Day trading - page 7. | Bitcointalksearch.org

gribble

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Quote from: machinek20 on March 10, 2017, 09:54:11 AM

To make profit in alt coin is a bit difficult and need a lot of patience, and sometimes it can be more than a week before the price moved, actually it is more profitable to do day trading, but sometimes alt coin movement is not that fast

Yes agree, fluctuation of altcoins price is slow be compared with stocks markets,
in my opinions strategy day trading is suitable used on trading stocks than trading altcoins
because marketcap of stocks in the world more much than marketcap altcoins or bitcoin.

Inkdatar

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For me the best good for me is day trading which is profitable than long term trading. In this regard, day trading is profitable as long you know the movement of the altcoin you choose to trade with. While in the long term trading, I can say that the coin you invest with might dumped in the long run. Thus, need to be wise enough, determination on the daily trading or long term.

Data32

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I personally think that daytrading can be very frustrating because statistics show that more than 50 % of your trades will go in the wrong direction. What I prefer is social trading because it is a really great way to make profit by just "copying" the trades of an experienced user. This way you don't need advanced knowledge nor do you need to gamble when you're unsure if your trade is correct. Also it's available for altcoins too.
Of course social trading is more of a longer term trading than daytrading but believe me it is much safer.

Monnt

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Quote from: fanbeila on March 16, 2017, 02:02:53 AM

Quote from: Dimelord on March 09, 2017, 07:24:06 AM

In altcoin trading,is day trading profitable or trading on a long term basis?

Since altcoin market is highly volatile and price of altcoins goes up and down in short intervals,day trading would give more profits than long term trading.In the long run,most coins would be dead.So,its almost advisable to do day trading in altcoin market.

When there is the more possibility of profit there will be same amount of possibilities for losses to occur. In altcoin market losses are happening more common because we cannot expect when inside people start dumping. In my experience day trading must be avoided for altcoin markets.

Day trading will be profitable only for well established trading instruments like bitcoin and few select altcoins.

fanbeila

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Quote from: Dimelord on March 09, 2017, 07:24:06 AM

In altcoin trading,is day trading profitable or trading on a long term basis?

Since altcoin market is highly volatile and price of altcoins goes up and down in short intervals,day trading would give more profits than long term trading.In the long run,most coins would be dead.So,its almost advisable to do day trading in altcoin market.

aardvark15

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Quote from: Dimelord on March 09, 2017, 07:24:06 AM

In altcoin trading,is day trading profitable or trading on a long term basis?

It looks like some of the major altcoins could be good long term investments like ETH,DASH, etc. I don't trust the many minor altcoins out there. Some seem to drop and just fade away to nothing. You don't want to get stuck holding the bag on those for long term.

JeffBrad12

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Quote from: catfishftw on March 15, 2017, 12:25:32 PM

Quote from: Dimelord on March 09, 2017, 07:24:06 AM

In altcoin trading,is day trading profitable or trading on a long term basis?

It depends on your experience and study if you are well trader then yes it is gonna be very profitable

You're wrong, the important factor to support the day trade is in the volatility, because without volatility to do a day trade looks impossible, do you want to try to get in on the bearish and bullish trend and do your daily trade?

batang_bitcoin

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Since I'm not a day trader and I know how much time you need to accumulate for it. I will prefer to do with long term trading, it's much more easier and you just need to be patient before selling your trades. Though the profit will just come once but after selling and earning, you can just do it again by doing the same procedure.

BTCmax24

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I have enough altcoins for long term trade and I am planning to sell that coin after 2-3 yrs. Im doing day trade also and I observed that day trading is good most specially to altcoins with huge volumes, always choose the top altcoins while doing trade base on my experience.

LittleBitFunny

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Quote from: Dimelord on March 09, 2017, 07:24:06 AM

In altcoin trading,is day trading profitable or trading on a long term basis?

Day trading with altcoins is very profitable and there are several bots which help you to do that - but obviously you can't rely on them and you need to use your own intelligence if you want to make a decent profit.

All altcoins are volatile due to their dependency on the market and lack of common usage - traders are always worried about what the value of the altcoins will be so they change all the time. Unfortunately, this means that a lot of the time the coins just collapse and never go up again - this is why day trading is profitable. For all you know (unless you're trading with a really stable coin), the coin could just collapse and if you're not taking a close enough eye on its price then it will collapse and long term trading will not work.

catfishftw

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Quote from: Dimelord on March 09, 2017, 07:24:06 AM

In altcoin trading,is day trading profitable or trading on a long term basis?

It depends on your experience and study if you are well trader then yes it is gonna be very profitable

shintosai

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Quote from: jossiel on March 15, 2017, 12:55:28 AM

Quote from: Dimelord on March 09, 2017, 07:24:06 AM

In altcoin trading,is day trading profitable or trading on a long term basis?

I guess they are the same in profit but if you wanted to get more profit go with long term. It's proven by many of us that trading for a long term is much reliable.

Unlike in day trading, the possible profit is low and there are times that instead of earning, you will probably losing.

I prefer and suggest that long term trading is better in trading alt coins or even bitcoin.

just needed to select coins that have good progress so even you will hold them for long term you will find them much profitable
if you seen those coins which moving so good right now most of them already been created for past year or two good for those
who believes and continue holding its very profitable now.

deisik

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Quote from: JeffBrad12 on March 14, 2017, 08:44:33 PM

Quote from: iram3130 on March 12, 2017, 04:10:00 AM

Quote from: Hanako on March 12, 2017, 12:05:36 AM

Quote from: pinkpanther03 on March 11, 2017, 11:44:25 PM

Quote from: Dimelord on March 09, 2017, 07:24:06 AM

In altcoin trading,is day trading profitable or trading on a long term basis?

Well, in my opinion day trading was really profitable, compare to trading on a long term, because you can roll/grow your capital in a fastest way, and once the screen monitor react, the traders will also react on it. While on a long term basis, it is good also but you don't know when will it be done to reach the price you set on it. Just make sure the altcoin which you are going to trade will give you benefit and potentials

For me day trading is profitable like what you said pinkpanther03, becauce it can grow your capital everyday and higher your profit in a day althrough i think longterm also is profitbale but we need time and patience to reach out the we wanted to reach!!!!

I would suggest you to do day trade only if you have some knowledge and experience about it, especially when it comes to altcoins because it's mainly based on the developers.
Start with small amount and slowly increase the base. It will be profitable.

The day trade depends on the volatility of the market, and you can't do anything with your knowledge and experience if the market movement always on the bullish trend or bearish trend. And it's the main key to get into the daily trade

In that case it is easy money

You just buy (or sell, for that matter) a certain amount, then wait till the price moves to the target you have set and close your position fixing profits. Day trading doesn't mean that you should necessarily be trading every other minute, no matter what. After all, you are there for profits, not for the sake of trading as such (though there are certain people who may need just that). And if you see that you can earn more profits by simple holding, you would go for it since it is a simpler task overall. You just make use of what is more profitable at the moment

nasipadang

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Quote from: Dimelord on March 09, 2017, 07:24:06 AM

In altcoin trading,is day trading profitable or trading on a long term basis?

altcoin trading more profitable short-term "days" if the long term is likely to be a loss or the value of altcoin may decline even so not worth and scam

Vaskiy

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Quote from: ~Bitcoin~ on March 15, 2017, 01:19:11 AM

Quote from: Dimelord on March 09, 2017, 07:24:06 AM

In altcoin trading,is day trading profitable or trading on a long term basis?

Altcoins are good to play and bitcoin is good to hold for long term. So if you want to make some money with altcoin trading than focus on day trading and don't hold any alt for long time because price of alts is more volatile than bitcoin.

Price volatility is the major problem with altcoins, but these days after a sudden growth the price is found to be quite stable. When day trading is focused surely can make a regular earning as the price variation is happening at specific time interval.

~Bitcoin~

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Quote from: Dimelord on March 09, 2017, 07:24:06 AM

In altcoin trading,is day trading profitable or trading on a long term basis?

Altcoins are good to play and bitcoin is good to hold for long term. So if you want to make some money with altcoin trading than focus on day trading and don't hold any alt for long time because price of alts is more volatile than bitcoin.

jossiel

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Quote from: Dimelord on March 09, 2017, 07:24:06 AM

In altcoin trading,is day trading profitable or trading on a long term basis?

I guess they are the same in profit but if you wanted to get more profit go with long term. It's proven by many of us that trading for a long term is much reliable.

Unlike in day trading, the possible profit is low and there are times that instead of earning, you will probably losing.

I prefer and suggest that long term trading is better in trading alt coins or even bitcoin.

JeffBrad12

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Quote from: iram3130 on March 12, 2017, 04:10:00 AM

Quote from: Hanako on March 12, 2017, 12:05:36 AM

Quote from: pinkpanther03 on March 11, 2017, 11:44:25 PM

Quote from: Dimelord on March 09, 2017, 07:24:06 AM

In altcoin trading,is day trading profitable or trading on a long term basis?

Well, in my opinion day trading was really profitable, compare to trading on a long term, because you can roll/grow your capital in a fastest way, and once the screen monitor react, the traders will also react on it. While on a long term basis, it is good also but you don't know when will it be done to reach the price you set on it. Just make sure the altcoin which you are going to trade will give you benefit and potentials

For me day trading is profitable like what you said pinkpanther03, becauce it can grow your capital everyday and higher your profit in a day althrough i think longterm also is profitbale but we need time and patience to reach out the we wanted to reach!!!!

I would suggest you to do day trade only if you have some knowledge and experience about it, especially when it comes to altcoins because it's mainly based on the developers.
Start with small amount and slowly increase the base. It will be profitable.

The day trade depends on the volatility of the market, and you can't do anything with your knowledge and experience if the market movement always on the bullish trend or bearish trend. And it's the main key to get into the daily trade.

Sled

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If we base now, Long term basis is good for altcoin trading because most of the altcoins now are cheap because they are inversely proportional to bitcoin then it is self explanatory why altcoin are cheap because bitcoin price is high. If you have bitcoin or money then you should invest in altcoin trading because their price will pump again if the bitcoin price will go down a little bit.

Gameroid

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Quote from: BitcoinPC on March 13, 2017, 08:22:59 AM

Very good question about trading, mostly newbie in trading, they want to ask about it.
For me, Altcoin trading is better for day wise, it will be more profitable if you do day wise trading. But it will be trade in long term, but not in every coins you do trade in long term profitable. So in my thinking, Altcoin trading, is more useful or profitable in short term.

yes there is no doubt about that trading alt coin is the best way of making money, if a person have some experience in trading alt coin then he can make unlimited money from raiding alt coins.

Topic: Day trading - page 7. (Read 11316 times)