Will Altcoin's loss become Bitcoin's gain? - page 2.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: leea-1334 on February 03, 2021, 08:05:29 AM

Quote from: RealMalatesta on February 03, 2021, 04:40:32 AM

Getting better at crypto trading doesn't really mean you could go towards altcoins, you could do that of course and it all depends on personal preference but you could also stay in bitcoin but get to much riskier trading. Let's say you are a great trader and rarely ever lose money and make great trades on bitcoin, if you do not want to move to altcoins, you could basically just focus on going to margin trading and high leverages that way you would be capable of actually profiting a lot while still staying in bitcoin.

I am not sure people really can get better at trading to be honest. You can always tweak strategies and learn more,,, but usually the emotional side and discipline is the most important thing to fix and people cannot really do much to change the way they act (risk attitudes for example).

That is usually what gets you in the end!

One of the most important factor that should really be focused one but to know that everything should be balanced, from analysis to good emotion handling.Trading do involve lots of trials and error
where you can really enhanced up your emotional control as you do get involved with trading as years or days passed by.This isnt something that can be attain on a short span of time.
On the question of Altcoin loss become bitcoins gain then its most of the time this had been the case where market do shifts out but doesnt mean that it do happen from time to time.
Dominance or market trend doesnt really correlate each time because there are times that only bitcoin is rising but altcoin didnt really have any significant movement or just moving
sideways.

leea-1334

hero member

Activity: 2338

Merit: 953

Temporary forum vacation

Quote from: RealMalatesta on February 03, 2021, 04:40:32 AM

Getting better at crypto trading doesn't really mean you could go towards altcoins, you could do that of course and it all depends on personal preference but you could also stay in bitcoin but get to much riskier trading. Let's say you are a great trader and rarely ever lose money and make great trades on bitcoin, if you do not want to move to altcoins, you could basically just focus on going to margin trading and high leverages that way you would be capable of actually profiting a lot while still staying in bitcoin.

I am not sure people really can get better at trading to be honest. You can always tweak strategies and learn more,,, but usually the emotional side and discipline is the most important thing to fix and people cannot really do much to change the way they act (risk attitudes for example).

That is usually what gets you in the end!

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: BrewMaster on February 02, 2021, 10:15:28 AM

historical stats tell otherwise. each time bitcoin makes any move the altcoins get dumped right away which is showing that actually a lot of altcoin traders sell their altcoins at times like this. i don't know how it would affect bitcoin but we know that altcoins go down.

Well, you are right. The altcoins go down every time bitcoin goes up. But not all altcoins will go down. We can see it is happening today wherein bitcoin moves to go up, and some altcoins can follow to go up. But yes, mostly, the altcoins will go down. If we can have the altcoin that can go up even bitcoin goes up, that will better for us because we still make a profit.

Quote from: bitterguy28 on February 03, 2021, 05:17:30 AM

Well they can hold but at least if they saw a chance in transferring in bitcoin , for sure that is what they gonna do.

We are all having our altcoin but admit it that we are also wanted to have Bitcoin though it is much higher than the amount of everything.,

I guess they will do if they have the opportunity to convert it into bitcoin because bitcoin will give them more profit in the future. Bitcoin as the main investment will be necessary to have than the altcoin, but we need the altcoin to help us make more profit in bitcoin. I am sure we will have the chance to get profit in bitcoin in the next altcoin season.

bitterguy28

full member

Activity: 2170

Merit: 182

“FRX: Ferocious Alpha”

Quote from: ?? on ??

Not many traders will transfer their funds from altcoin to bitcoin or stable coin, and they still hold their altcoin until the price increases. They think that if they sell their altcoin into bitcoin or stable coin, they will lose, and they will buy more amount, so they will have a chance to make a profit. They will figure out how they can have more bitcoin, especially if they have so many altcoins that can increase anytime.

Well they can hold but at least if they saw a chance in transferring in bitcoin , for sure that is what they gonna do.

We are all having our altcoin but admit it that we are also wanted to have Bitcoin though it is much higher than the amount of everything.,

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Quote from: bvoriue on February 01, 2021, 05:00:00 PM

Bitcoin is certainly the king of crypto assets and has the highest rating and highest volume.
However, if investors already have qualified trading skills, they will tend to target Altcoins. The reason is, investors can take advantage of the momentum of the ups and downs of Altcoin prices.
They buy Altcoins when they are down and then sell them when the price is high. They are able to see opportunities in Altcoin price movements that fluctuate rapidly and relatively quickly so that their profits can be maximized.
Do you think altcoins have lost?

Getting better at crypto trading doesn't really mean you could go towards altcoins, you could do that of course and it all depends on personal preference but you could also stay in bitcoin but get to much riskier trading. Let's say you are a great trader and rarely ever lose money and make great trades on bitcoin, if you do not want to move to altcoins, you could basically just focus on going to margin trading and high leverages that way you would be capable of actually profiting a lot while still staying in bitcoin.

I am not saying this like an encouragement, because I have never traded in high leverages, tried leverage trading with small numbers for a while but it was just under a week and never liked it, so it is not a suggestion. All I am saying is that there are people who do things like that and that is why I was pointing towards, you could basically do this if you want to.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: Wysi on January 30, 2021, 03:51:40 PM

Today the crypto market has behaved in a wierd manner wherein we have seen bloodbath for some altcoins like doge, trx and all wherein other altcoins like XLM and XRP has performed well.

I think this is normal because the Movement of Dogecoin and Tron in the past is really amazing ang reach the top again so dropping at this certain moment is normal.

Quote

When the altcoin goes into red then the users usually transfers their funds from altcoin to either a stable coin or bitcoin.

Nope that is what really intended and not a last resort , Altcoin investors are playing the game here , they tend to buy altcoins and when the pull out happens then they will send back the funds to BTC.

Quote

Since Bitcoin is in the verge of further pump users would prefer Bitcoin as the most suitable alternative for their funds, by this way it's bitcoin's gain isn't it?

We had already Break 35,000$ again now si for the 3rd time around we will try to take 40,000 to reach the 50k.

posi

hero member

Activity: 2268

Merit: 579

Vave.com - Crypto Casino

Quote from: Wysi on January 30, 2021, 03:51:40 PM

Today the crypto market has behaved in a wierd manner wherein we have seen bloodbath for some altcoins like doge, trx and all wherein other altcoins like XLM and XRP has performed well.

That shouldn't be considered as a bloodbath because a bloodbath always affect every cryptocurrency in the market and it always happen after the success of the bullish market.

Quote from: Wysi on January 30, 2021, 03:51:40 PM

When the altcoin goes into red then the users usually transfers their funds from altcoin to either a stable coin or bitcoin. Since Bitcoin is in the verge of further pump users would prefer Bitcoin as the most suitable alternative for their funds, by this way it's bitcoin's gain isn't it?

Straight from the shoulder, we are in the season where Bitcoin trend determine what will happen in the market, I guess the institutions understand this very well which is the reason why they pump their investment mainly on Bitcoin. However, it usually takes sometime before altcoins follows the bullish trend but we are now in the season where altcoins will also experience the bullish expected.

Quote from: vintages on February 02, 2021, 07:42:41 AM

At that time, buying may pump the prince of bitcoin, but what's the need when they sell off their coins after the sudden gaining from bitcoin pump.

All this instability is not going for the right altcoin. Instead of jumping from one altcoin to another, isn't it best to maintain a hold on bitcoin? For years, it has proven it worth. Though, this does not means there isn't any better altcoins out there.

The tips of making a secure investment in crypto are to go all in Bitcoin while some little portion is invested in altcoin because they are highly manipulated but it good to invest in altcoin despite the investment tips in other to make a good profit when it altcoin season

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

Quote from: ?? on ??

Not many traders will transfer their funds from altcoin to bitcoin or stable coin, and they still hold their altcoin until the price increases.

historical stats tell otherwise. each time bitcoin makes any move the altcoins get dumped right away which is showing that actually a lot of altcoin traders sell their altcoins at times like this. i don't know how it would affect bitcoin but we know that altcoins go down.

Golftech

hero member

Activity: 2128

Merit: 520

Quote from: shoreno on February 02, 2021, 05:29:47 AM

btc did increase a little so maybe its true that some of those altcoin users convert a handful of their coins unto btc and you said some alts are increasing too ? its also possible that they directly trade thier alt coins to xrp and xlm instead of trading them to btc . doge had pump last day because it was said to be shilled by influencial people and it wasnt wierd seeing it going down . that would be means that the shilling was over and now they are moving on to shill another new altcoins . thats altcoins can also be xlm and xrp

You need to be more obsevant and avoid doing fomos, we all kew that this market is full of swing, one day you see good pump then the next thing would be an expected dump, if you do your research and you manage to observe how things works around this market, the chance of riding the right train is very possible and expect a good profits with the market.

vintages

full member

Activity: 966

Merit: 153

At that time, buying may pump the prince of bitcoin, but what's the need when they sell off their coins after the sudden gaining from bitcoin pump.

All this instability is not going for the right altcoin. Instead of jumping from one altcoin to another, isn't it best to maintain a hold on bitcoin? For years, it has proven it worth. Though, this does not means there isn't any better altcoins out there.

shoreno

full member

Activity: 1750

Merit: 118

btc did increase a little so maybe its true that some of those altcoin users convert a handful of their coins unto btc and you said some alts are increasing too ? its also possible that they directly trade thier alt coins to xrp and xlm instead of trading them to btc . doge had pump last day because it was said to be shilled by influencial people and it wasnt wierd seeing it going down . that would be means that the shilling was over and now they are moving on to shill another new altcoins . thats altcoins can also be xlm and xrp

bvoriue

member

Activity: 546

Merit: 11

BountyMarketCap

Bitcoin is certainly the king of crypto assets and has the highest rating and highest volume.
However, if investors already have qualified trading skills, they will tend to target Altcoins. The reason is, investors can take advantage of the momentum of the ups and downs of Altcoin prices.
They buy Altcoins when they are down and then sell them when the price is high. They are able to see opportunities in Altcoin price movements that fluctuate rapidly and relatively quickly so that their profits can be maximized.
Do you think altcoins have lost?

Shasha80

sr. member

Activity: 1876

Merit: 318

In my opinion, don't be too quick to move the altcoins we have into Bitcoin, because we think Bitcoin is more profitable. The price correction that
occurred in the altcoins is something that is very natural to happen, because it follows the price of Bitcoin dropping to a price of $ 32k. But if we
are patient, surely in the near future the price of altcoins will recover. We have to have confidence that the altcoins will rise soon.

Moreover, altcoins which are popular and have high volume are safe enough for HODL. In fact I'm planning to buy some more altcoins right now,
so when the altcoins pump price again, the profit I can make will double. Unless the altcoins you HODL are shitcoins, or altcoins outside the top 10,
you should indeed move them into Bitcoin.

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Quote from: Yamifoud on January 31, 2021, 06:17:43 PM

Quote from: KTChampions on January 31, 2021, 05:48:00 PM

Now is really the best time to keep funds in bitcoin - if the pump continues, it will start with bitcoin and fans of other coins will have time to switch to them. If a bear market begins, then bitcoin will fall much more slowly than other altcoins and the holders will have time to switch to stable coins or continue to hodl.

If that so happens that Bitcoin will fall while altcoins do the pumps is because people are jumping into them which increases the altcoins demand. But this is to be a rare case scenario since we know that Bitcoin is dominating the market and people have to stick to this rather than prioritizing altcoins.
Because if that Bitcoin will drop, well, a lot of people will buy. I saw this a normal scenario happening repetitively as investors and traders moving in and out when they saw an opportunity on both sides.

In my memory, this did not happen. If Bitcoin falls, the whole market falls. Another thing is that if the entire market grows, then altcoins grow faster than bitcoin, and then we can say that bitcoin is getting cheaper relative to altcoins. Perhaps in the next cycle this scenario will repeat itself, but it seems to me that in this cycle, global growth is already close to completion and many altcoins are overheated.

Yamifoud

hero member

Activity: 2828

Merit: 518

Quote from: KTChampions on January 31, 2021, 05:48:00 PM

Now is really the best time to keep funds in bitcoin - if the pump continues, it will start with bitcoin and fans of other coins will have time to switch to them. If a bear market begins, then bitcoin will fall much more slowly than other altcoins and the holders will have time to switch to stable coins or continue to hodl.

If that so happens that Bitcoin will fall while altcoins do the pumps is because people are jumping into them which increases the altcoins demand. But this is to be a rare case scenario since we know that Bitcoin is dominating the market and people have to stick to this rather than prioritizing altcoins.
Because if that Bitcoin will drop, well, a lot of people will buy. I saw this a normal scenario happening repetitively as investors and traders moving in and out when they saw an opportunity on both sides.

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Now is really the best time to keep funds in bitcoin - if the pump continues, it will start with bitcoin and fans of other coins will have time to switch to them. If a bear market begins, then bitcoin will fall much more slowly than other altcoins and the holders will have time to switch to stable coins or continue to hodl.

Hippocrypto

sr. member

Activity: 1484

Merit: 277

Quote from: Wysi on January 30, 2021, 03:51:40 PM

Today the crypto market has behaved in a wierd manner wherein we have seen bloodbath for some altcoins like doge, trx and all wherein other altcoins like XLM and XRP has performed well. When the altcoin goes into red then the users usually transfers their funds from altcoin to either a stable coin or bitcoin. Since Bitcoin is in the verge of further pump users would prefer Bitcoin as the most suitable alternative for their funds, by this way it's bitcoin's gain isn't it?

Exactly that's positive effect on bitcoin's demand as well as gain continued to add up when price recover during slight fall. Bloodbath for several altcoins is really disappointing, though there's some of them who still live at selected trading sites but we need to wait for further developments. Increased orders for altcoins would also be helpful in order to be listed on popular exchanges.

kapalmabur

sr. member

Activity: 2002

Merit: 250

Quote from: arufox on January 31, 2021, 09:06:27 AM

Quote from: Wysi on January 30, 2021, 03:51:40 PM

Today the crypto market has behaved in a wierd manner wherein we have seen bloodbath for some altcoins like doge, trx and all wherein other altcoins like XLM and XRP has performed well. When the altcoin goes into red then the users usually transfers their funds from altcoin to either a stable coin or bitcoin. Since Bitcoin is in the verge of further pump users would prefer Bitcoin as the most suitable alternative for their funds, by this way it's bitcoin's gain isn't it?

Every people have their strategy to deal with the market situation, some people buy more, turn into bitcoin or stable coin, and many more. But Altcoin will survive no matter what happens in the market. Be patient and you will know the truth of altcoin

Bitcoin is really bullish, don't worry dude, even though bitcoin dumps, altcoins will try to survive,
yes even though the correction is also happening in altcoins but the recovery in altcoins is much bigger than in Bitcoin,
and if the altcoin season cycle repeats itself, altcoins will be determine its own path, although bitcoins go up, altcoins will also go up.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: Wysi on January 30, 2021, 03:51:40 PM

Today the crypto market has behaved in a wierd manner wherein we have seen bloodbath for some altcoins like doge, trx and all wherein other altcoins like XLM and XRP has performed well. When the altcoin goes into red then the users usually transfers their funds from altcoin to either a stable coin or bitcoin. Since Bitcoin is in the verge of further pump users would prefer Bitcoin as the most suitable alternative for their funds, by this way it's bitcoin's gain isn't it?

Everything could be random because you wouldnt know on where those funds do head on neither on bitcoin or simply on stable coins which means
there is no exact thing that you can precisely presume on in talks of switching demands or shall we say the dominance itself.They dont correlate from
time to time because market do really move in unpredictable manner where you can see that price of btc is going up which you can possibly
see that alts are going on the same trend and on the other side it can go to the opposite side.Its all not correlated or connected at all.

Wysi

sr. member

Activity: 1638

Merit: 261

Quote from: larus on January 31, 2021, 02:31:18 AM

It works in opposite way. While btc is growing alts are dead. Right after bitcoin correction alts are growing

Yes, but t has been opposite only during this Bullrun, if you check last bull run of 2017 the altcoins started growing only when the value of Bitcoin sky rocketed, once the value of Bitcoin started dropping down thata when altcoins went through bloodbath which it's yet to recover till date. This year bull run is opposite because users have understood that Bitcoin has the capability to bounce back from worst market situations which might not be the same case with altcoins and they don't want to risk again.

Topic: Will Altcoin's loss become Bitcoin's gain? - page 2. (Read 677 times)