Day trading Cryptocurrencies is not for the weak-willed or the halfhearted. I do not particularly recommend it. I
don’t do very much of it myself. For every person who can beat the system, there are more who can’t.
During a gold rush, the best thing you can do is sell shovels. During a war, the smart money goes in to “defense” contracting. When there is an extremely volatile commodity, some day traders do get rich, some lose their shirts, and the exchange rakes in the fees either way.
There is also something that makes the day trader almost diametrically opposed to the philosophy and
motivations of the rest of the Cryptocurrency community. Day traders love volatility. No other member of the
community desires volatility. Miners, merchants, payment processors, long-term investors, people who
work for Cryptocurrencies every one of these groups desires stability, not volatility.
At the same time, the community needs day trading. It makes up a significant part of the currency’s
legitimate use an