Quote from: imadmirer on June 26, 2018, 09:43:15 AM

I was looking at the possibility of investing in several Altcoins as part of my trading by selling off Bitcoins. I do feel that with proper planning and execution, the profits that could be reaped through these Altcoins by day trading in a week would be far superior to that of Bitcoin.

It is true I am talking in terms of a short term gain. BTC is certainly a long term investment but what about the short term gains? As an example, even if I invest in 1000 coins of IOTA or 10000 coins of NEM, I am assured of greater volatility in the market for these coins compared to that of BTC. If NEM makes a high on a particular day even by 0.05$ USD, I would make 0.05x10000 = 500$ USD in a day if I sell all my coins at that price.

Of course, trading does involve many other practical factors which make things not as simply as I write here. But being a pro I can simplify the complexity and say that it is certainly possible to make it so.

But will this not be a way to make decent income every day? When you invest in cryptocurrency, it is a need for one to continually observe the market trends. When one is able to understand the intricacies of the market then it is better that he takes up (day) trading.

After all it is important we make money on a regular basis apart from the long term investment isnt it so?

It works almost the same way you have described. The market is volatile and currently, right now is the best time to buy cryptocurrency, because we have the market on its lowest positions ever, in comparison to other years. Thus, when you gonna buy any coin right now, you won't lose a dime and in couple of weeks or months you'll be able to sell them. Or the best way you can make money without getting stressed is to find an adequate ICO and invest there some funds and wait until these tokens skyrocket. For example I have invested recently in a project which is called Cryptics - these guys have developed a platform that is capable to predict the price of different cryptocurrencies with high accuracy rate, I understood that this technology is promising and have invested there couple of ETH:) And I'm eagerly waiting for the next year when i'm gonna sell these tokens.

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