Is Day Trading Crypto Worth It As A Normal Guy?

Is Day Trading Crypto Worth It As A Normal Guy is a very common question asked by normal guys!

At, last, at least you, outta the some, ask, is day trading crypto worth it! Am so happy for you!

See, I’ve elaborated some investment ideas for best returns for normal guys in the crypto space.

As of now, my ROI is standing at a 65% growth Year on Year with day trading crypto.

The question here is that, is day trading crypto worth it? Not a particular crypto like bitcoin, which is saturated!

Bitcoin is kinda saturated. Because of this, profits are a bit capped.

Lemme tell you that, day trading crypto is worth every penny out there in markets. There is a saying, that you’ve to ask “Why” 4 times to get to the root of the cause.

I will brief you on why cryptocurrency trading is worth it

I Am pumped and super excited at the same time to present this article. Without further ado, lez get into the world of day trading cryptocurrency.

 

Why is Day Trading Crypto Worth It?

• Can you expect to make in excess of 2% returns in every trade?
• Are you in a position to make 95% profits and only 5% losses?
• Is day trading any time, look for a position, enter, and forget like?
• Any possibility that every year you can guarantee that your returns are fixed using trading?

All the above are questions for a reason! Every question above answers “Yes” for day trading with crypto.

See, all these above reasons guarantee that day trading crypto is worth it.

Am such a big fan of passive income. I usually want my money to work for me than me working for money!

Lemme say it’s kinda obvious to mention day trading crypto is every bit worth it! Speaking outta my experience!

 

What’s the proof, that day trading cryptocurrency is worth it?

I speak my words outta my own context and trading a full year in day trading has made me utter the confidence.

I’ll show you my trades for just 2021. As a result, you get the confidence to trade in crypto.

It’s a page full of 202 trades I’ve traded over just this year 2021. On average 1.12 trades per day, considering even Saturdays and Sundays without any holidays.

Why am I showing you my live crypto trades?

1. First, Just because I can show you with confidence.
2. Second, I wanna inspire you that great trades are an account opening away!
3. Third, it kinda showcases that though crypto is so apocalyptic and erratic, with a good strategy you kinda always win.
4. Fourth, I am proud of my trades and my ability to be in the market.
5. Fifth, and the final one, Bittrex, my cryptocurrency trading exchange, makes it fairly simple to download all my trades in excel, unlike stock markets.

 

So let’s see my live day trades with cryptocurrency just in 2021!

Exchange	OrderType	Limit
BTC-BSV	LIMIT_SELL	0.00560137
BTC-DOT	LIMIT_BUY	0.0007308
BTC-DOT	LIMIT_SELL	0.00074434
BTC-VAL	LIMIT_BUY	0.00004232
BTC-VAL	LIMIT_SELL	0.00004282
BTC-POT	LIMIT_BUY	0.00000057
BTC-POT	LIMIT_SELL	0.00000059
BTC-VAL	LIMIT_BUY	0.00004223
BTC-ADA	LIMIT_BUY	0.00002482
BTC-COMP	LIMIT_BUY	0.0100129
BTC-CRO	LIMIT_BUY	0.00000309
BTC-RVN	LIMIT_BUY	0.00000318
BTC-ATOM	LIMIT_BUY	0.00038201
BTC-UNI	LIMIT_BUY	0.00051818
BTC-IOST	LIMIT_BUY	0.00000081
BTC-GRS	LIMIT_BUY	0.00001287
BTC-CVC	LIMIT_BUY	0.00000747
BTC-STEEM	LIMIT_BUY	0.00000835
BTC-GLM	LIMIT_BUY	0.00000692
BTC-CVC	LIMIT_SELL	0.00000767
BTC-STEEM	LIMIT_SELL	0.00000851
BTC-GLM	LIMIT_SELL	0.00000712
BTC-GRS	LIMIT_SELL	0.00001306
BTC-CRO	LIMIT_BUY	0.00000304
BTC-ATOM	LIMIT_SELL	0.00038829
BTC-IOST	LIMIT_SELL	0.00000084
BTC-UNI	LIMIT_SELL	0.00052736
BTC-SBD	LIMIT_BUY	0.00011998
BTC-XHV	LIMIT_BUY	0.00016202
BTC-ADA	LIMIT_BUY	0.00002269
BTC-FLO	LIMIT_BUY	0.00000121
BTC-FLO	LIMIT_SELL	0.00000124
BTC-WINGS	LIMIT_BUY	0.00000181
BTC-ALGO	LIMIT_BUY	0.00002237
BTC-ADA	LIMIT_SELL	0.00002303
BTC-STRAX	LIMIT_BUY	0.00002572
BTC-WINGS	LIMIT_SELL	0.00000188
BTC-STRAX	LIMIT_SELL	0.00002617
BTC-RVN	LIMIT_SELL	0.00000325
BTC-SBD	LIMIT_SELL	0.00012284
BTC-XHV	LIMIT_SELL	0.00016997
BTC-WINGS	LIMIT_BUY	0.00000125
BTC-OGN	LIMIT_BUY	0.00000891
BTC-XST	LIMIT_BUY	0.00000399
BTC-WINGS	LIMIT_SELL	0.00000129
BTC-OGN	LIMIT_SELL	0.00000912
BTC-VAL	LIMIT_SELL	0.00004367
BTC-XST	LIMIT_SELL	0.00000418
BTC-COMP	LIMIT_SELL	0.01027758
BTC-USDS	LIMIT_BUY	0.00001984
BTC-CVT	LIMIT_BUY	0.00000244
BTC-CVT	LIMIT_SELL	0.00000256
BTC-CRO	LIMIT_SELL	0.00000312
BTC-USDS	LIMIT_SELL	0.00002083
BTC-ALGO	LIMIT_SELL	0.0000229
BTC-SPND	LIMIT_BUY	0.00000122
BTC-UPP	LIMIT_BUY	0.00000385
BTC-SPND	LIMIT_SELL	0.00000128
BTC-UPP	LIMIT_SELL	0.00000412
BTC-YOU	LIMIT_BUY	0.00000252
BTC-GTO	LIMIT_BUY	0.00000197
BTC-WINGS	LIMIT_BUY	0.00000192
BTC-WINGS	LIMIT_SELL	0.00000206
BTC-OMG	LIMIT_BUY	0.00016685
BTC-BAT	LIMIT_BUY	0.00002193
BTC-GTO	LIMIT_SELL	0.00000202
BTC-XTZ	LIMIT_BUY	0.00010411
BTC-CVC	LIMIT_BUY	0.00000971
BTC-BAT	LIMIT_SELL	0.00002218
BTC-XTZ	LIMIT_SELL	0.00010637
BTC-GTO	LIMIT_BUY	0.00000195
BTC-PPC	LIMIT_BUY	0.00001645
BTC-PPC	LIMIT_SELL	0.0000167
BTC-MED	LIMIT_BUY	0.00000304
BTC-XRP	LIMIT_BUY	0.00001724
BTC-TRX	LIMIT_BUY	0.00000204
BTC-KAI	LIMIT_BUY	0.00000204
BTC-CVC	LIMIT_SELL	0.00000985
BTC-XRP	LIMIT_SELL	0.00001753
BTC-MED	LIMIT_SELL	0.00000314
BTC-NXT	LIMIT_BUY	0.0000015
BTC-GTO	LIMIT_BUY	0.00000192
BTC-NXT	LIMIT_SELL	0.00000153
BTC-KAI	LIMIT_BUY	0.00000194
BTC-MORE	LIMIT_BUY	0.00000192
BTC-KAI	LIMIT_SELL	0.00000208
BTC-KAI	LIMIT_SELL	0.000002
BTC-OMG	LIMIT_SELL	0.0001707
BTC-PPC	LIMIT_BUY	0.00001643
BTC-GTO	LIMIT_SELL	0.00000197
BTC-GTO	LIMIT_SELL	0.00000201
BTC-PPC	LIMIT_SELL	0.00001723
BTC-MED	LIMIT_BUY	0.00000295
BTC-TSHP	LIMIT_BUY	0.00000049
BTC-TSHP	LIMIT_SELL	0.0000005
BTC-TRX	LIMIT_SELL	0.00000209
BTC-MORE	LIMIT_SELL	0.00000195
BTC-ADA	LIMIT_SELL	0.0000255
BTC-VAL	LIMIT_BUY	0.0001685
BTC-RVN	LIMIT_BUY	0.00000331
BTC-RLC	LIMIT_BUY	0.000059
BTC-VAL	LIMIT_BUY	0.0001504
BTC-VAL	LIMIT_SELL	0.00015867
BTC-RLC	LIMIT_SELL	0.00005999
BTC-VAL	LIMIT_SELL	0.000185
BTC-NKN	LIMIT_BUY	0.00001297
BTC-LINK	LIMIT_BUY	0.00071762
BTC-PART	LIMIT_BUY	0.00004748
BTC-SENSO	LIMIT_BUY	0.00003585
BTC-LINK	LIMIT_SELL	0.00073182
BTC-PART	LIMIT_SELL	0.00004891
BTC-MED	LIMIT_BUY	0.00000241
BTC-XRP	LIMIT_BUY	0.00002596
BTC-DNT	LIMIT_BUY	0.00000562
BTC-XRP	LIMIT_SELL	0.00002634
BTC-VET	LIMIT_BUY	0.00000348
BTC-SENSO	LIMIT_SELL	0.00003638
BTC-DNT	LIMIT_SELL	0.00000571
BTC-VET	LIMIT_SELL	0.00000362
BTC-ZRX	LIMIT_BUY	0.00003132
BTC-GBYTE	LIMIT_BUY	0.00119193
BTC-UTK	LIMIT_BUY	0.00001224
BTC-ZRX	LIMIT_SELL	0.00003179
BTC-DGB	LIMIT_BUY	0.00000247
BTC-GBYTE	LIMIT_SELL	0.0012098
BTC-COMP	LIMIT_BUY	0.01348449
BTC-UTK	LIMIT_SELL	0.00001258
BTC-DGB	LIMIT_SELL	0.00000253
BTC-WAXP	LIMIT_BUY	0.00000473
BTC-COMP	LIMIT_SELL	0.01378578
BTC-WAXP	LIMIT_SELL	0.00000483
BTC-ETC	LIMIT_BUY	0.00134704
BTC-DOGE	LIMIT_BUY	0.00001166
BTC-BLK	LIMIT_BUY	0.00000395
BTC-RLC	LIMIT_BUY	0.00007481
BTC-ETH	LIMIT_BUY	0.05949548
BTC-ETC	LIMIT_SELL	0.00139399
BTC-LTC	LIMIT_BUY	0.00604501
BTC-LINK	LIMIT_BUY	0.00082718
BTC-XTZ	LIMIT_BUY	0.00011118
BTC-KDA	LIMIT_SELL	0.000021
BTC-KDA	LIMIT_BUY	0.0000203
BTC-PROM	LIMIT_BUY	0.00073388
BTC-MKR	LIMIT_BUY	0.09238599
BTC-ETH	LIMIT_BUY	0.05748171
BTC-XTZ	LIMIT_SELL	0.00011396
BTC-LINK	LIMIT_SELL	0.00084786
BTC-LTC	LIMIT_SELL	0.00619612
BTC-MKR	LIMIT_SELL	0.09523224
BTC-ETH	LIMIT_SELL	0.06068475
BTC-ETH	LIMIT_SELL	0.06068475
BTC-PROM	LIMIT_SELL	0.00076513
BTC-RLC	LIMIT_SELL	0.00007894
BTC-BLK	LIMIT_BUY	0.00000303
BTC-BLK	LIMIT_SELL	0.00000313
BTC-ADA	LIMIT_BUY	0.00002605
BTC-LTC	LIMIT_BUY	0.00578218
BTC-ETH	LIMIT_BUY	0.06005843
BTC-BCH	LIMIT_BUY	0.02268181
BTC-EOS	LIMIT_BUY	0.00015164
BTC-ETC	LIMIT_BUY	0.00160134
BTC-NEO	LIMIT_BUY	0.00196531
BTC-BSV	LIMIT_BUY	0.00687833
BTC-XLM	LIMIT_BUY	0.00001057
BTC-LTC	LIMIT_SELL	0.005913
BTC-EOS	LIMIT_SELL	0.000158
BTC-ETC	LIMIT_SELL	0.001652
BTC-NEO	LIMIT_SELL	0.00200528
BTC-BCH	LIMIT_SELL	0.02325
BTC-XLM	LIMIT_SELL	0.00001089
BTC-BSV	LIMIT_SELL	0.00701583
BTC-HNS	LIMIT_BUY	0.00001278
BTC-MEME	LIMIT_BUY	0.00000202
BTC-MKR	LIMIT_BUY	0.0897475
BTC-ADA	LIMIT_SELL	0.00002736
BTC-ZEN	LIMIT_BUY	0.00198049
BTC-HNS	LIMIT_SELL	0.00001337
BTC-PIVX	LIMIT_BUY	0.00003
BTC-PIVX	LIMIT_SELL	0.00003075
BTC-FLO	LIMIT_BUY	0.00000173
BTC-BLK	LIMIT_BUY	0.00000299
BTC-FLO	LIMIT_SELL	0.00000178
BTC-NAV	LIMIT_BUY	0.00001178
BTC-ETH	LIMIT_SELL	0.06125889
BTC-MKR	LIMIT_SELL	0.09199017
BTC-FX	LIMIT_BUY	0.00001163
BTC-NAV	LIMIT_SELL	0.00001207
BTC-MORE	LIMIT_BUY	0.0000033
BTC-FX	LIMIT_SELL	0.00001207
BTC-AAVE	LIMIT_BUY	0.00797337
BTC-BAL	LIMIT_BUY	0.00114623
BTC-AAVE	LIMIT_SELL	0.00817263
BTC-MORE	LIMIT_SELL	0.00000339
BTC-DOGE	LIMIT_SELL	0.0000119
BTC-LUNA	LIMIT_BUY	0.00028809
BTC-ZEN	LIMIT_SELL	0.00267441
BTC-BAL	LIMIT_SELL	0.00117488
BTC-LUNA	LIMIT_SELL	0.00029529
BTC-YOU	LIMIT_SELL	0.00000264
BTC-NKN	LIMIT_SELL	0.00001361
BTC-MEME	LIMIT_SELL	0.00000212
BTC-BLK	LIMIT_SELL	0.00000325

 

What makes day trading cryptocurrency trading lucrative?

1. Its erratic behaviour can be traded with technical analysis.
2. It’s liquidity on any scrip to trade at any levels. As a result of this, we can trade any scrip at any levels without locking in.
3. The basic necessity of not stationing in front of charts. Because of this, we are free to wander and still make money.
4. It’s easy of finding the right levels at any point of time. As a result, we find trade and succeed at any given time of the day.
5. Ease of finding new cryptocurrency regularly with high liquidity to trade. As a result, you don’t have to be stuck on one scrip and trade confidently.
6. It’s easy to trade in crypto with successful strategies. As a result of this, its success rate is higher than stock markets trading.
7. It’s a world traded market. Because of this, it’s omnipresent to trade any currency at any time.
8. FIIs have great investments in cryptos worldwide. As a result of this, it makes it highly liquid at any time.

 

Advantages of Day Trading Cryptocurrency

I may kinda repeat the same as the ones listed above in what makes crypto trading lucrative. I don’ wanna overwhelm you with the same repititions.

So lemme give you, what is not jotted above.

1. Account Opening to trade cryptocurrency is a breeze. As a result of this, it hardly takes few minutes before trading, unlike stock markets.
2. Trading is online. Because of this, you have the location independence to make money trading.
3. Trades are superfast. As a result, you get no missing trades.
4. Platforms are all browser-based. As a result, no other trading software that consumes laptop memory is required.
5. Crypto trading platforms are fairly easy to understand. As a result of this, any novice can start trading fairly easy.

 

Disadvantages of Day Trading Cryptocurrency

Though, I’m kinda biased to saying crypto trading is the best way to make money trading, there are a few disadvantages.

See there’s always 2 sides to a coin. I won’t be showing you what’s fair if I don’t highlight the disadvantages.

So lemme show you what’s hard with day trading crypto.

1. Though account opening on the crypto exchange is fast, fiat withdrawal takes time. As a result of this, your withdrawal of your profits is not immediate.
2. Crypto is erratic in its moves. Because of this, when you lose, you kinda may lose big! To the extent of down by 50% a day and up by 1000% a day or higher!
3. New cryptocurrencies are always on a flow on exchange. As a result of this, you may enter something that’s illiquid and locked for quite some time.

 

Legalities of day trading cryptocurrency

It’s fair to mention, the central bank of your country restricts trading cryptos in your country.

If your country’s central bank bans trading crypto, you don’t wanna trade it. It becomes illegal!

But seeing the trend of bitcoin, first of cryptocurrencies to be created, most countries have allowed crypto trading!

Countries where cryptocurrency is banned or illegal

1. China
2. Russia
3. Vietnam
4. Bolivia, Columbia, and Ecuador

If you are a part of the countries mentioned above, Alas! You lost a big battle of making money online with trading.

Other countries of the world fairly see crypto as an asset though not as a currency and allow crypto trading.

So it’s your time to go out there are get a chunk of the ever-growing and appreciating asset in the world!

 

What’s the process to start trading cryptocurrency?

1. Most crypto exchanges account opening process has a registration and id upload procedure online. As a result, you can trade from any part of the world.
2. Learn a good strategy to make money trading.
3. Be fairly good at technical analysis to guess the levels of trading.
4. Have a fairly undisturbed office setup for day trading crypto as you need good concentration.
5. If required read some books of trading.

 

These would propel you from being a novice trader to a crypto trader.

Hope this has given you some value add to your day trading cryptocurrency journey if you are a beginner or a professional.

I’m fairly sure that trading cryptocurrency will give you more returns than trading in stock markets with ease on any day!

I’d ask you for some help. In case you like this article, I’d like you to share it with others. Also, please comment below as to what you felt reading this.

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Happy Trading and Happy Money Making!