Topic: Altcoin is for day trading - page 12. (Read 4311 times)
Holding your alts is a good option only on an increasing market, but on a declining market it is not an option just holding and looking your portfolio decreasing day by day. Altcoins are very volatile and offers many trading opportunities.
I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.
There is kindda, a formed image that bitcoin is much suitable for the long run or long term trading in a sense that, altcoin's main purpose in exchanges are for short day trading or what we call, scalping. I rather consider it a standard trading pattern because I don't see any negative implication it can incur to the market.
Bitcoin for holds and altcoin for day trading. There will be altcoins that you can hold and is also capable of day trading. Depending on the altcoin choices you have, I trade with few altcoins but I don't want to hold them for long term. As long as there's volume for that altcoin, you may want to try day trading on it.
Well people use altcoins for day trading because is more cheap than bitcoin and they test it, and yes can be made some profits when trading altcoins if choose a good one and know how to trade.
I used to be very successful in siacoin. Ovent well walked in perdelah 5-7 percent a day.
Day trading needs time and I think you have to stay focused on your trades. I'm impressed and in awe of excellent traders that I know that are still young yet they earn hundred of thousands of dollars on day trading.
There are very few such traders who really make big money on day trading. 80 percent of traders just talk about their earnings. I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.
I think altcoin is better used for daily trading than to be detained. Crypto currency is very volatile so when it is detained, it is not necessarily in the future to have a better price. But if the altcoin is used for daily trading then every day we can take advantage regularly even though it is not directly a big advantage. However, I suggest trading coins that are indeed potential because if we trade coins that are less potential then the risk of our loss will be greater.
Day trading needs time and I think you have to stay focused on your trades. I'm impressed and in awe of excellent traders that I know that are still young yet they earn hundred of thousands of dollars on day trading.
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.
There are so many altcoins that will can hodl now.We have got so many altcoins with working product that if hodl will surely bring alot of profit.
In order to choose a coin and get a quick profit, we must carefully study the price chart of this coin and events in the near future.
Because it is much more unstable, usually an alt can have a movement of 10% or 20% daily, which would be huge in bitcoin, but an alt does not affect much, and if you know what you do and invest at the right time you can get that amount in profit, the difficulty is in knowing how to recognize the right time to invest and not lose your money.
Altcoins give better profits for day traders. One is because they are greater in number, like you have tens and hundreds of them to make trades on. You just study and know those that have market and trading potentials.
I don't think so, the altcoin is good for investment, and for now I think it's a good thing to buy altcoin then invest it and sell it when the market has risen
I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.
if in my opinion altcoin is good for trading rather than hold, that is because altcoin prices often go up and down, so if we use altcoin as hold then the profit earned is not as big like if we use it for trading, because if we use altcoin for trading then when the altcoin price rises a little we can sell it and when the price drops we can buy more because we already get profit from selling it when the price goes up, whereas if we use altcoin to hold then when the price increases we don't sell it because the increase is only a little and when the price drops we lose the opportunity to buy more because we have not yet get profit to buy more.
and through trading Exchange will generate more profits continue to increase.
I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.
In this case, it all depends on the coin. Given the current market situation, indeed, it is better to hold many coins as long as possible.
No it is not specified as crypto is 24/7 as every country is involve in it. So there is no compulsion for day trading.
There are some who still hold altcoin and they hope their coin will grow and explode but it is quite dangerous because Altcoin often does not retain his nature after a period of activity. High volatility makes Altcoin the centerpiece of day trading, so many investors are still making good money. And I see people like them really smart.
I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.
altcoin which has great potential in some exchanges will be easier to continue to be used as a good daily term holding. we can continue to see this as a good choice because the nature of the altcoin if held in the long run will experience a dump and for the pump must require a long period of time. so I think it's a natural thing if the altcoin is suitable for daily trading, I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.
Iam also did day tradings using some altcoins in last year. I think now not suitable times to do day tradings. Because this market condition is bad. Anyway altcoins are good for tradings more than btc trading.Jump to: