Post
Topic
Board Trading Discussion
Re: When do you think is a good time to start trading ?
by
justdimin
on 15/01/2017, 20:03:05 UTC
Cannot be told, I think that trading is good on a low price but right now the bitcoin is very high, with altcoins you can to be honest start already now with some nice investing amount.
As I see it, Bitcoin/Fiat trading is a safer option than Bitcoin/Altcoins trading. But, incredible as it seems, the altcoins are showing a good performance in the market, even with Bitcoin rising in price. I think that as long as you have experience you can make a good profit on the altcoins market, but this is a very unpredictable market.
It is right that bitcoin fiat trading is safe but if someone have knowledge about altcoin and start trade with bitcoin/altcoin then he will earn a higher income from that trade and it is also the chance that he get biggest profit within a day.

Yes bitcoin/altcoin will make more profit than bitcoin/fiat when we buy and sell in right moment,

for this moment i'll try to collect some altcoin with low price than usual, and wait bitcoin stable or down then im sure my altcoin wil going higher and give me more profits. but need to research about future that coin safe or not to hold for long time before start buying.
Trading altcoin for bitcoin might be the right thing to do at the moment since the price of the altcoin is stabilizing and the price of the bitcoin is going higher and it becoming harder to mine, but the altcoin is unpredictable you can’t rely on them.

So, the best thing is to exchange bitcoin to fiat when the price is high and then when the price of the bitcoin goes down you could buy twice as much as you had.