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.
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.
It's better to avoid alts trading into both btc and usdt pair if there is any possibility of bearish movement according to TA as well as FA. But it's great to continue the BTC trading into correction time for short period of time because alts will try to adjust the price in terms of satoshi which might be a result of lossing btc from portfolio. But correction market gives us great opportunity to buy our favourite or potential alts along with bitcoin more at cheap price for long term purpose as bull run isn't over yet. So, it's upto everyone to do according to TA and FA. 
I beg to disagreed to avoid trading in the altcoins, because majority of the alts actually now whether it is shit or not can able to give
profit, just a real talk only. In fact, I traded alts for a couple of years now and so far so good alts into USDT pair, and from that period of time
doing alts trading was certainly helped a lot in so many ways.
On this situation i think btc will be not a good idea to pair in trading because its not safe due to the volatility, what i mean if you can make profits through alts and then sell it to BTC and suddenly bitcoin fluctuate surely your profits will disappear without knowing.. So pair it for now to usdt since it's the most safe place to keep your profits and to avoid some fluctuation. Indeed market still not good at this time.. So be smart to assure all your efforts is worth it while trading..
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. But as a daily trader and you see that you're not that effective anymore with bitcoin trading.
Then, that's the signal that you should look for other pairs alts to alts and test if you'll become lucrative on it.
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. But as a daily trader and you see that you're not that effective anymore with bitcoin trading.
Then, that's the signal that you should look for other pairs alts to alts and test if you'll become lucrative on it.
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 is always better to trade with BTC, what I have learned is that to trade with alts it is best to do it Alt / USD, because if BTC enters a downtrend obviously the chart will become a bloodbath, on the other hand what I I really recommend is that when BTC enters the uptrend, it is best to trade with Alt / BTC, because the graph will always go up, it is very difficult for it to fall in price, this is only when the uptrend of BTC is confirmed.
There are many traders who use the ALT / BTC pair, but most of them fail, especially when BTC falls, this is simple, it is a division that does not make sense because it will go down. I think for now it is better to trade BTC / USD or BTC with any currency.
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?
Many traders don't just focus on BTC, they have also got through to altcoins. Perhaps, we can see that there is a good profit in altcoins however, it is riskier than BTC but above all, it is a matter of our trading strategy and a choice of coin. Because either it was Bitcoin or altcoins if we are not good at trading the same results we've got at the end of the day. For me, I'm taking both Bitcoin and altcoins, sometime I lose and sometimes I win. But I understand this situation as this was real-life in trading, nothing to complain about.
somehow I don't like Bitcoin trading, what I only like is trading altcoins,
yes I only store Bitcoin for the long term, not for day trading, because Bitcoin requires large capital to get maximum profit,
yes even though there is futures trading I am still comfortable being on the spot market.
yes I only store Bitcoin for the long term, not for day trading, because Bitcoin requires large capital to get maximum profit,
yes even though there is futures trading I am still comfortable being on the spot market.
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?
Many traders don't just focus on BTC, they have also got through to altcoins. Perhaps, we can see that there is a good profit in altcoins however, it is riskier than BTC but above all, it is a matter of our trading strategy and a choice of coin. Because either it was Bitcoin or altcoins if we are not good at trading the same results we've got at the end of the day. For me, I'm taking both Bitcoin and altcoins, sometime I lose and sometimes I win. But I understand this situation as this was real-life in trading, nothing to complain about.
Indeed, in this case, Bitcoin is the most trusted Crypto. However, outside of this and the strategy of each trader, I think that it's good if we don't put all our money only in one coin. Because, the bitcoin itself is also very volatile, up and downs sometimes very drastically. Therefore I also chose both (Bitcoin and Altcoins). In the hope that if one of them experiences a significant price reduction, at least I still have other assets that might have fewer decreases and still allow for the take profits from the set. Although it is also important to consider the law like @Maus0728 have stated above.
But of course, we must be clever in choosing Altcoins the most appropriate for daily trading. Because not all Altcoins are good for daily trading.
BTW, if we intend to hold, I think BTC options, but I will also add top coins like Eth and BNB into the portfolio.
NOTE: This is only my opinion, you should also think carefully about the decision whether it will only trade in Bitcoin or penetrate to Altcoins. To be sure, both have advantages and disadvantages.
But don't go to FOMO or hype coins.
But of course, we must be clever in choosing Altcoins the most appropriate for daily trading. Because not all Altcoins are good for daily trading.
BTW, if we intend to hold, I think BTC options, but I will also add top coins like Eth and BNB into the portfolio.
NOTE: This is only my opinion, you should also think carefully about the decision whether it will only trade in Bitcoin or penetrate to Altcoins. To be sure, both have advantages and disadvantages.
But don't go to FOMO or hype coins.
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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.
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 think more like we trade alts to gain BTC, and trading btc to made long term investment. Because it will be double profit if we get profit from that trading activity and then we hold our bitcoin and if price of bitcoin increased we can get more profit from it. So, trading alts or bitcoin, both can be profitable. 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'll tell you a basic mechanism for trading alts. 1. When we are into a bull run scenario which means breaking newer highs and making higher lows then always stay in Bitcoin most of the altcoins don't move with BTC at this time it's only BTC that takes off at this time.
2. Whenever you feel that this is the end of the BTC bull run or it has slightly stabilized or even fell a bit. It is at this time you should buy alts because when BTC will retrace back upwards alts will come with it this time and come at par with BTC
3. After BTC has become stable and is trading in a certain range it's alts time now. Always stay in alts they will definitely pump one by one at this point in time.
4. Whenever BTC starts falling never trade alts, they will fall at an even higher speed but when you see it's BTC bottom buy alts because they will retrace back at a greater speed.
PS: These are general guidelines for trading alts what I have seen from two previous bull runs but please do correlate with respective alts charts too because the price movement in them would be as per their own charts, not BTC charts. Also exceptional movements due to news or other reasons is always possible.
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?
There is something called Bitcoin and Altcoin Dominance. Look at this guide to know when to entry well:
Basically, not all time that the alts increase is due to their fundamentals or some development or a stepping stone of a project/coin has been done. Mostly, it is also due to the btc.d decreasing or increasing. The chart tells what the BTC.D trend would impact the price of both the BTC and the Alts. Also, in simple trading, you cannot always rely to BTC as BTC itself could be on a drastic downfall yet most the alts can still go upwards or at the opposite trend of the Bitcoin's price. Diversifying your trades would still be safer than making your trades rely on BTC/USDT pair.
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?
The best is to research on the coins you want to trade. Some people prefer to trade bitcoin, and what they care about most is for them not to lose but gain. But with what I have noticed, altcoin are more volatile than bitcoin, it is more profitable to trade altcoin in spot trading because you can gain from the volatility, but the more can also be the losses. But if it is leverage trading, the maximum you can go on altcoins on exchanges I have used before are 75x, only ethereum is having max of 100x while Bitcoin has 125x, this can be taken as an advantage. Also, if you know you can predict more the price of bitcoin volatility, while don't you just leverage it 2x to provide you the volatility like that of altcoins. But this depends on your choice. The most important thing is for someone not to lose but gain. 
It's better to avoid alts trading into both btc and usdt pair if there is any possibility of bearish movement according to TA as well as FA. But it's great to continue the BTC trading into correction time for short period of time because alts will try to adjust the price in terms of satoshi which might be a result of lossing btc from portfolio. But correction market gives us great opportunity to buy our favourite or potential alts along with bitcoin more at cheap price for long term purpose as bull run isn't over yet. So, it's upto everyone to do according to TA and FA.
Most of the time it does correlate, although to be frank it still isn’t a 100% certainty after all, as lately we have noticed alts doing extremely good while bitcoin sits in the sidelines and experiencing some slight falls here and there. Personally I like trading alts currently due to its market being pretty active. You can sit in front of your computer for, say 3 hours and make a quick profit that you won’t really get much from bitcoin nowadays unless you have thousands to play with.
I'm not sure how credible it is but it's been accurate a little recently that btc is best to hold in times of volatility and alts are best to hold. In times of stagnation (or smaller moves) - logically this seems like it'd be the case if people start to research more, get bored or annoyed they haven't made much profit.
I wouldn't sell at a loss but I think you could get altcoins for cheaper compared to btc soon. (but another leg might come in either direction first).
I wouldn't sell at a loss but I think you could get altcoins for cheaper compared to btc soon. (but another leg might come in either direction first).
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?
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