Trade only Bitcoin

[tbct_mt2]

Trading is a lifetime skill that is always beneficial if you know what you are doing, the biggest mistake of traders is trading alt that most times doesn't obey market structure,
when it comes to cryptocurrency, trade only Bitcoin.

Before you think trading can help you rich, you must think investing can help you rich.

If you can not invest successfully, it means you are lack of discipline and patience. If you don't have those characteristics, you can not trade successfully. If you trade, you lose money so try with investing first and see how it works for you.

If you can invest successfully, you can try trading but it is harder than investing so no guarantee that you will succeed with trading.

[Blowon]

if you have a lot of capital to trade. Go ahead, I'm sure even at the current price which is still at least 50% below the ATH, Bitcoin is still very expensive, even very few of us own one Bitcoin. If we invest there, of course the movement will take a long time based on the number of Bitcoin holders now. I don't think it's wrong to use other altcoins in trading. it will be much quicker to earn than having to trade with bitcoin only.

[michellee]

There is no harm in trading altcoins, especially since we know many altcoins have the potential to give us profits. But trading requires further analysis to find the right altcoin and it's not easy. With so many altcoins on the market, it can make us tempted to try trading altcoins. But when you don't have better analytical skills, you might find it difficult to choose the altcoin.

But if you prefer to trade Bitcoin, that's okay because each trader's choices will definitely be different. Moreover, we don't have the same trading capital so we need to adjust it to our choices. But whatever it is, if you want to trade, you have to make sure you have good analytical skills to find the right time to trade.

In trading Bitcoin, you have to be more patient because currently, Bitcoin movements are not too much so you have to wait to determine when to enter and exit the market. That is different from altcoins, which have rapid price changes so the risk will be greater. You must understand this in trading.

[knowngunman]

Trading is a lifetime skill that is always beneficial if you know what you are doing, the biggest mistake of traders is trading alt that most times doesn't obey market structure,
when it comes to cryptocurrency, trade only Bitcoin.
Bitcoin doesn't just give you profit, it gives you security, it obeys market structure, for the past 2yrs I have been trading, I only have losess only when I trading Alt, price action trading I utilize will trading always gives me result when trading Bitcoin, but when it comes to Alt I really do feel as if am gambling, so my fellow traders, trade only Bitcoin, I don't know if anyone feel the same way?

If we are to go by this your analysis, then no one will be losing in trade. Obeying market structure means that a coin must always move according to trend which I can confidently say it's not always the case in crypto and bitcoin is not excluded. By the way, trading is beyond a coin obeying market structure. In my opinion, altcoins are the best when it comes to instant trading and taking profits but when it comes to investment, bitcoin is second to none. It just depends on trader's experience and skills. Bitcoin trading actually has less risk and by implications has less profit and require patience. Altcoins can give you high profit as it is also highly risk. After all, it is about what work for everyone.

[Hypnosis00]

Trading is a lifetime skill that is always beneficial if you know what you are doing, the biggest mistake of traders is trading alt that most times doesn't obey market structure,
when it comes to cryptocurrency, trade only Bitcoin.
Bitcoin doesn't just give you profit, it gives you security, it obeys market structure, for the past 2yrs I have been trading, I only have losess only when I trading Alt, price action trading I utilize will trading always gives me result when trading Bitcoin, but when it comes to Alt I really do feel as if am gambling, so my fellow traders, trade only Bitcoin, I don't know if anyone feel the same way?

Unfortunately, people's mindset is to earn more profit when trading and so they prefer to use altcoins instead of Bitcoin. I can't deny that and I have to admit that was really happened to me. I'd try trading using Bitcoin first and I try altcoins after because someone told me to do it and was a surprise that altcoins sometimes make you earn more when you get lucky especially when it is hype. I can say that there is a big difference when using Bitcoin and not to wonder why most traders choose altcoins while holders choose Bitcoin.

[YOSHIE]

when it comes to cryptocurrency, trade only Bitcoin.

This has been done by many people, I think the average person who trades in crypto, Bitcoin is the main choice, Altcoins if there are maybe not many, but the rotation is slow, there is no doubt that Bitcoin is the right choice to trade, maybe I don't deny that.

Trading volume in the crypto market today Bitcoin is top, the graph that plays in every second and minute is just Bitcoin is perfect, price changes are also so, Alt for me is not a good alternative for trading, I'm sure if you think that Bitcoin is your choice in crypto trading, clearly have no doubt that you can achieve good results.

[rat03gopoh]

Altcoins have their own internal fundamental effects generated by their team or company. This is the main influence of their prices rather than global market conditions, it also contributes excessively to volatility and can even go against the grain of the trend.

[Hamza2424]

Buddy, as a trader, I really won't suggest you trade Bitcoin trader is not like a Hard fan of Bitcoin accumulation, a trader chooses the market and enters to gain profits but for the Bitcoin accumulators, Profit is not the only priority they mostly prioritize the amount of Bitcoins. By just trading Bitcoin a trader will lose a lot of significant factors of risk management such as diversification, position sizing & a lot more. Also, Bitcoin alone cant provide enough space and swing from traders to complete its lowest targets, (It depends on the market developments directly related to Bitcoin).

A wider range of the market pairs brings wider opportunities as well, where Obviously the much strict risk management is required still by adapting more pairs a trader can really move one very sort of market scenario due to enough volatility, Shitcoins is obviously out of this discussion. As for traders as well I do never suggest trading with them. So in short what traders really need to hit their targets requires a controlled list of market pairs into Only Bitcoin.

In Inverting Opportunities and Long-term accumulation, Obviously, Bitcoin stands alone.

[|MINER|]

I agree with you that trading in Bitcoin is safe.  Alt coins are very risky.  But I think trading is totally skill dependent.  There are many people who have profited a lot by trading in alt coins.  There are many people who trade in alt coin and lose everything. But bitcoin is very reliable in this case.  Many people think that alt coin has a lot of risk as well as a lot of profit.  Trading is always dependent on skill. If one wants to start trading, he should focus on improving his skills. But Bitcoin is the best for trading when you want a secure ecosystem.

[Inwestour]

I agree with you that trading in Bitcoin is safe.  Alt coins are very risky.  But I think trading is totally skill dependent.  There are many people who have profited a lot by trading in alt coins.  There are many people who trade in alt coin and lose everything. But bitcoin is very reliable in this case.  Many people think that alt coin has a lot of risk as well as a lot of profit.  Trading is always dependent on skill. If one wants to start trading, he should focus on improving his skills. But Bitcoin is the best for trading when you want a secure ecosystem.

It is a misconception that if you trade Bitcoin you are safe. There are many examples where traders lost everything while trading Bitcoin futures. Bitcoin spot trading will be much safer if you have the patience to wait out a bear market if you bought at the wrong time, but it will no longer be trading, it will be hold. Or you may have to exit the trade at a loss to continue trading.

Altcoins are also not a death sentence, you can trade on anything if you have studied this asset and think that you can predict its further movement. Trading is not an easy task, but if you follow risk management, then you will have a good chance of learning how to make money from it.

[AakZaki]

if you have a lot of capital to trade. Go ahead, I'm sure even at the current price which is still at least 50% below the ATH, Bitcoin is still very expensive, even very few of us own one Bitcoin. If we invest there, of course the movement will take a long time based on the number of Bitcoin holders now. I don't think it's wrong to use other altcoins in trading. it will be much quicker to earn than having to trade with bitcoin only.

Good advice to trade in Bitcoin, but are you patient enough to wait for the price to move because Bitcoin is currently still sideways at the same price in recent weeks.
Shouldn't you make other trades such as ETH or other altcoins that are more volatile?
Bitcoin will be very suitable for the long term if bitcoin is again in a bearish state like now. Moreover, it fell by more than half of the last ATH.

[Bushdark]

I agree with you that trading in Bitcoin is safe.  Alt coins are very risky.  But I think trading is totally skill dependent.  There are many people who have profited a lot by trading in alt coins.  There are many people who trade in alt coin and lose everything. But bitcoin is very reliable in this case.  Many people think that alt coin has a lot of risk as well as a lot of profit.  Trading is always dependent on skill. If one wants to start trading, he should focus on improving his skills. But Bitcoin is the best for trading when you want a secure ecosystem.

Even though Bitcoin is a safe currency, it is quite funny if op really meant it by one should trade online Bitcoin. There are plenty altcoins in the market which we can trade rather but forcing only Bitcoin would not even give us the kind of profits that we are looking. There ere some altcoins that are easy to predict that even the Bitcoin itself so we should always trade what we have good knowledge about not just entering the market to trade any coin we see. There are other Bitcoin peers we can against Bitcoin or with Bitcoin and we can make some good profits from the market. Those who have idea about trading even though they are nit traders should give an hint on this too.

[Nrcewker]

People trade in order to make some profits on daily basis. I know Bitcoins are the best coins. But if we see honestly, then Bitcoins are not for daily trades. People buy Bitcoins only for investment purpose. Investment and trading are both different concepts. In trading you give time to the market, and analyse it. Trading can only be done with alts with measuring the market risks. Bitcoins are good for long term investment.

[JunaidAzizi]

Trading is a lifetime skill that is always beneficial if you know what you are doing, the biggest mistake of traders is trading alt that most times doesn't obey market structure,
when it comes to cryptocurrency, trade only Bitcoin.
Bitcoin doesn't just give you profit, it gives you security, it obeys market structure, for the past 2yrs I have been trading, I only have losess only when I trading Alt, price action trading I utilize will trading always gives me result when trading Bitcoin, but when it comes to Alt I really do feel as if am gambling, so my fellow traders, trade only Bitcoin, I don't know if anyone feel the same way?

Yeah, I know that bitcoin is more stable and good than altcoin but you should never underestimate the benefits of altcoins As all know bitcoin is the largest cryptocurrency in the universe and is well known but it's not the only one. altcoins give a trader more diversity than bitcoins. There are hundreds of altcoins in the market which gives the traders more options and the traders find the best one which will meet their goals or returns. Also, the altcoin is less expensive than bitcoin which makes it reachable to new traders, and altcoins have more liquidity than bitcoin, which means it can be traded easily.

I am not saying that Bitcoin is not good or warning the newbies to not go to the Bitcoins ofcourse there is no doubt that Bitcoin is the best but all I am saying is altcoins also have some importance. More, altcoins are riskier lose value easily, and are not accepted widely like bitcoin which makes it difficult to sell.
If you guys want to trade then do it on your own choice I just expressing my views to others may be it wrong so therefore DYOR before going to trade.

[HONDACD125]

Trading is a lifetime skill that is always beneficial if you know what you are doing, the biggest mistake of traders is trading alt that most times doesn't obey market structure,
when it comes to cryptocurrency, trade only Bitcoin.
Bitcoin doesn't just give you profit, it gives you security, it obeys market structure, for the past 2yrs I have been trading, I only have losess only when I trading Alt, price action trading I utilize will trading always gives me result when trading Bitcoin, but when it comes to Alt I really do feel as if am gambling, so my fellow traders, trade only Bitcoin, I don't know if anyone feel the same way?

In fact, trading can be very profitable if one has good experience and knowledge about the market. Trading is not so easy that you will always get profit, but a good trader can improve his profit rate with his experience and skill. Trading in altcoins is definitely more risky than Bitcoin, as trading in altcoins can often lead to more losses, as any coin can fall badly unlike the market.

Just as trading in bitcoin is safe but the rate of return is low, in the same way your capital is not very safe in trading in altcoin but the rate of return is high. I think trading in Bitcoin is good, but you need a good amount of money to trade in Bitcoin, because even at the current price, if you trade in Bitcoin. With small capital, you are unlikely to get substantial returns. On the other hand, you can earn good profits even with a small capital for trading in altcoins.Therefore, trading in bitcoin may not be profitable for small investors, but in altcoin they can make good profit with less capital by trading well with their experience and expertise.

[tvplus006]

... trade only Bitcoin.
Bitcoin doesn't just give you profit, it gives you security, it obeys market structure...

It is possible that Bitcoin trading is safer in relation to altcoins, but even the positions of professional traders are liquidated when the price sharply increases or decreases. Therefore, no matter what you trade, you need to adhere to the risk management strategy.

[lombok]

Trading is a lifetime skill that is always beneficial if you know what you are doing, the biggest mistake of traders is trading alt that most times doesn't obey market structure,
when it comes to cryptocurrency, trade only Bitcoin.
Bitcoin doesn't just give you profit, it gives you security, it obeys market structure, for the past 2yrs I have been trading, I only have losess only when I trading Alt, price action trading I utilize will trading always gives me result when trading Bitcoin, but when it comes to Alt I really do feel as if am gambling, so my fellow traders, trade only Bitcoin, I don't know if anyone feel the same way?

Most of my trading activities during my time with crypto, 80 percent of my trading was on Bitcoin. 20 percent of my trading is in Forex and altcoins. As OP said, trading in altcoins made me lose, I was really blind to altcoins. The altcoin movement is still too wild for me. When my analysis shows that the altcoin I analyzed will experience an increase, suddenly the price of BTC experiences an automatic dump. The altcoin will also experience a more severe price decline. Things like this are what make me survive and be more effective on Bitcoin.

I've also given up on trading spot altcoins. 4 times I bought an altcoin and held it which I hoped would give me big profits during the bull run, but instead I made a profit. The 4 altcoins that I stocked were scams and I lost money 😭

[irhact]

Trading is a lifetime skill that is always beneficial if you know what you are doing, the biggest mistake of traders is trading alt that most times doesn't obey market structure,
when it comes to cryptocurrency, trade only Bitcoin.
Bitcoin doesn't just give you profit, it gives you security, it obeys market structure, for the past 2yrs I have been trading, I only have losess only when I trading Alt, price action trading I utilize will trading always gives me result when trading Bitcoin, but when it comes to Alt I really do feel as if am gambling, so my fellow traders, trade only Bitcoin, I don't know if anyone feel the same way?

I don't know about not trading altcoins as they're the projects that give the most return in the market because they're more volatile than Bitcoin. As an individual that trade, you can focus on trading only altcoins and make big profits that you can later use in accumulating Bitcoin. Altcoins are risky but since you're not holding them for long you can make profits from trading them. While trading you have to be careful to not trade projects that are scams or you'll lose all your money.

As traders, we can decide to trade only Bitcoin and make profits and we can trade both altcoins and Bitcoin and still make profits. When it comes to trading, it's the knowledge that we have and the experience that matters as you can trade any cryptocurency and make profits.

[TheUltraElite]

for the past 2yrs I have been trading, I only have losess only when I trading Alt, price action trading I utilize will trading always gives me result when trading Bitcoin, but when it comes to Alt I really do feel as if am gambling,

Thats strange, you should analyse what you have been doing wrong. Altcoins are less profitable than bitcoins but continuous losses for two years, you might be doing something wrong. Because carrying over that same mistake to bitcoin and you might end up seeing the same results, which is not our objective here.

Check your buying and selling points, the interval you have held through. Also why you wanted that altcoin specifically, what things you mis-read from that coin that lead to the loss and your bad estimation.

Trading is a long term game. These analysis might be cumbersome but they help.

[Lakai01]

Trading is a lifetime skill that is always beneficial if you know what you are doing, the biggest mistake of traders is trading alt that most times doesn't obey market structure,
when it comes to cryptocurrency, trade only Bitcoin.
-snip-

Sorry if I have to say this directly but this is absolute nonsense. As a trader you take advantage of the swings of the price of a certain asset, the asset itself hardly plays a role. According to your logic, one would have to trade Forex for safety's sake, since there are hardly any percentage increases worth mentioning. The opposite is actually the case here ... in Forex trading relatively large leverages are used to achieve the desired percentage increase.

By the way, you have described a market structure for altcoins yourself: If BTC falls, so do the alts ... and usually even more strongly. You can definitely take advantage of this knowledge when trading altcoins. To warn against Altcoins here and to advise people to rather bet on Bitcoins in trading is simply wrong in my opinion.