When to trade altcoins?

[Finestream]

If you have been trading Bitcoins then you must have already learned the basics of trading. The patterns and what you make out of them must already be familiar with you. But when you enter the altcoin arena, you will be spending more time for monitoring. More than the candles, you must also be very keen on the fundamentals. That what makes altcoins pump. Constantly update yourself with them.

Of course it is a must once you take into trading.But make sure if you want to trade with altcoins,be smart enough in choosing those coins with potentials because even if they don't shine today,they will sure to boom in the near future.Altcoins trading is much risky compared to bitcoins so be brave enough whatever the outcome is.

[Aivaryamal]

If you ask about trading and have enough time, then you need to do it of course every day, so you will gain experience and learn to analyze

[iged_war]

If you ask about trading and have enough time, then you need to do it of course every day, so you will gain experience and learn to analyze

doing it every day make our skill traineed well.and we could take important lesson from market , especially about market cycle and history that give big influence to price movement in future.

[bohr]

If you have been trading Bitcoins then you must have already learned the basics of trading. The patterns and what you make out of them must already be familiar with you. But when you enter the altcoin arena, you will be spending more time for monitoring. More than the candles, you must also be very keen on the fundamentals. That what makes altcoins pump. Constantly update yourself with them.

Some people are just blinded by the profit that they can get in the market, I have known people that are unable to get profits in the market of bitcoin and yet they want now to invest in altcoins with very low volume, they do not seem to understand that if they cannot make money in a market that has lower volatility making money in a market which is even more volatile and that is subject to more manipulation is going to impossible for them.

[yanto@1977]

Hello everyone. So recently I've been trading bitcoin for alt coins as I find that alt coins are far more volatile due to lower volume compared to Bitcoin and thus more profitable when it comes to day trading. Any great alt coins I should be looking into for trading? I'd like to hear your opinion on this method of trading!

As long you still get income any coins you take it will profitable. I think coins is the main problems because chose the wrong coin will make us lost. But I believe this part can't be separate with money management and psychology. So trading is big picture for us. People will chose survive coins, see from coinmarketcap list number 1 - 5, take them as your way.

[Barbut]

Hello everyone. So recently I've been trading bitcoin for alt coins as I find that alt coins are far more volatile due to lower volume compared to Bitcoin and thus more profitable when it comes to day trading. Any great alt coins I should be looking into for trading? I'd like to hear your opinion on this method of trading!

As long you still get income any coins you take it will profitable. I think coins is the main problems because chose the wrong coin will make us lost. But I believe this part can't be separate with money management and psychology. So trading is big picture for us. People will chose survive coins, see from coinmarketcap list number 1 - 5, take them as your way.

What is wrong coin? The one without future, created to be a scam and to trick people to invest in it. Coins from 1-5 have potentially great future, so when is the right time to trade with them, answer is clear wait dip to buy and wait top to sell. You have buy support and sell resistance, learn about this two terms and you will have a bigger picture how to do it.

[LuvCyanide]

Yes, in my opinion it is very profitable to trade altcoins. I don't have one coin in mind. Very many coins can grow, the most important thing is to have time to buy a coin and sell it at the right time.

[coinluisa]

Hello everyone. So recently I've been trading bitcoin for alt coins as I find that alt coins are far more volatile due to lower volume compared to Bitcoin and thus more profitable when it comes to day trading. Any great alt coins I should be looking into for trading? I'd like to hear your opinion on this method of trading!

Maybe you can make a profit in altcoin but I think it will not get a profit in one day because like you said market also volatile so we don't know if that altcoin will goes up and goes down.  So I think much better a long term investments.

[cryptotrader 101]

Do you want to improve your strategies for trading and investing in crypto? Cryptocademy is a Discord community focused on sharing knowledge, ideas, and data to make us all better traders. Learn how to evaluate projects and markets from a professional crypto investor (@crypto_trader from Twitter), and make use of specially designed data tools that can give you an edge. Best of all, it's 100% completely free - we just want to bring like-minded people together!

Join here: https://discordapp.com/invite/N9xQDY6
This week's Q&A topics we will be going over:


FUNDAMENTALS
SUPPORT & RESISTANCE
RISK MANAGEMENT
TRADE IDEA
ENTRY POINT
EXIT POINT

[javainn]

it doesn't matter if you have to trade bitcoin for altcoins, choosing altcoin can be used as one of the positive things because of good potential. so I think altcon can still be a good choice

[Meggie Diaz]

Is there a good altcoins I should be looking into for trading?

Because altcoin is more volatile than bitcoin, it's better to trade on altcoin with low supply and the price is still low (not comparable with total supply). So the opportunity to rise up to 5x is far greater. Why should choose coins with a low total supply? because if the price of this coin free falls, usually it will be faster for recovery and even tends to be stable.

[posi]

Is there a good altcoins I should be looking into for trading?

Because altcoin is more volatile than bitcoin, it's better to trade on altcoin with low supply and the price is still low (not comparable with total supply). So the opportunity to rise up to 5x is far greater. Why should choose coins with a low total supply? because if the price of this coin free falls, usually it will be faster for recovery and even tends to be stable.

You're right about altcoin to be more volatile than bitcoin but trading of altcoin with low supply is still risk if the altcoin dont have good utility and good community support. However, the whole crypto market are all in down trend season and I dont see any reason why people should be greedy of making profit chasing after low supply coins.

[Lpim01]

it doesn't matter if you have to trade bitcoin for altcoins, choosing altcoin can be used as one of the positive things because of good potential. so I think altcon can still be a good choice

Of course, no wonder bitcoin will remain at high even the market is dumping. Bitcoin is strong enough and have a huge support from the community and from investors. Some altcoins are losing its value but not for Bitcoin.

[deppil]

If you have been trading Bitcoins then you must have already learned the basics of trading. The patterns and what you make out of them must already be familiar with you. But when you enter the altcoin arena, you will be spending more time for monitoring. More than the candles, you must also be very keen on the fundamentals. That what makes altcoins pump. Constantly update yourself with them.

Yeah you have to be more familiar with the many strategies that exist to read candles on the chart. You have to memorize that
strategy. it will make you understand when to enter and buy an altcoin.

[MetalGear]

Hello everyone. So recently I've been trading bitcoin for alt coins as I find that alt coins are far more volatile due to lower volume compared to Bitcoin and thus more profitable when it comes to day trading. Any great alt coins I should be looking into for trading? I'd like to hear your opinion on this method of trading!

Just conduct your own study about choosing good altcoins. Even bitcoin has a big volume in market still there are some coins that are profitable like ethereum and ripple which also volatile. When to trade altcoin? conduct trading if you know all things about trading so you will not regret once you lose your money.

[Yatsan]

Is there a good altcoins I should be looking into for trading?

Because altcoin is more volatile than bitcoin, it's better to trade on altcoin with low supply and the price is still low (not comparable with total supply). So the opportunity to rise up to 5x is far greater. Why should choose coins with a low total supply? because if the price of this coin free falls, usually it will be faster for recovery and even tends to be stable.

You're right about altcoin to be more volatile than bitcoin but trading of altcoin with low supply is still risk if the altcoin dont have good utility and good community support. However, the whole crypto market are all in down trend season and I dont see any reason why people should be greedy of making profit chasing after low supply coins.

Speaking about the volatility rate between bitcoin and altcoins obviously the bitcoin is more volatile because it has the highest market cap ang lots of holders and users. I guess you only said this because bitcoin stayed for quite too long on a short price range specifically from $5000 to $7000 last few months but it does not necessarily means that it is less volatile than altcoins.

[readygoaw]

If you ask about trading and have enough time, then you need to do it of course every day, so you will gain experience and learn to analyze

Trading without enough knowledge about this business is a 100% loss and failure. You must weigh all pros and cons of this activity, find out if trading is for you, and then try doing it.

[D3m1r4wanti]

If you ask about trading and have enough time, then you need to do it of course every day, so you will gain experience and learn to analyze

trading will indeed be very good if done sustainably, you can get a very good experience and you can learn to analyze.

[lovesybitz]

Hello everyone. So recently I've been trading bitcoin for alt coins as I find that alt coins are far more volatile due to lower volume compared to Bitcoin and thus more profitable when it comes to day trading. Any great alt coins I should be looking into for trading? I'd like to hear your opinion on this method of trading!

When Bitcoin drop its value, it will automatically that most altcoins will also get dump their price value too. Only few of them will remain still to its value. So in making trade altcoins, there is really a big chance for us to earn big for us to gain bitcoin in the end when we sell our coins in the platform.  Therefore, the decision will always depend in your hands to decide for.

[sulendra12]

Yes, in my opinion it is very profitable to trade altcoins. I don't have one coin in mind. Very many coins can grow, the most important thing is to have time to buy a coin and sell it at the right time.

Thank you Mr. obvious and how do you know when is the best time to sell and the best time to buy if you don't have coin to hold like you said earlier

Trading without enough knowledge about this business is a 100% loss and failure. You must weigh all pros and cons of this activity, find out if trading is for you, and then try doing it.

Knowledge isn't the only factor to worry about. You may have probably seen that lucky guy would make lot of money than you, if you don't have luck then it's useless either.