Trade only Bitcoin - page 10. | Bitcointalksearch.org

Rruchi man

legendary

Activity: 1246

Merit: 1071

Quote from: Kara3 on September 28, 2023, 03:19:52 PM

Trading is a lifetime skill that is always beneficial if you know what you are doing, the biggest mistake of traders is trading alt that most times doesn't obey market structure,
when it comes to cryptocurrency, trade only Bitcoin.
Bitcoin doesn't just give you profit, it gives you security, it obeys market structure, for the past 2yrs I have been trading, I only have losess only when I trading Alt, price action trading I utilize will trading always gives me result when trading Bitcoin, but when it comes to Alt I really do feel as if am gambling, so my fellow traders, trade only Bitcoin, I don't know if anyone feel the same way?

The same way investing in many coins can be dangerous, and not as profitable as investing in just bitcoins, trading many and random cryptocurrency is not still the proper way to trade cryptocurrency, and may not also be as profitable as when you as a trader decide to focus on trading majorly bitcoins. Smart traders know that trading bitcoin is the best choice, but they sometimes trade other cryptocurrencies because they can, and they make profit from it. You will not be a smart trader to know that you can trade other cryptocurrency and make profit from it, but decide to just limit yourself to bitcoins alone. Sincerely trade according to your expertise. If you know you can do it, go for it! If you still have doubts, then play it safe and focus mainly on bitcoins.

armanda90

hero member

Activity: 994

Merit: 552

High risk will get high return and low risk automatically with low return, its comparison when priority trading with Bitcoin or altcoin, actually many trader still trade with altcoin because have high profitable than have to trade with Bitcoin and small fund not enough to earn much profit as short or long term trade. Not really difficult if amount $300 for trading in altcoin to earn profit above $20 until $60 around 20% profitable with altcoin but need waiting more than one or two months to see Bitcoin have progress up above 20%. If have much fund better and more recommended with trading in bitcoin but have fund under $1k better trade in altcoin but looking for an altcoin have top standings place in CMC and not try with shit or meme coin for trading.

Chilwell

sr. member

Activity: 504

Merit: 360

The Alliance Of Bitcointalk Translators - ENG>PID

Quote from: Kara3 on September 28, 2023, 03:19:52 PM

Trading is a lifetime skill that is always beneficial if you know what you are doing, the biggest mistake of traders is trading alt that most times doesn't obey market structure,
when it comes to cryptocurrency, trade only Bitcoin.
Bitcoin doesn't just give you profit, it gives you security, it obeys market structure, for the past 2yrs I have been trading, I only have losess only when I trading Alt, price action trading I utilize will trading always gives me result when trading Bitcoin, but when it comes to Alt I really do feel as if am gambling, so my fellow traders, trade only Bitcoin, I don't know if anyone feel the same way?

I so much believe all what you said about bitcoin, and also about alt coin. I have a friend which I told to invest in bitcoin and he told me that he prefers to invest in other coins than bitcoin, he said bitcoin is too expensive that the money he got to invest will only purchase small bitcoin but if its alt coin he will have many of the coin. I try to convinced him that what point will it make by having large quantity of coin without value than having just little with high value. People practicing alt are those that thing cryptocurrency is also gambling because the don't invest in bitcoin. Bitcoin is the reliable and trustworthy coin that never force anyone to commit suicide. It's a relief investment.

Ndabagi01

sr. member

Activity: 560

Merit: 287

Quote from: Kara3 on September 28, 2023, 03:19:52 PM

Trading is a lifetime skill that is always beneficial if you know what you are doing, the biggest mistake of traders is trading alt that most times doesn't obey market structure,
when it comes to cryptocurrency, trade only Bitcoin.

Trading is more difficult than investing, and the danger associated in trading causes people to lose faith in it, much like investing. While investing takes time to enjoy the benefits, trading only requires you to make a decision and take certain risks that may or may not be in your favour.

Quote

Bitcoin doesn't just give you profit, it gives you security, it obeys market structure, for the past 2yrs I have been trading, I only have losess only when I trading Alt, price action trading I utilize will trading always gives me result when trading Bitcoin, but when it comes to Alt I really do feel as if am gambling, so my fellow traders, trade only Bitcoin, I don't know if anyone feel the same way?

Many people trade altcoins because of their high volatility, they follow market movements, particularly those altcoins with poor returns and reputations in the crypto market. They can readily multiply by ten or more due to minor market changes induced by their developers or market trends. They consider it as a get rich quick coin while trading it and ignore the danger involved, which is negligible when they invest in bitcoin instead.

_act_

hero member

Activity: 868

Merit: 1094

Quote from: Kara3 on September 28, 2023, 03:19:52 PM

Trading is a lifetime skill that is always beneficial if you know what you are doing, the biggest mistake of traders is trading alt that most times doesn't obey market structure

That is one of the biggest mistakes of traders that are losing. But also trading bitcoin like you are gambling is part of the biggest mistake of traders.

Quote from: Kara3 on September 28, 2023, 03:19:52 PM

when it comes to cryptocurrency, trade only Bitcoin.
Bitcoin doesn't just give you profit, it gives you security, it obeys market structure, for the past 2yrs I have been trading, I only have losess only when I trading Alt, price action trading I utilize will trading always gives me result when trading Bitcoin, but when it comes to Alt I really do feel as if am gambling, so my fellow traders, trade only Bitcoin, I don't know if anyone feel the same way?

Do what is best for you. But I noticed that I make profit more when I trade altcoins but I choose few because most are very risky. I will not encourage anyone to trade altcoins because they are very volatile. I use very small amount for altcoins and I do not use leverage.

Unbunplease

legendary

Activity: 1792

Merit: 1159

To trade only bitcoin, you need to be well versed in trading at least Futures and other trading instruments. It is also necessary to have a good understanding of trading strategies, to set stop loss correctly, and to have iron nerves. Bitcoin now, in my opinion, is more suitable for active trading than for a simple holding

Wiwo

hero member

Activity: 1022

Merit: 667

Leading Crypto Sports Betting & Casino Platform

I am not an expert trader, but when I tried trading some months back, I was making a good profit from a particular coin but not Bitcoin and as a long the line I decided to dive into multiple coins trading and at that point I lost my entire capital, why am I saying this is because trading a single pair is more safer than trading multiple pairs.

Bitcoin is the most. Suitable in that regard and at that we all will look into that to be able to prove how safe it is to trade only assets that have less volatility like bitcoin.

Litzki1990

sr. member

Activity: 1190

Merit: 296

Bitcoin is always safer than ALT coins so trading with bitcoins will have less chance of loss but there are some ALT coins that I don't think would be too bad to invest in. Everything will depend on the trading skills, if you have perfect trading skills then it is possible to make good money by trading in ALT coins.

I have always preferred Bitcoin for long term investment, and I believe that no coin can beat Bitcoin for long term investment, but in some cases I have noticed that trading ALT coins is relatively more profitable than Bitcoin.

It is possible to invest the same amount of capital only the risk is slightly higher. If we can accept the risk then surely we can make profit by trading ALT coins as well.

Kara3

member

Activity: 96

Merit: 13

Trading is a lifetime skill that is always beneficial if you know what you are doing, the biggest mistake of traders is trading alt that most times doesn't obey market structure,
when it comes to cryptocurrency, trade only Bitcoin.
Bitcoin doesn't just give you profit, it gives you security, it obeys market structure, for the past 2yrs I have been trading, I only have losess only when I trading Alt, price action trading I utilize will trading always gives me result when trading Bitcoin, but when it comes to Alt I really do feel as if am gambling, so my fellow traders, trade only Bitcoin, I don't know if anyone feel the same way?

Topic: Trade only Bitcoin - page 10. (Read 1245 times)