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Author Topic: Why only a Bitcoin trading pair is the best thing?  (Read 454 times)
Negotiation (OP)
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April 09, 2023, 02:25:35 AM
 #1

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?

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April 09, 2023, 02:50:28 AM
 #2

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less.
You can start with its blockchain algorithm, Proof of Work. It is safer than Proof of Stake, smart contracts which can be exploited and new tokens can be minted by an exploited smart contract.

With Proof of Work, you can not do that. With Bitcoin network that is a biggest one with highest total hash rate, risk to see 51% attack is low and nearly zero. It is why people have biggest belief in Bitcoin but not in other coins or tokens. With Bitcoin, investors will not have fear of sudden inflation in circulating supply like with smart contract.

Quote
I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.
Bitcoin is not a product. It is a mean for payment, transactions peer-to-peer. Other businesses or people can use bitcoin for their service payments or for individual trade deal.

To manage your bitcoins good in long term, you must know about self custody wallet and only store your bitcoins in such wallets.

Must backup your wallets for recovery when your initial wallet or device is broken technically.

If you make your long term plan by storing your bitcoins on exchanges, you might have nightmare anytime.
Reminder: do not keep your money in online accounts

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April 09, 2023, 04:34:13 AM
 #3

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.
You've got a point right that the return on investment in Bitcoin is relatively low. But the risk is much less compared to other coins if the profit is relatively low. It is better to aim to earn a low profit with a relatively low risk of your financial assets than to think of making a high profit by putting your financial assets at high risk. Because if your financial resources are safe then those financial resources will be useful at any time. But if I lose all my wealth in order to gain more profit, I will have nothing to support me in times of danger.

But through Bitcoin, it is possible to earn profit by investing in a short period of time without investing much time. If you are trading with a large amount of capital and fixed a certain target, then there is no need to invest more time. Because buying coins with more capital when the market goes down relatively little and selling when the market goes up a little will show you a good amount of profit.
Do you think there could be anything other than Bitcoin in terms of long-term planning?
Bitcoin is the first and best choice if you are planning a long-term investment considering security. Since you are investing your money for a long time, if you do not invest in a trusted platform, there is a risk of losing your money. As Bitcoin is always best for long term investment I will definitely choose Bitcoin for long term investment.
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April 09, 2023, 04:51:25 AM
 #4

These days I actually swing trade ETH more than BTC. And many days ETH has more volume than BTC even if the market cap for BTC is higher.

I think the reason why is because there seems to be more trades for ETH and it’s more volatile. You can scalp 25 ETH all day and for every $10 move you catch that’s over $250 profit and a $10 move on ETH is not uncommon.

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April 09, 2023, 06:23:08 AM
Last edit: April 09, 2023, 06:33:48 AM by Oshosondy
 #5

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.
Bitcoin trading is much more good, but if you trade good altcoins, it can be good too, but just that bitcoin is more reliable than altcoins, this is the reason I can say that bitcoin trading is also more reliable and can be the best that you can go for.

There are different types of trading.
Scalping, day trading and swing trading are the types. If you trade frequently, opening and closing positios many times in a day, you may not like bitcoin because of the less volatility, you will pay more on fee on each trading. If you do not want to pay more on fee in trading, you may want to increase the leverage, which is also already making the trading more volatile and riskier.

But for day trade with just one or two positions opened, I think trading with bitcoin is better.

If you are the type that have enough money to use just 1x leverage for bitcoin trading, I think only bitcoin trading is better too.

But if you want to use leverage more than 1x or 2x for bitcoin, some traders may just still use 1x for for some very good altcoins, but just with good altcoins and still less volatile altcoins.

Do you think there could be anything other than Bitcoin in terms of long-term planning?
In trading, it is said that traders should use not more than what they can afford to lose to trade. I do not see anything bad to use some good altcoins that you have been studying for a very long time to trade. But what is most important is that you have to be using a leverage that can make liquidation to almost be impossible.

I prefer bitcoin trading, but I also trade with some altcoins and make profit but I will reduce the leverage or not using leverage at all.

These days I actually swing trade ETH more than BTC. And many days ETH has more volume than BTC even if the market cap for BTC is higher.
No need of confusing, you mean ether has more volatility, altcoins are most of the time more volatile. Trading is very risky, some people even still see bitcoin to be volatile as they are using high amount of money to trade without using leverage.

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April 09, 2023, 06:41:43 AM
 #6

I think you're mostly referring to investing though, not necessarily trading. With trading, it will be totally subjective which trading pairs is "better" to trade as it will totally depend on your trading style/strategy.

But with investing — yea, probably one of the best for most people long-term.

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April 09, 2023, 07:18:04 AM
 #7

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?

Bitcoin is the best coin for long-term trades, but you can trade any altcoin that you follow and that you are confident in. Many working projects have updates and releases, that are very price responsive, if you learn how to use it, you can also profit from such transactions. You need to be able to use different tools to achieve benefits.

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April 09, 2023, 08:16:16 AM
 #8

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?

In my opinion, Bitcoin is a way to make various payments online, which can also be a source of income for every individual if anyone really understands it.

This is also one of the main good things when it comes to long-term investment and if you also want to have a daily income, you can also use day trading, but it depends on the knowledge that you have a trading pair called.

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April 09, 2023, 03:09:56 PM
 #9

I think you're mostly referring to investing though, not necessarily trading. With trading, it will be totally subjective which trading pairs is "better" to trade as it will totally depend on your trading style/strategy.

But with investing — yea, probably one of the best for most people long-term.

Yea, I agree with you but I am talking about people who think Bitcoin is not profitable even though it is a major coin. They consider some shitcoins to be profitable and I have seen many people lose all their money.

I want to know the experience of people who have worked only with Bitcoin for a long time.

NB: Mainly my purpose is I have a daughter, and I want to save some bitcoins for her in the future.

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April 09, 2023, 03:17:48 PM
 #10

Yea, I agree with you but I am talking about people who think Bitcoin is not profitable even though it is a major coin. They consider some shitcoins to be profitable and I have seen many people lose all their money.
They do know Bitcoin is profitable but it is not profitable enough and can not satisfy their need and greddiness. They see potential higher profits from altcoins and they choose altcoins. They can choose old altcoins that give them more safe investments than with new altcoins which are created recently with new trends.

Again their greediness is harmful for their capital safety. They ignore old verified altcoins and choose new altcoins.

Unhappy endings are what most of them get but they must have the experience to feel what advice given by senior cryptocurrency enthusiasts.
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April 09, 2023, 03:39:49 PM
 #11

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?

I agree with you, and I recommend that everyone should consider trading with Bitcoin rather than focusing on those cryptocurrencies which are affected by pump and dump traps. Sometimes these traps are set up by exchanges to liquidate the money of the greedy fellows. Bitcoin will keep you safe from those traps.

Trading in Bitcoin is very safe, and you will surely not lose your capital if you invest it in Bitcoin, but instead you will earn profits in long term. The profit ratio of Bitcoin is lower than that of those pumping altcoins, but after the pump they will be dumped badly. There is even potential of high profit in Bitcoin, but that is for only those who can Hodl it for long term.

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April 09, 2023, 04:07:44 PM
 #12

Yea, I agree with you but I am talking about people who think Bitcoin is not profitable even though it is a major coin. They consider some shitcoins to be profitable and I have seen many people lose all their money.
They are just a group of people who just want big profits instantly.
While Bitcoin is better than anything in the long run, shitcoins are just short-term coins.
Hype at the beginning and then abandoned. If you try to hold long-term, many shitcoins are already worthless.

-snip-
NB: Mainly my purpose is I have a daughter, and I want to save some bitcoins for her in the future.
If your main goal is to hold for the long term and pass it on to your daughter.
You need good storage and early education about bitcoin for your daughter.
Bitcoin will be a very valuable digital asset legacy in the future.

-snip-
Again their greediness is harmful for their capital safety. They ignore old verified altcoins and choose new altcoins.
-snip-
Greed will lead to losses, those who choose new altcoins without doing research are facing real risks.
Even though some of the top altcoins are still worth buying and investing in.
The mindset of wanting to get rich instantly will continue to grow in some people who are too greedy.
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April 09, 2023, 06:24:57 PM
 #13

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

If your goal is to increase bitcoins in your wallet, then it is really the right decision to trade in a pair to BTC. And you will get a wonderful result of your bull market trading. But you can also allocate part of the deposit for altcoin trading in order to subsequently convert the profit into BTC.

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April 09, 2023, 06:50:07 PM
 #14

Do you think there could be anything other than Bitcoin in terms of long-term planning?

Aside from Bitcoin, there are some alternate cryptocurrencies that has been proven good for long-term planning.  Although they are not as popular as Bitcoin, they had been around the market for many years and still actively developing and growing.  Aside from cryptocurrency, there are other investments that also give a good amount of profit in the long run such as real estate, stocks, bonds and more.  Let us not limit ourselves to one option.  Remember diversification is one of the best strategies for risk management.

If your goal is to increase bitcoins in your wallet, then it is really the right decision to trade in a pair to BTC. And you will get a wonderful result of your bull market trading. But you can also allocate part of the deposit for altcoin trading in order to subsequently convert the profit into BTC.

DCA is a better approach than active trading (buy and sell for profit and accumulation) if a person isn't that good at trading if the person's purpose is to accumulate Bitcoin.

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April 09, 2023, 10:43:20 PM
 #15

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?

You mean the returns of our investment is Bitcoin is less than altcoins? yeah, that's true, but the thing is that Bitcoin is less likely to fall from pump and dump and manipulation as compare to altcoins. So for long term, it is advisable to stick with bitcoin. Just remember that we talking long term investment, it could be subjective, but the best approach will be like a full cycle of holding, bear->bull. Meaning you buy when the price is down in bear market, accumulate and then hold till the bull market and at least time when we are about to peak, all time high and sell and make that profits.

If you are going for a prime mover altcoin, the best bet could be Ethereum, in my opinion. There could be others like BNB, ADA or those in the top 10. But there we still need to be very cautious and not put huge amount of them.

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April 09, 2023, 11:17:54 PM
 #16

This is what I try to do when I trade as well, I try to get more bitcoins. Most people these days feel like they are aiming at making more dollar profit, and I understand that because in the end it looks like we are talking about cashing out and living a rich life and that is the end goal here. However I feel like the best thing for me is to have as much bitcoin I possibly could have and that in return means that I get to have more money anyway, just need to wait. So even if the market is crashing, and the dollar value drops, if I made more bitcoin than I used to, with a single trade, I consider that trade as a win in my book because that is my goal and will always be the one.

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April 10, 2023, 01:43:37 AM
 #17

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin,
(....)
I believe it's because most cryptocurrencies just correlate with Bitcoin's price. With Bitcoin's dominance being extremely high, no doubt why the Bitcoin trading pair is always the best when you do trading. Because even if you trade on other pairs, if Bitcoin moves, there are a lot of percentages they will follow Bitcoin, pump, or dump.

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April 10, 2023, 03:39:59 AM
 #18

for investment indeed Bitcoin will be very good in the long term. I don't understand what you mean regarding long term trading. which means, do you allow your assets to be exchanged by setting selling prices far enough?
for trading, maybe not many people will do that. it's quite risky. although it could use a stop loss.
although I haven't traded much lately. in trading, you will pay more attention to trading volume, which sometimes altcoins like ETH even have a larger trading volume than Bitcoin.
still, every trader has their approach and strategy to manage their trading.

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April 10, 2023, 03:57:05 AM
 #19

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less.

Bitcoin pairs are more popular and among one of the first trading pairs to be listed on any exchange, if you concentrate on just Bitcoin trading pairs, you'll take away the wait on exchanges listing the altcoins pairs you intend trading. Bitcoin trading pairs also have very high volume trading number which gives you security of been able to sell your coins at any moment because of the liquidity that's available.

Trading altcoins pairs can be very dangerous because the altcoins can stop having value or reduced significantly in value at any moment as a response to hack on their platfom or their blockchain having some faulty issue like with Solana that gets blackout on a regular but with trading just Bitcoin pairs you know you're saved from all those dramas.

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April 10, 2023, 09:13:29 AM
 #20

Haha! Your point comes across loud and clear. But, I have to say that bitcoin trading isn't a perfect fit for all. However, it's worth a shot, right? You never know; you could unveil a hidden aptitude for trading Bitcoin and morph into the next crypto mogul! It is, therefore, crucial to zero in on a trading strategy that gels with your character and goals. There's no shame in looking elsewhere if some aspect of Bitcoin's characteristics or risk profile doesn't sit well with you. After all, the sea teems with possibilities – or rather, the market brims with coins! Ethereum, Dogecoin, Shiba Inu – the list goes on for long-term investment opportunities. As for me, I'm partial to coins with substantial volume (though bitcoin's volatility doesn't suit my trading style).
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April 10, 2023, 09:48:58 AM
 #21

I don't know I always thought USDT trading pair is the best thing actually, or if not, the USD "pair" that is available direct on exchanges.

I remember Binance and Bittrex charge something like less than 10 cents commission for that but if you trade BTC the satoshis add up to several dollars per trade.

The liquidity is even bigger also on stablecoin/fiat pairs (since it's literally limitless).

Crypto to crypto of course BTC wins every time. Except in DEX Smiley

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April 10, 2023, 10:27:50 AM
 #22

-snip-
and vice versa the chances of losing from other coins or tokens will be much less.
Bitcoin pairs can also make you poor in just a few minutes. Since the volatility of bitcoin pairs is usually too small even in futures trading, exchanges today offer even 100x leverage specifically for bitcoins.
So people can still pursue greater bitcoin risk in certain types of trades and in certain ways as well.

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April 10, 2023, 11:05:15 AM
 #23

In some ways, Ethereum and Bitcoin are comparable coins. Numerous altcoins are growing yet they were outperformed by the newer coins in each cycle. On the other hand, Ethereum has dominated all other altcoins for the past years. However, I still prefer Bitcoin pairs to Ethereum due to my familiarity with it from the early days I trade crypto currencies. The fact is, I have not tried trading with Ethereum paired with an altcoin ever since. For my primary pairs, I only use Bitcoin and USDT for trading.

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April 10, 2023, 12:11:39 PM
 #24

-snip-
and vice versa the chances of losing from other coins or tokens will be much less.
Bitcoin pairs can also make you poor in just a few minutes. Since the volatility of bitcoin pairs is usually too small even in futures trading, exchanges today offer even 100x leverage specifically for bitcoins.
So people can still pursue greater bitcoin risk in certain types of trades and in certain ways as well.
That is right --because it is high volatility many traders are willing to grab the opportunity. The high volatility of bitcoin, combined with the availability of leverage on some exchanges, can amplify these risks even further. It is good for traders to be aware of these risks and to use appropriate risk management strategies, such as setting stop-loss orders or using smaller position sizes. Because for me, there is no perfect pair for trading that will suit every trader's needs and preferences. The best trading pairs for you will depend on your individual trading strategy, analysis, and technique.









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April 10, 2023, 12:29:27 PM
 #25

Bitcoin is the best coin for long-term investment but if we talk about trading pairs, I'd say no. I've tried different coins, altcoins to be particular and honestly, you can really notice the difference when using Bitcoin as earning huge profits is likely possible to happen far from what we got from BTC. Maybe you would try it as well to see the difference and to let others know that Bitcoin can't be all good in all corners of the market, it is just more suitable for investment. I believe that those projects that come in hype certainly give us a profit and usually traders looking for that.



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April 10, 2023, 12:55:43 PM
 #26

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?

There is no other pair other than USDT may be considering its stability point of view. If you think that trading alts with other alts is beneficial then that thought is not wrong as well. The reason is simple: as long as you are able to trade against other pairs with good volume and your orders are getting fulfilled then you are already doing great.

The only concern is volume and not the price. For any trading pair with only slightest accuracy prices are one and the same. Otherwise we would have been doing scrapping and leaving the trading behind us.

Most of the time bitcoin is good due to it's volume, and little hiked price. But as such I don't think it matters a lot?
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April 10, 2023, 01:03:47 PM
 #27

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?

Is there actually anything like a long term trading?
Could you be referring to investment? If so, bitcoin the king is the best option for a long term investment.
Trading BTC pair doesn't make the desired movement than traders want but I like BTC trade pair during bear market.
If you gain, your profit would be accumulate in the bitcoin and this may turn to a great news during bull market trend.

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April 10, 2023, 02:34:52 PM
 #28

Do you think there could be anything other than Bitcoin in terms of long-term planning?
General investment advice is diversifying long-term assets into multiple "bluechip" coins/tokens, those with several different use bases with at least managed to maintain a top marketcap position for several consecutive years. Some consider it assets with nearly bitcoin worth of long-term investment.
However, people's opinions differ.

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April 10, 2023, 05:00:57 PM
 #29

Do you think there could be anything other than Bitcoin in terms of long-term planning?
In Crypto currency world I don't think that there is any others better options like  bitcoin . Because Bitcoin is perfect for both security plus profit. Bitcoin is one of the best digital assets. So there will be no question of how Bitcoin will be for the long-term, practically if we look at the previous history it will definitely be good. But since you have mentioned trading pairs here, I would say that selection of trading pairs really depends on personal strategy. It can be different for everyone on those uses


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April 10, 2023, 10:14:03 PM
 #30

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?
to so many, Bitcoin happens to be the only crypto currency available in the market so what do you expect of it??

Anything that is most talked of and engaged in tends to get the most reactions.

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April 11, 2023, 04:54:21 AM
 #31

Bitcoin is good for long term trading, which many traders has been into over some years and they are doing perfectly well than others cryptocurrencies traders. There is one thing that made many traders to quit some coins just to be focused on Bitcoin only, because they came to discovered that whenever the price of Bitcoin is pumping in the market other cryptocurrencies will be pumping along with Bitcoin. I think, Bitcoin team are more active than others cryptocurrencies team because the price don't take time like other cryptocurrencies before it will hit higher in a way traders will experience bullish market.

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April 11, 2023, 09:06:37 AM
 #32

Bitcoin is the best coin for long-term investment but if we talk about trading pairs, I'd say no. I've tried different coins, altcoins to be particular and honestly, you can really notice the difference when using Bitcoin as earning huge profits is likely possible to happen far from what we got from BTC. Maybe you would try it as well to see the difference and to let others know that Bitcoin can't be all good in all corners of the market, it is just more suitable for investment. I believe that those projects that come in hype certainly give us a profit and usually traders looking for that.
Bitcoin's the bee's knees when it comes to investing, the cream of the crypto crop, if you will. But when trading's the game, well, sometimes it's more like a wallflower than the belle of the ball. Sure, it's a safe harbor for long-term bets, but using it as a trading pair can feel like grooving to the dullest Muzak.

The altcoin scene's bursting at the seams, just itching for some dance floor action. Branch out, try new pairs, and you might find yourself boogying to some sweet, unexpected jams. Who knows? You could even stumble upon a new fave coin to trade.

Now, that's not to diss Bitcoin. It's the trusty, dependable sidekick that's always got your back, even if it's not the most electrifying. But sometimes, you just wanna let your hair down and gamble on a wildcard.

So, next time you're feeling trapped in a Bitcoin funk, remember there's a whole altcoin universe out there, ripe for exploration. No telling what kind of smooth moves you'll cook up!
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April 11, 2023, 01:05:44 PM
 #33

I believe that Bitcoin is best coin coin in crypto world. Personally, I invest in bitcoin when I am like to be a newbie trader. At present, I know the crypto currencies World. Beside btc, I like most to invest in bnb, waves, mana, shib inu etc. you can also invest top ten crypto currencies.

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April 11, 2023, 02:57:13 PM
 #34

Do you think there could be anything other than Bitcoin in terms of long-term planning?
General investment advice is diversifying long-term assets into multiple "bluechip" coins/tokens, those with several different use bases with at least managed to maintain a top marketcap position for several consecutive years. Some consider it assets with nearly bitcoin worth of long-term investment.
However, people's opinions differ.
Good advice when using a diversification strategy with some tokens or coins that have good potential for the long term.
Maybe you will talk about ETH, BNB, and some other top altcoins that have good potential for the long term and are able to maintain market capitalization positions.

About the risk of holding altcoins for the long term, it depends on the development of the chosen altcoin, even though choosing the top altcoin is still a high risk.
We should learn from the events of LUNA and FTX, it will be a pretty clear reminder of how terrible crypto is.
It has been at the top for quite a while, and in just a matter of hours it finally became a Scam.

-snip-
I think, Bitcoin team are more active than others cryptocurrencies team because the price don't take time like other cryptocurrencies before it will hit higher in a way traders will experience bullish market.
Team Bitcoin? Maybe you mean the strong community on Bitcoin.
Cryptocurrency also includes Bitcoin and altcoins in it, so all developments are related.

Bitcoin is stronger and more recommended for the long term.
Everything depends on Bitcoin and a bull market will come if Bitcoin starts to rise sideways at a bullish price.
Bitcoin season, Altcoin season is the most awaited.
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April 11, 2023, 03:53:03 PM
 #35

Do you think there could be anything other than Bitcoin in terms of long-term planning?
In Crypto currency world I don't think that there is any others better options like  bitcoin . Because Bitcoin is perfect for both security plus profit. Bitcoin is one of the best digital assets. So there will be no question of how Bitcoin will be for the long-term, practically if we look at the previous history it will definitely be good. But since you have mentioned trading pairs here, I would say that selection of trading pairs really depends on personal strategy. It can be different for everyone on those uses
That's the thing which makes the pair better, people love bitcoin and you may disagree on some other coins together, not everyone will agree that some altcoin could be good, but everyone agrees that bitcoin is great and that makes it so much fun.

I personally would love to get as much bitcoin as possible, but if I had another altcoin, I may sell some of it to get bitcoin instead. Think about it, if you give me a million dollars worth of even ETH (and certainly all other coins) I would still sell some of that and buy bitcoin, but if you gave me a million dollars worth of bitcoin, I may keep that. This makes the bitcoin trading pair as the best one against any coin out there in the world and that is why people prefer it.

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April 12, 2023, 08:22:21 PM
 #36

Bitcoin's the bee's knees when it comes to investing, the cream of the crypto crop, if you will. But when trading's the game, well, sometimes it's more like a wallflower than the belle of the ball. Sure, it's a safe harbor for long-term bets, but using it as a trading pair can feel like grooving to the dullest Muzak.

The altcoin scene's bursting at the seams, just itching for some dance floor action. Branch out, try new pairs, and you might find yourself boogying to some sweet, unexpected jams. Who knows? You could even stumble upon a new fave coin to trade.

Now, that's not to diss Bitcoin. It's the trusty, dependable sidekick that's always got your back, even if it's not the most electrifying. But sometimes, you just wanna let your hair down and gamble on a wildcard.

So, next time you're feeling trapped in a Bitcoin funk, remember there's a whole altcoin universe out there, ripe for exploration. No telling what kind of smooth moves you'll cook up!
I do not know why you feel the need to write like that, but you are right. Bitcoin may feel like it is not the best pair to trade if you want to take extra risks and make more money, not a lot of people would do something like that and it would not be a big problem for you neither.

I feel like the best thing to do would be making sure that you end up with a good profit and if you take that extra risk there is a chance you could end up losing. You may want to let your hair down for a second there, but that could cause you to lose more money than you anticipated and that is not something easy to handle later on. So focus on bitcoin pairs if you can, that is easier to handle, but if you really want to, go for the alts.

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April 14, 2023, 10:03:22 AM
 #37

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?
Is there actually anything like a long term trading?
Could you be referring to investment? If so, bitcoin the king is the best option for a long term investment.
Trading BTC pair doesn't make the desired movement than traders want but I like BTC trade pair during bear market.
If you gain, your profit would be accumulate in the bitcoin and this may turn to a great news during bull market trend.
Long-term trading might have an element of long-term investing and that is a trader will need to patiently wait for his coin to recover before he sells it. Long term can also mean like a plan or commitment. Like for example one must trade for 2 years and after that, he can now quit. Trading and investment still has their differences. Bitcoin is the best coin in investing but Bitcoin can also work great in trading due to its characteristics.

Alts are more stable but there are still people who use them in trading. We can use our trading profits to invest in Bitcoin but there is a better way of doing it and that is to trade the coin directly with Bitcoin. That should save us fees and time.

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April 14, 2023, 05:09:52 PM
 #38

Bitcoin is always better than other currencies for long term investment planning. Bitcoin is one of the most reliable digital currencies. One of the most important thing you notice is that investing in bitcoins has less chance of profit as compared to other coins but the risk of investing in this coin is also less. As a result, investing in Bitcoin with more money can be risk-free.

I say more money because Bitcoin profit margins are relatively low so investing more money for a longer period of time creates a chance of making a good profit. So Bitcoin is undoubtedly the best for long term investment.

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April 15, 2023, 11:59:39 AM
 #39

Bitcoin is always better than other currencies for long term investment planning. Bitcoin is one of the most reliable digital currencies. One of the most important thing you notice is that investing in bitcoins has less chance of profit as compared to other coins but the risk of investing in this coin is also less. As a result, investing in Bitcoin with more money can be risk-free.

I say more money because Bitcoin profit margins are relatively low so investing more money for a longer period of time creates a chance of making a good profit. So Bitcoin is undoubtedly the best for long term investment.
In contrast to other coins that carry out unthinkable pump and dump in the market, I am familiar with the Bitcoin chart pattern, which consistently forms a falling wedge during shorter timeframes. I consequently assumed that this was the key to spotting in order to profit from the project. Although Bitcoin experiences market fluctuations, the overall level of market volatility makes it extremely volatile. When the price was low during the bear market, some of us seized the opportunity to buy as much bitcoin as we could afford, while others chose not to do so out of fear, uncertainty, and doubt.

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April 15, 2023, 12:12:43 PM
 #40

Bitcoin is known for long-term investment. I'd heard a lot of successful stories from investors but never I heard they are sticking to Bitcoin as their trading pair. This it means that Bitcoin is not the coin we look for trading as altcoins are there to save that - success story when it comes to trading. I was certain, yes - altcoins are more profitable in trading and this is because of the level of volatility. In fact, people are seems happy to use highly volatile coins that slow moving coins because there is money on it.

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April 15, 2023, 02:08:56 PM
 #41

After all, the trading pair is really good especially if you have other altcoins that you like to trade as well because somehow it will really help you or us to get a good income.

But of course, it depends on the individual trader like me. For example, if I have holdings of any kind of Matic, what I will do is pair it with BTC so that at least if I sell my Matic, I will have btc in the same amount if it is believed that the value will increase in the future.

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April 15, 2023, 04:34:48 PM
 #42

After all, the trading pair is really good especially if you have other altcoins that you like to trade as well because somehow it will really help you or us to get a good income.

But of course, it depends on the individual trader like me. For example, if I have holdings of any kind of Matic, what I will do is pair it with BTC so that at least if I sell my Matic, I will have btc in the same amount if it is believed that the value will increase in the future.
One should strive to increase the amount of bitcoin, and pairs with btc are best suited for this. If you trade in pairs with usdt, this is also a good option if there is a profit, but if bitcoin rises in price, then in the end you can buy less of it. I don’t limit myself to just pairs with bitcoin, I trade as it suits me, the most important thing is to make a profit, this is my main goal, and then I already decide what to buy and how to proceed.

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April 15, 2023, 05:37:01 PM
 #43

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less.
I don't think that's the situation everytime. If you fail to do the correct analysis, you will lose big time. In every trading situation, you should have a fixed stop loss position. Doesn't matter if it's a BTC pair or any other crypto. You can control your loss at any situation, only if you have the right strategy. And always remember, trading comes with a high risk. There's a certainty with BTC pair and I agree with that. Other than that, you have to take in consider of every risk.

Quote
Do you think there could be anything other than Bitcoin in terms of long-term planning?
No, Bitcoin is the best bet if your plan is for a long term investment. Every other alt coins are centralized shit. So anything could happen to them at any
given time. I will never choose anything else if it's for a long term investment.
 
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April 15, 2023, 07:05:22 PM
 #44

The main point is that there is bitcoin trading pairs have more liquidity than other pairs. Bitcoin is now more common than any other cryptocurrency in the world. And it's a matter of habit - until 2016, bitcoin was the main trading pair. Yes, there were times... Wild West.
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April 15, 2023, 07:16:17 PM
 #45

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.
If this is for long-term trade, or meaning long-term investment, I do agree that Bitcoin is the best crypto for long-term investment. The proof has been clear, it's trusted. But if this is for daily trades, I think that many traders will also love trading altcoins that have high market caps, or moreover, the new hype with high risks, because they can also earn money from it. But as I said, this will be exactly risky. However, altcoins with small prices will help us to gain more profits than trading Bitcoin moreover if our amount of capital is still small. However, once more, this will again depend on how our trading strategy and habits.

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April 15, 2023, 07:38:09 PM
 #46

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.
If this is for long-term trade, or meaning long-term investment, I do agree that Bitcoin is the best crypto for long-term investment. The proof has been clear, it's trusted. But if this is for daily trades, I think that many traders will also love trading altcoins that have high market caps, or moreover, the new hype with high risks, because they can also earn money from it. But as I said, this will be exactly risky. However, altcoins with small prices will help us to gain more profits than trading Bitcoin moreover if our amount of capital is still small. However, once more, this will again depend on how our trading strategy and habits.

it is the volume that's in BTC/USDT that traders will like and prefer to trade in this pair. for spot traders, the whales with thousands of BTC can easily liquidate the amount especially if he is on the major cex same for buying back.

there are altcoin traders but are often not good for futures or spot because all these altcoins still just follow the price movement of BTC. nothing better than just staying in BTC.









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April 16, 2023, 01:59:49 AM
 #47

Bitcoin already built a good reputation and at the same tine teach us the possible for the previous years, that's why they keep doing as bitcoin for a good long term and this is the mother of all coin once bitcoin moves surely the other coins will follow at the same time easily, for the assurance it's all about the bitcoin but for the risk could possibly move is good for the altcoins for having a good profit, we know that there's already a large amount of volume with the bitcoin than the other altcoins that's why they choose this to get more profit. Still again dont put all your investment in a single pocket only.

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April 16, 2023, 03:54:23 AM
 #48

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.
If this is for long-term trade, or meaning long-term investment, I do agree that Bitcoin is the best crypto for long-term investment. The proof has been clear, it's trusted. But if this is for daily trades, I think that many traders will also love trading altcoins that have high market caps, or moreover, the new hype with high risks, because they can also earn money from it. But as I said, this will be exactly risky. However, altcoins with small prices will help us to gain more profits than trading Bitcoin moreover if our amount of capital is still small. However, once more, this will again depend on how our trading strategy and habits.

The higher the volume of the altcoin chosen for trading, the better because fluctuations will move quickly. That's the advantage of trading on altcoins compared to bitcoin which is more suitable for the long term.
Some newly listed altcoins usually have high volume and it becomes the right target for fast trading. I usually do it on Binance and benefit from the fast altcoin movement, but the risk is indeed large and in accordance with the benefits. Before that, you have to have the right strategy according to the type of trading to be done, I usually do scalping for fast trading with a fairly large capital and it is done continuously.
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April 16, 2023, 02:06:32 PM
 #49

Even if the gain were small, if one could repeat it over and over again, the gain would be huge. And we know that the bitcoin movement has been good for now so you can either buy low and sell high or just buy and hold to sell at the next high. And it will be a long term investment.

But if you use futures trading, you can make bigger profits but it depends on your analytical skills in analyzing the market. While altcoin trading will be increasingly difficult to do because of the many lists of altcoins on the market, you have to be able to find altcoins that can go up and down. So from there, bitcoin trading remains the best.

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April 16, 2023, 02:47:36 PM
 #50

While altcoin trading will be increasingly difficult to do because of the many lists of altcoins on the market, you have to be able to find altcoins that can go up and down. So from there, bitcoin trading remains the best.
What do you mean about "altcoin that can go up and down"? All altcoins can go up and down and even Bitcoin.
There are numerous reasons why Bitcoin is the ideal trading pair, but the primary reason is volatility. Bitcoin volatility is lower than that of altcoins. Altcoins have varying degrees of volatility. Some are quite volatile, while others are not.
Bitcoin is difficult to manipulate since it has the lowest volatility of any cryptocurrency and that is what trader's like. As a result, Bitcoin is the best trading pair.

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April 16, 2023, 04:55:51 PM
 #51

Bitcoin is always better than other currencies for long term investment planning. Bitcoin is one of the most reliable digital currencies. One of the most important thing you notice is that investing in bitcoins has less chance of profit as compared to other coins but the risk of investing in this coin is also less. As a result, investing in Bitcoin with more money can be risk-free.

I say more money because Bitcoin profit margins are relatively low so investing more money for a longer period of time creates a chance of making a good profit. So Bitcoin is undoubtedly the best for long term investment.
I think we shouldn't really say "risk free" for it, but it is certainly as good as it gets, it is certainly something we shouldn't really worry about all that much. I know that we should be focusing on a bigger deal but looking at altcoins means that there is also a huge risk that you could lose all your money, I wouldn't want to risk that neither.

On the other hand, like you said Bitcoin is better in the risk regard, I do not agree that it has zero risk, I mean there are people who can't wait and something happens etc etc, but in the end it is a lot less riskier than anything else I have seen in my life and I am sure that it will continue to be so for a long time as well until something better is innovated or created one day, which won't be an easy job.

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April 17, 2023, 09:54:07 AM
 #52

While altcoin trading will be increasingly difficult to do because of the many lists of altcoins on the market, you have to be able to find altcoins that can go up and down. So from there, bitcoin trading remains the best.
What do you mean about "altcoin that can go up and down"? All altcoins can go up and down and even Bitcoin.
There are numerous reasons why Bitcoin is the ideal trading pair, but the primary reason is volatility. Bitcoin volatility is lower than that of altcoins. Altcoins have varying degrees of volatility. Some are quite volatile, while others are not.
Bitcoin is difficult to manipulate since it has the lowest volatility of any cryptocurrency and that is what trader's like. As a result, Bitcoin is the best trading pair.
I mean altcoins that can have great price movements. When bitcoin prices decrease, some altcoins are not subject to correction and can survive. And when the bitcoin price goes up, the altcoin will go up too.

But indeed bitcoin is an ideal trading partner. People can buy bitcoin at a low price and hold it until the price increases. And when the price can increase, people have the option to sell at that price or still hold on to sell at the next high price.

Even though bitcoin has low volatility, people can panic when they see the price of bitcoin falling to a low.

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April 17, 2023, 10:23:45 AM
 #53

Even if the gain were small, if one could repeat it over and over again, the gain would be huge. And we know that the bitcoin movement has been good for now so you can either buy low and sell high or just buy and hold to sell at the next high. And it will be a long term investment.

But if you use futures trading, you can make bigger profits but it depends on your analytical skills in analyzing the market. While altcoin trading will be increasingly difficult to do because of the many lists of altcoins on the market, you have to be able to find altcoins that can go up and down. So from there, bitcoin trading remains the best.
It's true, don't even underestimate small profits, but we also have to know how to make consistent profits, even if it's only small,
lately the movement of Bitcoin is indeed good and we need to take advantage of this,
for the long term clearly Bitcoin remains the best choice.
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April 17, 2023, 10:20:49 PM
 #54

I mean altcoins that can have great price movements. When bitcoin prices decrease, some altcoins are not subject to correction and can survive. And when the bitcoin price goes up, the altcoin will go up too.
These altcoins have already amassed a sizable market capitalization. And we can see it in the Top 10 cryptocurrencies by marketcap. They are mainly unaffected by Bitcoin manipulations, but if the price of Bitcoin continues to downfall, all alts will undoubtedly suffer. Because purchasers cannot bear the burden of panic sellers, we must wait for consolidation, which most of them are aware of.

Quote
Even though bitcoin has low volatility, people can panic when they see the price of bitcoin falling to a low.
I concur. If individual's panic as a result of the price drop, the price will almost certainly be reduced even further.

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April 18, 2023, 04:36:52 AM
 #55

Bitcoin is known for long-term investment. I'd heard a lot of successful stories from investors but never I heard they are sticking to Bitcoin as their trading pair. This it means that Bitcoin is not the coin we look for trading as altcoins are there to save that - success story when it comes to trading. I was certain, yes - altcoins are more profitable in trading and this is because of the level of volatility. In fact, people are seems happy to use highly volatile coins that slow moving coins because there is money on it.
Who says there isn't money in trading Bitcoin for the short term or doing scalp trading on Bitcoin? It just depends on your capital, if you have about $30k or more as capital and you can buy and sell 1 whole Bitcoin at once, you can surely get a lot of profit from it. Let's suppose, Bitcoin is at $30.2k right now, and you buy 1 Bitcoin at that price, in about 2 hours or so, it goes from $30.2k to $30.3k, and you sell it. You get $100 in there without much risk.

I understand that one can get more returns on Altcoins since they are more volatile but that is only because they have small prices and they also contain great risk. What if you buy a token to sell it quickly to get a profit but instead of going up it goes down and never goes back up?

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April 18, 2023, 05:18:41 PM
 #56

Even if the gain were small, if one could repeat it over and over again, the gain would be huge. And we know that the bitcoin movement has been good for now so you can either buy low and sell high or just buy and hold to sell at the next high. And it will be a long term investment.

But if you use futures trading, you can make bigger profits but it depends on your analytical skills in analyzing the market. While altcoin trading will be increasingly difficult to do because of the many lists of altcoins on the market, you have to be able to find altcoins that can go up and down. So from there, bitcoin trading remains the best.
It's true, don't even underestimate small profits, but we also have to know how to make consistent profits, even if it's only small,
lately the movement of Bitcoin is indeed good and we need to take advantage of this,
for the long term clearly Bitcoin remains the best choice.
This is exactly why there was a bot back in the day that sold as soon as it profited. The only thing the bot did was calculated the trading fee and any other fee that may occur, and even if it made 1 satoshi profit (which it usually did a bit more, at least 10-15 satoshi) then it sold.

The aim wasn't to make a profit like that, the aim was to put as many coins as in there for trading, and then keep doing this maybe like a thousand times a day. This is the "constant but small profit" method it was using. The logic is simple, if you do not make a profit right now, that is alright, but gradually and slowly keep on making profit and do that consistently. This allows people to make as much profit as they can and allows them to make a lot of money.
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April 18, 2023, 06:45:50 PM
 #57

NB: Mainly my purpose is I have a daughter, and I want to save some bitcoins for her in the future.
I have read your main post too, and I think you are a little bit confused between (Bitcoin and Alts) selecting an asset to store value for money. If yes, Then you will find only one answer from every person who has been involved or not in both. Which is "Bitcoin", because so far, over the last 14 years, BTC has proved itself as the best asset to store your money for value. I do have not as big experience as other legendary members of this platform have, but i have a few pieces of advice for you. Like if you want to store your money in BTC then this is the right time + you should perform DCA + you have to keep some pegged dollars or fiat in reserve, to buy in dip. And on top of all, you have to understand the difference between trading and holding. because you are referring to trading while talking about a long-term investment!

That seems awkward too (hehe), if you will not distinguish between them then it will be hard for you to follow the rules thus you can easily be diverted from your main aim. If you want to hold BTC or any other assets for your Daughter so that it can help her in the future. You should go for BTC instead of alts (because alts have less age than BTC and they are seasonal only). I have some topics in my mind that can encourage you and will give you a broad idea of your thoughts about holding BTC for the next generations.


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April 18, 2023, 07:16:10 PM
 #58

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less.


The bitcoin trading is a process,we need to ready to face both the end.When the bear market is happen,all you holding will reduce some value.So you should not get panic by reduction,better you learn to hold for the longer period.The best option in bitcoin is the coin remains same only the coin value was change due to market.Same market make you to earn more from same amount of bitcoin.


I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?


Bitcoin can be used as long term and short term profit.The thing is for high profit,you need to hold the bitcoin longer.If you are satisfied with the margin profit of 5-15% you can do trade with short term day trading.Many people doing day trading using bitcoin for the short margin profits.They had quit their job and doing day trade as a full time work.My day traders friends also earn good money from the bitcoin itself.
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April 18, 2023, 07:51:29 PM
 #59

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?
When it comes to this market there is nothing better than bitcoin for investors, but since you are talking about trading then this is not as straightforward, traders do not care about the long term performance of the coins they are trading, as at most they will spend a few hours or days holding their position, so for them the protections that bitcoin offers are not as attractive as they are for investors, which explains why traders love altcoins and their extreme volatility as with the right trade and with a little bit of luck they can make a small fortune in a relative short amount of time.
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April 18, 2023, 08:14:35 PM
 #60

While Bitcoin may be a popular choice for long-term planning and investment due to its widespread adoption and proven track record, there are other cryptocurrencies that may also be worth considering for long-term investment. Some investors may prefer to diversify their portfolio by investing in a range of cryptocurrencies with different use cases and potential for growth. Ultimately, the decision of which cryptocurrency to invest in for the long-term will depend on an individual's risk tolerance, investment goals, and overall market analysis.
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April 18, 2023, 09:55:08 PM
 #61

While Bitcoin may be a popular choice for long-term planning and investment due to its widespread adoption and proven track record, there are other cryptocurrencies that may also be worth considering for long-term investment. Some investors may prefer to diversify their portfolio by investing in a range of cryptocurrencies with different use cases and potential for growth. Ultimately, the decision of which cryptocurrency to invest in for the long-term will depend on an individual's risk tolerance, investment goals, and overall market analysis.
Investing and trading are still different though, if the thing is about putting all pairs into Bitcoin then you can get some idea that there are some disparities regards to the valuation of some altcoins or tokens if they're based in USD or in Bitcoin. There's a difference between those and one can take advantage of it as a trader but then, it may come quickly and changes could be done so fast. While many aren't stressed with these pairs and just choose to be an investor than a trader. I'll have to agree with those people since I am one of them and chose to just be a passive guy towards Bitcoin.

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April 21, 2023, 08:28:01 PM
 #62

While Bitcoin may be a popular choice for long-term planning and investment due to its widespread adoption and proven track record, there are other cryptocurrencies that may also be worth considering for long-term investment. Some investors may prefer to diversify their portfolio by investing in a range of cryptocurrencies with different use cases and potential for growth. Ultimately, the decision of which cryptocurrency to invest in for the long-term will depend on an individual's risk tolerance, investment goals, and overall market analysis.
The risks of holding altcoins for the long term are simply too high, because as we know despite the promises given by the developers altcoins can disappear in a matter of days, and if during that period do time you were not putting attention to the market you could lose a great deal of your money and not even realize this was the case, and while bitcoin can also crash from time to time the chances that it will disappear so suddenly are basically zero.
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April 22, 2023, 11:00:47 PM
 #63

It's good all the liquidity, and btc pair in trading has always been known to be the primary selection when it comes to trading because it's has always been popular since back in the days, but I think nowadays the pair that's just the same in term of popularity and the liquidity are usually those stablecoins, I think this not gonna change even in the upcoming century.

I guess the fact that there are swap platform which provides some kind of way converting certain coin to other coin directly kind of make the gap between bitcoin trading pair and the other even higher.

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April 23, 2023, 02:35:07 PM
 #64

While Bitcoin may be a popular choice for long-term planning and investment due to its widespread adoption and proven track record, there are other cryptocurrencies that may also be worth considering for long-term investment. Some investors may prefer to diversify their portfolio by investing in a range of cryptocurrencies with different use cases and potential for growth. Ultimately, the decision of which cryptocurrency to invest in for the long-term will depend on an individual's risk tolerance, investment goals, and overall market analysis.

Indeed, bitcoin's long standing proven record of how good is it to be a long term investment is no doubt a good reason to choose the btc trading pair for long term. But we should not leave the fact that other cryptocurrency or altcoins have great potential as well and could be a great way to maximize the full potential of cryptocurrency trading and investments. Diversifying pur portfolio is a good thing so that we could gain more short term profit, but long term will still go to bitcoin. I agree that diversifying your portfolio increases the risk in trading cryptocurrency so we should always be cautious and just invest what we can afford to lose while fully analyzing and understanding the movement of the market.
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April 23, 2023, 08:30:17 PM
 #65

While Bitcoin may be a popular choice for long-term planning and investment due to its widespread adoption and proven track record, there are other cryptocurrencies that may also be worth considering for long-term investment. Some investors may prefer to diversify their portfolio by investing in a range of cryptocurrencies with different use cases and potential for growth. Ultimately, the decision of which cryptocurrency to invest in for the long-term will depend on an individual's risk tolerance, investment goals, and overall market analysis.

Indeed, bitcoin's long standing proven record of how good is it to be a long term investment is no doubt a good reason to choose the btc trading pair for long term. But we should not leave the fact that other cryptocurrency or altcoins have great potential as well and could be a great way to maximize the full potential of cryptocurrency trading and investments. Diversifying pur portfolio is a good thing so that we could gain more short term profit, but long term will still go to bitcoin. I agree that diversifying your portfolio increases the risk in trading cryptocurrency so we should always be cautious and just invest what we can afford to lose while fully analyzing and understanding the movement of the market.
Hear me out, I'm no safety junkie. I fancy life on the brink, daring ventures, and taunting fate. That's why I won't hesitate to claim Bitcoin is overhyped. There, I blurted it.

Yeah, it boasts a stellar track record and all that razzmatazz, but who craves a monotonous gig? Why not spice it up, take altcoins for a spin? Who knows, you might discover your crypto soul-twin.

Don't overlook diversification's prowess. It's akin to a wardrobe remix - sure, you can rock the same garb daily, but where's the pizzazz? Why not toss in an audacious pattern or a color splash occasionally?
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April 23, 2023, 09:16:00 PM
 #66

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?

It is the best to some people and mostlly to traders that has large amount of money to trade, the trader that have little amount of money to trade do with altcoins, they are scary to put money on but they are the best to people who cannot move the market like Bitcoin does and it help them gain good amount of money even with little starting capital they have to start something. An alternative best to bitcoin also in midway holding of altcoins when the market is down, buy some and when hypes comes in, sell them and remove your starting capital and then follow the process again.

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April 24, 2023, 05:51:49 PM
 #67

While Bitcoin may be a popular choice for long-term planning, it's important to consider diversification and not put all your eggs in one basket. Other cryptocurrencies, such as Ethereum or Binance Coin, have shown strong growth potential and could also be considered for long-term planning.
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April 25, 2023, 01:03:31 PM
 #68

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?
It is the best to some people and mostlly to traders that has large amount of money to trade, the trader that have little amount of money to trade do with altcoins, they are scary to put money on but they are the best to people who cannot move the market like Bitcoin does and it help them gain good amount of money even with little starting capital they have to start something. An alternative best to bitcoin also in midway holding of altcoins when the market is down, buy some and when hypes comes in, sell them and remove your starting capital and then follow the process again.
I think it depends on the profit a bit as well. In a moment when you are down 11%, you would not be risking too much and you would be happy to trade in bitcoins, in a bull period like when it went to 68k, you would probably have like x10 return and then spending some on altcoins shouldn't really be a big deal to you.

Those are all important differences and you should be reacting accordingly. Some of them makes alts make more sense to risk and that would be better and some of them do not make any sense at all for those people and it makes no sense. I hope that it would get a lot better in the end and we would have a much better result, but it doesn't really mean that we should risk it like that, we could totally keep it at bitcoin as long as we want it to be.
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April 25, 2023, 08:01:59 PM
 #69

I think it depends on the profit a bit as well. In a moment when you are down 11%, you would not be risking too much and you would be happy to trade in bitcoins, in a bull period like when it went to 68k, you would probably have like x10 return and then spending some on altcoins shouldn't really be a big deal to you.

Those are all important differences and you should be reacting accordingly. Some of them makes alts make more sense to risk and that would be better and some of them do not make any sense at all for those people and it makes no sense. I hope that it would get a lot better in the end and we would have a much better result, but it doesn't really mean that we should risk it like that, we could totally keep it at bitcoin as long as we want it to be.
And that thinking process is what makes the altcoin season to come after bitcoin has gone through its halving and a massive bull run is already underway, after all before the bull run has started people have the tendency to be more conservative, but once they see that the value of their bitcoin holdings has increased they feel they can take greater risks, because even if they happen to lose they will still be earning huge profits already, and as more people think this way a critical mass is reached and the altcoin season can begin.
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April 25, 2023, 10:15:43 PM
 #70

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?
In trading you can use the token you feel like using and especially the one you know that will not be bother to you, but when you come in terms of long term investment, i will encourage you to make use of Bitcoin for investment and skip some coins that doesn't have good potential, because those coin's that doesn't have potential do die off on the way of long term investment and especially during when cryptocurrency is having long term bearish, while people advice people to use Bitcoin for long iterm investment, it's because of it's potentiality.

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April 25, 2023, 10:38:54 PM
 #71

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?
In trading you can use the token you feel like using and especially the one you know that will not be bother to you, but when you come in terms of long term investment, i will encourage you to make use of Bitcoin for investment and skip some coins that doesn't have good potential, because those coin's that doesn't have potential do die off on the way of long term investment and especially during when cryptocurrency is having long term bearish, while people advice people to use Bitcoin for long iterm investment, it's because of it's potentiality.
That's why Bitcoin is also the king of crypto because it has no doubt about its potential,
maybe only a few coins are really worth a long term investment,
besides Bitcoin I think Ethereum is another option for that.

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April 26, 2023, 03:46:24 AM
 #72

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?
Yes I agree that bitcoin trading can get profit and you can lose less than other coins. Because only bitcoin can give a good profit once you buy it in low price. And bitcoin is less risky than other coins. You can trade bitcoin in a short term or in long term. That is a good for bitcoin because you can trade it or you can hold it and wait for the right time to sell.
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April 30, 2023, 09:45:31 PM
 #73

Even if the gain were small, if one could repeat it over and over again, the gain would be huge. And we know that the bitcoin movement has been good for now so you can either buy low and sell high or just buy and hold to sell at the next high. And it will be a long term investment.

But if you use futures trading, you can make bigger profits but it depends on your analytical skills in analyzing the market. While altcoin trading will be increasingly difficult to do because of the many lists of altcoins on the market, you have to be able to find altcoins that can go up and down. So from there, bitcoin trading remains the best.
It's true, don't even underestimate small profits, but we also have to know how to make consistent profits, even if it's only small,
lately the movement of Bitcoin is indeed good and we need to take advantage of this,
for the long term clearly Bitcoin remains the best choice.
I have always said that the best thing is when you operate to take into account that a profit is a profit, it is better to win even $1 than to lose $1, this is what I have as a concept, now if people consider that They always prefer to lose a little, for me the negative balance is that, but earning a little is adding up, a trader must always take that into account, if we start looking for a lot of profit we will not have them, quite the opposite, trading is to be very careful , and to be able to do it intelligently, otherwise you lose money.

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April 30, 2023, 09:53:19 PM
 #74

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

Do you think there could be anything other than Bitcoin in terms of long-term planning?
Yes I agree that bitcoin trading can get profit and you can lose less than other coins. Because only bitcoin can give a good profit once you buy it in low price. And bitcoin is less risky than other coins. You can trade bitcoin in a short term or in long term. That is a good for bitcoin because you can trade it or you can hold it and wait for the right time to sell.
I doubt on this as many altcoins already prove to be profitable as well and this market is not just about Bitcoin, let’s give credit as well to Altcoins as they are also part of the success of cryptomarket. I do trade with BTC paired altcoins as well and I can say that I have no regret at all because I make profit too. All you have to do is to analyze and maximize the true potential of cryptocurrecy in all, not just with Bitcoin.

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O F F I C I A L   P A R T N E R S
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ASTON VILLA FC
BURNLEY FC
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