Day Trading

[CoinFoxs]

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.

[swscowods]

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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.

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.

[clarkt]

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

[ramsdaj28]

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.

[family934]

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.

[mamesso]

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.

[Itjoker]

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.

[bitgolden]

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.

[richardsNY]

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.

[rickadone]

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.

[Osarman]

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.

[xenxen]

$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..

[onrise]

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.

[iv4n]

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.

[chr.rit]

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).

[layoutph]

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.

[butrsukumpanumet]

Day trading by surfing with Bitcoin isn't a bad ideal. With the price of Bitcoin going like a wave , things will be easy for us

[Hodll]

Day trading is quite challenging  if you have a small amount of cash, you've got to  study the market trends and in-depth market analysis. Hodling is better for a week or so make sure you study the historical data of any particular coin.

[Granxis]

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.

I expect Bitcoin to return to normal level, and I do not intend to trade. Because there is a mess in all stock markets. I was trading 20-25 days, now I am trading 1-2.

[franco123]

Day trading is kinda risky investment especially if you are not experienced or knowledgable about it. I suggest you lower your capital first. Get the hang of it and learn from experience. A lot of people are loosing money because they lack experience. They tend to not analyze the data with techinical and fundamental information. Gambling is the kind of trading is almost the same. You may have the control in trading but still, the risk is high above than just holding Bitcoins. Although some are really good and succesful at it and you might be the next. So good luck mate!