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Author Topic: Do not trade Alts with BTC these days, You will just lose  (Read 1044 times)
coinswebid
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March 18, 2021, 05:35:28 PM
 #161

Do not trade Alts with BTC these days, You will just lose

I do not recommend to trade alts with btc these days otherwise you will be just loosing your money. As BTC hitting its ATH, the prices of alts are dumping even if it is BNB or any other coin whichever was stable in the last months. Just trade BTC/USD only.

for me thats unreasonable reason, because many people trade altcoins with bitcoin to collect more bitcoin buddy
i think you should know about that

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memyselfandi
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March 18, 2021, 11:40:53 PM
 #162

Traders must know the risk of this one and we cannot tell them what to do even if we know the future of Bitcoin. Altcoins may not be active in the past days but I believe when bitcoin goes on a bull trend, altcoins will follow so trading with altcoins can still be profitable but yes make sure you have Bitcoin on your holdings.
Agree, no need to tell to the traders what to do because they are aware of the possible outcomes and risks. Besides, for me this is not the best time to do tradings a lot because most the alts are dumping and btc are pumping.

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March 19, 2021, 01:00:06 PM
 #163

Do not trade Alts with BTC these days, You will just lose

I do not recommend to trade alts with btc these days otherwise you will be just loosing your money. As BTC hitting its ATH, the prices of alts are dumping even if it is BNB or any other coin whichever was stable in the last months. Just trade BTC/USD only.

I'm actuay earning profit trading alts. I can't imagine how bad you are as a trader. Just kidding.  Grin
Well, you have a point but some experienced traders may not always agree to you because as far as I know there is a much higher profit trading alts. And it is simply not for you say or suggest what they should trade, because different people have different market analysis on how they make profit.
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March 19, 2021, 04:04:43 PM
 #164

Do not trade Alts with BTC these days, You will just lose

I do not recommend to trade alts with btc these days otherwise you will be just loosing your money. As BTC hitting its ATH, the prices of alts are dumping even if it is BNB or any other coin whichever was stable in the last months. Just trade BTC/USD only.

for me thats unreasonable reason, because many people trade altcoins with bitcoin to collect more bitcoin buddy
i think you should know about that

- Seriously, there's nothing wrong with both of these opinions but here, the author is weighing the risks in the investment and making a safe suggestion for the participant, the fact is that you are right that many people can get more bitcoin with altcoin and bitcoin trading pairs but the rising value of bitcoin is risky for this strategy, bitcoin will almost deplete the capital in altcoins and force them to decrease in price. Standing in the opposite direction, the USD value will still increase even as the bitcoin and altcoin pair decline, USD is proportional to the value of bitcoin and this is the advantage we should use


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turbo_trader0101
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March 20, 2021, 07:51:59 PM
 #165

It depends on what alts you invest. In old ones with tons of bag holders or new gems that is just launching. Btw The new DeFi gem on the horizon DeHive https://dehive.finance/ You don't want to miss it anon.

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March 20, 2021, 08:29:29 PM
 #166

Do not trade Alts with BTC these days, You will just lose

I do not recommend to trade alts with btc these days otherwise you will be just loosing your money. As BTC hitting its ATH, the prices of alts are dumping even if it is BNB or any other coin whichever was stable in the last months. Just trade BTC/USD only.

I'm actuay earning profit trading alts. I can't imagine how bad you are as a trader. Just kidding.  Grin
Well, you have a point but some experienced traders may not always agree to you because as far as I know there is a much higher profit trading alts. And it is simply not for you say or suggest what they should trade, because different people have different market analysis on how they make profit.
It's just because he posted that on November 2020, but since the beginning of the year many altcoins are pumping. And you don't have to trade to make profits in bitcoin, you just need to hold some altcoins, they have literally crushed Bitcoin. The dilemma is now to be able to convert them in Bitcoin or in fiat at the highest price before a dump.

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March 20, 2021, 08:47:16 PM
 #167

Also, I think that this is not the best time to convert altcoins to BTC, but in my opinion you should not do it, because everything indicates that the Bitcoin price will now stabilize and the prices of altcoins will start to rise. So in my opinion there is a greater chance that you will earn more by keeping altcoins.

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March 24, 2021, 03:31:51 PM
 #168

I think its all approximately abilities and the determination of altcoins but we moreover cant lament the dominance of Bitcoin.As Bitcoin Dominance proceeds to pump,It is also possible to lead the losses.if we talking of exchanging, there are a few altcoins that have futures advertise, where you'll short them or offering tall, at that point buying moo, which you'll get benefits by that kind of exchanging,may be in short term.

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