Is Altcoin Trading Truly Profitable

[digitalgame4life]

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.

True, the market is very volatile and you can for sure make some good money trading altcoins, they usually have a standard price amount and will drop time by time, if you anticipate good and look for news you should always get some good profits, I recommend investing in good altcoins though and not the shitcoins since they are truly used for pump and dumps.
If you are a more experienced trader you can also trade bitcoin but I would not trade it if you have less than 4 bitcoin because the profits less will suck hard.

[Akash1243]

I do think that alts are profitable as their market is volatile and due to increase in bitcoins all prices have went down which is good thing as you can buy alts at low now and once they rise then hold and wait for profits.Always keep the coin you are going to invest an eye on its monthly or weekly ups and downs after that invest in them.Always keep calm and then 0after some experience you can earn profits.

[DanWagner]

Yes it is profitable , when you can see the swings and predict it.
Now you see prices go down because people want to have btc for the fork.

[Smoothmazi]

Your question is truly amusing . Alt-coin trading is truly profitable for the long term investors who do their research and due diligence before parting with their bitcoins. While alt-coin trading is truly heartbreaking for those day traders who think they can get rich quick in the twinkle of an eye .

[Xclusive5]

Altcoin trading is profitable and the same time you can lose big time

[Zarbout]

It's profitable if you have good trading strategy and if you have enough money to have a decent profit.

[blacktux88]

im thinking yu have to be lucky !

[bncbnc]

Altcoin trading is profitable and the same time you can lose big time

I also think so that altcoin trading is profitable but it need a lot of experience and knowledge. you must need a lot of study about bitcoin, you must get good information about altcoin. without study altcoin it is very difficult and risky to choose the right place to invest your money. Because not all altcoin can give you profit, as most of the altcoin are dead or near to die, and it is important to recognize such altcoins.

[John Pillow]

Absolutely, you just have to be plugged into whats going on get in ICO's during bonuses or get shortly after on news etc... You have to really pay attention and be involved in many groups tallk to alot of people to figure things out. Not easy but if you now what your doing you can make a shit ton onf money. .

[steveouttrim]

Look for patterns, certain coins seem to trade in quite a consistent range eg EOS, LTC, XRP. Buy in when Bitcoin starts firing and sell when BTC starts pulling back. Don't shoot for 100% profits on every trade.

[PANK21]

Yes altcoin trading is truly profitable because ive earn some money using altcoins by converting it into bitcoin. You must have to be patient in trading because sometimes the prices of the altcoins is rising and dropping it means the price is varying so dont get to your emotions and trade wisely to be able to earn more bitcoin.

[crazylikeafox]

It has been profitable with me as long as you have strategies to follow and discipline.
you will lose money if you go from emotional trading

[dx_twisted]

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 in the long run not just on short term. If you are good in controlling your emotions and patience then you will succeed in it, especially if you have a lot of investments as the more Altcoins you have, the more profit you will gain from it. You should also look to ICO's (new ones) such as Bounty hunting or Airdrops which some of them giving free tokens (i only suggest this if you don't have money to invest). Which might turn luck on your side and earn a lot.

So the basic principle in Altcoin trading is to have patience and control your emotions, don't look on a short term, look for the longer future.

[hua_hui]

Actually it depends on what you are trading in. There is a few ways to judge whether you are profiting or not. One way may not means it is profitable in another way. For example, if you have invested in a certain alt coin at $0.20 each. Price of bitcoin up by 20% while your alt coin up by 2 cent to be $0.22. So in term of fiat, you are profitable but in term of bitcoin, you are losing. So you have decided which part you want to be in and from there it is easier to manage.

[groko271]

Is Altcoin Trading Truly Profitable?

I believe the answer is no for 90% of traders.

[mevmike]

as long as you know what you are doing then,
for me altcoins can also be truly profitable.
i would even say investing in altcoins is more profitable than investing in bitcoin.
imagine investing same amount with bitcoin and on a altcoin.
a great possibility that you can double your money or even more can be seen with altcoin.
since their price can really pump in just moments.
of course altcoins is also very susceptible to dumping and you may also lose all your investment.
that is why you needed to do a real research before choosing what coin are you going to invest.

[akmittal]

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.

All the factor mentioned about are very important After that experience in the altcoin trading is must. You can do virtually trading for one month and note down your profit or lose every day. After that altcoin trading may be truly profitable.

[Ethophile]

LOTS of alt coins are just ways for the devs sell you junk for BTC, but there are a lot of solid projects too. It all depends on if the alt has substance or not. If it is hype, then be very careful. I don't think it is the worst idea to buy an alt that is down with the intent to turn a profit, but don't get suckered into a hype train... 

[nidacoinlove]

Actually it depends on what you are trading in. There is a few ways to judge whether you are profiting or not. One way may not means it is profitable in another way. For example, if you have invested in a certain alt coin at $0.20 each. Price of bitcoin up by 20% while your alt coin up by 2 cent to be $0.22. So in term of fiat, you are profitable but in term of bitcoin, you are losing. So you have decided which part you want to be in and from there it is easier to manage.

Yes it all depends on choosing the right choice of alts for your portfolio. Basically the price of the alts depends on the price of bitcoin most of the time. There are few alts that has the potential to grow and sustain with the bitcoin otherwise mostly the alts price increases a little.

[Duzter]

Actually it depends on what you are trading in. There is a few ways to judge whether you are profiting or not. One way may not means it is profitable in another way. For example, if you have invested in a certain alt coin at $0.20 each. Price of bitcoin up by 20% while your alt coin up by 2 cent to be $0.22. So in term of fiat, you are profitable but in term of bitcoin, you are losing. So you have decided which part you want to be in and from there it is easier to manage.

Yes it all depends on choosing the right choice of alts for your portfolio. Basically the price of the alts depends on the price of bitcoin most of the time. There are few alts that has the potential to grow and sustain with the bitcoin otherwise mostly the alts price increases a little.

However hard predictions and analysis were made, everyone can't get the right choice of altcoins. Better is to study the market situation and pick the altcoins for trading and then based on the growth or decline in value holding or selling instantly seems to be the better form of trading or profiting through altcoins.