As a trader, is it worth consistently trading only BTC?

[Freepips]

As a trader i strongly believe Bitcoin offers stability and dominance which is one of the core reasons why most traders stick to trading bitcoin on the other hand altcoins brings high-risk, high-reward opportunities. The volatility in altcoins presents both risks and opportunities. As a trader, navigating uncertainty strategically can lead to high-reward trades, though for me, I mostly choose to trade BTC while leveraging a good derivatives platform. What about you and which exchange did you use in trading, kindly share with us.

BTC is mostly better to buy and hold than to trade.
But for me i have been speculating BTC for sometime now and i have been almost 60% up for about 9 months now. Come to think of it, I still hold BTC and I always on a daily basis speculate it for a sustainable profit.

[_act_]

If you have the skills to earn in trading, why not maximize it by doing alt coins?
Alt-coin fluctuates more than Bitcoin, so other traders take it as an opportunity to gain more, rather than just holding what they bought.

Trading on altcoins are very risky. If you have been trading on altcoins, you need to prepare for massive price increase and decrease. You can see 3 times price increase on an altcoin within just an hour and also see a massive price decrease within an hour. Even those that traded 1x leverage can get liquidated of their trading assets. But there are some less volatile altcoins. I prefer to trade bitcoin because it is less volatile.

[fikrett]

If you have the skills to earn in trading, why not maximize it by doing alt coins?
Alt-coin fluctuates more than Bitcoin, so other traders take it as an opportunity to gain more, rather than just holding what they bought.

Trading on altcoins are very risky. If you have been trading on altcoins, you need to prepare for massive price increase and decrease. You can see 3 times price increase on an altcoin within just an hour and also see a massive price decrease within an hour. Even those that traded 1x leverage can get liquidated of their trading assets. But there are some less volatile altcoins. I prefer to trade bitcoin because it is less volatile.

What about bigger alts?
They tend to be less volatile-ish, however, nobody can see into the future, like it was with SOL and LIBRA token that brought such massive price downward action.

[Lida93]

At this point where we are, bitcoin isn't that profitable for trading as it is when you hodl for the long. It's not as volatile as altcoins are and so the rewards wouldn't be that much due to its stability nature than any other cryptocurrency. Mainly why people trade with bitcoin than altcoins is because of the less risk it has compared to altcoins that can dump at a go leading to massive loss.

Just like other members, bitcoin should be a coin to hodl because it's a coin with the most sustainable value you can think of with any coin, with a wide range of adoption than any altcoin. If you're a trader, there are altcoins you could trade with and making profit based on your trading skills and experience while you hodl some bitcoin.

[john_egbert]

At this point where we are, bitcoin isn't that profitable for trading as it is when you hodl for the long. It's not as volatile as altcoins are and so the rewards wouldn't be that much due to its stability nature than any other cryptocurrency. Mainly why people trade with bitcoin than altcoins is because of the less risk it has compared to altcoins that can dump at a go leading to massive loss.

Just like other members, bitcoin should be a coin to hodl because it's a coin with the most sustainable value you can think of with any coin, with a wide range of adoption than any altcoin. If you're a trader, there are altcoins you could trade with and making profit based on your trading skills and experience while you hodl some bitcoin.

Hodling is just where the potential lies.
Because we know for a fact what lies ahead of BTC.

[Bitcoinpoly]

Before getting to to trade a coin, if you want to be successful you have to be indebted to first understand the coins potentials and market cap.
Getting into every listed coins in the exchange can be so risky for traders instead you just need to adopt few coins, get used to their community users and rest up on them so you don't go buy coins that will not be in need when reselling.
The dominance of bitcoin in adoptions has made it confidentially a coin that every traders find profitable because it has come to stay with no going extinction and there are being demands and supplies on regular basis in the market cap.

I'm not sure i can just get into any listed coin without having a proper analysis done, i fear market manipulation alot. Although some exchanges tools helps to prevent market manipulation though you still need to get your due deligence done. The dual-price mechanism feature on BingX can help you avoid unfair price liquidation.

[Emmanuel_Pounds]

As a trader i strongly believe Bitcoin offers stability and dominance which is one of the core reasons why most traders stick to trading bitcoin on the other hand altcoins brings high-risk, high-reward opportunities. The volatility in altcoins presents both risks and opportunities. As a trader, navigating uncertainty strategically can lead to high-reward trades, though for me, I mostly choose to trade BTC while leveraging a good derivatives platform. What about you and which exchange did you use in trading, kindly share with us.

Focusing on Bitcoin as a trader isn't bad because it can not be easily manipulated, but the slow movement might be quite discouraging sometimes except you're a swing trader. Irrespective, trading altcoin is not a bad idea because I do more of altcoin trading. And, if I must say, they give higher reward. The truth is, it depends on your trading strategy, greed level and your selected pairs. I have a quite number of good altcoin that I trade with less or no manipulation. Also, due delegence, chart analysis strength and strong fundamentals can keep one ahead of any altcoin, wether newly listed or not, ones win can be 80-90% guaranteed.

[Cryptohygenic]

Before getting to to trade a coin, if you want to be successful you have to be indebted to first understand the coins potentials and market cap.
Getting into every listed coins in the exchange can be so risky for traders instead you just need to adopt few coins, get used to their community users and rest up on them so you don't go buy coins that will not be in need when reselling.
The dominance of bitcoin in adoptions has made it confidentially a coin that every traders find profitable because it has come to stay with no going extinction and there are being demands and supplies on regular basis in the market cap.

I'm not sure i can just get into any listed coin without having a proper analysis done, i fear market manipulation alot. Although some exchanges tools helps to prevent market manipulation though you still need to get your due deligence done. The dual-price mechanism feature on BingX can help you avoid unfair price liquidation

The set of risks in trading unverified coins based on your own market research is an inexperienced and risky which may turn out nightmare to you.
You first need the coins values and market liquidation in  discovering it strength and weakness, then you Will know the level to rate the coin before getting to it
Market manipulations can not be deniable because it is simply the complexity of cryptocurrencies which can be drived by news trends and investors sentiments.

[Botnake]

As a trader i strongly believe Bitcoin offers stability and dominance which is one of the core reasons why most traders stick to trading bitcoin on the other hand altcoins brings high-risk, high-reward opportunities. The volatility in altcoins presents both risks and opportunities. As a trader, navigating uncertainty strategically can lead to high-reward trades, though for me, I mostly choose to trade BTC while leveraging a good derivatives platform. What about you and which exchange did you use in trading, kindly share with us.

Honestly, trading with bitcoin or altcoins, that depends on the individual trader's preferences. Bitcoin can be a good and reliable one, but let's accept the fact that not all those who trade using bitcoin end up profitable. Some find altcoins more profitable than bitcoin, despite of the high risk involved. So to answer if bitcoin is worth for a consistent trading, that depends on individual various preferences in trading. Some may prioritize using bitcoin, some may not.

[Stalker22]

Don't trade with BTC.
Just buy it and hodl it.
Invest, - be smart.

This guy said it already. Never use your Bitcoins for trading but we can't stop people from doing it and are eager to spend and risk their BTCs to the market. If they don't have any other means to trade and their BTC capital is all that they have, I'd tell them to stop and try to save first with another spare money if they want to hustle with the market. The times are coming and it's going to be harder to acquire BTC from time to time and these experiences might be worth it per se but it's more worth it to just watch the market do its own thing while you do yours and that's to do nothing but hold.

You are right about one thing: trading is risky. You are also right that saving up other money first is way smarter. Thats good advice. But I think I would ignore the "just hold" part if I want to learn about trading, but its a big risk.  And trying to get money from trading with only bitcoins is really a bad idea.  If you don't really know what you're doing, trading Bitcoin is basically gambling. You could lose it all. And yeah, Bitcoin might get harder to get, but that doesnt mean you should risk what you have.

[Yamifoud]

As a trader i strongly believe Bitcoin offers stability and dominance which is one of the core reasons why most traders stick to trading bitcoin on the other hand altcoins brings high-risk, high-reward opportunities. The volatility in altcoins presents both risks and opportunities. As a trader, navigating uncertainty strategically can lead to high-reward trades, though for me, I mostly choose to trade BTC while leveraging a good derivatives platform.

I started trading using the BTC/USDT trading pair, and it went so well. Of course, we don't just stay there, so I try using altcoins to know how things work and if it is more profitable. Unfortunately, things never work so well, and as expected, losses happen as I fall into hype projects.Trading is about exploring the market to find out which one works for us. But based on my experience, it's better to trust known and old coins for a safe trade rather than trading new coins, which most likely ends in losing due to scam issues.

What about you and which exchange did you use in trading, kindly share with us.

Use reputable trading platforms...

[Churchillvv]

I'm not a trader but I definitely buy bitcoin at very opportunity which makes me feel little closer to trading because sometimes I just grab the opportunity in the market and make some little stash out of it and just use it for some self fulfilment however it's good to trade bitcoin more than shitcoins even though those altcoins gives higher rewards bitcoin gives higher chance of survival in the market because it's not a pump and dump scheme and it has low volatility compared to altcoins.

[GbitG]

.....

Hmmm, well as far as I understand that trading strategy in Bitcoin is not as profitable as compared to the HODL strategy. The best way to make a profit in Bitcoin is long-term holding. Despite Altcoin being better for day trading due to its volatility. Because often Altcoins have a pump dump, which is actually a better option to trade. It is true that there is more risk in Altcoin due to extreme volatility and that's why I believe that form my own experience, using altcoins just for day trading is the best and wisest act. Altcoin have not that worthy to hold for long term due to its risk. There is only one best option for Hodl and that is Bitcoin, which can actually organize long-term profit with good margins. For day trading, Altcoins are the best way…

[ejikeme24]

As a trader i strongly believe Bitcoin offers stability and dominance which is one of the core reasons why most traders stick to trading bitcoin on the other hand altcoins brings high-risk, high-reward opportunities. The volatility in altcoins presents both risks and opportunities. As a trader, navigating uncertainty strategically can lead to high-reward trades, though for me, I mostly choose to trade BTC while leveraging a good derivatives platform. What about you and which exchange did you use in trading, kindly share with us.

Actually you and I know about the risk that is involved in trading, moreover trading consistently only in bitcoin may not even be the best option. So far as trading has a high level of risk, so i will rather invest in bitcoin and continue doing the HODL I wouldn't mind how long it will take before I can get profited from my investment. I will just stick to it instead of trading bitcoin, so as to avoid panicking maybe when my expectations didn't work out for me.

[Bd officer]

What about you and which exchange did you use in trading, kindly share with us.

Altcoins are risky so many traders trade with trusted currencies like Bitcoin. Now those who are professional traders and can analyze well earn huge profits by trading in altcoins. As the risk is high in altcoins, but again in altcoins high profits can be expected. Bitcoin, on the other hand, has lower risk even though the potential for profit is lower. Now trading is risky, so I don't like to trade, although sometimes I trade with currencies like BTC and Ethereum. Now a few hours ago I heard the news of ByBit Exchange being hacked and don't like to trade for that too. But I have been using Kucoin Exchange for a long time.

[Ziskinberg]

I mostly choose to trade BTC while leveraging a good derivatives platform. What about you and which exchange did you use in trading, kindly share with us.

Certainly trading with BTC is the safest option. Trading with alts, especially some bump/dump shitcoins, very easily fills the bag with worthless numbers of some promising projects.

If you aim for a bigger trading potential outcome, bitcoin is the most proven and guaranteed coin that will serve its purpose. However, trading with altcoins may sometimes turn out good, but most of the time losses are waiting ahead. So if you are trading with your hard-earned money, why chose with the highly risky coins, when you can trade with bitcoin that can likely give you positive outcome and high profit potentials.

[batang_bitcoin]

Don't trade with BTC.
Just buy it and hodl it.
Invest, - be smart.

This guy said it already. Never use your Bitcoins for trading but we can't stop people from doing it and are eager to spend and risk their BTCs to the market. If they don't have any other means to trade and their BTC capital is all that they have, I'd tell them to stop and try to save first with another spare money if they want to hustle with the market. The times are coming and it's going to be harder to acquire BTC from time to time and these experiences might be worth it per se but it's more worth it to just watch the market do its own thing while you do yours and that's to do nothing but hold.

You are right about one thing: trading is risky. You are also right that saving up other money first is way smarter. Thats good advice. But I think I would ignore the "just hold" part if I want to learn about trading, but its a big risk.  And trying to get money from trading with only bitcoins is really a bad idea.  If you don't really know what you're doing, trading Bitcoin is basically gambling. You could lose it all. And yeah, Bitcoin might get harder to get, but that doesnt mean you should risk what you have.

Trading and holding contains both risk but if you want to choose the lesser one, holding is the choose. I agree that if you don't know what you're doing, you're doing it wrongly and might as well just avoid trading and accumulate through DCA. Going ahead and choosing what's best to accumulate more will define of what kind of risk taker you are. No stops anybody if they want to show up and choose trading but the brutality of the market will make you choose the safer option.

[mirakal]

What about you and which exchange did you use in trading, kindly share with us.

Altcoins are risky so many traders trade with trusted currencies like Bitcoin. Now those who are professional traders and can analyze well earn huge profits by trading in altcoins. As the risk is high in altcoins, but again in altcoins high profits can be expected. Bitcoin, on the other hand, has lower risk even though the potential for profit is lower. Now trading is risky, so I don't like to trade, although sometimes I trade with currencies like BTC and Ethereum. Now a few hours ago I heard the news of ByBit Exchange being hacked and don't like to trade for that too. But I have been using Kucoin Exchange for a long time.

Well, I tried using altcoins because my friend suggested it. Unfortunately, it never works for me which is why I turned back to using bitcoin. I think no single strategy will work for everyone, even for your friends. What happened to me seems to be a valid reason why we should trade on our preferred trading pairs, whether they are BTC or altcoins.

Honestly speaking, trading is all about how we work on our trade and the custom strategies we use. Altcoins never work on me, maybe because I don't have trust and a deep understanding of their trends. It will be a different story, which also has different results.

[Zanab247]

I guess you know that trading BTC or altcoin is by choice, and you can't force people to trade what they don't like to trade in the market because if you force them to trade altcoins to experience profits, it will make them to believe that altcoin is more profitable than BTC which is not true, just that they have not try BTC trading to know how profitable it is to traders.

Those that have the idea of BTC and altcoin, they will prefer to buy BTC when it is time to buy and hodl to trade in the bull run to earn profit that will make them to be focus only on BTC,  but if you want to invest in BTC and altcoin, you can go ahead and invest on them, but make sure you invest little on altcoin because altcoins can misbehave sometimes to cause their investors to experience losses.

[Muba20]

In terms of trading, I am definitely more interested in using altcoins instead of Bitcoin. Because it can give rewards with risk and there is a possibility of getting big rewards in the short term. But in the case of Bitcoin, a trader has to invest a lot and take big risks. Good results can be obtained from here too, but in the case of short term trader it is difficult, long-term investment has more advantages. That is why, if an investor invests for a long term, he will get better rewards from Bitcoin. But the possibility of losing in the short term is high. As a trader, I want to give more priority to altcoins. As a holder, I definitely give importance to Bitcoin holding. Especially for long-term investments, I think Bitcoin is the best investment platform.