Is d*ytrading worth it? How do you pick the right coins? Don't tell me pick any because it has to
a) be swinging up and down
b) do so by a significant margin, if I sell a coin at 19k sat and buy back at 18k yay I got a whopping 50 more coins
>a 5% gain is not significant
Don't daytrade, you're a moron.
>>2345087
rude ;-;
I'm talking from my point of view, I have 4 BTC total and I would likely trade with less than 0.2. That 5% gain would be less than one random minimal ETH swing for my portfolio. Is this a daytrader's dream?
>>2345109
Yes.
https://www.worldcoinindex.com/
For most coins (that aren't mooning, and you CAN'T predict that) a +5% would be the perfect trade of the day (buy 24h low sell 24h high). If you want to double your money go to YoBit and gamble it away.
if u invest in that one 300% coin, sure
gl with that tho
Do the calcs on a 5% swing everyday and it's (((yuge))).
I should probably attempt to do this with my Eth instead of just letting it sit there.
>>2345074
>>2345109
>I sell a coin at 19k sat and buy back at 18k yay I got a whopping 50 more coins
>That 5% gain would be less than one random minimal ETH swing for my portfolio. Is this a daytrader's dream?
Someone skipped 6th grade math. Yes it is the daytrader's dream. If you started with a dollar and made 5% gains everyday, trading your money back and forth, one year later you would have $54,211,841.58. 54 million dollars. Not, bad for 5% right?
You only need 3.88% a day for a million.