Re: If You Had 20Bitcoin To Trade With...

What would be your ultimate strategy to trade safely with 20BTC, cashing in a minimum of 1BTC a day. Also what would be the altcoin of your choice to trade in?

Earning 1BTC a day? Create an exchange, lists most of the altcoins and see if people trade up to 500BTC a day and with a 0.2% fee you earn 1BTC every day

Otherwise trading bitcoin to fiat or to altcoins still needs time to reach 1BTC but not within a day.

Agree even we know you can have it in trading there is still a risk that you can't get it in one trade so do not expect you can have it in a single trade actually a chance of loosing is high % in you just take a risk when you start a trade.

If we check poloniex 24-hours trading volume we can see how much money is being traded everyday and how much profit does this exchange get.
So in avg of 0.2% on fee poloniex makes good money, but we should know that to reach the popularity that has today is not easy and didn't started with 20 bitcoins.

Poloniex is a reputable exchange and the most crowded exchange site i guess. In any exchanges you can make decent amounts of money but as you said 20bitcoins on building and exchanger site would not be enough since you would large amount to start a site to gain large profits also.

Sometimes the 24 hour trading volume is around 80kBTC or more and checking today is around ~60kBTC which means that a lot of fee is hold by poloniex but we should know that there are lots of expenses that are spend to maintain the system and make it as much stable as possible.
But starting from zero earning 20BTC is really really hard.