Post
Topic
Board Trading Discussion
Re: Trade only Bitcoin
by
Z_MBFM
on 11/11/2023, 14:31:46 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?
If one has trading skills then only bitcoin or altcoin will give good result for him. Because Bitcoin is not for trading, Bitcoin is for long term investment. If your intention is to trade Bitcoin then your decision will be wrong. Bitcoin trading may make you some profit but sometimes you can lose so it will give you a negative thought about Bitcoin. Trading in altcoins is risky but not gambling. In gambling you lose your entire fund but in trading you may face huge losses but you don't lose your entire budget. But if you talk about leverage trading/future trading then yes it is more like gambling.
But if you have a good trading skill then you may face less loss but those who are new to trading may suffer more. So holding Bitcoin for the long term would be a good option