Quote from: leonair on Today at 04:50:01 PM

Quote from: MIner1448 on Today at 04:31:05 PM

Quote from: Kara3 on September 28, 2023, 07:19:52 PM

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.

Trading in general is very risky and we need to be very careful how we trade altcoins. Although there are altcoins that can give us amazing profits since they are most pumped and dumped. Altcoins trading gives profits even more than Bitcoin itself. We need to know the areas we are good at as a trader so that we don't trade blindly and end up losing more than we had won. Cryptocurrency trading need a bit understand about the market even though we have plans of copytrading which is be another way of trading without much knowledge of the market.