Topic: When to trade altcoins? - page 8. (Read 1894 times)

Actually now it is better to stay away from the trading with altcoins, especially with small altcoins. So personally I prefer to trade trough marginal trading with such cryptocurrencies as Bitcoin, Ethereum, Cardano, XRP and Bitcoin cash.

That's not always the trading goal, altcoins have their own set of a price pattern and fluctuations they are not always dependent on the price of bitcoin well this is a case to case scenario bitcoin have influences when it is up or down but altcoins have their own varieties of events, community, investors and product, there are times there are some altcoins bleeding while bitcoin was surging.

I think, if we want to keep getting profit with current market conditions then we have to look for good opportunities and if there are altcoins that have good prices to buy and have good movements then I will trade there

I failed many times before, when I tried to trade daily volatility. We should not forget, that the small volume also means, that the whales can manipulate these coins easier, and these actions are impossible to predict in advance.

when btc going up 

If your reason is only from price, I think you're wrong because if you only have a little capital, I think the results will be the same. Altcoin will not make much profit if you have a little capital.
And if the price of bitcoin falls, the price of the altcoin will drop too, but if the price of bitcoin rises, it is not certain that the price of the altcoin will rise as well.

its been a months already that is good to trade in altcoins, then most of the time if you are good in day trade, that is 100% you could get profit daily. But if you're not experts on it never do day trade due to that there is a high of tendency were in the end you will get only loss of your capital or altcoins.

I think the best time is when they are low and they offer something. When they are low like today than we know there is a big chance a red zone is followed by a green zone right afterwards. Nothing stays red for a long time, in the end they go up because this is the market, market can't stay red for a long time, if it wants to stay alive it needs to have both red and green, since we had the red zone now we are waiting for the green so great to buy now.

If you want to however buy something that offers something extra you can check ICO's or masternodes or staking coins and so forth so you could make decent return with them without even trading.

If you know what to always do and how to always manage the risks, you won't end up losing everything when it comes to trading altcoins. Most people tend to just try to trade altcoins with no knowledge and experience at all, and being that it is a highly volatile environment, you really want to be sure of the trend before even trading any of it, and make sure you are always trying as much as possible to always keep a tight stop loss as the case may be, which if you do not, you can end up getting yourself screwed pretty fast.

When it comes to trading altcoins, the general condition of the market is actually something to always look at and the fact that bitcoin has a huge part to play in that.

Altcoin trading is the same as that of Bitcoin trading , I mean to say that the basic rules and principles are same for all the crypto coins that you will have to buy on low price in their low markets and then selling for profit is only possible if the market price of coins increases. Similarly in Altcoins we have Litecoin best for short-term and you will make some profit here if you start buying on low price if possible.

That depends on your style of trading anyway but most of the time, whichever trend the market is in, your knowledge and strategy on how to deal with each market is what would determine if you will thrive or not. Actually as a day trader, it is always a good time to trade when the market is trading within a range sideways and you are always in a good position most of the time when you are trading a bull market as even that time, a small child will even be able to call a signal. It takes someone who is very professional and has a huge experience to be able to take advantage of a bear market actually.

I do not even think anyone at this moment would want to be trading the altcoin market with how volatile they can get most especially when there is a great instability in the market with bitcoin trying to find a direction. Like you said, in this current market, it is really a very difficult time to trade altcoins, but at least in a bullish market which seems an easy one to achieve and knowing that the altcoins have more potential to move up than down, it is always very easy to trade such a market at that time. Everything still balls down on the knowledge of each individual anyway and how they are able to make a trade effectively without adding any form of emotions.

Altcoins are potentially more profitable than bitcoin and the price compared to bitcoin is very low so it is easy to invest. ETH, XLM, XRP are good coin to trade.

Currently all mayor altcoin followed price action of Bitcoin, when Bitcoin crash or push, others altcoin also will do the samething with biggger volatility. In my opinion will be more profitable if we trade altcoin with stable coin than trade altcoin with Bitcoin. And on the crypto market right now  many exchange offer trading pair altcoin with stable coin.

We all know, from "far" it sounds profitable because price can change very fast every day, especially if have high volume. But when you do it, it will be stressful if we jump into day trading and a lot of people will suggest to do long term trading.

i am actually a beginner in this.i dont know the proper way to trade with altcoins.can you please help me with your knowledge and experiences?and in a fact i am workless from the day bitcointalk changed its rules.i am demoted from jr. member to newbie.because of lacking merits.and so i cant even join on a project to collect any coin to trade with. thank you for listening.

You should know that a volatile thing is easily lost. Because of the low volume, the altcoin can easily be manipulated, so consider investing before it's time-sensitive. You can lose everything if you invest in altcoin. I think you should invest in Bitcoin to make a profit. The decision belongs to you.

It is important to minimize risk understand the market before betting anything big, buy low, sell high, diversify between trading and investing, always observe on the major political events related to cryptocurrency world. You may want to follow some well trusted experts and popular channels for getting latest updates, news and trends in the cryptomarket.

to do daily trading at this time altcoin is indeed very good to be able to get at least a little profit from nothing, because for too long we can only wait for the market to recover to increase its value.

it's hard to see a market that is still declining to find good altcoins, but if you have a signal and a good analysis of the movement of each coin on the market, you can make a profit.

Its hard to say when to trade, it will just depend on the coin you have right now. If you see your altcoins moves 10% everyday then I think trading with it is quiet profitable. Yes, we are still in a dump market but we can still trade and have some profit you just need to be careful and do a lot of research before you do day trading.

As we meet our goals in crypto coins that we hold for long terms, we should trade our asset when it has gained a good price. Trade during higher profitable gains and buy at lower value. Wait for the market to increase a sustainable demand and you'll be surprised in the future that your asset is growing successfully.