Altcoins for short term trading

[Setho]

The entire cryptocurrency ecosystem is now building much more towards zero knowledge frame works . I believe that cryptocurrencies that fall within this range are the best buy right now and you should take at least two months to sell.

 

[Syldan]

I personally dont consider altcoin as good for short term business or trading because the value of altcoin can not shoot within a short period of time. it may needed sometimes befor the value may go up.

 

[tyrim88]

I suggest bitcoin for trading cryptocurrencies rather than altcoins because you can easily make profit within a short time. But if you stick to trading with altcoins, then I prefer long term trading.

That would definitelly be for someon that has the huge financial warchest to trade in bitcoin,because if you are putting in a small amount,the fluctuations i the market can fizzle out your investment,reason it is good to use huge amount.

 

[Danny4cash]

For altcoin, I prefer short-term trading to long-term because it can't be sure what the market will bring. Having the knowledge of market is very important. As a trader, you need to monitor the market and once the market increase you sell off.

 

[Chibson]

The only time you can make some good profit through altcoins for short time is during bull seasons. There are some coins that I made almost 5x within some days but that is not possible in this bear market.