Quote from: adzino on Today at 08:04:48 AM

Quote from: WLtoys V912 on January 10, 2021, 11:00:32 AM

I don't know why most people enjoy the heavy rise of bitcoin while it is only good for long term holders. How long do they want to hold? Forever? They have to sell at some point and exit the market. For day traders like me, expensive bitcoin is not attractive at all because it not only reduces my profit, it also increases my stress.

I have to buy at $40.000 and sell at $40.200 to gain daily profit (This is an example). This is much less profitable than when I used to buy at $8000 and sell at $8200 the same day. Apart from this, whenever I buy at $40.000, I am worried about a big crash right around the corner because the prices are too high now.

How do you cope with this situation as a day trader? Do you dare to buy $40K bitcoin for short term trading?

When you buy at $40,000 and sell at $40,200 you make $200 profit. When you buy at $8,000 and sell at $8,200 you still make $200 profit. How is this less profitable?

It is less profitable if you buy for example $100 worth of bitcoin not a full bitcoin.

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Best way to get away from stress is to find another hobby that can take your mind off it. If you are married you have nothing to worry about....
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If I was married (which hopefully I'm not!), I had much more things to worry about than bitcoin!

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So what stress you were trying to talk about?

The stress that happened to me when a few days ago I bought some bitcoin at $39300 for day trading and it fell to $30500 after that! This is the kind of stress I'm talking about.