Bitcoin Forum

So when trading altcoin with bitcoin, how does bitcoin price change affects your trade?
I mean if bitcoin price is low, and also an altcoin is at a dump, and you do the trade, and then both of them rise up, the altcoin you traded is at its peak in terms of its dollar value but as the bitcoin price is also very high, you won't be earning any profit even if you sell the altcoin at its peak.
so what are the appropriate solutions at this point of time, as you don't actually want to lose bitcoin and also don't want to lose the opportunity to make some profit as the altcoin you hold is at its peak.

Hope you guys got the scenario, I know its confusing. 

I feels the reality behind the trading with the change in the price . That I can explain it through my real example .
I made buy of blry when the price of the bitcoin was high , Since my profit in the blry increases by the price of blry in unit of BTC .
That means the investment 0.1btc is converted into 0.15 BTC but the price of the bitcoin goes down to about 40-50$ that was totally disappointing for me because my profit in the blry trading destroyed by the down in the price of the bitcoin .
So here we can say with increase of bitcoin price the price of altcoins goes down and vice versa .

What you are telling is that change is for that time only but you can also see that when the alt coin price goes up and bitcoin price is going down is not bad because when i sell the altcoin in profit it is not necessary that immediately that sold altcoin bitcoins i am going to sell it as the price is low so i will keep the sold altcoin converted bitcoin in wallet and when the bitcoin price rises i will sell it so the profit is taken by both side. It is so simple for that you dont have to get complicated your self.

So how do you cope with that? Is the best option at those times to just hold onto your altcoin? Or is they any other way too?
I was thinking, is trading altcoin with another altcoin also possible? I mean, that can be used to compensate if used properly, right?

Yes it's quite confusing but as far as I can understand, in my own perspective, you could not care about two different coins at the same time. If you are targeting bitcoin then go for bitcoin trading instead of thinking about how much it would be if converted to a certain altcoin because if bitcoin moves very fast how much faster would it be for altcoins.
My technique is select an altcoin which you think has a potential of growing then invest in it while estimating if bitcoin will grow by the time you are investing. Hope it helps.

Yeah , the better thing is to hold your altcoin if the price got stuck more . Well here it is reality that with the change in the price of the bitcoin results into the change in the price of the altcoins . This is because it is to maintain the value of the altcoin . If the price of the bitcoin increases then here we need to compensate the effect of the increase in the price of the bitcoin  , and to do this we can only by the decrease of the price of altcoin .
But here it is to noticed that the price is regraless of the price of the bitcoin Because at the trading sites the value of the altcoins depends upon the demand and bid of the users and traders .

What I find is that when bitcoin rises, most altcoin in fiat terms rise as well.

But when bitcoin rises, most altcoins especially the top 10 altcoins will drop dramatically in bitcoin value or stay the same in value. They rarely will go up by a lot when bitcoin price is going up by tons as well.

This correlation is usually caused by altcoin traders are also bitcoin traders.

There is only so much money in the trader's hands, when they are long with bitcoin they can't be long with altcoins.

Chinese factor or more straighforward: PBOC fud.

Usually,when bitcoin price increases,altcoins price starts dropping.So if you have invested in an altcoin and its price increases and at the same time,bitcoin price also increases, then it would give you good benefits.If your altcoin price increases and bitcoin price goes down,then it will not benefit you in selling since btc price is low.

Just buy the cryptocurrency and hold the BTC,don't make a trade for selling BTC for the crypto.Also if the crypto increases it's worth,you'll still be in profit,although you'll be left with the exact same amount of BTC.So if you want to have both big amount of BTC and profit,try not to sell the BTC in the first place

Trading to me is simple combination of buy when the price is low and sell when the price is high. So in the situation that you explained I would just wait and do nothing.

Yes that would be the only option alongside hope.
But is it possible, say for example an altcoin which is now twice what it was when you bought it, but as bitcoin is also pumped, so if you sell if for bitcoin, there will be no profit in terms of bitcoin, so can we sell it for another altcoin, say ether? And when the value of bitcoin and ether is as appropriate to get the benefit in terms of bitcoin, you sell those ether for bitcoin.
Is it a good idea? And more importantly, can it actually be done on exchanges like poloniex?

first of all this is a wrong board for this discussion, it should either be in altcoin board or trading discussion.

and about what you said i have say you are investing the investment and you have to accept all the risks coming with the double process.

if you believe in the future of bitcoin and are speculating that bitcoin is going to rise in long term then how bitcoin price is changing short term while you are joining in a pump and dump altcoin should matter to you at all because you go in with x amount of bitcoin and come out with x+ amount of bitcoin and in the long term your initial investment of bitcoin has grown.

also i should add that in altcoins you should try to think more in terms of their value against bitcoin in my opinion instead of their USD value.

yes i agree with you, the scenario is almost similar to his fate, but best scenario with analysis and knowledge world cryptoccurency. have a good scenario requires experience, and the experience of having a very expensive price.

I always prefer to hold all my bankroll in bitcoin rather than in altcoin, and i play with other alt on day trading to make profit in terms of bitcoin than i quickly sell them by end of the day for bitcoin.

As we all know bitcoin is good for long term holding and its price will certainly rise over time, but we can't expect same for other alts. So play with other alts, hold only in bitcoin.

if i see all the coin are pumped i know that bitcoin will be dumped, if i see bitcoin pumped many coins will be dumped, this work very good, but not always, we can see that recently it didn't work, because both were pumped, when i trade i do it only after the pump ended, you can now this by following the news about bitcoin, bitcoin is what make the other coin pump and dump, just follow bitcoin

Every altcoins has different behavior in relation to bitcoin, some would pump when bitcoin dump, the like are ETH, DASH, and XMR, that is based on my observation. In other scenario where both bitcoin and a certain altcoins dump, I think I would go with bitcoin because there is a big chance and it will rise again after a short period of time but with altcoins it's not certain, worst is it will die and we will lose our money if we buy or did not sell when holding it.

There is no way that the effect in the price of bitcoin whether positive or negative will not affect the price of Alt and its because Bitcoin is like the dollars in the Fiat world where most currencies in the whole world is trading against as any fall in the price of dollars means the local currency as appreciated so in my little way of trading, I dont need to pray for doom for bitcoin, I just make little margin if it happens then bolt its as simple as that...

The value of a coin is always the most important factor when we trade coin and bitcoin. You can use alt coin as a reserve when bitcoin is low, and when it comes back you should convert it to bitcoin, which will bring a lot of benefits and convenience. However, it is very dangerous, the alt coin usually does not carry a stable value, it changes constantly. So it has a lot of impact on the bitcoin market. It is very difficult for us to predict, so, if you intend to do that, I wish you good luck.

Sometimes its confusing but we have to analyze first the scenario. In this case you can trade an altcoins which is promising that gives a profit in the long run. Because if you can notice the btc price is rising the altcoins drop its price. So, we could invest in bitcoin that surely will give profit and chose altcoin which profitable.

I think yea, China has large numbers of miners and traders also Chinese government policy about bitcoin
there are impact on bitcoin price and other altcoins,
the other factors that will makes change bitcoin price is news bad news or good news because some traders
use analysis fundamental for making prediction.

and also we needed to add the whale club which really making big impact when they shake the market, those big holders that
making certain movement either ups or down, we can't analyze how they will work it out but surely if we know how to follow
their leads we will be successful, just be consistent to keep reading here inside this forum and you will learn more about how
the bitcoin price moves.

Yup the forum will gives us many informations about bitcoin and relate it especially bitcointalk,
unfortunately there are not forum of bagholder who has large of capital and when they will do
pumping and dumping, so we just know movement of price from the candle chart with method
analysis technical for making prediction the price.

china has the great number of population and it has also a great number of miners and traders but i think the mean power who controls it is it users and i think the mean factor for the rise and fall of the price is the users.the rise and up of the price will cause great effect on the traders to do investment it bitcoin or not.

This...my brain can't handle. Profile pic and sig from different campaigns, English isn't your first language I assume, but if I understood you correctly then I'd advise looking at the speculations around the BU hard fork. Exchanges are on hold because of it, the power is no longer with the user right now, it's with the miners

Mining is been reduced into half in last halving like in every halving. If you see this last dumped amount around 100$ made changes in trading means, yes its made a effect here. Prefect answer is loose for sellers only. They might panic and sold their bitcoins in hurry and traders got profit because of it as it turned to moving upwards.

You have to look at overall profit you can get in terms of bitcoin rather than being confused about what you are making in terms of fiat. Price of both bitcoin and altcoin is volatile so just try to get more bitcoin in total, you will get more fiat for sure by end of your trading.

Shockingly, people in China who own monopolies in several different things are still users.  As users, owning a lot of Bitcoin and controlling a lot of Bitcoin is still going to affect the market no matter what country they come from.