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Author Topic: Altcoin is for day trading  (Read 4352 times)
Leftneck
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May 10, 2018, 03:54:11 PM
 #261

because altcoin can produce a quick profit without a long-term hold.
but one thing to be aware of, altcoin can also carry enormous risks

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May 10, 2018, 04:03:22 PM
 #262

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

personally i love holding
because a day trading is need more time to watch the charts
but, when i have a lot free time , i will do a day trading  Wink
lucemferrum01
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May 10, 2018, 04:15:30 PM
 #263

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

Yeah that's right, altcoins is suitable for day trading because it can earn profit quickly and you don't need to wait for a long time. But i'm still choose to hold my coin specially bitcoin. Yes, you can earn profit quickly in day trading but not a high profit in holding you can earn a lot more profit.

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Ekosistim
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May 10, 2018, 04:18:53 PM
 #264

maybe you are seeing a bounty hunters dump their rewards token, i think if people really do and invest on some ico, they eventually will hold their altcoin.

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Proc.dev
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May 10, 2018, 04:18:57 PM
 #265

Not all altcoins are suitable for day trading.
But most of them has the price which follows toward the BTC with some delay.
I think that the longer the delay, the greater the benefit for this coins.

jhongzjhong
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May 10, 2018, 04:23:12 PM
 #266

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

Yeah that's right, altcoins is suitable for day trading because it can earn profit quickly and you don't need to wait for a long time. But i'm still choose to hold my coin specially bitcoin. Yes, you can earn profit quickly in day trading but not a high profit in holding you can earn a lot more profit.
Not all altcoins are intended for day trading there are 1-5 altcoins or in top 5 altcoins that having a potential for holding in long-term.
One of these coins is ethereum I strongly believed that this coin is great and have a future like bitcoin. Aside from the bitcoin that the top of my priority I also hold for long-term ethereum. Not all coins are good for day trading, I must prefer in holding a long time in my portfolio.

wave1002012
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May 10, 2018, 04:25:59 PM
 #267

For me, altcoins is really for daily trading. I will just hold my bitcoin as it has the value to hold. But for altcoin like Eth, i will use it to invest in ICO or other project that have potential. Smiley

Im not agree, any kind of crypto can be used either daily or long term depending on the kind of crypto invested because sometimes we need to hold our investment while the market is not favorable to us.
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May 11, 2018, 05:05:12 AM
 #268

because for us by trading in the market we think it's easier to earn our daily profit, because with us very easily in a short time, and also very good we hold in the long term, because we will more and more that we get.
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May 11, 2018, 05:12:07 AM
 #269

Because the price fluctuation can bring very high profit. If you are suitable for daily trading you can choose. But if you don't have trading experience I wouldn't recommend that.
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May 11, 2018, 09:34:01 AM
 #270

for a week, I am trying to do day trading and I think I can make a profit although it's not too big for me. I am trying to buy zrx, bcn, doge, srn, and in the next day, I see that the price is increased so I decide to sell it and waiting for the down of the price. I make a lot of profit from buying and selling zrx because the first time, I get a low price and after I wait a few hours, the price increase higher so my profit is bigger. and after selling my zrx, I am waiting again for a few hours. I did this for more than 3 times and I calculate, my profit is good for me.



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dbstmddhks
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May 11, 2018, 09:51:38 AM
 #271

in my opinion, the best currency pair is BTC and ETH, as there you can get a larger percentage, and these coins are more predictable and proven.
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May 11, 2018, 10:06:16 AM
 #272

For me, altcoins is really for daily trading. I will just hold my bitcoin as it has the value to hold. But for altcoin like Eth, i will use it to invest in ICO or other project that have potential. Smiley

Im not agree, any kind of crypto can be used either daily or long term depending on the kind of crypto invested because sometimes we need to hold our investment while the market is not favorable to us.

One reason why it is worthwhile to hold i see only when you buying at the very bottom, and wait for growth. And if you buy, the price will be 2 months to fall, and then 2 months to grow to your purchase price, then the meaning of such a hold? I prefer daytraining, because you do not have to wait for unknown amount of time
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May 11, 2018, 05:51:46 PM
 #273

in my opinion, the best currency pair is BTC and ETH, as there you can get a larger percentage, and these coins are more predictable and proven.

Yes that is the easy way and there is so much movement with both.

I also prefer USDT to BTC and USDT to ETH. This two will fluctuate most likely and could give a larger profit in just a manner of time.
They are all using that Tether so why not just go with the flow while it is still there. Make profits out of it before they shut it down.  Grin
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May 12, 2018, 04:07:34 PM
 #274

I believe everyone knows what they look for in trading most of the time. Day trading is not recommended for everyone hence I am not trying it now a days as I am able to make good money in long term holding.
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May 12, 2018, 04:14:12 PM
 #275

As practice shows. Day traiding is a bad strategy. the market is very susceptible to manipulation. And you can not guess how to change the price in the near future. it is better to invest in projects in which you believe and wait for growth.
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May 12, 2018, 08:10:28 PM
 #276

Most of altcoins change their value more rapidly and significantly then BTC. That's why it is profitable to use altcoins in day-trading. However someone must observe and investe in several coins at the moment to get profit.
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May 14, 2018, 12:10:14 PM
 #277

I think yes, you can used the alternative coins for a day trading process since it is profitable and there is a huge demands in this type of investments.
You must not expect too much because bitcoin is the best income provider in the industry.
JNR
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May 14, 2018, 12:15:43 PM
 #278

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

no, i think altcoins is good for long term hold, not for day trading
because, most of good altcoins will growing slowly but surely my friend
just my personal opinion  Wink

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May 14, 2018, 12:24:07 PM
 #279

If you have intuition and nose for it, go for daily term.
The whole market is declining, and today I hear that somebody just made 60% off some new KIN coin/token.
Such news makes me wanna go trading daily
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May 14, 2018, 12:30:15 PM
 #280

Hodling is the safest way indeed, but can net in some low profit if the coin loses its position or fame. Day trading can bring in some serious profits but you have to know what are you doing.

And also there is margin trading from what you can profit both ways (coin loses value/gains value).

Hodling is ez, the other options require knowledge, luck and confidence.

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