If you want to double an investment, its not so hard to double your bitcoin. I swear it - send as much BTC as you want (minimum 1 BTC deposit please) to this wallet:
18gYH6go8ZtU8wm1dYzH5RwacbRgu6Fk5h
And I'll double it.
Kidding! Don't do it. My point is that doubling may not happen in a single transaction, but if you trade for a target return you can figure out the necessary trade volume to reach that magic number. (Using Algebore.) Also another idea is to stick with the pairs with the highest trade volume because if you make multiple profitable trades it can add up quickly to a higher percentage than one big transaction. Also, if the transaction goes south you aren't in quite as vulnerable of a trading position. That's risk management!
Topic: Why trading btc will make you more money than altcoins? (Read 1649 times)
which exchange gives 1:20 leverage? i only know poloniex which is 1:2,5 leverage
There are lots of new altcoins available to trade for small 1-2 satoshi per coin in starting day. And if the coin developer or group have some good amount of money than it is sure they will pump the price to 3-4 satoshi with which you can double your coin. But in bitcoin it takes long time to double your money. But altcoins also have equal chance of losssing.
When you buy altcoins, the idea is to buy enough to make decent profit in the event it grows something like 10x or more. But then not worry about it if it doesn't. You only need 1 big winner to make up for the other losses.
Just make sure that the liquidity of the coin is high enough that you can dump it somewhere or exchange it. What they need is a trash coin so you can get something for nothing by converting the coins you couldn't dump because no one would by them into an energy efficient fuel source... burn them. Or something like that.
Just make sure there is enough market movement so you don't buy a BTC worth of an already dead altcoin. The spreads on a lot of alt coins are atrocious as well
Just make sure there is enough market movement so you don't buy a BTC worth of an already dead altcoin. The spreads on a lot of alt coins are atrocious as well
But on bitcoin when you play long you can earn twice on long position and sell btc for fiat after that.
On altcoins you can earn 10x your first investment if you wait enough time, what's your point? Litecoin went from 1$ to 8$ in a few days. Altcoins are high risk high reward, bitcoins are less risky but you can still get high rewards.
you can play margin on altcoins as well. poloniex for example gives 2x5 laverege. Maybe its a bit smaller that bitcoin but notice that altcoins could increase 200% in one day couse volume is much lower.
Yess altcoin could increase 200% or even 300% in a day. But you need to noticed too that altcoin could be worthless sometimes.
So keep trading bitcoin and altcoin.
if you bought 1 btc of ETH @ ico you would have made out like a whale.
how mnay eth with 1 btc at the time? we have 200k in value now, even with 5k eth at the tme, it would only be 10 btc
if you bought 1 btc of ETH @ ico you would have made out like a whale.
The theory tells that gain of alts * gain of btc would give you big bucks.
The reality of last 2 years tells that on average, both btc and alts have basically lost value and only a few manipulators / whales and even fewer lucky ones actually gained serious money.
... my 2 satoshi...
The reality of last 2 years tells that on average, both btc and alts have basically lost value and only a few manipulators / whales and even fewer lucky ones actually gained serious money.
... my 2 satoshi...
But on bitcoin when you play long you can earn twice on long position and sell btc for fiat after that.
you can play margin on altcoins as well. poloniex for example gives 2x5 laverege. Maybe its a bit smaller that bitcoin but notice that altcoins could increase 200% in one day couse volume is much lower.
because altcoin are less risk, and the return some time is greater than bitcoin, if you buy very cheap, actually this is the reason, you can buy very cheap a very large amount, where with bitcoin you can not
altcoins less risk? i wouldn't say that when altcoins are constantly losing most of its value in less than a day. for people who like to gamble, altcoins are the place to be. for a normal investment with long term potential, bitcoin is the best possible investment. short term wise bitcoin might not be ideal, but long term nothing can beat bitcoin.
With BTC you can use leverage in Forex market, but with altcoins not yet, so you can make your investment much larger and profit also 
Hello
Bitcoin is much more traded than other Altcoins.
There is so much marketing behind bitcoins, as well as multiple, exchanges, forums, companies accepting it as payment, different types of wallets etc. Altcoins are still much less respected than bitcoin. But if you can buy them at a low price and hold, you may strike lucky and actually make a decent profit.
Cheers
Bitcoin is much more traded than other Altcoins.
There is so much marketing behind bitcoins, as well as multiple, exchanges, forums, companies accepting it as payment, different types of wallets etc. Altcoins are still much less respected than bitcoin. But if you can buy them at a low price and hold, you may strike lucky and actually make a decent profit.
Cheers
''if you can buy them at a low price and hold, you may strike lucky and actually make a decent profit.'' So basically like bitcoins? Stable altcoins are just as good as bitcoin, there is really not much difference and they can be more profitable, litecoin went from 1$ to 8$ in a matter of days, that's 800%
With alts is a different strategy I think. It is more like getting some coins when it is new and cheap, then selling when the altcoin is pumped.
Yo can also have luck on some alts in so they go up after going down (new team takes over the coin or something like that) but it is not likely.
As you say, with Bitcoin there is more movement.
Yo can also have luck on some alts in so they go up after going down (new team takes over the coin or something like that) but it is not likely.
As you say, with Bitcoin there is more movement.
Hello
Bitcoin is much more traded than other Altcoins.
There is so much marketing behind bitcoins, as well as multiple, exchanges, forums, companies accepting it as payment, different types of wallets etc. Altcoins are still much less respected than bitcoin. But if you can buy them at a low price and hold, you may strike lucky and actually make a decent profit.
Cheers
Bitcoin is much more traded than other Altcoins.
There is so much marketing behind bitcoins, as well as multiple, exchanges, forums, companies accepting it as payment, different types of wallets etc. Altcoins are still much less respected than bitcoin. But if you can buy them at a low price and hold, you may strike lucky and actually make a decent profit.
Cheers
because altcoin are less risk, and the return some time is greater than bitcoin, if you buy very cheap, actually this is the reason, you cna buy very cheap a very large amount, where with bitcoin you can not
if trading alts i recommend the minimum to put in is 0.5 btc if you want to make decent profits
playing with position sizes of 0.02btc or 0.1btc will not make you good profits.
With btc you can trade with a small position of 0.02btc and just use max leverage if you wanted for example just to
Maximize profits.
Btc doesn't have to double in value for you to double your profits like in alts.
i think that there are exchange that permit leverage with altcoin, which would be even better, because you have also a great amount of coins, and the swings are bigger
i remember some alt skyrocketing to 1k%, and crazy % like that
the main reason is price of bitcoin,the highest price of all altcoin,its make trade bitcoin have a big profit than other altcoin.
and also bitcoin tradable in every exchange.
and also bitcoin tradable in every exchange.
because altcoin are less risk, and the return some time is greater than bitcoin, if you buy very cheap, actually this is the reason, you cna buy very cheap a very large amount, where with bitcoin you can not
if trading alts i recommend the minimum to put in is 0.5 btc if you want to make decent profits
playing with position sizes of 0.02btc or 0.1btc will not make you good profits.
With btc you can trade with a small position of 0.02btc and just use max leverage if you wanted for example just to
Maximize profits.
Btc doesn't have to double in value for you to double your profits like in alts.
because altcoin are less risk, and the return some time is greater than bitcoin, if you buy very cheap, actually this is the reason, you can buy very cheap a very large amount, where with bitcoin you can not
With btc you can go long or short and still make money. You can use 20x leverage with 1 btc and make 0.05 btc per dollar that bitcoin rises or decreases.
With alts you can only buy at the bottom and wait for the price to increase. If the price goes down you can't make money. A lot of scam coins to watch out for which make it hard to make money. A lot of people making the same coin and redesigning it.
Just my two cents, what do you guys think?
With alts you can only buy at the bottom and wait for the price to increase. If the price goes down you can't make money. A lot of scam coins to watch out for which make it hard to make money. A lot of people making the same coin and redesigning it.
Just my two cents, what do you guys think?
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