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April 08, 2019, 03:08:26 AM

You know, I often wonder why 95% of exchange trades are like 0.05 or 0.001BTC. The answer is - there are thousands of n00bs (probably can't even calculate percentages and addicted to drugs) who believe that by trading such pathetic amounts, they will become millionaires. I got flash news for you - Not gonna happen! If you are lucky, you may get 10% in a year, so congrats with your 0.0001BTC profit. Go buy an island with that. Grin Grin Grin

nah

it's bots
Even if they are bots, the sums of the simultaneous trades is way below 0.1BTC, which means their owners are really poor. The volume is made by a 5% of trades which are above 1BTC.
Wrong conclusion. I regularly test new strategies with small amounts. And there are other reasons as to why you might want to do a lot of small trades over fewer larger trades.

Also, 0.05 BTC is enough to retire within ~5 years if BTC goes to 100-300k and you trade shitcoins with a decent entry and exit strategy.

Yup, now that I trade very little, most of my orders are (multiple) small orders. 0.05 is indeed a size I do frequently use nowadays.

For some reason I have been gradually lowering my order size with time..... even if my total stash is always at record size.

Of course I have also lowered a lot my exchange exposure.

Sometimes I do think I just keep on trading to not lose the practise, and not so much for the profits.... which, even if small, do nicely accumulate over time though.