Altcoin is for day trading - page 36.

Phil419She

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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.

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.

Naficopa

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Quote from: ninio on April 18, 2018, 12:12:59 AM

altcoin is better for day trading because of its volatility it changes its value every minutes so thats why lots of trader invest in altcoin because they can earned from it immediately compare to hold it for a long period of time. Trading is a platform to get easy money when it comes to crypto currency and altcoin is very usefull in this kind of work.

Yes, day trading is good if you have knowledge of technical analysis and you know what you are doing. Experience is essential. Otherwise you will lose money. And such a lesson can be painful. It will be better to learn to trade on some cheap coins where the potential losses will be small.

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Quote from: Eraldo Coil on April 18, 2018, 02:51:53 AM

For beginners, I think it's better to be a bitcoin or ethereum holder. Later on as you gain knowledge you might go in for a trade on a daily basis since trading is a lot more profitable than holding because of the volatility of the altcoins especially in quarter 1 of cryptocurrency currently.

Well you can't get the hang of it if you don't try it for yourself and just keep on holding coins. I learned trading not through btc and eth but through alts like doge and digibyte. Of course btc and eth are for long term but if you want to get the hang of daytrades, learn about lesser alts as well

burakdat

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Yeah the same thing also goes in my head. I do like to support altcoin but the problem is that we could not rely on its volatility since it is not that established like bitcoin and other leading cryptocurrency. However, if the crypto is being supported by the community or you are involve in that community then supporting and investing in it is the best actions to do. Relying on the community is better than having a highly educated guess on the possible happenings around of the market volatility of that altcoins. So probably the common of the investors with altcoin is by being a day trading. Investing and then later on will not hold that much in the process of getting effort on it. And i think it is too risky also to trust an altcoin that is not yet establish compare to bitcoin and ethereum.

Eraldo Coil

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For beginners, I think it's better to be a bitcoin or ethereum holder. Later on as you gain knowledge you might go in for a trade on a daily basis since trading is a lot more profitable than holding because of the volatility of the altcoins especially in quarter 1 of cryptocurrency currently.

brio18

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today bitcoin has declined in price, is not a good time to sell but it could be a business opportunity to buy it then trading at the right time.

the rise

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Quote from: maman09 on April 18, 2018, 02:30:32 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.

what you think is wrong. everyone has different what about trading.
Well, of all this. the most important role is experience and knowledge. someone must decide to make a profit. if you are more interested in trading, you should seek knowledge and extensive understanding in it

altcoin prioritizes the quantity with the volume that can be divided into many altcoins with their respective concentrations and fluctuations, altcoin is always more attractive because it is so varied that potential losses can be minimized by focusing on some coins to be sold or purchased, this condition is very different from the running bitcoin homogeneously and better for long-term conditions.

sourish

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It makes sense to day trade alts, but only for people with trading experience and mental acuity. Works for alts because of the sheer numbers and projects and their start up rates, where you can make quick profits.

0t3p0t

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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 traders has huge and instant profit tha hodlers which took so long for them to earn profits. Holding for me is only good for those solid coins like Ethereum and Bitcoin or those that are in top fifteen on coinmarketcap. One thing is that Altcoins are super cheap most especially tokens compared to those that are already exchanges like BCH, ETH, BTC, DASH etc. Though trading is much risky than holding as we only need to wait and keep our coins in a safe place within a couple of years when holding and that is an advantage. But what if you are doing both? Trading Altcoins and you hold your profit through Bitcoin or Ethereum? Isn't it a good combination?

maman09

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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.

what you think is wrong. everyone has different what about trading.
Well, of all this. the most important role is experience and knowledge. someone must decide to make a profit. if you are more interested in trading, you should seek knowledge and extensive understanding in it

altsMlk

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Trading and hodling is 2 sides to get profits. If you are a good trader, you always try to trade, not to hodl. Most of guys say that hodling is more profitable than trading, alts trading is a worst thing, experienced people hodl their coins.... blah blah. But It depends on what you are experienced in. For me, Im not a good trader. My only way to make profits by alts is collecting some coins/ investiong on icos ans hodling.

Euroda

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I think for newbie it is not preferrale because you need and a lot of expereince and also funds because if you do not know what you are doing you are just wasting time and money but altcoin can be used for daily trading

menggay16

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Not all.
Some investor or holders of alts may contradict. Probably holders of some alts for today is the big funds investors. Like the other investors most especially that their investment is coming in many ICO or any exchanges. And i think most players in tradings today is one of thouse many investors that they see trading trend is the alternative way to recover their investment in short method.

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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.

Not all of them i have a friend holding altcoin for several months untill now.Its up to you my friend you can do what you want,you trade,sell or hold.Sometimes altcoin have no value for a long time to hold thats called shitcoins.

rucapri0

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I think so because many altcoins do not have the potential for long-term growth, but they have sufficient volatility

Serco

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altcoin development is very difficult to guess, sometimes the price becomes up and down. if you choose trading, maybe this is suitable for you. because trading chooses to get a quick profit compared to investment. if investing, maybe you will not make a sale, but you will keep it until the price according to your wishes. I personally choose to trade in altcoin, and invest bitcoin and eth. I hope my investment money is useful for my future.

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Because you can not be sure of altcoins since in the basic coins.
And if you invest in little-known altcoins, then there is a high probability that in a day this coin will grow by 60% and the next day it will drop by 80% Wink

camryku

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Because altcoin is now green again so many people are selling altcoin today maybe this is a chance to get a little profit then some people choose trading today, if for myself sell altcoin only a few, because altcoin will experience more growth than this

Zyborg

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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.

Yup it's true but not valid for all Altcoins.you can do day trading with your ETH,XPR,LTC, these coins are good for day trading except ETH,you can hold ETH for long term trading as well.I am doing short term trading with these coins and earning considerable profit.there are some Altcoins which are undervalued and can be held for long term like ETH,ADA,EOS,DASH,WAVES,MIOTA.

asus09

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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.

in fact there are many differences of opinion and so does the plans of all members here. In essence, knowledge and experience are very important. I am a crypto trader, doing trading activities with bitcoin and other crypto. some of the altcoins I bought have been planned to be stored for a period of time. so it's not all the same.

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