Bitcoin Forum

Do you play altcoins on your own or do you use external analyzes? I am asking for tips from investors actually caught up in the topic.

I personally make short term bets on certain altcoins using my own analyses just to increase my BTC stack. If you're planning on investing or trading and not planning on doing the work yourself, you might as well not do it entirely. Do something that actually interests you instead, like probably starting a business. Just a quick reminder that wealth shouldn't necessarily be made through cryptocurrencies. :P

I use my own analysis, but I also comparing to other analysis too and combining several things (e.g. news, hype, etc) to make a decision.

But I'm not an investor, holding an altcoin for a long time is very risky and can attack your mental health. Actually I only take a advantages of hype and sell it when I've many good amount of profit or the hype already over.

Exactly, that's the method I use as you say. it is true that the principle in altcoin is only limited to supporting to increase bitcoin coffers. although not all altcoin. however some and most argue that the principle of holding altcoin only adds to some of the advantages of for example day trading. while for the btc itself we prefer to cultivate it in a pile of soil like a treasure that one day we will dig up a few years. do not let others know your bitcoin amount, leave it buried and keep the key in a secret place. game of altcoin for the short term.

Of course, I have my own opinion about the analysis that our altcoins hold, I mostly always see the latest news, sometimes there we can see for ourselves how the difference is from the analysis because altcoins often create hype when they are busy being discussed in the news.
Tips from other people are very much needed if it is included in your input and matches the external analysis so that it can be reached how not to get caught up in things like this, altcoins always have unexpected wars for me.

When it comes to altcoins. I don't spot trade them. Altcoins have a tendency to shoot up in price due to news or hype. What I do is wait just as the hype has died down and the dumping has started, then I short them on futures. Pretty a decent way of making some quick bucks minus so much analysis. The most recent one I shorted was ALICE  ;D

Use your own analysis upon investing in altcoins because not all of them are profitable at the end of the day. You must need to have a dig deep research in every altcoin do you want to invest or better to stick on the altcoins that listed of top exchange or those who are in top 50 in Coinsmarket cap.

As I noticed, altcoins aren't good in holding long term, it will always end losing my money but there are times that I tried to be patient for at least 5 months and I saw that there is the result on that range of holding because the altcoin that I invested is a newly listed coin. However, beyond that, it becomes now a shitcoin. Therefore, I always have priority in bitcoin.

Yes.

Trading altcoin has my part of my journey in crypto. They're for that and what we do about buying and selling is like playing but it is the actual logic of trading.

What tip you should need to be exact? gain experience.