Topic: scalping Bitcoin vs. other assets - page 2. (Read 435 times)

Let's just say that in the early days when bitcoin became  established it was volatile to the extent of being compared to the likes of NASDAQ, and for traders that love volatile assets this can be a pro, but today I think its safe to say it's less volatile and other users will find it more attractive to invest in as its much more stable than back then .

There are several brokers out there that offer crypto trading and to some extent is dependant on one's location.

Other assets besides  btc(crypto), well lets just say I find currencies enjoyable to trade like Euro/USD, Aud/USD as they  are less volatile.

Isn't perpetual futures trading for crypto on platforms like bitget??

The basic question really is "what are the pros and cons of scalping on different market types and volatility", but as far as any asset has a trading leverage setting they hardly differ from each other in terms of risk and profit. Well, scalping itself has pros and cons which must be adjusted to your capabilities.

You can use options for scalping BTC. They are much more volatile than BTC itself, making them well suited for scalping strategies.

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.

The pros of Bitcoin scalping are much higher than its cons. The first pro of Bitcoin trading is its volatility, and if someone masters that thing then Bitcoin scalping can be very profitable for that trader.

Another pro of Bitcoin for scalping is its huge marketcap, because even though it's prone to volatility but due to that big marketcap, its price can't move with a single persons command and thus it works best for scalpers.

A simple con of Bitcoin scalping is the news trend and that thing can sometimes work as a disaster because the news can move the market so quickly that even well strategic, and best planned trades can go wrong.

I recommend you to find some good altcoins for scalping as they might be better than Bitcoin for scalpers. I recommend you to do scalping with ETH, LTC, BNB, and other well known altcoins with good marketcap and huge ecosystems. I won't recommend you to trade the pump and dump altcoins for the purpose because they can be really harmful for your capital.

I won't recommend you that copytrading thing because it's not a good choice to follow someone blindly. The other traders that you're copying might be the cause of huge losses for many traders who copied their trades. It's always better to learn trading, and specially if you want to do scalping then learning the concepts of trading is a very important thing.

Scalping bitcoin or other crypto is a headache for me because of its volatility. If I want to trade it, I may use 15m or 1H time frame.
Any broker will do trading Nasdaq however I am not yet familiar with copytrading and following other trader's analysis. I won't recommend it.

By choosing other asset or instrument and platforms, always consider the spreads specially if you are scalping.
Other than Nasdaq, you can have Us30 Dow Jones, Us500 S&P 500, you might also want Gold and US Oil if you want the volatility.

First, this topic should be under Trading discussion, not Speculation, you might want to tell the moderator to move it for you. And as for your question, Bitcoin and NASDAQ could be traded in any way possible, it depends on the trader's style, and the trader must know the assets moving power to be able to ascertain the best strategy that fits them.

Bitcoin is less volatile in most cases compared to NASDAQ which is often excited. This translates to how best a certain scalper enjoys their scalping whether it's with a slowly moving market or a volatile one, the choice is yours.

I have never tried to trade scalping other assets and only use crypto. During this time, before I scalped, I would keep an eye on the market conditions and if a Bitcoin trade had a good move, be it up or down, that could be the time to trade.

But sometimes, some altcoins can also move well and be used as scalping trades but that must be analyzed further to find the coins. Scalping trades are not easy because, in addition to price movements that have to go up and down as often as possible, we also have to prepare a certain amount of capital to start.

And this scalping trade can be prone to high price traps because it could be that after we buy, the price will immediately drop to the bottom and stay there for some time. If this happens, we have to wait until the price can go up and give us a profit. That is why this scalping trade is also a difficult trade for beginners.

Scalping is basically very short term trading. Basically you enter a trade and you leave in 5 minutes or like an hour. Usually it’s a type of day trading. You do it to make as much money as possible with least amount of risk because your stop is right.

Basically you buy ETH and use a $1 stop from entry and if you are right you get out at 5-20 moves on ETH. But you normally use high leverage for this since your stop is very tight.

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 this will depend on your preference or knowledge and skills about the asset and the availability of suitable opportunities.
Another factor also is the platform that you've been choosing and how reliable it is.

For Bitcoin, as I said if you have a good knowledge of it then, there's an opportunity to make a potential profit by scalping since due to its volatility, Bitcoin can deliver quick profits if the scalping strategy is executed effectively, that's the pros on it.
However, the cons would be the volatility of Bitcoin can work against scalpers, as sudden price reversals may lead to significant losses if not managed properly.

That's why many people prefer Bitcoin investment for the long term, not the short term, and purchase it by using the DCA method which is a nice move.

Scalping is actually great if you know what you are doing and have good risk management discipline. Different scalping technics also work well in sideways markets, and Bitcoin market has been about that lately.

The biggest problem to me with scalp trading is the screen time, It takes a lot of time and maybe the trading fees, they become significant if the leverage is so high with the take profit set on small price movements. For the screen time problem, I think it's much better when one has a scalping bot set up.

I don’t think scalping is a good idea in any way, shape or form. I don’t think short term trading aka day trading is a good idea. It’s the best way to get burnt & end up trapped on the wrong side of a trade.

My advice is boring but effective, you should buy & HODL. Patience will always reward you.

I won’t suggest Bitcoins for scalping. As scalping is done to make quick profits in short amount of time, but Bitcoins are specifically best for long term holding or trading. If you want to do scalping then choose a coin which have high possibilities to give you profits. This also signifies that with high profits high risk of getting losses also come. So if you can handle the loss, then go for scalping altcoins whose price increases or decreases a lot. Bitcoin scalping won’t give you desired amount of profit.

There is no difference, if you want to scalp bitcoin then do it, just make sure that you know how to do it and you can obtain profits with it, however I will admit that scalping is not really up to my liking as you need to set tens or even hundreds of trades in a single day and to me that is simply too much.

As you are spending a great deal of time and money for a very slight increase on the profits you can get, while at the same time this increases massively the number of taxable events, something which is not a problem for those which prefer to hold their coins for the long term, and depending of the place where you live you could even gain a tax exemption if you hold for long enough.

Thanks.

There have been investors in the other markets that have been trying to get into Bitcoin and all they want is to trade and not to do what most are doing which is holding. There's a difference between doing it and having the transition that one has to make for the adjustments. It's true that those other markets are lesser in volatility but sometimes, they're also as volatile as Bitcoin. But it's interesting to wait what OP has to say on this one if he comes back.

Comparing Bitcoin scalping with assets that are not crypto is quite different, The volatility alone is different.
There is no faster fluctuation than crypto. If you compare Scalping between Bitcoin and Altcoin, it will match and can be compared to which one is better.

NASDAQ assets will not have price fluctuations like Bitcoin, more likely to run slowly.
But if in crypto such as Bitcoin and other altcoins, it has high volatility, with a larger number of transactions, thus providing fast profits on scalping.

And you also said that you do Copyrading, this does not match what you will do.
Scalping does not use any copy trading, it is a manual method of fast trading, utilizing every market movement to make quick profits.

Bitcoin over other assets? Difference is with the rate of increase. One is having a higher one but with higher risk while the other is the counterpart, most likely. This will now be depending on investor's preference. As we all know, higher risk means higher profit. But bottomline would be if you can endure the negative outcome from biting high risk. If you are into less risk, but lower returns, then stock and other assets such as in the field of real estate. It is for me, generates a more assured profit but for a longer period of time of waiting for return. Some investors are looking of instant profit which pushes them to go beyond their loss tolerance or the amount they can afford losing.

If you really want to trade the nasdaq 100 then you should open a stock brokerage account like Robinhood and trade it there. It will be much much safer since your funds are insured. If you need some leverage you can get 3x margin or trade the leveraged ETFs. If you want to go degen then you can always trade the options for nasdaq.

In my option trading crypto is easier because there is more transparency. With stocks you are going against very large instititions that have more knowledge and money than you. Hence it’s a lot harder to make money that way.

The obvious pro is that Bitcoin is generally more volitile than other assets, so whether long or short, there is more money to be made than traditional stocks, or alternatively lower leverage is required to get the same gains you would need from traditional stocks. Then the obvious con is increased volatility generally means less liquidity and therefore a less predictable market (at least on short-term time-frames).


You could try some of the bigger cap altcoins, because generally they are even more volatile than Bitcoin, but again the risk of that this comes with a much less predictable market due to less liquidity.