Topic: Is trading Bitcoin and other alts still profitable? - page 16. (Read 4806 times)
I think you need to stop meanwhile in trading because man of coins getting lower and gone. If you want to trade go first with bitcoin to have more profitable because it is more stable than other. IF you invest bitcoin go to long term investments.
If you don’t know about any idea with trading you can’t make a profit with your trading so at first you learn trading and start trading you must make a profit here.
Absolutely, But you also have to study the projects and ICO you want to join and invest in and again invest what you can afford to lose.
Trading is only profitable if you are a daytrader and you really know what you are doing, it has a lot of risks and it is not easy at the moment, all the altcoins are going down, and those who are in bullish trend are a few ones.
So if you are a newbie, you should know that it is not going to be easy, and if you are greedy as fuck and you only want to make hundreds of dollars everyday, you will lose your investment sooner or later.
The best thing you can do is just hold your coins for some months.
The problem with newbies is that they have heard the stories of early adopters buying bitcoin for a few dollars and now being millionaires and they want to emulate that when we know that is almost impossible to replicate, they have false beliefs about the profits you can get with bitcoin, the profits are indeed impressive but you cannot become rich with just a few dollars anymore.So if you are a newbie, you should know that it is not going to be easy, and if you are greedy as fuck and you only want to make hundreds of dollars everyday, you will lose your investment sooner or later.
The best thing you can do is just hold your coins for some months.
Everything is still profitable and as long as whoever is investing has some little patience, a time will come when they will get the best out of their waiting period.
I love this quote very much. At this period of dip in price, hoarding is wise than trading.
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 wasn't able to profit much but would like to hear how people are doing these days. Thanks a ton!
if only bitcoin trading is obviously not so profitable because bitcoin the price is expensive and the transaction cost is also definitely expensive so better to play trading by buying altcoin whose price is clearly still cheap and if it rises very profitable.
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 wasn't able to profit much but would like to hear how people are doing these days. Thanks a ton!
If you talk, trading is not profitable, then I see that is a mistake. You can observe that the price of BTC is increasing day by day, if you buy BTC today, you can have profit tomorrow for yourself. And if risky you can consider investing in altcoin, surely the profit will be much higher than the BTC. So trading would be profitable and requires a lot of knowledge as well as the experience of cryptocurrency.
One can get profit in the volatile market if he has time to look after his business so one still can get profit if he has the correct planning for his business.
of course still very profitable because the price is still often up and down so we can buy bitcoin or altcoin with cheap prices and sell when the price rises so the difference in price is the advantage that I get. but I also often exchange bitcoin with altcoin which I have predicted will rise then after the price goes up I switched it back to bitcoin this is a way to increase profit on bitcoin.
Of course it is, but only if is you act as a professional, maximizing the gains and minimizing the loss.
Of course analysis is difficult, because the standard system don't work so well.
But my impression is that a lot of "traders" are actually gamblers, taking decisions without any sense.
Of course analysis is difficult, because the standard system don't work so well.
But my impression is that a lot of "traders" are actually gamblers, taking decisions without any sense.
i think its still profitable but we need to know how to pick the right price when we want to buy or sell because the situations now is like a trap and if we are not be careful, we can not make profit and from last month to till now it is most profitable than holding bitcoin. We have seen rise of verge and we have seen the rise of cardano and now i am hopping for same for electroneum.
Nevertheless, it is good not to expect too much or even get greedy knowing that it should take some time, unless you are lucky, to get good profit in the long run.
It's still can be profitable if there are still exist the trends in the charts.
The market is still volatile, but actually the market is becoming more volatile rather than the last few months, if you will trade always set a stoploss incase plans doesn't turn well.
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 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 in trading bitcoin and alt coin you just need to keep an eye on your investment and wait patiently to be able to earn a good profit.
Trading is not a easy process for earning money. In this time trading still profitable but you need proper knowledge about the basic rules of it. I think trading on altcoin is more profitable than bitcoin.
There is no secret that in the world of crypto currencies no one can not guess for sure what will happen tomorrow. But I believe that bitcoin and some leading altcoins are more liquid for investments. 
Bitcoin nature and it's community constantly creates series of events the usually lead to increase and decrease in price. This year, Bitcoin has risen to high price level it has never been before. Daily trading is profitable but monitoring information and positioning base on those information is more profitabe than just trading based on chart alone. ALGORY.IO is suitable for scaning Altcoin to know exactly the most profitable coin in short to medium term basis!
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 wasn't able to profit much but would like to hear how people are doing these days. Thanks a ton!
Actually, it still is, and I'm speaking based on experience. Just 2 weeks ago, I have traded my PKT into bitcoins and I have earned a lot from it. In addition, the value of bitcoin that time was so high. It was really a perfect timing. So, I cannot agree that is not profitable anymore since I have experienced it just recently.
Obviously yes! you can still make huge profit by just trading bitcoin and other altcoins. Just look at the bitcoin price few months ago and now, if you invested in bitcoin few months back then you have earned huge amount of profit.
yea why not, Trading is most profitable method while doing with crypto currencies like bitcoin and some altcoin also and i think mostly people are doing trading with coins now in the whole world and the rate of profit earning will be increased more in future also because some coins are going famous with a quick rate like bitcoin, ethurem etc.
Obviously yes! you can still make huge profit by just trading bitcoin and other altcoins. Just look at the bitcoin price few months ago and now, if you invested in bitcoin few months back then you have earned huge amount of profit.
Yes, buying and selling bitcoin and altcoins is still profitable more than ever i can say because in the recent weeks the cryptocurrency market is booming. Altcoins like Ripple, IOTA, QTUM, NEM, and other altcoins are getting a lot of serious investors.
Sure, the crypto market may be booming now, but that does not mean they may not have some bears as well doing there thing on the crypto market soon. However, there is a lot of profit to make, the market is huge and even as a long term holder or investor, you can choose the right coin, believe in it and know that you will always have it better in the long run and as a trader, you can imbibe the skills of trading and be making a lot from the volatility of the crypto market. 
Any way you look at it you will always make bigger profits if you trade against BTC only. Any coin going up against USD but going down against BTC equals BTC doing better against USD than that altcoin, then is best to not trade that altcoin & stick to trading/holding bitcoin.
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