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

[erixter]

Bitcoin is an advantageous asset for trading due to several reasons. First and foremost, Bitcoin operates on a decentralized network, allowing for peer-to-peer transactions without the need for intermediaries like banks. This decentralized nature ensures increased transparency, security, and privacy in trading activities. Additionally, Bitcoin's global accessibility enables traders to participate from anywhere in the world, eliminating barriers such as geographical boundaries and limited trading hours. Moreover, Bitcoin's high liquidity and volatility create ample opportunities for profit-making through short-term trading strategies. Overall, Bitcoin's decentralized structure, global accessibility, and market dynamics make it a compelling choice for traders seeking efficiency, flexibility, and potential financial gains.

I agree with you, the importance of BTC cannot be ignored as far as many other cryptos are concerned. For me, It its importance increase because of unlike traditional financial markets that have set trading hours, the Bitcoin market operates 24/7. This around-the-clock availability allows traders to respond to market developments and take advantage of price movements at any time, regardless of their location. The second thing is that it is much more secure than others, due to which you can keep your assets safe and earn good profit. Moreover, Bitcoin has seen significant price appreciation since its start, and some traders view it as a long-term investment asset. I like trading in BTC because of its liquidity, and diverse trading options.

[barlo357]

It is good for trading since most crypto depends on its price also the trading volume of it on spot and futures is huge, so it is difficult to manipulate unless the whales are making a move that will affect the price action of bitcoin.

[kawetsriyanto]

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.

I can understand this. As long as there is an upcoming Bitcoin halving, you should feel safe to trade or hold Bitcoin, right? After BTC halving, we probably have bullrun season and it will be the best time to sell Bitcoin. Well, it is not a wrong decision but top altcoins are also almost the same as Bitcoin. If you check ETH, BNB, or ADA, they are also safe to trade and hold now. You must know if these altcoins also follow Bitcoin, even they can rise more than Bitcoin. I think you don't need to trade with Bitcoin only, just try top altcoins for a chance of bigger profits. When there is a bullrun, it is time for altcoins season, too. 

[Bitcoin_people]

well, that is the advantage of bitcoin, that you don't have to worry about your investment. I also often do this. however, I thought the same thing for popular altcoins, not to mention that they are cheaper than bitcoin. so, I sometimes combine my investment with several altcoins. however, personally, I only use altcoins for the short term, and bitcoin for the long term. However, the risk of bitcoin is smaller than that of altcoins, but I feel that with a small capital, the profit is not too big.

Altcoins shouldn't be left unmonitored because they can collapse or get low trading volumes anytime. For example Binance exchange has been delisting some tokens and this has caused their price to fall. If you held those altcoins and didn't monitor them to know when you should take profits or sell to avoid further losses, you'll always lose from the market. Only Bitcoin can be left years without monitoring and still be profitable.

Don't invest in altcoins because they seem cheaper than Bitcoin, there are so many reasons why a coin or tokens is having a low price. Some of the reasons could be because the supply of the project is too much like with most of the memecoins that are been launched.

We shouldn't really compare all altcoins with meme coins but you are obviously right that if a token or a coin has a very large supply, it will most definitely have a very low price making the token deflationary for most of its lifetime. Such tokens barely manage to get high price gains no matter how much the market moves up and down.

But, not all altcoins are like that, there are also tokens and coins which have high supplies but have good prices and good enough trading volumes because they are backed by strong projects with strong fundamentals.

This is the importance of having knowledge because if not then we are just FOMO and in the end we lose,
strong project backed coin is worth to invest and maybe it will be profitable,
Investing in meme coins for me is not a good option but everyone has their own view on it.

It is very necessary to have knowledge in trading otherwise there is definitely a possibility of losing currency. But Bitcoin is worth the investment I think this Bitcoin investment should never be risky. Most people gain from investing in Bitcoin and those who are raw about it face losses.
There is no doubt that investing in meme coins will result in future losses. Most of the meme coins are scams so it is better not to risk investing. I never consider investing in meme coins but investing in Bitcoin is the best.

[omgitsmehehe]

It is good for trading since most crypto depends on its price also the trading volume of it on spot and futures is huge, so it is difficult to manipulate unless the whales are making a move that will affect the price action of bitcoin.

Whales and top companies are the only ones that can manipulate or glitch bitcoin, which happens once in a long period of time, its price is not fixed, up and down movement. Bitocin trading volume is larger than most cryptocurrency in the mark. Bitcoin is a top coin in the market, it's fluctuations keeps getting worsen by the day, to mu surprise, most traders are acquainted with bitcoin and that strengthen me into trading it. I've made countless loss in trading bitocin and also profits, but making sure my profits surpassed my loss.

[TheUltraElite]

It is good for trading since most crypto depends on its price also the trading volume of it on spot and futures is huge, so it is difficult to manipulate unless the whales are making a move that will affect the price action of bitcoin.

Manipulation in speculative assets occur everyday and it's not that Bitcoin is free from it. However the changes occuring in price every 24hrs is much less in the last few months compared to top stocks on the market if you may. This should not happen to be the reason for trading, rather trade whatever is easy and comfortable for you.

Do not be of the opinion that one is profitable while others are not. In the long term most assets are profitable if you know to hold and trade them.

[Renampun]

...

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?

trading without analysis and learning as you do is very risky. because if you use mood/instinct it's not trading but gambling, because trading uses analysis and various strategies to be able to minimize losses and get profits. whereas gambling is that you actually buy an asset and hope that it goes up or down, you don't use any method, just stick to your feelings.

there's nothing wrong with you from now on starting to learn to analyze the market based on the news. No need to be complicated to learn charting, just learn the fundamentals. trading like this is much more fun, because we can see how we try to analyze and get profit and when it works we will definitely appreciate trading more.

[Strongkored]

Is there anyone like me here?

The way you do it only matches the pairs you choose, if you do it on altcoins whose development is unclear and think the price will go up again then all your capital will be ashes sooner or later.
I did the same thing when I first started trading, but unfortunately not in the same pairs as you so the results were really bad because the altcoin that I bought turned out to be a developer cheating and dumping all the coins into the exchange to run with the money they got from dumping away the coins it holds, so as I mentioned it is only suitable for BTC-Stablecoins but hopefully the stablecoins you choose are not like UST, so actually you are still at risk of losing if what happens to UST happens to the stablecoin you choose.
So it would be better to also develop knowledge about trading or if you want to keep doing the same thing, change to BTC-Fiat pair and do it on the local exchange which I think is much safer.

[Natalim]

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.

Nah, I've tried doing this but guess what, I ended up losing my $100 too fast than I can imagine. I realized that trading doesn't simply just work without these trading tools (chart, candle stick, analysis, etc). Though using our instinct is seem to help but not that we just rely on it because the result is too different compared to having those tools I've mentioned. No way we can survive trading and not gain success if we don't use them as it was been created to have positive trading results more than the usual thing we do.

[gabbie2010]

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?

That means you are using spot trade in trading BTCUSDT because despite buying at the peak your risk is very minimal despite a price reversal or retracement compared with when you are trading with Isolated or cross margin with a leverage of 3x and 5x or if you adopted future trading then you will need to worry about liquidation because of the high risk involved in trading, spot trading is  more or less like investing in Bitcoin and hodl that means for you to break-even after a price reversal you needed to wait till price turn bullish and pump till your entry price well it's a good strategy for any newbie without any knowledge of candlestick patterns.

[Kelvinid]

It is good for trading since most crypto depends on its price also the trading volume of it on spot and futures is huge, so it is difficult to manipulate unless the whales are making a move that will affect the price action of bitcoin.

Whales and top companies are the only ones that can manipulate or glitch bitcoin, which happens once in a long period of time, its price is not fixed, up and down movement. Bitocin trading volume is larger than most cryptocurrency in the mark. Bitcoin is a top coin in the market, it's fluctuations keeps getting worsen by the day, to mu surprise, most traders are acquainted with bitcoin and that strengthen me into trading it. I've made countless loss in trading bitocin and also profits, but making sure my profits surpassed my loss.

I'd learn to trade using Bitcoin but found it not just an option to take as I noticed that many traders are saying that altcoins are more profitable than Bitcoin. Yes, and I've found it right that is why I switch to using altcoins now and see huge different results and they are right. Honestly, I see altcoins are more volatile compared to Bitcoin and probably because of huge trade volume which makes it move high and low too fast and this is good in trading. But of course, we should be wise when choosing altcoins as not all are worth trading, market analysis is very important.

[gunhell16]

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?

Honestly, I don't believe what you say "You never learn chart and candlestick" Instead you just base trading on your mood and instinct. Given the fact, it's true that you decide on your mood and instinct, of course when you set up to buy or sell bitcoin or other cryptos, you'll see the chart/graph and candlesticks, it's impossible not to see that. Also, when you see that you will have an idea of what you should do and you will have an idea to also see the indicators of which direction the price is going.

There are no traders who don't know how to read the candlestick or read the chart on every exchange that will use it. So you only have two choices, dude, are you a Bitcoin or crypto trader or are you just a Feeling trader who doesn't know what you're doing? I'm sorry, I am just stating the fact based on what you say. Because even though I don't know anything, I will still base my buy or sell set-up on the direction of the candlestick or the indicators on the chart. That means what I saw on the chart via candlestick gives me an idea of what to do and that's where my instinct comes in.

[ItsCrafty]

trading without analysis and learning as you do is very risky. because if you use mood/instinct it's not trading but gambling, because trading uses analysis and various strategies to be able to minimize losses and get profits. whereas gambling is that you actually buy an asset and hope that it goes up or down, you don't use any method, just stick to your feelings.

there's nothing wrong with you from now on starting to learn to analyze the market based on the news. No need to be complicated to learn charting, just learn the fundamentals. trading like this is much more fun, because we can see how we try to analyze and get profit and when it works we will definitely appreciate trading more.

Bitcoin is often considered a good platform for trading due to several reasons. It has high liquidity, meaning it can be easily bought and sold. Bitcoin operates on a decentralised network, providing accessibility and eliminating intermediaries. Its price maintainability creates opportunities for potential profits through short-term, long-term, and part-time investment. The round-the clock nature of the Bitcoin market allows users to trade at any time. Additionally, Bitcoin's global recognition makes it a popular and known choice among traders throughout the world, contributing to its trading potential. Remember that before trading in Bitcoin, you must first learn and gain skill about cryptos and be aware of and prepare yourself for the profit and loss margins.

[darewaller]

Is there anyone like me here?

The way you do it only matches the pairs you choose, if you do it on altcoins whose development is unclear and think the price will go up again then all your capital will be ashes sooner or later.
I did the same thing when I first started trading, but unfortunately not in the same pairs as you so the results were really bad because the altcoin that I bought turned out to be a developer cheating and dumping all the coins into the exchange to run with the money they got from dumping away the coins it holds, so as I mentioned it is only suitable for BTC-Stablecoins but hopefully the stablecoins you choose are not like UST, so actually you are still at risk of losing if what happens to UST happens to the stablecoin you choose.
So it would be better to also develop knowledge about trading or if you want to keep doing the same thing, change to BTC-Fiat pair and do it on the local exchange which I think is much safer.

Choosing that kind of alt is I think fine in trading because we will just trade them right away. It only becomes risky if an investor picks them because the coin could die already before they come back to see their portfolio because investors usually leave their portfolio for a while to avoid getting distracted. It's normal to make mistakes on our earlier days in trading but we can learn valuable lessons here.

It's up to us already if we will apply it or we will now move on. What happens to UST is pretty bad but it did already happen to some stable coins which are also algorithmic based. I'm not saying that stablecoins like Tether, BUSD and USDC are now safe. No, but they have their own issues too.

[justdimin]

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?

That means you are using spot trade in trading BTCUSDT because despite buying at the peak your risk is very minimal despite a price reversal or retracement compared with when you are trading with Isolated or cross margin with a leverage of 3x and 5x or if you adopted future trading then you will need to worry about liquidation because of the high risk involved in trading, spot trading is  more or less like investing in Bitcoin and hodl that means for you to break-even after a price reversal you needed to wait till price turn bullish and pump till your entry price well it's a good strategy for any newbie without any knowledge of candlestick patterns.

I think that is still quite big movement, sure it is not going to collapse on itself and that's a good thing but that doesn't mean that we are going to end up with zero neither, we are going to end up with a big movement. So when bitcoin moves 3%, you may move 30%, instead of losing all 100%, you are losing 30%, but at the same time instead of earning 100%, you are losing 30% as well.

These are the differences and that's why it matters. I still prefer regular old spot trading ,buy bitcoin and sell my fiat, and sell bitcoin to get fiat, that's it. These days it is mostly done with stablecoins of course but I can still do it with regular fiat as well if I want to, there is no need to put stable into it at all if I do not prefer to use it and just want to do regular fiat.

[savetheFORUM]

Bitcoin is often considered a good platform for trading due to several reasons. It has high liquidity, meaning it can be easily bought and sold. Bitcoin operates on a decentralised network, providing accessibility and eliminating intermediaries. Its price maintainability creates opportunities for potential profits through short-term, long-term, and part-time investment. The round-the clock nature of the Bitcoin market allows users to trade at any time. Additionally, Bitcoin's global recognition makes it a popular and known choice among traders throughout the world, contributing to its trading potential. Remember that before trading in Bitcoin, you must first learn and gain skill about cryptos and be aware of and prepare yourself for the profit and loss margins.

First of all, Bitcoin is not a platform but an asset or a cryptocurrency that people buy and sell, and I believe volatility and enough liquidity are the two main reasons why traders prefer Bitcoin over other cryptocurrencies when trading, one more thing is that Bitcoin seems safer than altcoins because it has been around longer and has gained a sort of trust among the community that it won't bring many losses if it's kept and isn't sold after panicking.

Still, whether Bitcoin seems to be a safe option to buy and sell as a trader, one should still do their own research and understand all the metrics that must be considered before trading cryptocurrencies because even Bitcoin can have some risks involved with it.

[bitgolden]

I think that is still quite big movement, sure it is not going to collapse on itself and that's a good thing but that doesn't mean that we are going to end up with zero neither, we are going to end up with a big movement. So when bitcoin moves 3%, you may move 30%, instead of losing all 100%, you are losing 30%, but at the same time instead of earning 100%, you are losing 30% as well.

These are the differences and that's why it matters. I still prefer regular old spot trading ,buy bitcoin and sell my fiat, and sell bitcoin to get fiat, that's it. These days it is mostly done with stablecoins of course but I can still do it with regular fiat as well if I want to, there is no need to put stable into it at all if I do not prefer to use it and just want to do regular fiat.

I hope that people would end up with something that would be possible because it should not be that much of a good thing. It doesn't mean that we will have a better return though, that doesn't mean that it wouldn't be a good thing, it doesn't mean that it would be a good thing and we may lose maybe less than full but still loss.

I think it is quite terrible for the end and we should be careful about it. I know that the risk is less than regular leverage type of deal and that is understandable, but being less than normal doesn't mean that it will be like that for a long time, it just means that we are losing and yet losing less and that is why it is still a trouble. Learn how to trade on spot trading and be right there for many times in a row before people go into these things.

[Black susano]

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 buying and selling.

Is there anyone like me here?

I will likely say you are  into holding not trading cause for trading they are more of decision making you must follow signals to read what the trade market is said that period you can not just predict charts you will have to all way keep an eye for loss signals and always keep an eye on your candlestick that is the movement of price without the candlestick the display of the high, low, open and closing of a prices of a security without this it will not be able to display and also for trading, signal are much used without
them you can not called them trading

[Huppercase]

Why is bitcoin good for trading? I think there are many better options out there. At least, I would not consider bitcoin as the best option.

This statement is might be underated by some people but there is sense in this because Bitcoin is the most like by everyone doesn't gurantee profits for traders especially the ones who have limited capital to trade, altcoin is the best in this market to get something out of it, if you trade bitcoin with a few dollars, you will end up making a peanut but altcoin that is popular by demand and also have good volume that trends every week, you will get your own cut of profit in every candle, you will make something even with the small capital at hand, but don't forget the risk involve in altcoins, they can give loss too.

[imamusma]

I have a counter question - what is it good for? It seems to me that there are definitely better options for work now, and more importantly - much more reliable and profitable.

Of course there are other options to consider besides trading bitcoins, but you didn't mention which one.
It all depends on individual interests and abilities. I know some lucrative options are also available like being a content creator or something like that, but it's not as easy and fast as it seems. The fact is that it takes people years to develop their skills to make money on it, but trading allows you to make a profit even after you buy it.