makes every cent moving matter. Instead of GoldOZ/USD which moves only by a few dollars with every important change, Bitcoin can even double or triple.

It' such a fkn aggravation. Buy and hold. Every time I fkn sell my positions it goes up. Last night I sold at 4840 thinking it was coming back down a bit and I wake up to an over 5k bitcoin. I'm so fkn pissed. Now will have to wait for a retracement. TRading is one of the most aggravating things you can do. Buy and HOLD unless it's really confirmed that it will fall.

[OracionSeis]

Bitcoin's price is showed daily many times on Bloomberg TV. The price instability and the huge spikes are making it perfect for trading! Traders are looking for currencies they can trade for which they can also make the most profit they can. Having $100.000 in Bitcoin makes every cent moving matter. Instead of GoldOZ/USD which moves only by a few dollars with every important change, Bitcoin can even double or triple.

It' such a fkn aggravation. Buy and hold. Every time I fkn sell my positions it goes up. Last night I sold at 4840 thinking it was coming back down a bit and I wake up to an over 5k bitcoin. I'm so fkn pissed. Now will have to wait for a retracement. TRading is one of the most aggravating things you can do. Buy and HOLD unless it's really confirmed that it will fall.

You hold it but you have not any target, therefore how do you take profits? Depends on each cycle? Nope, I do not think this is the good choice for a professional trader or a really investor. This is the way for gamblers.

[digaran]

How many exchanges do you know that you could freely day trade and earn any profit? trading alt coins for Bitcoin is possible to do and earn something worth the time, but Bitcoin to fiat is not worth it if you are small.

[ntb85]

selling high and buying lower is not risky, but shorting them on leverage can be...

[Kevin77]

I used to day trade bitcoins in past, and sometimes also did arbitrage with success.

Daily can really be stressful but comes with a huge profit if you are good at it. Apparently, more stress, more money. At first it almost cost me sleepless night when I first started and ended up having insomnia as everything on my mind is usually the trade I was missing at that moment in time.
It was fun though and for anyone with the strength or time, it is actually a good one when mixed with long term as well.

[grayhound]

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 had tried day trading before but i cannot tolerate the stress it brings you really have to guard the capital invested on a day to day basis which is hard for me and really stressful. Thats why I shift to long term investment.

[Ann Impas]

Mostly altcoins because BTC is a huge amount and hard to day trade because people are holding for a bigger amount so i prefer you to hold. but in altcoins you can daytrade because of people buys then sells it alot in a short period of time.

[katiecbell]

Mostly altcoins because BTC is a huge amount and hard to day trade because people are holding for a bigger amount so i prefer you to hold. but in altcoins you can daytrade because of people buys then sells it alot in a short period of time.

Only a fool can do day trading that too with bitcoin when currently bitcoin is residing at 5600 dollars. Bitcoin is not meant to be used for such trivial methods of making profits. This digital currency is the diamond of digital world and no one would like to do trading with it. Trading should be done with altcoins because even if you lose them, they don’t put you in great losses.

[cryptowilie]

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.



i am a forex trader and i have been obeserving the price behaviors of btc and other cryptocurrencies. I think it is possible to daytrade cryptocurrencies especially if you are able to do technical analysis on cryptocurrency charts. also you can join forums where you can be folowing discusssins and signals on those cryptocurrencies and you will be able to learn one or two things regarding the same.

[Ewox]

Mostly altcoins because BTC is a huge amount and hard to day trade because people are holding for a bigger amount so i prefer you to hold. but in altcoins you can daytrade because of people buys then sells it alot in a short period of time.

Only a fool can do day trading that too with bitcoin when currently bitcoin is residing at 5600 dollars. Bitcoin is not meant to be used for such trivial methods of making profits. This digital currency is the diamond of digital world and no one would like to do trading with it. Trading should be done with altcoins because even if you lose them, they don’t put you in great losses.

I agree and I don't think people are day trading bitcoin nowadays because of how much bitcoin could be worth, most of the traders prefer to hold on to their bitcoin for long term because they know in about a few years it'll be worth than the profit you earn daily.

[cryptowilie]

Mostly altcoins because BTC is a huge amount and hard to day trade because people are holding for a bigger amount so i prefer you to hold. but in altcoins you can daytrade because of people buys then sells it alot in a short period of time.

Only a fool can do day trading that too with bitcoin when currently bitcoin is residing at 5600 dollars. Bitcoin is not meant to be used for such trivial methods of making profits. This digital currency is the diamond of digital world and no one would like to do trading with it. Trading should be done with altcoins because even if you lose them, they don’t put you in great losses.

I agree and I don't think people are day trading bitcoin nowadays because of how much bitcoin could be worth, most of the traders prefer to hold on to their bitcoin for long term because they know in about a few years it'll be worth than the profit you earn daily.

Good insights

[Wipro]

Mostly altcoins because BTC is a huge amount and hard to day trade because people are holding for a bigger amount so i prefer you to hold. but in altcoins you can daytrade because of people buys then sells it alot in a short period of time.

Only a fool can do day trading that too with bitcoin when currently bitcoin is residing at 5600 dollars. Bitcoin is not meant to be used for such trivial methods of making profits. This digital currency is the diamond of digital world and no one would like to do trading with it. Trading should be done with altcoins because even if you lose them, they don’t put you in great losses.

Why bro bitcoin price fluctuate around the 5.6K now in this especially you can get into the bitcoin trading completely to make more money. If you wish to earn the bitcoin day trading is the best to go actually. Need to have eye on price graph all the time so you can manage your trading account more precisely to get the trade frequently from the all the people. You can earn the money as you have control at all the time.

[khalifa25]

for me 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