how risky is day trading?

[Blue2012]

Nowadays bitcoin price is really unpredictable, in just a moment it will go up then suddenly it will go down. It seems every minute the price changes a lot not knowing if it will rise or will fall thats why it's risky, you might think that it will increase but it goes the other way around so it's better to hold and wait for many days.

[donnie.darko]

Day trading is risky if you don't have enough knowledge to it, and you have to monitor always your coins which is you like to trade because every minutes or seconds the price of the coin is increasing or decreasing.

[santieevanz]

With the unpredictable changes in bitcoin price people have chose to hold instead of day trading,I mean the majority have.
How risky is day trading at the moment?

I think everyone is aware that trading is not an easy thing to do because its risk is greater. However, trading helps everyone to double their money but there are things to consider first before you enter this process. Losing your money is a part of it because that made you stronger to handle your emotions and be ready to face the next level of trading process.

[hritevanz]

With the unpredictable changes in bitcoin price people have chose to hold instead of day trading,I mean the majority have.
How risky is day trading at the moment?

My friend has enough experience about trading and he told me a lot of things how risky the day trading is. For now, those people who deal with day trading are experts because they can handle the pressure since the price of bitcoin and other alternative coins are unpredictable. And if you don't have enough knowledge or experience about day trading then for sure you have the 80% of losing and 20% chance of winning and sometimes luck is always needed.

[jomarthegreat89]

You will have the chance to gain some as much as you also have the chance to lose a lot of money if you make the slightest mistake. Day Trading is THAT risky.

[crzy]

Day trading is risky if you don't have enough knowledge to it, and you have to monitor always your coins which is you like to trade because every minutes or seconds the price of the coin is increasing or decreasing.

Your knowledge is really important when you are planning to do day trading because the risk is very high and without proper education your money will soon gone. You can really earn money easily in day trading but of course in just a second your money will loose at some point of your trading.

[johniadeluca]

Personally I've never heard of anyone who has made more day trading during a 3 month period than someone who hodls, but I could be wrong

[Jaya912]

With the unpredictable changes in bitcoin price people have chose to hold instead of day trading,I mean the majority have.
How risky is day trading at the moment?

we could not say in the word how risky it is. but i will say it is very high risky.
just spend how much you can afford to loss.

if you know how to do day trade like expert, you can reduce the risk by doing everything based on strategy and trading.

[psibenik]

Very risky, in all likelihood you'll lose money doing it. Buy and hodl. That way you don't lose fees to trading and you're not buying high selling low

[WSDN]

After observation in a long time, I realized that Bitcoin is more suitable for the long-term investment instead of daily trading. Because its price always have growth trend and it only reduces when there is some special news. Therefore, if you can catch the news right time, you will panic sell easily.

[Jrein23]

There is a much higher risk in doing a day trading than in investing and holding. In day trading, you need to have a good prediction or else you will lose a big amount of money.

[millgates]

After observation in a long time, I realized that Bitcoin is more suitable for the long-term investment instead of daily trading. Because its price always have growth trend and it only reduces when there is some special news. Therefore, if you can catch the news right time, you will panic sell easily.

Day trading only depend on luck, There is no time to observe or research any coin while we do day trading. Day trader only predict the price of the coin  base on trend line, its not enough to make appropriated strategy. Day trading tends to be done by people who are impatience because they want to get rich quick from cryptocurrency, without cosidering the factor of technical analysis and fundamental of the coin. The risk is closely the same as doing gamble.

[Jrein23]

Day trading can be profitable and sometimes can lead you to a big loss. It depends on how you read the market trends, and having a little luck on your side.

[Tamilson]

You will have the chance to gain some as much as you also have the chance to lose a lot of money if you make the slightest mistake. Day Trading is THAT risky.

One wrong move then you're dead.
If you don't have good skills and knowledge just stay from this. Do this when you're equip enough for this so you can profit good.
For now the least you can do is buy and hold and wait your profit comes towards you.

[madwica]

Day trading can be profitable and sometimes can lead you to a big loss. It depends on how you read the market trends, and having a little luck on your side.

It is profitable if all coin are increasing its value but its not, only few coin increase its value within a day and not too much unlike you will be trade for a week or monthly trading that is much better you have more choices specially if you have good amount of capital. Correct day trading will lead you for a big loss that is why avoid that and do other strategy for trading.

[ajiejot]

It's very risking when in trading, we cannot predict the price. All cryptocurrencies are very volatile, in just seconds you may lose your money. Before you enter in trading, you should learn first and be prepare on the consequences will happen.

[Webetcoins]

Trading is risky since not everything you study about goes as planned in actuality. It's even more risky if you don't study at all.

Day trading is bit risky but it is not at all risky for the ones who are good at trading and those who know well about the things related to that of trading. Risk is everywhere, you actually need to minimize that risk by learning more things and gaining more experience. Day trading is risky but at the same time, it is the most profitable thing to do and that too in a very less span of time unlike holding of bitcoins.

[meshow1]

It is risky because you dont really know the person who were you trading but you have to becareful and wise.

[sumanto]

With the unpredictable changes in bitcoin price people have chose to hold instead of day trading,I mean the majority have.
How risky is day trading at the moment?

Daily trading risk is when you get stuck at a high price it will make you depressed and can not wait to sell loss and it will make you lose, it's a risk that makes you confused and depressed.

[logicgate]

It is risky because you dont really know the person who were you trading but you have to becareful and wise.

Trading is not that much risky but it really depends on the person who is trading. If he is willing to take a little risk then surely great results are coming along the way. If you don’t take much risk, believe me you wouldn’t be getting any better profit for you’re trading or investment. So better is to learn well and then have some guts for taking better risks for better results.