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Topic: When to trade altcoins? - page 2. (Read 1892 times)

full member
Activity: 700
Merit: 117
December 15, 2018, 05:30:18 PM
it doesn't matter if you have to trade bitcoin for altcoins, choosing altcoin can be used as one of the positive things because of good potential. so I think altcon can still be a good choice
Of course, no wonder bitcoin will remain at high even the market is dumping. Bitcoin is strong enough and have a huge support from the community and from investors. Some altcoins are losing its value but not for Bitcoin.
hero member
Activity: 2268
Merit: 579
Vave.com - Crypto Casino
December 15, 2018, 05:16:38 PM
Is there a good altcoins I should be looking into for trading?
Because altcoin is more volatile than bitcoin, it's better to trade on altcoin with low supply and the price is still low (not comparable with total supply). So the opportunity to rise up to 5x is far greater. Why should choose coins with a low total supply? because if the price of this coin free falls, usually it will be faster for recovery and even tends to be stable.
You're right about altcoin to be more volatile than bitcoin but trading of altcoin with low supply is still risk if the altcoin dont have good utility and good community support. However, the whole crypto market are all in down trend season and I dont see any reason why people should be greedy of making profit chasing after low supply coins.
jr. member
Activity: 91
Merit: 1
December 15, 2018, 04:48:26 PM
Is there a good altcoins I should be looking into for trading?
Because altcoin is more volatile than bitcoin, it's better to trade on altcoin with low supply and the price is still low (not comparable with total supply). So the opportunity to rise up to 5x is far greater. Why should choose coins with a low total supply? because if the price of this coin free falls, usually it will be faster for recovery and even tends to be stable.
full member
Activity: 733
Merit: 100
December 15, 2018, 04:19:34 PM
it doesn't matter if you have to trade bitcoin for altcoins, choosing altcoin can be used as one of the positive things because of good potential. so I think altcon can still be a good choice
newbie
Activity: 40
Merit: 0
December 15, 2018, 02:25:14 PM
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member
Activity: 626
Merit: 10
December 14, 2018, 06:26:26 PM
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!
Maybe you can make a profit in altcoin but I think it will not get a profit in one day because like you said market also volatile so we don't know if that altcoin will goes up and goes down.  So I think much better a long term investments.
member
Activity: 252
Merit: 11
Decentralized Digital Billboards
December 14, 2018, 06:22:29 PM
Yes, in my opinion it is very profitable to trade altcoins. I don't have one coin in mind. Very many coins can grow, the most important thing is to have time to buy a coin and sell it at the right time.
hero member
Activity: 1694
Merit: 502
★Bitvest.io★ Play Plinko or Invest!
December 05, 2018, 02:54:30 AM
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!

As long you still get income any coins you take it will profitable. I think coins is the main problems because chose the wrong coin will make us lost. But I believe this part can't be separate with money management and psychology. So trading is big picture for us. People will chose survive coins, see from coinmarketcap list number 1 - 5, take them as your way.
What is wrong coin? The one without future, created to be a scam and to trick people to invest in it. Coins from 1-5 have potentially great future, so when is the right time to trade with them, answer is clear wait dip to buy and wait top to sell. You have buy support and sell resistance, learn about this two terms and you will have a bigger picture how to do it.
full member
Activity: 686
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
December 04, 2018, 10:43:24 PM
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!

As long you still get income any coins you take it will profitable. I think coins is the main problems because chose the wrong coin will make us lost. But I believe this part can't be separate with money management and psychology. So trading is big picture for us. People will chose survive coins, see from coinmarketcap list number 1 - 5, take them as your way.
sr. member
Activity: 994
Merit: 257
December 04, 2018, 08:55:42 PM
If you have been trading Bitcoins then you must have already learned the basics of trading. The patterns and what you make out of them must already be familiar with you. But when you enter the altcoin arena, you will be spending more time for monitoring. More than the candles, you must also be very keen on the fundamentals. That what makes altcoins pump. Constantly update yourself with them.
Some people are just blinded by the profit that they can get in the market, I have known people that are unable to get profits in the market of bitcoin and yet they want now to invest in altcoins with very low volume, they do not seem to understand that if they cannot make money in a market that has lower volatility making money in a market which is even more volatile and that is subject to more manipulation is going to impossible for them.
sr. member
Activity: 882
Merit: 250
November 21, 2018, 11:41:08 PM
If you ask about trading and have enough time, then you need to do it of course every day, so you will gain experience and learn to analyze
doing it every day make our skill traineed well.and we could take important lesson from market , especially about market cycle and history that give big influence to price movement in future.
full member
Activity: 1162
Merit: 101
November 21, 2018, 10:52:25 PM
If you ask about trading and have enough time, then you need to do it of course every day, so you will gain experience and learn to analyze
hero member
Activity: 3052
Merit: 606
November 21, 2018, 09:43:50 PM
If you have been trading Bitcoins then you must have already learned the basics of trading. The patterns and what you make out of them must already be familiar with you. But when you enter the altcoin arena, you will be spending more time for monitoring. More than the candles, you must also be very keen on the fundamentals. That what makes altcoins pump. Constantly update yourself with them.
Of course it is a must once you take into trading.But make sure if you want to trade with altcoins,be smart enough in choosing those coins with potentials because even if they don't shine today,they will sure to boom in the near future.Altcoins trading is much risky compared to bitcoins so be brave enough whatever the outcome is.
sr. member
Activity: 1022
Merit: 256
November 21, 2018, 09:23:21 PM
If you have been trading Bitcoins then you must have already learned the basics of trading. The patterns and what you make out of them must already be familiar with you. But when you enter the altcoin arena, you will be spending more time for monitoring. More than the candles, you must also be very keen on the fundamentals. That what makes altcoins pump. Constantly update yourself with them.
newbie
Activity: 160
Merit: 0
November 21, 2018, 08:37:53 PM
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 are just looking for high volatility just pick high in marketcap alts and start trading them. Volatility in them is as bis as with bitcoin.
sr. member
Activity: 994
Merit: 257
November 21, 2018, 08:34:20 PM
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!
Whenever you want! As long as you can get ride with the market. But if you think you not yet ready, you should not trade or you will lose a lot of your own capital. Trading will change our life but we must have the wisdom so that, we know the barriers and problems that we will encounter. As long as you do not ready, practice trading and when you know you planned it, then enter with the market.
Trading low volume altcoins is one of the most difficult things to do because those coins can be easily manipulated by those that have money to move the market and they can be manipulated also by groups of people that dedicate themselves to pump coins, and you do not want to lose your money in a coin in which you do not believe in because that will make your losses even more painful.
sr. member
Activity: 616
Merit: 262
November 10, 2018, 10:14:40 PM
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!

You should choose an altcoin that has a higher volume or those who have been existing for a time and have proven that they can still recover after a bear market because most of them won't be able too especially those that have been existing on the market for trading only and the projects behind has not been continued because the team abandoned it or it is just a pure scam. I would prefer those coins that has an active team and the development still continues.
member
Activity: 658
Merit: 10
November 10, 2018, 10:05:13 PM
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!
Volatile volatiles due to low volatility usually will not have high liquidity and you will find it difficult to sell your tokens. We often call it a garbage token. So you should not be concerned about such altcoins. Just focus on the top 100 of the market to trade. I think in that position will be better and safer for you.
member
Activity: 476
Merit: 10
November 10, 2018, 09:45:51 PM
To trade BTC with others altcoin is good when BTC in low volatility  just like current situation.  A lot of price of altcoin in the bottomed and this is best times to increase amount of BTC. A lot of altcoin was going up to more than 100% so best times to trade BTC with altcoin . Because the fluctuation altcoin is high so dont forget to use stop loss.
legendary
Activity: 2674
Merit: 1048
November 10, 2018, 07:41:44 PM
The best time to make a kill is when bitcoin goes up,  Bitcoin increase have immediate effect on the price of Altcoin. Altcoin usually dump when bitcoin is increasing in price due to flippers!
I always thought that this was a false statement, every altcoin has its own market and is different from bitcoin. Altcoin prices will increase if there are some developments made by the developer or there is interesting information comes about the altcoin and otherwise. As for the price of bitcoin and altcoin declining, I guess that depends on the information that comes to cryptocurrency as a whole, not just bitcoin.
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