Is trading Bitcoin and other alts still profitable?

[osasshem]

There might be some little changes of how trading of then is to now. Trading of now is focusing on a long term holding for a bigger profit margin, and altcoins are like down dew to the heavy rise in the price of bitcoin.

[hastag_80]

I was a trader awhile back, I want to say about a year ago now and wanted to know what the current state of the market is for the traders that are currently trading to this day? I know a lot of the current exchanges that I used for trading, such as Poloniex, are still around but aren't really being used much as before.

I wasn't able to profit much but would like to hear how people are doing these days. Thanks a ton!

Definitly yes! trading bitcoins and altcoins now is still profitable especially if you found out that there is a potential altcoins that capable to pump in trading in market exchange.bitcoins is in demand now in terms of an investment and mining process.

[gesdan]

maybe to join with another trader to buy and hold some coin in this time is not a good time, because right now the price of the coin are at the top, i don't know what happen in the next moment, but if we buy at this time it more risky. maybe we can wait it until the price is down

[Silberman]

I was a trader awhile back, I want to say about a year ago now and wanted to know what the current state of the market is for the traders that are currently trading to this day? I know a lot of the current exchanges that I used for trading, such as Poloniex, are still around but aren't really being used much as before.

I wasn't able to profit much but would like to hear how people are doing these days. Thanks a ton!

as what majority says trading now a days is getting harder and harder
Daytrading can only give you a minimal chance of profit while the chance of losing
Is much more,and what i can suggest is not different from them that if you want
To earn make it in long term flr your funds to stay safer and have a chance of big
Profit

And it is going to get even harder, if you think things are bad with the current bots trading wait until the big shots of wall street bring their million dollars bots they will create havoc in bitcoin and for any trader expecting to get some nice earnings, that is why even if trading is profitable right now for the average person that is going to change in the near future.

[milewilda]

In a thread i created, i used an example of an altcoin.


I said i would like to buy lisk at 5 dollars and buy 1000 lisk so 5000 dollars.  let say lisk is 0.0007 btc at that moment.  I buy it on bittrex.  Then when i notice lisk hits 6 dollars, i plan to sell it.  Thus make 20 percent profit on the 5k so 1000 profit less trading fees.  However let say btc went up around then.  So when i get my btc... i only get 0.0065 btc per lisk.


Someone tells me that here... i actually lost money.  Is this true or not?  I understand how i get less btc than i invested as invested 0.0007 btc X 1000 shares etc.... and get only 0.00065 btc x 1000 shares etc... assuming btc price went up.  So here... even though i lose btc... i still make profit right because the btc price is higher?  Someone said you are not suppose to look at the usd rate... you look at the price of the altcoin in terms of btc.  If that is true, and btc goes up, then how are you suppose make money on altcoin if it goes up not a lot then?  I thought if you buy an altcoin at 1 dollar and it doubles to 2 doubles, you double your money right?  But if bitcoin actually triples up from that moment you bought the altcoin... to the moment you sold your altcoin for btc... you are down money?  Can someone explain this? 

Do not get confused the most important question you need to ask yourself is, what currency you are using to buy your coins? If you bought using dollars then you care about the dollars when you sell, but if you buy with bitcoin, as is the most common scenario, then you need to look at bitcoin, so if you buy for 0.0007 BTC and sell for 0.00065 BTC you lost bitcoin even if you earned some fiat.

Above user has mentioned just the buying and selling difference leading to loss Here the major factor is while analyzing the market to pick the right coin for the trading purpose. Very few will be analyzing in a much precise manner and use it for trading, while the rest used to make a random pick and lucky people gets profited, others end in loss.

yeah there is no perfect science in choosing the right coin for trading but you can read their platform in which you have hint to decide either to buy or not.although we can say that trading and investing altcoins is a risk move but you can calculate risk by doing some research before investment.people doing this specially those who are good in analyzing data has an edge in treading and investing altcoins most likely they will prosper.

There is always the right coin to pick. Why do you think people are more interested to those tokens on top with huge marketcap?
So long as you have the money to trade, you can always pick the best ones because at least in the long run they all are going to be profitable when you just keep them.

But the question is how to know the best ones? For sure we would keep on those coins who are mostly on the top of marketcap which is really understandable. Trading is really profitable and if its not profitable then exchagers or trading sites doesnt really exist at all. Trading is prone to risk on losing money but somehow can be manageable if you do know how to handle trades.

[v0rtecxz]

it is quite difficult to get a profit from the trade today, let alone the increasing price of the day, the trade is still very profitable for big traders, but now that only a small capital I think it is very difficult to make a profit, I think better saving and waiting is the most appropriate thing for now, and waiting for its price is slightly cheaper to be able to buy it and hold it, until its price goes back up

[Ahiaba]

I was a trader awhile back, I want to say about a year ago now and wanted to know what the current state of the market is for the traders that are currently trading to this day? I know a lot of the current exchanges that I used for trading, such as Poloniex, are still around but aren't really being used much as before.

I wasn't able to profit much but would like to hear how people are doing these days. Thanks a ton!

Trading Bitcoin and altcoins are all profitable only if you have a good knowledge of trading. People are making cool money from Bitcoin and crypto currency trading including my humble self. The only thing you need to be successful in trading crypto currency is good knowledge of how it work though i don't believe trading is meant for every body so and discover the area that you have comparative advantage on and utilize it.

[yrreg ger]

I was a trader awhile back, I want to say about a year ago now and wanted to know what the current state of the market is for the traders that are currently trading to this day? I know a lot of the current exchanges that I used for trading, such as Poloniex, are still around but aren't really being used much as before.

I wasn't able to profit much but would like to hear how people are doing these days. Thanks a ton!

Trading Bitcoin and altcoins are all profitable only if you have a good knowledge of trading. People are making cool money from Bitcoin and crypto currency trading including my humble self. The only thing you need to be successful in trading crypto currency is good knowledge of how it work though i don't believe trading is meant for every body so and discover the area that you have comparative advantage on and utilize it.

I do think that trading crypto currencies is for all people, it just happened that some have better trading skills and all of us have different understandings. You see, many people around me are also into bitcoin and I have noticed that we might be earning and trading bitcoin at the same time but will differently managed our savings. Someone will have the chance of saving all of his earnings while some will always choose to sell and trade even at low prices because of needs. I guess the needs really affects the choice of a person when it comes to trading.

[emezh10]

I was a trader awhile back, I want to say about a year ago now and wanted to know what the current state of the market is for the traders that are currently trading to this day? I know a lot of the current exchanges that I used for trading, such as Poloniex, are still around but aren't really being used much as before.

I wasn't able to profit much but would like to hear how people are doing these days. Thanks a ton!

Trading is always going to be profitable however the conditions of the market changes and you will need to adapt to it, right now the market is very difficult you are going to be better off if you just hold your bitcoins, I think it is a better idea to wait for the market to calm down a little before you begin trading especially since you indicate that you only obtained some small profits in the past.

Trading will be always profitable as long as people will continue to support bitcoin in terms of transactions, or a part of investment. But it happened to be it always need to have a good form of system that could actually have, because it just need bitcoin as a common type of trading platform because it serves as a main currency that offer good form of crypto-currency to also experienced growth and development in time for us to gain profit and to have earnings in the future.

[BarbieCasino]

In a thread i created, i used an example of an altcoin.


I said i would like to buy lisk at 5 dollars and buy 1000 lisk so 5000 dollars.  let say lisk is 0.0007 btc at that moment.  I buy it on bittrex.  Then when i notice lisk hits 6 dollars, i plan to sell it.  Thus make 20 percent profit on the 5k so 1000 profit less trading fees.  However let say btc went up around then.  So when i get my btc... i only get 0.0065 btc per lisk.


Someone tells me that here... i actually lost money.  Is this true or not?  I understand how i get less btc than i invested as invested 0.0007 btc X 1000 shares etc.... and get only 0.00065 btc x 1000 shares etc... assuming btc price went up.  So here... even though i lose btc... i still make profit right because the btc price is higher?  Someone said you are not suppose to look at the usd rate... you look at the price of the altcoin in terms of btc.  If that is true, and btc goes up, then how are you suppose make money on altcoin if it goes up not a lot then?  I thought if you buy an altcoin at 1 dollar and it doubles to 2 doubles, you double your money right?  But if bitcoin actually triples up from that moment you bought the altcoin... to the moment you sold your altcoin for btc... you are down money?  Can someone explain this? 

Do not get confused the most important question you need to ask yourself is, what currency you are using to buy your coins? If you bought using dollars then you care about the dollars when you sell, but if you buy with bitcoin, as is the most common scenario, then you need to look at bitcoin, so if you buy for 0.0007 BTC and sell for 0.00065 BTC you lost bitcoin even if you earned some fiat.

Above user has mentioned just the buying and selling difference leading to loss Here the major factor is while analyzing the market to pick the right coin for the trading purpose. Very few will be analyzing in a much precise manner and use it for trading, while the rest used to make a random pick and lucky people gets profited, others end in loss.

yeah there is no perfect science in choosing the right coin for trading but you can read their platform in which you have hint to decide either to buy or not.although we can say that trading and investing altcoins is a risk move but you can calculate risk by doing some research before investment.people doing this specially those who are good in analyzing data has an edge in treading and investing altcoins most likely they will prosper.

Trading is no doubt the most profitable thing to do and you can make some very good amount of money if you will be having some good background knowledge about the things related to that of trading. So you do need to learn the basics of trading first. After than you can smart trading by any coin which you think is good for making money. Moreover, the choice of coin greatly depends on your financial status as well.

[tengkukaya]

Alts have extremely high risk vs reward. Only a few get lucky and when they do are they even disciplined enough to convert it into BTC and hold it long term?

[Silberman]

All of crypto currency are profitable if you buy it in the lowest price just hold and wait to increase that the best way to earn money but just remember that it is not 100%  you can earn in trading .. There is also a risky in trading especially if you dont make some research or buy shitcoins like what happen to me I buy Moon coin the price that I bought is 9 then the current price is 1 .. I loss my money ( $200) in trading because of veing hype and lack of knowledge

The problem is that people see a coin going up and they think this is going to keep up sometimes it happens and you earn money but sometimes it does not and you lose money as a result, the most important thing is to buy a coin when it is cheap, not when it is expensive, that way when it finally goes up you will be in profit almost immediately.

[kelinci_putih]

Trading is still always profitable, but now by holding bitcoin we can earn profit more than trading and the risk is much lower. Now trading more harder than  before because the markets are moving so much. A lot of altcoin price goes down, this will make the trader will hold their coin until the price will get back to their previous price if they don't want lose their funds.

[jazmuzika217]

I was a trader awhile back, I want to say about a year ago now and wanted to know what the current state of the market is for the traders that are currently trading to this day? I know a lot of the current exchanges that I used for trading, such as Poloniex, are still around but aren't really being used much as before.

I wasn't able to profit much but would like to hear how people are doing these days. Thanks a ton!

Definitly yes! trading bitcoins and altcoins now is still profitable especially if you found out that there is a potential altcoins that capable to pump in trading in market exchange.bitcoins is in demand now in terms of an investment and mining process.

You have a point dude! Trading bitcoin and other altcoin will give you a profit but ofcourse you need to analyze, research, review the altcoin you will buy. Dont trade to any shitcoin its better to choose a coin with a high market volume everyday because it have a high chance to pump up in the market.
Trading is risky but it can less if you have a good strategy.

[Dobrodav]

I'm not sure. Because it depends on your skill. As you can see, Altcoins price still go up every day. If you can't get profit from them, that is your fault.

[sana9826]

trading bitcoin will give you profit for bow, but if you want to trade altcoin, better dont do that because the price are getting lower mostly. it's good time to hold bitcoin for huge profit then, but depend your willing, if you want to trade it, just do it.

[jimbo2000]

By its very nature trading has to profitable for someone, generally in order for someone to lose, someone must profit. If you sell a coin and the price goes up, someone has bought that coin and the price gone up. If you buy a coin and the price falls, someone has sold that coin and saved themselves money. Therefore the answer is it depends on if you are one of the better traders or not.

[Jaya912]

Trading is still going on well, but holding of your coins now for a longer term is of more profit than trading immediately there is a pump or a dump,  cause every trader now is looking for a higher profit with the lowest risk.

Right,  I have also noticed that.  The price of the coins is continuously increasing especially bitcoin  and holding seems more profitable.  When it comes to altcoins the price are low after the bounty distribution,  holding or setting order in a profitable price is much smarter. Most of my  bitcoins comes from trading  and because of the fork the value of bitcoin continue to increase.

I also prefer to hold than just do short trading. Most altcoin especially bitcoin will grow back to its high again just matter of time.
I think altcoin trading now is more profitable than before. Now litecoin etherium and friend have chance to grow more.

[notthematrix]

Trading bitcoin is useless, you just trade the alts and they rise with the bitcoin, the best is to increase in bitcoin and in dollars at the same time

[Rana590]

Trading is not a easy method for earning money. At this stage, trading still profitable but you should know the basic rules of it. Trading on altcoin is more profitable than bitcoin. Bitcoin is now for holding.