/biz/ - Business & Finance

>>2857739
No, no one makes money here. We do it for fun.

>>2857739
correct. unlike the stock market, it's impossible to do any fundamental analysis because many of the coins have underlying value or current real world usage. the prices of the coins are greatly inflated due to speculation that crypto will see widespread adoption in the next couple of years. even if it does, only a handful of today's current altcoins will survive 3-5 years. right now, price fluctuation are based off of random pump and dumps that are impossible to predict. the people who have profited here are likely people who bought coins in march-may.

made money daytrading status and unbreakabke yesterday got a little to fancy and tried trading the smaller dips but its hard and i should of walked away sooner

I have turned an initial investment of $100 USD into $107 USD day trading crypto. I'd say the math speaks for itself.

>>2858082
so you wasted your time.

>>2858124
I've been doing it for a week while I work. Made $900 wagecucking during that time. $7 earned is still $7 earned tho.

>>2857739
I can't seem to time the market, what % gain do you guys usually take?

>>2858026
>got into crypto within the last few months
>>2858124
>missed the joke
>>2858157
>jesus fucking christ
just kill me now
this board is full of nothing but retards and suckers

>>2857739

I put in $18 last year, bought some servers and stuff with BTC to be anonymous, traded the leftovers, and now I have $263

>>2858157
It's basically gambling. If you make 10% on one coin, there's a chance you'll get caught in a dump and lose 20% on your next purchase. I wouldn't advise doing it. You'll have better luck if you choose a handful of coins that have long term potential. Research the development team and the progress that they're making. If their work isn't shit, there's a good chance that the market will realize it and you'll make money. Always read news on your picks and buy/sell as needed. It's better to choose a handful of coins that you can research continuously rather than 10 coins that you don't know anything about.

Don't index or daytrade.

During a single day? Only small amounts periodically - i.e. between $60-$100.

>>2858172
what do you honestly expect from 4chan?

>>2857739
it's only gambling if your dumb

>>2858199
Lol, just because you can't do it doesn't mean other people can't do it.

>>2857739
kek

>>2858318
>implying you can do it

it's gambling nothing to argue about that

well during april and may, the gains made during short-term trading were incredible

no effort needed. just buy whatever shitcoin caught your eye, hold for a few hours until it went up and sell. it was automatic, $ hundreds every day no matter what.

now you actually have to try though...and the success rate is much lower. i pray those days return.

>>2858223
I've been here since 2007. It used to have a bunch of intelligent slackers having a good time., but now it seems to be nothing but genuine fucktards as far as the eye can see .

in my limited experience, I think this is the GOAT strategy:

Invest the most in the top steady (relatively speaking) coins that you believe in. When they dip, instead of panic selling, buy the fucking dipo and continue to hold. If I would've followed my own advice months ago I would've been sitting pretty now.

Set some play money aside and invest in shitcoins/memecoins that have a chance to moon. You need to treat it like gambling and be ok with losing that money

>>2858364
well. fads come with tards.

>>2858364
Its really sad... I've been here since 06 and the site has gone to shit.

>>2858364

I started in 07 as well. It saddens me both to see what the site has become, and to still be here 10 years later.

>>2858331
This is how fucking newfags cope when they can't time the market lol

The fucking trick is to think "ok...what will everyone else do?' "ok, now that everyone else is gonna do that, what will the whales do to counter that?" "OK, now that the whales are going to do THAT, what can I do to take advantage of that situation?" And you win.

It's all fucking accumulation - distribution. Not hard.

>>2858585
it's still a waste of time for most people here since they have like ~100 dollars worth of btc.

If you're willing to keep your margins really really low, it's possible to make some.

>>2858563

>>2858585
I've made over 80k from cryptos. Any market with this sort of volatility is gambling, trying to convince yourself otherwise is baseless.

InfluxCoin (INFX)
&
Boolberry (XBB)

Both Ready as fuck to be pumped
If you want some quick gainz
easily going 40-80%

They get pumped all the time and its happening again soon, very low risk.

youre welcome anon.

>>2858852
Check it out on BITTREX

it is gambling.

Listen, most people here are fucking NEET faggots living with their moms who are serial fantasists and like to pretend this is a real job that is earning them a real living.

its bullshit. There are only two coins in all of crypto that have real value and use, and a few others that *might* have value in the future, the rest are fucking bullshit.

there is no "trading" other than dickheads patting themselves on the back for turning $5 into $6.

The only investment strategy worth pursuing with crypto is researching, selecting and investing a significant sum of money into something you think has a future, and then holding on for dear life, despite all the FUD bullshit that will surely be thrust upon you by these neurotic neet bastards.

Trying to "play the market" with cryptos is a sure fire way to lose all your money.

p.s bitcoin and monero are the only two worthwhile coins. That's not up for debate, either.

>>2857739
Yes but not on shit days like this weekend.

>>2858879
I'd still say good chance all crypto ends up worth 0 but agree with your points

>>2858879

This is as much as I can gather.

There's Bitcoin, which is a mature and now expensive form of online currency, there's ETH, which is kind of a Bitcoin alternate that might have its niche in its business model but is most likely a meme, then the rest, which are without a doubt 100% memes trying to capture the kind of meteoric success of Bitcoin.

It is trading hot air because literally no one is using anything but (sometimes) bitcoin to ever buy anything

well... are you trying to predict the markets few times every day?

heh

>>2858026
You're thinking too much into this. The reason TA works in stocks in the first place is because normies are predictible and are just downright fucking stupid. We have about 70% normies now in crypto with 30% smart players, while in stocks it's 99% normies.

>>2857739
Of course!

>>2858558
4Chan was never good. Read the rules of the internet and come back after.

>>2858879
>I suck at trading and lost money so dont do it so I dont have to feel bad because I cant.

>>2857739
Yes, got first 2 btc back in Feb. Shitcoins give some massive growth compared to "promising" coins. Granted I'm about 40% in some promising atm, but shit coins..dgb, xvg, bitb, etc (not etc coin) helped out greatly when they pumped up

>>2858879
last time I shorted it went from 800 to 1500

second time I shorted it went from 1600 to now

I holded just a bit to avoid risks as much as possible, still, my timing was on spot

is it luck? was I staking? I hate staking

>>2858879

You're retarded and you're projecting.

>>2858779
I've made a similar amount, and I mostly just hold as well too.

But most trades are obvious. Selling right before big news comes up, buying up certain rumors, etc. is usually really easy trading. Same thing with certain coins developing certain patterns of accumulation and distribution. When you watch the coin, you get a sense for how it behaves after a while because a lot of them repeat the same pattern multiple times.

>>2857739
buy high sell low, it's not rocket science.

>>2858026
>>2858199
>>2858879
>>2858925
Why are people so reluctant to acknowledge that they simply suck, lack the necessary skill or mindset to make steady, consistent short-term gains with crypto? There are always people better than you, more experienced and shrewd, I just don't understand the principle "if I am bad at it, no one can do it either". Swallow down your pride, princesses. You suck.

>>2859280
>>>2858925
>Why are people so reluctant to acknowledge that they simply suck, lack the necessary skill or mindset to make steady, consistent short-term gains with crypto? There are always people better than you, more experienced and shrewd, I just don't understand the principle "if I am bad at it, no one can do it either". Swallow down your pride, princesses. You suck.
show ur gains

>>2859286
That won't make you feel happier at all

>>2859280
I bet these are the same people who don't believe in IQ or standardized tests.

>>2859295
probably because you don't have any substantial gains.

>>2859575
My gains should not concern you at all, jealous fuck. I am wise enough to admit that there are people making way more money than me, you're (apparently) not.

>>2859575
actually anybody did their research and brought the right coin last week, majority of them have increased in profit from 30% to 100% within a few days. For instance, I brought OMG at $0.70 2-3 days ago, and it is currently at $1.25, ATH today was around $1.50.

>>2859616

>"did their research"

Got lucky and made big gains = did their research

Not so lucky and didn't make gains = did not do their research

Just like you gotta "do your research" at the craps table

>>2859616
that's not daytrading
"Day trading is speculation in securities, specifically buying and selling financial instruments within the same trading day"
>>2859595
so you didn't make anything ok.

>>2859625
not really, i've done my research and saw that for short term (news about Thailand branch of McDonald will do a trial with OMG) this could jump up the price

>>2859643
>so you didn't make anything ok.
I make good cash with my arbitrage bot.

>>2859651

And if it doesn't you aren't going to remember that, it'll be confirmation bias

The truth is there is a preciously small amount of news or activity directly affecting the status of most of these meme coins so you have nothing tangible to use as a predictor, it's just market chaos

Even Bitcoin is barely used in practice, the rest of this shit is a literal joke

I was writing a nice and long post of how I making money daytrading coins and then I tapped
unintentionally the Escape key going my post to hell.

Well the tl;dr was, don't trade shitcoins, only serious coins like ETH, STRAT or XMR, wait for dips, you have to know very well the prices of the coin to see how much it can dip and how much it can moon before it crashes.

>>2859672
>so you have nothing tangible to use as a predictor
Wrong. You can use volume and trade history indicators.

>>2859643
Well this is more like short term investment, if I really want to do day trading, I would do it on meme coins with really active trades or those that are really hyped up. Just based on these condition I can probably make like 2-3 set of buy/sells

>>2859694

They are virtually useless with this kind of volatility

it is betting

and what makes it worse is that everyone involved is simply betting, which adds to the volatility

not like company shares that have long term holders and actual profits/announcements associated with them

>>2859695
I'd call that swing trading. Day trading is about high-volume coins like BTC and LTC. When trading meme coins, you generally use different indicators (like buy/sell walls)

>>2859710
I have no interest in convincing you in anything at all. Talking about sudden spikes in volume, buy and sell walls and how they affect price growth, no. All I can say is this: stay poor

>>2859725
The thing is cryptocurrency trading have a whole new set of style as compared to stock trading. Though thanks for the correction on the swing trading.

>>2859744

Sure you do, you're a few posts invested. The least you can do is post your portfolio and gains to back up your assertion

>>2859575
someones a bit salty

>>2859762
Do you really want me to unravel my exact arbitrage pairs and create competition for myself? The point is, I am not claiming to be the richest or most successful crypto trader out there. I actually know that some guys are making really crazy gains, and I'm nothing in comparison with them. The problem with you, nocoiners, is that you fail to admit it. You can't acknowledge that some other people (and I don't mean myself) have the experience, skill and mindset to make huge gains.

>>2859791

You aren't capable of ridding yourself of that delusion. There are some people making real bank because they invested and invested early and held. Trying to create a day trading science out of this chaos however is insanity as it stands.

it's only gambling if you think other people's behavior is a dice roll
the only people who struggle with this seem to be the retards who see green and expect it to keep going up

>>2859806
No, I don't mean the early investors. I actually mean day traders and swing traders, as well as bot coders. Sorry, you're an idiot, you just can't admit you're wrong, and you keep telling yourself that bullshit to keep your ego afloat.

>>2859823

I don't think you 100% believe what you're saying and your insecurity is driving you to try to convince yourself """"someone"""" is making sense out of the market and making consistent daily gains out of it

>>2859837
I make consistent daily gains out of it, end of story. And I know for a fact that other people make way, way more than me.

I'm having fun trading BTC/USDT, but I might quit buying back in if the FUD starts to keep BTC below 2800

>>2857739
i made $0.70 with 1000 DGB during this mornings p&d. before commission...

Even if you just get in and out during pump and dumps, which is risky, you can make a nice small profit, you have to be very careful though. They happen everyday, check the smaller exchanges.

>>2858082
>buying high and selling a little higher

I don't think you realise how this works, anon

>>2858283
>your

>>2857739
I try to daytrade but honestly I don't see the patterns yet

I buy into the super obvious dips, but then it usually takes a couple days before it's actually profitable. Not sure how people make a profit in a couple hours.

Younger people don't really get it. There is no magic trick, TA is not the silver bullet.

Ever wondered why Buffet never day trades?

TA is based on the past, the past holds no relevance for the future.

Even if we say TA does work you will still run into unpredictable elements like hacks, bad news, market manipulation. And so on.

I will buy and hold, which makes me profit while I let daytraders gamble their money. Best of LUCK

>>2860640
day trading retards, jealous of the holders makin bank just sittin with their crypto. too bad you TA fags can't go back in time and buy BTC when it was 1k or lower, huh.

>>2857739
I made $40 from mining and trading with no initial investment other than my time. But to be fair $20 of it was from dice and $10 from mining (:

>>2857739
BYOB opie. BYOB.

>>2857739
>TFW you are a successful daytrader but you wreck your gains by drunk-trading at night.

>>2860640
>Ever wondered why Buffet never day trades?
Because he's got a huge amount of capital which has a different rule set and he engages in insider trading and fucking lies about it, you naive fuckhead?
>liquidates fox
>oops the ceo had an affair and the stock tumbled lmao
>huh jee wiz that was just long-term strategy and basic fundamentals, goyim :^)

>>2860884
kek

>>2858283
Don't listen to this >>2860037 guy, I liked your post

>>2858925
ETH was never designed to be a BTC alternative and I hate when people say that it is. Also ETH is a shitcoin.

>>2858364
Been on other boards mostly, but I concur. Since 2010 and specifically the election, shit is weird. I wish I had come here earlier. I recall in 2014 gettingnsome solid advice on my 403b and index funds. Now, I feel like there is no one to trust, or even gives half a shit to be quite honest senpai.

>>2858391
This.

It seems to be mostly about not being greedy.

I've tried it a few times with limited success. I was expecting big moons - 2-300%. I lost a little a few times then quit. It would go up but not emough. Then it would come back down (and then some, sometimes).

Today I took a new approach after watching some videos. They all seemed to mostly focus on small gains many times. Made 2.5x my tiny investment over a dozen trades.

>>2860884
all my gains were always lost when I tried to trade past 4am. damn, that's a bad idea.

otherwise, making 2-10% on smaller trades is totally feasible if you're smart. Be smart, don't fall for FOMO.. seriously.. don't buy in high ups, only in dips, watch the larger charts, see what the real trend is, whether it's pumped to be dumped, etc...

I bought 5 bitcoins back in 2014
Should I cash out?

>>2862224
no, hold them at least until 2020

>>2862184
What videos, if you don't mind my asking?

>>2860826
WTF is dice?

>>2857739
Not exactly day trading, but still short term.
I bought the dip on sc and bts and made 60% returns as of yesterday when I cashed out.

>>2859837
Lol, you just don't like the fact that daytraders are cutting into your potential gains.

Markets can be predictable but you basically have to be watching your coins like a hawk.

There is one coin I've made major money on. Not day trading, but by making big moves and the right times. Last buy order took almost 2 months to fill after I sold an ath for about 900% gains. Then the crash came and my buy order filled. Just sold again for 100% gains. Going to rebuy soon after a small correction and ride this thing higher. This trading style requires patience and confidence. Confidence is gained by being fairly intimate with the coins charts. I usually operate on daily charts. 4h and 1h as well but daily informs my big moves.

>>2858201
>During a single day? Only small amounts periodically - i.e. between $60-$100.
It depends on the amount you have invested m8.
This is why we're talking with percentages most of the time.

When I day trade at work, I make like 4% a day on a single currency. (Usually STR/XML).

And 4% of 10k is 400.

>>2862063
>Since 2010 and specifically the election, shit is weird

>>2858899
>I'd still say good chance all crypto ends up worth 0
It's my biggest fear tbqh senpai.
Nothing is more fierce than a jew losing money, wait until the central/world bank take an interest in crypto, or the IMF/UN says it's used to finance terrorism and make it a death sentence/99% tax rate if you use it.

It can happen pretty much any day, and everything will be worth a fraction of what it's worth now, and will never go up again.

It's impossible to day trade and succe----.

Pic very related

>>mfw they realize it is possible

>>2863013

>>2857739
lmao half of the threads here are people like you who want reassurance for not being able to make money XD

sorry kiddo, keep at it maybe you'll get better in time

Yea, I really enjoy all these smug day trading retards making massive gainz feeling like they are on top of the world and then that 1 mistake comes.

That massive drop out of nowhere, they just lost all the gainz they have been working for.

Sweat breaks out on their foreheads. Oh shit, it just dropped 30% in 5 seconds because of some whale dumping.

Maybe if I just wait for a bit, whale continues dumping his bags. A few moments later the price has more then halved.

They then cut their losses and think what went wrong.

Only winners in day traders post. Losers don't want to fess up on their mistakes.

>>2863546
>They then cut their losses
Who is stupid/weak enough to not hodl?

>>2863546
>trading shitcoins
Found your problem

https://youtu.be/bRCtBRsLPmk [Embed]

Watch this video to see rationale behind trading. Essentially, you can trade in a fashion that minimizes downside, but maximizes (or unlimits) upside. You see this rationale behind many different derivative strategies, options come to mind.

Trading trend, or buying the dip and selling the peak does work (vice versa for shorting). All the time? Of course not. But if max your upside, limit downside, while taking sensibly sized trades, you're gonna keep yourself in the game long enough to eventually make significant amounts of money.

Hedge funds will often use this rationale too.

>>2857739

You don't predict the market OP, you combine a range of tools such as fundamental, technical, sentiment and market history (back-testing) together to rationalize a optimum position which yields optimum risk/reward. Together with risk management I am able to keep a log of wins/ loses and adjust my strategy to maintain a consistent trading routine.

It's not gambling OP, it's an art, seriously.

>>2863634
This.

Adding to this: Fundamentals are the basis. But TA will help you in being systematic with your entry and exit points. Why is being systematic important? It allows you to know what works best, in certain scenarios, and what doesn't. You can improve on the rules you follow when you act in a systematic fashion.

>>2859082
Your graph sucks. y-axis at zero next time.

>>2857739

> I feel like predicting the market is near impossible

> dip, bounce, dip, bounce, dip, bounce, dip, bounce

Yeah you have to have a PHD to predict what shitcoins are going to do after a dip.

>>2863710
dip harder and crash ?

>>2857739

the true path to wealth is finding good alts and HODLing

https://globalhaloblog.wordpress.com/2017/07/24/vetting-alts-and-finding-moonshots/

>>2859013
this ffs

>>2863759
Look at literally any chart with a 24 hour volume over 100BTC, there are literally none that just go down, down, down, down unless there is some catastrophic news.

ETH would be a great example of this. You can make so much money from the crash.

>>2863768

You are the hero /biz/ needs but does not deserve

May you be blessed with 100k

>>2863768

Seriously that's a great read, allowed me to step back and gain a new handle on all of this.

>>2863759
Options to help you out when this happens:
1. Stop loss

2. Net long position (you could add to your shorts if it dips below your entry point) - You could also consider a Reverse stop order instead of this, but be aware of stop-hunters who intend to target areas they suspect of harboring stop positions.

3. Staggered entry. Spread out your buying to try and capture the full extent of the dip.

you can put 1k into a dip of something with no long long term future like Dash or Zcoin at night and set the sell at a 5% raise, i.e. wake up with 50$ gain.
It all depends on how much 1k is to you. If your calculations are incoreect and you don't want to sell at a loss, the 1k may be bound for a month or so.
That's capitalism for you. It's all about what amount you need to make 2% of ut a relevant gain. If you got huge capital to begin with, you can use it for proper gains (8k a month, say)

>>2863817
8k per month in Euros that is, i.e. good department manager wage in Germany, say.
Mind you, there's almost 50% tax on that either way

I was able to turn 60$ initial to 800 on bittrex. The strategy that I used was sort markets by %change, looking at the worst ones. Then look at the graphs for potential support/resistance lines. If one was present, buy at ask price some amount that I am comfortable with (usually like 0.001 btc worth), and set my sell limit to something reasonable (like the most recent high). Either sell everything or get out your initial investment in the sell, leaving your profits in the market for potential mooning. Works pretty well. :)

>>2863861
This is callled contrarian trading, where you expect a falling coin to eventually reclaim its losses. A good chunk of them did go up, but sometimes you do have to hold for a while. Also, dont be afraid to claim 10-20% if it can make that movement. Not everything has to be 100+ percent.

>>2863861
This also works for regular forex markets, as the idea behind them is that they will never crash to 0 and always be sorta like an occilator (unless the country literally dies, but then trading is the least of your problems). Its similar to the "buy the dips" that people say here, just with different coins. Dont stay too attached, and trade away. Hope my strategy can help others. Have fun :)

This "90% of traders fail" idea that gets thrown around is largely stemming from falling FOMO. It doesn't matter how academically intelligent you are, you WILL at some point fall for this. The problem is position size. People fall for it, with too large positions, then get fucked.

It's stupid to buy at any point in time, you must time, and look back to what tends happen. This allows to position yourself well, potentially. Just be careful with your position sizes, and where you place yourself. Try to manage risk the best you can.

You do this and you greatly increase your chances of surviving to make money trading.

I make a solid 3-5% a day...some days up to 40%...biggest loss so far 12%

>>2863943
*It's stupid to buy at any point in time, you must time it, and look back to what tends to happen. This you allows to position yourself well, potentially.

(sorry, I get too enthusiastic)

>>2863955
>I make a solid 3-5% a day
You day trade?
Even a day like today where it's flat as fuck?

>>2863965
bought 1.5 btc of dgb at 600 yesterday....sold at 708...bought back in at 700 and just sold at 758

>>2863965
but be careful it is likely a pump and dump...you could see the whales pull the plug...

>>2863955
Same here, sometimes you get a lucky moon but mostly I stick with 99% positive trades for +3% on each,

do the maths, it's always better to have 20 3% trades than one single 60% trade...

>>2864049
this

>>2863965
Look at UNB/BTC, not exactly slow moving, did one +20% and one +10% yesterday and today.

>>2857739
No. Anyone here who says they make money doing this is a mixture of LARPing and hopeful thinking. They HOPE that they'll start making money soon, tomorrow, or next month, or whenever, so in the here and now they pretend like they are already making money.

The reality is that no one here makes money with shitcoins. If anyone here makes money, it's in /rgt/

>>2864074
not true...nocoiner...

>>2864074
Do you think making money from trading is impossible, or specifically making money trading crypto?

>>2864074
>this is what dumb nocoincers actually believe
I bet that when you see portfolio with +X00% increase, you scroll away to not trigger your cognitive dissonance.

>>2864092
I have the suspicion you're the former, in which case I'd encourage to read my posts, and watch the video to understand why it's possible.

>>2864074

Ay man don't let the collective newfag sentiment cloud your judgment on those who actually know how to make money with volatility.

>>2864093
kek I'm up about 600% on my portfolio and I still fucking do that out of jealousy

>>2863698
it's a one-month chart you pleb
unless this is a joke

>>2863803
>Staggered entry
this

i turned my 0.004 btc into 6.2btc in 2months.
traded over 2000 times.

>>2864516
Does that mean you'll turn your 6.2 BTC into 9,610 BTC by late September?

I started trading since 2 weeks ago and I am now able to make 2% gains daily.

However before I too screamed "fuck this shit, its all gambling, TA is a meme" etc

I am a coder so I wrote my own alarms, bots etc, that helped a lot, also I spend lots of time reading the news about different shitcoins, exchanges etc

Dont forget that for every guy that makes a gain, someone has to make a loss. Get some brains or get reckt

If you can use any method to increase your odds of success to even 51% then it is not gambling. Over the course of a long period of time you will be successful more often and make gains.

People are fucking idiots. The market is not a coin toss of inconsistency.
The market is driven by people and people physically can't random. Their brain won't let them. Anything that is not completely random can be predicted at least a tiny amount.

The ones who are the most successful can predict accurately 70% of the time and know how to protect themselves from massive losses.

Im not going to bother explaining how to do it but it is quite possible.

>>2858199
>find out why x coin is good (x = pivx)
>buy lots of x coin
>tell everyone on /biz/ and stocktwit retards to buy x
>x goes up 200%
>sell x, short x
>tell retards why x is a bad, falling knife
>close short on x, go long
>repeat

>>2858879
>projecting this hard

>>2858879
>there is no "trading" other than dickheads patting themselves on the back for turning $5 into $6.
I do this but with 500 into 600 rather than chump change, how isn't this making money exactly?

>>2864607
Mind sharing me some good resources? Or where you went when you first started out?

https://www.youtube.com/channel/UCkgxz1dmx9AaP3EJz8YYOGA

BTFO. Just consistent daily profits with the proofs...

Next myth please.

>>2857739
making money by guessing the price movement of a digital currency naked in front of a computer what a time to be alive bois

>>2863609
bitcoin is the only non shitcoin

Here is your evidence that some of us do in fact destroy trading crypto.

If you still don't believe me, Idk what to say.

https://www.youtube.com/watch?v=Ud0HPMK4OvI&feature=youtu.be

>>2865343
>making money by guessing the price movement of a digital currency naked in front of a computer
Joke's on you, I keep my socks, my feet get cold quite easily.

>>2865434
OK for the strategy, but what's your trading capital? and how much of it do you keep in BTC vs. othercoins on a continuous basis?

>>2858157
You also have to take trading fees into consideration

>>2865526
I only use 1 to 1.5 BTC. My view is this when it comes to crypto: Cash is king and this market is unregulated. So there is opportunity however, I can see some coins, maybe even majority of coins never being accepted/mooning. Its like the .com bubble.

I'd rather have today in the bank $500 then 'hodl' and possibly end up with less (maybe more there is oppurtunity cost to consider).

At the end of the day what it comes down to is whether or not you want to be holding digital coins on a PC or if you want the real cash in your bank account/wallet.

Cash is king where I live, so btc and crypto takes a back seat. That is just what works for me. Everyone is different.

I don't hold any coins. I just day trade. Literally only in crypto to make profit now, today, this moment. Not dream of lunar orbits and mars trips. Just me.

>>2858124
>7% in a week
>wasting your time

t. puts his wagecuck money on a bank getting a huge 1% rate

>>2865655
I don't hold anything either, my big debate atm is how much do I keep in fiat, how much in BTC, guess I'll have to figure that out in the next months.

>>2864501
That literally has nothing to do with starting the graph at zero. Learn to statistics

>>2865655
wouldnt more than 1btc influence the price too much when dealing with shitcoins?

>>2858970
nice stats you ape

Anyone here do short term trading? Like buying and holding from ~1week to ~1 month.

I dont know much about trading and just got into crypto and im looking for smart ways to make money from it. Just from looking at charts it seems that even some of the coins that arent complete shit make decent gains on a weekly basis.
Even though its impossible to tell for sure, if you look at media/hype/news it seems you can at least make a decent guess on wether something will go up in the next week or so.

I figure if I can invest 4K in a somewhat diversified portfolio its possible to make 20% returns weekly by making smart decisions.
Is this a smart way to go about it?

>>2864516
how did you do it

>>2865188
>if I bet 500 on red and make money how is this not making money???

>>2865943
I typically split the btc into smaller amounts I feel most traders can play with

>>2862794
What should I read to learn this?

>>2863546
You're not supposed to day trade any more than you're ready to lose. You sound like a bitter idiot who didn't follow this rule.

>>2865903
it's a one fucking month chart of his portfolio you stupid fuck, have you ever traded anything in your life? go back to stats 101 kid nobody cares about you, you are not smart or special or unique, fuck off

>>2858026
Hate to break it to you but day trading is the only way i make my money you cunt

I got hooked with the whole dgb hype, was pretty neat, it was easy money and you could predict every single dip and peek

I might not be able to give you a "how too" in all those fancy words but i can tell you that every crypto works basically in the same way just small quirks here and there

It's all in the charts anon, the order book will do you well

>>2866823
kys. You'll never make any money

>>2863628
>one of the only good posts ITT
>ignored

I lost my 'buy during the dip' virginity when I bought ANS for 210k, and then again bought BTC during the bloodbath when it was 2k. I no longer fear those massive dips, I look forward to them for adding to my portfolio at bargains.