Post
Topic
Board Trading Discussion
Re: Will you trade Bitcoin to buy Altcoins?
by
fillippone
on 12/07/2018, 14:18:07 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
I completely disagree with you. If she is new or very experienced, it has nothing to do with bitcoin or altcoin. What he should do is study fundamental and technical analysis. If you say bitcoin is an alternative for beginner traders, you are very wrong. He will not develop. Although hodl throughout the year it is useless. I think if you are an experienced trader you already know this.
I am not English mothertongue, but I read several time your reply and I couldn't get the meaning of it.
Altcoins are 99% scam, so no point in learning fundamentals of altcoins (if any) or  draw channels, MACD or RSI when they are trading only on pump and dumps or in an high beta versus Bitcoin (Bitcoin dominance flucutuation implies altcoin beta (CAPM beta) being >1).
My two cents,
F1