Day trading

[Dimelord]

In altcoin trading,is day trading profitable or trading on a long term basis?

[talkbitcoin]

In altcoin trading,is day trading profitable or trading on a long term basis?

in my opinion day trading is profitable and it actually is more profitable than doing it long term.
because altcoins are usually dead in the long term or even if they are not dead like the top altcoins, they have very lengthy dead times in between their pumps.
this means in the short term when they are getting pumped or even having daily fluctuations you can get in and make some profit.

[calkob]

In altcoin trading,is day trading profitable or trading on a long term basis?

Day trading can be profitable if you know what you are doing and understand both the fundamentals and the technical s.  Some of the altcoins can co;;apse in price at anytime, i should know i have been caught out a few times after starting a trade.  So you need big swingers sometimes.

[Hassan02]

In altcoin trading,is day trading profitable or trading on a long term basis?

Daily trading is much profitable for me you just play it in short trade which is you can roll it many times as long as you make profit. The real question is which coin is much profitable for daily trades?

[Idrisu]

In altcoin trading,is day trading profitable or trading on a long term basis?

if you are an experience trader? " Day trading" is very profitable because altcoins price fluctuations every minute. To me long terms is not even good for bitcoin talk more of altcoins as the price can not face a directions continuously in a month this creates opportunity for day trader.

[BrewMaster]

it can technically be profitable but it is always a hard thing to pull off successfully and you need to be good at it. this means you need to be able to predict the price and its movement and have solid plans for when to buy and when to sell. and in this process if you get emotional and distracted you will lose.

[Just Developer]

In general I follow a weekly price schedule. I buy at a low price and sell at a high price.
Much more technical analysis is needed in daily and hourly transactions. You need to spend more time.
This causes more stress and risk. Your chances of making mistakes are increasing.

[ethereumhunter]

In altcoin trading,is day trading profitable or trading on a long term basis?

i think for daily trading we can make profitable too like long term trading but we need to have a good research or analysis on the coins. for daily trading i suggest to trading btc pair altcoin because the probability to make big profit is wide open so all we need to do is make a good analysis to decide the buy and sell price.

[tifossi]

Both can work. Depends on what you want. You can make 1-3% a day with a bot (if you know what coin to trade) or you jump into a small pump and try to grab 2-3% per trade.
I personally have no problem to wait a week or two to make 50-150% profit. With the right strategy and good analysis it's easily possible to make 50% per week without stress.

[Arcteryx]

I think it could be profitable right now cause of the price gaining all the sudden.
And with the news so imminently close of what will happen to the price in just 2 days from now with the announcement of the Etf approval or it might not happen.

[Bitcoinsummoner]

I think if you are long term trader you are just losing opportunity when the time of the price of price increase and decreases.. because if you are for long term trader if the price of bitcoin is going  to increase right now and decrease soon  you are just losing this opportunity to make profit and wait for more months and years before you sell you will just earn few compare to day trader..  this is just what i experience..

[avatar_kiyoshi]

I prefer do a day trading (short term) for altcoin, because the price fluctuations and the age of the coin itself.
And I think it's better to do arbitrage because the price range between one exchange to other more wide rather than bitcoin.

[dihari]

Short time or long time trading, which is good?
I think if its measured by how profit is it, it depend on what kind commodity or stock you trade. Let's say you trade gold, if we look on gold's character in the market, I have to say gold is good for long time trading. Because it have a stable price certainly rise slowly.
What about altcoins? Some coin have the same character like gold, some other cannot be predict by its pump and dump. But you have to remember this old quote, don't ever save your money on altcoins for long time. Because you know there is no assurance the developers will be consistent with their project. So day trade is better for altcoin.
What if we do trade bitcoin? Bitcoin has an extreme fluctuations that good for day traders. How profit bitcoin on day trading? It base on how much is your fund.

[JeffBrad12]

In altcoin trading,is day trading profitable or trading on a long term basis?

All of them are depend on the Market, you need a good market movement to get a daily trade and i think most of the altcoin trading is worth for the long-term trading. because too difficult predicting the market movement. I think long-term trading is better. You can't do a day trading of the price is always bullish or bearish.

[ImHash]

Almost $200M is being traded in bitcoin alone daily, that is a great indicator of success in day trading don't you think?

[tifossi]

If you will day trading the altcoins we need more volume there.
Dash looking really good and will hit 0.05 soon. DCR looking good too. So yes, you can make a lot of money

[milewilda]

In altcoin trading,is day trading profitable or trading on a long term basis?

in my opinion day trading is profitable and it actually is more profitable than doing it long term.
because altcoins are usually dead in the long term or even if they are not dead like the top altcoins, they have very lengthy dead times in between their pumps.
this means in the short term when they are getting pumped or even having daily fluctuations you can get in and make some profit.

This is right,day trading on altcoin would be profitable since their volatile movements do happen on short periods of time.In my own opinion trading alts would be better if you don't tend to put it on longer terms because we all know that most alts just pump and then dump forever.

[gribble]

In altcoin trading,is day trading profitable or trading on a long term basis?

Yes of course day trading is profitable in altcoins trading, but the altcoins which be traded must has large volume of transaction daily, usually ethereum has large volume of transaction also ethereum has high fluctuation of price daily too, and other reason on trading ethereum always there are dumping and pumping in it.

[pooya87]

In altcoin trading,is day trading profitable or trading on a long term basis?

if by long term you mean like holding altcoins for more than a month then it is not such a good idea for 99.99% of the altcoins because they are mostly dying coins which go down in long term and have pumps in short term. so change your long term basis to less than a week and it is a good strategy.

and for day trading it is good if you know how to do it and can find a good entry price.

[Dudeperfect]

I think it depends on the price movements and our trading strategies. If you are investing 1 BTC for a period of 1 month on average growth altcoin then you will make around 5%  to 10% on your investment but it you are investing 0.10 BTC with high leverage for the period of 1 day then you will probably make 10% to 50% returns. However the bigger the risk, the chance of losing capital increases.