Do you enjoy trading BTC more than other alts?

[jeraldskie11]

I had a conversation with a trader friend who said he finds trading BTC easier than other tokens. He also mentioned that if he were to enter a trading competition, he’d focus solely on BTC.

His reasons were that BTC tends to respect historical analysis, follows order blocks more reliably, and is less volatile compared to most alts.
That’s why I brought it up here—especially now that BTC's price action looks strong, and we might see a rise in BTC-focused competitions soon. What do you think?

Your friend was right. I am doing the same thing, I used to trade BTC than alts because the volatility is lesser. You know how important to determine the volatility is because the level of the risks depends on it. It's easier to lose with high volatility coins because it can be easily manipulated. So when trading alts you have to extend your stop loss, and reduce your leverage. I've been trading with alts for how many years but I can't make profit with them, that's why only trade solely now with Bitcoin.

[BitMaxz]

I don't trade with other altcoins and tokens unless I see patterns, but usually I only trade BTC because other coins are dominated by BTC. If you see the BTC price down, altcoins and tokens are also down and more volatile than BTC. So if you are going to trade with alts, always make sure to check the BTC price action first before you take any position on alts.
Always make sure to set tight SL on alts it's risky. That's why you need to make sure only trades with quality positions. If you succeed, sometimes you can make 1:5 or more in a single trade on alts.
If you still don't have much confidence and don't have a proven strategy that works, I suggest stay with Bitcoin because it is far from manipulation than alts.

[Findingnemo]

His reasons were that BTC tends to respect historical analysis, follows order blocks more reliably, and is less volatile compared to most alts.

Partially true but not entirely that BTC follows the historical patterns and it's definitely not gonna be any help for a day trader who is most likely to be a participant of the competitions or any promotional events. But the good thing is, less volatile compared to altcoins and when you chose a stable coin pair, you can simply focus on the technical analysis of bitcoin itself and no need to do the same for hundred others when you pick altcoins.

[Rruchi man]

What do you think?

His reasons for having an interest in only trading bitcoins are very valid because I feel that if you must choose a particular coin to trade, be it bitcoin or altcoins, you should have a strong reason for it and not just reasons based on sentiments or emotions; the reasons have to be concrete enough to make sense.

[Azharul]

I had a conversation with a trader friend who said he finds trading BTC easier than other tokens. He also mentioned that if he were to enter a trading competition, he’d focus solely on BTC.

His reasons were that BTC tends to respect historical analysis, follows order blocks more reliably, and is less volatile compared to most alts.
That’s why I brought it up here—especially now that BTC's price action looks strong, and we might see a rise in BTC-focused competitions soon. What do you think?

Actually, your opinion is appropriate in this moment. So i am also agree with your appropriate comment. We obviously know that BTC trading is one of the best profitable trading source in cryptocurrency market. Because we believe that most of the crypto currency traders also support BTC trading. But others crypto currency trade will be very difficult for understand, because we know that when new cryptocurrency come in cryptocurrency market it must be difficult for us. So i think that BTC trading is more prefer than others altcoin.

[Blaze]

Actually, your opinion is appropriate in this moment. So i am also agree with your appropriate comment. We obviously know that BTC trading is one of the best profitable trading source in cryptocurrency market. Because we believe that most of the crypto currency traders also support BTC trading. But others crypto currency trade will be very difficult for understand, because we know that when new cryptocurrency come in cryptocurrency market it must be difficult for us. So i think that BTC trading is more prefer than others altcoin.

If consistency and even greater availability of information are deemed more important compared to the previous characteristics, then yes, BTC, as more available information, should be used as a reference in trading operations. BTC has shown evidence of becoming digital asset that has more volume and range and comparatively more sound price fluctuation trend. When venturing in the altcoins, especially the newly available ones, we are met with market volatility which could be as a result of short term events or manipulations by giant investors. That is why while in BTC all sorts of volatilities are present in spite of that basic analysis seems to be less speculative. That is why many of the global community prefer to use BTC as the primary asset in such operations.

[Agbe]

We can't compare bitcoin with altcoins trading. The gain in bitcoin is much more higher because it can move faster and higher than others just that the risk with bitcoin is much and others are not much because the movement for others are not like BTC. Though there is gain in BTC trading if it favoured you. I have not traded with altcoins so I can't say much on them.

[ZAINmalik75]

I had a conversation with a trader friend who said he finds trading BTC easier than other tokens. He also mentioned that if he were to enter a trading competition, he’d focus solely on BTC.

His reasons were that BTC tends to respect historical analysis, follows order blocks more reliably, and is less volatile compared to most alts.
That’s why I brought it up here—especially now that BTC's price action looks strong, and we might see a rise in BTC-focused competitions soon. What do you think?

That trader is absolutely right. BTC is very less volatile than alts and predicting its price on the basis of historical data is way efficient then any other alts because it is the oldest so the upper hand is we have more data on BTC then any other alts.

We can learn so much from BTC alone and can make money but that's not the case with alts because those alts follow BTC so in other words, if we are not following BTC price action while doing alts we cant really succeed because to predict alts PA we need to analyze BTC PA.

[Hisbullah]

I had a conversation with a trader friend who said he finds trading BTC easier than other tokens. He also mentioned that if he were to enter a trading competition, he’d focus solely on BTC.

His reasons were that BTC tends to respect historical analysis, follows order blocks more reliably, and is less volatile compared to most alts.
That’s why I brought it up here—especially now that BTC's price action looks strong, and we might see a rise in BTC-focused competitions soon. What do you think?

That trader is absolutely right. BTC is very less volatile than alts and predicting its price on the basis of historical data is way efficient then any other alts because it is the oldest so the upper hand is we have more data on BTC then any other alts.

We can learn so much from BTC alone and can make money but that's not the case with alts because those alts follow BTC so in other words, if we are not following BTC price action while doing alts we cant really succeed because to predict alts PA we need to analyze BTC PA.

Bitcoin is indeed more stable in its movement in the market when compared to altcoins. However, a trader prefers the top altcoins to trade because they can get higher profits than bitcoin. I choose both because I want to get consistent profits. And also consider market trends, because this also has a big influence on trading.

[ZAINmalik75]

Bitcoin is indeed more stable in its movement in the market when compared to altcoins. However, a trader prefers the top altcoins to trade because they can get higher profits than bitcoin. I choose both because I want to get consistent profits. And also consider market trends, because this also has a big influence on trading.

This is how we should trade because marrying only one coin can cost us a fortune. We should diversify our investment and with time divorce a coin until things gets stable and here I am only talking about coins 

Nowadays top altcoins are also not so stable they give goosebumps to their holders for example from the last two months top 50 to top 100 coins are already down 50% or maybe more. Some even went 90% down like OM.

[Asiska02]

I had a conversation with a trader friend who said he finds trading BTC easier than other tokens. He also mentioned that if he were to enter a trading competition, he’d focus solely on BTC.

His reasons were that BTC tends to respect historical analysis, follows order blocks more reliably, and is less volatile compared to most alts.
That’s why I brought it up here—especially now that BTC's price action looks strong, and we might see a rise in BTC-focused competitions soon. What do you think?

Your friend is actually right and I will also focus more on trading Bitcoin than any other coin if I’m to chose to take part in a trading competition. I usually feel because of bitcoin volatility, it would be very hard to trade, like it won’t obey most of one’s trading strategy and will always go against your analysis. But it doesn’t work that way after I gave it a try. It obeys order blocks and zones a lot, so it’s a good choice to trade also while managing your risks and maximizing your profits.

[Blaze]

Your friend is actually right and I will also focus more on trading Bitcoin than any other coin if I’m to chose to take part in a trading competition. I usually feel because of bitcoin volatility, it would be very hard to trade, like it won’t obey most of one’s trading strategy and will always go against your analysis. But it doesn’t work that way after I gave it a try. It obeys order blocks and zones a lot, so it’s a good choice to trade also while managing your risks and maximizing your profits.

It is often considered that trading Bitcoin is a very tough affair especially because it is a highly volatile instrument that changes its price within minutes. But in the real sense, Bitcoin bears a very identifiable pattern, especially if you have the skill in trading with relation to patterns and the support resistance indicators. Most traders, who initially thought that Bitcoin cannot easily be traded due to great volatility, later established that it could be very tradable when properly managed. The point to bear in mind is that the fluctuation of Bitcoin’s price is unpredictable, but the market as a whole behaves in a certain pattern which one can count on if he is patient and does not make an emotional decision.

[milewilda]

I had a conversation with a trader friend who said he finds trading BTC easier than other tokens. He also mentioned that if he were to enter a trading competition, he’d focus solely on BTC.

His reasons were that BTC tends to respect historical analysis, follows order blocks more reliably, and is less volatile compared to most alts.
That’s why I brought it up here—especially now that BTC's price action looks strong, and we might see a rise in BTC-focused competitions soon. What do you think?

Your friend is actually right and I will also focus more on trading Bitcoin than any other coin if I’m to chose to take part in a trading competition. I usually feel because of bitcoin volatility, it would be very hard to trade, like it won’t obey most of one’s trading strategy and will always go against your analysis. But it doesn’t work that way after I gave it a try. It obeys order blocks and zones a lot, so it’s a good choice to trade also while managing your risks and maximizing your profits.

When you are on trading competition then it wont matter whether you are trading Bitcoin or some altcoins. Stick into the coins/tokens on which you do see yourself that doing well on dealing with it. Stick into something on where you can be able to handle up the movements on which we know that despite of being similar as a crypto but still movements could vary in between assets.
Enjoyment? I dont see trading could be enjoyment or fun because this will be needing up that serious approach and having that needing up that attention because if you do see this to be fun then you wont be that serious on applying your analysis. Well, it will be depending on a certain person on how they would be having such approach on what they've been that doing.

[albon]

Trading experience and profits depend entirely on how knowledgeable a person is about trading in cryptocurrency and which trading platform they start trading with. If you are a bitcoin trader then you would never say that you always want to enter the market for profit. I would never tell an olympic athlete how to run faster because that is his effort and many years of experience.

So those who trade with bitcoin must have a lot of experience and a long time they are connected to it. Good trading and investing comes from risk management so the more risk you can take, the more profit you will make. If you can manage your risks appropriately, you will become a better trader and come closer to maximizing your returns.

[Mr. Magkaisa]

I had a conversation with a trader friend who said he finds trading BTC easier than other tokens. He also mentioned that if he were to enter a trading competition, he’d focus solely on BTC.

His reasons were that BTC tends to respect historical analysis, follows order blocks more reliably, and is less volatile compared to most alts.
That’s why I brought it up here—especially now that BTC's price action looks strong, and we might see a rise in BTC-focused competitions soon. What do you think?

        -     That's just his own belief, to me it's true that bitcoin (BTC) is easy to trade and so are other cryptocurrencies. It's just difficult to get a profit in BTC and even in cryptocurrency. Because there are really problems when it comes to execution according to the analysis we will do unless you just guess, you are called gamblers not traders.

Since we are talking about trading, it means we want to get profit in trading bitcoin, where is it easier to do? For me, it's easy to do it in futures trading activity. But you must really know something about trading because you can't do nothing, because then you can easily be liquidated, it's better to just do spot trading if you don't have enough knowledge in trading.