Topic: Will you trade Bitcoin to buy Altcoins? - page 24. (Read 4145 times)
Yes I have another income, then in cryptocurrency I can be a long-term investor. But I can see trading in relation to Bitcoin and Ethereum is very interesting. It could be a very good strategy to make it very big in cryptocurrency.
I can suggest you some advice. Don't trade without much experience. Trading with altcoin is so risky. There is a chance to loss your capital also. In this case, you should need more information and experience.
Your statement tells us a very different aspect of trading. How a person don’t get expertise if he doesn’t start with trading at first place. No one comes with experience from childhood. Everyone learns the things and then their experience level starts growing. So how can you say an individual don’t just jump towards trading if he hasn’t any sense of trading or experience. 
I feel more comfortable when holding bitcoin rather than altcoins. bitcoin is a long term investment for me. however, I want to make daily profit too, but I hate daily trading. I dont have enough skill to read the chart, to predict the market. all that I can do for trading is only read the news. now I have a small mining rig, I hope it can be the solution of my problem.
well, I've done that, and of course I'm benefiting from it. for now, I think so many are doing this. even by selling bitcoin, we can get altcoin that can make us get big profit when the price goes up.Their is always risk in trading but if you properly analyse and prepare a good report of a coin which you are going to trade against btc then i think you can make a decent profit from it and in the end of the day this all profit will be converted to btc so automatically your btc investment goes high with this altcoin trading. Big players are playing like this only and creating wealth with small portion of btc investment.
I feel more comfortable when holding bitcoin rather than altcoins. bitcoin is a long term investment for me. however, I want to make daily profit too, but I hate daily trading. I dont have enough skill to read the chart, to predict the market. all that I can do for trading is only read the news. now I have a small mining rig, I hope it can be the solution of my problem.
well, I've done that, and of course I'm benefiting from it. for now, I think so many are doing this. even by selling bitcoin, we can get altcoin that can make us get big profit when the price goes up.
I prefer to trade cryptos/fiat instead of crypto/crypto pair. So, I won't trade my btc to other cryptos. When I see a promising alts, I will buy it with fiat. The chance to sell my bitcoin to buy alts is exist but after I convert it into fiat.
If you know how to start cryptocurrency trading so you can start cryptocurrency trading but if you don't know how to start cryptocurrency trading, I just suggest you must learn about cryptocurrency and must follow coinmarketcap and analyses which is the very good coin. Then you can start cryptocurrency trading. If you want to buy Bitcoin but at the moment I just suggest you must buy too many altcoins because Bitcoin is a very popular and more valuable coin in this digital world so you need to buy altcoin, if you want to make a huge money in this cryptocurrency market. If you don't buy altcoin you can't make a good profit in this online industry so at first analyze market then start buying altcoin.
Altcoin is a coin with less value while the Bitcoin is more valuable than all the other currencies of the crypto market. It is easy to start trading with Altcoin because it is less valuable and anyone can easily afford it. The right statement should for trading with Altcoin to start Bitcoin later after making profit in Altcoin trading. If you are a person with low savings then step forward for Altcoin and then upgrade to the Bitcoin. 
I agree, if the market provides an additional opportunity to earn, this chance should be used. But it is necessary to carefully evaluate the risks.
Over here, you got to treat Bitcoin and money and if you are able to earn more with altcoin than the money(Bitcoin) you are holding, you should actually go for that because that is what every rational individual will do. However if the expected return is low than that of Bitcoin, it is better to hold Bitcoin and rather not go for it. This is called crypto evaluation and in my opinion if one is holding a diverse portfolio will earn a good stack of dollar.
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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.
Investing in altcoins can be seen as investing in people's ideas, I think that this is a very useful and proper investment, because it is ideas that can bring people more resources and opportunities.
Yes, it good to make or earn money on a regular basis with the exclusion of long-term. But, in terms of long or short terms form of trading or investment, bitcoin pose as the best crypto currency and i will never trade my bitcoin for any altcoin. Besides, the time of investing and the level of experience of cryptonier with the capital posses will determine the best way a crypto currency trader or investor earn his/her income.
I think this is a great time for you to buy and trade bitcoin, you can see that bitcoin prices are rising very fast and this is the backbone of the altcoin pump price, now a lot of altcoin has started. pump prices are very strong and this is your chance. The market is still very active and you can be assured of liquidity in each transaction.
corection , bitcoin is not rising verry fast because if it is rising verry fast then why we are still stuck at 6k to 7k levels? the value is up and down but continously rising due to the effects of volatility.
though i agree when you say that this is still the right time to buy bitcoins because their value is still pretty cheap when compared to last years value. however trading them right after you buy them is not recomended because you will not earn that much, instead it is better if you can just hodl it for a while.
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 this is a great time for you to buy and trade bitcoin, you can see that bitcoin prices are rising very fast and this is the backbone of the altcoin pump price, now a lot of altcoin has started. pump prices are very strong and this is your chance. The market is still very active and you can be assured of liquidity in each transaction. 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 am thinking of diversifying my portfolio, so i have to sell some bitcoin to buy altcoins. As a part of my strategy, i am planning to buy some established altcoins and some newly listed altcoins.
Diversifying is onew of the best method to earn profits. It is dividing your funds to different coins, like altcoins (undervalued altcoins will do). Just like me, I am holding for long term position those altcoins is new and still undervalued. That is my strategy as of now. 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.
Sometimes i do that. I trade bitcoin for ethereum. Because this altcoin has the potential to be the no. one coin in the market. It is risky but. I believe in ethereum.
Your way of thinking is long term but this dip we can move to good profitable investment because good traders plan for the current situation then only we will earn more profit in short time. But you only believe in Ethereum you can stay here otherwise you must analyse the profitable and potential project.
it seems that I prefer to trade altcoin rather than trading bitcoin because with altcoin I can get a lot of profits and altcoin prices are also still very cheap so can get a lot of profit.
Sometimes i do that. I trade bitcoin for ethereum. Because this altcoin has the potential to be the no. one coin in the market. It is risky but. I believe in ethereum.
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.
That's a good idea to make it more productive. As we all knew bitcoin seems to be stable so it is good idea to sell a little amount of bitcoin and try short trading. Actually we are on the same position and I believe it would be good idea if you do my strategy.
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