Is Altcoin Trading Truly Profitable

[PursuitofGainz]

For all of your die-hard Altcoin traders out there, share some input on your experiences or strategies you may have implemented/utilized to find success. I myself have had my fair share of dumb luck (knock on wood) but i'm interested to hear what some of you legends have to say.

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[Zeeks]

Not legendary or die hard trader lol, but I would say that altcoin trading is truly profitable when you make the correct picks.
I usually just look at the whitepaper, roadmap, team, feasibility  and uniqueness of a project.

Seems to work ok so far.

[TagaMungkahi]

For all of your die-hard Altcoin traders out there, share some input on your experiences or strategies you may have implemented/utilized to find success. I myself have had my fair share of dumb luck (knock on wood) but i'm interested to hear what some of you legends have to say.

I'm not a legend on trading Altcoins but as far as i know, as long as you know how to play the game of selling and buying and selecting the good coin to trade, you gonna get some good profit from it but still it depends on the market and also the traders that affects the prices of that certain coin.

[h0lybyte]

I am a little experienced with altcoin trading an i can say that trading in altcoins is a fastest route to make profits.
First you need to understand bitcoin is the base currency in cryptocurrency market and altcoins are its followers in ups and downs.
Take this part in consideration that bitcoin is a volatile asset, incase volatility happens during your trade,you need to be patient and keep your deposits for long term.

[erickkyut]

Yes it is! Especially now that the market is very volatile and there were lots of price downs recently. Always buy coins when the price is down and everyone is in panic. You will surely get huge profit when everything are back to normal. I bought a coin last month and now I have 150% income from it. If I sell it a few weeks ago and I became impatient, maybe I will not have that kind of gain from it. Patient is the key to altcoin trading.

[PursuitofGainz]

What do you guys typically look for in a coin? Market cap, supply, price etc?

[batang_bitcoin]

For all of your die-hard Altcoin traders out there, share some input on your experiences or strategies you may have implemented/utilized to find success. I myself have had my fair share of dumb luck (knock on wood) but i'm interested to hear what some of you legends have to say.

I'm not an expert and no die hard trader also not a legendary in trading. It's very simple, analysis, future plans, longer terms of development and market cap.

What do you guys typically look for in a coin? Market cap, supply, price etc?

I'm looking at market cap, I don't care about the supply as it will just bounce with it's price and stuffs. What matters most is it's development and what will be the use of that coin.

[RoommateAgreement]

only if you know how to do it.

it is not luck, so what you say is not what i agree with. sometimes unexpected drops happen sometimes they are out of our hand but what you do about it is in your control. you can keep holding and hoping and still losing money or you can STOP it by dumping at a small loss and prvent bigger disasters.

in any case trading altcoins is only working as long as you don't buy in their bubbles. you buy before the bubble and then dump when others start talking about how good that altcoin is

[crptotrader007]

Determining whether altcoin trading is profitable or not depends on the amount you are investing in trading. A small amount of investment would generate a small amount of profit. It also depends on what strategy you are using. My basic strategy is to not sell in a loss.
Whatever the amount is, just hold until you get the profit. Beware that this strategy is only applicable to stable coins and investing in shitcoins would then obviously lead to a loss.

[stealth.money]

Yes and no. Long term like Ark is always better and less headache.

[bitcoinisbest]

What do you guys typically look for in a coin? Market cap, supply, price etc?

Whenever an pre ICO stage the coins come there are couple of things which people do research which may again differ from everyone it could be reading the white paper, the team and their vision, the supply and the demand it could have in next 3 to 5 years, their different campaigns and is payment done on time etc.

[Jovovich]

My style of altcoin investment is i use fiat money to buy btc then i trade it any altcoin just for safe keeping and wait until any of these altcoin will increase in price even just for 10 dollars. But right now its rare for altcoins to increase at such price. I would try to maintain lookout for the altcoins i have traded.

[kryptqnick]

I am a little experienced with altcoin trading an i can say that trading in altcoins is a fastest route to make profits.
First you need to understand bitcoin is the base currency in cryptocurrency market and altcoins are its followers in ups and downs.
Take this part in consideration that bitcoin is a volatile asset, incase volatility happens during your trade,you need to be patient and keep your deposits for long term.

I agree with you that now long-term holding is definitely better. As btc is jumping the other coins are mostly too unstable as well. They still didn't recover fully after Chinese regulations.
I'm glad there're people who learnt how to make profit out of trading but my experience showed that it brings me success if I hold the coin for about half a year.
Long-term investment is also a more easy one, 'cause you don't get involved all the time, you just keep track on the prices.

[xIIImaL]

For all of your die-hard Altcoin traders out there, share some input on your experiences or strategies you may have implemented/utilized to find success. I myself have had my fair share of dumb luck (knock on wood) but i'm interested to hear what some of you legends have to say.

Altcoin trading is not easy like bitcoin. There should be much patience to participate the trade by holding it for 3 or 4 months. If you chosen the right altcoin which the value is consider as increasing potential in future, you have to choose those altcoin and ICO token.
Choose the polenix as your trading platform, this has been used by the many people in the forum and outside.

[acpr23]

The more you invest in an altcoin the more you can gain or loss, that is the risk in bitcoin/alts trading, yet if you really are a wise decision making man, only buy at dips and can control your emotions well, i assure you, youll never ever loss money.

[puremage111]

For all of your die-hard Altcoin traders out there, share some input on your experiences or strategies you may have implemented/utilized to find success. I myself have had my fair share of dumb luck (knock on wood) but i'm interested to hear what some of you legends have to say.

Yeah, i can say if you pick the correct coins, wait for opportunities, once good trade would result you at least 10% or even x2-3 if it is pumped based on news or any other situation

[Herbert2020]

if altcoin trading was not profitable then it would have died and forgotten a long time ago. it is the profitability that keeps the investors around and brings in even more investors. but trading is something that is a little hard and takes time to learn and even more time to master.
most people unfortunately want to take the easy route and end up either treating trading as gambling or end up following pump groups and get dumped on and lose a lot of money and finally give up.

if you don't do these and start really learning it, then it can potentially be very profitable. even as a real full time job.

[SimilarCoin]

I agree with this: "if altcoin trading was not profitable then it would have died and forgotten a long time ago."

[PursuitofGainz]

if altcoin trading was not profitable then it would have died and forgotten a long time ago. it is the profitability that keeps the investors around and brings in even more investors. but trading is something that is a little hard and takes time to learn and even more time to master.
most people unfortunately want to take the easy route and end up either treating trading as gambling or end up following pump groups and get dumped on and lose a lot of money and finally give up.

if you don't do these and start really learning it, then it can potentially be very profitable. even as a real full time job.

Hm very good point, thanks for the input man I'll try and double down on research prior to getting back in on the investing game.

[danny0201]

Of course its profitable. Its just more volatile than other markets. 50/6/70% losses or gains in a day can happen. Just be prepared for a wild ride