Topic: Altcoin is for day trading - page 20. (Read 4335 times)

I think that altcoin is perfect for day trading. it is because the price changes experienced by altcoin is always so fast that the flow of price movement is very difficult to predict. therefore altcoin It is worth to be a short-term investment that is quite convincing. it's different when it becomes altcoin as a long-term investment, for me the nature and characteristics possessed by altcoin is not to be a long-term investment.

I don’t think Altcoins are only for day trading. The market is unpredictable there can be an Altcoin like Verge with bad news but its price is up or vice versa.

Daily trading is just a casino game and no knowledge will help you except that you will have 51% of guesses,the only normal tactic is holding.

not as you say and think, anyone who has knowledge of trade will do according to the situation. so, not all the same.
Essentially, if you have experience and insight about trading you will certainly do speculation according to circumstances such as this decline.

Hod on, I think that you need to do your research, if this is a potentially good project in terms of tech and inovativity.

but you need to be careful to choose the altcoin because like you said, you can earn around 20% daily if you can find a good altcoin so you can make a profit in daily. besides of buying altcoin, you need to manage your emotion because all of the altcoins is related with bitcoin price, so no matter altcoin wants to go, it will follow with bitcoin price so you need to prepare for anything that will happen.

some of the alts have such a volatility where you can earn around 20% daily and they go and come back around those prices whereas if something like that would happen with btc than a full of panic would occur.

Oh, a lot of traders still prefer to hold coins than to trade so I dont think that Altcoin is for day trading

Truly It’s not really logical to say if which one in these would be much riskier .Probably everyone has their own opinion about holding and day trading.  As you can see also there’re so many people getting benefit from day trading, but on contrary many others reap a huge fruits from day trading. It mostly depends on your skill and experience that leads you to choose holding or day trading. You’d better to realize which is much more suitable with yourself, don’t get concerned on someone’s choosing because your stategy is quite different from others.

I think that day trading brings less risks than long-term

This is a simple answer to your query,,,

With small investment/ or capital, buying altcoin with low price (let say below $20, or below $1) is more quantity w/c you can feel the profit after selling, unlike buying on higher price like btc, eth, zec xmr etc. .. 🤔😂

Day traders are getting QUICK PROFIT for their investment or capital.👌👍

Contrary,  Hodling the altcoin w/ a good future will be getting more profit in a week/month or a year.🤑🤗😎

in my opinion, altcoin is good for day trading only if the market is moving high and low every day. but if the market cannot predict then I think we cannot do day trading because this will make us get stuck in the high price. and perhaps, we can only try for weekly trading if day trading is not giving a good sign. I am sure that with day trading in altcoin, we can try to get more profit from many coins so we can earn more money in daily and we can get much money in monthly in the same time.

According to this, if in any case, I believe that everyone should be free to do whatever they like. And if you have a good knowledge of technical analysis, you can trade the day. If you are a beginner, I personally do not recommend daily trading. And also if you want to make money in crypto, better learn about how to trade with the day method and you can buy some good coins and hold for several months and years and then you sell it to get the profit you want.

Everyone trades in different ways . I prefer hold altcoins, others prefer fast sales ... it all depends on the person and free time

Over the past few months , hold does not make a profit, so the best option is day trading . You can earn at least some money

All day traders will loose their investment in the long run for sure. All gamblers will loose their assets, because this planet suffers from their destructive consumption.

If you settle your greed, and you are satisfied with perpetuation, you can collect the money from all thefts, the greedy and the manipulators.

For this you need to buy only the alts you have some confidence into, and you have to buy only with a small budget corresponding to your confidence. Balance all your assets, and rebalance them from time to time, this is the boring but human way of live.

Wait for long, Warren Buffett tells you so too. Leave your computer, play with your childs instead. The longer you wait, the higher the possible "profit" in a greedy world (disproportionally high with the price deflection). If the price dropped hard, rebuy some. If the price rised hard, sell some. You can "love" the market, the "profit" is for "loving". You should stop loving yourself, and start loving the natur.

Why is it working this way? Because in the average, nothing is rising or falling. Accepting this, you get protected by natural rules. Becoming rich is not possible for all, therefore it does not work, and you are not protected. But poverty is possible for all, and it will be enforced by a war, if we do not change our minds. War brings back our "assets" to the natur, where they belong to.

Maybe peoples who support it don't have time to waiting with their holdings. If they can makes fast income, why not ?
For me, altcoins and bitcoin should be hold for long term, either you hold the coins, or buy some tokens and hold it.

Not all altcoins are for day trading some stable and established top 10 altcoins are not mainly desired for day trading - long term holding is ideal.For newly developed and a promising altcoins are well suited for day trading.There are many lucrative earnings in crypto market if day trading is your forte.

well not all altcoin are good for day trading, but at least i think this is true all of that are being so good to pump in such a day, and much people getting after that anyway

Day trading is not at all recommended for low risk and non experienced traders. Only for the people who are all capable of well analyzing the market, may go for it.