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

[Peanutswar]

With the market situation of the bitcoin right now with sideways it seems its not ideal to trade or else with high leverage to feel the profit, but if you are a trader there's a lot of opportunity into different coins so you can try other pairs and not just sticking with the bitcoin only. If you are still positive with the bitcoin as you says you are a trader you can see an entry for the next bullrun of the market. Right now I'm just doing a DCA strategy with the bitcoin if this attempts again to break the new ATH and accumulate other coins. Do a short term and long term portfolio to easily track the account progress if you are still profitable or not.

[shield132]

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.

It's definitely worth to consistently trade only Bitcoin because it's the dominant and the strongest, most backed cryptocurrency. Btw it's not necessary to stick with the Bitcoin/USDT pair and recently I've been practising the Bitcoin/Ethereum pair. I've heard from many people that trading with Bitcoin/USDT is not very safe but the safest and most stable option is the Bitcoin/Ethereum pair because Bitcoin is first, Ethereum is second and both of them have a very high market cap and are the most adopted currencies, both of them have steadily been growing, so it's a win if you earn more Ethereum and it's a win if you earn more Bitcoin. You have to focus on increasing the number of Bitcoin or Ethereum during the trade and forget their value in USD because long-term, this is the strategy that will lead you to win.

[atookz]

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.

Many people choose safe trading so many choose BTC. Safe means trading with BTC has certainty because the price tends to rise, when compared to other coins that have high fluctuations and are even difficult to grow, making the risk higher. Even other coins have a less established reputation and adoption so it will be more difficult, although they can generate greater profits but must be prepared to face greater risks too. I am sure many traders prefer security so that they will make BTC the main one, although there are also traders who dare to take risks.

[Pandorak]

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.

Bitcoin is the best choice if your main goal is long-term investment, we know Bitcoin has great potential in the future, many countries are planning to make Bitcoin a reserve asset, but all of this is still a plan, waiting for this good thing to materialize. Even recently, one of the countries in Asia, Malaysia, allowed the payment of zakat using cryptocurrency, especially Bitcoin. Adding to the list of good news in the crypto world.

In addition, there are altcoins that present the potential for greater and faster profits, many traders have tasted the bitter sweet here, trying their luck without estimating the risks, which results in losses, high risk high return, your finances are your responsibility.

[Obab]

Bitcoin stability and domination undoubtedly has made it the main asset of many traders. Especially in the case of varivative trading, the porn of Altcoin really high risk as well as a large type of reward that gives strategic use for a skilled trader. If you want to trading, you can trading on some trusted exchanges, you can save your assets. I’ve transacted on several exchanges including binance and kucoin. Here is futures trade and I do sometimes but most of the time I invest in coins. Because they are very strong in terms of liquidity and security. In these exchanges you can keep your money very easily and there is no fear of losing it and these exchanges will save your half with a lot of security. Brother can do it if you invest here.

[Swapter.io]

A trader doesn't have to trade only BTC, even though its pleasant volatility and profit potential are appealing. Altcoins can also be worth paying attention to. Yes, they don't have the same trust as the well-loved BTC, but their volatility can also be profitable if you plan your approach and conduct analysis. It's riskier than trading BTC, but it can also be a profitable endeavor 

[Cookdata]

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.

Some traders stick to trading Bitcoin because that's where the liquidity of the entire crypto market lies, if you buy Bitcoin today, you will be to sell your Bitcoin without encountering any problem, you can't sell and see the market dump because of that effect but some of th her altcoins can do this because of lack of liquidity in those coins, some can crash with a single stroke of sell button but that doesn't happen in Bitcoin trading, this is why Bitcoin stood out.

You don't even need to used leverage to trade Bitcoin, the lesser you use leverage the better it's for you to make money from crypto. If you are buying and selling coins for instance and you bought when the market wasn't favorable without any leverage, you can hold your coin pending when the price will come back to your buy order but if it's on leverage, you will.ne worried about how your position so you don't get liquidated your money.

[sunsilk]

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.

It's best to use Bitcoin as your last round of trading for which it will be where your profits are going to be stored. So if you're leveraging and trading daily, it's gonna be with stable coins and some other altcoins out there.

You wouldn't want to spend your Bitcoin and risk it all over the market with other good traders. You'll have a bigger chance of losing it there even in the spot.

That's why, HODL your BTC, still trade if you want but use other cryptos for that and that's why we've got various cryptos to choose from the spot.

[ChiBitCTy]

As an advisor I personally don't recommend that anyone do any trading. At least for the VAST majority of people, trading is not something they should be aiming for.  It's hard, complex, and there's certainly no guarantees of anyone being profitable.  I also don't know where people even find the time to trade.  Also, here's the the thing, unless you have a Bloomberg terminal, you are at a major disadvantage and they are VERY expensive.

[Ndabagi01]

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.

Consistently trading one pair is very good as you become better and more familiar with that pair in making decisions and how to take good and profitable trades. Choosing to take trades only on BTC has now further make it less risky and markets not been manipulated to your disadvantage. Those that consistently trade one pair becomes masters of those pairs and win more accurately trades from there than others that just come to trade those pairs from time to time.

Many exchanges have their own way of providing services when it comes to trading and the one with the best fees are more dependent on and mostly used than those with bigger fees and poor services. My choice may not be your choice of exchange and each of them will have their own distinct quality to satisfy us users. Altcoins are a very popular choice for some traders, even with the risk involved in it, they prefer to trade more of the altcoins than trading more reliable coins like bitcoin.

[Saint-loup]

Which platform are you referring too  when you say I mostly choose to trade BTC while leveraging a good derivative platform precisely? It's important to use a platform with low trading fees because it can it can seriously handicap your earnings it can even make you lose money.

[Smartvirus]

Would you rather trade on a commodity you don’t understand just because you would like to extend what commodities you’re having to trade on?

That would be some means to lose and it wouldn’t be because your not an experienced trader but, would be that you are a newbie on trading that commodity and in turn, your practically having to learn to trade again and develop strategies that works.

It’s okay trading only Bitcoin if you’re good at it. In the event that it’s unfavorable, then you could look out for other opportunities.

[betswift]

Which platform are you referring too  when you say I mostly choose to trade BTC while leveraging a good derivative platform precisely? It's important to use a platform with low trading fees because it can it can seriously handicap your earnings it can even make you lose money.

Yeah, in trading, every dime matters, in my opinion.
But, honestly speaking - BTC is better to be hodled.

And there are plenty of options to work with besides it.

[SamReomo]

The volatility in altcoins presents both risks and opportunities.

I agree with you and at the same time I disagree with you. Although, Alt coins are volatile but that volatility doesn't bring any good opportunity for the traders. Only few Alt coins that have been part of market for a long time can be good for traders but still as compared to Bitcoin those Alt coins are still 10x more risky for traders.

[ChiBitCTy]

Stability is not what you want when you're trading.  You want things that are more volatile, that's how you make money trading.  I have to say though, 99.9% of those on this forum should NOT be trading anything, whether that be bitcoin, shitcoins or regular stocks on the world wide markets.  Unless you have a Bloomberg terminal as well, you're set at a major disadvantage.  Just not really worth it.  Be smart, "invest" within your means.

[LogitechMouse]

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

Trading with BTC only is a safe approach when it comes to trading, and you can still make money trading only just Bitcoin.
On the other hand, there are some times where you can't find a good entry on Bitcoin, and the only way for you to find one is through altcoins.

Volatility is the reason why many are making and losing money in trading, and Bitcoin is volatile, but altcoins are much more volatile either hence, trading with altcoins can make you or lose you money. Altcoins offer higher profit potential compared to Bitcoin, but at the same time, it also possess greater risk. I'm not saying that you can't be profitable with Bitcoin already, but altcoins can give you higher profit. Trading with Bitcoin is a safe approach as it's less volatile, and you can still make profits from it. However, you as a trader still needs solid risk management strategy that will help you make consistent profits.

[Orpichukwu]

A trader doesn't have to trade only BTC, even though its pleasant volatility and profit potential are appealing. Altcoins can also be worth paying attention to. Yes, they don't have the same trust as the well-loved BTC, but their volatility can also be profitable if you plan your approach and conduct analysis. It's riskier than trading BTC, but it can also be a profitable endeavor 

It's a matter of choice and what you have been able to master, and you can read and study the chat very well to know when it will be favourable for you to enter. If the trader finds it convincing and conducive to trading only bitcoin, then I don't see any point in convincing them to try something else. The same way that altcoins can be very profitable, that's also how they have a high risk of losing if you don't manage your risk very well.

[AsvXrin]

i trade bitcoin derivatives because they have good leverage and are stable. Altcoins can make big profits but are very risky. Managing risk is important in leveraged trading.

[FortuneFollower]

The volatility in altcoins presents both risks and opportunities.

I agree with you and at the same time I disagree with you. Although, Alt coins are volatile but that volatility doesn't bring any good opportunity for the traders. Only few Alt coins that have been part of market for a long time can be good for traders but still as compared to Bitcoin those Alt coins are still 10x more risky for traders.

Trading BTC is not pointless, but it lacks stability.
Alts are better suited for that matter due to them being more floaty, as you said, and BTC should be hodled all the way.
It's a matter of choice, of course.

[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.