Topic: Trade only Bitcoin - page 9. (Read 1245 times)
I agree with you that trading in Bitcoin is safe. Alt coins are very risky. But I think trading is totally skill dependent. There are many people who have profited a lot by trading in alt coins. There are many people who trade in alt coin and lose everything. But bitcoin is very reliable in this case. Many people think that alt coin has a lot of risk as well as a lot of profit. Trading is always dependent on skill. If one wants to start trading, he should focus on improving his skills. But Bitcoin is the best for trading when you want a secure ecosystem.
Buddy, as a trader, I really won't suggest you trade Bitcoin trader is not like a Hard fan of Bitcoin accumulation, a trader chooses the market and enters to gain profits but for the Bitcoin accumulators, Profit is not the only priority they mostly prioritize the amount of Bitcoins. By just trading Bitcoin a trader will lose a lot of significant factors of risk management such as diversification, position sizing & a lot more. Also, Bitcoin alone cant provide enough space and swing from traders to complete its lowest targets, (It depends on the market developments directly related to Bitcoin).
A wider range of the market pairs brings wider opportunities as well, where Obviously the much strict risk management is required still by adapting more pairs a trader can really move one very sort of market scenario due to enough volatility, Shitcoins is obviously out of this discussion. As for traders as well I do never suggest trading with them. So in short what traders really need to hit their targets requires a controlled list of market pairs into Only Bitcoin.
In Inverting Opportunities and Long-term accumulation, Obviously, Bitcoin stands alone.
A wider range of the market pairs brings wider opportunities as well, where Obviously the much strict risk management is required still by adapting more pairs a trader can really move one very sort of market scenario due to enough volatility, Shitcoins is obviously out of this discussion. As for traders as well I do never suggest trading with them. So in short what traders really need to hit their targets requires a controlled list of market pairs into Only Bitcoin.
In Inverting Opportunities and Long-term accumulation, Obviously, Bitcoin stands alone.
Altcoins have their own internal fundamental effects generated by their team or company. This is the main influence of their prices rather than global market conditions, it also contributes excessively to volatility and can even go against the grain of the trend.
when it comes to cryptocurrency, trade only Bitcoin.
This has been done by many people, I think the average person who trades in crypto, Bitcoin is the main choice, Altcoins if there are maybe not many, but the rotation is slow, there is no doubt that Bitcoin is the right choice to trade, maybe I don't deny that.Trading volume in the crypto market today Bitcoin is top, the graph that plays in every second and minute is just Bitcoin is perfect, price changes are also so, Alt for me is not a good alternative for trading, I'm sure if you think that Bitcoin is your choice in crypto trading, clearly have no doubt that you can achieve good results.
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?
Unfortunately, people's mindset is to earn more profit when trading and so they prefer to use altcoins instead of Bitcoin. I can't deny that and I have to admit that was really happened to me. I'd try trading using Bitcoin first and I try altcoins after because someone told me to do it and was a surprise that altcoins sometimes make you earn more when you get lucky especially when it is hype. I can say that there is a big difference when using Bitcoin and not to wonder why most traders choose altcoins while holders choose Bitcoin. 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 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?
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 we are to go by this your analysis, then no one will be losing in trade. Obeying market structure means that a coin must always move according to trend which I can confidently say it's not always the case in crypto and bitcoin is not excluded. By the way, trading is beyond a coin obeying market structure. In my opinion, altcoins are the best when it comes to instant trading and taking profits but when it comes to investment, bitcoin is second to none. It just depends on trader's experience and skills. Bitcoin trading actually has less risk and by implications has less profit and require patience. Altcoins can give you high profit as it is also highly risk. After all, it is about what work for everyone.
There is no harm in trading altcoins, especially since we know many altcoins have the potential to give us profits. But trading requires further analysis to find the right altcoin and it's not easy. With so many altcoins on the market, it can make us tempted to try trading altcoins. But when you don't have better analytical skills, you might find it difficult to choose the altcoin.
But if you prefer to trade Bitcoin, that's okay because each trader's choices will definitely be different. Moreover, we don't have the same trading capital so we need to adjust it to our choices. But whatever it is, if you want to trade, you have to make sure you have good analytical skills to find the right time to trade.
In trading Bitcoin, you have to be more patient because currently, Bitcoin movements are not too much so you have to wait to determine when to enter and exit the market. That is different from altcoins, which have rapid price changes so the risk will be greater. You must understand this in trading.
But if you prefer to trade Bitcoin, that's okay because each trader's choices will definitely be different. Moreover, we don't have the same trading capital so we need to adjust it to our choices. But whatever it is, if you want to trade, you have to make sure you have good analytical skills to find the right time to trade.
In trading Bitcoin, you have to be more patient because currently, Bitcoin movements are not too much so you have to wait to determine when to enter and exit the market. That is different from altcoins, which have rapid price changes so the risk will be greater. You must understand this in trading.
if you have a lot of capital to trade. Go ahead, I'm sure even at the current price which is still at least 50% below the ATH, Bitcoin is still very expensive, even very few of us own one Bitcoin. If we invest there, of course the movement will take a long time based on the number of Bitcoin holders now. I don't think it's wrong to use other altcoins in trading. it will be much quicker to earn than having to trade with bitcoin only.
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.
Before you think trading can help you rich, you must think investing can help you rich.when it comes to cryptocurrency, trade only Bitcoin.
If you can not invest successfully, it means you are lack of discipline and patience. If you don't have those characteristics, you can not trade successfully. If you trade, you lose money so try with investing first and see how it works for you.
If you can invest successfully, you can try trading but it is harder than investing so no guarantee that you will succeed with trading.
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?
What exactly do you mean by "market structure"? You mean a certain pattern? Well, none of the crypto currencies follows that certain structure. Not even bitcoin. And that's why we say that crypto currencies are very volatile and unpredictable. But, yes, I do agree that bitcoin is less volatile when compared to altcoin, specially coins that are not well known. When trading bitcoin, there is less risk associated. Chances of you losing everything is low. But it doesn't mean that you won't lose anything. When trading altcoins , you will be taking more risk, but the profit is also higher when if you can take advantage of the volatility. But I wouldn't say alt coin trading/investing is gambling, unless you don't know what you are doing. 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?
Pretty much. Most alts are ponzi schemes because there are not enough people believe in these projects. So when an alt pumps to a ridiculous price, it dumps even harder because the whale that holds a big stake in the project dumps everything he has. They do that because they don’t believe in the future of the project. Bitcoin is not like that obviously. Since bitcoin is the first and the original cryptocurrency, even if some people dumps it, there will always be a strong support on the buying side. That doesn’t mean all alts are trash though. Some of them pretty decent but i still don’t see a reason to waste time on them.
Trading is not all about being right and making a profit.
It's about being a risk manager, controlling emotions, and understanding the bigger picture.
Trading is a lonely business, and we are our managers and should be monitoring ourselves.
For me, Bitcoin is savings, not for trading, because I don't trust banks.
I only trade good Alts, like Eth, BNB, etc
It's about being a risk manager, controlling emotions, and understanding the bigger picture.
Trading is a lonely business, and we are our managers and should be monitoring ourselves.
For me, Bitcoin is savings, not for trading, because I don't trust banks.
I only trade good Alts, like Eth, BNB, etc
(......)
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 clear because most of the altcoins just correlate with Bitcoin. That's why the trading volume on Bitcoin is extremely high it is the only trading pair right now that trading volume is high versus other altcoins. 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?
Some whales also mostly trade only Bitcoin pairs.
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?
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 must be done in Bitcoin because Bitcoin always goes up and down in the market. I see a lot of buying low and selling high. And you can rest assured when trading Bitcoin because its market will definitely go up in the future. Alt coins disappear from the market leaving traders completely destitute and empty portfolios.
For example, a few days ago, FTX and other coins disappeared from the market. There too I was busy investing some wealth and trading. So I have not faced any loss trading Bitcoin till date.
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?
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 that's how you looked between Bitcoin trading and Altcoin trading, you can stand your position with that.
But honestly, the majority don't have that same feeling as you as most traders not just deal with Bitcoin trading but also Altcoin trading. I don't know the reason why you ended up thinking that altcoin trading suc*s but maybe I will assume that before you are mostly driven by the hype by these altcoins and ended up being late in action and that results in you feeling disappointed and regret.
Well then, just do your very best at the stuff you have chose, which is Bitcoin trading.
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
Having losses to one's trading journey is very much normal , even profitable traders do have these...Secondly, the biggest mistake isn't that Altcoins don't obey market structure but it's the strategy and mostly trading all assets available out there such that you can not master their behaviour...to counter this bad habit as traders we need to limit ourselves to a maximum of 3 assets so that we get a better understanding of price moves and what external factors influence them the most and see your winning rate go up.
when it comes to cryptocurrency, trade only Bitcoin.
Bitcoin doesn't just give you profit, it gives you security, it obeys market structure
This obey market structure line is a no no no for me as this depends on the strategy and not the asset. If you can trade Bitcoin then you can trade anything, be it future's, currencies, etcetera...Bitcoin doesn't just give you profit, it gives you security, it obeys market structure
so my fellow traders, trade only Bitcoin, I don't know if anyone feel the same way?
Ummh sometimes yes, especially that it reacts well to news and Musk stories... 
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,
If trading only bitcoin for you works then that's how you should keep with. But if you're encouraging people to trade what works for you, that's also fine but you'll not know what works for them perfectly. So, if trading altcoin/bitcoin and other tradable assets in the market works for them, then they have to keep with it as well.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 feeling is mutual when you trade with Bitcoin but it's just that we're more confident doing it because we all know that Bitcoin is the king of the market, right? Maybe it's just you that's feeling this way. 
It's hard to figure out trading only with Bitcoin, since it has a higher value compared from the last 5 years. So, the only options I got was to invest with altcoins but there's no greater assurance to acquire huge profit because it's more volatile than bitcoin.
Many projects link with different tokens, has a bad reputation due to scammers took advantage with the ico projects and several so called legit platform that don't exist in the market.
Much better, it we only focused with bitcoin while the value was cheaper instead of having some alternatives that has no assurance in the future.
Many projects link with different tokens, has a bad reputation due to scammers took advantage with the ico projects and several so called legit platform that don't exist in the market.
Much better, it we only focused with bitcoin while the value was cheaper instead of having some alternatives that has no assurance in the future.
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?
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's just that maybe you are not used to trading altcoins. You can't just come here and advise anyone to only trade Bitcoin.
I disagree that the biggest mistake of traders is trading altcoins. You should already expect that most altcoins don't obey market structure like you are saying because from the start crypto is too volatile and most altcoins are driven by the hype. It's not wrong to get carried away by those altcoins as long as you know what you are doing.
Simple and basic, if you don't know how to trade altcoins, then don't touch it until you gain knowledge.
If you are already satisfied with trading Bitcoin, then just continue what you are doing.
The volatility of each coin varies, with Bitcoin having the lowest volatility. Trading simply Bitcoin would be preferable if you wanted to trade more safely, but the potential gain would be lesser than with altcoins. Trading alternative coins is the only way to increase your chances of receiving a significant reward, but since alternative coins are very volatile, you must be careful with your trades and it is wise to increase the size of your stop loss because volatile coins are more vulnerable to manipulation. Before you trade, you must screen a coin and backtest it.
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