Post
Topic
Board Bitcoin Discussion
Re: What strategy you use to trade bitcoin?
by
Supercrypt
on 27/06/2016, 19:45:38 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.
I don't think that altcoin trading is worse than gambling if you just study first before doing some altcoin trading. Because the possible scenario that will happen is on our hands. I mean if you study and make smart decision it will always result for a good profits. So for me it's up to a person on how he prepared on doing something.
Altcoins don't have a future. I myself was an altcoin trader and it was so tough to get back what I had invested in altcoins and I lost 50% of my investment. It may not be worse than gambling but gambling also gives you a chance to double your earnings but once altcoin's price falls, it never rises.