I heard bitcoin day trading is like a taboo, but I'm wondering why, bitcoin has been going up and down drastically which I'm guessing is due to dumb people thinking bitcoin is gonna die from a little downhill and investors and traders fucking it, but we all know bitcoin is never gonna drop and stay too low, so 2hy is day trading bad? Is it because it makes bitcoin which is supposed to be a currency more of a stock or am I too ignorant on how bitcoin works
So I have been watching gdax very closely for a few weeks now for hours a day. I have came to the conclusion that it is predictable in the short term. You can see when the price is going to drop and rise with sell and buy walls. The volatility makes it profitable. Does anyone day trade bitcoin here? Any pointers?
Bitcoin day trading - 25 minutes too late song parody.
Hi, I'm new to cryptocurrencies. I made a parody about the slow speed of bitcoin transactions based on the song '25 minutes too late'. I originally posted it over in the bitcoin reddit but I don't think they enjoyed my humour there. Anyway, thought I'd share it here for fun and kicks: https://www.youtube.com/watch?v=5wADl0UnKQY Hope you enjoy, Granimms.
[uncensored-r/Bitcoin] Bitcoin day trading after correction is incredibly easy
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It may not be easy to predict the peaks and valleys, but when it's low, it's bound to go back up. I've been doing this a few times after each correction and easily make a few fractions doing this
[uncensored-r/BitcoinMarkets] Bitcoin day trading in bulgaria
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Hi, is it necessary to create a company in bulgaria when you daytrade, as a full time job, bitcoin/usd and bitcoin/crypto pairs, or can you just report throught your personnal name and pay 10% tax thanks
[uncensored-r/Bitcoin] Any Bitcoin Day Trading Discords or Slacks to join?
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The E-Coin example is why it is important to understand that day trading Bitcoin and other cryptocurrencies will not always go to plan. You have to be able to accept losses when they happen, as this is a part of trading. Even the most successful traders in the world make losses, as it is impossible to always make the correct prediction. Whether you were day trading bitcoin in 2015, or day trading it now in 2017, consider using the on balance volume (OBV) indicator. It utilises an intelligent combination of price and volume activity to tell you what is the total money flowing in and out of the market currently. Before day trading Bitcoin or any other alt coins, it’s also important to check how liquid the cryptocurrency you wish to trade is. You can do so by simply verifying the 24-hour volume of the crypto trade. CoinMarketCap is a good free resource to read and gauge the market volume of any particular coin. How To Day Trade Bitcoin. Of course, this heavily depends on your trading style. One thing is for sure: day trading Bitcoin doesn’t necessarily differ significantly from trading other assets or securities. Most Bitcoin traders rely on EMAs, Fibonacci, RSI and MACD, support and resistance levels as well as candlestick analysis and volume. Day trading cryptocurrency has boomed in recent months. High volatility and trading volume in cryptocurrencies suit day trading very well. Here we provide some tips for day trading crypto, including information on strategy, software and trading bots – as well as specific things new traders need to know, such as taxes or rules in certain markets.
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