Topic: Does anyone "Day Trade" Bitcoin - page 4. (Read 13327 times)
Never did this but I also think that its way too risky to do because of the fact that you can lose insane amounts real fast.
I guess day trading is very tough, this is possibly like trading a stock option on daily basis, unless you are really a professional and can watch it all the time and have a good sense, it will be very difficult to do.
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.
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 not a day trader but I know there are a lot of traders that are doing this. They are more of daily profits rather than longer and higher profit.
For sure those traders have ample time to manage their day to day trade and they can monitor each alt coins that they bought.
It can be effective if you are jobless but for people like me that can't monitor their trades on a daily basis, this is not recommendable.
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?
Yes, I've been day trading the btc/usd currency pair for about four years now. I began by using BTCe but recently moved to simplefx.com because it's so easy and much faster. People are making small fortunes day trading the volatility of Bitcoin. Especially since the Chinese became heavily involved. Currently it's bitcoins best use and purpose.
https://simplefx.com/dashboard/
https://simplefx.com/dashboard/
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 think there are many day traders and they hold both long term and short term investment. They do day trading just to meet out their daily and house hold expenses and they also hold long term investment just for more profit in future. 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.
It's not worth it, just stick to buying and holding, if you believe in bitcoin long term, it's the only way to make solid gains. Look at what happened today, it's like someone cut the graph with a knife, 90 degree freefall out of nowhere, only because of chinese shenanigans. You can't predict those, day traders can lose a lot of money in situations like this, if you had a long position you got fucked hard today, theres no other way to put it.
yeah but still many are day trading bitcoin specially these days that prices are so volatile, traders are killing it or getting killed based on how much experience they have got.
and most of the times when day trading it comes to how quickly you can act on some news, rather than being able to predict things although that helps.
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.
Day trading is not appropriate for bitcoin trading as it has different volatility compare to altcoin. Day trading is fit for altcoin trading since everything is manipulated in most of the trading cases. Why try for yourself so you can compare it based on your experience.
Good sites* I can recommend is Kraken, Poloniex, Bitstamp (for BTC) and Poloniex (for other alts). If alts are not listed on the mentioned site, second option would be CCEX and Cryptopia.
My idea is to use the volatility to my advantage. I do not concern myself with the actual price, just how it changes. Many small gains add up due to the compounding interest effect.
For example if I buy 0.5 bitcoins for $500 to start, I wait for a positive price change. Let's say it goes from $1000/BTC to $1015/BTC. I sell 0.1 of my bitcoins and I have 0.4 left. Any price change under $1015 is a winning buyback for 0.1 BTC or less, since that's the amount I sold. Any price change still landing over $1000 is a winning sell for 0.4 BTC, since that's what I have left. Any drop under $1000 is a good buy.
Making many small trades like this over time will beat any "buy low, sell high" single clump trade.
It's just the fees kill you at 1% each. You'd need at least a 2% price swing on every trade, so a $1000 buy needs a $1020 price for s sell, and $1020 needs to drop to $1000 before a rebuy is triggered.
For example if I buy 0.5 bitcoins for $500 to start, I wait for a positive price change. Let's say it goes from $1000/BTC to $1015/BTC. I sell 0.1 of my bitcoins and I have 0.4 left. Any price change under $1015 is a winning buyback for 0.1 BTC or less, since that's the amount I sold. Any price change still landing over $1000 is a winning sell for 0.4 BTC, since that's what I have left. Any drop under $1000 is a good buy.
Making many small trades like this over time will beat any "buy low, sell high" single clump trade.
It's just the fees kill you at 1% each. You'd need at least a 2% price swing on every trade, so a $1000 buy needs a $1020 price for s sell, and $1020 needs to drop to $1000 before a rebuy is triggered.
You can achieved in a duration of period of time but not on a sole day.
It's not worth it, just stick to buying and holding, if you believe in bitcoin long term, it's the only way to make solid gains. Look at what happened today, it's like someone cut the graph with a knife, 90 degree freefall out of nowhere, only because of chinese shenanigans. You can't predict those, day traders can lose a lot of money in situations like this, if you had a long position you got fucked hard today, theres no other way to put it.
If your interested in day trading in crypto you should come and have a look at our poloniex lending bot and margin trading signals
We trade everyday on this marketplace. With a wide range of crypto to trade on its a great place to make your bitcoin work for you in many different ways.
Have a look at our services and take a look at the poloniex platform, It might be just what your looking for.
Poloniex Exchange / Margin Trading Platform
https://poloniex.com
Elevara Poloniex Lending Bot.
https://bitcointalksearch.org/topic/elevara-poloniex-lending-bot-bitcointalk-member-vouched-python-1744380
Elevara Trading Signals Service.
https://bitcointalksearch.org/topic/elevara-crypto-trading-signals-1747026
We trade everyday on this marketplace. With a wide range of crypto to trade on its a great place to make your bitcoin work for you in many different ways.
Have a look at our services and take a look at the poloniex platform, It might be just what your looking for.
Poloniex Exchange / Margin Trading Platform
https://poloniex.com
Elevara Poloniex Lending Bot.
https://bitcointalksearch.org/topic/elevara-poloniex-lending-bot-bitcointalk-member-vouched-python-1744380
Elevara Trading Signals Service.
https://bitcointalksearch.org/topic/elevara-crypto-trading-signals-1747026
Thank you very much, I will look into it.
And thank you everyone who had something of value to say. You know who you are
If your interested in day trading in crypto you should come and have a look at our poloniex lending bot and margin trading signals
We trade everyday on this marketplace. With a wide range of crypto to trade on its a great place to make your bitcoin work for you in many different ways.
Have a look at our services and take a look at the poloniex platform, It might be just what your looking for.
Poloniex Exchange / Margin Trading Platform
https://poloniex.com
Elevara Poloniex Lending Bot.
https://bitcointalksearch.org/topic/elevara-poloniex-lending-bot-bitcointalk-member-vouched-python-1744380
Elevara Trading Signals Service.
https://bitcointalksearch.org/topic/elevara-crypto-trading-signals-1747026
We trade everyday on this marketplace. With a wide range of crypto to trade on its a great place to make your bitcoin work for you in many different ways.
Have a look at our services and take a look at the poloniex platform, It might be just what your looking for.
Poloniex Exchange / Margin Trading Platform
https://poloniex.com
Elevara Poloniex Lending Bot.
https://bitcointalksearch.org/topic/elevara-poloniex-lending-bot-bitcointalk-member-vouched-python-1744380
Elevara Trading Signals Service.
https://bitcointalksearch.org/topic/elevara-crypto-trading-signals-1747026
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.
80% of them are day trader and almost all the trading exchanges are going with day trading and for the past 2 or 3 months their is so high fluctuation in bitcoin price in the day trade itself that you can make a good sum of income if you pick the correct buy and sell options.
an exchange is a place (a website) where you to exchange your money to bitcoin and vice versa. in other words sites that you trade on such as Coinbase.
the 1% is pretty high compared to other places. i am not sure about the exactly percentage of each of these places but you can check them out yourself. they are usually 0.15 to 0.25% for each trade depending on some stuff like the amount you have traded before, some places have a fixed percentage some don't.
Thank you.
I am looking for those "other places" you mentioned.
If anyone has a positive experience with one that pays quickly enough to do day trades, please, let us know.
here is a list of them: http://coinmarketcap.com/currencies/bitcoin/#markets
the famous places are those with highest trade volume (mostly bitstamp and bifinex).
and i don't know what you mean by pays quickly, you deposit an amount on the site (fiat or cryptocurrency) and then trade as fast as clicking can be. and withdrawing and depositing cryptocurrency is fast but money may take some time since it has to go through a bank
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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 think i am not have day trade bitcoin as i doing trading in daily and for time, i think i am doing trading in a day. reliable sites that you mean is an exchange sites like poloniex, bittrex? or like coinbase which we can sell our bitcoin directly?
an exchange is a place (a website) where you to exchange your money to bitcoin and vice versa. in other words sites that you trade on such as Coinbase.
the 1% is pretty high compared to other places. i am not sure about the exactly percentage of each of these places but you can check them out yourself. they are usually 0.15 to 0.25% for each trade depending on some stuff like the amount you have traded before, some places have a fixed percentage some don't.
Thank you.
I am looking for those "other places" you mentioned.
If anyone has a positive experience with one that pays quickly enough to do day trades, please, let us know.
i think kraken can be other option to do exchange your money to bitcoin but its better if you get verified in that site to make your transaction limit is higher. or you can do with btc-e, bitstamp. you can find another sites with search engine.
an exchange is a place (a website) where you to exchange your money to bitcoin and vice versa. in other words sites that you trade on such as Coinbase.
the 1% is pretty high compared to other places. i am not sure about the exactly percentage of each of these places but you can check them out yourself. they are usually 0.15 to 0.25% for each trade depending on some stuff like the amount you have traded before, some places have a fixed percentage some don't.
Thank you.
I am looking for those "other places" you mentioned.
If anyone has a positive experience with one that pays quickly enough to do day trades, please, let us know.
My idea is to use the volatility to my advantage. I do not concern myself with the actual price, just how it changes. Many small gains add up due to the compounding interest effect.
For example if I buy 0.5 bitcoins for $500 to start, I wait for a positive price change. Let's say it goes from $1000/BTC to $1015/BTC. I sell 0.1 of my bitcoins and I have 0.4 left. Any price change under $1015 is a winning buyback for 0.1 BTC or less, since that's the amount I sold. Any price change still landing over $1000 is a winning sell for 0.4 BTC, since that's what I have left. Any drop under $1000 is a good buy.
Making many small trades like this over time will beat any "buy low, sell high" single clump trade.
It's just the fees kill you at 1% each. You'd need at least a 2% price swing on every trade, so a $1000 buy needs a $1020 price for s sell, and $1020 needs to drop to $1000 before a rebuy is triggered.
For example if I buy 0.5 bitcoins for $500 to start, I wait for a positive price change. Let's say it goes from $1000/BTC to $1015/BTC. I sell 0.1 of my bitcoins and I have 0.4 left. Any price change under $1015 is a winning buyback for 0.1 BTC or less, since that's the amount I sold. Any price change still landing over $1000 is a winning sell for 0.4 BTC, since that's what I have left. Any drop under $1000 is a good buy.
Making many small trades like this over time will beat any "buy low, sell high" single clump trade.
It's just the fees kill you at 1% each. You'd need at least a 2% price swing on every trade, so a $1000 buy needs a $1020 price for s sell, and $1020 needs to drop to $1000 before a rebuy is triggered.
There is a lot of traders nowadays because the salary or income on this job is really great, though sometimes it is hard to find legit buyers. If you want to do Trading, my only advice to you is to wait on whatever coins are you trying to Trade to be dump by exchangers like CCEX, YOBIT and so on. In this way, you can have bigger profits if this coins that you bought in a small price would pump in time. All you have to do is wait for the right time and have patience.
There are a lot of bitcoin trader that trade everyday, some of them make a living by doing trading, but to sell and buy everyday is all depends on the market, and usually trader won't trade if the price up is too little they are aiming for big price up, and they are not really watching the chart every minutes
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.
Actually there are a lot of bitcoin day trader they are busy switching bitcoin to dollars and dollars to bitcoin on exchangers. Bitcoin is always moving since the activity is very active volatility is the key in this kind of trade. This is not an easy task since you are always online and always observing the charts in many exchangers comparing the price and analyzing the market. Some uses a trading bot to do their biddin but manual day trading is still the best.
Yes, I am. Day trade use the small time frame "30 minute, 45 minute or 1 hour". You can trade by manaully or automatically. If you want to trade manually, It has many market such as kraken.com, bittrex.com. However, If you want to trade automatically. You can ask me in chat box. And I will tell you.
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