Topic: Altcoin is for day trading - page 15. (Read 4327 times)
I believe that day trading are for experienced traders since it needs and requires you to be an expert in analyzing and deciding when and how much you would trade. It is indeed profitable plus the fact that it is faster than ROI. But this is not suitable for newbies they will be prone to being swayed by FUDs and based their judgement and actions on their emotions, they will lose more than they will gain if that is the case.
Not all of altcoin is for day trading. Like an altcoin that still fresh after the ICO finished and get listed on an exchange, usually the price that token will go down and it's not good for day trading, but it's good for long term trading because if you stored the tokens until the roadmap finish, the price will go up.
because altcoin is very volatile if it takes a long time it takes very strong patience, altcoin prices are easy to rise so many traders take advantage of it for daily funding
I think she used to be strong, now it's a different time and everything changes. With each time, everything happens, only somewhere sad, but somewhere positive. 
Day trading has so many negative points. It can lead you towards a big loss too.
Some people only do day trading , not everyone likes hold . Moreover, this can earn 10-30 % per day
I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.
It all depends on the season. If you day trade during bear market the probability you may get rekt is big. Eventually you will cutloss day by day until you get broke. 1 missed trade can eat all your help profit including some percentage of your capital.
altcoin is more subjected to market fluctuations and therefore it is more profitable to trade playing on the price difference.
With altcoins you can take advantage of the volatility of the market, if you hold a variety of them, they fluctuate at their own pace, one can go up, while other can go down.
As already mentioned here, day trading requires a lot of experience, a lot of free time and a decent bank so that you can make good money, because you simply will not have time for another job! if all these options are suitable for you then proceed, always work with stops, learn to close your transactions to yourself in the negative if you see that the market is going against you, in order to buy lower and thereby again enter into a deal on good terms. Follow the market and you will be in the plus
I think the most important thing that prevents people from trading successfully is the fear of being left with nothing. The money is the last thing you should think about. You must have only + and -. You should only see these things. Understand how much-you can afford to block and other strategies. 
The first time I've heard such a thing... I'm sure that bitcoin is more suitable for daily trading. Of course, you can trade anything. But alts must grow with the development of the project. Their price depends very much on this. You can just skip a sharp rise ...
As already mentioned here, day trading requires a lot of experience, a lot of free time and a decent bank so that you can make good money, because you simply will not have time for another job! if all these options are suitable for you then proceed, always work with stops, learn to close your transactions to yourself in the negative if you see that the market is going against you, in order to buy lower and thereby again enter into a deal on good terms. Follow the market and you will be in the plus
I think the danger of day exchanging is enormous, so I don't suggest exchanging day exchanging. I think the main ten digital forms of money in the long haul speculation market will be a decent decision, in light of the fact that the danger of putting resources into them is little, and There will be a great deal of space for development later on.
I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.
in my opinion, trading as well as holding altcoins, it does not matter, since altcoins price will change every day, I think holding altcoins for long periods will be better
Trading with alts can make you bigger profits than trading with BTC because the price range of ups and downs on alts is much bigger. Some alts could go several times up or down but BTC needs much more time to do it. So BTC is best for holding and alts are best for trading. But you can also make money off trading BTC if you do it at a right time.
I figure you can make great benefits just by holding altcoins and picking the correct time to offer them. In the event that you were purchasing in March or the beginning of April then you have no doubt observed 100% additions with a portion of your coins. Tolerance is key for this methodology yet teach is likewise imperative as a few times you need to cut your misfortunes.
Day exchanging isn't at all prescribed for okay and non experienced merchants. Just for the general population who are for the most part able to do well dissecting the market, may pull out all the stops.
Not all altcoins are reasonable for day exchanging.
In any case, the majority of them has the value which takes after toward the BTC with some postponement.
I imagine that the more drawn out the postponement, the more noteworthy the advantage for this coins.
In any case, the majority of them has the value which takes after toward the BTC with some postponement.
I imagine that the more drawn out the postponement, the more noteworthy the advantage for this coins.
Altcoins just have more price range intro day, that's why it's more profitable to trade altcoin than hold them for short term. But in long run, holder always win
Profit is greater if you know how to trade. But for beginners, day trading is not suitable. It's complicated. Experienced traders can lose money on day trading.
Altcoins can be good for day trading because you have many choice where you can just jump off after profiting to the current alt coin you have, You may actually lose money if you don't know what you are doing as exchange commission adds up.
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