Altcoin is for day trading - page 8.

IvugeoEvolutionCoin

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Quote from: ohyeahhaha122 on July 25, 2020, 12:17:38 PM

people may be right because during the downtrend every altcoins can be split many times at any time, but now I see the market seems to be going uptrend, so holding altcoins during this period is best.

Anyone who says altcoins are good only for day trading are not right at all, most of my big gains have been from mid term trading of altcoins honestly. The problem with most people is that they are never patient, any slight market dip they sell off their coins at loss. Day trading gives little compared to mid to long term trading.

rajakulam

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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.

altcoin investment has no prospects for long-term investment, so many investors and cryptocurrency lovers recommend to invest in daily trading.

ohyeahhaha122

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people may be right because during the downtrend every altcoins can be split many times at any time, but now I see the market seems to be going uptrend, so holding altcoins during this period is best.

husencoe

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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 altcoin follows the movements of the BTC, altcoin prices also go up and down very quickly and for altcoin it is not guaranteed if held for long-term investment.

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Quote from: MUG1WARA on April 29, 2020, 02:45:32 PM

because long-term hold altcoin sometimes hurts, why do I say that? because I've experienced it (I lost a lot of money)
I now turn to daily trading because it's more profitable that at least I can make around $ 2000 in one month

How was that true mate? Day trading is the most difficult thing I have known since my days with cryptocurrency. This require more time to analyze tokens and coins before trade perfectly, don't you think that; day trade should be more less profit low than middle term trade? Am a fan of middle term trade and long-term trade.

adekogbe

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In as much as day trading is very rewarding & highly profitable
A lot of people lack the skills required to be a successful day trader
So unless you have d skills i would recommend that you stick to the long term approach of investment which is safer.

Iyanu14

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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's is not correct. Everything depend on your purpose. There are good altcoins with lots of prospects worthy of holding. It would be wrong to say ethereum is for day trading alone. If you are a 24 hr trader, fine, but many altcoins can be held for good number of weeks or months and with a good return.

BeginToMine

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Most people trades Altcoin daily and some holds projects they are certainly sure of and have benefits of holding, some altcoins gives ROI annually or before and reason why people trades Altcoin daily it's before of daily profits and news. With day trading you are sure of daily profits and holding altcoins for long may not give you profits trading it daily would give.

ReliabilityAlert222

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Altcoins are suitable for day trading , but there are certainly some, Altcoins that are worthy enough of being hold for long term, the benefits they give to the holders. We all have a different strategy , ideas for trading . Day trading in Altcoin fair enough to have some bucks if u can afford it to take some risk coz its soo volatile .

imoet

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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.

People support altcpin depends on what they need. It needs talents and skills. So, we can not it is better from the another one. But almost people choose trading because of the benefit for them. They think that it is more easier.

Banadony

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Altcoin is highly volatile. it can make you rich in a single day and it can break you into penny the next day. trading altcoin takes a lot of practice to manage and trade. it is more volatile than bitcoin and might crash out leaving you pennyless. you might loose everything especially if it controlled by pump and dump groups. trading is not an easy stuff especially day trading.

Ezravdb

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people's views differ in how they respond, of course this is true in Crypto. because a trader with a lot of money will buy the top altcoin to hold in the long term. But for investors with not too much money they will implement a daily trading strategy in the sense that they target a 2% profit immediately sell and return to buy when prices fall by 2%.

ningrum

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Quote from: MUG1WARA on April 29, 2020, 02:45:32 PM

because long-term hold altcoin sometimes hurts, why do I say that? because I've experienced it (I lost a lot of money)
I now turn to daily trading because it's more profitable that at least I can make around $ 2000 in one month

$ 2000 in one month is an incredible amount, do you play futures trading ?,
or Spot trading ?, I want to follow you if I can Grin

shollyen

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Quote from: MUG1WARA on April 29, 2020, 02:45:32 PM

because long-term hold altcoin sometimes hurts, why do I say that? because I've experienced it (I lost a lot of money)
I now turn to daily trading because it's more profitable that at least I can make around $ 2000 in one month

That is a huge profit if what you are saying is true. If you are making something as much as this, then you do not need to waste your time joining any bounty again. Rather you should focus on your trading because it requires more time and attention.
I do trade, but day trading is what I cannot do, perhaps I am not so committed at it or because I do not know how to stay glued to the internet to keep on day trading.

MUG1WARA

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because long-term hold altcoin sometimes hurts, why do I say that? because I've experienced it (I lost a lot of money)
I now turn to daily trading because it's more profitable that at least I can make around $ 2000 in one month

suryapro

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because most of these traders trade for new coins that are undergoing good developments. but not coins that have long-term development. and I think this will produce for their daily

sky_Gritzz

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yeah of course Altcoin is really good for daytrading but if you want to hold maybe you can choose maincoin like ETH, BNB, BCH and other main coin.
because Altcoin is really risk and maybe someday it will be gone like scam.
because of thet people just hold maincoin and make altcoin for day trading to get some profir on it.

cytpoway121

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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.

This is a wrong analysis of day trading; When it comes to day trading; there are different strategies, methods that you can employ.
You can decide to trade usdt/btc and get your swift daily percentage
Likewise, another one can decide to trade btc/eth it all depends on your choice.

So stick to doing your research, master your strategy and understand the market before stepping in.
Always dyor.

fuer44

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because by trading, we can indirectly pump up the volume of buying and selling simultaneously in a short time. that way, the coin will continue to pump up the market cap and the impact on the price. but if hold for the long term, it is the same as we hold tokens to develop. and keep in mind also, if everyone holds in the long run at the same time, then the movement of the coin is almost 0 and it will actually make the price of coins difficult to develop. so, in addition to personal gain, trading is also useful to keep pumping coins constantly moving.

Rimon365

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Yes, altcoin is best for day trading. Because altcoin is not as stable. If you keep hold, it will take a long time to get the profit. On the otherhand if you can day trade you earn a lot of profit in short time.

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