Topic: Can you make money day trading Bitcoin? - page 4. (Read 834 times)
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.
It is all about knowing what to do, and of course it’s really going to take you time to understand what cryptocurrency trading is all about and how it works, and also how you should go about it , so that you will be making good enough profit. There are lots of traders around the world today who don’t have any other job apart from being day traders, and they are living fine and paying their bills and taking care of their families without any problem period, so anyone can as well do that, and all it takes is having proper knowledge and being hard working.
You have to understand that as a trader seeking knowledge continues at all times, you shouldn’t stop seeking for knowledge and knowing new things that are coming into the market. It’s going to really help you develop your skills.
You have to understand that as a trader seeking knowledge continues at all times, you shouldn’t stop seeking for knowledge and knowing new things that are coming into the market. It’s going to really help you develop your skills.
Making money in day trading is easy but it has more risks as compared to the long term holding. As day trading requires more time and it requires constant concentration, so you should have to analyze the coins really well before buying the coin as there will be more loss in day trading when the price dumps as compared to long term holding.
Making money in day trading isn't easy. One cannot easily predict the price movements same as that of the stock market. Here no one knows how the market changes were happening. Even the experts fail in providing precise data about the market movements. One should have basic learning about trading and also the mind to learn continuously observing the market which will increase the chance of making money through trading.Of course, we can make some good profit from trading but we never think that it happens all the time we do trading. No, that unless we are a lucky person or that we know the market so well and even see what will happen next. But as long as we don't know yet and the market volatility remains, that means really impossible.
I think it all depends on your level and knowledge in the field of trading. In general, it is quite possible to earn by trading bitcoins.
I guess making a profit by day trading Bitcoin depends on many factors, one of those factors is the level of knowledge in that field! But just knowing is not enough, you need to have good timing, you need to have good analytic skills, capital for trading is also very important (asset allocation), risk management... and I believe luck is one of the factors as well, to simply be online and in the right place in the right time!
In crypto, anything is possible, so people should try it and discover by themselves is day trading for them or not!
Making money in day trading is easy but it has more risks as compared to the long term holding. As day trading requires more time and it requires constant concentration, so you should have to analyze the coins really well before buying the coin as there will be more loss in day trading when the price dumps as compared to long term holding.
Making money in day trading isn't easy. One cannot easily predict the price movements same as that of the stock market. Here no one knows how the market changes were happening. Even the experts fail in providing precise data about the market movements. One should have basic learning about trading and also the mind to learn continuously observing the market which will increase the chance of making money through trading. 
Spot trading is very common to most traders as it was not hard to understand and is less risky. Aside from knowing TA, it matters most in choosing the right coins for trade. We can make money in trading but that also depends on us and we always remember that is not because the others are making a huge profit in trading it will also happen to us. No, we could just think that they work it hard before it achieves and if we do, that gonna be possible.
We can still hold coins in Spot market.
Beside TA, Fundamental of the project is also important in order to minimoze the risk of being dead coins
We must be smarter enough to choose which coins to trade in Spot.
Well, just keep learning even by doing always
It is possible to make money in trading we called this short trading we make a stop loss and take profit immediately without having any kind of hesitation this requires a strong knowledge, emotion and understanding of the trading plan we need to stick with. Day trading must need to keep aware of the trading with the trading fundamentals such as the technical analysis, indicators and market graph this is the most important part to make a trade.
It is kind of basic human psychology that copying others success will be an easiest method to enjoy quick success in any career. But, unfortunately trading is not that kind of career because here success or being profitable will be only possible when we are developing good skills in technical analysis. This is the reason crypto trading is not recommended for everyone, precisely day trading of crypto markets.
At the same time, only active trading is not recommended in crypto market but long term based swing trading might be possible for anyone because it does not require high end training skills.
When you are going for holding way of trading then you never need any kind of technical skills to make profits in crypto market. This must be one of the unique characteristic/benefit you could enjoy only in crypto market.At the same time, only active trading is not recommended in crypto market but long term based swing trading might be possible for anyone because it does not require high end training skills.
I always recommend to go for adopting cryptocurrencies but not just for day trading or any kind of other active trading but only for long term holding. Long term holding nothing short of all the benefits, one trader could enjoy with day trading in any other market; probably its only drawback it is including lots of waiting time but benefits are higher than any other trading method.
Making money in day trading is easy but it has more risks as compared to the long term holding. As day trading requires more time and it requires constant concentration, so you should have to analyze the coins really well before buying the coin as there will be more loss in day trading when the price dumps as compared to long term holding.
We can make money in trading but that also depends on us and we always remember that is not because the others are making a huge profit in trading it will also happen to us. No, we could just think that they work it hard before it achieves and if we do, that gonna be possible.
It is kind of basic human psychology that copying others success will be an easiest method to enjoy quick success in any career. But, unfortunately trading is not that kind of career because here success or being profitable will be only possible when we are developing good skills in technical analysis. This is the reason crypto trading is not recommended for everyone, precisely day trading of crypto markets.At the same time, only active trading is not recommended in crypto market but long term based swing trading might be possible for anyone because it does not require high end training skills.
One more thing is that crypto market is highly volatile there is no way to predict its future unlike Forex and equity. Trading tools like FA/TA are a good help but even they fail at times in un predictve crypto market. I personally don't like day trading because of such factors, I have lost huge money doing different experiment in trading but my final conclusion is that earn less with HODL but dont do day trade.
We can make money in trading but that also depends on us and we always remember that is not because the others are making a huge profit in trading it will also happen to us. No, we could just think that they work it hard before it achieves and if we do, that gonna be possible.
It is kind of basic human psychology that copying others success will be an easiest method to enjoy quick success in any career. But, unfortunately trading is not that kind of career because here success or being profitable will be only possible when we are developing good skills in technical analysis. This is the reason crypto trading is not recommended for everyone, precisely day trading of crypto markets.At the same time, only active trading is not recommended in crypto market but long term based swing trading might be possible for anyone because it does not require high end training skills.
Day trading requires more skills, including reading charts, analyzing, timely selling and setting stop losses because their targets are short even if the percentage in profit is small.
We can make money in trading but that also depends on us and we always remember that is not because the others are making a huge profit in trading it will also happen to us. No, we could just think that they work it hard before it achieves and if we do, that gonna be possible.
It is kind of basic human psychology that copying others success will be an easiest method to enjoy quick success in any career. But, unfortunately trading is not that kind of career because here success or being profitable will be only possible when we are developing good skills in technical analysis. This is the reason crypto trading is not recommended for everyone, precisely day trading of crypto markets.At the same time, only active trading is not recommended in crypto market but long term based swing trading might be possible for anyone because it does not require high end training skills.
Sometimes it's not easy making money day trading bitcoin cause the market does not always move everytime. You know how risky the future market is, and you can't depend on it cause you might make good profit today and lose all tomorrow. This is how risky the market is. To make money consecutively in the market needs you to be a protrader. Trade with style not emotions
Sometimes we got easy gains from a day but unfortunately because our greedy we forgot to take profit, I agree that we should trade with our skill not our emotions because it will make you in a disadvantage from making a strategy for the next move. It's good if you use your money that you can afford to lose to prevent any emotions burst
Yeah, We can able to make money in day trading bitcoin, only if you have a large of holding of Bitcoin, but if you have small amount of bitcoin the profit as well for sure is small in the end. So, if you like Big profit you supposed to have a big holdings of Bitcoin as well in your wallet whatever exchange you like to use.
That's already given if you have small capital, you will gain small profits too but the risk is less here because you have low capital.So for me, even how much your trading capital is as long as you are consistent, even you have slow profits, you will still able to earn profits. It's good for me because you are learning and once you already have some experience, you can add or increase your capital later.
I started to make a trade at $100, it was a good amount to start while learning. But for the others, it was very small. I know that capital really matters in trading, if we know ourselves that we can do more in trading then we could refill our capital also. Might be an option but we also have thought the risk is high and the possibility that we might lose them all especially when are too careless and have no knowledge about trading.
Sometimes it's not easy making money day trading bitcoin cause the market does not always move everytime. You know how risky the future market is, and you can't depend on it cause you might make good profit today and lose all tomorrow. This is how risky the market is. To make money consecutively in the market needs you to be a protrader. Trade with style not emotions
Exactly we can do it as long as we know how to do it.
Daily trade is a high risk. If we can do some TA and akso always update the news, we may be able to do and get some profits.
It will depend on what kind of trading, mostly it is aboutfuture trading, but that is too risky for moreocernewbies.
Just do what you know. You can also do dai trade in the Spot market.
Remember, don't panic if the price fall down.
Don't be too greedy also
in daily trading of course we do technical analysis first, and take into account the risks and rewards, after that of course we can use stop losses to control our finances if our analysis does not go well. that way we can monitor the progress of our analysis from day to day Daily trade is a high risk. If we can do some TA and akso always update the news, we may be able to do and get some profits.
It will depend on what kind of trading, mostly it is aboutfuture trading, but that is too risky for moreocernewbies.
Just do what you know. You can also do dai trade in the Spot market.
Remember, don't panic if the price fall down.
Don't be too greedy also
Exactly we can do it as long as we know how to do it.
Daily trade is a high risk. If we can do some TA and akso always update the news, we may be able to do and get some profits.
It will depend on what kind of trading, mostly it is aboutfuture trading, but that is too risky for moreocernewbies.
Just do what you know. You can also do dai trade in the Spot market.
Remember, don't panic if the price fall down.
Don't be too greedy also
Spot trading is very common to most traders as it was not hard to understand and is less risky. Aside from knowing TA, it matters most in choosing the right coins for trade. We can make money in trading but that also depends on us and we always remember that is not because the others are making a huge profit in trading it will also happen to us. No, we could just think that they work it hard before it achieves and if we do, that gonna be possible. Daily trade is a high risk. If we can do some TA and akso always update the news, we may be able to do and get some profits.
It will depend on what kind of trading, mostly it is aboutfuture trading, but that is too risky for moreocernewbies.
Just do what you know. You can also do dai trade in the Spot market.
Remember, don't panic if the price fall down.
Don't be too greedy also
Exactly we can do it as long as we know how to do it.
Daily trade is a high risk. If we can do some TA and akso always update the news, we may be able to do and get some profits.
It will depend on what kind of trading, mostly it is aboutfuture trading, but that is too risky for moreocernewbies.
Just do what you know. You can also do dai trade in the Spot market.
Remember, don't panic if the price fall down.
Don't be too greedy also
Daily trade is a high risk. If we can do some TA and akso always update the news, we may be able to do and get some profits.
It will depend on what kind of trading, mostly it is aboutfuture trading, but that is too risky for moreocernewbies.
Just do what you know. You can also do dai trade in the Spot market.
Remember, don't panic if the price fall down.
Don't be too greedy also
Bitcoin is the same cryptocurrency as many others, so it is quite possible to make money.
Not really the same as other crypto coins. We all know that Bitcoin has an expensive price, needs a lot of money to earn daily profits by trading Bitcoin. That's why many people prefer to choose altcoins with cheap prices for daily trading. Altcoins have bigger volatility in prices, the price can move significantly only in a day. So, people can have a bigger chance to take enough profits by trading altcoins. Especially those cheap altcoins.
Yeah, We can able to make money in day trading bitcoin, only if you have a large of holding of Bitcoin, but if you have small amount of bitcoin the profit as well for sure is small in the end. So, if you like Big profit you supposed to have a big holdings of Bitcoin as well in your wallet whatever exchange you like to use.
That's already given if you have small capital, you will gain small profits too but the risk is less here because you have low capital.So for me, even how much your trading capital is as long as you are consistent, even you have slow profits, you will still able to earn profits. It's good for me because you are learning and once you already have some experience, you can add or increase your capital later.
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