Trade only Bitcoin

[slaman29]

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.

I agree and always say, holding is the best, the least risk, but that's not really trading. It's sort of anti-trading because trading looks to make high turnover, same bankroll recycled many times and compounded while holding is one big "buy at whatever price, sell very high".

Then you also consider what you put into the hold. Is it savings? Is it all savings? Is it DCA?

DCA the lowest risk, savings in Bitcoin to me is still high risk considering security. None of this is trading either.

[jasonjm]

In the crypto market, trading Bitcoin should be the only option because it is established as a currency and has survived the worst time. On the other hand, Altcoins are not a good option and are riskier to trade due to scams and the risk of whipping out from the market. Trade only the established Alts. In Altcoin trading, the chances of a loss are higher compared to Bitcoin.

Before trading, it is important to acquire a related skill set and expertise because it is very risky, and you might end up losing your money. Knowledge about the investment option is also a must. You must be emotionally strong if you are looking for trading. 

[DanWalker]

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.

Gold is also very stable but have you ever tried trading with gold in the forex market? It is even more volatile than what altcoins offer. In trading, volatility will always occur and whether we want to make more or less profit depends on how we set the leverage, the higher the leverage, the higher the risk but the higher the profit will be. When it comes to holding, it is clear that bitcoin is always the top choice because of its safety but when it comes to trading, there is not much difference between bitcoin or altcoins.

[Fivestar4everMVP]

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?

You did not state the type of trading you engage in, whether it be spot or futures/Margin trading, for those two types of trading do have their different techniques and approach, for example, when it comes to trading the futures/Margin market, I surely will agree with you that trading bitcoin is safer, and give the trader a good and better opportunity of winning his or her trades, or most of it, trading altcoins in the futures/margin market is highly risky, as just as you have said, it does not respect the structure.

But when it comes to spot trading, I would say that both bitcoin and altcoin trading can go, as long as the trader will only engage in trading altcoins that are already well known and established, this is just in case the market goes against the trader, the trader can hold the altcoin until the market recovers and then sell it for pyrofit.

[tjtonmoy]

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.

This is what makes those coin risky. In order to get successful you need to take risks in life but when you have other options in your hand, why take that route? Diversifying your investment into both crypto and physical assets is the best idea to make sure is day profitable even if one fails. And the thing about communities. People don't understand it correctly yet but once they face it they will know. The community includes the owner and the creator or other staff member involved into that project. What I am trying to establish here is, it is centralized and those people can control it. That's the main reason I don't like those coins.
Bitcoin on the other hand is known for it being decentralized. And to me, it was also the reason for Bitcoin becoming this successful. So instead of going through that high risk high reward thing, I tend to stay with Bitcoin while investing money into physical assets or businesses. This has proved to be an effective strategy.

[Eternad]

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.

Gold is also very stable but have you ever tried trading with gold in the forex market? It is even more volatile than what altcoins offer. In trading, volatility will always occur and whether we want to make more or less profit depends on how we set the leverage, the higher the leverage, the higher the risk but the higher the profit will be. When it comes to holding, it is clear that bitcoin is always the top choice because of its safety but when it comes to trading, there is not much difference between bitcoin or altcoins.

Leverage doesn’t increase volatility of the token but rather the risk. Volatility is due to the price change of tokens while leverage just multiply your margin so that even small changes on the price will create huge impact on your trade. Technically, leverage increases only your trade size and not the volatility of the token.

Forex trading is a leverage trading which you should compared on futures/leverage trading  on crypto not on spot.

[Best-mary]

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?

Is pleasing to know that even those who trade alts use BTC to have a guideline to know when to trade. What I do mostly is predict price movement the use Sniper Range to short or long if I get it right, it's a double reward for me

[Fara Chan]

In the crypto market, trading Bitcoin should be the only option because it is established as a currency and has survived the worst time. On the other hand, Altcoins are not a good option and are riskier to trade due to scams and the risk of whipping out from the market. Trade only the established Alts. In Altcoin trading, the chances of a loss are higher compared to Bitcoin.

In terms of durability and strength, it is not wrong that there are many traders who want to choose Bitcoin as one of the assets they trade every day. Because Bitcoin is also suitable for investment as well as being suitable for trading, whereas altcoins that are still very young or new are cryptocurrencies that basically do not need to be traded more in the long term and are also not suitable for investing in the long term because there is a possibility that deleted by the exchange. Except only for old altcoins that are already in the top 20 cryptocurrencies, they can still be considered for trading by everyone.

Before trading, it is important to acquire a related skill set and expertise because it is very risky, and you might end up losing your money. Knowledge about the investment option is also a must. You must be emotionally strong if you are looking for trading. 

This is part of the technical work that every trader must have, because without knowledge and expertise everyone will not be able to carry out any trades and will not know the best assets that can be traded for the long term. So this part is also very important to know because the basis of every job is sufficient knowledge and established skills.

[Rupok]

Bitcoin is always better than altcoin investment.  But trading should not depend on only one coin. Those who have good capital to invest should diversify their funds.  Although there are many good altcoins among altcoins such as BNB Ethereum.  The only way to increase your chances of making significant profits is to trade alternative coins that offer better altcoins.  But since Altcoins are very risky, you must be careful with your trades.

[MFahad]

Both bitcoin and altcoins can give profit but if we compare bitcoin with altcoin then bitcoin is more successful than altcoins because disappearing concept is involved in altcoins but not in bitcoin. But in most of the cases you can do trading with altcoins but bitcoin will be suitable for investment more than trading.

If you don't have knowledge then trading with both altcoins and bitcoin will be risky for you and when you are expert trader then your will surely select certain trustworthy altcoins as well as bitcoin. Making concept about market and then using strategies according to market movement is the best solution to earn profit but if you go against market then you are doing a big mistakes which does not suited well in trading.

[Franctoshi]

the biggest mistake of traders is trading alt that most times doesn't obey market structure,

I don't think this is so,  Market structures are obeyed where necessary when it comes to technical analysis, basically when the terms and conditions of doing so are met, so you could rather say that the Altcoin market is more manipulative, volatile than the Bitcoin market in the sense that they are centralized and can be controlled by one entity,  whereas Bitcoin is decentralized and it is not controlled by any entity but by market forces, the supply and demand.

[DanWalker]

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.

Gold is also very stable but have you ever tried trading with gold in the forex market? It is even more volatile than what altcoins offer. In trading, volatility will always occur and whether we want to make more or less profit depends on how we set the leverage, the higher the leverage, the higher the risk but the higher the profit will be. When it comes to holding, it is clear that bitcoin is always the top choice because of its safety but when it comes to trading, there is not much difference between bitcoin or altcoins.

Leverage doesn’t increase volatility of the token but rather the risk. Volatility is due to the price change of tokens while leverage just multiply your margin so that even small changes on the price will create huge impact on your trade. Technically, leverage increases only your trade size and not the volatility of the token.

Forex trading is a leverage trading which you should compared on futures/leverage trading  on crypto not on spot.

I mean, it's not like we're increasing leverage to increase the volatility of bitcoin or tokens. He said that bitcoin has become more stable and it is becoming more difficult to profit from bitcoin. But if he increases the leverage, he will see that trading with bitcoin pairs can also make huge profits although the risks are also very high.

Yes, I'm talking about futures trading, I'm not talking about spot trading. For spot trading, we have thousands of pairs to choose from, I have not seen anyone focusing solely on bitcoin. In spot trading most people will use multiple pairs to offset each other to get better profits.

[Bitcoin_people]

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?

Trading is one of the most profitable business where you can earn good money if you adopt good strategy. And if you are going to grow money then definitely start trading but you must keep in mind that before starting trading you need to learn about trading. And when you get a good education about trading, you can risk entering the market by never entering the market before you do. Be sure to stay away from Altcoins when you are trading for profit, here if you trade there will definitely be risk and fear of losing money. If you trade in Bitcoin here you will not only get profit but also get safety of your money. And if you trade in altcoin then risk for your money and many times the coins turn into scam so you have fear of losing your money. So traders first get good experience about Bitcoin and learn to analyze the market before trading. If you want to trade then definitely start with Bitcoin it will give you security for long time and will give you huge profit.

[rojan]

Bitcoin is always better than altcoin investment.  But trading should not depend on only one coin. Those who have good capital to invest should diversify their funds.  Although there are many good altcoins among altcoins such as BNB Ethereum.  The only way to increase your chances of making significant profits is to trade alternative coins that offer better altcoins.  But since Altcoins are very risky, you must be careful with your trades.

Investing in bitcoin is much safer than investing in altcoin but we don't know that investing in bitcoin will not give you much profit. But to get more profit we can buy some good altcoins including bnb and ethereum. Investing in altcoin has same risk.  Also more profit is available from altcoin. Sometimes we have to take risk, if we take risk, we get something good.

[sulendra12]

Well, if you trade altcoins then the picks are endless and even though you only choose the top coins one and then the feeling is somewhat different than trading with Bitcoin because you indeed know that trading using Bitcoin  for short term or even holding for long-term have a higher chance to get profit. Also every user has their own method to get money with altcoins and Bitcoin.

It is okay to only choose Bitcoin as your investment, no one is going to stop you. You could use the rest of your investment money to invest on different assets instead such as gold.

[Timmzzy]

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?

There are alts out there OP that obeys structure, I have seen few and secondly Bitcoin doesn't go volatile just as most shit coins does, I don't know if you get what am saying though, I don't like trading Bitcoin because of its ROI is not volatile when it comes to movement, it might be best to buy and keep but when it comes to FUTURE TRADING I trade random coins that has clean P.A.

[wxa7115]

Both bitcoin and altcoins can give profit but if we compare bitcoin with altcoin then bitcoin is more successful than altcoins because disappearing concept is involved in altcoins but not in bitcoin. But in most of the cases you can do trading with altcoins but bitcoin will be suitable for investment more than trading.

If you don't have knowledge then trading with both altcoins and bitcoin will be risky for you and when you are expert trader then your will surely select certain trustworthy altcoins as well as bitcoin. Making concept about market and then using strategies according to market movement is the best solution to earn profit but if you go against market then you are doing a big mistakes which does not suited well in trading.

Traders need to begin their journeys by taking baby steps, it is true that a good trader can earn more money by trading altcoins as the volatility of those coins is greater than what you can find in bitcoin right now.

However if the volatility is higher then the opportunities to lose your money are also more plentiful, so traders need to first learn how to trade bitcoin and obtain long term profits with it, then they can move to altcoins like ethereum and BNB, and finally once they can obtain profits with those coins as well then they can try to trade other altcoins with a lower market cap.

[justdimin]

Gold is also very stable but have you ever tried trading with gold in the forex market? It is even more volatile than what altcoins offer. In trading, volatility will always occur and whether we want to make more or less profit depends on how we set the leverage, the higher the leverage, the higher the risk but the higher the profit will be. When it comes to holding, it is clear that bitcoin is always the top choice because of its safety but when it comes to trading, there is not much difference between bitcoin or altcoins.

Leverage doesn’t increase volatility of the token but rather the risk. Volatility is due to the price change of tokens while leverage just multiply your margin so that even small changes on the price will create huge impact on your trade. Technically, leverage increases only your trade size and not the volatility of the token.

Forex trading is a leverage trading which you should compared on futures/leverage trading  on crypto not on spot.

Yeah true, volatility is basically the price going up or down, and in a sense leverage means that smaller ups an downs would be a lot better or worse for you, that is not volatility changing, that is basically enhancing it. So, a small 1% down would suddenly feel like 50% down for you and that matters, or a 2% increase would double your money. As you can see the volatility stays the same, instead of 2% increase means 2% profit, it means 100% profit and that movement matters a lot more to you. The risk taking feature of it means that you are going to risk all of it and that is the logic.

So if you do not have 100k but have 1k, that means when you bet on 100x you risk that 1k as well, if the investment starts at 100k and drops to 99k, then all your 1k is gone and the position is closed, but at the same time 1% increase would mean that its 101k now, and you can sell, and you just doubled your money easily. Sure if you agree to 1% meaning your entire money is gone or double your money whichever direction it goes, the nits a good idea to try it. However, I do not like that type of risk and know that crypto is way volatile to take that kind of risk and the results will not be all that good for me personally.

[passwordnow]

Bitcoin is always better than altcoin investment.  But trading should not depend on only one coin.

As a trader, wherever you're good at with these pairs, you can depend on those. Whether it's only for Bitcoin or any other coin or one coin, just keep what you've started. Some could have been good with USDT pairs and Bitcoin and some are the other type.

Those who have good capital to invest should diversify their funds.  Although there are many good altcoins among altcoins such as BNB Ethereum.

I do agree with what you've said. When we invest, we have to make it happen that if we're only focusing on some altcoins then you better diversify and choose to have Bitcoin as well. But remember that not every diversification is a must.

The only way to increase your chances of making significant profits is to trade alternative coins that offer better altcoins. But since Altcoins are very risky, you must be careful with your trades.

Nah, you can make better profits by just simply holding bitcoin. But since the topic is all about trading, that's the other way around if you have good experience in trading other altcoins.

[Inwestour]

I agree and always say, holding is the best, the least risk, but that's not really trading. It's sort of anti-trading because trading looks to make high turnover, same bankroll recycled many times and compounded while holding is one big "buy at whatever price, sell very high".

Then you also consider what you put into the hold. Is it savings? Is it all savings? Is it DCA?

DCA the lowest risk, savings in Bitcoin to me is still high risk considering security. None of this is trading either.

Trading involves a lot of trading operations, when we will sell and buy Bitcoin, everything else is long-term investment. Sometimes I look at reviews of trading guys and it seems to me that they can really earn something from this, but I am also sure that trading is not for everyone, in any business there are those who can earn money from it and those for whom this activity will be difficult. Bitcoin can be traded like any other asset, but the point is not to trade Bitcoin or other coins, the point is to make money from it.