Is Altcoin Trading Truly Profitable

[Xxmodded]

I rarely in trade, but for me allcoin trading is very profitable, kususnya some coins that I have studied before
it's just that I'm not too eager to trade every day. only a certain time and a suitable moment when after studying the market first.

[iluvpie60]

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.

You can certanily make money trading altcoins back and forth.

We know certain news about bitcoin having an update or ETH having an update. YOu can use that news as a basis for figuring it will go up in price within the next few weeks or a month. Which means your BTC will be able to buy you more alt coins and or tethers and or Fiat(USD or EUR or wahtever).

So since we know that, we should be buying in to some right now. Altcoins can go up higher in price that btc % wise because some altcoins get pumped due to how little volume they have. Some coins can go up by 10z in a week due to pumps. The best strat is to buy a bunch of alt coins and focus on the ones that have low volume and or are going to do well/get updates that make people want to use them.

[bitcoinvestor]

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.

If trading altcoin not profitable, there will be no bittrex, liqui and other exchangers. All the exchangers market new tokens and altcoins. The traders of course make a lot of profit by the rising price of altcoins. Sometimes the profit can be 300 %, depend on how good the traders.

[chaosfourever]

It doesnt have to be all dumb luck. Invest in what has promise. Research the devs behind the coin and the project itself. Some examples that will only grow are Ardor which will be a great rival to Ethereum. Plus it starts up in a little bit is will definitely rise from then. Another is Deeponion. With the huge community and great airdrop opportunities you can help but gain. I love alts and that is where I invest. I rather invest smaller and do community activities to grow instead of sinking a lot of money into the big coins to only gain a little bit.

[Koadharber]

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.

If trading altcoin not profitable, there will be no bittrex, liqui and other exchangers. All the exchangers market new tokens and altcoins. The traders of course make a lot of profit by the rising price of altcoins. Sometimes the profit can be 300 %, depend on how good the traders.

300% is real and even 1000% is reachable and possible here on this altcoin trading world.And as you said if altcoin trading is not profitable then there would be no exchanges and there would be no popping out ICO everynow and then in the market.

[Tokener]

It’s completely depend on the strategy you use to trade. If your looking for long term trade then is always profitable.

[ongahawak]

Of course they are profitable but only when the trend is so bullish. For example altcoins were extremely profitable 3 months ago. We are all waiting for a new good trend time again.

[feelideb]

There  is no investment or  product that is as profitable as altcoin! Take ethereum for instance, it was selling below $5 at a time, look at where it is now! If you could just get in on quality alt, you will certainly make good profit.

[Aizhen05]

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.

way to success there is a lot also yes following some and make friends regarding with the trading is one of your strategy that you can make for but always make your own study it is much profitable and altcoin trading are nothing to worry about this because the success is in yours not depending for some opinion.

[Bitmedrano040117]

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.

Yes it may be the market was down totally but it is still a good sign to buy any of it, because ever since altcoin was a big help to anyone in this industry. especially to those community  who don't have any capital  neither able to buy bitcoin. So in the end they will join in a bounty altcoin campaign. Then after ICO they receive their rewards. And once they have it, it is now their chance to sell their coins in the market.

[1l1l11ll1l]

Of course. but with a higher risk, I think if we do not have enough skills to do it, we better avoid it or learn the mechanism first. because in comparison with others, altcoin trading risk is greater.

[freedomsr40]

I don't think so. Except you are organising some pump and dump group or you are extremely lucky, otherwise there is no real strategy that can work in this kind of market, especially if you stay there for very long time.

[abcd7]

Of course is truly profitable when you decide to make a good research and study about altcoin that you are interests to invest also what type of investment you will do . read carefully whitepaper  roadmap and the team behind.

[NelfiNovita]

yes trading is something that is profitable but you have to learn to master it and of course it will take more time because this is a difficult thing. and this also can not be separated from the amount of investment that you invest this very influence on big or small of profit that you will get.

[asriloni]

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

But that will be so easy to predict rather than use the bitcoin as your daily trade, because altcoin will be back again. I meant if you are looking at some coins and the chart looks same in some reasons, that's why to trade in altcoin really profitable.

[coinswebid]

profitable or not is depending on the traders results,,
if the can manage their emotions and their money, altcoin trading is good and very profitable.
and as all of us know altcoin trading is one of many the best way to increase our bitcoin 

[Zicadis]

Am not a pro trader but I know that if it's profit you after you should be ready to play dirty and be the shark you need to speculate some negativety or should I say spread FUD so that weak hands panic sell  the coins you after and you on the receiving end of the chain patiently waiting for cheap coins to flip for a good profit.

[NaissuR]

the best chances are to choose few good altcoins and to split the money into all of them for a long term investment.
the second tactic for day trading is checking the slack groups, being involved in what happening, for calculating the right timing to invest before some news are about to come..

[naidray]

Yes, I think so. I trade altcoin for couple of months and I earn some money with profit. In my little experience there is no doubt that Altcoin Trading is really profitable.

Eventually, it depends on the altcoin being traded. It is very profitable if the right altcoin is traded as some are just purely good for pumps and dumps. With very good research though, and with the right portfolio of good altcoins, trading altcoin can be very fun and profitable.

Sometimes, you may just need to be patient with some of them as they may hold down your funds a little bit longer than you must have predicted, most especially when you did not set a stop loss and it keeps taking the dips.

[Anita1873]

It depends on you. If you want 10-15% profit each month then it is achievable and give you always profit but if your targets are big like 100% per month then it can give you losses also as you never cut your trade in low profit and if market crash, you try to save your money and cut your trade in loss. If you do a proper study of your choice coin and after taking all things in consideration, you never get losses.