RE: Cryptocurrency Bitcoin Day Trade BTC Tanks, DASH, Litecoin LTC, and Etherum Rally

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Cryptocurrency Bitcoin Day Trade BTC Tanks, DASH, Litecoin LTC, and Etherum Rally

in cryptocurrency •  7 years ago 

That's good. I wasn't saying that I doubted you or thought it was impossible to make money daytrading. It is easier with crypto than stocks thanks to the increased volatility, but I have seen too many people miss out on %50-%100 gains on a particular coin because they were trying to day trade up another small profit.

Trust me, I know money can be made. I tend to not always "practice what I preach" when it comes to not making trades. I know that if I just buy and hold some of my favorite projects for the long run that it will work out, but the lure of easy and quick coin pulls too strong sometimes.

I will check out your trades and advice and maybe even allocate 0.1BTC towards tailing you to see if I can do something.

I followed/sent a good upvote. Keep up the hard work on Steem too!

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Yeah but those coins that go up that far almost always come back down. I'd say the probability is 80% If you're not there and prepared to sell, you just end up where you started. The odds of a long term holder being on the spot are pretty low.

Most people don't have the time. I'm disabled I can't walk anymore so i have nothing but time. For most people I say "Just buy some bitcoin."

I'm not giving advice, I'm documenting my trades, and sharing some of my tools. I haven't recommended anything, or advised anything. I just post what I trade as I trade it, and my thinking. Sometimes a chart if I'm feeling generous.

oh yeah, thanks for the tip! Here's a link to the trade disclosure for this position (my am/pm notation may be off i'm kind of sloppy that way...): https://steemit.com/cryptocurrency/@lensman/cryptocurrency-bitcoin-trading-position-changes-changed-back-up-position-out-of-bitcoin-to-alternative-coins-that-go-up-when-btc