Altcoin is for day trading

[nikotengik]

true, maybe altcoin can be used as short term investment.
because in addition to the affordable price is also very fast altcoin price changes.

[lalatao71]

Because most of the prices of them are not so stable. And some may even die after a long time, so they prefer to sell them when the price is high.

[PutuPartoHarjo]

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

At a time of increasing trend, altcoin is usually very profitable for daily trading. On a good day, buying and selling at the right time can generate 5-10% profit. That's why so many people do it. But in investing, profits always outweigh the risks.

[Azzam Khalif]

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

running the current trading is quite profitable. besides that, by running trading we are able to achieve greater profits again. so it's a good idea to run trading with your current coins.

[Sunyoto]

because for us by trading in the market we think it's easier to earn our daily profit, because with us very easily in a short time, and also very good we hold in the long term, because we will more and more that we get.

[GsxR150]

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

Some people trade for full time jobs. They take advantage of fluctuations to get a little profit repeatedly.

[Sri Asih]

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

Today I bought Cardano and got 7% profit in 2 hours. The other day I bought Bcd and got a 10% profit in 1 hour. The other day I bought eth and 15% loss in 2 days. The goal is the same, that is to gain profit.

[el kaka22]

If you know how to trade, the best solution is to trade with altcoins. But if you do not know, it makes more sense to hodl and wait the best time.

Yeah, day trading is not even an easy thing to do comparing how some of the altcoins always react easily to bitcoin movement and you will need to be very careful. In the some sense itself, day trading is not actually for everyone and even the traders who are pro already know that. I prefer the short and long term on altcoins than trying to day trade them.

What may work for A may not work for B, so I believe everyone knows what they look for in trading most of the time. Day trading is not recommended for everyone hence I am not trying it now a days as I am able to make good money in long term holding. Then why should I try something which is a known risky one.

[ipanks]

day trading is also a good way to still make a profit from many altcoins and I have a good experience doing this. although in a few months ago, we are having difficulty to do day trading, at least if we only want to make a profit, we still can do it but we need to choose the right coins. actually, we have much chance to make a profit by day trading especially in this month which we see that many coins having a great time to increase and many coins giving a good progress in every market.

[StevenPop]

Honestly this is what most altcoins are good for and practically the only use they have in the world, if you remove trading then most altcoins would have nothing else to offer to the world which means they would all die out eventually even at this pace. Day trading is a good way to make some quick money and profit so I guess the coins would last a while

[Stromspirit]

Altcoin is good for day trading when there is volume to do it, you will find that in due course, your profits will be higher if you choose the right to go long and come back some time later. Good traders watch charts and news closely and trade in and out and make good money or improve their coin positions well. Most people can not do it themselves so buying and buying is easier for them.

[Ojodibanned]

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

Altcoin is currently experiencing such an increasing increase. so by running the current trading is quite interesting. so I advise you to start trading right now. I estimate the gains received are considerable.

[UAE Seasider]

I suppose you can use any of the coins for whichever style suits you best. Often Ethereum and Bitcoin have just as much volatility as the other coins, personally, I don't day trade I just buy and hold and altcoins are proving effective for that strategy EOS being one.

[boller]

I'm pretty sure that it is because of the fluctuation of the cryptocurrency price in the market in very significant time.
We cannot predict what will happen to the price in only a few minutes or hours.
The price is always changing.
Therefore, for the people who have more times and be a trader, trading is better because they can analyze the coin every time. Buy at the low price and sell at the higher price and get the profits only in some period.

[Kurumichan]

If I think for an inexperienced person should hold the holding. Because you do not know the market. So I suggest you to do holding from day trading. It's true most of them like day trading but they already know how the market. Do not you want to lose money when doing day trading?

[carlisle1]

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

Nope I disagree on this one,altcoins are better either for holding or daytrading,you just have to choose the right coins that fit for youre profiteering.

Like if you want to use for daytrading,you must choose those coins that is moving fast,those always ups or downs coins.
While if you want for holding,better use those coins that is slowly moving,that fits for long term investments

[rosezionjohn]

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

There are people who are good at day trading. They are the ones you probably see more often. I'm not sure but I believe that they are also holding some altcoins for long term.

[rickadone]

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

I strongly agree with the subject you mentioned. There are hundreds of cryptocurrencies that should not be kept long term apart from specific subcocoin derivatives. For that reason it would be more profitable to buy daily or hourly buying and selling at risk. I do not want to go on without telling myself that I have made this comment with the experience of al-sat that I have lived in recent times.

Altcoins are basically for the short term profit and the FOMOs that some big investors are always looking forward to. Most of the people who have seen the way the altcoins have always behaved usually end up making profit on them once they start having their bull runs and looking forward to put them into bitcoin instead to maintain that huge level of profit in the long run since the timing in the market is usually that way. As bitcoin consolidates, altcoins rises and vice versa.

But last year both altcoins and bitcoin showed rising simultaneously, at those time day trading either one must be a good choice. But we should not trade one in a similar way how we do trade other one. We must have day trading plans separately for both altcoins and bitcoins.

[Krissmak]

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

Well to be honest, I have split my portfolio because of this reason.

I have my long term hodl's and short term. I guess its called being impatient lol.

I believe in some of the projects long term and others not so much.

Have a look at $cbt www.commerceblock.com upcoming news and potential of this project could be phenomenal.

[Proc.dev]

Most of altcoins change their value more rapidly and significantly then BTC.
That's why it is profitable to use altcoins in day-trading.
However someone must observe and investe in several coins at the moment to get profit.