Altcoin is for day trading - page 31.

ShadowBits

hero member

Activity: 994

Merit: 504

Quote from: brawdias on April 17, 2018, 07:46:08 PM

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

There also some good altcoins to hold. But I see some shitcoins that should really be only for day trading and not for holding it for too long or you might end up crying.

kruzer200

member

Activity: 420

Merit: 12

= DINNGO = https://dinngo.co

For me, day trading is still too difficult because in this business it is necessary to analyze the market and the course of coins as well ..

paul heman

newbie

Activity: 182

Merit: 0

Quote from: brawdias on April 17, 2018, 07:46:08 PM

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

running trading with Altcoin is quite interesting. because at this time Altcoin prices are rising so the possibility of profit from trading is quite high.

bit-freedom

sr. member

Activity: 658

Merit: 256

I feel that altcoin is also suitable for holding if the project is good. Day trading is good if there is bigger trading volume. And it is more suitable for experienced traders.

StevenPop

newbie

Activity: 196

Merit: 0

Mostly why people use altcoins for day trading is that seeing that they are still new, there is still the potential for the price to rise to 1000 or higher percentage of their current prices, something we know that bitcoin did but seeing how high the price of bitcoin is now and how far bitcoin has come, this is not a very likely outcome for bitcoin but with altcoins, you can make that much profit.

StevenPop

newbie

Activity: 196

Merit: 0

Mostly why people use altcoins for day trading is that seeing that they are still new, there is still the potential for the price to rise to 1000 or higher percentage of their current prices, something we know that bitcoin did but seeing how high the price of bitcoin is now and how far bitcoin has come, this is not a very likely outcome for bitcoin but with altcoins, you can make that much profit.

Houseman

member

Activity: 156

Merit: 10

For me, altcoins is really for daily trading. I will just hold my bitcoin as it has the value to hold. But for altcoin like Eth, i will use it to invest in ICO or other project that have potential.

puremage111

hero member

Activity: 1568

Merit: 511

Quote from: brawdias on April 17, 2018, 07:46:08 PM

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

Well, everyone has different types of strategy and different ways of handling their coins
Some prefer to hold, some prefer to buy sell buy sell, it really depends on how the person trade style is Tongue

bitmattrix88

member

Activity: 504

Merit: 10

FABA-BREAK THROUGH IN VENTURE CAPITAL MARKET

Day tradings are better every day to an upmarket. But in some cases, there is a downturn in the market. There are no traditions on this day. I think Longterms Investment is the best choice for this Cryptocurrency shop.

insomnia79

newbie

Activity: 140

Merit: 0

From this forum we can get altcoins free with bounty program so people know from it and doing trading, because the bounty program sometimes make competition about it to teach people and advertise people to join and doing trading in cryptocurrency or spesific coin

hanapre

newbie

Activity: 276

Merit: 0

Good traders watch charts and news closed and make good coin positions very well. Most people can not do it themselves so buying and buying is easier for them. You will not see a 20-40x profit from day trading. You may actually lose money if you do not know what you do when the exchange commission increases. You should also be aware of the value of Bitcoin from your Altcoin because it fluctuates and not just the dollar value in exchange.

dasha_buka

full member

Activity: 392

Merit: 100

The fact is that working with ALTs you have a huge field for maneuvers. Performing a large number of transactions can earn even in the falling market.

skaya7

jr. member

Activity: 196

Merit: 1

I do not understand too much money I think they are missing.i personally find it very difficult to cash out my investments because there can be an explosion in the market at any moment

Procopiogamscrypto

newbie

Activity: 210

Merit: 0

Quote from: brawdias on April 17, 2018, 07:46:08 PM

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

Imagine if you use bitcoin with a market cap of 149 billion you need a bulk buy and sell transactions to create a movement in the market and it needs ample of time to do it, whereby using any alternative coins in a day trading is a better way because you can easily determine the massive movement of a coin due to small market capacity.

Jassi.21jaspreet

copper member

Activity: 210

Merit: 0

not for day trading .. it should be hold for longterm bot for day trading..
trading is always risky: insted you should place the sell order or buy order at your prices. not intra day that can take weeks & months also to get your prices.

makawa

member

Activity: 222

Merit: 10

Quote from: brawdias on April 17, 2018, 07:46:08 PM

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

Of course they take advantage of fluctuations to make a profit. Traders like this may have to check the smartphone every 5 minutes. Some people did. But I think this is not a part time job.

Gontxi

sr. member

Activity: 966

Merit: 250

Quote from: brawdias on April 17, 2018, 07:46:08 PM

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

I think, not as you think.
for example, I have altcoin that I hold for quite a long time. until now I have held it for almost a year. although every situation always changes the fox over its value itself.
there are other ways to make a profit, as you say. Short trades are the most effective for generating quick profits.
so you can do anything depending on what you are planning to invest or trade quickly.

moonriver

full member

Activity: 392

Merit: 152

Quote from: brawdias on April 17, 2018, 07:46:08 PM

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

It is true that many altcoins are only for day trading.
I'd suggest you skip these altcoins, since it is possible that you will be the bag holder in the end.

jinnyjinny

member

Activity: 280

Merit: 16

Volatility can as help to make you more reach as leave you without pants Wink

Don't forget! For beginners this method is suitable only if you have an experienced mentor who will help you with every desicion. Otherway the holding strategy is more save for you.

DaMut

sr. member

Activity: 1274

Merit: 263

Quote from: Rlyn on April 21, 2018, 07:02:13 AM

because it is much easy to gain profit in trading than holding it. some do the strategy of trade now and hold later. they trade while the market is good for trading and exchange it to an altcoin which is good for holding.

seems like you are confused.
compared to holding,doing a daily trading is a difficult task to begin with.
because it needs a lot of attention,research and other things to accomplish the trade unlike holding it.
also in term of profit,holding is way more better because it generates more profit from what we are doing in daily trade.
when holding it,we are focusing ourself to reach certain point and gaining a profit based on a bigger picture unlike daily trade.
in daily trade we are focusing to make a profit for every trade that we make.

Topic: Altcoin is for day trading - page 31. (Read 4335 times)