There are lots of day trade actually, sometimes in the past I did that especially if I need money much.
It is not bad they are just being practical, don't wanting to lose money. When I am starting trading what I do is when I see the price goes up I get the profit even in small amount and retain my capital.
Topic: Does anyone "Day Trade" Bitcoin - page 3. (Read 13327 times)
Well I'm unemployed so... how steep is the learning curve for trading? Can you suggest reliable sites on where to learn about this? And how much bitcoin would I need as startup?
Well as long as you understand the difference between higher and lower numbers in base-10, you have all the skills you need
Buy low, sell higher, repeat.
Just don't buy in for more than you can spare. Don't put the rent/mortgage money in there.
I started with half a bitcoin. Now I'm all the way up to 8.
Is there any exchange you can suggest for those just beginning with trading? I've seen my cousin use Yobit but he said he just use it to play dice and he's not really doing any trade.
BTW, congratulations on getting to BTC8.
How many months did it take you to grow your BTC0.5?Thanks. I purchase BTC along the way, that wasn't a 16x rollover. Still this is now my 2nd year.
Yes, there are a lot of people who do this in trading platform and exchanges. Unlike in stock market day trading, day traders do it in just the trading hours, here in the crypto-world they do it 24/7. They even made bots to do it. They buy low and sell a bit higher like around 1-2%. So, I guess you could consider that as day trading.
yeah the bitcoin volatile make people really recognized it's as their favorite stuff to trade daily. don't need to get a lot of profit, small but steady . do it repeatedly. but of course it's doesn't mean so easy to do day trading , even bot could lead you to broke. just be safe using bot. 
Well I'm unemployed so... how steep is the learning curve for trading? Can you suggest reliable sites on where to learn about this? And how much bitcoin would I need as startup?
Well as long as you understand the difference between higher and lower numbers in base-10, you have all the skills you need
Buy low, sell higher, repeat.
Just don't buy in for more than you can spare. Don't put the rent/mortgage money in there.
I started with half a bitcoin. Now I'm all the way up to 8.
Is there any exchange you can suggest for those just beginning with trading? I've seen my cousin use Yobit but he said he just use it to play dice and he's not really doing any trade.
BTW, congratulations on getting to BTC8.
How many months did it take you to grow your BTC0.5? 
From what I noticed, I can tell you that bitcoin day trading is only really profitable if you have access to bitcoin exchanges located in exotic places.
What I mean by that: on Indian, African, European and Chinese exchanges price usually differs greatly. At some point it might reach even 20%
So if you can establish Indian, African <=> western bitcoin trading - the profits are there.
What I mean by that: on Indian, African, European and Chinese exchanges price usually differs greatly. At some point it might reach even 20%
So if you can establish Indian, African <=> western bitcoin trading - the profits are there.
Are you talking about arbitrage? I dont think there are that many traders that do it. Just look at the price of BTC in all the exchanges and look at the difference. If there were many traders doing arbitrage then all the BTC exchanges all over the world will have almost the same prices of BTC. The difference will be very small.
what he is saying is not exactly arbitrage but a similar method like it.
it comes from the fact that in those countries like India there aren't that many good places that you can find and buy bitcoin from and in a certain period of time there was limitation on people banks and how much they could withdraw so they needed other methods and started using localbitcoins ,... so price went up.
and if someone can buy with USD and sell to Indian Rupies (?) they can make a good profit but that is not day trading and it is not an always thing.
That sounds like arbitrage. If there were many traders doing this then the market involved will be very efficient. Looking at the state of the market now is proof that not many traders are doing arbitrage trading that requires the use of BTC.
Yes, there are a lot of people who do this in trading platform and exchanges. Unlike in stock market day trading, day traders do it in just the trading hours, here in the crypto-world they do it 24/7. They even made bots to do it. They buy low and sell a bit higher like around 1-2%. So, I guess you could consider that as day trading.
Never done that and I also do not think its very profitable maybe back in the days it has been done more most likely it did but I think its nowadays too risky.
Yeah. There are hundreds of day-traders on this forum. However, it is not very profitable unless one possess a vast amount of Bitcoin.
As for sites, I sometimes use Kraken and Yobit.
As for sites, I sometimes use Kraken and Yobit.
You don't need a big stash of BTC to make a nice chunk of money day trading. I think everyone is thinking too much like a stock INVESTOR (buy many cheap shares, sell many at price-sell trigger) and not a VOLATILE commodities trader (make even 2% gains over and over then double your investment after only 36 trades).
Day trading loves the law of compounding interest. A simplified version is the "rule of 72." Take the gain percentage (say 4%) and put it in the denominator with 72 as the numerator. This is approximately the number of similar trades it will take to double the starting amount.
72/4 = 18
1.04 x 1.04 x 1.04 ... 18 times is 2.0258 etc.
Of course BTC prices won't swing in 4% pluses and minuses for you, so you look for smaller swings, even 1%. And, don't put your entire bankroll at risk. Use maybe a quarter of it. It will take 72 trades at 1% to double the amount you're trading with. 2 trades a day for a little more than a month.
Hello everyone,
I'm wondering if anyone buys and sells bitcoin like a day trader. Like maybe watching for a small gain, selling a few, watching for a small dip, buying back more from what you just sold, and so on.
Are there any reliable sites for this?
Thanks in advance for all who offer insightful advice.
Yeah. There are hundreds of day-traders on this forum. However, it is not very profitable unless one possess a vast amount of Bitcoin.I'm wondering if anyone buys and sells bitcoin like a day trader. Like maybe watching for a small gain, selling a few, watching for a small dip, buying back more from what you just sold, and so on.
Are there any reliable sites for this?
Thanks in advance for all who offer insightful advice.
As for sites, I sometimes use Kraken and Yobit.
You might want to visit https://btc-e.com/
Thanks! I love the layout. Do you use this site for your trades?
Hello everyone,
I'm wondering if anyone buys and sells bitcoin like a day trader. Like maybe watching for a small gain, selling a few, watching for a small dip, buying back more from what you just sold, and so on.
Are there any reliable sites for this?
Thanks in advance for all who offer insightful advice.
I'm wondering if anyone buys and sells bitcoin like a day trader. Like maybe watching for a small gain, selling a few, watching for a small dip, buying back more from what you just sold, and so on.
Are there any reliable sites for this?
Thanks in advance for all who offer insightful advice.
I'm full day trader in cryptocurrency, i combined between bitcoin and altcoin. So far i got more profit from altcoin if bitcoin price not increase. for now, i used polonix, bittrex, btc-e to trade daily
I used to day trade on bitstamp. It was a good experience but the profits were marginal. Its not often that BTC goes up exponentially but goes down steeply a lot more than going up. Couldn't find time for it as I couldnt make good money out of it. Felt it wasnt worth the time/effort.
Hello everyone,
I'm wondering if anyone buys and sells bitcoin like a day trader. Like maybe watching for a small gain, selling a few, watching for a small dip, buying back more from what you just sold, and so on.
Are there any reliable sites for this?
Thanks in advance for all who offer insightful advice.
I'm wondering if anyone buys and sells bitcoin like a day trader. Like maybe watching for a small gain, selling a few, watching for a small dip, buying back more from what you just sold, and so on.
Are there any reliable sites for this?
Thanks in advance for all who offer insightful advice.
Daily traders get small and big profits depends on their funds. How much capital you have, if you don't mind to share?
You may try to search local exchanges in your country in order to make easier transaction among members.
If you want to register on some famous exchanges such as coinbase, bitstamp, itbit, btc-e or bitfinex, there are a lot of them.
Ofcourse there are day traders in bitcoin too, they buy bitcoins and wait for the price to go a little higher and they sell them back to earn a few bucks and they again wait for it to drop some bucks and they do the same thing again, though it can be profitable sometimes when the price stays quite stable but mostly it is not good because if the price starts growing then it just keeps growing and if it starts dropping then it keeps dropping like now.
Most traders who want profits in short term do day trade. They do their sale even at small margins. They do trading frequently. But the fees charged by exchange per trade should also be considered if the investment is small. Mostly, day trade gives more benefits in altcoins since the price is highly fluctuating.
those who have a lots of btc can do day trade as fluctuations really benefiting traders just needed to have big funds for this and good assessment making correct entry will already give you good profits if you have a huge capital. 
Most traders who want profits in short term do day trade. They do their sale even at small margins. They do trading frequently. But the fees charged by exchange per trade should also be considered if the investment is small. Mostly, day trade gives more benefits in altcoins since the price is highly fluctuating.
There are for sure a group that has time and money to play bitcoin daily trades, this requires a lot time and dedication, but there is the gold eggs here as well, forex is one way to maximize this daily earnings. Since i dont have enought time for such adventure i do some small trades along the week.
Well I'm unemployed so... how steep is the learning curve for trading? Can you suggest reliable sites on where to learn about this? And how much bitcoin would I need as startup?
I do trading but not for everyday, I'm still learning to gain experience from it. I start from do thru MT4 platform, it's make easier for do an analyze, also there are a demo which you can learn with real-time trading, I used simpleFX.com for it.
From what I noticed, I can tell you that bitcoin day trading is only really profitable if you have access to bitcoin exchanges located in exotic places.
What I mean by that: on Indian, African, European and Chinese exchanges price usually differs greatly. At some point it might reach even 20%
So if you can establish Indian, African <=> western bitcoin trading - the profits are there.
What I mean by that: on Indian, African, European and Chinese exchanges price usually differs greatly. At some point it might reach even 20%
So if you can establish Indian, African <=> western bitcoin trading - the profits are there.
Are you talking about arbitrage? I dont think there are that many traders that do it. Just look at the price of BTC in all the exchanges and look at the difference. If there were many traders doing arbitrage then all the BTC exchanges all over the world will have almost the same prices of BTC. The difference will be very small.
what he is saying is not exactly arbitrage but a similar method like it.
it comes from the fact that in those countries like India there aren't that many good places that you can find and buy bitcoin from and in a certain period of time there was limitation on people banks and how much they could withdraw so they needed other methods and started using localbitcoins ,... so price went up.
and if someone can buy with USD and sell to Indian Rupies (?) they can make a good profit but that is not day trading and it is not an always thing.
From what I noticed, I can tell you that bitcoin day trading is only really profitable if you have access to bitcoin exchanges located in exotic places.
What I mean by that: on Indian, African, European and Chinese exchanges price usually differs greatly. At some point it might reach even 20%
So if you can establish Indian, African <=> western bitcoin trading - the profits are there.
What I mean by that: on Indian, African, European and Chinese exchanges price usually differs greatly. At some point it might reach even 20%
So if you can establish Indian, African <=> western bitcoin trading - the profits are there.
Are you talking about arbitrage? I dont think there are that many traders that do it. Just look at the price of BTC in all the exchanges and look at the difference. If there were many traders doing arbitrage then all the BTC exchanges all over the world will have almost the same prices of BTC. The difference will be very small.
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