Bitcoin Forum

Need help with my query:

I have 3.5 eth which was bought at a price of $1,878
Value is now $ 1,249

Now if I buy a coin example XRP at 0.32 with all my eth, will I be loosing even more indirectly as I am buying something with my current ETH?

This confused the shit out of me

Guys?

it doesn't matter what you convert your ETH to, as long as that secondary coin is also falling down you will lose money. for example in this case XRP is also falling down so buying it means you get out of ETH for falling to go in another coin that is falling!

the only way you can make profit is if the second coin is rising. for example if you had bought Peercoin yesterday with your money instead of holding ETH or converting it to another dumping coin like XRP then you could have made 35% profit meaning turning your $1249 into $1686

OK so it never makes sense that when your traiding pair which is ETH and is dropping you never buy a dropping coin.

I know that ZRX is one which recovers very fast and with its current price it will easily hit a 40c increase in no time. Is that still a bad decision to go for ZRX/ETH in the current market situation?

To figure out if you are "loosing" or profiting off of an investment the first thing you have to decide is..... What is your end goal?  For example in this market are you trying to gain BTC value, ETH value, some other "altcoins" value, or fiat value?  If you are just concerned about gaining fiat value and both XRP and ETH dropped by 30% in USD then it doesn't matter which one you hold onto.  Likewise if you are just concerned with gaining BTC value compare how these coins/tokens have been shrinking/growing as compared to BTC.  If they are moving by the same percentages then it doesn't matter.  In the end if you don't move your financial value out to fiat or a "stable asset" you technically never make a profit or a loss anyway.........  

If you want to hold eth , you can hold , when the market will be in up , you will get profit. But if you want to convert your eth to alts , you can choose any coins that is good for you , dont fall in for any signal groups , mostly they are created for manipulating the market. And the only way you can a make profit in this case is when the currency you bought will be in up.

it is hard to choose an altcoin in this market these days because they are all getting dumped but 0x seems to be holding its ground above 13k satoshi pretty well although its USD value have been declining. so i don't know whether there is a rise in its near future or not to be honest.


with a quick calculation you can see that OP has bought his ETH at $536 ($1,878/3.5) and the current price is $300ish which is about 40% or more loss. the market  needs to see a huge pump of 70% before OP starts seeing his money back and another 5% to see a small profit!
and that is only assuming ETH is not going to fall any lower like reaching $100

If you want to hold eth , you can hold , when the market will be in up , you will get profit.
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with a quick calculation you can see that OP has bought his ETH at $536 ($1,878/3.5) and the current price is $300ish which is about 40% or more loss. the market  needs to see a huge pump of 70% before OP starts seeing his money back and another 5% to see a small profit!
and that is only assuming ETH is not going to fall any lower like reaching $100
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Exactly.. I need a 70% pump to start seein money back.. So I dont know if I should hold my ETH or go in for something like ZRX to make some money..

You already on lose with ETH so I hope you will be careful with your next step and wish you will be helped by experienced one.

Yes thats why I wrote here. I am -600 on ETH and wanted to know if i go in xrp or zrx I will get a good pump and sell back into eth.

That need to be careful when anyone take decision to sell some and by these they want to buy some. They have helped by experienced someone otherwise they can faced difficulty.

Realistically, there is no way of knowing what alt would be good to exchange for. You always could exchange your ETH for XRP but then ETH could pump massively and you are stuck holding a sideways moving bag of XRP. I think if you are down that much already, it's best to just Hodl ETH. ETH has fantastic developers making dApps and improving the network as a whole. It has a great roadmap, and once sharding comes out, it will be a whole different landscape. I am much more bullish on ETH than I am on these other alts. The price is already really low, I don't see it going much lower than this.

You will lose just 0.01 percent, this is for the fee on exchange.
But if you think it will go rise then its nothing to worry about that 0.01percent.
If you think ETH will go rise soon then you must stay.

It will not a bad if anyone buying something with ETH. There is no need to be confused it is better to be confident as buyer.

Investing in a new project always bring a new scope for getting more profit but it also bring risk for investors. Before investing in XRP try to analyse its market situation and consult with your team.

Be careful about your investment. Investing in XRP will bring a good profit for you and beside this  you should not bring up all ETH. Before bringing up analyse about XRP and its potential.

And you do an analysis of this or that coin, look at it's movement, perspective. Maybe you do not pay attention to zrx, but to capp. And who knows, maybe in the near future eth will grow faster than the coins offered by me and you. Try to diversify deposits by selling eth and buy different coins, I think this will be a more correct option.

no it will not be a correct option because it is not really diversifying, it is something that YOU call diversifying!

diversification is only done correctly if you buy assets that are not connected to each other and it is done so that you reduce the risks of your investment while increasing the profit potential. for example if you invest your money in bitcoin and gold it is called diversification not when you invest your money in ETH and ZRX and 10-50 other altcoins.
you can look at the market today and see why it is a terrible idea. ALL the altcoins are going down together as the whales dump all over the market and this is while bitcoin is still remaining near $6k with a tiny drop below it.

ETH is more profitable but now it fall down price that  does not mean it can not come back. it will turn again and increase their price. it will ensure you make profit. if you analysis last year price list.

Stay touch with this industries and try to be secure. Analyse more about ETH and as well as XRP before doing that. You can consult with you team about this regard. Hope You will make a perfect decision.

You must be buy the according change coin. the same chang rate with ETH and don't lost. It's my advise.

The only choice is sholding right now. There will be no choice when the market has been getting a bearish trend, or waiting for the dip and then rush to buy more and more ethereum as much as you can.
The trend of ether and anyother altcoin will depend on the bitcoin because the bitcoin has a big role in this ecosystem.

"
ETH is the safest and profitable. Now the price of ETH is slightly lower but it will not be so long. Very soon it will increase and bring profits. It is seen in the last years of data analysis. Its future is much better. It will do something good."

The price of ETH has decreased slightly, which means that it does not end. It will definitely turn and profit. Investigative reports say so. But he has to wait till then.

if you trade on ethereum pair,
for example XRP/ETH,,
ex : 1 eth you got 1000 XRP,, then you should sell your xrp to eth when 1 eth got less than 1k xrp, example for 800 XRP you will got 1 ethereum, this mean you got 200 XRP as a profit, and your ethereum is back to your wallet in the same amount,,
or if you sell all your xrp to ethereum, your ethereum will increased as a profit

I also bought some ETH and and I am feeling very bad with them because the are gradually declining. And I am not able to take the decision that what need to do with ETH, sell or hold.

I think that you can convert your Ethereum into any other altcoins, but it still will not give you a profit now because the market is below. Ethereum will grow, you just have to wait. BUT I still think that you should also invest in other coins. It would be good for you to buy another 3.5 Ethereum for example.

You will be losing the fees that the platform will charge you and these fees varies from platform to platform. So, yes, in a sense, you'll be losing more considering you are paying for the exchange rate which you probably didn't have to pay while you bought your ETH coins.

You can simply account the USD value of your holdings. I think this will help you to avoid confusion.

I think that is not true.
i know now the market is go down on and on, but you must to know this is a halfing time.
The halfing time is happend every 4 year, and when Halfing is strart the market surely to go down.
but wait until december, look out the market and you must to know how trading skill and condition.

If you convert your eth to xrp then I guess you'll have to pay for the transaction fees. The fee is what you’ll be losing I think. It’s better to hold some eth rather than converting all your eth to xrp. You never know when a coin might go up or take a crash.

Oh don't get confused. Just try and do the conversion the other way round. I mean, convert your XRP (all) into ETH and see if you'll get the same value of ETH as you bought it. If it's so, then you've not lost, but if it's more or below then you're either in a profit/loss. You should also note that the higher your XRP goes, the more your profit and vice versa.

You need to compensate the platform where you'll be trading your ETH for other coins which is unavoidable. So, try to find out the exchange that cuts least amount of trading fees and trade your coins there. Otherwise, you might just lose more money in the process.