Trading Bitcoin With Altcoin or Dollar

numismatist

legendary

Activity: 1245

Merit: 1004

Quote from: romero121 on May 28, 2016, 05:00:36 AM

Trading bitcoin with altcoin is also much profitable, but initially doing with dollar is better. One need to make trade with the respective altcoin which is in rise, only then profit is ours. It takes time to learn those, so at first do with dollar.

If someone wants to "learn trading" than Bitcoin follows the known chart patterns. Most of all times. Sometimes, not.

Altcoins are more like gambling, based on hope, the luck of the moment and perhaps momentum.

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

Trading bitcoin with altcoin is also much profitable, but initially doing with dollar is better. One need to make trade with the respective altcoin which is in rise, only then profit is ours. It takes time to learn those, so at first do with dollar.

proudgambler02

newbie

Activity: 14

Merit: 0

Quote from: Wapinter on May 23, 2016, 04:50:01 PM

I read lots of success stories on how someone grow his coins with bitcoin.I want to know which is most profitable trading Altcoin/Bitcoin or Bitcoin/Dollar
I tried bitcoin/dollar with some small amount but didn't get any good results

On trading you won't know what is the best altcoin on the time but you don't need to now the best coin just find the active coin on trading and do a short trade method that is profitable and fast you can double your bitcoin in just an hour or more and ofcourse presence of mind so you know when to stop when you think it start going down then find another coin that method i use to earn bitcoin and now i make my starting bitcoin 10 time or more now

Bitcoinbee

member

Activity: 84

Merit: 10

www.lunarbets.eu Bitcoin*Sports*Betting

Bitcoin with dollar can have a good profit if you have a trading partner overseas in a region that has their monetary value of their currency dropping. It can earn much if their currency is unstable formulating a trade strategy to ensure the profit. This includes short time hoarding because of the unstable fluctuation of their currency.

fortunecrypto

legendary

Activity: 2450

Merit: 1047

Dollar is a stable currency so there will be no lost at your side but if you trade it with altcoin be sure you trade it with a very strong altcoin,altcoin price could drop significantly at any given time so better to always careful trading on altcoin..

bitmarket.net

sr. member

Activity: 323

Merit: 250

the bid-offer spreads in the bitcoin/altcoin markets might be slightly wider (depending on the exchange), so the effective cost of making a trade on these markets in higher.

as long as it is justified in a higher profit potential, it should be fine, just something to be aware of.

Wapinter

legendary

Activity: 2688

Merit: 1026

Hire me for Bounty Management

Quote from: ravens on May 24, 2016, 12:32:31 PM

... On top of that, an altcoin values can rise or fall pretty quickly.

Isn't it what makes it more lucrative? You can make double your coins in few days

Quote from: pooya87 on May 24, 2016, 10:14:45 PM

i personally prefer trading altcoin/bitcoin pair always. because i have also tried trading bitcoin/fiat and didn't find it that much profitable for myself, although i still do it sometimes when the price is volatile but trading altcoins has more benefits in it.

I also think that bitcoin/dollar is profitable only in long term and that too when you invest heavily

bitmarket.net

sr. member

Activity: 323

Merit: 250

usually more profit potential = more risk
nothing ever comes free in this world.

if you're trading bitcoin with altcoin, it means that your profit/loss is counted in the cryptocurrency, so you still have a cryptocurrency exposure vs. dollar.
you might be up money in crypto, but still down in dollar terms (or the other way around, for that matter).

TraderETH

full member

Activity: 210

Merit: 100

I just trade ETH-BTC and it is need low capital and ethereum has big volume and support by comunity and companies and i think ethereum is not scam coin its price is stable but it is still has high risk because there is not announcement about premine of ethereum

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: Wapinter on May 23, 2016, 04:50:01 PM

I read lots of success stories on how someone grow his coins with bitcoin.I want to know which is most profitable trading Altcoin/Bitcoin or Bitcoin/Dollar
I tried bitcoin/dollar with some small amount but didn't get any good results

i personally prefer trading altcoin/bitcoin pair always. because i have also tried trading bitcoin/fiat and didn't find it that much profitable for myself, although i still do it sometimes when the price is volatile but trading altcoins has more benefits in it.

xIIImaL

legendary

Activity: 1372

Merit: 1005

Quote from: ravens on May 24, 2016, 12:32:31 PM

Bitcoin to dollar is more stable than bitcoin to altcoin. Dollar can't turn scam while altcoins can. On top of that, an altcoin values can rise or fall pretty quickly. So I prefer to trade from bitcoin to dollar.

Yup Dollar is really better I guess. Most of buyers and sellers are USD to BTC only in many sites, Some sites like Yobit are useful to sell bitcoins for all kind of coins and fiat as well. I personally suggest you start trading in Localbitcoins.com and Kraken are good in BTC trading normally.

ravens

member

Activity: 98

Merit: 10

Bitcoin to dollar is more stable than bitcoin to altcoin. Dollar can't turn scam while altcoins can. On top of that, an altcoin values can rise or fall pretty quickly. So I prefer to trade from bitcoin to dollar.

hasiramasenju

legendary

Activity: 980

Merit: 1000

currently i did trade bitcoin with altcoins and my local currency and i don't have any plan to trade bitcoin with dollar because the fee will be expensive if i convert into my local currency but even though you would Trade Bitcoin With Altcoin or Dollar there is no guarantee you will get very much profit from it because trading also have high risk such as gambling

Herbert2020

legendary

Activity: 1946

Merit: 1137

i think it depends on the person and which one you prefer, it might be easier to predict bitcoin/USD movements sometimes while it is hard to predict altcoins.

but also altcoin prices can go up from 10% to 1000% which you cannot find in any other market this often.

Wapinter

legendary

Activity: 2688

Merit: 1026

Hire me for Bounty Management

Quote from: Indrawan77 on May 24, 2016, 12:21:48 AM

For me its more profitable if you do trading bitcoin / dollar, because bitcoin price is more stable, alt coin trading is more risky, sometimes it can up very fast and sometimes the price can drop really fast and when it goes down its hard to rebounce back

So i suggest to trade bitcoin / dollar

But bitcoin/dollar trading requires heavy investment and one has to wait longer to make profit.Altcoin trading on the other hand can be done with less amount

Indrawan77

hero member

Activity: 1274

Merit: 516

For me its more profitable if you do trading bitcoin / dollar, because bitcoin price is more stable, alt coin trading is more risky, sometimes it can up very fast and sometimes the price can drop really fast and when it goes down its hard to rebounce back

So i suggest to trade bitcoin / dollar

Wapinter

legendary

Activity: 2688

Merit: 1026

Hire me for Bounty Management

I read lots of success stories on how someone grow his coins with bitcoin.I want to know which is most profitable trading Altcoin/Bitcoin or Bitcoin/Dollar
I tried bitcoin/dollar with some small amount but didn't get any good results

Topic: Trading Bitcoin With Altcoin or Dollar (Read 1230 times)