Altcoin is for day trading

[Smitty Werben Man Jensen]

from my experience, not always able to produce every day on altcoin, I play the spot market, not futures trading, usually I have a target every month, not always every day, of course there will be a risk, but if you put stop lose, you will be safe

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[Denongels]

from my experience, not always able to produce every day on altcoin, I play the spot market, not futures trading, usually I have a target every month, not always every day, of course there will be a risk, but if you put stop lose, you will be safe

for altcoin it is sometimes experiencing a season phase, but this year altcoin market is good, and as far as I have watched every day there are several different Altcoins that have increased and it seems good to look for daily profits.

[bassbity]

from my experience, not always able to produce every day on altcoin, I play the spot market, not futures trading, usually I have a target every month, not always every day, of course there will be a risk, but if you put stop lose, you will be safe

for altcoin it is sometimes experiencing a season phase, but this year altcoin market is good, and as far as I have watched every day there are several different Altcoins that have increased and it seems good to look for daily profits.

True, this is the altcoin phase, which is experiencing better growth because of the current increase when market pumping occurs, altcoin will follow.
I don't know if this can be called the altcoin season.

[elyas772]

Both ALTs & BTC is good for day trading. I find profitable day trading set ups in crypto . By playing both directions of breakout moves . Crypto is a young market so if your TA skills are good they will come true more often then traditional markets.

[BeginToMine]

It's not all long good altcoins hurts as I gave seen many that actually did well and surprised many. I have been holding awc and some altcoins when they were nothing and now it's reasonable so I would say if you want to hold long search for good altcoins and hold so as to make more profits. Not all altcoins are bad mate! Let's learn to do research and ensure we invest rightly.

[ZincUnrated]

I disagree... Most altcoins don't fit into the league of daily trading digital assets. Most of them are best viewed and trusted as long term investments or HOLD. Aside the more recognised altcoins like Ethereum, LINK, BNB, others can be very dangerous if engaged as daily trading assets. Always identify good altcoins and invest in them for the long term and most often than not, you will reap greatly.

[coinswebid]

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

for me if we can do both, thats better
because for a great altcoins project such as ethereum, monero and others, i think holding is the best idea my friend, i believe that

[Vitalicus]

Both ALTs & BTC is good for day trading. I find profitable day trading set ups in crypto . By playing both directions of breakout moves . Crypto is a young market so if your TA skills are good they will come true more often then traditional markets.

Crypto has a future ahead and investors are investing in this market more in recent years. I believe that investment demand in the next few years will tend to increase because this is considered a potential financial market. However, before engaging in crypto, you should have the right knowledge and proper investment strategy because any mistake can make you lose and this is a problem that always happens to you when participating.

[qiwoman2]

Altcoins are good for the future of money in the long term but because of lower liquidity than other markets they can be easily manipulated by pump and dump groups and whales, so that's why people prefer to just day trade in and out of them. I personally like to grow long term bags but now am also trading a bit to grow my sats and use that money to get loans in Nexo or other DeFi platforms to leverage the USD to trade for daily purposes as a hedge against my stacks losing value in big swings and slippage. Unless you are good in TA, are in a whale group or have bots running..it's very hard to win in this climate..but it is possible.

[MCobian]

It is true that many people use Altcoins for day trading, because the price of altcoins is volatile and there are also many choices of altcoins,
make altcoins widely used for day trading. But there are some altcoins that support holding too, like Litecoin, Ethereum, Ripple, Stellar and
Binance Coin are very suitable for holding.

[qory]

Keep waiting until bitcoin really on higher price to get moment for altcoin on the top price, but when looking bitcoin still up and down is not good moment for trading suddenly altcoin could crash lower price when bitcoin down, but after bitcoin break to higher price we can try to trading and keep get much profit.

[lienfaye]

it takes a pro-trader to trade altcoin for day trading and make profits. actually you can hold altcoin for long but you have keep a watch on the project from time to time.

There are altcoins good for day trading and for long term so it depends on the coin you choose.

Some well established coins are good for long term like eth. But if you have enough time to monitor the market often then you can be a day trader. Yes prices are moving from time to time so in order to timing when to sell always check the price.

[Aaroenz0r]

it takes a pro-trader to trade altcoin for day trading and make profits. actually you can hold altcoin for long but you have keep a watch on the project from time to time.

There are altcoins good for day trading and for long term so it depends on the coin you choose.

Some well established coins are good for long term like eth. But if you have enough time to monitor the market often then you can be a day trader. Yes prices are moving from time to time so in order to timing when to sell always check the price.

I agree! Altcoin is not only for daily trading, it can be for long-term holding also. Some altcoins have the potential to pump dramatically that can be more profitable for long-term holding. As far as I know, there are a lot of people who earn a lot of money thanks to the pump of altcoins. ETH is now increasing but to be fair, ETH can't have the potential to fly to the moon as altcoins since ETH already has a good value.

[diskodasa]

It is true that many people use Altcoins for day trading, because the price of altcoins is volatile and there are also many choices of altcoins,
make altcoins widely used for day trading. But there are some altcoins that support holding too, like Litecoin, Ethereum, Ripple, Stellar and
Binance Coin are very suitable for holding.

I prefer to choose long-term investments because day trading is often risky and does not suit my ability. Each person will have different ways to make money in this market but it is best to only choose the coins that you understand well so that you will know which price is reasonable to buy and sell.

A bull market is a good time to make a profit, but you should have a plan from the beginning and avoid greed when investing as this can make you lose if the market suddenly declines.

[Vishnu.Reang]

Keep waiting until bitcoin really on higher price to get moment for altcoin on the top price, but when looking bitcoin still up and down is not good moment for trading suddenly altcoin could crash lower price when bitcoin down, but after bitcoin break to higher price we can try to trading and keep get much profit.

This strategy is not going to work all the time. Altcoins can no longer depend upon Bitcoin for their survival. Cryptocurrency has been in existence for more than 11 years and it is shameful that even after all these years the altcoins are incapable of an independent existence. It is not surprising, given the fact that most of these coins don't have any real life usage.

[Pamadar]

Keep waiting until bitcoin really on higher price to get moment for altcoin on the top price, but when looking bitcoin still up and down is not good moment for trading suddenly altcoin could crash lower price when bitcoin down, but after bitcoin break to higher price we can try to trading and keep get much profit.

This strategy is not going to work all the time. Altcoins can no longer depend upon Bitcoin for their survival. Cryptocurrency has been in existence for more than 11 years and it is shameful that even after all these years the altcoins are incapable of an independent existence. It is not surprising, given the fact that most of these coins don't have any real life usage.

For sure it's not that easy anymore, you need to work with your investment and not just focusing with how bitcoin will move,
though there's always possibilities that this kind of strategy will work if you'll going to twist things up, apply your knowledge and see if your assessment will work, it's all about how you'll be going
to predict and anticipate your position.

[Samayuki]

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

I don't use altcoins for day trading so I can't judge on this one, I just feel that Bitcoin is more suited for trading with USDT pair because Bitcoin has a more stable value than altcoins and more safer too, another good coin for trading is NEO because it quickly respond when Bitcoin revaluates

[Blue_oxen]

For sure it's not that easy anymore, you need to work with your investment and not just focusing with how bitcoin will move,
though there's always possibilities that this kind of strategy will work if you'll going to twist things up, apply your knowledge and see if your assessment will work, it's all about how you'll be going
to predict and anticipate your position.

I agree! This strategy would work back to 2017/2018 when the market is in good condition and many coins are strongly affected by the movements of BTC. However, as the cryptocurrency market develops, altcoins are going to get rid of the dominance of BTC. Looking at the movement of BTC to judge all other altcoins movement is not accurate anymore. You need to work on particular project and see how it moves!

[Thomas-s]

I don’t think everyone doing day trading, like me i am hold alt for pump and i am selling my coin for target price to get profit on it, not all alt for holding few token can hold for safe i believe  ethereum, LTC, XLM, and ETC

LTC is already not an interesting tool for investors. it just has the volatility that allows you to trade this tool. but investing in order to hold this coin in a portfolio is more dangerous than hold coins from the top 500

[OptimusPrime_3]

Finally someone came along and thought along.
I really see it frustrating and needless to hold altcoin. If I want to invest and hold, I have ETH, BTC, etc.
But for altcoin, I'll rather day trade and make my profit while I can