Topic: Why only a Bitcoin trading pair is the best thing? (Read 496 times)

I doubt on this as many altcoins already prove to be profitable as well and this market is not just about Bitcoin, let’s give credit as well to Altcoins as they are also part of the success of cryptomarket. I do trade with BTC paired altcoins as well and I can say that I have no regret at all because I make profit too. All you have to do is to analyze and maximize the true potential of cryptocurrecy in all, not just with Bitcoin.

I have always said that the best thing is when you operate to take into account that a profit is a profit, it is better to win even $1 than to lose $1, this is what I have as a concept, now if people consider that They always prefer to lose a little, for me the negative balance is that, but earning a little is adding up, a trader must always take that into account, if we start looking for a lot of profit we will not have them, quite the opposite, trading is to be very careful , and to be able to do it intelligently, otherwise you lose money.

Yes I agree that bitcoin trading can get profit and you can lose less than other coins. Because only bitcoin can give a good profit once you buy it in low price. And bitcoin is less risky than other coins. You can trade bitcoin in a short term or in long term. That is a good for bitcoin because you can trade it or you can hold it and wait for the right time to sell.

That's why Bitcoin is also the king of crypto because it has no doubt about its potential,
maybe only a few coins are really worth a long term investment,
besides Bitcoin I think Ethereum is another option for that.

In trading you can use the token you feel like using and especially the one you know that will not be bother to you, but when you come in terms of long term investment, i will encourage you to make use of Bitcoin for investment and skip some coins that doesn't have good potential, because those coin's that doesn't have potential do die off on the way of long term investment and especially during when cryptocurrency is having long term bearish, while people advice people to use Bitcoin for long iterm investment, it's because of it's potentiality.

And that thinking process is what makes the altcoin season to come after bitcoin has gone through its halving and a massive bull run is already underway, after all before the bull run has started people have the tendency to be more conservative, but once they see that the value of their bitcoin holdings has increased they feel they can take greater risks, because even if they happen to lose they will still be earning huge profits already, and as more people think this way a critical mass is reached and the altcoin season can begin.

I think it depends on the profit a bit as well. In a moment when you are down 11%, you would not be risking too much and you would be happy to trade in bitcoins, in a bull period like when it went to 68k, you would probably have like x10 return and then spending some on altcoins shouldn't really be a big deal to you.

Those are all important differences and you should be reacting accordingly. Some of them makes alts make more sense to risk and that would be better and some of them do not make any sense at all for those people and it makes no sense. I hope that it would get a lot better in the end and we would have a much better result, but it doesn't really mean that we should risk it like that, we could totally keep it at bitcoin as long as we want it to be.

While Bitcoin may be a popular choice for long-term planning, it's important to consider diversification and not put all your eggs in one basket. Other cryptocurrencies, such as Ethereum or Binance Coin, have shown strong growth potential and could also be considered for long-term planning.

It is the best to some people and mostlly to traders that has large amount of money to trade, the trader that have little amount of money to trade do with altcoins, they are scary to put money on but they are the best to people who cannot move the market like Bitcoin does and it help them gain good amount of money even with little starting capital they have to start something. An alternative best to bitcoin also in midway holding of altcoins when the market is down, buy some and when hypes comes in, sell them and remove your starting capital and then follow the process again.

Hear me out, I'm no safety junkie. I fancy life on the brink, daring ventures, and taunting fate. That's why I won't hesitate to claim Bitcoin is overhyped. There, I blurted it.

Yeah, it boasts a stellar track record and all that razzmatazz, but who craves a monotonous gig? Why not spice it up, take altcoins for a spin? Who knows, you might discover your crypto soul-twin.

Don't overlook diversification's prowess. It's akin to a wardrobe remix - sure, you can rock the same garb daily, but where's the pizzazz? Why not toss in an audacious pattern or a color splash occasionally?

Indeed, bitcoin's long standing proven record of how good is it to be a long term investment is no doubt a good reason to choose the btc trading pair for long term. But we should not leave the fact that other cryptocurrency or altcoins have great potential as well and could be a great way to maximize the full potential of cryptocurrency trading and investments. Diversifying pur portfolio is a good thing so that we could gain more short term profit, but long term will still go to bitcoin. I agree that diversifying your portfolio increases the risk in trading cryptocurrency so we should always be cautious and just invest what we can afford to lose while fully analyzing and understanding the movement of the market.

It's good all the liquidity, and btc pair in trading has always been known to be the primary selection when it comes to trading because it's has always been popular since back in the days, but I think nowadays the pair that's just the same in term of popularity and the liquidity are usually those stablecoins, I think this not gonna change even in the upcoming century.

I guess the fact that there are swap platform which provides some kind of way converting certain coin to other coin directly kind of make the gap between bitcoin trading pair and the other even higher.

The risks of holding altcoins for the long term are simply too high, because as we know despite the promises given by the developers altcoins can disappear in a matter of days, and if during that period do time you were not putting attention to the market you could lose a great deal of your money and not even realize this was the case, and while bitcoin can also crash from time to time the chances that it will disappear so suddenly are basically zero.

Investing and trading are still different though, if the thing is about putting all pairs into Bitcoin then you can get some idea that there are some disparities regards to the valuation of some altcoins or tokens if they're based in USD or in Bitcoin. There's a difference between those and one can take advantage of it as a trader but then, it may come quickly and changes could be done so fast. While many aren't stressed with these pairs and just choose to be an investor than a trader. I'll have to agree with those people since I am one of them and chose to just be a passive guy towards Bitcoin.

While Bitcoin may be a popular choice for long-term planning and investment due to its widespread adoption and proven track record, there are other cryptocurrencies that may also be worth considering for long-term investment. Some investors may prefer to diversify their portfolio by investing in a range of cryptocurrencies with different use cases and potential for growth. Ultimately, the decision of which cryptocurrency to invest in for the long-term will depend on an individual's risk tolerance, investment goals, and overall market analysis.

When it comes to this market there is nothing better than bitcoin for investors, but since you are talking about trading then this is not as straightforward, traders do not care about the long term performance of the coins they are trading, as at most they will spend a few hours or days holding their position, so for them the protections that bitcoin offers are not as attractive as they are for investors, which explains why traders love altcoins and their extreme volatility as with the right trade and with a little bit of luck they can make a small fortune in a relative short amount of time.

The bitcoin trading is a process,we need to ready to face both the end.When the bear market is happen,all you holding will reduce some value.So you should not get panic by reduction,better you learn to hold for the longer period.The best option in bitcoin is the coin remains same only the coin value was change due to market.Same market make you to earn more from same amount of bitcoin.



Bitcoin can be used as long term and short term profit.The thing is for high profit,you need to hold the bitcoin longer.If you are satisfied with the margin profit of 5-15% you can do trade with short term day trading.Many people doing day trading using bitcoin for the short margin profits.They had quit their job and doing day trade as a full time work.My day traders friends also earn good money from the bitcoin itself.

I have read your main post too, and I think you are a little bit confused between (Bitcoin and Alts) selecting an asset to store value for money. If yes, Then you will find only one answer from every person who has been involved or not in both. Which is "Bitcoin", because so far, over the last 14 years, BTC has proved itself as the best asset to store your money for value. I do have not as big experience as other legendary members of this platform have, but i have a few pieces of advice for you. Like if you want to store your money in BTC then this is the right time + you should perform DCA + you have to keep some pegged dollars or fiat in reserve, to buy in dip. And on top of all, you have to understand the difference between trading and holding. because you are referring to trading while talking about a long-term investment!

That seems awkward too (hehe), if you will not distinguish between them then it will be hard for you to follow the rules thus you can easily be diverted from your main aim. If you want to hold BTC or any other assets for your Daughter so that it can help her in the future. You should go for BTC instead of alts (because alts have less age than BTC and they are seasonal only). I have some topics in my mind that can encourage you and will give you a broad idea of your thoughts about holding BTC for the next generations.

• Early bitcoin investment for my baby
• Can you 'Will' your bitcoin to your children?

This is exactly why there was a bot back in the day that sold as soon as it profited. The only thing the bot did was calculated the trading fee and any other fee that may occur, and even if it made 1 satoshi profit (which it usually did a bit more, at least 10-15 satoshi) then it sold.

The aim wasn't to make a profit like that, the aim was to put as many coins as in there for trading, and then keep doing this maybe like a thousand times a day. This is the "constant but small profit" method it was using. The logic is simple, if you do not make a profit right now, that is alright, but gradually and slowly keep on making profit and do that consistently. This allows people to make as much profit as they can and allows them to make a lot of money.

Who says there isn't money in trading Bitcoin for the short term or doing scalp trading on Bitcoin? It just depends on your capital, if you have about $30k or more as capital and you can buy and sell 1 whole Bitcoin at once, you can surely get a lot of profit from it. Let's suppose, Bitcoin is at $30.2k right now, and you buy 1 Bitcoin at that price, in about 2 hours or so, it goes from $30.2k to $30.3k, and you sell it. You get $100 in there without much risk.

I understand that one can get more returns on Altcoins since they are more volatile but that is only because they have small prices and they also contain great risk. What if you buy a token to sell it quickly to get a profit but instead of going up it goes down and never goes back up?