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 ? for good profits ? LTC, BCH, BSV or whatever you think could be the best in usdt market ?
With the three options mentioned above, I choose to invest in bitcoin above them because bitcoin has a high possibility to give better profit than others. It can record over $500 - $1,000 in a day whereas Litecoin and others hardly go above $100 profit in a day
Could you explain what you mean by "Litecoin and others hardly go above $100 profit in a day"?
It is kinda easy to understand what you mean by Bitcoin "recording over $500 - $1,000 in a day", which seems to refer to daily price swings (i.e. volatility). But to correctly compare volatility of different coins with very different price tags (like Bitcoin at 10k and Litecoin at 70), you should use relative volatility (read, percentages) and not its absolute value (in dollars per coin). Otherwise, direct comparisons don't make any sense. And if you analyze Bitcoin's volatility versus the volatility of top altcoins, it is unlikely that Bitcoin is more volatile than the rest of the pack. But your daily profits (or losses, for that matter) depend on it