If you could only make 0.10% a day you would eventually be a billionaire, even with a small starting balance. The issue is that its very difficult to be consistant.
There are times when Bitcoin trading is easy when we got clear trends and you can just catch the trend but there are many times when there is no volume and it just trades sideways like it does many days.
"Sometimes no trade is the best trade." Any trader who doesn't learn and understand that probably won't survive long term. Forcing trades based on marginal setups during choppy markets is one of the quickest paths to to failure.
That's what a lot of people throwing out these "% per day" estimates don't understand. Not only are they not accounting for the long break-even and losing stretches that even great traders must endure because of variance, but they aren't accounting for choppy/range markets that offer diminished profitability. Beyond skill and risk management, good long term profitability as a trader probably indicates one of two things:
- You don't trade that often (for example, swing traders who primarily ride strong trends)
- You trade many markets (not just BTC, not just crypto) so you are always capitalizing on strong trends