Post
Topic
Board Trading Discussion
Re: Bitcoin holder are not maximizing the bitcoin potential
by
jostorres
on 30/08/2023, 05:25:49 UTC
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.
There is a very large number of traders who do day trading or scalping using Bitcoin if they have the capital for it. Those traders would have separate holdings for the long term and they also make use of the usual fluctuations of the market, so I don't think that it is a secret for anyone at all as long as a person knows how the cryptocurrency market works in the first place. I used to do it too when I had money that I could use for some scalping.

Scalping or day trading can be very profitable if the trader has a lot of knowledge and experience about the market and knows exactly how the market will move each day or based on a news or an event that has occurred in the real world and they make trades based what they read or see.