is it stupid to buy alts with bitcoin now ??

Ewinsane

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Quote from: needctrl on February 01, 2018, 09:23:00 AM

I would also suggest hodling BTC for now. BTC will make a huge move. The problem is no one knows when

Just imagine, if we were able to tell when the bitcoin was going to soar and when it is destined to face a failure, everyone would have been so rich. But I like bitcoin now due to its unpredictable nature. It will give you a surprise when least expected. That is cool. Showing a bit of patience should be okay with all the investors because sooner or later, they are going to make big profit.

bigcash2011

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I personally think that it is a great time to accumulate more btc, I do know many people that are buying btc in bulk silently, a vast majority of crypto community still believes in btc strongly.

lelylely

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Quote from: aliman00 on December 24, 2017, 08:27:37 PM

With bitcoin low, some alts are dancing like crazy when you compare them vs btc and not vs usd. So my question is .... is it really that smart to buy alts with bitcoin now, if or not if when bitcoin starts to move upwards again wont alts go down like crazy ?? Or is it worth taking a chance on something and hope for the best? PS! I'm trying to accumulate BTC not dollars Tongue

You are not wrong, it is all a speculation, you can make your own speculation. Altcoin can also benefit you, but you have to learn about the altcoin you want to buy, so that later you can benefit from altcoin.

iMark

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Quote from: Tiennou74 on February 01, 2018, 03:11:37 AM

Quote from: aliman00 on December 24, 2017, 08:27:37 PM

With bitcoin low, some alts are dancing like crazy when you compare them vs btc and not vs usd. So my question is .... is it really that smart to buy alts with bitcoin now, if or not if when bitcoin starts to move upwards again wont alts go down like crazy ?? Or is it worth taking a chance on something and hope for the best? PS! I'm trying to accumulate BTC not dollars Tongue

Altcoin trading always be risky but you can make good profit other side could be big lose !
so if you jump into Altcoin then be prepared to face bot situation !

Happy Trading
Thanks
Regards

because the marketcap on altcoin is not big as bitcoin, so it is quite possible that an altcoin market is manipulated by a whale, or a small marketcap that makes altcoin market becomes more fluctuating than bitcoin, so that's why switching to investing in altcoin is stupid things and very risky, but I think it's not a stupid thing if you use with the right calculations. eg not leaving bitcoin as the main investment, using altcoin only for alternative investment or trading only, not replacing bitcoin as a major investment

jsarce

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Quote from: aliman00 on December 24, 2017, 08:27:37 PM

With bitcoin low, some alts are dancing like crazy when you compare them vs btc and not vs usd. So my question is .... is it really that smart to buy alts with bitcoin now, if or not if when bitcoin starts to move upwards again wont alts go down like crazy ?? Or is it worth taking a chance on something and hope for the best? PS! I'm trying to accumulate BTC not dollars Tongue

Still same question for today's scenario, is it good to buy alts with bitcoin today? btc is in $9000 mark as of writing...

Santhiago

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I think it's better to hold your bitcoin now.
When BTC will rise for a while, then you'll find the right alts to buy: those that will have retained their value in btc.

ericbrietmann

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i think it is more wise to buy into more reputable ICOs than watching your money sink

needctrl

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I would also suggest hodling BTC for now. BTC will make a huge move. The problem is no one knows when

crazylikeafox

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for me it is better to hodl bitcoin for now and wait for the value to go up, rather investing in alts and gain no profit after bitcoin come back to 17k higher.

SecretInsider

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I would keep at least 50% in alts.

You just need to do research, many alts will give you way higher profit comparing to btc.

Everyone has their own outlooks on whats best to do though.

From my experience, Id say play with alts, maybe get some help to introduce you to it?

think3214

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Quote from: topesis on February 01, 2018, 04:51:47 AM

It doesn'tmake sense for me to be throwing BTC at Altcoins now, I believe the time to do so was around December when most fo these coins suffer huge loss against BTC, patient is the key in this space. I believe BTC will touch $50k this year

Bitcoin price is approaching $ 50,000 is not possible, current bitcoin prices are dropping, many people gave up bitcoin and switch to invest in other altcoin. I think in the future, bitcoin will be reduced, there are a lot of altcoin was born. Competition between the huge altcoin. The altcoin will occupy the bitcoin market. I think now we should invest in other altcoins such as ethereum, ethereum prices are rising.

topesis

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It doesn'tmake sense for me to be throwing BTC at Altcoins now, I believe the time to do so was around December when most fo these coins suffer huge loss against BTC, patient is the key in this space. I believe BTC will touch $50k this year

linkybit

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Keep Working

No, it is not a stupid idea to buy altcoins when bitcoin is down. It is a great time to buy altcoin when BTC is down. Just make sure buy good altcoins. When BTC is down I purchase altcoins which are down against btc, not int USD and are in top 100. And this strategy really works for me Grin

Beurlz

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I think it's the a very good moment to buy altcoin.
Many of them have lost a lot of value and i think they will recover soon

ahoenk

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Not stupid at all if you buy alt coin now. Bitcoin looked like heading to $8k and altcoin probably will win againts bitcoin untull q1 2018 end. This time is the right time to buy altcoin. Especially good altcoin with legit developer like crypterium and aurora token or maybe you need to consider buying rail block which will rebrand to nano.

sexycoin69

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Hoqu.io – Decentralized Affiliate platform

i would wait until bitcoin rallies, its only a matter of time you just need to have some patience. Those you have patience make the biggest gains.

Tiennou74

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Quote from: aliman00 on December 24, 2017, 08:27:37 PM

With bitcoin low, some alts are dancing like crazy when you compare them vs btc and not vs usd. So my question is .... is it really that smart to buy alts with bitcoin now, if or not if when bitcoin starts to move upwards again wont alts go down like crazy ?? Or is it worth taking a chance on something and hope for the best? PS! I'm trying to accumulate BTC not dollars Tongue

Altcoin trading always be risky but you can make good profit other side could be big lose !
so if you jump into Altcoin then be prepared to face bot situation !

Happy Trading
Thanks
Regards

AMHURSICKUS

full member

Activity: 294

Merit: 101

I think it is not stupid to buy altcoins using your bitcoin. Because if you really think that the coin you will gonna invest with is going to be more profitable, so why not. It will still depends upon to the behaviour of your altcoin .
If the value of that altcoin increase so its good choice to buy but if not then it is bad.
So always be wise and be patient if you want to earn more profit.

The_Dark_Knight

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Quote from: Marioboro on January 23, 2018, 03:45:06 AM

is it better to do long trades rather than day trade? or would you suggest doing both at the same time for maximum profits?

There is not a definitive answer we can give, day trading is the most difficult form of trading, while many aspire to be one someday the truth is that is not easy, however the profits are very good if you have the talent but you need years of experience to make consistent profits, making longer trades is easier and depending on your time frame it is very similar to holding but the profits are not as good.

leea-1334

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Temporary forum vacation

Quote from: anthinguy21 on January 23, 2018, 06:43:06 PM

At a time when Bitcoin's rates have fallen sharply, Altcoins will also suffer. You should invest in Bitcoin and Altcoins at that time because the price of the cryptos will increase rapidly over the next few weeks. The coins you should spend in are BTC, ETH, USDT because they are the most stable coins and will quickly rise when the market recovers.

I think that is always the general idea, but I think people are looking always to buy alts during Bitcoin dips - yes Bitcoin falls, but alts fall harder. So when Bitcoin rises back, alts do seem in general to also rise, and usually along with a Bitcoin gain, in addition to fiat. USDT is supposed to be stable by nature, but even with its supposed US dollar peg, it has fallen in value, so you only invest in Tether if you want to buy back Bitcoin at the dips, without putting in extra fiat. Good strategy, but I hardly sell Bitcoin and I definitely do not trust Tether!

Topic: is it stupid to buy alts with bitcoin now ?? (Read 935 times)