The reason of why Bitcoin is good for trading (for me)

[Litzki1990]

Bitcoin is good for trading, because Bitcoin gives us high returns in short time. But for this you need to be successful in trading. That is, you have to trade correctly. If you fail in trading then all your money is zero.  So you learn more and more about trading. But you will be successful in trading and earn a lot of money.

A trader should not only have an idea about Bitcoin trading but also have a complete understanding of trading. If he has a complete understanding of trading, he can trade well in any coin. Trading in Bitcoin will not give you short term returns as the price of Bitcoin does not fluctuate as much as other ALT coins. Bitcoin I do not choose for futures trading as well as Bitcoin is my first choice for long term investment plans. Trading in Bitcoin may make your profit a bit less compared to other coins but trading in Bitcoin is safe. I use bitcoin for futures trading as bitcoin trading is safe. Since there is not much volatility in the market, I do not find Bitcoin trading too risky.

[DVlog]

Bitcoin is good for trading, because Bitcoin gives us high returns in short time. But for this you need to be successful in trading. That is, you have to trade correctly. If you fail in trading then all your money is zero.  So you learn more and more about trading. But you will be successful in trading and earn a lot of money.

A trader should not only have an idea about Bitcoin trading but also have a complete understanding of trading. If he has a complete understanding of trading, he can trade well in any coin. Trading in Bitcoin will not give you short term returns as the price of Bitcoin does not fluctuate as much as other ALT coins. Bitcoin I do not choose for futures trading as well as Bitcoin is my first choice for long term investment plans. Trading in Bitcoin may make your profit a bit less compared to other coins but trading in Bitcoin is safe. I use bitcoin for futures trading as bitcoin trading is safe. Since there is not much volatility in the market, I do not find Bitcoin trading too risky.

Having technical and fundamental knowledge is important if someone wants to make a career in trading. Understanding your risk tolerance ratio and your money management strategy is equally important. If you have strong fundamentals in all of these then you can trade any asset in any market. Market behavior is different for every asset but their price action and chat analysis are similar in some aspects.

[Xcode7]

Bitcoin is good for trading, because Bitcoin gives us high returns in short time. But for this you need to be successful in trading. That is, you have to trade correctly. If you fail in trading then all your money is zero.  So you learn more and more about trading. But you will be successful in trading and earn a lot of money.

A trader should not only have an idea about Bitcoin trading but also have a complete understanding of trading. If he has a complete understanding of trading, he can trade well in any coin. Trading in Bitcoin will not give you short term returns as the price of Bitcoin does not fluctuate as much as other ALT coins. Bitcoin I do not choose for futures trading as well as Bitcoin is my first choice for long term investment plans. Trading in Bitcoin may make your profit a bit less compared to other coins but trading in Bitcoin is safe. I use bitcoin for futures trading as bitcoin trading is safe. Since there is not much volatility in the market, I do not find Bitcoin trading too risky.

In fact, I think Bitcoin trading allows for short-term profits because its movements are fast enough to allow anything to happen in a short time, in contrast to Altcoins.
However, in whatever trading we do, we must have knowledge about it first, because it is impossible to make a profit in Bitcoin trading if we don't have knowledge about trading.
And regarding the level of risk and security, no one doubts that Bitcoin is currently the safest choice because the possibility of recovering and increasing the price of Bitcoin is very large and it cannot be compared with Altcoin trading, every risk will be proportional to the possible profit that will be obtained .

[JahriMeayer]

I guess what OP does is Spot Trading. That type of trading is very friendly to those who are begging traders because what he has said, he won't lose any money unless he sells his position in negative..

Definitely he does spot trading otherwise his balance were empty as he don't have sufficient ideas to manage the trading properly. And it maybe only okey for op cause i guess he has extra money for trading as he mentioned he could wait till the next super cycle bull of btc and which is unpredictable

Also, there is nothing wrong with being a holder. That is the consequence of having the wrong analysis and that is a normal part of the game. What works for him does works for him and made his money and that's what matter.

during trading, a person always need to apply knowledge to prediction the next moment. It may goes wrong for them who have knowledge but there'll be a more chance to trading goes wrong for most of the time who don't know anything like op. It is also responsibility for a trader to know how to manage his balance and protect it, have sufficient ideas to survive

[taufik123]

In fact, I think Bitcoin trading allows for short-term profits because its movements are fast enough to allow anything to happen in a short time, in contrast to Altcoins.
-snip-

Are you not wrong with the statement, that Bitcoin allows to get more Profit in short term?
In fact, the movement of Bitcoin is not as extreme as Altcoin and this depends on how the volume of bitcoin and the trend occurs.

For the last few weeks, Bitcoin has been sideways and there is no significant movement.
What fluctuates faster is altcoins that are hype and still new, it provides faster profits and also faster losses.

Bitcoin is more likely to sideway when there is no drive and FOMO.
And see yesterday when there was news about ETFs that turned out to be fake, it made the price of bitcoin jump and also dump instantly.

Bitcoin in my opinion is better for the long term, because I am targeting the upcoming ATH.
For scalping or short-term it is better to choose altcoins with large volumes that will have faster movements.

[kotajikikox]

First of all I'm not a real trader, but I like to trade to earn small amount profit.

I only use BTC/USDT pair because USDT make me easier to determine how much my coins worth after trade and most liquid stable coin, the reason why I choose BTC is I don't need to worry about it when my trading goes wrong. So if I bought Bitcoin at the peak and the price keep decreasing, I will not sell it, but I will wait for the next super cycle where Bitcoin usually break new ATH.

you can have this if you can afford to keep holding if the trading goes sideways and yes it is the practical and safer way but those who uses altcoins are mostly those trying to hunt from day to day basis of earning so they cannot use Bitcoin
because of its slot moving attitude.

Keep in mind I never learn about chart, candlestick, trend etc, all of my decision come from my mood and instinct. No stop limit, no follow any signal, no watching my PC for 24/7 etc, just directly buy and sell.

Is there anyone like me here?

actually I can feel you, though I use Chart sometimes  but i don't have a deep knowledge about those sticks and etc.
so yes like yours mostly II am buying bitcoin so if ever the price goes differently then what I'm going to do is Hold and wait for at least moving up again.

[Traderbtcc]

First of all I'm not a real trader, but I like to trade to earn small amount profit.

I only use BTC/USDT pair because USDT make me easier to determine how much my coins worth after trade and most liquid stable coin, the reason why I choose BTC is I don't need to worry about it when my trading goes wrong. So if I bought Bitcoin at the peak and the price keep decreasing, I will not sell it, but I will wait for the next super cycle where Bitcoin usually break new ATH.

Keep in mind I never learn about chart, candlestick, trend etc, all of my decision come from my mood and instinct. No stop limit, no follow any signal, no watching my PC for 24/7 etc, just directly buy and sell.

Is there anyone like me here?

Buying high and selling low isn't necessarily a bad thing. It's more like an investment strategy where you buy and hold until the price goes up. Since you're trading only BTC/USDT, it's less risky. It's best to stick to that pair because adding altcoins can expose you to more losses. I think you should explore trading a bit more and learn the basics. You'll do great! 📈💪

[topbitcoin]

This depends on how you are an expert in analyzing bitcoin itself, it needs to be understood if a trader who has professionalism in analyzing one asset then he is focused on one asset to trade, so in my opinion whether or not an asset is good for trading is dependent on you knowing the characteristics of bitcoin itself.

Suppose if you are more familiar with the trading that you do more on ETH and you are able to analyze it well so that you can get a better profit when you switch to trading bitcoin it will definitely be different, although market movements follow bitcoin but there are differences between the characteristics of price movements in bitcoin and ETH which for me personally in trading more often get profit in bitcoin.

So the conclusion in my opinion, depends on you knowing more about the character of the asset movement.

If you see you invite me to talk about fundamental views, bitcoin and ETH are worth trading.

[Uruhara]

If we talk about the risk of loss, trading in Bitcoin will indeed have a lower risk. But the profits obtained from trading bitcoin may be small. And larger capital is needed if you want to get maximum profits.

But yeah, just like OP said. Even if we initially intended to trade. But after making a purchase, the price turns down, which makes our portfolio minus. Then yes we can calmly switch from trading to investing. Well we just need to hold it until the price goes up again. At least Bitcoin always returns to their previous ATH peaks. And even exceeded it after the halving. But if you want to become a daily trader, it seems like Btc/usdt is not suitable at all. Unless the market is volatile where many events are happening.

[Mehedi72]

for me margin trading or leverage trading are for making quick profit and high risk, I feel more comfortable in spot trading.

for beginner, it's good to go with spot trading which is safer option than others trading while doing future trading by taking high leverage with risk which could be reason lose the portfolio due to making one single mistake. So good to practice spot and better to be comfortable with it  

i can't share it, but I've did few successful trade before. Now I'm currently in lose because I bought Bitcoin at $27.5K, but no worries I will keep holding

that is the reason why you should learn about indicators and have some technical knowledge. Some successful trades didn't mean you can last long in thus field. Although loss could be happen even after having knowledge about those things but in that case, those kind of knowledge could help you to minimize the losses amount. And it's a good decision to trading with bitcoin while others altcoins are much volatile

[barisbilgili]

Buying high and selling low isn't necessarily a bad thing. It's more like an investment strategy where you buy and hold until the price goes up. Since you're trading only BTC/USDT, it's less risky. It's best to stick to that pair because adding altcoins can expose you to more losses. I think you should explore trading a bit more and learn the basics. You'll do great! 📈💪

It is important for us to have a good strategy in trading and investing because if we do not have a good strategy in trading or investing then it is very unlikely that we will be able to get a profit from the investment we are going to make. Choosing to trade using Bitcoin will certainly have a smaller risk compared to altcoins because it is very difficult to make a choice on altcoins to make a profit. You are right, it is important for those who start trading to understand trading well so they don't experience a lot of losses from the trading they do.

[JunaidAzizi]

Is there anyone like me here?

All you are saying is that you are trading on a luck basis and I just concluding that your lunch is too good. This is not actual trading according to me because trading involves long research about market volatility, knowing about the signals, and studying the candles, but you just buy and leave it for some time and then sell it at a profit and I am telling you that it is your luck through which you are still did holding, investing in Bitcoin when it is in the dump, and then selling it when it is on pumping. Holding is also working the same buying at the dump holding it for some time and then selling it when its price is high. As you mentioned you did not care about the signals and candles and you are new to trading, so holding is best for you, keep it and don't go to another strategy until and unless you make yourself an expert in trading.

[doomloop]

for me margin trading or leverage trading are for making quick profit and high risk, I feel more comfortable in spot trading.

for beginner, it's good to go with spot trading which is safer option than others trading while doing future trading by taking high leverage with risk which could be reason lose the portfolio due to making one single mistake. So good to practice spot and better to be comfortable with it

Most beginners misunderstand the whole concepts, they don't know the risks involved with futures trading and they have only seen profit screenshots from YouTube channels or in social media groups where people most screenshots of their profits and don't do the same with their losses, which makes newbies think that there is a lot of profit in this and they should do it as well, but they don't know the actual reality which is that one with enough knowledge and experience can achieve that and not without any knowledge or experience.

So, what they do is simply take their capital, watch a tutorial about how they can start and start trading in futures market without learning or anything, and they also join signal groups so that they can get signals and use those signals to make trades which is another mistake because those groups are created only to earn money for their creators as they charge money for joining.

[eXtremal]

Correct. Bitcoin may produce less profit but it is actually very good at reducing the real risk of risky trading. I'm sure with your patience you might be someone who can be successful in trading as long as you don't rush into it because many people fail because they rush to become rich.

[Awaklara]

Correct. Bitcoin may produce less profit but it is actually very good at reducing the real risk of risky trading. I'm sure with your patience you might be someone who can be successful in trading as long as you don't rush into it because many people fail because they rush to become rich.

So what about people who trade every day to make a profit? I don't think they're in a rush, although I'm sure trading isn't their main source of income. but some traders do day trading for some profit. they are not people who rush, but they do it with their skills and experience when trading.
people in a rush to get rich should know that Bitcoin will not provide that. they should look at how the price of Bitcoin has grown throughout history. so they will know how they can profit from Bitcoin trading.

[AicecreaME]

First of all I'm not a real trader, but I like to trade to earn small amount profit.

I only use BTC/USDT pair because USDT make me easier to determine how much my coins worth after trade and most liquid stable coin, the reason why I choose BTC is I don't need to worry about it when my trading goes wrong. So if I bought Bitcoin at the peak and the price keep decreasing, I will not sell it, but I will wait for the next super cycle where Bitcoin usually break new ATH.

Keep in mind I never learn about chart, candlestick, trend etc, all of my decision come from my mood and instinct. No stop limit, no follow any signal, no watching my PC for 24/7 etc, just directly buy and sell.

Is there anyone like me here?

I mean, it's not really an instinct not to sell your bitcoin hodling when its price is going on the opposite way you wanted it to, it's a natural response when you don't want to lose anything, so you'll wait for the next all time high price. And I don't think that not following any basic fundamentals in trading will bring you to a level that you make a lot of profits in trading, especially in futures trading.

[Bitcoin_people]

Almost everyone starts trading with the intention of making a small profit so that he accumulates a daily income. But I think it is wise for you to trade this Bitcoin, because it is very low risk and there is no chance of losing money. If you trade in altcoins other than Bitcoin, I think it's always risky and there's always the fear of losing money. I have also traded many times and lost money but if I had traded it in bitcoin I might not have lost money but I mistakenly traded altcoin and lost. Moreover, there is no need to worry about trading in Bitcoin as we all know that once it falls, it will rise again and its price will increase. But when an altcoin dumps from highs to lows, it has very little chance of going up. That's why I think Bitcoin is a good coin to invest and trade that will pay and secure a person.

[bayu7adi]

It's more about your confidence when accumulating BTC assets, even when the price drops, you don't rush to make decisions. It's almost similar to my approach, but all my decisions come from the amount of money I have. If there's extra cash, I buy Bitcoin...if not, I don't. And I haven't sold it until now.

I have a target, maybe until it reaches the equivalent of 0.1 BTC, and I'm waiting for the next ATH before considering selling. This is still in the experimental stage, so I can't guarantee if it will work or not because my emotions easily get influenced when the BTC price rises by just 10% or 15%... I tend to be too eager to sell

[Lorence.xD]

Correct. Bitcoin may produce less profit but it is actually very good at reducing the real risk of risky trading. I'm sure with your patience you might be someone who can be successful in trading as long as you don't rush into it because many people fail because they rush to become rich.

Profit is profit, if you are consistent enough and disciplined you could even consider that less profit from Bitcoin to be huge. If you rush your way in the crypto industry, for sure you won't even survive long in here. It will just make you pressured as you are too focused on your goal which is to be rich, than learning in the process and every mistake to be part of your development journey in trading. Just think of the persons that has been trading for years or decades, some of them are already successful but mostly for sure are still in the progress of becoming rich. You cant rush something that you understand, that's why we can observed that from learning courses would literally need to be years, which I think is applicable to trading, invest with yourself first with knowledge.

[ShowOff]

Almost everyone starts trading with the intention of making a small profit so that he accumulates a daily income. But I think it is wise for you to trade this Bitcoin, because it is very low risk and there is no chance of losing money.

They won't lose bitcoin if it's a spot trade, but they could lose value due to its price volatility. On the other hand, traders will lose everything if they choose futures trading, because the risk of liquidation due to price volatility is very high. Of course they can minimize the risk by setting a lower leverage, but the risk of liquidation is still there due to changes in trends or something like that.

In my opinion, trading bitcoin on a low budget is very illiquid. This is not just an assumption but a fact because of the high value of Bitcoin. I wouldn't trade bitcoin if my budget was only $100 - $500, but altcoins tend to make more sense. For bitcoin, long-term investment is a good plan to have.