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bitkanu
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January 05, 2020, 01:49:00 PM |
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We all always seek profits in cryptocurrency trading, if the price of bitcoin soars, will you sell it to buy fiat or altcoin? If you buy altcoin, what is the altcoin that you will buy?
I think it would depend on the situation, if ever altcoin is on a good condition and price, I would prefer buying some of it. I would find good altcoins that has the potential of being successful in the future. If ever altcoin is not in a good condition or it is very difficult to find a good one to invest with, I would convert some of my earnings to fiat, not all of it, cause I would rather hold it still on bitcoin and wait till it goes high again. In terms of altcoin, Eth would definitely be the one I'll buy cause I know its potential. No strategy is perfect and what I do not like from that strategy is that you are risking you capital in coins which we do not know if they will be successful, it is true that you can obtain more profits with altcoins but you can also get greater losses and the chances you obtain more losses are higher, so it is better to take the safest approach and just buy bitcoin and keep holding it for as long as you can as most likely the bull run will come in 2021. Ah even if you are investing your money on bitcoin and you still have a chance to get lose caused by the volatility of the market Remember when you are wanna get the decent profit and you must put your capital into the risk. There is no place that is free from the risk when you are facing the cryptomarket which is really volatile. |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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alan2here
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January 06, 2020, 08:58:26 AM |
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We all always seek profits in cryptocurrency trading, if the price of bitcoin soars, will you sell it to buy fiat or altcoin? If you buy altcoin, what is the altcoin that you will buy?
I think it would depend on the situation, if ever altcoin is on a good condition and price, I would prefer buying some of it. I would find good altcoins that has the potential of being successful in the future. If ever altcoin is not in a good condition or it is very difficult to find a good one to invest with, I would convert some of my earnings to fiat, not all of it, cause I would rather hold it still on bitcoin and wait till it goes high again. In terms of altcoin, Eth would definitely be the one I'll buy cause I know its potential. You should make your own decisions when investing because until now crypto market is still very difficult to predict and altcoin is the riskiest investment in this period. However, I believe that this year will be different and the need to invest in altcoins will tend to increase many times, so consider some of the coins you consider to be the best. Currently, I have selected a lot of good coins for this period and will buy at different stages until profitable because I am sure the altcoin season will probably happen this year and you should be patient during this important time. |
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YinShuiSiYuan
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January 06, 2020, 03:03:24 PM |
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if for now I will buy xrp and eos because both of these coins are in a bullish trend and also xrp has a good FA analysis in 2020
Of course, surprises can still happen, but we're in a period of stabilization, so exchanging BTC with anything else at the moment is not a good idea. When it comes to XRP, it's the worst idea you can suggest unless someone is a trader and not a long-term investor. |
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jarhed
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January 06, 2020, 07:45:25 PM |
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if for now I will buy xrp and eos because both of these coins are in a bullish trend and also xrp has a good FA analysis in 2020
I would add eth and trx to this list, also two very promising coins, as well as optionally you can add litecoin to the list. |
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sniveling
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January 07, 2020, 07:23:22 PM |
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There's obviously no need to buy a fiat now, as I think you can keep both Bitcoin and alts in such a market, everyone has to choose.
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pajak666
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January 08, 2020, 10:49:23 AM |
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If you are a crypto fan and longing it as a concept then it only really makes sense to trade altcoins and leverage your crypto position as a whole. If you are here just to make quick money and abandon the ship asap then obviously fiat would be your choice. Also it is better to quote in fiat when trend is bearish and market cap is falling.
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Yurkov
Sr. Member
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Activity: 1463
Merit: 265
Pepemo.vip
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January 08, 2020, 10:54:05 AM |
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if for now I will buy xrp and eos because both of these coins are in a bullish trend and also xrp has a good FA analysis in 2020
I'm not sure where you got the analysis for XRP and where the information about being bullish is, because when I look at the charts, I see most of the alt prices in green and XRP in red. Recently, information about XRP delisting has also appeared. I think that if you want replace the BTC, it's only for ETH. |
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pealr12
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January 08, 2020, 10:55:29 AM |
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It should be like this sell your altcoins then use your profit together with your fiat to buy bitcoin while its starting to heat up. Everybodys eyes is at bitcoin right now, you must go with the flow. Bitcoin first before altcoins.
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lienfaye
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January 08, 2020, 11:00:51 AM |
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It should be like this sell your altcoins then use your profit together with your fiat to buy bitcoin while its starting to heat up. Everybodys eyes is at bitcoin right now, you must go with the flow. Bitcoin first before altcoins.
I agree, many investors are switching to bitcoin because of the halving that will happen in few months. But for me I wont sell my altcoins to buy btc instead I will use fiat to buy additional btc. It seems market is getting better and some alts are also showing improvement so there's no need to give up any of the two, hold your btc and alts and wait further. |
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BuNga_cute
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January 08, 2020, 11:09:44 AM |
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Of course if the price of bitcoin rises, I will sell it to take profit. And the bitcoin that I sell will be bought some
altcoins. And the most important thing when selling bitcoin, don't sell it all. Just sell 50%, the rest I will hold
to keep if bitcoin prices continue to rise again. For altcoins I will buy one that has good potential and also has
a high volume. Like ETH, LTC, XRP and BNB.
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drachman
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January 10, 2020, 04:22:46 AM |
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We all always seek profits in cryptocurrency trading, if the price of bitcoin soars, will you sell it to buy fiat or altcoin? If you buy altcoin, what is the altcoin that you will buy?
I think it would depend on the situation, if ever altcoin is on a good condition and price, I would prefer buying some of it. I would find good altcoins that has the potential of being successful in the future. If ever altcoin is not in a good condition or it is very difficult to find a good one to invest with, I would convert some of my earnings to fiat, not all of it, cause I would rather hold it still on bitcoin and wait till it goes high again. In terms of altcoin, Eth would definitely be the one I'll buy cause I know its potential. No strategy is perfect and what I do not like from that strategy is that you are risking you capital in coins which we do not know if they will be successful, it is true that you can obtain more profits with altcoins but you can also get greater losses and the chances you obtain more losses are higher, so it is better to take the safest approach and just buy bitcoin and keep holding it for as long as you can as most likely the bull run will come in 2021. Ah even if you are investing your money on bitcoin and you still have a chance to get lose caused by the volatility of the market Remember when you are wanna get the decent profit and you must put your capital into the risk. There is no place that is free from the risk when you are facing the cryptomarket which is really volatile. Of course, all investments have some risk, but the risk that you are taking by investing in bitcoin is many times smaller than the risk you are taking if you invest in altcoins, even good altcoins are not giving profits at the moment and that is a problem, because if even the good altcoins give no profits what can you expect from coins that are not as good or that are relatively new, so when I take everything into account bitcoin is by far the superior coin to invest in the market. |
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peter0425
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January 10, 2020, 05:54:28 AM |
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We all always seek profits in cryptocurrency trading, if the price of bitcoin soars, will you sell it to buy fiat or altcoin? If you buy altcoin, what is the altcoin that you will buy?
depends on the situation,just like this year i sold some bitcoin when the market goes high and bought altcoins to wait for halving. this has been my strategy for years regarding my investments because i can afford to wait longer so even if my short term trading fail?i will wait longer. |
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jarhed
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January 10, 2020, 05:33:59 PM |
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I think it's better not to sell Bitcoin on such a market, it's better to keep it, as well as to find funds to invest in several promising alts.
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nakata121
Member
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Activity: 574
Merit: 14
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January 10, 2020, 08:11:22 PM |
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I think it's better not to sell Bitcoin on such a market, it's better to keep it, as well as to find funds to invest in several promising alts.
Storing bitcoin is good for long-term investment but if we have a few funds, of course it's better to invest in altcoin in my opinion, for example, if we have $4000, of course we can only buy half of the current bitcoin price, but if we have these funds buy altcoin like eth or ltc, of course we will get some eth or ltc and if bitcoin and altcoin increase prices by about 10% on the market, of course if we calculate the profit we get from altcoin will be greater than the profit we can get from btc. This is just my opinion.  |
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CoinBitCoinMoney
Newbie
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Activity: 10
Merit: 0
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January 10, 2020, 08:31:41 PM |
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We all always seek profits in cryptocurrency trading, if the price of bitcoin soars, will you sell it to buy fiat or altcoin? If you buy altcoin, what is the altcoin that you will buy?
This depends on how the market is. The only fiat that is profitable to buy is dollar because you can convert cryptocurrencies to dollar at a very low charges on exchanges. So, it is like converting to cryptocurrency. During bull run, people buy altcoins, that is why altcoin price increase could be double of bitcoin, so it is good to convert from bitcoin to altcoin at the time. If bearish market begin, people convert back to bitcoin, this is why the price of bitcoin do not decrease like that of altcoin in bearish market because people demand for it. During bearish market, some people just convert their money to dollar as I said in the beginning and buy again when the price is low. Aside dollars, I can not advise someone to convert to any other currency except exchanges support the currency and if the currency value is not much decrease like some countries money. |
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jarhed
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January 11, 2020, 06:40:41 PM |
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If you sell Bitcoin, you should buy top alts, personally I would invest in ether, bnb, trx, ltc and eos. That's my personal opinion.
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Arkann
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January 11, 2020, 06:50:30 PM |
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We all always seek profits in cryptocurrency trading, if the price of bitcoin soars, will you sell it to buy fiat or altcoin? If you buy altcoin, what is the altcoin that you will buy?
depends on the situation,just like this year i sold some bitcoin when the market goes high and bought altcoins to wait for halving. this has been my strategy for years regarding my investments because i can afford to wait longer so even if my short term trading fail?i will wait longer. I apologize, but it seems to me that the cryptocurrency market is very unstable with respect to Bitcoin and altcoin as well. I would not sell bitcoin in order to wait out price drops by investing these funds in altcoin. To date, I use only stable cryptocurrencies in order to wait out the cryptocurrency market decline. |
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WannaCry
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January 12, 2020, 10:34:39 AM |
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for the time being, just hold bitcoin, once the market becomes stable and the bitcoin price is at 10k usd then sell some to change to altcoin and fiat. i think it's better like that
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JahriMeayer
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January 12, 2020, 04:40:01 PM |
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I will buy altcoin and because btc if it has entered a bullish trend I will buy BNB, XRP, LINK for the long term in my opinion these three coins are good for long term investment because the project is good and is already running
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drachman
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January 15, 2020, 04:07:21 AM |
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If you sell Bitcoin, you should buy top alts, personally I would invest in ether, bnb, trx, ltc and eos. That's my personal opinion.
For years it was not a good idea to sell your bitcoin so you could buy altcoins but it seems that for the first time in a very long time altcoins are beginning to outgrow bitcoin, I do not know how long this tendency is going to last the only thing that I know is that it is what it's happening in the market right now and if possible you should take advantage of it while you can otherwise you could miss the opportunity to make some easy money in the markets. |
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