Post
Topic
Board Trading Discussion
Re: Bitcoin or LTC ?
by
deisik
on 12/08/2019, 08:31:42 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

I'm not sure I understand what you refer to here

Okay, you have a capital of 1000 dollars, and what exactly prevents you from successfully trading this capital with Bitcoin? How could you lose 50 dollars with Bitcoin and not lose it with some altcoin? Somehow, I have a feeling that you are actually talking about gambling, not trading. Apart from that, Bitcoin has recently shown quite a good amount of volatility on par with or even exceeding major altcoins. But perhaps I'm just missing something and you would like to expand on your thought a little further