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.
Trading in Bitcoin is the safest and most peaceful trade if you are not greedy. Because that is the main reason why a lot of traders tend to trade on other shitcoins so that they will be able to get huge profits, which is the same when it comes to losses, as they will also get a huge loss. That is why if you are to trade only on Bitcoin, you will never encounter a scenario where you will lose 40% or even 50% of your main capital in trading, but in trading shitcoins, you can even lose that in a single day. Which makes it equivalent to the quote that says, “higher risk comes with higher profit, which is also applicable to the loss.”
But I mostly classify those traders as greedy traders. I am not against trading shitcoins, but at least when doing it, you should always consider the risk management because if you are trading without any risk management, then you are definitely wasting your time, as you will always be trying to analyse losses for yourself just to get more profits, but when you bring your expectations down and focus on minimum profits, and also when it comes to loss, which is only on Bitcoin.