Topic: Is trading Bitcoin and other alts still profitable? - page 26. (Read 4802 times)
I am not an expert nor a trader but upon reading discussions in this section, I think it is best not to risk your money in trading if you are not well-experienced. According to the comments, trading would provide an individual the profit he desires if and only if he really knows what he is doing. Therefore, we can say that trading is profitable for some and not for all. It is limited to those who have enough knowledge and strategy and is not open to all kinds of people in the cryptoworld. Unlike joining signature campaigns and investing which is open to all, a lot easier to understand and profit can be easily acquired. Hopefully, I will learn trading too by researching and readind threads here.
I started to do a bit of alt coin trading just as they reached their peak. I put in 0.1 btc, make a couple of quick profits but now its only worth 0.01 btc. The value of alt coins is dropping in relation to btc. Or should that be btc is going up in value, making the alt coins worth less on a coin/btc exchange. All the while btc goes up, it will be bad for trading.
The only sales I have made recently have been random spikes in a coins value that triggered a sell and then went back to normal. I now think of these as long term investments with sell prices 1.5 times what i paid for them. Just as my doge tripled in value over 3 years, so will these (hopefully).
The only sales I have made recently have been random spikes in a coins value that triggered a sell and then went back to normal. I now think of these as long term investments with sell prices 1.5 times what i paid for them. Just as my doge tripled in value over 3 years, so will these (hopefully).
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!
Trading is more much thrilling today than year ago since aside from the continous rise of Bitcoin, there are lots airdrop coins recently that can do crazy pump resulting for more bitcoin in return when being traded. Since bitcoin price was experiencing a crazy pump, even BTC0.01 earnings from those airdrop coins can seen as decent one. The volume even for small exchanges blooms which is a good sign that big pump can also happened even on small exchanges.
But because of that, there are lots of new airdrop that is scam and totally a shit. So joined at your own risks.
With this continous price rise of bitcoin, holding it is a wise move for an average bitcoiner.
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 think we are not on the same boat. It is profitable yes but it depends on the crypto currecncy being traded. I am waiting for the bitcoin price to dump a little before I started to sell some of my tokens I have invested. I just hope that will happen this upcoming fork.
nothing doubt of that idea's trading bitcoin and altcoins are profitable but depend in your strategy and skills how your investment makes profitable, but ihink hoding of bitcoin for now are profitable the price of bitcoin continue increasing maybe before fork the bitcoin price reach the price at 7000usd hope so.
When I look at the market is not about trading that makes the fastest profitability but by HODLing bitcoin. We have seen it this past few days a high jump from 6000$ and now to 7300$ per bitcoin. If you have bitcoin in this time of the day you have more than the profit of a month in trading that’s for sure. But I don’t have no ideas with alts now as it not going pretty well, I think.
Holding is much more profitable now than trading altcoins. I have been trading alts for the last 3-4 weeks and just today I reonounced to keep on trading as it is impossible to make a profit with such a Bitcoin raise rate.
I should have stopped long before.
I should have stopped long before.
Thats true, as a matter of fact i just rcently bought altcoins, but i think my decision is wrong because bitcoin is rising that affects my altcoin so much. If I only knew then that bitcoin will consistently increases its value i should have not buy altcoins instead hold my btc.
Holding is much more profitable now than trading altcoins. I have been trading alts for the last 3-4 weeks and just today I reonounced to keep on trading as it is impossible to make a profit with such a Bitcoin raise rate.
I should have stopped long before.
I should have stopped long before.
Alts can be still great but now i think not a good idea because of BTC going up and wants to reach 10k by the end of this month. so maybe after the btc fork.
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!
This is the best opportunity to buy some cheaper altcoins mate. Altcoin market is bleeding. Most of the altcoins are dropping drastically as traders are going to Bitcoin for it's upcoming event which is the hardfork. I already bought some altcoins in the market hoping to get profits from that in the future. But i admit that trading altcoin right now is very hard. Compare to the first half of this year. Almost all altcoins are being pumped and im able to get huge profit from trading altcoin. But right now, most of my trades are failed and i lose huge amount. I still keep my altcoins anyway.
Trading was a lot more profitable back then but since all the fork and ICO bans are on trend the trading of coins has gone way down.
People fear to invest in Altcoins these days since their prices are in down trend these days. Altcoins have been going down since many months but the China ban have boosted it's down trend followed by the forks. Altcoins trading is not at all profitable these days whereas Bitcoin trading is as good as it was. Bitcoin is reaching new heights everyday and is giving good profits since the price is keeping on increasing daily.
People fear to invest in Altcoins these days since their prices are in down trend these days. Altcoins have been going down since many months but the China ban have boosted it's down trend followed by the forks. Altcoins trading is not at all profitable these days whereas Bitcoin trading is as good as it was. Bitcoin is reaching new heights everyday and is giving good profits since the price is keeping on increasing daily.
If any market has volatility then it is profitable to trade in, the difficulty comes from being able to accurately predict that volatility. I feel the market now is probably a little harder to predict than a few years ago but it is certainly still much easier to make big gains trading crypto than pretty much everything else.
When we speak about bitcoin, it is more profitable to hold them rather trade. As you could see, the market price continue to surge up faster than ever before due to the upcoming fork. There will be times that the market price become constant and a little bit of ups and downs but due to bitcoin increase of popularity and more demand then expect that another massive price increase will come.
As per altcoins, the more popular ones such as ETH and LTC are good for weekly and monthly trading (this is only my opinion guys). If you have a lot of investment then day trading the coins mentioned will not hurt your profit.
For me, lesser known coins that already trading in popular sites such as Polo are best for weekly or monthly trading as the transaction activity is still low and an increase will only be expected if there is another implementiom or improvement of that "coin". You could also go into day trading, only "if" the market is active and with huge number of transactions per hour or day.
As per altcoins, the more popular ones such as ETH and LTC are good for weekly and monthly trading (this is only my opinion guys). If you have a lot of investment then day trading the coins mentioned will not hurt your profit.
For me, lesser known coins that already trading in popular sites such as Polo are best for weekly or monthly trading as the transaction activity is still low and an increase will only be expected if there is another implementiom or improvement of that "coin". You could also go into day trading, only "if" the market is active and with huge number of transactions per hour or day.
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
Trading with Bitcoin is definitely profitable at the moment, it's so volatile that you could definitely make some big profits if you're day trading.
The altcoin market is a bit worse of, profits are still to be made there, but it's more difficult to pick out altcoins which are going to be doing well.
I'm not sure though how long it's going to take for Bitcoin to experience a serious drop, I'm interested in seeing what will happen after the fork.
I'm already prepared to temporarily sell some if the price drops significantly.
The altcoin market is a bit worse of, profits are still to be made there, but it's more difficult to pick out altcoins which are going to be doing well.
I'm not sure though how long it's going to take for Bitcoin to experience a serious drop, I'm interested in seeing what will happen after the fork.
I'm already prepared to temporarily sell some if the price drops significantly.
At this phase? I'd say that holding is a lot more profitable then trading and It's probably safer but If you decide to trade then do it for the long term and with coins with a good roadmap, getting involved in some pump and dump useless coins will only make you lose eventually.
I think it all depends on the person himself. If he is good at trading and he actually thinks that he can do well in the world of trading, then there is nothing bad in doing trading. In fact, trading is the best thing to do but only when you are having a very good grip on each and everything. Otherwise, there is no point of taking such kind of risk and you should go for playing a safe game instead. 
Trading is still going on well, but holding of your coins now for a longer term is of more profit than trading immediately there is a pump or a dump, cause every trader now is looking for a higher profit with the lowest risk.
Right, I have also noticed that. The price of the coins is continuously increasing especially bitcoin and holding seems more profitable. When it comes to altcoins the price are low after the bounty distribution, holding or setting order in a profitable price is much smarter. Most of my bitcoins comes from trading and because of the fork the value of bitcoin continue to increase.
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.
Trading is still going on well, but holding of your coins now for a longer term is of more profit than trading immediately there is a pump or a dump, cause every trader now is looking for a higher profit with the lowest risk.
Yes it is, volatility of Alts and Bitcoins are still and always be there , therefore it's still profitable but at the same time its still risky. As of now alts is still in dip ( which is an obviously open opportunity to some to buy it when the price is still low) but recovering of alts is still unknown when it will happen or will it happen? And that's the risk.
As of now i still hold WAVES, the price of WAVES is still low which has a large margin between the current price from the price i bought it that's why i am not currently active on trading it. I'm still waiting even if it will take a long time, i'm still hoping that it will recover.
As of now i still hold WAVES, the price of WAVES is still low which has a large margin between the current price from the price i bought it that's why i am not currently active on trading it. I'm still waiting even if it will take a long time, i'm still hoping that it will recover.
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