how to day trade bitcoin?

onlinemarketer12 said:

You seem to have less information regarding crypto trading. First increase the knowledge and then decide about what type of trading you want to do. This will reduce possible losses.

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paisawaisa said:

You can use any platform to do this. But this is not a solid strategy to make money with crypto.

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gregorystephen said:

well my strategy would have worked today. bitcoin hit 37000 and minutes later it hit 37100. and I am a dumb ass who doesn't know anything about crypto.

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gregorystephen said:

can you day trade bitcoin the way you can quickly get in and out of a stock? like when I see a drop to 37000 i buy and 10 minutes later when it's 37100 I sell? what platform do I use for that? preferably one that doesn't require ID but I understand bitcoin is getting more and more regulated so that may not be possible.

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gregorystephen said:

can you day trade bitcoin the way you can quickly get in and out of a stock? like when I see a drop to 37000 i buy and 10 minutes later when it's 37100 I sell? what platform do I use for that? preferably one that doesn't require ID but I understand bitcoin is getting more and more regulated so that may not be possible.

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Raj Kesu said:

Could have, would have, should have does not work when trading crypto. OK, so when it was at US$37,000 and you bought it, as that moment, how are you 100% certain it would go up ? It would have even gone down to US$36,000 or below. Seeing any past performance charts in crypto and thinking "I should have", "I would have", "I could have", does not work in crypto markets. Bitcoin price is being totally controlled by the big whales and NO ONE can correctly predict at any moment, what the price would be even after a minute. At the most if one bought at a certain price at then the price drops, one has to panic sell or hold and that hold can be days, weeks and sometimes a few months.
@onlinemarketer12 is correct by saying that you have less knowledge about crypto trading.
Start trading with a small amount like US$100 and you'll understand within 2 to 3 days that "I could have, would have, should have" does not work in crypto trading based on any past performance whatsoever.
We are not discouraging you. We don't like seeing people lose any money, without atleast initially knowing the ways things work.

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Nezuko Kamado said:

There was a fee of maybe 0.5% per trade, so it would cost you around $180 to trade $37k, buy and sell total trading fees is $360, so when you buy at $37k you are breakeven at $37,360. you lost $260 when you sell at $37.1k

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