Quote from: richardsNY on November 13, 2016, 12:53:26 AM

Quote from: Zalfrin on November 13, 2016, 12:39:04 AM

Quote from: richardsNY on November 13, 2016, 12:23:32 AM

Quote from: Wolf_Pack on November 12, 2016, 10:50:26 PM

Quote from: ekoice on November 11, 2016, 07:45:12 PM

Holdig your Bitcoin is best but instead, investing it in Altcoins for trading in short term basis is much better because you can gain more profits from Altcoins.

You can make good profits from altcoins only if you choose the right coin at the right time or else its an risky affair, as the life of altcoins is not too long and it can disappear at any time, and if you want to make good profits from it then you cannot afford to miss the pumps and dumps in order to make quick profits.

Choosing the right altcoin is exactly where the main problem is focused at. Nowadays altcoins are being launched in a professional way with great white papers, top notch website, somewhat decent features. These coins mostly get seen by certain people as very interesting projects, while in fact it's nothing more than another scam coin. It's a gamble where you invest your money in. You either end up making great profits, or you'll walk out with a bag full of worthless coins.

There are some altcoins that exists since long time, so if we invest in it then chances of making loss is very less but to make profits from it you need to wait for a long time and its really difficult to trust any newly launch coins as most of them turn out to be scam coins which may disappear suddenly.

Even coins that have been in the market for years require you to have a good amount of luck. If you buy yourself into such an altcoin, then you are hoping for a pump that will bring you into the profits. Hoping that something will happen doesn't have any value. There is no way that you can get a certain indication of what the coin in question will do. It again comes to the point that it's basically a gamble. Risks are simply too high.

Agreed, there is no guarantee that you will be making profits in trading altcoins as risk will always be a part and parcel in trading and even if certain coins are alive since long time doesn't mean that it will bring only profits for you and for me trading is same like gambling where everything is dependent on luck.