Post
Topic
Board Trading Discussion
Re: Trade only Bitcoin
by
Xcode7
on 11/10/2023, 04:40:37 UTC
Trading is a lifetime skill that is always beneficial if you know what you are doing, the biggest mistake of traders is trading alt that most times doesn't obey market structure,
when it comes to cryptocurrency, trade only Bitcoin.
Bitcoin doesn't just give you profit, it gives you security, it obeys market structure, for the past 2yrs I have been trading, I only have losess only when I trading Alt, price action trading I utilize will trading always gives me result when trading Bitcoin, but when it comes to Alt I really do feel as if am gambling, so my fellow traders, trade only Bitcoin, I don't know if anyone feel the same way?
Trading bitcoin is indeed safer than altcoins, I often trade altcoins and the results are disappointing, small price fluctuations of around 1 to 5 percent are ideal for making a profit from trading bitcoin, while fluctuations in altcoins which can reach tens or even hundreds of percent are like a roller coaster.
That's true, but in my opinion, the guarantee that the price of Bitcoin will recover and can increase is much greater than that of Altcoins, so it's only natural that Bitcoin trading is considered much safer than Altcoins.
However, there are things that people want to achieve when trading Altcoins, especially Shitcoins, which have the possibility of very large profits, yes, even though the chances are also very small, I believe that every possible profit will be proportional to the level of risk involved, so it is very worth it whatever our choice.