Bitcoin Forum

It seems many people are speculating the rise of BTC and therefore are transfering value from alts to BTC. But if you want BTC, buy it with FIAT! Fresh new funds are needed on the market! You are dumping alts making prices dump hard and maybe are speculating you will be able to buy more of the alts later on, but what idiot will selll it to you at that dumped price?? So if you want BTC, buy it with FIAT or at least don't expect to buy back more of the alts for cheap!

Lately the value of bitcoin again increased to 9,700 US dollars after previously had touched low enough level, which is $ 6,400 last month. While last December, bitcoin had touched its highest level to 20,000 US dollars.

That is probably good advice, if you are selling alts to purchase bitcoin then you are most likely selling at a loss and then hoping to recover ground when Bitcoin rises, the alts are likely to follow on after and will probably increase by a greater percentage anyway so you may miss out twice. Personally I never sell one to buy another it rarely ends well.

I do know what you're getting at, but I can't see the logic behind not selling alts when btc does a big jump. Most alt coin owners are bitcoin maximalists at their cores....what do you expect when they feel it's time to get back in btc? I mean, wouldn't you try and hop on that train if it goes to ath again? Even non-maximalists would go through this route, only to buy back their alts either with more btc (so more alts) or for a cheaper price.

I do get you. I do not sell my alts. I don't want to be part of that movement that is only buying and selling just to get a bit more $$$. In my vision there will be enough $$$ for everyone for at least those that bought in already in previous months/years. I mean, how much $$$ do you actually need? So I am sticking to my alts and don't care that much about btc.

They don't want to spend time depositing with their fiat but that's way better to contribute to market to make the volume higher.

Buying bitcoin with fiat is being done by newbies and I think I understand what you are trying to say here because most alts are dumped but look at the altcoin market again now.

When the price of altcoin growth instantly and then those are selling their alts for bitcoin will get a big lost because it will take a lot of time to liquidate their bitcoin to the altcoin again. you can see that how the majority of people are still speculating about that right now instead of spend new money to buy bitcoin when the price was so cheap.

I hate selling one coin and trying to buy into another that you believe will rise or rise faster than the one you are currently invested with. I have tried that a couple of times and all that ever seems to happen is the one I sold then goes on a run. Better to invest with new funds and keep your options open.

Yes, I think the amount of funds in the whole market is still insufficient at present, so at present, because the ETF may be approved, bitcoin has a good increase. However, most altcoin still has no room to rise, because many people have a high purchase cost, so people seek to sell the token at a high price.

I think it's a good idea. Buying real Bitcoins will allow the bitcoin to have a great amount of liquidity, thereby creating a trust for everyone that bitcoin can convert real money at any time - not just an imaginary cake.

I agree speculators in our market very much, they earn, but earn pennies compared to what it could earn if you did not sell your altcoins. As the author said the best choice is to buy bitcoin for cash and thus to increase the capitalization of the market, while still earning the same.

What a great post, thanks so much this post have really enlighten me more about this situation, most people makes this Same mistake repeatedly
But now I have learn.

Most of the users are investing in Altcoins to get profit in bitcoin and when their is profit in altcoin and bitcoin price is rising then i dont think that it is wrong to sell altcoin to bitcoins so that when bitcoin price is high can sell and reap double profit, which is i think nothing wrong as everyone is investing in altcoin to get more profit in bitcoins.

maybe you have a point, i should think about that. anyway, thanks for sharing your thoughts out loud :) need to find FIAT then, that's the trouble ;D

I think this is a good tip because each of us can buy some coins for fiat think that it really will saturate the market with new investments and the market will come to a head because attracting more money always leads to growth!

Nice views there mate,you're perfectly right on this because look at the market now,altcoins are dumping because of the investors attitude that selling their altcoins to buy bitcoins

But we need more capital to be added in market not same value than only converted,because if this will continue good alts will die and the market would never be balanced

bitcoin will get big losses because it will take a lot of time to liquidate their bitcoin to altcoin again. You can see that most people are still speculating about it now rather than spending new money on bitcoins when the price is so cheap.

Everyone knows about it and everyone has a limit they can invest on crypto. Investing everything on it would be a gamble.
For the market to rise, we would need new investors, the flow from alt to bitcoin and bitcoin to alt would yield nothing.

I understand your logic but not something most people are willing to do. It requires patience since transferring FIAT takes a bit whereas if you convert your alt to bitcoin, you save the time and fees.

I think that alts are much better now than bitcoin, even if sometimes the price of these seems linked, there is plenty of space for everyone in this crypto-space so a bit of both is good.

It actually depends. Depends on investors. There are huge noobs who only follow the % and buy. Bitcoin is definitely a good choice  for investment while you are talkung about crypto, but, come on, you will regret later when you will miss the potential of having more profit from alt.

No, Bitcoin didn't reached $9700 recently, it was only reached $8400 as highest since  many days ago.

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For @Op, it's all people's decision, let them buy whatever they want. It's either from altcoin or FIAT, you shouldn't tell them what should they do with their money. As you can see since bitcoin price slightly recovered, Marketcap has increased to $300 trillion from $270 trillion

Before coming into the cryptos people are requested to have the knowledge about the crypto scenario and at what and to what they are investing their money. The topic you have considered here is really nice and helpful to lots of people as really both the coins are equally important and they are fluctuating with an almost equal amount of rates. Buying both the coins will be right and converting them later will not be a good scenario as you know altcoins rates are going at a good rate, so converting them can cost a money profit over them which can make people lose money in the market.

Yes, it does make it seem that the altcoins are being dumped. But then think of it this way, trading it for fiat is not a sensible move, because if we use the altcoins instead, it will increase their volumes in the market.

Buying bitcoin with altcoins now is a terrrible move on the part of anyone, that is a loss waiting to happen right there. Bitcoin has moved up a lot where as the altcoins are still struggling. Most of them remain in the red, if you must make any trade then the trade would be for you to buy altcoins with bitcoin as you get more value for your money that way.

For starters, it really is obvious that fiat currency will be used to grab some bitcoin. If you are a trader, the best move to multiply your BTC is to trade it with altcoins that have potential in the market. That's pretty obvious and that is the true purpose of altcoins. That is why trading pairs are created right? I am trading some altcoins to BTC and I managed to multiply the numbers of BTC using EOS, DRGN, CREDITS, KCS, ETH and LTC. I am using those altcoins depending on how fast gainers they are.

you pointed out a really good point its is something everyone should consider and it will help to pump the market back up

 It might be a good way to help in upbringing the value of Bitcoin but what if selling altcoins is the only way to increase the number of Bitcoin in our portfolio, I think it is not bad at all, we have a different strategy to earn more profit, maybe someday if I will have enough fiat in my pocket, I will buy Bitcoin to help our crypto community.

I also agree with your suggestion that it is better to buy bitcoin with fiat other than buying with altcoins because the rate at which altcoin are being sold affects the price and this is not allowing the price of altcoin to rice but if there is also high demand for altcoin, the price will rise. But in case if you do not have spare cash and you wish to buy bitcoin, you can sell some, not all and invest it into bitcoin.

As of now the limited people have exposure on cryptocurrencies and they are in dilemma to bet on which side either on Bitcoin or Altcoins. When altcoins are getting pumped everyone want to divert their money to altcoins which were in Bitcoins and vice versa but we are not seeing much flow as we expected. But we can expect to see fresh funds in near future.

Perhaps some people dont have fiat to spare so they'll have to make do with what they have; that is, selling their alts. If you look at it positively, buying bitcoin using alts would reinforce btc's market dominance--which in turn brings up new investors confidence in this space.

Many people have been exchanging their Alts for BTC after BTC started to rise again recently, but they surely didn't think of spoiling the balance of the market rather only thought about their personal interests. People should be aware of how the market works and invest in fiat currency to make him alive. However, some Alts like EOS, NEO are still doing great in spite of such incidents.

It is always good to analyze market in terms of exchanges being made in terms of pump and dump from one crypto to other. Although the main point is to always check the prices when pumping or dumping, all cryptos highly rely on the price changes of BTC. So, if BTC goes up the altcoins tends to increase and vice versa. So, exchanges is not suppose to make much impact if you are switching to BTC. But, remember once you again switch back, altcoins will not have the same value, as it highly depends on BTC. So, profit and suggestive advice is keep yearning for BTC.

A lot of people playing the trading game, myself included, simply buy/sell depending on the market.

Altcoin does a pump, sell (which converts to btc).
BTC pumps, alt falls, buy back into alt using btc.

Now if it's a long-term hold on an alt, I agree, sort of risky to sell and hope you get out and back
in at just the right moment. But many alts are considered short-term plays... waiting for a pump/announcement and so on.

Just the way the game is played. Until/if alts disconnect from btc trading entirely, I don't expect it'll change.

This is really so, it's best to buy now for dollars or euros. To buy for the Altcoin, now it's very silly you will lose profit on the soon growing of all coins, and having bought for dollars you will get a good opportunity to get a double profit both on Bitcoin's growth and the growth of the entire market.

I'm trying to catch next big thing, so Im buying Bitcoin just so I could buy alts! And when I miss I buy Bitcoin again with that missed alt!  ;D

I think now is a good time to buy bitcoin for fiat, as well as for the purchase of altcoins , the prices are very much dumped, although there is no guarantee that they will not dump again.

Absolutely I agree. It's definitely not the bottom of BTC but the bottom of it. Soon there will be a great atmosphere for the altars. People will start to make big profits. Later they will go to BTC and consolidate their profits.

bitcoin too pity if it should be sold and replaced to buy altcoin. Although indeed most altcoins start pulling its development for bitcoin crypto will always be with the results and potential best. thus save bitcoin and use for long term investment and do not sell it before its value is high. If you want to altcoin then use the new capital to buy it.

Most of them will panic sell altcoin and buy bitcoin. That is inevitable. Not many people can buy directly with FIAT. So we have seen altcoin bleeding and bitcoin prices are rising constantly

Agreed, I think holding altcoins would be beneficial for the market overall, that way you would give more importance to other coins and at the same time you would give them the chance to grow even more, promoting competition between projects.

 Yes, you have a good point but remember we have a lot of new comer in the market, that either they have full knowledge in trading, HODL, and investment nor they really New to this crypto market. One should note that individual reason for dumping their ALT coins or maybe it is just protecting their heavy loses in the market. i think some are just a panic reaction from the market movement.

Not everyone has additional FIAT to put into the market.

I think everything in the crypto currency is on its shoulders. So that we all know what we want. And before we invest, we work out an action plan. What and when to buy. What is better to invest and so on.

Actually no hard and fast rule apply here, its all depend on circumstance and what coin the buyer have, like if a buyer have some alt coin which he hodl for long time but not give profit and in the same time bitcoin price decrease then selling those junk coin and buying bitcoin is wise decision.  

I think it's too late to sell altcoins. This should have been done earlier. When people start to consider investing in altcoins as less profitable than Bitcoin then Altcoins will start a new wave of price growth.

Right! I also think that every investor should have a plan, without a plan at all anywhere!

Same strategy may not work for every one and every body cannot be a winner when it comes to trading. It will actually make more sense as you suggested to buy btc with fiats rather than with altcoins

There is always preference by new comers to buy bitcoin rather than alts.eventually those cash will flow ito the alts.and prices grow.Btc dominance at the moment is higer than 46 percent

nowadays, altcoins bleeded pretty much so selling altcoins is just a suicide ..

Yes, your points are logical. We should buy Bitcoin with fresh fiat money, not with altcoins. If we buy Bitcoins with altcoins, it will further lower the prices of altcoins. As a whole, this is definitely going to impact on the cryptocurrency market. So, we need to invest fresh fiat money while buying Bitcoins.

I am agree with your opinion. Crypto market needs more fiat money for its growth. So we all should try to buy BTC with fiat money.

now is the right time to buy altcoin. because bitcoin prices are experiencing a positive trend this week, altcoin prices have increased slightly. If bitcoin prices have broken the possibility of altcoin moon. not all altcoin are bad for investment, there are some altcoins that have a good future like ETH.

Wow... I must commend this. This has got to be the best crypto advise I've seen/heard this week. Thanks so much for this... Indeed, taking money out of alts to buy btc because we see BTC on the rise is wrong especially when you have the intention of coming back to buy the alt probably when you have made some percentage on the btc rise. Thanks for this advise.

I prefer to separate between bitcoin and altcoin. Because I invested in both coins and I also took a safe way so that I have a back up if one of my investment outcome loses.

It is certainly understandable that it is better not to pour money from one coin to another so as not to fail the course, but tell me where to take Fiat if a person has already invested all of his money for example?

Nothing is more true than this, but it seems to be that altcoin is getting affected from the speculation of bitcoin which is to me is not a good thing, if this continues altcoin will have less priority as bitcoin and altcoins will be directly propositional and that means there is no right direction in both its like they are a coin of different sides the one suffers while the one wins and in altcoin an bitcoin case bitcoin will always end up winning.

It is true..,
they sell altcoins and replace them with bitcoin.
we can see at this time that the altcoin market situation there is a deterioration rather than bitcoin that can run fast because there are many people who switch.
But DYOR !!!

Quite firm run apply here, its all rely upon situation and what coin the purchaser have, as if a purchaser have some alt coin which he hodl for long time however not give benefit and in a similar time bitcoin value diminish then offering those garbage coin and purchasing bitcoin is savvy choice.

Altcoiners doesn't have to spend much more with fiat because they don't want to.

It's easier for them to convert their alts and most of those alts are ready to dispose on their part and that way, they don't understand why you are saying these advises.

If they think that there's potential with the altcoin they purchased, they won't sell it and use fiat for buying bitcoin. But that's their strategy and lets hope that they will consider this soon.

Yeah good point. It's better to buy bitcoins with fresh fiat funds. Whenever btc is pumping, alts tend to dip significantly because many people don't mind selling their alts for cheap price to get btc coz they feel the btc value will increase. This is not good for the global market.

So what if you don't have any other money expect the one you have in cryptos? will you go and borrow fiat to invest? I guess you won't advise anyone to do that, the good thing is that when bitcoin is pump, it will create great hype, many people with fiat will join then those money been moved to btc will return back to altcoins again making the altcoins to go high.

It's been a common strategy for traders to sell short their own tokens and buy back at lower price to increase the number of tokens in their portfolio. The only difficulty is executing the strategy in the right time. Thus if you are an experienced traders you don't to fiat to buy btc just short your own token for btc and buy back at lower price.

I agree, if you buy bitcoin with altcoin then we will destroy altcoins, and if altcoins do not exist then it is certain that the future of crypto becomes dark and immediately disappear.

People can use any strategy to support their crypto activity, you can push people to do that. Your explanation is good but unfortunately people have little knowledge about FIAT and they always use altcoin to get bitcoin, from this activity market has moving, good for us I believe. Let them decides what the best for them, as long the have good result everything will be fine. Agree??

It seems to have a point. Buying butcoin with alts make alt to increase their volume that cause for it to dump the price in the market. But people think thatit is more easy to have bitcoin with alts because in exchange, it is what used to have mostly. We are working on this thread to gain earning and that what we earn from rewards can be a way to have bitcoin. And there is no way for token to buy with local currency though.

indeed now the price of bitcoin and altcoin is still not stable and many people are waiting for the price of bitcoin and altcoin back because bitcoin prices have declined since the beginning of last January and until now there are many people waiting for altcoin and bitcoin prices, therefore you malarang me to buy bitcoin and altcoin

Thanks for your advice my friend, I am also speculating that because I notice that the price of Etherium is stagnant as well as other altcoins while Bitcoin is raising its value significantly. I bought again  Bitcoin from the moment it went down to 5,800$ and luckily I bought at that price when I saw the market went to 8000$

Yep they should do that buying bitcoin with fiat, not converting in bitcoin with their altcoins we still facing the crisis of the market, what if bitcoin is down? is the altcoins will increase? lol.

Most people working with cryptocurrencies need to sell altcoins in order to get Fiat, so a dump will be in any case.

it is the other way around, and it has always been like this and will most probably remain the same. people don't buy altcoins, they invest their bitcoin in altcoins so that they can increase it. it is like investing your money in stocks although here is more like penny stocks. and then when the time comes you abandon altcoins and go back to the original money which is bitcoin.
and that is why people are dumping altcoins.

But there is a good way to help raise the value of Bitcoin but what if selling altcoin is the only way to increase the amount of Bitcoin in our portfolio, I think it's not bad at all, we have different strategies to generate more profits, maybe one day later if i will have enough fiat in my pocket i will buy Bitcoin to help our crypto community.

I agree with author of post, now do not need sell altcoins and after buy Bitcoin. Altcoins will also grow in near future and you will lose profit. If you want buy Bitcoin - use fiat. It's better buy crypto during fall rate and during growth rate - sell.

I think fresh money is very much needed in the market of economy. Bit coin should be bough with fiat money not alts, and alts are dumped in value so there is no reason for anyone to sell bitcoin with alts. Buy it with fiat.

Yes, I agree with your opinion. As you said that buying BTC with fiat money will help. Currently the total market cap of all cryptocurrency coin is decreasing. This is due to many investors who mendumping their tokens and withdraw their investment results on a large scale. So should more people invest in crypto like this.

Show how to do it on your example?
Where do people get free fiat funds if they have long been invested in crypto-currencies?

You probably do not know, but from such small purchases nothing will be on the market. So I don't think your proposal is relevant.

I think that it is not only in the crypts and even in the market,as many projects are now in the ass,due to the fact that speculate very took it down,but I believe that he strelnet ocenol much and will be crazy growth

Now the market is so unpredictable. They are interrelated, and very closely. It is worth looking at the behavior of the market in the past: where bitcoin, there and altcoins. The higher the price and total amount of finance in bitcoin, the more investment in other altcoins.

:D Funny. So if people don't have FIAT, they shouldn't be selling alts? Everyone has right to do what he feels is best for him, not you.

I don't sell alts, I hold them, since I believe they can bring me 10x, can BTC do that? Who knows, but chances are slim. (IMO)

I agree, we should start giving altcoins more value than what they already have, it will benefit the market to increase the competition and not centralize everything on bitcoin or ethereum.

I think selling alts with loss for  purchasing  bitcoin is not a good idea at all. If anyone able to purchase bitcoin with fiat they need not to purchase bitcoin by selling alts. Because alts should give them profit in future.

I think it makes sense that the market needs more fiat to improve the global situation. But some people have limited capital, and want to play with market trends. And I think it will work with the opposite.

Using FIAT to buy BTC is the good way to increase capitalization of market, but almost small and medium investors don't think about that, they just need to transfer profit from Altcoins to Bitcoin or USD, don't concern about the effection of market then

I think it's will not a good decision for us when we sell alt & buy bitcoin. if we want it with fiat.it will not good for us to buy for bitcoin to sell alt.coins less rate.

I will suggest not to sell Alts at this time as you have to sell the Alts with a loss to get BTC. It is not a proper time to buy BTC as the price of BTC was very less than today a week ago, so its a Bullrun going for BTC.  But if you think you can go with the loss and take risk, you may find BTC reaching more than double that now this year. But try to buy with FIAT money.

It take a lot of time to convert bitcoin to altcoin. I think when altcoin price rise then investors sale their coin and try to buy Bitcoin but it take a long time to buy alt again. I think investors should buy Bitcoin with fiat currency when its price will cheap but not selling their altcoin.

I also think that we should not buy btc with alts. If anyone think that they will buy btc and then tranfering it's value with alts. I don't think this is the good idea. you should have analyze the market situation.

I think that this is happening because people no longer want to keep their money in altcoins because it does not grow as before. I do not agree with this and I never do it myself.

everyone is free to do what he believe on me personally i don't own bitcoin just alt and a lot happier when my favorite coin dump in price just to accumulate more

I really think that many many people "bought the dip" since January and now are over extended into crypto. I also think that we will need new people moving into the space to have an influx of cash flow in. We basically need to get back to 20k and pass it (and for several alts to create a new pack of millionaires) for the rest of the world to notice and cause FOMO, resulting in a nice fresh influx of $$$.

BTC is moving lower. This easily explains why today altcoin is constantly falling down. Although we expect a freshness from ETF with bitcoin. However, recent moves show that the market may have an adverse effect on this.

The thing that makes the market drop is people just keep bitcoin by selling altcoins, this is certainly killing altcoins so it is difficult to compete even can disappear, if it disappear then it also has a bad effect on bitcoin, because people eventually move to fiat. Altcoins -> Bitcoin -> Fiat

It is the same. It's like chasing a wide numbers of ETH to BTC like you don't want to buy btc out of eth by .05 btc is equal to 1 eth, eq to 300 usd while the value of eth is the same as the downfall of eth like .045 and the dollar value of it is also the same, like 298 usd. It's the same dude.

A lot of people will still do that and wouldn't care on dumping any coin. That how the market goes and works and we couldn't stop those people from doing it.

At the end of the year outside the bitcoin has reached nearly $ 20k, the end of this year will say? Bitcoin is the first virtual currency and it is very powerful, but there are many potential altcoin that we can not ignore!

bitcoin is more popular in than on ALT coin, that's why many people prefer to save BITcoin than on ALT coin.

I agree with you. You just tell what actually i feel inside after seeing the present situation of market. If really want to buy BTC i think buy it with fait.

I think it’s an excellent advice. Although the bitcoin is the good choice but everyone should understand before investing in any site. Obliviously you invest bit coin but don’t sale other coin at low price. I suggest everyone to anything to do in this market please do it carefully.

Most people are buying bitcoin with altcoins because these are way less promising day by day, the thing is that there are too many of them, and the really good project don't even come to the spotlight because the market is just too crowded.

I think it depends on buyers if they want to buy using altcoin or use fiat, which obviously should be avoided is not until you buy coin when the price is experiencing price increases. lest you suffer any harm from what you are doing.

Maybe they don't have anymore fiat to buy Bitcoin? So the only way to hold more Bitcoin is selling their altcoin, look back this two week, Bitcoin price increase around $2K, but altcoin just stay at current price or down again, they believe Bitcoin have a better future tha altcoin, so it's normal, it's just like gambling, maybe can't buy back altcoin at lower price, but they also have a chance to buy more altcoin if Bitcoin continue rising and altcoin price don't have big move, so it's call investment.

If you look at Bitcoin the price is growing rapidly. You can buy altcoins as well as Bitcoin for profit. But at the extra cost that you buy, are you sure you can sell at a higher price? If you can not, then go to the face of a loss. I think investing in the market should be invested.

Firstly; you can't decide what people do with there alts because this is a marketplace; nevertheless there is a significant point to what you state;  but it is also a good sign for the market; once btc move above 10k it a good sign that the bulls are back for good

it's me! i never buy bitcoin with fiat. i always selling my altcoins first and then buy bitcoin to holding for a long term. i selling the altcoin only if when the price is going up, and buying bitcoin when btc hit the dip

Good advice.  This is why alt coin prices at currently heavily decreased as compared to BTC as mostly people converting alt coins to BTC or ethereum, forcing dumping of alt coins rather than buy with fiat money. There are very good alt coins which are almost 8-10 times to their original all-time high because of this reason.

I think the reason why don’t buy bitcoin with aletrnativecoins  it
because of a lot of the scammers that spread out in this kind of business and industry we just preventing our self from harm.

It has been a trending topic since Bitcoin started gaining its momentum again, many of the investors are trying to buy BTC using their Altcoins which has created a impact on the Alts. Rising demand of BTC is the main reason behind it, but to keep the market stable Altcoins need to rise too, and to do so, people should focus on buying BTC using fiats so none of the market gets affected.

No, actually you should support all electronic or digital coins in the cryptocurreny
because all of them are lucky investment that can help you to obtained money that you can be use for future needs.

Usually, people use Bitcoin to buy altcoin! The opposite case quite a bit, due to investment altcoin will give better profit!

In my opinion, if you have money and you wanna make investment, buy bitcoin or ethereum. Not any other crypto currencies! The market is too unstable recently.

Personally, I decided that I would buy Bitcoin for Fiat only if it drops to $ 5000. Otherwise, I will trade what I have and wait for good prices. I'd rather miss the possible benefits, than I'll regret that I bought for expensive.

yes i totally agree with your though it is a good advice for traders of crypto market btc is continuously falling and no chance of rising actually so traders are little disturb and i think this advice will help beginners as well .

It really doesn't matter what you buy Bitcoin with,  Bitcoin is a coin that can hold it's own.  If any Altcoin dump mercilessly,  that will have nothing to do with Bitcoin. Quality project only thrives in cryptocurrency.

all the balances in the crypto currencies market are changing. the global economic crisis affecting all markets. it is most logical that the market will not get bitcoin and subcoins until the situation is stabilized.

I think not everyone wants to buy bitcoin with FIAT, there are still many ways one of them is with bitcoin mining. We can still get bitcoin with mining but it costs more to build the rig.

You definitely raised a valid point because the use of Fiat to purchase BTC instead of Alts will guarantee inflow of fresh funds into the market.
However, many in this market are speculative just as the nature of the market is so the drive to always want to maintain and secure the already earned profits makes them enter and exit into BTC each time there is fall in altcoin prices.

I understand XRP is a bank coin and nobody likes it. However, what we all think is irrelevant, it is use case and coins that have true institutional purpose that will succeed in the future. Do people actually think BTC will 10x quicker than XRP? So people actually believe BTC will hit $80,000 before XRP hits $4. Please guys wake up and smell the coffee, coins like EOS, Cardano and XRP are going to grow much quicker than BTC during the next Alt bull run.

I saw that when the bitcoin price increased, they rushed to sell all their alts mercilessly and this made the price of alts drastically reduced. This is extremely sad. There are private funds to help Bitcoin easily without selling the alts but most of them are not being applied properly.

I also agree with the above. Buying altcoins now with Bitcoin can be very frustrating in the future when BTC price will moon which we'll hopefully witness this year.

Truly, I concur with your sentiment. As you said that purchasing BTC with fiat cash will help. As of now the aggregate market top of all digital money coin is diminishing. This is because of numerous financial specialists who mendumping their tokens and pull back their speculation comes about on a huge scale. So should more individuals put resources into crypto like this.

Its better to buy btc with alts than tether! People will always move coins to safe whatever their trading strategy is. Its definitely better to have some liquidity in crypto trading, and usdt is just a heavy rock around our necks!

OK, I understand your concerns, but why should people hold their alts when they do not trust them anymore? That's very simple to transfer alts to Bitcoin and not lose any more money they already have lost. It's not real to convince people to invest more money.

I don't see why anyone would want to use alts to buy bitcoin, you are just not getting enough value for your coins if you are doing that. If anything what you should be doing is converting bitcoin to the altcoins that you believe will end up doing good. You are right, it is better for you to buy the altcoins with fiat and later convert it to btc to cash out.

Quite immovable administer apply here, its all rely upon condition and what coin the purchaser have, as if a purchaser have some alt coin which he hodl for long time yet not give benefit and in a similar time bitcoin value diminish then offering those garbage coin and purchasing bitcoin is savvy choice.

because Exchange rates may indeed be not comparable. While selling altcoin to buy a bitcoin, if we use for investment in altcoin. We will be more likely to benefit. Because of this nature altcoin is very easy to change.

this is certainly not a logical call. for example, btc loses 4%, while altcoins lose 20% (maybe more). in this case the loss is too much. it is very normal for people to make this change.

I agree, the price of Altcoin is down. as well as bitcoin. then why do you sell altcoins just to buy bitcoin? you will get a little bitcoin. in fact, it's better you buy an altcoin with bitcoin. you will get a lot of altcoins by spending a little bitcoin.

the post is absurd, you can't prevent someone from trading crypto. so basically buying and selling is common in the market, and when the market goes down especially for bitcoin it is not like a perspective as you say, basically bitcoin is the most expensive crypto and almost all transactions prioritize it.

Yep, it's same as throwing away profits and looking for losses. because, if the price of bitcoin rises and not long after that ,of course the price of altcoin also rises too, then the profit gained can be double. In fact that's often happens, who knows if that's an urgent need for some people or because of being forced.

So imagine a scenario where you don't have some other cash expect the one you have in cryptos. will you go and get fiat to contribute? I figure you won't encourage anybody to do that, the good thing is that when bitcoin is pump, it will make incredible promotion, numerous individuals with fiat will join then those cash been moved to btc will return back to altcoins again making the altcoins to go high.

Probably watching the market direction would need to be blended with understanding platform tendencies plus homogeneous currencies.

It is very useful for new investors, instead of investing in BTC by exchanging from altcoins, the best way is to invest in paper money. This will help the capital of the market increase rapidly, and the exchange rate of altcoin is not reduced. So that you should buy BTC with fiat currency.

I think Bitcoin will be much more valuable after the period of regulation. For the moment I do not think of investing in altcoins. I have two cryptocurrency I invested.

Hyundai Digital Asset Currency (HDAC) and Bitcoin (BTC)

This is good advice in order to avoid alt price from falling. But how many of us can even afford to purchase BTC with fiat? I'd say a significant few. Not many of us here have the cash to invest into BTC. But there are many of us who can afford to convert alts to BTC. This is an option that traders usually choose over cash investment because it is more practical in their minds. Practical in a sense to reduce risk.

This is wise, or at least seem that. I`m not hurry to sell my alternative cryptos stuff, because I still believe, that some of them could make me rich, when the market will recover fully.

Because most of people in crypto space are untrained and unprofessional, they won't pay attention to anything. They just fomo and panic and regret and end up in loss

I have really tried doing this though. It is always that I'm buying altcoins with bitcoin and not the other way round. Do people actually buy bitcoin with alts? Or it is just that they bought some altcoins and see that it is probably not doing so well, and later decide to convert to bitcoin? I think this is the case for so many of them though, and not that they intentionally just choose to buy their bitcoin with altcoins.

I don't have any fiat I'm broke.  Just kidding but I'm not sure this type of appeal is going to work.  We need better technology to come forward.  We don't need a giant ponzi scheme.  We need the technology to support the marketcap. 

Buying bitcoin with fiat is being done by newbies and I think I understand what you are trying to say here because most alts are dumped but look at the alt

We were initially introduced to bitcoin as it is the fundamental coin in cryptocurrency market, thus most of the traders buy altcoins only for a limited time to make profits with bitcoin later after selling altcoins.
Also, some traders feel safe to buy a coin using altcoin and not with fiat

might be okay if altcoin converted in bitcoin but certainly also don't completely. This is because the altcoin also has a development well so pretty dear when passed and just rely on the bitcoin. purchase with fiat is also a good thing if you have the funds for it.

Your opinion came to my mind, so it seems that this is happening in the crypto market now, my friend. Investors prefer to buy Bitcoin with their Altcoin, and this might make supply and demand unbalanced in the crypto market

a lot of people are out of fiat. i am about to get back into btc with a lot of fiat though

well you have a point by bringing up this issue. Not even dumping the price of alts is the main issue here. The main issue is that these alts we dump to buy bitcoins would later in the future appreciate in value.

This is correct. Alts will dump when weak traders sell off for btc then when btc stabilizes or starts another dump they jump back into buying alts. It's a ridiculous merry-go-round that will leave us in the same level as we are. New money is needed to push btc price well

I agree with it. I always bought bitcoins for fiat. And so I keep my alcoins, which in a short time can bring good profits

On the bear market when BTC has 52% dominance it is not bad idea to sell alts and buy BTC as it has lost the less
from it`s value during this decline. In January it had 34 % dominance so if you sold your alts and buy BTC now can
buy back alts cheaper. For example in January for 9 ETH I could buy one BTC  and now I need 24 ETH for a single BTC.

I understand your argument and it seems right but the fact is we can't control how people choose to do with their own hard earned coins. Probably, if I think switching to btc will be the best option, I don't know why that should be a bother

I think and I expect that the main reason why you don't buy Bitcoin with that alternative coin. Because many fraudsters are spread in businesses and industries like this. I didn't believe it too, but there were many victims with this fraud. So we only prevent ourselves from danger. and hopefully that doesn't happen to us.

The fact that Bitcoin in 2018 is All Time Down is around 5800 USD.
And the cryptocurrency market loses its value of 500,000,000 USD and it's very sad, but I hope it will recover again next year.

Those who sell altcoins into bitcoin are to take profits. Their goal is to earn as much Bitcoin as possible. In the end they are the ones who make a lot of money

The volatility of this market is very large. At present, the whole market has fallen to a bottom. I believe that investing in cryptocurrency is now a very good choice.

Alts are affected by bitcoin. If you can manage to sell alts and buy bitcoin I would suggest you do it. I think this is the way to go with alts anyway. Bitcoin is a better coin than most altcoins at least in the long run.

Well good point. It is better to buy bitcoin with new fiat funds. Whenever btc is pumped, the alts tend to drop significantly because many people are not afraid to sell their alts cheaply to get btc coz they feel the btc value will increase. This is not good for the global market.

 So if you want BTC, buy it with FIAT or at least don't expect to buy back more of the alts for cheap!...Although the main point is to always check the prices when pumping or dumping, all cryptos highly rely on the price changes of BTC...

I think it's too late to sell altcoins, this should have been done earlier. Now is the right time to buy altcoin.

Do not agree with you.
Why you can´t buy BTC with alts? It is my main strategy, exchange alts to BTC, or, unfortunately ETH. But now, I blame myself for ETH, it would much better to go only for BTC.

And, I got a moto - do not invest fiat in crypto.

Totally agree these people just kill the market, so that increase the domination of the bitcoin market. We need new money in the market, then the market will turn and we will all make a profit.

That's right, I also disagree with this because my personal goal of being a prize hunter is to raise capital so I can buy BTC. because we know that Bitcoin can die at any time, it is advisable to buy BTC with a prize coin.

I am not selling my altcoins when price dips so much like the current situation. Now is the time to inject some fresh fiat into the market. Wish I had taken more profits during bullrun.

Unfortunately, most of the existing cryptocurrencies have not proved to be of practical use in real life, so it is understandable that many are using them exclusively as instruments of short-term speculation, and this is more evident during these bearish periods in which the dominance of bitcoin has increased considerably, as a clear signal that investors have found in the btc a safe haven in times of crisis.

Therefore I think it is not such a bad idea to exchange our altcoins for bitcoins, because experience has shown that in the medium term all the altcoins have tended to depreciate, thereby benefiting His Majesty Bitcoin.

Why not, its choice to use bitcoin to buy alts then sell alts when gaining profit. All traders do this to accumulate more bitcoin. Its a strategy to make profit. Unless, you have a big capital to inject in the market and long term investor, use your fiat.

If you are worried about the future of bitcoin, you should understand that it doesn't matter what assets bitcoin is bought for. Overall trading volumes are more important for its growth, which are increased even during trades for altcoins. The fall in its price may be caused not by buying with altcoins, but from mass selling bitcoins for fiat money. But this requires huge amounts of bitcoins, which can be sold only by few persons.

I think now is good time for buy bitcoins and altcoins if you want to buy it. But need to choice good coins

those are personal opinion everyone is free to do what he believes on me personally I don't own bitcoin just alt and a lot happier when my favorite coin dump in price just to accumulate more :)

this is a very sensible idea because we really do make altcoins fall in price

Unfortunately, I have to admit you're right. Of course, investing in Bitcoin or Altcoins is a purely individual matter, but the fact that the whales manipulate the market - you can not argue with this.

yes I agree with you. We need fresh money into cryptocurrency. Using your alts to buy bitcoin only redistributes the investment already into crypto. It doesn't help the growth that much.

Yes i agree the best thing to buy bitcoin at this very moment comes in a fiat. Thus, the bitcoins crashes down to $5576.14 https://coinmarketcap.com/currencies/bitcoin/#markets. and i think no one numb individuals wants to convert there alts to bitcoin up to this time.

This is will always depend upon the situation as there are thousands of Altcoins in the market like the certain Altcoins has no more market activity then better to sell it to a better coin like Bitcoin or if the certain altcoin has the big potential and the team are working hard to attract more people to invest therefore it will be the best to not to sell the asset. Buying and selling Altcoins are normal in which we called it trading.

At the current price of bitcoin is rather making sad, it was dropping even more in the last few days.
Perhaps many people selling their bitcoin, and then another people following because they get worried if the price will go down again.

Unfortunately, people's mentality don't work this way.
Just about every single "investor" has lost a lot of money.
That is because they jumped in during last years all time high bull run or did most of their trading during that time.
Now, all throughout 2018, they have seen their portfolios shrink in value.

So they are in panic mode.
They are hodling for dear life and waiting to get their value back.
They won't invest more money because they don't want to lose more money.

Of course, the best way to recover is actually to invest more, but people act off of desperation than strategy.
Especially now, since prices are so low, everyone should be reinvesting to reduce their cost per token average.

I am an optimist and recommend you to share my position. If all start selling the cryptocurrencies, the market will fall critically. Let us support Bitcoin and our favorite altcoins and invest in them.