Post
Topic
Board Trading Discussion
Re: Bitcoin or LTC ?
by
Oceat
on 11/08/2019, 20:03:27 UTC
Hye, please don't think it is an investment advice, but as a short term trader, I am just asking from you based on your own market research that as whenever BTC flies to moon, Altcoins dump. So based on your speculation in the current market scenario in which Altcoin we should trade ?
If you only have a dust of amount of Bitcoin, then short term is not a good idea. Just imagine getting $1 from your $1000 capital, with huge chance of loss is almost $50. That thing is not worth to risk, would rather to throw away your money into altcoin which is volatile compared to Bitcoin this time.
Why would someone have to trade in a losing state? It's worth trading if you know what you are doing but looking at the situation of the market it seems not it is not good to do short term for a moment since the market is on a stable state. Switching from altcoins might be the best way but you have to know which coins you have to trade.