Bitcoin up Altcoin down | what is your trading strategy? - page 4.

redsun114

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Quote from: kamBlanV on October 31, 2017, 11:42:38 PM

Bitcoin prices are getting more expensive and the price of altcoin is getting lower.
For you altcoin traders, I want to know how the strategy you are using in the current situation. Let's share the experience here.
Your answer is greatly appreciated. Wink

Who said that Altcoins are going down in price? Have you been monitoring Ethereum as of recently? Maybe you never did, cause if you did, you will notice that the price was never depreciating in any way, rather it keeps on appreciating, though it’s little by little, but I’m sure that’s how Bitcoin has been all this while to.

777Bitcoin

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Quote from: kamBlanV on October 31, 2017, 11:42:38 PM

Bitcoin prices are getting more expensive and the price of altcoin is getting lower.
For you altcoin traders, I want to know how the strategy you are using in the current situation. Let's share the experience here.
Your answer is greatly appreciated. Wink

If you have altcoins in your position it’s either you hold it or sold it is in you discretion. If you hold and refused it wait until the price will increase and that is totally gor long term. If you sold them buy some bitcoin to have more free coins in this coming November 16th Segwit2x fork. This days as bitcoin movements increases, the better way to have profit is holding it.

aardvark15

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Quote from: kamBlanV on October 31, 2017, 11:42:38 PM

Bitcoin prices are getting more expensive and the price of altcoin is getting lower.
For you altcoin traders, I want to know how the strategy you are using in the current situation. Let's share the experience here.
Your answer is greatly appreciated. Wink

If an altcoin is down in price (and if it is a good altcoin) then that is the time to buy it. Always buy low and sell high, so theoretically if Bitcoin is at a new high and a good altcoin is low, you should sell Bitcoins and buy the altcoin.

However, you don’t have to trade Bitcoins for altcoins. You can trade Bitcoin for fiat or altcoins for fiat. There are many combinations for trading. I suggest that you stick with only a handful of trading pairs to make it less confusing.

Also, even when altcoins are down relative to Bitcoin, they may not be down relative to fiat, so you have several things to look at when trading.

Creepings

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Quote from: xandriel on November 02, 2017, 12:45:33 PM

For me, I will wait until this weekend. If it does not recover, I will sell all to invest Bitcoin. Altcoins have dropped for a few weeks ago and I can't waste my time.

That is just obvious right? When bitcoin pumps, altcoins dumps. And the most effective strategy here is to wait for the bitcoin price to dump where usually altcoin prices pumps and then use that altcoins to buy bitcoin.

taktik

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Quote from: Agamemnus on November 02, 2017, 03:28:50 PM

Trading strategy is very conservative. I buy 95% bitcoins and play around with the other digital currencies on the side. These altcoins, and now forkcoins, are all extremely speculative and provide no long term value whatsoever. The risk is extremely high when you are investing and trading with these currencies, so it's much easier to just buy and hold bitcoins. You'll have less stress and more wealth.

I completely agree with you in this matter, especially if you take into account that the price for Bitcoin is almost again going to the maximum reading and other alternative coins are better exchanged for Bitcoin in any case. I have already made sure that only with Bitcoin can a good earning, and not with other coins.

Agamemnus

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Trading strategy is very conservative. I buy 95% bitcoins and play around with the other digital currencies on the side. These altcoins, and now forkcoins, are all extremely speculative and provide no long term value whatsoever. The risk is extremely high when you are investing and trading with these currencies, so it's much easier to just buy and hold bitcoins. You'll have less stress and more wealth.

golekcepot

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I have sold my btc as much as 75%, the profit I get is very remarkable.
To be honest, initially I was about to sell 25% for the cost of my sick mother's treatment, and I don`t know that Bitcoin has a significant increase, I'm finally interested in getting more profit, which 25% I left for investment.

Iveyalla

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I split my investment on btc and alt. So, I can still get from the increasing btc, although on the other side my investment has a little weakening. But i am optimistic and can still be patient to hold it longer.

raking

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Quote from: kamBlanV on October 31, 2017, 11:42:38 PM

Bitcoin prices are getting more expensive and the price of altcoin is getting lower.
For you altcoin traders, I want to know how the strategy you are using in the current situation. Let's share the experience here.
Your answer is greatly appreciated. Wink

I think it is best to separate these two things out. If altcoins prices fall I will continue to wait until the price increases again. btc prices rise, if i am owning btc i will sell or wait for higher prices. If I do not own btc I will invest money in btc and wait for it to increase further to sell. To me, that's the best I can do.

xandriel

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For me, I will wait until this weekend. If it does not recover, I will sell all to invest Bitcoin. Altcoins have dropped for a few weeks ago and I can't waste my time.

dustboy

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When altcoin drops down, I will just keep it or I will buy some more as long as it is an alt which has nice chart in their trading history. Buying it more with a big hope that it will be pumped once bitcoin price goes down. I'm now buying more dogecoin, even though this coin has no so good trading history because most of the time it will only stuck at xx satoshi but I think it will up again in the future.

ImHash

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There is no definitive strategy in such situations, If you are holding altcoin and bitcoin price moving fast upwards you are losing money just by holding them, Now people are selling their altcoins to get as much bitcoin as possible, When they are dumping who do you think is buying? Whales are stashing bags over bags of altcoins and later when miners dump their bitcoins for big profits they will actually buy back altcoins with the profit made from selling thus auto pumping them and make the whales richer. This is also my strategy since I'm a whale Cheesy

tuniscu

newbie

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My business strategy is to wait for altcoin prices to decrease,I will buy into. then wait for the bitcoin price to drop, atlcoin price increase i will sell out and buy bitcoin. that's my my business strategy

dothebeats

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Cashback 15%

Personally I wouldn't touch my coins until the fork concluded and trading is live for the forked coin. The action needs to be swift though to not miss on dropped altcoins and to get the most value out of your investment. Also, I would sacrifice any potential gains from the forked coin to invest on a much higher return for alts. In that way I'm making a nice hefty profit without wasting too much time as well

wantjokull

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Quote from: kamBlanV on October 31, 2017, 11:42:38 PM

Bitcoin prices are getting more expensive and the price of altcoin is getting lower.

For you altcoin traders, I want to know how the strategy you are using in the current situation. Let's share the experience here.

Your answer is greatly appreciated. Wink

There is opposite correlation for sure. As if now if you see the HitBTC trade window then you will find how the top alt coins are down to -10-20% and how the bitcoin is completely green with +7% of rate as compared to start point. I mean there is simple fact of people selling alt coins for bitcoin and thats why pumped prices of bitcoin. Also, bitcoin is getting its potential hike form the real world also as new investors are popping in everyday which makes it more stronger currency. Once people see that how it is going they will always choose to buy more and sell the alt coins as an investment for it, thus making the effect even larger. May be thats why all this.

shadowdio

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Zawardo

I'm only trading in ethereum or litecoin they are trusted coin for me, I don't know other altcoin some they are not trusted because some coins that I trade did not go up even bitcoin is going down, well my strategy is once bitcoin price is up and if my altcoin like ethereum is going down then I'm gonna hold it, well I'm sure it will go up its like a roller coaster you know.

ajqjjj

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Not your Keys, not your Bitcoin

Quote from: franss on November 01, 2017, 05:36:40 AM

Quote from: kamBlanV on October 31, 2017, 11:42:38 PM

Bitcoin prices are getting more expensive and the price of altcoin is getting lower.
For you altcoin traders, I want to know how the strategy you are using in the current situation. Let's share the experience here.
Your answer is greatly appreciated. Wink

For me, i will be hold the coin until the price up again.
I am not worried about that Wink

I think your decision is not good for future. Altcoin value is more fluctuation in the market. So better we change to invest in Bitcoin. Some users are before think the future value. Which coin is good for future. How it is develop in the market. Because we choose good altcoins or Bitcoin. Most of the traders are invest Bitcoin. They have good profitable investment in the market.

equator

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Quote from: kamBlanV on October 31, 2017, 11:42:38 PM

Bitcoin prices are getting more expensive and the price of altcoin is getting lower.
For you altcoin traders, I want to know how the strategy you are using in the current situation. Let's share the experience here.
Your answer is greatly appreciated. Wink

My theory is simple i am just holding my altcoins and not at all watching the price as i know they are down more then 90%. Next week i am getting my payment then thinking of investing in them as i know when bitcoin correction will start all altcoin price will start to jump

xenomorphe1

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If i want stability, i would buy Dogecoin. But if i want to earn more coins, i would buy BTC. Dogecoin is very solid compare to other altcoins (it's value doesn't change a lot), BTC is very strong and a sure investment.

ibuddy122505

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Just follow the ecosystem. Regarding bitcoin huge bull run, altcoins market turns into Bloodbath. That's normal so don't be crazy HODLer of altcoins. Bitcoin hitting some resistance, then expect Alt coins to be going up. Alts will go up afterwards as money flows back into the ecosystem.

Topic: Bitcoin up Altcoin down | what is your trading strategy? - page 4. (Read 1951 times)