Trading altcoin and holding bitcoin which one is more profitable? - page 22.

passivebesiege

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Quote from: davids on August 31, 2017, 11:47:46 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

For me trading altcoin is more profitable if you know what and where and when to trade for the said coin.Though its quite risky but enough knowledge and research is a great advantage.. Holding bitcoin is a safest way for me to earn, you just hold and wait for the value to increased. But sometimes I got bored with this style.

Babyjamz3026

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Quote from: Bagaji on August 14, 2017, 04:54:51 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 are profitable, and most often trading altcoin is the one also give us a chance to have bitcoin into our BTC wallet addres. Then once we had bitcoin we still have a chance to hold it in a long term. But still up to you how you gonna manage it, good day Wink

davids

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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

Sled

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Quote from: FrueGreads on August 31, 2017, 11:48:10 AM

Right now, just holding bitcoins is by far the most profitable thing I've ever done. Of course if I was good at trading, that would be even more profitable, because there are plenty of opportunities to get even more profit out of crypto. Of course trading is risky so in the end, it all depends on how good you are. For me just holding works great.

Holding is indeed a great thing to do because it is not risky because you are not using your bitcoin to trading or any place that includes risk and you are just waiting and holding your bitcoin for the price to go up higher than you expect but if you will study trading then you can make more profit because you can increase the amount of your bitcoin and also earn more value when the price goes up.

South Park

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Quote from: 27aume on August 29, 2017, 06:54:14 PM

Quote from: Bagaji on August 14, 2017, 04:54:51 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 ?

My opinion is that, yes Bitcoin is safer and profitable but I prefer to hold Altcoin seen they are more evolved to my eyes.
I see Bitcoin more as a memorial of where crypto-currency started.

Bitcoin is the starting point and the end point as well, bitcoin is our flagship currency, it is like the Titanic if it sinks then the reputation of all crypto currencies sink with it, the same way the sinking of the Titanic marked the end of the white star line.

ActiveP

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Quote from: Bagaji on August 14, 2017, 04:54:51 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 ?

You are right, this has been the trend in recent times. Day trading is a chore, holding simply makes life easier. Hopefully this trend will continue for a while yet.

FrueGreads

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Right now, just holding bitcoins is by far the most profitable thing I've ever done. Of course if I was good at trading, that would be even more profitable, because there are plenty of opportunities to get even more profit out of crypto. Of course trading is risky so in the end, it all depends on how good you are. For me just holding works great.

ahtremblay

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it's hard to say. but in my opinion I think if u have little money u should hold. it more profit. and with people have much money. they are whale. trading make more profit for them than anything

Dudeperfect

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Quote from: fearcoka on August 31, 2017, 01:56:18 AM

Quote from: Dudeperfect on August 31, 2017, 12:15:56 AM

There is no exact answer to this question. If someone is earning 1% (after calculating loss) a day from trading activity and at the same time if the price of Bitcoin is rising by 2% or 4% then he will be in a loss of 1% or 2%. On the other hand, if the price of Bitcoin is staying constant or even falling down by 1% or 2% in that case, one will be earning 4% a day. Thus it depends on how you are trading and the price level movement of your base currency.

Yeah, you will know your profit when you take your profit from Bitcoin to USD. On market, have many trader mistake this problems, they only trading altcoin/bitcoin and feel sad when the rate Bitcoin of their coin decrease while the rate USD increase everyday, LOL. Cheesy

Exactly, newbie traders have a misconception in their mind about the term gained profit and realisation of the profit. I have a friend who recently started investing in cryptocurrencies and he was having about 15% profit for his one-week old investment and he thought the profit will be added to his BTC balance but unfortunately (for him) Bitcoin gained momentum and he missed the ride of the Bitcoin rally as his capital was locked with the value of invested alt-coin. Thus if someone is willing to actually gain the profit earned by him then it is the best way to realise it (selling parts of investment at a specific interval of time).

Siren

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Quote from: Denov Setu on August 31, 2017, 01:31:09 AM

As my personal experience,, trading altcoins is definitely more profitable,, Bitcoin holding is meant for long-term investors who are not looking for days today fluctuations of assets price so I prefer to trading altcoins for quick profits (hopefuly)

Trading for me is profitable specially altcoins. You just have to understand and know what coins are being pump and go with the flow but exit early before being trap. As for bitcoin holding, it is also very profitable but you need to have a good amount of bitcoin to invest in the beginning to really see profit if the price suddenly spike today then sell some but left something in your wallet in case a new price increase comes along you can still profit without doing anything. But you also need to hold for long time before really seeing your potential profits in the future.

fearcoka

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Quote from: Dudeperfect on August 31, 2017, 12:15:56 AM

There is no exact answer to this question. If someone is earning 1% (after calculating loss) a day from trading activity and at the same time if the price of Bitcoin is rising by 2% or 4% then he will be in a loss of 1% or 2%. On the other hand, if the price of Bitcoin is staying constant or even falling down by 1% or 2% in that case, one will be earning 4% a day. Thus it depends on how you are trading and the price level movement of your base currency.

Yeah, you will know your profit when you take your profit from Bitcoin to USD. On market, have many trader mistake this problems, they only trading altcoin/bitcoin and feel sad when the rate Bitcoin of their coin decrease while the rate USD increase everyday, LOL. Cheesy

Denov Setu

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As my personal experience,, trading altcoins is definitely more profitable,, Bitcoin holding is meant for long-term investors who are not looking for days today fluctuations of assets price so I prefer to trading altcoins for quick profits (hopefuly)

mast3rm1nd

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to some degree Both can be done. if you know how to play the game right you can have the best of both worlds.

Dudeperfect

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There is no exact answer to this question. If someone is earning 1% (after calculating loss) a day from trading activity and at the same time if the price of Bitcoin is rising by 2% or 4% then he will be in a loss of 1% or 2%. On the other hand, if the price of Bitcoin is staying constant or even falling down by 1% or 2% in that case, one will be earning 4% a day. Thus it depends on how you are trading and the price level movement of your base currency.

entrepmind23

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Quote from: Bagaji on August 14, 2017, 04:54:51 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 ?

In my point of view, trading altcoin is more profitable than holding bitcoin because when I trade and have profit, I would have more amount of bitcoin than before thus the value of bitcoin also increase than just merely holding it. It is risky but then the higher the risk, the higher the reward and it would also depend on the person if he is a risk taker or not. I am willing to risk and I believe that if I practice more in trading and be more experienced then eventually I would be able to grasp the trading psychology in the market backed by technical and fundamental analysis as well.

When someone wanted its coins to be safe and almost risk-free then he can choose to just store it in his wallet for a long term investment because eventually, the value of its coins will grow since bitcoin's price is slowly climbing and from the positive reviews of experienced traders, the possibility of it getting higher in value is high.

VanDeinsberg12

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Quote from: notyours on August 30, 2017, 11:03:16 PM

If you have enough investment why you can not split the two.
You know those two that are profitable but you really need hard work and patience. So if you have skills in trading you will earn more. Because the hold of bitcoins is profitable to you only here if you have 5 BTC up.

The bitcoin will provide you the more guarantee about your investment, But altcoin provede instant profit just in some days after you are investing in the dip or bottom. It depends on the trader's needs.
The more profit and they should go to the altcoin and bitcoin just suitable for the longterm investment.

notyours

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If you have enough investment why you can not split the two.
You know those two that are profitable but you really need hard work and patience. So if you have skills in trading you will earn more. Because the hold of bitcoins is profitable to you only here if you have 5 BTC up.

South Park

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Quote from: shield132 on August 29, 2017, 03:37:58 PM

I think more profitable could be trading altcoin (but the riskiest one), so it isn't good idea because everything depends on altcoin and everything is 50/50. So I believe it's hard to see profit finally because you will loose more if you trade with some altcoins. Bitcoin is safest and great way, it's profitable if we hold it and that's clear from past experience and statistics.

Trading altcoins is not really for the novice I have always thought that people should start trading bitcoin and bitcoin only and only once they have mastered that and gotten profits then they can move to altcoins but since people see the great profits they can get in altcoins that is where they start and most of the time they get burned.

27aume

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Hi, i'm a pationed about cryptos and their symbol.

Quote from: Bagaji on August 14, 2017, 04:54:51 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 ?

My opinion is that, yes Bitcoin is safer and profitable but I prefer to hold Altcoin seen they are more evolved to my eyes.
I see Bitcoin more as a memorial of where crypto-currency started.

hridoyb

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Its depend on your mind .Bitcoin price increase and hope next its big pump.So hold your bitcoin and you will be sure profitable.But altcoin is hard to predict this.I was bought many coins deposit my bitcoin but all loses so i deside i am never invest on trade .I think trade need luck and hard working people.Now i am only hold bitcoin for long time. I am also love bitcoin because its not disapointed me.

Topic: Trading altcoin and holding bitcoin which one is more profitable? - page 22. (Read 13578 times)