the simple lesson we can trade top 10 coinmarketcap or the coins always have the top volume at some big exchange. because I think that coins at least safer and we know the long-term projects from them is very good.
Topic: When to trade altcoins? - page 10. (Read 1894 times)
Hello everyone. So recently I've been trading bitcoin for alt coins as I find that alt coins are far more volatile due to lower volume compared to Bitcoin and thus more profitable when it comes to day trading. Any great alt coins I should be looking into for trading? I'd like to hear your opinion on this method of trading!
If you pick the coin of day you will be jackpot winner but st the same time you need to think about the problems and how you pick the right coin when you are looking to invest on cryptocurrencies.
There are wide range people always looking to make the money in trading but mostly failed so you need to be careful before you go to invest on bitcoin or altcoins.
Hello everyone. So recently I've been trading bitcoin for alt coins as I find that alt coins are far more volatile due to lower volume compared to Bitcoin and thus more profitable when it comes to day trading. Any great alt coins I should be looking into for trading? I'd like to hear your opinion on this method of trading!
When we decide to invest and trade in Altcoin, we must dare to make decisions. Because as we know that investing in Altcoin is quite a risk. Trading Altcoin cannot be done in a short time because Altcoin is a long-term investment so we have to wait a while to get the right momentum. Being patient is the main key in doing Altcoin Trading. Be sure to choose a coin that really has good qualifications because it is our main capital in getting the opportunity to make a profit. Today is the good to invest in altcoins at the same time we should expect good profit on short periods. But we must carefully pick the best one and Nowadays most of the altcoins are dump in the market. so we should buy top trending altcoins surely we will earn more profit in trading. I prefer Ethereum, EOS and Ripple because three are leading altcoin in crypto so our investment is safe in these places.
If we see that altcoins is worth an investments, I guess it's time to save them all rather than dumping it quickly once it's price starts to spike. However, most of the emotional battle is through crucial times which put your asset to danger of being a shit coin. That's a case to case basis, but if you notice the community of your holding has many plans for their road maps then find time to analyze. With that strategy, you'll be able to come a good decisions so that you could battle your emotional attachments towards panic selling.
Hello everyone. So recently I've been trading bitcoin for alt coins as I find that alt coins are far more volatile due to lower volume compared to Bitcoin and thus more profitable when it comes to day trading. Any great alt coins I should be looking into for trading? I'd like to hear your opinion on this method of trading!
In my opinion, it is still bitcoin which is more volatile.
Look, it is just too expensive and that is why we cannot buy a lot of it to feel the movement.
On the other side altcoins are still cheap and we can buy millions of it to feel even the .01 USD movement that will happen.
I guess that is also why more users who wants to go in the fields of crypto ends up in altcoins and ICOs.
Selecting which altcoin to trade is really difficult as many people same as you would be thinking of it get profit from altcoins as they have only concern with high volume coins like BTC or ETH and at the end to just fill their portfolio with top coins. You can get benefit with alts trading only if you are going to invest in alts in very large amount and do day trade with it, holding them for a long time may not be profitable.
Usually most of the ppl is trading when the market is up. The smart guys buy when alt coins are bleeding. It depnds on many other factors
Hello everyone. So recently I've been trading bitcoin for alt coins as I find that alt coins are far more volatile due to lower volume compared to Bitcoin and thus more profitable when it comes to day trading. Any great alt coins I should be looking into for trading? I'd like to hear your opinion on this method of trading!
Yes truly you can profit more on trading altcoins rather than those coins that are in the top 10 because altcoins can go more on since they have low volume.
I don't think that there are a particular better altcoin to trade. For me I would trade altcoins with low maximum supply because I believe it has a higher volatility. And as the first responder said, bitcoin growth controls the market.
Volume and marketcap are 2 factors that are resposible for higher volatility. Not maximum supply.
To OP. I would oonly daytrade on high volume coins. Those are easier to predict. Low volume/ Low marketcap coins are to susceptible to manipulations. Its so easy to pump 30% or dump 30% coin with daily volume close to 10 btc. You can try do it by yourown (i bet 1-2 btc is enought) but playing in whales game is extremaly risky because if you wont create fomo you will have to sell on big loss.
Today is the good to invest in altcoins at the same time we should expect good profit on short periods. But we must carefully pick the best one and Nowadays most of the altcoins are dump in the market. so we should buy top trending altcoins surely we will earn more profit in trading. I prefer Ethereum, EOS and Ripple because three are leading altcoin in crypto so our investment is safe in these places.
I don't think that there are a particular better altcoin to trade. For me I would trade altcoins with low maximum supply because I believe it has a higher volatility. And as the first responder said, bitcoin growth controls the market.
as you know almost all altcoins moves depend on bitcoin's price.when bitcoin price is stable, people start to buy altcoins.first of all, there is no "great" altcoins.if you want to make some money with daily trade you dont have to trust it's tech or team etc.
for catch the fomo you can check news of exchanges (new coins to list,competitons), following the roadmaps may help you as well.
the easiest way is buy at support, sell at resistance (i want to say once again btc's move is the main rule), also you can check rsi for oversold, moving averages and some other indicators if you want.
there are tons of videos to learn technical analyses, it really helps.
dont trust anyone especially fenomens on twitter.
first rule is dont lose your money so use stop-loss.
be patient
dont try to sell on top, dont try to buy on deep.realize your profit, dont be greedy.
if i act like you are beginner and you are not im sorry
i wanted to tell all i know to help you and who read this.
for catch the fomo you can check news of exchanges (new coins to list,competitons), following the roadmaps may help you as well.
the easiest way is buy at support, sell at resistance (i want to say once again btc's move is the main rule), also you can check rsi for oversold, moving averages and some other indicators if you want.
there are tons of videos to learn technical analyses, it really helps.
dont trust anyone especially fenomens on twitter.
first rule is dont lose your money so use stop-loss.
be patient
dont try to sell on top, dont try to buy on deep.realize your profit, dont be greedy.
if i act like you are beginner and you are not im sorry
i wanted to tell all i know to help you and who read this.
Hello everyone. So recently I've been trading bitcoin for alt coins as I find that alt coins are far more volatile due to lower volume compared to Bitcoin and thus more profitable when it comes to day trading. Any great alt coins I should be looking into for trading? I'd like to hear your opinion on this method of trading!
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