we should focus on just its movements like when the price increase we should buy and when it falls we should sell. It's all about knowing the perfect time to take steps about altcoins.
I believe the same things are applicable even when you're trading bitcoin against fiats. I mean these watching price movements and finding right time to react are common even for bitcoin trading.
We need to remember the competitions in crypto trading is not like the early stages of its market. After the introduction of derivative exchanges, the crypto trading volume has significantly increased which means if you're not alter enough then you will simply miss out your entry and exit so cheaply. On this regard, there are no big differences between trading altcoins and trading bitcoin.
There's indeed no big difference in trading bitcoin and altcoin but bitcoin trading is still the better option for especially the beginners cause its price usually maintains so balance while the altcoin market is highly manipulated. However, I think Best Dreams don't understand the aspect of how the market trend change simultaneously which make it hard for some traders to make a profit due to the huge competitions so trading is not all about focus on price movement and knowing the time to enter/exit because the knowledge of select the perfect coin need to be included.
All factors should really be considered before you do tend to jumped in into this market.From potential talks to volatility intensity because these are the reasons that do make out profits if you done it well.
If not then you will surely be fucked up if you do let yourself or do make mistakes will surely cost you. Trading isnt simple as it sounds, the mistakes of some people is that when someone do shows off some big
profits then they do have that belief that they can do it as well easily.
They soon realize that it doesnt work that way and it isnt simple as it sounds.