TastyChillySauce00
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Activity: 2968
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
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March 26, 2017, 05:02:42 AM |
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As we all are aware that the price of bitcoin is drastically going down so can we called this a trading opportunity.
What i was thinking is all the people who are currently holding bitcoin can convert it to any alt like maybe monero and let the price of bitcoin go more down and then buy when yiu think the price won't grow more.
well that is a bad advice. lets say you convert your bitcoins to an altcoin there are multiple scenarios. 1- altcoin price remains the same. in this case you still have the same amount of bitcoin! so you end up only paying fees 2- altcoin price goes up. in this case you make profit, but the question is by how much. usually altcoins can get pumped high. right now most of them are being pumped anyways, in case of monero it went up nicely but in general monero has a pretty solid and stable price. so back to 1 in general. 3- altcoin price drops. and this happens more than you think. they get dumped real hard and you lose the little bitcoin you had before you go in. also i find another big problem with this. you end up storing altcoins on the exchange because it is not possible in most cases to run the wallet for these altcoins and most don't have an SPV wallet either and that is a risky move. If the person who's going to take advantages of earning profit by buying bitcoin is aiming profit in form of fiat, then, by converting it to altcoin he would be doomed. Just see, when you convert your bitcoin to altcoins while at the same time, bitcoin's price is drastically falling, and fortunately the altcoins were go above and hit the moon, the amount of money (in fiat) that you'll receive is seem to be the same due to the downfall of bitcoin's price, and the rest, could get you lose, just my 2 cents, but that's from my experiences. |
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ImHash
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March 26, 2017, 05:07:16 AM |
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One of the best opportunities if you ask me, because someone with more than 51% of total hash power is not insane to literally deny himself money.
Why? because they have every thing to lose if they do the hard fork, they'll lose half a million dollars every day if they do.
But no matter what happens even if they've been paid a fortune to shut down bitcoin by losing millions first they should know that market will recover after a year or two, this is actually the bright side of decentralized currency even if mining becomes centralized and they decide to f**k up the system by split the honest and friendly nodes/miners will continue to function as normal and system will regain the community's trust over time, so yes this is one of the rarest opportunities to accumulate as much as you can.
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giveen (OP)
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March 26, 2017, 03:35:26 PM |
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As we all are aware that the price of bitcoin is drastically going down so can we called this a trading opportunity.
What i was thinking is all the people who are currently holding bitcoin can convert it to any alt like maybe monero and let the price of bitcoin go more down and then buy when yiu think the price won't grow more.
well that is a bad advice. lets say you convert your bitcoins to an altcoin there are multiple scenarios. 1- altcoin price remains the same. in this case you still have the same amount of bitcoin! so you end up only paying fees 2- altcoin price goes up. in this case you make profit, but the question is by how much. usually altcoins can get pumped high. right now most of them are being pumped anyways, in case of monero it went up nicely but in general monero has a pretty solid and stable price. so back to 1 in general. 3- altcoin price drops. and this happens more than you think. they get dumped real hard and you lose the little bitcoin you had before you go in. also i find another big problem with this. you end up storing altcoins on the exchange because it is not possible in most cases to run the wallet for these altcoins and most don't have an SPV wallet either and that is a risky move. See i get it I'm not saying that there wouldn't be any loss it is obvious that's why i posted this in trading discussion i thought of idea but i was wrong as the price is gone to 975$ so it's impossible to execute my idea now. If we won't take any risk in trading we won't earn any profit right so that's all i was trying to explain |
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Zenithar
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March 26, 2017, 11:11:43 PM |
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As we all are aware that the price of bitcoin is drastically going down so can we called this a trading opportunity.
What i was thinking is all the people who are currently holding bitcoin can convert it to any alt like maybe monero and let the price of bitcoin go more down and then buy when yiu think the price won't grow more.
well that is a bad advice. lets say you convert your bitcoins to an altcoin there are multiple scenarios. 1- altcoin price remains the same. in this case you still have the same amount of bitcoin! so you end up only paying fees 2- altcoin price goes up. in this case you make profit, but the question is by how much. usually altcoins can get pumped high. right now most of them are being pumped anyways, in case of monero it went up nicely but in general monero has a pretty solid and stable price. so back to 1 in general. 3- altcoin price drops. and this happens more than you think. they get dumped real hard and you lose the little bitcoin you had before you go in. also i find another big problem with this. you end up storing altcoins on the exchange because it is not possible in most cases to run the wallet for these altcoins and most don't have an SPV wallet either and that is a risky move. If the person who's going to take advantages of earning profit by buying bitcoin is aiming profit in form of fiat, then, by converting it to altcoin he would be doomed. Just see, when you convert your bitcoin to altcoins while at the same time, bitcoin's price is drastically falling, and fortunately the altcoins were go above and hit the moon, the amount of money (in fiat) that you'll receive is seem to be the same due to the downfall of bitcoin's price, and the rest, could get you lose, just my 2 cents, but that's from my experiences. to me as we can see that still the use of bitcoin as currency in not available everywhere, therefore i think most of the people are using bitcoin for investment to make some money and i think trading is the best option for making good amount of bitcoin in a shot period of time. |
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FlamingFingers
Sr. Member
Offline
Activity: 1302
Merit: 288
Cashback 15%
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March 26, 2017, 11:19:18 PM |
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As we all are aware that the price of bitcoin is drastically going down so can we called this a trading opportunity.
What i was thinking is all the people who are currently holding bitcoin can convert it to any alt like maybe monero and let the price of bitcoin go more down and then buy when yiu think the price won't grow more.
well that is a bad advice. lets say you convert your bitcoins to an altcoin there are multiple scenarios. 1- altcoin price remains the same. in this case you still have the same amount of bitcoin! so you end up only paying fees 2- altcoin price goes up. in this case you make profit, but the question is by how much. usually altcoins can get pumped high. right now most of them are being pumped anyways, in case of monero it went up nicely but in general monero has a pretty solid and stable price. so back to 1 in general. 3- altcoin price drops. and this happens more than you think. they get dumped real hard and you lose the little bitcoin you had before you go in. also i find another big problem with this. you end up storing altcoins on the exchange because it is not possible in most cases to run the wallet for these altcoins and most don't have an SPV wallet either and that is a risky move. These are pretty solid scenarios that I exactly ran through in my shitty experience with YoShit. I profited at first, then ended up with a list full of shitcoins that I couldn't sell or burn, and lost all my BTC to one shitcoin or another. |
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xuan87
Legendary
Offline
Activity: 1666
Merit: 1001
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March 27, 2017, 05:23:10 AM |
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This few weeks the price is very bad, it is a good opportunity to buy and hold, but it is also contain risk, because this time the falling down is because of the sensitive issue, there might be a chance that bitcoin going to free fall, so at this time it is better to watch and observe, because the stake is quite high but this volatility makes good opportunity to do trading
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Yuuto
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March 27, 2017, 05:29:35 AM |
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As we all are aware that the price of bitcoin is drastically going down so can we called this a trading opportunity.
What i was thinking is all the people who are currently holding bitcoin can convert it to any alt like maybe monero and let the price of bitcoin go more down and then buy when yiu think the price won't grow more.
Disclaimer:
I would recommend only for those people to do who will get some sort of profit by selling their bitcoin if you purchased at a higher then i would recommend you to refrain from doing this.
I've read an article on the correlation of altcoin prices and bitcoin prices, i think actually ripple was the altcoin that they focused on. Whenever bitcoin dived, ripple would go up. And whenever bitcoin went up, ripple will go down. This is a great way to park your funds temporarily, hedging against the falling bitcoin price, and selling that ripple into bitcoin later, all without any bank accounts, any fiat currency involvement and it's quick and easy. If you are this certain that bitcoin prices are going to go down, then maybe you should just short sell your coins, however that hasn't went well for me. |
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Wintersoldier
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March 28, 2017, 02:54:04 PM |
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This few weeks the price is very bad, it is a good opportunity to buy and hold, but it is also contain risk, because this time the falling down is because of the sensitive issue, there might be a chance that bitcoin going to free fall, so at this time it is better to watch and observe, because the stake is quite high but this volatility makes good opportunity to do trading
If its rate goes down, it would be greay time to buy. If its rate goes down again, it would be greater time to buy. Volitality has a benefits for experienced traders. However, it affects new traders or bitcoin holder which costs them to lose some of their money due to lack of experience in the volitality of bitcoin. Yet, as time goes by they will learn and would choose to hold their bitcoin during volitality instead of selling it. |
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Gotottack
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March 28, 2017, 03:02:57 PM |
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This few weeks the price is very bad, it is a good opportunity to buy and hold, but it is also contain risk, because this time the falling down is because of the sensitive issue, there might be a chance that bitcoin going to free fall, so at this time it is better to watch and observe, because the stake is quite high but this volatility makes good opportunity to do trading
If its rate goes down, it would be greay time to buy. If its rate goes down again, it would be greater time to buy. Volitality has a benefits for experienced traders. However, it affects new traders or bitcoin holder which costs them to lose some of their money due to lack of experience in the volitality of bitcoin. Yet, as time goes by they will learn and would choose to hold their bitcoin during volitality instead of selling it. Indeed, the perfect time was when the prices were back at $900. If you bought some coins at that level then you would have profited more than %10 already as the prices went up by that much since it fell. It is hard to tell though, as newbie traders will see that this could possibly go down some more as it is very scary to buy into a plummeting price of a coin. |
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BrewMaster
Legendary
Offline
Activity: 2114
Merit: 1292
There is trouble abrewing
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March 28, 2017, 03:29:25 PM |
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As we all are aware that the price of bitcoin is drastically going down so can we called this a trading opportunity.
What i was thinking is all the people who are currently holding bitcoin can convert it to any alt like maybe monero and let the price of bitcoin go more down and then buy when yiu think the price won't grow more.
Disclaimer:
I would recommend only for those people to do who will get some sort of profit by selling their bitcoin if you purchased at a higher then i would recommend you to refrain from doing this.
as you can see by today, bitcoin price always goes up unexpectedly, it means the direction is reversed without any prior notices and you converting bitcoin to an altcoin can end up very badly. with that said, if you can go into trading altcoins by buying those that aren't pumped yet can be very profitable for you but you should remember to dump before the end comes. |
There is a FOMO brewing...
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olubams
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March 28, 2017, 07:09:09 PM |
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As we all are aware that the price of bitcoin is drastically going down so can we called this a trading opportunity.
What i was thinking is all the people who are currently holding bitcoin can convert it to any alt like maybe monero and let the price of bitcoin go more down and then buy when yiu think the price won't grow more.
Disclaimer:
I would recommend only for those people to do who will get some sort of profit by selling their bitcoin if you purchased at a higher then i would recommend you to refrain from doing this.
Unfortunately, the price has been on the increase once again as we now experience another gradual picking of prices. Bitcoin has grown to a point in my opinion where anybody who wants to make profit in bitcoin will see opportunity in every situations and wont wait until when someone announces on the thread that the this is the right time to buy. Its a function of risk and for those who are ready to take such risk. |
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Idrisu
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March 29, 2017, 06:59:37 AM |
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As we all are aware that the price of bitcoin is drastically going down so can we called this a trading opportunity.
What i was thinking is all the people who are currently holding bitcoin can convert it to any alt like maybe monero and let the price of bitcoin go more down and then buy when yiu think the price won't grow more.
Disclaimer:
I would recommend only for those people to do who will get some sort of profit by selling their bitcoin if you purchased at a higher then i would recommend you to refrain from doing this.
Though the price of bitcoin really deep to $891 last across major exchangers sites but I doubt if any altcoin do better those time. Currently bitcoin price is around $1050 and what happened last week about forks and bitcoin unlimited if it happens to any altcoins I don't think it will survive it. |
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thunderbitz2717
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March 29, 2017, 11:13:36 AM |
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As we all are aware that the price of bitcoin is drastically going down so can we called this a trading opportunity.
What i was thinking is all the people who are currently holding bitcoin can convert it to any alt like maybe monero and let the price of bitcoin go more down and then buy when yiu think the price won't grow more.
Disclaimer:
I would recommend only for those people to do who will get some sort of profit by selling their bitcoin if you purchased at a higher then i would recommend you to refrain from doing this.
What i was thinking is all the people who are currently holding bitcoin can convert it to any alt like maybe monero and let the price of bitcoin go more down and then buy when yiu think the price won't grow more.
I don't agree on this things, If I saved bitcoin its for the bitcoin itself only. I can buy some atlcoin but I won't touch any of my bitcoin savings. its for my future, whether there is a crisis or not, I will hold it for a long term. |
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bep42
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March 29, 2017, 11:21:42 AM |
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As we all are aware that the price of bitcoin is drastically going down so can we called this a trading opportunity.
What i was thinking is all the people who are currently holding bitcoin can convert it to any alt like maybe monero and let the price of bitcoin go more down and then buy when yiu think the price won't grow more.
Disclaimer:
I would recommend only for those people to do who will get some sort of profit by selling their bitcoin if you purchased at a higher then i would recommend you to refrain from doing this.
What i was thinking is all the people who are currently holding bitcoin can convert it to any alt like maybe monero and let the price of bitcoin go more down and then buy when yiu think the price won't grow more.
I don't agree on this things, If I saved bitcoin its for the bitcoin itself only. I can buy some atlcoin but I won't touch any of my bitcoin savings. its for my future, whether there is a crisis or not, I will hold it for a long term. Yes and we cannot have more faith on monero as it can down anytime but holding bitcoin is safe as price will surely go higher in future so its better not to experiment with your bitcoins by investing it anywhere as if you hold it for long term will give you higher profits. |
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March 29, 2017, 12:30:32 PM |
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Just keep on holding your bitcoin and buy more. We have always the opportunity to buy coins when its value went down so we can make profits if it goes higher again. Opportunity is present whether the price is up or down if only you know how to manage the trading...
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Lecam
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March 29, 2017, 01:28:12 PM |
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Just keep on holding your bitcoin and buy more. We have always the opportunity to buy coins when its value went down so we can make profits if it goes higher again. Opportunity is present whether the price is up or down if only you know how to manage the trading...
Yes its right opportunity is in bitcoin its time to earn and hold bitcoin because the price is going up. So maybe buy now and try to keep it wait that bitcoin show you how bitcoin good for long investment. |
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Sled
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March 30, 2017, 12:44:53 AM |
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Just keep on holding your bitcoin and buy more. We have always the opportunity to buy coins when its value went down so we can make profits if it goes higher again. Opportunity is present whether the price is up or down if only you know how to manage the trading...
Yes its right opportunity is in bitcoin its time to earn and hold bitcoin because the price is going up. So maybe buy now and try to keep it wait that bitcoin show you how bitcoin good for long investment. In my opinion anytime is good for long term investment because it always going up for the price and now the price is a bit low then there is no doubt that it is a buying opportunity for long term investors and soon if they buy and keep it for a bit long time then when the price pump will come, for sure they will earn a lot of money. |
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stephanirain
Sr. Member
Offline
Activity: 756
Merit: 257
Freshdice.com
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March 30, 2017, 02:28:17 AM |
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Just keep on holding your bitcoin and buy more. We have always the opportunity to buy coins when its value went down so we can make profits if it goes higher again. Opportunity is present whether the price is up or down if only you know how to manage the trading...
Yes its right opportunity is in bitcoin its time to earn and hold bitcoin because the price is going up. So maybe buy now and try to keep it wait that bitcoin show you how bitcoin good for long investment. In my opinion anytime is good for long term investment because it always going up for the price and now the price is a bit low then there is no doubt that it is a buying opportunity for long term investors and soon if they buy and keep it for a bit long time then when the price pump will come, for sure they will earn a lot of money. Long term investment is tedious and the market movement would be slow, hence slow profit. Long term investment aren't always going up, it also falls down hence there is no assurance of always money making in long term investment. |
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iamTom123
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March 30, 2017, 05:00:26 AM |
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Well, it can be done technically but it would take a gargantuan effort to do so and you need to program people to do the thing you want them to do. If miners could not come up with a united decision whether to go BTU or just BTU, how much this kind of idea? In other words, this is impossible virtually because you are not just taking here of 10 people or even a hundred people but numbering into multiple of thousands if not millions of Bitcoin holders. However, I do credit with your creative imagination. Peace!  |
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xypos
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March 30, 2017, 05:30:37 AM |
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As we all are aware that the price of bitcoin is drastically going down so can we called this a trading opportunity.
What i was thinking is all the people who are currently holding bitcoin can convert it to any alt like maybe monero and let the price of bitcoin go more down and then buy when yiu think the price won't grow more.
Disclaimer:
I would recommend only for those people to do who will get some sort of profit by selling their bitcoin if you purchased at a higher then i would recommend you to refrain from doing this.
It seems like a good way to hedge your investment in bitcoin but not necessarily a good way to invest your money and make a profit. If you want to take risks and you're willing to do that then maybe you should just try shorting bitcoin. Very very very risky, especially when you're doing it with leverage like 2.5x which means if bitcoin rises by 40% then you'll have nothing left. I suggest using Ethereum though if you were going to hedge against bitcoin with an altcoin because it is the most well known altcoin. It's really all up to you though what you do with your coins. |
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