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DonFacundo
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June 28, 2018, 11:10:43 AM |
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yes, if you are a good trader then you can gain more profit than long term investment even the market is down you can still make profit because some altcoins are increase.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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TedMosby
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June 28, 2018, 03:24:52 PM |
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I feel more comfortable when holding bitcoin rather than altcoins. bitcoin is a long term investment for me. however, I want to make daily profit too, but I hate daily trading. I dont have enough skill to read the chart, to predict the market. all that I can do for trading is only read the news. now I have a small mining rig, I hope it can be the solution of my problem.
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DarkIT
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June 28, 2018, 05:26:31 PM |
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I feel more comfortable when holding bitcoin rather than altcoins. bitcoin is a long term investment for me. however, I want to make daily profit too, but I hate daily trading. I dont have enough skill to read the chart, to predict the market. all that I can do for trading is only read the news. now I have a small mining rig, I hope it can be the solution of my problem.
well, I've done that, and of course I'm benefiting from it. for now, I think so many are doing this. even by selling bitcoin, we can get altcoin that can make us get big profit when the price goes up. |
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Adrin
Member
 Offline
Activity: 294
Merit: 10
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June 29, 2018, 04:33:26 PM |
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If you know how to start cryptocurrency trading so you can start cryptocurrency trading but if you don't know how to start cryptocurrency trading, I just suggest you must learn about cryptocurrency and must follow coinmarketcap and analyses which is the very good coin. Then you can start cryptocurrency trading. If you want to buy Bitcoin but at the moment I just suggest you must buy too many altcoins because Bitcoin is a very popular and more valuable coin in this digital world so you need to buy altcoin, if you want to make a huge money in this cryptocurrency market. If you don't buy altcoin you can't make a good profit in this online industry so at first analyze market then start buying altcoin.
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emmybd
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June 29, 2018, 04:58:47 PM |
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I think that with proper strategy you can make huge profit by trading altcoins, so there is nothing wrong in trading bitcoin. As some of these altcoins have got the potential to make x50 or x100 and may be even more.
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ajochems
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June 29, 2018, 06:59:11 PM |
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The profit which I had got from bitcoin investments.Still now,the price of bitcoin is on the top .It is due to the investors in bitcoin.The people who had invested their money in bitcoin,will hold their coin till maximum rise in the price of bitcoin.If the price of trusted altcoin is reduced ,I will convert my half of bitcoin into that altcoin.
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Herbys
Jr. Member
Offline
Activity: 238
Merit: 6
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June 29, 2018, 07:02:49 PM |
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I was looking at the possibility of investing in several Altcoins as part of my trading by selling off Bitcoins. I do feel that with proper planning and execution, the profits that could be reaped through these Altcoins by day trading in a week would be far superior to that of Bitcoin.
It is true I am talking in terms of a short term gain. BTC is certainly a long term investment but what about the short term gains? As an example, even if I invest in 1000 coins of IOTA or 10000 coins of NEM, I am assured of greater volatility in the market for these coins compared to that of BTC. If NEM makes a high on a particular day even by 0.05$ USD, I would make 0.05x10000 = 500$ USD in a day if I sell all my coins at that price.
Of course, trading does involve many other practical factors which make things not as simply as I write here. But being a pro I can simplify the complexity and say that it is certainly possible to make it so.
But will this not be a way to make decent income every day? When you invest in cryptocurrency, it is a need for one to continually observe the market trends. When one is able to understand the intricacies of the market then it is better that he takes up (day) trading.
After all it is important we make money on a regular basis apart from the long term investment isn’t it so?
When Bitcoin goes down to 5K, you definitely need to buy it, because it is more volatile and has a larger capitalization. If you buy an altcoy and it will happen with him a hundred, Bitcoin will not do it, but if on the contrary - the market can not endure such shocks. Bitkion acts as a shoe against shocks. |
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djselery
Legendary
Offline
Activity: 1386
Merit: 1001
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June 29, 2018, 07:18:16 PM |
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Yes, I am doing this daily almost. There are many promising and valuable altcoins which have good potential, and buying them now while the market is down is our best opportunity in my opinion. Bitcoin is also valuable but we can holding it in addition to investing in the best altcoins as well, and diversifying our crypto portfolio.
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siagh357
Newbie
Offline
Activity: 143
Merit: 0
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June 29, 2018, 08:45:42 PM |
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I have done this several times and I really benefited from it. If there is a coin that has a potential of becoming a great coin, and you have funds tied up in bitcoin which seems going down each day, why wont you sell to buy altcoins.
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Reid
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June 29, 2018, 08:56:29 PM |
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No.
Anytime it could be the worse decision if ever bitcoin price goes up.
It is too much volatile and you will know when it will shoot up. Just making for that is already a hard effort done by holders.
Better to just use another capital for buying altcoins and also it takes away the risk of spending your bitcoin with gambling at trading websites.
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Harley_Quinn
Full Member
Offline
Activity: 382
Merit: 104
❤️❤️❤️
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June 29, 2018, 09:51:28 PM |
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For example, I have the whole principle of trading, is, there is a certain holding strategy, with which the risks of losing funds are very small.
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zelda131292
Member
Offline
Activity: 126
Merit: 10
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June 29, 2018, 10:26:02 PM |
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well we all are doing that kind of stuff on a daily basism, otherwise we should not be able to trade our coins, dont you think? it does not make sense
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In bitcoin we trust!
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denisaardelean
Member
Offline
Activity: 322
Merit: 10
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June 29, 2018, 11:37:00 PM |
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I was looking at the possibility of investing in several Altcoins as part of my trading by selling off Bitcoins. I do feel that with proper planning and execution, the profits that could be reaped through these Altcoins by day trading in a week would be far superior to that of Bitcoin.
It is true I am talking in terms of a short term gain. BTC is certainly a long term investment but what about the short term gains? As an example, even if I invest in 1000 coins of IOTA or 10000 coins of NEM, I am assured of greater volatility in the market for these coins compared to that of BTC. If NEM makes a high on a particular day even by 0.05$ USD, I would make 0.05x10000 = 500$ USD in a day if I sell all my coins at that price.
Of course, trading does involve many other practical factors which make things not as simply as I write here. But being a pro I can simplify the complexity and say that it is certainly possible to make it so.
But will this not be a way to make decent income every day? When you invest in cryptocurrency, it is a need for one to continually observe the market trends. When one is able to understand the intricacies of the market then it is better that he takes up (day) trading.
After all it is important we make money on a regular basis apart from the long term investment isn’t it so?
I believe that at this time you can buy bitcoin and altcoin commercially, the market is showing signs of strong recovery as bitcoin prices are steadily declining in recent days, at this time. The market is showing signs of recovery and in my analysis, bitcoin prices may continue to rise to $ 7000 in the coming days. So you can rest assured when trading altcoin these days. |
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developer101dev
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June 30, 2018, 05:06:48 AM |
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I was looking at the possibility of investing in several Altcoins as part of my trading by selling off Bitcoins. I do feel that with proper planning and execution, the profits that could be reaped through these Altcoins by day trading in a week would be far superior to that of Bitcoin.
It is true I am talking in terms of a short term gain. BTC is certainly a long term investment but what about the short term gains? As an example, even if I invest in 1000 coins of IOTA or 10000 coins of NEM, I am assured of greater volatility in the market for these coins compared to that of BTC. If NEM makes a high on a particular day even by 0.05$ USD, I would make 0.05x10000 = 500$ USD in a day if I sell all my coins at that price.
Of course, trading does involve many other practical factors which make things not as simply as I write here. But being a pro I can simplify the complexity and say that it is certainly possible to make it so.
But will this not be a way to make decent income every day? When you invest in cryptocurrency, it is a need for one to continually observe the market trends. When one is able to understand the intricacies of the market then it is better that he takes up (day) trading.
After all it is important we make money on a regular basis apart from the long term investment isn’t it so?
I will be always preferring to use bitcoins more than altcoins by comparing the growth of cryptocurrency and potential in the market, bitcoins will be always the best to invest because it is more profitable due to higher demand in the market. |
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MMS2017
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June 30, 2018, 05:31:29 AM |
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Not now i do not want to trade bitcoin for altcoin and it is easy to buy now altcoin and through this way we can become rich and both bitcoin and altcoin are profitable and precious as now the prices of bitcoin is recovering i hope that in the near future price will be good.
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xvids
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June 30, 2018, 06:05:48 AM |
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Yes if I would surely get a profit from it I would definitely do it,
But right now alt-coin is also dropping down so for me I would really have to be careful in where I would put my money to gain some profit.
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denisaardelean
Member
Offline
Activity: 322
Merit: 10
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June 30, 2018, 09:18:51 AM |
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I definitely will and that's what I'm currently doing. I hold more altcoins rather than Bitcoin. The price of BTC now is still the highest in the market and I believe that I will have more profit in the future if I'll invest my money in quality altcoins so whenever I have BTC, I use it to buy more altcoins.
I do not think like you, you can see that the market is bearish in the long run, so the trade at this time is very difficult, bitcoin price despite the recovery, but I The price of bitcoin will not be able to pass the $ 7000 mark. So in order to be able to secure a profit and minimize risk I think you should only trade short-term bitcoin. |
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Rana590
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June 30, 2018, 09:37:32 AM |
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I can suggest you some advice. Don't trade without much experience. Trading with altcoin is so risky. There is a chance to loss your capital also. In this case, you should need more information and experience.
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nightways
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June 30, 2018, 10:12:48 AM |
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Yes.If the price of Bitcoin is maximum.I will convert my holding bitcoin into the trusted altcoin.Then holding both the remaining bitcoin and altcoin for my future.If the price increase,it will good news for the holding people.We can easily convert Bitcoin into Altcoin.
It seem always better to hold more bitcoin s or tether when the market is struggling (as it currently is). A mere 10 percent drop on the price of bitcoin will often lead to up-to 15-20 percent drop in the value of most altcoins I will follow the strategy to trade with Altcoin in the beginning because I will get experience from it as it is a short term trading processes so I will perform many times in little time which will give me experience. I will be able to upgrade to the Bitcoin after getting experience from the short term Altcoin trading which will make me able to get huge profit. Even if I lose in Altcoin trading it will not be huge loss and I will learn how to act according to that situation which is experience. |
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adzino
Copper Member
Hero Member
Offline
Activity: 2968
Merit: 574
www.Crypto.Games: Multiple coins, multiple games
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June 30, 2018, 03:05:07 PM |
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Easy to say "I will make $500 in a day if the price jumps by only $0.05" but hard to execute. If it was that easy, we would have seen multiple people doing the same thing and thus easy money for everyone. But do we see them? Nope, cause it is actually not that easy. You are just considering about the price rise, but what if the price falls by $0.05? You would be losing $0.05 in matter of seconds.
It is true that you altcoins give more opportunity in making profit than bitcoin, but the risk associated with day trading is what holding people back.
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