I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.
This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?
I haven't doubts that market are sick by manipulation, but if you think to make day-trading you must to know it's very complicated. Day-trading demands accurate research, analytical mind, strategies of liquidation, analisis tecnical. Thus those requeriments are necessary for succes. Only 10% people who operate trading are aware it. Maybe you must start to ask you what do you doing wrong?