Trade only Bitcoin

[Dr.Osh]

Well, if you want to trade with minimal risk and plan to hold for the long term, then Bitcoin is the best decision. However, one of the reasons why people choose altcoins in trading is because the price is more affordable, as well as the fluctuation rate is faster and perhaps higher than bitcoin. This makes people choose to trade or hold altcoins for a long or short period of time. However, personally, if I wanted to do it with the least risk, then I would choose bitcoin, especially if my goal is long term.

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[Peanutswar]

They cant seek a good profit with the bitcoin because we know there are a lot of investors already with it reason why they chase the altcoins there's a lot of news, rumors came from friends of friends that they become instant millionaires after they make an investment with the altcoins specifically so people keep hoping that they can deal with at the same time but not as always people have the same faith, its good if they manage and have a good background analysis and checking with their investment most of the altcoins related are scams, rug, and honeypot, why making a risk without assurance with alt if you can see the potential in Bitcoin, both brings profit but more safe with the BTC just my cents.

[ShowOff]

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Book profits should be based on various factors. Sometimes a token rallies up way before the news event happens. This rally can continue until the end of the events which depends on the importance of those events. There is a saying in the crypto market and that is "Buy the rumors and sell the news". If there is a rumor going on then you should start accumulating that project and book the profit as soon as the news event releases.

When someone understands enough how the market works, then of course they can take advantage of any momentum to generate profits. You don't have to trade every day to make a profit, but you have to be able to do analysis enough so that you can make a profit when trading.

We are all aware that sometimes price movements do not always match our expectations, but good analysis can usually help traders to get commensurate results. The saying you say is true, but there are always different strategies that can also generate profits. Rumors are not always true, but some rumors can come true so there is no harm in taking advantage of such things to gain profits from trading.

[el kaka22]

This makes sense to be fair, it is not a move that gets any risk and you could totally do it if you like to.
I understand that some people do not like this type of risk and they would like to do something that would be a bit riskier and want to make more profit and it is very true that you "could" make more profit with other things but that doesn't change the fact that you are not going to start making profit all that quickly just because you did this, you need to make sure that you are going to be getting some income as well and most people do not make that kind of income.

It should be considered that you are going to lose most probably and that is not a smart move, you should not be doing that. I believe that we are going to end up with something that should be hurting your chances most probably.

[armanda90]

For minimalizing risk in trading seems Bitcoin is right choose for trading or investing than altcoin have bigger risk with speculative price movement, but I don't see with any trader want to earn stable and small profitable when investing in bitcoin and almost all trader try with small capital will get maximum profit. Its mean they want huge profit and less capital for trading with altcoin is their trading coins priority than have to trade with bitcoin required huge capital but less profitable earn than altcoin. For huge capital its not problem for them have to trade with bitcoin only because earn  3% until 5% based on their huge capital seems enough profitable but for small fund seems not worth yet when have to trade with bitcoin.

Low risk its low return and high risk understood with high profit, its position low risk for bitcoin trading and high risk for altcoin trading.

[Obari]

Nice advice but just as they always say that, one man’s food is another man’s poison and that’s same thing with cryptocurrency and the fact that bitcoin is favorable to you, doesn’t make it favorable for others and I’ve seen stories of people lamenting how they lost everything to bitcoin and it will be very difficult to convince such persons to stick to bitcoin especially if they’re struggling to put their lives together.
Bitcoin remains the king but I’ve also seen people who give all the credits to altcoins because they got their lives stabilized from trading altcoins and what truly and really matters in the cryptocurrency industry is that you’re making profits irrespective of the coins you’re holding or trading.

[Nheer]

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?

It is so important to know what you are doing when you want to engage in trading, you need to be knowledgeable about it else you will just end up losing money. This is the mistake most newbies make, they don’t seek advise from people first they just jump into trading with the mindset that they also want to make money just as others are making money. Trading skill once acquired is a life time skill that is helpful as long cryptocurrency is still in existence.
I agree bitcoin gives you security but just as it is beneficial trading alts can also be beneficial but they are not as secure as bitcoin. When trading bitcoin you can also encounter losses as well but of all cryptocurrencies it is the best option when trading or Hodling. Bitcoin is simply the best of all cryptocurrencies to work with.

[Inwestour]

When someone understands enough how the market works, then of course they can take advantage of any momentum to generate profits. You don't have to trade every day to make a profit, but you have to be able to do analysis enough so that you can make a profit when trading.

We are all aware that sometimes price movements do not always match our expectations, but good analysis can usually help traders to get commensurate results. The saying you say is true, but there are always different strategies that can also generate profits. Rumors are not always true, but some rumors can come true so there is no harm in taking advantage of such things to gain profits from trading.

It seems easier to recognize the trend on the global chart, but for day trading everything is too volatile and it is really difficult to count on daily profits. From time to time, Bitcoin was in a flat and during such periods it was convenient to trade it even on day trading, but when significant movements begin, this complicates everything. In any case, trading Bitcoin seems safe to me, if you are trading on spot trading then you should not worry that you can stay in this position for a long time.

[justdimin]

When someone understands enough how the market works, then of course they can take advantage of any momentum to generate profits. You don't have to trade every day to make a profit, but you have to be able to do analysis enough so that you can make a profit when trading.

We are all aware that sometimes price movements do not always match our expectations, but good analysis can usually help traders to get commensurate results. The saying you say is true, but there are always different strategies that can also generate profits. Rumors are not always true, but some rumors can come true so there is no harm in taking advantage of such things to gain profits from trading.

It seems easier to recognize the trend on the global chart, but for day trading everything is too volatile and it is really difficult to count on daily profits. From time to time, Bitcoin was in a flat and during such periods it was convenient to trade it even on day trading, but when significant movements begin, this complicates everything. In any case, trading Bitcoin seems safe to me, if you are trading on spot trading then you should not worry that you can stay in this position for a long time.

I would say that when it stays around the same price and has just small amount of movements it's really hard to do spot trading so people moved to do leverage trading during that time. Going just 100 dollars up may not make you a lot of money, but going up that much on a 100x leverage could definitely make you a good income. This of course increases the risk and people shouldn't take that.

Long story short I believe that we are going to end up with a lot of people who are going to take less risk, because we are going to be more volatile soon, and holding bitcoin could be the best thing to do. If we believe that halving will make it go up, then we should trust it to do well enough to keep it going and should be happy about it.

[tjtonmoy]

Bitcoin is better than all the other coins available in the market, but recently the volatile nature of Bitcoin is decreasing. So trading Bitcoin has become harder for people who trade for short-term. In the future the volatility will become less and less and the only way to earn profit from Bitcoin will be by Hodling.
Alt coins does not always follow the market structure. But who has been in this alt market for a long time, they can easily predict what's coming. But that's not 100% accurate. That's just how the market works. If a person makes a loss the other person will make a profit. Alt coins market moves based on trend and hype all the sentiment attached to Bitcoin market. So if one can analyze the market based on that then they can obviously make profit from alt market.
If you were holding for a long-term then Bitcoin is the best choice no doubt. But if you are trading, you need to find different assets that you can trade on. Bitcoin is becoming less and less effective for trading and one day the market will become stable for sure. So it is good practice to learn how to trade other coins so that you can be prepared for the future.

[kingvirtus09]

OP Not all altcoins are the same as you think; there are still cryptocurrencies that are good for daily trade activity, not just Bitcoin. So don't generalize. Because if that's what we always say, it's like you're saying that altcoin is no longer needed in this industry.

Remember that without altcoins, the popularity of Bitcoin will not increase, so if you say that there is a risk, Bitcoin also has a risk. Just like Ethereum, when it started, the price in the market was low, but as time went on, it also increased, like Bitcoin, so that means there are other altcoins that can give us profit, and they are also proven and tested, like Bitcoin.

[Gallar]

~Snip
when it comes to cryptocurrency, trade only Bitcoin.
Bitcoin doesn't just give you profit, it gives you security, it obeys market structure,
~Snip

This is clear and undeniable. Because if Bitcoin is compared with altcoins in terms of quality, the difference is very big. Whether compared in terms of security, price stability, or in terms of trading volume, Bitcoin is still far superior. So it is natural that bitcoin trading can be said to be the safest. But even so, currently I personally don't just buy bitcoin for trading. However, I also have several altcoins that I have analyzed well and I believe will have quite good potential. So even though Bitcoin is indeed the safest crypto asset among other crypto assets. But I still dare to buy altcoins too. Because soon Bitcoin will enter a halving cycle and bullish market. Because usually when Bitcoin enters a halving cycle it will be followed by a bullish market. Usually many altcoins also experience price increases. Even though there is no definite basis for all of this, I am sure that the habits that occurred in the previous halving and bullish market cycles will be repeated in the next bitcoin halving and bullish market cycles.

However, I also do not carelessly choose altcoins for trading or hodling. However, only dare to buy altcoins that are ranked in the top 15 in terms of market capitalization and also the altcoin project must be really good. Because if you buy altcoins that are too careless and don't have a clear project, then the possibility of experiencing losses will be very large, even during the bitcoin halving and bull market. So in conclusion, bitcoin is indeed the safest crypto asset to trade. However, altcoin trading also sometimes has the opportunity for quite large profits, but with the condition that all aspects must be analyzed carefully first.

[SOKO-DEKE]

I so much believe all what you said about bitcoin, and also about alt coin. I have a friend which I told to invest in bitcoin and he told me that he prefers to invest in other coins than bitcoin, he said bitcoin is too expensive that the money he got to invest will only purchase small bitcoin but if its alt coin he will have many of the coin. I try to convinced him that what point will it make by having large quantity of coin without value than having just little with high value. People practicing alt are those that thing cryptocurrency is also gambling because the don't invest in bitcoin. Bitcoin is the reliable and trustworthy coin that never force anyone to commit suicide. It's a relief investment.

This kind of behavior always comes from those who have not yet understood cryptocurrency in general. If not, why will someone think that the fact that Bitcoin is expensive is the reason why he will decide to invest in altcoins? I may easily conclude that your friend is a newbie; if not, why will someone never choose coins because of their expensiveness but not because of their market cap? Many people are seriously making this kind of mistake by investing in a very weak project just because they want to be holding many of those tokens, which I believe is a very stupid idea that will easily make someone end up in tears one day. Holding many tokens will never result in profits unless the project is great, but holding a small amount of bitcoin that will give someone a little profit is far better than holding many token that will make you even lose your capitals.

[Twentyonepaylots]

OP Not all altcoins are the same as you think; there are still cryptocurrencies that are good for daily trade activity, not just Bitcoin. So don't generalize. Because if that's what we always say, it's like you're saying that altcoin is no longer needed in this industry.

Bitcoin dominance might be half of the whole cryptocurrencies capitalization but the other half is just as important as bitcoin when it comes to trading. We know for a fact that bitcoin started it all, but altcoin makes the market more interesting, imagine if we cryptocurrencies are composed of just 5 crypto, there won't be any trading activity if that would happen, there will be just a faction where you need to choose which side of cryptocurrency are you in.

Remember that without altcoins, the popularity of Bitcoin will not increase, so if you say that there is a risk, Bitcoin also has a risk. Just like Ethereum, when it started, the price in the market was low, but as time went on, it also increased, like Bitcoin, so that means there are other altcoins that can give us profit, and they are also proven and tested, like Bitcoin.

Trading altcoins is much interesting on my end, bitcoin is for holder, big whales who can accumulate bits and whole of bitcoin, not for traders like us. With the price of bitcoin, there are things may come unexpectedly, well if you got a luck then trading bitcoin might work for you.

[GiftedMAN]

Nice advice but just as they always say that, one man’s food is another man’s poison and that’s same thing with cryptocurrency and the fact that bitcoin is favorable to you, doesn’t make it favorable for others and I’ve seen stories of people lamenting how they lost everything to bitcoin and it will be very difficult to convince such persons to stick to bitcoin especially if they’re struggling to put their lives together.
Bitcoin remains the king but I’ve also seen people who give all the credits to altcoins because they got their lives stabilized from trading altcoins and what truly and really matters in the cryptocurrency industry is that you’re making profits irrespective of the coins you’re holding or trading.

For us to make good profits in trading, we need to trade different pairs because there are some pairs that can give us good profits in the market not just trading any pair that we see or like. Crypto trading has it own challenges and we need to be prepared for it or else we might not be getting results from what we do. There are different coins that are paired to Bitcoin and we have to choose from random projects we want to trades not majorly paired to Bitcoin but any good coin that will yield good profits for us especially coins that has good liquidity and moves well.

[usekevin]

Like the business skills,the trading also requires the life time experience and skills to the trading.If you start to inverse in the bitcoin.So you no need to analysis the market regularly,just check the price flow of the bitcoin for two days once.The new trader can use the bitcoin for their investment,because the bitcoin was the risk free coin in the cryptocurrency market.The bitcoin will give us bth the security for the life time and profit with a specific period of time.The bitcoin was the mostly accepted coin in the gambling by many gambling sites.

[goinmerry]

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?

It's not about bitcoin or altcoin obeys the market structure you are talking but trading requires experience to somehow have a good result. Even long-time traders today are still losing therefore just try to keep up with the market volatility as possible as you can.

There are lots of altcoin traders who already made a good profit from altcoin trading. If they can, you can also have the same result.

In the meantime, since you do feel not comfortable with altcoin trading, it's good to stay away from it. Until such time that you are ready to take your trading career into an advanced stage, you can now do altcoin trading while doing bitcoin trading at the same time.

[Xampeuu]

For short-term trading, using Bitcoin will be safer, because it has the largest market cap, minimizing manipulation. and of course we can carry out strategies using technical analysis well. On the other hand, if we trade short-term using new altcoins, of course dizzying movements will occur, considering how vulnerable they are to manipulation. especially if you use bitcoin for long-term trading, it will certainly be easier to do it

[Fuso.hp]

Everyone has a personal favorite coin to trade in which coins they prefer to trade. Just as you find Bitcoin to be the safest currency to trade, there are many traders who trade in some ALT coins. Trading in Bitcoin and trading ALT Coin with the same amount of money is slightly more profitable in ALT Coin than Bitcoin but investing in ALT Coin is somewhat risky.  I always prefer to invest in coins that have relatively low returns but keep my money safe so Bitcoin is my first choice. Bitcoin is one of the most secure digital currencies among all the coins in cryptocurrency, so if you invest or trade Bitcoin, the profit may be less but the money will be safe.

[wajik-tempe]

Bitcoin is better than all the other coins available in the market, but recently the volatile nature of Bitcoin is decreasing. So trading Bitcoin has become harder for people who trade for short-term. In the future the volatility will become less and less and the only way to earn profit from Bitcoin will be by Hodling.
Alt coins does not always follow the market structure. But who has been in this alt market for a long time, they can easily predict what's coming. But that's not 100% accurate. That's just how the market works. If a person makes a loss the other person will make a profit. Alt coins market moves based on trend and hype all the sentiment attached to Bitcoin market. So if one can analyze the market based on that then they can obviously make profit from alt market.
If you were holding for a long-term then Bitcoin is the best choice no doubt. But if you are trading, you need to find different assets that you can trade on. Bitcoin is becoming less and less effective for trading and one day the market will become stable for sure. So it is good practice to learn how to trade other coins so that you can be prepared for the future.

Each coin has distinct characteristics, use cases, and communities that drive its value and impact its market behavior. So, while Bitcoin remains a great option, keeping an open mind about other coins may add an intriguing dimension to your trading adventure and maybe enhance your profits. And, as the crypto field evolves, it's critical to be aware and adapt to the shifting scene.