Is trading Bitcoin and other alts still profitable?

longminh123

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Quote from: squatz1 on October 31, 2017, 07:54:57 AM

I was a trader awhile back, I want to say about a year ago now and wanted to know what the current state of the market is for the traders that are currently trading to this day? I know a lot of the current exchanges that I used for trading, such as Poloniex, are still around but aren't really being used much as before.

I wasn't able to profit much but would like to hear how people are doing these days. Thanks a ton!

bitcoin trading or other altcoins will have losses and profits. Depending on the experience of each person. New entrants to the Crypto market often lose a lot. Professional traders will make a lot of money in trading.
So bloody pegs will be the experience in the deal. To make more money in speculation, you need to learn more to gain experience. You should find yourself a good teacher to guide you.

Rebisco

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Quote from: squatz1 on October 31, 2017, 07:54:57 AM

I was a trader awhile back, I want to say about a year ago now and wanted to know what the current state of the market is for the traders that are currently trading to this day? I know a lot of the current exchanges that I used for trading, such as Poloniex, are still around but aren't really being used much as before.

I wasn't able to profit much but would like to hear how people are doing these days. Thanks a ton!

There are many beginners who wants to enter to the cryptocurrency world because they are aware about how profitable is the trading of cryptocurrencies. Cryptocurrency trading is worth it and it is the reason why many people are prefer to make investment to it.

DevilSlayer

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Quote from: squatz1 on October 31, 2017, 07:54:57 AM

I was a trader awhile back, I want to say about a year ago now and wanted to know what the current state of the market is for the traders that are currently trading to this day? I know a lot of the current exchanges that I used for trading, such as Poloniex, are still around but aren't really being used much as before.

I wasn't able to profit much but would like to hear how people are doing these days. Thanks a ton!

Of course it is! I keep trading altcoins and even bitcoins because it is really profitable! I am using the trading platform of bittrex and binance for me to trade profitable cryptocurrencies. There are a lot benefits that I earning from trading altcoins.

DPrillio

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Quote from: charlzyeby on May 12, 2018, 08:24:20 PM

Trading has been a major source of earning for some of us. I just needs enough time. There are times you may incur a few loses here and there but generally you earn profit if you are not too greedy. For example if you set a target for yourself to a coin 0.2 usd and sell when it has reached 0.25 usd, make sure you sell just within that range. You could easily go from 0.5 usd to 0.0005 usd if you are too greedy.

Yes, I agree that crypto trading now a days is the main source of income by the people in every different society in the world and I think its still profitable if is manage and handled carefully because the only constant in crypto market is the changes or the volatility of each coin and volatility is he chances of all traders to be profitable.

Uvidify

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Arbitrage trading is the best I can say for now that is profitable.. Especially when trading ERC-20 Tokens on DeX.

charlzyeby

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Trading has been a major source of earning for some of us. I just needs enough time. There are times you may incur a few loses here and there but generally you earn profit if you are not too greedy. For example if you set a target for yourself to a coin 0.2 usd and sell when it has reached 0.25 usd, make sure you sell just within that range. You could easily go from 0.5 usd to 0.0005 usd if you are too greedy.

MiF

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Quote from: kkaroul4 on May 12, 2018, 05:06:31 AM

Quote from: filtyfrank251 on May 12, 2018, 04:43:12 AM

Exactly. Bitcoin was born as a brand new investment and investment tool, but very well developed in the cryptocurrency market. Market participants are now sure to get big profits in the near future. To do this, you have to equip yourself with a lot of knowledge, skills that combine your ingenuity.

because most of the profits are trading bitcoin coins and other coins in altcoins, so most of the people are trading in the crypto world to get bigger profits than trading in the real world

Indeed, trading here in crypto currencies is having greater advantages compared with fiat investment like real business. But although trading with alts has a volatile movement of your profit, you only knew how to think of holding for long span of time to earn higher profit.

Jake Virus

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Quote from: lordmick on May 12, 2018, 02:42:28 PM

Trade in cryptocurrencies will always remain profitable only if we adhere to the rules of diversification, risk management and also use technical and fundamental analysis in the aggregate.

Trading bitcoin and other altcoins is still profitable specially when the market is green, so we can sell all the altcoins we have with a higher price, and right now i dont have plan to sell my bitcoin, i just planning to buy more because the market is becaming red again.

anatolykarpov

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I prefer to invest in new coins. They have more room to grow than their big brothers. They can easily x2 - x3 in a month

ShadowBits

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Quote from: squatz1 on October 31, 2017, 07:54:57 AM

I was a trader awhile back, I want to say about a year ago now and wanted to know what the current state of the market is for the traders that are currently trading to this day? I know a lot of the current exchanges that I used for trading, such as Poloniex, are still around but aren't really being used much as before.

I wasn't able to profit much but would like to hear how people are doing these days. Thanks a ton!

Yes, for me trading in Bitcoin and other altcoins are still profitable to me, but sometimes there are also the time that I don't have a profitable trade.

bhabygrim

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Yes it is still profitable the market continues to fluctuate then there is still a chance to earn.
You could still buy low and sell high so it all depends on you if you are going to take the risk.

somebadger

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It depends, if you want to make a short term trading for daily profits, then it is profitable, otherwise just buy coins and try to hold them for some time (1 to a few more months) this is profitable after all.

lordmick

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Trade in cryptocurrencies will always remain profitable only if we adhere to the rules of diversification, risk management and also use technical and fundamental analysis in the aggregate.

Luckym7

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Yes, Bitcoin and other altcoin is always profitable if you know how to start trading. Some people don’t how to start trading and they start trading and lose his money and those people don’t make a profit so those people say it is always not possible to always make a profit with crypto trading. Although I’m a crypto currency trader so I’m always make a some profit with my crypto currency trading and I’m hold some coin for a long time because now market condition is not good so I’m hold bitcoin for a long time purpose.

arzunpathak

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I've started trading since a month ago and yes, I can say it's profitable BTCBTC. I made good profit and I'm exploring crypto space actively.
Right now(12th May 2018), market is down, buy them especially those are dumped, soon it will shoot up and yeah profit.

I'm on Binance, you too can Binancian https://www.binance.com/?ref=27616189 in few steps, they charge less trading fee and most important offers security and reliability.

You can ask me, how to start your profitable trades.

MRY

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I think, trading will be very profitable if you trade properly and have a good strategy so that will get a profit, but if you do not have a good knowledge of trading then it will only make you lose

yetiripper

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The Future Of Work

Every single moment makes different altcoins pump and become more and more profitable, so there is no doubt you should look closer at them as an investor.

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Quote from: filtyfrank251 on May 12, 2018, 04:43:12 AM

Exactly. Bitcoin was born as a brand new investment and investment tool, but very well developed in the cryptocurrency market. Market participants are now sure to get big profits in the near future. To do this, you have to equip yourself with a lot of knowledge, skills that combine your ingenuity.

because most of the profits are trading bitcoin coins and other coins in altcoins, so most of the people are trading in the crypto world to get bigger profits than trading in the real world

XCANA

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Very much profitable except if you don't know how to trade crypto currency i believe it is second to none in terms of miney making in crypto currency market. Although, it is difficult for some people whom i believe they don't have the prerequisites for trading crypto currency

filtyfrank251

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Exactly. Bitcoin was born as a brand new investment and investment tool, but very well developed in the cryptocurrency market. Market participants are now sure to get big profits in the near future. To do this, you have to equip yourself with a lot of knowledge, skills that combine your ingenuity.

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