Will you trade Bitcoin to buy Altcoins?

[lamadu3]

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

I will also NOT trade Bitcoin to get altcoins as soon as the tokens can fall one day, and there is a chance that they will never rise. BTC will be always the number one cryptocurrency.

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[Marcsymon]

With the current bearish market trend of all cryptocurrency I am not in favor of trading bitcoin to buy some altcoins. Because the price of bitcoin now is decreasing too much and it is less profitable to trade bitcoin now in its current price. So it is better to hodl our bitcoin rather than to buy some altcoins which prices are decreasing also in which investment is non- profitable.

[Firefox07]

For me, I will not sell my bitcoins to buy altcoins. Even though there are some good altcoins in the market. Holding bitcoins will give us more profit than trading altcoins.

[boyz97]

For me, I will not sell my bitcoins to buy altcoins. Even though there are some good altcoins in the market. Holding bitcoins will give us more profit than trading altcoins.

actually holding has double risk than holding bitcoin.first its rate compared to bitcoin down ,and the second if bitcoin rate to usd down too.i think its double kill.

[anitaraymonds]

It is a very good strategy if it will always  play out according to your postulations here.  But unfortunately, the crypto market is more on speculation and cannot be stable. But I  sell my altcoin and converts them to bitcoins and hold. Bitcoin rises faster than the altcoins when there is a dip in the market. Also, it has the volume and liquidity when you want to get some fiat money.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

[cryptorima]

Yes I will. Cause Bitcoin is my most favorite coin for trade with others altcoins. I don't like to use USD or others currency for buying altcoin. I always use Bitcoin for buy or trade altcoins.

[Babyrica0226]

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?

If You only have Bitcoin here I guess I would agreed that it is much better to buy altcoins, why? it is because there is a high chances for you to gain big if you do that, if you will choose the right coins that has a capability to increase in the future just like Ethereum, Nem, Pundix, Ada, Utk, Neo, and waves as well.

[Joyawan13]

indeed we can sell our bitcoin to trade it by buying altcoins which we think can be faster in order to provide us with great profits, but in my opinion at this time it is not the right decision to carry out such a trading strategy, because the market situation is still not stable, so in my opinion, for example, we cannot quickly make decisions about our trade, the losses are precisely it we will get.

[Vishnu.Reang]

I am someone who had profited out of altcoin investment in 2017. I made a decision to invest a part of my wealth in to Litecoin back then, and it worked really well for me. But right now I don't have any confidence in the alts.

[DiceChain]

I currently applying this method,because i believe there are lots of potential alt coins now under its ico price. when market condition will be uptrend then i will be gainer. i think if i trade with altcoins and hold them and wait for up trend it can give me more profit than holding btc.

[Sanitough]

I currently applying this method,because i believe there are lots of potential alt coins now under its ico price. when market condition will be uptrend then i will be gainer. i think if i trade with altcoins and hold them and wait for up trend it can give me more profit than holding btc.

In the past I've been doing this but I realize now it has a bad effect especially when bitcoin is down.
The fact is, when bitcoin is down, altcoins will be down big time, that's the trend now but if bitcoin rises, altcoins are slow to follow.

[futureofeth]

Now it is not the right time to buy Altcoin with the Bitcoin because the price of Bitcoin went very low in the market which we will be less amount of coins. Instead of buying altcoin it is a very good option to hold the Bitcoin itself until the price of Bitcoin starts increasing.

[illnino]

I would prefer not to trade Bitcoin but hold this perfect cryptocurrency. As for trading altcoins, I buy them and then deal with these tokens. I hold over 15 different alts in my portfolio

[dmamigo]

I am someone who had profited out of altcoin investment in 2017. I made a decision to invest a part of my wealth in to Litecoin back then, and it worked really well for me. But right now I don't have any confidence in the alts.

I think many do this. but I didn't do it. I prefer to sell altcoin to produce bitcoin, or ETH. I feel that the potential of altcoin moves based on prices of ETH and bitcoin, so when the prices of both coins rise, the altcoin price also rises.

There is a high possibility of this scenario being changed soon in the future when few altcoins will not be depending upon BTC. Now, ETH also kind off depends on BTC prices fluctuation. I occasionally do trade alts for BTC, sometimes I buy BTC and then trade it for alts and some other time I trade the BTC which I am holding or acquiring. BTC will surely give good returns, but believing in this system I am thinking about too long-term and thus do trade BTC-alts.

[akram143]

I would prefer not to trade Bitcoin but hold this perfect cryptocurrency. As for trading altcoins, I buy them and then deal with these tokens. I hold over 15 different alts in my portfolio

trading Bitcoin is always the best way to make money but trading Bitcoin and invest in some other kinds are not suitable for all people especially mind so my opinion is trade Bitcoin and earn something use them as a saving and make a little investment on other currency is the best way.

[minairia3]

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?

how about trading your money directly to other altcoins to minimize the fees and spread risk. There are alot of major tokens that you can buy with your fiat straight from your mobile apps.

[hahay]

I think that depends on how you maintain bitcoin as your long-term investment. I personally don't care too much about long-term investments, because sometimes I also trade bitcoin to buy some altcoins which I think are worthy of being owned by the results of bitcoin trading. But if I'm feeling bitcoin can't be mixed up with trading altcoins, then I will buy altcoins from fiat.

[rarkenin]

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?

how about trading your money directly to other altcoins to minimize the fees and spread risk. There are alot of major tokens that you can buy with your fiat straight from your mobile apps.

Cutting the middleman is good idea in order to avoid paying comissions and withdrawal fees. Observing market trend is smart move before jumping blindly to market movement.Bitcoin is not profitable for short-term trading like buying now  and selling after gaining few percent profit.

[Ranly123]

Unless you are a very experienced trader, I strongly suggest you not to do that.
Altcoins pose substantial risks, even in day trading: subpar exchanges, vulnerabilities of all sorts, poor liquidity that can damage your profits.
Greed is good, but I think you can fulfill it with bitcoin.
My two cents,
F1

Yes, we can have a good pofit through Bitcoin but as of now that Bitcoin is low, we better find another alternatives on how we could grow our funds.

[CryptoLing]

At this rate, I will be happy to trade it with alts. Both bitcoin and alts is almost bottomed I guess and it's good to enter.