Is trading Bitcoin and other alts still profitable? - page 12.

posesion19

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Quote from: squatz1 on October 31, 2017, 08:54:57 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!

For now,holding is a lot more profitable than trading. I admit that trading altcoin right now is very hard because the market is so bad

NavySeals

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Quote from: dharnamonitor on January 04, 2018, 09:16:30 AM

Nothing change dude, it's still profitable like before, so if you really wanted to go back and start trading then go for it.
No need to hold back if you have money and guts, profits are waiting for you haha.

Completeley agree with you, nothing changed but the hard pumps. In the old days, we would not see this much price pumps in majör and top altcoins. Nowadays, adding couple of billion dollar market caps became very easy for the top projects.

dharnamonitor

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Nothing change dude, it's still profitable like before, so if you really wanted to go back and start trading then go for it.
No need to hold back if you have money and guts, profits are waiting for you haha.

Shivasenap

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Quote from: squatz1 on October 31, 2017, 08:54:57 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 it is still profitable like before but you need to be cautious about the coins. Selecting coins is more important now. Select good coins and you can get good gains like before.

jrrsparkles

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Quote from: jojowar on January 03, 2018, 07:55:25 PM

Trading bitcoin and other alts are still profitable if you know the process and what alts you want to trade. There are some sites you will find the rate per alts.

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That is based on when you trade your bitcoin or other alt coin because the rate of the currencies changing every minute so we must know about the statistics of the currencies and after knowing this you can earn good profit in this business when comparing to before earnings .

Xising

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Quote from: squatz1 on October 31, 2017, 08:54:57 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!

I think that it is still profitable. I mean it is every year that people ask about the legitimacy of bitcoin and altcoin when it comes to trading. Fortunately, it is still effective. Perhaps to those people who say this are not really fond of doing trading or doesn't understand the whole concept of trading at all.

WSDN

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why not? look at the market now. the trade volume is about over $61 billion per day. if trading and investing are not profitable, why can the investors around the world create that number?

raven7886

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Quote from: katarin2030 on January 03, 2018, 04:34:48 AM

Quote from: Arkham Knight on January 03, 2018, 02:32:43 AM

Basically altcoins are more profitable than bitcoin. Bitcoins are a good investment, but it can't go 100x or 1000 easily in a short timeframe like altcoins can especially those that are sleeping for ages, under the radar and very cheap.

Both are profitable but altcoins can give more profit as the price of bitcoin is more than the altcoins. Altcoins with less price can give more profit buy altcoins more in numbers and then sell the coins as the price varies that will give good profit.

Holding some altcoins has really given me huge profit within just few days than I would have imagined than even trading itself. I am sure a lot of people trade, but not everyone sure have the time and there are just sometimes, that you may make the wrong call and when you are not there to get out of the show, then you may end up accruing huge loss.

With holding, you know this is going to be a long term trade, and you really do not bother much about the fluctuations. Trading though is highly profitable if you have a good strategy and skills to pull it off.

michkima

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It is extremely profitable and also extremely risky! There is a chance that you can earn double, triple or even x1000 your money in an instant but there is also a chance that you lose everything in an instant as well. That's how trading is. There are people that got lucky like investing into something weird like XRP that just got pumped really outrageously this past weeks. It jumped from 20 cents to 3 dollars in just a few days, that's really crazy growth.

onecall123

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Quote from: eloymjb on January 04, 2018, 12:20:13 AM

yes, wheather bitcoin or other altcoins is still always profitable, in that case you make a profit base for how you handle your capital and strategy for day trade. best way to make profit is go on the flow on market and a little research for coins that you want to hodl for long term investment.

Definitely, recent bullrun of alcoin markets at least proved that. It's never too late join with good projects. Make confident in your project by a little survey and buy on a dip, then hold for a while. So, Get on it.

Cryptolive

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Quote from: squatz1 on October 31, 2017, 08:54:57 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 Poloniex is not like before. They have lost. They are not launching any coin since three months and they dropped their rank in exchanges. Try Binance, it has a lot number of coins and will be tradable like before.

Soranith

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I started my year 2018 with a trade and I am pretty doing great enjoying all my profits now with another trade. I don't look for big profit as long as the profit is good then I exit and then look for another coin to trade.

GreatArkansas

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Ofcourse! It is really profitable. When it comes to trading, it is very profitable, starting now, there are many altcoins that is really have potential and every hour/minutes is pumping. If you know how to handle trading, you can make money easily.

globalcitizen

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I want to say that there's no doubt that trading Bitcoin and altcoins are of course still profitable but only to those who know the trade, conduct due diligence before entering trade and know how to place the right trade. If you have sufficient time on your side and ready to do the necessary research and keep learning then you can opt for day trading otherwise select well researched coins, buy and hold for short to long term.

eloymjb

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yes, wheather bitcoin or other altcoins is still always profitable, in that case you make a profit base for how you handle your capital and strategy for day trade. best way to make profit is go on the flow on market and a little research for coins that you want to hodl for long term investment.

orka39

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Bitcoin and altcoins are still a baby if you see how old they are. Bitcoin is around 9 years old.
So start now in this great technology will be still profitable and more profitable in future.

Aya1

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Actually trading allcoin and bitcoin it produces many benefits, but be careful in the trade, if you want to succeed still read the guidelines how to trade bitcoin and bitcoin

traderethereum

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Quote from: mayidid on January 03, 2018, 08:17:46 PM

All you need is enough fluctuation to be able to buy and sell with a profit repeatedly over time and you could make money by trading. Once you started to know almost everything with it, in the end you'll say that trading will always be worth it. Because if you know and have an insight for the future forecast of a certain pump and dump of a coin, you know what to do.

yes, we can see that now the fluctuation is coming and we can prepare or we can buy more and sell if the price is higher so we can make a profit. bitcoin and other altcoins still profitable as long as we can analyze and will always give us profit if we know how to search the opportunity and the gap of the price so we can buy and sell. although not every coin have this, I am sure that there is a coin that will give us a chance for this so we can try.

mayidid

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All you need is enough fluctuation to be able to buy and sell with a profit repeatedly over time and you could make money by trading. Once you started to know almost everything with it, in the end you'll say that trading will always be worth it. Because if you know and have an insight for the future forecast of a certain pump and dump of a coin, you know what to do.

jojowar

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Trading bitcoin and other alts are still profitable if you know the process and what alts you want to trade. There are some sites you will find the rate per alts.

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