Is trading Bitcoin and other alts still profitable?

[etron]

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!

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[Granxis]

Two things are important to invest in Bitcoin and Altcoins. First, the quantity. Because there is no other choice than Bitcoin to invest in huge amounts.
Secondly, time. Those who are considering long-term investment should definitely choose Bitcoin.

[bamb]

Needless to say how much profitable cryptocurrency is. Take a look at coinmarketcap and compare the total marketcap in first half of 2017 and now. You will see a lot of difference and one of the best project that will aid trader to trade better this year is ALGORY.IO ALGORY.IO is developng cryptocurrecy trading tools for traders!  See it's ann and social media for details!

[Scambusterz]

Two things are important to invest in Bitcoin and Altcoins. First, the quantity. Because there is no other choice than Bitcoin to invest in huge amounts.
Secondly, time. Those who are considering long-term investment should definitely choose Bitcoin.

bitcoin has already a very high price and x100 on it will not work as opposed to altcoyins. for that and risks less.

[Nariza]

Well for me Bitcoin and other altcoins are still profitable. You can buy when the price is low and sell it high. You can earn a profit. If you want a long term investment go to bitcoin.. But if you want a day trading go to altcoins.

[Freshmen]

You can completely exchange altcoin to gain huge profits. Because bitcoin is too big, bitcoin exchange is very difficult, so altcoin exchange is good for this time. You can get dual values ​​when bitcoin and altcoin increase the price.

Bitcoin and other alt are still considered to be profitable as these coins have got the confidence of the investors in the market as bitcoin has become very popular currency for investors as such its value in the market have increased very highly.

There are predictions of raising the bitcoin to 20000$ in the future so there is no any hesitation in saying that you can get profit by investing in bitcoin.

[Hypnosis00]

Well for me Bitcoin and other altcoins are still profitable. You can buy when the price is low and sell it high. You can earn a profit. If you want a long term investment go to bitcoin.. But if you want a day trading go to altcoins.

If you really want to make a lot of profit in trading bitcoin and other altcoins then that is the strategy that you will use. Buy low sell high and then do some learning in charting so you will have an advantage in looking for the chart and you might become successful in engaging entry and exit with that knowledge.

[weddywanderer]

Well for me Bitcoin and other altcoins are still profitable. You can buy when the price is low and sell it high. You can earn a profit. If you want a long term investment go to bitcoin.. But if you want a day trading go to altcoins.

Bitcoin and Altcoins could give you profits with the buy low sell high action at everytime in every conditions.

[dvillier]

Indeed trading with bitcoin and altcoin are good decision and very profitable also Because prices of both Bitcoin and altcoin are varying with time and as if you are good trader and you can just do buy low and sell high then you can make huge profit in this way.

[traderethereum]

trading bitcoin and another altcoin still profitable especially if we can analyze from a few days ago, many altcoins has increased and made some people reach their profit. there are a lot of altcoins that in my prediction could increase again after bitcoin drama and if we still have the amount of the altcoin, we can get prepared to sell so we can make our profit too. but we can buy again if we want and just to make sure that we are going to make another profit.

[Cryptolead]

Trading BTC and ALTS did not cease to be profitable. Of course, not everyone can profitably and steadily trade in a bear market, but there are many such. Now the violas are recovering after the fall, more serous companies and investments come to the market. Of course, profitability is comparable to risks. If you only have $ 100, then it's impossible to follow the manymanagement quickly to make x10 or x50 for example. But the one who has already earned or has a greater deposit of that and 5% a day is enough regardless of market..

[putrii]

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 of course you should trade altcoin and investing in ICO it will make you very lucky when altcoin price is still cheap you should buy and save it until the price goes up to be very expensive.

[FairUser]

trading is alway's profitable and as we all know about bitcoin who's investing from long time they can understand when prize will be update on it like low and down so over all bitcoin also good and about alts coin all are not same some are profitable where we can invest there.

[Kunlejoe0]

Trading cryptocurrency is very profitable now especially that bitcoin is gone mainstream and billion of dollar us been invested in bitcoin. Bitcoin is the life and air of all other coin and bitcoin is stronger than it had ever be.

[Shrinath]

There is no doubt about the fact that bitcoin is and will be profitable. Let us try and understand the reason for it. To begin with we must not forget that the valuation of bitcoin is purely based on demand and supply infrastructure. This means that with the less supply of Bitcoins the more people who invest on it the higher the demand. Accordingly, the higher will be the price. Its popularity would be the main reason for more people to invest. Although you cannot predict the exact trend of the price fluctuations, let us also analyze the two broad spectrums of its functionality in brief:

Short term investment: In the non-constant volatile trend, BTC has associated a lot of profitable markets and infrastructures which promotes the decentralized system of exchange. Along with the growth of this economy it allows a lot of short term investors to follow the logic “Buy the dips, then sell high” and circulate more of bitcoins in the market. This on one hand proves profitable to the investor, on the other hand helps in multiplication of the BTC circulation.

Long term investment: In the new world of digital crypto currency, investors will go for long term for various reasons. First it allows eradication of the middle man globally. This allows you to enjoy 100% whatever you profit. Secondly, the study of the price graph for the last five years shows minimum variance. This benefits most of the long term investors. Finally, with the growth in the technology the more people engage in bitcoin mining, the circulation of bitcoin will multiply and help bitcoin community grow. This has helped a lot of poor investors to become millionaires in a span of less than years.

[Herressy]

Trading cryptocurrency is very profitable now especially that bitcoin is gone mainstream and billion of dollar us been invested in bitcoin. Bitcoin is the life and air of all other coin and bitcoin is stronger than it had ever be.

Yeah trading is very profitable but your money can lost also on trading. So be careful to your moves,  for me bitcoin are still profitable even though the price of bitcoin now is going down i know soon the priemce will dump again and we also get our profit in that way.

[Arkham Knight]

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.

[KeikoKitagawa18]

I think it's still very profitable. All we need to do is research the altcoin we want to invest and don't forget to read whitepaper carefully.

[katarin2030]

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.

Both are profitable but altcoins can give more profit as the price of bitcoin is more than the altcoins. Altcoins with less price can give more profit buy altcoins more in numbers and then sell the coins as the price varies that will give good profit.

[Voltar]

As a full time day trader of coins, people always want to know the coin that they can make a lot of money on in said day.   While good profits are easy to obtain after you have a good idea of what everything usually trades at.  The selling of coins for a short term profit is where I have missed out on some of the largest gains!  For example setting just recently i bought zclassic and set the sell profit for an embarrassingly small amount considering how much i would have made if I would of just left it.  While I am all for say selling bitcoin at 20k and buying it back at 13, on the whole, without literal 24/7 attention you are better off just buying to hold long term.