Community post
Crypto Day Trading - Do or Do Not?!
I am sure all of you were a little nervous the last few days with the huge slides, but thankfully things have begun to rebound. I was able to pick up some of the big three when they were towards the bottom, BTC was under 10k!
My question to you is, do you think it is worth it to day trade or would you wait until prices are more stable after the upswing? I think there is definitely money to be made day trading, but I am afraid of taking a small profit and missing out on a huge upswing behind a big announcement. (EBay accepting BTC, etc)
Thoughts?
Replies (7)
@originalworks
I think crypto day trading is a great way to increase the amount of coins that you have and when it goes up it turns into profits.
Resteemed by @resteembot! Good Luck!
Curious?
The @resteembot's introduction post
Get more from @resteembot with the #resteembotsentme initiative
Check out the great posts I already resteemed.
The @OriginalWorks bot has determined this post by @bigguyandrusty to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
96% of daytraders lose.
Why will you daytrade in a winning bullmarket?
That's what I am trying to figure out, I was day trading Ripple and missed out on a $1.50 upswing. It's fun but you're right, with the overall bull trend it's not worth it.
You can def make money! But the question is would you make more on a buy-and-hold.