Bitcoin Forum

hey guys ,
i'm a trader but since btc got pumping and and still no correction all altcoins is going down , maybe there price is going up in dollars but i trade vs btc ,so i'm losing and can't trade as long btc go higher and all coins go down , i'd like some advice on how are you doing with these movement

First of all Bitcoin price is being corrected now and it has dropped to 15000 dollar from 18000 dollar.
I think altcoins will rise in price soon after bitcoin price becomes more stable. If you have lose some amounts of money be patient and do not panic.

And this is why I don't do trading myself (at least day to day). Real fortunes in crypto have been made by holding into the good coins and not trying to trade ones agains the others.

I agree with everyone else. I think crypto is great to hodl, not trade. People end up wasting hundreds of hours trading only to be behind on profits.

i'm not panicing but every time i trade i suppose that btc will be stable and boom all altcoin dump and it's really annoying  . i just wanna know how other people do day-trading with these fluctuations in market

people are dumping the alts to be able to get bitcoin forks i believe...

now temporay altcoin go down and don't be panic sure tomorrow will pump again. just relax guys

I forgot about all the forks that are coming out. Do you know if we get the splits from forks if we keep our coins on coinbase? I know for coins kept on blockchain, you can get the equivalent amount but I'm not so sure for coinbase.

As for the fall of altcoins, relax you'll be fine. Day trading is risky so just hold onto some good coins and watch the news.

You really should take the emotion out of it. You sound like you’re panicking. Are you over trading by any chance? When the alts I hold go down, i buy more of them. If I’ve spent all my money, I sit on the sidelines. Do more research. Some alts still up vs btc. Forcing a trade will make you make bad decisions.

I still see the ones I pay attention to higher than where they were, say a couple weeks ago. While they might not have done as well as the likes of LTC, still good.

When I did the heft of my altcoin trading as a rule alts generlly trended down, it's actually occured to me how different trading on an up trending market is..

In downtrending with no margin basically you are trying to flip the dead cat bounces along the way..

Also sniff out the hype around this and that.. Could find something about to go up..

Looks like some people buy alot of coins while alts are in the red, I see some green candles that have some very heavy btc flowing into the coin in the last few hours, so what is happening with Altcoins??? They are on the way back up after a day in the red?

It is only recently and only if you measure it against BTC that you can make a case for the alt coins performing poorly. If you look at their index against the dollar they have been performing extraordinarily well. http://crix.hu-berlin.de/

I dont do trading with alternative currencies i believe that holding it is more profitable cause once bitcoin rises the price of all altcoins goes down and it is not good if your heavily invested in one altcoin currency that has having trouble to increase it's market cap and price that competes with btc. But bitcoin is now in price correction the price has dropped to $18k to $15k usd so some amounts may be going back again alts so the price may pump once again.

Altcoins are just like lotteries, you get some and forget about it for a 6 months at least. That's the best path you can follow in this way i guess.

One more thing, you should watch this one: https://www.youtube.com/watch?v=Hji-EA3aJPU

Nothing can go up all the time. When it goes up to a certain point, someone will choose to sell, which is normal. If it is a bull market, it will continue to rise until the bubble.

We were in the same boat a few days ago. I had a lot of my BTC in altcoins hoping i would increase my BTC by trading alts. Sadly, bitcoin is so bullish right now it seems unstoppable. Judging by the way its being bought right now i believe it could even reach new all time highs. This means its time to take some losses and sell altcoins before bitcoin pumps again. You can buy them back once bitcoin reaches new heights. Its hard but you have to accept it and make the smart trading decision. Sell at a loss so you can at least buy more of your altcoins when bitcoin surges upward.

It was dead for like 2 months.

Now finally its going up again.

Oh, sorry to hear that guys. The next you must be carefully. Sometimes maybe like that.  I see bitcoin graphic in market for many times bitcoin is higher than altcoin :)

Now is the time for altcoins to pump, I believe all good coins will pump higher in 2018. Just be more patient because this is cryptocurrency that defines the future. Better to hold more coins now and see your profit after years. Always trade with your strategy and you can win in this market.

Watching the growth of the total market capitalization on the coinmarketcap, I'm pretty sure that alt coin will go green again this weekday. Cheers!

Altcoins also raise in market but Bitcoin value is more high in any other cryptocurrency. In future it will change all the altcoins is pumping continuously so you should wait for 2 months. February is the best time to trade in cryptocurrency. Hold your cryptocurrency is the good profitable investment. Automatically it will raise in digital market.

There is an inverse relationship among them. When Bitcoin pumps, alts tend to go down but not all. There are few alts that pumps as Bitcoin pump, depends on the market. But the general rule is, Alt coins go down when Bitcoin's price is going up.

Bitcoin is tearing apart the ratio on most alts lately. OmiseGO peaked at like 320k satoshis and now it is sitting at 50k - and thats just one example off the top of my head...Seems like the alt cycle really ended a couple months ago.

Fix your profit before Bitcoin will go to pump.
When Bitcoin will go to correction — you will have a possibility to buy cheap altcoins at low.

Don't keep all your money in altcoins, much better to have some money in BTC always, for the reason I described before.
Also, some exchanges like Poloniex allows you to short some altcoins, so you can make money on dump too.

It's normal. BTC will be always ahead. Also, better to wait, when BTC will go down. After that altcoins must become stronger.

altcoin have agreat potential there are even some with great development and better than bitcoin in some way but still un notice but when crypto currency world gets more popular it will be seen and have much investment Bitcoin still the alpha coin because the other currency based on its price not the other way around but give it time we will see some altcoin rise to the challenge in the future   

I'm with you my friend! I'm looking at my investment portfolio filled with altcoins and I want to cry. :'(
 I'm waiting for December to pass, when all the forks of bitcoin happen and I hope that 2018 will bring a big profit for altcoins!

I think seeing such a strong growth, many traders are simply switching from trading in altcoins to trading btc, so the altcoins go to the red zone. I also hold positions in the altcoins. You just have to wait

It's going well for Altcoins lately. Ethereum is climbing again. And so are other Altcoins, like IOTA, Dash, Ripple and Stellar.
Things are looking bright for Altcoins.

It seems no need to worrying anymore about that,
The holders seems are being the winners now, altcoins are back to the green again.. this is very beautiful when I checking https://coinmarketcap.com/. And I still believe altcoins is another profits side that can still be an investment that promises a high profit opportunities, especially in Eth and Ltc I guess., I'm more prefer to the these coins on investing in altcoins.

They are doing well as of now! Correction happened and now most are rising.

Bitcoin is going up, Altcoins are going up. Hodl and wait for the profits to come in! But be cautious.

Its just completely normal for altcoins to drop. After their release , it just takes some time then drop like a bubble popping out in midair. Its just rare for altcoin to soar up and rise like a bitcoin. for most altcoins are short termed and not to last forever.

I think it depends on the coin, there are long term hodl coins like NEO and LISK, and then there are short term trading coins like digibyte. The problem with trading is that it requires lots of time to watch figures and charts, but if you can do it then good luck!

i appreciate your comments but i had like .5btc 2 months ago and bought some altcoins . they are rised now in dollar value but they are losing their btc value , so i made some profit indeed but if i just hold my .5 btc it would be 4x profit ! i hope you get what i'm saying .

they are more steady right now compared to weeks or months ago. top five especially have more foreseeable trends i guess. the important thing is to observe the coin, its strategy, volume and potential. not all of them but some has still great potential while btc rises.

I think this is just a temporery level. Return is rly possible I think

2017 was the year that many people came into crypto, mostly because of coinbase and other platforms that let you buy them easely.. And so this and the forks...made many holder move all their alts to bitcoin to gain with the trend

But remeber BTC is not scaling... nobody wants 20$ fees and slow transactions... Just see how right now most people prefer Litecoin over Bitcoin in Coinbase.

2018 will be the alts year, many will dissapear and many new will come, but the strong projects will consolidate...


BTC will go to 20k then maybe 30k... but even at that level the network and fees will be so slow and expensive that it will have no sense to buy it...

Soon its gonna become like some kind of an asset to trade and maybe save money in it?

Depends, not as trading assets as many are incorporating their own, as binance has BNB, etc...

But most most trader use BTC market now (exchanges are mostly ETH, BTC, and then a few also have LITECOIN and USDT)... but if you lets suppose  sell 1 ETH that came from 300$ to 400$... you trade it in the BTC market... get your 100$ in BTC.. would you loose 20$ of that profit when you withdraw that to your personal wallet out of the exchange simply to pay the transfer??... many people will.... but a lot will prefer to trade for Litecoin, usdt or whatever and keep all the profit... at some point you need to put and pull money in and out the exchange... BTC untill now was the access to the cryptospace... but obsolescence is coming... lightning network is supposed to fix it partially but it´s not a solution or something that will convert it into a new shiny product..

It's very easy to know :)) In this period, Bitcoin price increased too quickly, about 1000% in just few days so it's the main reason why other altcoin price/BTC decrease although the price of those altcoin/USD increased :D. But it's not happened to all altcoin cause there are some special altcoin price still increased both /USD and /BTC.