Quote from: Bd officer on Today at 03:49:54 AM

Quote from: Bitcoinpoly on February 19, 2025, 10:25:13 AM

What about you and which exchange did you use in trading, kindly share with us.

Altcoins are risky so many traders trade with trusted currencies like Bitcoin. Now those who are professional traders and can analyze well earn huge profits by trading in altcoins. As the risk is high in altcoins, but again in altcoins high profits can be expected. Bitcoin, on the other hand, has lower risk even though the potential for profit is lower. Now trading is risky, so I don't like to trade, although sometimes I trade with currencies like BTC and Ethereum. Now a few hours ago I heard the news of ByBit Exchange being hacked and don't like to trade for that too. But I have been using Kucoin Exchange for a long time.

Well, I tried using altcoins because my friend suggested it. Unfortunately, it never works for me which is why I turned back to using bitcoin. I think no single strategy will work for everyone, even for your friends. What happened to me seems to be a valid reason why we should trade on our preferred trading pairs, whether they are BTC or altcoins.

Honestly speaking, trading is all about how we work on our trade and the custom strategies we use. Altcoins never work on me, maybe because I don't have trust and a deep understanding of their trends. It will be a different story, which also has different results.