Is there any reason to day trade anything other than bitcoin? - page 11.

neonshium

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Quote from: enawati on March 09, 2019, 04:29:42 AM

Trade altcoin will be promising higher profit, we can see alot of altcoin already going up to 100% -400% from the bottom but Bitcoin still stay in the bottom, in 2017 alot of altcoin the price was increase up to 50X to 100x in that year and this return is bigger than profit from BTC.

I think that you can make some money in the coin whose market price fluctuates regularly and Altcoins look like are the coins having that property. Bitcoin tale time to gain value and when it comes to quick money, better choose altcoin.

Most preferably ETH or Litecoin. But short term profits are short and one should also focus on the long term benefits which always tend to be bigger.

darewaller

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Quote from: avarnet on March 09, 2019, 09:30:01 AM

certainly there is because we don't always trade bitcoin continuously, but we will definitely also look for other trading coins such as altcoin, because the altcoin is great to trade when the price of bitcoin rises or falls

Most altcoins even profit traders this period more than Bitcoin because they market must fluctuate several times a day and that is where many altcoins traders get there profit from either true single trade or scalping and hardly will you see bitcoin fluctuate that much in a day.

All the above, one funny thing about trading that a lot of good traders even makes money more on these shitcoins, so like you said, altcoins are great to trade.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: sinta23 on March 10, 2019, 09:25:10 AM

there is like trading in altcoin because by trading on this coin I can earn income every day even though a little, because to trade bitcoin is still difficult because the price is still not good enough to trade

I am not sure what you mean by "difficult" here because buying and selling can be done very easily through any exchange. If you are trying to say that the price of bitcoin is so high that its beyond your reach and I can understand and I do sympathize for you. Still you should know that you can buy in smaller fractions of bitcoin and prepare your funds that you are willing to risk in that fashion.

However if you are feeling good trading an altcoin because they are lower priced and easier to get into and then easily trad-able and profitable by daily swings in price then more power to you.

hipSter

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If you have an unlimited time resource, a day trade with other coins makes sens. But I'd recommend to do it in bitcoin pairs.

Ucy

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The low price top cryptocurrencies are more profitable to trade with. If you are worried about low volume coins you could choose those with solid projects and with the potential to grow. Bitcoin is safer to trade with and also great for longterm trading.

gabmen

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Quote from: Indrawan77 on March 10, 2019, 10:04:23 AM

I agree that all coins are following bitcoin and its safer to trade bitcoin but the rising price of bitcoin is limited, not like alt coin that can easily gives 10% profit in short time, and for bitcoin to rise 10% it will be extremely difficult, to make profit in short term it's easier to trade alt coin and because some of the low transaction volume there is a chance the alt coin can be pump by some whale

Excatly dude. You get a difference of just around a few hundred at best with btc's daily movement so profit would be scarce if you have less than 1 btc to trade with. Compared to other alts that could swing 10 to 20 percent in 24 hours. So if you're day trading, btc wouldn't really be one of your strategic choices.

Indrawan77

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I agree that all coins are following bitcoin and its safer to trade bitcoin but the rising price of bitcoin is limited, not like alt coin that can easily gives 10% profit in short time, and for bitcoin to rise 10% it will be extremely difficult, to make profit in short term it's easier to trade alt coin and because some of the low transaction volume there is a chance the alt coin can be pump by some whale

blackhawkeye1912

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In applying day trade we need to consider something, and the major things we need to look or check for is the volume of course. Its very hard to make trade in the coins we have if they have a small volume in the actual trade. Then, the coins must be potential and has a good plan in the future too. Also, to buy coin that belongs to the top coins at the market is an advantage.

sinta23

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DogData

there is like trading in altcoin because by trading on this coin I can earn income every day even though a little, because to trade bitcoin is still difficult because the price is still not good enough to trade

Kelvinid

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Quote from: ToyotaFortuner on March 10, 2019, 06:52:24 AM

Quote from: semobo on March 10, 2019, 04:13:40 AM

Its simple if everyone concentrate on the bitcoin then chances of making profits from alts will get easier so people moved from bitcoin to alts so they were doing altcoin trding as well for now.Trading bitcoin for profits then what can be the reason for altcoin day trading,same right.

to be able to make the price movement of bitcoin and can make the price of bitcoin again skyrocket again it is not as easy and not as simple as you think, bitcoin must have good news and there must be a good development so that the whales can be affected by rising bitcoin prices.

More investors will just be focusing into bitcoin cause they'll know that Bitcoin will only give assurance for them compared into altcoins. But of course, some altcoins will considered to be a good coins to trade also, only we need to be selective and choose the right coins cause mostly commonly the reason of losing are due to the wrong choose of coin.

ToyotaFortuner

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Quote from: semobo on March 10, 2019, 04:13:40 AM

Its simple if everyone concentrate on the bitcoin then chances of making profits from alts will get easier so people moved from bitcoin to alts so they were doing altcoin trding as well for now.Trading bitcoin for profits then what can be the reason for altcoin day trading,same right.

to be able to make the price movement of bitcoin and can make the price of bitcoin again skyrocket again it is not as easy and not as simple as you think, bitcoin must have good news and there must be a good development so that the whales can be affected by rising bitcoin prices.

semobo

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Its simple if everyone concentrate on the bitcoin then chances of making profits from alts will get easier so people moved from bitcoin to alts so they were doing altcoin trding as well for now.Trading bitcoin for profits then what can be the reason for altcoin day trading,same right.

Kevin77

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I think the clearest answer is the bigger risk and reward calculation. Bitcoin is something we all trust and it has a very reliable support behind it so when it goes up it goes up. However the smaller coins do not have that type of support and not known as much as bitcoin so when you consider investing into them you are taking a bigger risk than investing into bitcoin.

Yet, when you invest into bitcoin for example the ATH is about 6.5 away from today, whereas if you invest into ETH which is not even that small you have x10 increase from here to ATH (even more) if you take smaller coins there are ones that has x50 for all time high. Basically, the lower you get the higher risk you take but higher reward you could earn as well. So it all depends on how much risk and reward are you willing to test your money with.

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Quote from: emmybd on March 10, 2019, 01:46:00 AM

Although, the gain is small, bitcoin day trading is a safe option out there compared to other altcoins. But, you have to take chance with the amount of funds you can afford to lose, if you want to earn big profits.

I don't want to say that day trading with bitcoin is a safe option because if we cannot analyze where is the trend of bitcoin in the next hours or days, we could not make a profit, and it's happening with altcoins too. I think the reason is that we want to make a big profit from many coins and if we can get it from altcoin, then why we trade in bitcoin only?

We need to check every possibility in the trading, whether it's bitcoin trade or altcoin trade so we can use it to make a profit again and again. And if we can get a chance to day trade with various coins and we are making a big profit, then it will give satisfaction to us because we are making a lot of money from trading.

But maybe, some person still feels comfortable to day trade with bitcoin only because they can make a big profit in one-time trade. But for the other people, they will try with altcoin and bitcoin because they know that they can make those profit too and even it will bigger than the previous people.

nasipadang

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Quote from: Bardman on August 01, 2018, 07:19:36 PM

Serious discussion please.

Obviously some alts can have significantly bigger gains than bitcoin when it comes to long term and bull runs, the last bull run from 6k to 10k for example, sure bitcoin was strong, almost a 2x but some of the top alt coins did more than a 2x even 3x. However that's only long term.

Short term I don't see any reason to trade anything other than bitcoin, especially knowing how little volume some of the other coins have, even top 10 alt coins, for example stellar only has 33m volume. So my question is, what's the point of trading stellar, for example, instead of bitcoin? You know that even if you are a whale and trade a lot, you wont be moving the market as much, if you have 1m and you trade stellar, that's already huge and we all know the 33m volume is probably not even real, a lot of it from bots trading.

It's also much easier to follow bitcoin because, well, the whole market follows bitcoin. Bitcoin dictates where the market goes.

You will not find the profit generated from bitcoin in the short term if the funds owned are few, the fluctuations in bitcoin in these months are only 0% - 3%, that fee has not been taken from the platform. Some of my understanding is in contrast to what you are trying to ask, especially bitcoin for the short term. The market is very difficult to guess the results, especially the information that people get may be different, so the altcoin for the long term might be good for others not for you, stellar used to be the main view of traders but now slowly dimmed.

emmybd

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Although, the gain is small, bitcoin day trading is a safe option out there compared to other altcoins. But, you have to take chance with the amount of funds you can afford to lose, if you want to earn big profits.

miropp

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I think you're right. You can also combine these two methods. In the short term, you can trade bitcoins, but at the same time and buy other coins, but for a longer term.

ethereumhunter

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I think it will depend on you. If you think that it's too difficult to make a profit from bitcoin, then you can choose altcoin to trade. We have many chances to earn more bitcoin from trading, and gladly, we have altcoin which can help us to earn more bitcoin. That is what I did so far if I get stuck in trading bitcoin, I move to the altcoin, and I see that the altcoin still promising for me to make a profit.

BitcoinTurk

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I prefer to trade with Bitcoin both in the long term and in the short term. Of course, I also trade in other options from time to time on a daily basis, but in a possible situation, I certainly do not neglect to convert these alternatives to Bitcoin at all costs. On the other hand, staying at Bitcoin, which I have determined as my main currency at the end of the day, is an advantage for me. Although I am on the basis of the minus the amount of the main currency in USD, I have already doubled my main money on Bitcoin basis.

Question123

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Quote from: tarable on March 09, 2019, 10:19:09 AM

My reason is because bitcoin is not good for daily trading, and altcoin is a good way to get daily income from trading because bitcoin is the best to make a long-term investment

Bitcoin is really gopd for holding in lomgterm because if that's other do last few years and now they are rich. But for now only few years only the life span of the bitcoin so I will choose more altcoins now compared to the bitcoin. Ethereum is the best altcoins and better than bitcoin and good for longterm and we can make us rich too in the future when it become king of all cryptocoins.

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