Back to day trading with bitcoin

[manfredmann]

Earning in cryptocurrency start with this forum. The first thought that come to my mind was to make some money out of nowhere like joining bounty campaign. Yet, I have tried and it does not compensate well for there are scam ICO projects and relatively will not give bounty rewards. Thus, the painful part started when I was not able to receive rewards. Yet, I never thought that I could like more on cryptocurrency and without the forum I could not learn how to do it.

For being a member of this forum, I have sought some things or ways on how to earn on cryptocurrency. I tried investing small scale and apparently it was a failure. However, I did not discourage instead it was a motivation to find ways and establish a strategy. I know there is no easy way to earn but as long as you have a good strategy, patience, timing and other factors will relatively help one to earn in the investment.

Unfortunately bitcoin now is not that volatile compared to BCH and Ripple so I have decided to take part on this crypto also aside from bitcoins. I have tried to day trade with it but for some reason I have to join with other cryptocurrency and do day trading.


Thanks again to this forum it was privileged for being here. I have learn my lessons!

Note: This thread is self moderated!

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[Coyster]

Learning and earning is what this forum brings to the doorsteps of its members,if you take note you'll see I put learning first,before earning..if you learn first then you'll know that:
 Bounty campaigns are profitable but most times you really do not receive your tokens as majority are scam projects,so before going into them you'll have to condition your mind on the relative risks involved due to discussions you've either read or engaged in on this forum, you can either waste your time as a hunter or your money as an investor in them,youll also learn you ought to properly scrutinize their white paper, but there's little chance spotting a scam project from the beginning.

Also you talked about small scale,also on this forum you must have seen discussions such as your investments are proportionate to your rewards,so talking about small scale investments,you actually shouldn't expect to make a fortune out of it, or did you???


Finally you claim to be leaving investing in bitcoin for other cryptos due to volatility,well it's advisable though,but to invest in the bitcoin actually needs some huge capital,not all the time though,i also learnt in here that diversification is key,its not always safe to put all your eggs in one basket,as you could lose them all, and about volatility,thats what the market is,.unpredictable and highly volatile,you do not just wait for the bitcoin to rise, certain factors propel that rise, and why hasn't there been a pump this year???.. Those factors haven't occurred yet.


 Well I think both of us have to end the same way,
Thanks to the forum, it is and will always be a privilege being here...

[virendarnagpal]

Earning means taking your share from others.  For this task definitely everybody has to do some struggle.  Without struggle we can not get even a penny.
I see most of the members here are for the purpose of earning money.  Though some are just for the sake of gaining knowledge.  Both are available to all. 
If we join bounty campaigns there is always a risk that after working for two three months it is found that the ICO was a scam.  And the bounty manager getting zero value.   I read the views of senior members that before joining any campaign we must check their white paper.  There project needs to be understood cleraly.
But just checking whitepaper will not be sufficient.  You must need to check the history of team members.  In case the team is new; you must be careful from this new team having all the new members on it's board. 
Still if you loss or do not get your share; then do not be sad.  Just feel sorry from your inner self because we became the part of the team who scammed peoples' money.

Day trading earns good enough but it is very risky too.  There are chances of losing the own money too.  Because there is simple rule that loss of one person is the profit of the other.  Someone will earn only when the other will loss.  And the chances are that new; small ; investor with less knowledge will be the loser.  So beware before investing.

[manfredmann]

Day trading earns good enough but it is very risky too.  There are chances of losing the own money too.  Because there is simple rule that loss of one person is the profit of the other.  Someone will earn only when the other will loss.  And the chances are that new; small ; investor with less knowledge will be the loser.  So beware before investing.

Definitely ti's true for I have failed in my small scale investment and doing trading with bitcoin is not easy. However, the failure in the past was considered as an experiment. Aside from that the continuous reading and feed backing of some members here in the forum contribute to the learning process. Thus, will let one going to establish a good strategy for trading with bitcoin or other relative crypto.

Some experts have shared their valuable inputs to this forum as what I have stated in my opening message that earning cryptocurrency start with this forum. There are lot of expertise being shared with the brilliant members who's efforts are for the good and betterment of one who is involving cryptocurrency.

Note: Beware of some members here because some of them will scrutinize you and they are also sycophant and good for nothing members. I bet I have some followers now!

[Reatim]

Of course even can do anything be it a holder or day trading.

But I hope that before you day trade, at least calculate your risk, because we all know that day trading is very difficult if you don't know what you're doing and you may end up on the negative side, just saying, so goodluck to you.

[manfredmann]

Of course even can do anything be it a holder or day trading.

BTW, if you are involving in cryptocurrency which will you prefer? A holder or a day trader?

We know that a day trader is also a holder which probably day trader know about this because when we sell our crypto when their is a little pump we had only sell some of it like there is also a percentage we calculated so that loss will not be that huge. Little by little is our way of selling our holdings and that will depend on the market price increase. Then if the market price for a certain crypto will goes down then that is the time that will going to buy again.

As a day trader we do not matter on how much value of our crypto. We matter only on the number of crypto if we were able to make some of it from buying and selling. So far i have 10% of my crypto holdings from which the 10 percent increase was taken from the profit of day trading for a month. At least I had made some efforts to increase my crypto holdings. The equivalency to fiat will not matter because the market price of the crypto will depend on its demand. So, for this I consider day trader as a holder also and the good thing is that a day trader should be able to increase the crypto holdings.

Trading in crypto does not mean that you have to trade in a day. You need to see how market price move in the market. Green means sell and red means buy and that is my way of trading in crypto.

[TheWalkingCoin]

Day trading is more better than we have use long term trade, I like for day trading because I can earn profit every day and I don't care with small profit I got.

[lablab03]

Day trading is more better than we have use long term trade, I like for day trading because I can earn profit every day and I don't care with small profit I got.

yeah i agree, but unfortunately nowadays doing day trading became so hard with bitcoin because of the current situation.  Wherein we can earn small profits only right now unlike before. That's why i preferred to trade for long term to reduce losses because bitcoin nowadays is so volatile and keep fluctuate. 

[tweetbit]

Your strength and strategy as a trader are different from one to another. We can’t say that what is best for others might work for us. Having both is a gift and only a few people succeeded to overcome the consequences.

I’m a hodler because I have the patience and the optimistic attitude to profit out of it and I known somebody whom a short term trader who have an opposite strategy and tired of waiting.

[dewildance]

It is necessary to be patient and to continue to learn until you learn to make the right move at the right time, as the friend who opened the title said. At the first stage, I guess that a lot of people trading without knowing anything have been hurt.

[NeuroticFish]

I have learn my lessons!

Based on the "age" of your account, you are rather new. And this means you'll have plenty of more "lessons to learn". Hopefully they will not be painful and you'll also not lose money.
But knowledge comes with learning from your and others' experiences, good and bad.

Earning in cryptocurrency start with this forum. The first thought that come to my mind was to make some money out of nowhere like joining bounty campaign. Yet, I have tried and it does not compensate well for there are scam ICO projects and relatively will not give bounty rewards. Thus, the painful part started when I was not able to receive rewards. Yet, I never thought that I could like more on cryptocurrency and without the forum I could not learn how to do it.

For being a member of this forum, I have sought some things or ways on how to earn on cryptocurrency. I tried investing small scale and apparently it was a failure. However, I did not discourage instead it was a motivation to find ways and establish a strategy. I know there is no easy way to earn but as long as you have a good strategy, patience, timing and other factors will relatively help one to earn in the investment.

There are good campaigns and bad campaigns. With time you'll learn how to find mostly good ones.
Investments.. unless the projects are very bad, there's a chance they are not bad (unless you already sold with loss) and at some point money will flow back into crypto, helping those investments turn good.

Patience and long term strategy are good directions. You do have a chance for good

[charlotte04]

Earning in cryptocurrency start with this forum. The first thought that come to my mind was to make some money out of nowhere like joining bounty campaign. Yet, I have tried and it does not compensate well for there are scam ICO projects and relatively will not give bounty rewards. Thus, the painful part started when I was not able to receive rewards. Yet, I never thought that I could like more on cryptocurrency and without the forum I could not learn how to do it.

For being a member of this forum, I have sought some things or ways on how to earn on cryptocurrency. I tried investing small scale and apparently it was a failure. However, I did not discourage instead it was a motivation to find ways and establish a strategy. I know there is no easy way to earn but as long as you have a good strategy, patience, timing and other factors will relatively help one to earn in the investment.

Unfortunately bitcoin now is not that volatile compared to BCH and Ripple so I have decided to take part on this crypto also aside from bitcoins. I have tried to day trade with it but for some reason I have to join with other cryptocurrency and do day trading.


Thanks again to this forum it was privileged for being here. I have learn my lessons!

Note: This thread is self moderated!

Yup, as it happened to you it also happened to many of us here in the community, but as long as we fail we become more and more wise in the future and in trading.

[Cryptomania843]

I think Bitcoin is a long-term corner. We can not treat him like another altcoin. He will always be different since he is the leader. Much depends on bitcoin, the whole cryptocurrency market depends on it. I know a lot of people happen to trade but I do not.
What is likely is that it may rise after having had a long period of decline.

[Upgrade00]

Unfortunately bitcoin now is not that volatile compared to BCH and Ripple so I have decided to take part on this crypto also aside from bitcoins. I have tried to day trade with it but for some reason I have to join with other cryptocurrency and do day trading.

There are many factors to consider when selecting a base currency to trade. And volatility is not the foremost, except you're going for pumps and drops (which are uncertain and prone to manipulations).
- Trading vokume
- Chart history and moving average
But forts you need to train yourself on how to read charts and predict the market movements.
Bitcoin is still a viable trading option.

[awawo]

This forum has helped us all in the areas of our knowledge on cryptocurrency and how it work's it volatility and the panics that come with the market movement. But in all patients is the key to succeed in the community.

[manfredmann]

I have learn my lessons!

Based on the "age" of your account, you are rather new. And this means you'll have plenty of more "lessons to learn". Hopefully they will not be painful and you'll also not lose money.
But knowledge comes with learning from your and others' experiences, good and bad.

Well it is not the age of account matter. It is the individual who does wise moves and wise decisions in trading cryptocurrency. Aside from that there are many members also here that are willing to extend their help and they are just friendly as the other members here. I tried to pm one member whom I do think that he has the expertise on a certain matter and eventually I got a good reply. Yet, I could not disclose any of the information we have discussed in private.

In trading cryptocurrency, one should not get worried when the value of fiat currency for that crypto falls down. This is the part where you could take advantage where one should think how to the crypto instead of raising your fiat money. Then part of it is holding also since one should not withdraw all the crypto at once when you decide to stop trading. One should know how to hold and when to sell. One should not be a victim of holding that much of the crypto and waiting for the speculations or bull run to happen. As we all know that if it happen (bull run for crypto market) then a wise trader could quickly make some adjustments and it would be more easier when their is hype for cryptocurrency for it will just have a good market price volatility of the crypto.

[kenel]

investing and trading exclusively bitcoin is a good idea, because each trade will allow you to have a liquid coin. so you're right

[bangkecol]

There is a saying that does not put eggs in one basket. This gives direction that the right investment system is to have many alternatives as appropriate financial management.

Where when in an investment experience a loss, you can get additional from other investments, and of course it must also be accompanied by the right analysis. Both from the technical and fundamental analysis.

[lombok]

Every time I trade I never regret if the results are few, and must always be grateful if we benefit from bitcoin trading, I really thank this forum because I learned more about crypto whether it's bitcoin or altcoin. And I always keep a portion of my tokens for the long term and the important thing is that the capital has returned

[BlackPanda]

Before now, I have been trading the bitcoin against my local currency, recently I usually will wait for target to be hit due to low volatility. I equally move to some promising altcoins but  usually will convert some holdings to BTC after day trading to avoid much dump against the BTC. Although it comes with some level of risk. I have concluded that even eating food comes with it risk.

For me Bitcoin is still the main choice for a Trader in Trading. With a fairly safe price stability and also with the level of fluctuations that can be estimated, bitcoin can be used as an investment with a much smaller level of risk than when we invest in Altcoin. Now Bitcoin is very interesting and I trade Bitcoin every day. This is a choice that is when someone is comfortable with what they do then they will continue to do it sincerely.