You have to consider that Bitcoin and Ethereum has such huge volumes because they are major trading pairs in almost a exchanges, so someone might decide to trade one shitcoin in an obscure exchange but it would still count in the volume of Bitcoin bacause the person traded it in the bitcoin pair, but when you see the volume of other alts like XLM, you know it's people who specifically traded XLM that the volume is showing so it would be a bad idea to judge by volume, short term trading is good for almost all major alts, not just Bitcoin because their prices are also flunctuating exactly like Bitcoin is.
I have not yet fully understood why the most rated cryptocurrencies are not very profitable for daily trading, but for some reason all my friends advise me to choose coins for scalping exactly from the top 2 of the top cryptocurrency market ratings. They explained to me indistinctly why the top ten tops do not fit, only explaining that these are coins with a large volume of cash flows. I believe that scalping is a very good and profitable strategy for daily trading, but I do not use Ethereum and Bitcoin at all.
Topic: Is there any reason to day trade anything other than bitcoin? (Read 20934 times)
November 05, 2019, 12:44:28 PM
You have to consider that Bitcoin and Ethereum has such huge volumes because they are major trading pairs in almost a exchanges, so someone might decide to trade one shitcoin in an obscure exchange but it would still count in the volume of Bitcoin bacause the person traded it in the bitcoin pair, but when you see the volume of other alts like XLM, you know it's people who specifically traded XLM that the volume is showing so it would be a bad idea to judge by volume, short term trading is good for almost all major alts, not just Bitcoin because their prices are also flunctuating exactly like Bitcoin is.
I have not yet fully understood why the most rated cryptocurrencies are not very profitable for daily trading, but for some reason all my friends advise me to choose coins for scalping exactly from the top 2 of the top cryptocurrency market ratings. They explained to me indistinctly why the top ten tops do not fit, only explaining that these are coins with a large volume of cash flows. I believe that scalping is a very good and profitable strategy for daily trading, but I do not use Ethereum and Bitcoin at all. 
November 05, 2019, 03:29:22 AM
You have to consider that Bitcoin and Ethereum has such huge volumes because they are major trading pairs in almost a exchanges, so someone might decide to trade one shitcoin in an obscure exchange but it would still count in the volume of Bitcoin bacause the person traded it in the bitcoin pair, but when you see the volume of other alts like XLM, you know it's people who specifically traded XLM that the volume is showing so it would be a bad idea to judge by volume, short term trading is good for almost all major alts, not just Bitcoin because their prices are also flunctuating exactly like Bitcoin is.
November 05, 2019, 02:49:12 AM
My friend, a former Forex trader, refused to trade Bitcoin in our favor of trading Ethereum.
To my question why, he replied that trading in Ether is much easier, it is more predictable, and with it it is much easier to deal with scalping and day trading.
I prefer bitcoin, because in my opinion, using bitcoin, you can earn much more growth phases for us.
this might be a pretty good and reasonable answer. it's most likely just a matter of prediction and analysis. some people find it easier to do analysis for certain coins, for example like ethereum that your friend did.To my question why, he replied that trading in Ether is much easier, it is more predictable, and with it it is much easier to deal with scalping and day trading.
I prefer bitcoin, because in my opinion, using bitcoin, you can earn much more growth phases for us.
in this case, I also chose bitcoin, because I felt that the pump would start from the crypto king. however, on the other hand, some people prepare for bitcoin cash and other potential altcoins. maybe they have a certain reason. besides, the price of bitcoin is currently so high, so they choose altcoin so that the amount they get can be more, and when the price goes up, it might be more profitable than holding bitcoin.
November 05, 2019, 02:29:09 AM
My friend, a former Forex trader, refused to trade Bitcoin in our favor of trading Ethereum.
To my question why, he replied that trading in Ether is much easier, it is more predictable, and with it it is much easier to deal with scalping and day trading.
I prefer bitcoin, because in my opinion, using bitcoin, you can earn much more growth phases for us.
To my question why, he replied that trading in Ether is much easier, it is more predictable, and with it it is much easier to deal with scalping and day trading.
I prefer bitcoin, because in my opinion, using bitcoin, you can earn much more growth phases for us.
That's what I thought too, Ethereum is much stable compare to Bitcoin wherein apart from your analysis, it can switch anytime without your expectation, wherein Ethereum is quite and can easily to analyze, trading wise, Ethereum is my choice, but long term investment wise, I would prefer Bitcoin, as we know the potential growth of this once the technology keep evolving and mas adoption has taken place all over the world.
November 04, 2019, 04:16:37 PM
My friend, a former Forex trader, refused to trade Bitcoin in our favor of trading Ethereum.
To my question why, he replied that trading in Ether is much easier, it is more predictable, and with it it is much easier to deal with scalping and day trading.
I prefer bitcoin, because in my opinion, using bitcoin, you can earn much more growth phases for us.
To my question why, he replied that trading in Ether is much easier, it is more predictable, and with it it is much easier to deal with scalping and day trading.
I prefer bitcoin, because in my opinion, using bitcoin, you can earn much more growth phases for us.
November 04, 2019, 12:49:22 PM
I think trading with more than one coin can be profitable, but you also have to look at the risks involved. if some of your altcoins experience a price drop, so the price is too difficult to recover, then the risk you experience is even greater. in my opinion, trading daily with altcoin should first do research on the coins that you will hold. You must always remember, that many new altcoins are deceptive at this time.
The difficulty of trading more than one coin is that now you not only need to consider which coin is going up or down but now you need to consider how the coins are moving compared to each other, and this is especially difficult when you are day trading and the price of everything moves so fast, if you try to do it by hand then most likely by the time you are done the price of everything has already moved, in that case you will probably need a bot to do it for you. October 30, 2019, 01:24:10 PM
Yes, much of the fluctuations in the crypto sphere are linked to Bitcoin, but it's certainly not the only factor that influences the price of altcoins. Also, diversifying your portfolio is never a bad idea, and actually keeps you safer in many ways.
October 30, 2019, 01:03:05 PM
I really like day trade with altcoins when bitcoin prices are more stable or side away. Unlike bitcoin, day trading with altcoins
in a day can play on several coins, because the price of average altcoins is very cheap. Altcoins my mainstay for day trade is
LTC, XRP, XLM and BNB. That Coins i trade for short-term, which I take a small profit but often.
altcoins are meant to be used for day trading or short term trading since they increase and decrease very little in values not making much difference to your money. But investors who want to earn something on daily basis, this is good for them. But always use popular altcoins for trading and trade when bitcoin increases in value because in such way, you can make some profit at least. in a day can play on several coins, because the price of average altcoins is very cheap. Altcoins my mainstay for day trade is
LTC, XRP, XLM and BNB. That Coins i trade for short-term, which I take a small profit but often.
October 30, 2019, 08:34:39 AM
in my opinion, when we are able to make a profit from crypto, it's better we don't just trade with just one type of coin. indeed in trading altcoin has more risk, than the top 10 coins. but my reason for trading with other than bitcoin is because I feel that when the price of bitcoin is quite stable in some time and I cannot benefit from bitcoin, I can make a profit by buying altcoin and doing short-term trading. I feel that trading altcoin can also benefit, and my advice is if trading altcoin, try to trade daily, we must always look at market volume. and I prefer to trade more than one coin rather than just holding one coin.
I agree with you, that when we trade, we better hold more than one coin. it is true that there are people who say that trading bitcoin is still more feasible compared to altcoin because of its popularity. and people's views of altcoin which are negative because many coins are junk. but in my opinion not all altcoin is rubbish, I still believe in altcoin which has long been in the crypto market. I myself trade with more than one coin, and the majority of the altcoins that I hold I use for daily trading and I trade long-term with bitcoin. so I think, it is very feasible to trade in cryptocurrency, so that the opportunity to get greater results.
I think trading with more than one coin can be profitable, but you also have to look at the risks involved. if some of your altcoins experience a price drop, so the price is too difficult to recover, then the risk you experience is even greater. in my opinion, trading daily with altcoin should first do research on the coins that you will hold. You must always remember, that many new altcoins are deceptive at this time.
October 29, 2019, 04:49:32 PM
I really like day trade with altcoins when bitcoin prices are more stable or side away. Unlike bitcoin, day trading with altcoins
in a day can play on several coins, because the price of average altcoins is very cheap. Altcoins my mainstay for day trade is
LTC, XRP, XLM and BNB. That Coins i trade for short-term, which I take a small profit but often.
in a day can play on several coins, because the price of average altcoins is very cheap. Altcoins my mainstay for day trade is
LTC, XRP, XLM and BNB. That Coins i trade for short-term, which I take a small profit but often.
October 29, 2019, 03:47:51 PM
A man can trade with anything he likes to. But I think it is important to choose some asset that has high value and can change value in short duration. Bitcoin fluctuates more than any other crypto coin. It is the most volatile coin that is known so far. People choose to day trade in it due to this reason only. You cannot make money if the rate remains constant or just increase or decreases by a dollar.
Bitcoin is very volatile that is undeniable but to say it is the coin with the most volatility that is a mistake, if you want volatility then you can pick altcoins that are outside the top 100 and see what volatility really means, I have seen coins making pumps as high as 700% in a single day, and movements like that are what feed the dreams of all of those that think they can get rich in the market since they think that if at least they participated in some of those movements they will get right very quickly. October 25, 2019, 09:58:41 PM
I there are some reason of day trading like altcoin you can choose what coins you can buy. Anf choose also what coins you gonna buy see the volume first of that coins before you can trade it.
October 25, 2019, 03:27:20 AM
I think the best and profitable to day trade altcoins is XRP Ripple since it is going up even though the other altcoins and bitcoin are going down. I don't know the reason why it is going up and maybe a lot of traders much prefer to trade XRP when bitcoin's value is going down.
And doing day trading is like you want to earn more profit within the day and doesn't want to wait, but day trading is really good and can you a lot of profit and it will just depend on what coin you are trading.
And doing day trading is like you want to earn more profit within the day and doesn't want to wait, but day trading is really good and can you a lot of profit and it will just depend on what coin you are trading.
October 25, 2019, 02:46:33 AM
Yes, it's nice to trade your BTC for alts when Bitcoin is in a slump. For instance, Bitcoin is down to below $7500 today. But, TRX is up to over 200 satoshis. If you had bought Tron back when it was 180 and BTC was $8,000 you would have increased your position. Altcoins also have just as much volatility as Bitcoin does, so they're perfectly fine to day trade them just like you would Bitcoin. Just try to stick to more well known coins.
October 24, 2019, 11:40:05 PM
I think it depends on your capital mostly, for small capital traders it is better to trade altcoins. Just choose those alts that have high volume and those exchanges that do not manipulate volume, for example binance. Of course btc and eth is the best choice to trade, it can make you a huge profit, but you should be able to wait patiently for weeks, months, or even years.
It is the opposite, if you have a very small capital it is better to trade the markets that are the most liquid, the markets that have the most volume, and this is because the spread in those markets will be smaller and your chances to make profits will be higher, it is also not true that you need to wait for weeks or months to make profits when you're day trading, that is the whole reason why those that prefer that style of trading engage in it instead of long term trading.Since Bitcoin is stable enough, what we can do is to hold it for long term and find some other altcoins that we can do for short trading, yes this is fine as we all know it will make you a lot of profit, but before you do that, you should know how to trade well, learn strategies from a lot of experts our there and only start with small capital.
October 24, 2019, 11:26:36 AM
I think it depends on your capital mostly, for small capital traders it is better to trade altcoins. Just choose those alts that have high volume and those exchanges that do not manipulate volume, for example binance. Of course btc and eth is the best choice to trade, it can make you a huge profit, but you should be able to wait patiently for weeks, months, or even years.
It is the opposite, if you have a very small capital it is better to trade the markets that are the most liquid, the markets that have the most volume, and this is because the spread in those markets will be smaller and your chances to make profits will be higher, it is also not true that you need to wait for weeks or months to make profits when you're day trading, that is the whole reason why those that prefer that style of trading engage in it instead of long term trading. October 24, 2019, 08:34:18 AM
in my opinion there are several reasons to hold other than bitcoin. because I myself prefer to trade and hold more than one coin. but I disagree with your statement that says altcoind can have far greater benefits than bitcoin in the long run. I think holding Altcoin with a long-term strategy is actually more risky than holding Bitcoin. I would suggest to trade altcoin by trading daily. because I myself have experienced losses when I have altcoin and have a strategy to hold for a long time. I hope with altcoin that I hold can rise to the first price of the coin appears, it turns out that expectations do not match reality.
for me trading altcoin is faster to get profits, because in my opinion the tide of the altcoin market price tends to be greater, and such conditions can be utilized to trade. and in the case of trading do not just rely on one coin if indeed we can still take advantage with other coins.
Altcoins are much better for day trade indeed especially the coins that have a high volatility rate and on the other hand, bitcoin is much better used for long term investment. Way back 2017 daily trade is really the deal, you can definitely obtain a big profit but for now, it seems daily trade is not an option probaly there are still some altcoins who manage to fluctuate in a small amount of time which is perfect for this kind of trading strategy.for me trading altcoin is faster to get profits, because in my opinion the tide of the altcoin market price tends to be greater, and such conditions can be utilized to trade. and in the case of trading do not just rely on one coin if indeed we can still take advantage with other coins.
October 22, 2019, 09:52:29 AM
in my opinion there are several reasons to hold other than bitcoin. because I myself prefer to trade and hold more than one coin. but I disagree with your statement that says altcoind can have far greater benefits than bitcoin in the long run. I think holding Altcoin with a long-term strategy is actually more risky than holding Bitcoin. I would suggest to trade altcoin by trading daily. because I myself have experienced losses when I have altcoin and have a strategy to hold for a long time. I hope with altcoin that I hold can rise to the first price of the coin appears, it turns out that expectations do not match reality.
for me trading altcoin is faster to get profits, because in my opinion the tide of the altcoin market price tends to be greater, and such conditions can be utilized to trade. and in the case of trading do not just rely on one coin if indeed we can still take advantage with other coins.
Altcoins are much better for day trade indeed especially the coins that have a high volatility rate and on the other hand, bitcoin is much better used for long term investment. Way back 2017 daily trade is really the deal, you can definitely obtain a big profit but for now, it seems daily trade is not an option probaly there are still some altcoins who manage to fluctuate in a small amount of time which is perfect for this kind of trading strategy. for me trading altcoin is faster to get profits, because in my opinion the tide of the altcoin market price tends to be greater, and such conditions can be utilized to trade. and in the case of trading do not just rely on one coin if indeed we can still take advantage with other coins.
October 22, 2019, 09:07:43 AM
In terms on day trading I do leverage trading but with bitcoin not with alts. Yes, those coin are good! But when you do leverage trading you will just wait for minutes-hours to get the profit that you want. I trade at the bitmex in terms of leverage trading I am only doing 20% leverage when I am sure about something and mostly I will stay at the 5-10% leverage. I will say no for other coins in day trading, but yes to leverage trading with bitcoin!
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