I’ve been diving into the Crypto world recently and have noticed there are so many altcoins out there. We all know about the big ones like Ethereum, Ripple, and Litecoin, but what about the lesser-known ones? Does anyone trade in these altcoins on a day-to-day basis?
I’ve seen a lot of successful traders who swear by a short term strategy, saying they trade daily and make good money. I’d like to know if any of you do the same with altcoins? Is it even viable to trade altcoins daily given the extreme market volatility and fluidity? I’d love to hear your experiences or any tips you might have.
Yes, I do trade altcoins fairly regularly, though not daily. It’s absolutely possible to trade them daily, but the high volatility of the market can make it challenging – there are some days when you might make a fair bit, and other days when you stand to lose just as much. However, there are also plenty of successful traders out there who do well with this strategy. It’s all about doing your research, understanding the market trends, and being ready to take calculated risks. Just remember, never invest more than you’re comfortable losing!