Best practices to do or trade while bitcoin is dropping

[layoutph]

Yesterday while the Bitcoin is dropping, I trade almost half of it to ETH. So I made a few profits.
So now that I have ETHs, what are the traders best practices when bitcoin drops.

Should I wait and stay it as ETH until the Bitcoin price become bullish again? Or to trade the ETH to another ALTcoin?
#advicepls

[JeffBrad12]

please, answer my question. Do you see the price of ether is down while the bitcoin have got panic sells? So, you can make your conclusion and don't be fooled or panic. just keep them in ether form.

[Qartersa]

I recommend selling bitcoins when it is dropping and buy it back when it is about to go up. This kind of trading is a bit risky and you should know what you are doing to maximize profit and not have losses. From my observation, when bitcoins go down, all the well traded altcoins go up. So don't wait for your bitcoins to go down and go with the flow of things to profit.

[Strongkored]

If you buy ETH when the price more lower than now you can sell when you have enough profit, mostly when Bitcoin price down the Altcoin will go up, but I don't think Bitcoin will down much, so don't confuse just calculated all the profit is you think is enough sell or you can sell a half and wait till ETH price more up than now.

[Zadicar]

Best practices for me is that we should not panic when bitcoins price would tend to decrease and you are right bitcoins price yesterday have dropped almost on $926 as far as i remember but now its already gradually increasing and reaching up again the $1k price. Ive sold some of my bitcoins when i saw its peak price ensuring profits.

[n0ne]

Best practices for me is that we should not panic when bitcoins price would tend to decrease and you are right bitcoins price yesterday have dropped almost on $926 as far as i remember but now its already gradually increasing and reaching up again the $1k price. Ive sold some of my bitcoins when i saw its peak price ensuring profits.

At times of decrease the price won't get stick to a fixed price. It reaches a low bottom and gives a gradual increase and then stabilizes within a margin. So at this time should not get panic and should buy few coins if possible which gives a small profit when price becomes stable in a short, same as that experienced from $926 towards $980 right now.

[pooya87]

Yesterday while the Bitcoin is dropping, I trade almost half of it to ETH. So I made a few profits.
So now that I have ETHs, what are the traders best practices when bitcoin drops.

Should I wait and stay it as ETH until the Bitcoin price become bullish again? Or to trade the ETH to another ALTcoin?
#advicepls

very interesting approach but can you give us some number examples because i can't see how that can be profitable.

because for instance bitcoin price went from $1050 to $950 and that is a 9.52% decline. and today's price is $983 by the time of writing this.
now ethereum at the same time period went from $11.48 to $11.55 and today's price is $11.00

you could have made profit if ethereum went up >9.52% so lets say 9.6% it should have been $12.58 at least!

can you explain to me where the profit is in here?!!

[noictib]

Yesterday while the Bitcoin is dropping, I trade almost half of it to ETH. So I made a few profits.
So now that I have ETHs, what are the traders best practices when bitcoin drops.

Should I wait and stay it as ETH until the Bitcoin price become bullish again? Or to trade the ETH to another ALTcoin?
#advicepls

I understands fully that for what you are looking or want idea .
Actually the idea or suggestion you want needed to be some better experience .
Here you need to understand to recover himself from the problem of high fluctuations of bitcoin ( specially in the case of the down of the price with big difference ) .
Suppose you made buy of bitcoin at the rate 1000$/btc now the price is became again $900/btc then again buy a small fraction of bitcoin , if again the price of bitcoin goes down then again make buy of bitcoin in small amount . In this way you will remain in your average of the bitcoin price and can make easy trading without worrying .

[Reid]

You traded it to ETH now it will depend on the price of that. This is a different story now it could take long for the ETH to pump but if there will be no movement for that coin then i suggest you buy back to bitcoin because it is really low now plus Valentines is coming. There will be a lot of online purchases.

[layoutph]

Apologized guys am I newbie trader, I thought that ETHs was so bullish yesterday due to it's candle appearance. But I didnt realize what really happened was the bitcoin dropped. Good thing I trade it to ETHS while bitcoin is still high.

[Pursuer]

Apologized guys am I newbie trader, I thought that ETHs was so bullish yesterday due to it's candle appearance. But I didnt realize what really happened was the bitcoin dropped. Good thing I trade it to ETHS while bitcoin is still high.

don't try too hard to make profit in altcoins while bitcoin price is changing, specially when it goes high. it is a little bit tough.
although it is worth mentioning that some of the altcoins did have a rise yesterday while bitcoin dropped. Eth, Ltc, XMR, XRP are examples of these coins. but if you are arguing about bitcoin price in USD and then want to make profit then you should look at the prices of those altcoins in USD too.
but if you are staying in bitcoin and don't care about fiat values, these could have been profitable for you.

for example Ripple went from ~600 satoshi to ~650 satoshi and you could make 8% profit on your bitcoin in one day.

[Amph]

Apologized guys am I newbie trader, I thought that ETHs was so bullish yesterday due to it's candle appearance. But I didnt realize what really happened was the bitcoin dropped. Good thing I trade it to ETHS while bitcoin is still high.

why you just don't trade with bitcoin? you can easily buy now that the price tanked tnx to chinese exchange, and do a 10% profit when it willr eturn to 1k or wait for a higher pump

altcoin are more dangerous and volatile, i would avoid trading there unless you plan to buy cheap one when they are worth almost nothign and wait for the increase

[Idrisu]

What happened to eth when the price of bitcoin was dropping? This the question you should ask yourself. The fundamental issued that bring bitcoin price down also affect eth. Because if you study bitcoin and usd graft you will see that is bearish the same with eth and usd. If you keep your eth and sell when bitcoin price is bullish, what if something technical happened to eth and eth keep it bearish trend?

[GreenBits]

Yesterday while the Bitcoin is dropping, I trade almost half of it to ETH. So I made a few profits.
So now that I have ETHs, what are the traders best practices when bitcoin drops.

Should I wait and stay it as ETH until the Bitcoin price become bullish again? Or to trade the ETH to another ALTcoin?
#advicepls

For me must sale your half amount of ETH and invest it into another altcoins that you know will be pump.To dont make much loses.ETH price and Bitcoin price is the same on its unpredictable price movement.

[topesis]

I don't think this is an issue at all, if you are an investors and you are in Bitcoin for long, when BTC dropped it present opportunity to more buy not sell, but if you are a trader you trade the drop and make profit. There is money to be made in any direction a price go

[danherbias07]

You should've just traded it to your currency. Your endangering your own capital by doing that. What if ETH suddenly go down also? Then you will just regret it and could not do anything. Just buy back with your currency after selling it. Now it is going to be hard to take it back to bitcoin you would need a pump from ETH to enlarge the capital.

[deadsilent]

That depends on you. You want long term trading? Then bitcoin is perfect for you. Cant say bitcoin is crashing because its still stuck to $900+ and still kicking. The right time to buy bitcoin is when the price crashed. Maybe $700+ is good price to buy or even lower. If you want short term trading. Altcoin is definitely good for you. You can buy cheap coins and dump it when it pumps even just a bit. You could get some profits from it. ETH is good coin. You should buy variety of coins to cover your loses whenever you loss your other coin.

[Kevin77]

please, answer my question. Do you see the price of ether is down while the bitcoin have got panic sells? So, you can make your conclusion and don't be fooled or panic. just keep them in ether form.

I agree and I think you meant to say either not ether
Basically if you buy ethereum while price is doing down then still you will have to wait till btc prices rise because actually ether also are evaluated by bitcoins price and you will get bitcoins by selling eth.

So, best is to keep BTC and keep COOL please and do not panic man. That must be a best practice regardless of how bitcoin prices are doing.

[westau35]

only trade btc

eth is not good, if btc drop then eth will drop too, but if eth drop btc will not,
the supporter of btc is huge

dont waste your money on eth

[xuan87]

well it is a good skill to buy when drop and you exchange it to ETH, i would recommended you to just focus to trade bitcoin and ETH, unless you are very confident that the alt coin that you buy is going to make you earn profit, but I suggest you to focus on few coins, don't get too greedy