Altcoin Trading - page 4. | Bitcointalksearch.org

canaveralnonie

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Quote from: Nikkolodeon on February 26, 2018, 01:32:21 PM

I'm a little bit confused guys. For example The situation is you bought an altcoin for 1 btc, let's say 1btc=10,000. so you bought an altcoin and you gained a profit so your 1btc became 1.2btc and you sold iyour altcoin for 1.2btc, but the value of btc drops let's say 1btc=9,000.. that way you will lose right? but will you regain your money or profits if the value of btc comes back to 10,000 another day? and you will have the 1.2btc=12,000? is that right? thanks for your answers.

Sorry because I didn't deliver it fluently but for those who understand what I mean, can I ask your opinion? Thanks!

That is not a complicated computation for me, but you explain it more complicated I think. If you bought altcoins, just stick the computation in your altcoins, not in btc first. for example 10,000 = 1 btc ( as you said ) , then other day 9,000 altcoins = 1btc ( where are the 1000 altcoins? ) , better if you said 1000 altcoins = 1.2 btc ( this is you get profit, right? ) . So the 1.2 btc = 12 000 altcoins is not exist folks, you still have 10 000 altcoins that is equal to 1.2 btc. Because the one that you count is the currency/value of altcoin, not the bitcoin. When in comes of trading, you gonna count the value of altcoins and bitcoin too. Cause that two is volatile when in comes of currency. Hoping that I help you ( but I think, I add another riddle to you, lol )

BlueStackz

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Quote from: Nikkolodeon on February 26, 2018, 01:32:21 PM

I'm a little bit confused guys. For example The situation is you bought an altcoin for 1 btc, let's say 1btc=10,000. so you bought an altcoin and you gained a profit so your 1btc became 1.2btc and you sold iyour altcoin for 1.2btc, but the value of btc drops let's say 1btc=9,000.. that way you will lose right? but will you regain your money or profits if the value of btc comes back to 10,000 another day? and you will have the 1.2btc=12,000? is that right? thanks for your answers.

Sorry because I didn't deliver it fluently but for those who understand what I mean, can I ask your opinion? Thanks!

First of all, when you’re investing into Bitcoin, your plan is not to make more Bitcoin or to make more altcoins, what comes to your mind first is to make more dollars right? So if you bought Bitcoin as the rate of $10,000 and it happened that it dropped to the rate of $9000, as of then it is at the rate of $9000 you are making loss.

But it when it gets up to $12,000 you’re making profit. That’s it. I don’t know my answer gives you what you want to learn…. If not, I hope someone else explains better.

Botnake

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Quote from: nicolas1979 on February 27, 2018, 09:42:53 PM

Quote from: Nikkolodeon on February 26, 2018, 01:32:21 PM

I'm a little bit confused guys. For example The situation is you bought an altcoin for 1 btc, let's say 1btc=10,000. so you bought an altcoin and you gained a profit so your 1btc became 1.2btc and you sold iyour altcoin for 1.2btc, but the value of btc drops let's say 1btc=9,000.. that way you will lose right? but will you regain your money or profits if the value of btc comes back to 10,000 another day? and you will have the 1.2btc=12,000? is that right? thanks for your answers.

Sorry because I didn't deliver it fluently but for those who understand what I mean, can I ask your opinion? Thanks!

Really true, your mindset is right. I'll do what the people do to make money, never sell when the price go drop or just come back into beginning. We trade/ invest to make money and our asset ( time, fund )should become profit. But now I try to understand old pattern about " split " money into some coins, so if one coins get drop maybe I can get from another one. Good luck with you.

Our enemy here is our weakness in managing our emotion, if we are educated enough and we know what we are doing, we should stay strong in holding.
It's volatile and the price will pump and dump for many reasons but always believe that there will always be the right time to sell for a profit.

nicolas1979

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Quote from: Nikkolodeon on February 26, 2018, 01:32:21 PM

I'm a little bit confused guys. For example The situation is you bought an altcoin for 1 btc, let's say 1btc=10,000. so you bought an altcoin and you gained a profit so your 1btc became 1.2btc and you sold iyour altcoin for 1.2btc, but the value of btc drops let's say 1btc=9,000.. that way you will lose right? but will you regain your money or profits if the value of btc comes back to 10,000 another day? and you will have the 1.2btc=12,000? is that right? thanks for your answers.

Sorry because I didn't deliver it fluently but for those who understand what I mean, can I ask your opinion? Thanks!

Really true, your mindset is right. I'll do what the people do to make money, never sell when the price go drop or just come back into beginning. We trade/ invest to make money and our asset ( time, fund )should become profit. But now I try to understand old pattern about " split " money into some coins, so if one coins get drop maybe I can get from another one. Good luck with you.

Rose119

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Quote from: eagleman on February 27, 2018, 06:59:26 PM

I guess you have gained answers already and you understood it correctly on how you are losing and earning on altcoin --> bitcoin trading.

Quote from: pinky on February 27, 2018, 05:18:54 PM

Altcoin trading can be risky and it is not suitable for everyone. Be careful when you try to swim in waters that full of sharks Wink

Pump and Dump can destroy whole concept of project because investors are loosing the confidence in this price range.

You're not helping though, what project are you talking about? He's just asking about the logic of his profits and the way it will lose when value goes down.

Maybe she's just telling the truth, well we all know that trading is risky, and before we start we need to know first everything we can face If we do it, all i can say is before you start trading try to control first your emotions, because you can easily panic in the first time you do it.

eagleman

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I guess you have gained answers already and you understood it correctly on how you are losing and earning on altcoin --> bitcoin trading.

Quote from: pinky on February 27, 2018, 05:18:54 PM

Altcoin trading can be risky and it is not suitable for everyone. Be careful when you try to swim in waters that full of sharks Wink

Pump and Dump can destroy whole concept of project because investors are loosing the confidence in this price range.

You're not helping though, what project are you talking about? He's just asking about the logic of his profits and the way it will lose when value goes down.

Viriatu

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Quote from: coolcoinz on February 26, 2018, 01:53:05 PM

You got it right, but that is only when your goal is to ultimately have more USD. I'm trading against BTC to ultimately have more of it, regardless of its fiat value. I'm doing so with all my all my airdropped and forked coins. I'm not focusing on trading Bitcoin for fiat but on trading altcoins for Bitcoin, so I'm mainly interested in how the alts are holding against it. To be honest, if you're trading cryptocurrency pairs for BTC not tether or fiat, it's hard to keep track of your fiat profits. I have no Idea how people manage to do both on a daily basis.

I could not say it better this idea of not looking at the numbers is just simple to some but i now see not all people think this way... its hand in pai with the raise in pop and news and social references.... interesting how ideas of value are so different.

kamaevoleg

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Yes you are right about that. But as coolcoinz mentioned, only if you want to have more fiat money at the end of the day. In my opinion BTC value will rise vs Fiat year by year so you do not have to worry about the dips meanwhile. I think you are on the right path to success. Wink

pinky

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Altcoin trading can be risky and it is not suitable for everyone. Be careful when you try to swim in waters that full of sharks Wink

Pump and Dump can destroy whole concept of project because investors are loosing the confidence in this price range.

Ayiranorea

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Quote from: Nikkolodeon on February 26, 2018, 01:32:21 PM

I'm a little bit confused guys. For example The situation is you bought an altcoin for 1 btc, let's say 1btc=10,000. so you bought an altcoin and you gained a profit so your 1btc became 1.2btc and you sold iyour altcoin for 1.2btc, but the value of btc drops let's say 1btc=9,000.. that way you will lose right? but will you regain your money or profits if the value of btc comes back to 10,000 another day? and you will have the 1.2btc=12,000? is that right? thanks for your answers.

Sorry because I didn't deliver it fluently but for those who understand what I mean, can I ask your opinion? Thanks!

You've understood better about trading, to overcome the loss happening with time traders use different strategies and avoid the losses. This is the responsibility of the trader, while few traders just have patience and hold it and spend only when the price increases as expected.

Dart18

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Well your English is way too easy to understand than others. Good effort.

Same thing happens withe the altcoin you will buy. They also fluctuate in USD value. Actually almost every coin except the dead ones and Tether which is one is to one USD.
Now, you will just have to wait for bitcoin to line up again with the price you have bought it then you could withdraw if that is your choice or wait for it to fluctuate up, if ever it will happen. I am not suggesting it for I dont want you to blame me if something horrible happens.

Casabrandy

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Quote from: Rashid555 on February 27, 2018, 01:05:36 PM

If you are used to crypto market then the trading is good for you to start the bitcoin and altcoin trading all of them are good to take a start the fee for trading is also reasonable and if the governments start the businesses over the internet then the crypto currencies will be more valuable and all the altcoin prices will also high with this strategy and it is said that in the year 2018 the businesses will start online payments then the crypto currency will also a big role in the society to fulfill the people needs.

Many companies especially in Japan are starting to paid their employees thru bitcoin, and I think its good idea since the value rises over time, its an instant investment. As well the availability of it to be adapted is way easy too there are ICO that uses blockchain system for a proper distribution of funds.

iv4n

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Quote from: Omega Weapon on February 27, 2018, 12:25:06 PM

Quote from: Nikkolodeon on February 26, 2018, 01:32:21 PM

I'm a little bit confused guys. For example The situation is you bought an altcoin for 1 btc, let's say 1btc=10,000. so you bought an altcoin and you gained a profit so your 1btc became 1.2btc and you sold iyour altcoin for 1.2btc, but the value of btc drops let's say 1btc=9,000.. that way you will lose right? but will you regain your money or profits if the value of btc comes back to 10,000 another day? and you will have the 1.2btc=12,000? is that right? thanks for your answers.

Sorry because I didn't deliver it fluently but for those who understand what I mean, can I ask your opinion? Thanks!

I know it can be confusing to start trading with bitcoin, but your example was correct, however when you invest bitcoin we need to look at the earnings in bitcoin, so investing 1 BTC in an alt and then getting 1.2 BTC means you multiplied your holdings even if the price of bitcoin went down, I know that many care more about the price in dollars and there is nothing wrong with that but if you invest bitcoin the most important thing are your bitcoin profits.

He is correct, you are correct, but you need to see a bigger picture here. You have 1 BTC and that is 10k dollars, what you wish to have more in couple weeks? Everyone should know that first, wbitcoin final goal. Market is working all the time, if you wish to make more bitcoins you do that by investing in some alts or icos, but then you move dollars on a side, you watch prices in bitcoins and pairs with bitcoin. If you wish more dollars you watch pairs with dollars. Its different topic what will go up or down, and other predictions, what is important is that you need to know what you wish and to know where to watch to get what you need more.

Rashid555

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If you are used to crypto market then the trading is good for you to start the bitcoin and altcoin trading all of them are good to take a start the fee for trading is also reasonable and if the governments start the businesses over the internet then the crypto currencies will be more valuable and all the altcoin prices will also high with this strategy and it is said that in the year 2018 the businesses will start online payments then the crypto currency will also a big role in the society to fulfill the people needs.

Omega Weapon

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Quote from: Nikkolodeon on February 26, 2018, 01:32:21 PM

I'm a little bit confused guys. For example The situation is you bought an altcoin for 1 btc, let's say 1btc=10,000. so you bought an altcoin and you gained a profit so your 1btc became 1.2btc and you sold iyour altcoin for 1.2btc, but the value of btc drops let's say 1btc=9,000.. that way you will lose right? but will you regain your money or profits if the value of btc comes back to 10,000 another day? and you will have the 1.2btc=12,000? is that right? thanks for your answers.

Sorry because I didn't deliver it fluently but for those who understand what I mean, can I ask your opinion? Thanks!

I know it can be confusing to start trading with bitcoin, but your example was correct, however when you invest bitcoin we need to look at the earnings in bitcoin, so investing 1 BTC in an alt and then getting 1.2 BTC means you multiplied your holdings even if the price of bitcoin went down, I know that many care more about the price in dollars and there is nothing wrong with that but if you invest bitcoin the most important thing are your bitcoin profits.

JC btc

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Quote from: bingble on February 27, 2018, 10:33:52 AM

Quote from: coolcoinz on February 26, 2018, 01:53:05 PM

You got it right, but that is only when your goal is to ultimately have more USD. I'm trading against BTC to ultimately have more of it, regardless of its fiat value. I'm doing so with all my all my airdropped and forked coins. I'm not focusing on trading Bitcoin for fiat but on trading altcoins for Bitcoin, so I'm mainly interested in how the alts are holding against it. To be honest, if you're trading cryptocurrency pairs for BTC not tether or fiat, it's hard to keep track of your fiat profits. I have no Idea how people manage to do both on a daily basis.

Agree. It is more simple if we always trade alts against BTC.

In the fact, there are many persons want to make so called Real Profit, then they can calculate the Profit against USD or USDT, it is also simple.

Yes, when I started trading as well it makes me confused about how I am going to compute if I already gain or not since bitcoin price vary from time to time, but through analyzing and experience I had eventually have my own computation, it is hassle actually and needs a lot of patience and your time.

bingble

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Quote from: coolcoinz on February 26, 2018, 01:53:05 PM

You got it right, but that is only when your goal is to ultimately have more USD. I'm trading against BTC to ultimately have more of it, regardless of its fiat value. I'm doing so with all my all my airdropped and forked coins. I'm not focusing on trading Bitcoin for fiat but on trading altcoins for Bitcoin, so I'm mainly interested in how the alts are holding against it. To be honest, if you're trading cryptocurrency pairs for BTC not tether or fiat, it's hard to keep track of your fiat profits. I have no Idea how people manage to do both on a daily basis.

Agree. It is more simple if we always trade alts against BTC.

In the fact, there are many persons want to make so called Real Profit, then they can calculate the Profit against USD or USDT, it is also simple.

bitterguy28

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Quote from: Nikkolodeon on February 26, 2018, 01:32:21 PM

I'm a little bit confused guys. For example The situation is you bought an altcoin for 1 btc, let's say 1btc=10,000. so you bought an altcoin and you gained a profit so your 1btc became 1.2btc and you sold iyour altcoin for 1.2btc, but the value of btc drops let's say 1btc=9,000.. that way you will lose right? but will you regain your money or profits if the value of btc comes back to 10,000 another day? and you will have the 1.2btc=12,000? is that right? thanks for your answers.

Sorry because I didn't deliver it fluently but for those who understand what I mean, can I ask your opinion? Thanks!

Your truly correct and they have great points, even if bitcoin go down the price always remember the goal here is to increase the number of the bitcoin profits because in times of bitcoin price pumping again and again your profits become hugable thats called hold for long term of Bitcoin holders.
Buy and hold are the best strategy to earn profits.

CoinTxnBTC

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Simple math, do your own calculations.
If you can't count this, don't invest.

amrulshare

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Quote from: Thanasis on February 27, 2018, 07:36:08 AM

Quote from: aardvark15 on February 26, 2018, 05:57:50 PM

Quote from: Nikkolodeon on February 26, 2018, 01:32:21 PM

I'm a little bit confused guys. For example The situation is you bought an altcoin for 1 btc, let's say 1btc=10,000. so you bought an altcoin and you gained a profit so your 1btc became 1.2btc and you sold iyour altcoin for 1.2btc, but the value of btc drops let's say 1btc=9,000.. that way you will lose right? but will you regain your money or profits if the value of btc comes back to 10,000 another day? and you will have the 1.2btc=12,000? is that right? thanks for your answers.

Sorry because I didn't deliver it fluently but for those who understand what I mean, can I ask your opinion? Thanks!

You are correct that if you increase the amount of Bitcoin you own but the value in US dollars per Bitcoin drops, you could still lose money. You may have a goal to increase Bitcoin regardless of the Bitcoin value if you trust that eventually Bitcoin will increase in value later. That is a legitimate strategy. There are many different trading strategies and they will depend on your particular goals.

Agree with you for now he should concentrate on the profits in terms of bitcoin not in the USD because the price of bitcoin will jump later at the end of this year so keep doing that then you will have good return.

what if the prediction is going backward, I do that every time but always go the wrong way and the best way to leave that coin in the personal wallet for many decades

Topic: Altcoin Trading - page 4. (Read 1028 times)