Post
Topic
Board Trading Discussion
Re: Trade only Bitcoin
by
DVlog
on 11/10/2023, 04:45:33 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.

I wanted to say instead "Holding bitcoin is safer than altcoins" when trading has the equivalent risk that altcoins have. My assumption is that you were referring to the risk associated with intraday trading. To trade and make profit from a certain market requires substantial knowledge about the market including basic and fundamental knowledge about that asset. If your knowledge about altcoin market behavior is better than that of bitcoin then you will do better in trading altcoin.