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

[MaxLevCoin]

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.

I follow a similar approach prioritizing long term bitcoin accumulation while occasionally trading. BTC's scarcity and increasing adoption make it a solid store of value. I also use platforms like binance for trades but focus mainly on long term growth rather than short term market swings. Altcoins can tempting but bitcoin remains my primary asset.

[Tom Ronald]

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.

Trading Bitcoin is less risky compared to altcoins but it doesn’t guarantee much gain unless you decide to hold. If you are good enough, altcoins are more profitable trading wise due to the price fluctuations. You can also diversify your portfolio, use the first half for BTC investment and the other for alts trading.

[Y3shot]

Bitcoin trading is good but you may have to wait a little while before making profit. I make money in altcoins trading than bitcoin because of the volatility. I prefer to hold bitcoin or do swing trading with it as it gives me rest of mind than altcoins that I prefer to scalp or day trade with.

Know that trading is very risky. Use the money that you can afford to lose to trade.

Bitcoin is better for trading and it is the time of making profit from Bitcoin that makes some trader to consider altcoins for training believing it can give quick profit, but altcoins are very risky and some traders picks the wrong ones for trading. Using bitcoin for trading can be delaying but it is worth using for trading because it is more reliable for trading . Trading is very risky and since altcoins are very risky for trading I prefer to trade with bitcoin.

[Donneski]

For newbies in trading, Bitcoin is the safest coin to trade with because it offers little risk management but the truth is that you're not likely to make much profits trading Bitcoin because it it's lower volatility which means that the changes in prize of Bitcoin doesn't significantly rise or fall. But if you're a trader that wants to make enough gain gain, I think it's better to trade in altcoins but before you do that, you just how to make sure you understand the altcoins market very well so you don't lose all your trading capital. As you can make staggering profits in altcoins, so can suffer awful losses. Personally, I make long term investments in Bitcoin but makes my daily trades in altcoins

[AmaGold70]

Trading Bitcoin alone is really worth it if you want to experience peace of mind, and if you want to be on the safe side. It is good to try other coins though but that should be if you are fully ready for the outcome, if you are a newbie in trading I suggest you stick with Bitcoin alone, sticking to it alone will even make you more focused and discover the things you didn't know about Bitcoin.

[nullama]

For newbies in trading, Bitcoin is the safest coin to trade with because it offers little risk management but the truth is that you're not likely to make much profits trading Bitcoin because it it's lower volatility which means that the changes in prize of Bitcoin doesn't significantly rise or fall. But if you're a trader that wants to make enough gain gain, I think it's better to trade in altcoins but before you do that, you just how to make sure you understand the altcoins market very well so you don't lose all your trading capital. As you can make staggering profits in altcoins, so can suffer awful losses. Personally, I make long term investments in Bitcoin but makes my daily trades in altcoins

Yeah, it can be safer to trade with Bitcoin.

Having said that, many people have lost all of their money betting against the price of Bitcoin.

It really depends on the type of trade that you are doing.

In the end, just holding is the safest.

That's literally the origin story of HODL 

[Gladitorcomeback]

Trading Bitcoin alone is really worth it if you want to experience peace of mind, and if you want to be on the safe side. It is good to try other coins though but that should be if you are fully ready for the outcome, if you are a newbie in trading I suggest you stick with Bitcoin alone, sticking to it alone will even make you more focused and discover the things you didn't know about Bitcoin.

For investments, especially long-term ones, people will always choose Bitcoin over altcoin cryptocurrencies because it has more trust among traders and it has a proven track record of recovering its price even after heavy falls, as we have seen in the past. In the last cycle, Bitcoin dropped to $16k or something, and many people were saying it's over for Bitcoin and it's going to zero from here. It was the time when Terra Luna had that incident and crash when UST lost its peg and LUNA almost rug-pulled.

The moral of the story is, that Bitcoin is suitable for the long-term and that is why people trade Bitcoin more often if they are thinking long-term. When it comes to altcoins, they are used for short-term trading, only to get small percentage of profits here and there, especially in futures where people use leverages with small amounts to get profits, even though it's risky and not recommended for newbies.

[Pablo-wood]

Trading Bitcoin alone is really worth it if you want to experience peace of mind, and if you want to be on the safe side. It is good to try other coins though but that should be if you are fully ready for the outcome, if you are a newbie in trading I suggest you stick with Bitcoin alone, sticking to it alone will even make you more focused and discover the things you didn't know about Bitcoin.

No asset guarantees peace of mind when it comes to future or spot trading. The volatility of this assets makes it even more difficult to place a trade with your two eyes closed. As a trader it's best to pay attention to price set ups. Except the goal is long-term then Bitcoin remiains the optimum and most reliable digital asset.

For a long term dive I will go all in for Bitcoin because it has a proven record of good ROI and has been the most invested digital asset with over $31.515B trading volume per 24 hours. But on a short term goal or simply trading on futures I will prefer to go for an asset with the best setup. I rather follow a direction that is completely clear than get stucked simply because the asset has a big  name.

[FortuneFollower]

Yeah, it can be safer to trade with Bitcoin.

Having said that, many people have lost all of their money betting against the price of Bitcoin.

It really depends on the type of trade that you are doing.

In the end, just holding is the safest.

That's literally the origin story of HODL 

It's as old as the space itself, yet it still rhymes with the problems some face due to them gambling or speculating on the price.
 

[Baki202]

Bitcoin is better for trading and it is the time of making profit from Bitcoin that makes some trader to consider altcoins for training believing it can give quick profit, but altcoins are very risky and some traders picks the wrong ones for trading. Using bitcoin for trading can be delaying but it is worth using for trading because it is more reliable for trading . Trading is very risky and since altcoins are very risky for trading I prefer to trade with bitcoin.

Traders don't only trade bitcoin they actually trade Bitcoin, and it's a matter of choice if they want to focus on Bitcoin because the market keeps expanding in different directions. If you look at cryptocurrency, it is very wild. Hence, there are a lot of things to trade. You can either deal with NFT or even altcoin or meme the aspect you choose to trade depends on how you want to do your thing. If there is capacity for everything, then it is actually a very good sign that the individual is a lover of crypto, and aside from trading and the rest, you can share your ideas for other people to learn from. This is one of the most important things to do. When you know something, sharing what you have already learned is always a very good idea.

[Slimzeee]

Bitcoin will always be a benchmark due to its dominance as you’ve rightly said
Bur With my experience with traders, I believe it’s more of a personality thing or their most preferred method of trading. In my understanding, there are mainly two forms of trading: holding and scalping.
As a trader, considering the price of Bitcoin and how much you need to buy 1 volume in hard currency  and relating that amount to the volume you can acquire with other altcoins. Traders who prefer scalping tend to deal more with altcoins, while those who prefer holding for a longer period are more likely to trade Bitcoin. And as you have rightly said, Alte coins are more of high risk and high reward so many traders will surely consider it since its all in for making money.

[nullama]

Bitcoin will always be a benchmark due to its dominance as you’ve rightly said
Bur With my experience with traders, I believe it’s more of a personality thing or their most preferred method of trading. In my understanding, there are mainly two forms of trading: holding and scalping.
As a trader, considering the price of Bitcoin and how much you need to buy 1 volume in hard currency  and relating that amount to the volume you can acquire with other altcoins. Traders who prefer scalping tend to deal more with altcoins, while those who prefer holding for a longer period are more likely to trade Bitcoin. And as you have rightly said, Alte coins are more of high risk and high reward so many traders will surely consider it since its all in for making money.

The thing is that when you are trading, there are many hidden costs like the exchange fees per transaction, then also the taxes on every capital gains. Specially since these are short term, so no discounts, like when you wait until one year in some countries for example...

And then all that assumes you actually correctly guesses the price. If you are wrong, you just lose it all.

In the end, if the price continues to go up, it's easier and simpler to just hold it.

[Ever-young]

Trading Bitcoin alone is really worth it if you want to experience peace of mind, and if you want to be on the safe side. It is good to try other coins though but that should be if you are fully ready for the outcome, if you are a newbie in trading I suggest you stick with Bitcoin alone, sticking to it alone will even make you more focused and discover the things you didn't know about Bitcoin.

Getting involve and trading other coins means the person should be ready for anything and accept what ever comes their way, Altcoins are full of surprises we can’t predict how it works and how they move, you might enter the market today and they will use your money for rugpull or you can also be lucky and get big profit out of it and sometimes when the price goes down they never make it up again.

[maydna]

I do not trade Bitcoin only but I also trade altcoin. Both Bitcoin and altcoin give a good chance to profit. You don't have to choose Bitcoin only to trade and leave altcoin like that. If you can select the altcoin, you will have a chance to make a big profit. But if you still want to trade Bitcoin only, that will not be a problem. You can use any exchange you feel comfortable and not just follow what other people suggest. We must research by ourselves to find what we looking for. I used Binance, Bybit and Bitget but I mostly use Binance to trade.

[Slimzeee]

I do not trade Bitcoin only but I also trade altcoin. Both Bitcoin and altcoin give a good chance to profit. You don't have to choose Bitcoin only to trade and leave altcoin like that. If you can select the altcoin, you will have a chance to make a big profit. But if you still want to trade Bitcoin only, that will not be a problem. You can use any exchange you feel comfortable and not just follow what other people suggest. We must research by ourselves to find what we looking for. I used Binance, Bybit and Bitget but I mostly use Binance to trade.

Well explained, Alcoins offer significant gains both in long and short term and shouldn’t just be ignored.
While i understand that trading is a personal race and one always ought to do his/her own research, i simply want to ask what  holds significant profit rate if well managed. You are part of my research because i intend to go into trading in due course.

[WatChe]

Bitcoin is better for trading and it is the time of making profit from Bitcoin that makes some trader to consider altcoins for training believing it can give quick profit, but altcoins are very risky and some traders picks the wrong ones for trading. Using bitcoin for trading can be delaying but it is worth using for trading because it is more reliable for trading . Trading is very risky and since altcoins are very risky for trading I prefer to trade with bitcoin.

There is no comparison between Bitcoin and ALTs, later one have risk associated with them. Bitcoin is now almost 15 years old and we can see that investing in Bitcoin for longer duration is not only profitable but also risk free. The whole market circulate around Bitcoin and it's price decides whether market will go up or down. That's why it's better to invest only in bitcoin that rules the market rather then splitting the capital for alts whose price is linked with Bitcoin. 

[avp2306]

I do not trade Bitcoin only but I also trade altcoin. Both Bitcoin and altcoin give a good chance to profit. You don't have to choose Bitcoin only to trade and leave altcoin like that. If you can select the altcoin, you will have a chance to make a big profit. But if you still want to trade Bitcoin only, that will not be a problem. You can use any exchange you feel comfortable and not just follow what other people suggest. We must research by ourselves to find what we looking for. I used Binance, Bybit and Bitget but I mostly use Binance to trade.

They provably not gonna earn some good result if they trade their Bitcoin since this is more ideal for holding. Only trade those shitcoin but never hold it since the volatility is fast and chances for recovery is so low that's why there's so many people got drained for bad trades they made.

But still I'm not comfortable dealing with altcoin even if there's a chance to gain huge profit with it, since chance to experience rug pull is high that's why if I receive some alts I jus trade it immediately and don't even think about buying it again. But people could try this since maybe they can learn something from their trades.

[Awaklara]

There is no comparison between Bitcoin and ALTs, later one have risk associated with them. Bitcoin is now almost 15 years old and we can see that investing in Bitcoin for longer duration is not only profitable but also risk free. The whole market circulate around Bitcoin and it's price decides whether market will go up or down. That's why it's better to invest only in bitcoin that rules the market rather then splitting the capital for alts whose price is linked with Bitcoin. 

From an investor's perspective, of course what you said is true. But from a trader's perspective, altcoins offer something else that increases profits, although of course also increases risks. There are some people who always use Bitcoin for activities they like such as trading or gambling. Maybe some people think it's a shame to use Bitcoin for trading or gambling, because its value will be better for long-term investment. However, some people think otherwise, where using Bitcoin for trading helps them make a profit because they are already familiar with the Bitcoin market.

[Zadicar]

There is no comparison between Bitcoin and ALTs, later one have risk associated with them. Bitcoin is now almost 15 years old and we can see that investing in Bitcoin for longer duration is not only profitable but also risk free. The whole market circulate around Bitcoin and it's price decides whether market will go up or down. That's why it's better to invest only in bitcoin that rules the market rather then splitting the capital for alts whose price is linked with Bitcoin.  

From an investor's perspective, of course what you said is true. But from a trader's perspective, altcoins offer something else that increases profits, although of course also increases risks. There are some people who always use Bitcoin for activities they like such as trading or gambling. Maybe some people think it's a shame to use Bitcoin for trading or gambling, because its value will be better for long-term investment. However, some people think otherwise, where using Bitcoin for trading helps them make a profit because they are already familiar with the Bitcoin market.

When it  comes to percentage gains then we do really know that altcoins give out that much bigger swings when it comes to price movements on which this is why they are really that a fan when dealing with altcoins rather than with Bitcoin but actually it doesnt really matter whether Bitcoin or altcoin on which you are really that trading on which the most important thing that you should really be knowing is on how you would really be able to trade up effeciently on which it is already that making up that kind of sustaining about into the actions that dealing up with this volatile space. Is it worth to trading with Bitcoin? Yes of course on which everything will really be that depending on how well you do make out such trades or simply on how you would really be able to play with the movement of prices. Its never been simple on making up some trades because you will be needing up to acquire up such skills on where it isnt really that easy and tons of people do fail up on this one.

[Slimzeee]

Bitcoin is better for trading and it is the time of making profit from Bitcoin that makes some trader to consider altcoins for training believing it can give quick profit, but altcoins are very risky and some traders picks the wrong ones for trading. Using bitcoin for trading can be delaying but it is worth using for trading because it is more reliable for trading . Trading is very risky and since altcoins are very risky for trading I prefer to trade with bitcoin.

There is no comparison between Bitcoin and ALTs, later one have risk associated with them. Bitcoin is now almost 15 years old and we can see that investing in Bitcoin for longer duration is not only profitable but also risk free. The whole market circulate around Bitcoin and it's price decides whether market will go up or down. That's why it's better to invest only in bitcoin that rules the market rather then splitting the capital for alts whose price is linked with Bitcoin. 

I think this is very useful for people holding coins and not the traders, because you can actually back out of any trading any coin if it doesn’t suit your narrative anymore, in fact scalping the market during rise and fall of ALts might even be more profitable that bitcoin since its quite stable and ALTs has higher fall and rise.
And as regards to being risky, Irrespective of the coins involved, they can all be considered risky cos nothing is guaranteed in the trading market. You can trade wrongly in bitcoin and lose while you can trade smartly on ALTs and cash out. It all boils down to skills at this juncture.