Will you trade Bitcoin to buy Altcoins? - page 18.

Zero504

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Quote from: Flor1982 on July 29, 2018, 11:30:28 PM

This is possible for me specially if Bitcoin will become more expensive and the certain Altcoin become cheaper to purchase with the potential to double my money but for now i will just keep on holding my Bitcoin as i'm waiting for the moment that it will become ATH again so that i can ride on and buy much Altcoins in the future for my alternative investments.

depending on your destination as a trader, but you do not look as active as a day trader, now bitcoin prices tend to increase so many people start believing to buy in bulk, but btc correction time is also seen so often so I choose to stay active to not focus on bitcoin alone, many altcoins have an active development, including in the periodic new market voting list.

Flor1982

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This is possible for me specially if Bitcoin will become more expensive and the certain Altcoin become cheaper to purchase with the potential to double my money but for now i will just keep on holding my Bitcoin as i'm waiting for the moment that it will become ATH again so that i can ride on and buy much Altcoins in the future for my alternative investments.

BLAST2MARS

full member

Activity: 490

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Yes, because it is the easiest method anyone can do to buy any altcoins he will prefer. Not all altcoins are available through fiat. Most of the time, you really need to buy bitcoin first before you are able to buy altcoins especially those that just newly released.

hajimasan

hero member

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Quote from: imadmirer on June 26, 2018, 05:43:15 AM

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?

Ofcourse because this is most simplest and easy way to do work in this field , without doing a job we can't make another work .
And also it is the most profitable way to make earnings in the cryptocurrency market , so how can make myself at distance from this work .In the present time price of bitcoin is about to stable , which is not a big deal to buy and hodl for long time .
For now it is also a opportunity for the bitcoin to fiat traders , because if bitcoin price will remain stable then surely chances are more that at stability we can easily buy at small low and sell at small high for definite amount of day profit easily .
. And also it is better for us to trade with the altcoins with such stability because with the fluctuations of the pricieof the bitcoin , the prices of the altcoins get disturb much , so better to do everything but we need everything at perfect timing , otherwise loss and profit are part of the trading .

tatum506

member

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Quote from: imadmirer on June 26, 2018, 05:43:15 AM

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 believe that you should only bitcoin, you can see that the market is fluctuating continuously, bitcoin prices are constantly recovering very strong in recent days and are showing uptrend very clear. But prices of altcoin are constantly falling, the market is showing signs of recovery, I think that if analyzed carefully, we can also buy altcoin at this time.

beverly788113

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Quote from: 2@abcdeeply on July 28, 2018, 10:12:30 PM

I only deal ETH to convert to altcoin, because I believe eth will increase. And conversely, I often convert altcoin to ETH, I never converted to BTC.

At this time I believe that we should only trade bitcoin, you can see that the market is fluctuating continuously and it is hard to guess, bitcoin prices are constantly adjusting and rising slightly in recent days but the price of altcoin is falling very strongly. So I think that at this point you should only invest in short bitcoin and should not invest in altcoin.

2@abcdeeply

newbie

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I only deal ETH to convert to altcoin, because I believe eth will increase. And conversely, I often convert altcoin to ETH, I never converted to BTC.

Faxmate

sr. member

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Quote from: kolfedinew on July 12, 2018, 09:31:36 AM

Its good to variaty your investment case in the most profitable alts and according to me this is the best time to invest at ico period .You can partially cut down your total investment from btc to invest in coins like NEO STM NEM.

Well I have a bit different opinion, to me it seems good to hold your coin, because the market is struggling soon the price of bitcoin will overcome all lose and will become at the top of all expensive currency, so I think instead of trusting anything else better if you stay in touch with your investment which is only bitcoin, storing good amount of bitcoin to trade for long term is many times better than trusting other action because bitcoin is the mother of all altcoins,

kordon16

newbie

Activity: 69

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If I see a clear benefit in this, why not. But for these operations, I will allocate a separate part of the capital. In any case, I will always have an investment in BTC in my work

EconomydayS

jr. member

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No, I won't, because I think it's a stupid idea. Bitcoin in this market is more stable than altcoins. Altcoins are now all flying down.

ervinmadureri

member

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Merit: 10

Quote from: imadmirer on June 26, 2018, 05:43:15 AM

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?

At this point I think you should only buy and invest in bitcoin, you can see that bitcoin prices in the past few days has continuously increased and rebounded very strong. Prices of altcoin have been falling sharply over the past few days, and the price of bitcoin has also led to a drop in altcoin prices.

Therefore, I believe that at this time you should only invest in bitcoin to be able to earn a profit safely.

tulezua

full member

Activity: 279

Merit: 100

I prefer to buy Bitcoin better than buy altcoin because Bitcoin's value is unpredictable. But when I just bought Bitcoin and stuck my foot in that place for so long, I was bored and I wanted to use it for business.

TheKeyLongThumbI

full member

Activity: 448

Merit: 100

That is what exactly I do and vice versa. Crypto to fiat is not present in popular exchanges so I wait for the right timing to trade my bitcoin to buy altcoins again. Of course, I do it when it's pumping so hard and then buy them where they are on their lows.

zanezane

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Quote from: turkandjaydee on July 23, 2018, 09:22:16 PM

Quote from: ervinmadureri on July 23, 2018, 07:24:57 PM

Quote from: imadmirer on June 26, 2018, 05:43:15 AM

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?

At the moment I think we should only trade bitcoin, you can see that after a very strong recovery many days in a row, at the current price bitcoin has started to fall sharply. I think that this time you should only invest in bitcoin to reduce risk as bicoin prices increase and altcoin prices decrease due to capitalization on bitcoin.

What i can say is just focus on bitcoin when it started to move (i mean like the current situation), and sell your bitcoin and go to altcoin when bitcoin goes sideways and altseason is coming.
There are 3 rules in crypto market, btc up = alt down, btc down = alt down, btc sideways = alt up.

And we're now in the trend of bitcoin up while the alts are down. We might see the start of bullrun of bitcoin but not for the alts and seems bitcoin will leave the alts on the floor. Actually, I'm dying to see this yet my portfolios are on alts. I'm dead now. Grin

turkandjaydee

hero member

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Quote from: ervinmadureri on July 23, 2018, 07:24:57 PM

Quote from: imadmirer on June 26, 2018, 05:43:15 AM

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?

At the moment I think we should only trade bitcoin, you can see that after a very strong recovery many days in a row, at the current price bitcoin has started to fall sharply. I think that this time you should only invest in bitcoin to reduce risk as bicoin prices increase and altcoin prices decrease due to capitalization on bitcoin.

What i can say is just focus on bitcoin when it started to move (i mean like the current situation), and sell your bitcoin and go to altcoin when bitcoin goes sideways and altseason is coming.
There are 3 rules in crypto market, btc up = alt down, btc down = alt down, btc sideways = alt up.

ervinmadureri

member

Activity: 302

Merit: 10

Quote from: imadmirer on June 26, 2018, 05:43:15 AM

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?

At the moment I think we should only trade bitcoin, you can see that after a very strong recovery many days in a row, at the current price bitcoin has started to fall sharply. I think that this time you should only invest in bitcoin to reduce risk as bicoin prices increase and altcoin prices decrease due to capitalization on bitcoin.

captaincomet

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Investing isn't about everyday income, it's a long-term game (unless it's an ICO flipping). And yea, trading alts can make you more BTC

racingboy

newbie

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This is one of my strategy,
As you've said BTCTC is a long-term investment
so by using BTCTC as your capital in day trading
it could double the profit

magmar

sr. member

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Merit: 250

Quote from: imadmirer on June 26, 2018, 05:43:15 AM

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 relies upon the altcoins you are exchanging, a portion of the real alts have as of now a market top that is high and ought to be exchanged the greatest and best trades so there is no hazard with those coins aside from the hazard natural to any market and the hazard created by your aptitude or absence of expertise

stefany101

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If i see that bitcoin's price is falling then I will trade my bitcoins for altcoins, in order for me to avoid big losses and I will convert it again on bitcoins once the price back to normal or become stable again.

Topic: Will you trade Bitcoin to buy Altcoins? - page 18. (Read 4145 times)