little note of trading bitcoin - page 2.

beskid

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Quote from: ABYANSYARIF on April 04, 2018, 02:08:20 PM

i'm new at bitcoin trading
i have read this little note of bitcoin trading someware

Bitcoin up = altcoin down
Bitcoin down = altcion down
Bitcoin stable = altcoin moon

is it true? can i use it for a guide in trading?
and why Bitcoin can greatly affect to other coins
i know bitcoin is the king, legend, the first but is it possible just because of that?

This formula could be used freely from the end of 2015 to December 2017. If you carefully analyze, then now this formula does not work correctly. Now you need to carefully analyze each crypto currency separately, since any crypto coin behaves differently today!

Mokter

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Quote from: Andrey123 on April 05, 2018, 01:15:57 AM

These observations are not true at the root!
All altcoins are moving at the cost of bitcoin.
When he grows, everything grows.

Since alcoins are bought for Bitcoin. When the market is in decline, then all the coins are also falling.

This observation is not correct. Usually bitcoin price affects altcoin price. Say for example if bitcoin price is increasing, altcoin price also increses. Similarly at the time of falling. Bitcoin is the market leader and most influential in crypto market.

lelou

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bitcoin up = altcoin up because most of altcoin (especially the low cap ones) are paired into btc and not usd. same with bitcoin down = altcoin down

bitcoin stable = altcoin up (if there's a development in project of that coin)
bitcoin stable = altcoin down ( scam exposed xd)
bitcoin stable = altcoin stable , normal.

ABYANSYARIF

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Quote from: harizen on April 05, 2018, 02:49:30 PM

Quote from: ABYANSYARIF on April 04, 2018, 02:08:20 PM

i'm new at bitcoin trading
i have read this little note of bitcoin trading someware

Bitcoin up = altcoin down
Bitcoin down = altcion down
Bitcoin stable = altcoin moon

is it true? can i use it for a guide in trading?
and why Bitcoin can greatly affect to other coins
i know bitcoin is the king, legend, the first but is it possible just because of that?

Don't used that as a guide. Use your self analysis instead and spend time learning others "factors" that needed to be considered as a reference to your future trades.

It will be a long discussion so I will just choose a simple guide you can take. After choosing your preferred coins to trade (aside from bitcoin), always make sure that you are keeping up to the latest trend on that coin. How to know that? Lots of options like hearing other speculation on their ANN thread, taking notes of daily high and low price etc. You know you don't need to understand those as once you are continously trading that coin, you will automatically known what things should be done. Just focus and be eager that you really want to learn.

Also some of the altcoins only have a direct pair to BTC that's why when bitcoin price is moving, the USD value of those coins are moving too e.g up or down.

thank for the advice.
So much i have to learn about trading, my previous trade just base on feeling, an the result i lost half of my balance
maybe its time for me to take a breath, i'll HOLD all my coin and wait maybe the price up again
while i'm learning about trading and prepare for my next move

suzanne5223

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Bitcoin affect or influence other cryptocurrency because bitcoin is the father of all coin and other coin are trade against bitcoin. However, you can use the logic you posted as guide to trade crypto currency but its still a vice versa situation because we have a time where bitcoin is stable while altcoin don't bullish.

ahmad21

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Yep I have to agree with you its certainly true. I have seen this in many occasions that when BTC moves upward the whole market moves upward but not with the same pace. When btc moves down the market too moves down terribly. And its only when btc moves sideways is the time you can trade in the alts and enjoy the alt party. When btc moves sideways you will see a new coin everyday mooning up by atleast 50-60%. But in these bearish times its the real test of any trader as you have to make money while the whole market is moving down.

BILGPS

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Some time the bitcoin currency is connected with the altcoin but if we look at the trading scene then bitcoin trading a little affect altcoin and some time one fall make greater the other currency and like this most of the people get connected with these two if one down they are trying to invest in that and bitcoin is the best for me to trade in the future.

bambino

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Merit: 10

Someone very needs to influence the price of bitcoin. The prices of altcoins depend on the price of bitcoin but will they burst when bitcoin will burst?

investeerder

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Merit: 250

Quote from: piloder on April 06, 2018, 04:34:29 AM

Quote from: ABYANSYARIF on April 04, 2018, 02:08:20 PM

Bitcoin up = altcoin down
Bitcoin down = altcion down
Bitcoin stable = altcoin moon

Trading is not that simple and you have to look out for many other affecting factors when trading. This theory might work sometime but it will not work always and you might loss all you have when trying to follow this simple strategy.

You have to only trade coins with high trading volume and never buy when it is pumping hard. At the end traders will look at price in USD of a coin rather than in a BTC so keep that in mind when making your moves.

It's not easy since its so though to think on which one is the best to be traded today and which one is needed to avoid with plus the pressure we can get for trade stats happenings plus another fud handling. And there would not an easy aspect of it since it can rotten our mindset if we are not ready to take the risk beneath on it.

piloder

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Quote from: ABYANSYARIF on April 04, 2018, 02:08:20 PM

Bitcoin up = altcoin down
Bitcoin down = altcion down
Bitcoin stable = altcoin moon

Trading is not that simple and you have to look out for many other affecting factors when trading. This theory might work sometime but it will not work always and you might loss all you have when trying to follow this simple strategy.

You have to only trade coins with high trading volume and never buy when it is pumping hard. At the end traders will look at price in USD of a coin rather than in a BTC so keep that in mind when making your moves.

LSt56

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Activity: 392

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the current market situation has changed greatly, first when we believe when bitcoin up = altcoins down and bitcoin down = altcoins up. but in fact this time altcoins always follow the bitcoin groove, the market situation is difficult to predict.

RenBct

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Quote from: ABYANSYARIF on April 04, 2018, 02:08:20 PM

i'm new at bitcoin trading
i have read this little note of bitcoin trading someware

Bitcoin up = altcoin down
Bitcoin down = altcion down
Bitcoin stable = altcoin moon

is it true? can i use it for a guide in trading?
and why Bitcoin can greatly affect to other coins
i know bitcoin is the king, legend, the first but is it possible just because of that?

Well that will be not the case in some cases because if you will see when bitcoin goes down also alt goes down. and when bitcoin is stable it may is getting momentum which alts can go down.

boboking

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Merit: 19

Not always. Also not all altcoins will go down when bitcoin is down. There are a few coins in the matket that is going up. If you want to trade in crypto currency markey and survive do not just look at the top 20 coins in the market cap also check coins beyond that list.

BarbusseH

newbie

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When the growth of bitcoin begins, people sell their altcoins and invest in bitcoin. Prices for altcoin fall.

gahsh

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Activity: 112

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Quote from: ABYANSYARIF on April 04, 2018, 02:08:20 PM

i'm new at bitcoin trading
i have read this little note of bitcoin trading someware

Bitcoin up = altcoin down
Bitcoin down = altcion down
Bitcoin stable = altcoin moon

is it true? can i use it for a guide in trading?
and why Bitcoin can greatly affect to other coins
i know bitcoin is the king, legend, the first but is it possible just because of that?

honestly I myself do not quite understand how to trade, but that's what I see also like that, when bitcoin up sometimes altcoinnya decreased, sometimes bitcoin is down altcoin other also follow-down, I do not know whether maybe rising turunya bitcoin price can affect price of other altcoin.

kolinko

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Activity: 518

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When trading bitcoin you need to pay attention to market movements because it is heavily influenced by the volatility of the entire cryptocurrency market. Remember to make fewer transactions because the transaction fee is very large, if you do not know how to optimize the amount of fees you pay for commercial page is very large.

Sachin1986

newbie

Activity: 155

Merit: 0

Quote from: ABYANSYARIF on April 04, 2018, 02:08:20 PM

i'm new at bitcoin trading
i have read this little note of bitcoin trading someware

Bitcoin up = altcoin down
Bitcoin down = altcion down
Bitcoin stable = altcoin moon

is it true? can i use it for a guide in trading?
and why Bitcoin can greatly affect to other coins
i know bitcoin is the king, legend, the first but is it possible just because of that?

Not always correct...

harizen

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Activity: 3122

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Quote from: ABYANSYARIF on April 04, 2018, 02:08:20 PM

i'm new at bitcoin trading
i have read this little note of bitcoin trading someware

Bitcoin up = altcoin down
Bitcoin down = altcion down
Bitcoin stable = altcoin moon

is it true? can i use it for a guide in trading?
and why Bitcoin can greatly affect to other coins
i know bitcoin is the king, legend, the first but is it possible just because of that?

Don't used that as a guide. Use your self analysis instead and spend time learning others "factors" that needed to be considered as a reference to your future trades.

It will be a long discussion so I will just choose a simple guide you can take. After choosing your preferred coins to trade (aside from bitcoin), always make sure that you are keeping up to the latest trend on that coin. How to know that? Lots of options like hearing other speculation on their ANN thread, taking notes of daily high and low price etc. You know you don't need to understand those as once you are continously trading that coin, you will automatically known what things should be done. Just focus and be eager that you really want to learn.

Also some of the altcoins only have a direct pair to BTC that's why when bitcoin price is moving, the USD value of those coins are moving too e.g up or down.

LuvCyanide

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That's right. Altcoins are too dependent on Bitcoin. There are several coins that can grow when bitcoin falls. Well, if you trade not only in pairs with bitcoin, but also with the dollar.

richardsNY

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Activity: 1232

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Quote from: Aikidoka on April 05, 2018, 01:42:58 PM

I do not think that when bitcoin goes up the oher altcoins go down. On the other hand, when bitcoin goes up, the other altcoins go down.

Huh?

If we look at Bcash and Ethereum before the global crypto deflation started to kick in, they both quite regularly were moving in the exact opposite direction when Bitcoin went up or down. I think it's safe to say that we'll be seeing these movements come back once the global crypto market starts to get comfortable with going up again. People assume that these shifts mean that capital one time moves from Bitcoin to altcoins and vice versa, depending on the market circumstances. It might hold some sort of truth, but its impossible to find out to what extent the capital actually shifts from coin to coin. I personally think these capital shifts are greatly exaggerated....

Topic: little note of trading bitcoin - page 2. (Read 1184 times)