Thanks everyone. You made some good points.

I have no issue with losing that amount of money. Naturally, I'd prefer to earn money rather than lose it, but if I indeed lost it, it would not affect my standard of living in any way.

I will certainly play around with a demo platform for a week or two to familiarize myself with everything.

What about other kinds of trading? Maybe not scalping or day trading, but just buying Bitcoin and selling it in a few days when its value increases slightly (assuming it does, of course)? As I said, I wish to be involved in the process of trading on a regular basis, not just dumping my money in and waiting for too long. I know myself and it would quickly get boring, despite the possible profits.

The reason I joined this forum was because I like precisely what is happening - valuable input and experience from ordinary people. I don't like those websites that can supposedly help people invest, it feels like they're always fishing for something. Hearing from regular people who earn and lose money with cryptocurrencies is immensely more interesting for me.

I appreciate the time you took to reply to me. I have thought about how the amount of daily profits would relate to the trading fees, I hope someone with more knowledge on this will chime in.

Daily trading is just my idea, if there are other methods that would require me to invest a couple of hours of my time per day, I'd be thrilled to hear them.

Thank you.

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.