Day Trading Crypto- Currencies Is Dead...

jcojci

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Quote from: Golftech on November 19, 2016, 01:36:10 AM

Perfect timing thats the key word alt coin still profitable even btc is really jumping high as we knew that after btc got a comfortable price it will stay and the next thing will happeb alt will start to regain back so with perfect timing where to place buy and sell order is very important.

i am sure for this but we need to waiting for this because we don't know when the price of bitcoin will be stable and then we can trading with altcoin. the price of altcoin is down into bottom and we don't know is going down again or will be up and follow the bitcoin price.

Golftech

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Perfect timing thats the key word alt coin still profitable even btc is really jumping high as we knew that after btc got a comfortable price it will stay and the next thing will happeb alt will start to regain back so with perfect timing where to place buy and sell order is very important.

mace15

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Trading requires a lot of effort, patience and right timing of when to
trade a certain altcoins. For me Ive give much effort, patience and
also decision making in buying/selling a particula coins. There is
no need stay at home 24/7 to be able to trade, by staying alert
is enough.

pooya87

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Quote from: Mzie on November 10, 2016, 03:24:52 AM

I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?

Research and familiarizing with current trends is the key that most lack and this is why they cannot spot investment opportunities like major shifts in the market of a particular coin. Although some spot major shifts, chasing the bull has seen many losing money.

Sometimes the best trade is a No Trade. Roll Eyes

you don't have to stay on your computer 24/7 to be able to trade and make profit but you have to stay alert of the market and its movement if you don't want to miss out.

that is why day-trading is a job not a hobby that you can do alongside other things to make extra money. for that you have to invest long term.

SvenBomvolen

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Every work require sacrifice, and I sit on my work for hours then I come home and I spend hour or two, depending from the obligations at home, reading about bitcoin and earning bitcoin. Traders can earn much more in couple hours then me, so I doubt that crypto trading is dead. I have seen many threads and topics about bitcoin death, litecoin death, and about other coins death. Bitcoin is stronger then ever, litecoin is still here, other coins are here.
Maybe you are bored from one thing, refresh yours self if you can, do something else and then come back and earn some money, good luck.

john2231

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Quote from: Theforextrader on November 16, 2016, 06:19:49 PM

Yes you can make daily profits see my thread

https://bitcointalksearch.org/topic/earn-1000s-plus-a-month-on-forex-trade-copier-join-for-200-one-time-fee-1664883

Upon checking your thread has moderated and methods do you have any proof that you are making a good profit in trading in forex.. honestly trading in forex it needs a large amount of investment.. unlike in other exchange site..
Can you share with us some proof that your methods are working proof that you earn.

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Quote from: paramind22 on November 17, 2016, 03:03:06 PM

Is there any system where I can get a free email alert when an altcoin I own goes up to a certain level?

You could use a watch dog

A watch dog is a price tracking bot which closely follows the trades made on a given exchange and sends or emits a signal that the price has reached a certain level. If you need one, you could ask in the services section and someone could write such a bot for a small fee. I had written a few trading bots myself in my early days for both Bitcoin and fiat exchanges and markets, and I can say that it is not a difficult task if you know the exchange api. All Bitcoin exchanges that I've seen use JSON data format, and their api's are very similar

paramind22

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Is there any system where I can get a free email alert when an altcoin I own goes up to a certain level?

StarofBTC

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Quote from: Indrawan77 on November 16, 2016, 08:12:07 PM

Trading need a lot of patience, even with a lot of patience sometimes the coin also cant give you any profit, if you are trading alt coin maybe you need to be active 24 hours to earn profit because the volatility of alt coin is very unstable, but if you are trading bitcoin with usd then you dont need to be 24 hours, because the price movement is not that fast

But there are few highly established alt coins, we can choose to them for your trading if you are highly concerned about volatility. Moreover no trader will be able to trade all 24 hours. So, choosing bitcoin trading against fiat must be the right choice, otherwise select altcoins which were fairly distributed and hence less chances of sudden dump.

Indrawan77

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Trading need a lot of patience, even with a lot of patience sometimes the coin also cant give you any profit, if you are trading alt coin maybe you need to be active 24 hours to earn profit because the volatility of alt coin is very unstable, but if you are trading bitcoin with usd then you dont need to be 24 hours, because the price movement is not that fast

wxa7115

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Quote from: Dassi on November 10, 2016, 03:56:19 AM

Yeah, trading requires a lot of waiting and waiting for the right time to strike. But that does not mean day trading is dead, simple.

Buy a coin at its "24hr low" price, sell at its "24hr high" price and make some profit.

Anybody can do that.

But how do you know when its the lowest point or the highest in a session? You can’t, if anybody could do it then no one will profit any money from trading if it was that easy.

cakravothy

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today bitcoin price very high incraese
so much people can take profit,
so why you say trading crypto currencies is dead, you trading altcoin and much lost
because ussualy is bitcoin price up, altcoin price can down

Theforextrader

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Yes you can make daily profits see my thread

https://bitcointalksearch.org/topic/earn-1000s-plus-a-month-on-forex-trade-copier-join-for-200-one-time-fee-1664883

Slow death

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Quote from: Dassi on November 10, 2016, 03:56:19 AM

Buy a coin at its "24hr low" price, sell at its "24hr high" price and make some profit.

Anybody can do that.

It is not that simple. You need to study hard if you want to trade. You must develop a strategy and each person uses their own strategy.

Quote from: Mzie on November 10, 2016, 03:24:52 AM

I have realized that most traders set daily targets of profit they want to make.

Like everything else in life, you must set goals. What are the minimum percentages you want to reach? Only this way will you know your performance

Quote from: Dassi on November 10, 2016, 03:56:19 AM

Do people really stay on their computers for hours and hours looking at the markets?

Yes. If you want to have good results.

Huge Black Woman

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Quote from: Dassi on November 10, 2016, 03:56:19 AM

Yeah, trading requires a lot of waiting and waiting for the right time to strike. But that does not mean day trading is dead, simple.

Buy a coin at its "24hr low" price, sell at its "24hr high" price and make some profit.

Anybody can do that.

Anyone can do it if they know when those numbers are going to happen, but no one does. It's nowhere near as easy as you describe. I'd say most people who try to day trade end up pissing their money away. Better to buy a lottery ticket and some beer.

deisik

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Quote from: Mzie on November 10, 2016, 03:24:52 AM

I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?

I don't think this is a good idea overall, setting daily targets in terms of profits when trading. When you see that you are not getting there, you will most certainly become reckless and prone to making shameful and probably devastating mistakes leading to losses, not profits. On the other hand, if you quickly reach your daily target, you may become self-complacent and possibly lose a lot of trading opportunities as well as profits thereof...

In other words, strike while the iron is hot!

HaXX0R1337

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I dont really get the reason why do you think so.
Im doing day-trading (scalping) of course mostly on forex, on EURUSD pair, however i've been trading with leverage on cryptocurrency,
also scalping. It was really tough task, but 100% real. Why do you think it's dead? Actually the 1M chart moves pretty fast, according to forex

xuan87

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it's really hard to set target on trading especially when you trade bitcoin with alt coin, the price of the coin is really unstable, but if you really want to make profit then you need to see the price movement every hours because sometimes the movement is really fast, but an experience trader know when to sell the coin, he doesn't need to stay 24 hours in front of the computer

Pursuer

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Quote from: outatime1 on November 13, 2016, 02:35:10 PM

I don't know about everyone else, but I don't sit on the computer all day to make trades. I put in orders and wait for them to go thru and I check a few times throughout the day to see if any orders have cleared.

this is what usually everyone does.

the famous saying "buy low and sell high" is exactly this. the only trick here is to find the prices where you want to place your orders at and then wait for them to be filled.

also I have found that if you spread your orders a little, you can have a better time at trading. for example you should increment the price you buy at with an amount (or a percentage) you feel safe and place multiple of them.

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Quote from: Mzie on November 10, 2016, 03:24:52 AM

I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?

In my personally. i can say, it's yes.

Quote from: Mzie on November 10, 2016, 03:24:52 AM

Research and familiarizing with current trends is the key that most lack and this is why they cannot spot investment opportunities like major shifts in the market of a particular coin. Although some spot major shifts, chasing the bull has seen many losing money.

Sometimes the best trade is a No Trade. Roll Eyes

Nope, but the current trends are simply too short things. Some might have thought researching and familiarizing and not an important thing. but other were taking researching and familiarizing for an important thing.
Depending on their luck, it is becoming the wrong faith right now.

outatime1

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I don't know about everyone else, but I don't sit on the computer all day to make trades. I put in orders and wait for them to go thru and I check a few times throughout the day to see if any orders have cleared.

dothebeats

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To be honest, some of them only really do day trading while most of the traders who know how crypto trading works only stays in a computer for a few hours and just waits for the profits to pour--basically, all of crypto trading now is focused at pump and dumps and not really the conventional "day trading" that we are accustomed or used to.

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Quote from: PokerFace3 on November 13, 2016, 03:47:38 AM

Quote from: romero121 on November 13, 2016, 01:29:29 AM

Day trading needs lot time to be spent on it to be successful, but when one considers it full time needs to be in close observation over the price variations happening in accordance to time. Only then its possible to earn based upon the targets fixed. Similar to share marketing, bitcoin traders used to be in front of desktops to earn as planned

Yes, day trading is too complicated in my experience too because with positional trading we will be more relaxed as we have enough time to analyze the market movements in long term. With day trading, we'll be getting the possibilities of making some money on daily basis but it will be very low compared to long term holding.

I do not prefer day trading as I had lost some big amount due to sudden volatility.

I can feel your pain since I've been there, many times

Day trading is very luring into the reckless hunt for profits, thereby it is easy to first lose control and then lose money. But I still wouldn't write off day trading completely. It may be no less frustrating to see the price revert just short of your long term goal than actually losing a small amount of money. My favorite strategy so far has been to use the best of these two approaches to trading as much as possible. I don't neglect day trading altogether, though I use only a relatively small percentage of my funds without ever losing sight of my long term goals. In this manner, I profit a little from short-term volatility on a daily basis and at the same time don't lose handsome profits which long-term holding may potentially bring

densuj

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Quote from: traderethereum on November 11, 2016, 06:50:59 AM

i think the most traders will do like that, but for me, i am not sitting in my front of pc in hours and hours, but i only sit in just 1 hours to see what movement from the market and if i am interesting to buy or sell, then i will make an order but if i am not interesting, i will do another task.

Yea, actually depend on the traders and strategy used but mostly day traders they must stay on computers and watching the candle chat on the monitor, and in my experience it is not good because we don't have time for other Jobs and our mind is always on trading.

Mzie

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Quote from: PokerFace3 on November 13, 2016, 03:47:38 AM

Quote from: romero121 on November 13, 2016, 01:29:29 AM

Day trading needs lot time to be spent on it to be successful, but when one considers it full time needs to be in close observation over the price variations happening in accordance to time. Only then its possible to earn based upon the targets fixed. Similar to share marketing, bitcoin traders used to be in front of desktops to earn as planned

Yes, day trading is too complicated in my experience too because with positional trading we will be more relaxed as we have enough time to analyze the market movements in long term. With day trading, we'll be getting the possibilities of making some money on daily basis but it will be very low compared to long term holding.

I do not prefer day trading as I had lost some big amount due to sudden volatility.

And to think of how volatile Crypto Currencies is makes it even more risky.

PokerFace3

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Quote from: romero121 on November 13, 2016, 01:29:29 AM

Day trading needs lot time to be spent on it to be successful, but when one considers it full time needs to be in close observation over the price variations happening in accordance to time. Only then its possible to earn based upon the targets fixed. Similar to share marketing, bitcoin traders used to be in front of desktops to earn as planned

Yes, day trading is too complicated in my experience too because with positional trading we will be more relaxed as we have enough time to analyze the market movements in long term. With day trading, we'll be getting the possibilities of making some money on daily basis but it will be very low compared to long term holding.

I do not prefer day trading as I had lost some big amount due to sudden volatility.

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Quote from: Mzie on November 10, 2016, 03:24:52 AM

I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?

Research and familiarizing with current trends is the key that most lack and this is why they cannot spot investment opportunities like major shifts in the market of a particular coin. Although some spot major shifts, chasing the bull has seen many losing money.

Sometimes the best trade is a No Trade. Roll Eyes

Day trading needs lot time to be spent on it to be successful, but when one considers it full time needs to be in close observation over the price variations happening in accordance to time. Only then its possible to earn based upon the targets fixed. Similar to share marketing, bitcoin traders used to be in front of desktops to earn as planned

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Quote from: buwaytress on November 11, 2016, 03:06:15 AM

I doubt it is dead, day trading is in fact growing in plausibility as crypto gets more and more accepted by traditional finance and economic institutions.

As acceptance grows, so will interest from real investors and businesses. Soon, real world political and economic events will have as much impact on crypto as they do on forex and futures. Look at how bitcoin moved during the last few days (sure in reaction to the dollar but nevertheless...).

I think it is getting noticed now. Look at those ICO's, they get millions of dollars and becoming popular. Real investor are keeping their radar on cryptos with solid platform and roadmap.

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i think the most traders will do like that, but for me, i am not sitting in my front of pc in hours and hours, but i only sit in just 1 hours to see what movement from the market and if i am interesting to buy or sell, then i will make an order but if i am not interesting, i will do another task.

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Quote from: Mzie on November 11, 2016, 02:32:56 AM

Quote from: Goms on November 10, 2016, 11:27:38 AM

Technical analysis is what brings consistent profit in day trading.

A trader has to be able to interpret the charts and make good decisions on which way the price is most likely to turn.

I think this is what most of the people lack , most of people make decisions from going through troll chats on exchanges

that was a real mistake making decisions out of troll chat even though they know it clearly why the chat box named troll chat because inside it has so many trollers and fudders,a true traders will not going to be affected by the environment of the specific exchangers especially by its chatbox

buwaytress

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I doubt it is dead, day trading is in fact growing in plausibility as crypto gets more and more accepted by traditional finance and economic institutions.

As acceptance grows, so will interest from real investors and businesses. Soon, real world political and economic events will have as much impact on crypto as they do on forex and futures. Look at how bitcoin moved during the last few days (sure in reaction to the dollar but nevertheless...).

Mzie

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Quote from: Goms on November 10, 2016, 11:27:38 AM

Technical analysis is what brings consistent profit in day trading.

A trader has to be able to interpret the charts and make good decisions on which way the price is most likely to turn.

I think this is what most of the people lack , most of people make decisions from going through troll chats on exchanges

CraigWrightBTC

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Quote from: Goms on November 10, 2016, 11:27:38 AM

Technical analysis is what brings consistent profit in day trading.

A trader has to be able to interpret the charts and make good decisions on which way the price is most likely to turn.

Yes all of traders looking for the way of trading brings profit consistent, but the problem short term strategy day traders must be stay on computers and it is become problem for the people who doesn't have much time, so the analysis tecnical is not enough for it and we need other ways for more complete and not always stay on computers.

deisik

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Quote from: Mzie on November 10, 2016, 03:24:52 AM

I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?

If you are not quite happy with the daily price volatility of Bitcoin as of recent (too low as you seem to imply), try trading on margin. After you lose half of your account thanks to a sudden price drop or spike (depending on which side of the trade you are going to take), you will soon learn the value of being patient or even indulging...

Though nothing is as easy as it looks

ronaldo40

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really bad day for me in trade altcoin. since bitcoin increases, altcoin prices decline unexpected. I stuck a lot on altcoin. even two weeks without earning it really bad. I hope bitcoin prices drop soon, so altcoin given a breather to increase.

paramind22

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Quote from: Dassi on November 10, 2016, 03:56:19 AM

Yeah, trading requires a lot of waiting and waiting for the right time to strike. But that does not mean day trading is dead, simple.

Buy a coin at its "24hr low" price, sell at its "24hr high" price and make some profit.

Anybody can do that.

Isn't that what smart contract apps like Augur are for, so you can target certain events and know if the rules are right you can execute
a trade?

GregH37

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Quote from: justdimin on November 10, 2016, 11:40:02 AM

No, it is totally different case for an altcoin trader. We are having lot of choices and following latest news and speculation I am able to pick the right pair for a particular day. Maybe when sticking within bitcoin, you may not find opportunity to trade for one or other days.

Compared to bitcoin trader, alt coin trader might be having more chances to get at least one trade for every day, but when we are having more options we will be misleading to wrong trades other than that concentrating on technical analysis with many options will be difficult for any trader.

I believe there will not be any compulsory to trade daily to get some profits. Weekly 2 or 2 trades will be enough for a decent earning.

Quote from: Mzie on November 10, 2016, 03:24:52 AM

Sometimes the best trade is a No Trade. Roll Eyes

Yes, instead of facing losses securing capital must be the right option.

justdimin

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No, it is totally different case for an altcoin trader. We are having lot of choices and following latest news and speculation I am able to pick the right pair for a particular day. Maybe when sticking within bitcoin, you may not find opportunity to trade for one or other days.

housebtc

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Quote from: jtipt on November 10, 2016, 10:07:05 AM

Well that's true for professional traders, or say someone who is trading with large amount and expects a profit everyday it's his job. But with casual traders, someone like me, they don't usually set a goal or anything just trade with small amounts and hope you gain some profit at end of day.

It is not possible to make profit everyday no matter how professional or experience you are, experience only help your decision making, another thing people need to realize is that it is very difficult to make money in a bear market for most traders so you need to be very discipline to do so especially now that the prices of Altcoins have dropped significant since Bitcoin rally began.

Happy trading

Goms

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Technical analysis is what brings consistent profit in day trading.

A trader has to be able to interpret the charts and make good decisions on which way the price is most likely to turn.

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Quote from: Mzie on November 10, 2016, 03:24:52 AM

I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?

Research and familiarizing with current trends is the key that most lack and this is why they cannot spot investment opportunities like major shifts in the market of a particular coin. Although some spot major shifts, chasing the bull has seen many losing money.

Sometimes the best trade is a No Trade. Roll Eyes

If you do trading , you would surely put up time and efforts with it. Staying up for computer for how many hours would be needed as long you are trading because you would really need to see the price movements. This is the hardest part of trading which is the guessing game, as we all know price are too volatile we really dont know on which way it would go thats why it really needs patience and good technical analysis.

BitcoinHodler

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actually it is still possible. for bitcoin it is much easier because you can also use some analysis on the market and also add some news and things you hear around the web to it and then make trades.

but also it is possible with altcoins, although it is harder and can only be done on hot altcoins and the those with big market caps.

in neither of these cases it is easy over all to do trading in short term because there are so many variables that you have to watch for.

jtipt

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Well that's true for professional traders, or say someone who is trading with large amount and expects a profit everyday it's his job. But with casual traders, someone like me, they don't usually set a goal or anything just trade with small amounts and hope you gain some profit at end of day.

mobnepal

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For elite traders there is always a good opportunity to earn daily profit with day trading as they don't always watch only one single coin and don't go through any fixed strategy or loss/profit margin. While most of the new day trader loss so much trying to put their all bankroll in one single coin in margin trading with which even with small opposite market move they can loss all they have put into.

mindrust

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Trade only with the money which you don't need.

It is painful to wait for long months just to have your targeted profits. And it is even more painful to cut arms or legs when you need cash immediately.

Personally, i quitted crypto day trading. It is because i realized i will have more or less the same profits if the prices go up in general. If the prices go down, it has no use to trade anyway.

Red-Apple

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Quote from: Mzie on November 10, 2016, 03:24:52 AM

I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?

yes for the better part of it but it is impossible to always watch the markets and that is where bots come in.
but usually the "day traders" in markets like stocks and such are staying behind their computer and staring at the monitor all day long since there is a close time for most markets like stocks.

Quote

Research and familiarizing with current trends is the key that most lack and this is why they cannot spot investment opportunities like major shifts in the market of a particular coin. Although some spot major shifts, chasing the bull has seen many losing money.

Sometimes the best trade is a No Trade. Roll Eyes

that is true.
you should always have concrete reason for making each trades, not just do them based on your gut or risking it for maybe getting lucky!

jovs

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Quote from: Mzie on November 10, 2016, 03:24:52 AM

I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?

Research and familiarizing with current trends is the key that most lack and this is why they cannot spot investment opportunities like major shifts in the market of a particular coin. Although some spot major shifts, chasing the bull has seen many losing money.

Sometimes the best trade is a No Trade. Roll Eyes

Yeah, I fell what you feel. Blame those people who used to pump and dump a coin for them to make profit from an individual traders. Also, for the devs who are scamming traders for him to succeed hunting his victim.

Pursuer

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Quote from: Mzie on November 10, 2016, 03:24:52 AM

I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?

Research and familiarizing with current trends is the key that most lack and this is why they cannot spot investment opportunities like major shifts in the market of a particular coin. Although some spot major shifts, chasing the bull has seen many losing money.

Sometimes the best trade is a No Trade. Roll Eyes

not really no.
and this is exactly what I have been saying every time someone says don't leave your funds on an exchange! you have to open up positions that you want to buy and then to sell and wait for them to get filled or buy at current price and then wait for some time and sell based on how market shapes up but you never stay there watch your monitor all day long.

CraigWrightBTC

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Quote from: Mzie on November 10, 2016, 03:24:52 AM

I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?

Research and familiarizing with current trends is the key that most lack and this is why they cannot spot investment opportunities like major shifts in the market of a particular coin. Although some spot major shifts, chasing the bull has seen many losing money.

Sometimes the best trade is a No Trade. Roll Eyes

Actually not all of traders who make target profit daily because there are some types of traders are like scalper, daily traders, weekly traders and investors, and usually the traders who make target daily profit types scalpers and days traders of course they must stay on their computers. But everything depend on the traders them selves.

Monetizer

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Day trading crypto is not dead if you really really know what you are doing. With enough money it isn't hard to manipulate alt coin markets provided you can sell them. As for Bitcoin it can be quite hard to profit heaps.

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Quote from: Mzie on November 10, 2016, 03:24:52 AM

I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?

Research and familiarizing with current trends is the key that most lack and this is why they cannot spot investment opportunities like major shifts in the market of a particular coin. Although some spot major shifts, chasing the bull has seen many losing money.

Sometimes the best trade is a No Trade. Roll Eyes

Best profits to make are the ones from the long term and not short term trading If you ask me and in that case you don't really need to watch the market and stuff 24/7 Instead you could just check the price twice/thrice a day . Sometimes things are simply not going to go as you want ( specially daily as prices could stay so stable and don't move) so yeah I consider day trading as being dead.

Dassi

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Merit: 250

Yeah, trading requires a lot of waiting and waiting for the right time to strike. But that does not mean day trading is dead, simple.

Buy a coin at its "24hr low" price, sell at its "24hr high" price and make some profit.

Anybody can do that.

Mzie

full member

Activity: 140

Merit: 100

I have realized that most traders set daily targets of profit they want to make. Do people really stay on their computers for hours and hours looking at the markets?

Research and familiarizing with current trends is the key that most lack and this is why they cannot spot investment opportunities like major shifts in the market of a particular coin. Although some spot major shifts, chasing the bull has seen many losing money.

Sometimes the best trade is a No Trade. Roll Eyes

Topic: Day Trading Crypto- Currencies Is Dead... (Read 3095 times)