Can you make money day trading Bitcoin? - page 6.

michellee

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Quote from: Chato1977 on November 25, 2021, 08:13:14 PM

Am not sure if Bitcoin is still profitable for Day Trading , yet altcoin is what we need to use in able to make money in trading.

Fast moving coin is what we need for daily use as tools in trading , while bitcoin is only good for long term or Holding .

Only people who have skills in analyzing can have profitable from daily trading but that needs more learning about determining when we should buy and sell because, in this situation, it is really difficult to predict what will happen to bitcoin. Maybe the price can go down at this moment but in the next minute, the price can jump higher and give us a chance to make a profit.

I agree that bitcoin is good for the long term by holding it and not having to trade it if we do not know what or when to trade. If they want to use daily trading to make money, they really need to be careful because the market now has high volatility compared to the previous years.

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I'm sure there are many traders who can make money from day trading, it's just that those who are able to do that have consistency in all their trading activities, but that doesn't mean they do it every day there is a time in one week they take a break. I'm sure traders who can make money from day trading they have been through a long time before finally being able to do that.

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Quote from: Chato1977 on November 25, 2021, 08:13:14 PM

Am not sure if Bitcoin is still profitable for Day Trading , yet altcoin is what we need to use in able to make money in trading.

Fast moving coin is what we need for daily use as tools in trading , while bitcoin is only good for long term or Holding .

Yes this is pretty much true. Nobody got rich in 2021 from buying Bitcoin. People got rich by trading low to mid cap alt coins, flipping NFTs, trading Defi , getting airdrops from Defi platforms , and some made goods gains leverage trading also.

But buying Bitcoin earlier in the year at $30K and now being worth barely double, isn’t impressive since many stocks performed better.

Chato1977

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Am not sure if Bitcoin is still profitable for Day Trading , yet altcoin is what we need to use in able to make money in trading.

Fast moving coin is what we need for daily use as tools in trading , while bitcoin is only good for long term or Holding .

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Quote from: crzy on November 25, 2021, 04:53:34 PM

Quote from: Cadaver20 on November 23, 2021, 03:35:27 PM

Of course profit can be earned through day trading. It will be clear if you observe the market closely. The price of Bitcoin fluctuates all the time. If you can buy bitcoin from lower margin then you will definitely get profit. And when there is a correction in the market, buying bitcoin will be more profitable.

There’s no guarantee on this and will still depend on your skills to trade since the market will not be in favor to you always. Bitcoin moves slower compare to other altcoins because it is already a big coin so if you want to be more profitable in day trading, include atcoins on your option as well.

Well for me --bitcoin is not meant to use in trading, altcoin should be on trading because it always fluctuates and is good for short-term earning while bitcoin is good as a long-term investment that is safe. However, altcoins are too risky to hold because they could become shitcoin in the next day, there should be proper research before making such a decision, or else, don't aim toon much profit with a high risk. Just hold your bitcoin for a long time with a less stressful. Day trading doe not have an effective assurance that you will surely earn profit by the next day.

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Quote from: crzy on November 25, 2021, 04:53:34 PM

Quote from: Cadaver20 on November 23, 2021, 03:35:27 PM

Of course profit can be earned through day trading. It will be clear if you observe the market closely. The price of Bitcoin fluctuates all the time. If you can buy bitcoin from lower margin then you will definitely get profit. And when there is a correction in the market, buying bitcoin will be more profitable.

There’s no guarantee on this and will still depend on your skills to trade since the market will not be in favor to you always. Bitcoin moves slower compare to other altcoins because it is already a big coin so if you want to be more profitable in day trading, include atcoins on your option as well.

Everything would vary with your skills and experience.
Trading could be possibly on ways.

1. Daytrade/Active
2. Swing
3. Long term

You could make money out of these trading ways but of course it would really differ on the duration.
You could get engage but you should really be wise and smart on when to get out to secure profits.

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Quote from: Cadaver20 on November 23, 2021, 03:35:27 PM

Of course profit can be earned through day trading. It will be clear if you observe the market closely. The price of Bitcoin fluctuates all the time. If you can buy bitcoin from lower margin then you will definitely get profit. And when there is a correction in the market, buying bitcoin will be more profitable.

There’s no guarantee on this and will still depend on your skills to trade since the market will not be in favor to you always. Bitcoin moves slower compare to other altcoins because it is already a big coin so if you want to be more profitable in day trading, include atcoins on your option as well.

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Quote from: Mamun74 on November 24, 2021, 01:01:17 PM

Yeah,its possible to make money by trading Bitcoin.

We've been doing that since before the craze of any trend came.

Quote from: Mamun74 on November 24, 2021, 01:01:17 PM

I think, good profit ce be earned in day trading. Long term and short term trading in different purpose. But I'm personally interested in long term trading. I think skillful traders makes money in day trading. Bitcoin is a good opportunity to source to make money in trading.

Day trading is short term and you have to be adaptable with different market trends because they're changing from time to time. And to say that you can make good money from doing it. Make sure that you're really a day trader because if you just shifted in doing that after hearing from someone they've made a lot from it, you're just buying the hype and trying to go across the border with words you've heard.

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Quote from: Wapfika on November 23, 2021, 11:26:25 AM

Day trading is profitable but it should be done with different set of coins everyday. It’s way better doing in altcoins than doing it with bitcoin unless there is something jew with bitcoin within that day like a new news or someone hyping it. But with bitcoin status now having it day trade can not give much impact due to it’s price already. It can be day trade but there should be other coins too to day trade to make profit.

This type of day trading is indeed a recommendation for those who want to make a quick profit. But it should also be noted, day trading requires a large capital to get big profits. If the capital used is still very minimal, then the profits will be even less. Daily trading in bitcoin can also be profitable, or trading in some of the altcoins that are starting to hype. and stay away from altcoins that are undergoing FOMO, because that would be a trap. Many altcoins to choose from with high fluctuations. Taking advantage of every fluctuation will give you a lot of advantages.

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Yeah,its possible to make money by trading Bitcoin. I think, good profit ce be earned in day trading. Long term and short term trading in different purpose. But I'm personally interested in long term trading. I think skillful traders makes money in day trading. Bitcoin is a good opportunity to source to make money in trading.

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I get that some people could be afraid of doing something like this, and I get it, I would be afraid of it as well if I didn't do it before. However trading is not something scary and if you have money that you could spare then you could learn how to do it over time as well. You are not going to be suddenly rich, you are not going to be making tens of thousands of dollars profit every month, it will take time to be good.

However that doesn't change the fact that we could make a profit with trading, it may take time but it will get there. I know many people who sustain their life by trading, they became so rich that their wallet is already good enough to live for years before they need money again, hence they trade with a lot more ease and can wait for their coin to go up. This is how you get richer, you have patience and can wait, if you can do that then you could profit.

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Quote from: Ararbermas on November 23, 2021, 12:59:10 AM

Day trading with bitcoin isn't profitable for me in my personal opinion, because it didn't make so much hype unlike other crypto such new projects because the way they pump in just a minute you can obtain 5x or more.. But when it comes bitcoin probably 5% or 10% is higher enough for day trade.not the same with new projects or let say alts 100% is possible based on my experience as well. So it's only good for long term i guess,

Day trading is profitable but it should be done with different set of coins everyday. It’s way better doing in altcoins than doing it with bitcoin unless there is something jew with bitcoin within that day like a new news or someone hyping it. But with bitcoin status now having it day trade can not give much impact due to it’s price already. It can be day trade but there should be other coins too to day trade to make profit.

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Of course profit can be earned through day trading. It will be clear if you observe the market closely. The price of Bitcoin fluctuates all the time. If you can buy bitcoin from lower margin then you will definitely get profit. And when there is a correction in the market, buying bitcoin will be more profitable.

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Quote from: carrigan on November 23, 2021, 08:02:02 AM

Of course we can earn money from day trading. Moreover, the money that will be obtained also does not have to wait long because the method applied is day trading, where you will trade every day and it does not rule out the possibility that you will get a profit. Compared to you doing long term trading which takes a long time to get money or profit. Especially if you often have a sudden need for day trading, this is right for you.

Both long-term trading and short-term trading have different pros and cons and it has the same goal to earn profit. However, this will vary to the trader which prefers to choose and which best suits and didn't conflict with other activities.

Day trading is very risky and crucial in making money, there's no guarantee that you will make it in just a day. The pros of day trading are the fastest means of making money but the cons are, you will become stressed with the volatile market. Not like long-term trading needs in-depth knowledge so that you can minimize the risk. For that individual trader who wanted to gamble in a new project and trading, it seems willing to take the high risk and willing to have an amount that can afford to lose.

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Quote from: Ararbermas on November 23, 2021, 12:59:10 AM

Day trading with bitcoin isn't profitable for me in my personal opinion, because it didn't make so much hype unlike other crypto such new projects because the way they pump in just a minute you can obtain 5x or more.. But when it comes bitcoin probably 5% or 10% is higher enough for day trade.not the same with new projects or let say alts 100% is possible based on my experience as well. So it's only good for long term i guess,

Less hype but when it comes to the hype, the price of bitcoin is enough to touch skyscrapers, besides, right when compared to new projects, bitcoin is the contract that guarantees investors' money more profitable. Although bitcoin is not viable for doubling in minutes, it is normal to increase several hundred dollars to several thousand dollars, as a day trader, we can be completely satisfied with this profit but the prerequisite is the level of capital to maintain this profit, leverage is also a direct way to increase capital, but it also indirectly becomes a money burning trap

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Quote from: trickys on November 20, 2021, 10:55:04 AM

Taking into account that most of the traders lose... over 80% of them, I wonder how much money you expect to make.
Trading is not some dream world where you grow money on trees, it's hard work.

Is there some statistics you are refering to? As for me, the success of each trader is individual, especially at different periods of time and depending on the amount of the deposit allocated for trading. Therefore, it is hardly correct to say that traders lose 80% of the deposit.

Quote from: trickys on November 20, 2021, 10:55:04 AM

Crypto is over-hyped now, so when the s...t hits the fan, there'll be lots of losers.

Maybe, but what does this have to do with trading? Skillful traders make money on growing and falling markets, and on flat. This is one of the reasons why some people prefer short-term trading rather than long-term investments, since with the first option there is an opportunity to earn money, taking into account more market fluctuations.

carrigan

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Of course we can earn money from day trading. Moreover, the money that will be obtained also does not have to wait long because the method applied is day trading, where you will trade every day and it does not rule out the possibility that you will get a profit. Compared to you doing long term trading which takes a long time to get money or profit. Especially if you often have a sudden need for day trading, this is right for you.

Ararbermas

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Day trading with bitcoin isn't profitable for me in my personal opinion, because it didn't make so much hype unlike other crypto such new projects because the way they pump in just a minute you can obtain 5x or more.. But when it comes bitcoin probably 5% or 10% is higher enough for day trade.not the same with new projects or let say alts 100% is possible based on my experience as well. So it's only good for long term i guess,

trickys

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Taking into account that most of the traders lose... over 80% of them, I wonder how much money you expect to make.
Trading is not some dream world where you grow money on trees, it's hard work.

Crypto is over-hyped now, so when the s...t hits the fan, there'll be lots of losers.

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Quote from: Mpamaegbu on September 08, 2021, 10:55:15 AM

The content of your post is one that seeks to educate rather than seek to be taught. It's declarative. It shows you already know the path you're toeing.

He doesn't know anything. And the only path he chose is the path of plagiarism. This post, like all of its others, contains blunt copy-paste. Fortunately, this idiot was discovered in time, and soon we will see his account banned. In the meantime, you can be convinced of his plagiarism. https://paxful.com/blog/what-is-cryptocurrency-day-trading/

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