Will you trade Bitcoin to buy Altcoins?

[Joyawan13]

I was looking at the possibility of investing in several Altcoins as part of my trading by selling off Bitcoins. I do feel that with proper planning and execution, the profits that could be reaped through these Altcoins by day trading in a week would be far superior to that of Bitcoin.

It is true I am talking in terms of a short term gain. BTC is certainly a long term investment but what about the short term gains? As an example, even if I invest in 1000 coins of IOTA or 10000 coins of NEM, I am assured of greater volatility in the market for these coins compared to that of BTC. If NEM makes a high on a particular day even by 0.05$ USD, I would make 0.05x10000 = 500$ USD in a day if I sell all my coins at that price.

Of course, trading does involve many other practical factors which make things not as simply as I write here. But being a pro I can simplify the complexity and say that it is certainly possible to make it so.

But will this not be a way to make decent income every day? When you invest in cryptocurrency, it is a need for one to continually observe the market trends. When one is able to understand the intricacies of the market then it is better that he takes up (day) trading.

After all it is important we make money on a regular basis apart from the long term investment isn’t it so?

Yes, what you have done to make a profit is good enough, and you will definitely be able to make a profit every day, but not everyone can do as you do, as a crypto trader we have to do more ways to make a profit, especially now because market movements are difficult to predict, indeed to get profits with long-term investments, not as fast as for example we can trade days.

[wayaneka]

Before decide that, we should be first analysis the price of Bitcoin, currently the price of Bitcoin in low fluctuacion and stagnan so will be good idea to trade BTC with altcoin to increase the number of Bitcoin. In this situation of crypto market, Bitcoin can be push anytimes so do not forget to use stop loss because when the price of BTC push the price of altcoin will going down. Alot of good coin pairing with BTC only so we dont have any option and should be trade altcoin with BTC.

[ringgo96]

Trading altcoins is risky, it can bring big profits as well as big losses. You must have great intuition because even the professional technical analysis can't predict the right moment for buying/selling. Also, you should compare the risks of trading altcoins with the possible losses of just holding bitcoin. Then you will clearly see if it's worth it.

Trading is really a big risk and it is not recommended for you or anyone to trade if you do not know the technical pattern of trading because of course it will give a loss to traders

[BigBos]

Trading altcoins is risky, it can bring big profits as well as big losses. You must have great intuition because even the professional technical analysis can't predict the right moment for buying/selling. Also, you should compare the risks of trading altcoins with the possible losses of just holding bitcoin. Then you will clearly see if it's worth it.

Trading is really a big risk and it is not recommended for you or anyone to trade if you do not know the technical pattern of trading because of course it will give a loss to traders

maybe most of what I hear is, altcoin trading, for bitcoin. but when someone really needs an altcoin, it can certainly be done, because many of my friends are trying to sell their bitcoin to altcoin.

[biletskiy]

Trading altcoins is risky, it can bring big profits as well as big losses. You must have great intuition because even the professional technical analysis can't predict the right moment for buying/selling. Also, you should compare the risks of trading altcoins with the possible losses of just holding bitcoin. Then you will clearly see if it's worth it.

Trading is really a big risk and it is not recommended for you or anyone to trade if you do not know the technical pattern of trading because of course it will give a loss to traders

Yes, it is risky but if you do not do it, you will hardly earn enough money to make your life a bit better. Actually I prefer trading tokens, as for Bitcoins, I hold this crypto.

[MKH]

Yes, because sometimes the price of alt have a Long deffarenc with eth and btc pair. So its some time profitable to buy alt with btc and hold eth..

[goku1525]

Trading altcoins is risky, it can bring big profits as well as big losses. You must have great intuition because even the professional technical analysis can't predict the right moment for buying/selling. Also, you should compare the risks of trading altcoins with the possible losses of just holding bitcoin. Then you will clearly see if it's worth it.

Trading is really a big risk and it is not recommended for you or anyone to trade if you do not know the technical pattern of trading because of course it will give a loss to traders

Yes, it is risky but if you do not do it, you will hardly earn enough money to make your life a bit better. Actually I prefer trading tokens, as for Bitcoins, I hold this crypto.

Risk is always there either you make long-term investment or short term method that we call day trading. Actually I prefer by holding a coin like bitcoin in long-term rather than execute day trading because i have stable job and  i dont have enough time to cover those necessary thing when you're in the middle of day trading.

[@Mhaiang]

I think that's only necessary if you don't have any resort of having a certain altcoins. As much as possible, it's better to keep your bitcoin or rather sell your altcoins to buy bitcoin because we know how worthy bitcoin is.

[Xanek]

Till now I believe in bitcoin and I will keep holding on to it. It will be profitable forever)

[trantruonganhvu99]

I think is not, because altcoins prices are unstable and there are signs of going down, nobody knows  it will increase or decrease in the future, if it is me then I will invest in bitcoin because it is safe and stable , I can still earn  profits big from bitcoin

[moneymakescents777]

Yes I sold BTC to buy CanYa coin CAN, much better % return https://coinmarketcap.com/currencies/canyacoin/

[Koenraad Lange]

If ever you're going to trade your bitcoin with altcoin for more percent profit, it would be good to choose the right altcoin. Look for the one with small price at the moment but most likely will increase its price in the future. You need to do research, readings, and assessment of the altcoin.

Of course I sell bitcoin to buy altcoins, with the altcoin note that I bought the price is good and profitable. Because crypto trading itself is like a game where the player must be clever to choose crypto money with the potential to make profits. I still like Bitcoin the most, but if the altcoin gives more profits, why not trade?

[hawkins]

I think that's only necessary if you don't have any resort of having a certain altcoins. As much as possible, it's better to keep your bitcoin or rather sell your altcoins to buy bitcoin because we know how worthy bitcoin is.

sometimes some people do this to save their assets. well, for now, XRP is a really stable coin when the market price starts low, sometimes people do that to make a profit. but for now, I prefer to hold the coins that I have.

[MirandaGreen12]

If the altcoin has a very good movement and can benefit and can grow the bitcoin I have then I will exchange from bitcoin I have bought to buy altcoin so I can get a lot of profit. take advantage of the existing situation to grow your assets and get rich.
But for the automatic trading i use Trade Santa bot. It's free and convenient to set up the bot.

[Ibas samara]

Why not? if you think it will be more profitable then do it! Don't let your assets stay too long without results, I think that's an unwise action. Some times altcoin is more profitable. Every trader must dare to take the opportunity.

[TomArayaSlaya]

Right now i will advice you hold your bitcoin for altcoin as the fate of most altcoin and be unpredictable I think just hold on and give the market time

[barabarian1]

I don't do that, I don't trade bitcoin at the moment, survive until the market recovers, because if I sell, I will suffer losses. I bought altcoin with my own money. and looking for altcoins from work following their campaign program. Next, I will trade with Altcoin. I agree with your words that, trading the day for now is the right time if someone is able to understand the ins and outs of the market. but I am still hesitant and afraid to do daily trading with bitcoin.

[Arthurian60]

Yes! Selling off bitcoin and buying altcoins seem to be the best thing now with the speed bitcoin is falling. Use some part of the bitcoin and invest in altcoins for the good days are coming very soon.

[legendbtc]

Yes, mostly I am increasing my worth of bitcoins by trading the trading altcoin and it is impossible for us to keep on investing in Bitcoin always. In order to grow the bitcoin we need to keep on searching for good potential altcoin in order to make decent profits.

[cfif123]

Right now i will advice you hold your bitcoin for altcoin as the fate of most altcoin and be unpredictable I think just hold on and give the market time

but trading bitcoin for altcoin is good because altcoin is the best way to earn income while bitcoin is still falling in price until bitcoin has undergone a nice change