Is there any reason to day trade anything other than bitcoin? - page 5.

fasdorcas

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Quote from: marcous on May 04, 2019, 10:05:37 AM

Depending on your capital and style I guess .. if you can give advice you can check XBX in coinmarketcap. Where there will be the latest updates that will affect price increases and trading activities which are quite profitable if you want to take a 5% profit for the short term but all depends on your beliefs.

Such kind of short term profits are not usually guaranteed. There always remains the risk factor constant where the big whales holding that coins may sell of their coins which will lead to a downer price. These kind of risks are been tried by me and the amount of loss was higher than my profits. There really needs to be a lot of things to learn before starting day trading.

Day trading also requires a lot of time so that we can speculate each single minute graph and find a suitable peak to sell our coins. Day trading may even give good profits but if the price does not increase in short term then rather than selling those coins, you should continue holding that coin until the price hits the high peak.

SirLancelot

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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.

I've seen some of the altcoins going above 100x which is going much profitable then bitcoins but the matter of risk is always high in such altcoins. There are a thousands of coins in the markets and at least some of them might be having high potential to hit the markets and go to the moon but such altcoins might be difficult to identify.

We can find some coin with a backed running product which has an rising demand as we can be satisfied over there that the price for that coin will go in a ascending manner as the demand for their backed product will keep on rising. Investing into lower volume coins can also give bigger profits once they have higher price because the amount of peoples invested into that coin would be much limited.

Aivaryamal

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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!

Pattart

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Quote from: darkr on May 01, 2019, 10:08:43 AM

Quote from: izanagi narukami on April 19, 2019, 08:32:21 AM

Personally I'm doing day trade for who has high volume transaction and great news about it.
But both of trading like stock and crypto has high risk on them so you should done it with extra careful.

I'm better trade crypto for long term rather than short term because I've experience it myself

Day trading is a time-eating activity. Only those fellows, who take trading as their main job, can do it. besides, you can work here mostly with the tokens that have a lower rating as their prices change more often.

Indeed, it is an eating time activity but its worthed with the profit you can get. and I think short term can provide greater benefits than holding long term.
besides, of course you have many options besides bitcoin for trading. and for safe trading, choose one that has a large volume, its good idea.

Mrengage

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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.

Definitely with some good analysis and skills to understand the market you can trade any Coin on CMC regarding that you know what you are doing. And you are serious with it.

dmamigo

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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.

Yaah, even I would agree with the fact that for small capital traders, alts are the best to trade. BTC is good, but the amount of profit will be less and the loss will be more. Whereas if we can crack a good trade with alts, the profit can be quite high.

Though I prefer both the alts and BTC, because Bitcoin has more traders and even if the earning is slow or less, there is a chance of earning. But in case of alts, the new incoming alts have disappointed many a time.

marcous

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Depending on your capital and style I guess .. if you can give advice you can check XBX in coinmarketcap. Where there will be the latest updates that will affect price increases and trading activities which are quite profitable if you want to take a 5% profit for the short term but all depends on your beliefs.

Osarman

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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.

EXtremeAEX

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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.

Bitcoin is undoubtedly the king of the market. And absolutely the entire crypto market at the moment depends only on him. But this is not an argument in favor of trading only it. On altcoins, you can occasionally earn very well. Only long-term trading is not the only profitable. You can successfully trade altcoins daily or middle term. Just watch the market situation. For the entire long bear market, altcoins trading mainly brought me a steady profit.

neonshium

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Quote from: Karmakid on April 21, 2019, 06:45:14 AM

You should try day trading the altcoins from top 10 below because they are more flexible and more vulnerable to high fluctuations of price and that means a more room for you to make profit from day to day basis. Day trading is a very risky way to make money but if you are a master of technical analysis then i don't think that you need to worry about losing a lot of money.

But do not you think that that the money by playing like that would be too little as compared to what you could make with Bitcoin in this volatile market? This is very important to do your cost and benefit analysis. There would be no doubt instant gain of value if you sell TRX to gain quick profits but I think that holding your Bitcoin in a market condition like this will pay off a lot because you could make far more in Bitcoin than in TRX.

Aivaryamal

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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

ASHLIUSZ

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Quote from: Vaculin on May 01, 2019, 06:49:44 PM

Quote from: yvesp110 on April 27, 2019, 02:21:17 PM

Quote from: bitbunnny on April 25, 2019, 07:16:48 AM

Pwrsonally I don't see any other coins that are worth daily trading besides Bitcoin. Also, day trading is very demanding, it requests a lot of experiences and knowledge and your full attention to the market so it would be very hard to follow this for multiple coins. But maybe there are some successful traders who could manage that also.

I think the same, I like to trade with bitcoin and ETH because for me both of them are really good coins to trade for day, as price rises faster in day trading, it has more potential and it is first crypto currency, we will see progress even more with passage of time, trading is the beneficial only with bitcoin not any other coin.

Yes. Bitcoin and ethereum are still my good choices for trading cryptos because these two have good start already that we can really make huge profits especially if we hold them for long years. There may be a lot of altcoins out there but only few of then will sure to pump and the rest of them have only become shitcoins.

These have high liquidity market as well the increased trading volume which is a must with the day trading. Bitcoin is all about the independence, We cannot predict the growth upon any of the factors. The market will move sideways, uptrend, down trend or move gradually in no time. Having a scheduled observation will get good return with day trading.

Vaculin

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Quote from: yvesp110 on April 27, 2019, 02:21:17 PM

Quote from: bitbunnny on April 25, 2019, 07:16:48 AM

Pwrsonally I don't see any other coins that are worth daily trading besides Bitcoin. Also, day trading is very demanding, it requests a lot of experiences and knowledge and your full attention to the market so it would be very hard to follow this for multiple coins. But maybe there are some successful traders who could manage that also.

I think the same, I like to trade with bitcoin and ETH because for me both of them are really good coins to trade for day, as price rises faster in day trading, it has more potential and it is first crypto currency, we will see progress even more with passage of time, trading is the beneficial only with bitcoin not any other coin.

Yes. Bitcoin and ethereum are still my good choices for trading cryptos because these two have good start already that we can really make huge profits especially if we hold them for long years. There may be a lot of altcoins out there but only few of then will sure to pump and the rest of them have only become shitcoins.

South Park

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Quote from: BeGoods on April 30, 2019, 08:28:28 PM

Quote from: izanagi narukami on April 19, 2019, 08:32:21 AM

Personally I'm doing day trade for who has high volume transaction and great news about it.
But both of trading like stock and crypto has high risk on them so you should done it with extra careful.

I'm better trade crypto for long term rather than short term because I've experience it myself

It gives a smaller risk right? trading is not just about bitcoin and fiat. You have many other options too, like Altcoin with bitcoin, the risk might be much bigger but the benefits might be much bigger too, there are times when you have to get out of your comfort zone

Many traders want contradictory things, they want to obtain great profits in a short amount of time and they want to do it by avoiding risk as much as possible and that is not going to happen, the more volatile a market the better profits you can get, this is a known fact but you can also lose a lot of money if you invest in those markets, so the only ones that should invest in them are experimented traders with a strategy they have tested and that they know it works.

darkr

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Quote from: izanagi narukami on April 19, 2019, 08:32:21 AM

Personally I'm doing day trade for who has high volume transaction and great news about it.
But both of trading like stock and crypto has high risk on them so you should done it with extra careful.

I'm better trade crypto for long term rather than short term because I've experience it myself

Day trading is a time-eating activity. Only those fellows, who take trading as their main job, can do it. besides, you can work here mostly with the tokens that have a lower rating as their prices change more often.

OrangeSeller

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Quote from: yvesp110 on April 27, 2019, 02:21:17 PM

Quote from: bitbunnny on April 25, 2019, 07:16:48 AM

Pwrsonally I don't see any other coins that are worth daily trading besides Bitcoin. Also, day trading is very demanding, it requests a lot of experiences and knowledge and your full attention to the market so it would be very hard to follow this for multiple coins. But maybe there are some successful traders who could manage that also.

I think the same, I like to trade with bitcoin and ETH because for me both of them are really good coins to trade for day, as price rises faster in day trading, it has more potential and it is first crypto currency, we will see progress even more with passage of time, trading is the beneficial only with bitcoin not any other coin.

I do not think there is just Bitcoin out there in the market that can make or generate value in the market. ETH and Litecoin are good as well. There is a long list of good coins but if you do the relative analysis, you would realize that Bitcoin on the average gives more profit than others do so yeah Bitcoin is relatively good. But investing in a wide range of coins really makes you able to cash the profits due to diversification.

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Quote from: South Park on April 25, 2019, 03:26:40 PM

Quote from: bitbunnny on April 25, 2019, 07:16:48 AM

Pwrsonally I don't see any other coins that are worth daily trading besides Bitcoin. Also, day trading is very demanding, it requests a lot of experiences and knowledge and your full attention to the market so it would be very hard to follow this for multiple coins. But maybe there are some successful traders who could manage that also.

If you are day trading then it is a good idea to try to monitor more coins than just bitcoin since the more markets you watch the more opportunities you are going to have to make money, but you are right, the more markets you are watching the harder day trading becomes, but you do not need to watch hundreds of coins at the same time, as long as you can watch 3 or 4 coins at the same time then you will have plenty of opportunities to multiply your capital.

I'm sure that there are lots of alts better suited for intra day trade as well. So not only bitcoin but most altcoins are really prime for day trading. That is if you are able to ride the waves early.

I saw one coin being pump 2 consecutive days, ICO price was $.5 then it went as high as $5. But now its hovering around $1.5-$2.0. Still not bad though specially for investors, x4 of your investments in this bear market? I will take it anytime of the day.

BeGoods

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Quote from: izanagi narukami on April 19, 2019, 08:32:21 AM

Personally I'm doing day trade for who has high volume transaction and great news about it.
But both of trading like stock and crypto has high risk on them so you should done it with extra careful.

I'm better trade crypto for long term rather than short term because I've experience it myself

It gives a smaller risk right? trading is not just about bitcoin and fiat. You have many other options too, like Altcoin with bitcoin, the risk might be much bigger but the benefits might be much bigger too, there are times when you have to get out of your comfort zone

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So anyway, I applied as a merit source :)

Quote from: bitbunnny on April 25, 2019, 07:16:48 AM

Pwrsonally I don't see any other coins that are worth daily trading besides Bitcoin.

Is it not strange that after the altcoins bled out the general concept changed from being alt enthusiast to bitcoin maximalists? Its nice to see people change like this and it also brings out the level of hypocrisy that some people have.

Quote

Also, day trading is very demanding, it requests a lot of experiences and knowledge and your full attention to the market so it would be very hard to follow this for multiple coins. But maybe there are some successful traders who could manage that also.

Obviously some day traders will be able to make money from trading alts. But know this as well, majority of day traders actually make money by selling their memberships to personal pump and dump groups rather than actually trade. They give their own picks which are again pumped up coins where they are going to dump on their members when they go after that pick and buy it to a huge price.

yvesp110

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Quote from: bitbunnny on April 25, 2019, 07:16:48 AM

Pwrsonally I don't see any other coins that are worth daily trading besides Bitcoin. Also, day trading is very demanding, it requests a lot of experiences and knowledge and your full attention to the market so it would be very hard to follow this for multiple coins. But maybe there are some successful traders who could manage that also.

I think the same, I like to trade with bitcoin and ETH because for me both of them are really good coins to trade for day, as price rises faster in day trading, it has more potential and it is first crypto currency, we will see progress even more with passage of time, trading is the beneficial only with bitcoin not any other coin.

Topic: Is there any reason to day trade anything other than bitcoin? - page 5. (Read 20916 times)