Is trading Bitcoin and other alts still profitable?

[BlockGemini]

Day trading can definitely still be profitable for those with a good amount of capital and experience with the volatile crypto market.

While I currently prefer to HODL everything, trading will always be profitable for certain individuals with the experience and know-how during volatile days with good entries and an ability to remove emotions from the equation and take profits regularly.

[coinjack1337]

It's absolutely profitable. I started with about 800€ by the end of june and now have coins with an estimated value of 3500€.

[clarkt]

Trading in Bitcoin is very profitable. I can not say the same for altcoin at the moment. Bitcoin has surpasedall my speculations and more. If you know what you arre doing especially during controvesial fork period, you may be netting 40-60% on regular basis!

[captainhera]

Of course, it is possible to make a profit, as you determine what altcoin you can achieve.

[Barbut]

It's absolutely profitable. I started with about 800€ by the end of june and now have coins with an estimated value of 3500€.

You've made good progress in these few months, congratulations on that. Trading is profitable and there is no question about profitability of trading, economy is based on trading with everything. Which coins you hold now I'm interested to know?
This couple months of sudden rise of bitcoin left many altcoins at the same point, just some of them managed to stay stable. With bitcoins this couple months was much better, fluctuations were so big and couple times bitcoin managed to fall and rise in hundred of dollars for just one night, who was brave to risk big amounts earned good money on this. Trading will be profitable in future too, that game will never stop!

[Bessta]

btc is too way high now so if you don't have that huge amount to invest,  think again.  I suggest you invest with altcoins which are bearish now, these may rise in 2 to 3 months or even after the fork. Look for the altcoins which have a good project and with market support,  it can be lucrative if you do your homework right. Do due diligence and I suggest you check your data on coingecko.

[coinjack1337]

It's absolutely profitable. I started with about 800€ by the end of june and now have coins with an estimated value of 3500€.

You've made good progress in these few months, congratulations on that. Trading is profitable and there is no question about profitability of trading, economy is based on trading with everything. Which coins you hold now I'm interested to know?
This couple months of sudden rise of bitcoin left many altcoins at the same point, just some of them managed to stay stable. With bitcoins this couple months was much better, fluctuations were so big and couple times bitcoin managed to fall and rise in hundred of dollars for just one night, who was brave to risk big amounts earned good money on this. Trading will be profitable in future too, that game will never stop!

My main profits came from

1) Trading only in Tether pair at low % gains - takes a lot of time but is a steady income. I traded almost every tether pair on poloniex and bittrex, preferebly LTC, XLM and BTC.

2) Being "lucky" with buying VTC at 1$. Still Holding 80 of them for long-term, i expect it to be the next ETH (in marketcap  )

From the profits i bought only Stellar Lumens and SHIFT for long-term holdings. I am very cautious when investing for a longer time.

[Silberman]

Trading Bitcoin is not profitable unless you have extreme patience and large capital to invest. If you can wait you just have to buy the dips that occur yearly and profit from the highs that also occur yearly. More than the lows as you can tell by the price;). 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?

Established alts are not as risky as you make them out to be, yes the risk is greater than the risk you incur if you invest only in bitcoin, but coins like ethereum or litecoin are not going to disappear or are going to be dumped since those coins have a high market cap already, you only need to choose some decent alts and you are going to be fine, now investing in icos and in coins with a very low market cap that can be very risky.

[n691309]

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!

If you were not able to profit much back then, what makes you think you will profit much this time around.
It is possible there seems to be something you were not doing right back then that if you do right this time, you can make some profit.

However, at this stage in bitcoin's life, it seems to me that holding bitcoin seems to be much more profitable than trying to trade now until probably the coast gets clear anyway.

[tmawheba]

Trading bitcoin and other altcoins are still profitable. Actually cryptocurrency is the future of digital world in that bitcoin is the emperor and other altcoin following it. Bitcoin is performing very well and the track record of bitcoin rate proves that it will give good return in future and other altcoins follow bitcoin so trading bitcoin and other altcoins are profitable only.

[Bmorebully79]

Def better to hold good coins right now or buy dips for the coins that have news coming out so you can hopefully sell before the "news" actually comes out for a decent profit, thats been a bit tougher latly

[Stedsm]

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!

In current days, trading both of them altogether is a losing deal because when Bitcoin falls, altcoins start to rise.
As S2X is out of the game currently (or could be said as postponed at least), I think there is a vast possibility of Bitcoin falling a bit and altcoins already started to boom when the news came. It's currently the best time to choose altcoins that are not touched yet by the pumpers because they will soon be picked and you will ride the savory road that's on the way. This looks like a "limited period offer", so hurry and start trading them "till stocks last*". 

[PokerFace3]

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 really foresee the bullish trend even stepping up the more after the fork.
The best way now is may be to chill out and watch the situation of things and whenever it seems there could be some corrections, then sell, and buy when it corrects. All the above, at this stage, anything we predict usually just end up being changed by any factor and holding for now just seems to be the best method.

[Hanebel]

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!

The trade still profitable among altcoin and the bitcoin itself. But the important thing you must know about a lot of people is holding their bitcoin rather than use it to trade on the exchange site.

The hardfork becomes a trend to the bitcoin holders which gives an ability to the holders to receive their own free money from the fork coin.

You must know about the fact that people are moving to the bitcoin and then after the hardfork will end and they will be moving towards altcoin again.

My guess if we are seeing altcoin right now and that will be not a good thing to hold long term. But this was not applying for some good altcoins with active development on the product and platform.

To hold bitcoin will be more preferrable.

I agree on this. Most people are investing in bitcoin for the long term and not for trading, maybe because of the unpredictable movement of the bitcoin price, every now and then price increase and then eventually decrease. And most people used altcoins for trading and not for holding it for the long term.

[Silberman]

It's absolutely profitable. I started with about 800€ by the end of june and now have coins with an estimated value of 3500€.

The value in fiat is irrelevant, how much bitcoin did you have at the start and how much bitcoin you have now, that is the only thing that matters, just look at Ethereum many people just look at the price in fiat and see ethereum at more than 300 dollars and think everything is ok but if you look at the price in bitcoin you are going to see Ethereum has been crashing for some time.

[Mahanton]

It's absolutely profitable. I started with about 800€ by the end of june and now have coins with an estimated value of 3500€.

The value in fiat is irrelevant, how much bitcoin did you have at the start and how much bitcoin you have now, that is the only thing that matters, just look at Ethereum many people just look at the price in fiat and see ethereum at more than 300 dollars and think everything is ok but if you look at the price in bitcoin you are going to see Ethereum has been crashing for some time.

There are really people who do really always look up on fiat value rather than on its real value itself on each coin either on ETH or on BTC. Trading is always been profitable as long there is a tug of war of seller and buyer this market would really be profitable no matter what.This is why we should really be wise when we do make trading.If there someone profitable for sure there is always who lose up money.

[omonuyak]

Altcoins and Bitcoin trading is still very profitable and one just need to buy any coins and sell them at the right time. For those that buy Bitcoin when it fell bellow  $6000 on Sunday and now above  $7,200 can really testified that Bitcoin trading is still profitable. Since we are new in blockchain technology now is the best time to learn when to buy a coins and make good profit from it.

[Fazlurkhan.kz]

Trading is just like the graph of Bitcoins value. It's sometimes really good and profitable and sometimes the graph just shows a downward slope. But never be too quick to take any decisions, think thoroughly and then only decide whether to hold the coin or not. If you'd have researched well and know everything about that coin, which you should have probably done, you'd know whether it's the right time to hold or not.
Right now, the market is bad, not that good to traders, but as i said earlier, it's like Bitcoins value graph, now it's showing a downward slope but as we all know by past experiences, it'll surely rise. 

[Nariza]

Yes, they are still profitable. I am only a Jr. Member but I experienced how to trade. In terms of bitcoin it is better to hold for long term. If you want to get a profit, buy it in a lower price ang sell it in a higher price. Just only wait for the right time.

[RealPhotoshoper]

You can see at the price chart of bitcoin that trading is still profitable and trading some altcoins is also still profitable while many of them are simply unsustainable. You should also note that most traders simply don't make any money! So if it's still profitable for others doesn't necessarily mean that it's still profitable for you. Considering that some altcoins have very high winning percentages this year, it might be more profitable to select some good altcoins and simply hold them in the hope that they will succeed.

Trading bitcoin required a lot of capital nowadays , considering the value of bitcoin that outstanding so high
Imagine when you trade bitcoin worth $100 and the changes daily in bitcoin market below 5%.
What you can expect with that small grow in short term?  Altcoin more profitabke in this case.