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Author Topic: Is trading Bitcoin and other alts still profitable?  (Read 4718 times)
knightmairesaint
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January 03, 2018, 10:40:38 AM
 #281

Basically altcoins are more profitable than bitcoin. Bitcoins are a good investment, but it can't go 100x or 1000 easily in a short timeframe like altcoins can especially those that are sleeping for ages, under the radar and very cheap.
As for now, it is very hard to invest in bitcoin because of its high price so many traders and investors prefer to invest in altcoins. Both bitcoin and altcoins are still profitable but of course there will be risk taken and the success will depend on how good you are in selecting the coin to invest into and how smart you are as a trader. Trading and investing is not easy and there is no assurance there will be a profit gained in the end but of course there is a possibility.

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Sengoko
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January 03, 2018, 11:48:30 AM
 #282

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!
trade is still profitable if we do it right. but I end up choosing to hold my coins a lot because of market movements that I think are less stable.
In trading, the choice of coin does matter but the thing which matters is the most is the amount of knowledge you do have. I will suggest you to go for altcoins as these are the best coin preferably for day trading. Holding of bitcoins is more suitable of you are planning of buying of bitcoins as this will for sure help you in having more money as compared to your initial investment.
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January 03, 2018, 12:30:34 PM
 #283

It is still profitable, but it requires a lot of work. You need to be adept at certain altcoin for you to be able to calculate the risk of trading. The market is too volatile right now and it kind of felt as if you're really gambling when you trade. But if you have the knowledge and have mastered the workaround for this then this is actually the fastest way for you to grow your portfolio.

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January 03, 2018, 12:34:56 PM
 #284

Trading is always profitable. The question is only how much you have to invest and I don't mean only funds and how much you will get back.
It's not so easy to make profit with trading like it seems and it takes time and experience.
It's also important which coin you choose and how well you know the market. The choice is not easy and you have to pick very carefuly, losing money is easy.

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January 03, 2018, 12:42:57 PM
 #285

It all depends on how you play your game. If you do not know how to read the chart, don't just jump into it. I've lost a whole lot of money while trading. It sure is still profitable, but on can lose too.
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January 03, 2018, 12:46:24 PM
 #286

Yes you can start bitcoin trading with a different platform and you can still now make a profit with your trading if you know details of trading.
Definitely yes, trading bitcoin and other altcoins are still profitable because if we are a great or an expert in trading, we will surely have a win win situation by doing trading with bitcoin and other altcoins, but me i am not yet doing trading with bitcoin because i am just holding my bitcoin because i am waiting until the value of it is will rise and trading other alts very profitable just like doing trading litecoin.
 

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January 03, 2018, 12:55:50 PM
 #287

I think that only trading in bitcoin at this time will not be profitable is better to trade in some altcoin as well because usually the price of bitcoin and altcoin have the opposite price

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January 03, 2018, 01:04:34 PM
 #288

if you can go back in time Smiley) that trading Bitcoin and other alts  was very profitable. but for now,  it doesnt mean that you can not earn money but more difficult  Angry
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January 03, 2018, 01:05:57 PM
 #289

I see the current trade is very profitable because the price of bitcoin and altcoin is very expensive. there is some time the price of bitcoin and altcoin down then I think this is the right time to buy altcoin and wait for the expensive price to sell.

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January 03, 2018, 03:28:09 PM
 #290

For now, the best decision you can make is to just sit down, study,watch the trend yourself. See things as they happen. A week is enough time for your to understand what is happening in the market.
But for me i think HODLING is the best deal. HODL for a long time and make a kill outta the market.
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January 03, 2018, 03:51:19 PM
 #291

Yes, bitcoin and altcoins are still profitable. Now a days bitcoins price gained so high, so it is hard to invest in bitcoin. But it is still better to invest in altcoins because they have better future, definitely their price will go high in next few days. So one can start trading in altcoin due to low price and take better returns on it.
Simon pasco
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January 03, 2018, 04:11:27 PM
 #292

the problem of the alts is that they are very profitable for a short time then after it is the turn of the bitcoin, so on ..
AliCris
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January 03, 2018, 04:44:51 PM
 #293

It seems to me that it only makes sense to trade in large volumes and play on day waves. With small amounts does not make any sense.
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January 03, 2018, 05:25:26 PM
 #294

Day trading remains profitable but we can't deny the fact that the risk on it is getting worse especially nowadays that btc is not recovering yet and some alts are also falling down. For that reason, it's advisable if you hold your coins for now to avoid sudden losses. But since you already have experiene in trading, I guess you can handle this kind of situations so there's nothing wrong if you try.
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January 03, 2018, 10:57:18 PM
 #295

All the crypto or altcoins values don't stand still so that you can not be declared what will come in future. Almost every coin changes their value and price but no one can predict that will increase or decrease. We can not say anything about these coins future price and rate. Now a days people are knowing more about these type of things and encourages to investing into them and profit going lower but investing into bitcoin or any alts were so much profitable at the past. Investing into them will always profitable but you have to take the right decision.
Jackblack90909
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January 03, 2018, 11:13:03 PM
 #296

Yes trading Bitcoin and other altcoins still profitable, despite the high risks. You just need to get good knowledge about trading crypto currencies, and to start even with small budget. Then with time you will get good experience and avoid the biggest mistakes.
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January 03, 2018, 11:55:25 PM
 #297

Trading bitcoin and other alts are still profitable if you know the process and what alts you want to trade. There are some sites you will find the rate per alts.

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January 04, 2018, 12:17:46 AM
 #298

All you need is enough fluctuation to be able to buy and sell with a profit repeatedly over time and you could make money by trading. Once you started to know almost everything with it, in the end you'll say that trading will always be worth it. Because if you know and have an insight for the future forecast of a certain pump and dump of a coin, you know what to do.
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January 04, 2018, 03:15:03 AM
 #299

All you need is enough fluctuation to be able to buy and sell with a profit repeatedly over time and you could make money by trading. Once you started to know almost everything with it, in the end you'll say that trading will always be worth it. Because if you know and have an insight for the future forecast of a certain pump and dump of a coin, you know what to do.

yes, we can see that now the fluctuation is coming and we can prepare or we can buy more and sell if the price is higher so we can make a profit. bitcoin and other altcoins still profitable as long as we can analyze and will always give us profit if we know how to search the opportunity and the gap of the price so we can buy and sell. although not every coin have this, I am sure that there is a coin that will give us a chance for this so we can try.

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January 04, 2018, 03:41:50 AM
 #300

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