Day trading

[MrBungle]

Is day trading a thing in bitcoin? Does anyone practice it? Also, how big is the benefit someone could make of it? Is it substantial or just some minor benefit?
Also hello everyone I'm a newcomer around the bitcoin community. I'm sorry if the topic has been covered somewhere else but I searched around the forum and I anyway felt like a wanted to ask in a new topic.

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[shorena]

Is day trading a thing in bitcoin?

Yes.

Does anyone practice it?

The subboard "speculation"[1] is mostly dedicated to that topic.

Also, how big is the benefit someone could make of it? Is it substantial or just some minor benefit?
Also hello everyone I'm a newcomer around the bitcoin community. I'm sorry if the topic has been covered somewhere else but I searched around the forum and I anyway felt like a wanted to ask in a new topic.

Welcome.


[1] https://bitcointalk.org/index.php?board=57.0

[resya]

Don't try to get rich in one day if you're day trading. Bitcoin times have changed, it's not as crazy as it was last year. Last year price went up 100 dollars then back down 100 dollars 2 hours later. I doubt you see that.

[Amph]

day trading is too dangerous at the moment imho, there is plenty of manipulation(plenti of big wall), also the price seems to aims high, going short now is risky, better long term

[Alexis]

You can use leverage at 30x on places like Bitfinex.
So yes you can day trade, but it is quite risky.

[MrBungle]

So everyone who speculates right now just buy low, wait long and sell high?

[syamster]

I am currently studying the market movement of BTC, but its tough we cant find a solution why the btc suddenly up and suddenly get low, demand and supply is the answer, then also I am not convinced... waiting and watching

[hua_hui]

So everyone who speculates right now just buy low, wait long and sell high?

Buy low, wait long and sell high, is called "investing", not day trading especially fancied by short term speculators.
You are a newbie in bitcoin and probably has no any trading experience yet.Due to the fact that day trading is very risky, I recommend you just wait and learn the concept of bitcoin. If you have spare money, you can try to buy a little bit and hold.

[PenguinFire]

Day trading would be risky as freak right now. 

[freedomno1]

Is day trading a thing in bitcoin? Does anyone practice it? Also, how big is the benefit someone could make of it? Is it substantial or just some minor benefit?
Also hello everyone I'm a newcomer around the bitcoin community. I'm sorry if the topic has been covered somewhere else but I searched around the forum and I anyway felt like a wanted to ask in a new topic.

Sure it is there is a trading simulator in speculation if you want to try it out risk free
https://bitcointalk.org/index.php?topic=890086.0

[Nrcewker]

If you are a hard-working person, day-trade with your intelligence could help you get rich quickly

[Bitcoin Explorer]

If you are a hard-working person, day-trade with your intelligence could help you get rich quickly

That in my opinion needs experience of the economy also.
I think arbitrage is a good option if you have decent capital.

[najzenmajsen]

If you are a hard-working person, day-trade with your intelligence could help you get rich quickly

OR , you just make a bot that does the work for you. and you wont need that hard work you'll just get rick for free will take alot of time to get rich tho.

[shams]

Day trading is very risky for someone who does it without the knowledge and very profitable for someone who has all the knowledge and knows how to do day trading I never recommend day trading to a newbie because it can give them great losses.

[jmlona]

Is day trading a thing in bitcoin? Does anyone practice it? Also, how big is the benefit someone could make of it? Is it substantial or just some minor benefit?
Also hello everyone I'm a newcomer around the bitcoin community. I'm sorry if the topic has been covered somewhere else but I searched around the forum and I anyway felt like a wanted to ask in a new topic.

Very much so, although most day traders would branch out in to alt coins as well. I day trade sometimes with varying success, I'm no expert so only really do so in favorable market conditions. I am up considerably over just holding bitcoin over the last 6 months or so, others will have even greater success than I have done so, but it does not come without costs, it is a big time commitment and can be very taxing from a mental point of view. If you can't handle pressure and loss then it's not for you.

[mronezigger]

Day trading is good when you have a good strategy of trading.
for now day trading is not advice able because of the flow of bitcoin.
with day trading you could make everyday profit from bitcoin thereby making you gain more than holding bitcoin.

[valheru]

Day trading is good when you have a good strategy of trading.
for now day trading is not advice able because of the flow of bitcoin.
with day trading you could make everyday profit from bitcoin thereby making you gain more than holding bitcoin.

but day trading is riskier than holding bitcoin. but as you said, good strategy can be profitable.

[Grillo]

Lmao, daytrading is something that anyone can do, it is not something about "bitcoin" came on, make a little research before posting bullshit in here, and also, you can easily start doing daytrading if you put funds in your exchange account. Daytrading is more like a strategy

[princebridge7]

Unfortunately, Bitcoin's daily trading is now highly discouraged.
Because the facts are now in a downtrend.

different in 2015 backwards, very good if used for daily trading.

[gayan777]

Remember, day trading is not a game of luck. It is not a game of ifs and buts, which people generally talk about. Remember, day trading is not an effortless proposition, it requires a lot of hard work, analysis, access to information (news), flow, conviction and more importantly certain qualities which are discussed below.