Quote from: omonuyak on August 26, 2018, 09:48:30 AM

Quote from: GwSoJ on April 05, 2018, 10:28:38 AM

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?

The whales and the professionals are the one making money from this market and you have to be able to develop your skills and experience in other to make money from day trading. You cannot just invest into the market without having adequate knowledge one how trading works.

If you understood how the market works you would stay away from day trading entirely. As others have said, it is mostly gambling, and I would like to add that it is gambling with a house edge. In that case, the longer you gamble, the higher are your chances for accumulating losses as you can't take money from the dudes you mentioned, the whales and the professionals. These are either going for sure profits or staying away from the market. Unlike many of us, they don't gamble.

And when they are looking for profits, it means you losing money because their profits are your losses, as simple as that.