I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.
Altcoin is good to support running trading. besides that Altcoin is currently trading very profitable. because the high price of Altcoin this lot bring many opportunities. so this trading day not to be missed. 
Topic: Altcoin is for day trading - page 38. (Read 4335 times)
no , day trading is more risky. i have lost lot money from day trading. if you know and have 6 months experience then you can enter to the day trading. we can not say alts for the day trading. i am holding alt coins till this year end
It depends you can do daily trading or you can do long term, medium term and long term trading but for me i am holding my coins, I don't trade them. I will be patient and wait for the price to appreciate before I will selling off.
You have to look history of the price action of crypto, all the price of crypto just like pump dump. That why trading actually best idea to make money in crypto market. Buy at the bottom and sell in the top, and then wait for deepest price again to start buy again. By doing trading when bullish market we can make more than 100% amonth and we can compound it and finally we can earn big profit. When jump in to crypto should understanding how to trade to minimize the risk of invesment.
I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.
This is simple because altcoin movements are more fluctuating and more transactions in my opinion on the exchange, you should often see altcoin chart to understand it, let alone the goal of day trading is to get a 1 day porifts that allows with a fast movement is altcoin. I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.
this time is good enough to run trading. because the price of coins began to increase. so by running the trading, we have a chance to get a fairly high profit.
I'm trying to trade now. I do not leave the coin completely. for example, I plan to keep the coin for 5 years, but during this year the coin has a good shaft, and with the help of trading I can significantly increase the coininess of this coin in 5 years =)
I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.
Because altcoins are more volatility than bitcoin, but it does not mean that altcoins are only good for scalping/day trader because there some altcoins that have a good potential in future like ethereum and neo this coin is good for long term also.
I want to say, Altcoin is good for trading because Altcoin prices have the potential to go up faster than Bitcoin. especially if we can choose a good Altcoin, we will get a big profit. And Dan altcoin can be good for day trading because you have many options where you can jump after getting altcoin you have.
I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.
Perhaps, for now, it is still not good for trading because the declining altcoin price resulted in many people who choose to invest and buy altcoin for the future, because altcoin trading is faster because market conditions can not be predicted
day trading done by traders who already have experience, they can analyze and can read the situation alt, day trading profits are good but if you just buy alt origin maybe it is a big mistake
Altcoins are good for day trading because they have more rapid fluctuations as compared to some of the older more stabilized markets. are you really making more money if all of your time is spent obsessing over little fluctuations? you could be doing something more productive with your time.
Because its volatility promising higher profit than holding. Holding is bad idea if you want to make money in crypto, for the better learn about how to trade it with methode day or swing trading. By trade it you can turn your money more faster than holding but offcource you have to spend times and effort for that.
It depends upon the situation. We don't how an altcoin is volatile. Maybe, there are coins that fluctuate much but not at all. The idea of holding is not bad, we hold because we want to have more profits, we are holding in order for us not to have a big loss. I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.
IMO it is just because altcoin has more volatiles than bitcoin itself, this happen because some altcoin are trade with BTC pair & some of it doesn't have your local currency pair. So the price are more unstable than bitcoin itself, so IMO it is good & bad at the same time for dailly trading. Some of it just like pump & dump chart, so keep on their social media or announcements information to get some proffit on trading.
Margins are higher but some argued a simple breakout would just nullify your efforts if you aren't careful, day tradong is about giving 100% focus which is totally against hodling, in my opinon day trade definitely is better for ONLY for those with skills, spending hour analyzing and placing deal on a list of researched short term position is not a thing for any ordinary person with job.
It all varies from person to person. Good traders watch charts and news closely and trade in and out and make good money or increase their coin positions handsomely. Most people cannot do it on their own so buy and hold is simpler for them.
Well, you want to make a profit of 100% per month and invested in bitcoin. but he stands still. but you see that some sort of altcoin during this month made three times 25% each, that is, he grew up then rolled back and then grew up again, and on that you can earn 100%
how many people have so many opinions. all are different and the strategy of playing the stock market depends on this. Someone wants to control the market and monitor it to make money here and now. And someone does not want to do this and only works long.
In any trading, one would want to have a profit for any project or ALT coins share during the day. Market Trading is Unpredictable. It goes up and down at any given time depending of the movement on the trading volume. as simple principled applied or followed by Traders, "Buy Low and Sell High". good luck.
Altcoins are good for day trading when there is volume to do so. Bag hodlers not included. Over time, you will find that in time your gains will be higher if you happen to make the right pick to go long on and come back some time later. You won't see any 20-50x gains off day trading. You may actually lose money if you don't know what you are doing as exchange commission adds up. You also have to be aware of BTC value of your altcoin as it fluctuates and not only the dollar value unless cashing out immediately to fiat.
Jump to: