Do not trade Alts with BTC these days, You will just lose

[DashingAgent]

Do not trade Alts with BTC these days, You will just lose

I do not recommend to trade alts with btc these days otherwise you will be just loosing your money. As BTC hitting its ATH, the prices of alts are dumping even if it is BNB or any other coin whichever was stable in the last months. Just trade BTC/USD only.

[goaldigger]

Traders must know the risk of this one and we cannot tell them what to do even if we know the future of Bitcoin. Altcoins may not be active in the past days but I believe when bitcoin goes on a bull trend, altcoins will follow so trading with altcoins can still be profitable but yes make sure you have Bitcoin on your holdings.

[Johnyz]

BTC continues to go up and was able to hit the price of $14k, but buying it now might be too risky because we don’t know if bitcoin will go for more up trend or we will see another breakdown, this is why some are losing their money with bitcoin.

Top altcoins are also profitable, we should continue to diversify and hold many good coins/tokens as much as possible, we cannot just focus on BTC/USDT because we might miss some opportunity outside that.

[ice098]

We all knew that. We are bound to lose no matter how many wins you do, there will be a season that you will gonna lose. That's life, and that's how it works. If you are really a trader you are used to it, you cannot avoid that but you can sometimes minimise it, in order for you not to lose too much. We should learn how to manage our emotions.

[The Sceptical Chymist]

Ever hear of "buy low, sell high"?  What does that suggest about the altcoin market at the moment?  Seems to me that buying bitcoin as it's hitting its high for the year while neglecting altcoins which are getting pounded is a silly move.

You don't make money by buying things when they're at their high.  That's a sucker move, but it always happens in bull markets, whether it's crypto, stocks, whatever. 

I'm not really that into altcoins, though there are some good ones--but I'd say now would be a pretty smart time to be buying those good ones, i.e., while their price is relatively low.

[Mahanton]

Ever hear of "buy low, sell high"?  What does that suggest about the altcoin market at the moment?  Seems to me that buying bitcoin as it's hitting its high for the year while neglecting altcoins which are getting pounded is a silly move.

You don't make money by buying things when they're at their high.  That's a sucker move, but it always happens in bull markets, whether it's crypto, stocks, whatever. 

I'm not really that into altcoins, though there are some good ones--but I'd say now would be a pretty smart time to be buying those good ones, i.e., while their price is relatively low.

True. ! People are seeing on the other way around on when they do see reds then thats the time they do plan to avoid it without even having second thoughts that this is the best
time for them to get in because market will eventually make up some recovery after some price increase in the other side. Money will flow again into alts thats why
its ideal or a smart move on accumulating it while its cheap.Its just too dumb on considering on buying out when price is shooting up.
Buy low sell high is indeed a basic thing but really hard to be applied but on the basic concept then you can really realize on what are the indicators for the best time on making
up some purchases or making up a position.

[goinmerry]

I do not recommend to trade alts with btc these days otherwise you will be just loosing your money. As BTC hitting its ATH, the prices of alts are dumping even if it is BNB or any other coin whichever was stable in the last months. Just trade BTC/USD only.

Not all have bad hands in trading like you. If you lose just recently, then blame your strategy.

There are lots of times where BTC pumped but others can still profit trading altcoins.

Traders won't be called traders if they don't know how to deal with volatility.

[batang_bitcoin]

This always depends on the strategy of the trader. If he's okay doing BTC/Alt trade, he knows that it's better for him to do that. But if I'll be giving a suggestion, this is no time to use your bitcoin if you're trusting the pump will be in favor of bitcoin.
We're seeing the breaking of barriers for higher prices and this is an advantage if you use the spare money to trade than to use bitcoin.

[goinmerry]

Not a good recommendation. Traders are used to this BTC pump scene while the majority of altcoins are dumped. Why stopped trading altcoins if they can buy more these days.

It depends on the strategy of why traders lose and not because BTC is pumping.

This is actually supposed a usual and common scene and experienced traders already know what to do.

[Kelvinid]

I'll be buying potential altcoins today than Bitcoin. I don't think it was a loose end for me knowing that Bitcoin's price will surely keep its momentum forever. Dumps are still inevitable and that possible for Bitcoin to dump in the coming days making the altcoins surge high back again. I was not really hopeless about that, even I see Bitcoin is more profitable and preferred for trading but we need also to be more practical because not all the time that Bitcoin worth like the same thing with Altcoins.

As many say's, it depends on how we approach the market and work on our trades.

[GreatArkansas]

As Bitcoin Dominance continues to pump, yes you may right that altcoins may be hammered.
But speaking of trading, there are some altcoins that have futures market, where you can short them or selling high, then buying low, which you may get profits by that kind of trading, it is a short position.

[TGD]

As Bitcoin Dominance continues to pump, yes you may right that altcoins may be hammered.
But speaking of trading, there are some altcoins that have futures market, where you can short them or selling high, then buying low, which you may get profits by that kind of trading, it is a short position.

I believed Altcoin already suffered enough and the usual pattern of altcoin is to follow the flow of BTC once BTC price steady at some point. Future trading is a bit complicated and more risky compared on regular trading because it has a liquidation limit that will cause to loss of your asset unlike regular trading that you have a chance to recover if you hodl your asset.

The OP advice is good for those who open position when BTC price is low but for people who left by BTC train. Altcoin is the opportunity train for them to have a good profit. Right timing is the key.

[pooya87]

it is a good time to short altcoins though. they will have a lot of dumps.

Top altcoins are also profitable, we should continue to diversify and hold many good coins/tokens as much as possible, we cannot just focus on BTC/USDT because we might miss some opportunity outside that.

first of all no altcoin has ever been capable of performing half as good as bitcoin in long run let alone outperform it. so calling it "diversification" is just silly. it is even more silly when you see they get dumped whenever bitcoin rises so what you call "diversification" is actually increasing your losses.

secondly majority of altcoins don't have any kind of potential and all the rises you see are the pumping part of the pump and dump. if you look closely you will see the second part which is the dumping too.

by the way it is BTC/USD not USDT, tether is also another centralized altcoin that should be avoided.

[Peanutswar]

Even though the market price of the bitcoin is continuously increasing still I bought some of the altcoins like the BNB, XRP, and more because I saw the potential of this coin to increase because some of them are centralized still its better to have a different source of income, not just the bitcoin, there are a lot of people saying that when the bitcoin is increasing its not good to buy altcoins but still it depends on your knowledge because it's better to not become dependent on the knowledge of other people. Trade, buy, and sell at your own risk.

[Wulan_maniez]

This is not the only time BTC is pumping. This has often happened, even Bitcoin can reach ATH and altcoins are at the lower level.
For traders who already know the market situation, they already know which strategy to use and which altcoin to choose for their trade.

We should not be pessimistic when altcoins are below, there are still altcoins that provide profits and altcoins that follow the bitcoin trend.
Sometimes in hard times altcoins even there are still traders who can take advantage of situations like this and not a few of them can also take advantage when bitcoin is pump up.

[maydna]

If a trader can't manage his coin in the trading, he doesn't have to trade bitcoin and altcoin at the same time because he will hard to focus on one coin. Before you trade, you need to find out which coin has a good movement at the market, and since bitcoin price has a good move at the market, bitcoin can be our choice to trade. Bitcoin price now the time to be more volatile, and we really need to analyze deeper to find a good time to buy and sell bitcoin.

But if you think that you can trade the altcoin, and you see the chance to make a profit in bitcoin is available in the altcoin, then you can trade the altcoin pair bitcoin/usdt. But you need to be careful since that can make you confuse to get the time to trade.

[FanEagle]

As BTC hitting its ATH, the prices of alts are dumping even if it is BNB or any other coin whichever was stable in the last months.

This is not something new, we are experiencing for the first time; if you have enough experienced then this must be the right time to go for shorting altcoins against BTC; but unfortunately most exchanges are not supporting that kind of trading still you need to do it on your own like you may sell your altcoins stash and then need to buy back at lower price levels.

I believe when bitcoin goes on a bull trend, altcoins will follow so trading with altcoins can still be profitable but yes make sure you have Bitcoin on your holdings.

Yeah, it will take time for altcoins to follow bitcoin's trend but immediately when bitcoin is entering into bull mode, usually altcoins face downfall to maintain equivalent USD value. Yes, if you have enough BTCs then you may buy altcoins at its every support levels.

I'd say now would be a pretty smart time to be buying those good ones, i.e., while their price is relatively low.

This needs intensive analysis so that you can easily multiply your BTCs in comparatively more quicker time. I do buy reputed altcoins at every resistance levels of bitcoins; one simple trick I do follow to maximize my BTC holding.

[cryptomaniac_xxx]

I do not recommend to trade alts with btc these days otherwise you will be just loosing your money. As BTC hitting its ATH, the prices of alts are dumping even if it is BNB or any other coin whichever was stable in the last months. Just trade BTC/USD only.

Not all have bad hands in trading like you. If you lose just recently, then blame your strategy.

There are lots of times where BTC pumped but others can still profit trading altcoins.

Traders won't be called traders if they don't know how to deal with volatility.

I agree, you can still make profit trading altcoins, but you need to be very knowledgeable. And traders are willing to risk to trade alts with BTC, it's very calculated and the moment that it is no longer profitable then they will have to come up with another strategy, because that's how traders make money here, there are no one formula for everyone. You need to find out what works for you in the end.

[el kaka22]

I disagree, look at the past 24 hours and you can see that alts have gone up, which is the indicator that just because you think something may go down, doesn't mean that it will go down, it could very well go up as well and that is what I believe is happening right here as well.

It is not really a situation of "will alts go up or down" but more about you and I will never know what they are going to do so to react like we know is not really the correct thing to do. You should do that if you are a quick scalp day trader but when you are talking about general directions I feel that is usually not about what is going to happen in the next half an hour, it is usually at least a day or even a week which we can't possibly know. So, if you think highly of a coin and like it, ignore all the current situations and get involved, it will be eventually up one of these days anyway.

[Fatemablabla]

I don't think so. BTC hits 15k+. Also alts are pumping with btc. If you see the chart for last 2-3days you will se that alts us going up slowly with the support of BTC price. Especially some stabilised and old altcoins are enjoying the btc pump.