Topic: BTC Price Change Factor in Trading - page 2. (Read 1418 times)
Chinese factor or more straighforward: PBOC fud.
So when trading altcoin with bitcoin, how does bitcoin price change affects your trade?
I mean if bitcoin price is low, and also an altcoin is at a dump, and you do the trade, and then both of them rise up, the altcoin you traded is at its peak in terms of its dollar value but as the bitcoin price is also very high, you won't be earning any profit even if you sell the altcoin at its peak.
so what are the appropriate solutions at this point of time, as you don't actually want to lose bitcoin and also don't want to lose the opportunity to make some profit as the altcoin you hold is at its peak.
Hope you guys got the scenario, I know its confusing.
I mean if bitcoin price is low, and also an altcoin is at a dump, and you do the trade, and then both of them rise up, the altcoin you traded is at its peak in terms of its dollar value but as the bitcoin price is also very high, you won't be earning any profit even if you sell the altcoin at its peak.
so what are the appropriate solutions at this point of time, as you don't actually want to lose bitcoin and also don't want to lose the opportunity to make some profit as the altcoin you hold is at its peak.
Hope you guys got the scenario, I know its confusing.
What I find is that when bitcoin rises, most altcoin in fiat terms rise as well.
But when bitcoin rises, most altcoins especially the top 10 altcoins will drop dramatically in bitcoin value or stay the same in value. They rarely will go up by a lot when bitcoin price is going up by tons as well.
This correlation is usually caused by altcoin traders are also bitcoin traders.
There is only so much money in the trader's hands, when they are long with bitcoin they can't be long with altcoins.
So when trading altcoin with bitcoin, how does bitcoin price change affects your trade?
I mean if bitcoin price is low, and also an altcoin is at a dump, and you do the trade, and then both of them rise up, the altcoin you traded is at its peak in terms of its dollar value but as the bitcoin price is also very high, you won't be earning any profit even if you sell the altcoin at its peak.
so what are the appropriate solutions at this point of time, as you don't actually want to lose bitcoin and also don't want to lose the opportunity to make some profit as the altcoin you hold is at its peak.
Hope you guys got the scenario, I know its confusing.
I feels the reality behind the trading with the change in the price . That I can explain it through my real example .I mean if bitcoin price is low, and also an altcoin is at a dump, and you do the trade, and then both of them rise up, the altcoin you traded is at its peak in terms of its dollar value but as the bitcoin price is also very high, you won't be earning any profit even if you sell the altcoin at its peak.
so what are the appropriate solutions at this point of time, as you don't actually want to lose bitcoin and also don't want to lose the opportunity to make some profit as the altcoin you hold is at its peak.
Hope you guys got the scenario, I know its confusing.
I made buy of blry when the price of the bitcoin was high , Since my profit in the blry increases by the price of blry in unit of BTC .
That means the investment 0.1btc is converted into 0.15 BTC but the price of the bitcoin goes down to about 40-50$ that was totally disappointing for me because my profit in the blry trading destroyed by the down in the price of the bitcoin .
So here we can say with increase of bitcoin price the price of altcoins goes down and vice versa .
I was thinking, is trading altcoin with another altcoin also possible? I mean, that can be used to compensate if used properly, right?
But here it is to noticed that the price is regraless of the price of the bitcoin Because at the trading sites the value of the altcoins depends upon the demand and bid of the users and traders .
Yes it's quite confusing but as far as I can understand, in my own perspective, you could not care about two different coins at the same time. If you are targeting bitcoin then go for bitcoin trading instead of thinking about how much it would be if converted to a certain altcoin because if bitcoin moves very fast how much faster would it be for altcoins.
My technique is select an altcoin which you think has a potential of growing then invest in it while estimating if bitcoin will grow by the time you are investing. Hope it helps.
My technique is select an altcoin which you think has a potential of growing then invest in it while estimating if bitcoin will grow by the time you are investing. Hope it helps.
So when trading altcoin with bitcoin, how does bitcoin price change affects your trade?
I mean if bitcoin price is low, and also an altcoin is at a dump, and you do the trade, and then both of them rise up, the altcoin you traded is at its peak in terms of its dollar value but as the bitcoin price is also very high, you won't be earning any profit even if you sell the altcoin at its peak.
so what are the appropriate solutions at this point of time, as you don't actually want to lose bitcoin and also don't want to lose the opportunity to make some profit as the altcoin you hold is at its peak.
Hope you guys got the scenario, I know its confusing.
I feels the reality behind the trading with the change in the price . That I can explain it through my real example .I mean if bitcoin price is low, and also an altcoin is at a dump, and you do the trade, and then both of them rise up, the altcoin you traded is at its peak in terms of its dollar value but as the bitcoin price is also very high, you won't be earning any profit even if you sell the altcoin at its peak.
so what are the appropriate solutions at this point of time, as you don't actually want to lose bitcoin and also don't want to lose the opportunity to make some profit as the altcoin you hold is at its peak.
Hope you guys got the scenario, I know its confusing.
I made buy of blry when the price of the bitcoin was high , Since my profit in the blry increases by the price of blry in unit of BTC .
That means the investment 0.1btc is converted into 0.15 BTC but the price of the bitcoin goes down to about 40-50$ that was totally disappointing for me because my profit in the blry trading destroyed by the down in the price of the bitcoin .
So here we can say with increase of bitcoin price the price of altcoins goes down and vice versa .
I was thinking, is trading altcoin with another altcoin also possible? I mean, that can be used to compensate if used properly, right?
So when trading altcoin with bitcoin, how does bitcoin price change affects your trade?
I mean if bitcoin price is low, and also an altcoin is at a dump, and you do the trade, and then both of them rise up, the altcoin you traded is at its peak in terms of its dollar value but as the bitcoin price is also very high, you won't be earning any profit even if you sell the altcoin at its peak.
so what are the appropriate solutions at this point of time, as you don't actually want to lose bitcoin and also don't want to lose the opportunity to make some profit as the altcoin you hold is at its peak.
Hope you guys got the scenario, I know its confusing.
I feels the reality behind the trading with the change in the price . That I can explain it through my real example .I mean if bitcoin price is low, and also an altcoin is at a dump, and you do the trade, and then both of them rise up, the altcoin you traded is at its peak in terms of its dollar value but as the bitcoin price is also very high, you won't be earning any profit even if you sell the altcoin at its peak.
so what are the appropriate solutions at this point of time, as you don't actually want to lose bitcoin and also don't want to lose the opportunity to make some profit as the altcoin you hold is at its peak.
Hope you guys got the scenario, I know its confusing.
I made buy of blry when the price of the bitcoin was high , Since my profit in the blry increases by the price of blry in unit of BTC .
That means the investment 0.1btc is converted into 0.15 BTC but the price of the bitcoin goes down to about 40-50$ that was totally disappointing for me because my profit in the blry trading destroyed by the down in the price of the bitcoin .
So here we can say with increase of bitcoin price the price of altcoins goes down and vice versa .
What you are telling is that change is for that time only but you can also see that when the alt coin price goes up and bitcoin price is going down is not bad because when i sell the altcoin in profit it is not necessary that immediately that sold altcoin bitcoins i am going to sell it as the price is low so i will keep the sold altcoin converted bitcoin in wallet and when the bitcoin price rises i will sell it so the profit is taken by both side. It is so simple for that you dont have to get complicated your self.
So when trading altcoin with bitcoin, how does bitcoin price change affects your trade?
I mean if bitcoin price is low, and also an altcoin is at a dump, and you do the trade, and then both of them rise up, the altcoin you traded is at its peak in terms of its dollar value but as the bitcoin price is also very high, you won't be earning any profit even if you sell the altcoin at its peak.
so what are the appropriate solutions at this point of time, as you don't actually want to lose bitcoin and also don't want to lose the opportunity to make some profit as the altcoin you hold is at its peak.
Hope you guys got the scenario, I know its confusing.
I feels the reality behind the trading with the change in the price . That I can explain it through my real example .I mean if bitcoin price is low, and also an altcoin is at a dump, and you do the trade, and then both of them rise up, the altcoin you traded is at its peak in terms of its dollar value but as the bitcoin price is also very high, you won't be earning any profit even if you sell the altcoin at its peak.
so what are the appropriate solutions at this point of time, as you don't actually want to lose bitcoin and also don't want to lose the opportunity to make some profit as the altcoin you hold is at its peak.
Hope you guys got the scenario, I know its confusing.
I made buy of blry when the price of the bitcoin was high , Since my profit in the blry increases by the price of blry in unit of BTC .
That means the investment 0.1btc is converted into 0.15 BTC but the price of the bitcoin goes down to about 40-50$ that was totally disappointing for me because my profit in the blry trading destroyed by the down in the price of the bitcoin .
So here we can say with increase of bitcoin price the price of altcoins goes down and vice versa .
So when trading altcoin with bitcoin, how does bitcoin price change affects your trade?
I mean if bitcoin price is low, and also an altcoin is at a dump, and you do the trade, and then both of them rise up, the altcoin you traded is at its peak in terms of its dollar value but as the bitcoin price is also very high, you won't be earning any profit even if you sell the altcoin at its peak.
so what are the appropriate solutions at this point of time, as you don't actually want to lose bitcoin and also don't want to lose the opportunity to make some profit as the altcoin you hold is at its peak.
Hope you guys got the scenario, I know its confusing.
I mean if bitcoin price is low, and also an altcoin is at a dump, and you do the trade, and then both of them rise up, the altcoin you traded is at its peak in terms of its dollar value but as the bitcoin price is also very high, you won't be earning any profit even if you sell the altcoin at its peak.
so what are the appropriate solutions at this point of time, as you don't actually want to lose bitcoin and also don't want to lose the opportunity to make some profit as the altcoin you hold is at its peak.
Hope you guys got the scenario, I know its confusing.
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