Trading altcoin and holding bitcoin which one is more profitable? - page 20.

aardvark15

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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 ?

It depends on how well you do with altcoin trading. If you know what you are doing and you get lucky sometimes, you could make some good profits with trading.

You can also probably do fine if you just buy and hold Bitcoins. Its also a lot easier to just hold because trading is a lot of work if you do all the research and follow the charts every day.

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Quote from: South Park on September 08, 2017, 01:12:51 PM

Quote from: Ayiranorea on September 06, 2017, 01:02:08 PM

Quote from: jagdeepjd on September 06, 2017, 12:48:34 PM

I think trading altcoin is more profitable if you know what you are doing .I personally trade altcoins and at the moment i am all in altcoins just few btc.

Altcoins might be profiting big, but bitcoin gives an assurance or an trust for the holding amount. Majority of the users make an good earning through altcoins and hold those earnings for long term usage in the form of bitcoin. So both were mutually important for a bigger profiting.

Correct, alts are great money makers but are not the best when it comes to storing your wealth long term since most coins disappear after a few years but bitcoin is the first crypto and it is still here so that gives confidence to investors that bitcoin is not going to disappear overnight.

Right bitcoin has been standing strong ever since digital currency was announced and opened. I have also read that despite the may issues that bitcoin had in the past, it has overcome it and have reigned and gain higher intention because of that. Many people are using it but still there are many people who don't know about it.

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Quote from: Ayiranorea on September 06, 2017, 01:02:08 PM

Quote from: jagdeepjd on September 06, 2017, 12:48:34 PM

I think trading altcoin is more profitable if you know what you are doing .I personally trade altcoins and at the moment i am all in altcoins just few btc.

Altcoins might be profiting big, but bitcoin gives an assurance or an trust for the holding amount. Majority of the users make an good earning through altcoins and hold those earnings for long term usage in the form of bitcoin. So both were mutually important for a bigger profiting.

Correct, alts are great money makers but are not the best when it comes to storing your wealth long term since most coins disappear after a few years but bitcoin is the first crypto and it is still here so that gives confidence to investors that bitcoin is not going to disappear overnight.

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Quote from: Meowth05 on September 08, 2017, 08:30:40 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 ?

Both trading and holding your bitcoin is profitable but the difference is holding your btc will takes time in order for you to gain profit while in trading you gain within an instant profit especially if the coin you were trading is in pump. Regarding to the risk trading is more risky compared in holding because in trading is unpredictable job so you must keep updated in the market.

I totally agree with that. I have been trading and I have noticed and experienced the things you have mentioned. But I also want to add that there are times where trading altcoin is profitable but will also take time just like holding bitcoin. Altcoins are more likely to suffer a sudden pump and dump compared to bitcoin. I have also noticed that a little difference in the market price of altcoin have a huge different in price.

richjohn

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If you understand altcoin market, then no other asset can give you better returns. In matter of days you can earn more than 1000% return. But with altcoin comes the huge risk. On the other hand Bitcoin is way too less risky than altcoins but with somewhat lesser returns. Your investment might give 1000% returns but it will take longer time upto a year or so.

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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 ?

Both trading and holding your bitcoin is profitable but the difference is holding your btc will takes time in order for you to gain profit while in trading you gain within an instant profit especially if the coin you were trading is in pump. Regarding to the risk trading is more risky compared in holding because in trading is unpredictable job so you must keep updated in the market.

Kevin77

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Quote from: South Park on September 07, 2017, 11:54:16 AM

Quote from: davids on August 31, 2017, 10:47:46 PM

Holding bitcoin is a good thing right now but not necessarily risk free, bitcoin prices can drop suddenly as the last few weeks have increased and in the same time you can trade in altcoin to make a profit. both are profitable but have different levels of risk

Holding bitcoin becomes less and less risky the longer you hold, do you think that those got bitcoin basically free care if the price of bitcoin falls from 4500 to 2500 they lost money but they still have massive profits, when bitcoin reaches a price in which is almost impossible to fall back to the price you bought then you are going to stop worrying about your investment.

Well mate, if we compare "trading" and "holding" then obviously trading can give more profit in less time, assuming that trader is a skilled one whereas holding requires time to get huge profits. But if we compare bitcoins and altcoins in any way, obviously bitcoin will win as you said.

byteball

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In the long run, what important is not to be wiped out.
By holding Bitcoin (with all necessary security precautions) you will not.
By trading altcoins, you have a chance to.

In the very long run it doesn't matter if you doubled your capital in BTC terms or halved - important is that it didn't go to zero. So play with altcoins all you like but just don't get wiped out.

lukmandog

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Trading faster provides growth over the btc we have. If we have understood, trading is very time efficient. As we are optimistic on altcoin that has a bright prospect, surely we will not experience disappointing results.

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Quote from: Ayiranorea on September 06, 2017, 01:02:08 PM

Quote from: jagdeepjd on September 06, 2017, 12:48:34 PM

I think trading altcoin is more profitable if you know what you are doing .I personally trade altcoins and at the moment i am all in altcoins just few btc.

Altcoins might be profiting big, but bitcoin gives an assurance or an trust for the holding amount. Majority of the users make an good earning through altcoins and hold those earnings for long term usage in the form of bitcoin. So both were mutually important for a bigger profiting.

Trading altcoins profitable but the risk is high. Sometimes we will get big loss in altcoin trading. You have full knowledge on altcoins then enter altcoin trading or else better save your bitcoins for a long time. Suppose if you invest in any shit coins you will lose your investment. So safe method is collect bitcoins and hold it.

South Park

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Quote from: davids on August 31, 2017, 10:47:46 PM

Holding bitcoin is a good thing right now but not necessarily risk free, bitcoin prices can drop suddenly as the last few weeks have increased and in the same time you can trade in altcoin to make a profit. both are profitable but have different levels of risk

Holding bitcoin becomes less and less risky the longer you hold, do you think that those got bitcoin basically free care if the price of bitcoin falls from 4500 to 2500 they lost money but they still have massive profits, when bitcoin reaches a price in which is almost impossible to fall back to the price you bought then you are going to stop worrying about your investment.

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Quote from: jagdeepjd on September 06, 2017, 12:48:34 PM

I think trading altcoin is more profitable if you know what you are doing .I personally trade altcoins and at the moment i am all in altcoins just few btc.

Altcoins might be profiting big, but bitcoin gives an assurance or an trust for the holding amount. Majority of the users make an good earning through altcoins and hold those earnings for long term usage in the form of bitcoin. So both were mutually important for a bigger profiting.

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I think trading altcoin is more profitable if you know what you are doing .I personally trade altcoins and at the moment i am all in altcoins just few btc.

South Park

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Quote from: rockyboy on September 01, 2017, 04:30:02 AM

Quote from: ankylotic on September 01, 2017, 04:18:06 AM

Quote from: davids on August 31, 2017, 10:47:46 PM

Holding is a good thing right now but not necessarily risk free, prices can drop suddenly as the last few weeks have increased and in the same time you can trade in altcoin to make a profit. both are profitable but have different levels of risk

not only bitcoin but i am looking forward for other cryptocurrency as well for the long term to invest in it. i think there are also a lot of coin who has agreat potential to gives a huge profit to the investors and are really very good project to watch and invest and will be able to be more profitable than bitcoin in future iam looking forward to them as well.

Both are profitable but it depends on time or in the situation and price as well. Check out the coins and manage your investment wisely. Your skills can determine what to do in every situation to gain more profits.

Correct you need to try to determine which are better to hold bitcoin or altcoins, this period was great for bitcoin but I think we are about to see the moment of altcoins, so if you can hold for some time it could be a good idea to buy altcoins since many of them are very cheap compared to a few months ago.

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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 ?

The both of them are profitable, it all depends on your investment instincts, you could make money from any crypto its just about knowing when to enter and when to exit that’s when you can get the best out of the market.

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Quote from: twicezeroiszero on September 02, 2017, 07:20:43 AM

Quote from: rockyboy on September 01, 2017, 04:30:02 AM

Quote from: ankylotic on September 01, 2017, 04:18:06 AM

Quote from: davids on August 31, 2017, 10:47:46 PM

Holding is a good thing right now but not necessarily risk free, prices can drop suddenly as the last few weeks have increased and in the same time you can trade in altcoin to make a profit. both are profitable but have different levels of risk

not only bitcoin but i am looking forward for other cryptocurrency as well for the long term to invest in it. i think there are also a lot of coin who has agreat potential to gives a huge profit to the investors and are really very good project to watch and invest and will be able to be more profitable than bitcoin in future iam looking forward to them as well.

Both are profitable but it depends on time or in the situation and price as well. Check out the coins and manage your investment wisely. Your skills can determine what to do in every situation to gain more profits.

Sometimes, you should check again your emotion when trading and other trader on market.
With young market like cryptocurrency market now, strategy control emotion of trader is one of strategy of whales usually use and the benefit very well.

Emotions play vital role in decision making and these whales know very well about human psychology especially behavioral one. They always try to pressurize new traders so that whales can take advantage of them. We really need to understand their strategies by cool minds to stay safe in the crypto ocean.

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profitability depends on you techniques, trading altcoins to accumulate bitcoin, since altcoins have higher risk. but bitcoin you can hold for long terms.

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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 ?

There is no doubt that the bitcoin is more profitable than altcoins. I can say that I am now rich because of the bitcoin. I invested all of my money when the price of the bitcoin is still $1100 and now the price is almost $5000. Bitcoin is more profitable than altcoins.

GeniusAko

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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 ?

For me, trading altcoin is more profitable than holding bitcoins. Sometimes I do day trade and I earn many bitcoins because of the day trading. Many altcoins nowadays are very profitable.

Ferris419

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Quote from: MrBitter on September 03, 2017, 09:36:49 AM

Sure holding Bitcoin in your wallet may increase your profit as long as the price of Bitcoin keeps rising, but i think that trading alts may be more profitable provided that you know what you're doing

Both methods are good to make profits as holding bitcoin is always profitable as price keeps on increasing so once it reaches to your target price you can sell and collect the profits and meanwhile you can also go for altcoin trading to make regular profits which will also multiply the number of coins in your wallet.

Topic: Trading altcoin and holding bitcoin which one is more profitable? - page 20. (Read 13624 times)