Is Altcoin Trading Truly Profitable

[muncuss]

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've tried, but I can't make the magic happen though. I'm either on a small loss or a very small profit, on the altcoins I've invested. They should be quite profitable though, because on some pumps I see gains of 200% on the last 24h, and that is just huge. I never managed to gt anything like that though. Maybe I'm not good enough, or maybe it's just a matter of luck.

bought ltc at 0.017, and now it's at 0.013. Don't have any choice beside hold, maybe for years. Big coin never gave me big profit, small coin does (3x and 10x ).
200% is huge profit but also has big risk, i prefer to buy in health grow. Also i think big pump only happen for one time, 200% on last 24h mean you won't see any pump for a week or month

[danherbias07]

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've tried, but I can't make the magic happen though. I'm either on a small loss or a very small profit, on the altcoins I've invested. They should be quite profitable though, because on some pumps I see gains of 200% on the last 24h, and that is just huge. I never managed to gt anything like that though. Maybe I'm not good enough, or maybe it's just a matter of luck.

bought ltc at 0.017, and now it's at 0.013. Don't have any choice beside hold, maybe for years. Big coin never gave me big profit, small coin does (3x and 10x ).
200% is huge profit but also has big risk, i prefer to buy in health grow. Also i think big pump only happen for one time, 200% on last 24h mean you won't see any pump for a week or month

Well you really have no choice with that numbers.
If I were you I would rather hold also and wait until it reaches the number that I want.
It does happen with bitcoin too and just recently a big dump was seen which tests all the holders.
I guess we have to control our emotion to see profits with altcoins or even with bitcoin.

[vc888888]

Now a days market of coins is approximately down and if you want to invest in coins then it’s the time to invest because when the market go to its normal stage then the coin rates will be reach to very high and you will get a very high profit.

[overlooker]

sure its profitable... for some. its a zero sum game.

[yura_878]

So good topic, the most interesting is how to properly trade for himself the beginner in this business

[XCANA]

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 profitable for those who have the skill on how to trade in cryptocurrency because trading is something that required skill and not for you  to just jump into because you want to make profit.

[dhas]

Yes you can earn from it. As long as you bought your altcoin to its lowest price. Because when time comes that the price of it move up again, you can sell it and earn a big profit.
But if you buy your altcoin when the value of it is still high, and sell it. Surely you'll just earn a small amount and if ever you will loss.

[_Dawid_]

It is obvious that it is, but the problem is how in general make trading profitable. In fact you can trade anything, and a lot of people try to trade.
Why we only see the successful traders, and why? Because nobody with the unsuccessful history wont show us their lose it is natural.
How to succeed in trading? A lot of training, constant looking for hot news, knowing all strategies and charts types and then you will maybe become a profesional(for-profit) trader.

[samy_voc]

Honestly speaking I have not made  any profits but just paid transaction fees to coinbase, and wallets. Yet to make any profit

People who have made profit are those folks who were in it 1 year ago as they can afford to buy bunch of coins for such a low price.

Now that the coin price have gone up , u need to invest more capital to have some activity and make some money. I am not sure how many experts will agree with my theory.

This is my facts based on 2 months of exp in crypto world.

[Lpim01]

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.

Exactly, getting a smart choice and a wise decision is the best strategic action you gonna do. Because trading is very risky and if you don't play it well, big possibilities that you gonna loss your money. But if you make it, then you gonna have a big profit.

[Butchick]

At some point, yes, or most of the time. Gaining profit in altcoin trading depends on whether you know how to play he game and how you play the game. in trading, you must be able to know which coin to pick and when to sell or buy it. Decisions mist be made wisely and not due to impulse since trading ks a very risky game and it requires a lot of skill and analogy. moreover, trading in altcoins is the fastest way to gain profits this a lot of people are into it.

[astrid.uchiha24]

just continue what you are doing and later on you will find out how trading on altcoins works, i mean it is just a mtter of experience if you do not have someone that can teach you. Being updated on some news abput upcoming coins and current coins is also a good trader habit.

[Raxitto]

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[BlockchainGod]

I think that trade altcoins is quite a profitable, but it is very risky. if you do not know how to trade, you better not to contact them.

[Mr.Halfthel]

I think that trade altcoins is quite a profitable, but it is very risky. if you do not know how to trade, you better not to contact them.

Yes for trading you need to have skills and patience. I know a friend he made a lot of money with investing in altcoins etc. So trading in altcoins is truly profitable if you know how it works.

If you haven't did trading before you need to contact one of your friends or your collegas who did that before unless you want to lose your money go ahead xD.

[Agarwaenel]

Well you can invest a little amount of money and hope that you can make profit. I heard that it will take time in order to make profit of altcoins. They will pump up the price and then you need to sell them. Thats how trading works i heard once that a guy had made 3 million dollars just with investing in altcoins. So its truly profitable.

[Ayers]

Well you can invest a little amount of money and hope that you can make profit. I heard that it will take time in order to make profit of altcoins. They will pump up the price and then you need to sell them. Thats how trading works i heard once that a guy had made 3 million dollars just with investing in altcoins. So its truly profitable.

altcoin trading is different from altcoin investment, with investment you have less risk and you can hope that your coin will go very high and do a good return, with trading there is a higher risk because you play against the market on a daily basis

[coingrow]

Yes, altcoin trading can be actually profitable provided the trader is either an fundamental and technical analysis expert. Or if the trader has been extremely lucky and bough a few alts when they were cheap or in consolidation stage and have been patient through the rough weather. In my case, I tend to pick alts that are cheap and dont sell on shake outs.

[BigBall]

Truly strategy is to connect with right people on social media,forums,to try to trade with own money.Check make money online facebook groups,find some guy which is good crypto trader online,follow him ,be friend with him etc...

[Gotomoon]

Truly strategy is to connect with right people on social media,forums,to try to trade with own money.Check make money online facebook groups,find some guy which is good crypto trader online,follow him ,be friend with him etc...

Indeed trading is truly profitable when you are knowledgeable about charts, and make some analyzation when you enter the market. Follow someone in social media, and forums is a plus this could also lead you to success.