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Author Topic: Why only a Bitcoin trading pair is the best thing?  (Read 454 times)
blockman
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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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