Day trading and heavy manipulation

[kalashnikovski]

Not doing a predictions. Just to have a bet on the more real  result. If you will be control your risks than later you will be have a income. The better to doing technical analysis on the crypto- currency market because  very a lot false news in this system.

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[Yaunfitda]

I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?

Yes, its pretty obvious that you will see a huge jump then suddenly in matter of minutes the price goes -300%. So it really doesn't make sense to day trade.

Good that you look at it like gambling, very unpredictable and whatever tools you used are useless once those manipulators started to used their "magic wand" and turn the price to their favor.

[boy130]

Day trading at times of market uncertainties are more risky than otherwise because of exactly that; the market can get manipulated and you could be making the wrong investment.

[focacho1]

At the moment when the panic reaches its apogee, there may be a cue ball and will unfold its trend and go up. Probably whales specially do so.

[richminded]

Day trading at times of market uncertainties are more risky than otherwise because of exactly that; the market can get manipulated and you could be making the wrong investment.

Its good that the OP don’t lose much money on day trading because of this price manipulation. Yes, TA and other things that you do before you trade is useless especially when the market is in bear one. Day trading is too risky, that’s why its not advisable for inexperienced one, cryptomarket are being manipulated believe it ot not.

[Barbut]

Day trading at times of market uncertainties are more risky than otherwise because of exactly that; the market can get manipulated and you could be making the wrong investment.

Its good that the OP don’t lose much money on day trading because of this price manipulation. Yes, TA and other things that you do before you trade is useless especially when the market is in bear one. Day trading is too risky, that’s why its not advisable for inexperienced one, cryptomarket are being manipulated believe it ot not.

At first I was thinking that I can make a lot of money with day trading, I was wrong. Now I trade but I wait a long time before I sell, when it comes to buying I`m trying to buy just coins that have potentially great future, and when I get into I wait for months sometimes. When I quit day trading and started with mid and long term trading thats the moment when I started to make serious money. Ripple from 0.3$ I sold at 2$, IOTA from 0.5$ I sold at 2 dollars, but that was a little mistake, IOTA had top at 4,5$. Its best to buy when prices are down, and wait, if you don`t wish double profit wait for longer and you will achieve that, only if you get into right coin, and for me thats trading, buying the right coin in the right time.

[BitHodler]

When I quit day trading and started with mid and long term trading thats the moment when I started to make serious money.

That's because day trading is somewhat similar to gambling. In most cases traders don't even care what coin they day trade as long as it is volatile. It's too stressing and not really worth the time in my opinion.

It's not for nothing that the amount of bots has been increasing throughout the years. Instead of people wasting their time staring at tickers all day, they have their bot doing all the work for them.

The thing with trading in general is that most people don't feel comfortable doing so during a bear market, especially with how manipulation through derivative platforms as BitMEX is another factor to closely monitor.

I have taken enough distance from trading just because of that. It makes no sense for me to expose myself to these risks. Being a hodler is way easier and pretty much risk free.

[pawanjain]

I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?

Yes buddy that is exactly what I am thinking for a few months now but could really do nothing about it. Trading is not trading but gambling in crypto now. No analysis could make us prediction the price . The only factor that most of the times derive the price fluctuations is news. News related to crypto derives the price all over the world since peopl react to it. Most of the times it results in a panic sell.

[supermine]

The day trading can be profitable if we only understand the logic behind the price movements of bitcoin and it is hard to predict the moments for now since the prices were going stable at the moment but normally it will be swingy.And as you said in the long term you will made nothing by giving this much effort to the day trading o you need to be a holder if you want profits in long term.

[lordmick]

I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?

Of course every day we are confronted with manipulations, strong market movement, rumors and scam projects. But trader have to make right decision according to technical and fundamental analysis. Successful day trading requires a lot of time, concentration, and most importantly constant learning. You have to explore many news and rumors every day. So if you learn to identify uptrend and beginning of downtrend you will earn more money than lose.

[Pamahaw]

Not doing a predictions. Just to have a bet on the more real  result. If you will be control your risks than later you will be have a income. The better to doing technical analysis on the crypto- currency market because  very a lot false news in this system.

Even doing technical analysis can't offset the manipulation done by the whales. Whatever direction they want bitcoin will go it will be done. That is why doing day trading in my own opinion is not profitable anymore and it would be like gambling that really dependent on luck.

[omonuyak]

I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?

The whales and the professionals are the one making money from this market and you have to be able to develop your skills and experience in other to make money from day trading. You cannot just invest into the market without having adequate knowledge one how trading works.

[Yamifoud]

I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?

The whales and the professionals are the one making money from this market and you have to be able to develop your skills and experience in other to make money from day trading. You cannot just invest into the market without having adequate knowledge one how trading works.

Market manipulation isn't new to us,  in fact it is exist since from the start and it is getting showy now as a lot of people trying to do so. We cant stop them  actually and only we can do is to keep safe from doing trades in front of them.

[BitBerau]

Every market is manipulated in one way or another, you just have to take advantage of the manipulation lol.

[Hell-raiser]

I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?

It is the same with any market out there, not just with Bitcoin or any other cryptocurrency. In fact, this matter has been discussed many times at great length already and not just here, at bitcointalk. Most financial markets are typically a zero-sum game and given that there are always entities and individuals who can milk the market in some way, for example, through arbitrage or insider info, your only chance of success is pure luck. In plain terms, that means you are gambling most of the time. Or did you really think of yourself as some exceptional trader who could easily outperform the rest of the pack?

As the saying goes, whatever you try to do has already been tried and it didn't work.

[berrygood]

While there is no logic in day trading, even if there is it changes a lot, also daily fluctuations are prone to heavy manipulation. Therefore most lose money in day trading.

[Reid]

Why do I have that same impression?
It is not a good thing but I do see it like that and it is also the reason I stopped trading bitcoin.

Switched to other coins and made my way into making profits better than doing it with bitcoin.

Maybe you should try it too.
Altcoins have a higher possibility of profit. Why? You can own millions of it and somehow you could be one of the whales for the cheapest price.

[Hell-raiser]

I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?

The whales and the professionals are the one making money from this market and you have to be able to develop your skills and experience in other to make money from day trading. You cannot just invest into the market without having adequate knowledge one how trading works.

If you understood how the market works you would stay away from day trading entirely. As others have said, it is mostly gambling, and I would like to add that it is gambling with a house edge. In that case, the longer you gamble, the higher are your chances for accumulating losses as you can't take money from the dudes you mentioned, the whales and the professionals. These are either going for sure profits or staying away from the market. Unlike many of us, they don't gamble.

And when they are looking for profits, it means you losing money because their profits are your losses, as simple as that.

[maxreish]

Manipulation in the market always exist. But i agree that trading is also considered as a gambling. You make a bet, you win or you lose. It is a game which is highly manipulated by whales. If you are an altcoin trader, indicators are a big help to do a buy low and sell high. Same with a margin and swing trader. But definitely, when whales are already playing, indicators are being useless.

[Kira_lapa]

Yes indeed. Currently, the market is unpredictable as much as possible. I also think that there are market manipulations so that most traders panicked and sold their coins. In general, trading is the flow of money from the pockets of some players into the pockets of others.