Topic: What is better day trading BTC or altcoins? (Read 946 times)

Most new traders lose their risk money and quit. It takes a lot of time to find the alts that are breaking out and are decent trades. You can find a mentor to teach you, read the classic books on trading, or join a trading group run by an expert trader who shares buy and sell signals with members of the group. You also learn trading more quickly from reading comments by seasoned traders. There are some altcoins right now that are very tradeable. I can recommend the trading service run by klee here on the forum, see his thread for details. If you were in the trading group you would not have missed out on the recent gains in Monero and Ether for example.

first of all don't go all in with 70BTC start smaller and test things first.

second, it is hard to say. bitcoin is easier (still hard) to predict so it is easier to make a profit. but altcoins have more room to grow and give bigger profit.
so i think you have to decide on your own.


spread for sure. less risk of losing big time.

Altcoins are for day to day trading, the value can % different alot each day.
Bitcoins are for longer period trading, mayby weekly, although the % is lower, u can still profit good of it.

I would recommend investing in btc, because altcoins are much riskier, since the most of them are pump and dump coins.

Mini-Hijack:

To those who trade alts, do you prefer to spread out your investments over as many coins as possible, or do you concentrate on few or even one alt you know and are confident with?

BTC shouldn't be your first choice if you wanna day trade. It moves slowly but it's great for long term. If you have 70 BTC, stay away from altcoins unless you're ready to lose them all.

Take pen and piece of paper and make fake trades with no money until you get good idea of the market and what's good for day trading. You can also try one of those websites where you can lend money to other people and earn interest on it. that's safer than altcoins.

but if I was you, I would invest it on something else. Altcoins are very risky specially if you're noob.

I would avoid the ALT's.
If i had 70 BTC i would simply save them longer term or cash out some or all of them.
..depending on what you paid for your BTC.

I want to make a point.. TIME

Consider if BTC goes to a grand soon.. say because of "the halving" for example.
Will you have made more up until then trading ALT's ?

Having your money tied up is something to consider too.

People who say they made lots on Altcoins are supporting shit coins.
They are ALL simply profiting on their victims exactly like a Pyramid scheme.
There is no Altcoin with natural growth so this is irrefutable.

So that means the risk level with Altcoins is so high i don't know how to put it in words LOL

Your big profit is another guys lost money (he took out of his bank account)
And it also has a side effect..
When all of the whole entire altcoin scene turns into a giant scammy Pyramid scheme..
this has consequences.. it kills it dead!

Like a vicious cycle of Crypto getting a ruined reputation (and in turn poisoning the reputation of BTC)
As well as flushing the user toilet..
Meaning this system can not be sustained with out fresh blood constantly flowing in..
We need a larger amount of users showing up with cash in hand buying ALL Altcoins
or we have far more users who end up broke from the system and have no choice but to leave.

So your trading Altcoins can be simply self destructive to the entire scene.

Did you come here to "Support" some older coins longer term ?
NOPE.
You said which is better for me to profit from.. BTC or Altcoins.

I said years ago all along you all don't care and will milk this shit dead right to the last drop (Fiat cent)
The flood of profiteer users are killing Crypto and you guys couldn't care less.
I had never seen one user ever ask should i trade for profit ?
They show up saying how do i make money ?

But Where does your profit come from ?

I will point to the door and say make your own decision..
But there is consequences and you will be held responsible for them.

in my opinion is better for trading altcoins than bitcoins now.

Calling it "altcoin trading" is like calling russian roulette "lead futures".  There's no economic activity behind any of them so the price just fluctuates due to random whale whims.  It's a chicken and egg scenario, though.  What comes first, the market cap or the consumer market...

Since the end game of any distributed ledger is a clearing/settlement network, there's not much reason to leave BTC for some brief, termporary period of microtransaction capability on another chain that would vanish anyway.  The ironic thing is, the alt markets are not moved by people who have any knowledge about things like this.  The dumber you are, the more likely you will actually make money in the alt markets.

I'd say BTC trading is better, alts are too unpredictable, you can win OR lose a lot in a very short duration of time but having been said that, you already have a good stash, its better to just hodl it and aim for the profit in long run.

That's kind what I was thinking--however,  none of us knows if or when bitcoin will skyrocket.   It could go to the moon tomorrow.   But yeah, it certainly does look like all the money is these days being made in altcoins, even the completely shitty ones.  Try your luck but be careful.   It's really easy for a lot of these turds to lose 90% of their value overnight.

Altcoins, no doubt!

At least the last month. Bitcoin ain't moving much.

Bitcoin isn't moving much at the moment. Try alt trading, but only experiment with a tiny amount. i.e. of your 70BTC, I'd store 69btc in a cold wallet somewhere safe, and then do some experimental alt trading with the 1btc.

One of the downsides of alt trading is that the markets arn't very liquid. If you tried it with 70btc, you'd be crashing through buy orders and probably losing more than you gain.

Bitcoin wouldn't be so interesting for trading at the moment.

Alts are up and down like crazy at the moment, they are largely P&Ds, but there is money to be made trading them if you are willing to take a risk.

it is different from time to time.
right now making a profit from trading bitcoin daily is hard because it is somehwhat stable but it is not always this way.
but in alcoin market you can always find good cases to do your day-trading and make profit.

Thanks

As for me, Altcoins investments in more risky than cash in on Bitcoin trading.
Many people are busy with a fork Lisk honestly do not understand what they saw in it such, except frenzied collection ICO

Trading BTC on some big established exchanges is less risky, however the profit is also less lucrative. If you go for alts then use some bigger and more trusted exchanges like Poloniex or Bittrex. But as we recently seen in the case of Cryptsy even using the biggest and oldest exchange isn't a warranty against unexpected losses.

Hello all. I have a personal stash of around 70btc.

What is better risk/reward wise, trading btc itself, or investing and trading in alts.

I ask this because i'm a noob trader and missed the recent ETH price surge.