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Topic: Will you trade Bitcoin to buy Altcoins? (Read 4177 times)

member
Activity: 448
Merit: 10
January 25, 2019, 10:02:32 PM
Alts' trading often brings much more profit than any combinations with Bitcoin. Therefore, I do not think this decision will be a mistake.
For me this is not good decision because you are not sure about the price of the coin you are thinking about to change your investment then just  be wise and hold your bitcoin because you are  sure about bitcoin growth but you are not sure about another coin so i won’t give my agreement for this state to trade your bitcoin.
member
Activity: 546
Merit: 32
January 25, 2019, 01:34:14 PM
Alts' trading often brings much more profit than any combinations with Bitcoin. Therefore, I do not think this decision will be a mistake.
well, i guess this is a common thing. besides, a small example of this is when someone sells all the bitcoins that he has only to buy ETH. after that they waited for Hardfork to happen to get a substantial profit. well, that's a common thing in the crypto world.



Most importantly selling the Bitcoin is not a good idea in this situation if you want to sell your Bitcoin then you can definitely sell use the money for your basic needs but don't sell Bitcoin and buy other currency because it is not worth at anytime.
full member
Activity: 784
Merit: 100
January 25, 2019, 11:09:22 AM
Alts' trading often brings much more profit than any combinations with Bitcoin. Therefore, I do not think this decision will be a mistake.
well, i guess this is a common thing. besides, a small example of this is when someone sells all the bitcoins that he has only to buy ETH. after that they waited for Hardfork to happen to get a substantial profit. well, that's a common thing in the crypto world.
hero member
Activity: 1064
Merit: 500
January 25, 2019, 09:48:41 AM
Alts' trading often brings much more profit than any combinations with Bitcoin. Therefore, I do not think this decision will be a mistake.
full member
Activity: 658
Merit: 102
January 05, 2019, 01:53:12 AM
If you used the bitcoin as long term investment and waiting for another bullrun to come then it is better not to trade your bitcoin to buy altcoins. But if you are already a professional trader and want to earn money in trading then there is no problem in trading bitcoin for another coin. Many altcoins are also going up and some of them are also good for long term investment.
full member
Activity: 490
Merit: 100
January 04, 2019, 04:04:43 PM
I don't spend Bitcoin for another coins, I just provide new funds for new coins. I make sure that may investment gets bigger each month. I just hold for longer period of time and do not move my coins from my Hodler wallet. It would be better if you'll provide new funds since the potential of Bitcoin is also greater than other altcoin.


I will definitely trade using Bitcoin but trading Bitcoin for buying some other currencies will not be a right idea for me because Bitcoin is the most expected currency from the beginning to till now so trading Bitcoin and earning profit made some Investments is the right way.

Agree with you mate we should try to trade with Alt coins but it is silly act id you trade your bitcoin at this moment just to get some Alt coins. We are well aware of this reality that bitcoin is the mother of all Alt coins  which has very huge profit strategy and this is not occupied in this process to trade it for a altcoins.
hero member
Activity: 1204
Merit: 500
January 04, 2019, 04:43:58 AM
I don't spend Bitcoin for another coins, I just provide new funds for new coins. I make sure that may investment gets bigger each month. I just hold for longer period of time and do not move my coins from my Hodler wallet. It would be better if you'll provide new funds since the potential of Bitcoin is also greater than other altcoin.


I will definitely trade using Bitcoin but trading Bitcoin for buying some other currencies will not be a right idea for me because Bitcoin is the most expected currency from the beginning to till now so trading Bitcoin and earning profit made some Investments is the right way.

I have several friends who like to use bitcoin or ETH that they have to buy some altcoins. well, for them, some altcoins should be counted like XRP, and others. it might be a long-term investment, an alternative to bitcoin.
full member
Activity: 602
Merit: 111
January 03, 2019, 11:35:35 PM
I don't spend Bitcoin for another coins, I just provide new funds for new coins. I make sure that may investment gets bigger each month. I just hold for longer period of time and do not move my coins from my Hodler wallet. It would be better if you'll provide new funds since the potential of Bitcoin is also greater than other altcoin.


I will definitely trade using Bitcoin but trading Bitcoin for buying some other currencies will not be a right idea for me because Bitcoin is the most expected currency from the beginning to till now so trading Bitcoin and earning profit made some Investments is the right way.
full member
Activity: 644
Merit: 113
January 03, 2019, 11:09:15 PM
I don't spend Bitcoin for another coins, I just provide new funds for new coins. I make sure that may investment gets bigger each month. I just hold for longer period of time and do not move my coins from my Hodler wallet. It would be better if you'll provide new funds since the potential of Bitcoin is also greater than other altcoin.
jr. member
Activity: 36
Merit: 1
January 03, 2019, 10:44:29 PM
I was looking at the possibility of investing in several Altcoins as part of my trading by selling off Bitcoins. I do feel that with proper planning and execution, the profits that could be reaped through these Altcoins by day trading in a week would be far superior to that of Bitcoin.

It is true I am talking in terms of a short term gain. BTC is certainly a long term investment but what about the short term gains? As an example, even if I invest in 1000 coins of IOTA or 10000 coins of NEM, I am assured of greater volatility in the market for these coins compared to that of BTC. If NEM makes a high on a particular day even by 0.05$ USD, I would make 0.05x10000 = 500$ USD in a day if I sell all my coins at that price.

Of course, trading does involve many other practical factors which make things not as simply as I write here. But being a pro I can simplify the complexity and say that it is certainly possible to make it so.

But will this not be a way to make decent income every day? When you invest in cryptocurrency, it is a need for one to continually observe the market trends. When one is able to understand the intricacies of the market then it is better that he takes up (day) trading.

After all it is important we make money on a regular basis apart from the long term investment isn’t it so?

Absolutely agree! The funds should work! If can to trade, you should. If you can't, ok, nobody is perfect. Then just HODL. It is will give a result as well Smiley
sr. member
Activity: 1071
Merit: 253
December 30, 2018, 03:39:06 PM
looking at the current market situation I think trading on bitcoin is not the right decision because the movement of bitcoin prices still faces a lot of correction in ongoing market prices in not so short a time. many people are looking for alternative ways to earn money by trying to trade on several potential altcoins that have high trading volumes in various exchange markets
But I think if you trying to trade with bitcoin so it will give you some profit because price is increase some time and it will more high and profitable so bitcoin is not a entrusted currency rather it is a very popular currency and that's why all over the world it will more improve to give a lot of people many benefits because everyone want to invest in this currency and they didn't want that bitcoin will die in future rather they want to improve this currency. 
member
Activity: 251
Merit: 10
December 30, 2018, 12:14:47 PM
looking at the current market situation I think trading on bitcoin is not the right decision because the movement of bitcoin prices still faces a lot of correction in ongoing market prices in not so short a time. many people are looking for alternative ways to earn money by trying to trade on several potential altcoins that have high trading volumes in various exchange markets
member
Activity: 493
Merit: 28
December 28, 2018, 07:50:50 PM
At this rate, I will be happy to trade it with alts. Both bitcoin and alts is almost bottomed I guess and it's good to enter.
full member
Activity: 952
Merit: 104
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December 28, 2018, 06:09:13 PM
Unless you are a very experienced trader, I strongly suggest you not to do that.
Altcoins pose substantial risks, even in day trading: subpar exchanges, vulnerabilities of all sorts, poor liquidity that can damage your profits.
Greed is good, but I think you can fulfill it with bitcoin.
My two cents,
F1

Yes, we can have a good pofit through Bitcoin but as of now that Bitcoin is low, we better find another alternatives on how we could grow our funds.
hero member
Activity: 784
Merit: 500
December 28, 2018, 03:31:21 PM
I was looking at the possibility of investing in several Altcoins as part of my trading by selling off Bitcoins. I do feel that with proper planning and execution, the profits that could be reaped through these Altcoins by day trading in a week would be far superior to that of Bitcoin.

It is true I am talking in terms of a short term gain. BTC is certainly a long term investment but what about the short term gains? As an example, even if I invest in 1000 coins of IOTA or 10000 coins of NEM, I am assured of greater volatility in the market for these coins compared to that of BTC. If NEM makes a high on a particular day even by 0.05$ USD, I would make 0.05x10000 = 500$ USD in a day if I sell all my coins at that price.

Of course, trading does involve many other practical factors which make things not as simply as I write here. But being a pro I can simplify the complexity and say that it is certainly possible to make it so.

But will this not be a way to make decent income every day? When you invest in cryptocurrency, it is a need for one to continually observe the market trends. When one is able to understand the intricacies of the market then it is better that he takes up (day) trading.

After all it is important we make money on a regular basis apart from the long term investment isn’t it so?

how about trading your money directly to other altcoins to minimize the fees and spread risk. There are alot of major tokens that you can buy with your fiat straight from your mobile apps.

Cutting the middleman is good idea in order to avoid paying comissions and withdrawal fees. Observing market trend is smart move before jumping blindly to market movement.Bitcoin is not profitable for short-term trading like buying now  and selling after gaining few percent profit.
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
December 28, 2018, 02:11:47 PM
I think that depends on how you maintain bitcoin as your long-term investment. I personally don't care too much about long-term investments, because sometimes I also trade bitcoin to buy some altcoins which I think are worthy of being owned by the results of bitcoin trading. But if I'm feeling bitcoin can't be mixed up with trading altcoins, then I will buy altcoins from fiat.
sr. member
Activity: 1498
Merit: 326
Vave.com - Crypto Casino
December 28, 2018, 02:05:46 PM
I was looking at the possibility of investing in several Altcoins as part of my trading by selling off Bitcoins. I do feel that with proper planning and execution, the profits that could be reaped through these Altcoins by day trading in a week would be far superior to that of Bitcoin.

It is true I am talking in terms of a short term gain. BTC is certainly a long term investment but what about the short term gains? As an example, even if I invest in 1000 coins of IOTA or 10000 coins of NEM, I am assured of greater volatility in the market for these coins compared to that of BTC. If NEM makes a high on a particular day even by 0.05$ USD, I would make 0.05x10000 = 500$ USD in a day if I sell all my coins at that price.

Of course, trading does involve many other practical factors which make things not as simply as I write here. But being a pro I can simplify the complexity and say that it is certainly possible to make it so.

But will this not be a way to make decent income every day? When you invest in cryptocurrency, it is a need for one to continually observe the market trends. When one is able to understand the intricacies of the market then it is better that he takes up (day) trading.

After all it is important we make money on a regular basis apart from the long term investment isn’t it so?

how about trading your money directly to other altcoins to minimize the fees and spread risk. There are alot of major tokens that you can buy with your fiat straight from your mobile apps.
full member
Activity: 1106
Merit: 166
★777Coin.com★ Fun BTC Casino!
December 28, 2018, 07:10:08 AM
I would prefer not to trade Bitcoin but hold this perfect cryptocurrency. As for trading altcoins, I buy them and then deal with these tokens. I hold over 15 different alts in my portfolio

trading Bitcoin is always the best way to make money but trading Bitcoin and invest in some other kinds are not suitable for all people especially mind so my opinion is trade Bitcoin and earn something use them as a saving and make a little investment on other currency is the best way.
sr. member
Activity: 1232
Merit: 250
December 28, 2018, 07:08:38 AM
I am someone who had profited out of altcoin investment in 2017. I made a decision to invest a part of my wealth in to Litecoin back then, and it worked really well for me. But right now I don't have any confidence in the alts.
I think many do this. but I didn't do it. I prefer to sell altcoin to produce bitcoin, or ETH. I feel that the potential of altcoin moves based on prices of ETH and bitcoin, so when the prices of both coins rise, the altcoin price also rises.

There is a high possibility of this scenario being changed soon in the future when few altcoins will not be depending upon BTC. Now, ETH also kind off depends on BTC prices fluctuation. I occasionally do trade alts for BTC, sometimes I buy BTC and then trade it for alts and some other time I trade the BTC which I am holding or acquiring. BTC will surely give good returns, but believing in this system I am thinking about too long-term and thus do trade BTC-alts.
full member
Activity: 756
Merit: 100
December 28, 2018, 05:59:10 AM
I would prefer not to trade Bitcoin but hold this perfect cryptocurrency. As for trading altcoins, I buy them and then deal with these tokens. I hold over 15 different alts in my portfolio
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