Topic: Is trading Bitcoin and other alts still profitable? - page 21. (Read 4788 times)
trading bitcoin will give you profit for bow, but if you want to trade altcoin, better dont do that because the price are getting lower mostly. it's good time to hold bitcoin for huge profit then, but depend your willing, if you want to trade it, just do it.
I'm not sure. Because it depends on your skill. As you can see, Altcoins price still go up every day. If you can't get profit from them, that is your fault.
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!
Definitly yes! trading bitcoins and altcoins now is still profitable especially if you found out that there is a potential altcoins that capable to pump in trading in market exchange.bitcoins is in demand now in terms of an investment and mining process.
You have a point dude! Trading bitcoin and other altcoin will give you a profit but ofcourse you need to analyze, research, review the altcoin you will buy. Dont trade to any shitcoin its better to choose a coin with a high market volume everyday because it have a high chance to pump up in the market.
Trading is risky but it can less if you have a good strategy.
Trading is still always profitable, but now by holding bitcoin we can earn profit more than trading and the risk is much lower. Now trading more harder than before because the markets are moving so much. A lot of altcoin price goes down, this will make the trader will hold their coin until the price will get back to their previous price if they don't want lose their funds.
All of crypto currency are profitable if you buy it in the lowest price just hold and wait to increase that the best way to earn money but just remember that it is not 100% you can earn in trading .. There is also a risky in trading especially if you dont make some research or buy shitcoins like what happen to me I buy Moon coin the price that I bought is 9 then the current price is 1 .. I loss my money ( $200) in trading because of veing hype and lack of knowledge
The problem is that people see a coin going up and they think this is going to keep up sometimes it happens and you earn money but sometimes it does not and you lose money as a result, the most important thing is to buy a coin when it is cheap, not when it is expensive, that way when it finally goes up you will be in profit almost immediately.
Alts have extremely high risk vs reward. Only a few get lucky and when they do are they even disciplined enough to convert it into BTC and hold it long term?
In a thread i created, i used an example of an altcoin.
I said i would like to buy lisk at 5 dollars and buy 1000 lisk so 5000 dollars. let say lisk is 0.0007 btc at that moment. I buy it on bittrex. Then when i notice lisk hits 6 dollars, i plan to sell it. Thus make 20 percent profit on the 5k so 1000 profit less trading fees. However let say btc went up around then. So when i get my btc... i only get 0.0065 btc per lisk.
Someone tells me that here... i actually lost money. Is this true or not? I understand how i get less btc than i invested as invested 0.0007 btc X 1000 shares etc.... and get only 0.00065 btc x 1000 shares etc... assuming btc price went up. So here... even though i lose btc... i still make profit right because the btc price is higher? Someone said you are not suppose to look at the usd rate... you look at the price of the altcoin in terms of btc. If that is true, and btc goes up, then how are you suppose make money on altcoin if it goes up not a lot then? I thought if you buy an altcoin at 1 dollar and it doubles to 2 doubles, you double your money right? But if bitcoin actually triples up from that moment you bought the altcoin... to the moment you sold your altcoin for btc... you are down money? Can someone explain this?
Do not get confused the most important question you need to ask yourself is, what currency you are using to buy your coins? If you bought using dollars then you care about the dollars when you sell, but if you buy with bitcoin, as is the most common scenario, then you need to look at bitcoin, so if you buy for 0.0007 BTC and sell for 0.00065 BTC you lost bitcoin even if you earned some fiat.I said i would like to buy lisk at 5 dollars and buy 1000 lisk so 5000 dollars. let say lisk is 0.0007 btc at that moment. I buy it on bittrex. Then when i notice lisk hits 6 dollars, i plan to sell it. Thus make 20 percent profit on the 5k so 1000 profit less trading fees. However let say btc went up around then. So when i get my btc... i only get 0.0065 btc per lisk.
Someone tells me that here... i actually lost money. Is this true or not? I understand how i get less btc than i invested as invested 0.0007 btc X 1000 shares etc.... and get only 0.00065 btc x 1000 shares etc... assuming btc price went up. So here... even though i lose btc... i still make profit right because the btc price is higher? Someone said you are not suppose to look at the usd rate... you look at the price of the altcoin in terms of btc. If that is true, and btc goes up, then how are you suppose make money on altcoin if it goes up not a lot then? I thought if you buy an altcoin at 1 dollar and it doubles to 2 doubles, you double your money right? But if bitcoin actually triples up from that moment you bought the altcoin... to the moment you sold your altcoin for btc... you are down money? Can someone explain this?
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!
Trading is always going to be profitable however the conditions of the market changes and you will need to adapt to it, right now the market is very difficult you are going to be better off if you just hold your bitcoins, I think it is a better idea to wait for the market to calm down a little before you begin trading especially since you indicate that you only obtained some small profits in the past.I wasn't able to profit much but would like to hear how people are doing these days. Thanks a ton!
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!
Trading Bitcoin and altcoins are all profitable only if you have a good knowledge of trading. People are making cool money from Bitcoin and crypto currency trading including my humble self. The only thing you need to be successful in trading crypto currency is good knowledge of how it work though i don't believe trading is meant for every body so and discover the area that you have comparative advantage on and utilize it.I wasn't able to profit much but would like to hear how people are doing these days. Thanks a ton!
I do think that trading crypto currencies is for all people, it just happened that some have better trading skills and all of us have different understandings. You see, many people around me are also into bitcoin and I have noticed that we might be earning and trading bitcoin at the same time but will differently managed our savings. Someone will have the chance of saving all of his earnings while some will always choose to sell and trade even at low prices because of needs. I guess the needs really affects the choice of a person when it comes to 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!
Trading Bitcoin and altcoins are all profitable only if you have a good knowledge of trading. People are making cool money from Bitcoin and crypto currency trading including my humble self. The only thing you need to be successful in trading crypto currency is good knowledge of how it work though i don't believe trading is meant for every body so and discover the area that you have comparative advantage on and utilize it. I wasn't able to profit much but would like to hear how people are doing these days. Thanks a ton!
it is quite difficult to get a profit from the trade today, let alone the increasing price of the day, the trade is still very profitable for big traders, but now that only a small capital I think it is very difficult to make a profit, I think better saving and waiting is the most appropriate thing for now, and waiting for its price is slightly cheaper to be able to buy it and hold it, until its price goes back up
In a thread i created, i used an example of an altcoin.
I said i would like to buy lisk at 5 dollars and buy 1000 lisk so 5000 dollars. let say lisk is 0.0007 btc at that moment. I buy it on bittrex. Then when i notice lisk hits 6 dollars, i plan to sell it. Thus make 20 percent profit on the 5k so 1000 profit less trading fees. However let say btc went up around then. So when i get my btc... i only get 0.0065 btc per lisk.
Someone tells me that here... i actually lost money. Is this true or not? I understand how i get less btc than i invested as invested 0.0007 btc X 1000 shares etc.... and get only 0.00065 btc x 1000 shares etc... assuming btc price went up. So here... even though i lose btc... i still make profit right because the btc price is higher? Someone said you are not suppose to look at the usd rate... you look at the price of the altcoin in terms of btc. If that is true, and btc goes up, then how are you suppose make money on altcoin if it goes up not a lot then? I thought if you buy an altcoin at 1 dollar and it doubles to 2 doubles, you double your money right? But if bitcoin actually triples up from that moment you bought the altcoin... to the moment you sold your altcoin for btc... you are down money? Can someone explain this?
Do not get confused the most important question you need to ask yourself is, what currency you are using to buy your coins? If you bought using dollars then you care about the dollars when you sell, but if you buy with bitcoin, as is the most common scenario, then you need to look at bitcoin, so if you buy for 0.0007 BTC and sell for 0.00065 BTC you lost bitcoin even if you earned some fiat.I said i would like to buy lisk at 5 dollars and buy 1000 lisk so 5000 dollars. let say lisk is 0.0007 btc at that moment. I buy it on bittrex. Then when i notice lisk hits 6 dollars, i plan to sell it. Thus make 20 percent profit on the 5k so 1000 profit less trading fees. However let say btc went up around then. So when i get my btc... i only get 0.0065 btc per lisk.
Someone tells me that here... i actually lost money. Is this true or not? I understand how i get less btc than i invested as invested 0.0007 btc X 1000 shares etc.... and get only 0.00065 btc x 1000 shares etc... assuming btc price went up. So here... even though i lose btc... i still make profit right because the btc price is higher? Someone said you are not suppose to look at the usd rate... you look at the price of the altcoin in terms of btc. If that is true, and btc goes up, then how are you suppose make money on altcoin if it goes up not a lot then? I thought if you buy an altcoin at 1 dollar and it doubles to 2 doubles, you double your money right? But if bitcoin actually triples up from that moment you bought the altcoin... to the moment you sold your altcoin for btc... you are down money? Can someone explain this?
There is always the right coin to pick. Why do you think people are more interested to those tokens on top with huge marketcap?
So long as you have the money to trade, you can always pick the best ones because at least in the long run they all are going to be profitable when you just keep them.
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!
as what majority says trading now a days is getting harder and harderI wasn't able to profit much but would like to hear how people are doing these days. Thanks a ton!
Daytrading can only give you a minimal chance of profit while the chance of losing
Is much more,and what i can suggest is not different from them that if you want
To earn make it in long term flr your funds to stay safer and have a chance of big
Profit
maybe to join with another trader to buy and hold some coin in this time is not a good time, because right now the price of the coin are at the top, i don't know what happen in the next moment, but if we buy at this time it more risky. maybe we can wait it until the price is down
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!
Definitly yes! trading bitcoins and altcoins now is still profitable especially if you found out that there is a potential altcoins that capable to pump in trading in market exchange.bitcoins is in demand now in terms of an investment and mining process.
There might be some little changes of how trading of then is to now. Trading of now is focusing on a long term holding for a bigger profit margin, and altcoins are like down dew to the heavy rise in the price of bitcoin.
All of crypto currency are profitable if you buy it in the lowest price just hold and wait to increase that the best way to earn money but just remember that it is not 100% you can earn in trading .. There is also a risky in trading especially if you dont make some research or buy shitcoins like what happen to me I buy Moon coin the price that I bought is 9 then the current price is 1 .. I loss my money ( $200) in trading because of veing hype and lack of knowledge
Mostlikely YES.
I just dont care.
Buy more Bitcoin. Buy the King
I just dont care.
Buy more Bitcoin. Buy the King
In a thread i created, i used an example of an altcoin.
I said i would like to buy lisk at 5 dollars and buy 1000 lisk so 5000 dollars. let say lisk is 0.0007 btc at that moment. I buy it on bittrex. Then when i notice lisk hits 6 dollars, i plan to sell it. Thus make 20 percent profit on the 5k so 1000 profit less trading fees. However let say btc went up around then. So when i get my btc... i only get 0.0065 btc per lisk.
Someone tells me that here... i actually lost money. Is this true or not? I understand how i get less btc than i invested as invested 0.0007 btc X 1000 shares etc.... and get only 0.00065 btc x 1000 shares etc... assuming btc price went up. So here... even though i lose btc... i still make profit right because the btc price is higher? Someone said you are not suppose to look at the usd rate... you look at the price of the altcoin in terms of btc. If that is true, and btc goes up, then how are you suppose make money on altcoin if it goes up not a lot then? I thought if you buy an altcoin at 1 dollar and it doubles to 2 doubles, you double your money right? But if bitcoin actually triples up from that moment you bought the altcoin... to the moment you sold your altcoin for btc... you are down money? Can someone explain this?
Do not get confused the most important question you need to ask yourself is, what currency you are using to buy your coins? If you bought using dollars then you care about the dollars when you sell, but if you buy with bitcoin, as is the most common scenario, then you need to look at bitcoin, so if you buy for 0.0007 BTC and sell for 0.00065 BTC you lost bitcoin even if you earned some fiat.I said i would like to buy lisk at 5 dollars and buy 1000 lisk so 5000 dollars. let say lisk is 0.0007 btc at that moment. I buy it on bittrex. Then when i notice lisk hits 6 dollars, i plan to sell it. Thus make 20 percent profit on the 5k so 1000 profit less trading fees. However let say btc went up around then. So when i get my btc... i only get 0.0065 btc per lisk.
Someone tells me that here... i actually lost money. Is this true or not? I understand how i get less btc than i invested as invested 0.0007 btc X 1000 shares etc.... and get only 0.00065 btc x 1000 shares etc... assuming btc price went up. So here... even though i lose btc... i still make profit right because the btc price is higher? Someone said you are not suppose to look at the usd rate... you look at the price of the altcoin in terms of btc. If that is true, and btc goes up, then how are you suppose make money on altcoin if it goes up not a lot then? I thought if you buy an altcoin at 1 dollar and it doubles to 2 doubles, you double your money right? But if bitcoin actually triples up from that moment you bought the altcoin... to the moment you sold your altcoin for btc... you are down money? Can someone explain this?
There is always the right coin to pick. Why do you think people are more interested to those tokens on top with huge marketcap?
So long as you have the money to trade, you can always pick the best ones because at least in the long run they all are going to be profitable when you just keep them.
In a thread i created, i used an example of an altcoin.
I said i would like to buy lisk at 5 dollars and buy 1000 lisk so 5000 dollars. let say lisk is 0.0007 btc at that moment. I buy it on bittrex. Then when i notice lisk hits 6 dollars, i plan to sell it. Thus make 20 percent profit on the 5k so 1000 profit less trading fees. However let say btc went up around then. So when i get my btc... i only get 0.0065 btc per lisk.
Someone tells me that here... i actually lost money. Is this true or not? I understand how i get less btc than i invested as invested 0.0007 btc X 1000 shares etc.... and get only 0.00065 btc x 1000 shares etc... assuming btc price went up. So here... even though i lose btc... i still make profit right because the btc price is higher? Someone said you are not suppose to look at the usd rate... you look at the price of the altcoin in terms of btc. If that is true, and btc goes up, then how are you suppose make money on altcoin if it goes up not a lot then? I thought if you buy an altcoin at 1 dollar and it doubles to 2 doubles, you double your money right? But if bitcoin actually triples up from that moment you bought the altcoin... to the moment you sold your altcoin for btc... you are down money? Can someone explain this?
Do not get confused the most important question you need to ask yourself is, what currency you are using to buy your coins? If you bought using dollars then you care about the dollars when you sell, but if you buy with bitcoin, as is the most common scenario, then you need to look at bitcoin, so if you buy for 0.0007 BTC and sell for 0.00065 BTC you lost bitcoin even if you earned some fiat.I said i would like to buy lisk at 5 dollars and buy 1000 lisk so 5000 dollars. let say lisk is 0.0007 btc at that moment. I buy it on bittrex. Then when i notice lisk hits 6 dollars, i plan to sell it. Thus make 20 percent profit on the 5k so 1000 profit less trading fees. However let say btc went up around then. So when i get my btc... i only get 0.0065 btc per lisk.
Someone tells me that here... i actually lost money. Is this true or not? I understand how i get less btc than i invested as invested 0.0007 btc X 1000 shares etc.... and get only 0.00065 btc x 1000 shares etc... assuming btc price went up. So here... even though i lose btc... i still make profit right because the btc price is higher? Someone said you are not suppose to look at the usd rate... you look at the price of the altcoin in terms of btc. If that is true, and btc goes up, then how are you suppose make money on altcoin if it goes up not a lot then? I thought if you buy an altcoin at 1 dollar and it doubles to 2 doubles, you double your money right? But if bitcoin actually triples up from that moment you bought the altcoin... to the moment you sold your altcoin for btc... you are down money? Can someone explain this?
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