Topic: Will you trade Bitcoin to buy Altcoins? - page 22. (Read 4145 times)
I think it is not a bad idea to put part of your BTC allocation to various altcoins. They could make good profit once the market recovers and to me, it is always a good idea to diverse the portfolio
Depending on the market situation, I will make different decisions. For example, if the bitcoin price is low, I will spread the word to invest so that I can buy bitcoin and if bitcoin can reduce me will keep them
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?
I sense additional protected while saving bitcoin rather than altcoins. bitcoin is a long haul subsidizing for me. be that as it may, I need to make step by step benefit as well, yet I abhor each day exchanging. I dont have adequate capacity to peruse the graph, to are expecting the commercial center. all that I will improve the situation purchasing and offering is best investigation the news. presently i've a little mining rig, I am trusting it can be the appropriate response of my concern.
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?
In my own opinion, holding bitcoins today is more profitable in the future more than switching to altcoins because the price of any alt in the market is very slow so do not switch immediately since there will be always a chance for bitcoins to rise up again.
this will be a superb strategy to make it very large in cryptocurrency. data like that is very beneficial to some of us that new within the market of cryptocurrency and so that it will boom our exchange to among to people who have a whole lot advantage in future. correct strategies!
I am so into altcoin right now that I have to sell some to get Bitcoins. Its hard with all the market crashing down and most of the altcoins are at their all time low. This should have been the time to buy some.
I sense extra secure whilst preserving bitcoin instead of altcoins. bitcoin is a long term funding for me. but, I want to make day by day profit too, but I hate every day trading. I dont have sufficient ability to read the chart, to are expecting the marketplace. all that i will do for buying and selling is best study the news. now i've a small mining rig, i am hoping it can be the answer of my problem.
I do not like this time to trade bitcoin to keep the coin altcoin because i like to keep the coin bitcoin than i like having lots of properties from keeping the coin bitcoin i like to bitcoin the re-price to sell them
This span of time may be one reason. Irrespective of the current situation and the time nature, I will simply base my decision on the future profitability either in short term or in long term. If the profit in altcoin was high, I will treat Bitcoin as money and will exchange it for altcoin. However if it were not so, it will prefer to keep Bitcoin, though for the diversification of my portfolio, I can have some altcoin as well. 
I do used bitcoin to buy altcoins because some altcoins are very cheap now and in future one can really make good money from it. The rate it takes bitcoin to double in price is not the same rate it do take other coins to double in price because those coins that are below $1 can easily get you profit than bitcoin.
I have also used bitcoin to but an altcoin but until now I am not able to get any profit from it because the prices are still on dump. Trading is not easy and profit is not sure but if you get lucky, you can get a coin for a very low price and then earn big profit when it pumps and this is why you have to be cautious in choosing which coin to trade. Choosing is risky since the coin is possible for not gaining value so it is strongly suggested to study very well the coin you choose.
No i wont trade bitcoin to buy altcouns. Because we know about the growth of bitcoin. But we cant judge the altcoin and at the same time it takes long time to reach high. But incase of bitcoin the growth and downtrend ate happen simultaneously. Easily we can know whether the price goes to high or low. According to that we can sell or hold the coins.
I do because low market cap coins tend to increase in value in a bull trend faster than bitcoin. In a bear trend i buy back in bitcoin because altcoins lose value a lot faster
I do used bitcoin to buy altcoins because some altcoins are very cheap now and in future one can really make good money from it. The rate it takes bitcoin to double in price is not the same rate it do take other coins to double in price because those coins that are below $1 can easily get you profit than bitcoin.
It is their wish whether to buy the altcoin or not because people are actively trading their Bitcoin buy buying altcoins. While investing into altcoin we have to be very careful because there are fake projects circulating the market and this makes people afraid of investing in altcoins.
yes, if you are a good trader then you can gain more profit than long term investment even the market is down you can still make profit because some altcoins are increase.
Right. I do it often. It is better sometimes to change Bitcoins for different good altcoins. I think that cheaper alts like Ontology, Stellar, and TRON are good ones.
I will say yes to your question, because altcoins are more profitable than btc , but you still have to know the entry level so as not to get in lost, altcoins can give you 10x of what btc will give you in a year even if btc is bullish at that moment and altcoins is bearish as long as you enter at right time it will definitely gives a better results.
I was looking at the possibility of investing in several Altcoins as part of my trading by selling off Bitcoins. I do feel that with proper planning and execution, the profits that could be reaped through these Altcoins by day trading in a week would be far superior to that of Bitcoin.
It is true I am talking in terms of a short term gain. BTC is certainly a long term investment but what about the short term gains? As an example, even if I invest in 1000 coins of IOTA or 10000 coins of NEM, I am assured of greater volatility in the market for these coins compared to that of BTC. If NEM makes a high on a particular day even by 0.05$ 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 think that at this time we should trade bitcoin, can see that bitcoin prices are slightly adjusted to about $ 6600 and are tending to decrease, if the $ 6400 level is not broken, bitcoin prices will return. on the $ 7000 level and if the $ 6400 level is broken, the bitcoin price will fall to the $ 6000 level. Therefore, I think that you should not altcoin trading at a time when it would be very dangerous. 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?
Crypto currency is volatile so we can't say everytime we get loss or profit. But day trading needs experience at beginner level it's very hard. And trading alts with Bitcoin is bit better because all alt coins follow BTC.
I think this is a risky deal as alts do not necessarily follow the bitcoin trends. Profit margin in bitcoin is also higher compared to crypto investment. But if you have enough experience to predict the market trend then definitely you can earn a lot through altcoin investment.
Yeah it is good to keep on trusting on bitcoin because trading your bitcoin to get money for altcoins is definitely foolish decision, as one of my friends do buying some altcoins and trust me he is regret of buying them because all of them are useless and scam, I am bitcoin investor and I only trade in bitcoin to increase my money so that I will be able to buy some more bitcoin, so I am not in favor of selling bitcoin to buy altcoins.
The innocence of the difference between these two excuses no one. It's funny to think that bitcoin will exchanged with altcoins-those with lower value than bitcoin. How could it be thought in the middle of this declining stage of cryptocurrency.
Imagine we are talking not only about bitcoin but also the altcoin. And we all know that among all cryptocurrencies, bitcoin holds the highest value.
Imagine we are talking not only about bitcoin but also the altcoin. And we all know that among all cryptocurrencies, bitcoin holds the highest value.
for now do not want to trade anything because the market is not stable and tend to go down ...
nowadays it's better to work offline just to get the earnings delayed due to market down ...
it is good choice, it is better to hold and wait for good moment than in hurry to trade with situation market like this. some of my friends who trader also wait the market until be good and stable before back to trading activity nowadays it's better to work offline just to get the earnings delayed due to market down ...
You of course can do it, as buying altcoins you have a better chance of getting a huge profit. Diversification should be absolutely everywhere.
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