Post
Topic
Board Trading Discussion
Re: Trade only Bitcoin
by
leonair
on 02/12/2023, 16:50:01 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?
Each trader has his own style and preferences, and the choice between trading Bitcoin and altcoins depends on individual strategies and risk preferences. Bitcoin tends to be more resilient to volatility compared to altcoins and, as you mentioned, can be perceived as more predictable within the market structure.
However, altcoins often provide opportunities for higher profits as they can be more volatile.
Bitcoin trading exposes a trader to much less risk but Altcoins are much more risky. Bitcoin trading is very easy but Altcoin trading requires high trading skills and potential strategies. Otherwise, you will not be able to profit by trading altcoins, on the other hand, there will be a possibility of high quality losses.  So new traders should start trading with bitcoins and move to altcoins when they gain a good trading knowledge.  Because if you can successfully trade in altcoins, you can make more profit than Bitcoin.