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?
This is true for any market do you think it is going to be easy to earn money in trading especially at this time? What you are describing is exactly what a person trading without any knowledge should be getting, the market is not moving so only the most skilled traders can earn money in these conditions, so if I were I you I will wait until the volatility of the market was greater before trading again.