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Topic: Is there any reason to day trade anything other than bitcoin? - page 7. (Read 20920 times)

hero member
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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
The main intention of day trading is to make money so in traders will accept the profits from trading any cryptos not just only with bitcoin but it is highly risky as well so who are ready to take any kind of risk has the options to go with altcoins.
full member
Activity: 360
Merit: 100
I think the answer to your question is rather subjective. Day trading might work for savvy traders who really take time to do their research before investing; investing in alts which do not have the same a secured platform compared to bitcoin is definitely much riskier due to its volatility. For some or possibly most people, however, they always find ways to mitigate the risks by investing long term with the more stable bitcoin. The minute they feel the market gets shaky, they can always pull out their investments with a relatively smaller loss and invest again during a significant dip.
jr. member
Activity: 191
Merit: 1
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
hero member
Activity: 2604
Merit: 816
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because if we trade in coins other than bitcoin we can earn two times more than trading bitcoin and other coins. so my reason besides trading bitcoin is that is my reason

that.
higher risk / higher reward

check even the big caps like ETH on 2017 bull run, the movements were bigger.
with low caps it's even bigger, you're not making 10-20x with bitcoin in a year anymore... I mean, maybe you will, but it can be even more with alts.

As long as we are not making a mistake, we could make a bigger profit from the altcoin because we know that altcoin has a big chance to get increase first and then Bitcoin. But when bitcoin increase, then you can sell your bitcoin from selling altcoin before so you will have a lot of money in the end.

The reason to make day trade is various for each people but one thing that we should know that we want to collect more and more bitcoin so we could sell the bitcoin at the highest price.
copper member
Activity: 280
Merit: 1
It all channels down to the volume at a specific time. Some of the alt coins at some point in time have considerable volume and factors moving the market which mskes them an option to consider when day trading.
hero member
Activity: 2338
Merit: 953
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because if we trade in coins other than bitcoin we can earn two times more than trading bitcoin and other coins. so my reason besides trading bitcoin is that is my reason

that.
higher risk / higher reward

check even the big caps like ETH on 2017 bull run, the movements were bigger.
with low caps it's even bigger, you're not making 10-20x with bitcoin in a year anymore... I mean, maybe you will, but it can be even more with alts.

Exactly,,, remember, this is after all a market for big speculation. People still will not forget that while Bitcoin x20, altcoins made people x100 or even x1000 in the same period of time. Alts are easier to pump, far, far easier,,, and people liked that a lot about them. Alts were also easier to buy (with Bitcoin) unlike BTC which you have to buy with fiat. So if you already have BTC, you can make all kinds of alt trades without putting in more money of your own.
hero member
Activity: 924
Merit: 502
because if we trade in coins other than bitcoin we can earn two times more than trading bitcoin and other coins. so my reason besides trading bitcoin is that is my reason

that.
higher risk / higher reward

check even the big caps like ETH on 2017 bull run, the movements were bigger.
with low caps it's even bigger, you're not making 10-20x with bitcoin in a year anymore... I mean, maybe you will, but it can be even more with alts.

ETH and Bitcoin both are very famous and popular coin, big investors always choose these type of coins, and in 2017 ETH break the record, but now we have come in this stage where all coins are down, including ETH and bitcoin. But in my eye, bitcoin is best for all the time, so it doesn't matter it is day trading or holding for a long time.    

Day trading is an optional choice to do if we had a holdings which is a good asset. Although btc and eth was a trusted coins for a long time, we still have more chance to earn higher profit from other crypto coins. Seeking a good alternative for day trading is a very wise idea these days, but we have to be careful in doing it because not all coin platforms is good to trade. Sometimes you're going to fall after buying thus you thought nice, and in the long run frustrates you when price goes down drastically in the market exchanges.
legendary
Activity: 1904
Merit: 1000
because if we trade in coins other than bitcoin we can earn two times more than trading bitcoin and other coins. so my reason besides trading bitcoin is that is my reason

So what coins do you trade? Trading coins other than bitcoin might give us good results once or twice but the question is, can trading with such coins give us repeated opportunities to get good profits? From my own view, there are some coins which are pumped once or twice and then the price drops deeply and never rises significantly again. While with bitcoin where fluctuations have been tested, the opportunity to collect profits, although not so large, does exist. Bitcoin prices can fluctuate in a good range almost every day.
hero member
Activity: 2506
Merit: 645
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because if we trade in coins other than bitcoin we can earn two times more than trading bitcoin and other coins. so my reason besides trading bitcoin is that is my reason

that.
higher risk / higher reward

check even the big caps like ETH on 2017 bull run, the movements were bigger.
with low caps it's even bigger, you're not making 10-20x with bitcoin in a year anymore... I mean, maybe you will, but it can be even more with alts.

ETH and Bitcoin both are very famous and popular coin, big investors always choose these type of coins, and in 2017 ETH break the record, but now we have come in this stage where all coins are down, including ETH and bitcoin. But in my eye, bitcoin is best for all the time, so it doesn't matter it is day trading or holding for a long time.   
legendary
Activity: 2506
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There's no need to be upset
because if we trade in coins other than bitcoin we can earn two times more than trading bitcoin and other coins. so my reason besides trading bitcoin is that is my reason

that.
higher risk / higher reward

check even the big caps like ETH on 2017 bull run, the movements were bigger.
with low caps it's even bigger, you're not making 10-20x with bitcoin in a year anymore... I mean, maybe you will, but it can be even more with alts.
sr. member
Activity: 994
Merit: 252
Of course there is a problem if bitcoin is still difficult to make income in trading, so most people will definitely trade coins like altcoin to get results
Not exactly correct. If you are accepting some bullshit propaganda of some shitcoin then you will also think in the same manner. But the truth is that only bitcoin is what people need to hodl. Rest all are shitcoins. If you want to make money then bitcoin itself is worth selling and buying back. But this needs trading skills and for newbies it might seen tough and they may have the opinion that trading bitcoin wont give them anything much so they should trade altcoins - absolutely wrong concept.

It might seem to you very strange, but the reality is the following: some guys, who start to deal with Bitcoin have never heard about altcoins. Therefore, they lose a lot of chances to earn more.
Again the same thing. Altcoins are there and they cane be worth trading but the maximum safety to say is with bitcoin.
  Every altcoins is good and I know every coin can be use for trading but we will have to use the good and promising one, we can see in market now a day there are number of coin, but still no one has the ability to overcome the value of bitcoin, for me bitcoin is the number one coin that’s why, trade is only safe with bitcoin none other than bitcoin.
hero member
Activity: 2548
Merit: 572
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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.
Not certainly, it's still depends on a trader and the market situation. For example if the market is bullish, then the best thing to do is to do nothing but to hold until it reaches its resistance. There's no guarantee to increase the amount of someone's coins in trading; it's somehoe difficult to deal with because many aspects are affecting it.
Beside a lot of aspect, there is a lot of thing to research when someone want to do trading. But it is fun when we analyze especially when we trade in high volume coin that still pumped. Our adrenaline can pumped too and it is what make any reason why we should do trade any altcoin other than bitcoin like in title of thread.
sr. member
Activity: 966
Merit: 274
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.
Not certainly, it's still depends on a trader and the market situation. For example if the market is bullish, then the best thing to do is to do nothing but to hold until it reaches its resistance. There's no guarantee to increase the amount of someone's coins in trading; it's somehoe difficult to deal with because many aspects are affecting it.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
Of course there is a problem if bitcoin is still difficult to make income in trading, so most people will definitely trade coins like altcoin to get results
Not exactly correct. If you are accepting some bullshit propaganda of some shitcoin then you will also think in the same manner. But the truth is that only bitcoin is what people need to hodl. Rest all are shitcoins. If you want to make money then bitcoin itself is worth selling and buying back. But this needs trading skills and for newbies it might seen tough and they may have the opinion that trading bitcoin wont give them anything much so they should trade altcoins - absolutely wrong concept.

It might seem to you very strange, but the reality is the following: some guys, who start to deal with Bitcoin have never heard about altcoins. Therefore, they lose a lot of chances to earn more.
Again the same thing. Altcoins are there and they cane be worth trading but the maximum safety to say is with bitcoin.
legendary
Activity: 3318
Merit: 1128
Of course there is a problem if bitcoin is still difficult to make income in trading, so most people will definitely trade coins like altcoin to get results
I would not have second though in bitcoin even if it becomes more difficult to trade with, because we will surely get to that stage where the price movement will become very less, that is when we are completely operating the coin with less volatility, then it will be very good for store of value and payments of goods and services which it will be widely known for more then, it will later become a stable coin and will not give chance for more trades, just little trade the way Forex does not.

Less we forget, Bitcoin was created as a utility coin, the profit we get are just path of the starting benefit, same as altcoins, the only difference is that altcoins might fade away in the long-term, while btc will always remain.
jr. member
Activity: 100
Merit: 1
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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.
full member
Activity: 546
Merit: 100
Bitcoin used to be the main crypto currency, but now there are more and more projects that already have an excellent product in demand, a strong community and can give growth more than 100 times and we need to be paid attention it

It might seem to you very strange, but the reality is the following: some guys, who start to deal with Bitcoin have never heard about altcoins. Therefore, they lose a lot of chances to earn more.
full member
Activity: 966
Merit: 102
Of course there is a problem if bitcoin is still difficult to make income in trading, so most people will definitely trade coins like altcoin to get results
sr. member
Activity: 2520
Merit: 280
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It is true that Bitcoin is the mover of the crypto currency market no doubt but there are some altcoins that you will hold for a long time and you will end gain huge sum if money from your investment if the market move in your favor.
There are lots of potential altcoins that are good for day but I would still stick with bitcoin. As for me, the value of bitcoin is still reliable and is increasing each day where it simply means that we could gain better through it. However, we could do a simple study on what is better for day trading.
Finding those altcoins are not going to be easy so most of the people stick with btc and stable coin pair for day trading and they feels more secured when they doing with bitcoin.
The only thing you will need to do is just to analyze the top 10 altcoins and spread your investment capital in all the one you think has a potential growth in the near future for is better to take risk than not take risk at all.
There are some shitcoins as well in the top 10 based on market value like XRP so would you suggest people to invest on that coin?

Top ranked marketcap valued coins are not going to give much profits in the day trading if you want to make huge then it might be hidden under 100.
member
Activity: 785
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We have other altcoin in the market, ETH is there so as Neo and the rest of them it basically depends on your analysis and skills on the market.
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