Is trading Bitcoin and other alts still profitable?

[Domenc]

Trading Bitcoin and other alts is profitable at every stage whether market is going red or green it does not matter. The things which matter are your marketing skills buying and selling at right time and analyzing market news and graphs. If you are able to interpret the coming waves I can easily sail them and earn quality number of Bitcoin in no time. But without any prior experience or knowledge one will eventually burn down all his Bitcoin and alts.

[PrinceCaspian]

Of course it is. Trading will be profitable forever because when you are trading then you are buying from a low price and selling it for a higher price which gives you profit and if you will keep doing that and sticking to that principle then you will make a lot of profit from trading both bitcoin and altcoins in the crypto market.

[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!

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.

There are many reasons why people choose to invest for the long term, one of the reasons has to do simply with reducing the risk, the sudden moves of bitcoin are not as bad when you hold for years instead of weeks or months this also makes managing your investment easier since you do not have to monitor the price of bitcoin everyday since you are not going to sell that day anyway.

[anitaraymonds]

Yes trading is still profitable and those who are experienced still make reasonable profit. Any market that has liquidity is always making money for traders and cryptocurrencies are not exempted. All you need to do is do your research and trade your plan.

[BUK2016]

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 altcoin are still very much profitable for those that know how to trade crypto currency. But for those who don't know how to trade, it is still difficult for them to be successful in trading. Maybe you were unable to make much profit from trading as a result of you not spending much time researching about what it means to be successful in trading and given a gap from trading activities or practices also has a negative effect on your success in trading too.  

[guxu219]

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!

I think the day or the year you use to trade is to quite different from now because there is too many altcoins that are booming right now. Trading with bitcoins or in altcpins is always profitable depending on how you manage your trades. Keep on exploring and learnings we all start in lossing money on it but don't quit learning.

If you want to earn more and more high profit then I will suggest you to start buying more and more bitcoins and some altcoins also like ethereum as with time the rate of these coins are increasing so after sometime you can make enough profit from these coins by selling them.

[carlisle1]

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

[InvestICO2L]

I can answer you that Yes or no it depend on you. I think Crypto Currency and Stock Market is same, it's always exist good coins which you will profitable when investing and if you choose a bad coin of course you will be lost your money. Now if you still want to invest in cryptocurrency market i advise you should invest in bitcoin or ethereum which asserted its position in the crypto currency world although it can not bring much profit but it's safer than you invest in altcoins

[Silberman]

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.

[Ayiranorea]

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.

[wayaneka]

I have experienced in forex trading about 3 years, because really hard to get consisten profit a few month ago I move to crypto trading, and now I earned some montly profit and I feel crypto trading is more easy than forex trading. The key of succes here is patient, don be greedy, good risk management and always use and learn trading plan. So crypto trading is still profitable if we really do it all that think.

[Icaxx]

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!

Yes its still high profitable and more profitable if we do long term trading.
Day trading also is not bad but need good skill to do it.

[poplolnman]

I have experienced in forex trading about 3 years, because really hard to get consisten profit a few month ago I move to crypto trading, and now I earned some montly profit and I feel crypto trading is more easy than forex trading. The key of succes here is patient, don be greedy, good risk management and always use and learn trading plan. So crypto trading is still profitable if we really do it all that think.

more easy but with more risk involve , you know about that right. a lot of people hard to looking for a real reference on how cryptocurrency run , i mean are there a specific reason why it should go down or move? sometimes all of the reasons come randomly , mixed and even uncertain. no wonder a lot of people find it as a huge fortune only , not because of the real analysis.

[herminio]

Yeah its still profitable trading on bitcoin and altcoin, but it is very risky, i was a trader before and ill lost my money on trading

[Rodeo02]

I have experienced in forex trading about 3 years, because really hard to get consisten profit a few month ago I move to crypto trading, and now I earned some montly profit and I feel crypto trading is more easy than forex trading. The key of succes here is patient, don be greedy, good risk management and always use and learn trading plan. So crypto trading is still profitable if we really do it all that think.

more easy but with more risk involve , you know about that right. a lot of people hard to looking for a real reference on how cryptocurrency run , i mean are there a specific reason why it should go down or move? sometimes all of the reasons come randomly , mixed and even uncertain. no wonder a lot of people find it as a huge fortune only , not because of the real analysis.

yes exactly some are think this as taking the fortune of it but not at all necessarily to take it as how fortune it can be used for so better to take it more understandable on how does cryptocurrency work for more patient , study of cyrpto trading.

[TheCoinFinder]

No doubt that trading bitcoin is even more profitable than before due to growing rates.
Those who have invested before past three months, have earned a lot of profits through bitcoin.
I will not include altcoins as altcoins are in dip at the moment but apart from bitcoin, only Eth can be profitable.

[cryptojac17]

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.

[btctube]

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.

[Grossthschild]

Mostlikely YES.

I just dont care.
Buy more Bitcoin. Buy the King

[Aljohn08]

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