Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: jibon.ahmed75 on January 10, 2020, 08:01:24 AM
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I want to start trading. Which Cryptocurrency will be more profitable?
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If you want to start in trading, I recommend to trade bitcoin because it has high volume than the other cryptos. It will be profitable if you have a good strategy in trading.
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The safest coin to trade or invest is absolutely Bitcoin. It has already proved how profitable it is all the time. So, if you are still new in crypto investment, it is better to buy Bitcoin. But yes, you need to have sufficient knowledge of trading or investment. You also need to know about crypto market trends and characteristics.
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Which Cryptocurrency will be more profitable?
Well just like the two answers above, I would also go for trading bitcoin as the best coin to trade since it still has the highest volume in the market but whether it will be more profitable for you or not is another matter though. Even bitcoin will not give you profits if you suck at trading. Instead of asking which coin to trade, it's better to learn how to trade effectively first. It's not as simple as buying low and selling high.
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If you are serious about trading Cryptocurrency, then you should not only trade on one coin. You can choose several coins that have good ratings on Coinmarketcap, such as Ethereum, XRP, BCH, and so on. And Bitcoin is the main coin that you must hold and trade, because Bitcoin has been proven to have the best price than other coins.
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If you want to start in trading, I recommend to trade bitcoin because it has high volume than the other cryptos. It will be profitable if you have a good strategy in trading.
Okay, thank you...
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In my opinion any currency can be profitable if one knows how to trade it.
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Actually maximum traders prefer to trade with pair to BTC and Ethereum in many exchanges. I also prefer to invest in bitcoin and Ethereum also. Bitcoin and Ethereum two very everlasting profitable coins in the cryptocurrency market cap. So I suggest you to invest in bitcoin and Ethereum.
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The safest coin to trade or invest is absolutely Bitcoin. It has already proved how profitable it is all the time. So, if you are still new in crypto investment, it is better to buy Bitcoin. But yes, you need to have sufficient knowledge of trading or investment. You also need to know about crypto market trends and characteristics.
I agree.!
To op, If you have enough knowledge about bitcoin then make it your priority investment before anything else.
Invest what you can.
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By far the most popular is BTC and almost every asset can be exchanged for this currency. The only problem with using Bitcoin is that the fees can be high, and the transactions can be annoyingly slow.However, if you want the most versatile base currency, then this is your best bet.
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Are you looking for your base pair? I would say bitcoin, in this strategy you trade to increase your satoshis or bitcoin not the value of it. Or if you want to based on your value then I would suggest to pair with stablecoin like USDT. But bitcoin is better I must say as we have seen that it is mooning right now, you might caught the additional increase on bitcoin.
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I want to start trading. Which Cryptocurrency will be more profitable?
I guess you're new to trading, so I would suggest you first educate yourself about cryptocurrency trading because buying and selling cryptos is a high-risk activity if you don't understand the marketplace. Below are some articles/guides that would help you to start crypto trading...
How to Trade Cryptocurrency – For Beginners (https://cryptocurrencyfacts.com/how-to-trade-cryptocurrency-for-beginners/)
How To Trade Cryptocurrency - Ultimate Guide (https://blockgeeks.com/guides/how-to-trade-cryptocurrency/)
What You Need to Start Crypto Trading: A Four-Step Guide (https://hackernoon.com/what-you-need-to-start-crypto-trading-a-four-step-guide-49a2310d5dee)
Cryptocurrency Trading: How to Start? (https://www.bitdegree.org/tutorials/cryptocurrency-trading/)
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All of these coins are promising and can make a profit when trading. Personally, I would trade Ethereum, since I trust this coin as I myself and know that it can bring good profits when trading and holding.
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Bitcoin. It's better to short trade on bitcoin. Many traders do it. But it's risky, you have to pay attention. It is feared that the price of bitcoin will go down considerably in a moment. But if you hesitate to do it, you better buy bitcoin now and sell at the end of the year.