Trading altcoin and holding bitcoin which one is more profitable? - page 13.

wizmo

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Quote from: Bagaji on August 14, 2017, 03:54:51 PM

I have come to realize in recent time that holding bitcoin in ones wallet is more profitable and a little bit risk free as compared to trading altcoin or what do you think ?

Trading altcoin = quick profit, Holding bitcoins = long term profit. Altcoin trader make very large sum of money and yeah altcoin trading is very risky while bitcoin holding is risk free and profitable at the same time that's why newbie needs to stick with hold bitcoins than trading altcoins.

Altcoin trading requires market research and they should know the potential market for the particular coin so I believe trading is not for everyone.

Monnt

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Quote from: hridoyb on October 20, 2017, 01:51:56 AM

Quote from: andreboaz on October 20, 2017, 01:33:45 AM

Bitcoin remains to be the top cryptocurrency and all other altcoins want to be like bitcoin. The trust of the community makes bitcoin a very stable currency to hold with long term profits evident even from this year's rise alone. I'd rather hodl as much btc than trade in altcoins I am not sure about.

Yes hold is gold .Bitcoin price already hit near 6000$ after this year it will be 8000$ .SO i think bitcoin is better than altcoin.

Bitcoin's price hitting $6000 and most of the altcoins reducing makes sometimes hodling more profitable.
I lost so much from the trading of altcoin recently since I was holding so many of them and did not dump quickly. I could have held on to them but would not want to take the chance of further dump and good I made that decision. If I did hold my coin in BTC, I would have had more in value but it is just one of those things.

finity

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I hold maximum bitcoins in my wallet and invest a part of it in different altcoins looking at the news and doing my own research by going through the price charts as I think to multiply your profits you need to do both and cannot rely only on single method to make money.

PokerFace3

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Quote from: ramsdaj28 on October 20, 2017, 01:42:24 AM

Quote from: Bagaji on August 14, 2017, 03:54:51 PM

I have come to realize in recent time that holding bitcoin in ones wallet is more profitable and a little bit risk free as compared to trading altcoin or what do you think ?

That depends if the owner/user wants to earn more or earn small. If you are really dedicated to do earn more money, then trading altcoins is better. Holding bitcoin is not always profitable compared to trading altcoins since the value of bitcoin doesn't always rise up. You also don't have the control over your earnings from holding bitcoin in your wallet unlike in trading wheree you can do a lot of thing on your altcoins. Holding is good if a crypto is on its way up, but for most cases, trading altcoin is still more profitable and safer.

Most times in cryptocurrency, the more the risk, the better the profit. Usually, holding comes with lesser risk since all you have to do is watch the value grow in your wallet and for those who do not want to go the altcoin way, it is still ok. However, trading alts, increases your coin, not the value, which means as your coin is increasing, the value is increasing as well but not that simple. Cause the same way your coin can increase, is the same way it can reduce in value.

aldrian09

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Quote from: Ucy on October 13, 2017, 12:25:21 PM

Trading Altcoin is more profitable but why not go for both for the sake of diversifying your portfolio. Always great to include a better & more stable Cryptocurrency to your holdings

I diversify my money not just because for the sake of diversifying but I believe that this is the best way and most effective way of gaining more profit that putting everything in one basket.

MMS2017

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I think trading of altcoin and holding of bitcoin both are better. If we differentiate in these both lite coin is new emerging currency I think we should change our priorities. For a good future we should take the option of trading instead of holding bitcoin because it will grow in the future and we will trade this currency.

alfs75

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Quote from: Bagaji on August 14, 2017, 03:54:51 PM

I have come to realize in recent time that holding bitcoin in ones wallet is more profitable and a little bit risk free as compared to trading altcoin or what do you think ?

I think's the two of them is significant in terms of trading.altcoins and bitcoins these two have a great responsibility,not because its alcoins you can trade it easily or it is bitcoin you can hold it,its better that you trade this two or hold it in times of hardfork comes or either the value turns down or up.

FLoving

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Quote from: andreboaz on October 20, 2017, 01:33:45 AM

Bitcoin remains to be the top cryptocurrency and all other altcoins want to be like bitcoin. The trust of the community makes bitcoin a very stable currency to hold with long term profits evident even from this year's rise alone. I'd rather hodl as much btc than trade in altcoins I am not sure about.

Everyone here is giving their opinion about one at a time, either bitcoin or altcoin. Don’t you think it would be amazing if we combine both in our business? It means, you buy bitcoins and hold them for better profits. Likewise trade in altcoins as they don’t involve time taking decisions. So better is to trade in altcoins and then sell them for bitcoins to buy more bitcoins and hold them.

hridoyb

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Quote from: andreboaz on October 20, 2017, 01:33:45 AM

Bitcoin remains to be the top cryptocurrency and all other altcoins want to be like bitcoin. The trust of the community makes bitcoin a very stable currency to hold with long term profits evident even from this year's rise alone. I'd rather hodl as much btc than trade in altcoins I am not sure about.

Yes hold is gold .Bitcoin price already hit near 6000$ after this year it will be 8000$ .SO i think bitcoin is better than altcoin.

ramsdaj28

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Quote from: Bagaji on August 14, 2017, 03:54:51 PM

I have come to realize in recent time that holding bitcoin in ones wallet is more profitable and a little bit risk free as compared to trading altcoin or what do you think ?

That depends if the owner/user wants to earn more or earn small. If you are really dedicated to do earn more money, then trading altcoins is better. Holding bitcoin is not always profitable compared to trading altcoins since the value of bitcoin doesn't always rise up. You also don't have the control over your earnings from holding bitcoin in your wallet unlike in trading wheree you can do a lot of thing on your altcoins. Holding is good if a crypto is on its way up, but for most cases, trading altcoin is still more profitable and safer.

andreboaz

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Bitcoin remains to be the top cryptocurrency and all other altcoins want to be like bitcoin. The trust of the community makes bitcoin a very stable currency to hold with long term profits evident even from this year's rise alone. I'd rather hodl as much btc than trade in altcoins I am not sure about.

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Quote from: Bestwishes745 on October 19, 2017, 06:01:54 PM

Quote from: XCANA on October 13, 2017, 10:14:29 AM

When you talk of profitability as far as I believe trading in more profitable as compared to holding altcoins, although there are a lot of challenges when it comes to trading in crypto currency. It Is easy and more profitable for those who are good in trading crypto currency and very risky for those who don't know how to trade. But I will like to recommend holding Bitcoin for those who don't know how to trade and trading for those who how to trade crypto currency.

It totally depends on the user how he want to make money trading needs the user determination as well as more skills but holding is best because there is no such thing one has to do with his coin simply buy and do nothing and wait for the right time to struck to achieve good piece of profit and this wy is more beneficial for those who are doing part time in crypto.

Some people have the instinct in dealing with alts. It's definitelt easier to just buy and hold bitcoin than day trading with alts. But for those that can actually do it, it's faster in generating profits. You'd have to be steady because the movements of alts are more volatile than btc

Bestwishes745

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Quote from: XCANA on October 13, 2017, 10:14:29 AM

When you talk of profitability as far as I believe trading in more profitable as compared to holding altcoins, although there are a lot of challenges when it comes to trading in crypto currency. It Is easy and more profitable for those who are good in trading crypto currency and very risky for those who don't know how to trade. But I will like to recommend holding Bitcoin for those who don't know how to trade and trading for those who how to trade crypto currency.

It totally depends on the user how he want to make money trading needs the user determination as well as more skills but holding is best because there is no such thing one has to do with his coin simply buy and do nothing and wait for the right time to struck to achieve good piece of profit and this wy is more beneficial for those who are doing part time in crypto.

VenceyBit

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Quote from: rachelia13 on October 18, 2017, 05:46:24 PM

Quote from: Bagaji on August 14, 2017, 03:54:51 PM

I have come to realize in recent time that holding bitcoin in ones wallet is more profitable and a little bit risk free as compared to trading altcoin or what do you think ?

I agree with you, bitcoin holding is more profitable than altcoin trading because bitcoin prices always go up even if we buy at high prices though, and I also prefer to hold bitcoin instead of altcoin trading, I only do altcoin trading to add my bitcoin when I buy bitcoin in the price is expensive and does not show any movement up or down

I beg to disagree, but altcoin trading is very profitable as long as you trade carefully. Lets say you start to trade alt with 0.1btc and within a year you made 1bitcoin so you gain 0.9btc. If you hold your 0.1 btc on your wallet? I say you do both and make more btc.

rachelia13

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Quote from: Bagaji on August 14, 2017, 03:54:51 PM

I have come to realize in recent time that holding bitcoin in ones wallet is more profitable and a little bit risk free as compared to trading altcoin or what do you think ?

I agree with you, bitcoin holding is more profitable than altcoin trading because bitcoin prices always go up even if we buy at high prices though, and I also prefer to hold bitcoin instead of altcoin trading, I only do altcoin trading to add my bitcoin when I buy bitcoin in the price is expensive and does not show any movement up or down

Jessica2009

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Once you have got bitcoin we can benefit by holding. we have to make sure that our wallet is secure.Bitcoin go up in value due to the scarcity.Bitcoin is often referred to digital gold,there is a large tendency for all human to get something that is in short of supply and bitcoin is the first global currency that is not controlled by bank or government.Altcoin is most likely to lose value over the long run,Altcoin tend to be better market to trade than to invest.if we hold altcoin for a long term it may or may not lose, because of this uncertainty I prefer not to keep holding altcoin.

zanezane

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I think both are profitable to do.
Trading with altcoins can be a short term and long term profit, it's actually depends what kind of trader are you.
While holding bitcoin is alwaya profitable because the price increases every now and then and the more bitcoin you hold the higher the chance of having a lot of profit.

Karen23

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Both are profitable it depends on the market price. If you have bitcoin bought at $1000 dollars you now had a very huge profit. There are also altcoins that are good to trade since they are still low but do not trade all because it still can go high especially if the project is good.

SirLancelot

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Quote from: Ucy on October 13, 2017, 12:25:21 PM

Trading Altcoin is more profitable but why not go for both for the sake of diversifying your portfolio. Always great to include a better & more stable Cryptocurrency to your holdings

Holding bitcoin is more profitable. If someone wants to earn profits from trading, the first condition is that the asset being traded must increase in price quickly. However, no altcoin shows fast progress in prices. Simply holding onto bitcoin for few weeks can give more money than trading altcoins. Trading bitcoin is actually the best but a lot risky as bitcoin is very valuable.

mozillaspez

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Quote from: Ewinsane on October 08, 2017, 01:44:55 PM

Quote from: yvesp110 on October 06, 2017, 12:09:17 PM

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Both are profitable.but I like to do altcoin trade.its gives me much profit instead of holding bitcoin.last month i earned about $400 from Monaco trading.its only possible for altcoin trade.I am a crypto trader so i like to do altcoin trade mostly instead of bitcoin holding.

In order to earn a good amount of profit from altcoin trading, the person must have a great amount of a particular altcoin also. Otherwise, holding one or two monaco cannot give that big a profit within a month. However, if a person had bought a bitcoin last month when the price was 3200 dollars and hold it for a month, he would have earned a profit of almost 1100$. If a person does not have good trading skills or is a lazy one, hodling is better.

Sure! Trading cannot always be for everyone cause there are normally some attributes every trader must have even before learning and after learning, if those attributes are not there, then it will be hard to practice.

For example, I always say it that a very greedy person cannot trade no matter the lessons they have learnt it just cannot work and also an extremely emotional person cannot even try it. To learn is easy honestly, cause there are so many materials online to make a prospectus trader get on quickly but something must just be in place.

Greedy people actually holding means they are investing there coins and hold there coins for a long while which is positive thing in bitcoin while if greedy people in real life then we should not consider them with bitcoin relations.

Topic: Trading altcoin and holding bitcoin which one is more profitable? - page 13. (Read 13624 times)