Topic: Will you trade Bitcoin to buy Altcoins? - page 4. (Read 4177 times)
No, I will not trade BTC, in order to pour them into another currency. I remain in my opinion that BTC will find its growth, which will affect my profits.
Probably not. Even though I really like various altcoins and hold some of them - I would not exchange BTC in altcoins favor, as for me it is not profitable economically.
Yes, it's better to hold your bitcoin and dont miss the chance if the price of bitcoin will rise up some time if this probably happen in not expecting time.
Probably not. Even though I really like various altcoins and hold some of them - I would not exchange BTC in altcoins favor, as for me it is not profitable economically.
I will never trade all BTC to buy other alt coins.
We all know BTC is most dominating coin in cryptocurrency. Btc have its own position in cryptos. No other coin can replace btc in the terms of its demand, market cap and returns. Many alt coins following btc in this league. I would say to secure my portfolio never trade all my BTC but yes partially can do. Can trade my partial btc to buy other alt coins to minimize the risk.
We all know BTC is most dominating coin in cryptocurrency. Btc have its own position in cryptos. No other coin can replace btc in the terms of its demand, market cap and returns. Many alt coins following btc in this league. I would say to secure my portfolio never trade all my BTC but yes partially can do. Can trade my partial btc to buy other alt coins to minimize the risk.
I have chosen a strategy to keep the currency. The market is too unstable now to buy and sell something. You can easily drain all the money. And the goal before us is to Increase.Because keep in them.
This decision is based on the cost benefit analysis. If your calculation about the benefit of doing so is positive, go for it. Bitcoin is money and you can buy Altcoin with it only if there is profit in doing so. Normally it is advised to keep Bitcoin but another factor that is called the diversification of portfolio can also be a reason why should you think about buying Altcoin with Bitcoin. This has other advantages and I believe one should have some diversification as well.
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?
The main thing is to have enough money for such transactions.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 example, having a deposit in each altcoin of about $ 5000, and the names of the coins in the amount of 7-10 pieces.
If you have a little experience and good intuition, you will succeed. I checked.
I am not a regular trader of altcoins but i always try to store more and more bitcoins as well as ethereum.
I know it takes more patience than altcoins to earn profits but altcoins usually drop upto 90% at same time.
So i can say sometimes i do trade between bitcoin and altcoin but i often don't like to trade bitcoin to buy altcoins
I know it takes more patience than altcoins to earn profits but altcoins usually drop upto 90% at same time.
So i can say sometimes i do trade between bitcoin and altcoin but i often don't like to trade bitcoin to buy altcoins
In most cases, I trade altcoins in order to invest part of the profit in bitcoin. For me, bitcoin is of great value. Among the altcoins I distinguish Ethereum and ripple. I also invest in them in the long term.
I have plan to buy altcoin when bitcoin value double then i will sell my bitcoin for altcoins and i hope that many crypto have a good potential for growth i love to use crypto for long term investment and i have to buy altcoin when i have enough amount of bitcoin. Now a days the economies have changed from bad to good and it is also because of 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?
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?
Couldn't have said it better my friend. I too am currently trading Bitcoin for alt coins. Volume of alt coins are not as high as bitcoin which makes them far more volatile and allows me to profit from the highs and lows. When I sell altcoins at a higher price I receive bitcoin and keep it as bitcoin in belief that bitcoin will surge in price at some point.
Everyone has their own opinions and beliefs, what happens in the market is the fact that the most solid bitcoins remain at the top of altcoin, most of all fall deeply into trading bitcoin, the most suitable for trading close and far
of course not, I've been traumatized by Altcoin, I've sold 0.2 Bitcoin to buy Ripple but then the price is crash, since that time I didn't want to sell Bitcoin to buy Altcoin better I just HOLD my Bitcoin.
In my opinion most of us will have a different trade form and go to the ultimate goal. I often combine the two forms i trade the Altcoins and make a profit from them and wait for the opportunity to Bitcoin down and trade it. After earning Bitcoin i bought the Altcoins invest and rotate between them.
Oh sure. Now there are many more promising altcoins than bitcoin.
For me. I will not trade my bitcoin. As we all see bitcoin is the most dominant crypto in the market. And i don't really trust those altcoins. They look good but in the end they will just lose their value.
I will not do it as well. Bitcoin is one of the best investments - I prefer to hold it. Altcoins, especially the cheap ones are for trading. I recommend dealing with at least 15 alts.
I have chosen a strategy to keep the currency. The market is too unstable now to buy and sell something. You can easily drain all the money. And the goal before us is to Increase.Because keep in them.
I was looking at the possibility of investing in several Altcoins as part of my trading by selling off Bitcoins.
What else is there to do ? Now there are places where you can directly buy altcoins with fiat however even than the fiat can buy you certain stuff and not all, for example you can buy eth and bnb and similar but you can't go out there and buy nano with fiat directly, best you can do is use something like usdt or something to buy it but even that is not directly buying it if you ask me. So yeah, if I ever want to buy any altcoin at all, I usually trade bitcoin to buy them. Because I have no other choice. If there are methods that can be used to buy altcoins without trading bitcoin I would love to hear about them.
For me. I will not trade my bitcoin. As we all see bitcoin is the most dominant crypto in the market. And i don't really trust those altcoins. They look good but in the end they will just lose their value.
Before you sell your bitcoin to buy another altcoin. Take a good look and study first the altcoins that you want to buy. Don't buy just because other people tell that the altcoin is good. Or its price suddenly pump. Buy only altcoins that has real uses.
I think there's nothing wrong if you sell your altcoin to buy bitcoin as long you know what are you doing and know to manage it. Many traders now do that because some think this the great way too get a good profit.
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