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Author Topic: Is trading Bitcoin and other alts still profitable?  (Read 4384 times)
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November 02, 2017, 10:32:58 AM
 #21

At this phase? I'd say that holding is a lot more profitable then trading and It's probably safer but  If you decide to trade then do it for the long term and with coins with a good roadmap, getting involved in some pump and dump useless coins will only make you lose eventually.
I think it all depends on the person himself. If he is good at trading and he actually thinks that he can do well in the world of trading, then there is nothing bad in doing trading. In fact, trading is the best thing to do but only when you are having a very good grip on each and everything. Otherwise, there is no point of taking such kind of risk and you should go for playing a safe game instead.

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November 02, 2017, 12:01:21 PM
 #22

Trading with Bitcoin is definitely profitable at the moment, it's so volatile that you could definitely make some big profits if you're day trading.
The altcoin market is a bit worse of, profits are still to be made there, but it's more difficult to pick out altcoins which are going to be doing well.

I'm not sure though how long it's going to take for Bitcoin to experience a serious drop, I'm interested in seeing what will happen after the fork.
I'm already prepared to temporarily sell some if the price drops significantly.


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November 02, 2017, 12:12:46 PM
 #23

There is quite a lot of volatility in the market at the moment and will be continuing on the lead up and after the 2x fork so i would imagine trading now is quite good with profits to be made
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November 02, 2017, 12:56:26 PM
 #24

When we speak about bitcoin, it is more profitable to hold them rather trade. As you could see, the market price continue to surge up faster than ever before due to the upcoming fork. There will be times that the market price become constant and a little bit of ups and downs but due to bitcoin increase of popularity and more demand then expect that another massive price increase will come.

As per altcoins, the more popular ones such as ETH and LTC are good for weekly and monthly trading (this is only my opinion guys). If you have a lot of investment then day trading the coins mentioned will not hurt your profit.

For me, lesser known coins that already trading in popular sites such as Polo are best for weekly or monthly trading as the transaction activity is still low and an increase will only be expected if there is another implementiom or improvement of that "coin". You could also go into day trading, only "if" the market is active and with huge number of transactions per hour or day.
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November 02, 2017, 12:59:09 PM
 #25

If any market has volatility then it is profitable to trade in, the difficulty comes from being able to accurately predict that volatility. I feel the market now is probably a little harder to predict than a few years ago but it is certainly still much easier to make big gains trading crypto than pretty much everything else.

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November 02, 2017, 01:02:12 PM
 #26

Trading was a lot more profitable back then but since all the fork and ICO bans are on trend the trading of coins has gone way down.
People fear to invest in Altcoins these days since their prices are in down trend these days. Altcoins have been going down since many months but the China ban have boosted it's down trend followed by the forks. Altcoins trading is not at all profitable these days whereas Bitcoin trading is as good as it was. Bitcoin is reaching new heights everyday and is giving good profits since the price is keeping on increasing daily.

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November 02, 2017, 01:16:17 PM
 #27

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!

This is the best opportunity to buy some cheaper altcoins mate. Altcoin market is bleeding. Most of the altcoins are dropping drastically as traders are going to Bitcoin for it's upcoming event which is the hardfork. I already bought some altcoins in the market hoping to get profits from that in the future. But i admit that trading altcoin right now is very hard. Compare to the first half of this year. Almost all altcoins are being pumped and im able to get huge profit from trading altcoin. But right now, most of my trades are failed and i lose huge amount. I still keep my altcoins anyway.

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November 02, 2017, 01:16:33 PM
 #28

There is quite a lot of volatility in the market at the moment and will be continuing on the lead up and after the 2x fork so i would imagine trading now is quite good with profits to be made
Exactly. Before fork always like that. Here, All this drama is created to buy off Bitcoin from general public. Everyone looking forwards upcoming 2x fork and this is the cause bullish rally of bitcoin. By this short term investment you will credit 2x equivalent of each coin. Bitcoin is rising which causes a massive decline in alt coins but this does not mean turn off over alts. Alts will go up afterwards as money flows back into the ecosystem.

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November 02, 2017, 01:19:04 PM
 #29

Alts can be still great but now i think not a good idea because of BTC going up and wants to reach 10k by the end of this month. so maybe after the btc fork.

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November 02, 2017, 01:24:39 PM
 #30

Holding is much more profitable now than trading altcoins. I have been trading alts for the last 3-4 weeks and just today I reonounced to keep on trading as it is impossible to make a profit with such a Bitcoin raise rate.

I should have stopped long before.

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November 02, 2017, 01:56:42 PM
 #31

Holding is much more profitable now than trading altcoins. I have been trading alts for the last 3-4 weeks and just today I reonounced to keep on trading as it is impossible to make a profit with such a Bitcoin raise rate.

I should have stopped long before.

Thats true, as a matter of fact i just rcently  bought altcoins, but i think my decision is wrong because bitcoin is rising that affects my altcoin so much. If I only knew then that bitcoin will consistently increases its value i should have not buy altcoins instead hold my btc.
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November 02, 2017, 01:59:26 PM
 #32

When I look at the market is not about trading that makes the fastest profitability but by HODLing bitcoin. We have seen it this past few days a high jump from 6000$ and now to 7300$ per bitcoin. If you have bitcoin in this time of the day you have more than the profit of a month in trading that’s for sure. But I don’t have no ideas with alts now as it not going pretty well, I think.
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November 02, 2017, 02:07:50 PM
 #33

nothing doubt of that idea's trading bitcoin and altcoins are profitable but depend in your strategy and skills how your investment makes profitable, but ihink hoding of bitcoin for now are profitable the price of bitcoin continue increasing maybe before fork the bitcoin price reach the price at 7000usd hope so.

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November 02, 2017, 02:50:42 PM
 #34

There is quite a lot of volatility in the market at the moment and will be continuing on the lead up and after the 2x fork so i would imagine trading now is quite good with profits to be made

I think we are not on the same boat. It is profitable yes but it depends on the crypto currecncy being traded. I am waiting for the bitcoin price to dump a little before I started to sell some of my tokens I have invested. I just hope that will happen this upcoming fork.
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November 02, 2017, 03:00:05 PM
 #35

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 more much thrilling today than year ago since aside from the continous rise of Bitcoin, there are lots airdrop coins recently that can do crazy pump resulting for more bitcoin in return when being traded. Since bitcoin price was experiencing a crazy pump, even BTC0.01 earnings from those airdrop coins can seen as decent one. The volume even for small exchanges blooms which is a good sign that big pump can also happened even on small exchanges.

But because of that, there are lots of new airdrop that is scam and totally a shit. So joined at your own risks.

With this continous price rise of bitcoin, holding it is a wise move for an average bitcoiner.

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November 02, 2017, 03:08:44 PM
 #36

I started to do a bit of alt coin trading just as they reached their peak.  I put in 0.1 btc, make a couple of quick profits but now its only worth 0.01 btc.  The value of alt coins is dropping in relation to btc.  Or should that be btc is going up in value, making the alt coins worth less on a coin/btc exchange.  All the while btc goes up, it will be bad for trading.

The only sales I have made recently have been random spikes in a coins value that triggered a sell and then went back to normal.  I now think of these as long term investments with sell prices 1.5 times what i paid for them.  Just as my doge tripled in value over 3 years, so will these (hopefully).



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November 02, 2017, 03:55:42 PM
 #37

I am not an expert nor a trader but upon reading discussions in this section, I think it is best not to risk your money in trading if you are not well-experienced. According to the comments, trading would provide an individual the profit he desires if and only if he really knows what he is doing. Therefore, we can say that trading is profitable for some and not for all. It is limited to those who have enough knowledge and strategy and is not open to all kinds of people in the cryptoworld. Unlike joining signature campaigns and investing which is open to all, a lot easier to understand and profit can be easily acquired. Hopefully, I will learn trading too by researching and readind threads here.

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November 02, 2017, 04:08:15 PM
 #38

Seeing the current situations it wont be wise to invest into Altcoins now since most of the promising altcoins have gone down.
The rise in Bitcoin have dragged down almost all the Altcoins. So instead of investing into altcoins it would be much better to hold Bitcoin.
Holding Bitcoin itself would return a good amount of profit since it has been going upwards at a rapid speed. Besides that, there are also sudden surge at times through which we would be able to get a good profit. I myself got some money out of the surge. So Bitcoin would be the obvious choice.














 

 

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November 02, 2017, 04:23:44 PM
 #39

I didn't trade by alternative coin but I holded bitcoin for long time.And I believe that investing on bitcoin is more profitable than any other coin.But you must have big capital to invest on bitcoin.I also heard some people saying Alt coin like ripple,dash,ETH are very profitable.So I do recommend trader to invest on those alt coin.But I got big profit in short time by bitcoin only.And I think bitcoin is best for investing.

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November 02, 2017, 04:47:33 PM
 #40

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 it is the best for you to have profit and all of know about this that this is risky but it may become profitable if you know how to handle first your emotion of it cause the emotion that you can encounter in trading alts may become so risk than trading bitcoin , bitcoin is more good regarding on holding but if really want to have a huge of profit then trade this coin is the best.

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