Altcoin Trading

[raven7886]

I'm a little bit confused guys. For example The situation is you bought an altcoin for 1 btc, let's say 1btc=10,000. so you bought an altcoin and you gained a profit so your 1btc became 1.2btc and you sold iyour altcoin for 1.2btc, but the value of btc drops let's say 1btc=9,000.. that way you will lose right? but will you regain your money or profits if the value of btc comes back to 10,000 another day? and you will have the 1.2btc=12,000? is that right? thanks for your answers.

Sorry because I didn't deliver it fluently but for those who understand what I mean, can I ask your opinion? Thanks! 

I think that this time is very suitable for you to buy and trade altcoin, the market is showing signs of recovery when bitcoin prices are increasing continuously and is currently adjusted at $ 6700 level. I think the bitcoin price will still be able to keep rising so you can rest assured buying and trading altcoin. Make a transaction plan that will minimize your risk.

If we are looking at the fact that some of them may have bottomed out, then, we could say it would be ok to pick them but not still without some stop loss as the case may be since the possibility and likelihood of seeing them drop very fast in the case where bitcoin starts getting dumped is there.

Till now, we have seen some little bit of move for some of them as it is now, but nothing is guaranteed yet as chances are that bitcoin is still in a downtrend anyway and only if we can see a very good bounce on bitcoin at some point, with the likelihood of moving upward in a side manner for some time, before we will be able to see something tangible with the altcoins.

[kakonhat]

Is it question and answer (which you did yourself) to clear your doubt? If yes, then you have already clear the easy question and your answer also fine for all. We are all for money (cash). so it's easy to understand profit and loss by the cash money. We know all coin are virtual, not physical so we should calculate profit and loss depending on physical money. Although I love BTC

[coffigayo]

If I think this is a very good move because we have a lot of help for it and for others who want to trade in the world of cryptos in doing business because they are the most affordable coins with good quality too and can make us profitable every day in terms of income.

[Koro-Sensei]

I'm a little bit confused guys. For example The situation is you bought an altcoin for 1 btc, let's say 1btc=10,000. so you bought an altcoin and you gained a profit so your 1btc became 1.2btc and you sold iyour altcoin for 1.2btc, but the value of btc drops let's say 1btc=9,000.. that way you will lose right? but will you regain your money or profits if the value of btc comes back to 10,000 another day? and you will have the 1.2btc=12,000? is that right? thanks for your answers.

Sorry because I didn't deliver it fluently but for those who understand what I mean, can I ask your opinion? Thanks! 

I'm a little bit confused also in your statement it's kinda hard to grasp the true meaning of your sentences so I'll be advising a little off from this. Based on your words it is the basic buy and selling act where you buy low or even high then sell for higher price of course referring to the market is preferably good since it might guide you to an advantage in the future.

[minivan]

Not actually. You are trading vs BTC and you are tryong to make more bitcoin because (probaly like a lot of people on this forum) we belive that BTC will go up in price long term

[gandhe83]

I'm a little bit confused guys. For example The situation is you bought an altcoin for 1 btc, let's say 1btc=10,000. so you bought an altcoin and you gained a profit so your 1btc became 1.2btc and you sold iyour altcoin for 1.2btc, but the value of btc drops let's say 1btc=9,000.. that way you will lose right? but will you regain your money or profits if the value of btc comes back to 10,000 another day? and you will have the 1.2btc=12,000? is that right? thanks for your answers.

Sorry because I didn't deliver it fluently but for those who understand what I mean, can I ask your opinion? Thanks! 

if bitcoin price returns or bitcoin price goes up then you will get profit, if I trading I never sell my trading result, usually I sell if there is a need. I prefer to keep bitcoin out of money.

It's correct. I also like your way. Often there are new profits to sell. They almost kept them. At some point, sell a little to get a profit. To create the flow of the market. When there are changes to buy back to expand the property. That is my opinion.

[kickdapa]

You are right and your thoughts are clear here. It depends on what bitcoin price is.  But it always profitable when bitcoin price increase. Like Bitcoin down at 9K USD and you have 1.2 BTC, you may trade again or keep them hold. Because we everyone know that bitcoin will hit 10K PLus USD Anytime. Now, I would suggest you trade with bitcoin pairs instead of Altcoin. Trading with bitcoin pair is more profitable. I am talking about like NEO to BTC, EOS to BTC trade pair.

[Sanitough]

If I think this is a very good move because we have a lot of help for it and for others who want to trade in the world of cryptos in doing business because they are the most affordable coins with good quality too and can make us profitable every day in terms of income.

We can't deny that trading is having a good way of earning than of keep on holding. Though trading is riskier than of other fields but it won't be feel if you are focusing on it and you are enjoying it. Only few individuals have fully on their way as becoming a trader due to time spend and mostly investors aren't in crypto at all times.

[metribitcoin]

For altcoin trading i prefer to chooce pair altcoin vs USDT so will be more easy to calculate profit/loss. Pair USDT also make more easy to predict the price because we only make analysis in 1 coin. And to trade many potential coin with pair USDT, there are already many exchanges listed this pair like Binance, Okex, huobi etc.

[redsun114]

I'm a little bit confused guys. For example The situation is you bought an altcoin for 1 btc, let's say 1btc=10,000. so you bought an altcoin and you gained a profit so your 1btc became 1.2btc and you sold iyour altcoin for 1.2btc, but the value of btc drops let's say 1btc=9,000.. that way you will lose right? but will you regain your money or profits if the value of btc comes back to 10,000 another day? and you will have the 1.2btc=12,000? is that right? thanks for your answers.

Sorry because I didn't deliver it fluently but for those who understand what I mean, can I ask your opinion? Thanks! 

if bitcoin price returns or bitcoin price goes up then you will get profit, if I trading I never sell my trading result, usually I sell if there is a need. I prefer to keep bitcoin out of money.

Less valuable coins will result in lesser profit as compared to that of more valuable of same quantity. Now Altcoin is less valuable than the Bitcoin, Ethereum and some other cryptocurrencies so its will produce lesser profit as compared to all the other cryptocurrencies.

You are a productive person if you spread all your savings in different sources of high life and profit so it also better to start with Altcoin as well.

[badaovodich]

I'm a little bit confused guys. For example The situation is you bought an altcoin for 1 btc, let's say 1btc=10,000. so you bought an altcoin and you gained a profit so your 1btc became 1.2btc and you sold iyour altcoin for 1.2btc, but the value of btc drops let's say 1btc=9,000.. that way you will lose right? but will you regain your money or profits if the value of btc comes back to 10,000 another day? and you will have the 1.2btc=12,000? is that right? thanks for your answers.

Sorry because I didn't deliver it fluently but for those who understand what I mean, can I ask your opinion? Thanks! 

I know it can be confusing to start trading with bitcoin, but your example was correct, however when you invest bitcoin we need to look at the earnings in bitcoin, so investing 1 BTC in an alt and then getting 1.2 BTC means you multiplied your holdings even if the price of bitcoin went down, I know that many care more about the price in dollars and there is nothing wrong with that but if you invest bitcoin the most important thing are your bitcoin profits.

You invest very well when take Bitcoin to buy Altcoins and take a profit.
If you see Bitcoin is going down, you should transfer to usdt immediately to avoid losing money.

[el kaka22]

Dont do trading if you dont know how to trade (as seen on your thread) so the best thing that you can do is just try to learn at the moment, and as soon as you understood it at 100%, then you can start to trade safely.

Always the way to go for anyone who does not know how to trade. Trading is not a small thing to just tamper with and altcoin trading takes a lot of knowledge and experience about the market to be able to get the best of them in the long run.

Anyone who is trying to just pick the bottom in altcoins may not actually have been able to pick enough yet with the likelihood of some of them dropping further, so in that case, it is always very good to look at bitcoin movement as a signal as well when considering entering into altcoins.

[saadat6868]

I'm a little bit confused guys. For example The situation is you bought an altcoin for 1 btc, let's say 1btc=10,000. so you bought an altcoin and you gained a profit so your 1btc became 1.2btc and you sold iyour altcoin for 1.2btc, but the value of btc drops let's say 1btc=9,000.. that way you will lose right? but will you regain your money or profits if the value of btc comes back to 10,000 another day? and you will have the 1.2btc=12,000? is that right? thanks for your answers.

Sorry because I didn't deliver it fluently but for those who understand what I mean, can I ask your opinion? Thanks! 

I am thinking that the better way is not to count your tokens in a dollar equivalent, it is better to come down in Ether or Bitcoin instead, and yes you can never know for sure how much do you earn here it is just what it is.

[karungbitcoin]

Before decide to trade altcoin with pair USDT or BTC , i think firstly we should be look first the trend of Bitcoin price. If the trend of Bitcoin price just like now that the price in the bottom and have potential to going up more is better to trade altcoin with BTC, but if the trend of BTC going to down is better to trade altcoin with stable coin, now alot of exchange offer stable coin like USDT, TUSD, DAI to trade altcoin.