Post
Topic
Board Bitcoin Discussion
Re: As a trader, is it worth consistently trading only BTC?
by
nullama
on 23/02/2025, 03:42:05 UTC
As a trader i strongly believe Bitcoin offers stability and dominance which is one of the core reasons why most traders stick to trading bitcoin on the other hand altcoins brings high-risk, high-reward opportunities. The volatility in altcoins presents both risks and opportunities. As a trader, navigating uncertainty strategically can lead to high-reward trades, though for me, I mostly choose to trade BTC while leveraging a good derivatives platform. What about you and which exchange did you use in trading, kindly share with us.

The thing is that it is almost impossible to predict the short term movement of Bitcoin prices.

Also, you need to account for the fees that the exchange will charge you at every transaction.

On top of that, you might have to pay taxes on capital gains, specially if it is short term trading.

And, if you think that the price of Bitcoin will continuously rise, then it would not make sense to sell it for today's price, given that in the future it will go higher.

Based on all these points, my opinion is that it is better to held Bitcoin for a long period, instead of trying to guess the price in the short term.