Buying with ETH Pair confusion - page 2.

santiPOGI

full member

Activity: 1004

Merit: 111

Quote from: TUMAS on August 10, 2018, 08:08:38 AM

Need help with my query:

I have 3.5 eth which was bought at a price of $1,878
Value is now $ 1,249

Now if I buy a coin example XRP at 0.32 with all my eth, will I be loosing even more indirectly as I am buying something with my current ETH?

This confused the shit out of me

You will lose just 0.01 percent, this is for the fee on exchange.
But if you think it will go rise then its nothing to worry about that 0.01percent.
If you think ETH will go rise soon then you must stay.

BitcoinNewbie15

sr. member

Activity: 574

Merit: 296

Bitcoin isn't a bubble. It's the pin!

Quote from: TUMAS on August 13, 2018, 06:42:46 AM

Quote from: MilfordGannon on August 13, 2018, 06:27:10 AM

You already on lose with ETH so I hope you will be careful with your next step and wish you will be helped by experienced one.

Yes thats why I wrote here. I am -600 on ETH and wanted to know if i go in xrp or zrx I will get a good pump and sell back into eth.

Realistically, there is no way of knowing what alt would be good to exchange for. You always could exchange your ETH for XRP but then ETH could pump massively and you are stuck holding a sideways moving bag of XRP. I think if you are down that much already, it's best to just Hodl ETH. ETH has fantastic developers making dApps and improving the network as a whole. It has a great roadmap, and once sharding comes out, it will be a whole different landscape. I am much more bullish on ETH than I am on these other alts. The price is already really low, I don't see it going much lower than this.

LateMoveR52

newbie

Activity: 112

Merit: 0

That need to be careful when anyone take decision to sell some and by these they want to buy some. They have helped by experienced someone otherwise they can faced difficulty.

TUMAS

jr. member

Activity: 266

Merit: 2

Quote from: MilfordGannon on August 13, 2018, 06:27:10 AM

You already on lose with ETH so I hope you will be careful with your next step and wish you will be helped by experienced one.

Yes thats why I wrote here. I am -600 on ETH and wanted to know if i go in xrp or zrx I will get a good pump and sell back into eth.

MilfordGannon

newbie

Activity: 210

Merit: 0

You already on lose with ETH so I hope you will be careful with your next step and wish you will be helped by experienced one.

TUMAS

jr. member

Activity: 266

Merit: 2

If you want to hold eth , you can hold , when the market will be in up , you will get profit.
[/quote]

with a quick calculation you can see that OP has bought his ETH at $536 ($1,878/3.5) and the current price is $300ish which is about 40% or more loss. the market needs to see a huge pump of 70% before OP starts seeing his money back and another 5% to see a small profit!
and that is only assuming ETH is not going to fall any lower like reaching $100
[/quote]

Exactly.. I need a 70% pump to start seein money back.. So I dont know if I should hold my ETH or go in for something like ZRX to make some money..

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: TUMAS on August 13, 2018, 02:31:51 AM

OK so it never makes sense that when your traiding pair which is ETH and is dropping you never buy a dropping coin.

I know that ZRX is one which recovers very fast and with its current price it will easily hit a 40c increase in no time. Is that still a bad decision to go for ZRX/ETH in the current market situation?

it is hard to choose an altcoin in this market these days because they are all getting dumped but 0x seems to be holding its ground above 13k satoshi pretty well although its USD value have been declining. so i don't know whether there is a rise in its near future or not to be honest.

Quote from: dgoswami12 on August 13, 2018, 02:39:03 AM

If you want to hold eth , you can hold , when the market will be in up , you will get profit.

with a quick calculation you can see that OP has bought his ETH at $536 ($1,878/3.5) and the current price is $300ish which is about 40% or more loss. the market needs to see a huge pump of 70% before OP starts seeing his money back and another 5% to see a small profit!
and that is only assuming ETH is not going to fall any lower like reaching $100

dgoswami12

copper member

Activity: 253

Merit: 2

Quote from: TUMAS on August 13, 2018, 02:31:51 AM

OK so it never makes sense that when your traiding pair which is ETH and is dropping you never buy a dropping coin.

I know that ZRX is one which recovers very fast and with its current price it will easily hit a 40c increase in no time. Is that still a bad decision to go for ZRX/ETH in the current market situation?

If you want to hold eth , you can hold , when the market will be in up , you will get profit. But if you want to convert your eth to alts , you can choose any coins that is good for you , dont fall in for any signal groups , mostly they are created for manipulating the market. And the only way you can a make profit in this case is when the currency you bought will be in up.

McDevlin182

newbie

Activity: 27

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To figure out if you are "loosing" or profiting off of an investment the first thing you have to decide is..... What is your end goal? For example in this market are you trying to gain BTC value, ETH value, some other "altcoins" value, or fiat value? If you are just concerned about gaining fiat value and both XRP and ETH dropped by 30% in USD then it doesn't matter which one you hold onto. Likewise if you are just concerned with gaining BTC value compare how these coins/tokens have been shrinking/growing as compared to BTC. If they are moving by the same percentages then it doesn't matter. In the end if you don't move your financial value out to fiat or a "stable asset" you technically never make a profit or a loss anyway.........

TUMAS

jr. member

Activity: 266

Merit: 2

OK so it never makes sense that when your traiding pair which is ETH and is dropping you never buy a dropping coin.

I know that ZRX is one which recovers very fast and with its current price it will easily hit a 40c increase in no time. Is that still a bad decision to go for ZRX/ETH in the current market situation?

Herbert2020

legendary

Activity: 1946

Merit: 1137

it doesn't matter what you convert your ETH to, as long as that secondary coin is also falling down you will lose money. for example in this case XRP is also falling down so buying it means you get out of ETH for falling to go in another coin that is falling!

the only way you can make profit is if the second coin is rising. for example if you had bought Peercoin yesterday with your money instead of holding ETH or converting it to another dumping coin like XRP then you could have made 35% profit meaning turning your $1249 into $1686

TUMAS

jr. member

Activity: 266

Merit: 2

Guys?

TUMAS

jr. member

Activity: 266

Merit: 2

Need help with my query:

I have 3.5 eth which was bought at a price of $1,878
Value is now $ 1,249

Now if I buy a coin example XRP at 0.32 with all my eth, will I be loosing even more indirectly as I am buying something with my current ETH?

This confused the shit out of me

Topic: Buying with ETH Pair confusion - page 2. (Read 206 times)