Altcoin is for day trading

Altcoin is for day trading only if You have some experience and technical Analysis and also have good investment.with good investment you can take short profit again and again. All this happen only if Bitcoin is stable. If Btc is not stable you should avoid trading and wait for its stability.

It's better to day-trade with Ethereum and Bitcoin, they have a wider range of fluctuations on daily basis. With alt-coins it's good
to trade, but they need more time for wider range of fluctuations, somehow they are better for mid and long-term trading. I am on
long-term as much as possible, so long that I am more holder than trader. I think some alt-coins have potential to be really big
in the future.

From my point of view, the most rational strategy is investing into solutions that have real applicable solution. For example, that adopt latest tech for some issues, existing on one or another market

Quote from: hwtee on September 20, 2020, 08:13:15 PM

I absolutely share your view here. Much basically depends on the solution. Talking about me, number 1 component is practical value and real benefits I get

Works similarly for me. And as for now, are you following (or just having in mind) many such platforms? Cause I would say that I am aware of only 1 or 2 most advanced and attractive I follow

Quote from: witbla on September 20, 2020, 08:14:41 PM

Works similarly for me. And as for now, are you following (or just having in mind) many such platforms? Cause I would say that I am aware of only 1 or 2 most advanced and attractive I follow

Also around 2 to follow. And what are your favorites? Can you outline? Better with more info on how solution really helps, not interested in some abstract projects

Quote from: hwtee on September 20, 2020, 08:20:15 PM

Also around 2 to follow. And what are your favorites? Can you outline? Better with more info on how solution really helps, not interested in some abstract projects

My fav now is hCaptcha with unique product on data privacy and bots prevention field. hCaptcha is designed to solve the most labor intensive problem in machine learning: labeling massive amounts of data in a timely, affordable, and reliable way. More data generally produces better results in training machine learning models. The recent success of deep models has led to increasingly large datasets, almost always with some human review. However, creating large human-reviewed datasets via Mechanical Turk, Figure Eight, etc. is both slow and expensive. hCaptcha allows websites to make money serving this demand while blocking bots and other forms of abuse. Check the website

The reason why altcoin is really good for day trading because there are plenty altcoins right there you can pick for day trading, you can pick some and probably those coins are having some event going on later such as quick pump and dump by generous traders or bots. That's way altcoin is really good for day trader.

Thanks to DEFI projects, there is a great opportunity for those who do not know how to trade. These people can stack their coins on decentralized exchanges and receive interest for operations in the pools in which they deposited their money.

There are people who holding altcoins too, and there are people who trading bitcoin as well.
My point is, either trading or holding, people can using cryptocurrency with their own specialty.
Professional trader will using both bitcoin and altcoins to trading on crypto exchanges.

Day trading requires a lot of research and study, and even though you might be right, crypto users and investors are still individual, for the very volatility makes it impossible to have any norm. Most safe players are sticking to btc and eth, be it long term or day trading.

I do not agree with day trading , I think it is stressful and the stress doesn't worth the money , it makes you old faster than you think and gives you insomnia , especially in crypto where is a 24/7 market, I think we live a few time on the planet and that way of living is like waisting it .

Day trading was good few years back when there were less and real projects. Due to many fake projects and very less number of good projects or on hand to look into
when trader do day trade on top coin (BTC/ETH )what i personally do and it is the best way to not be on loss side

Quote from: fabiola! on September 21, 2020, 07:09:07 AM

I think daily trading using BTC or ethereum will take a long time because the price movements are very slow, I think you should be able to try altcoin or DeFI coins which currently have fast price movements and can be used for day trading.

day trading is not for altcoins, but for future exchanges,
altcoins in my opinion are very suitable for long-term or short-term investments, I have tried day trading in altcoins, but it is very difficult to get daily profit,
and i tried future trading and i get a daily profits,

Quote from: brawdias on April 18, 2018, 12:46:08 AM

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

The volatility in altcoins is very high, the increase and decrease in price can reach 100 to 300 percent. so as to create profit opportunities in day trading. However, not all altcoins are suitable as day trading assets. some altcoins like Ethereum are more suitable as long-term trading assets.

Keeping altcoins in the long term is not the best prospect. We simply lost a large number of coins without selling them on time. Projects do not last long, and it is necessary to use the opportunity to earn money on time. Volatility is very high, even within one day we can observe large waves. You need to use the moment and not wait for the manna from heaven.

I think that some shitcoins are for hours trading, some altcoin for day trading and there are also really good projects as polkadot and HBAR that could be holded for years waiting that we are ready for this kind of technology

Quote from: giammangiato on September 21, 2020, 12:12:44 PM

I think that some shitcoins are for hours trading, some altcoin for day trading

not exactly hours but it can be a day or a week , not long enough because shitcoins are prone to crashes . shitcoins are okay for trade but we should pick new kind after trading the other and not to repeat same coin .

for alts coins they can be good in day trading or whatever time you like , the longer the better . if you can be confident enough on alts why would still pick shitcoins but if your sick and cant stick on altcoins why not pick bitcoin instead as another alternative .

Because most of the new altcoins are currently dumped and then the team leaves the project, that's why many people think they would rather do day trading than hold for the long term

I also don't know why so many people are day trading for profit. I trade to convert tokens into my currency, then I withdraw them into my currency. The rest I don't know.