Topic: Altcoin is for day trading - page 6. (Read 4327 times)
To do daily trading it look like alt coins like BNB, DIA, and LTC are very suitable to choose because these alt coins have a large volume of trading transactions in the market, besides that cheap alt coins can also be very profitable if we use day trading, but of course day trading will only give us a small advantage and of course we have to always be on standby to monitor the graph screen of the alt coin price in the market, and I think it's quite boring because we have to stay in front of the computer screen.
I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.
Day traders are indeed those who are to be into altcoins because of their behaviors, remember that, altcoins are different from the Bitcoin itself. Many of these day traders I know are deep into the altcoins because of their potentials in everyday trade. Sometimes I do trade altcoins too and what I discovered was that, those altcoins aren't good for long-term. Holding a coin means keeping it with you for a very long time and in the hope of making a huge profit.Nowadays, everyone is looking at trading, they have targeted the best coins. They can make a lot of money by buying and selling these coins in the market.
Nowadays, everyone is very interested in Cryptocurrency and day trading. I’ve been trading crypto since 2018. I think it is worth considering the best coins in case nothing to loose or minimum the loose. At the end we'll lose it all if he doesn't know how to trade.
It depends on the trader himself whether they decide to do day trading or for a long time, and not all altcoins fluctuate very high, some altcoins such as eth, xrp, bnb, xem never fluctuate more than 50% if btc does not experience a similar decline .
so btc can also be used for day trading.
so btc can also be used for day trading.
There are altcoins which are not for day trading at all by nature of it. For example eth is not for day trading, there is a million things you can do with eth, use it (some places accept it along with bitcoin), use its blockchain (all the dapps and defis and all) or even mine it if you want, there are tons of things you can do with eth that I can't name right now because it is a looooong list of things you can do with it. Or look at DASH for example, it is a coin that people get as much as they can so that they can do masternode for example, because it pays such a well amount with a certain amount of masternode of DASH you could actually never work again, greatest passive income coin. So all in all there are dozens of coins that is not for day trading but obviously there are ones who are only good for trading as well, you just need to figure out which one is the one you are using.
look at RNDR and SWINGBY now , its look cheap now and have good potency to growth in near time. Swingby has good fundamental in Q4 , mainnet will launched in this quarter. for another coins we must research and analize carefull to get best result in our trading.
Holding a coin means keeping it with you for a very long time and in the hope of making a huge profit.Nowadays, everyone is looking at trading, they have targeted the best coins. They can make a lot of money by buying and selling these coins in the market.
I lost faith in holding any Cryptos not top 20 on coinmarketcap for a lot of reasons. The top being that these other projects are not stable yet. They can easily close shop with users funds. Their instability can cause them to make really crazy moves and I'm not the one to take the burn of the fall
It is depend by the person, for me ethereum worth to be hodl as long as i want whenever i dont reach the target price i believe with the team behind ethereum i believe ethereum have bright future with ethereum 2.0 but if you want to trading it for day trading you can find another coin that more volatile price, the coin that can move 100% or almost 1000% like uni coin or sushi coin
I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.
It is depending on the type of person and the altcoin that he is having. Personally I don't have the patience and mindset of a trader so I don't do trading whether is btc or alts.
Altcoins is good for trading and people get profit easily. Altcoins pump and dump very fastly so some people choice it for trading. But all people not use altcoins for day trading. Some people hold it for long term. So i say It's totally depends on Project which you choice.
Many of the top altcoins are great for long-term investments, but not all are good because there is certainly a risk in choosing to invest. I will usually choose coins that are in the top 10 CMC because these coins do not fluctuate much and will often depend a lot on the price of Bitcoin. Of course, choose to add new coins that have just launched in this market because if you are lucky you will make a profit from x5 to x10 compared to the original.
I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.
It depends on you, because if you want to get a big profit from investing in altcoin, then you have to hold for the long term, but if you want to get a daily profit then you have to trading and in my opinion not all altcoin can be used for trading, because there are some altcoin that must be hold in the long term to get profit.
Altcoins is good for trading and people get profit easily. Altcoins pump and dump very fastly so some people choice it for trading. But all people not use altcoins for day trading. Some people hold it for long term. So i say It's totally depends on Project which you choice.
not everyone conducts daily trading on altcoin, as for the reason some people do daily trading because the price fluctuations in altcoin are quite high with the value of the value of altcoin is still quite cheap compared to bitcoin.
Altcoins prices are very cheap, only without some top altcoins. Cardano, Ripple, Litecoin, Chainlink, stellar and Vechain aren't good for day trading. Fast price fluctuations of altcoins could be a good pair for day trading. How can I earn from day trading when the price is falling or rising continuously, so I can't support day trading.
not everyone conducts daily trading on altcoin, as for the reason some people do daily trading because the price fluctuations in altcoin are quite high with the value of the value of altcoin is still quite cheap compared to bitcoin.
Finally someone came along and thought along.
I really see it frustrating and needless to hold altcoin. If I want to invest and hold, I have ETH, BTC, etc.
But for altcoin, I'll rather day trade and make my profit while I can
I really see it frustrating and needless to hold altcoin. If I want to invest and hold, I have ETH, BTC, etc.
But for altcoin, I'll rather day trade and make my profit while I can
I don’t think everyone doing day trading, like me i am hold alt for pump and i am selling my coin for target price to get profit on it, not all alt for holding few token can hold for safe i believe ethereum, LTC, XLM, and ETC
LTC is already not an interesting tool for investors. it just has the volatility that allows you to trade this tool. but investing in order to hold this coin in a portfolio is more dangerous than hold coins from the top 500
For sure it's not that easy anymore, you need to work with your investment and not just focusing with how bitcoin will move,
though there's always possibilities that this kind of strategy will work if you'll going to twist things up, apply your knowledge and see if your assessment will work, it's all about how you'll be going
to predict and anticipate your position.
I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.
I don't use altcoins for day trading so I can't judge on this one, I just feel that Bitcoin is more suited for trading with USDT pair because Bitcoin has a more stable value than altcoins and more safer too, another good coin for trading is NEO because it quickly respond when Bitcoin revaluates 
Keep waiting until bitcoin really on higher price to get moment for altcoin on the top price, but when looking bitcoin still up and down is not good moment for trading suddenly altcoin could crash lower price when bitcoin down, but after bitcoin break to higher price we can try to trading and keep get much profit.
This strategy is not going to work all the time. Altcoins can no longer depend upon Bitcoin for their survival. Cryptocurrency has been in existence for more than 11 years and it is shameful that even after all these years the altcoins are incapable of an independent existence. It is not surprising, given the fact that most of these coins don't have any real life usage.
For sure it's not that easy anymore, you need to work with your investment and not just focusing with how bitcoin will move,
though there's always possibilities that this kind of strategy will work if you'll going to twist things up, apply your knowledge and see if your assessment will work, it's all about how you'll be going
to predict and anticipate your position.
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