Topic: Will you trade Bitcoin to buy Altcoins? - page 10. (Read 4188 times)
yes of course I will, but I will trade in altcoin because with altcoin trading I can get a lot of profit and this altcoin is also the price that is still cheap can provide a lot of profit for me so I have to be able to take advantage of altcoin price movements to grow assets I have.
I bought several altcoins from half of the assets in bitcoin that I have, this I did as my strategy to add assets from new altcoins on the exchange and there is potential to increase the price
yes it is indeed needed to give a lot of money so that the assets we have can grow well but keep in mind that trading bitcoin into altcoin is only to altcoins which really gives certainty about price and progress.
Yes why not but not all. I still consider bitcoin as a good investment and i cant afford to lose all of it. On the other hand, altcoins brought us more opportunity than BTC depending on the popularity of coins and datas and charts of its history. Since altcoins exists later than BTC, its price would possible become higher than lower in the future.
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?
If you do not know how to trade, then you need to learn. The surgeon does not take a scalpel does not mean simple skills like doing surgery. so you do not make stupid actions. Start learning. 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?
I would do the opposite of that. I would sell as many altcoins as I can to buy more Bitcoin and to hold as many Bitcoin as I can. It has never been even a discussion to be in some other way. Bitcoin is definitely the number one coin and I would never risk like that and put my profit at risk selling Bitcoin to buy Altcoins.
Most likely not, I have not yet decided until the end, but my inner intuition tells me that it is not worth doing. As long as I keep mine.
I guess this is my time to buy altcoin before the altcoin increase later so I will trade my bitcoin to get altcoin. maybe I can only buy cheap altcoin because I don't have much of bitcoin and I can only expect that after I buy altcoin, the price can increase at least two times from the price before so I can make a nice profit. I will choose profitable cheap coins on the market as I know that cheap coin price has a chance to increase higher.
I have a rule, and thats simple! Never sell your bitcoins. So for me, bitcoins give me always the msot profit. And thats why i continue to hold them. Of course i am also interested to buy some other altcoins. But when i see some i want to have, i try it to buy it with fiat money, so i pay in new fiat money to buy them. Because i always regret to sell or trade my bitcoin.
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?
I share your views and subscribe to your idea, there are some aitcoin that you can invest in that are more profitable that btc, no disputing the fact that btc is a long term investment, but it is advisable to toll dices at time and look the way of short term investment. 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?
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?
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?
For most of the part you are correct! I also do day trading and HODL for some. We need daily profits for our basic needs and others may find it nah but most of the time I feel safe to trade in this way. The complexity of the market and be able to read graphs and trends much more superior to long term.
I do, and at times fortune takes place. Right now I've been facing a big downfall. The investment that I made over an altcoin doesn't show any signs of growth while bitcoin has begun to be bullish. From this what I understood better about the market which isn't that easy to predict. We need to be active and should have the mentality to overcome the unexpected price fluctuations.
Until now, I still believe in the growth of bitcoin, so it is impossible for me to do it, even though bitcoin has experienced a significant fall lately but now it has improved again and the price continues to rise.
I don't think it's the right choice if you do this by selling bitcoin that already has high confidence in its growth and is used to buy altcoins that are still difficult to predict in the future.
I don't think it's the right choice if you do this by selling bitcoin that already has high confidence in its growth and is used to buy altcoins that are still difficult to predict in the future.
Yes, altcoins are still a great prospect, so you should pay attention to them. And to raise funds from BTC trade.
at the moment I still believe in bitcoin so I will keep holding on to bitcoin that I have and not sell it to buy altcoins, for me bitcoin remains the best coin and will definitely have a high price again and be profitable
yes of course I will continue to buy altcoin because I believe that with this altcoin can get a lot of profit because the conditions of altcoin prices are still so cheap that making altcoin is very easy to increase prices.
I have currently traded all my Bitcoin for altcoin. I believe alts will pump much more than Bitcoin so I plan on riding them up to gain Satoshi value and then jump over to Bitcoin at the peak.
It was fine to trade bitcoins with altcoins as long as you have the assurance to earn profit and that is the reason you have to look at the platform before invest a huge amount into a certain coin.
First of all I will try to find some good alt coins with a huge potential, which can go at least 10X.
Then I will trade these alt coins with bitcoin, but I will do this trade partially & would prefer to hold some bitcoin. If I didn’t get any good coin then priority will be to select some good coins from top 10 coins.
Then I will trade these alt coins with bitcoin, but I will do this trade partially & would prefer to hold some bitcoin. If I didn’t get any good coin then priority will be to select some good coins from top 10 coins.
Its better to have more than only one holding
Diversifying your investment is a better strategy than putting all your money in one .
Diversifying your investment is a better strategy than putting all your money in one .
You can buy altcoins for a small part of your bitcoins, if you have a huge desire to trade. But do not sell all bitcoins.
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