As previously mentioned, CryptoProspectors follows developers and their projects and not trading trends. This strategy allows for a greater success ratio over the long term.
The amount of money that trades hands everyday is amazing considering the small percentage of the global population that is currently involved with crypto / digital currency.
This is so incredibly advantageous for the earlier adopters as thousands of percent of growth are not only possible but expected.
24hr Market Volume
How much money is trading hands in any 24 hour period on these exchanges?
This snap shot taken, 12/9/2016, for just 1 exchange shows almost 14,500 Bitcoins worth of the top 20 digital currencies trading hands in a 24 hour period.
Bitcoin was trading @ $769 each this day meaning over $11,000,000 worth of these coins traded hands in the prior 24 hours.
24hr Market Gains
What kind of gains are possible in a 24 hour period?
This snap shot taken, 12/9/2016, for just 1 exchange shows the top 20 movers for the last 24 hour period.
Yes, making a 50% profit in 1 day is possible when conditions are right although not typical.
CryptoProspectors does not recommend the "day trader" approach but it is many traders practice this technique.