HEY ! IM NEW HERE. I JUST WANTED TO SAY .. I LOVE ALTCOINS AND BITCOIN !! enough caps . Yes im new here and wanted to say hi. I especially like altcoins and want to do something entrepreneurial soon !
I read in some websites that some people can earn enough to live by trading altcoins, this is my ultimate goal!
one day you'll encounter a bad streak and lose most of what of you have
trading shouldn't be the thing you would rely on, it should only be extra income
Trading is extremely risky.
According to https://poloniex.com/exchange (sorting the trade pairs by "change"), there are 8 altcoins growing more than 40% value in a day and 10 altcoins losing more than 25% value in a day.
If you really want to try trading, please do it in a small scale first.
That's actually not bad. If you manage to make 40% in a day, the 25% loss is written-off. Plus, with enough research, you can put the odds in your favour.
But there is also some coin that could drop more than 97% in just 24 hours
http://www.cryptocoincharts.info/v2/pair/bdg/btc/poloniex/10-days
and there are some that growover a 100% in 24 hours
however, trading is too risky
one day you'll hit a bad streak and lose everything..