Is there any reason to day trade anything other than bitcoin?

[sashavich04]

Serious discussion please.

Obviously some alts can have significantly bigger gains than bitcoin when it comes to long term and bull runs, the last bull run from 6k to 10k for example, sure bitcoin was strong, almost a 2x but some of the top alt coins did more than a 2x even 3x. However that's only long term.

Short term I don't see any reason to trade anything other than bitcoin, especially knowing how little volume some of the other coins have, even top 10 alt coins, for example stellar only has 33m volume. So my question is, what's the point of trading stellar, for example, instead of bitcoin? You know that even if you are a whale and trade a lot, you wont be moving the market as much, if you have 1m and you trade stellar, that's already huge and we all know the 33m volume is probably not even real, a lot of it from bots trading.

It's also much easier to follow bitcoin because, well, the whole market follows bitcoin. Bitcoin dictates where the market goes.

[darexgeorgieviya04]

First. It is necessary to consider what size of deposit. After all, if a person starts trading for example with $ 1000 and he buys bitcoin for all money, he initially puts himself in a bad position. Since we all understand that having bitcoin is good, but it doesn't always make us happy with him price. Therefore, a person will be a hostage to his decision to buy only one coin.
The second. Yes, the price of altcoins depends on the price of bitcoin. But if bitcoin increases by an average of 5% of the cost, at the same time, a lot of altcoins gain 20-30% of the cost. Accordingly, the altcoins have the opportunity to earn much higher. Of course, if the price falls, this pattern plays against the altcoins, so it's important to be on the alert.
In any case, everyone chooses what is more convenient for him to trade with. Personally, I prefer almost always trade with altcoins. But I also remember to accumulate bitcoin.

[PALM]

I think a good rule of thumb is to have at least 1 full BTC before playing with alts... Also, this way you can impress nocoiners telling them "hey I have 1 bitcoin!!!"

[Sendo12]

I think a good rule of thumb is to have at least 1 full BTC before playing with alts... Also, this way you can impress nocoiners telling them "hey I have 1 bitcoin!!!"

That's great too but is it really necessary to flex your 1 Bitcoin? Are you not making yourself a target of hackers by doing this?

[Aya]

That's great too but is it really necessary to flex your 1 Bitcoin? Are you not making yourself a target of hackers by doing this?

That's true, my friend. I prefer to keep my trading activities and achievements as discreet as possible.

[Trader_Rob]

That's great too but is it really necessary to flex your 1 Bitcoin? Are you not making yourself a target of hackers by doing this?

I didn't think about this until you said it. I guess the initial reaction when you earned your first bitcoin is to feel proud, hence sharing to the people what you achieved. This point of view has occurred to me only now and this is a good point.