Can you make money day trading Bitcoin?

lepbagong

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Quote from: martina14 on December 23, 2021, 10:44:15 PM

By getting profit in a day trading activity using Bitcoin for me is very profitable, it is too impossible that within a week you won't get any earnings from this coin. Particularly, if you have a lot of money and you know the cycle ecosystem movement here in this type of business, I can assure and guarantee that in the end you will reap a good harvest 100%.

the problem is that daily trading in bitcoin is clearly sufficient funds because it is clear that the price is already too high, if you only play small, of course there will be no effect, it is better for long-term investments by continuing to save extra.

agree with you that daily trading with bitcoin is clearly very profitable because the fast movement will make it easier for trading to profit from the differences that occur quickly. though you have to be smart to read the direction where bitcoin will move.

blockman

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Quote from: Cling18 on December 26, 2021, 01:46:05 PM

Quote from: blockman on December 23, 2021, 06:27:14 PM

Quote from: Sihab76 on December 17, 2021, 05:16:14 PM

Your opinion is correct because the bitcoin market is always volatile. No one in the bitcoin market can say for sure what the future holds. However, before investing and trading Bitcoin, you must have previous experience.

Even you don't have, a newbie cannot gain an experience if he's not going to get in and get an experience. So if it's a requirement for one to invest bitcoin and start trading to have an experience, then, all of us shouldn't be here if we don't have that in the first place.
Well, anyone can trade and invest regardless of the experience but there's the advantage that he gets when he has it. But, he'll only get it through his own involvement in the market.

Experience is really the best teacher and if you won't invest with bitcoin in the beginning, you wouldn't be knowledgeable to invest with other altcoins. Don't underestimate the learnings that you could gain through actual trading no matter how big or small your starting amount is. Bitcoin as the father of all altcoins is too profitable especially if we'll search everything about it including its history.

Let's say that it's the king of the whole crypto market. It's a fact that with little experience and amount that you invest to bitcoin, you'll be able to experience its volatility.
And upon gaining that, you'll learn and get to understand why people are buying it and then eventually understands that the altcoin market is too volatile to jump too especially the uncommon ones.

boyptc

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Quote from: milewilda on December 25, 2021, 05:10:46 PM

Quote from: boyptc on December 25, 2021, 04:57:44 PM

Quote from: Gosgosking on December 25, 2021, 11:22:21 AM

Money can be made in a day trading but I don't think this can just happen to everyone. It works for only those who understand cryptocurrency very well. Beginner should not just think they can always make money from day trading. Before Beginner should go into day trading they should first know more about cryptocurrency trading very well.

It can happen to those that have been doing it for a long time and are experts on it but, it cannot happen to the new ones and just have seen others making a daily profit from day trading bitcoin or any other cryptocurrencies.

That's the misleading part for beginners when they see others profiting from it. They'll eventually think that the easiest part is by just doing it. But as they do it, the struggle will be seen.

They'll soon realize it when reality slap up their faces and would say to theirselves that day trading isnt something a noob friendly kind of strategy and even myself who had been doing
trades for years havent able to be ending up on profitable with scalping or day trade.This isnt something that you could deal with if you dont have sufficient experience
and skills towards trading but if you are really that serious on doing this then it can be done but you would really need to be wise
and clever on day trades.

It has to be a committed activity and way of growing your bitcoin.

If you're not too committed on it, you better just be holding and that's what has been the best strategy that most of us are doing.

Although it is taking a lot of time, you only have to be patient and see the worth of your time through waiting for the best time to take the profit.

Cling18

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Quote from: blockman on December 23, 2021, 06:27:14 PM

Quote from: Sihab76 on December 17, 2021, 05:16:14 PM

Your opinion is correct because the bitcoin market is always volatile. No one in the bitcoin market can say for sure what the future holds. However, before investing and trading Bitcoin, you must have previous experience.

Even you don't have, a newbie cannot gain an experience if he's not going to get in and get an experience. So if it's a requirement for one to invest bitcoin and start trading to have an experience, then, all of us shouldn't be here if we don't have that in the first place.
Well, anyone can trade and invest regardless of the experience but there's the advantage that he gets when he has it. But, he'll only get it through his own involvement in the market.

Experience is really the best teacher and if you won't invest with bitcoin in the beginning, you wouldn't be knowledgeable to invest with other altcoins. Don't underestimate the learnings that you could gain through actual trading no matter how big or small your starting amount is. Bitcoin as the father of all altcoins is too profitable especially if we'll search everything about it including its history.

gamer4156

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I figure it will be difficult for you to accomplish the great profit here in crypto space. Yet, assuming you see even it is a smidgen or essential basically I could say its a decent method for acquiring without a doubt eventually. In the event that individuals are bringing in cash day exchanging shares, crypto is a significantly more straightforward market to trade.

milewilda

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Quote from: boyptc on December 25, 2021, 04:57:44 PM

Quote from: Gosgosking on December 25, 2021, 11:22:21 AM

Money can be made in a day trading but I don't think this can just happen to everyone. It works for only those who understand cryptocurrency very well. Beginner should not just think they can always make money from day trading. Before Beginner should go into day trading they should first know more about cryptocurrency trading very well.

It can happen to those that have been doing it for a long time and are experts on it but, it cannot happen to the new ones and just have seen others making a daily profit from day trading bitcoin or any other cryptocurrencies.

That's the misleading part for beginners when they see others profiting from it. They'll eventually think that the easiest part is by just doing it. But as they do it, the struggle will be seen.

They'll soon realize it when reality slap up their faces and would say to theirselves that day trading isnt something a noob friendly kind of strategy and even myself who had been doing
trades for years havent able to be ending up on profitable with scalping or day trade.This isnt something that you could deal with if you dont have sufficient experience
and skills towards trading but if you are really that serious on doing this then it can be done but you would really need to be wise
and clever on day trades.

boyptc

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Quote from: Gosgosking on December 25, 2021, 11:22:21 AM

Money can be made in a day trading but I don't think this can just happen to everyone. It works for only those who understand cryptocurrency very well. Beginner should not just think they can always make money from day trading. Before Beginner should go into day trading they should first know more about cryptocurrency trading very well.

It can happen to those that have been doing it for a long time and are experts on it but, it cannot happen to the new ones and just have seen others making a daily profit from day trading bitcoin or any other cryptocurrencies.

That's the misleading part for beginners when they see others profiting from it. They'll eventually think that the easiest part is by just doing it. But as they do it, the struggle will be seen.

redsun114

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Quote from: geegaw on December 25, 2021, 08:57:23 AM

The truth is that as soon as you place a long or short order with the help of leverage, profits and losses will begin to show and convert instantly and as described, the trend is in line with the prediction that it only takes a few seconds to close the order. Maybe for us, these are games that are thrilling and don't make money very often, but for the pros with a long battle history, mostly use a lot of screens for bitcoin chart analysis, with pretty high leverage and lightning order placement, all are enough to complete their one day profit, it's really fun and worth a try but don't get addicted

The even scarier part is that if you do a very high leverage (I have once seen 250x in one place which is insane!) you have like maybe 100 bucks to move and get liquidated, maybe it is just 1k but let's be honest 1k is not a lot in crypto. So, as soon as you invest into a high leverage, you end up being at a risk of losing every single investment you have there, not just a drop, totally gone.

It doesn't mean that the result is a guaranteed loss, obviously you could also make a lot of money if you are right as well. With that much risk and leverage, if you are ever right, a few thousand dollars to your direction could mean tens of thousands of dollars profit instead. Much riskier than holding crypto itself, but a lot more profitable if you are right as well.

Gosgosking

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Money can be made in a day trading but I don't think this can just happen to everyone. It works for only those who understand cryptocurrency very well. Beginner should not just think they can always make money from day trading. Before Beginner should go into day trading they should first know more about cryptocurrency trading very well.

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Quote from: qory on December 24, 2021, 09:36:50 PM

You can make money even in just a matter of seconds but that would be risk and will be using a bit high leverage. But I think you were referring to day trading? Honestly it depends on how good you are at trading and analysis, some people could lose a lot even in day trading because of bad analysis.

This method of trading within the shortest period of time is referred to as scalping which requires a high degree of expertise and experience, it is no-go area for any newbie because it is highly risky and a newbie account can be liquidated, however we have experienced traders who earn decent profits day trading bitcoin with a very high leverage and earn profits, these category of traders understand candlestick patterns and Price Action very well and can almost predict price movement and knows where to take profit and place a stop loss.

touseefahmad1999

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yes you can make money with day trading but few things you must know this not easy if you did not know about technical analysis without knowledge you will loose you,r money so that is why first learning is very important than earning. risk management is very important before trade. if you make strategy and work on it so definitely you can make money with crypto. always you never make money due to market volatile. so before trading knowledge is must important

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Quote from: molsewid on December 24, 2021, 11:48:35 PM

Quote from: qory on December 24, 2021, 09:36:50 PM

You can make money even in just a matter of seconds but that would be risk and will be using a bit high leverage. But I think you were referring to day trading? Honestly it depends on how good you are at trading and analysis, some people could lose a lot even in day trading because of bad analysis.

Many of my friends also said that making money in day trading in just a second is possible but the risk is too high that only those with high-risk tolerance could possibly make it. Actually, I haven't tried it because I don't have yet the amount of money that I could be willing to lose in just a second but I honestly wanted to try it, not solely aiming for a high or great profit in just a second but at least I could try it and learn from it, and as a trader, it could be a great experienced.

The truth is that as soon as you place a long or short order with the help of leverage, profits and losses will begin to show and convert instantly and as described, the trend is in line with the prediction that it only takes a few seconds to close the order. Maybe for us, these are games that are thrilling and don't make money very often, but for the pros with a long battle history, mostly use a lot of screens for bitcoin chart analysis, with pretty high leverage and lightning order placement, all are enough to complete their one day profit, it's really fun and worth a try but don't get addicted

molsewid

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Quote from: qory on December 24, 2021, 09:36:50 PM

You can make money even in just a matter of seconds but that would be risk and will be using a bit high leverage. But I think you were referring to day trading? Honestly it depends on how good you are at trading and analysis, some people could lose a lot even in day trading because of bad analysis.

Many of my friends also said that making money in day trading in just a second is possible but the risk is too high that only those with high-risk tolerance could possibly make it. Actually, I haven't tried it because I don't have yet the amount of money that I could be willing to lose in just a second but I honestly wanted to try it, not solely aiming for a high or great profit in just a second but at least I could try it and learn from it, and as a trader, it could be a great experienced.

qory

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You can make money even in just a matter of seconds but that would be risk and will be using a bit high leverage. But I think you were referring to day trading? Honestly it depends on how good you are at trading and analysis, some people could lose a lot even in day trading because of bad analysis.

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Quote from: lixer on December 24, 2021, 01:46:31 PM

Quote from: Questat on December 24, 2021, 01:13:46 PM

if we know more about trading and improve our knowledge and skill, earning a profit every week is very possible. However, it wasn't guaranteed that it becomes a 100% return of our capital, and losses still be feasible during the full week in trading.

Finishing up a week in profits is something different from finishing up a day in profits. If you target to close your trades within a day then you may face lots of challenges. If you open a position as per your technical and wait for 2 to 4 days to book profits then you can get plenty of chances to finish your week in profits.

Actually, this only works in a bullish market. now the market is bullish and a solid uptrend is detected. if you open a trade right now and wait for 2 to 4 days then surely you will get good opportunities to close the trade with profit. But think about the bearish condition, when a downtrend appears then it is not wise to open a trade for over the week.
Closing your active trade on daily basis is functional in both uptrend and downtrend condition when 2/4 days long trades is only functional in uptrend condition.
to close your day trade on daily basis you don't have to face a lot of challenges, only following 4 hours MACD movement is enough to perform a successful Day trade.

lixer

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Quote from: Questat on December 24, 2021, 01:13:46 PM

if we know more about trading and improve our knowledge and skill, earning a profit every week is very possible. However, it wasn't guaranteed that it becomes a 100% return of our capital, and losses still be feasible during the full week in trading.

Finishing up a week in profits is something different from finishing up a day in profits. If you target to close your trades within a day then you may face lots of challenges. If you open a position as per your technical and wait for 2 to 4 days to book profits then you can get plenty of chances to finish your week in profits. This is being termed as short term based trading which must be better than day trading.

Only trading with the expectation of targets to be achieved within a day is a big problem in crypto markets due to its high volatile nature. If you give time for your positions then you may get assured profits in long run given that your skills in analysis is decent enough.

Questat

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Quote from: martina14 on December 23, 2021, 10:44:15 PM

By getting profit in a day trading activity using Bitcoin for me is very profitable, it is too impossible that within a week you won't get any earnings from this coin. Particularly, if you have a lot of money and you know the cycle ecosystem movement here in this type of business, I can assure and guarantee that in the end you will reap a good harvest 100%.

Maybe you are right. Of course, that was our goal and to make a profit is very challenging for newbies that even in a month they never taste profit but just losses. I just feel it coz that was my experience before. But if we know more about trading and improve our knowledge and skill, earning a profit every week is very possible. However, it wasn't guaranteed that it becomes a 100% return of our capital, and losses still be feasible during the full week in trading.

palle11

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The price of btc his much higher that is why i am not interested but if you have enough money then you can do it but don't forget that it is high risky.

Being high is not a reason not to make profit from bitcoin. You can trade small then take lower risk because of your capital but if you get it right, you are in for fast profit because of the volatility. Most times trading of bitcoin can be good because you don't have to experience hedges or delay unlike others.

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Quote from: doremonchina on December 11, 2021, 10:36:33 AM

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.

In fact the strategies are there, in addition to the ones you name, now although it is true the crypto market has opened the doors of trade to practically everyone and that includes anyone who has no idea of what it means to trade but nevertheless it can be learned empirically.

The OP's question: having daily losses with bitcoin is normal but in the average of a month you it can be profit.

However people train to earn money, but they never train for losses, not mentally, not academically and the worst perhaps the most important financially.

martina14

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By getting profit in a day trading activity using Bitcoin for me is very profitable, it is too impossible that within a week you won't get any earnings from this coin. Particularly, if you have a lot of money and you know the cycle ecosystem movement here in this type of business, I can assure and guarantee that in the end you will reap a good harvest 100%.

Topic: Can you make money day trading Bitcoin? (Read 886 times)