How profitable is BTC daytrading?

[twiifm]

Day trading is really hard and it takes a long time to get good.  The problem is that people dont have enough money when they start so they never reach that point of experience before blowing there account

[bitcoboss]

lots of potential in crypto day trading

[KJO]

I am using Bitcoin for a while now to get paid and to pay but I never have any day-traded neither did I mined any.I just love the holding game.I see many people engaged in trading on btc-e website.

I have some Bitcoins,which are already on Btc-e and also some amount of Litecoins as well as some other altcoins.


I would love to hear some expert suggestions on day trading.I know it's risky but I can afford to loose some of cryptos if in case anything goes wrong.Just a line of some clues and brief explanation on this topic is what I expect from you folks.


Hope this is the correct section to start this discussion.

Regards.

I see really terrible advice here. Buy low and sell high? C'mon maaaaaaaaaaaan. 

Daytrading without the knowledge is akin to throwing your funds away, I guarantee it. Don't think for a second you can just study a book for a week and simply start making profits.

Technical analysis of a speculative market is not a concrete solution and requires years to understand proficiently.

The best advice for someone in your shoes is to hold longterm and forget about charts. Use your fiat to accrue a growing position and be patient. If you can't hold longterm, then get out. This is not a game for a beginner. And whatever you do, do not go all-in on alt-coins.

[furlong]

I am using Bitcoin for a while now to get paid and to pay but I never have any day-traded neither did I mined any.I just love the holding game.I see many people engaged in trading on btc-e website.

I have some Bitcoins,which are already on Btc-e and also some amount of Litecoins as well as some other altcoins.


I would love to hear some expert suggestions on day trading.I know it's risky but I can afford to loose some of cryptos if in case anything goes wrong.Just a line of some clues and brief explanation on this topic is what I expect from you folks.


Hope this is the correct section to start this discussion.

Regards.

I see really terrible advice here. Buy low and sell high? C'mon maaaaaaaaaaaan. 

Daytrading without the knowledge is akin to throwing your funds away, I guarantee it. Don't think for a second you can just study a book for a week and simply start making profits.

Technical analysis of a speculative market is not a concrete solution and requires years to understand proficiently.

The best advice for someone in your shoes is to hold longterm and forget about charts. Use your fiat to accrue a growing position and be patient. If you can't hold longterm, then get out. This is not a game for a beginner. And whatever you do, do not go all-in on alt-coins.

But ain it the only way to go rich? If I invested my BTC in DRK back in the day, I would have made massive ass gains. I had intuition it would go up, but i was too rational. I need a way to make money FASTER, this "put a little FIAT in BTC then wait" is going to take way too long. I dont want to make some extra when im older, I want to enjoy the money now that im still young. The only way for this is to take big risks. Fuck this gay earth.

[Altminer79]

When we have a proper strategy and good budget to spend on you can make a decent profit out of it.But recommendation is you get onto some fresh alts and join the pump and dump game.You would surely make a profit more than expected and then you convert the alts to bitcoin while you earn profit.Just don't hold onto alts for very long,do what you have to do to make a profit and then just GTFO

[giveBTCpls]

When we have a proper strategy and good budget to spend on you can make a decent profit out of it.But recommendation is you get onto some fresh alts and join the pump and dump game.You would surely make a profit more than expected and then you convert the alts to bitcoin while you earn profit.Just don't hold onto alts for very long,do what you have to do to make a profit and then just GTFO

This is somewhat legit, but to make the real, big gains with the alt game you need balls to hold longer than you would expect. Like it has been said before, big gains from DRK and Blackcoin, came from guys that held the coins for 1+ month at least. I also think Monero is worth holding long term. Other than these, yes, the rest are most likely P&D shitscams.

[MightyBTC]

When we have a proper strategy and good budget to spend on you can make a decent profit out of it.But recommendation is you get onto some fresh alts and join the pump and dump game.You would surely make a profit more than expected and then you convert the alts to bitcoin while you earn profit.Just don't hold onto alts for very long,do what you have to do to make a profit and then just GTFO

This is somewhat legit, but to make the real, big gains with the alt game you need balls to hold longer than you would expect. Like it has been said before, big gains from DRK and Blackcoin, came from guys that held the coins for 1+ month at least. I also think Monero is worth holding long term. Other than these, yes, the rest are most likely P&D shitscams.

Holding onto some alts just turn out to be P&D fuck.So so I think in the alt game you better go for the shit real quick and turn it back to Bitcoin asap

[wasserman99]

When we have a proper strategy and good budget to spend on you can make a decent profit out of it.But recommendation is you get onto some fresh alts and join the pump and dump game.You would surely make a profit more than expected and then you convert the alts to bitcoin while you earn profit.Just don't hold onto alts for very long,do what you have to do to make a profit and then just GTFO

This is somewhat legit, but to make the real, big gains with the alt game you need balls to hold longer than you would expect. Like it has been said before, big gains from DRK and Blackcoin, came from guys that held the coins for 1+ month at least. I also think Monero is worth holding long term. Other than these, yes, the rest are most likely P&D shitscams.

That is not legit. That is a horrible idea. If you know something is a pump and dump "investment" then you also know that it is horribly risky. The pumpers could start to dump the alt coins at any time while you are holding the alt coin. The higher the price gets and the longer you hold on to the coin the greater your chances of the price crashing.

[jbrnt]

I am sure it is profitable, but is it worth the risk? AND can you repeat that everyday day in and day out? You will be working with a relatively large amount and one wrong move will clear you out.

[KJO]

I am using Bitcoin for a while now to get paid and to pay but I never have any day-traded neither did I mined any.I just love the holding game.I see many people engaged in trading on btc-e website.

I have some Bitcoins,which are already on Btc-e and also some amount of Litecoins as well as some other altcoins.


I would love to hear some expert suggestions on day trading.I know it's risky but I can afford to loose some of cryptos if in case anything goes wrong.Just a line of some clues and brief explanation on this topic is what I expect from you folks.


Hope this is the correct section to start this discussion.

Regards.

I see really terrible advice here. Buy low and sell high? C'mon maaaaaaaaaaaan. 

Daytrading without the knowledge is akin to throwing your funds away, I guarantee it. Don't think for a second you can just study a book for a week and simply start making profits.

Technical analysis of a speculative market is not a concrete solution and requires years to understand proficiently.

The best advice for someone in your shoes is to hold longterm and forget about charts. Use your fiat to accrue a growing position and be patient. If you can't hold longterm, then get out. This is not a game for a beginner. And whatever you do, do not go all-in on alt-coins.

But ain it the only way to go rich? If I invested my BTC in DRK back in the day, I would have made massive ass gains. I had intuition it would go up, but i was too rational. I need a way to make money FASTER, this "put a little FIAT in BTC then wait" is going to take way too long. I dont want to make some extra when im older, I want to enjoy the money now that im still young. The only way for this is to take big risks. Fuck this gay earth.

I cant help you. If you had asked me for help I could've shown you ways to gain almost everyday but you want the whole thing wrapped on a platter so I dont really give a shit.

[Unbelive]

you can gain as much as you can lose.

[routecrypto]

Daytrading is like gambling, luck is the main factor but there's also a little percent of skill.

[Ayers]

it's like gambling(more like poker maybe) , don't do it unless your are really experienced

[cryptomad]

Listen to  the comments above this can be very risky if u do not know what your doing and you could end up with nothing

[grappa_barricata]

Cryptic trading tip #1: stops are your friend, but not in the way you think.

[Wilhelm]

I've started trading a while ago using btc-e with metatrader. I'm building experts now to make money.

My view:

1. Daytrading will almost always result in big loss. This is due to the high volatility and violent swings. To make any profit you should look at daily charts and not 1minute charts.

2. Stoploss can get hit by dumpers or pumpers (when shorting) causing loss when you could have made a profit. But than again trends can change as quickly so you cant be certain on a rebound.

3. Every trading pair requires it's own ta. StochRSI works on some and bolingerbands on others, etc.

Yes the market allows for trading but volume is usually too low for daytrading.

[bigbigdog]

it is profitable only to experts for most of people it is just gambling

[Justine]

it is profitable only to experts for most of people it is just gambling

Daytrading is a gambling regardless if it is done by experts or none experts.

Professional traders only good at one thing when it comes to day trading, that is risk controlled.

[SwingBTC]

Day trading is luck.

[hawahawa]

I have studied technical analysis but can't earn anything with bitcoin daytrades.