Hello, everyone.
I did some research on trading cryptocurrencies, but I suppose it's better I get some input from experienced members here.
Here's the thing - I have a lot of free time on my hands. I'm thinking about buying a tiny amount (1.000 EUR or 1200 USD) worth of cryptocurrency (I'm leaning towards Ethereum or Bitcoin) and basically buying lower and selling higher throughout the day.
No, I don't expect to get rich from this. I simply need something to pass the time and if I can also make a profit off it, why not?
So I believe what I'm interested in is called "day trading". I have found numerous pros and cons regarding this method, but as I said, I want to engage in something on a daily basis, investing and holding on for a period of time is something I'm really not interested in.
I heard of Coinbase, Coinstats and Binance. Are there any other platforms worth looking into?
Thank you.
There are various ways to do that .
1.) Day trading works well with higher amounts .
Most of them will suggest you to join a signals group for money and do as they say . Imo it is simply a waste of time . Always do a TA if you think a coin is pumping research it if the hype for the coin seems to prolong get in set a small target get out thats all .
2.) BUY and HODL .
Simple as it sound . But Bitcoin now and forget about it . Keep track on latest news and stuff tho . Convert to preferable currency when it hits your target .
3.) Gambling .
Simple get into sites like fun.earnbet.io or roobet.com put in some money gamble it off in different games like poker , blackjack , crash and stuff like that . Never invest moere than you can afford to lose .
4.) Margin Trading .
Margin Trading is actually riskier than gambling . Learn leverage trading at various sources available online like binance academy , youtubers and stuff like that and always try out with free money . Bybit.com provides you a 5$ bonus money to try out margin trading . Check them out before entering into leverage trading