It's interesting to note that many Bitcoin holders might not be fully capitalizing on the inherent volatility of this digital asset. The Bitcoin market can undergo price fluctuations of around 3 to 4 times in a single day, which offers ample opportunities for those who choose to engage in active trading.
While the common approach is to view Bitcoin solely as a long-term investment, it's worth considering an alternative perspective – that of an active trader. By delving into trading strategies, it's plausible to generate a daily income ranging from $20 to $30, provided one has a sound grasp of the market dynamics.
For those intrigued by this concept, there's a wealth of information available, including informative YouTube videos that can serve as a starting point for learning about Bitcoin trading techniques. These resources(
https://youtu.be/c7VH96My_3I?feature=shared) can provide valuable insights for anyone willing to explore the active trading side of the Bitcoin market.
And in addition I think its right time that everyone that's interested in bitcoin should also start learning about trading since it gives a good opportunity for anyone to earn off bitcoin. What do y'all think bout this ?
I used to do a lot of day trading in Bitcoin and I thought it was not very profitable for day trading. If it's with a small capital. Unless we do daily trading on bitcoins with large capital. So yeah, taking advantage of bitcoin price fluctuations in the market with large capital will be quite profitable. But with small capital. You will only make a small profit and it is not worth the time-consuming analysis to do it.
So I started leaving Bitcoin out and not including it in my daily trades. And I only invest in bitcoin for the long term.
As for day trading, trading in altcoins is actually much easier and the fluctuations are also higher. So that you can still get a sizable profit even with a small capital. And about Altcoins it's actually quite easy to analyze. Like by monitoring every event that every altcoin has. And we only enter altcoins that have events and so on. Fundamental analysis on altcoins is sometimes much more effective for profit combined with technical analysis. But when there are no events, technical analysis is definitely the priority. Coupled with fundamental analysis related to global economic events and so on. which also has an influence on market volatility.