altcoins investing - Earn dollar and lose btc

Kallipso

full member

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Quote from: holden.commodore on December 16, 2017, 07:19:46 PM

Most of the altcoins are losing and will continue to lose value in btc to balance their prices in dollar.
So if you are thinking to invest in altcoins for the long tem, keep that in mind. You might even be in profit, but your 1 btc today can become 0.5 btc when investing in altcoins.

Yes, but even if I find money to invest in 1 bitcoin, who will give me a guarantee that by the summer it will not be in the fall and I will already lose a significant part of the profits. On the altcoins, losses are not so noticeable and the risk is much less, because you can split the investment.

qazgroup

member

Activity: 1022

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RiveMont

Yes you are right some of my bad investments in 2017 are still giving me big loss in terms of btc but according to dollr wise they are fine and it really confuses me, im still holding in the hope of better prices in terms of btc.

apur688

jr. member

Activity: 546

Merit: 4

In my opinion, to earn a lot of money, of course we have to work. And investing is the right thing to do. Investing altcoin is very profitable. Especially if you follow ICO, where the ICO has a very good prospects, guaranteed you will get a very big profit, even you can get more than thousands of dollars. But be careful in investing, because in this day and age a lot of deception. Determine your altcoin type before investing, observe the prospect carefully. So after investing and holding altcoin for some time, then the benefits you can get, either in dollars or bitcoin. Hopefully useful, thank you

Kingofbitcoin12345

full member

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I don’t have any clue why you have said: earn dollar and lose btc if there is an option for altcoin to convert in bitcoin in many exchanges and that’s even most user does.. The value of bitcoin can’t affect the altcoin price directly and vice versa.. So investing in altcoin is not a bad decision if you have the effort of knowing what coin is highly valuable in time.. I’m a bitcoin enthusiast but those statement of yours shows selfishness..

slyfox

member

Activity: 350

Merit: 10

Quote from: inferno0619 on December 17, 2017, 06:53:24 PM

Still kind of confused regarding all of this. So if I invested 1k USD in xrp ripple, and the price of it goes from .70 to 1.00 USD and during that time, BTC rises to 25,000 USD, when I trade ripple back for BTC, I would end up with less money then?

If the rise in ripple during that time was less than bitcoin then the answer is yes you lose money, things are not really that complicated you just need to get used to the conversions, this happens all the time with dollars as well, the difference here is instead of having two currencies you are using 3, BTC, USD and an altcoin.

Dullmartini

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Quote from: gon on December 17, 2017, 07:56:18 PM

Quote from: Dullmartini on December 16, 2017, 10:22:27 PM

I’m not sure I totally agrre with that. If you look at coin market cap you see everyday that some alts grow faster than btc. The key is to look at the satoshi price to see if you’ve made a profit and not the dollar price (unless you’re exiting the market and converting into fiat immediately).

He's right for 99% of coins.
Open the same tabs at coinmarketcap and check the value of almost any coin for few months back and you will see it. Yes, there are few unicorns but in general alts are losing bitcoin value.

I guess I’ve been really “lucky” then because most of my alts, save tenx and neo, have outperformed my btc investment. And I’m pretty sure neo will get there at some point. . I think there are a lot of coins with potential to outperform btc, you have to pick a good alt, not a shitcoin, and hold for a long time.

slyfox

member

Activity: 350

Merit: 10

Quote from: nsasuiteb on December 17, 2017, 02:50:29 AM

I think bitcoin is overpriced, its actual price must be like $7000-8000 not more, so this is because of that bitcoin is overpriced. In summer, btc was low, altcoins were high. This is a loop

It is very unlikely we are going to see bitcoin that cheap and if we do you better hurry up and buy because at those prices bitcoin is going to be a steal and anyone not taking advantage of that opportunity is going to regret it for the rest of their lives.

serhiopower

member

Activity: 423

Merit: 10

I would rather invest both into altcoins and into bitcoin not to loose the balance and to be be sure about investments

Maks123

full member

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Quote from: holden.commodore on December 16, 2017, 07:19:46 PM

Most of the altcoins are losing and will continue to lose value in btc to balance their prices in dollar.
So if you are thinking to invest in altcoins for the long tem, keep that in mind. You might even be in profit, but your 1 btc today can become 0.5 btc when investing in altcoins.

And why do I need bitcoin then explain. People usually go from bitcoin to alts and not vice versa, but even then, there is only one way to continue to throw their contributions into even better alts to rise. And in this case, reliance on the dollar.

renes

sr. member

Activity: 532

Merit: 250

I think investing or trading altcoins to increase bitcoin amount does not work, there is too much risk involved in it so most lose their btc

benmartin613

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Quote from: holden.commodore on December 16, 2017, 07:19:46 PM

your 1 btc today can become 0.5 btc when investing in altcoins.

Correct, investing in alt coins can bring you this result, this is the reason why i dont do much trading in alt coins, the risk involving in having or trading alt coin is so much that profit can be turned in a loss with an instant, for now im sticking to bitcoin and set aside alt coins.

gmf1000

sr. member

Activity: 400

Merit: 250

Play2Live presale starts on 5th December

Quote from: holden.commodore on December 16, 2017, 07:19:46 PM

Most of the altcoins are losing and will continue to lose value in btc to balance their prices in dollar.
So if you are thinking to invest in altcoins for the long tem, keep that in mind. You might even be in profit, but your 1 btc today can become 0.5 btc when investing in altcoins.

that's why today, I don't invest all of my money to BTC or ALT only...

I spend 80% to BTC and 20% to promising ALT...,,, I do believe BTC, as mother of all crypto, should be our 1st investment.. but seing that some alts grow faster than BTC, I humbly spend 20% of my investment money on them ~

Lontonbit

full member

Activity: 420

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Quote from: Marekeke on December 17, 2017, 07:03:52 PM

In general you should balance your portfolio. For me it is 65% BTC and 35% Alts.
It is true that BTC outperforms almost all Alts long term. Alts are especially good when BTC goes sideways or consolidates for a bit. If BTC is on a bull run I am more like 80% BTC and 20% alts.

All top 20 Alts have outperformed bitcoin this year

icanscript

hero member

Activity: 686

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Quote from: srqrebel on December 17, 2017, 07:39:43 PM

Some alt coins actually outperform Bitcoin - at least part of the time. For example, Spectrecoin has sharply outperformed Bitcoin for the past four days. It will probably continue to do so for a while longer, now that it is getting some well deserved attention.

XPS is generally a promising coin.
This is the most anonymous coin. It can work through protection environments from the TOR.
XPS is very undervalued by the market.

gon

sr. member

Activity: 460

Merit: 251

Quote from: Dullmartini on December 16, 2017, 10:22:27 PM

I’m not sure I totally agrre with that. If you look at coin market cap you see everyday that some alts grow faster than btc. The key is to look at the satoshi price to see if you’ve made a profit and not the dollar price (unless you’re exiting the market and converting into fiat immediately).

He's right for 99% of coins.
Open the same tabs at coinmarketcap and check the value of almost any coin for few months back and you will see it. Yes, there are few unicorns but in general alts are losing bitcoin value.

shinjunobi09

member

Activity: 126

Merit: 14

It's because the price of bitcoin has a huge gap among other coins out there in the cryptocurrency industry but if closely look and done your research on alternate coins then you would see that there is really profiy if you are exchanging it dollars not bitcoin.

srqrebel

full member

Activity: 256

Merit: 100

Some alt coins actually outperform Bitcoin - at least part of the time. For example, Spectrecoin has sharply outperformed Bitcoin for the past four days. It will probably continue to do so for a while longer, now that it is getting some well deserved attention.

oxonhu

full member

Activity: 336

Merit: 111

Quote from: holden.commodore on December 16, 2017, 07:19:46 PM

Most of the altcoins are losing and will continue to lose value in btc to balance their prices in dollar.
So if you are thinking to invest in altcoins for the long tem, keep that in mind. You might even be in profit, but your 1 btc today can become 0.5 btc when investing in altcoins.

this is what im saying for long time. you can make $ but you will lose your btc in the end of day. if btc stop to rise than we can make more btc by trading alts but btc was 4k on september and now its hitting 20k and people selling their alts suddenly when btc is rising. so you lose your btc so easy. you can still make some profit by trading alts but you must be careful

Marekeke

newbie

Activity: 30

Merit: 0

In general you should balance your portfolio. For me it is 65% BTC and 35% Alts.
It is true that BTC outperforms almost all Alts long term. Alts are especially good when BTC goes sideways or consolidates for a bit. If BTC is on a bull run I am more like 80% BTC and 20% alts.

inferno0619

newbie

Activity: 1

Merit: 0

Still kind of confused regarding all of this. So if I invested 1k USD in xrp ripple, and the price of it goes from .70 to 1.00 USD and during that time, BTC rises to 25,000 USD, when I trade ripple back for BTC, I would end up with less money then?

Topic: altcoins investing - Earn dollar and lose btc (Read 335 times)