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artoftrolling3
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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
 #23

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
 #25

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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DuaLipa
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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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