Quote from: lalabotax on April 15, 2023, 07:16:17 PM

Quote from: Negotiation on April 09, 2023, 02:25:35 AM

I think one of the reasons why Bitcoin trading is the best and the best is that when one trades only Bitcoin, his profit will be less than other coins or tokens and vice versa the chances of losing from other coins or tokens will be much less. I personally think that Bitcoin can be the only product for long-term trade management or long-term planning.

If this is for long-term trade, or meaning long-term investment, I do agree that Bitcoin is the best crypto for long-term investment. The proof has been clear, it's trusted. But if this is for daily trades, I think that many traders will also love trading altcoins that have high market caps, or moreover, the new hype with high risks, because they can also earn money from it. But as I said, this will be exactly risky. However, altcoins with small prices will help us to gain more profits than trading Bitcoin moreover if our amount of capital is still small. However, once more, this will again depend on how our trading strategy and habits.

The higher the volume of the altcoin chosen for trading, the better because fluctuations will move quickly. That's the advantage of trading on altcoins compared to bitcoin which is more suitable for the long term.
Some newly listed altcoins usually have high volume and it becomes the right target for fast trading. I usually do it on Binance and benefit from the fast altcoin movement, but the risk is indeed large and in accordance with the benefits. Before that, you have to have the right strategy according to the type of trading to be done, I usually do scalping for fast trading with a fairly large capital and it is done continuously.