Day trading

[r32godzilla]

Based on our analysis we try to hold a coin for not longer than 2-3 weeks. And mostly we're correct.
It always depends on what are interests. If you bought DASH a year ago and sold now you can have huge profits. I personally try to jump in of o see a pump is coming and try to go after good profit.
I bought DASH around 0.03 and sold at 0.6. Yes if I see now there was more possible. But to double the amount within 2 weeks is better than holding on my opinion.

Yeah you doubled your investments in two weeks which is a great result and if you have not sold and waited for more higher price then there is a possibility that you would not have made profits as price may even go lower in next few hours.

[1714912841]

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[1714912841]

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[JeffBrad12]

Based on our analysis we try to hold a coin for not longer than 2-3 weeks. And mostly we're correct.
It always depends on what are interests. If you bought DASH a year ago and sold now you can have huge profits. I personally try to jump in of o see a pump is coming and try to go after good profit.
I bought DASH around 0.03 and sold at 0.6. Yes if I see now there was more possible. But to double the amount within 2 weeks is better than holding on my opinion.

Yeah you doubled your investments in two weeks which is a great result and if you have not sold and waited for more higher price then there is a possibility that you would not have made profits as price may even go lower in next few hours.

I don't think so because the price of bitcoin is dumped at this time. And BCU is on the way and it will be the bad dream for us. I just think to buy back later. Hold your bitcoin is not good right now. Although you're wanna get free BCU.

[carriebee]

The best for me on day trading is short term basis which is profitable one. This way I can always observe the coin I invested for and when I already earn profit I sold it. Its really hard for now to earn in altcoins because of bitcoin price but the thing is here is to choose which altcoin is best to invest were we can really earn.

[stolendata]

Based on our analysis we try to hold a coin for not longer than 2-3 weeks. And mostly we're correct.
It always depends on what are interests. If you bought DASH a year ago and sold now you can have huge profits. I personally try to jump in of o see a pump is coming and try to go after good profit.
I bought DASH around 0.03 and sold at 0.6. Yes if I see now there was more possible. But to double the amount within 2 weeks is better than holding on my opinion.

Yeah you doubled your investments in two weeks which is a great result and if you have not sold and waited for more higher price then there is a possibility that you would not have made profits as price may even go lower in next few hours.

I don't think so because the price of bitcoin is dumped at this time. And BCU is on the way and it will be the bad dream for us. I just think to buy back later. Hold your bitcoin is not good right now. Although you're wanna get free BCU.

but to me i think holding bitcoin in the present time will be such a good idea because the price is trading in low price but very soon it is expected that the price of bitcoin will start increasing again.

[jakelyson]

but to me i think holding bitcoin in the present time will be such a good idea because the price is trading in low price but very soon it is expected that the price of bitcoin will start increasing again.

Not true if BCU gets pushed. That is a bad day for bitcoin and it may start a crash on bitcoin price. If ever it may take a long time before the price of bitcoin recovers.

[boyptc]

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

They are both profitable but if you are a patient trader and it's fine for you to wait for a longer time before seeing the result of your investment for buying bitcoin/altcoin. Then go with long term basis or simply holding it for better. But if you can have a good time to monitor your trades on a daily basis, go with day trading.

[richardsNY]

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

They are both profitable but if you are a patient trader and it's fine for you to wait for a longer time before seeing the result of your investment for buying bitcoin/altcoin. Then go with long term basis or simply holding it for better. But if you can have a good time to monitor your trades on a daily basis, go with day trading.

Altcoins should only be used as short term investment option as most of them lose the far majority of their value in the long run. But then again, altcoins are known for their high level of price fluctuations. It's a serious risk that you must be willing to expose yourself to. Mostly people jump into certain altcoins in the hope they get pumped badly. It's basically a gamble since you just depend on luck and hope.

[justdimin]

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

They are both profitable but if you are a patient trader and it's fine for you to wait for a longer time before seeing the result of your investment for buying bitcoin/altcoin. Then go with long term basis or simply holding it for better. But if you can have a good time to monitor your trades on a daily basis, go with day trading.

Altcoins should only be used as short term investment option as most of them lose the far majority of their value in the long run. But then again, altcoins are known for their high level of price fluctuations. It's a serious risk that you must be willing to expose yourself to. Mostly people jump into certain altcoins in the hope they get pumped badly. It's basically a gamble since you just depend on luck and hope.

As far as I have seen, altcoins are very good for big volume manipulators. When one instrument is capable of being controlled by one trader or group of trader, I guess those instruments are most suitable for day trading. In simple assumptions, high fluctuating commodities are suitable for day trading, but it would be trader's responsibility to take care of safeguard himself against those fluctuations.

Day trading typically not suitable for me, as I always prefer fishing on low tide with support of my technical analysis. But I do see many traders are making decent profits through day trading though.

[Reid]

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

There is profit but not that much. A week maybe would be sufficient.
The risk of losing all your money will come with long term basis so you better always check what is happening with one altcoin.
They come and go and that is why short term is the good idea for making a good money.
Just one advice. Don't buy too much. Just test it first and try to get used to what this altcoins are made of or how they work.

[Herbert2020]

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

There is profit but not that much.

what do you call "not much"?
a 3% profit in a couple of hours isn't much? because you can do that in day trading altcoins. it is hard and i usually don't suggest it but i do it sometimes and it is possible to do. and make at least 3-5% in very short term in rising markets and get out. and there are times that a big pump happens and you can make a big 50%-100% profit in a day or two. and we have all seen them many times.

[deisik]

Based on our analysis we try to hold a coin for not longer than 2-3 weeks. And mostly we're correct.
It always depends on what are interests. If you bought DASH a year ago and sold now you can have huge profits. I personally try to jump in of o see a pump is coming and try to go after good profit.
I bought DASH around 0.03 and sold at 0.6. Yes if I see now there was more possible. But to double the amount within 2 weeks is better than holding on my opinion.

Yeah you doubled your investments in two weeks which is a great result and if you have not sold and waited for more higher price then there is a possibility that you would not have made profits as price may even go lower in next few hours.

I don't think so because the price of bitcoin is dumped at this time. And BCU is on the way and it will be the bad dream for us. I just think to buy back later. Hold your bitcoin is not good right now. Although you're wanna get free BCU

Bitcoin Unlimited is likely going to turn out complete FUD in the end

You consider it as a bad dream for us, and obviously, it is not only you. Many think along the same way for basically the same reasons. But did you ask yourself why you came to think so? Why something which should allegedly solve real issues (so they claim) is ever thought of as a bad thing (or even a bad dream, i.e. a nightmare)? If it in fact were a good thing potentially making Bitcoin better, you shouldn't and wouldn't feel that way, right? So something is terribly wrong with that deep inside. And this is called FUD, and this is what the true story behind the BU project is all about

[clickerz]

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

There is profit but not that much.

what do you call "not much"?
a 3% profit in a couple of hours isn't much? because you can do that in day trading altcoins. it is hard and i usually don't suggest it but i do it sometimes and it is possible to do. and make at least 3-5% in very short term in rising markets and get out. and there are times that a big pump happens and you can make a big 50%-100% profit in a day or two. and we have all seen them many times.

I am doing this day trading too.Almost daily I do it whenever I see an opportunity, if I can sell within a day, at least within a week with a minimal profit. But I know, you can earn more if you hold further but its OK to me, I do also have coins being hold for a longer period. There are short term and long term goal also.

[tifossi]

Our kind of trading: https://bitcointalk.org/index.php?topic=1819605.msg18272956#msg18272956
So you can see I'm doing not really day trading but don't do long. I try to buy and sell without a week or two. (Depends on analysis and what market does. )

[Zadicar]

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

There is profit but not that much.

what do you call "not much"?
a 3% profit in a couple of hours isn't much? because you can do that in day trading altcoins. it is hard and i usually don't suggest it but i do it sometimes and it is possible to do. and make at least 3-5% in very short term in rising markets and get out. and there are times that a big pump happens and you can make a big 50%-100% profit in a day or two. and we have all seen them many times.

I am doing this day trading too.Almost daily I do it whenever I see an opportunity, if I can sell within a day, at least within a week with a minimal profit. But I know, you can earn more if you hold further but its OK to me, I do also have coins being hold for a longer period. There are short term and long term goal also.

This would be an effective way of trading on which when we do see an opportunity to sell to secure profits then its a good behavior as a trader but there are traders which they do love to wait for longer times to feel the decent profits for long term but speaking into these strategy is very risky since we dont know if the time they will pump or not.We wait for nothing or not its just like that the same on short trading but i think its much better than long.

[Wintersoldier]

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

They are both profitable but if you are a patient trader and it's fine for you to wait for a longer time before seeing the result of your investment for buying bitcoin/altcoin. Then go with long term basis or simply holding it for better. But if you can have a good time to monitor your trades on a daily basis, go with day trading.

Altcoins should only be used as short term investment option as most of them lose the far majority of their value in the long run. But then again, altcoins are known for their high level of price fluctuations. It's a serious risk that you must be willing to expose yourself to. Mostly people jump into certain altcoins in the hope they get pumped badly. It's basically a gamble since you just depend on luck and hope.

Altcoins are actually tend to liquidate however not all of them mostly like that such as etherum, dash, and monero. Altcoin trading would be more profitable if thou must do it in a long term. Thus, it's not actually good idea if thou must trade with altcoins in a short term or day trading.

[rickadone]

This would be an effective way of trading on which when we do see an opportunity to sell to secure profits then its a good behavior as a trader but there are traders which they do love to wait for longer times to feel the decent profits for long term but speaking into these strategy is very risky since we dont know if the time they will pump or not.We wait for nothing or not its just like that the same on short trading but i think its much better than long.

No, with bitcoin you never will get disappoint with your waiting. I believe you are not talking about bitcoin but about altcoins (as I have never come across anyone climbing they waited for nothing with bitcoin trades).

With respect to bitcoin trading, day trading is only profitable for well skilled traders. But positional trading will be profitable for each and every trader regardless of their knowledge on trading aspects.

For altcoin trading, holding is not recommended and day trading or booking profit within a week will be right way of trading.

[xIIImaL]

This would be an effective way of trading on which when we do see an opportunity to sell to secure profits then its a good behavior as a trader but there are traders which they do love to wait for longer times to feel the decent profits for long term but speaking into these strategy is very risky since we dont know if the time they will pump or not.We wait for nothing or not its just like that the same on short trading but i think its much better than long.

No, with bitcoin you never will get disappoint with your waiting. I believe you are not talking about bitcoin but about altcoins (as I have never come across anyone climbing they waited for nothing with bitcoin trades).

With respect to bitcoin trading, day trading is only profitable for well skilled traders. But positional trading will be profitable for each and every trader regardless of their knowledge on trading aspects.

For altcoin trading, holding is not recommended and day trading or booking profit within a week will be right way of trading.

Yup no one will suggest to any one to hold the altcoins, but bitcoin can be hold for long term and people who uses altcoins much also will save the bitcoins. Therefore you can start trading via bitcoins. You do via yobit, polenix or coinbase. I will always prefer to via localbitcoins, because the it has to automated escrow services, two-factor authentification, most trusted sellers and buyers. This made me stick with bitcoin and localbitcoins.

[richardsNY]

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

They are both profitable but if you are a patient trader and it's fine for you to wait for a longer time before seeing the result of your investment for buying bitcoin/altcoin. Then go with long term basis or simply holding it for better. But if you can have a good time to monitor your trades on a daily basis, go with day trading.

Altcoins should only be used as short term investment option as most of them lose the far majority of their value in the long run. But then again, altcoins are known for their high level of price fluctuations. It's a serious risk that you must be willing to expose yourself to. Mostly people jump into certain altcoins in the hope they get pumped badly. It's basically a gamble since you just depend on luck and hope.

Altcoins are actually tend to liquidate however not all of them mostly like that such as etherum, dash, and monero. Altcoin trading would be more profitable if thou must do it in a long term. Thus, it's not actually good idea if thou must trade with altcoins in a short term or day trading.

Altcoins enjoy frequent fluctuations in a relatively short time, so if you follow repetitive patterns, there is a decent profit to be made with day trading. Other than that, is there such a thing as long term trading? It's either a long term investment, or people looking to benefit from the short term fluctuations by trading. If you look at ETH, DASH, XMR, they actually have a decent dev team and a well sized community. That's not really the case with the majority of the copy and paste coins -- these coins sink deeper and deeper.

[boyptc]

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

They are both profitable but if you are a patient trader and it's fine for you to wait for a longer time before seeing the result of your investment for buying bitcoin/altcoin. Then go with long term basis or simply holding it for better. But if you can have a good time to monitor your trades on a daily basis, go with day trading.

Altcoins should only be used as short term investment option as most of them lose the far majority of their value in the long run. But then again, altcoins are known for their high level of price fluctuations. It's a serious risk that you must be willing to expose yourself to. Mostly people jump into certain altcoins in the hope they get pumped badly. It's basically a gamble since you just depend on luck and hope.

There are alt coins that are also good for long term investment like ETH and XMR. That is just depending on how you can see an alt coin that can give you stability in trading. It's not new that traders are jumping from one coin to another coin. As long as it is going to be profitable for them they are going to stick with it.

[coinplus]

There are alt coins that are also good for long term investment like ETH and XMR. That is just depending on how you can see an alt coin that can give you stability in trading. It's not new that traders are jumping from one coin to another coin. As long as it is going to be profitable for them they are going to stick with it.

But current market situation is complete different from what we had some 6 months back. Traders were in dilemma to choose right pair of instruments for better profits. At those times, it would be really impossible for most of the traders to make profits from day trading.

Might be now a days traders are getting chances to make profits through day trading as markets are showing fluctuations in long price ranges. At the same time when we are considering about the negative aspects of high volatility, we will get more losses in day trading if our technical support slips away.