Altcoin is for day trading | Bitcointalksearch.org

rendravolt

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Quote from: harapan on October 01, 2020, 03:06:35 PM

altcoins can experience price increase faster than bitcoin and altcoins can die suddenly (new altcoins) and for that many people take advantage of this kind of situation to take advantage, maybe that's why everyone prefers to do daily trading on altcoins

Yes, I myself have experience in altcoin trading. Indeed, sometimes the increase can be high or also slightly, depending on us when analyzing the altcoin before making the next move. To be safer, try looking for altcoins with high daily volume so you can still profit daily.

kavabanga07

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Something strange is happening, dk how to trade that flat... expected downside move, but it's flat again and again, litecoin price made the fake breakup and returned down again..
or is it because I have shit lines?

Velvet78

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I disagree with the view that all altcoins are suitable for day trading. To exemplify, I don’t use coins such as waves, ripple, and bnb, which I bought 2 years ago, for daily trading. Also, I don’t plan to sell bnb until it rises in value to $ 50. Grin

Lerikaweb

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Quote from: brawdias on April 17, 2018, 08:46:08 PM

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

People say so because alts are thought to have a greater volatility. I wonder what they say on the days when Athur the Liquidator drops bitcoin from 9k to 3,5k on Bitmex)).

Gaston Cavalier

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Quote from: AlexaSonda on April 17, 2018, 08:55:47 PM

Quote from: brawdias on April 17, 2018, 08:46:08 PM

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

daily trading is not as easy as you imagine, there are many considerations and analyzes that you should do. in the current market conditions it is very difficult to do it, without it all I am sure you will be stuck.

i concur. the volume for a lot of alts is just not as great as forex. you can get stuck for weeks while it does a slow dance.

harapan

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altcoins can experience price increase faster than bitcoin and altcoins can die suddenly (new altcoins) and for that many people take advantage of this kind of situation to take advantage, maybe that's why everyone prefers to do daily trading on altcoins

Coroline

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Quote from: AjithBtc on October 01, 2020, 02:02:47 PM

Majority of the altcoins are meant only for trading, because those coins really doesn't have any use cases.

I need survey data on this subject because the feelings inside me also say what you describe, there are so many utility coins released in the crypto world. I really want to see the data of people who use altcoins as money makers by trading, or they use altcoins as a tool to enjoy the services that the platform provides.
This is a lot of fun and very useful data for anyone who wants to know the point of interest of the crypto community

AjithBtc

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Majority of the altcoins are meant only for trading, because those coins really doesn't have any use cases. If Bitcoin is the only cryptocurrency, and if there is no altcoins then cryptocurrency trading would've never been this popular and the market might've not widened as the present.

Benefactor

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Quote from: kavabanga07 on September 28, 2020, 01:55:23 PM

Waited for the dropdown, however the litecoin price is moving upwards... Still below the previous trendline, however downdside structure was broken... Still holding my position however the price could go up further? Are you trading right now?

While for altcoins, they are not giving an excess of significance too it and that is the reason they like to day exchange altcoin which possibly can give them benefit that can include their bitcoin possessions. A great deal of good altcoin right now, as Ethereum, Ripple, Litecoin, Dash, Bitcoin Gold And so on. we can exchange a ton of Altcoin on the double, to get more benefit. I feel altcoin would be a superior choice for day exchanging inferable from the way that the tasks are not worth long haul hold and could be exceptionally rewarding when flipped through and fro to profit out of the unpredictability idea of the market.

kavabanga07

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wow wtf is going on with the ltc price?the candle just dropped down hard.

any news?

mirgo1791

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as trader works on customs as following uses with personal strategics, the returns on confinement to gives as distinctive on results as trader to work with preset on casuals as expecting to gains on number with the limit to complete within the length of terms as managing plan with one or different token trading at the same session or sequence.

totoy4741

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Quote from: cryptoblue on April 17, 2018, 08:52:04 PM

Day trading is not suitable for beginner, it is for experienced trader. If you have been trading for a long time then you can do day trading.

He did not mention anything about beginner of course it won't suita them since they don't know anything about trading. It is perfectly suits for professionals since they know the fundamentals and they are experts they don't fear of risking anything they have, it is actually goof for those who are trying to learn the basic trading. Scalping or trading is for new learners.

rahmatullah9305

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Quote from: ?? on ??

There are many ways to trade altcoins and not lose money on it, but earn money on the other hand. Have you ever heard of trading bots?

Trading bots will also not help much in day trading, because the purpose of trading is to make profits, not only to avoid losses through the use of bots, indeed there are many ways to trade, but the methods commonly used by everyone are those that suit economic law.

HK88

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in my opinion, this is coming out of those who have been tired of waiting for the market when it will improve. if we think carefully to immediately sell the altcoin we have whether we have gained? I think holding back more patience while the need is still sufficient, we will get multiple benefits.and it's only a matter of time.

3meek

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Quote from: ?? on ??

There are many ways to trade altcoins and not lose money on it, but earn money on the other hand. Have you ever heard of trading bots?

Finding a working bot is a real success Grin

A trading bot is a way to destroy a deposit! Cheesy

As well as paid telegram channels!
Alts are easy to trade in a bull market... When the bloody market, as it is now, it is very risky to catch rebounds!

Mauser

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Quote from: Jackl87 on September 29, 2020, 01:09:10 PM

For me altcoins are not for daytrading because i don't have the time and energy to be up to date all the time.
I buy the altcoins that i like and hold them at leats 1 year because of tax regulations in my country.
Of course i know that there is a lot of pump und dump going on. Just look at all those uniswap listings.

I agree with you, it's very time consuming to do day trading profitable. You need to do research on various alt coins to be able to predict the market on a regular basis. Without that you would just be losing money in the long run. To be profitable in day trading you don't only need to make enough to cover transaction cost and other expenses for your equipment, internet and electricity. You would also need to make more money than you would earn in a regular job. That is very hard, it's better to just buy and hold the coins in my opinion.

Bitbtc8

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Quote from: brawdias on April 17, 2018, 08:46:08 PM

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

Maybe altcoins open door to more profits than other coins? I did tried trading with altcoins but I have no good news about it, I'm better off using Bitcoin for trading, it's more safer and reliable, altcoins most times always deep dive unexpectedly, not the best option TBH.

Jackl87

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For me altcoins are not for daytrading because i don't have the time and energy to be up to date all the time.
I buy the altcoins that i like and hold them at leats 1 year because of tax regulations in my country.
Of course i know that there is a lot of pump und dump going on. Just look at all those uniswap listings.

Jeger.Kiting

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Quote from: ?? on ??

There are many ways to trade altcoins and not lose money on it, but earn money on the other hand. Have you ever heard of trading bots?

Not only one person uses a Bot to get faster profits, even all exchanges use bots, in order to attract investors and play trading volume, in order to attract people's interest in the altcoin trading, and the term is looking for prey to get satisfactory results ..

matchi2011

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Quote from: romero121 on September 29, 2020, 10:27:55 AM

Altcoin is much preferred for day trading, and profit makers out of altcoin trading were the large volume holders. With low volume holders it is quite a risky thing to profit big with day trading, because there'll be regular price fluctuation and with a bigger volume one can gain better profit. Even if the prediction goes out of the calculation, the loss can be recovered in a short out of the market changes. With low volume holders this isn't possible, and here lucky ones gain good.

One such incident happened with me, myself introduced Bitcoin and other cryptocurrencies to a friend. He randomly chosed a cryptocurrency for investment, he got a 15X profit within a weeks time. The holding value of his is quite low, but made a good profit out of it.

Logically right, the movement is much slower with low volume alts if the downfall take place the chance of losing a lot is really high, the recovery period too will take place and you needed to wait for much longer time frame, while with big volume coin the fluctuation may take place and with good support the value will bounced back, you can take good profits even in a small percentage.

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