Does anyone "Day Trade" Bitcoin

[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.