Is Altcoin Trading Truly Profitable

[Cnut237]

You need to thoroughly research the coin, so you know what it is you're dealing with. Then you need to keep up to date with developments / rumours. Finally you need experience of how the market behaves, which you can get from following any coin really.

[digitalgame4life]

Altcoin trading is very profitable, more profitable than bitcoin especially if you havent got more than 1 bitcoin altcoins are way more profitable than bitcoin, why should btc be more profitable?
Altcoins can gain as much as 70% up in one day, chances of doubling or even trippeling your money on altcoins are more, on long term if uou got enough to spend bitcoin can also be profitable.

[TSM.Global]

If you don't buy a ticket, you don't win the raffle. Now that Alt coins have been around for a while, the debate whether these are scams of not is boring. It's more like an investment with high stakes.

[Prodigan786]

It’s completely depend on the strategy you use to trade if your looking for long term trade then invest on high potential coin like recent bitdice CSNO or aventus kind of tokens otherwise follow pump and dump group buy and sell coin but don’t greedy with short term trade take the profit in minimum margin.

[niisarearning]

It’s completely depend on the strategy you use to trade if your looking for long term trade then invest on high potential coin like recent bitdice CSNO or aventus kind of tokens otherwise follow pump and dump group buy and sell coin but don’t greedy with short term trade take the profit in minimum margin.

Yes i do agree if your making proper strategy then thew will be a profit and also you can reduce the loss i believe in long term investment atleast for 3 months i dont believe in day trading.

[Pattart]

It’s completely depend on the strategy you use to trade if your looking for long term trade then invest on high potential coin like recent bitdice CSNO or aventus kind of tokens otherwise follow pump and dump group buy and sell coin but don’t greedy with short term trade take the profit in minimum margin.

Yes i do agree if your making proper strategy then thew will be a profit and also you can reduce the loss i believe in long term investment atleast for 3 months i dont believe in day trading.

You should also know that although altcoin trading is very profitable but altcoin trading has a considerable risk dude. you can see almost all altcoin is currently experiencing price declines. all altcoin graphs in exchange are red colour. it is a risk on altcoin trading. you also have to be smart in the analysis in order to avoid this situation

[yourialfa]

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.

You are right. patience is the key to trading. we have to wait until the right moment to be a good profit. we also need to look at market prices and estimate all possibilities.

[burnedbyfees]

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 don't have much yet, but started with a few dollars worth from filling in surveys to having half a bitcoin.

Blockfolio is a good tool to use, often because of crashes and having coins in different places you don't feel like you're getting anywhere, Blockfolio just reminds me I'm heading in the right direction.

I'm not sharing my favourite strategy though. 

[KluFf]

It still depend on how you invest a coin and hold on it.
just pick the right choice so you know you can have a Profit on it.
Trading is Risky but if you know the strat it will be a good advantage ..
good luck

[Raxitto]

Most people enter into some altcoin as a way of protecting themselves (hedge) against Bitcoin. Here are some reasons why someone does this, in case Bitcoin has some kind of catastrophic failure that altcoin may not be subject to. Also an altcoin may have some future utility that is significantly better than Bitcoin, which will allow altcoin to overtake Bitcoin. And even if Bitcoin remains the most valuable crypto, there will still be room for some altcoin to serve some other niche market and thus make it a valid bet.

[sujonali1819]

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.

Alt coin is truly profitable when you have more experience about trading and crypto.you must able to research alt coin must have some formula. And dont invest all of your money in one box means  one alt coin. good luck

[coolstory]

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.

It's not good every time. There are some risks compared with bitcoin trading. Altcoins are vulnerable to the news and updates coming from the different countries and they can react hard. It's for Professional traders and brokers, if you ask me.

[gulshan1]

Altcoin trading is depend on your strategy that how do your book your profit.first small profit what ever you get. second one you are trading for long time. in long time trading we can earn huge profit. one more thing if you trade for low price altcoin that does not gives durable profit.

[ask]

there is a simple way to get profit from altcoin trading. But its for small budgets.
You can look for minimum volume markets and buy from dips and put your sell order %50 profit then in a month or less some groups will pump that coin for sure.
Quick but small money.

[Maveth13]

Of course altcoin trading is profitable, if it's not then no one would bother with it. Trading in altcoin have a higher risk than trading in bitcoins, but if done right it could have a bigger profit even in short terms. Trading takes more knowledge and good strategies than just luck.

[poldanmig]

Altcoin trading is the most profitable. Indeed the risk of loss that may occur is same, altcoin gives a huge advantage. And in essence, only patience that gives maximum results.

[yogesh01]

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.

[feelideb]

To answer your question, altcoin is insanely profitable. For example: I bought stratus in January when bitcoin was $950 @ 6k sat. I sold stratus in August when bitcoin was $4800 @ 200k sat.

[germa66]

of course it is profitable, if not profitable then there will not be many traders who succeed in their lives. I can say I am also a trader, but not an expert. I only do the main principle in trading that is buy low and sell high.

[Mihaylovic]

Ofcourse they are profitable but only when the trend is so bullish. For example altcoins were extremely profitable 4 months ago. We are all waiting for a new good trend time again.