Day trading

[shintosai]

In altcoin trading,is day trading profitable or trading on a long term basis?

I guess they are the same in profit but if you wanted to get more profit go with long term. It's proven by many of us that trading for a long term is much reliable.

Unlike in day trading, the possible profit is low and there are times that instead of earning, you will probably losing.

I prefer and suggest that long term trading is better in trading alt coins or even bitcoin.

just needed to select coins that have good progress so even you will hold them for long term you will find them much profitable
if you seen those coins which moving  so good right now most of them already been created for past year or two good for those
who believes and continue holding its very profitable now.

[catfishftw]

In altcoin trading,is day trading profitable or trading on a long term basis?

It depends on your experience and study if you are well trader then yes it is gonna be very profitable

[LittleBitFunny]

In altcoin trading,is day trading profitable or trading on a long term basis?

Day trading with altcoins is very profitable and there are several bots which help you to do that - but obviously you can't rely on them and you need to use your own intelligence if you want to make a decent profit.

All altcoins are volatile due to their dependency on the market and lack of common usage - traders are always worried about what the value of the altcoins will be so they change all the time.  Unfortunately, this means that a lot of the time the coins just collapse and never go up again - this is why day trading is profitable.  For all you know (unless you're trading with a really stable coin), the coin could just collapse and if you're not taking a close enough eye on its price then it will collapse and long term trading will not work.

[BTCmax24]

I have enough altcoins for long term trade and I am planning to sell that coin after 2-3 yrs. Im doing day trade also and I observed that day trading is good most specially to altcoins with huge volumes, always choose the top altcoins while doing trade base on my experience.

[batang_bitcoin]

Since I'm not a day trader and I know how much time you need to accumulate for it. I will prefer to do with long term trading, it's much more easier and you just need to be patient before selling your trades. Though the profit will just come once but after selling and earning, you can just do it again by doing the same procedure.

[JeffBrad12]

In altcoin trading,is day trading profitable or trading on a long term basis?

It depends on your experience and study if you are well trader then yes it is gonna be very profitable

You're wrong, the important factor to support the day trade is in the volatility, because without volatility to do a day trade looks impossible, do you want to try to get in on the bearish and bullish trend and do your daily trade?

[aardvark15]

In altcoin trading,is day trading profitable or trading on a long term basis?

It looks like some of the major altcoins could be good long term investments like ETH,DASH, etc. I don't trust the many minor altcoins out there. Some seem to drop and just fade away to nothing. You don't want to get stuck holding the bag on those for long term.

[fanbeila]

In altcoin trading,is day trading profitable or trading on a long term basis?

Since altcoin market is highly volatile and price of altcoins goes up and down in short intervals,day trading would give more profits than long term trading.In the long run,most coins would be dead.So,its almost advisable to do day trading in altcoin market.

[Monnt]

In altcoin trading,is day trading profitable or trading on a long term basis?

Since altcoin market is highly volatile and price of altcoins goes up and down in short intervals,day trading would give more profits than long term trading.In the long run,most coins would be dead.So,its almost advisable to do day trading in altcoin market.

When there is the more possibility of profit there will be same amount of possibilities for losses to occur. In altcoin market losses are happening more common because we cannot expect when inside people start dumping. In my experience day trading must be avoided for altcoin markets.

Day trading will be profitable only for well established trading instruments like bitcoin and few select altcoins.

[Data32]

I personally think that daytrading can be very frustrating because statistics show that more than 50 % of your trades will go in the wrong direction. What I prefer is social trading because it is a really great way to make profit by just "copying" the trades of an experienced user. This way you don't need advanced knowledge nor do you need to gamble when you're unsure if your trade is correct. Also it's available for altcoins too.
Of course social trading is more of a longer term trading than daytrading but believe me it is much safer.

[Inkdatar]

For me the best good for me is day trading which is profitable than long term trading. In this regard, day trading is profitable as long you know the movement of the altcoin you choose to trade with. While in the long term trading, I can say that  the coin you invest with might dumped in the long run. Thus, need to be wise enough, determination on the daily trading or long term.

[gribble]

To make profit in alt coin is a bit difficult and need a lot of patience, and sometimes it can be more than a week before the price moved, actually it is more profitable to do day trading, but sometimes alt coin movement is not that fast

Yes agree, fluctuation of altcoins price is slow be compared with stocks​ markets,
in my opinions strategy day trading is suitable used on trading stocks​ than trading altcoins
because marketcap of stocks in the world more much than marketcap altcoins or bitcoin.

[deisik]

I personally think that daytrading can be very frustrating because statistics show that more than 50 % of your trades will go in the wrong direction. What I prefer is social trading because it is a really great way to make profit by just "copying" the trades of an experienced user. This way you don't need advanced knowledge nor do you need to gamble when you're unsure if your trade is correct. Also it's available for altcoins too.
Of course social trading is more of a longer term trading than daytrading but believe me it is much safer.

I'm curious why really successful traders would ever want to make their trades public

Apart from that, statistical data shows us that most traders are losing in the end (around 90% depending on the market), but there is no lack of people wanting to try their luck at trading. Further, the very claim that over 50% of someone's trades go in the wrong direction (i.e. they incur losses) is heavily misleading even if it is factually correct. It doesn't matter how many losing trades you make, it is net effect that counts in the end. You may well make up for a dozen losing trades by just a couple profitable trades. That's how day trading basically works, you cut your losses short and let profits grow

[chaser15]

To make profit in alt coin is a bit difficult and need a lot of patience, and sometimes it can be more than a week before the price moved, actually it is more profitable to do day trading, but sometimes alt coin movement is not that fast

Yes agree, fluctuation of altcoins price is slow be compared with stocks​ markets,
in my opinions strategy day trading is suitable used on trading stocks​ than trading altcoins
because marketcap of stocks in the world more much than marketcap altcoins or bitcoin.

No. Price fluctuation of most of the altcoins does have a heavy and rapid movements compare to other assets especially if the certain alt is newly listed in an altcoin exchange. The ones that have a slow movement are those alts that survive the status of being an average alts in their first phase of operations.

In terms of day trades, altcoin is really fit for this because of the existence of those big hoarders which is the developers itself. But it will depend on a certain alt as not all alts have a behaviour like that.

[BrewMaster]

To make profit in alt coin is a bit difficult and need a lot of patience, and sometimes it can be more than a week before the price moved, actually it is more profitable to do day trading, but sometimes alt coin movement is not that fast

Yes agree, fluctuation of altcoins price is slow be compared with stocks​ markets,
in my opinions strategy day trading is suitable used on trading stocks​ than trading altcoins
because marketcap of stocks in the world more much than marketcap altcoins or bitcoin.

can you explain to me what does market cap of altcoins have to do with ability today trade them or now?

i can see how it can be harder to predict altcoins just because they are usually fake pump and dump coins and move with no logic and against all speculations but the fact that they are being pumped to the moon means you can make amounts of profit that you can never make anywhere else.

[gribble]

To make profit in alt coin is a bit difficult and need a lot of patience, and sometimes it can be more than a week before the price moved, actually it is more profitable to do day trading, but sometimes alt coin movement is not that fast

Yes agree, fluctuation of altcoins price is slow be compared with stocks​ markets,
in my opinions strategy day trading is suitable used on trading stocks​ than trading altcoins
because marketcap of stocks in the world more much than marketcap altcoins or bitcoin.

can you explain to me what does market cap of altcoins have to do with ability today trade them or now?

i can see how it can be harder to predict altcoins just because they are usually fake pump and dump coins and move with no logic and against all speculations but the fact that they are being pumped to the moon means you can make amounts of profit that you can never make anywhere else.

Day trading is style of trading and not today trade altcoins there are some types of traders in trading activity they are scalpers, day trading, month trading and investors (investing for long time) what I mean with marketcap altcoins be compared stocks is capitalization between altcoins include bitcoin with capitalization stocks market, you can see on here http://www.nasdaq.com/screening/companies-by-industry.aspx?exchange=NASDAQ&sortname=marketcap&sorttype=1
And here http://coinmarketcap.com/

[ArnoldChippy]

In altcoin trading,is day trading profitable or trading on a long term basis?

It looks like some of the major altcoins could be good long term investments like ETH,DASH, etc. I don't trust the many minor altcoins out there. Some seem to drop and just fade away to nothing. You don't want to get stuck holding the bag on those for long term.

i think there are still so many other alt coins which can give you good and long term investment. i think you need to have good opportunities of making money from trading altcoins also.

[whizter]

Since I'm not a day trader and I know how much time you need to accumulate for it. I will prefer to do with long term trading, it's much more easier and you just need to be patient before selling your trades. Though the profit will just come once but after selling and earning, you can just do it again by doing the same procedure.

if you do not a day trader then you many also will not be so much effective, so you first need to get some good experience in trading and only then you can make good money from alt coins trading.

[richardsNY]

In altcoin trading,is day trading profitable or trading on a long term basis?

It looks like some of the major altcoins could be good long term investments like ETH,DASH, etc. I don't trust the many minor altcoins out there. Some seem to drop and just fade away to nothing. You don't want to get stuck holding the bag on those for long term.

i think there are still so many other alt coins which can give you good and long term investment. i think you need to have good opportunities of making money from trading altcoins also.

The far majority of the altcoins have proven to be horrible long term investments. If you plan to be a bag holder, then surely go ahead. Altcoins serve only a very short term speculative purpose. They enjoy no real world usage where their network is empty, and the majority of the transactions come from people sending to and cashing out from exchanges. So tell me, what long term potential do you see there? Nothing....

[tifossi]

Based on our analysis we try to hold a coin for not longer than 2-3 weeks. And mostly we're correct.
It always depends on what are interests. If you bought DASH a year ago and sold now you can have huge profits. I personally try to jump in of o see a pump is coming and try to go after good profit.
I bought DASH around 0.03 and sold at 0.6. Yes if I see now there was more possible. But to double the amount within 2 weeks is better than holding on my opinion.