Post
Topic
Board Trading Discussion
Re: Will you trade Bitcoin to buy Altcoins?
by
Qunetick
on 26/06/2018, 18:25:26 UTC
Unless you are a very experienced trader, I strongly suggest you not to do that.
Altcoins pose substantial risks, even in day trading: subpar exchanges, vulnerabilities of all sorts, poor liquidity that can damage your profits.
Greed is good, but I think you can fulfill it with bitcoin.
My two cents,
F1

Well said mate. It would be possible to gain more profit in altcoins with day trading but it poses such a big risk. Unless you are a very experienced trader, it will be hard for you to grow your profit with altcoins especially in short term. You may sell a portion of your btc for altcoins but try to set aside of it for long term trading.