BTC--->USD day trading possible?

[RealPhotoshoper]

Have you tried using Bitstamp? For starters, they charge 0.25% on every successful trades and this is subject to change as your account gets verified. So at the current market rates, that would be $15/1 BTC successful trade. You can also try Kraken and Poloniex if you think Stamp wouldn't cut the chase. Just be ready on verification of your identity so you can trade easily.

Bitstamp one of my favorite exchange , they are the oldest one too , no doubt about how good the service.
Coinbase is indeed sucks when it comes to taking fee , they are bunch of greedy people.
Just avoid to use poloniex especially when you planning to trade with big amount , my withdrawal pending for long time a lot of times.

[quochuan29]

NO just hold it. Look at the chart last 3 months you will see..

[btcdevil]

Hi Friends,

Is it possible to do BTC--USD ( not any other coins) day trading? Which platform will be good for this?

I tried in coinbase but their fees is too high. I tried to do with 1 BTC and I end up loosing money.  I sold 1 btc and they charged $80 then when I bought back again they charged again $80 so instead of making some money when btc price increaased about $150, I lost $10  because of fees.

So, is there any other platform that charge less fess so that at least I can make money if btc price increases about $150 or so?

Many Thanks 

Why dont you try some exchanges like, poloniex, bittrex they are very good in BTC-USD trading and their fees is also low. The trading volume is also high so you can trade very easily.

[Yuhee]

Have you tried using Bitstamp? For starters, they charge 0.25% on every successful trades and this is subject to change as your account gets verified. So at the current market rates, that would be $15/1 BTC successful trade. You can also try Kraken and Poloniex if you think Stamp wouldn't cut the chase. Just be ready on verification of your identity so you can trade easily.

Bitstamp one of my favorite exchange , they are the oldest one too , no doubt about how good the service.
Coinbase is indeed sucks when it comes to taking fee , they are bunch of greedy people.
Just avoid to use poloniex especially when you planning to trade with big amount , my withdrawal pending for long time a lot of times.

I think coinbase just hasnt updated the fee since the price is increasing. But also become their problem. Most users also who had old accounts on some exchange sites needed to verify their accounts like me. I forgot my account and the info's i used was the legit ones. And i was shocked when i access to withdraw some old funds that needed verification which i already used in my new account.

[Kittymer]

Coisebase is a reasonable choice. Because coisebase offers many great features, it also stores a lot of crypto. I always choose to store bitcoin on coisebase.

[ausbit]

NO just hold it. Look at the chart last 3 months you will see..

Holding is so much amazing right now. Seriously you will not be going to regret rather if you sell now even with some good ratio of profit still after 3-4 months you will be abusing yourself in regret that why you had done that. Like you said, the market is so fluctuating, still your coin will help to get more than handsome profit ratios. Your future will be happy and prosperous.

[naidray]

Coisebase is a reasonable choice. Because coisebase offers many great features, it also stores a lot of crypto. I always choose to store bitcoin on coisebase.

Do you even have the slightest idea of what you are talking about? What is Coisebase ?
If you had mention it once, I could have even assumed it to be a mistake, but 3 times in a row, is apparently not a mistake. Maybe, I am the one mistaken, has anyone ever heard of coisebase ?

I even had to check google to be sure maybe, I was the one being paranoid. Some dudes on this forum can make you sick and as much as you want to ignore, they keep getting plenty all the time.

[Emitdama]

Coisebase is a reasonable choice. Because coisebase offers many great features, it also stores a lot of crypto. I always choose to store bitcoin on coisebase.

Do you even have the slightest idea of what you are talking about? What is Coisebase ?
If you had mention it once, I could have even assumed it to be a mistake, but 3 times in a row, is apparently not a mistake. Maybe, I am the one mistaken, has anyone ever heard of coisebase ?

I even had to check google to be sure maybe, I was the one being paranoid. Some dudes on this forum can make you sick and as much as you want to ignore, they keep getting plenty all the time.

Hahaha this happens every time. I thought I had read about this coin base somewhere in this forum. But then I realized no there is nothing like it. I google it and there comes nothing related to any crypto thing. Make sure what you are talking about, you must know about it. Like this, if you are just writing and you don’t know even what are you writing, that is of no use and value.

[PokerFace3]

Hi Friends,

Is it possible to do BTC--USD ( not any other coins) day trading? Which platform will be good for this?

I tried in coinbase but their fees is too high. I tried to do with 1 BTC and I end up loosing money.  I sold 1 btc and they charged $80 then when I bought back again they charged again $80 so instead of making some money when btc price increaased about $150, I lost $10  because of fees.

So, is there any other platform that charge less fess so that at least I can make money if btc price increases about $150 or so?

Many Thanks 

Why dont you try some exchanges like, poloniex, bittrex they are very good in BTC-USD trading and their fees is also low. The trading volume is also high so you can trade very easily.

I would rather choose bittrex anytime any day. Good platform, good fees and you can just trade directly with USDT, which is like the same equivalent with trading with USD.

However, there has been some recent update with people and most especially newbies having to verify their account with their ID, so if you have nothing to hide, that should not be a problem otherwise, without verification, you may not be able to get your funds out.

[beerlover]

NO just hold it. Look at the chart last 3 months you will see..

There is a difference between day trading and HODLing mate!
BTC-USD day trading is possible if the OP is good with trading and can make some good decisions. Trading is a profitable way of increasing your coins and also making some huge profit at the long run from the value. So why would anyone want to hold, if they can make profit from what they are holding ?

Based on market flotations I choose day trading and holding options. There will be no meaning of going for day trading when market does not have enough fluctuations.

[rxone]

Yes, can it. there is a variety of exchanges you can do this on.

[Shenzou]

Bitcoin has a short but impressive price move which makes it the best coin for day trading, but the only thing that maeks it so differnet than regular trading is that you need to keep an eye on the charts and know exactly what to do and have confidance that you won't mess up, unlike the long term trading where you buy a low and sell at the next major peak, which more of a relaxed and easy strategy, so unless you don't have a job and you can sit and keep an eye on the markets and you know what you are doing than day trading might be a bit risky.

[nodav]

It's possible but actually now it's more convenient to perform swing trades or buy-n-hold. And there is a lack of liqiudity and margin-trading stuff to perform day-trading as well

[monkeydominicorobin]

Hi Friends,

Is it possible to do BTC--USD ( not any other coins) day trading? Which platform will be good for this?

I tried in coinbase but their fees is too high. I tried to do with 1 BTC and I end up loosing money.  I sold 1 btc and they charged $80 then when I bought back again they charged again $80 so instead of making some money when btc price increaased about $150, I lost $10  because of fees.

So, is there any other platform that charge less fess so that at least I can make money if btc price increases about $150 or so?

Many Thanks 

Always calculate the fees when it comes to trading. The problem with 0 fees like GDAX is it may be charging fees as well. So don't rely on advertising or advice. Rely on Math. Never take shortcuts.

[zeaderza]

Coisebase is a reasonable choice. Because coisebase offers many great features, it also stores a lot of crypto. I always choose to store bitcoin on coisebase.

Do you even have the slightest idea of what you are talking about? What is Coisebase ?
If you had mention it once, I could have even assumed it to be a mistake, but 3 times in a row, is apparently not a mistake. Maybe, I am the one mistaken, has anyone ever heard of coisebase ?

I even had to check google to be sure maybe, I was the one being paranoid. Some dudes on this forum can make you sick and as much as you want to ignore, they keep getting plenty all the time.

Hahaha this happens every time. I thought I had read about this coin base somewhere in this forum. But then I realized no there is nothing like it. I google it and there comes nothing related to any crypto thing. Make sure what you are talking about, you must know about it. Like this, if you are just writing and you don’t know even what are you writing, that is of no use and value.

That should be reported and check strictly. This forum administration should look into such matter and the conditions must be implemented for the campaigners. There must be a check and balance for the quality of thread and post. Otherwise, just think when some outsider come and see, what image he just get of it. Not bad, and such acts should be taken in stick compliance.

[raking]

With this fee, people will not make the small transactions unless it is a mandatory. In the future if we want btc is used widely in Small transactions take place every day, then a sure thing is that we have to reduce this fee down.

[Sachinist]

GDAX is most reliable exchange for BTC/USD trading. For trading altcoins for USD, I would say first convert to btc and then trade for USD.

[arseaboy]

With this fee, people will not make the small transactions unless it is a mandatory. In the future if we want btc is used widely in Small transactions take place every day, then a sure thing is that we have to reduce this fee down.

maybe that's what the core team needs to resolved as we cant deal with small transactions and we know that more small players are in this
business, its hard to sort this out and dealing with day trade can be so risky, we cant predict what will be the big whales next movements
better to stay with alts.

[Digital_Lord]

NO just hold it. Look at the chart last 3 months you will see..

I don’t really get what the op is talking about, but USD is it not for forex trading (as in FX) ? Well, don’t do what you’re not sure of, better stick to this BTC trading so you don’t make a mistake. Trading on BTC and altcoins is even the best more than any other kind of trade, saying this from my own experience.

[Experttrader91]

Hi Friends,

Is it possible to do BTC--USD ( not any other coins) day trading? Which platform will be good for this?

I tried in coinbase but their fees is too high. I tried to do with 1 BTC and I end up loosing money.  I sold 1 btc and they charged $80 then when I bought back again they charged again $80 so instead of making some money when btc price increaased about $150, I lost $10  because of fees.

So, is there any other platform that charge less fess so that at least I can make money if btc price increases about $150 or so?

Many Thanks 

Yes the day trading is possible but it is a tough job which involve lot of stress and efforts. The platform is used is nothing but i use zebpay and unocoin exchange as it is registered under country and right now they are quite working smooth for me. Apart from these two i also use bittrex, Exodus and poloniex. I recommend to go with Bittrex which is quite good for day trading with huge volume of participation.