Topic: Will you trade Bitcoin to buy Altcoins? - page 15. (Read 4145 times)

it was a move that you are being the person that choosing what may bring you the best for it so when you are choosing this for you are about the person also that making some research too what could bring you the profit for in a short period of time.

If you are going to hold Bitcoin and do not touch it why do you speak about trading? I can trade Bitcoin to buy altcoins if I feel it will bring me the better profit. I would pick Gladius token, IOTA, and Komodo.

I was looking at the possibility of investing in several Altcoins as part of my trading by selling off Bitcoins. I do feel that with proper planning and execution, the profits that could be reaped through these Altcoins by day trading in a week would be far superior to that of Bitcoin.

It is true I am talking in terms of a short term gain. BTC is certainly a long term investment but what about the short term gains? As an example, even if I invest in 1000 coins of IOTA or 10000 coins of NEM, I am assured of greater volatility in the market for these coins compared to that of BTC. If NEM makes a high on a particular day even by 0.05$ USD, I would make 0.05x10000 = 500$ USD in a day if I sell all my coins at that price.

Of course, trading does involve many other practical factors which make things not as simply as I write here. But being a pro I can simplify the complexity and say that it is certainly possible to make it so.

But will this not be a way to make decent income every day? When you invest in cryptocurrency, it is a need for one to continually observe the market trends. When one is able to understand the intricacies of the market then it is better that he takes up (day) trading.

After all it is important we make money on a regular basis apart from the long term investment isn’t it so?

I like btc and think that it is the best coin ever. To my mind, it is the best coin ever and to my mind, it is worth to be held for the long-term. To my mind, this is the best way to trade

Trading altcoins is very risky, if you think that trading bitcoin is hard you have seen nothing, altcoins can move at incredible speeds, I have seen coins growing 1000% in a single day and those that sold made a fortune overnight and then the price crashes and everyone that invested late losses all their money, so do not think of altcoins as just a way of making money, think of them also as high risk investments.

Totally agree with you. I know that bitcoin is an excellent long-term investment. But if you look at the possibility of earning money quickly, the altcoins certainly give us this opportunity. Of course, you're right that you need to have enough skills for daily trading, but it's worth it. All those who have been at the market for at least a year already know and have seen that when bitcoin grows, then on average it can gain about 5% of its anticipating price, while altcoins gain 20-30%. Therefore, for permanent earnings, the trade of altcoins is definitely more suitable.

I like btc and think that it is the best coin ever. To my mind, it is the best coin ever and to my mind, it is worth to be held for the long-term. To my mind, this is the best way to trade

I do not trade my bitcoin for anything, but sometime you get to see some quality project that wow your curiosity and you just have to invest. Eos, ethereum and spectre.ai are all example of these quality project.

In my opinion i'd say you stick to Bitcoins.. its the most popular in the market now and i believe its tendency to grow more than any other coin is very high.. Altcoins may be volatile and risky to engage in

I like btc and think that it is the best coin ever. To my mind, it is the best coin ever and to my mind, it is worth to be held for the long-term. To my mind, this is the best way to trade

I do not trade my bitcoin for anything, but sometime you get to see some quality project that wow your curiosity and you just have to invest. Eos, ethereum and spectre.ai are all example of these quality project.