Will you trade Bitcoin to buy Altcoins?

[jankekek]

If I have some bitcoin/s on my wallet even a little amount then I will trade it to buy some altcoin/s. It is better to trade your funds into altcoins than bitcoins because there is a chance that the profits will be doubled if the bitcoin's price is pumping while the price of the altcoin/s you are trading is also pumping. The other altcoins have also the chance to be doubled if the price is paired with BTC in the exchanges.

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[dungthuy]

It depends on the potential of that altcoin. I would spend a certain amount of bitcoin for some coin that I really see a good chance to raise and get profit from it. However, with the current market , I'rather hold bitcoin and stay still.

[vinbentrob]

In a stable and bullish market,  yes I will trade bitcoin to buy Altcoin in order to increase my stash of bitcoin!  As it were right now in cryptocurrency market. It will be expensive and disasterous to sell bitcoin for Altcoin.

[SpringfieldM1A]

No. I believe that since Bitcoin is the ancestor of the cryptocurrency, it should not be changed to others.

Trading is a best way to make profit traditional trading and crypto trading; due to the modernism in currency trading we have another better way to make huge profit. Bitcoin trading is more precious but its profit is also something which is only here and you will not find it somewhere else.
Altcoins are also good but its potential to generate high profit is not more than that of Bitcoin’s profit so we choose Bitcoin as a productive source of making huge profit. Some altcoins may perform well as an exception but we should not consider those coins as the example because investing in altcoins may become zero also some times.

[JeassonHunter]

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?

  trading altcoin is better that hokding bitcoin, some altcoins will make there price high in a small period but bitcoin takes a long time.

[Airbuxf]

I buy only altcoins that I really like and have done a great research on them. If momentary I don't have any altcoin on sight I keep my holdings in Bitcoin.

[gorodi]

In a stable and bullish market,  yes I will trade bitcoin to buy Altcoin in order to increase my stash of bitcoin!  As it were right now in cryptocurrency market. It will be expensive and disasterous to sell bitcoin for Altcoin.

It seems to me that now, it will be better to buy Bitcoins and do not trade this cryptocurrency to get altcoins. When the guy has a permanent job and good wages, he can do it. Hold BTC better for a long time.

[okocrypto]

From recent happenings, some good altcoins have performed far better than Bitcoin. Example is ODE and leaving my money in this coin is a wise decision.

[KXC247]

You need to know how to combine technical analysis and fundamental analysis in order to trade profitably. I would advice that, if you are not good at trading, its better you hold your bitcoins for value increase. This is my opinion..

[mriansa]

to be honest sometimes I will exchange the bitcoin that I have to buy altcoins as much as I can because this altcoin price movement can provide a lot of profit every day.

[malibogako2018]

Yes cause there are some altcoins that have potential and give you much profit than btc. actually I sell all my bitcoin for one altcoin and doing trade on it cause I believe that coin will be huge in December and I'm looking forward for that.

[lulu28]

bitcoin is too popular now a days of crypto currency. and bitcoin popular all around the world. you have got bitcoin you just hold it for few days and wait for growth it. and altcoin not sure when it will be grow up but anytime pump bitcoin. altcoin is too risky. you can hold bitcoin one day it would be grow up.

I agree with you that Bitcoin is already establish and grows with time but don't forget that there are some altcoins that are growing faster than Bitcoin. Example is Tether and Verge. An investment in these coins would have yielded fortune by now. Personally I like diversifying.

[KotBas]

I'm not in any way going to trade Bitcoin to buy Altcoins. This is very risky. I'll just keep it until the price rises.

[Asawakobana2017]

I Ithinknot is possible to trade bitcoin for altcoin, There are so many ways to earn on crypto an dit is all depend on our own understanding on it. Bitcoin is amazing but if we wanted to earn a lot we also need to have more ways to become more profitable and we also need to make a good strategy on the feild.

[MCJamison1987]

I would.
You just need a small amount of BTC to buy an altcoin.
No harm in tryng to invest in different source. Of course will have to study the altcoin before investing in it

[weeks65]

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?

I do not think the current time you should buy altcoin, you can see that the current price point of bitcoin is starting to decline and the price of altcoin is falling very strong, so I believe that at this point you Just keep a bitcoin or change it to USD to preserve capital and profit. Bitcoin prices have been running sideways during the past few days and may continue to fall sharply in the near future.

[NorihiroName]

Yeah, why not? Surely it is very risky but the higher is the risk the higher will be really higher and that can actually work out.

[goshay97]

I have currently traded all my Bitcoin for altcoin.  I believe alts will pump much more than Bitcoin so I plan on riding them up to gain Satoshi value and then jump over to Bitcoin at the peak. 

[CRYPTOGANGSTERs]

No, I would not do this, because in my opinion Bitcoin is the most stable cryptocurrency at the moment, which will grow.

[Azura.Nguyen]

It depend on what is happening in the market at a given point in time! Bitcoin is widely accepted to be the barometer for measuring how  well cryptocurrency market is doing! If there are bullish sentiment in the market, I will definitely hold my portion of bitcoin for trading.