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 going to trade altcoins with a very low volume then more than anything you need to watch your trades very closely and you need to have a point in which no matter what happens you're going to get out of your trades, I say this because there is a chance that those coins disappear while you are trading them and you don't want to be the person holding those coins that have no value anymore. 
Topic: When to trade altcoins? - page 9. (Read 1883 times)
Anytime you can start trading with altcoins. But it will better to trade when price of altcoin went down. Cause if you buy that time, then you will get more income after price increase.
I think it's very good, when you come to the altcoin trade. I don't say this right. but what you say is real. altcoin is very profitable for daily trading. there is no big altcoin specification for this. because the most important is the rapid price fluctuations sought. and the average is in the altcoin that has a low trading volume.
I would invest in newly launched altcoins that have a fast grpwong community and with low price (i.e. 1 sat), because they have high possibility of increasing by several times in value.
I think the altcoin trade is a fast trade, especially supported by a large volume. so it is very vulnerable to losing money. Although so many traders speculate based on news, issues, and rumors. without knowing how many people use their technology. look at coinmarketcap: https://coinmarketcap.com/gainers-losers/ many tokens have increased irrationally. the decision is in your hands ...
Trade altcoins which you can handle the movement of price in the market as when you opt to choose day trading. Always come to the point the huge risks in trading whereas the volatility are at high stage and really depends on bitcoin market. Choose and always find time to search a most profitable altcoins in the market.
And that best time is when you know the market is generally in an uptrend. Usually, altcoins are pretty volatile and you want to be very careful during a bear market until there is a clear direction. One thing though is that even if you want to trade any market and depending on how volatile it is, you should always take your stop loss into consideration a whole lot so you do not end up counting your losses at the end which they are easy to move down fast much most of the time and in a bear market, you really do not want to do it without some discretion and discipline as the case may be.
yes your choice altcoin is good for trading but for now maybe you cant expect big profit. pick the good coin and invest it and if markets stable you can sell
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!
For easy to you to find a good altcoins you should look in coinmarketcap where as you can easily determined which has good market and might you think has potential for daily trading. When you proceed daily trading you must keep on monitoring the market to avoid mises the good fluctuations of your altcoins.
Trade altcoins which you can handle the movement of price in the market as when you opt to choose day trading. Always come to the point the huge risks in trading whereas the volatility are at high stage and really depends on bitcoin market. Choose and always find time to search a most profitable altcoins in the market.
if you ask about time, we will not know when the time is right, because sometimes the altcoin price suddenly rises to a high price, and sometimes becomes a low price. when you see a coin, look because the coin is useful in terms of your needs, because whatever the price, you might still use it.
Trade altcoins which you can handle the movement of price in the market as when you opt to choose day trading. Always come to the point the huge risks in trading whereas the volatility are at high stage and really depends on bitcoin market. Choose and always find time to search a most profitable altcoins in the market.
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 daytrading its always been advisable to use those fast moving crypto that means this is not bitcoins,amd asking about what are those?Well ots your responsibilities to find them because we don’t want to be blame if ever the coins fails you
Bitcoin is for long term holding as this is a slow moving cryptocurrency but surely safe ,but as what ive said for long term and not for daytrading
At the current market a big NO.
I think the main question doesn't change from the main bitcoin to any little small coin and anything in between. The proper time to trade has always been during either stagnant markets like we have right now or bull markets. If the price of any coin reaches to a point that last 30 days has been over 100%+ increase it is time to stop trading it for a while, at least watch it from afar before going back in.
If something has fallen a lot recently it is exactly the same, start watching from afar before trading. The best time to trade something is while its standing still without a move or when its just going up but hasn't gone up too much.
If something has fallen a lot recently it is exactly the same, start watching from afar before trading. The best time to trade something is while its standing still without a move or when its just going up but hasn't gone up too much.
as you said, the smaller the volume, the more volatile it will be. but also easily shrinks
I would disagree with this, logically the higher the volume the higher its volatility
yes, the value of altcoin fluctuations is faster than bitcoin, so to make daily profits can still be done.
Geez, could you name an altcoin more volatile than BTC?
As you could see, majority of alts are price dependent on bitcoin in terms of volatility
Yes altcoin has more high volatility than Bitcoin and this chance to increasing the amount of Bitcoin by trade it. All altcoin already in the bottomed and some of them was push from the bottom, so now is good times to trade altcoin. Never forget to make risk management by always use stop loss.
You may take a look at Bitcore if you don't know about it yet. Not only the project is interesting by nature., but it's also going well currently with their development and other stuff (don't mind the ===> ==> on the pic below, it was for something else)
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!
https://coinmarketcap.com/gainers-losers/
Check that link and see which coins have been pump or soon to be pump in the next coming hours and decide if you wanted to ride the waves with those pump-and-dump group. Good luck.
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
It does not mean that when the market is down people won't do trading, some of these traders knows how to handle the market even if it is declining by looking at the statistics on the chart. I tell you it's so stressing to do it specially if the fluctuation is very low and yes it is the basics of trading to buy low and sell high.
as you said, the smaller the volume, the more volatile it will be. but also easily shrinks. you should trade in altcoins that have large volumes and standards. besides that it also has a volume that lasts. because that will keep you from trading daily. yes, the value of altcoin fluctuations is faster than bitcoin, so to make daily profits can still be done. so you can look at CMC to trade on the top 100 crypto currencies.
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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, altcoin are more volatility than bitcoin and I hope you have the require experience needed to do cryptocurrency day trading due to status of the current market. However, I believed LCS, NANO,DGTX,QTUM and BTG look good for day trading this days. Jump to: