Altcoin is for day trading - page 35.

klixion

sr. member

Activity: 645

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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.

That is not necessarily a true statement. I do trades but my main method is investing in cryptocurrencies. Hodling has given me larger profits than trading on a regular basis. It's difficult to pinpoint the tops and bottoms so I just hodl until I am happy with the amount of profit I will receive.

richan

member

Activity: 392

Merit: 11

Altocoin prices can move higher and lower during the day and the fluctuations makes it possible for anyone who is fast to buy and sell within the day. But it needs experience,patience and knowledge otherwise you will lose a lot of money. That is the reason why bot or EA can do much work in day trading than manual.

Tetep Mesem

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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.

because the price of Altcoin is quite high, so by running the trading will give an advantage to us. besides the market rarely rises. so this opportunity is very valuable.

roadwell890

member

Activity: 490

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each person has a different passion, they can live happy with trading every day
but some are not suited to trading, they usually invest in ICO and each person who is a member of the crypto community always gets things they love

DarkBullet

member

Activity: 336

Merit: 55

Altcoins really are profitable in day trading specially if those platforms was just listed in the market. Day trading is effective when the bulls are on the run and when an altcoin hype is on the front line. Altcoin price swings back and forth everyday so day traders prefer to play with it. Besides, it collects lower fee and faster transaction in every trades than bitcoin. A goal to bring down bitcoin is the main purpose of all altcoins.

aussiesloth

member

Activity: 266

Merit: 41

I certainly wouldn't generalise the statement completely. Perhaps "some" Altcoins are suitable, but there are certainly some alts that are worthy of being held longterm, for the benefits they give to the token holders.

Exchange tokens (eg. Kucoin, RKT), passive income tokens (loads to choose from), franchise tokens (eg. MWAT), and those that are almost ready to take off (eg. SAFEX) are worthy of being held onto, IMHO.

kodtycoon

legendary

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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.

Yes because everyone has his or her own way of looking for profits on crypto, but I personally would only choose to hold it for a long time.

acell101

newbie

Activity: 109

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.

Because they want to hold bitcoin so they sell their alts to buy bitcoin..They believe in the potential of bitcoin.. Bitcoin has a great potential in terms of investing so they sell their alts and invest in btc.

Dervish doff

member

Activity: 1134

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in my opinion, a token launched by a new company altcoin, better if the token share is sold on hold, I see only at the beginning of getting a good price, and I do not often hold against new tokens.

altcoinhunter01

member

Activity: 840

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There are many altcoins available for trading but trading is very risky game for newbie's. Trading requires lot of skills and study otherwise you will be a looser always.

edgycorner

sr. member

Activity: 1064

Merit: 382

Hurrah for Karamazov!

Thats not true for every alt mate.There are countless altcoins, each alt has a different purpose with different aim.All of them take different roads.Some roads go up while most of them only goes downhill.
Most of them are for day trading, true! But not all.Coins like xrp, rides on FOMO fuel.People pump those coins and dump them the other day.Causing a consecutive bull-bear run.
You can count all the shitty coins in this category.

While we have some really goood alts.They are meant for long holds, you have to be smart to find such coins.They have a purpose with a realistic roadmaps.Look out for such coins and invest in them!

IOST is one of them.They have a really knowledgeable dev tem, who knows how to code there way out.They have an achievable roadmap.And are already listed at major exchanges.I am not suggesting iost, just because I am wearing the signature.NO! This token has potential to reach a stable high point.Read the whitepaper for yourself, before investing tho.That will give you an insurance.

Good luck to anyone who read this!

JungleBadman

newbie

Activity: 154

Merit: 0

If you know how to trade then trading alts will give better returns than trading BTC due to higher volatility. That doesn't mean you shouldn't hold altcoins though, as many of them have made 100x gains or more. Day trading is very hard to get right consistently, so although it is more profitable, its not the best choice for beginners and some intermediates.

aizen10

full member

Activity: 546

Merit: 100

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.

not all people are just suits for day trading, more of us are holders that suffering a lot of time and effort just to not really hard drop the coins they holding. because most of the people are wants to get earn in a very short period of time like in day trade. altcoins that has a good potential to grown in the future are getting more volume in the markets, and thats the chance for people who wants to earn in day trade, while holding a good coins for the future is more profitable than day trade.

Bokugo

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Quote from: websoftwareengineer on April 18, 2018, 06:27:18 AM

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.

You need to be smart if you want to become a trader, you also need to learn how to handle your feeling when the market price is decreasing in order to avoid panic selling that will make you lose a huge amount of profit.

Many traders invest in altcoins because their volatility changes in value every minute that's why altcoin is better for day trading, they can get it immediately compared to holding it for long periods of time. In doing trading that earn money easily when it comes to crypto and altcoin currency is very useful like this

websoftwareengineer

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Blockchain with VTOS energy

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.

You need to be smart if you want to become a trader, you also need to learn how to handle your feeling when the market price is decreasing in order to avoid panic selling that will make you lose a huge amount of profit.

tansoft64

sr. member

Activity: 532

Merit: 253

It also depends on the altcoins movement in the market if that token has a fast market trades then it is good for day to day trading if not then hold or sell if it's profit already.

bastian466

sr. member

Activity: 1372

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PredX - AI-Powered Prediction Market

for me all profitable trades every day and hold but better trade every day to a very fast profit if holding takes a long time

7788bitcoin

legendary

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Merit: 1023

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 nothing wrong in trading alt coin on a daily basis, but to have a bigger impact on the risk you take is to invest in good projects when the market is down and hold till the market recovers, since there are plenty of exchanges now, arbitrary trading will give you a decent profit if you are trading with a larger amount, but make sure that the price you enter is a good one which is the most important part.

Ksenia4Ksenia

newbie

Activity: 146

Merit: 0

I prefer trading on the news!
Lately, there have been about a dozen burning of tokens of notable projects. This includes VOISE, and TRX, and PRL - and several others. And the results of observations will really impress you. For example, in VOISE, the price of tokens after the burning reports jumped by 118.6%. TRON was pleased with the growth of 60%, PRL at 34.4%. And so on. Minimal growth against the news of the burning was at MANA (+ 22.6%).
At the same time, not always the growth falls on the same or next day after the news. For example, DGPT did not grow at all after the announcement of burning tokens, but in two days made + 101.6%!

Allura74

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Quote from: Phil419She on April 18, 2018, 03:38:03 AM

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.

Yeah you could say that the best in day trading is through altcoins, because they are more volatile and have very high tendency to rise or drop depending on the coins.

Yes, Altcoin are mostly used by day traders because of its volatility or the frequent changes in market value, they can make easily profit as long as they are keep monitoring from time to time and in terms of value the Altcoins is not so expensive to buy and it is mostly affordable, but there are still people who have always positive in holding and hold there altcoin for a long time.

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