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

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.

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.

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.

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

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.

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.

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.

       -  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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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


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/

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.

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.
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.

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.

Pros: Like other pros in bitcoin trading, as bitcoin is too volatile scalping could be very easy and profitable but still depends in your skills, risk management strategies.
Cons: same like any crypto trading, volatility as it could be a pros, it could be a cons especially in a bear market. But for todays market i guess you could be fine just still depends on your trading skills.

You posted in the wrong board, perhaps that's why you are not getting the required responses in time. Move topic to Trading discussion board.

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

1. Bitcoin and other crypto assets are more volatile, makes scalping easier
2. Bitcoin and other crypto markets are always open regardless of the time or day, unlike stocks

cons:
1. Volatility can also drain your account in minutes if you don't have a good risk management strategy.

it's possible to traded NASDAQ on bingx. Bitget/ No

But do you see any NASDAQ trading pair?

NASDAQ can be trade on Bingx

NASDAQ is a stock, bingx and bitget are crypto exchanges. If you want to trade NASDAQ then you proceed to the exchanges or brokers that deal with the US stock market and one of them is etoro. ~> https://www.etoro.com/discover/markets/stocks/exchange/nasdaq

Better not to scalp bitcoin, best approach on it is to go long term just as what you might do with nasdaq.

Just visit these lists:
https://coinmarketcap.com/rankings/exchanges/
https://coinmarketcap.com/rankings/exchanges/derivatives/

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.