Post
Topic
Board Trading Discussion
Re: Trade only Bitcoin
by
God bless u
on 24/11/2023, 16:16:21 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?

I understand your trading thought and i think it is true that Bitcoin follows a more predictable market condition if we compare it with  some altcoins. However diversification is also a very good strategy as I think instead of trading only in one coin.. we know that Bitcoin provides best security and best stability which is more safe trading but also some traders find opportunities in the volatility of altcoins..It depends on one user risk tolerance and trading strategy. We have to find the right balance between trading Bitcoin for stability and exploring volatile altcoins. This strategy can contribute to a diversified and potentially profitable portfolio. What do you think about diversification in trading?