Snike Posted August 9, 2019 #1 Posted August 9, 2019 So a few days ago I got like 40$ in bitcoin and I was wondering if its even worth trading bitcoin anymore. When I say trading I mean like daytrading, no longterm stuff. The bitcoin prize is soo crazy with its jumps that I dont even dare to put my money on it. It takes 1k $ drops in prizes and jumps up days later. And taking the high prize of bitcoin in focus, is it worth to buy bitcoin right now and hope for it to raise its worth even more? I dont think so, do you?
nattekut Posted August 10, 2019 #2 Posted August 10, 2019 @Snike I am trading crypto for a living. It is always worth to trade crypto. And certainly day trading. You can make tons of money no mater how the market is moving. a day trader or scalper can make money in any market, wether it is a bull or bear market. And if you trade smart you can in some way exclude the volatility of the market and protect the $ value of your portfolio. thats what I am already doing for 4 years now. I also started leverage trading since 4-5 months and even when some say that it is gambling you can make nice profits with only a small amount of cash available
Etude Posted August 11, 2019 #3 Posted August 11, 2019 As long as Bitcoin has value I am sure trading it is definitely worth the time, effort and investment to do so. Bitcoin are the type of things that professional traders make a living out of daily.
djonox Posted August 11, 2019 #4 Posted August 11, 2019 The bitcoin fluctuates a lot but remains a value for trading after I understand your concern about fluctuating port one of the big investor said that for him in 2023 the bitcoin will have increased in value from what I read of one of the great information site on crypto
Kate Posted August 12, 2019 #5 Posted August 12, 2019 Yup it is gotta tell ya and it is also profitable but time consuming because one small dip and you could be in neutral or in a loss thats why always be awake for a long time if you are a trader.
Enzo Posted August 12, 2019 #6 Posted August 12, 2019 I definitely think it's still profitable/worth it. I think if you have a good intuition for the way the markets gonna go you could make some very profitable calls as far as when to sell/buy. I don't know if there is a more profitable coin to day trade at the moment tbh.
AlexaaaMaaay Posted August 13, 2019 #7 Posted August 13, 2019 On 8/10/2019 at 6:04 AM, Snike said: So a few days ago I got like 40$ in bitcoin and I was wondering if its even worth trading bitcoin anymore. When I say trading I mean like daytrading, no longterm stuff. The bitcoin prize is soo crazy with its jumps that I dont even dare to put my money on it. It takes 1k $ drops in prizes and jumps up days later. And taking the high prize of bitcoin in focus, is it worth to buy bitcoin right now and hope for it to raise its worth even more? I dont think so, do you? Cryptocurrency trading is very high risk compared to other investment instruments. In my opinion, if you really want to boost your profit big time, you should treat more like a day job and your night job. If we'll be talking about the roi it can give, crypto trading is very worth it. Just want to share this blogpost I saw https://noahcoin.org/blog/statistics-that-make-cryptocurrencies-worth-considering/ may this could help.
Mateusz Posted August 13, 2019 #8 Posted August 13, 2019 If you use lever then if you are good in predicting you can make some nice money out of it, and bitcoin likes to dumps and pumps alot so if you are just patient enought it might work for you, but most people say it's 1 way trip to lose all your money
Snike Posted August 13, 2019 Author #9 Posted August 13, 2019 On 8/10/2019 at 7:57 PM, nattekut said: @Snike I am trading crypto for a living. It is always worth to trade crypto. And certainly day trading. You can make tons of money no mater how the market is moving. a day trader or scalper can make money in any market, wether it is a bull or bear market. And if you trade smart you can in some way exclude the volatility of the market and protect the $ value of your portfolio. thats what I am already doing for 4 years now. I also started leverage trading since 4-5 months and even when some say that it is gambling you can make nice profits with only a small amount of cash available When you're talking about leverage trading. 1. Which professional exchange or trading site lets me do that? 2. What would be a good amount to deposit in the exchange, 10$ 50$? I'ld love to talk further about this. I'm super interested in day trading especially like leverage trading!
chankhoreID Posted August 13, 2019 #10 Posted August 13, 2019 in my opinion it's better to hold it first because it's possible that the price of bitcoin will break at $ 12000 next year or at the end of 2019 and there is no need to trade and only hold it until the price goes up and you can sell it according to the price you want I feel no problem to hold bitcoin because bitcoin is a coin that has the potential to be invested and is worth holding until next year. consider it your savings for the next year, maybe the price of bitcoin can pump very high.
williamshennie9 Posted August 14, 2019 #11 Posted August 14, 2019 The problem is that nobody knows what will happen to the price. So trading is very similar to gambling in a lot of ways. Sure you can analyse the charts, you anything is possible.
BLXN Posted August 15, 2019 #12 Posted August 15, 2019 Gambling has been likened to trading - and most traders would agree, if not all -- however it is said that one is an informed risk, or ought to be, wherein the other is entirely volatile and unpredictable. Being somewhat poor I shy from trading though if I had more to risk I might indulge.
wowa24 Posted August 15, 2019 #13 Posted August 15, 2019 doubtless try trading in small amounts, maybe this is your fate and you are a good trader, if you like it, gain some experience and you will undoubtedly start making considerable amounts of money on cryptocurrency
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