Hello everyone. So recently I've been trading bitcoin for alt coins as I find that alt coins are far more volatile due to lower volume compared to Bitcoin and thus more profitable when it comes to day trading. Any great alt coins I should be looking into for trading? I'd like to hear your opinion on this method of trading!
We all know, from "far" it sounds profitable because price can change very fast every day, especially if have high volume. But when you do it, it will be stressful if we jump into day trading and a lot of people will suggest to do long term trading.
It is right that this is not the right time for Altcoin trading. Altcoin prices are very low and there is no growth in the price since bitcoin has dropped. In bitcoin there is still possibility for earning money from daily trading but in Altcoin I think you will rarely find any chance for making profit. Only exchanges can make money from Altcoin these days. You should focus on bitcoin.