Is day trading a thing in bitcoin? Does anyone practice it? Also, how big is the benefit someone could make of it? Is it substantial or just some minor benefit?
Also hello everyone I'm a newcomer around the bitcoin community. I'm sorry if the topic has been covered somewhere else but I searched around the forum and I anyway felt like a wanted to ask in a new topic.
Very much so, although most day traders would branch out in to alt coins as well. I day trade sometimes with varying success, I'm no expert so only really do so in favorable market conditions. I am up considerably over just holding bitcoin over the last 6 months or so, others will have even greater success than I have done so, but it does not come without costs, it is a big time commitment and can be very taxing from a mental point of view. If you can't handle pressure and loss then it's not for you.