Is there any reason to day trade anything other than bitcoin? - page 4.

logicgate

sr. member

Activity: 994

Merit: 252

Quote from: Nellayar on May 24, 2019, 09:41:54 AM

Quote from: Bardman on August 01, 2018, 06:19:36 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.

In my own perspective, it is good to have diverse investment. You can easily run if there is a trouble with your investment or you can go with the flow. Select only 3 cryptocurrencies so that you can observe its entire data. Bitcoin is good but other altcoins have also better plans and development. So, try to divide your portfolio.

So to be honest you could be right in your view but I am not feeling like to be agree with you, think it is good and safe to invest your money only in bitcoin, bitcoin is the best coin that will never make you suffer in your trading strategy, we only have to believe and trust our investment in bitcoin, so bitcoin is my only choice I don’t consider any other coin trust worthy.

Nellayar

full member

Activity: 868

Merit: 185

Roobet supporter and player!

Quote from: Bardman on August 01, 2018, 06:19:36 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.

In my own perspective, it is good to have diverse investment. You can easily run if there is a trouble with your investment or you can go with the flow. Select only 3 cryptocurrencies so that you can observe its entire data. Bitcoin is good but other altcoins have also better plans and development. So, try to divide your portfolio.

calya

sr. member

Activity: 784

Merit: 250

Quote from: bitbunnny on May 24, 2019, 08:41:06 AM

Quote from: DeathProxy on May 13, 2019, 02:49:58 PM

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.

Maybe altcoins could be more profitable but it's very hard to find an altcoin that is worth trading. Also you have to spend a lot of time and efforts to make proper analysis of altcoin market and watch this market all the time to make the right decision. To my opinion too much exhausting time for not so great result so it's better to choose Bitcoin.

experience will bring us to profits.without experience and skill in analizing coins it is impossible for us to could find best altcoin which is could be profitable in near future.if we have no this capacity maybe buying bitcoin will be another solution.

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

Quote from: DeathProxy on May 13, 2019, 02:49:58 PM

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.

Maybe altcoins could be more profitable but it's very hard to find an altcoin that is worth trading. Also you have to spend a lot of time and efforts to make proper analysis of altcoin market and watch this market all the time to make the right decision. To my opinion too much exhausting time for not so great result so it's better to choose Bitcoin.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: DeathProxy on May 13, 2019, 02:49:58 PM

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.

When bitcoin has already stable at one range of the price, the altcoin will replace the moment, and many of the altcoins will increase. That will be the best time to do day trading with the altcoin, and I am sure that we can make a nice profit. But still, be careful to choose the coins because not all altcoin will have a good move in the market because they need more support to increase the price.

leea-1334

hero member

Activity: 2338

Merit: 953

Temporary forum vacation

Quote from: BlackFor3st on May 23, 2019, 11:45:59 PM

This is what I have notice also therefore instead of trading or holding bitcoin for a long term, I invest in other currencies that has the potential to x10 in the end of the bull run.

One of the currencies that I choose aside from bitcoin is Ethereum, the bottom of Eth last time is 80$ and bitcoin is 3k$. If you are going to compare the two base on the current price right now. Eth is already 245$ and bitcoin is 7877$, if you will compare the two then you can notice that eth has x3 already while bitcoin haven't reach the x3 price yet. But still, any of them will give you a good amount of profit especially in bull run season.

Long term as you say, nothing wins against Bitcoin,,, but yeah if you are a speculator than there is only alts. Bitcoin is still for speculators too in fact, but perhaps 10% and 15% gains in a week are not enough for some. Alts on the other hand do like ETH, 3x in a few months.

But not all alts have liquidity. Some have great prices but the minute you sell them on the market price crashes. Not enough listings. So apart from big alts, very little reason to speculate on below top 20.

Aivaryamal

full member

Activity: 1162

Merit: 101

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

BlackFor3st

hero member

Activity: 1932

Merit: 506

Betking.io - Best Bitcoin Casino

This is what I have notice also therefore instead of trading or holding bitcoin for a long term, I invest in other currencies that has the potential to x10 in the end of the bull run.

One of the currencies that I choose aside from bitcoin is Ethereum, the bottom of Eth last time is 80$ and bitcoin is 3k$. If you are going to compare the two base on the current price right now. Eth is already 245$ and bitcoin is 7877$, if you will compare the two then you can notice that eth has x3 already while bitcoin haven't reach the x3 price yet. But still, any of them will give you a good amount of profit especially in bull run season.

idham29

member

Activity: 315

Merit: 12

Quote from: DeathProxy on May 13, 2019, 02:49:58 PM

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.

radjie

sr. member

Activity: 1792

Merit: 264

Quote from: Altero on May 11, 2019, 03:03:24 AM

Quote from: moynul2050 on May 07, 2019, 08:56:00 AM

I do daily trading of several altcoins at a cheaper price, the reason is, because they experience rapid volatility compared to bitcoin, then with the difference in the purchase and sale prices of small ones I can get more profit because the number of tokens that I have is more many.

that is some reason I choose other coins in trading daily compared to choosing bitcoin.
it would be better if bitcoin is rewarded for long-term investment. because usually if bullish happens then the bitcoin price will be fantastic.

Really fantastic as of today but altcoins seems to be at slow and only known coins are kicking right now.
It will be preferred to have Bitcoins for me in trading than of altcoins cause of its price fluctuations, the more it goes like that, the more chances we got good profit from it.
Anyway, altcoin is just another option we have and giving trust to them might be a big risk we face.

bitcoin is very appropriate if used as a form of long-term investment, but if market price movements increase, there is no harm if we can sell it to get a little profit rather than having to wait long but not have the target to be obtained. all types of investment in cryptocurrency certainly have a very big risk, investment in bitcoin and altcoin both have risks that we have to face, but from a large risk it can certainly provide greater benefits for its users.

DeathProxy

sr. member

Activity: 756

Merit: 251

World's First Crowd Owned Cryptocurrency Exchange

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.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Kiweikoo on May 11, 2019, 01:43:10 AM

I think you are right in terms of reliability of Bitcoin as a good asset to invest in for traders. In a market, where speculators could make big money with Bitcoin because it is volatile, traders could also trade it for big gains but yeah, the risk factor is again there. So if a trader is too curious about his investment in Bitcoin, he got reason to look for other coins as well.

Maybe they have a reason but that reason only stays for a short period of time. I am yet to see some shitcoin about to do something that changes the financial system something that bitcoin was capable of doing. None of them have done any such things and most just piggyback on bitcoin's bull runs to start their own bull trends - this is only visible when the bear market starts and leads to altcoins bleeding out.

Most of the altcoins are just money making schemes for the developers of that coins and not the investors. Get that fact in your head now. But greed on part of the investor will make them invest in these shitcoins so these words make little sense to them.

yvesp110

hero member

Activity: 1092

Merit: 501

Quote from: Altero on May 11, 2019, 03:03:24 AM

Quote from: moynul2050 on May 07, 2019, 08:56:00 AM

I do daily trading of several altcoins at a cheaper price, the reason is, because they experience rapid volatility compared to bitcoin, then with the difference in the purchase and sale prices of small ones I can get more profit because the number of tokens that I have is more many.

that is some reason I choose other coins in trading daily compared to choosing bitcoin.
it would be better if bitcoin is rewarded for long-term investment. because usually if bullish happens then the bitcoin price will be fantastic.

Really fantastic as of today but altcoins seems to be at slow and only known coins are kicking right now.
It will be preferred to have Bitcoins for me in trading than of altcoins cause of its price fluctuations, the more it goes like that, the more chances we got good profit from it.
Anyway, altcoin is just another option we have and giving trust to them might be a big risk we face.

I agree with you other altcoins are following bitcoin but it is much better if you trade with bitcoin because it has no limit price it rises and makes us even more than milliner if we trade it well in a knowledgeable manner, it makes 100 percent profit if we buy at low price and sell at high price, trading is all about profit with bitcoin so I am not interested in any other altcoins.

Altero

full member

Activity: 784

Merit: 123

Quote from: moynul2050 on May 07, 2019, 08:56:00 AM

I do daily trading of several altcoins at a cheaper price, the reason is, because they experience rapid volatility compared to bitcoin, then with the difference in the purchase and sale prices of small ones I can get more profit because the number of tokens that I have is more many.

that is some reason I choose other coins in trading daily compared to choosing bitcoin.
it would be better if bitcoin is rewarded for long-term investment. because usually if bullish happens then the bitcoin price will be fantastic.

Really fantastic as of today but altcoins seems to be at slow and only known coins are kicking right now.
It will be preferred to have Bitcoins for me in trading than of altcoins cause of its price fluctuations, the more it goes like that, the more chances we got good profit from it.
Anyway, altcoin is just another option we have and giving trust to them might be a big risk we face.

Kiweikoo

hero member

Activity: 1036

Merit: 500

Quote from: TheUltraElite on May 10, 2019, 11:09:28 AM

Quote from: Aivaryamal on May 05, 2019, 12:17:54 AM

I trade every day and get more profit not on bitcoin, but on other crypto-currencies, because they are already a large number and they are more volatile, but bitcoin is a more reliable investment in the long term!

I am not sure if trading everyday you can get profits just like that. You must be having some sort of a delusion or you are just bluffing. Unless you are leverage trading like on Shitmex you wont be getting profits that are worth amassing for a decent amount. Still margin trading is time consuming and takes a lot of attention from the trader, so I doubt that you are into it because you have time to visit this forum as well and post everyday.

Bitcoin as a reliable investment - most traders dont take that perspective. They prefer it as a more volatile asset worth speculating on. Reliability is not the term to be used there.

I think you are right in terms of reliability of Bitcoin as a good asset to invest in for traders. In a market, where speculators could make big money with Bitcoin because it is volatile, traders could also trade it for big gains but yeah, the risk factor is again there. So if a trader is too curious about his investment in Bitcoin, he got reason to look for other coins as well.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Aivaryamal on May 05, 2019, 12:17:54 AM

I trade every day and get more profit not on bitcoin, but on other crypto-currencies, because they are already a large number and they are more volatile, but bitcoin is a more reliable investment in the long term!

I am not sure if trading everyday you can get profits just like that. You must be having some sort of a delusion or you are just bluffing. Unless you are leverage trading like on Shitmex you wont be getting profits that are worth amassing for a decent amount. Still margin trading is time consuming and takes a lot of attention from the trader, so I doubt that you are into it because you have time to visit this forum as well and post everyday.

Bitcoin as a reliable investment - most traders dont take that perspective. They prefer it as a more volatile asset worth speculating on. Reliability is not the term to be used there.

Vaculin

hero member

Activity: 2940

Merit: 613

Winding down.

Quote from: fullhdpixel on May 07, 2019, 05:58:52 AM

Quote from: Osarman on May 04, 2019, 03:38:17 AM

Quote from: ikicha on March 16, 2019, 12:31:30 PM

My reason because i only have a small capital, then better to trade an Altenative Currency. Bitcoin and other major coin already make a high roi from their ICO. so using Alt for trading was the best option for me.

Well I absolutely second this statement. Those who have got low money and they can’t manage to get big capital, better for them to reach out to altcoins. They are low and very cheap in prices for this specific time period. These people can earn extraordinary from this low budget as well. But again, bitcoin always have a high edge over others. If you can even arrange something so do make it to bitcoin. Bitcoin is low as well, this would be a better opportunity.

We are passing through a very bullish market right now and yeah you are very right that those people who have been unable to make money in other coins should really speculate in altcoin or in Bitcoin right now because this is the time to make use of.

If you are not sure whether to join the crypto market or not, its not the place for you. In addition, I would recommend you to have some Bitcoin in your wallet because the market is bullish.

Right. Bitcoin is what most of the investors crave to have as this is the most profitable coin for now and even in the years to come. Bitcoin has really a bright future so we need to engage more in bitcoin investments so that we will also make huge profits just like what others have experienced.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Aivaryamal on May 01, 2019, 10:45:11 PM

Bitcoin is a more reliable investment and has a higher capitalization, but compared to many other cryptocurrencies, it is less likely to grow 10-20 times in the next few years

This is the main reason why traders look for other markets, the market of bitcoin offers huge volatility compared to more traditional markets, it has significant volume and it is the best cryptocurrency in the market, so I can understand why many feel there is no need to trade anything else, but when you consider there are coins that can give 100% profits in a single day then it becomes easier to understand why many traders choose to trade an alt that is relatively unknown to the world.

moynul2050

sr. member

Activity: 812

Merit: 250

I do daily trading of several altcoins at a cheaper price, the reason is, because they experience rapid volatility compared to bitcoin, then with the difference in the purchase and sale prices of small ones I can get more profit because the number of tokens that I have is more many.

that is some reason I choose other coins in trading daily compared to choosing bitcoin.
it would be better if bitcoin is rewarded for long-term investment. because usually if bullish happens then the bitcoin price will be fantastic.

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: Osarman on May 04, 2019, 03:38:17 AM

Quote from: ikicha on March 16, 2019, 12:31:30 PM

My reason because i only have a small capital, then better to trade an Altenative Currency. Bitcoin and other major coin already make a high roi from their ICO. so using Alt for trading was the best option for me.

Well I absolutely second this statement. Those who have got low money and they can’t manage to get big capital, better for them to reach out to altcoins. They are low and very cheap in prices for this specific time period. These people can earn extraordinary from this low budget as well. But again, bitcoin always have a high edge over others. If you can even arrange something so do make it to bitcoin. Bitcoin is low as well, this would be a better opportunity.

We are passing through a very bullish market right now and yeah you are very right that those people who have been unable to make money in other coins should really speculate in altcoin or in Bitcoin right now because this is the time to make use of.

If you are not sure whether to join the crypto market or not, its not the place for you. In addition, I would recommend you to have some Bitcoin in your wallet because the market is bullish.

Topic: Is there any reason to day trade anything other than bitcoin? - page 4. (Read 20920 times)