Is there any reason to day trade anything other than bitcoin?

[samcrypto]

Personally I'm doing day trade for who has high volume transaction and great news about it.
But both of trading like stock and crypto has high risk on them so you should done it with extra careful.

I'm better trade crypto for long term rather than short term because I've experience it myself

Always better to trade with high volumes since its more active, though most of those coins are just a fake volume so try to trade with a good coins. I also do long term trading because day trade is not good for me, bitcoin is not a reason to do day trading since its not moving much. Do your day trading because you can, not just you want to.

[1714223084]

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[ausbit]

To be honest, there is not much bitcoin in my portfolio, although it has a large capitalization and wide distribution, but the potential profit is much less than compared to other digital assets that can grow in price by another 10-15 times

Well this also depends on how long have you been holding your Bitcoin. I think that Bitcoin is not something that will give you some 10x profits in a month or so. The market had been very slow these days and you need to be patient for some good profits. There are other coins which grow faster that Bitcoin but since the marketcap of Bitcoin is quite high, a surge or two would be enough to double the value of your investment.

Day trading is suicidal as per many trader's experiences. Still, we are seeing many people are trying to learn and practice it through various topics here in this forum itself. I am not at all interested in day trading but I am trading bitcoins and that too long term holding basis not even short term basis.

[Karmakid]

You should try day trading the altcoins from top 10 below because they are more flexible and more vulnerable to high fluctuations of price and that means a more room for you to make profit from day to day basis. Day trading is a very risky way to make money but if you are a master of technical analysis then i don't think that you need to worry about losing a lot of money.

[fndsr]

how many altcoins are very good for trading daily.  I picked TRX one of them.  you can move from holding BTC to TRX.  the reason is the price for trx is cheap and you can play pingpong in daily trading (up a little selling.  down a little buy)

[South Park]

Maybe trading altcoins aren't that good for whales. But regular traders aren't trading millions daily. The good thing on altcoins as mentioned have higher volatility so a very good trader gains better than trading using altcoins.

Whales will have huge problems getting in and out of their positions if they tried to trade coins with low volume, so they do not really have any option but to stick with coins like bitcoin and ethereum, but for those like us with a small amount of money we can safely trade those alts, as long a we know what we are doing, but when you see that bitcoin can easily get you huge profits in just a few weeks like what we are seeing now I really wonder why should I bother with most altcoins anyway?

[arpon11]

Maybe trading altcoins aren't that good for whales. But regular traders aren't trading millions daily. The good thing on altcoins as mentioned have higher volatility so a very good trader gains better than trading using altcoins.

Whales will have huge problems getting in and out of their positions if they tried to trade coins with low volume, so they do not really have any option but to stick with coins like bitcoin and ethereum, but for those like us with a small amount of money we can safely trade those alts, as long a we know what we are doing, but when you see that bitcoin can easily get you huge profits in just a few weeks like what we are seeing now I really wonder why should I bother with most altcoins anyway?

I do agree with you and to me this all depends on the type of traders we are.  It will be very difficult for us to trade bitcoin and making consistently profits talk more of other coins but if you have understanding on how the market work you can actually makes money from any of the coins listed in exchange platforms.  You just need to have the strategies and experience on how day trade work in other to take advantage of the up and down of the market.  It is good we understand all the altcoins and there market behavior as this is the only way we can know when to take little profits as there get dump and pump of those coins daily.

[Tungsten-1]

You should try day trading the altcoins from top 10 below because they are more flexible and more vulnerable to high fluctuations of price and that means a more room for you to make profit from day to day basis. Day trading is a very risky way to make money but if you are a master of technical analysis then i don't think that you need to worry about losing a lot of money.

I think day trading is good but long term trading is more than this, for day trading we will have to gain enough knowledge and information, those who can make good analization of the market can get good profit from day trading as for day trading we will have to remain active day and night in the market so we can check current market price graph.

[johanesrobin]

how many altcoins are very good for trading daily.  I picked TRX one of them.  you can move from holding BTC to TRX.  the reason is the price for trx is cheap and you can play pingpong in daily trading (up a little selling.  down a little buy)

maybe you mean scalping technique. not pingpong. That is good.
trading is looking for profit, and analyzing potential coins is better than losing a moment or getting stuck.

[GreatArkansas]

It's also much easier to follow bitcoin because, well, the whole market follows bitcoin. Bitcoin dictates where the market goes.

Not all the time, just like now, did alts followed Bitcoin? Alts just dump hard when BTC pumped.
It's really different for me to trade bitcoin and alts (especially when bull season). I do believe that when the price of bitcoin will become stable again, probably that the alts will follow also.
As you can see now, after how many hours/days when BTC pumps and alts dump and BTC still dumping, suddenly the alts are pumping (This kind of scenario I noticed on since last year)

[bitbunnny]

Pwrsonally I don't see any other coins that are worth daily trading besides Bitcoin. Also, day trading is very demanding, it requests a lot of experiences and knowledge and your full attention to the market so it would be very hard to follow this for multiple coins. But maybe there are some successful traders who could manage that also.

[South Park]

Pwrsonally I don't see any other coins that are worth daily trading besides Bitcoin. Also, day trading is very demanding, it requests a lot of experiences and knowledge and your full attention to the market so it would be very hard to follow this for multiple coins. But maybe there are some successful traders who could manage that also.

If you are day trading then it is a good idea to try to monitor more coins than just bitcoin since the more markets you watch the more opportunities you are going to have to make money, but you are right, the more markets you are watching the harder day trading becomes, but you do not need to watch hundreds of coins at the same time, as long as you can watch 3 or 4 coins at the same time then you will have plenty of opportunities to multiply your capital.

[fullhdpixel]

It's also much easier to follow bitcoin because, well, the whole market follows bitcoin. Bitcoin dictates where the market goes.

Not all the time, just like now, did alts followed Bitcoin? Alts just dump hard when BTC pumped.
It's really different for me to trade bitcoin and alts (especially when bull season). I do believe that when the price of bitcoin will become stable again, probably that the alts will follow also.
As you can see now, after how many hours/days when BTC pumps and alts dump and BTC still dumping, suddenly the alts are pumping (This kind of scenario I noticed on since last year)

This is where a smart trader takes advantage age, from what you said, you will see that both always go opposite direction which I agree with you, so Bitcoin and altcoins both have different season, we just need to learn how to adapt and take advantage of both seasons.

Probably we trade bitcoin during its own run and once BTC start its own bull run, we enter trades because that is when the market becomes much volatile and when Bitcoin is about to stop the bull run, then we should automatically know that it is time to trade altcoins. We have to study how to control the market and not the market always controlling us.

[yvesp110]

Pwrsonally I don't see any other coins that are worth daily trading besides Bitcoin. Also, day trading is very demanding, it requests a lot of experiences and knowledge and your full attention to the market so it would be very hard to follow this for multiple coins. But maybe there are some successful traders who could manage that also.

I think the same, I like to trade with bitcoin and ETH because for me both of them are really good coins to trade for day, as price rises faster in day trading, it has more potential and it is first crypto currency, we will see progress even more with passage of time, trading is the beneficial only with bitcoin not any other coin.

[TheUltraElite]

Pwrsonally I don't see any other coins that are worth daily trading besides Bitcoin.

Is it not strange that after the altcoins bled out the general concept changed from being alt enthusiast to bitcoin maximalists? Its nice to see people change like this and it also brings out the level of hypocrisy that some people have.

Also, day trading is very demanding, it requests a lot of experiences and knowledge and your full attention to the market so it would be very hard to follow this for multiple coins. But maybe there are some successful traders who could manage that also.

Obviously some day traders will be able to make money from trading alts. But know this as well, majority of day traders actually make money by selling their memberships to personal pump and dump groups rather than actually trade. They give their own picks which are again pumped up coins where they are going to dump on their members when they go after that pick and buy it to a huge price.

[BeGoods]

Personally I'm doing day trade for who has high volume transaction and great news about it.
But both of trading like stock and crypto has high risk on them so you should done it with extra careful.

I'm better trade crypto for long term rather than short term because I've experience it myself

It gives a smaller risk right? trading is not just about bitcoin and fiat. You have many other options too, like Altcoin with bitcoin, the risk might be much bigger but the benefits might be much bigger too, there are times when you have to get out of your comfort zone

[Yaunfitda]

Pwrsonally I don't see any other coins that are worth daily trading besides Bitcoin. Also, day trading is very demanding, it requests a lot of experiences and knowledge and your full attention to the market so it would be very hard to follow this for multiple coins. But maybe there are some successful traders who could manage that also.

If you are day trading then it is a good idea to try to monitor more coins than just bitcoin since the more markets you watch the more opportunities you are going to have to make money, but you are right, the more markets you are watching the harder day trading becomes, but you do not need to watch hundreds of coins at the same time, as long as you can watch 3 or 4 coins at the same time then you will have plenty of opportunities to multiply your capital.

I'm sure that there are lots of alts better suited for intra day trade as well. So not only bitcoin but most altcoins are really prime for day trading. That is if you are able to ride the waves early.

I saw one coin being pump 2 consecutive days, ICO price was $.5 then it went as high as $5. But now its hovering around $1.5-$2.0. Still not bad though specially for investors, x4 of your investments in this bear market? I will take it anytime of the day.

[OrangeSeller]

Pwrsonally I don't see any other coins that are worth daily trading besides Bitcoin. Also, day trading is very demanding, it requests a lot of experiences and knowledge and your full attention to the market so it would be very hard to follow this for multiple coins. But maybe there are some successful traders who could manage that also.

I think the same, I like to trade with bitcoin and ETH because for me both of them are really good coins to trade for day, as price rises faster in day trading, it has more potential and it is first crypto currency, we will see progress even more with passage of time, trading is the beneficial only with bitcoin not any other coin.

I do not think there is just Bitcoin out there in the market that can make or generate value in the market. ETH and Litecoin are good as well. There is a long list of good coins but if you do the relative analysis, you would realize that Bitcoin on the average gives more profit than others do so yeah Bitcoin is relatively good. But investing in a wide range of coins really makes you able to cash the profits due to diversification.

[darkr]

Personally I'm doing day trade for who has high volume transaction and great news about it.
But both of trading like stock and crypto has high risk on them so you should done it with extra careful.

I'm better trade crypto for long term rather than short term because I've experience it myself

Day trading is a time-eating activity. Only those fellows, who take trading as their main job, can do it. besides, you can work here mostly with the tokens that have a lower rating as their prices change more often.

[South Park]

Personally I'm doing day trade for who has high volume transaction and great news about it.
But both of trading like stock and crypto has high risk on them so you should done it with extra careful.

I'm better trade crypto for long term rather than short term because I've experience it myself

It gives a smaller risk right? trading is not just about bitcoin and fiat. You have many other options too, like Altcoin with bitcoin, the risk might be much bigger but the benefits might be much bigger too, there are times when you have to get out of your comfort zone

Many traders want contradictory things, they want to obtain great profits in a short amount of time and they want to do it by avoiding risk as much as possible and that is not going to happen, the more volatile a market the better profits you can get, this is a known fact but you can also lose a lot of money if you invest in those markets, so the only ones that should invest in them are experimented traders with a strategy they have tested and that they know it works.

[Vaculin]

Pwrsonally I don't see any other coins that are worth daily trading besides Bitcoin. Also, day trading is very demanding, it requests a lot of experiences and knowledge and your full attention to the market so it would be very hard to follow this for multiple coins. But maybe there are some successful traders who could manage that also.

I think the same, I like to trade with bitcoin and ETH because for me both of them are really good coins to trade for day, as price rises faster in day trading, it has more potential and it is first crypto currency, we will see progress even more with passage of time, trading is the beneficial only with bitcoin not any other coin.

Yes. Bitcoin and ethereum are still my good choices for trading cryptos because these two have good start already that we can really make huge profits especially if we hold them for long years. There may be a lot of altcoins out there but only few of then will sure to pump and the rest of them have only become shitcoins.