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Topic: Day trading and heavy manipulation - page 2. (Read 1849 times)

member
Activity: 378
Merit: 10
“The Premier Digital Asset Management Ecosystem”
September 10, 2018, 08:08:31 AM
#85
The market is declining as the day-to-day mining is likely to make a profit, if held for a long time the price of coins continued to fall, I find it not very feasible.
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
September 10, 2018, 07:29:00 AM
#84
Price manipulation always exist on any market, i can see also pump and dump price on stocks market and that mean price manipulation can not be avoid on the any market, although that market regulated. Since the market cap of the asset is low ,will be possible to manipulate it by whales. To avoid more loss in any trading we have to use stop loss and avoid use exchange that not provide this feature.
We could say that manipulation is bad but we can't rid them out since they are parts of crypto development. Crypto investment is just a full of risk and only risk takers might survive in here. We often to say that, those whales are taking advantage over other as they capabilities to do so.
full member
Activity: 504
Merit: 102
September 10, 2018, 06:51:25 AM
#83
I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?

It is pretty obvious for what the market is going to do by just watching the daily chart. Maybe your are crucially trading every moment the market does something?
full member
Activity: 644
Merit: 101
September 10, 2018, 05:07:30 AM
#82
Price manipulation always exist on any market, i can see also pump and dump price on stocks market and that mean price manipulation can not be avoid on the any market, although that market regulated. Since the market cap of the asset is low ,will be possible to manipulate it by whales. To avoid more loss in any trading we have to use stop loss and avoid use exchange that not provide this feature.
newbie
Activity: 126
Merit: 0
September 10, 2018, 04:06:56 AM
#81
Day trading is good and was a good source of income for many in times past, technical analysis these day fail often because of those who manipulate the market, it is made worse by exchanges putting up incorrect data to traders.
jr. member
Activity: 126
Merit: 1
September 10, 2018, 04:03:24 AM
#80
Yes indeed. Currently, the market is unpredictable as much as possible. I also think that there are market manipulations so that most traders panicked and sold their coins. In general, trading is the flow of money from the pockets of some players into the pockets of others.
sr. member
Activity: 1330
Merit: 326
September 10, 2018, 03:13:21 AM
#79
Manipulation in the market always exist. But i agree that trading is also considered as a gambling. You make a bet, you win or you lose. It is a game which is highly manipulated by whales. If you are an altcoin trader, indicators are a big help to do a buy low and sell high. Same with a margin and swing trader. But definitely, when whales are already playing, indicators are being useless.
sr. member
Activity: 462
Merit: 515
August 26, 2018, 02:15:05 PM
#78
I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?
The whales and the professionals are the one making money from this market and you have to be able to develop your skills and experience in other to make money from day trading. You cannot just invest into the market without having adequate knowledge one how trading works.

If you understood how the market works you would stay away from day trading entirely. As others have said, it is mostly gambling, and I would like to add that it is gambling with a house edge. In that case, the longer you gamble, the higher are your chances for accumulating losses as you can't take money from the dudes you mentioned, the whales and the professionals. These are either going for sure profits or staying away from the market. Unlike many of us, they don't gamble.

And when they are looking for profits, it means you losing money because their profits are your losses, as simple as that.
hero member
Activity: 3024
Merit: 651
August 26, 2018, 12:32:14 PM
#77
Why do I have that same impression? Grin
It is not a good thing but I do see it like that and it is also the reason I stopped trading bitcoin.

Switched to other coins and made my way into making profits better than doing it with bitcoin.

Maybe you should try it too.
Altcoins have a higher possibility of profit. Why? You can own millions of it and somehow you could be one of the whales for the cheapest price.
full member
Activity: 308
Merit: 101
August 26, 2018, 11:34:26 AM
#76
While there is no logic in day trading, even if there is it changes a lot, also daily fluctuations are prone to heavy manipulation. Therefore most lose money in day trading.
sr. member
Activity: 462
Merit: 515
August 26, 2018, 11:19:43 AM
#75
I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?

It is the same with any market out there, not just with Bitcoin or any other cryptocurrency. In fact, this matter has been discussed many times at great length already and not just here, at bitcointalk. Most financial markets are typically a zero-sum game and given that there are always entities and individuals who can milk the market in some way, for example, through arbitrage or insider info, your only chance of success is pure luck. In plain terms, that means you are gambling most of the time. Or did you really think of yourself as some exceptional trader who could easily outperform the rest of the pack?

As the saying goes, whatever you try to do has already been tried and it didn't work.
sr. member
Activity: 406
Merit: 250
August 26, 2018, 09:25:59 AM
#74
Every market is manipulated in one way or another, you just have to take advantage of the manipulation lol.
hero member
Activity: 2828
Merit: 518
August 26, 2018, 09:24:21 AM
#73
I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?
The whales and the professionals are the one making money from this market and you have to be able to develop your skills and experience in other to make money from day trading. You cannot just invest into the market without having adequate knowledge one how trading works.
Market manipulation isn't new to us,  in fact it is exist since from the start and it is getting showy now as a lot of people trying to do so. We cant stop them  actually and only we can do is to keep safe from doing trades in front of them.
hero member
Activity: 2814
Merit: 618
Leading Crypto Sports Betting & Casino Platform
August 26, 2018, 05:35:59 AM
#73
Not doing a predictions. Just to have a bet on the more real  result. If you will be control your risks than later you will be have a income. The better to doing technical analysis on the crypto- currency market because  very a lot false news in this system.

The bad and strange thing is that crypto currency moves with the news and even the false news has a big impact on the price of bitcoins and altcoins. That's the reason why Technical analysis and fundamental analysis fails most of the time and bitcoin moves in opposite direction mostly depended on news.

Day trading is good if crypto follows the TA but actually there is a lot of manipulation in the market with Fud and hence most of the time it is difficult to make profit from day trading.
sr. member
Activity: 882
Merit: 269
August 26, 2018, 04:48:30 AM
#72
I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?
The whales and the professionals are the one making money from this market and you have to be able to develop your skills and experience in other to make money from day trading. You cannot just invest into the market without having adequate knowledge one how trading works.
copper member
Activity: 269
Merit: 0
August 26, 2018, 04:10:30 AM
#71
Not doing a predictions. Just to have a bet on the more real  result. If you will be control your risks than later you will be have a income. The better to doing technical analysis on the crypto- currency market because  very a lot false news in this system.
Even doing technical analysis can't offset the manipulation done by the whales. Whatever direction they want bitcoin will go it will be done. That is why doing day trading in my own opinion is not profitable anymore and it would be like gambling that really dependent on luck.
hero member
Activity: 868
Merit: 500
August 26, 2018, 03:52:59 AM
#70
I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?
Of course every day we are confronted with manipulations, strong market movement, rumors and scam projects. But trader have to make right decision according to technical and fundamental analysis. Successful day trading requires a lot of time, concentration, and most importantly constant learning. You have to explore many news and rumors every day. So if you learn to identify uptrend and beginning of downtrend you will earn more money than lose.
hero member
Activity: 826
Merit: 518
August 26, 2018, 03:03:08 AM
#69
The day trading can be profitable if we only understand the logic behind the price movements of bitcoin and it is hard to predict the moments for now since the prices were going stable at the moment but normally it will be swingy.And as you said in the long term you will made nothing by giving this much effort to the day trading o you need to be a holder if you want profits in long term.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
August 26, 2018, 02:20:13 AM
#68
I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?
Yes buddy that is exactly what I am thinking for a few months now but could really do nothing about it. Trading is not trading but gambling in crypto now. No analysis could make us prediction the price . The only factor that most of the times derive the price fluctuations is news. News related to crypto derives the price all over the world since peopl react to it. Most of the times it results in a panic sell.
legendary
Activity: 1526
Merit: 1179
August 25, 2018, 06:46:55 PM
#67
When I quit day trading and started with mid and long term trading thats the moment when I started to make serious money.
That's because day trading is somewhat similar to gambling. In most cases traders don't even care what coin they day trade as long as it is volatile. It's too stressing and not really worth the time in my opinion.

It's not for nothing that the amount of bots has been increasing throughout the years. Instead of people wasting their time staring at tickers all day, they have their bot doing all the work for them.

The thing with trading in general is that most people don't feel comfortable doing so during a bear market, especially with how manipulation through derivative platforms as BitMEX is another factor to closely monitor.

I have taken enough distance from trading just because of that. It makes no sense for me to expose myself to these risks. Being a hodler is way easier and pretty much risk free.
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