No one can disagree with you that most of the people really convert their profit into bitcoin. It also happens because of people whoae are new to crypto society they have less knowledge about it.So all that they are doing,they are following some peoples.they are going the same way.
Thanks for your suggestion,it helps me.
Topic: How to escape loss as an altcoin trader - page 2. (Read 1187 times)
To save profits traders, in my opinion, I prefer to go to gold or invest in assets that are less risky or can also convert them to fiat because cryptocurrency fluctuations are fast.
btc fluctuation is fast but alts are slower especially those that are close to being a stable coin . if you have alts you dont worry too much and you dont need to convert them for btc anymore unless if you dont like alts anymore , thats allowed .gold is a good alternative too , your few of those who plan that because usually when people invest on crypto they only stick to it
Personally, it is very difficult to find the intended pattern. So, most people have already bought their coins and are waiting for the pump. besides, to think that running away from defeat is to convert the assets we have into stable coins. yeah, but after that, we need our respective strategies.
Stablecoin saves all tokens from near depletion. Its a good way also to used stablecoin on the exchange to keep your profit on the go. I am bit skeptical sometime on what to buy but of course this is the reason why you should do a proper trading. Hard to escape loss when you already feeling the trap on altcoin. Its always better to be safe, and take your at all cost. Dont be greedy thats the best thing to do. 
I want to assume that there are few people, who make several profits from trading altcoins, but sell their profit to bitcoin, and then over time while holding bitcoin, it dumps and their profits dips alongside bitcoin.
Why not do it this way ?
Since you trade mostly in altcoins, as soon as your make your profits, sell them to stable coins or fiats, close that trade chapter.
If you are passionate about hodling bitcoin, always convert to usdt or other stable coins and be patient for a fair entry point. Because the market isn't running away
What do you think everyone ? is there a better pattern that can be practiced?
I am open to more suggestions.
To save profits traders, in my opinion, I prefer to go to gold or invest in assets that are less risky or can also convert them to fiat because cryptocurrency fluctuations are fast. The idea of storing it in USDT or any other stablecoin concept is indeed a good idea, and I'm sure many users are doing that especially since usdt has become a benchmark for other altcoins. Indeed in the worst case that the profits will decrease if bitcoin decreases but if bitcoin goes up? I thought it would be a good idea, moreover, the bitcoin market is currently dominating in the cryptocurrency market where the possibility of adoption is even greater, it might increase its value. Why not do it this way ?
Since you trade mostly in altcoins, as soon as your make your profits, sell them to stable coins or fiats, close that trade chapter.
If you are passionate about hodling bitcoin, always convert to usdt or other stable coins and be patient for a fair entry point. Because the market isn't running away
What do you think everyone ? is there a better pattern that can be practiced?
I am open to more suggestions.
avoiding losses having to really update about altcoin it when you have bought or haven't bought because I noticed altcoins can go up and down so fast
depending on how the owner's If the owner is able to make something that investors can trust then the altcoins will rise and vice versa if there is bad news atlcoin will go down a far
It's actually not that simple because not every news, either bad or good are legit. Some of them were fake just to give some fud or fomo. Being a trader means that you need to acknowledge the risks of losses and the other. While you could use every of your experience, your reseach either technical or fundamental will play a big part. And patient also would be the key. And most of all, try a good or major coins. But it's all down to personal experience. Not everyone can avoid losses and not everyone will have a bad day when trading. depending on how the owner's If the owner is able to make something that investors can trust then the altcoins will rise and vice versa if there is bad news atlcoin will go down a far
and also some original news doesn't have a significant impact on the token / coin.
So altcoins are very difficult to guess.
but some news is also sometimes accurate / working, so the form is formed before the event takes place.
avoiding losses having to really update about altcoin it when you have bought or haven't bought because I noticed altcoins can go up and down so fast
depending on how the owner's If the owner is able to make something that investors can trust then the altcoins will rise and vice versa if there is bad news atlcoin will go down a far
It's actually not that simple because not every news, either bad or good are legit. Some of them were fake just to give some fud or fomo. Being a trader means that you need to acknowledge the risks of losses and the other. While you could use every of your experience, your reseach either technical or fundamental will play a big part. And patient also would be the key. And most of all, try a good or major coins. But it's all down to personal experience. Not everyone can avoid losses and not everyone will have a bad day when trading. depending on how the owner's If the owner is able to make something that investors can trust then the altcoins will rise and vice versa if there is bad news atlcoin will go down a far
If you are a trader and this is your job, you always need to fix the profit in fiat, the trader and the holder are radically different in my opinion.
Yes, it is clear that traders and token holders are very different, because traders like to spin their money for profit or profit, whether it's daily or monthly, while token holders are just waiting for a good price when they want to sell it back. 
avoiding losses having to really update about altcoin it when you have bought or haven't bought because I noticed altcoins can go up and down so fast
depending on how the owner's If the owner is able to make something that investors can trust then the altcoins will rise and vice versa if there is bad news atlcoin will go down a far
depending on how the owner's If the owner is able to make something that investors can trust then the altcoins will rise and vice versa if there is bad news atlcoin will go down a far
I want to assume that there are few people, who make several profits from trading altcoins, but sell their profit to bitcoin, and then over time while holding bitcoin, it dumps and their profits dips alongside bitcoin.
Why not do it this way ?
Since you trade mostly in altcoins, as soon as your make your profits, sell them to stable coins or fiats, close that trade chapter.
If you are passionate about hodling bitcoin, always convert to usdt or other stable coins and be patient for a fair entry point. Because the market isn't running away
What do you think everyone ? is there a better pattern that can be practiced?
I am open to more suggestions.
Why not do it this way ?
Since you trade mostly in altcoins, as soon as your make your profits, sell them to stable coins or fiats, close that trade chapter.
If you are passionate about hodling bitcoin, always convert to usdt or other stable coins and be patient for a fair entry point. Because the market isn't running away
What do you think everyone ? is there a better pattern that can be practiced?
I am open to more suggestions.
I mainly trade on Altcoin/BTc pair and total my profit will be turned out Bitcoin and day by day, my Bitcoin amount will raise. And at the same time, I believe the price of Bitcoin also raise and my profit will increase exponentially
I want to assume that there are few people, who make several profits from trading altcoins, but sell their profit to bitcoin, and then over time while holding bitcoin, it dumps and their profits dips alongside bitcoin.
Why not do it this way ?
Since you trade mostly in altcoins, as soon as your make your profits, sell them to stable coins or fiats, close that trade chapter.
If you are passionate about hodling bitcoin, always convert to usdt or other stable coins and be patient for a fair entry point. Because the market isn't running away
What do you think everyone ? is there a better pattern that can be practiced?
I am open to more suggestions.
Some traders are already doing this, they always find their way to make a way of saving their assets than losing it. But, there is no way to escape loss, even the strategy you suggested that was already been used by other traders is not enough to escape loss. There's still a percentage where you will lose in trading depends on the movement of the market. Why not do it this way ?
Since you trade mostly in altcoins, as soon as your make your profits, sell them to stable coins or fiats, close that trade chapter.
If you are passionate about hodling bitcoin, always convert to usdt or other stable coins and be patient for a fair entry point. Because the market isn't running away
What do you think everyone ? is there a better pattern that can be practiced?
I am open to more suggestions.
For me, i feel either you are trading, investing or a steady hodler, there is a simple way to escape loss which is taking profit each time there is an opportunity to do so. Sell high, buy low should be your trading motives
It depends on trading strategy and how market is moving. If there is a loss on bitcoin then traders will not hold it either and convert it to stable coin. Traders used to convert their alts to btc for stability way before stable coins came along but since some of them have shown to be stable traders are moving towards them when there is instability in the market. Then, there is another market trend when alts become stable and btc starts moving up. that's when traders move their holdings to btc instead of stable. There is no right way to escape loss and as a traders that's a risk you take but with proper market research and training you can make decrease your risk.
There is a point you mentioned which got my attention, "there is no right way to escape loss". Even the strategy suggested by OP is not perfect, even though it might be helpful at times. As a trader, you definitely must lose at some point in time, even if you are a master in TA. If you win most of your trades and lose few, then you are doing great in trading. Even if you win 60-70%, that's not bad.
Many lost even their profits and capital out of greed, u do the people if which I was a victim to always sell thier profits and close the trading then use initial capital for another trading but hopefully a new coin not already traded. Most second entries of same coins do end up dumping on you. Let's learn to take profits
A person who waits too long for profit may fall into an mistake caused by greed.
When a coin begins to grow, a person wants to sell it at the highest point, he reaches the moment when the coin begins to fall.
Usually this drop is very sharp. Greed, as a rule, says that there is a chance that the coin will return to peak indicators in the near future, and the person is waiting, looking at the next drop.
It depends on trading strategy and how market is moving. If there is a loss on bitcoin then traders will not hold it either and convert it to stable coin. Traders used to convert their alts to btc for stability way before stable coins came along but since some of them have shown to be stable traders are moving towards them when there is instability in the market. Then, there is another market trend when alts become stable and btc starts moving up. that's when traders move their holdings to btc instead of stable. There is no right way to escape loss and as a traders that's a risk you take but with proper market research and training you can make decrease your risk.
We confidently hold bitcoin and let it move sideways or pump itself. We don't mind using stable currencies but if you are very delicate and value-sensitive, you can do this many times. It's a very well known strategy but you can't say Let everyone know what to do.
When you are losing a lot and holding bitcoin is not the right answer for this problem. Everyone should know bitcoin is very difficult to double on its price caused by it has priced so high. It's better to stick into the altcoin that can go more than 2x instantly.
because traders think differently, many traders want bigger profits. they trade in altcoins and then convert to bitcoin because they hope that bitcoin can also provide profit from bitcoin trading. This is actually the main reason why many traders don't convert to stable coins like USDT before they actually get the desired profit
I do not blame your way of thinking, and I must admit your opinion has a point. Most people get profit from trading altcoins
to buy Bitcoin which if the price of our assets can be reduced too. But think about the opposite what if the price of Bitcoin goes up,
we can get double profit. So the conclusion everyone has their own way to the profits that have been obtained. Some have bought
Bitcoin, some have been converted to stable and some are used gambling. Whatever your choice there must be consequences.
to buy Bitcoin which if the price of our assets can be reduced too. But think about the opposite what if the price of Bitcoin goes up,
we can get double profit. So the conclusion everyone has their own way to the profits that have been obtained. Some have bought
Bitcoin, some have been converted to stable and some are used gambling. Whatever your choice there must be consequences.
Putting profit from trading altcoins in BTC is a wise decision in my opinion and not otherwise. BTC has proven to increase in price over time against all odds, so if anyone converts profit to stablecoins, it's not a bad idea but not my style too. It's a two way thing anyway, but it gives me joy growing my BTC value over time, that's my major goal in this space.
The best way to avoid or escape loss as an altcoin trader is to learn to take profit and do away with greed. using stop loss can also help reduce the risk of losing all your funds. But do not always forget to avoid greed and take profit when you have an opportunity to do so , this way you will reduce the risk of losing as a trader.
I do not blame your way of thinking, and I must admit your opinion has a point. Most people get profit from trading altcoins
to buy Bitcoin which if the price of our assets can be reduced too. But think about the opposite what if the price of Bitcoin goes up,
we can get double profit. So the conclusion everyone has their own way to the profits that have been obtained. Some have bought
Bitcoin, some have been converted to stable and some are used gambling. Whatever your choice there must be consequences.
to buy Bitcoin which if the price of our assets can be reduced too. But think about the opposite what if the price of Bitcoin goes up,
we can get double profit. So the conclusion everyone has their own way to the profits that have been obtained. Some have bought
Bitcoin, some have been converted to stable and some are used gambling. Whatever your choice there must be consequences.
We confidently hold bitcoin and let it move sideways or pump itself. We don't mind using stable currencies but if you are very delicate and value-sensitive, you can do this many times. It's a very well known strategy but you can't say Let everyone know what to do.
Yes, in general, Bitcoin and a stable currency have always been the priority of everyone at any time, because both of them always have good effects for holders, especially for holders who are super patient in dealing with market situations. Jump to: