It's absolutely profitable. I started with about 800€ by the end of june and now have coins with an estimated value of 3500€.
The value in fiat is irrelevant, how much bitcoin did you have at the start and how much bitcoin you have now, that is the only thing that matters, just look at Ethereum many people just look at the price in fiat and see ethereum at more than 300 dollars and think everything is ok but if you look at the price in bitcoin you are going to see Ethereum has been crashing for some time.
Topic: Is trading Bitcoin and other alts still profitable? - page 24. (Read 4802 times)
It's absolutely profitable. I started with about 800€ by the end of june and now have coins with an estimated value of 3500€.
The value in fiat is irrelevant, how much bitcoin did you have at the start and how much bitcoin you have now, that is the only thing that matters, just look at Ethereum many people just look at the price in fiat and see ethereum at more than 300 dollars and think everything is ok but if you look at the price in bitcoin you are going to see Ethereum has been crashing for some time. 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!
The trade still profitable among altcoin and the bitcoin itself. But the important thing you must know about a lot of people is holding their bitcoin rather than use it to trade on the exchange site. I wasn't able to profit much but would like to hear how people are doing these days. Thanks a ton!
The hardfork becomes a trend to the bitcoin holders which gives an ability to the holders to receive their own free money from the fork coin.
You must know about the fact that people are moving to the bitcoin and then after the hardfork will end and they will be moving towards altcoin again.
My guess if we are seeing altcoin right now and that will be not a good thing to hold long term. But this was not applying for some good altcoins with active development on the product and platform.
To hold bitcoin will be more preferrable.
There is quite a lot of volatility in the market at the moment and will be continuing on the lead up and after the 2x fork so i would imagine trading now is quite good with profits to be made
I really foresee the bullish trend even stepping up the more after the fork.The best way now is may be to chill out and watch the situation of things and whenever it seems there could be some corrections, then sell, and buy when it corrects. All the above, at this stage, anything we predict usually just end up being changed by any factor and holding for now just seems to be the best method.
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!
In current days, trading both of them altogether is a losing deal because when Bitcoin falls, altcoins start to rise.
As S2X is out of the game currently (or could be said as postponed at least), I think there is a vast possibility of Bitcoin falling a bit and altcoins already started to boom when the news came. It's currently the best time to choose altcoins that are not touched yet by the pumpers because they will soon be picked and you will ride the savory road that's on the way. This looks like a "limited period offer", so hurry and start trading them "till stocks last*".
Def better to hold good coins right now or buy dips for the coins that have news coming out so you can hopefully sell before the "news" actually comes out for a decent profit, thats been a bit tougher latly
Trading bitcoin and other altcoins are still profitable. Actually cryptocurrency is the future of digital world in that bitcoin is the emperor and other altcoin following it. Bitcoin is performing very well and the track record of bitcoin rate proves that it will give good return in future and other altcoins follow bitcoin so trading bitcoin and other altcoins are profitable only.
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!
If you were not able to profit much back then, what makes you think you will profit much this time around.I wasn't able to profit much but would like to hear how people are doing these days. Thanks a ton!
It is possible there seems to be something you were not doing right back then that if you do right this time, you can make some profit.
However, at this stage in bitcoin's life, it seems to me that holding bitcoin seems to be much more profitable than trying to trade now until probably the coast gets clear anyway.
Trading Bitcoin is not profitable unless you have extreme patience and large capital to invest. If you can wait you just have to buy the dips that occur yearly and profit from the highs that also occur yearly. More than the lows as you can tell by the price;). 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?
Established alts are not as risky as you make them out to be, yes the risk is greater than the risk you incur if you invest only in bitcoin, but coins like ethereum or litecoin are not going to disappear or are going to be dumped since those coins have a high market cap already, you only need to choose some decent alts and you are going to be fine, now investing in icos and in coins with a very low market cap that can be very risky. It's absolutely profitable. I started with about 800€ by the end of june and now have coins with an estimated value of 3500€.
You've made good progress in these few months, congratulations on that. Trading is profitable and there is no question about profitability of trading, economy is based on trading with everything. Which coins you hold now I'm interested to know?This couple months of sudden rise of bitcoin left many altcoins at the same point, just some of them managed to stay stable. With bitcoins this couple months was much better, fluctuations were so big and couple times bitcoin managed to fall and rise in hundred of dollars for just one night, who was brave to risk big amounts earned good money on this. Trading will be profitable in future too, that game will never stop!
1) Trading only in Tether pair at low % gains - takes a lot of time but is a steady income. I traded almost every tether pair on poloniex and bittrex, preferebly LTC, XLM and BTC.
2) Being "lucky" with buying VTC at 1$. Still Holding 80 of them for long-term, i expect it to be the next ETH (in marketcap
)From the profits i bought only Stellar Lumens and SHIFT for long-term holdings. I am very cautious when investing for a longer time.
btc is too way high now so if you don't have that huge amount to invest, think again. I suggest you invest with altcoins which are bearish now, these may rise in 2 to 3 months or even after the fork. Look for the altcoins which have a good project and with market support, it can be lucrative if you do your homework right. Do due diligence and I suggest you check your data on coingecko.
It's absolutely profitable. I started with about 800€ by the end of june and now have coins with an estimated value of 3500€.
You've made good progress in these few months, congratulations on that. Trading is profitable and there is no question about profitability of trading, economy is based on trading with everything. Which coins you hold now I'm interested to know?This couple months of sudden rise of bitcoin left many altcoins at the same point, just some of them managed to stay stable. With bitcoins this couple months was much better, fluctuations were so big and couple times bitcoin managed to fall and rise in hundred of dollars for just one night, who was brave to risk big amounts earned good money on this. Trading will be profitable in future too, that game will never stop!
Of course, it is possible to make a profit, as you determine what altcoin you can achieve.
Trading in Bitcoin is very profitable. I can not say the same for altcoin at the moment. Bitcoin has surpasedall my speculations and more. If you know what you arre doing especially during controvesial fork period, you may be netting 40-60% on regular basis!
It's absolutely profitable. I started with about 800€ by the end of june and now have coins with an estimated value of 3500€.
Day trading can definitely still be profitable for those with a good amount of capital and experience with the volatile crypto market.
While I currently prefer to HODL everything, trading will always be profitable for certain individuals with the experience and know-how during volatile days with good entries and an ability to remove emotions from the equation and take profits regularly.
While I currently prefer to HODL everything, trading will always be profitable for certain individuals with the experience and know-how during volatile days with good entries and an ability to remove emotions from the equation and take profits regularly.
Right before bitcoin cash fork, i came across over a similar thread, i got encouraged by the posts of different members.
Immediately i bought 1 btc without thinking further. I am thankful to those who adviced me at right time, my btc is now nearly 1.6 Btc.
I am still holding it and i hope you will aslo be benefited if you buy and hold now.
Immediately i bought 1 btc without thinking further. I am thankful to those who adviced me at right time, my btc is now nearly 1.6 Btc.
I am still holding it and i hope you will aslo be benefited if you buy and hold now.
That's really awesome bro,now i am also planning to some buy bitcoins and hold it for long term so i think i can enjoy my future without worries.I am totally new to the crypto world i planned for all the three ways to earn more btc like trading,mining and holding but now i think that holding the bitcoin will give more profit than others.
for the current price of btc for about 7300 USD and with upward trend of price movement i think it is not good to go into trading to gain profit but instead holding it for at least 1 month is a sure profit. even with the upcoming segwit2x this 25th of November, bitcoin price is unstoppable. then why not try to trade with some other altcoins, it is a good opportunity to buy altcoins now, most altcoins are bearish this week and soon be become bullish in 3 weeks or so.
When there is an upcoming fork most of all altcoins are dumping so this is the right time to buy and hold it for atleast 3 months for sure that would be a nice profit. 
Right before bitcoin cash fork, i came across over a similar thread, i got encouraged by the posts of different members.
Immediately i bought 1 btc without thinking further. I am thankful to those who adviced me at right time, my btc is now nearly 1.6 Btc.
I am still holding it and i hope you will aslo be benefited if you buy and hold now.
Immediately i bought 1 btc without thinking further. I am thankful to those who adviced me at right time, my btc is now nearly 1.6 Btc.
I am still holding it and i hope you will aslo be benefited if you buy and hold now.
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!
Bitcoin is more profitable now, you can also invest in alcoins because altcoins are down now but you need to have an extra capital and patience as well when you do it because we never know until when altcoins are down.
Both market are really profitable but since atlcoins are down right now for me it is better to invest on those good altcoins and hold for good because this will surely soar higher in the coming years together with bitcoin. Because this technology will surely use by everybody in the future, so be more patient.
Jump to: