Post
Topic
Board Bitcoin Discussion
Re: What strategy you use to trade bitcoin?
by
upsidedown75
on 26/06/2016, 20:07:23 UTC
What strategy you use to trade bitcoin?

Trade bitcoin with an altcoin that have a potential to rise. Let say like doge, way back in 2014, buy doge, i convert my btc into doge, and now, doge is now succesful. Just like that.

Buy the Altcoins when they are low at prices and sell them at high prices for bitcoins. This is the simple strategy  which can be used to trade the bitcoins with altcoins.
No, no don't focus on altcoin and if you are a newbie then you should stay away. From my experience I can tell you it is worse than gambling. Focus purely on bitcoin.
Bitcoin market is big enough to see a patterns, and and it can't be manipulated by 1 whale like it is happening all the time with low market cap altcoins.
Altcoins are good and not all altcoins lose in the long run. They may not be as good as bitcoins but it's definitely better than gambling. We have seen ETH and LTC losing but check the Waves currency that's the best altcoin currently. The best thing about altcoins is that it's easy to trade them and they are very cheap compared to BTC.