Can you make money day trading Bitcoin?

[taufik123]

In this issue my idea is that every one invest a money into trading . There are two types trading short term and long term first of all you gain a knowledge a about trading and the next point is that you easily make a money day through trading.

The next point you mean, it will not be easy to make a profit even though it looks simple. Short-term or long-term trading requires good strategy and fund management. To be able to get consistent profits, good trading skills are needed, not just guessing prices. all require a process.

[LUCKMCFLY]

I have a friend who only operates with BTC, and most of the time he takes exchanges like Bitmex to do it, taking into account that arbitrage in Bitmex is quite tolerant on many occasions, when you have information about the liquidity pool it is possible to do small scalping that They can make a profit, by reviewing the BTC chart you can make short-term predictions where you can earn a lot of money, at least that is what he does, the trick for him is to put a lot of money in each operation, because if it is done With little money it is difficult to see the profits, even so it represents a great challenge for me and to have a lot of knowledge to get to do something like that. The only BTC trading I do is buy fractions of BTC and wait for it to go up, which usually happens almost always.

[worldofcoins]

Crypto markets are always uncertain. We cannot predict the next step of the market. All the ups and downs are the result of buying and selling trends of the people. Yes, money can be made by day trading. But it required your proper attention and focus on the market.
In my opinion, purchasing at the right time when prices are low and selling at the right time can help you make money. But you must learn the trading skills and market trends before investing.

[ReiMomo]

If you have set up a bot and it's really yielding the right profit then yes, go ahead with day trade if you are well experienced. If you are new to trading then go for a long term trade to avoid loses.

And investing a huge amount and expecting a minimum profit, will help in day trade to earn every day. But every day may not be the same say. You would see profit in a day or two and at times there would be a profit since the book value might have gone down.

[Patigi]

Why not? that  you can't make money through day trading with Bitcoin. Day trading is a good strategy of trading that is there to help you make you profit daily once you understand it. But when trading Bitcoin daily don't expect too much profit or you trading with huge capital because Bitcoin don't pump like others altcoins and even it turn to time of dumping it don't dump anyhow.so,Bitcoin is one of best coin you trade without losing much once you understand the chart.

[GeorgeJohn]

There are always risks involved when it comes to any form of investing—risks that could result in you losing your money. So before you even think about crypto day trading, there are some things that you should probably know.

It's seems that you are not here to acquire knowledge, your explanation indicates that you know it all while you are forcing yourself to explain what you have the little concept of it's knowledge, newbies asked questions to know, not to educate people, the subject sentence is stating another thing ( CAN YOU MAKE MONEY DAY TRADING BITCOIN) So, this is a typical question that deserved an answer from the superior once, but you are busy elaborating it, so what is the essence of the questions, since you know it.

[Alert31]

Day trading is profitable if the market movement is good and you have a lot of time to spend in front of your computer to trade with different trading strategy to be use. Making money in crypto is depend on your capital, knowledge, strategy and your emotion either in day trading or as long term holder.

[macson]

In this issue my idea is that every one invest a money into trading . There are two types trading short term and long term first of all you gain a knowledge a about trading and the next point is that you easily make a money day through trading.

The next point you mean, it will not be easy to make a profit even though it looks simple. Short-term or long-term trading requires good strategy and fund management. To be able to get consistent profits, good trading skills are needed, not just guessing prices. all require a process.

if someone relies on guesswork in trading, it's called gambling....even though it is difficult, every trader must have basic skills and good trading analysis to consistently make profits as you say.  i find it funny when people are trivial with trading and say trading is easy.

[EdenHazard]

( CAN YOU MAKE MONEY DAY TRADING BITCOIN) So, this is a typical question that deserved an answer from the superior once, but you are busy elaborating it, so what is the essence of the questions, since you know it.

You made my day george lol

I have a friend who only operates with BTC, and most of the time he takes exchanges like Bitmex to do it, taking into account that arbitrage in Bitmex is quite tolerant on many occasions, when you have information about the liquidity pool it is possible to do small scalping that They can make a profit, by reviewing the BTC chart you can make short-term predictions where you can earn a lot of money, at least that is what he does, the trick for him is to put a lot of money in each operation, because if it is done With little money it is difficult to see the profits, even so it represents a great challenge for me and to have a lot of knowledge to get to do something like that. The only BTC trading I do is buy fractions of BTC and wait for it to go up, which usually happens almost always.

Arbitrage daytrade .. that's indeed required huge capital , the margin most of the times are tiny and you need to do it all superquick.
tbh the only job that a trader needed is by minimize the risk through strategies .. as you might get 100% profit today but then 50% loss in the next 3 days and so on. minimize it and you are good to go to have steady profit monthly.

[Slow death]

I've commented on this in the past, in case of day trading you need to have large capital so that the person does not need to have large price fluctuations to be able to profit, with large capital everything is very easy and practical. Bitcoin example in my opinion, having something like more than $10.000 would be ideal for day trading, below that a lot of headaches unless the person leverages to have more capital but the risk also becomes greater

[michellee]

Yes, anyone can make money during day trading bitcoin, but as you know, it will take a lot of your time and effort. It is simple to make money in trading if you have a thorough understanding of day trading. If a user loses money while day trading any coin, it is easy to recover that loss because the capital used is small.

Suppose those people can analyze the bitcoin market. In that case, they can day trading bitcoin but he needs to put a big effort into analysis because the bitcoin movement are unpredicted and no one where is the next movement from bitcoin. Maybe we should not use too big money during day trading bitcoin because of the risk but if your skills are high, that will not be a problem because you can know when entering and leaving the market before it is too late.

[Zanab247]

Yes you can make money in day trading just that the profit is not too big like long trading you will be expecting big profit. When i started day trading some years ago, I was thinking that am making progress with the little profit i was achieving from day trading in the community not knowing that i was wasting my time and energy for small profit at the end of the investment.
Since i changed to long trading in the market, is very easy for me to make a good Profit from the community. There are still many profits to achieve before the end of this month of November because many traders has seen the difference between day trading and long trading in the market.
Long trading is more favourable in this season we are.

[mksundip]

everyone can profit from crypto trading. I think this is an easy thing, as long as we can master the science of trading coupled with good trading management, I think it's easy to be used as an income. we also determine the target of what percentage of our initial capital whether we play the role of trading daily, weekly, or monthly it's all the same concept. only we are required to be smarter to manage it

[martina14]

Earnings money via day trading methods is one of the effective things here in crypto space. Although, not all the time you can get a nice or big profit in a daily activity due to its volatility, But I can assure you that you can able to get profit every week and it is possible 3-5x based on my experienced for a couple of years doing it.

[suryogandul]

Bitcoin trading can make daily money if you use the daily concept.
but need to set a target for example 5% per day of capital it is very good if it can run consistently. I think it will make a special profit because every day we can see the profit we get instead of waiting for weekly trading concepts or monthly trading concepts and it's too long.

[doomloop]

everyone can profit from crypto trading. I think this is an easy thing, as long as we can master the science of trading coupled with good trading management, I think it's easy to be used as an income. we also determine the target of what percentage of our initial capital whether we play the role of trading daily, weekly, or monthly it's all the same concept. only we are required to be smarter to manage it

Right, I always believe that a good level management skill can help anyone to be really successful in trading cryptocurrency. When you understand that the market can be highly unpredictable and you master the skills of managing risks properly then you wouldn’t have much issues, because when you are in a position that you are likely to lose money you would always know how you’re going to handling the situation to avoid too much of loss.

There are also lots of tools out there that traders should get acquainted with, they are usually going to be helpful in our day to day trading. Then one needs to understand analysis in general; technical analysis and fundamental analysis, you should be able to know all. These are the things that helps you become successful.

[Jazzi Mahesh]

Many people want to take advantage of Bitcoin's many opportunities. You may be confused, if you understand it once, then you can successfully get a considerable extra income from it. If you are considering using Bitcoin, then this will help you make money a lot.

[yohananaomi]

Bitcoin trading can make daily money if you use the daily concept.
but need to set a target for example 5% per day of capital it is very good if it can run consistently. I think it will make a special profit because every day we can see the profit we get instead of waiting for weekly trading concepts or monthly trading concepts and it's too long.

That's right, we know bitcoin is very fast in trading movements and it is worth having the courage to make day trades. but it does need a good analysis because the current movement is difficult to predict even though there seems to be a deep correction to bitcoin, but bitcoin is also able to move up quickly and as quickly as it can go down. If you analyze it well it is clear that day trading is very profitable. but if you don't want to be at risk, bitcoin is always profitable, just make it a long-term investment and you will get the maximum value in time.

[blockman]

Many people want to take advantage of Bitcoin's many opportunities. You may be confused, if you understand it once, then you can successfully get a considerable extra income from it. If you are considering using Bitcoin, then this will help you make money a lot.

It will make you money but refrain as if talking that there's an instant success with it in front of newbies.
There's something wrong with that explanation that makes the newbies too hopeful and gives them beyond optimistic belief on it in the short term.
Bitcoin is good as a long term investment but when it's to short term, you should be good as a day trader.

[doremonchina]

There are two fundamental strategies to use to break down and assess cryptographic money. The procedures have existed for ages and have effectively been executed for conventional monetary resources. These are the Fundamental Analysis (FA) and Technical Analysis (TA). Regularly they are utilized correlative to one another yet it is feasible to apply either freely.