What you guys think about day trading in crypto. Is it profitable? if yes give me reason.
If you doing day trading by yourself it's 99 percent of chance that you loose your capital. I was reading many comments on other threads that they talking about day trading is profitable. I don't think so. Only whales have profit and normal person loose their money.
What your thoughts about it....
Day trading means you are expecting high volatility and that is exactly what crypto offers so yeah day trading is worth with crypto because you might be doubling your money in a week or it might also down by to half so you just have to follow a pattern and profit with it.
I mean if you see the price dropping let it drop and once it starts getting up, just buy some and I have hardly ever seen anti-climatic drop which means when its increasing it will just keep rising until a certain value and once it drops it will just keep dropping. I tried price trading for some weeks and it was pretty good (I did with Binance and they even gave me 3x leverage so that helped) but the problem is, you need to be online all day and notice patters because automatic trades don't help, that is my experience.