Bitcoin Forum
December 12, 2024, 08:26:36 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Day trading with ALTs Coins  (Read 358 times)
upekhaanthony (OP)
Member
**
Offline Offline

Activity: 238
Merit: 10


View Profile
December 11, 2017, 03:34:50 AM
 #1

Is it really profitable day trading with ALTs coin? if profitable which coins to use? which facts do we consider before buying alts?

Sikka157
Full Member
***
Offline Offline

Activity: 378
Merit: 101


View Profile
December 11, 2017, 03:43:08 AM
 #2

I have tried trading some of the coins with good fundamentals like Monero, Dash and Litecoin. My strategy was that I will sell once I make a quick profit, but if the price drops after I buy, I would not mind hodling them since they are good coins for long term anyway.
The day I sold Monero and Dash, both of them spiked 40% and 60%. Then same thing happened with LTC the day after I sold at $100. So, I have stopped trying to beat the market and will continue to hodl the coins that I buy for long term.
vv181
Legendary
*
Offline Offline

Activity: 1932
Merit: 1273


View Profile
December 11, 2017, 04:14:04 AM
 #3

Depend on what kind of market. I believe this is a lousy time to day trade with this type of market. I suggest sticking with swing trade. And if you want to daytrade find altcoins that had a big volume.
expert4knowledge
Hero Member
*****
Offline Offline

Activity: 826
Merit: 1000


The All-in-One Cryptocurrency Exchange


View Profile
December 11, 2017, 04:53:59 AM
 #4

Believe my experience, day trading is the best way to lose all your gains.

Hold and scalp, this is the only efficient way to make benefit

██████
███
███
███
███
███
███
███
███
███
███
███
███
                ▄███
              ▄███▌ █
             ▀▀▀██▄  █
           ▄███▄▄ ▀▀▀█
          █ █████▀▀▀▄▄
         ▄██ ███▄    █
        ▐███▀   ▀█   █
        ████     █   █
       ▄██▀▄█▄▄▄█▀   █
       ▀▄▄███▌      █
   ▄▄▄▀▀▀████       █
 ▄▀    ██ ██       █
▐▌     ██▌▐▌      ▀▄
█      ██ █         ▀▄
█      █▀▄▌          █
█   ▄▀█▄██           █
█ ▄▀      ▀▀▄▄▀▄     █
▀▀             █    █
               █  ▄▀
               ▀▄█
     ▀█████████████▄▄
  ▀ ▀▀▀███████████████▌
   ▀ ▀▀▀▀██▀▀▀▀▀▀██████         ▄███████▄      ▄▄███████▄    ▄███▄    ▄███▄ ▄███▄      ▄███▄
▀ ▀▀▀▀█████▄▄▄▄▄▄█████▌       ▄████▀▀▀████▄   ▐████▀▀█████   ▀████▄  ▄████▀ █████▄    ▄█████
    ▀▀███████████████▀       █████     ████▌          ████▌    ▀████████▀    █████▄  ▄█████▌
   ▀ ▀████████████████▀ ▀    ██████████████▌   ▄▄██████████     ▄██████▄      █████▄▄█████▌
     ██████      ██▀▀▀▀▀▀▀ ▀ █████▀▀▀▀▀▀▀▀    █████▀▀▀█████    ▄████████▄      ██████████▌
     ██████▄▄▄▄▄▄██████▄ ▄    ████▄▄   ▄▄█▄   ████▄  ▄█████  ▄█████▀▀█████▄     ████████▌
     █████████████████▀        ▀███████████   ▀████████████  ████▀    ▀████      ██████▌
     ██████████████▀▀             ▀▀▀▀▀▀▀       ▀▀▀▀▀▀ ▀▀▀    ▀▀        ▀▀        █████
                                                                                ▄█████
                                                                            ▄███████▀
                                                                            ▀████▀▀
███
███
███
███
███
███
███
███
███
███
███
███
██████
|█████████████████
███████████████████
█████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
  WHITEPAPER 
  LIGHTPAPER...
|Instant Deposit
✓ 24/7 Support
Referral Program
squatz1
Legendary
*
Offline Offline

Activity: 1666
Merit: 1285


Flying Hellfish is a Commie


View Profile
December 11, 2017, 04:54:47 AM
 #5

Nope, most even say that day trading is worse as you're going to want to get involved in the big swingers which are obviously going to be the coins that are less reputable and then lead you to either making a small sum of money OR (most likely situation) you trying to limit losses and losing out on every trade you make.

If I were you, and wanted to get involved into trading, I'd recommend buying weekly, monthly, WHATEVER YOU WANT and continuing to do this for some time. Long term is the way to go IMO and it'll be better in the long run.




▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄    ▄▄▄▄                  ▄▄▄   ▄▄▄▄▄        ▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄▄▄▄    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄▄▄
 ▀████████████████▄  ████                 █████   ▀████▄    ▄████▀  ▄██████████████   ████████████▀  ▄█████████████▀  ▄█████████████▄
              ▀████  ████               ▄███▀███▄   ▀████▄▄████▀               ████   ████                ████                   ▀████
   ▄▄▄▄▄▄▄▄▄▄▄█████  ████              ████   ████    ▀██████▀      ██████████████▄   ████████████▀       ████       ▄▄▄▄▄▄▄▄▄▄▄▄████▀
   ██████████████▀   ████            ▄███▀     ▀███▄    ████        ████        ████  ████                ████       ██████████████▀
   ████              ████████████▀  ████   ██████████   ████        ████████████████  █████████████▀      ████       ████      ▀████▄
   ▀▀▀▀              ▀▀▀▀▀▀▀▀▀▀▀   ▀▀▀▀   ▀▀▀▀▀▀▀▀▀▀▀▀  ▀▀▀▀        ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   ▀▀▀▀▀▀▀▀▀▀▀▀        ▀▀▀▀       ▀▀▀▀        ▀▀▀▀▀

#1 CRYPTO CASINO & SPORTSBOOK
  WELCOME
BONUS
.INSTANT & FAST.
.TRANSACTION.....
.PROVABLY FAIR.
......& SECURE......
.24/7 CUSTOMER.
............SUPPORT.
BTC      |      ETH      |      LTC      |      XRP      |      XMR      |      BNB      |     more
Text
Hero Member
*****
Offline Offline

Activity: 2590
Merit: 609



View Profile
December 11, 2017, 05:05:11 AM
 #6

I'd rather go now day trading with bitcoins because as I analyze the flow of its price in the market it fluctuates every time and I keep on monitoring it every hour as I can. If I am just brave enough I think I always make profits on this way.
For altcoins, you really need to consider the development and updates specifically so you can determine whether it will rise or fall but I don't recommend day trading for it.

expert4knowledge
Hero Member
*****
Offline Offline

Activity: 826
Merit: 1000


The All-in-One Cryptocurrency Exchange


View Profile
December 11, 2017, 05:06:38 AM
 #7

Nope, most even say that day trading is worse as you're going to want to get involved in the big swingers which are obviously going to be the coins that are less reputable and then lead you to either making a small sum of money OR (most likely situation) you trying to limit losses and losing out on every trade you make.

If I were you, and wanted to get involved into trading, I'd recommend buying weekly, monthly, WHATEVER YOU WANT and continuing to do this for some time. Long term is the way to go IMO and it'll be better in the long run.

Exactly, day trading makes you do bad moves on shit coins just to get your daily benefit, which is very stupid, since i hold and look the charts from times to times, i made 5 BTC, while before i lost 3 BTC by day trading

██████
███
███
███
███
███
███
███
███
███
███
███
███
                ▄███
              ▄███▌ █
             ▀▀▀██▄  █
           ▄███▄▄ ▀▀▀█
          █ █████▀▀▀▄▄
         ▄██ ███▄    █
        ▐███▀   ▀█   █
        ████     █   █
       ▄██▀▄█▄▄▄█▀   █
       ▀▄▄███▌      █
   ▄▄▄▀▀▀████       █
 ▄▀    ██ ██       █
▐▌     ██▌▐▌      ▀▄
█      ██ █         ▀▄
█      █▀▄▌          █
█   ▄▀█▄██           █
█ ▄▀      ▀▀▄▄▀▄     █
▀▀             █    █
               █  ▄▀
               ▀▄█
     ▀█████████████▄▄
  ▀ ▀▀▀███████████████▌
   ▀ ▀▀▀▀██▀▀▀▀▀▀██████         ▄███████▄      ▄▄███████▄    ▄███▄    ▄███▄ ▄███▄      ▄███▄
▀ ▀▀▀▀█████▄▄▄▄▄▄█████▌       ▄████▀▀▀████▄   ▐████▀▀█████   ▀████▄  ▄████▀ █████▄    ▄█████
    ▀▀███████████████▀       █████     ████▌          ████▌    ▀████████▀    █████▄  ▄█████▌
   ▀ ▀████████████████▀ ▀    ██████████████▌   ▄▄██████████     ▄██████▄      █████▄▄█████▌
     ██████      ██▀▀▀▀▀▀▀ ▀ █████▀▀▀▀▀▀▀▀    █████▀▀▀█████    ▄████████▄      ██████████▌
     ██████▄▄▄▄▄▄██████▄ ▄    ████▄▄   ▄▄█▄   ████▄  ▄█████  ▄█████▀▀█████▄     ████████▌
     █████████████████▀        ▀███████████   ▀████████████  ████▀    ▀████      ██████▌
     ██████████████▀▀             ▀▀▀▀▀▀▀       ▀▀▀▀▀▀ ▀▀▀    ▀▀        ▀▀        █████
                                                                                ▄█████
                                                                            ▄███████▀
                                                                            ▀████▀▀
███
███
███
███
███
███
███
███
███
███
███
███
██████
|█████████████████
███████████████████
█████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
  WHITEPAPER 
  LIGHTPAPER...
|Instant Deposit
✓ 24/7 Support
Referral Program
Helderio
Newbie
*
Offline Offline

Activity: 11
Merit: 0


View Profile
December 11, 2017, 05:07:45 AM
 #8

Now, it is better to not doing day trading on altcoin.. it is hard to predict the price when bitcoin price keep rising.
peter0425
Sr. Member
****
Offline Offline

Activity: 2856
Merit: 459


DGbet.fun - Crypto Sportsbook


View Profile
December 11, 2017, 05:10:40 AM
 #9

Is it really profitable day trading with ALTs coin? if profitable which coins to use? which facts do we consider before buying alts?

Yes, its very profitable, good altcoins to trade is the top 5 coins. But you need to be very quick and make the decision fast to dump it and choose another coin if still have time. Facts to consider is the hype around the coins, positive or negative news. So there's research along with the buying/selling all the time. But it is not like day everyday, there are days that it lousy with only few movements but other days all trader are shorting and very much active.

That's why most of the traders don't like this day trading, very risk for beginners and even pro makes mistakes. I prefer long term holding though, not much stressed on my end.

onefry
Full Member
***
Offline Offline

Activity: 157
Merit: 102


View Profile
December 11, 2017, 06:21:20 AM
 #10

Exactly, nothing beats buying and holding, I risked 400 eth to learn how to day trade, ended up with 26k by may but lost it all because I didn't have a good technical analysis foundation and stuff was not going well for me in life (house caught fire).  What could have been a really successful year turned into a nightmare.
herurist
Sr. Member
****
Offline Offline

Activity: 1680
Merit: 259



View Profile
December 11, 2017, 06:37:10 AM
 #11

Is it really profitable day trading with ALTs coin? if profitable which coins to use? which facts do we consider before buying alts?

Most people will say is still profitable but not for me, lost almost 40% with day trading strategy is bad experience. I suggest you try day trading but use investment mindset ( use long time period ) and martiangle money management. All coin is profitable but choose btc and second coin only ( eth, xmr, ripple, etc ). See the moment and also top/ bottom price before decides to buy/ sell.

███████████████████████████
██████████▀▀▄▄▄▄▄ ▄▀▀██████
█████████▄██████ ████ ▀████
██████▀▀ ▄▄▄▄ ▀▀███▀▄██ ███
████▀   ██████   ▀██████ ██
███ ▄▄▄████████▄▄▄ ██▄▄▄ ██
██ █████▀    ▀█████ ████ ██
██  ▀██        ███▀ ███ ███
██   ▄██▄    ▄██▄   █▀▄████
███ ▄████████████▄ ████████
████▄▀███▀▀▀▀███▀▄█████████
██████▄▄      ▄▄███████████
███████████████████████████
█▀▀▀











█▄▄▄
.
7 BTC  WELCOME BONUS!
▀▀▀█











▄▄▄█
████
██
██
██
██
██
██
██
██
██
██
██
████
█████████████████████████████████████████████████████████████████████████████████


████████████████████████▄▄▄█████▄▄▄██████████████████████████████████████████████
████▄█████▄█▄███▄█▄██████████▄██▀▀▀██████████████████████████████████████████████
████████▀████▄████▀██████████████████████████▄█████▄██▄█████▄████▄████▄████▄██
███████████▐█████▌███████████▄█████▀███▀▀████████▀▀▀▀█████▀▀▀██████▀▀███▀▀█████
████████▄████▀████▄██████████████████▄▄▄▄▄███▄▄▄▄█████▄▄▄██████████████████
██████████▀█▀███▀█▀██████████▀███████▀█████████▀█████▀██▀█████▀█████████████████
████████████████████████▀▀▀██████████████████████████████████████████████████████



█████████████████████████████████████████████████████████████████████████████████
████
██
██
██
██
██
██
██
██
██
██
██
████
█▀▀▀











█▄▄▄
.
30+  ALTCOINS AVAILABLE
▀▀▀█











▄▄▄█
███████████████████████████
████████▀▀  ▐█▌  ▀▀████████
██████▄     ▐█▌     ▄██████
████ ▀██▄▄███████▄▄██▀ ████
███    ██▀▀  ▄  ▀▀██    ███
██    ██   ▄███▄   ██    ██
████████  ███████  ████████
██    ██  ▀▀ █ ▀▀  ██    ██
███    ██▄▄ ▀▀▀ ▄▄██    ███
████ ▄██▀▀██████▀▀▀██▄ ████
██████▀     ▐█▌     ▀██████
████████▄▄  ▐█▌  ▄▄████████
███████████████████████████
SunJAB
Member
**
Offline Offline

Activity: 406
Merit: 10

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN


View Profile
December 11, 2017, 06:58:56 AM
 #12

Currently altcoin is heavily discounted due to the capital being drawn from altcoin and poured into bitcoin. At this point I think buying altcoin and waiting for it to increase is very reasonable. Watch closely before exchanging with the altcoin you want to invest.

           ﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏
☆═══━┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈━═══☆
≈ WORLD POWER PRODUCTION ≈


【 BACKED ASSET GREEN ENERGY TOKEN 】
☆═━┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈━═☆
Bitinity
Legendary
*
Offline Offline

Activity: 3262
Merit: 1316


Top-tier crypto casino and sportsbook


View Profile
December 11, 2017, 07:14:18 AM
 #13

Is it really profitable day trading with ALTs coin? if profitable which coins to use? which facts do we consider before buying alts?

Profitable or not depends on yourself how you choose the coins to trade. If you are good enough in predicting and reading the charts, it will be very profitable. Otherwise, if you only do some random trade with guessing only without doing researches then it might be really bad for your financial condition.

VitKoyn
Full Member
***
Offline Offline

Activity: 490
Merit: 106


View Profile
December 11, 2017, 07:17:27 AM
 #14

Is it really profitable day trading with ALTs coin? if profitable which coins to use? which facts do we consider before buying alts?
Yes day trading can be extremely profitable if you pick the right cryptocurrency to trade, if you have the right strategy, and at least know the basics of chart analysis but day trading is also the best way to burn your money if you pick the wrong coins. There is nothing really specific coin to use to day trade because you cannot always use the same coins everyday as the price of cryptocurrencies are unpredictable. You should also set the price on when will you take your profit, for me 5-10% is enough because if you're going to be greedy the coin you trade might fall short and you will get stuck waiting for another pump.
L0uis
Full Member
***
Offline Offline

Activity: 141
Merit: 100


View Profile
December 11, 2017, 07:19:19 AM
 #15

It might sound cool day trading altcoins but seeing the current situation(bleeding alts) it wouldn't be wise day trading alts. The price of Alts are dropping a lot and many investors are in a panic seeing them go down. Apart from that day trading requires a large capital to earn a good profit and investing a large capital right now will be a lot riskier. Better to invest in BTC and just hold on for a while until the market stabilizes.
wayaneka
Full Member
***
Offline Offline

Activity: 644
Merit: 101



View Profile WWW
December 11, 2017, 07:29:07 AM
 #16

Altcoin Day trading that paired with Bitcoin now will be more risky because the price of BTC strong bullish, so for the better to minimize the risk doing short trade with take small profit like 20%-30%, and also always patient to buy altcoin when the price really in oversold area. And will be more profitable and less risk if we trade in altcoin that has strong fundamental, because the price possible to increase again, those altcoin like ETH, DASH, LTC, WAVES, POWR, POLL, CCORE, AION and DATA.

rodskee
Full Member
***
Offline Offline

Activity: 2590
Merit: 205


🌀 Cosmic Casino


View Profile
December 11, 2017, 07:30:04 AM
 #17

Is it really profitable day trading with ALTs coin? if profitable which coins to use? which facts do we consider before buying alts?

true but you need to become active to monitor the potential coins have possibility to pump in the market cap wthin 24 hours, strategy and skills with comfident you get huge profits.

upekhaanthony (OP)
Member
**
Offline Offline

Activity: 238
Merit: 10


View Profile
December 12, 2017, 01:03:01 AM
 #18

I agree with all opinions and I earn some BTC with day trading. What is good platform to do trading?   

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!