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

[TheUltraElite]

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.

Maybe they have a reason but that reason only stays for a short period of time. I am yet to see some shitcoin about to do something that changes the financial system something that bitcoin was capable of doing. None of them have done any such things and most just piggyback on bitcoin's bull runs to start their own bull trends - this is only visible when the bear market starts and leads to altcoins bleeding out.

Most of the altcoins are just money making schemes for the developers of that coins and not the investors. Get that fact in your head now. But greed on part of the investor will make them invest in these shitcoins so these words make little sense to them.

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[DeathProxy]

Day Trading altcoin sometime can be more profitable than bitcoin because altcoin are more volatile than bitcoin. Bitcoin movement is slow as compared to that of altcoin which is very fast.

[radjie]

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.

bitcoin is very appropriate if used as a form of long-term investment, but if market price movements increase, there is no harm if we can sell it to get a little profit rather than having to wait long but not have the target to be obtained. all types of investment in cryptocurrency certainly have a very big risk, investment in bitcoin and altcoin both have risks that we have to face, but from a large risk it can certainly provide greater benefits for its users.

[idham29]

Day Trading altcoin sometime can be more profitable than bitcoin because altcoin are more volatile than bitcoin. Bitcoin movement is slow as compared to that of altcoin which is very fast.

Crypto trading does not have to be bitcoin, because there are many opportunities in altcoins where the level of stability is better and the price is cheaper. Even for professionals who trade every day prefer altcoin.
Unlike long-term investors who are more static in managing their money, they naturally prefer bitcoin HODL because the increase can be double the capital. This type of investor is of course very large in capital.

[BlackFor3st]

This is what I have notice also therefore instead of trading or holding bitcoin for a long term, I invest in other currencies that has the potential to x10 in the end of the bull run.

One of the currencies that I choose aside from bitcoin is Ethereum, the bottom of Eth last time is 80$ and bitcoin is 3k$. If you are going to compare the two base on the current price right now. Eth is already 245$ and bitcoin is 7877$, if you will compare the two then you can notice that eth has x3 already while bitcoin haven't reach the x3 price yet. But still, any of them will give you a good amount of profit especially in bull run season.

[Aivaryamal]

Bitcoin of course in the portfolio should be more, but you need to distribute your capital on other promising projects, for example, within two days only such a cryptocurrency as WPR gave 100% growth, the products of other startups are beginning to be used, the developers are serious about their business

[leea-1334]

This is what I have notice also therefore instead of trading or holding bitcoin for a long term, I invest in other currencies that has the potential to x10 in the end of the bull run.

One of the currencies that I choose aside from bitcoin is Ethereum, the bottom of Eth last time is 80$ and bitcoin is 3k$. If you are going to compare the two base on the current price right now. Eth is already 245$ and bitcoin is 7877$, if you will compare the two then you can notice that eth has x3 already while bitcoin haven't reach the x3 price yet. But still, any of them will give you a good amount of profit especially in bull run season.

Long term as you say, nothing wins against Bitcoin,,, but yeah if you are a speculator than there is only alts. Bitcoin is still for speculators too in fact, but perhaps 10% and 15% gains in a week are not enough for some. Alts on the other hand do like ETH, 3x in a few months.

But not all alts have liquidity. Some have great prices but the minute you sell them on the market price crashes. Not enough listings. So apart from big alts, very little reason to speculate on below top 20.

[michellee]

Day Trading altcoin sometime can be more profitable than bitcoin because altcoin are more volatile than bitcoin. Bitcoin movement is slow as compared to that of altcoin which is very fast.

When bitcoin has already stable at one range of the price, the altcoin will replace the moment, and many of the altcoins will increase. That will be the best time to do day trading with the altcoin, and I am sure that we can make a nice profit. But still, be careful to choose the coins because not all altcoin will have a good move in the market because they need more support to increase the price.

[bitbunnny]

Day Trading altcoin sometime can be more profitable than bitcoin because altcoin are more volatile than bitcoin. Bitcoin movement is slow as compared to that of altcoin which is very fast.

Maybe altcoins could be more profitable but it's very hard to find an altcoin that is worth trading. Also you have to spend a lot of time and efforts to make proper analysis of altcoin market and watch this market all the time to make the right decision. To my opinion too much exhausting time for not so great result so it's better to choose Bitcoin.

[calya]

Day Trading altcoin sometime can be more profitable than bitcoin because altcoin are more volatile than bitcoin. Bitcoin movement is slow as compared to that of altcoin which is very fast.

Maybe altcoins could be more profitable but it's very hard to find an altcoin that is worth trading. Also you have to spend a lot of time and efforts to make proper analysis of altcoin market and watch this market all the time to make the right decision. To my opinion too much exhausting time for not so great result so it's better to choose Bitcoin.

experience will bring us to profits.without experience and skill in analizing coins it is impossible for us to could find best altcoin which is could be profitable in near future.if we have no this capacity maybe buying bitcoin will be another solution.

[Nellayar]

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.

In my own perspective, it is good to have diverse investment. You can easily run if there is a trouble with your investment or you can go with the flow. Select only 3 cryptocurrencies so that you can observe its entire data. Bitcoin is good but other altcoins have also better plans and development. So, try to divide your portfolio.

[logicgate]

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.

In my own perspective, it is good to have diverse investment. You can easily run if there is a trouble with your investment or you can go with the flow. Select only 3 cryptocurrencies so that you can observe its entire data. Bitcoin is good but other altcoins have also better plans and development. So, try to divide your portfolio.

 So to  be honest you could be right in your view but I am not feeling like to be agree with you,  think it is good and safe to invest your money only in bitcoin, bitcoin is the best coin that will never make you suffer in your trading strategy, we only have to believe and trust our investment in bitcoin, so bitcoin is my only choice I don’t consider any other coin trust worthy.

[TheUltraElite]

Bitcoin of course in the portfolio should be more, but you need to distribute your capital on other promising projects, for example, within two days only such a cryptocurrency as WPR gave 100% growth, the products of other startups are beginning to be used, the developers are serious about their business

Only bitcoin is what I would suggest. The startups that you think are going to be big in future are actually going to be worthless. Thats how crypto market is these days once the ICO buzz ended down last year. Now people are looking for alternatives to make money. But truely these ICO teams ripped off money from many investors and they delivered nothing but fake promises. Even Patreon is better than this.

People need to realize that this market is full of this type of "legal scams". Nobody is going to be responsible for your money. Stop feeding koolaid crew coins and focus on bitcoin only.

[A L I E N]

Day Trading altcoin sometime can be more profitable than bitcoin because altcoin are more volatile than bitcoin. Bitcoin movement is slow as compared to that of altcoin which is very fast.

I cannot imagine that people risk dealing with Bitcoin day trading. Its price is too high for these business operations. Altcoins work better for these purposes, especially tokens with low market cap.

[trickyriky]

Day Trading altcoin sometime can be more profitable than bitcoin because altcoin are more volatile than bitcoin. Bitcoin movement is slow as compared to that of altcoin which is very fast.

Crypto trading does not have to be bitcoin, because there are many opportunities in altcoins where the level of stability is better and the price is cheaper. Even for professionals who trade every day prefer altcoin.
Unlike long-term investors who are more static in managing their money, they naturally prefer bitcoin HODL because the increase can be double the capital. This type of investor is of course very large in capital.

Bitcoin is good for long investments. Day trading using BTC is useless. For these purposes, altcoins with a small  market cap are good. Some of them, if you find the right tokens, can bring you fast profits.

[rapsa2018]

Try to trade with Bnb,xrp and eth this coins have a good price and have a reason to follow the price of bitcoin same as usual to pump and dump on their prices.

[Babyrica0226]

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.

Well honestly, to apply day trade is easy if you have the capital to buy coins in any of the exchange platform. Because if you don't have any of it it will difficult for you to do it. And I agreed that day trade will give profit to anyone here in the forum and altcoins is the main reason for us to gain here a lot most of the time.

[Best Dreams]

Day Trading altcoin sometime can be more profitable than bitcoin because altcoin are more volatile than bitcoin. Bitcoin movement is slow as compared to that of altcoin which is very fast.

Crypto trading does not have to be bitcoin, because there are many opportunities in altcoins where the level of stability is better and the price is cheaper. Even for professionals who trade every day prefer altcoin.
Unlike long-term investors who are more static in managing their money, they naturally prefer bitcoin HODL because the increase can be double the capital. This type of investor is of course very large in capital.

Bitcoin is good for long investments. Day trading using BTC is useless. For these purposes, altcoins with a small  market cap are good. Some of them, if you find the right tokens, can bring you fast profits.

I am not agree with you, we can have good profit from bitcoin but no other coin is good now  a day because it has good market value, we can trade with bitcoin in good way I like it because I had good experience, it gives you safety of future, gives you more chances to make money from bitcoin as day trader, trying every new coin is not wise  step for me

[jonaire99]

Bitcoin always lead the way but there are other coins that also profitable like the top coin in trading. When it come to long term holding, bitcoin and some strong altcoins like ethereum and xrp are good choices because they are already proven in the past. But many of the altcoins has already their ability to go up and create their own all-time high.  So I believe that there are valid reasons to trade in altcoins because some of them are also profifable like bitcoin.

[99subsats]

If you're using an AI model like mpcx there's definitely a reason to day trade some alts