Trade only Bitcoin - page 4. | Bitcointalksearch.org

mirakal

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Quote from: MFahad on October 14, 2023, 12:56:30 PM

Both bitcoin and altcoins can give profit but if we compare bitcoin with altcoin then bitcoin is more successful than altcoins because disappearing concept is involved in altcoins but not in bitcoin. But in most of the cases you can do trading with altcoins but bitcoin will be suitable for investment more than trading.

If you don't have knowledge then trading with both altcoins and bitcoin will be risky for you and when you are expert trader then your will surely select certain trustworthy altcoins as well as bitcoin. Making concept about market and then using strategies according to market movement is the best solution to earn profit but if you go against market then you are doing a big mistakes which does not suited well in trading.

You can actually trade in both bitcoin and altcoins as its one way of giving yourself bigger chances to earn. But when you trade with wrong altcoins, the risk to lose is even more high than if you focus on bitcoin. That is why trading with bitcoin is always the best option most especially if you aim for long term hodling to anticipate bigger profits as well. Altcoins are not bad as long as you trade with high potential altcoins, those that does not go easily with pump and dump.

However, if you trade without knowing the basics in trading, that's another story to tell. Even bitcoin trading won't save yourself from losing a lot. The more you trade, the higher chances of losing, that is the reality when you trade quickly just to gain immediate profits.

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Same with me , when it comes to crypto-currency I trade only Btc cause it seems to be the only one that follows the market structure for now . Dont thnk Btc is hard to trade if one is very good at technical analysis, unlike other altcoins where most of my losses are from them so I've decided to trade Bitcoin only. The other altcoins are more tradeable using indicators so people good at using indicators made lots of profits from them but for pure technical traders it doesn't seem that easy at all.

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Quote from: rat03gopoh on November 11, 2023, 10:07:15 AM

Quote from: Z_MBFM on November 11, 2023, 09:31:46 AM

Because Bitcoin is not for trading, Bitcoin is for long term investment.

I don't think it's bad for trading, bitcoin also has volatility that is worth trading. Traders can determine their favorite coins to trade after some evaluation. Even on some exchanges you're allowed to use up to 100x leverage, if the Op is good enough at this then he can generate profits bigger or faster than long term investments.

People have different choices for everything. Some use Bitcoins for long term investment, while some use it for trading quick money. But if you want to remain on safer side, then only investing in the Bitcoins will be safe option. We know that Bitcoins are limited in number, hence they will definitely increase in price in long go. So investing a certain amount for long term can give good profits. You always have the option to trade these coins. But if you take risk, then there is possibility that you can face losses also.

Adams0001

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Quote from: jasonjm on October 14, 2023, 04:03:05 AM

In the crypto market, trading Bitcoin should be the only option because it is established as a currency and has survived the worst time. On the other hand, Altcoins are not a good option and are riskier to trade due to scams and the risk of whipping out from the market. Trade only the established Alts. In Altcoin trading, the chances of a loss are higher compared to Bitcoin.

Before trading, it is important to acquire a related skill set and expertise because it is very risky, and you might end up losing your money. Knowledge about the investment option is also a must. You must be emotionally strong if you are looking for trading.

Some people prefer trading in altcoins because they offer a higher return, but I prefer trading in bitcoin because it has the highest market cap and will perform better than altcoins, and altcoins are risky due to their low market cap and can cause someone to lose money, because even if you conduct research, the advice they will give you is to trade with bitcoin because it is the best cryptocurrency Many people have been trading with bitcoin for a long time now, and I haven't heard anyone complain about it. It's less volatile and good, and they're making money. I believe that before anyone embarks on a trading journey, he should do his research before investing in any coins, because even if someone tells you that this coin is the best to invest in, you should do your own research to see what's best for you.

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Quote from: Jegileman on November 12, 2023, 03:18:31 AM

Quote from: Kara3 on September 28, 2023, 02:19:52 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?

Not everyone shares your feelings, but sharing your feelings is the best. People frequently seek to get quick money quickly, even if it means taking a risk; they ignore the risk and end up losing everything. Investing in altcoins is similar to gambling in that one cannot predict the outcome but can only hope to win.

Altcoins are referred to as gamble due to their significant risk of loss when contrasted to bitcoin, which has a higher potential for growth over time. If you trade bitcoin, you may be confident that the best will come for you later; otherwise, you will continue to lose if you trade altcoins, which can easily exit the market at any time because they can’t withstand the market volatile nature.

We can make more money from the market when we take the risk of investing or trading not just blindly but with a skill we have learnt so far from been a learner. The crypto market is big enough and we should always have a plan to invest in the market whether we want to invest in Bitcoin or altcoins, it is very important for us to make sure we keep buying and holding.

Although the crypto market is very risky but we don't have to be afraid of investing when we know for sure we are going to be profitable by investing in the crypto market. Thilose who had been in the market for a very long time and are traders would always keep up investing and holding.

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Quote from: rat03gopoh on November 11, 2023, 10:07:15 AM

Quote from: Z_MBFM on November 11, 2023, 09:31:46 AM

Because Bitcoin is not for trading, Bitcoin is for long term investment.

I don't think it's bad for trading, bitcoin also has volatility that is worth trading. Traders can determine their favorite coins to trade after some evaluation. Even on some exchanges you're allowed to use up to 100x leverage, if the Op is good enough at this then he can generate profits bigger or faster than long term investments.

I agree that even though bitcoin is considered a long-term investment, it's up to the trader to see the potential profit. That's why we have scalpers, but there's no specific time or day to consider bitcoin as a long-term investment; it depends on the investor or the trader. That doesn't mean bitcoin is long-term; you will just let it sit there. You can use some for trading to earn money because we have needs in everyday life.

Altcoin doesn't mean you will lose money or that it is not good for trading; it, of course, depends on the traders. Many traders take advantage of altcoins, which indicates trading will depend on the skill and knowledge of a trader. So any coin can be profitable; you just need to find or take advantage of it. If you keep losing altcoins, then it's the trader's fault, not the coins. I personally trade not just bitcoin but other altcoins and shitcoins, and so far it's gone well.

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Quote from: Kara3 on September 28, 2023, 02:19:52 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?

Not everyone shares your feelings, but sharing your feelings is the best. People frequently seek to get quick money quickly, even if it means taking a risk; they ignore the risk and end up losing everything. Investing in altcoins is similar to gambling in that one cannot predict the outcome but can only hope to win.

Altcoins are referred to as gamble due to their significant risk of loss when contrasted to bitcoin, which has a higher potential for growth over time. If you trade bitcoin, you may be confident that the best will come for you later; otherwise, you will continue to lose if you trade altcoins, which can easily exit the market at any time because they can’t withstand the market volatile nature.

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Quote from: Kara3 on September 28, 2023, 02:19:52 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?

Bitcoin is known to have attained a greater level of stability when compared to other coins, which has been the reason it possibly obeys the trends and even follows the pattern of price action. Most altcoins may not have attained this level of stability and are definitely not been able to follow up with price action pattern due to their too many inconsistency.

But then this does not rules out profitablity on altcoins trading, there are people who have studied certain altcoins so well they understand their patterns and they trade them and are profitable in it, but then generally trading cryptocurrency is risky and full of some many uncertainties. It's best you pick that which suits your style , study further and stick to it, with time you will definitely turn out profitable in trading.

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Quote from: Z_MBFM on November 11, 2023, 09:31:46 AM

Because Bitcoin is not for trading, Bitcoin is for long term investment.

I don't think it's bad for trading, bitcoin also has volatility that is worth trading. Traders can determine their favorite coins to trade after some evaluation. Even on some exchanges you're allowed to use up to 100x leverage, if the Op is good enough at this then he can generate profits bigger or faster than long term investments.

Z_MBFM

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Quote from: Kara3 on September 28, 2023, 02:19:52 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?

If one has trading skills then only bitcoin or altcoin will give good result for him. Because Bitcoin is not for trading, Bitcoin is for long term investment. If your intention is to trade Bitcoin then your decision will be wrong. Bitcoin trading may make you some profit but sometimes you can lose so it will give you a negative thought about Bitcoin. Trading in altcoins is risky but not gambling. In gambling you lose your entire fund but in trading you may face huge losses but you don't lose your entire budget. But if you talk about leverage trading/future trading then yes it is more like gambling.
But if you have a good trading skill then you may face less loss but those who are new to trading may suffer more. So holding Bitcoin for the long term would be a good option

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Quote from: Kara3 on September 28, 2023, 02:19:52 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?

If you experience a loss when trading on altcoins, it doesn't mean that altcoins are not good, this is because you don't have information or don't use the right strategy when trading on altcoins, which makes you lose and vent your anger that altcoins are bad. Actually, it's not like that, there are many altcoins that have good technology and good fundamentals for the future. Altcoin traders don't just choose coins but you also have to have a strategy. Of course bitcoin is better than altcoins in the long run, but owning altcoins is also not a problem if you really research properly.

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Quote from: Kara3 on September 28, 2023, 02:19:52 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?

This is the most foolish advice I have ever heard. Just imagine a situation where all trading people obey your advice and only trade with Bitcoin. Do you really think it's a good idea that the market will remain stable and your so-called "market structure" will remain perfect? You should be responsible for explaining the market structure that is disturbed by alt coins. And how can trading Bitcoin only bring that market structure to the crypto market? I'm not saying that you can't trade only Bitcoin, but alt coins are really an opportunity market, and people are exploring that. Nowadays, technology and digital marketing changes are evolving through alt coins, and it's a developing technology, so we can't discourage innovations that are capable of changing the world market.

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Quote from: Altryist on October 24, 2023, 04:11:53 AM

Quote from: Kelvinid on October 23, 2023, 04:43:42 PM

The choice of Bitcoin in trading is not really profitable based on my experience compared to altcoins but when it comes to investment, we are certain about it. But, we must also understand that trading is not all about choosing coins, it is also all about the use of strategies and perfect timing. Because even if you choose Bitcoin, you will still have no assurance of a profit especially if you don't have deep knowledge about trading. Many people jump into trading with empty knowledge or just say, knowing only the basics - still, they suffer big losses.

Trading Bitcoin has its advantages; lately we have seen several times how Bitcoin has become significantly ahead of altcoins, and altcoins are in no hurry to grow after Bitcoin, and because of this they look very weak. I am sure that everyone who trades Bitcoin at the moment feels great, even now Bitcoin shows +11%, which can be considered an excellent result.
The market is weak and there is a lot of uncertainty for altcoins, they cannot move on their own, since Bitcoin serves as an indicator for them, but even despite this, they are afraid to immediately move after it, they need some time to determine and see if there will be a decline after growth.

The volatility of bitcoin is not that bad, but the idea is not just to trade bitcoin-usdt pair for example, if you want to you should trade bitcoin-eth pair too, or bitcoin-bnb pair too. The idea I have or at least what I understood is that you should have one part of the pair as bitcoin and the other part of the trading pair could change, but always have one part as bitcoin and that is more important.

Obviously it is not really all that complicated when you think that having more and more bitcoin is the most important part, and we should probably approach it a little differently whenever we can. If you keep doing that then you are going to end up with a solution that will benefit you and keep getting you more bitcoins.

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Obviously, Bitcoin provides a chance to everyone who believes in it. You can also use it to send money to any part of the world as long as there is an exchange in the country to which you are sending it.

It can also be turned into a long-term investment, which implies that after 5 years, the sum you saved here will most likely be worth five times its original value. Then you can pass on your work or your own business to your loved ones.

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Quote from: Kelvinid on October 23, 2023, 04:43:42 PM

The choice of Bitcoin in trading is not really profitable based on my experience compared to altcoins but when it comes to investment, we are certain about it. But, we must also understand that trading is not all about choosing coins, it is also all about the use of strategies and perfect timing. Because even if you choose Bitcoin, you will still have no assurance of a profit especially if you don't have deep knowledge about trading. Many people jump into trading with empty knowledge or just say, knowing only the basics - still, they suffer big losses.

You are right that there is no guarantee that a trader will be able to achieve his profit just by selecting Bitcoin. Especially for those short term traders who fall into panic and cannot control their emotions and those traders who don't know much about technical analysis and proper strategy.
Moreover, if the trader has enough patient and only holds Bitcoin for long-term investment, then surely he can earn profits there. Here he doesn't have to fall prey to any scams, and only if he has a good understanding of the security and privacy of using a non-custodial wallet.

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Quote from: Litzki1990

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.

There is a full assurance that you will make a good profits that will improve you financially if you invest in BTC which is the best coin that can give you what you want in the future. If you have the knowledge to know where to trade and where not to trade your BTC at the moment, it will help you to know how good and reliable BTC is to traders in the the community, and you will always remain in profits earning from your trading when you continue investing in BTC.

Quote

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 hard for long term investors to lose profits like the way short term investors use to lose profits from altcoins investment because, BTC still remain the king among other cryptocurrencies and whenever the price of BTC is changing in the market altcoins price will start changing little, and it cannot give their customers like what BTC will give to their customers when the bull occur.

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Quote from: Kelvinid on October 23, 2023, 04:43:42 PM

The choice of Bitcoin in trading is not really profitable based on my experience compared to altcoins but when it comes to investment, we are certain about it. But, we must also understand that trading is not all about choosing coins, it is also all about the use of strategies and perfect timing. Because even if you choose Bitcoin, you will still have no assurance of a profit especially if you don't have deep knowledge about trading. Many people jump into trading with empty knowledge or just say, knowing only the basics - still, they suffer big losses.

Trading Bitcoin has its advantages; lately we have seen several times how Bitcoin has become significantly ahead of altcoins, and altcoins are in no hurry to grow after Bitcoin, and because of this they look very weak. I am sure that everyone who trades Bitcoin at the moment feels great, even now Bitcoin shows +11%, which can be considered an excellent result.
The market is weak and there is a lot of uncertainty for altcoins, they cannot move on their own, since Bitcoin serves as an indicator for them, but even despite this, they are afraid to immediately move after it, they need some time to determine and see if there will be a decline after growth.

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Quote from: Kara3 on September 28, 2023, 02:19:52 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?

If you trade on the BTC-USD pair, it will be easy to change the flow when market movements do not match predictions, from daily trading to holding it longer because the price has not moved in the expected direction, so it looks safer and is suitable for those who don't really like surprises, but altcoins often provide bigger profits in a shorter time so many people remain focused on trading altcoins compared to BTC, that's why altcoins continue to emerge because they see that the opportunities for traders who trade in this type of market are very large, and I think it will really depend on the preferences of each trader who likes high risks will stay with altcoins because they see opportunities for faster profits and large but traders who prefer convenience will be on Bitcoin alone.

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Quote from: macson on October 23, 2023, 01:10:59 PM

Quote from: Kara3 on September 28, 2023, 02:19:52 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 reason why it is important to learn more about the asset you are going to trade is so that your money doesn't float away. Bitcoin is a very volatile asset, but the reputation and liquidity that Bitcoin has are very high compared to altcoins in general, but there are also several altcoins that are quite common. traded by people such as ethereum, bch and bnb, while the assets you should avoid for trading are meme tokens and tokens that are just based on hype ^{(such as DeFi and AI tokens)}, don't misplace your money in an asset when you trade, your money will be difficult to get back.

The choice of Bitcoin in trading is not really profitable based on my experience compared to altcoins but when it comes to investment, we are certain about it. But, we must also understand that trading is not all about choosing coins, it is also all about the use of strategies and perfect timing. Because even if you choose Bitcoin, you will still have no assurance of a profit especially if you don't have deep knowledge about trading. Many people jump into trading with empty knowledge or just say, knowing only the basics - still, they suffer big losses.

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Quote from: jasonjm on October 14, 2023, 04:03:05 AM

Before trading, it is important to acquire a related skill set and expertise because it is very risky, and you might end up losing your money. Knowledge about the investment option is also a must.

Seriously, having knowledge in everything we do is the only way we can be successful in this life, not only in the crypto space, trading, or investment. Without the knowledge, I don’t think we will be able to get what we want, and the same thing with other businesses out there, we can't make a profit if we don't know how the market goes, so it’s very important to have skills that are required in everything we do in this life.

Quote from: MFahad on October 14, 2023, 12:56:30 PM

Both bitcoin and altcoins can give profit but if we compare bitcoin with altcoin then bitcoin is more successful than altcoins because disappearing concept is involved in altcoins but not in bitcoin. But in most of the cases you can do trading with altcoins but bitcoin will be suitable for investment more than trading.

Sure, they both generate profit, and I think bitcoin is not that suitable for traders like altcoins. Bitcoin is more suitable when it comes to an investment because bitcoin prices sometimes stay in one place, unlike altcoins, and I think that’s why traders are not that used to trading. Which is not the case. You know, everything that has an advantage also has a disadvantage, so in altcoin, the disadvantage that involves is that what you said, which is the disappearance of some altcoins, cannot be hodl because of this, so we don’t appreciate it when someone decides to hodl altcoins as an investment. We always attach long-term investments to bitcoin because we surely know that it will favor us.

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