Still trading BTC even though actually trading Alts - page 2.

Kittygalore

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Quote from: livingfree on May 28, 2021, 04:59:14 PM

It should be wherever you are comfortably trading pairs with.

If you're better trading bitcoin and its pairs then do your thing and just keep doing what you've felt going to make you money.

It's also good for your mental health that you are comfortable with your trading pair since you don't have that much to worry since you can figure it out really easy and fast. But sometimes, some alts defy their masters and move at a different pace than what was expected so you have to watch out for that too.

santiPOGI

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Quote from: Review Master on May 27, 2021, 12:59:44 PM

It's better to avoid alts trading into both btc and usdt pair if there is any possibility of bearish movement according to TA as well as FA. But it's great to continue the BTC trading into correction time for short period of time because alts will try to adjust the price in terms of satoshi which might be a result of lossing btc from portfolio. But correction market gives us great opportunity to buy our favourite or potential alts along with bitcoin more at cheap price for long term purpose as bull run isn't over yet. So, it's upto everyone to do according to TA and FA. Cheesy

I beg to disagreed to avoid trading in the altcoins, because majority of the alts actually now whether it is shit or not can able to give
profit, just a real talk only. In fact, I traded alts for a couple of years now and so far so good alts into USDT pair, and from that period of time
doing alts trading was certainly helped a lot in so many ways.

Ararbermas

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On this situation i think btc will be not a good idea to pair in trading because its not safe due to the volatility, what i mean if you can make profits through alts and then sell it to BTC and suddenly bitcoin fluctuate surely your profits will disappear without knowing.. So pair it for now to usdt since it's the most safe place to keep your profits and to avoid some fluctuation. Indeed market still not good at this time.. So be smart to assure all your efforts is worth it while trading..

livingfree

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It should be wherever you are comfortably trading pairs with.

If you're better trading bitcoin and its pairs then do your thing and just keep doing what you've felt going to make you money. But as a daily trader and you see that you're not that effective anymore with bitcoin trading.

Then, that's the signal that you should look for other pairs alts to alts and test if you'll become lucrative on it.

LUCKMCFLY

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Quote from: DaC0nsumeR on May 27, 2021, 11:21:26 AM

Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?

It is always better to trade with BTC, what I have learned is that to trade with alts it is best to do it Alt / USD, because if BTC enters a downtrend obviously the chart will become a bloodbath, on the other hand what I I really recommend is that when BTC enters the uptrend, it is best to trade with Alt / BTC, because the graph will always go up, it is very difficult for it to fall in price, this is only when the uptrend of BTC is confirmed.

There are many traders who use the ALT / BTC pair, but most of them fail, especially when BTC falls, this is simple, it is a division that does not make sense because it will go down. I think for now it is better to trade BTC / USD or BTC with any currency.

wahyu wida

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Quote from: Ziskinberg on May 27, 2021, 06:21:02 PM

Quote from: DaC0nsumeR on May 27, 2021, 11:21:26 AM

Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?

Many traders don't just focus on BTC, they have also got through to altcoins. Perhaps, we can see that there is a good profit in altcoins however, it is riskier than BTC but above all, it is a matter of our trading strategy and a choice of coin. Because either it was Bitcoin or altcoins if we are not good at trading the same results we've got at the end of the day.
For me, I'm taking both Bitcoin and altcoins, sometime I lose and sometimes I win. But I understand this situation as this was real-life in trading, nothing to complain about.

between bitcoin and altcoin are actually equally profitable as long as we know the strategy. but indeed to trade in altcoins I think it is more risky, but we can get extraordinary returns, but to achieve that we have to study it very carefully so as not to get caught in a loss situation

Dollar_Hunter

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COMBONetworkio

somehow I don't like Bitcoin trading, what I only like is trading altcoins,
yes I only store Bitcoin for the long term, not for day trading, because Bitcoin requires large capital to get maximum profit,
yes even though there is futures trading I am still comfortable being on the spot market.

Ziskinberg

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Quote from: DaC0nsumeR on May 27, 2021, 11:21:26 AM

Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?

Many traders don't just focus on BTC, they have also got through to altcoins. Perhaps, we can see that there is a good profit in altcoins however, it is riskier than BTC but above all, it is a matter of our trading strategy and a choice of coin. Because either it was Bitcoin or altcoins if we are not good at trading the same results we've got at the end of the day.
For me, I'm taking both Bitcoin and altcoins, sometime I lose and sometimes I win. But I understand this situation as this was real-life in trading, nothing to complain about.

Rengga Jati

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Indeed, in this case, Bitcoin is the most trusted Crypto. However, outside of this and the strategy of each trader, I think that it's good if we don't put all our money only in one coin. Because, the bitcoin itself is also very volatile, up and downs sometimes very drastically. Therefore I also chose both (Bitcoin and Altcoins). In the hope that if one of them experiences a significant price reduction, at least I still have other assets that might have fewer decreases and still allow for the take profits from the set. Although it is also important to consider the law like @Maus0728 have stated above.
But of course, we must be clever in choosing Altcoins the most appropriate for daily trading. Because not all Altcoins are good for daily trading.

BTW, if we intend to hold, I think BTC options, but I will also add top coins like Eth and BNB into the portfolio.

NOTE: This is only my opinion, you should also think carefully about the decision whether it will only trade in Bitcoin or penetrate to Altcoins. To be sure, both have advantages and disadvantages.
But don't go to FOMO or hype coins.

CryptopreneurBrainboss

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Quote from: DaC0nsumeR on May 27, 2021, 11:21:26 AM

Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?

You should be accumulating Bitcoin now and the best way to raise funds for that is by trading alts. Some strong projects are already giving two digits returns of investment in 24hrs. You can seize this opportunity and put your skills in trading to good use and get some fiats to convert to or buy Bitcoin.

In times like you should stay off shitcoin and over hyped projects (those ones constantly in the news not for their blockchain utility, just merely news that shouldn't be such a big deal but because of the current hype of the project, they make the news.

irsykes

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Quote from: DaC0nsumeR on May 27, 2021, 11:21:26 AM

Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?

I think more like we trade alts to gain BTC, and trading btc to made long term investment. Because it will be double profit if we get profit from that trading activity and then we hold our bitcoin and if price of bitcoin increased we can get more profit from it. So, trading alts or bitcoin, both can be profitable.

teosanru

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Quote from: DaC0nsumeR on May 27, 2021, 11:21:26 AM

Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?

I'll tell you a basic mechanism for trading alts.
1. When we are into a bull run scenario which means breaking newer highs and making higher lows then always stay in Bitcoin most of the altcoins don't move with BTC at this time it's only BTC that takes off at this time.

2. Whenever you feel that this is the end of the BTC bull run or it has slightly stabilized or even fell a bit. It is at this time you should buy alts because when BTC will retrace back upwards alts will come with it this time and come at par with BTC

3. After BTC has become stable and is trading in a certain range it's alts time now. Always stay in alts they will definitely pump one by one at this point in time.

4. Whenever BTC starts falling never trade alts, they will fall at an even higher speed but when you see it's BTC bottom buy alts because they will retrace back at a greater speed.

PS: These are general guidelines for trading alts what I have seen from two previous bull runs but please do correlate with respective alts charts too because the price movement in them would be as per their own charts, not BTC charts. Also exceptional movements due to news or other reasons is always possible.

Maus0728

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Quote from: DaC0nsumeR on May 27, 2021, 11:21:26 AM

Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?

There is something called Bitcoin and Altcoin Dominance. Look at this guide to know when to entry well:

Basically, not all time that the alts increase is due to their fundamentals or some development or a stepping stone of a project/coin has been done. Mostly, it is also due to the btc.d decreasing or increasing. The chart tells what the BTC.D trend would impact the price of both the BTC and the Alts. Also, in simple trading, you cannot always rely to BTC as BTC itself could be on a drastic downfall yet most the alts can still go upwards or at the opposite trend of the Bitcoin's price. Diversifying your trades would still be safer than making your trades rely on BTC/USDT pair.

Charles-Tim

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Quote from: DaC0nsumeR on May 27, 2021, 11:21:26 AM

Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?

The best is to research on the coins you want to trade. Some people prefer to trade bitcoin, and what they care about most is for them not to lose but gain. But with what I have noticed, altcoin are more volatile than bitcoin, it is more profitable to trade altcoin in spot trading because you can gain from the volatility, but the more can also be the losses. But if it is leverage trading, the maximum you can go on altcoins on exchanges I have used before are 75x, only ethereum is having max of 100x while Bitcoin has 125x, this can be taken as an advantage. Also, if you know you can predict more the price of bitcoin volatility, while don't you just leverage it 2x to provide you the volatility like that of altcoins. But this depends on your choice. The most important thing is for someone not to lose but gain.

Review Master

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It's better to avoid alts trading into both btc and usdt pair if there is any possibility of bearish movement according to TA as well as FA. But it's great to continue the BTC trading into correction time for short period of time because alts will try to adjust the price in terms of satoshi which might be a result of lossing btc from portfolio. But correction market gives us great opportunity to buy our favourite or potential alts along with bitcoin more at cheap price for long term purpose as bull run isn't over yet. So, it's upto everyone to do according to TA and FA. Cheesy

dothebeats

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Most of the time it does correlate, although to be frank it still isn’t a 100% certainty after all, as lately we have noticed alts doing extremely good while bitcoin sits in the sidelines and experiencing some slight falls here and there. Personally I like trading alts currently due to its market being pretty active. You can sit in front of your computer for, say 3 hours and make a quick profit that you won’t really get much from bitcoin nowadays unless you have thousands to play with.

jackg

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https://bit.ly/387FXHi lightning theory

I'm not sure how credible it is but it's been accurate a little recently that btc is best to hold in times of volatility and alts are best to hold. In times of stagnation (or smaller moves) - logically this seems like it'd be the case if people start to research more, get bored or annoyed they haven't made much profit.

I wouldn't sell at a loss but I think you could get altcoins for cheaper compared to btc soon. (but another leg might come in either direction first).

DaC0nsumeR

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Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?

Topic: Still trading BTC even though actually trading Alts - page 2. (Read 301 times)