Trade only Bitcoin - page 7. | Bitcointalksearch.org

Inwestour

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Quote from: ShowOff on October 11, 2023, 08:51:34 AM

When someone understands enough how the market works, then of course they can take advantage of any momentum to generate profits. You don't have to trade every day to make a profit, but you have to be able to do analysis enough so that you can make a profit when trading.

We are all aware that sometimes price movements do not always match our expectations, but good analysis can usually help traders to get commensurate results. The saying you say is true, but there are always different strategies that can also generate profits. Rumors are not always true, but some rumors can come true so there is no harm in taking advantage of such things to gain profits from trading.

It seems easier to recognize the trend on the global chart, but for day trading everything is too volatile and it is really difficult to count on daily profits. From time to time, Bitcoin was in a flat and during such periods it was convenient to trade it even on day trading, but when significant movements begin, this complicates everything. In any case, trading Bitcoin seems safe to me, if you are trading on spot trading then you should not worry that you can stay in this position for a long time.

Nheer

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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?

It is so important to know what you are doing when you want to engage in trading, you need to be knowledgeable about it else you will just end up losing money. This is the mistake most newbies make, they don’t seek advise from people first they just jump into trading with the mindset that they also want to make money just as others are making money. Trading skill once acquired is a life time skill that is helpful as long cryptocurrency is still in existence.
I agree bitcoin gives you security but just as it is beneficial trading alts can also be beneficial but they are not as secure as bitcoin. When trading bitcoin you can also encounter losses as well but of all cryptocurrencies it is the best option when trading or Hodling. Bitcoin is simply the best of all cryptocurrencies to work with.

Obari

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Nice advice but just as they always say that, one man’s food is another man’s poison and that’s same thing with cryptocurrency and the fact that bitcoin is favorable to you, doesn’t make it favorable for others and I’ve seen stories of people lamenting how they lost everything to bitcoin and it will be very difficult to convince such persons to stick to bitcoin especially if they’re struggling to put their lives together.
Bitcoin remains the king but I’ve also seen people who give all the credits to altcoins because they got their lives stabilized from trading altcoins and what truly and really matters in the cryptocurrency industry is that you’re making profits irrespective of the coins you’re holding or trading.

armanda90

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For minimalizing risk in trading seems Bitcoin is right choose for trading or investing than altcoin have bigger risk with speculative price movement, but I don't see with any trader want to earn stable and small profitable when investing in bitcoin and almost all trader try with small capital will get maximum profit. Its mean they want huge profit and less capital for trading with altcoin is their trading coins priority than have to trade with bitcoin required huge capital but less profitable earn than altcoin. For huge capital its not problem for them have to trade with bitcoin only because earn 3% until 5% based on their huge capital seems enough profitable but for small fund seems not worth yet when have to trade with bitcoin.

Low risk its low return and high risk understood with high profit, its position low risk for bitcoin trading and high risk for altcoin trading.

el kaka22

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This makes sense to be fair, it is not a move that gets any risk and you could totally do it if you like to.
I understand that some people do not like this type of risk and they would like to do something that would be a bit riskier and want to make more profit and it is very true that you "could" make more profit with other things but that doesn't change the fact that you are not going to start making profit all that quickly just because you did this, you need to make sure that you are going to be getting some income as well and most people do not make that kind of income.

It should be considered that you are going to lose most probably and that is not a smart move, you should not be doing that. I believe that we are going to end up with something that should be hurting your chances most probably.

ShowOff

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Quote from: DVlog on October 11, 2023, 06:25:02 AM

Quote from: ShowOff on October 11, 2023, 04:34:15 AM

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Book profits should be based on various factors. Sometimes a token rallies up way before the news event happens. This rally can continue until the end of the events which depends on the importance of those events. There is a saying in the crypto market and that is "Buy the rumors and sell the news". If there is a rumor going on then you should start accumulating that project and book the profit as soon as the news event releases.

When someone understands enough how the market works, then of course they can take advantage of any momentum to generate profits. You don't have to trade every day to make a profit, but you have to be able to do analysis enough so that you can make a profit when trading.

We are all aware that sometimes price movements do not always match our expectations, but good analysis can usually help traders to get commensurate results. The saying you say is true, but there are always different strategies that can also generate profits. Rumors are not always true, but some rumors can come true so there is no harm in taking advantage of such things to gain profits from trading.

Peanutswar

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They cant seek a good profit with the bitcoin because we know there are a lot of investors already with it reason why they chase the altcoins there's a lot of news, rumors came from friends of friends that they become instant millionaires after they make an investment with the altcoins specifically so people keep hoping that they can deal with at the same time but not as always people have the same faith, its good if they manage and have a good background analysis and checking with their investment most of the altcoins related are scams, rug, and honeypot, why making a risk without assurance with alt if you can see the potential in Bitcoin, both brings profit but more safe with the BTC just my cents.

Dr.Osh

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Well, if you want to trade with minimal risk and plan to hold for the long term, then Bitcoin is the best decision. However, one of the reasons why people choose altcoins in trading is because the price is more affordable, as well as the fluctuation rate is faster and perhaps higher than bitcoin. This makes people choose to trade or hold altcoins for a long or short period of time. However, personally, if I wanted to do it with the least risk, then I would choose bitcoin, especially if my goal is long term.

DVlog

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Quote from: ShowOff on October 11, 2023, 04:34:15 AM

Quote from: DVlog on October 11, 2023, 12:45:33 AM

Quote from: Pejoh Asu on October 10, 2023, 11:38:02 PM

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

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Trading bitcoin is indeed safer than altcoins, I often trade altcoins and the results are disappointing, small price fluctuations of around 1 to 5 percent are ideal for making a profit from trading bitcoin, while fluctuations in altcoins which can reach tens or even hundreds of percent are like a roller coaster.

I wanted to say instead "Holding bitcoin is safer than altcoins" when trading has the equivalent risk that altcoins have. My assumption is that you were referring to the risk associated with intraday trading. To trade and make profit from a certain market requires substantial knowledge about the market including basic and fundamental knowledge about that asset. If your knowledge about altcoin market behavior is better than that of bitcoin then you will do better in trading altcoin.

The risks of trading bitcoin and altcoins are the same because both have price volatility. Traders who are experienced and have good analytical skills can use everything to gain profits, but they obviously have to consider the risks of each coin they trade. Altcoins are a good alternative to choose in trading, but they should close positions as quickly as possible after making decent profits.

I don't trade as much as other traders, but several times altcoins have actually been more profitable for me than trading bitcoin. So I never blame traders who choose altcoins to trade instead of just bitcoin, that is their choice.

Book profits should be based on various factors. Sometimes a token rallies up way before the news event happens. This rally can continue until the end of the events which depends on the importance of those events. There is a saying in the crypto market and that is "Buy the rumors and sell the news". If there is a rumor going on then you should start accumulating that project and book the profit as soon as the news event releases.

ancafe

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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.

It depends on your skills when involved in trading, although trading in bitcoin can provide a more binding and secure structure, there are many people who are good at trading and are able to choose several coins that they consider worthy of trading.

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

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 do not have the knowledge and experience when you want to get involved in trading then it is the same as trading with coins that have no potential to generate profits. Fluctuating prices and the risks involved can have a bad psychological impact on people who are not prepared. Knowledge and experience will provide a form of calm when we carry out trading even though we experience losses.

I am not one of those traders who have more skills in trading and that is why I prefer long-term investments especially for bitcoin. Responsibility for everything we do must be based on the ability to withstand loss and if you are not ready then choose another method that can be responsible.

ShowOff

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Quote from: DVlog on October 11, 2023, 12:45:33 AM

Quote from: Pejoh Asu on October 10, 2023, 11:38:02 PM

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

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Trading bitcoin is indeed safer than altcoins, I often trade altcoins and the results are disappointing, small price fluctuations of around 1 to 5 percent are ideal for making a profit from trading bitcoin, while fluctuations in altcoins which can reach tens or even hundreds of percent are like a roller coaster.

I wanted to say instead "Holding bitcoin is safer than altcoins" when trading has the equivalent risk that altcoins have. My assumption is that you were referring to the risk associated with intraday trading. To trade and make profit from a certain market requires substantial knowledge about the market including basic and fundamental knowledge about that asset. If your knowledge about altcoin market behavior is better than that of bitcoin then you will do better in trading altcoin.

The risks of trading bitcoin and altcoins are the same because both have price volatility. Traders who are experienced and have good analytical skills can use everything to gain profits, but they obviously have to consider the risks of each coin they trade. Altcoins are a good alternative to choose in trading, but they should close positions as quickly as possible after making decent profits.

I don't trade as much as other traders, but several times altcoins have actually been more profitable for me than trading bitcoin. So I never blame traders who choose altcoins to trade instead of just bitcoin, that is their choice.

DVlog

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Quote from: Pejoh Asu on October 10, 2023, 11:38:02 PM

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?

Trading bitcoin is indeed safer than altcoins, I often trade altcoins and the results are disappointing, small price fluctuations of around 1 to 5 percent are ideal for making a profit from trading bitcoin, while fluctuations in altcoins which can reach tens or even hundreds of percent are like a roller coaster.

I wanted to say instead "Holding bitcoin is safer than altcoins" when trading has the equivalent risk that altcoins have. My assumption is that you were referring to the risk associated with intraday trading. To trade and make profit from a certain market requires substantial knowledge about the market including basic and fundamental knowledge about that asset. If your knowledge about altcoin market behavior is better than that of bitcoin then you will do better in trading altcoin.

Xcode7

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Quote from: Pejoh Asu on October 10, 2023, 11:38:02 PM

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?

Trading bitcoin is indeed safer than altcoins, I often trade altcoins and the results are disappointing, small price fluctuations of around 1 to 5 percent are ideal for making a profit from trading bitcoin, while fluctuations in altcoins which can reach tens or even hundreds of percent are like a roller coaster.

That's true, but in my opinion, the guarantee that the price of Bitcoin will recover and can increase is much greater than that of Altcoins, so it's only natural that Bitcoin trading is considered much safer than Altcoins.
However, there are things that people want to achieve when trading Altcoins, especially Shitcoins, which have the possibility of very large profits, yes, even though the chances are also very small, I believe that every possible profit will be proportional to the level of risk involved, so it is very worth it whatever our choice.

Pejoh Asu

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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?

Trading bitcoin is indeed safer than altcoins, I often trade altcoins and the results are disappointing, small price fluctuations of around 1 to 5 percent are ideal for making a profit from trading bitcoin, while fluctuations in altcoins which can reach tens or even hundreds of percent are like a roller coaster.

noormcs5

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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 think that you need to first learn the trading because even if you do trading in Bitcoin or altcoins you will lose money in case you are not familiar with the price action and all the trading methodology.

Yes if you want to invest then you should only invest in bitcoins but I think if you are a experience traders altcoins trading can give you more profit as compared to Bitcoin trading because there is more fluctuation in the prices of altcoins as compared to the Bitcoin.

So final wordings, long term investment go for Bitcoin and short term trading go for altcoins.

BlackBoss_

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Quote from: hugeblack on October 01, 2023, 05:43:38 AM

Long-term trading with altcoins pairs is considered useless in the long term and may cause losses, so it is better to limit your trading in altcoins to medium- and short-term trading.If you are a professional, short-term trading over limited periods may be profitable and make you earn more Bitcoin, but the greater the risk, the greater the profit, the less security, and the greater the possibility of losing your currencies.

Altcoins mostly lose their values with time and with scam altcoins, they are useless in utility so they don't actually have value when they were created. Trading with altcoins is risky in long term because a scam coin can die anytime. Trading and don't think it will die tomorrow is terrible thinking of altcoin traders.

Investing in altcoins long term is terrible but trading them can bring nightmare to traders too. Terra with LUNA, UST, FTX exchange with their token FTT are latest examples for nightmare with altcoins and they even used to be top altcoins.

Quote

Therefore, if you have sufficient experience, I suggest that you risk 10%, if you try to avoid risks just invest in Bitcoin and avoid trading.

10% for altcoins and trading altcoins is still too much with me. I would like to use only 2% to 5% of my fund for altcoins and very small of them for altcoin trading.

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Quote from: _Hiloveua_ on October 10, 2023, 08:20:34 AM

I agree with you, trading in altcoins is not a problem but in my opinion trading in altcoins is risky. However, the benefits of trading in altcoins are high. On the other hand, there is some risk in trading in Bitcoin. Every time I trade the initial profit is very small. But keep one thing in mind while trading in altcoin, once the price goes down then the price doesn't go up again. And if the price increases then it takes a long time, this is a big problem for altcoin. On the other hand, trading in Bitcoin can be done without any problems. But I recommend to trade in these two types. Because I trade in altcoin most of the time.

I think not all coin trading is without risk. There are good and strong projects in altcoin with not much risk in trading. There is not much risk involved in trading in Bitcoin, but it will require a large amount of capital to trade, as a trader with low capital cannot make any significant profit in trading given the price of Bitcoin.

In altcoin, once the price goes down, it takes time to rise again, but this is not the case with all altcoins, but there are coins in which the volatility is high, and within a short period of time good profit can be earned based on your experience and expertise, but in such coins the profit can be very good but the risk of loss is also very high. Such altcoins should never be traded without a stop loss.

bettercrypto

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I am not an expert individual trader in cryptocurrency. But it's not only Bitcoin that can make a profit; let's face it, that's the truth. Yes, it's true that the risk is higher when trading in altcoins, but that doesn't mean we can't make a profit in altcoins or cryptocurrency.

For example, in my daily trade, I get more profit in altcoins than in Bitcoin, so it cannot be said that I only focus on Bitcoin trading to get profit, because if that is true, then the other altcoins in the crypto market would not exist. already. It's not right to say that all cryptos can generate earnings; it just depends on how we do it and on the knowledge we have in trading as well.

DVlog

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Quote from: hugeblack on October 01, 2023, 05:43:38 AM

Long-term trading with altcoins pairs is considered useless in the long term and may cause losses, so it is better to limit your trading in altcoins to medium- and short-term trading.If you are a professional, short-term trading over limited periods may be profitable and make you earn more Bitcoin, but the greater the risk, the greater the profit, the less security, and the greater the possibility of losing your currencies. Therefore, if you have sufficient experience, I suggest that you risk 10%, if you try to avoid risks just invest in Bitcoin and avoid trading.

I agree with you that most of the altcoins are useless and scams. Their business model and tokenomic are crap. But there are some projects that offer real revenue for their investors. Those protocols share their profits with their investors or use them to buy back and burn their tokens from circulation. That's why few projects show substantial growth even in the bear market.

The risk tolerance idea is great that we should not risk 10% of our total portfolio in the altcoin. It's high risk high reward scenario so being greedy can cause us financial damage.

_Hiloveua_

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Quote from: bitterguy28 on October 10, 2023, 06:21:29 AM

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?

there is no wrong in trading altcoin but make sure that you completely understand that coin and you know the risk.
I am Holding Bitcoin instead of using in trading , and yes there comes along with a little altcoins.
really? for 2 years never that you lose in Bitcoin trading? instead just when you are using altcoins?that is simply amazing of you.

I agree with you, trading in altcoins is not a problem but in my opinion trading in altcoins is risky. However, the benefits of trading in altcoins are high. On the other hand, there is some risk in trading in Bitcoin. Every time I trade the initial profit is very small. But keep one thing in mind while trading in altcoin, once the price goes down then the price doesn't go up again. And if the price increases then it takes a long time, this is a big problem for altcoin. On the other hand, trading in Bitcoin can be done without any problems. But I recommend to trade in these two types. Because I trade in altcoin most of the time.

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