Altcoin is for day trading - page 11.

endogan

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Quote from: pushups44 on April 24, 2019, 06:34:30 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.

It depends on the particular altcoin. Many altcoins are pump and dumps, and so do not make for good long-term holds. On the other hand top altcoins like Ethereum and EOS are widely regarded as solid long-term investments by investment funds and ratings firms.

everything depends on the coin because each coin the growth is different so not all Altcoin are the same so we check which one is suitable for daily trading for investment.
Altcoin can be profitable, so that in any way you can still make money.
remain optimistic and always optimistic that you can benefit from potential Altcoin.

Flooks

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Quote from: trash321 on April 24, 2019, 02:45:02 PM

You need to be able to trade, I understood this many times, because I could have a lot more money now than there is a mind, and this is a very small amount, so I think that it definitely needs to be able to properly analyze

Now, with such a drop in prices for the Altcoins, there is a very large volatility when they break resistance to a coin. The price hovers around 2-3%.

pushups44

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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.

It depends on the particular altcoin. Many altcoins are pump and dumps, and so do not make for good long-term holds. On the other hand top altcoins like Ethereum and EOS are widely regarded as solid long-term investments by investment funds and ratings firms.

Globen

copper member

Activity: 138

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I see people saying it also, that it is better to trade altcoin than holding it, this is because if you understand the trend behaviour of altcoin, you could make profit faster because of it's volatile nature but for me, I just hold, because I am not a good trader yet.

karankamaze

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Quote from: Flooks on April 24, 2019, 02:59:03 PM

Quote from: trash321 on April 24, 2019, 02:45:02 PM

You need to be able to trade, I understood this many times, because I could have a lot more money now than there is a mind, and this is a very small amount, so I think that it definitely needs to be able to properly analyze

Now, with such a drop in prices for the Altcoins, there is a very large volatility when they break resistance to a coin. The price hovers around 2-3%.

now the market is indeed down so it's very good to buy now and in a few days I'm sure we can get a profit.
but indeed if our capital is small then our profits are also small so we must try harder to collect capital little by little so that one day our trading capital will be bigger so we can get big profits more, already.

Zhenka

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Friends, pay attention to the BIX tokens (Bibox Exchange). Their volatility is ideal for trading. In my opinion of the coins of the top 100 is the perfect tool for day trading.
Maybe everyone has their own trading style, but under my style it fits perfectly. Roll Eyes

trash321

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You need to be able to trade, I understood this many times, because I could have a lot more money now than there is a mind, and this is a very small amount, so I think that it definitely needs to be able to properly analyze

Alpinat

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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.

I guess it is because they need money and holding token doesn't make you get profit immediately. It will take time to get the profit and we all know that the market is not in good right now. So many of people do day trading instead of holding tokens. As simple as that.

mersal

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Definitely it will be one of the great opportunities for trading because we have lots of types in trading methods so how we can shoot for type with trading we need to go forward with our comfort zone that is the most important thing we have to find in trading.

investtra

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Activity: 364

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Altcoin for daily trading is very good and currently, the price of Altcoin is also experiencing very positive changes. It's time for us to trade Altcoin which has very good growth. I suggest you buy a BNB, this coin is very good and has very fast growth.

zarintasnim

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Day trading is not easy task if you are new in the trading world. First you should achieve knowledge about trading. Day trading is less risky to long term trading. Other hand day trading is less profitable.

ACheair

newbie

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Altcoin thread are very differentiated by itself. There are thousands of cryptocurrencies, of projects out here and many of them are working on a different rules than bitcoin, or even ethereum. It's obvious, but the differences are making them more or less volatile to market situation. Nonetheless i agree with an opinion, that many altcoins are very difficult to hold - for example, one of cryptos i held for months was FTO, and right now the price has dropped down a bit, but according to their medium (https://medium.com/futurocoinfto/a-futurocoins-masternode-5d51b23628e6) they are introducing some new solutions to their chain and masternodes system to be available for more people

Fuhre

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There are many reasons that make people want to trade daily using Altcoin, one of them is because if we they trade daily, we can get results in the near future, no need to wait a long time. But if it is " hold " then it is difficult to be sure for anytime we will enjoy the benefits, because if Hold, we must be patient waiting for prices to rise according to our target. If the price goes down, we will be nervous and anxious.

CLywaTeLb

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Quote from: Fuhre on April 24, 2019, 12:41:30 PM

There are many reasons that make people want to trade daily using Altcoin, one of them is because if we they trade daily, we can get results in the near future, no need to wait a long time. But if it is " hold " then it is difficult to be sure for anytime we will enjoy the benefits, because if Hold, we must be patient waiting for prices to rise according to our target. If the price goes down, we will be nervous and anxious.

Being an intraday trader is not as easy as it sounds. Daily profit is not always possible. Trade in altcoins is complicated by the fact that most assets are illiquid, there is no possibility to trade short (for a fall).
Holding is easy, but a long way for the patient.

Bonwin

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Coins that are already established are not the perfect ones for trading, except you are a whale who truly understand the nitty gritty of manipulating market. Most times altcoins are better choices for retail traders, mainly those who have limited fund. With your little fund, you can make so much profits from altcoins, particularly the new ones in th emarket.

ringgo96

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Quote from: semobo on April 24, 2019, 12:29:54 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.

Normally altcoins nit survive for too long so they were using it to make profits as early as possible.

The movement of altcoin is greater than bitcoin and also if our capital is not large, it is suitable for us to trade with altcoins. so what is clear is that indeed we must be able to choose the altcoin that is suitable for trading

herurist

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Quote from: Wong Gendheng on April 24, 2019, 12:30:27 PM

Quote from: Rimon365 on April 23, 2019, 04:25:07 PM

Yes, altcoin is best for day trading. Because altcoin is not as stable. If you keep hold, it will take a long time to get the profit. On the otherhand if you can day trade you earn a lot of profit in short time.

Yes right, the price of a roller coaster is a good indication for daily trading, this makes us likely to get big profits, the most important thing is to take risks.

I trade every day in several altcoins with good profits, but still I also have to be vigilant for that risk, trading daily won't saturate me in my opinion.

Wong Gendheng

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Quote from: Rimon365 on April 23, 2019, 04:25:07 PM

Yes, altcoin is best for day trading. Because altcoin is not as stable. If you keep hold, it will take a long time to get the profit. On the otherhand if you can day trade you earn a lot of profit in short time.

Yes right, the price of a roller coaster is a good indication for daily trading, this makes us likely to get big profits, the most important thing is to take risks.

semobo

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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.

Normally altcoins nit survive for too long so they were using it to make profits as early as possible.

danielchris

jr. member

Activity: 574

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I think it's very difficult for trading for altcoin day time. But it's a professional long-term. Also it's not easy to consider good altcoin whenever there are many different types of altccoin in the market. So we shouldn't invest without gain deeply knowledge.

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