scalping Bitcoin vs. other assets | Bitcointalksearch.org

taufik123

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Quote from: wxa7115 on June 01, 2023, 08:08:07 PM

I am not so sure I would think of scalping as something fun, now earning money is without a doubt a good experience, however when it comes to scalping that money comes from hours of intense concentration in which you need to watch many different charts and make a trade as soon as the conditions to open a position are fulfilled.

This not only does not sound as fun at all, it is also incredibly stressing and this explains why even profitable traders eventually leave scalping behind as they cannot deal with the pressure to perform perfectly each and every time.

Scalping is a fast trading method that does require more concentration and knowledge in technical analysis and candlestick reading.
That's because you have to determine when to enter and exit quickly.
Time frames below 15 minutes are the best for scalping because the movement will be very fast.

There is nothing easy when talking about scalping methods, for those who are already professionals and have a lot of money to trade scalping, it will provide instant profits if they do it right and fast.
But for some people who are still untrained and their psychology is not ready, scalping will be a place where they waste money for nothing.

Choosing which coin to scalp is also important. If you choose Bitcoin but with low Votality, of course, there will not be a fast transaction.
Bitcoin still tends to be sideway. The right coin for scalping is one that is still hyped with high volume so that transactions will be faster.

It is not fun to do scalping every time you trade, it will make our eyes have to always focus on the candles, and the scalping method is used only when ready and able to do it. The rest of the time trade leisurely, without burdening your mind.

wxa7115

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Quote from: fauzan Ichsan on May 27, 2023, 01:41:31 AM

Quote from: wxa7115 on May 26, 2023, 09:29:47 PM

That is the main problem with scalping, scalping is execution heavy, meaning that unless you can apply whatever strategy you have created in a perfect manner and on the blink of an eye then there is no point on trying to trade in this way at all.

It is better that people start their journey as long term traders and then once they become successful they can transition to swing traders, this way they can minimize the number of trades they make while they give themselves a bigger margin of error when it comes to the execution of their trades.

scalping using a time frame below M15 is difficult to predict, due to wilder movements, at least using scalping, namely M15, for leverage trading, making transactions below M15 is not profitable because there is still a spread when we open a transaction. it is indeed difficult to do, but it is not impossible as long as we want to try, and if you have free time, scalping activities are very profitable and fun. indeed the profit taken is small, but you can make a large number of transactions, the smaller the time frame used, then we will see more opportunities

I am not so sure I would think of scalping as something fun, now earning money is without a doubt a good experience, however when it comes to scalping that money comes from hours of intense concentration in which you need to watch many different charts and make a trade as soon as the conditions to open a position are fulfilled.

This not only does not sound as fun at all, it is also incredibly stressing and this explains why even profitable traders eventually leave scalping behind as they cannot deal with the pressure to perform perfectly each and every time.

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In fact, the operation of cryptocurrencies is very similar to Bitcoin. Usually it is bitcoin that sets the trend in cryptocurrencies, because this currency is the main one.

Not necessarily, fundamentally, altcoin volatility sometimes moves independently depending on project performance regardless of global market trends. Altcoins are more developed because even changing the protocol doesn't need a special proposal. They have an active founder and are known to be the ultimate authority over everything.

fauzan Ichsan

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Quote from: wxa7115 on May 26, 2023, 09:29:47 PM

Quote from: Wind_FURY on May 26, 2023, 09:50:27 AM

It's not close to impossible to learn, it's just hard for plebs like us to profit from consistently because most probably plebs are under-capitalized which doesn't make it easier for risk management.

The other mistake is using a very low time frame like what you posted. Executing trades using a 5 - 15 minute time frame without a bot will just commit you to make mistakes, and from accumulated mistakes, it will eventually make you more emotional.

That is the main problem with scalping, scalping is execution heavy, meaning that unless you can apply whatever strategy you have created in a perfect manner and on the blink of an eye then there is no point on trying to trade in this way at all.

It is better that people start their journey as long term traders and then once they become successful they can transition to swing traders, this way they can minimize the number of trades they make while they give themselves a bigger margin of error when it comes to the execution of their trades.

scalping using a time frame below M15 is difficult to predict, due to wilder movements, at least using scalping, namely M15, for leverage trading, making transactions below M15 is not profitable because there is still a spread when we open a transaction. it is indeed difficult to do, but it is not impossible as long as we want to try, and if you have free time, scalping activities are very profitable and fun. indeed the profit taken is small, but you can make a large number of transactions, the smaller the time frame used, then we will see more opportunities

wxa7115

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Quote from: Wind_FURY on May 26, 2023, 09:50:27 AM

It's not close to impossible to learn, it's just hard for plebs like us to profit from consistently because most probably plebs are under-capitalized which doesn't make it easier for risk management.

The other mistake is using a very low time frame like what you posted. Executing trades using a 5 - 15 minute time frame without a bot will just commit you to make mistakes, and from accumulated mistakes, it will eventually make you more emotional.

That is the main problem with scalping, scalping is execution heavy, meaning that unless you can apply whatever strategy you have created in a perfect manner and on the blink of an eye then there is no point on trying to trade in this way at all.

It is better that people start their journey as long term traders and then once they become successful they can transition to swing traders, this way they can minimize the number of trades they make while they give themselves a bigger margin of error when it comes to the execution of their trades.

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Quote from: milewilda on May 22, 2023, 03:38:56 PM

Quote from: Wind_FURY on May 22, 2023, 08:59:48 AM

Quote from: david678345 on May 19, 2023, 03:59:48 PM

What pros and cons do you see when scalping Bitcoin vs. other assets such as NASDAQ.
What assets do you recommend for scalping other than Bitcoin and what platform to use for those assets?

Pros for scalping Bitcoin is volatility. If you're good at scalping then you won't require a lot of capital and/or leverage when you trade.

Cons, it's also volatility, but just for plebs like me, or us? If you're a good scalper it will be good for you, if you're not, it will be a vector that will cause you mistakes.

When we do talk about scalping, then this is something that not all would be able to do so because actually scalping on a volatile market is really something a huge or almost close to impossible for someone to leanr in a short time.

This is why we dont usually see those traders who do love to play with those movement but there are actually ones who are really having that kind of method which not everyone could able to learn on.

Even myself did make out some try on scalping on 5-15m timeframe which i do end up on being that impulsive yet i couldnt handle out my emotions on just seeing those candle sticks who do rose and goes down on a very active manner on which i could say that TA wont really be that much precise on this one. Therefore, i have decided not to deal with this because it is really way too risky and this is the fastest way on blowing up your account if you arent really that good on this one.

It's not close to impossible to learn, it's just hard for plebs like us to profit from consistently because most probably plebs are under-capitalized which doesn't make it easier for risk management.

The other mistake is using a very low time frame like what you posted. Executing trades using a 5 - 15 minute time frame without a bot will just commit you to make mistakes, and from accumulated mistakes, it will eventually make you more emotional.

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Investment depends entirely on yourself. if you have risk appetite or aim to earn high profit then Bitcoin will be the best choice for investment. And if you are not inclined to take risk then in that case you can choose other investment areas. The more risk you take with an understanding of the market, the more likely you are to make a profit. Only if we can properly observe three things of money risk taking, right time investment, and long time hold then we can earn a lot of profit by investing. So I would always suggest to take risks, because very few people have succeeded in life without taking risks, be it in any field of work.

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Quote from: david678345 on May 19, 2023, 03:59:48 PM

What pros and cons do you see when scalping Bitcoin vs. other assets such as NASDAQ.
What assets do you recommend for scalping other than Bitcoin and what platform to use for those assets?

Is it possible to trade NASDAQ on bingx or bitget? in copytrading I am following a trader on bingx who is trading USTECH/USD but I don't see it as a pair in my perpetual futures account.

- I'm just asking mate, are you a scalper? Because scalping is only applicable to pro traders, it is not applicable or recommendable to newbies here in crypto trading. But if you are a pro-trader then there is no problem.

And as for your question about Nasdaq, it's a stock as far as I know. This is not the same as Bitget which only trades cryptocurrencies and individual traders can only choose copy trading.

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Quote from: jeraldskie11 on May 23, 2023, 10:22:08 AM

In my opinion, scalper is the riskiest among any type of traders because you only need a small time to hit the target profit or stop loss. It's a good strategy for me because you are not easy to get caught by the manipulator since your position only takes for minutes. Additionally, you have more free time if you reach your profit limit for the day unlike swing trading, you have to wait for days. I would say scalping is best for Bitcoin and not for any other alts because of their volatility.
Scalping is the best strategy but the hardest to learn.

Well, if you compare Bitcoin with stock exchange assets such as NASDAQ or any other, Bitcoin is probably a better choice for scalping since it provides more windows for profits due to the volatility, but then if you compare Bitcoin with alternative cryptocurrencies, I would say altcoins can be more profitable since they are more volatile than Bitcoin, but again, they also come with greater risk since the chances of hitting the stop-loss will increase.

Scalping is good but only if you are an experienced spot trader and understand the market and how different coins and tokens move, without the required knowledge and experience, you will only lose money if you try scalping.

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Quote from: tygeade on May 25, 2023, 11:58:15 AM

I think stocks are more stable so it is safer than in bitcoin but bitcoin is more profitable in a way that you can trade quickly and you can stack the profits that you can get. Stocks is safer but losing money can still occur if we have no idea of what we are doing or we picked up a bad stock, so we must equipped our selves with knowledge first before engaging in either stocks or bitcoin trading.

Stocks are safer than bitcoin?!!! This is strange, I always thought the opposite, I had never traded stocks explicitly, but through my readings and knowledge I always knew that trading stocks is more risky than cryptocurrencies.

At least in cryptocurrency trading, you are not forced to sell at a loss. You can hold in the long run until the coin rises and thus you will not come out with a loss. As for stocks, you are either a winner or a loser.

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Quote from: yhiaali3 on May 21, 2023, 11:13:28 PM

I have not tried stock trading but I have read a lot about it, from what I know stock trading is very risky and you can lose all your money. For me Bitcoin speculation is easier and safer.

Personally, I do not prefer to use scalping to trade Bitcoin because I find long-term trading more profitable, but I do use scalping to trade some very volatile altcoins where small numbers of volatility can be taken advantage of.

I think stocks are more stable so it is safer than in bitcoin but bitcoin is more profitable in a way that you can trade quickly and you can stack the profits that you can get. Stocks is safer but losing money can still occur if we have no idea of what we are doing or we picked up a bad stock, so we must equipped our selves with knowledge first before engaging in either stocks or bitcoin trading.

When it comes to crypto, again I think bitcoin is more volatile compared to altcoins or tokens so bitcoin should be the best medium for use when scalping. Apart from scalping, long term trading is also great. We can do both if we can handle the pressure.

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For trading NASDAQ on BingX or Bitget, it seems that these platforms primarily focus on cryptocurrency trading. USTECH/USD represents the NASDAQ index priced in USD. If you don't see it as a pair in your perpetual futures account, it might not be available for direct trading on these platforms. You can consider using a different platform that offers access to traditional financial markets, like eToro, Plus500, or Interactive Brokers, to trade NASDAQ and other indices.

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Quote from: david678345 on May 19, 2023, 03:59:48 PM

What pros and cons do you see when scalping Bitcoin vs. other assets such as NASDAQ.
What assets do you recommend for scalping other than Bitcoin and what platform to use for those assets?

Is it possible to trade NASDAQ on bingx or bitget? in copytrading I am following a trader on bingx who is trading USTECH/USD but I don't see it as a pair in my perpetual futures account.

NASDAQ is not a cryptocurrency so there is no way it's going to be listed on exchange like Bitget. NASDAQ is mostly traded on forex market which give forex traders the opportunity of trading it and making some few dollars from the market. I know there are some traders that would love to trade this kind of instrument on exchanges but it is not possible because it is not a cryptocurrency coin or asset.

Scalping is another pattern of trading in the market that does not take longer time in the market. Most time it only take you like 3 to 7 minutes of trading. This type of trading can not make us profitable because it only takes few minutes. This can work well in the forex market very well but not in the Crypto market.

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I think neither is good, scalping is a very tough and grinding method that requires so much grunt work that most of the time the end result doesn't really worth it and I would highly suggest not doing it at all. I mean think about it this way, what would it happen if we all kept on doing something like this at all times and not make too much, wouldn't we give up?

I would personally give up and not really do anything about it anymore ever again. Instead of doing this, why not do something easier? Like long term investment, or easy spot trading based on TA? Those are easy stuff and I would highly suggest everyone to do it, that would make a lot more sense. It is the method where you would make a lot of great approaches and it will make it work amazingly for sure.

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Bitcoin scalping, Bro, versus playing with assets like NASDAQ is like balancing on the knife's edge of risk and reward. Bitcoin is one wild rodeo, the 'rebel without a cause' of the financial world. It's a scalper's rollercoaster ride with highs and lows aplenty, but damn, those peaks and valleys can come out of nowhere! On the flipside, NASDAQ scalping is like a well-orchestrated symphony. Its moves, more measured and predictable, dance to the beat of market timings, economic vibes, and corporate money-talks. But, hold the phone – lower volatility here means less hefty gains than Mr. Bitcoin.

Turning our gaze towards Forex pairs – big ones like EUR/USD and USD/JPY, they're the darlings of scalpers. They've got tight moves and a deep pool of trading – just what a scalper needs. And you know what? MetaTrader platforms are their best mates with all the techy gizmos they've got for analysis. Then there's trading NASDAQ on Bingx or Bitget, they're more into the crypto scene. That USTECH/USD combo you're talking about is like a shadow, following NASDAQ's every move, but whether you can dance with it depends on what account you've got and where you're grooving from.

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Quote from: david678345 on May 19, 2023, 03:59:48 PM

What pros and cons do you see when scalping Bitcoin vs. other assets such as NASDAQ.
What assets do you recommend for scalping other than Bitcoin and what platform to use for those assets?

Pros are always the 24/7 market and high volatility which for some scalpers it's good.
And cons, exchange risk - there are already a lot of issues about centralized cryptocurrency exchange in the past.

The about best asset I can recommend other than Bitcoin is other top altcoins like Ethereum, BNB, Ripple, and Cardano.

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In my opinion, scalper is the riskiest among any type of traders because you only need a small time to hit the target profit or stop loss. It's a good strategy for me because you are not easy to get caught by the manipulator since your position only takes for minutes. Additionally, you have more free time if you reach your profit limit for the day unlike swing trading, you have to wait for days. I would say scalping is best for Bitcoin and not for any other alts because of their volatility.
Scalping is the best strategy but the hardest to learn.

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Quote from: david678345 on May 19, 2023, 03:59:48 PM

What pros and cons do you see when scalping Bitcoin vs. other assets such as NASDAQ.
What assets do you recommend for scalping other than Bitcoin and what platform to use for those assets?

Scalping is a method of individual traders who are fine with a small profit if they occasionally see something in it. In other words, those who make it are professional traders, it is not recommended for beginners. It is really necessary here that you have a deep understanding of trading.

Pros

- Scalping is a very effective technique for
earn crypto or bitcoin.
- It allows traders to
take advantage of small price movements.
- This is a relatively low-risk strategy that should be
do with proper risk management.

cons

- Scalping can also be demanding and time-consuming
- Low skill and experience are not allowed here
too.
- It is also difficult to make money in scalping if the
market.
- It can also be a dangerous strategy if there is none
enough management here.

so Bitcoin is the best scalping method to use.

Source:
* https://learn.bybit.com/strategies/best-crypto-scalp-trading-strategies/
* https://www.daytrading.com/scalping/crypto
* https://mytradingskills.com/trading-bitcoin

Quote from: david678345 on May 19, 2023, 03:59:48 PM

Is it possible to trade NASDAQ on bingx or bitget? in copytrading I am following a trader on bingx who is trading USTECH/USD but I don't see it as a pair in my perpetual futures account.

NASDAQ is a kind of stock exchange and obviously it doesn't allow any bitcoin or crypotpocurrenuy. More on it focuses on hightech and is located in New York U.S.

And Nasdaq cannot be traded on Bingx or Bitget either because these two are only for cryptocurrency trading and copy trading.

Source:

* https://www.fool.com/investing/stock-market/exchange/nasdaq/

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Quote from: Wind_FURY on May 22, 2023, 08:59:48 AM

Quote from: david678345 on May 19, 2023, 03:59:48 PM

What pros and cons do you see when scalping Bitcoin vs. other assets such as NASDAQ.
What assets do you recommend for scalping other than Bitcoin and what platform to use for those assets?

Pros for scalping Bitcoin is volatility. If you're good at scalping then you won't require a lot of capital and/or leverage when you trade.

Cons, it's also volatility, but just for plebs like me, or us? If you're a good scalper it will be good for you, if you're not, it will be a vector that will cause you mistakes.

When we do talk about scalping, then this is something that not all would be able to do so because actually scalping on a volatile market is really something a huge or almost close to impossible for someone to leanr
in a short time.This is why we dont usually see those traders who do love to play with those movement but there are actually ones who are really having that kind of method which not everyone could able to learn on.
Even myself did make out some try on scalping on 5-15m timeframe which i do end up on being that impulsive yet i couldnt handle out my emotions on just seeing those candle sticks who do rose and goes down on a very active manner on which i could say that TA wont really be that much precise on this one. Therefore, i have decided not to deal with this because it is really way too risky
and this is the fastest way on blowing up your account if you arent really that good on this one.

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Quote from: david678345 on May 19, 2023, 03:59:48 PM

What pros and cons do you see when scalping Bitcoin vs. other assets such as NASDAQ.

Both have many pros and cons since if you go for scalping Bitcoin you will get the better accessibility because when ever if wanna do this you can do this. Which we can't do if we go to NASDAQ stock market where there are specific times for trading. But if we talk about the liquidity of market then the stock market will run ahead of bitcoin.

Quote

What assets do you recommend for scalping other than Bitcoin and what platform to use for those assets?

In my opinion, obviously, it should be bitcoin. And the cause of it's vitality which can bring a big profit on the time of bull season. Even then the security and accessibility for all are also a big cause for me. That's why my recommended asset will be always for bitcoin rather than go to stock market.

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