aliman00 (OP)
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December 25, 2017, 12:27:37 AM |
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With bitcoin low, some alts are dancing like crazy when you compare them vs btc and not vs usd. So my question is .... is it really that smart to buy alts with bitcoin now, if or not if when bitcoin starts to move upwards again wont alts go down like crazy ?? Or is it worth taking a chance on something and hope for the best? PS! I'm trying to accumulate BTC not dollars  |
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NaissuR
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December 25, 2017, 04:19:18 AM |
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With bitcoin low, some alts are dancing like crazy when you compare them vs btc and not vs usd. So my question is .... is it really that smart to buy alts with bitcoin now, if or not if when bitcoin starts to move upwards again wont alts go down like crazy ?? Or is it worth taking a chance on something and hope for the best? PS! I'm trying to accumulate BTC not dollars it depends which alts you buy.. if you accumulate dollars and not bitcoin you will earn anyway by investing in alt coins and waiting because gains from bitcoin will always keep flowing to the alt coins. you also can hold BTC and buy alts later after BTC bull run no one can say what is the best thing to do for maximum gains for 100% |
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coinstatic
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December 25, 2017, 08:08:12 AM |
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Of course not.
Just carry out your research before buying though. Study who's behind the altcoin, the team, the concept & goals for the future.
Once you're confident with the above and you know it's most likely to succeed (whether it's short or long term) then you can go ahead and buy the altcoin.
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iamlds08
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December 25, 2017, 08:10:08 AM |
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you can acquire btcs upon scalping on upthrending altcoins. better invest in both to maximize profit
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explorecrypto
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December 25, 2017, 08:17:00 AM |
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One should hedge his / her position by keeping a portion of the investments in BTC & invest some of that in ALTs since the headroom for growth is considerable large in ALTs as compared to established currency like BTC.
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xPPx
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December 25, 2017, 09:42:58 AM |
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Depending on the alt, No. They could double in value before BTC hits $30,000...
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aliman00 (OP)
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December 25, 2017, 09:55:33 AM |
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yeah yeah I get all that and I got few coins in my sights  I'm just wondering if it's stupid to buy now considering btc is so low.... if that sucker start to move I guess a lots for money will be drained out of alts and into btc by trend catchers so perhaps better to wait for alt coins to start crashing before buying in |
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slaman29
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Livecasino, 20% cashback, no fuss payouts.
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December 25, 2017, 10:04:33 AM |
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Well, it depends really on how you look at it. BTC is still the most used alt pair, and with Bitcoin you therefore can access a lot of alts on exchanges. If you want to use Tether (USDT) then you still have to buy it with BTC or with fiat deposits, either way you lose some on fees so you make an auto loss there.
Back in September I bought some alts that I thought had reached floors. Bitcoin went up and up though, so those floors fell even deeper. However, with Bitcoin now in bearish markets, some of those alts have recovered - now I am in profit (BTC) for those alts. Not all recovered, I am still in overall BTC loss, but that's the way it goes.
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DiscretePatriot
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December 25, 2017, 10:06:59 AM |
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Splitting your holdings would be good too. Bitcoin may be low but it's value is still way beyond any Altcoin and if you choose an altcoin carefully, you might get great gains.
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pey
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Free Crypto in Stake.com Telegram t.me/StakeCasino
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December 25, 2017, 10:14:16 AM |
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Every decision is stupid to some extent, you can't predict the future, make a decision and don't look back anymore. It is hard to trade btc/alts pairs.
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alink
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December 31, 2017, 05:47:20 PM |
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No more stupid than before. Was it stupid before? It is up to you. ))
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giveen
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December 31, 2017, 07:39:57 PM |
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There aren't much ways to buy alts honestly i have seen people like you they first sell btc for usd and then buy alts with that same usd and say they didn't buy it with btc . Technically it doesn't make much of a difference unless you actually try to increase your btc if you are simply here to increase you value in terms of usd then crypto is a perfect investment you literally have to buy and forget. |
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BartS
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December 31, 2017, 10:20:57 PM |
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With bitcoin low, some alts are dancing like crazy when you compare them vs btc and not vs usd. So my question is .... is it really that smart to buy alts with bitcoin now, if or not if when bitcoin starts to move upwards again wont alts go down like crazy ?? Or is it worth taking a chance on something and hope for the best? PS! I'm trying to accumulate BTC not dollars Since you want to increase the amount of bitcoin you hold you have no other option but to buy alts and hold them for some time, your timing is not perfect, it would have been better if you bought when bitcoin was at its peak but very few could have guessed that was the top, so as long as you invest in some good alts and not in some icos that no one knows if they are going to succeed or not investing in alts right now is an adequate choice. |
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poodle63
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December 31, 2017, 10:43:37 PM |
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There aren't much ways to buy alts honestly i have seen people like you they first sell btc for usd and then buy alts with that same usd and say they didn't buy it with btc . Technically it doesn't make much of a difference unless you actually try to increase your btc if you are simply here to increase you value in terms of usd then crypto is a perfect investment you literally have to buy and forget. Buy with bitcoin when the price of altcoin gets plunged and that's only the best time for sure. basically, that depends on the timing. if OP tries to spent bitcoin to altcoin when bitcoin is much stronger than altcoin and then he or she will get a lot of altcoin. There is no relationship with USD terms. |
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imsotiredofmoviereboots
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January 01, 2018, 02:41:47 AM
Last edit: January 01, 2018, 02:59:43 AM by imsotiredofmoviereboots |
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If you are closely watching the movements of btc and altcoins then you'll know its good to buy them now. Coins that was supposed to be dead because of bitcoin are recovering and some altcoins are shooting up to the sky everywhere.
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turbulence
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January 01, 2018, 02:49:34 AM |
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alts are high, btc is low, so yeah its not smart prolly
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markers
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January 04, 2018, 03:17:36 PM |
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I see that now is one of the best moment to invest in alcoins as the plunged btc price squeezed out a lot of market participants from this coin and forward their money in different altcoins. The price moves in altcoins can be very volatile as in many cases they are significantly less liquid. The clear result of this switch is the rapid growth in many alternative cryptocurrencies.
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Lifes
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January 04, 2018, 03:28:53 PM |
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Of course not.
Just carry out your research before buying though. Study who's behind the altcoin, the team, the concept & goals for the future.
Once you're confident with the above and you know it's most likely to succeed (whether it's short or long term) then you can go ahead and buy the altcoin.
Agree with this guy. If its a strong idea / project with a good team it will grows. |
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dsaijz03
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January 04, 2018, 03:32:48 PM |
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Maybe because it depends on the altcoin that you are gonna buy, many altcoins do not have potential( no supporters) but there are many also that can give you big profit if it will pump high. Some altcoins are not affected when bitcoin increase but mostly affected.
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MisO69
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January 04, 2018, 04:44:07 PM |
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Don't buy altcoins now. All of them are pumped and will come down once bitcoin makes its next run.
ETFs, Futures and upgrades are in store for BTC in 2018.. so far that's what we know of. BTC will pump guaranteed and altcoiners will dump to take profits and get into BTC for the rise.
That is when you buy alts.
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