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Is trading Bitcoin and other alts still profitable?
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Topic: Is trading Bitcoin and other alts still profitable? (Read 4716 times)
yukinohana.htn
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Re: Is trading Bitcoin and other alts still profitable?
January 12, 2018, 03:33:13 AM
#381
keep a cold head and big profits will come
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matico
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Re: Is trading Bitcoin and other alts still profitable?
January 12, 2018, 04:35:50 AM
#382
Market condition rarely change in cryptocurrency except price. Cryptocurrency market is the same old system of buying and selling, FUD and FOMO, listing and delisting both new and old coin. If you have been in this market long enough you will realize that things rareky change that why you must develop your own trading style!
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Re: Is trading Bitcoin and other alts still profitable?
January 12, 2018, 04:53:38 AM
#383
Quote from: squatz1 on October 31, 2017, 12:54:57 PM
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 always profitable but the problem is lots of coins are going now,circulating coins are too many to choose what to buy then sell,even if you enrolled on those crypto tutorial still the risk of losing still indeed.so i think as of now better to Hold your coins specially bitcoins.for long term investments and for good profit
Bitcoincole
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Re: Is trading Bitcoin and other alts still profitable?
January 12, 2018, 04:58:16 AM
#384
Quote from: matico on January 12, 2018, 04:35:50 AM
Market condition rarely change in cryptocurrency except price. Cryptocurrency market is the same old system of buying and selling, FUD and FOMO, listing and delisting both new and old coin. If you have been in this market long enough you will realize that things rareky change that why you must develop your own trading style!
Absolutely correct market conditions rarely change in crypto currency because many exchange site has been raising and developed more to make the transaction are easy and fast to get the said amount due today's generation that trading bitcoin and altcoins are still profitable. Many people have been increase there life style because of the earn it gets.
noormcs5
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Re: Is trading Bitcoin and other alts still profitable?
January 12, 2018, 05:06:53 AM
#385
Yeah, if you do bitcoin trading and other altcoin trading, both are profitable, but it is depend on you how to earn profit from it. If you hold bitcoin for a time then you could earn profit from it and right now bitcoin price is low so buy the bitcoin and hold it for a month or more than it, then you could earn profit from it easily.
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feelthebern98
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Re: Is trading Bitcoin and other alts still profitable?
January 12, 2018, 05:08:02 AM
#386
Yes, it is profitable if you know when to buy and sell. Altcoins will be the 'thing' during 2018 and bitcoin will slowly increase its price, this is my prediction.
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Re: Is trading Bitcoin and other alts still profitable?
January 12, 2018, 07:13:15 AM
#387
Quote from: squatz1 on October 31, 2017, 12:54:57 PM
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!
Crypto currency trading is still profitable and crypto currency is just like real world trading whereby the trader have to put things like time, reading crypto news, study the market cap and trading equipment consideration in other to make a profitable trade.
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BivxiuDavi
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Re: Is trading Bitcoin and other alts still profitable?
January 12, 2018, 08:30:09 AM
#388
Quote from: BtcBling on January 12, 2018, 12:43:58 AM
Quote from: squatz1 on October 31, 2017, 12:54:57 PM
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, trading Bitcoin is still profitable. But in order to profit much faster than normal is you need to do trading in other coins or tokens. You need to maximize your trading investments than sticking only in Bitcoin. Etherium tokens are having a fast steady growth and others start doing trading with this tokens due to its potential. They are thinking 1200 percent value that happened to Bitcoin will replicate by Etherium tokens.
profit in trading is hard to say clear, people need to learn and do exercise to get profit. Lots of people still lose in trading, but some still profit.
katarin2030
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Re: Is trading Bitcoin and other alts still profitable?
January 12, 2018, 10:58:07 AM
#389
Quote from: noormcs5 on January 12, 2018, 05:06:53 AM
Yeah, if you do bitcoin trading and other altcoin trading, both are profitable, but it is depend on you how to earn profit from it. If you hold bitcoin for a time then you could earn profit from it and right now bitcoin price is low so buy the bitcoin and hold it for a month or more than it, then you could earn profit from it easily.
Yes bitcoin is still a lucrative in terms of trading, no matter how much price varied but expecting the price to increase again in this year. Coming to altcoins they are getting better as the day progressing, so both the bitcoin and altcoins are still profitable.
qwertyup23
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Re: Is trading Bitcoin and other alts still profitable?
January 12, 2018, 11:06:55 AM
#390
Quote from: squatz1 on October 31, 2017, 12:54:57 PM
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!
Definitely.
I have a friend who trades bitcoin on a daily-basis and earns around $9000-$10,000 per month depending on the price crash of bitcoin. He also utilizes other coins as well for his trading. Though one requirement that you need is that, you need a large amount of capital in order to earn that amount of money monthly. He risks most of his cash and coins. I asked him some questions regarding stocks and forex; he told me that he already experience losing large sums of money and investing into cryptocurrency was his bread-and-butter throughout the years.
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Re: Is trading Bitcoin and other alts still profitable?
January 17, 2018, 03:46:34 PM
#391
Quote from: Kevin77 on January 06, 2018, 05:42:36 AM
Quote from: Arkham Knight on January 03, 2018, 06:32:43 AM
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.
Somehow, and they are still very much risky as well. I understand that we can hardly see such a huge percentage increase on bitcoin compared to altcoin where we have seen more than 5000% increase within a year alone, but who knows, anything can happen that can cause a huge surge for bitcoin and we may end up still seeing the impossible happening.
As long as you know what you are doing, you are sure of your strategies, know when to get in and get out without gambling anything, and then you can really be very sure to get the best of trading. This is still a very profitable environment and there is no way you can have it all for sure, but one thing is that you can make more profit than losses if you learn.
Something may be unlikely but that does not mean it is impossible, bitcoin may have low chances of growing too much and I do not think we can expect 10x growth anymore but at the same time what will happen if people suddenly realize that most alts out there are scams and decide to stop investing in them and invest in bitcoin instead if that happens we could see a huge growth of bitcoin.
criz2fer
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Re: Is trading Bitcoin and other alts still profitable?
January 31, 2018, 05:38:32 PM
#392
Quote from: katarin2030 on January 12, 2018, 10:58:07 AM
Quote from: noormcs5 on January 12, 2018, 05:06:53 AM
Yeah, if you do bitcoin trading and other altcoin trading, both are profitable, but it is depend on you how to earn profit from it. If you hold bitcoin for a time then you could earn profit from it and right now bitcoin price is low so buy the bitcoin and hold it for a month or more than it, then you could earn profit from it easily.
Yes bitcoin is still a lucrative in terms of trading, no matter how much price varied but expecting the price to increase again in this year. Coming to altcoins they are getting better as the day progressing, so both the bitcoin and altcoins are still profitable.
No one can still predict when bitcoin could increase. Although alts also are making noise into the market which is better for the crypto because the higher the competion, the lower the fees would happen in the future.
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Re: Is trading Bitcoin and other alts still profitable?
February 01, 2018, 04:26:55 AM
#393
Trading was really profitable during the last quarter of 2017.The market was really active last year which was very profitable for traders. However, in the beginning of this year the market is a little quiet. And during these period traders still make profits thru buying the coins at a low price to be able to still get a good profit. I read that this is actually expected to happen so most of the coins now are on hold and waiting for the right time to sell at a profitable price. Patience now are important that traders should practice at this moment.
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Re: Is trading Bitcoin and other alts still profitable?
February 01, 2018, 04:37:39 AM
#394
Yes it is still profitable. Trading with altcoins is favorable when bitcoin is going sideways or consolidating but when bitcoin makes a big movement like rise or fall rapidly then it has a negative effect to the altcoins. This is the reason why many opt to hold their coins because with just a rumor or news, bitcoin may go up or down in thousands of dollars so for those who are successfully swing trading it then good for them. I prefer crypto trading because movements are big unlike in stock market. One week in crypto is like one year in stocks.
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Blondy12
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Re: Is trading Bitcoin and other alts still profitable?
February 01, 2018, 05:18:12 AM
#395
I think trading is not as profitable as before. Market has gone crazy now maybe because there are lots of new coins are popping every now and then. Personally, i choose to just hold my bitcoins for long term investment and just froze my alts and wait for the market to calm down.
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Re: Is trading Bitcoin and other alts still profitable?
February 01, 2018, 05:34:40 AM
#396
Quote from: Blondy12 on February 01, 2018, 05:18:12 AM
I think trading is not as profitable as before. Market has gone crazy now maybe because there are lots of new coins are popping every now and then. Personally, i choose to just hold my bitcoins for long term investment and just froze my alts and wait for the market to calm down.
It is normal and not all the time we are earning or the market always up this dump was repeatedly over a years. Trading an altcoins needs patience not a panic buying or selling, if you cant hodl you can sell the profitability is by your own risk so does earning from it starts within YOU.
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Re: Is trading Bitcoin and other alts still profitable?
February 01, 2018, 05:44:23 AM
#397
at this time trading still profitable for me. i still hold my coin because some of the coins that I hold have decreased in price and i would make them for long term invest.
tech72
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Re: Is trading Bitcoin and other alts still profitable?
February 01, 2018, 06:04:04 AM
#398
Yes. And this is the best time to buy altcoins, while they are cheap and Bitcoin is lowly trading. So, they will pump or rise now. Although, Bitcoin is on verge of breakout and we might soon see dump in altcoins as price rises. I am so waiting to buy all the altcoins for cheap and get multifold return. You all should do the same.
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Re: Is trading Bitcoin and other alts still profitable?
February 01, 2018, 04:07:37 PM
#399
Quote from: squatz1 on October 31, 2017, 12:54:57 PM
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!
Well its relies upon your vision, and the circumstance of that cash. In 2010 my companion purchases bitcoin, and hold it till now. He offer all coins in 2016. So for this situation Holding a money is productive
, As my thought, Bitcoin value holding up ascend nowadays. So hold up bitcoin and after that exchange alts. Its will be get beneficial rewards and focal points
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Borisb52
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Re: Is trading Bitcoin and other alts still profitable?
February 01, 2018, 04:11:35 PM
#400
I keep my bitkoins. Sometimes I trade paired with altcoyins. I trade only for one purpose - to increase the number of my bitcoins. You can also trade in a falling market. But sometimes I take breaks in the trade.
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