Don't buy Bitcoin with alts! - page 7.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: HeartInfant on July 28, 2018, 07:15:55 PM

It is confusing that why those people do these things. If they hold those alt coins by doing proper research and buy BTC with fiat money theni think they will make more profits.

Altcoiners doesn't have to spend much more with fiat because they don't want to.

It's easier for them to convert their alts and most of those alts are ready to dispose on their part and that way, they don't understand why you are saying these advises.

If they think that there's potential with the altcoin they purchased, they won't sell it and use fiat for buying bitcoin. But that's their strategy and lets hope that they will consider this soon.

Kolapi

newbie

Activity: 37

Merit: 0

Quite firm run apply here, its all rely upon situation and what coin the purchaser have, as if a purchaser have some alt coin which he hodl for long time however not give benefit and in a similar time bitcoin value diminish then offering those garbage coin and purchasing bitcoin is savvy choice.

Shirin16

member

Activity: 254

Merit: 10

Quote from: dogtana on July 25, 2018, 12:25:39 PM

It seems many people are speculating the rise of BTC and therefore are transfering value from alts to BTC. But if you want BTC, buy it with FIAT! Fresh new funds are needed on the market! You are dumping alts making prices dump hard and maybe are speculating you will be able to buy more of the alts later on, but what idiot will selll it to you at that dumped price?? So if you want BTC, buy it with FIAT or at least don't expect to buy back more of the alts for cheap!

It is true..,
they sell altcoins and replace them with bitcoin.
we can see at this time that the altcoin market situation there is a deterioration rather than bitcoin that can run fast because there are many people who switch.
But DYOR !!!

Gaaara

hero member

Activity: 1106

Merit: 501

Quote from: dogtana on July 25, 2018, 12:25:39 PM

It seems many people are speculating the rise of BTC and therefore are transfering value from alts to BTC. But if you want BTC, buy it with FIAT! Fresh new funds are needed on the market! You are dumping alts making prices dump hard and maybe are speculating you will be able to buy more of the alts later on, but what idiot will selll it to you at that dumped price?? So if you want BTC, buy it with FIAT or at least don't expect to buy back more of the alts for cheap!

Nothing is more true than this, but it seems to be that altcoin is getting affected from the speculation of bitcoin which is to me is not a good thing, if this continues altcoin will have less priority as bitcoin and altcoins will be directly propositional and that means there is no right direction in both its like they are a coin of different sides the one suffers while the one wins and in altcoin an bitcoin case bitcoin will always end up winning.

silverston

hero member

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It is certainly understandable that it is better not to pour money from one coin to another so as not to fail the course, but tell me where to take Fiat if a person has already invested all of his money for example?

putriliesma

jr. member

Activity: 184

Merit: 1

I prefer to separate between bitcoin and altcoin. Because I invested in both coins and I also took a safe way so that I have a back up if one of my investment outcome loses.

gabrielkings

newbie

Activity: 98

Merit: 0

Wow... I must commend this. This has got to be the best crypto advise I've seen/heard this week. Thanks so much for this... Indeed, taking money out of alts to buy btc because we see BTC on the rise is wrong especially when you have the intention of coming back to buy the alt probably when you have made some percentage on the btc rise. Thanks for this advise.

taufik123

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Quote from: CryptoKush on July 28, 2018, 04:27:50 PM

I think it's too late to sell altcoins. This should have been done earlier. When people start to consider investing in altcoins as less profitable than Bitcoin then Altcoins will start a new wave of price growth.

now is the right time to buy altcoin. because bitcoin prices are experiencing a positive trend this week, altcoin prices have increased slightly. If bitcoin prices have broken the possibility of altcoin moon. not all altcoin are bad for investment, there are some altcoins that have a good future like ETH.

NervousWolf

newbie

Activity: 58

Merit: 0

I am agree with your opinion. Crypto market needs more fiat money for its growth. So we all should try to buy BTC with fiat money.

rabia_laskor

newbie

Activity: 168

Merit: 0

Yes, your points are logical. We should buy Bitcoin with fresh fiat money, not with altcoins. If we buy Bitcoins with altcoins, it will further lower the prices of altcoins. As a whole, this is definitely going to impact on the cryptocurrency market. So, we need to invest fresh fiat money while buying Bitcoins.

Remat34

newbie

Activity: 139

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Quote from: dogtana on July 25, 2018, 12:25:39 PM

It seems many people are speculating the rise of BTC and therefore are transfering value from alts to BTC. But if you want BTC, buy it with FIAT! Fresh new funds are needed on the market! You are dumping alts making prices dump hard and maybe are speculating you will be able to buy more of the alts later on, but what idiot will selll it to you at that dumped price?? So if you want BTC, buy it with FIAT or at least don't expect to buy back more of the alts for cheap!

I love this piece. Exquisite indeed!

Sincerely speaking, I never knew the danger of selling altcoins to Bitcoin is as this bad until I saw this. Thus, thou am a great perpetrator of this bad, I have decided to stop and forcus on raising fresh doughs in getting my Btc and any other coins I choose to Invest in.

bitcolic

newbie

Activity: 66

Merit: 0

nowadays, altcoins bleeded pretty much so selling altcoins is just a suicide ..

medussa

newbie

Activity: 100

Merit: 0

Quote from: Lorence.xD on July 28, 2018, 04:09:36 PM

Quote from: Scientest on July 26, 2018, 08:14:43 AM

It actually depends. Depends on investors. There are huge noobs who only follow the % and buy. Bitcoin is definitely a good choice for investment while you are talkung about crypto, but, come on, you will regret later when you will miss the potential of having more profit from alt.

Yes, you have a good point but remember we have a lot of new comer in the market, that either they have full knowledge in trading, HODL, and investment nor they really New to this crypto market. One should note that individual reason for dumping their ALT coins or maybe it is just protecting their heavy loses in the market. i think some are just a panic reaction from the market movement.

There is always preference by new comers to buy bitcoin rather than alts.eventually those cash will flow ito the alts.and prices grow.Btc dominance at the moment is higer than 46 percent

medussa

newbie

Activity: 100

Merit: 0

Same strategy may not work for every one and every body cannot be a winner when it comes to trading. It will actually make more sense as you suggested to buy btc with fiats rather than with altcoins

vverrita

newbie

Activity: 70

Merit: 0

Quote from: Bile123 on July 28, 2018, 04:19:19 PM

I think everything in the crypto currency is on its shoulders. So that we all know what we want. And before we invest, we work out an action plan. What and when to buy. What is better to invest and so on.

Right! I also think that every investor should have a plan, without a plan at all anywhere!

CryptoKush

full member

Activity: 630

Merit: 101

I think it's too late to sell altcoins. This should have been done earlier. When people start to consider investing in altcoins as less profitable than Bitcoin then Altcoins will start a new wave of price growth.

CAPTAINPLANET

newbie

Activity: 111

Merit: 0

Actually no hard and fast rule apply here, its all depend on circumstance and what coin the buyer have, like if a buyer have some alt coin which he hodl for long time but not give profit and in the same time bitcoin price decrease then selling those junk coin and buying bitcoin is wise decision.

Bile123

member

Activity: 168

Merit: 10

I think everything in the crypto currency is on its shoulders. So that we all know what we want. And before we invest, we work out an action plan. What and when to buy. What is better to invest and so on.

CryptoKing888

newbie

Activity: 12

Merit: 0

Quote from: dogtana on July 25, 2018, 12:25:39 PM

It seems many people are speculating the rise of BTC and therefore are transfering value from alts to BTC. But if you want BTC, buy it with FIAT! Fresh new funds are needed on the market! You are dumping alts making prices dump hard and maybe are speculating you will be able to buy more of the alts later on, but what idiot will selll it to you at that dumped price?? So if you want BTC, buy it with FIAT or at least don't expect to buy back more of the alts for cheap!

Not everyone has additional FIAT to put into the market.

Lorence.xD

sr. member

Activity: 1624

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Quote from: Scientest on July 26, 2018, 08:14:43 AM

It actually depends. Depends on investors. There are huge noobs who only follow the % and buy. Bitcoin is definitely a good choice for investment while you are talkung about crypto, but, come on, you will regret later when you will miss the potential of having more profit from alt.

Yes, you have a good point but remember we have a lot of new comer in the market, that either they have full knowledge in trading, HODL, and investment nor they really New to this crypto market. One should note that individual reason for dumping their ALT coins or maybe it is just protecting their heavy loses in the market. i think some are just a panic reaction from the market movement.

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