Topic: Altcoin is for day trading - page 17. (Read 4335 times)
Other prefer altcoin for day trading, because they want it to hold for a couple of time not for long time trading because they faster profit or money to have it, that is what they only afford to do so, altcoin means a lot to them and they want to make the most out of it no matter how small daytime or short term trading is.
I think altcoin is not just for daily trading but altcoin can also be used for long term trading depending on the taste you want, if you save for the long term you should keep in coin which has very good product and very useful for people.
Use Altcoin for daily trading I think it was very nice. Because you want to get profit per day and it could avoid some of the risks of loss. But you also have to have a lot of knowledge and a good strategy to buy coins.
I think it is not right. It's depend on person who is interesting in daily trading or interesting for holding for years. If you have knowledge of daily trading then you can also put your efforts in daily trading otherwise best way to create worth is, you can hold it for years. Both are good way to create worth.
Altcoin is good for trading because Altcoin price price has the potential to go up faster than Bitcoin. especially if we can choose a good Altcoin, we will get a big profit. so if we want to trade altcoin we see first the market condition altcoin it. and a lot of good altcoin at the moment, like Ethereum, Ripple, Litecoin, Dash, Bitcoin Gold And so on. we can trade a lot of Altcoin at once, to get more profit.
I agree with your suggestion that altcoin are good for trading rather than holding for long term but if you do not have very good knowledge of trading, you should not try it but rather hold your altcoin for as long as you can make reasonable profit from it because to trading, you need to have good knowledge and experience so you will not trade at loss.
Alternative cryptocurrencies are more suitable for such daily trading. BTC is too stable for this manipuulation. As for me, I don't like this trading at all.
I think people do day trade with Altcoin to avoid the risk of big losses. Because Altcoin price is not expensive, still affordable. There are some good Altcoin and the price is cheap. If used as day trade, will not be high risk.
To be honest, altcoins are really used to a greater extent only to speculate on the stock exchange. All the rest is just a hoax, do you think that alcoins have a future? Probably there is, but only a very small number that really collect money for the development of the project.
Because the price fluctuation can bring very high profit. If you are suitable for daily trading you can choose. But if you don't have trading experience I wouldn't recommend that.
If you have enough time (maybe 15 hours in a day), you may trade daily and increase your money gradually.
But if you have a proper job or sth else to do, daily trade is not so logical.
But if you have a proper job or sth else to do, daily trade is not so logical.
As a part time day trader I was able to make calculated "bets" as to what coin I can try to make a trade with and how much will I buy and price I am going to sell it. It is hard and you need lots of guts risking your money for day trading, I have friends who have tried to do this but failed miserably I'm afraid. This is not really for everybody.
I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.
They are valuing more bitcoin and that's why everyone loves to hold bitcoin for long. While for altcoins, they are not giving too much importance too it and that's why they like to day trade altcoin which potentially can give them profit that can add their bitcoin holdings. And altcoin 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.
I also see most of the altcoins as the instrument for day-trading and not for long-term holding. I believe they are much more risky than Bitcoin or top altcoins like Ethereum, which means they have high risk – high reward. People don`t want to wait to get rich, they want here and now.
In my own opinion, I believe before you can conclude that altcoin are more profitable in trading than holding, you must have a very good knowledge and experience in trading and you know how to analyze very well because without all this, you will make a lot of lose in trading that is why I think holding is better even as this also needs good knowledge.
For me, day trading is for experts, for people who master the market trend. But also, for altcoin is not for day trading. Many alternative coins have more potential and some coins is good for holding for the long term. One just need to know how to identify what you hold and what you trade.
Depends on the altcoin. The ones for day trading are the ones volatile in prices , that's the best, for the ones with steady organic growth , they are better for long term trading. Or even hodling.
Because most of the alter coins has high volatile market an each and every day. So people can easily do day trading and earn some profit by using alter coins.
Dogecoin Is a very good coin for day trading because most of the time it moves around the same price so if you want to do the day trading you can buy dogecoin on the low of the day and sell it at the high of the day like this you can make a good profit from Dogecoin.
If you have enough time (maybe 15 hours in a day), you may trade daily and increase your money gradually.
But if you have a proper job or sth else to do, daily trade is not so logical.
But if you have a proper job or sth else to do, daily trade is not so logical.
There are altcoins that is good for day trading but there are also altcoins that is good for holding; example, Ethereum is a long term investment so it is better if you will hold it longer.
Jump to: