Hi Buddy, I'm not really good at trading but I can give you some advice. Buying these Altcoins will put you in big risk, we can say that ofcourse they might get you big profit but it's not also impossible that the opposite one happens. Holding these Altcoins is just like holding Bitcoin, I can tell that because their prices are both volatile but it is still much relieving if you Hold Bitcoin for short terms or even Long terms than Altcoins
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@fillippone was right.
By the way do you mean "by" in that "buy"? I get confused at the first time I read it, but I get it now.
If NEM makes a high on a particular day even by 0.05$ USD, I would make 0.05x10000 = 500$ USD in a day if I sell all my coins at that price.
0.05x10000 = 500$ USD - Investment cost.
But will this not be a way to make decent income every day? When you invest in cryptocurrency, it is a need for one to continually observe the market trends. When one is able to understand the intricacies of the market then it is better that he takes up (day) trading.
It is true, its really important to keep updated mostly in the price. Because you might missed the time when it's price hits the top and you've just figured it out when it goes back to the ground.
After all it is important we make money on a regular basis apart from the long term investment isnt it so?
Couldn't agree more.
But OP, I'm just telling you, and it is still up to your choice if you want to proceed. It's just really risky in my thoughts
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I was looking at the possibility of investing in several Altcoins as part of my trading buy selling off Bitcoins. I do feel that with proper planning and execution, the profits that could be reaped through these Altcoins by day trading in a week would be far superior to that of Bitcoin.
@fillippone was right.
By the way do you mean "by" in that "buy"? I get confused at the first time I read it, but I get it now.
Quote
If NEM makes a high on a particular day even by 0.05$ USD, I would make 0.05x10000 = 500$ USD in a day if I sell all my coins at that price.
0.05x10000 = 500$ USD - Investment cost.
Quote
But will this not be a way to make decent income every day? When you invest in cryptocurrency, it is a need for one to continually observe the market trends. When one is able to understand the intricacies of the market then it is better that he takes up (day) trading.
It is true, its really important to keep updated mostly in the price. Because you might missed the time when it's price hits the top and you've just figured it out when it goes back to the ground.
Quote
After all it is important we make money on a regular basis apart from the long term investment isnt it so?
~snip
You might be having a good time for now but holding cryptocurrencies is like a battle, sometimes you have to lose no matter how good you tried. But I'm glad for you having no trouble about it, well if you feel that you won't lose, then just keep it up.But OP, I'm just telling you, and it is still up to your choice if you want to proceed. It's just really risky in my thoughts