Quote from: Altryist on October 24, 2023, 09:11:53 AM

Quote from: Kelvinid on October 23, 2023, 09:43:42 PM

The choice of Bitcoin in trading is not really profitable based on my experience compared to altcoins but when it comes to investment, we are certain about it. But, we must also understand that trading is not all about choosing coins, it is also all about the use of strategies and perfect timing. Because even if you choose Bitcoin, you will still have no assurance of a profit especially if you don't have deep knowledge about trading. Many people jump into trading with empty knowledge or just say, knowing only the basics - still, they suffer big losses.

Trading Bitcoin has its advantages; lately we have seen several times how Bitcoin has become significantly ahead of altcoins, and altcoins are in no hurry to grow after Bitcoin, and because of this they look very weak. I am sure that everyone who trades Bitcoin at the moment feels great, even now Bitcoin shows +11%, which can be considered an excellent result.
The market is weak and there is a lot of uncertainty for altcoins, they cannot move on their own, since Bitcoin serves as an indicator for them, but even despite this, they are afraid to immediately move after it, they need some time to determine and see if there will be a decline after growth.

The volatility of bitcoin is not that bad, but the idea is not just to trade bitcoin-usdt pair for example, if you want to you should trade bitcoin-eth pair too, or bitcoin-bnb pair too. The idea I have or at least what I understood is that you should have one part of the pair as bitcoin and the other part of the trading pair could change, but always have one part as bitcoin and that is more important.

Obviously it is not really all that complicated when you think that having more and more bitcoin is the most important part, and we should probably approach it a little differently whenever we can. If you keep doing that then you are going to end up with a solution that will benefit you and keep getting you more bitcoins.