ALT/BTC pairs - Bitcoin price interrogation

ubercool

hero member

Activity: 1078

Merit: 504

Quote from: Henri9009 on January 08, 2021, 06:24:54 PM

I understand, but if ADA (as an example) goes really high in the coming year, I'll have more BTC at the end (when I sell my ADA), right? And if the meantime BTC value has gone higher, it's gonna be a win win situation.

Is my thinking right?

Lots of people seem to think that some altcoins will go insane in the coming year.

Thanks!

Yes, your thought process is correct. We, as a trader, always plan to increase our Bitcoin holdings. Never thinking about the price of Bitcoin/USDT price.

As long as we increase our BTC by trading the alts, it's a great trade, and a job well done. Most of the time, people think the price has gone up in USDT so we are in profit but when you buy with BTC, you have to be in profit with BTC.

For Ex: the BNB price soured to 140$ in USDT pair but there are people who bought them at 0.0035 BTC, They are still at a loss even though the price in USDT is an all-time high.

Scripton

newbie

Activity: 39

Merit: 0

How bout having XRP or LTC for BTC pair. I think these two have potentials to still make it up considering the downswings they had these past few weeks.

sgenuine

full member

Activity: 854

Merit: 103

I trust USDT pairs more. I don't even take into account other options. And in most cases I trade Ethereum / Bitcoin. If you don't have a lot of experience in trading, then it is most profitable to choose pairs with high capitalization and liquidity. But in general, simply there are no win-win strategies.

BILLyDcar

newbie

Activity: 5

Merit: 0

If BTC is pairing to ETH, then it will be good to go since ETH-BTC pairing is one of the best where i can get more from the trading bot on kucoin

Henri9009

newbie

Activity: 3

Merit: 0

Quote from: blockman on January 08, 2021, 03:01:23 PM

Don't spend your BTC on trading alts, you will regret it. If you really want to have ADA or any altcoins, do you have some spare money to invest?
That's more preferable than using your btc to trade. As you see, the increase that it's showing today looks not stopping anytime.
Trading your btc to alts will make you feel that you've lost a lot.

But if I want to buy alcoins, I need a kind of money to do so. I'm Canadian, I can't buy ADA and DOT, for instance, with CAD money.

I thought BTC was the obvious choice... any other suggestion?

By the way, I keep my BTC, it's just that I need a kind of coin to buy some more alcoins (so I intended to buy some more BTC to allow me to buy alcoins).

Thanks!

layoutph

sr. member

Activity: 1372

Merit: 255

There might be a price correction again for Bitcoin. And during this correction we will see the rise from all ALTS/BTC price. Lets see if Bitcoin will travel from $30 to $100k. How I wish there will be a price correction again for Bitcoin another chance to all who havent ride.

Quote from: Henri9009 on January 08, 2021, 11:27:28 AM

Hi all!

I want to buy some more alcoins, medium term holding.

The most obvious pair choice is ALT with BTC (ex: ADA/BTC). But... Bitcoin is expensive now (at least compare to a couple of months before). Am I loosing something buy doing that?

What if Bitcoin crashes in the meantime (I know the chances are low)?

I'm having problems wrapping up my head around that BTC middle place value.

Any thoughts/advice on that matter?

Thanks a lot!

Henri9009

newbie

Activity: 3

Merit: 0

Quote from: RapTarX on January 08, 2021, 01:38:27 PM

Everyone who plans to invest in alt are in the same boat. I have made one mistake, by investing some of my BTC into a few alts which are yet to rise while BTC has increased significantly. Therefore, I have lost a good amount on that. If BTC continues to grow, you will certainly have regret at the end of the day. If you believe chance of BTC crashing is low, I would rather say you should be sticky with BTC.

I understand, but if ADA (as an example) goes really high in the coming year, I'll have more BTC at the end (when I sell my ADA), right? And if the meantime BTC value has gone higher, it's gonna be a win win situation.

Is my thinking right?

Lots of people seem to think that some altcoins will go insane in the coming year.

Thanks!

blockman

hero member

Activity: 3066

Merit: 629

Vave.com - Crypto Casino

Don't spend your BTC on trading alts, you will regret it. If you really want to have ADA or any altcoins, do you have some spare money to invest?
That's more preferable than using your btc to trade. As you see, the increase that it's showing today looks not stopping anytime.
Trading your btc to alts will make you feel that you've lost a lot.

RapTarX

hero member

Activity: 1358

Merit: 851

Everyone who plans to invest in alt are in the same boat. I have made one mistake, by investing some of my BTC into a few alts which are yet to rise while BTC has increased significantly. Therefore, I have lost a good amount on that. If BTC continues to grow, you will certainly have regret at the end of the day. If you believe chance of BTC crashing is low, I would rather say you should be sticky with BTC.

Henri9009

newbie

Activity: 3

Merit: 0

Hi all!

I want to buy some more alcoins, medium term holding.

The most obvious pair choice is ALT with BTC (ex: ADA/BTC). But... Bitcoin is expensive now (at least compare to a couple of months before). Am I loosing something buy doing that?

What if Bitcoin crashes in the meantime (I know the chances are low)?

I'm having problems wrapping up my head around that BTC middle place value.

Any thoughts/advice on that matter?

Thanks a lot!

Topic: ALT/BTC pairs - Bitcoin price interrogation (Read 137 times)