Nothing wrong if you both trade with bitcoin and altcoins. As long as you have a good foundation in reading the charts and using some tools like technical analysis then I believe whichever coins you want to trade, there will be no problem at al.
And take note that bitcoin and alts has the same kind of volatility. The more significant goal is to acquire profits whether to trade bitcoin or go stick with some alts.
Topic: Still trading BTC even though actually trading Alts (Read 301 times)
Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?
I don't think that's a good strategy because there a lot of good altcoins that actually moves faster than Bitcoin, if you do trade with DOGE then compare it to BTC, you'll see a big difference. Having more options in trading is a must, you should not stick to one and this market offers a lot of opportunities for us, so make sure to grab it.
Perhaps, it is another chance to make some more profit. You will never know how much you can get in trading altcoins unless if you try it. Just think that trading with altcoins is another source of income and if you can manage the all properly and trade so well, the chances are you make double of your profit than before. In fact, most traders don't just focus on s single coin (Bitcoin) but they are also trading altcoins.
Everyone does have their own favorite coins for trading, please trade with coins that can give us profit. It doesn't matter whether you want to trade
Bitcoin or trade altcoins, or even trade both. Please make trades that we feel comfortable using it, because if we trade following other people's coins.
Then the possibility of us experiencing loss a very large, because we do not necessarily know the movement of coins that other people use.
This is not recommended and we have to make sure which coins we buy for ourselves.Bitcoin or trade altcoins, or even trade both. Please make trades that we feel comfortable using it, because if we trade following other people's coins.
Then the possibility of us experiencing loss a very large, because we do not necessarily know the movement of coins that other people use.
and before buying we also need to do analysis and research on coins,
it is to avoid so that we are not wrong in buying and for me it is important to do
The most important thing in trading is to be able to analyze and research properly, so that we don't choose the wrong coins for trading.
Therefore most people who do not have good analytical and research skills often choose the wrong coins, or it could be that the selected
coins are correct, but determine the wrong buying and selling prices. Crypto trading is not easy, it takes a long process to become successful
traders.
Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?
Your choice because as long you do make profits no matter neither you do engage with Btc or jump into alts then it doesnt matter.When it comes to correlation then its true that BTC and Alts arent that having that precise behavior or relation towards their prices as you mentioned about those different fundamental reasons.
Most of the time BTC would always be the main indication because when BTC is on bears then expect that alts will follow but there would always be a time
about market shift where alts are doing good while btc is still on sideways movement this is why being observant is really important.
Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?
Your choice because as long you do make profits no matter neither you do engage with Btc or jump into alts then it doesnt matter.When it comes to correlation then its true that BTC and Alts arent that having that precise behavior or relation towards their prices as you mentioned about those different fundamental reasons.
Most of the time BTC would always be the main indication because when BTC is on bears then expect that alts will follow but there would always be a time
about market shift where alts are doing good while btc is still on sideways movement this is why being observant is really important.
I also continue to trade BTC and part of the funds have also been shifted to trading altcoins. Because Bitcoin and other altcoins are equally profitable. However, the main focus is bitcoin trading, because the price of bitcoin will affect all altcoins as they are today.
for trading pairs I rarely use BTC pairs, I usually use the BTC / USDT Altcoin / USDT pair, because I accumulate my profits on USDT.
For altcoins, I chose trusted altcoins that are in the top 20 of CMC or altcoins that are hype.
for trading pairs I rarely use BTC pairs, I usually use the BTC / USDT Altcoin / USDT pair, because I accumulate my profits on USDT.
For altcoins, I chose trusted altcoins that are in the top 20 of CMC or altcoins that are hype.
Sometimes I use BTC/ETH, BTC/USDT trading pairs and ain't see bad for the result. I can never say also that everything went so smooth and in higher profit, as it always depends on the market price flow. So I can say that trading in altcoins while having Bitcoin as a major focus, it never has a problem as long as you can handle the pressure and time.
There is one thing I have to remind you OP, choose the best coin/s. Don't get fooled by cheap coins thinking that you can buy in bulk as you can never expect any returns from them.
There is one thing I have to remind you OP, choose the best coin/s. Don't get fooled by cheap coins thinking that you can buy in bulk as you can never expect any returns from them.
Some traders are not interested in making a profit in dollars, so they use trading to increase their balance in BTC. All transactions in this case are opened in pairs with bitcoin, and in this case, the trader does not care at what stage of the market we are locally, because globally we are waiting for the continuation of the bull run.
Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?
It's up to you then and to think which coin gives you a bigger profit, in fact, some traders will also say that they can make good gains trading altcoins compared to Bitcoin. I know it matters to the choice of a coin in trading but most important is the strategy that you use. If you are contented enough with what you get in Bitcoin, then you just stick to it unless if you need to find some option in altcoins to differentiate which one is more profiting.
Everyone does have their own favorite coins for trading, please trade with coins that can give us profit. It doesn't matter whether you want to trade
Bitcoin or trade altcoins, or even trade both. Please make trades that we feel comfortable using it, because if we trade following other people's coins.
Then the possibility of us experiencing loss a very large, because we do not necessarily know the movement of coins that other people use.
and before buying we also need to do analysis and research on coins,
it is to avoid so that we are not wrong in buying and for me it is important to do
Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?
It's up to you then and to think which coin gives you a bigger profit, in fact, some traders will also say that they can make good gains trading altcoins compared to Bitcoin. I know it matters to the choice of a coin in trading but most important is the strategy that you use. If you are contented enough with what you get in Bitcoin, then you just stick to it unless if you need to find some option in altcoins to differentiate which one is more profiting.
Everyone does have their own favorite coins for trading, please trade with coins that can give us profit. It doesn't matter whether you want to trade
Bitcoin or trade altcoins, or even trade both. Please make trades that we feel comfortable using it, because if we trade following other people's coins.
Then the possibility of us experiencing loss a very large, because we do not necessarily know the movement of coins that other people use.
It is the best choice to trade with Bitcoin for its potential and capability to grow which can make you earn profits from trading. On the other hand, there are also Altcoins that are profitable that is also good for investment and trading. It is not primarily needed to focus only on trading with Bitcoin for the cryptocurrency market is a vast one on which there are lots of opportunities possible to be unlocked through exploration and it is certainly good diversifying your funds on trading not just only on Bitcoin but with Altcoins as well. Just be sure to be picky on choosing which you will trade to somehow secure profit on the part of Altcoins.
It would honestly depend on your preference. I think there are a lot of things that you should consider when you are trading different pairs. So let's talk about BTC first.
The Pros are
Cons
It's not practically significant to trade many pairs, but it could even be more profitable, but it could be challenging. I think it's best to stick to what you are good at and the asset you believe in. Great if it's BTC.
The Pros are
- Profit with the significant movements
- Single pair would be great
- BTC is the OG coin and always will dominate the market
Cons
- Double Edged Sword - Big losses with the significant movements in the wrong direction
- Large movements since it is volatile with $100 up or down easily
It's not practically significant to trade many pairs, but it could even be more profitable, but it could be challenging. I think it's best to stick to what you are good at and the asset you believe in. Great if it's BTC.
Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?
It's up to you then and to think which coin gives you a bigger profit, in fact, some traders will also say that they can make good gains trading altcoins compared to Bitcoin. I know it matters to the choice of a coin in trading but most important is the strategy that you use. If you are contented enough with what you get in Bitcoin, then you just stick to it unless if you need to find some option in altcoins to differentiate which one is more profiting.
It should be wherever you are comfortably trading pairs with.
If you're better trading bitcoin and its pairs then do your thing and just keep doing what you've felt going to make you money.
It's also good for your mental health that you are comfortable with your trading pair since you don't have that much to worry since you can figure it out really easy and fast. But sometimes, some alts defy their masters and move at a different pace than what was expected so you have to watch out for that too.If you're better trading bitcoin and its pairs then do your thing and just keep doing what you've felt going to make you money.
Your mental health won't be affected much if you are comfortable with the trades that you do. Because you know what you do and there's less to no pressure at all when you're going to do it.
That's why if you're getting into that type of pair, you're very confident that you can do it with ease.
Or just hodl them instead.
Market is too volatile right now actually. Many alts tend to dump when BTCs tend to do also.
I would just stick to BTC if I were you, OP.
Market is too volatile right now actually. Many alts tend to dump when BTCs tend to do also.
I would just stick to BTC if I were you, OP.
Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?
To successfully trade cryptocurrency, you definitely need to have both skills and information about the market and the events that take place in this industry. But how to choose the right way to trade BTC or altcoins? I believe that it is better to trade what can bring profit and what has the greatest potential for growth. Now I believe that it is possible to trade both BTC and altcoins since we are in a growing market. The prices of these cryptocurrencies very often have a lot of volatility, which contributes to making money on trading.
Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?
Movements of alts are correlated with the BTC but not all the coins, so you can choose to trade what coin you actually made analysis out of to get better results. And trading BTC against a stable coin is also a good choice so it all depends on the users preferences. Sometimes people choose to trade the hyped coin in the long term which also can bring good profits to the traders.Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?
Movements of alts are correlated with the BTC but not all the coins, so you can choose to trade what coin you actually made analysis out of to get better results. And trading BTC against a stable coin is also a good choice so it all depends on the users preferences. Sometimes people choose to trade the hyped coin in the long term which also can bring good profits to the traders. Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?
You should be accumulating Bitcoin now and the best way to raise funds for that is by trading alts. Some strong projects are already giving two digits returns of investment in 24hrs. You can seize this opportunity and put your skills in trading to good use and get some fiats to convert to or buy Bitcoin.
In times like you should stay off shitcoin and over hyped projects (those ones constantly in the news not for their blockchain utility, just merely news that shouldn't be such a big deal but because of the current hype of the project, they make the news.
this is why it's still good to become a bounty hunter for altcoins because sometimes the value of the altcoins they get is more than what they expect in BTC. some are just doing airdrop hoping it could have value.
but if you don't risk yourself to bounty scams, trading BTC/USDT is the option to go. it's always going to be profitable but it's a good way to learn more thru the mistakes done.
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