how risky is day trading?

[desi92]

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.

The run of bitcoin is always unpredictable and its always difficult to predict it.
Anyway, holding is good idea but day trading is another choice to get more profit but high risk.

[Bezobraznike]

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.

The run of bitcoin is always unpredictable and its always difficult to predict it.
Anyway, holding is good idea but day trading is another choice to get more profit but high risk.

   This high range fluctuations are suitable for day traders, higher range more chances for them
to earn more. I do not like to risk so much, day trading is very risky and it can be very profitable
if it is applied in a right way with perfect timing.
   Bitcoin price is unpredictable in short term, and that is why day trading  risky. But in long term
price if Bitcoin will go up, that is almost without risks.

[furry04]

At the moment I think day trading would be more profitable than holding because so many coins are increasing and falling within the same day around 10-20% so if you can make 2 transactions daily it a real profit.

[grizmoblust]

I think the most difficult thing you have to face is that you have to follow the market 24/24. If you are late just few seconds, you will miss the chance.

[cryptojaani]

Very true. Day trading cryptos is similar to the risks of day trading in the stock market. High risk = high reward.

I think day trading is only risky for those beginners due to high volatility of cypto and will do panic selling when it is dropping, it is much more recommended to just hold for these guys but for professionals there is a only just a little risk these guys do not do panic selling they can control their emotions.

[feelideb]

Day trading is not risky at all if you know what you are doing. On other hand, day trading is quite rewarding. Having set this, holding your coin could as well be a very good stratergy for those that are learning the ropes!

[bitcad4u]

At the moment I think day trading would be more profitable than holding because so many coins are increasing and falling within the same day around 10-20% so if you can make 2 transactions daily it a real profit.

If you have a plan to buy a bitcoin,day trading is best one.Because you can buy with low value in day trading only.In the end of the day,the price will surely increases and reach maximum.So you can buy during day time and sell at the end of the day.This only gives you profit for sure.

[rbv]

I would not recommend day trading unless you have a software to do it, or have a really big capital. It's just not worth the time and effort personally. Also, with fees for each trade, I don't see it being as profitable as just holding onto the coin long term. Highly unpredictable and requires a ton of luck and knowledge for it to be successful. I'd stay with investing.

I'd also not try to do it by hand, especially with all the technical analysis voodoo that people come up with. Spend your time rather on researching low market cap coins which might become similarly successful as competitors and you have high chances to get nice gains.

[Rj Manik]

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?

Risk is always involved on trade.As much i know hold is gold.Yet you want to trade daily then spend more time on trade and always take news pumping and dumping.Today I start trade with $3000.Already I get $150 profits with daily trade.

[goldexp83]

I have a friend that went from zero to high level trading (over 11000% in return in 2017) but it took him about 2 years of training and a many costly mistakes.. take your time to study from an expert and learn with a lot of patience!

[tengek37]

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 do not think it's risky to trade today.
because the end of the year and the holidays a lot of people who sell their favorite BTC and altcoin.
if you want to trade today buy some coins at the lowest price.
Good luck !!

[Aztek]

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?

ohh, I tried once and I don't want to try anymore you can loose a lot because you never know where price will go except if you have luck. This times are little tricky for trade except if you want to risk

The risk is quite normal when it comes to investments, readings or even in full length transaction. Yet always remember the concept of normal. You can't start having a form of investment if you are afraid to loss or you are hesitant to deal with different kind of transaction. You need to step up and to have guts to deal with the rsk that Bitcoin could possibly give to us because it is truly worth the risk and worth to try on in the future.

[shone08]

I think the most difficult thing you have to face is that you have to follow the market 24/24. If you are late just few seconds, you will miss the chance.

You have a point in your opinion since Im new in day trading a lot of thing Im considering before buying a coin right now the price of bitcoin are not stable that not a good indicationfor all day trading if you are under go for day trading you need to set a profit everyday dont be greedy 3% to 5% profit every trade is enought if you trade up to 5 with 5% you earn a 25% profit everyday trading is risky think before you enter a good monitoring to the price movement of a coins will help you to analyze what move will you do.

[Dexenthes]

It also depends on when you get news, like today for example with XVG's wraith announcement. The coin will likely be pumped right when that occurs, so the early buyers today will benefit. We're discussing XVG here: https://discord.gg/3BAnZy

[bingble]

Very very risky day trading. Nobody can predict the up or down of price in a short time, specially the wave of coins is such huge, so it is easy to buy coins in a high price and sell them in a lower price.

[ashao1015]

Most day traders will lose or profit less money than longterm investors. It's like  rats race. Also AI and neuro networks will make the market more "smart" and will kill a lot of opportunities in the near future.

[Nasty23]

Most day traders will lose or profit less money than longterm investors. It's like  rats race. Also AI and neuro networks will make the market more "smart" and will kill a lot of opportunities in the near future.

Yes most of the day traders missed a big profit because sometimes when they sell their coin their is a bigger chance that this coin will become continues to going up that's why it is important to hold this coin for a long-term if you know what is their project all about because it can encourage more investors to pump this coin in the future.

[johnrickdalaygon]

It is very risky because you do not know when does your coin loosen its value. And in some cases, some of the trading website are scammers to avoid this you must be careful off choosing and know the trading site before depositing money on it.

[TERA2]

Guys... A volatile market is THE time to do daytrading. Without volatility you cannot daytrade.

[Geurangsang]

It's depend you to take day trading or long term. But some people like me take a flexible trading. It's mean if the price have up in one day he will sell all and when the price is lower than purchase, he will hold for a view day and wait the price up again to sell. That my be can give more profit that loeng term.