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/biz/ - Business & Finance

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147468 No.147468 [Reply] [Original]

Any one make any money bitcoin day trading? I have $1000 and I'm just wondering if anyone has tried day trading bitcoin.

>> No.147479

kek

>> No.147487

>posting that picture
>thread is about buttcoins

Just get out

>> No.147492

>>147468
Piggy backing for interest

>> No.147515

>>147487
I didn't mean to pick that pic...

>> No.147543

>>147468

I put a short on btc today, we'll see how it works out tomorrow

>> No.147567

>>147468
Nobody has ever made money off of Bitcoins. It's a Ponzi scheme, and all of the posts about it on /biz/ are paid advertisements/scams. Avoid it at all costs. The leader of the scam, Edwardo Falensias will eventually collect your money. He's currently hiding from the feds in Cuba and has authorized local scam artists to continue the Bitcoin collection. This post will probably be deleted like my other posts, but hopefully you can read it first.

>> No.147629

>>147468
Do it you won't regret it.

>> No.147695

>>147629
Here's one of them now OP. This message was generated by one of their massive server farms. Don't listen to it.

>> No.147744

>>147629
Do you have any experience with it?

>> No.147861

>unstable commodity where cashing out is so difficult and rare it becomes a riveting tale

>daytrading it

>> No.149077

>>147468

Daytrading bitcoin is a pain in the ass, believe me.

You'd be better off just buying some and letting them grow, and checking tweeter and such to know if they're a major issue going on that'll probably eat all your gains.

That said, you can always try it out, but be warned, that'll be painful.

>> No.149123

Bought 5btc at $430

So yeah, I'm making money. Just sell when the retarded news comes out and buy back later.

It's pretty fucking predictable.

>> No.149798

>>149123
Okay I was think of doing if the day trading didn't work out.

>> No.149845

>>147567
Topkek, you even made a bitcoin supporter laugh at that one

>> No.149852

>>147861
>cashing out is so difficult and rare

You are a liar. It is extremely easy to get coins into and out of an exchange like BTC-e and very easy to turn those into cash at Coinbase.com or a Robocoin ATM.

>> No.149856

I did it.

I'm in Canada so cashing in/out was trivial. I can generally cash out anything up to 100k in a matter of days. Not to brag, but just saying for the haters out there who think this 1.9 billion dollar market cap is imaginary. It isn't.

My first mistake: Cavirtex. It's incredibly difficult to beat a 1.3% commission. Incredibly stupid to try now that I think of it.

Second mistake: I stopped caring. I'd put in a buy at 810 and a sell at 910 and stop paying attention. Worked a few times, but as we're on a slow deflation of the bubble, you can't count on any real upward swings, only erratic spikes on a long slow trip downwards. So if you're not paying attention you might never hit your sells.

Anyway, I cashed out, mostly because I'm tired of it all (veteran of 2012, held through the first $30 bubble) and I feel that this last, biggest bubble is the highest it's going to go. Possibly in three or four years it will be long-term profitable but day trading is silly for now. Talk to me once we settle out at the bottom in a year or two.

>> No.149881

>>149856
I see well what exchange do you use? How much have you made with bitcoin?

>> No.149918

>>147468
Heard about the Gox withdrawals halting and couldn't help myself. Made about a 8% return over the course of the weekend. Not too bad, netted 3.3BTC for less than 20 hours of work. I wish it was always that easy, but the opportunities do arise on a regular basis. I used BTC-e, no leveraging just straight sales with caution.

>> No.150044

>>149881
about 100k since 2012, all based on an initial investment. Of course it's easy when the market is going up one million percent a day.

I used Cavirtex.

Don't bother daytrading anymore.

>> No.152203

>day trading bitcoin
spend some of your $1000 on a helium tank

>> No.152224

what sites do you guys recommend for trading?
im looking at btce but i think that it is meant to disappear eventually

>> No.152230

>>147468

You'd be much better off day trading new alts, imo.

>> No.155462

>bitcoin crashing
>it's a good day to trade bitcoin

pot lkek

>> No.155787

>>147468
>bitcoin daytrading
you might as well bet on horses

>> No.158744
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158744

>>155787

>> No.158762
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158762

>>158744

>> No.158788

>>155787
you'd be surprised how effective supply & demand scalping is for trading bitcoins, this is price action heaven

>> No.159991

It's possible, but hard. Like any other form of daytrading. If you start with 1k don't expect to live off it anytime soon.