Post
Topic
Board Trading Discussion
Re: Is there any reason to day trade anything other than bitcoin?
by
Yaunfitda
on 01/05/2019, 06:38:40 UTC
Pwrsonally I don't see any other coins that are worth daily trading besides Bitcoin. Also, day trading is very demanding, it requests a lot of experiences and knowledge and your full attention to the market so it would be very hard to follow this for multiple coins. But maybe there are some successful traders who could manage that also.
If you are day trading then it is a good idea to try to monitor more coins than just bitcoin since the more markets you watch the more opportunities you are going to have to make money, but you are right, the more markets you are watching the harder day trading becomes, but you do not need to watch hundreds of coins at the same time, as long as you can watch 3 or 4 coins at the same time then you will have plenty of opportunities to multiply your capital.

I'm sure that there are lots of alts better suited for intra day trade as well. So not only bitcoin but most altcoins are really prime for day trading. That is if you are able to ride the waves early.

I saw one coin being pump 2 consecutive days, ICO price was $.5 then it went as high as $5. But now its hovering around $1.5-$2.0. Still not bad though specially for investors, x4 of your investments in this bear market? I will take it anytime of the day.