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artoftrolling3
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September 23, 2017, 03:42:30 AM
 #1

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
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September 23, 2017, 03:50:23 AM
 #2

it's all depend on your situation,financial,and your strategy.
from $100+ is a good amount of money to start trading,i think your capital does not help you to do trade but instead,
the most important thing that you need to know is how much your financial and how much that you can lose.
trading cryptocurrency aka Bitcoin and else are not same like forex and other assets,
you can lose it in the next day and you can double it in the next day.
it's very hard to predict the price because it can be manipulated by some people/groups.

just make sure that you have financial back up,no matter how much your money/capital is,
as long as you have a financial back up and strategy it's a good start to do the trade in the cryptocurrency.
and my suggestion is try to do it by small amount first,try to feel it.how it works,market sentiment and movement.
later on you can work your way up

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September 23, 2017, 03:54:04 AM
 #3

Frankly, if day trading is your experiment here, I'd suggest a very small amount.  Like $20-$100.  See how you do, and you'll probably end up losing like most people do.

People went insane in the 1990s, quitting their jobs to trade stocks online because it was a raging bull market.  Then they found out what happens when you don't know what you're doing, and the market suddenly stops going straight up.  It's real easy to make money in bull markets.  You might even get lucky trading some altcoins, but the market is highly irrational.  So I suggest you 1) Not quit your day job, and 2) Go small at first.  This recommendation is being given to you by someone who wouldn't trade altcoins if you had a gun to his head.  I think it's for people who don't have all their marbles, but more power to you.


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tobi4255
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September 23, 2017, 04:31:37 AM
 #4

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

Its an OK amount.

I started with that much.

But learn this, I earned over 2000$ doing many things for coins.

You dont need to trade. Its risky and stressful

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September 23, 2017, 04:40:30 AM
 #5

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

$100-200 is a good amount, i started with the same capital. The most important thing is you should learn from your trading experience and try to gain more knowledge before you decide to increase your capital. When i started investing, i lose half of my capital but fortunately i was able to recover it.

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September 23, 2017, 05:15:11 AM
 #6

Here's my tips, do not trade money that you can't afford to lose. Big or small money are still money, when it comes to trading if you have fear because you've thinking you gonna lose it, stop trading. Just add some fun and dont mind if you lose, all traders suffer from losing. Just relax and keep calm.

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September 23, 2017, 05:51:35 AM
 #7

Hundred bucks actually is enough. But if you want to maximize your profits, of course you have to make your capital big also. Day trade is profitable. But long trade will make your money grow safer. Slowly but surely. Also day trade is more risky. It's up to you what strategy you want to do. But before you jump to cryptocurrency trading. Make sure you already learn how to do it and learn how to analyze things. Hundred bucks is a good start since you are a newbie. It's important also to have discipline coz it will surely test your emotions. Remember, only use amounts that you can afford to lose. Trading is like
 gambling but if you have knowledge, it can give $$$


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September 23, 2017, 05:55:28 AM
 #8


follow bitcoin trading only if you have such capital.

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September 23, 2017, 06:10:23 AM
 #9

well, I can notice trading become a trend nowadays. As, you intend to invest like $200 worth of bitcoin, reasonable amount. Here's my tips, Don't play trading with Bitcoin or other CC if you are not an expert, pay for following trader signals and take profits om daily basis.

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September 23, 2017, 07:15:59 AM
 #10

For me, day trading is not a bad idea. But I will prefer to choose Alt/Usdt than buy alt/btc. Even not all of altcoin can be purchased with fiat directly, but its more safe and profitable when looking market at this moment. But this is depends on your strategy or goal why prefer to choose day trading.



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September 23, 2017, 08:12:18 AM
 #11

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

any amount of investment you can start for trading but think the profit according to it, if you stick with 20 to 30%  of profit for day trading then it will be good for you as it will be higher return on long term dont go greedy and want 100% profit in a day. If you follow this procedure then surely you will be in profit.














 

 

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September 23, 2017, 08:30:31 AM
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There is no minimum amount to start you only need knowledge before entering the market so that you are easily to make strategies in the market. Day trading is one of the good way to earn a profit in trading but it is risky or you can missed a big opportunity because you sell a certain coin in just a day on which it have a big possibilities to pump in the another day.

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September 23, 2017, 09:19:46 AM
 #13

While you're at it you can also check some sites that offers test money for you to try out day trading before you invest real money in there. You can gauge how the market reacts and how fast a change cab occur in real-time markets without risking anything yet. This is the best thing you can do before you really dip your hands into trading.

Edit: I forgot to include what simulator am I talking about but I use Investopedia's trading simulator. Not great and all but it will help you gain some knowledge in actual trades.

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September 23, 2017, 10:08:43 AM
 #14

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

Day trading can be done with capital of $100 - $200 . Its looks very simple but you need to take it seriously because it requires good practise and good mindset. You need to check few things that matters most before you start trading day trades. You need to know how much you need to risk, then comes the tools you need to use proper tools at proper time in that particular market conditions. Next is Emotions-you need to take care of your emotions if you want to make some serious money that's all i can say best of luck.

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September 23, 2017, 10:41:27 AM
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I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

Day trading can be done with capital of $100 - $200 . Its looks very simple but you need to take it seriously because it requires good practise and good mindset. You need to check few things that matters most before you start trading day trades. You need to know how much you need to risk, then comes the tools you need to use proper tools at proper time in that particular market conditions. Next is Emotions-you need to take care of your emotions if you want to make some serious money that's all i can say best of luck.

What limit you set it is the perfect amount for day trading. Investing big amount is a risk in day trading. There are some coins those coins price always vary from 50 to 60% you can check the top 20 coins you will get to know. You study that coins few days and see how it works when you are confirmed that these coins will give you profit in short period of time you can buy those coins and do trading.
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September 23, 2017, 11:55:40 AM
 #16

I would definately divide the capital into coins for long-term and coins for daytrading.

50/50 should be fine. gain profits with the day trading on stable reputable coins with good volume. Be sure to invest in long-term holds from your profits too so it stays 50/50.
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September 23, 2017, 02:01:51 PM
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I lack skillfulness of day trading techniques, because i think deviation too small, and as it like a job that takes my time. Long term  really a trading strategy that makes me feel comfortable, because this is an investment. So, i don't need to hurry for make open or close order.

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September 23, 2017, 02:54:19 PM
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I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.


Day trading isn't an easy venture. Your budget is okay to get a feel of things and start. If you are successful with that amount then you can confidently invest more, if things go pear shaped, you would have learnt a lot about yourself and trading with out risking much.
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September 23, 2017, 03:00:43 PM
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I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
Posting on this board is just fine since its all about trading and back into your question those funds you do budget for 1st try out on short trading would really be just enough since this is also my start up when i was still a newbie and starting on doing trading but i would like to advice that short or day trading is somehow hard and riskier compared on long term trades.Loses will surely be experienced and its normal because of unpredictable movements of the price.

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September 23, 2017, 03:12:31 PM
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I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
Trading is a mind game specially in day trading since your goal is to sell what you bought within the day, so if your are not familiar with the coins that you plan to trade and you are not well equipped with knowledge in reading charts and those candlestick the day trading is not for you. You can start with $100 and set a goal of at least 3-5% profit then sell and move to another. i would rather take a 3-5% profit than 3-5% loss.

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September 23, 2017, 06:19:27 PM
 #21

Thanks guys, I appreciate the tips from everyone. Hopefully I'll be able to take everything into consideration and make something good happen.
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September 23, 2017, 06:36:04 PM
 #22

Although you could daytrade with such an amount the biggest problem is exchange fees. After such costs are taken by the exchanger you may end up only earning a few cents per trade but at least it will give you experience.
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September 26, 2017, 07:15:16 AM
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I really like to do day trading, because I just rely on some pump and a short dump. I think $ 100- $ 200 is a good start for a newbie, I recommend not being too pushy to use a large capital in trading. unless you are already an expert in trading.

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September 26, 2017, 07:33:24 AM
 #24

Since i'm a new trader and i can relate to your experience, here's what i've learned so far:
1. Don't aim too high. If the profit is 5-10%, take it, don't expect it to raise much more. Of course the best thing is to sell at the top, but you will never know how high it can get.
2. Every other coin is related in some way to bitcoin. So learn to trade bitcoin first and learn how bitcoin prices affect other crypto currencies. From what i've noticed, if bitcoin prices go up, almost all other cryptos go up. The same thing applies when bitcoin prices go down.
3. Never ever buy other cryptos when you don't know too much about them.
4. Don't panic when prices go down, you can either identify  the coin that gets pumped up when bitcoin value goes down, or you can just hold.
5. If you are in a shitty situation like i was a couple of days ago with Bitcoin Cash, first wait, then react.
6. You can't win in all situations, sometimes you're going to lose, settle for the loss if the situation is very bad.
7. Learn about trading strategies, learn about indicators and so on.
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September 26, 2017, 07:37:14 AM
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I agree with the previous posters, crypto is just too volatile and unpredictable right now, even seasoned traders get burned. You're better off picking a couple solid coins and hold. 
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September 26, 2017, 07:41:47 AM
 #26

I agree with the previous posters, crypto is just too volatile and unpredictable right now, even seasoned traders get burned. You're better off picking a couple solid coins and hold. 
That's when you make profit, when the market is volatile, so that's a good thing for day traders.
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September 29, 2017, 10:48:16 AM
 #27

I really like to do day trading, because I just rely on some pump and a short dump. I think $ 100- $ 200 is a good start for a newbie, I recommend not being too pushy to use a large capital in trading. unless you are already an expert in trading.
Keeping small amounts in business in the start is better approach I must say. You don’t have to be greedy and invest some huge capital, no, that could harm you. So better is take rise with little business amounts and then practice.

Learn from mistakes and earn more money. Day trading is best tool for getting more experience in this field.

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September 29, 2017, 10:53:54 AM
 #28

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

IT is possible. FOr me daytrading is safer if you attend to two rules. DOn´t be greedy. Aim for small profit at a time. And trade BTC for coins you believe long term. If you are learning, you will "loose" . So if you get stuck with a coin you believe long term you will not be sweating and panic selling at losses.

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September 29, 2017, 01:39:45 PM
 #29

I think that bitcoin should traded in a long term basis and day trading will not be profitable for bitcoin market.The price variation is very low in bitcoin in a small duration of time.But day trading would best suit for altcoin market as altcoin market is highly volatile.Short profits could be quickly made.Day trading could be done repeatedly within a day many times by fixing a low profit margin.Long term trading does not suit for altcoin market.
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September 29, 2017, 02:02:21 PM
 #30

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
Day trading is depend on your capital availability, then if any of the altcoin in the exchange platform are movable which you think is very aggressive in the value it s a sign for you to that coins in that day. So that you can gain and get bitcoin as well too.

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September 29, 2017, 02:16:27 PM
 #31

Thanks guys, I appreciate the tips from everyone. Hopefully I'll be able to take everything into consideration and make something good happen.

Good luck to you and your trading! Always keep in mind that trading can be learned and the amount you want to spend in trading should be your spare amount of money or money intended for trading because there are times the coins are dumping and you can't expect it is pumping every time so you need to have a lot of patience too when trading but it will be worthwhile though.

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September 29, 2017, 02:24:59 PM
 #32

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

Those amounts are not enough for day trading becuase day trading is the idea that earn a small percent from a big capital while trading.

You need to get at least 1 btc valued capital to do it efficiently.

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September 29, 2017, 02:33:29 PM
 #33

With this amount is enough for day trading. Trading is a high risk with high profits so capital that use for trading for the better capital that afford to lose. If you are still a beginner,  should be learn about technical and fundamental analysis first, besides that rule the more important think to get consistent profit is keep patience in analyzing market and do not greedy when taking profit.

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September 29, 2017, 02:46:25 PM
 #34

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

Yes thats a good amount to start day trading so that it won't hurt you if you will have some loses since its expected to experience that when you are just a newbie. But day trading is not advisable for someone who just started trading there will be big pressure and emotional stress if you will jump into that strategy, better take it slow first.
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September 29, 2017, 02:56:57 PM
 #35

those amount is enough to starting trading but regarding the profit still depend on your skill to predict the market movement however sometimes bitcoin price movement was pretty slow so we cannot rely on daily trading to get profit

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September 29, 2017, 03:00:05 PM
 #36

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
$100 and $200 is not significant amount for day trading, what you can usually make with day trading is less than 5% of your total bankroll that also only if you can trade correctly and can predict different price levels.
 
5% is only 5$-10$ per day max you can make with that amount, if that amount is enough for you than you can start day trading. But don't expect to earn any profit for first few weeks and you can also lost those $100 or $200 when learning trading. So only put what you can afford to loss in day trading.


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September 29, 2017, 03:14:50 PM
 #37

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
[/quote

$100-$200 is a fine amount in my opinion. You won't be making a lot but you will certainly be able to grow your amount over time and the information and understanding you gain from actively trading will be invaluable. You will probably have a lot of bad days and make a lot of silly mistakes to begin with so it's always better to start with a smaller amount.

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September 29, 2017, 07:23:32 PM
 #38

You can start with whatever amount you like or have right now, don't just put everything you have in one coin. Only trade coins that have huge daily trading volume, coin with low marketcap or trading volume are not ideal for day trading.



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September 29, 2017, 07:26:32 PM
 #39

You can start with that amount, but you are going to earn so little money everyday.. With that amount you can earn 1% a day or maybe more because it is a small balance and you can take more risks, but 1% of 100$ is just $1, and imagine how it would be if you want to raise your budget with one dollar a day, it would take you three months to have $200 on your balance.
So it is better to try to earn more money, at least $500 or a little bit more, and then start trading.


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September 29, 2017, 07:46:08 PM
 #40

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
Day trading is depend on your capital availability, then if any of the altcoin in the exchange platform are movable which you think is very aggressive in the value it s a sign for you to that coins in that day. So that you can gain and get bitcoin as well too.
Nope, I think trading in a long term depends on your capital than day trading, because it need you have a huge money to make a big profits in once time. Of course if your capital very small, it not useful although your order still give you a profits.


     
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September 29, 2017, 08:36:23 PM
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Day trading was really hard for me in the beginning. You won't be able to sleep relaxed because your mind is on the trade. After some time it gets better and you will learn to step down from risky trades. This was my experience.

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September 29, 2017, 10:09:26 PM
 #42

For me intraday trading is the best way to earn money, especially this kind of trading suitable for altcoins, which are changed every moment.

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September 29, 2017, 10:17:47 PM
 #43

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
If you dont have enough knowledge about projects and how blockchain works and etc. At first it is better to gain some experience and start to trade with a really small ammounts for example 50$, after you will start to get profit daily you can try to invest more and so on. Still at first it is better to have some basic knowledge of where you want to invest in.

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September 29, 2017, 11:53:46 PM
 #44

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
Day training is an another good way. I think it is instant way to earn money. In this case, capital is not main factor. You should need to know basic rules of trading and follow it. If you are not an expert on trading, capital will not help you in this condition. So use your capital on right way for trading.

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September 30, 2017, 12:33:46 AM
 #45

I think  $100-200 is suitable for a student, if you have a job and want to invest in something to have a good reward, I suggest you begin with 1 BTC.

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September 30, 2017, 03:15:54 AM
 #46

To be honest if you are not that familiar with trading then start with a small amout or better trade with a demo account. That $200 will disappear right away if you do not have any idea with trading.

But if you actually have an idea with trading but not with crypto trading then for starters thats enough. You just need to get familiat with the other coins.

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September 30, 2017, 03:52:39 AM
 #47

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
Experiment, put a little then you'll see how it goes, it all depends on you well and the currency jumps, you can go up and maybe not, it's hard to say. But the amount is normal.

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September 30, 2017, 04:12:04 AM
 #48

I think  $100-200 is suitable for a student, if you have a job and want to invest in something to have a good reward, I suggest you begin with 1 BTC.

Be cautious when you are doing day trading with 1 Btc at beginning beacuse hope you are aware that trading is very risky and it involves the understanding of technical analysis as well as knowing when to entry and exit the market to make profits . Then only day trading can be profitable else you may even lose the money easily .

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September 30, 2017, 04:15:53 AM
 #49

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
i think no need for big invest here because even its little you can earn like day by day study first the trading i recommend xem buf the earnings is for long term the price is volatile but i earn by that just a little then you can earn also in faucet here no invest and no risk

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September 30, 2017, 05:07:56 AM
 #50

There are a lot of coins to start trading intraday. Of course, it depends on a strategy you use. Where are a lot of coins with a small price for 1 coin and good market capitalization. Look at their charts, think, apply your strategy and make the profit. I usually use http://strymex.com for filtering such coins. It is a good screener of crypto with nice charts.
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September 30, 2017, 06:17:45 AM
 #51

To be honest if you are not that familiar with trading then start with a small amout or better trade with a demo account. That $200 will disappear right away if you do not have any idea with trading.

But if you actually have an idea with trading but not with crypto trading then for starters thats enough. You just need to get familiat with the other coins.

it is trading we are talking about not gambling.
your money won't just disappear if you make a mistake! when some altcoin invested in goes down for example your $200 will become $150 worse case scenario but you can learn from that mistake and never repeat it and make that $150 back to $200 and then more.

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September 30, 2017, 07:15:07 AM
 #52

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
I must be candid with you, if you are considering becoming a day trader and you are yet unable to figure out an ideal amount to get started with, then your home work was not thorough or complete. I think you will do well to straighten the rough edges before embarking on the venture because everything is going to depend on how really prepared you come to the market. The allure to dash to the market for some quick profit should be put on check because it almost always lead to regrets, which otherwise could have been avoided because profitable trading opportunities would never cease.

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September 30, 2017, 07:23:40 AM
 #53

Day trading is a very good way to make good money from bitcoin and others cryptocoin! I have been following how market reacting to daily news that do come on the net and how traders reacted to them in a second. I think day trading is very good if you are not a panicking one.



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September 30, 2017, 12:41:35 PM
 #54

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
Experiment, put a little then you'll see how it goes, it all depends on you well and the currency jumps, you can go up and maybe not, it's hard to say. But the amount is normal.

$100 is enough to do experiment while we need to learn about trading. and if we have some lesson and practice every day, i am sure that with $100, you can increase your capital and finally your money can increase too. its not about how much good amount to start with but its about do you want to learn trading or not because if you don't learn anything and just sit down waiting for pump from some people then its hard to increase your money. we need to learn more so our skills in trading can increase too.

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September 30, 2017, 02:09:19 PM
 #55

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

There is no loss in trading bitcoin in my opinion, as long as you can wait for weeks until bitcoin price recover.
I don't think bitcoin is a good option to do daily trading as the price just fluctuate a bit, within $100-$200 and sometimes less than that.
If you invest $100-$200 into bitcoin and the price just rise $50, you may earn a little bit and vice versa if the price decline.
Try to calculate it, and you may manage to get max $20 daily, depend on bitcoin price fluctuations.

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September 30, 2017, 02:59:29 PM
 #56

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
You are in the right place bruv! Day trading with that amount is good most especially if you are new at trading. However, you should try as much as possible to not just try day trading without knowing some few things about trading so as to help you enhance your decisions as a starter, that is if you are one. Over time, you can increase what you have if you are confident enough but with dedication and right decisions, you should be making it good.
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September 30, 2017, 04:11:23 PM
 #57

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

Of course, it is possible to start day trading for 100$-200$, as long as you make sure that the coins you choose are really potentially profitable for trading. To make your capital not be waste, of course.

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September 30, 2017, 06:05:18 PM
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Think as market maker and think that you are trading with exchange, not with other traders. That helps me.

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October 01, 2017, 05:21:53 AM
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While you're at it you can also check some sites that offers test money for you to try out day trading before you invest real money in there. You can gauge how the market reacts and how fast a change cab occur in real-time markets without risking anything yet. This is the best thing you can do before you really dip your hands into trading.

Edit: I forgot to include what simulator am I talking about but I use Investopedia's trading simulator. Not great and all but it will help you gain some knowledge in actual trades.
There are so many of this for the normal forex trading for practice purpose. I have not really seen one for crypto market anyway. However, it is better as it can give an idea about trading and give someone more confidence when trying out the real one. Still, a lot of people always make mistake of trading demo with a huge amount they themselves do not have so I will advise those who want to try this to use the exact amount they intend to start with so as to face the main reality trading comes with.

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October 01, 2017, 08:48:31 AM
 #60

$200 is a great number. I've turned $200 to $9000 in 90 days so many times over I've lost count. I've done it so many times that I've started a video series to show the entire 90 days:

https://www.youtube.com/user/philakone1

But you also have to know what you're doing. Luck has very little to do with it. I would suggest learning as much as you possibly can. Keep in mind you're competing against very smart people who know much more than the average beginner / mediocre trader.

For every winner, there's a loser. If you go in thinking you'll just buy low and sell high, people who are experience will take your money and the market will humble you quickly.

I highly suggest you read my quick write up that can give you an idea of what you're getting into:

https://bitcointalk.org/index.php?topic=2221007.msg22416951#msg22416951
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October 02, 2017, 06:13:21 PM
 #61

I lack skillfulness of day trading techniques, because i think deviation too small, and as it like a job that takes my time. Long term  really a trading strategy that makes me feel comfortable, because this is an investment. So, i don't need to hurry for make open or close order.
Day-trading is surely a huge job on its own as its needs your whole time and dedication. Although with small money, you can quickly build it up with day trading, but it can be risky too as well. Therefore anyone considering this, should know they are up for a real full time job. However, if you have huge cash, long term trading can really be a very good one to earn more as you can just auto buy and auto sell without having to monitor the charts too much.



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October 02, 2017, 11:43:59 PM
 #62

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
You could start with that, but what are your goals? That is the most important thing, if you think you can begin with that amount and then trade millions then that is going to be impossible, but if you want to start with that and trade with a few thousands then that is possible.

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October 03, 2017, 12:40:24 AM
 #63

Based on my experiences with daytrading crypto I can tell you it almost never ends well. Most profit in crypto comes from long term holding. Look at any coin/token graph since its start and you will notice the gains almost always come in exponential form. With that said, daytrading actually makes little sense when you can instead by small amounts and simply hold them to make large multiple on your investment without and work, stress or hassle.


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October 03, 2017, 12:46:28 AM
 #64

Based on my experiences with daytrading crypto I can tell you it almost never ends well. Most profit in crypto comes from long term holding. Look at any coin/token graph since its start and you will notice the gains almost always come in exponential form. With that said, daytrading actually makes little sense when you can instead by small amounts and simply hold them to make large multiple on your investment without and work, stress or hassle.

Day trading only works if Op aim to trade altcoins instead of bitcoin due to altcoin prices seems fluctuate significantly, even price changes as much as 1000 satoshi will be profitable if you buy it in huge amount, strength in numbers. On the other hand, bitcoin price only fluctuate within $50-$100 per day, which mean you can't get profits more than $10 with $100-$200 initial capital.
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October 03, 2017, 01:16:52 AM
 #65

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

What you could do is use a small amount like 100-200 to prove to yourself that you can actually trade. Trade with that amount and see how much you can make or how you do in the markets. If you're doing well and feel confident in your ability to trade positive, then you should put more money into your investing.

If you don't do too well, then try to just map out the charts more often. Follow the news and try again with another small amount. After all, if you lose 100-200 it's not a life-changing amount.

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October 03, 2017, 01:36:43 AM
 #66

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

Your capital is not too bad for day trading, actually it's a great start because as a beginner you don't need a huge capital because you'll never be sure of what will gonna happen. But first, know your coins to buy since you want to day trade, research and analyze which is better and try to consult if you have a friend that's more and well experienced. Expect that you may loss some but rather be more motivated of all of these.

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October 03, 2017, 02:04:37 AM
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It all depends on your condition. Trading with capital a lot will benefit greatly. In the trade you have to understand and have a strategy for trading so as not to pengalami the large losses. $100-$200 I think is enough to trade and earn a hefty profit.


Save your money as well for backup. If at any time your buy crypto suffered losses. You can buy it at a cheaper price than before.
 

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October 03, 2017, 06:48:19 AM
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I agree with the previous posters, crypto is just too volatile and unpredictable right now, even seasoned traders get burned. You're better off picking a couple solid coins and hold. 
If you know what you are doing, getting burnt in crypto trading is very little. In fact the volatility is even the main reason it can be fun. You are right with your last statement though with picking up a few solid coins most especially for those who do not have the trading spirit in them.

It is not for everyone, so sometimes, it is just the passion or drive that makes some people want to learn and have a huge experience. However, the profit can be extremely motivating.

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October 03, 2017, 07:19:10 AM
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It depends on your budget and learning curve, if you know a bit of arbitrage then it would be less risky

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October 03, 2017, 07:35:42 AM
 #70

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

The safest strategy in trading is you should invest the amount which you think you can afford to lost because if you lost that certain amount during trading it will mean nothing for you because you already treat the amount is a lost but the experience will be treasured. But if that amount is luckily gaining you should slowly to put up the capital until you mastered the said trading.

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October 04, 2017, 02:51:58 PM
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Here's my tips, do not trade money that you can't afford to lose. Big or small money are still money, when it comes to trading if you have fear because you've thinking you gonna lose it, stop trading. Just add some fun and dont mind if you lose, all traders suffer from losing. Just relax and keep calm.
That is absolutely a very good tip. Never trade what you cannot afford to lose. Keeping calm is good, however it is important to learn before trading as that is the only way you can easily keep calm knowing you have an idea what you are doing and even if you are losing, you know you won't lose much and it is a way for you to learn than sweating from your intestines.
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October 04, 2017, 03:05:25 PM
 #72

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

if you dont have trading experiece day trading is where u can loose a very big part of your profit.

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October 04, 2017, 03:26:42 PM
 #73

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

You can start any method with only little money you have. For beginners, first time is hard works and also moment to know how good method you have?. Learning by doing is better than follow others people opinion or website trading. Real market will give you valuable experience you need. Don't forget about stop loss and money management. Thank you.

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October 04, 2017, 03:40:50 PM
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Here's my tips, do not trade money that you can't afford to lose. Big or small money are still money, when it comes to trading if you have fear because you've thinking you gonna lose it, stop trading. Just add some fun and dont mind if you lose, all traders suffer from losing. Just relax and keep calm.
That is absolutely a very good tip. Never trade what you cannot afford to lose. Keeping calm is good, however it is important to learn before trading as that is the only way you can easily keep calm knowing you have an idea what you are doing and even if you are losing, you know you won't lose much and it is a way for you to learn than sweating from your intestines.
yes tranquility will enable us to make the best decisions. some people experience losses because they are too panicked and do not have a sense of calm. besides calmness then a skill and experience will make us able to do analysis well. price movements can be seen on the chart, every time we can learn a coin that has a good prospect. oh yes never get easily affected by unreliable analysis. the best step is to get myself to do the analysis, I'm sure it will be able to make you get a great experience in trading.

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October 06, 2017, 03:29:09 PM
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Based on my experiences with daytrading crypto I can tell you it almost never ends well. Most profit in crypto comes from long term holding. Look at any coin/token graph since its start and you will notice the gains almost always come in exponential form. With that said, daytrading actually makes little sense when you can instead by small amounts and simply hold them to make large multiple on your investment without and work, stress or hassle.
It totally depends on your system of day trading and what you are trading. Although it can be extremely time consuming which was one of the reasons I switched to long term trading but it can be extremely profitable and you can easily accrue profits fast with smaller investment amount if you trade perfectly well.

I have tried this before and I enjoyed it. You do not have to trade all the coins, you only need a few coin that can give huge fluctuations in a day with some little bit of stability looking across the charts. With this you can grow your capital faster than long term trading.


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October 06, 2017, 04:00:27 PM
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The strategy will always be the key in trading. You can invest a huge amount and still fail to make profit. Even with a little amount but if you do have a plan on how to make it work then you are already one step ahead. If you do really want day trading, try buying some altcoins instead and wait for their price to spike up then sell it. My advice for you is read a lot, ask and apply it. Happy Trading! Cheesy

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October 06, 2017, 05:30:28 PM
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I really like to do day trading, because I just rely on some pump and a short dump. I think $ 100- $ 200 is a good start for a newbie, I recommend not being too pushy to use a large capital in trading. unless you are already an expert in trading.
I agree completely. Day trading requires your time – most of your day, in fact. Don’t consider it as an option if you have limited hours to spare. The process requires a trader to track the markets and spot opportunities, which can arise any time during the trading hours. Moving fast is key.
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October 11, 2017, 01:23:53 AM
 #78

Based on my experiences with daytrading crypto I can tell you it almost never ends well. Most profit in crypto comes from long term holding. Look at any coin/token graph since its start and you will notice the gains almost always come in exponential form. With that said, daytrading actually makes little sense when you can instead by small amounts and simply hold them to make large multiple on your investment without and work, stress or hassle.
It’s no wonder that the most common advice given in the forum is just hold our coins, most of the time  advice like that is mistaken but this is one of the instances in which this is the right action to take.

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October 11, 2017, 01:59:27 AM
 #79

Users just with the hope of earning big directly jumps into day trading. Here one needs to be very obseevative over the price movements, without which can't get good profit. Should have patience to make decisions according to the situation rather than getting panic and tending to sell it out. Here even a small price variation need to used as an opportunity to earn. Only then good earning is possible through the same.

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October 11, 2017, 04:37:58 AM
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Day Trading would require much of your time, if you wanted to experience trading, you may use demo account https://www.bitfinex.com/trading or other exchanges/trading sites as well.

100$ to 200$ was a good start. you may earn 5$ to 10$ per day or more, if you we're good enough.

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October 11, 2017, 05:39:32 AM
 #81

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

I keep the below for such questions as this.

Before anyone starts trading they need to know the facts. Over 80% of traders are not profitable over time and only 1% make it big. The rest just struggle to stay above the line. For nearly 2 decades of part time (hobby) trading I have seen countless people think trading is easy fast money or at least easily possible to make good money in the end. The truth is its not easy and it takes a diverse set of skills + experience to be able to make some money on the side.

This is why people give up too soon. Every loss is valuable experience, many losses results in a lot of experience. If your interested in trading, start each trade small, stupidly small. Buy/sell on 3-5% margins and be thankful for your "wins". There wont be many. But learn from the stupidly small losses over and over again. Analyse your losses, don't go on feelings but data, both fundamental and technical, especially regarding crypto.

Set yourself $100 and make 5 x $20 trades on different commodities/coins etc try and turn each into $25 (excluding fees). You'll learn a lot before you get there. Trading will always be here, take some time out to perfect your skills, trade on data not emotions and enjoy the ride, its fun imo.

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October 11, 2017, 06:01:53 AM
 #82

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
Day trading is very dangerous for a beginner, most likely the losses will be large, so go into the trade with a minimum amount, then not to regret that you lost everything.

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October 12, 2017, 03:14:39 PM
 #83

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
Day trading is very dangerous for a beginner, most likely the losses will be large, so go into the trade with a minimum amount, then not to regret that you lost everything.
Day trading is not even recommended for experienced traders. It is one of the riskiest method of making money or bitcoin. Day trading needs to keep an eye on the market prices of the coin all the time. I am not in favor of trading at all especially day one. I have seen many people losing their money in day trading. Trading should not be done if your coin is bitcoin. Holding it will generate a lot of profit. Just be patient.



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October 21, 2017, 05:20:12 AM
 #84

I lack skillfulness of day trading techniques, because i think deviation too small, and as it like a job that takes my time. Long term  really a trading strategy that makes me feel comfortable, because this is an investment. So, i don't need to hurry for make open or close order.
Day-trading is surely a huge job on its own as its needs your whole time and dedication. Although with small money, you can quickly build it up with day trading, but it can be risky too as well. Therefore anyone considering this, should know they are up for a real full time job. However, if you have huge cash, long term trading can really be a very good one to earn more as you can just auto buy and auto sell without having to monitor the charts too much.

There is no real day trading in crypto, it is all mostly flash and burn. There are occasional smart sign candlesticks that will keep you for 8 hours, but the real fluctuations and within a 48 minute market breaker.
Day trading is sort of a full time job for a trader because he cant move himself away from the fast trading market.

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October 21, 2017, 05:38:13 AM
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How much money can you make if you start with say 10k or 25k?  Are there people that make 50k doing this?  But most importantly how much money would they need?
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October 21, 2017, 05:47:07 AM
 #86

How much money can you make if you start with say 10k or 25k?  Are there people that make 50k doing this?  But most importantly how much money would they need?
its up to you dear how much money do you effort for daily trading. however i am a daily trader and i personally suggested to all that you become a daily trader for your secure future. As many as you effort here you can earn much more.

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October 21, 2017, 06:49:14 AM
 #87

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

I think is enough to start trading and I believe you'll need knowledge and time also. No one can find the best strategy in short time with only little money. But I believe your hard work will give you the best result. Day trading is more difficult than long time period trading ( for me ) but is worth to be done. I suggest you try change mindset as an investor not a trader, it will help you to find best strategy. Good luck.

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October 21, 2017, 07:42:00 AM
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I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

Yes it's possible to start with that amount. There are many coins that worth only cents so you can buy them or you can choose the higher value coins and then have a portion of it. If you plan to day trade then I suggest to try altcoin vs bitcoin because they have a possibility to increase in enormous percentage within a single day or drop as well. It depends on your analysis and I suggest to do your own research because if you try to ask someone what is the best coin to buy then surely he would suggest a coin he bought so that it would increase in value and then maybe it is already at the top so you would end up on a loss instead of profit.

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October 21, 2017, 07:51:08 AM
 #89

what is a good amount to start with?

Trading is like gambling, you have to invest what you afford to lose and as for the newbies you can invest a short amount of 0.003BTC-0.005BTC. This is a good starting amount but if you don't have budget you can adjust and lower it.

Would it be possible to start with maybe $100-200 and work my way up?

Yes, you can start with that amount and it's going to be a good amount that you can afford to lose. Just choose those coins that are in hype it's good for day trading.




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October 27, 2017, 11:34:24 PM
 #90

Day Trading would require much of your time, if you wanted to experience trading, you may use demo account https://www.bitfinex.com/trading or other exchanges/trading sites as well.

100$ to 200$ was a good start. you may earn 5$ to 10$ per day or more, if you we're good enough.
It is very unlikely that  a beginner is going to earn any money in trading he is going to be lucky to not lose all his money, that is why I have always thought that is a better idea to make the first trades without putting any money down.

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October 27, 2017, 11:47:39 PM
 #91

Day Trading would require much of your time, if you wanted to experience trading, you may use demo account https://www.bitfinex.com/trading or other exchanges/trading sites as well.

100$ to 200$ was a good start. you may earn 5$ to 10$ per day or more, if you we're good enough.
It is very unlikely that  a beginner is going to earn any money in trading he is going to be lucky to not lose all his money, that is why I have always thought that is a better idea to make the first trades without putting any money down.

I also think so. That's why I didn't trade at first and only took part in some airdrops.
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October 28, 2017, 05:51:20 AM
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ftp://
I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
It is true that you can start with a small amount that in line with the amount you have. But currently btc price is $ 6000, so $ 100- $ 200 I think it's really too small to be able to invest in btc. You should save a lot of money and choose a suitable time to buy.

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October 28, 2017, 06:34:50 AM
 #93

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I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
It is true that you can start with a small amount that in line with the amount you have. But currently btc price is $ 6000, so $ 100- $ 200 I think it's really too small to be able to invest in btc. You should save a lot of money and choose a suitable time to buy.

I think it's not a high amount to get into trading so. For trading you should have good capital to start.Like 1/10 of BTC=600$.I think 600$ is the small amount to get reasonable profit from the Bitcoin.you can start with 100-200 $.I won't oppose you.But the profit for that will be very very low.So earn from Signature Campaign and Mining and inverse that in Trading.I am dam sure ,you will be Successful .

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October 28, 2017, 08:20:27 AM
 #94

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I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
It is true that you can start with a small amount that in line with the amount you have. But currently btc price is $ 6000, so $ 100- $ 200 I think it's really too small to be able to invest in btc. You should save a lot of money and choose a suitable time to buy.

I think it's not a high amount to get into trading so. For trading you should have good capital to start.Like 1/10 of BTC=600$.I think 600$ is the small amount to get reasonable profit from the Bitcoin.you can start with 100-200 $.I won't oppose you.But the profit for that will be very very low.So earn from Signature Campaign and Mining and inverse that in Trading.I am dam sure ,you will be Successful .

Just start with small capital like if you're just new in trading and didn't have enough knowledge just little amount will do. Yeah the profit will still be small but at least you won't lose some big amount. Just add little by little when you are profiting already and all will be easy.

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October 28, 2017, 09:04:57 AM
 #95

trading is a name of risk so if you are risk taker then you can can start trading but there types in trading one is called holding while other is called day trading. day trading is very risky than holding trading but also day trading is profitable than holding trading. For day trading you should have strong and enough knowledge to observe every sec of your trading.

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October 28, 2017, 11:28:19 AM
 #96

You can start trading by any amount but remember trading is high risk high return investment, so for the better use money that afford to loose. For trading startegy because the price of BTC now increasing fast so for better do trading altcoin paired with USDT or other fiat currecncy, but if you like to trade altcoin paired with BTC better do short trade to minimize the risk because price of BTC rise so fast now. 

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October 28, 2017, 11:40:51 AM
 #97

Day trading a bit risky and comes with a lot of tension, it's advisable to only use a small amount of your portfolio in day trading until you master the trade 

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October 28, 2017, 11:57:10 AM
 #98

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
Day trading is really profitable but I think it is better if we do long term investment. It is better to hold our coins and sell it in the future. I know that long term investment is more profitable than day trading.

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October 28, 2017, 12:49:44 PM
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How much money can you make if you start with say 10k or 25k?  Are there people that make 50k doing this?  But most importantly how much money would they need?

Winning amount depends entirely on you and Bitcoin price, so if you do not have a huge price drop you can win small amounts. Learn the fundamentals of economy.



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October 28, 2017, 01:41:05 PM
 #100

Day trading is really profitable but I think it is better if we do long term investment. It is better to hold our coins and sell it in the future. I know that long term investment is more profitable than day trading.
Day trading is definitely not always profitable. Day trading is largely you just gambling. As quickly as you make some decent profits with day trading, you can lose these profits equally as quick, and end up with a loss for the day.

I have done it for a while, and there is no real satisfaction in this type of trading at all. It cost a lot of your time and you often end up with a loss after a full day of trading ~ it sounds better than it in reality is.

People believing that day trading is 'really' profitable, haven't done any day trading themselves, or they had just a lucky day (again, day trading is largely gambling) ~ try to repeat this for a longer period of time. Wink

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October 29, 2017, 05:15:38 AM
 #101

Yes you can make use of 100+ to start... Just know your capital how much you have gained and how much you loose..look for good alts and get in stock

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October 29, 2017, 05:46:47 AM
 #102

In my opinion capital should be high in day trading because mostly price fluctuates a bit in a day so if you have higher capital your profit will be definetly higher. So for this capital should be at least .3 btc.

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October 29, 2017, 08:40:43 AM
 #103

ftp://
I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
It is true that you can start with a small amount that in line with the amount you have. But currently btc price is $ 6000, so $ 100- $ 200 I think it's really too small to be able to invest in btc. You should save a lot of money and choose a suitable time to buy.
In my opinion, you can perform well in day trading only if you have a good amount of money in your pocket so that you can buy more coins along with sufficient knowledge level. There are so many who quieted doing day trading just because of the reason that they were not able to take right decisions at the right time. So, knowledge is the key which can help you a lot in day trading.

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October 29, 2017, 08:54:53 AM
 #104

Day trading is very engaging and if you have something else doing one may not have the time.

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November 01, 2017, 06:41:47 AM
 #105

Hundred bucks actually is enough. But if you want to maximize your profits, of course you have to make your capital big also. Day trade is profitable. But long trade will make your money grow safer. Slowly but surely. Also day trade is more risky. It's up to you what strategy you want to do. But before you jump to cryptocurrency trading. Make sure you already learn how to do it and learn how to analyze things. Hundred bucks is a good start since you are a newbie. It's important also to have discipline coz it will surely test your emotions. Remember, only use amounts that you can afford to lose. Trading is like
 gambling but if you have knowledge, it can give $$$
I don't think day trading is profitable and effective, especially in cryptocurrency trading. In fact, cryptocurrency's volatility makes day trading in cryptocurrency difficult and unproductive. Cryptocurrency price barely move in a day. For example, in average, bitcoin price usually move by a margin of 1% to 5% in a regular day (exemption in days when forking is happening). This means that if you invest $200 in bitcoin and do the day trading, then the possibility that you'll gain or lose a maximum of $10.

Long-term investment and trading is still the ideal thing to do in crypto-trading. The value of cryptocurrencies are expected to get more volatile especially that there are a lot of new tokens and coins created by developers.

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November 01, 2017, 07:14:55 AM
 #106

Day trading is very engaging and if you have something else doing one may not have the time.
day trading need a lot of experience and too much energy also because in day trading you can busy for every time and you will try your techniques any time so that you can earn profit. holding trading is very easy then day trading and also less risky.

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November 01, 2017, 05:18:55 PM
 #107

I stopped and waited for btc to return to normal.
Nothing is more important unless you save gold.
prices are always stable but price increases are not too high. you are free to invest anything, and bitcoin will make you regret.

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November 01, 2017, 06:59:32 PM
 #108

Now it is better to wait stabilization of Bitcoin. But in middle-term trading I am holding SYS, LMC, IOTA, OMG, KMD, STRAT, SC, DGB, XRP.

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November 01, 2017, 07:01:07 PM
 #109

Hundred bucks actually is enough. But if you want to maximize your profits, of course you have to make your capital big also. Day trade is profitable. But long trade will make your money grow safer. Slowly but surely. Also day trade is more risky. It's up to you what strategy you want to do. But before you jump to cryptocurrency trading. Make sure you already learn how to do it and learn how to analyze things. Hundred bucks is a good start since you are a newbie. It's important also to have discipline coz it will surely test your emotions. Remember, only use amounts that you can afford to lose. Trading is like
 gambling but if you have knowledge, it can give $$$
I don't think day trading is profitable and effective, especially in cryptocurrency trading. In fact, cryptocurrency's volatility makes day trading in cryptocurrency difficult and unproductive. Cryptocurrency price barely move in a day. For example, in average, bitcoin price usually move by a margin of 1% to 5% in a regular day (exemption in days when forking is happening). This means that if you invest $200 in bitcoin and do the day trading, then the possibility that you'll gain or lose a maximum of $10.

Long-term investment and trading is still the ideal thing to do in crypto-trading. The value of cryptocurrencies are expected to get more volatile especially that there are a lot of new tokens and coins created by developers.
It is really not like it is effective, it just have some certain moments which you always need to watch out for in the aspect of the volatility. I day traded for a while but because of the time, I had to switch to long term trading. Day trading can help you to even grow little money faster though much more risky, but if done well, you can be making much more than loosing.

However, if you have some plenty bucks to trade with, long term trading or just holding is less stressful and very profitable too without having to do with making so many decisions all at once.

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November 01, 2017, 08:17:55 PM
 #110

day trading need a lot of experience and too much energy also because in day trading you can busy for every time and you will try your techniques any time so that you can earn profit. holding trading is very easy then day trading and also less risky.

Day trading definitely involves a proper understanding, but in the same way, you also need an equal level of luck -- for that reason I do believe that day trading is a mixture of gambling. Even the best possible traders lose out from time to time, so you can't always depend on your knowledge when you also depend on luck. That's exactly why I never get involved in day trading anymore. I have done it for a while, or more precisely said, I tried it for a while, but it's not something that gets me excited since the results are different each day. One day you end with a decent profit, where the next day you end up with a loss. Why letting myself go through this? Doesn't make sense. Holding is indeed the best possible option.

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November 02, 2017, 09:38:26 AM
 #111

Day trading is very engaging and if you have something else doing one may not have the time.
day trading need a lot of experience and too much energy also because in day trading you can busy for every time and you will try your techniques any time so that you can earn profit. holding trading is very easy then day trading and also less risky.
Someone without some good experience cannot day trade, however, we have to understand that even those experienced day traders started somewhere. You only get better as you keep having the experience but you still have to always learn first because you can end up flopping badly if you do not. Long term trading as you said is less risky, but can only profitable when you have a lot to spare and hold.

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Osarman
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November 02, 2017, 02:05:11 PM
 #112

Day trading is very engaging and if you have something else doing one may not have the time.
day trading need a lot of experience and too much energy also because in day trading you can busy for every time and you will try your techniques any time so that you can earn profit. holding trading is very easy then day trading and also less risky.
It is hard, no doubt in it but you know whatever is hard, it has more to give you than any normal thing. Why you are making yourself up for screen all the day and keep calculating profits and losses at every movement, it is although a toughest job but surely it will yield you more profit than mining or long term investing or campaigning or anything else. Keep going good and make your life easy.

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November 02, 2017, 02:50:34 PM
 #113

$100 is enough you are a beginner also so that try and get some experience and learn the strategy before increasing your fund. trading is risky so that study will about trading..

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November 02, 2017, 03:02:19 PM
 #114

Day trading is very engaging and if you have something else doing one may not have the time.

It is a full time job for many people as it require a lot of analysis and understanding when to buy/sell . To find out the different arbitrage opportunities if any exists and ensure that it is bought and sold on right time as btc prices are very volatile . So a slight delay can make a huge loss for the people.

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November 02, 2017, 03:12:40 PM
 #115

Day trading is very engaging and if you have something else doing one may not have the time.

It is a full time job for many people as it require a lot of analysis and understanding when to buy/sell . To find out the different arbitrage opportunities if any exists and ensure that it is bought and sold on right time as btc prices are very volatile . So a slight delay can make a huge loss for the people.


Yesterday price was 6300 dollars when I checked, today price when I woke up was 7030 dollars on coindesk, how to trade daily when price is rising? For day trading you need to be online 24/7 daily, that's why someone invented trading bots, who else can stay awake that long.
For trading everything is in picking the right moment for buying and for selling, for day trading you need to to be correct in seconds, one minute late and you will lose your profit. When price is rising like this now its better to save bitcoins then to risk them and lose profit.


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November 02, 2017, 03:17:45 PM
 #116

Now it is better to wait stabilization of Bitcoin. But in middle-term trading I am holding SYS, LMC, IOTA, OMG, KMD, STRAT, SC, DGB, XRP.

I have a similar portfolio....these coins got beaten up badly the last days, I'm waiting that everything normalises and they pick up again!

My big hope is IOTA as they do have a great business idea and they are having contact with big companies (last time I have read about car companies and IOTA).

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November 02, 2017, 03:21:14 PM
 #117

If you are new, $100 to $200 is already a good start. Just a cool tip. Join a crypto currency exchange site with DEMO account. So you wont get liquidate if you made a mistake. Your real BTC money is safe while your practice trading.

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

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November 02, 2017, 03:31:21 PM
 #118