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

[ASHLIUSZ]

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.

These have high liquidity market as well the increased trading volume which is a must with the day trading. Bitcoin is all about the independence, We cannot predict the growth upon any of the factors. The market will move sideways, uptrend, down trend or move gradually in no time. Having a scheduled observation will get good return with day trading.

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[Aivaryamal]

Bitcoin is a more reliable investment and has a higher capitalization, but compared to many other cryptocurrencies, it is less likely to grow 10-20 times in the next few years

[neonshium]

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.

But do not you think that that the money by playing like that would be too little as compared to what you could make with Bitcoin in this volatile market? This is very important to do your cost and benefit analysis. There would be no doubt instant gain of value if you sell TRX to gain quick profits but I think that holding your Bitcoin in a market condition like this will pay off a lot because you could make far more in Bitcoin than in TRX.

[EXtremeAEX]

Serious discussion please.

Obviously some alts can have significantly bigger gains than bitcoin when it comes to long term and bull runs, the last bull run from 6k to 10k for example, sure bitcoin was strong, almost a 2x but some of the top alt coins did more than a 2x even 3x. However that's only long term.

Short term I don't see any reason to trade anything other than bitcoin, especially knowing how little volume some of the other coins have, even top 10 alt coins, for example stellar only has 33m volume. So my question is, what's the point of trading stellar, for example, instead of bitcoin? You know that even if you are a whale and trade a lot, you wont be moving the market as much, if you have 1m and you trade stellar, that's already huge and we all know the 33m volume is probably not even real, a lot of it from bots trading.

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

Bitcoin is undoubtedly the king of the market. And absolutely the entire crypto market at the moment depends only on him. But this is not an argument in favor of trading only it. On altcoins, you can occasionally earn very well. Only long-term trading is not the only profitable. You can successfully trade altcoins daily or middle term. Just watch the market situation. For the entire long bear market, altcoins trading mainly brought me a steady profit.

[Osarman]

My reason because i only have a small capital, then better to trade an Altenative Currency. Bitcoin and other major coin already make a high roi from their ICO. so using Alt for trading was the best option for me.

Well I absolutely second this statement. Those who have got low money and they can’t manage to get big capital, better for them to reach out to altcoins. They are low and very cheap in prices for this specific time period. These people can earn extraordinary from this low budget as well. But again, bitcoin always have a high edge over others. If you can even arrange something so do make it to bitcoin. Bitcoin is low as well, this would be a better opportunity.

[marcous]

Depending on your capital and style I guess .. if you can give advice you can check XBX in coinmarketcap. Where there will be the latest updates that will affect price increases and trading activities which are quite profitable if you want to take a 5% profit for the short term but all depends on your beliefs.

[dmamigo]

My reason because i only have a small capital, then better to trade an Altenative Currency. Bitcoin and other major coin already make a high roi from their ICO. so using Alt for trading was the best option for me.

Well I absolutely second this statement. Those who have got low money and they can’t manage to get big capital, better for them to reach out to altcoins. They are low and very cheap in prices for this specific time period. These people can earn extraordinary from this low budget as well. But again, bitcoin always have a high edge over others. If you can even arrange something so do make it to bitcoin. Bitcoin is low as well, this would be a better opportunity.

Yaah, even I would agree with the fact that for small capital traders, alts are the best to trade. BTC is good, but the amount of profit will be less and the loss will be more. Whereas if we can crack a good trade with alts, the profit can be quite high.

Though I prefer both the alts and BTC, because Bitcoin has more traders and even if the earning is slow or less, there is a chance of earning. But in case of alts, the new incoming alts have disappointed many a time.

[Mrengage]

Serious discussion please.

Obviously some alts can have significantly bigger gains than bitcoin when it comes to long term and bull runs, the last bull run from 6k to 10k for example, sure bitcoin was strong, almost a 2x but some of the top alt coins did more than a 2x even 3x. However that's only long term.

Short term I don't see any reason to trade anything other than bitcoin, especially knowing how little volume some of the other coins have, even top 10 alt coins, for example stellar only has 33m volume. So my question is, what's the point of trading stellar, for example, instead of bitcoin? You know that even if you are a whale and trade a lot, you wont be moving the market as much, if you have 1m and you trade stellar, that's already huge and we all know the 33m volume is probably not even real, a lot of it from bots trading.

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

Definitely with some good analysis and skills to understand the market you can trade any Coin on CMC regarding that you know what you are doing. And you are serious with it.

[Pattart]

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.

Indeed, it is an eating time activity but its worthed with the profit you can get. and I think short term can provide greater benefits than holding long term.
besides, of course you have many options besides bitcoin for trading. and for safe trading, choose one that has a large volume, its good idea.

[Aivaryamal]

I trade every day and get more profit not on bitcoin, but on other crypto-currencies, because they are already a large number and they are more volatile, but bitcoin is a more reliable investment in the long term!

[SirLancelot]

Serious discussion please.

Obviously some alts can have significantly bigger gains than bitcoin when it comes to long term and bull runs, the last bull run from 6k to 10k for example, sure bitcoin was strong, almost a 2x but some of the top alt coins did more than a 2x even 3x. However that's only long term.

Short term I don't see any reason to trade anything other than bitcoin, especially knowing how little volume some of the other coins have, even top 10 alt coins, for example stellar only has 33m volume. So my question is, what's the point of trading stellar, for example, instead of bitcoin? You know that even if you are a whale and trade a lot, you wont be moving the market as much, if you have 1m and you trade stellar, that's already huge and we all know the 33m volume is probably not even real, a lot of it from bots trading.

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

I've seen some of the altcoins going above 100x which is going much profitable then bitcoins but the matter of risk is always high in such altcoins. There are a thousands of coins in the markets and at least some of them might be having high potential to hit the markets and go to the moon but such altcoins might be difficult to identify.

We can find some coin with a backed running product which has an rising demand as we can be satisfied over there that the price for that coin will go in a ascending manner as the demand for their backed product will keep on rising. Investing into lower volume coins can also give bigger profits once they have higher price because the amount of peoples invested into that coin would be much limited.

[fasdorcas]

Depending on your capital and style I guess .. if you can give advice you can check XBX in coinmarketcap. Where there will be the latest updates that will affect price increases and trading activities which are quite profitable if you want to take a 5% profit for the short term but all depends on your beliefs.

Such kind of short term profits are not usually guaranteed. There always remains the risk factor constant where the big whales holding that coins may sell of their coins which will lead to a downer price. These kind of risks are been tried by me and the amount of loss was higher than my profits. There really needs to be a lot of things to learn before starting day trading.

Day trading also requires a lot of time so that we can speculate each single minute graph and find a suitable peak to sell our coins. Day trading may even give good profits but if the price does not increase in short term then rather than selling those coins, you should continue holding that coin until the price hits the high peak.

[fullhdpixel]

My reason because i only have a small capital, then better to trade an Altenative Currency. Bitcoin and other major coin already make a high roi from their ICO. so using Alt for trading was the best option for me.

Well I absolutely second this statement. Those who have got low money and they can’t manage to get big capital, better for them to reach out to altcoins. They are low and very cheap in prices for this specific time period. These people can earn extraordinary from this low budget as well. But again, bitcoin always have a high edge over others. If you can even arrange something so do make it to bitcoin. Bitcoin is low as well, this would be a better opportunity.

We are passing through a very bullish market right now and yeah you are very right that those people who have been unable to make money in other coins should really speculate in altcoin or in Bitcoin right now because this is the time to make use of.

If you are not sure whether to join the crypto market or not, its not the place for you. In addition, I would recommend you to have some Bitcoin in your wallet because the market is bullish.

[moynul2050]

I do daily trading of several altcoins at a cheaper price, the reason is, because they experience rapid volatility compared to bitcoin, then with the difference in the purchase and sale prices of small ones I can get more profit because the number of tokens that I have is more many.

that is some reason I choose other coins in trading daily compared to choosing bitcoin.
it would be better if bitcoin is rewarded for long-term investment. because usually if bullish happens then the bitcoin price will be fantastic.

[South Park]

Bitcoin is a more reliable investment and has a higher capitalization, but compared to many other cryptocurrencies, it is less likely to grow 10-20 times in the next few years

This is the main reason why traders look for other markets, the market of bitcoin offers huge volatility compared to more traditional markets, it has significant volume and it is the best cryptocurrency in the market, so I can understand why many feel there is no need to trade anything else, but when you consider there are coins that can give 100% profits in a single day then it becomes easier to understand why many traders choose to trade an alt that is relatively unknown to the world.

[Vaculin]

My reason because i only have a small capital, then better to trade an Altenative Currency. Bitcoin and other major coin already make a high roi from their ICO. so using Alt for trading was the best option for me.

Well I absolutely second this statement. Those who have got low money and they can’t manage to get big capital, better for them to reach out to altcoins. They are low and very cheap in prices for this specific time period. These people can earn extraordinary from this low budget as well. But again, bitcoin always have a high edge over others. If you can even arrange something so do make it to bitcoin. Bitcoin is low as well, this would be a better opportunity.

We are passing through a very bullish market right now and yeah you are very right that those people who have been unable to make money in other coins should really speculate in altcoin or in Bitcoin right now because this is the time to make use of.

If you are not sure whether to join the crypto market or not, its not the place for you. In addition, I would recommend you to have some Bitcoin in your wallet because the market is bullish.

Right. Bitcoin is what most of the investors crave to have as this is the most profitable coin for now and even in the years to come. Bitcoin has really a bright future so we need to engage more in bitcoin investments so that we will also make huge profits just like what others have experienced.

[TheUltraElite]

I trade every day and get more profit not on bitcoin, but on other crypto-currencies, because they are already a large number and they are more volatile, but bitcoin is a more reliable investment in the long term!

I am not sure if trading everyday you can get profits just like that. You must be having some sort of a delusion or you are just bluffing. Unless you are leverage trading like on Shitmex you wont be getting profits that are worth amassing for a decent amount. Still margin trading is time consuming and takes a lot of attention from the trader, so I doubt that you are into it because you have time to visit this forum as well and post everyday.

Bitcoin as a reliable investment - most traders dont take that perspective. They prefer it as a more volatile asset worth speculating on. Reliability is not the term to be used there.

[Kiweikoo]

I trade every day and get more profit not on bitcoin, but on other crypto-currencies, because they are already a large number and they are more volatile, but bitcoin is a more reliable investment in the long term!

I am not sure if trading everyday you can get profits just like that. You must be having some sort of a delusion or you are just bluffing. Unless you are leverage trading like on Shitmex you wont be getting profits that are worth amassing for a decent amount. Still margin trading is time consuming and takes a lot of attention from the trader, so I doubt that you are into it because you have time to visit this forum as well and post everyday.

Bitcoin as a reliable investment - most traders dont take that perspective. They prefer it as a more volatile asset worth speculating on. Reliability is not the term to be used there.

I think you are right in terms of reliability of Bitcoin as a good asset to invest in for traders. In a market, where speculators could make big money with Bitcoin because it is volatile, traders could also trade it for big gains but yeah, the risk factor is again there. So if a trader is too curious about his investment in Bitcoin, he got reason to look for other coins as well.

[Altero]

I do daily trading of several altcoins at a cheaper price, the reason is, because they experience rapid volatility compared to bitcoin, then with the difference in the purchase and sale prices of small ones I can get more profit because the number of tokens that I have is more many.

that is some reason I choose other coins in trading daily compared to choosing bitcoin.
it would be better if bitcoin is rewarded for long-term investment. because usually if bullish happens then the bitcoin price will be fantastic.

Really fantastic as of today but altcoins seems to be at slow and only known coins are kicking right now.
It will be preferred to have Bitcoins for me in trading than of altcoins cause of its price fluctuations, the more it goes like that, the more chances we got good profit from it.
Anyway, altcoin is just another option we have and giving trust to them might be a big risk we face.

[yvesp110]

I do daily trading of several altcoins at a cheaper price, the reason is, because they experience rapid volatility compared to bitcoin, then with the difference in the purchase and sale prices of small ones I can get more profit because the number of tokens that I have is more many.

that is some reason I choose other coins in trading daily compared to choosing bitcoin.
it would be better if bitcoin is rewarded for long-term investment. because usually if bullish happens then the bitcoin price will be fantastic.

Really fantastic as of today but altcoins seems to be at slow and only known coins are kicking right now.
It will be preferred to have Bitcoins for me in trading than of altcoins cause of its price fluctuations, the more it goes like that, the more chances we got good profit from it.
Anyway, altcoin is just another option we have and giving trust to them might be a big risk we face.

I agree with you other altcoins are following bitcoin but it is much better if you trade with bitcoin because it has no limit price it rises and makes us even more than milliner if we trade it well in a knowledgeable manner, it makes 100 percent profit if we buy at low price and sell at high price, trading is all about profit with bitcoin so I am not interested in any other altcoins.