Trading altcoins

[Thekingcallme 1975]

Yes, I trade with altcoins which are profitable as well and more beneficial than bitcoin because its price is lower which means more profits at every rise

[Calvinpriva 17296]

Yes i have trade with litecoins and i have earn good profit with them, and am steal trading with them. For now i am holding xrp and eos to my wallets because i believe they will pump in next months and i will earn good profit.

[Brushless4500KV 4214]

There are two different methods for trading with altcoins:

 

1 - Simple method: Since most altcoins have more or less the same price behavior as bitcoin, you can choose the easy path by analyzing and predicting bitcoin and apply the results to altcoins to gain profit. This method is more suitable for beginners.

 

2 - More difficult method: In this method, you can analyze price movements of each single altcoin separately to have more accurate predictions and increase your chances of success. This requires more hard work and takes more time. This method is only recommended for skilled traders.

 

You can choose one of the above methods based on your personal conditions.

[phizusiki 239]

On 2/7/2020 at 10:11 PM, bliznec said:

Of course, you can profit from trading these coins. I use the Tron coin to trade and have a profit.   

I traded small BTC to Ethereum and BTC to XRP to learn in advance about how to trade coins and it made me happy. Profit 2% -5%. It seems that altcoins will not increase further to maintain the market and I think that may be true so the time of altcoin reduction will decrease.

[iloveyobit 6599]

10 hours ago, UT2001 said:

I have never done this but would assume that it reaps the same benefits as normal trading bitcoin as alt coins also move independently of each other,

No, in fact Bitcoin trading against the dollar or against other currencies is more profitable. I tried both of these methods and I think this is what I said through the experiment.

[bliznec 22267]

15 hours ago, phizusiki said:

I traded small BTC to Ethereum and BTC to XRP to learn in advance about how to trade coins and it made me happy. Profit 2% -5%. It seems that altcoins will not increase further to maintain the market and I think that may be true so the time of altcoin reduction will decrease.

Making a profit of 2% -5% or more, will definitely make a profit. Well done my friend, keep it up, I'm very happy for you. Indeed, cryptocurrencies give an excellent profit if you wisely trade on the exchange. 

[Treat1234 0]

You can trade litecoin to other altcoin  if the later has high value than the later and you can have high  profit .one important thing is that if you want to trade with another altcoin check which coin worth to be traded.

[pablomarwan 3082]

As for the spouses that I suggested, I did not do that, but I tried trading on this couple, eth / xlm, and with other currencies, of course, you will see that the profits are not permanent. The situation will be reversed from time to time. I prefer trading in classic currencies, especially those that are known in order to avoid losing something.

[Onden 2098]

I don't trade cryptocurrencies much, only two types of crypto that I buy and trade. I buy bitcoin for long-term trading, buy cheap and keep it for a long time, then when the price is high I sell it. For day trading I bought ETH, because ETH is more profitable for day trading.

[Muayad 125]

To trade in these currencies, you must know and monitor the movement of the market, especially since you cannot expect its rise or fall through basic analysis because it is not related to news of the main currencies

[RICZAROS12 38]

Altcoin trading works in a similar way to Forex trading, so general knowledge of the Forex markets can be beneficial to new traders. You can trade all major currencies. In this sense, there are always risks and it is to be lucky to trade at the right time

[Hasan211 65]

Altcoins are the other cryptocurrencies launched after the success of Bitcoin. Generally, they sell themselves as better alternatives to Bitcoin. The term "altcoins" refers to all cryptocurrencies other than Bitcoin. As of early 2020, there were more than 5,000 cryptocurrencies by some estimates.

[Brushless4500KV 4214]

14 hours ago, Carlosmedy said:

To start trading you must: Have the right training: to operate in these environments you have to know what you are doing. Training in this field is essential to avoid financial losses that can do a lot of damage to the personal economy. On the internet, ‘online’ courses on ‘trading’ have proliferated, although there are also training centers and face-to-face academies. In all cases, you should choose wisely and apply yourself well before starting to operate. One of the most important things to operate with an exchage that is easy to handle that charges low commissions and that is explicit and didactic and for this is YOBIT.

I had written two different methods for trading altcoins and you quoted my post and wrote something that is quite irrelevant to what I had told in my old post! This topic is exclusively about trading altcoins and it is not about training or how to start a trade! What you wrote above is just some general information about crypto trading and it doesn't help anyone to trade altcoins with more success. Trading altcoins is different from bitcoin because they have different characteristics such as volume and fluctuation. An altcoin trader needs more activity than a bitcoin trader because altcoins usually change faster and if you react slowly, you will fall behind and lose your profit.

[IvanVynyavsky 79]

so I trade altcoins and I want to say I really like it and it brings not bad fees. however, I prefer short-term altcoy trading. if we talk about a long period, then of course you need to choose a very reliable coin

[estmerbol 257]

Maybe I'm wrong, but I think that's what trading is all about, I buy some currencies when the price is low and I hope it has some upward trend and I sell. Now the difficult thing is to know which currency will rise and which is the ideal moment to sell. The one who has little capital should work with altcoins that the prices are much lower.

Edited October 6, 2020 by estmerbol

[escmys 15]

I made a profit with detailed analysis, research and market following. However, I can say that long term investment are less stressful.

[rocki 319]

On 12/20/2019 at 3:52 PM, Win said:

Is there any one here tried to trade multi currency.altcoins from ltc yo xrp to bch to litecoin and so on.did you get profit doing this?.or is it possible?what is youre toughts?

The price of other altcoins depends on bitcoin. Bitcoin attracts other cryptocurrencies with it.
Other cryptocurrencies can yield a much higher rate of return than Bitcoin, but they can also prove to be a failure.
Due to the pandemic, it may turn out that there will not be another cryptocurrency bubble for a long time.

[qaptcha 10]

1 - Conventional way: Analyze Bitcoin forecasting, also use Coaltcoin totals to generate income. This method is more suitable for beginners.
2 - Most profitable option: provide more convenient options for use as an alternative. Will now require the most difficult activities will also require more period. This method is recommended only for experimental traders. You will be able to pick up the only one with the above methods due to your individual circumstances.

[Oki 675]

I trade using only two pairs, BTC - LTC, BTC-ETH. I made a profit from trading these two pairs. Considering that both of them are still profitable, I haven't tried other pairs, maybe to expand my trade I can try a few more pairs in the future. Both can be used as day trading, which is important to trade at the right time.

[Goyaa 2414]

I don't trade a lot of pairs, I only trade using BTC / LTC and BTC / BTG, with these pairs I can make a pretty good profit and multiply the profit. If you want to trade, buy only famous coins, to minimize the risk of loss. In order to make maximum money gain, you have to trade when the market is bullish.

Edited January 7, 2021 by Goyaa

[Eezabell 339]

Trading of the ALT coins is Profitable. And the trading of the ALT coins are the best way to make the money at home with the help of the Yobit Trading platform. I'm using the Yobit Trading Platform for the trading of the ALT coins.

[JanBomCrypto 494]

On 10/6/2020 at 4:08 AM, Onden said:

I don't trade cryptocurrencies much, only two types of crypto that I buy and trade. I buy bitcoin for long-term trading, buy cheap and keep it for a long time, then when the price is high I sell it. For day trading I bought ETH, because ETH is more profitable for day trading.

These are the best cryptocurrencies that can be bought at of this moment, even ethereum is even more in bull run than bitcoin but both worth buying as they increase significantly. Also I like some other coins like chainlink, neo and zilliqa. 

[Amr90 1064]

Of course. Trading is not just about Bitcoin,
If you only stick to Bitcoin trading, you will make a profit, but you should diversify.
Trading other currencies such as Litecoin, Ripple and others is what makes a good profit and reduces losses in the crypto market.

[cryptovlek 2597]

I have traded ltc, xrp and many more altcoins, there was sometimes profit, and often I sold at a loss, but I never put all my money in these trades, just a small portion and after careful consideration of charts, trends and news.

[Salim2000 114]

Yes, I won good sums of money from many currencies, but I followed many strategies because the prices are not fixed. So I advise you to trade in cryptocurrencies because it is more profitable