5 ms·

Is anyone day trading bitcoin? i.e., buying and selling multiple times a day based on small-ish fluctuations of the market?

• throwaway0094 13y ago
  Yep. Some of my co-workers do algorithmic trading as a hobby.
  • jafaku 13y ago
    I've read that only works to a certain degree, not much more than 50%. Is that right?
    • maaku 13y ago
      If you average everyone, then yes but that's a tautology, isn't it? In reality there are winners and there are suckers.
    • throwaway0094 13y ago
      No idea how well they do.
• josephagoss 13y ago
  I used to do this and eventually gave up because of the swings. Being a student (and from a very poor background) it was surreal, I would make or lose in 1 day more than I make in 3 months working at a cafe. I am slightly ahead day trading but the gain was not worth the risk I took.
• aqme28 13y ago
  Yes, and I've had decent-enough luck with it.
• conanbatt 13y ago
  There is an entire secondary market based on bonds and pseudo-stocks.