Bitcoin versus altcoin trading | Bitcointalksearch.org

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: _act_ on December 22, 2024, 04:08:43 PM

This brought up a the question my mind. Who made money this year in altcoins trading than bitcoin?

I have been studying altcoins market this year and I noticed there were manipulations I was not expecting. You can see a coin that will suddenly within 45 minutes to 1 hours pumped 3 to 5x and later within an hour be dumped 3 to 4x. I do not think that should be a market someone should be interested in.

the coin that did this usually are low volume coin with small mcap, no way people will manipulate big FDV coin like SOL, ETH or XRP, the growth so far has been pretty organic.
also if you see some alts doing 4x and dumps 80% the next minute it's probably some random pump and dump group doing their stunt.

but if you just stick with the big mcap alts in general you won't see such manipulation, you see even XRP after doing 4x still floats around that price mark, despite retracement, still pretty strong on the higher side of the price.

MusaMohamed

sr. member

Activity: 966

Merit: 306

Quote from: _act_ on December 22, 2024, 04:08:43 PM

To manipulate bitcoin market is hard and bitcoin has been better with technical and fundamental analyses this year.

Fundamentally better, it's true but Bitcoin market is small and still easily manipulated than traditional markets.

Quote

There was a friend that told me he made money with altcoins as a trader (but not as a holder) this year.

This brought up a the question my mind. Who made money this year in altcoins trading than bitcoin?

It's possible in a bull run, and if your friend traded with spot, not with margin or futures. If your friend traded with Margin or futures, I am very doubtful that your friend could manage to avoid liquidations with many big corrections in altcoins in 2024.

If he could, congratulate to him, but gaining profit with altcoins in bull market, altcoin season is easy. The harder thing is to secure your profit and initial capital when a bear market starts and lasts for several months.

Altcoins are more vulnerable with corrections and bear market than Bitcoin.

logfiles

copper member

Activity: 2198

Merit: 1837

🌀 Cosmic Casino

Here is my take

1. Trading Bitcoin; Much safer but less volatile (meaning less potential percentage gains over sometime), require patience sometimes.
2. Trading altcoins, especially brand-new coins or meme coins: very risky but very volatile (You could easily make huge gains or huge loses!)

Earlier this year, I traded a few meme coins on Solana and made about 9x to 10x within a couple of weeks. But the risk was also very high, I was so lucky to exit early enough before the dumps or rug pulls.

BITCOIN4X

legendary

Activity: 1974

Merit: 1150

Quote from: _act_ on December 22, 2024, 04:08:43 PM

This brought up a the question my mind. Who made money this year in altcoins trading than bitcoin?

I'm not an altcoin trader, but I invested in a few altcoins so far. Even though bitcoin is the best investment, I never ignore the opportunity that altcoins present to increase my returns during a bull cycle. Good fundamentals in bitcoin also helped altcoins to grow several fold, of course hence I took advantage of opportunities and earned returns.

To be honest, I managed to get returns from several altcoins so far even though I actually sold them at certain prices gradually. I do it because I believe altcoins can also give me returns, so not only bitcoin can give us returns.

Odusko

hero member

Activity: 1106

Merit: 526

Leading Crypto Sports Betting & Casino Platform

Quote from: _act_ on December 22, 2024, 04:08:43 PM

This year has been full of exciting market that favour the bulls. To manipulate bitcoin market is hard and bitcoin has been better with technical and fundamental analyses this year. There was a friend that told me he made money in alts as a trader (but not as a holder) this year.

Well, trading cryptocurrency comes with its unique risks which are volatilities and unpredictable market, so for that one can not tell which coin will give them profits in a long or short position, so your friend could have been lucky to have the coin he was trading at that time pumped for him make such profits as claimed.

Quote

This brought up a the questiin my mind. Who made money this year in altcoins trading than bitcoin?

As a trader, I made a lot of profits from trading Bitcoin and lost all the profits plus my capital to altcoins, specifically memecion, which got dumped by the team and forced me into liquidation, something that I can never see in Bitcoin.
My answer to that question is Bitcoin.

Quote

I have been studying altcoins market this year and I noticed there were manipulation I was not expecting. You can see a coin that will suddenly within 45 minutes to 1 hours pumped 3 to 5x and later within an hour be dumped 3 to 4x. I do ki think that should be a market someone should be interested in.

What do you expect from coin projects that don't have a user case or even a blueprint, everything about those coins is based on speculations and hype so, the only activities will be manipulations of the market, just to favor the developers a d when it's time, they're pull an exit scheme on investors.

_act_

legendary

Activity: 1064

Merit: 1298

Lightning network is good with small amount of BTC

This year has been full of exciting market that favour the bulls. To manipulate bitcoin market is hard and bitcoin has been better with technical and fundamental analyses this year. There was a friend that told me he made money with altcoins as a trader (but not as a holder) this year.

This brought up a the question my mind. Who made money this year in altcoins trading than bitcoin?

I have been studying altcoins market this year and I noticed there were manipulations I was not expecting. You can see a coin that will suddenly within 45 minutes to 1 hours pumped 3 to 5x and later within an hour be dumped 3 to 4x. I do not think that should be a market someone should be interested in.

Topic: Bitcoin versus altcoin trading (Read 44 times)