Altcoin Trading - page 5. | Bitcointalksearch.org

Thanasis

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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.

wayaneka

full member

Activity: 644

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For newcomer in altcoin trading for the better trade in crypto paired with USD so will be more easy to trade and to calculate profit/loss. When we are trade in paired BTC with altcoin is more difficult to trade because we should be make analysis in 2 different price.

Leonard2016

hero member

Activity: 1036

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The coz of ur headache is that you are still thinking in fiat!
If you forget about fiat currency and thinking by bitcoin everything would be solved!

JainaVsUther

copper member

Activity: 123

Merit: 4

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.

Can I ask with this strategy of yours since I notice it's quite common with old timers here. Are you of the genuine belief BTC will be adopted as a world currency and accepted for global payment of goods and services, and this is why your primary goal is to be rich in BTC over fiat? Also have you been successful diversifying in alts to make gains in BTC or did BTC as an overall outperform this strategy?

Nikkolodeon

member

Activity: 98

Merit: 14

Wow thanks guys! You are a huge help! I have been thinking about it for few days already but I still can't get it so I posted here, and I am really glad that this forum can always help me whenever I have questions on my mind. Trading really can be easier if you have someone you can learn from. I will download the blockfolio later it seems like very helpful to prevent losses.

Indrawan77

hero member

Activity: 1274

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Yes you calculate it correctly, that is why I suggest you to trade using fiat, so its not too confusing, if you trade it with btc, you need extra job to see the btc price, either it's up or down, and to be honest it's bit difficult to calculate the profit when you trade like that, and in your case if the bitcoin price going up again then you will get more profit

CODE200

sr. member

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Quote from: ldah94 on February 26, 2018, 05:44:20 PM

the smaller the bitcoin and the higher the altcoin, the more btc it will have and thus it will accumulate bitcoin because it buys it cheaper, it will not lose its profits if it sells these bitcoins until its price rises above the price it bought.

In context bitcoin and altcoin development is quite related to each other where its ability to progress and to develop is on the hands of the supporters or the user of Bitcoin in terms of transactions and establishing an investment for future and for us to earn and gaming profit.

lagista

full member

Activity: 336

Merit: 100

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 would suggest you do not sell in btc, you can sell in eth and eth have stable price. so I think we can make sales comparison by using btc or eth to make bigger profit.

aardvark15

hero member

Activity: 1008

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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 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.

ldah94

full member

Activity: 350

Merit: 102

the smaller the bitcoin and the higher the altcoin, the more btc it will have and thus it will accumulate bitcoin because it buys it cheaper, it will not lose its profits if it sells these bitcoins until its price rises above the price it bought.

Jaycee99

sr. member

Activity: 1036

Merit: 273

Yes you got it right, When you bought bitcoin you gained more (base on your examples) due to price value increase. I would like to give a suggestion you should download an application its blockfolio. You can use this to be upted on the value (sky rocket)increase and decreasing the is going or still to happen.

By this application you can now not loose any profit if you online 24/7 becauase you can't be updated because no Internet connection. This application is kind an alarm so holders and trading can know what will they do next.

lite

legendary

Activity: 1400

Merit: 1009

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?

Yeah, you will lose some of your gains, but you would still be in profit.
So you bought an altcoin for 1 BTC and bitcoin price is at $10k.
Now you made a profit of 0.2 BTC by selling your altcoin, you now have a total of 1.2 BTC.
That 1.2 BTC will be worth $10800 when price of BTC will be $9k, you'll be up $800.

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

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.

Yes that's correct.
When BTC price recovers back to $10k you'll have more USD profit(+$1200 or $12k total).

coolcoinz

legendary

Activity: 2814

Merit: 1192

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.

Nikkolodeon

member

Activity: 98

Merit: 14

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!

Topic: Altcoin Trading - page 5. (Read 1028 times)