Quote from: 7Priest7 on December 11, 2013, 01:55:23 AM

Quote from: takagari on December 11, 2013, 01:49:31 AM

Yes, and the Vast majority of the human population wouldnt be Day Traders lol.
Day trading take's commitment to do it. I'd bet some of those guys make a damn good living off of it.

Imagine buying a bunch today at ever 800 open, and than selling them all off now at $1000. If you had done this with a coin. you'd make $200.
Some of these guys do that with 100 coins. That's 20 grand profit in a day.
That's a day trader

I was referring to the "follow the pack" day traders who have not been doing it forever.
Those who just recently tried and failed to profit off BTC, they got scared when it went from $1200 and started dropping, They sold for less to avoid a complete loss.

Perhaps some Day Traders do well, but day trading is just like gambling, they could just as easily lose money.

Hate to break it to you, but we're all gambling on the future of bitcoin. It could crash to $1 tomorrow on some type of devastating news, and a lot of people would lose a lot of money.