If you feel that day trade can give profit everyday, you can able to implement anytime you want.
Because for me Bitcoin was only good for long term only then for day trading altcoins was the best
tools on this method for us to ear more in trading.
Topic: Is there any reason to day trade anything other than bitcoin? - page 3. (Read 20920 times)
September 09, 2019, 11:40:20 AM
September 08, 2019, 10:18:17 PM
If you do margin trading with more than x5 leverage you can possibly earn big bucks from day trading.
Source: what we have seen among our users. Plenty of them open and close positions within a day.
Source: what we have seen among our users. Plenty of them open and close positions within a day.
According to my observations, since April, the situation on the cryptocurrency market has developed quite a good situation for a daily roof. Especially if you take into account positive trends in price fluctuations in ethereum and Bitcoin, professionals really took advantage of this.
Honestly we are seeing a good price pump in the market this month. Bitcoin touched 11k USD once more and the bulls seemed to have gained the upper hand for now. I am sure many people are happy that they got their sell orders at these levels seen through so they have some money at hand ready to put back in the market. The bears are obviously not happy and are going around shilling their own shitcoins which piggyback the rise of bitcoin.Next up we should be going up to 15k soon, so hold on to your belts folks! I am personally hoping a small dump before that as well. So that should be a good time to buy some bitcoin as well unless it continues upward.
There are so many reasons not only to trade bitcoin, you can trade altcoin and invest in it, because in my opinion the fastest profit is by trading altcoin
Bitcoin is good for investments now. There is no one reason to trade it under the current market conditions. There are over 2000 tokens - choose them for trading. Make the pairs, and if you succeed, the profit can be good.
According to my observations, since April, the situation on the cryptocurrency market has developed quite a good situation for a daily roof. Especially if you take into account positive trends in price fluctuations in ethereum and Bitcoin, professionals really took advantage of this.
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 know, there is such a thing on the market as the season of altcoins. At this time, the price of almost all altcoins begins to grow rapidly. This time is just great for daily trading. I recommend you to pay attention to this period. 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.
There are so many reasons not only to trade bitcoin, you can trade altcoin and invest in it, because in my opinion the fastest profit is by trading altcoin
The fastest loss is also in altcoin. Its a higher risk zone investment if you ask me. While that may seem exciting for you but it is not so for the rest of the members of this forum who dont have a huge stashes of money to spend. What they prefer is to invest in something that can give you a decent profit in the long term and wont go down in a few months. For them bitcoin is obviously the better choice.-snip-
Stop shilling your altcoins. Having a 200% gain in a short time is a sign of a pump and incoming dump. So take caution before buying those coins. 
If you're using an AI model like mpcx there's definitely a reason to day trade some alts
I've (unfortunately) spent my time in 2016/17 looking at AI solutions/deep learning/NLP/machine algorithms etc trying to flip money doing alt trades or even Bitcoin, for that matter.
Problem with all these was their timing, running up to the great bull of 2017. Any fool and AI could make money day trading, the volatility was incredible then.
I don't know a single one that consistently made profits once the entire market started flailing. And then, when Bitcoin entered its sideways mode, alts did even worse. And if you're looking for swings the way day traders do, you'll appreciate that btc/usd has far more opportunities even today than btc/alts.
Aren't your high fluctations going to be with altcoins though?
There are so many reasons not only to trade bitcoin, you can trade altcoin and invest in it, because in my opinion the fastest profit is by trading altcoin
When it come to long term holding, bitcoin and some strong altcoins like ethereum and xrp are good choices because they are already proven in the past.
Only bitcoin is what is important. Rest are all having flaws that can make your money disappear like dust or locked up in such conditions that you will be unable to get them back or fall in trouble trying to get them back. XRP is a pure shitcoin at its best. Centralized coin that is controlled by banks. Use it at your own risk.Quote
But many of the altcoins has already their ability to go up and create their own all-time high. So I believe that there are valid reasons to trade in altcoins because some of them are also profifable like bitcoin.
I wont say they are as profitable as bitcoin. If you are someone who can handle the pressure of having to hold something when it is at 200% loss till it goes back up crossing the break even line then you are should be my guest investing in it.If you're using an AI model like mpcx there's definitely a reason to day trade some alts
It seems to me that under the current conditions in the foreign exchange market it is very difficult to trade in other cryptocurrency assets, except ethereum and Bitcoin. Perhaps there are still some coins, but according to the degree of their volatility, the risk also increases. Most likely today only professionals work in this field of activity.
If you're using an AI model like mpcx there's definitely a reason to day trade some alts
Bitcoin always lead the way but there are other coins that also profitable like the top coin in trading. When it come to long term holding, bitcoin and some strong altcoins like ethereum and xrp are good choices because they are already proven in the past. But many of the altcoins has already their ability to go up and create their own all-time high. So I believe that there are valid reasons to trade in altcoins because some of them are also profifable like bitcoin.
Day Trading altcoin sometime can be more profitable than bitcoin because altcoin are more volatile than bitcoin. Bitcoin movement is slow as compared to that of altcoin which is very fast.
Crypto trading does not have to be bitcoin, because there are many opportunities in altcoins where the level of stability is better and the price is cheaper. Even for professionals who trade every day prefer altcoin.Unlike long-term investors who are more static in managing their money, they naturally prefer bitcoin HODL because the increase can be double the capital. This type of investor is of course very large in capital.
Bitcoin is good for long investments. Day trading using BTC is useless. For these purposes, altcoins with a small market cap are good. Some of them, if you find the right tokens, can bring you fast profits.
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.
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.
Well honestly, to apply day trade is easy if you have the capital to buy coins in any of the exchange platform. Because if you don't have any of it it will difficult for you to do it. And I agreed that day trade will give profit to anyone here in the forum and altcoins is the main reason for us to gain here a lot most of the time.
Try to trade with Bnb,xrp and eth this coins have a good price and have a reason to follow the price of bitcoin same as usual to pump and dump on their prices.
Day Trading altcoin sometime can be more profitable than bitcoin because altcoin are more volatile than bitcoin. Bitcoin movement is slow as compared to that of altcoin which is very fast.
Crypto trading does not have to be bitcoin, because there are many opportunities in altcoins where the level of stability is better and the price is cheaper. Even for professionals who trade every day prefer altcoin.Unlike long-term investors who are more static in managing their money, they naturally prefer bitcoin HODL because the increase can be double the capital. This type of investor is of course very large in capital.
Bitcoin is good for long investments. Day trading using BTC is useless. For these purposes, altcoins with a small market cap are good. Some of them, if you find the right tokens, can bring you fast profits.
Day Trading altcoin sometime can be more profitable than bitcoin because altcoin are more volatile than bitcoin. Bitcoin movement is slow as compared to that of altcoin which is very fast.
I cannot imagine that people risk dealing with Bitcoin day trading. Its price is too high for these business operations. Altcoins work better for these purposes, especially tokens with low market cap.
Bitcoin of course in the portfolio should be more, but you need to distribute your capital on other promising projects, for example, within two days only such a cryptocurrency as WPR gave 100% growth, the products of other startups are beginning to be used, the developers are serious about their business
Only bitcoin is what I would suggest. The startups that you think are going to be big in future are actually going to be worthless. Thats how crypto market is these days once the ICO buzz ended down last year. Now people are looking for alternatives to make money. But truely these ICO teams ripped off money from many investors and they delivered nothing but fake promises. Even Patreon is better than this.People need to realize that this market is full of this type of "legal scams". Nobody is going to be responsible for your money. Stop feeding koolaid crew coins and focus on bitcoin only.
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