Altcoin Trading

[Nikkolodeon]

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! 

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[coolcoinz]

You got it right, but that is only when your goal is to ultimately have more USD. I'm trading against BTC to ultimately have more of it, regardless of its fiat value. I'm doing so with all my all my airdropped and forked coins. I'm not focusing on trading Bitcoin for fiat but on trading altcoins for Bitcoin, so I'm mainly interested in how the alts are holding against it. To be honest, if you're trading cryptocurrency pairs for BTC not tether or fiat, it's hard to keep track of your fiat profits. I have no Idea how people manage to do both on a daily basis. 

[lite]

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?

Yeah, you will lose some of your gains, but you would still be in profit.
So you bought an altcoin for 1 BTC and bitcoin price is at $10k.
Now you made a profit of 0.2 BTC by selling your altcoin, you now have a total of 1.2 BTC.
That 1.2 BTC will be worth $10800 when price of BTC will be $9k, you'll be up $800.

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.

Yes that's correct.
When BTC price recovers back to $10k you'll have more USD profit(+$1200 or $12k total).

[Jaycee99]

Yes you got it right, When you bought bitcoin you gained more (base on your examples) due to price value increase. I would like to give a suggestion you should download an application its blockfolio. You can use this to be upted on the value (sky rocket)increase and decreasing the is going or still to happen.

By this application you can now not loose any profit if you online 24/7 becauase you can't be updated because no Internet  connection. This application is kind an alarm so holders and trading can know what will they do next.

[ldah94]

the smaller the bitcoin and the higher the altcoin, the more btc it will have and thus it will accumulate bitcoin because it buys it cheaper, it will not lose its profits if it sells these bitcoins until its price rises above the price it bought.

[aardvark15]

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! 

You are correct that if you increase the amount of Bitcoin you own but the value in US dollars per Bitcoin drops, you could still lose money. You may have a goal to increase Bitcoin regardless of the Bitcoin value if you trust that eventually Bitcoin will increase in value later. That is a legitimate strategy. There are many different trading strategies and they will depend on your particular goals.

[lagista]

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 would suggest you do not sell in btc, you can sell in eth and eth have stable price. so I think we can make sales comparison by using btc or eth to make bigger profit.

[CODE200]

the smaller the bitcoin and the higher the altcoin, the more btc it will have and thus it will accumulate bitcoin because it buys it cheaper, it will not lose its profits if it sells these bitcoins until its price rises above the price it bought.

In context bitcoin and altcoin development is quite related to each other where its ability to progress and to develop is on the hands of the supporters or the user of Bitcoin in terms of transactions and establishing an investment for future and for us to earn and gaming profit.

[Indrawan77]

Yes you calculate it correctly, that is why I suggest you to trade using fiat, so its not too confusing, if you trade it with btc, you need extra job to see the btc price, either it's up or down, and to be honest it's bit difficult to calculate the profit when you trade like that, and in your case if the bitcoin price going up again then you will get more profit

[Nikkolodeon]

Wow thanks guys! You are a huge help! I have been thinking about it for few days already but I still can't get it so I posted here, and I am really glad that this forum can always help me whenever I have questions on my mind. Trading really can be easier if you have someone you can learn from. I will download the blockfolio later it seems like very helpful to prevent losses.

[JainaVsUther]

You got it right, but that is only when your goal is to ultimately have more USD. I'm trading against BTC to ultimately have more of it, regardless of its fiat value. I'm doing so with all my all my airdropped and forked coins. I'm not focusing on trading Bitcoin for fiat but on trading altcoins for Bitcoin, so I'm mainly interested in how the alts are holding against it. To be honest, if you're trading cryptocurrency pairs for BTC not tether or fiat, it's hard to keep track of your fiat profits. I have no Idea how people manage to do both on a daily basis. 

Can I ask with this strategy of yours since I notice it's quite common with old timers here. Are you of the genuine belief BTC will be adopted as a world currency and accepted for global payment of goods and services, and this is why your primary goal is to be rich in BTC over fiat? Also have you been successful diversifying in alts to make gains in BTC or did BTC as an overall outperform this strategy?

[Leonard2016]

The coz of ur headache is that you are still thinking in fiat!
If you forget about fiat currency and thinking by bitcoin everything would be solved!

[wayaneka]

For newcomer in altcoin trading for the better trade in crypto paired with USD so will be more easy to trade and to calculate profit/loss. When we are trade in paired BTC with altcoin is more difficult to trade because we should be make analysis in 2 different price.

[Thanasis]

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! 

You are correct that if you increase the amount of Bitcoin you own but the value in US dollars per Bitcoin drops, you could still lose money. You may have a goal to increase Bitcoin regardless of the Bitcoin value if you trust that eventually Bitcoin will increase in value later. That is a legitimate strategy. There are many different trading strategies and they will depend on your particular goals.

Agree with you for now he should concentrate on the profits in terms of bitcoin not in the USD because the price of bitcoin will jump later at the end of this year so keep doing that then you will have good return.

[amrulshare]

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!  

You are correct that if you increase the amount of Bitcoin you own but the value in US dollars per Bitcoin drops, you could still lose money. You may have a goal to increase Bitcoin regardless of the Bitcoin value if you trust that eventually Bitcoin will increase in value later. That is a legitimate strategy. There are many different trading strategies and they will depend on your particular goals.

Agree with you for now he should concentrate on the profits in terms of bitcoin not in the USD because the price of bitcoin will jump later at the end of this year so keep doing that then you will have good return.

what if the prediction is going backward, I do that every time but always go the wrong way and the best way to leave that coin in the personal wallet for many decades

[CoinTxnBTC]

Simple math, do your own calculations.
If you can't count this, don't invest.

[bitterguy28]

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!  

Your truly correct and they have great points, even if bitcoin go down the price always remember the goal here is to increase the number of the bitcoin profits because in times of bitcoin price pumping again and again your profits become hugable thats called hold for long term of Bitcoin holders.
Buy and hold are the best strategy to earn profits.

[bingble]

You got it right, but that is only when your goal is to ultimately have more USD. I'm trading against BTC to ultimately have more of it, regardless of its fiat value. I'm doing so with all my all my airdropped and forked coins. I'm not focusing on trading Bitcoin for fiat but on trading altcoins for Bitcoin, so I'm mainly interested in how the alts are holding against it. To be honest, if you're trading cryptocurrency pairs for BTC not tether or fiat, it's hard to keep track of your fiat profits. I have no Idea how people manage to do both on a daily basis. 

Agree. It is more simple if we always trade alts against BTC.

In the fact, there are many persons want to make so called Real Profit, then they can calculate the Profit against USD or USDT, it is also simple.

[JC btc]

You got it right, but that is only when your goal is to ultimately have more USD. I'm trading against BTC to ultimately have more of it, regardless of its fiat value. I'm doing so with all my all my airdropped and forked coins. I'm not focusing on trading Bitcoin for fiat but on trading altcoins for Bitcoin, so I'm mainly interested in how the alts are holding against it. To be honest, if you're trading cryptocurrency pairs for BTC not tether or fiat, it's hard to keep track of your fiat profits. I have no Idea how people manage to do both on a daily basis. 

Agree. It is more simple if we always trade alts against BTC.

In the fact, there are many persons want to make so called Real Profit, then they can calculate the Profit against USD or USDT, it is also simple.

Yes, when I started trading as well it makes me confused about how I am going to compute if I already gain or not since bitcoin price vary from time to time, but through analyzing and experience I had eventually have my own computation, it is hassle actually and needs a lot of patience and your time.

[Omega Weapon]

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.