Quote from: ladner on August 13, 2018, 09:18:33 PM

Quote from: imadmirer on June 26, 2018, 09:43:15 AM

I was looking at the possibility of investing in several Altcoins as part of my trading by 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.

It is true I am talking in terms of a short term gain. BTC is certainly a long term investment but what about the short term gains? As an example, even if I invest in 1000 coins of IOTA or 10000 coins of NEM, I am assured of greater volatility in the market for these coins compared to that of BTC. 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.

Of course, trading does involve many other practical factors which make things not as simply as I write here. But being a pro I can simplify the complexity and say that it is certainly possible to make it so.

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.

After all it is important we make money on a regular basis apart from the long term investment isnt it so?

At the moment I only trade bitcoin and bitcoin, you can see that bitcoin prices are fluctuating continuously and are falling sharply recently and this has led to altcoin prices are dropping sharply. Therefore, I believe that this time you should only trade bitcoin to be profitable with the least risk possible.

trading bitcoin can be one of the best ways to get profit when prices are low. but believe it all has risks and if the risk can be carried out properly then profit will side with us.