Is there any reason to day trade anything other than bitcoin? - page 6.

fullhdpixel

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Quote from: GreatArkansas on April 24, 2019, 07:56:12 PM

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

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

Not all the time, just like now, did alts followed Bitcoin? Alts just dump hard when BTC pumped.
It's really different for me to trade bitcoin and alts (especially when bull season). I do believe that when the price of bitcoin will become stable again, probably that the alts will follow also.
As you can see now, after how many hours/days when BTC pumps and alts dump and BTC still dumping, suddenly the alts are pumping (This kind of scenario I noticed on since last year)

This is where a smart trader takes advantage age, from what you said, you will see that both always go opposite direction which I agree with you, so Bitcoin and altcoins both have different season, we just need to learn how to adapt and take advantage of both seasons.

Probably we trade bitcoin during its own run and once BTC start its own bull run, we enter trades because that is when the market becomes much volatile and when Bitcoin is about to stop the bull run, then we should automatically know that it is time to trade altcoins. We have to study how to control the market and not the market always controlling us.

South Park

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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.

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.

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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.

GreatArkansas

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

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

Not all the time, just like now, did alts followed Bitcoin? Alts just dump hard when BTC pumped.
It's really different for me to trade bitcoin and alts (especially when bull season). I do believe that when the price of bitcoin will become stable again, probably that the alts will follow also.
As you can see now, after how many hours/days when BTC pumps and alts dump and BTC still dumping, suddenly the alts are pumping (This kind of scenario I noticed on since last year)

johanesrobin

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Quote from: fndsr on April 23, 2019, 04:18:51 AM

how many altcoins are very good for trading daily. I picked TRX one of them. you can move from holding BTC to TRX. the reason is the price for trx is cheap and you can play pingpong in daily trading (up a little selling. down a little buy)

maybe you mean scalping technique. not pingpong. That is good.
trading is looking for profit, and analyzing potential coins is better than losing a moment or getting stuck.

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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.

I think day trading is good but long term trading is more than this, for day trading we will have to gain enough knowledge and information, those who can make good analization of the market can get good profit from day trading as for day trading we will have to remain active day and night in the market so we can check current market price graph.

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Quote from: South Park on April 23, 2019, 12:50:46 PM

Quote from: DaveWave on April 19, 2019, 08:41:57 AM

Maybe trading altcoins aren't that good for whales. But regular traders aren't trading millions daily. The good thing on altcoins as mentioned have higher volatility so a very good trader gains better than trading using altcoins.

Whales will have huge problems getting in and out of their positions if they tried to trade coins with low volume, so they do not really have any option but to stick with coins like bitcoin and ethereum, but for those like us with a small amount of money we can safely trade those alts, as long a we know what we are doing, but when you see that bitcoin can easily get you huge profits in just a few weeks like what we are seeing now I really wonder why should I bother with most altcoins anyway?

I do agree with you and to me this all depends on the type of traders we are. It will be very difficult for us to trade bitcoin and making consistently profits talk more of other coins but if you have understanding on how the market work you can actually makes money from any of the coins listed in exchange platforms. You just need to have the strategies and experience on how day trade work in other to take advantage of the up and down of the market. It is good we understand all the altcoins and there market behavior as this is the only way we can know when to take little profits as there get dump and pump of those coins daily.

South Park

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Quote from: DaveWave on April 19, 2019, 08:41:57 AM

Maybe trading altcoins aren't that good for whales. But regular traders aren't trading millions daily. The good thing on altcoins as mentioned have higher volatility so a very good trader gains better than trading using altcoins.

Whales will have huge problems getting in and out of their positions if they tried to trade coins with low volume, so they do not really have any option but to stick with coins like bitcoin and ethereum, but for those like us with a small amount of money we can safely trade those alts, as long a we know what we are doing, but when you see that bitcoin can easily get you huge profits in just a few weeks like what we are seeing now I really wonder why should I bother with most altcoins anyway?

fndsr

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how many altcoins are very good for trading daily. I picked TRX one of them. you can move from holding BTC to TRX. the reason is the price for trx is cheap and you can play pingpong in daily trading (up a little selling. down a little buy)

Karmakid

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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.

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Quote from: Aivaryamal on April 19, 2019, 01:05:17 AM

To be honest, there is not much bitcoin in my portfolio, although it has a large capitalization and wide distribution, but the potential profit is much less than compared to other digital assets that can grow in price by another 10-15 times

Well this also depends on how long have you been holding your Bitcoin. I think that Bitcoin is not something that will give you some 10x profits in a month or so. The market had been very slow these days and you need to be patient for some good profits. There are other coins which grow faster that Bitcoin but since the marketcap of Bitcoin is quite high, a surge or two would be enough to double the value of your investment.

Day trading is suicidal as per many trader's experiences. Still, we are seeing many people are trying to learn and practice it through various topics here in this forum itself. I am not at all interested in day trading but I am trading bitcoins and that too long term holding basis not even short term basis.

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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

Always better to trade with high volumes since its more active, though most of those coins are just a fake volume so try to trade with a good coins. I also do long term trading because day trade is not good for me, bitcoin is not a reason to do day trading since its not moving much. Do your day trading because you can, not just you want to.

ApocalypseNow

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Why don't you try ETh or BNB? There's a lot of coins spiking up everwhere and you just need to take a closer look at every each of them. They are not just recovering but the team behind these projects are also releasing good progress of their product at the same time to increase the price a bit more.

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Quote from: HyughA on April 18, 2019, 07:03:29 AM

I trade, of course not just trading bitcoin, the new altcoin that appears I like to trade. and recently I made a lot of profit in trading with the IEO model investment in the Kukoin market, but still being a benchmark is Bitcoin with all the conveniences available

Well this is your own choice and that you are trading with so many coins and some of them are bitcoin but for me it is not good and actually there is no reason for me to trade with any other coin, bitcoin is the best choice for now, we can gain huge profit from it, I feel safe while trading with bitcoin is never think about changing my coin.

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Maybe trading altcoins aren't that good for whales. But regular traders aren't trading millions daily. The good thing on altcoins as mentioned have higher volatility so a very good trader gains better than trading using altcoins.

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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.

You are absolutely right, the bitcoin is what dictates the market. All Altcoins depend on Bitcoin, either directly or indirectly, this is due to the number of operations that are generated every day.

Stellar represents an altcoin that also depends a lot on the Bitcoin market, and it is logical, because whenever there is a price fall, Stellar goes down, like all altcoins, so it is very difficult for an altcoin to have a life of its own without relying on bitcoin . For this reason Bitcoin will always be the number 1, the only way that any currency can compete is that it has some kind of support and liquidity, while the market continues as it goes, can hardly dethrone Bitcoin.

izanagi narukami

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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

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Quote from: Pattart on April 19, 2019, 07:27:27 AM

Quote from: John46285 on April 13, 2019, 12:16:02 PM

Quote from: hungsanh2512 on August 03, 2018, 03:08:22 AM

When you only buy Bitcoin and keep it in wallet, it's a waste of time and money. When Bitcoin is used to invest in Altcoin, it is reasonable and you will have more money to buy Bitcoin and increase Bitcoin value than original.

Yeah trading is much better than just holding coins. Cause by this we can increase the amount of our coins that we are holding. But for this we must need to be careful.

Of course there are many other options, there are even hundreds of altcoins on the market. what you need to do is research deeper
into which is altcoins have greater profit and potential than bitcoin, I'm sure there are many of them, on the market

Yes, there are hundreds of altcoins but more than a half of them were just nothing to gain.
For the safe trade, Bitcoin will be the best option but we will not need to decline some leading coins that is potentially profitable also. Belong to the top 10 coins in the market will be considered for another option aside from Bitcoin.

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Quote from: John46285 on April 13, 2019, 12:16:02 PM

Quote from: hungsanh2512 on August 03, 2018, 03:08:22 AM

When you only buy Bitcoin and keep it in wallet, it's a waste of time and money. When Bitcoin is used to invest in Altcoin, it is reasonable and you will have more money to buy Bitcoin and increase Bitcoin value than original.

Yeah trading is much better than just holding coins. Cause by this we can increase the amount of our coins that we are holding. But for this we must need to be careful.

Of course there are many other options, there are even hundreds of altcoins on the market. what you need to do is research deeper
into which is altcoins have greater profit and potential than bitcoin, I'm sure there are many of them, on the market

Aivaryamal

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To be honest, there is not much bitcoin in my portfolio, although it has a large capitalization and wide distribution, but the potential profit is much less than compared to other digital assets that can grow in price by another 10-15 times

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