Will Altcoin's loss become Bitcoin's gain?

[Shasha80]

In my opinion, don't be too quick to move the altcoins we have into Bitcoin, because we think Bitcoin is more profitable. The price correction that
occurred in the altcoins is something that is very natural to happen, because it follows the price of Bitcoin dropping to a price of $ 32k. But if we
are patient, surely in the near future the price of altcoins will recover. We have to have confidence that the altcoins will rise soon.

Moreover, altcoins which are popular and have high volume are safe enough for HODL. In fact I'm planning to buy some more altcoins right now,
so when the altcoins pump price again, the profit I can make will double. Unless the altcoins you HODL are shitcoins, or altcoins outside the top 10,
you should indeed move them into Bitcoin.

[bvoriue]

Bitcoin is certainly the king of crypto assets and has the highest rating and highest volume.
However, if investors already have qualified trading skills, they will tend to target Altcoins. The reason is, investors can take advantage of the momentum of the ups and downs of Altcoin prices.
They buy Altcoins when they are down and then sell them when the price is high. They are able to see opportunities in Altcoin price movements that fluctuate rapidly and relatively quickly so that their profits can be maximized.
Do you think altcoins have lost?

[shoreno]

btc did increase a little so maybe its true that some of those altcoin users convert a handful of their coins unto btc and you said some alts are increasing too ? its also possible that they directly trade thier alt coins to xrp and xlm instead of trading them to btc . doge had pump last day because it was said to be shilled by influencial people and it wasnt wierd seeing it going down . that would be means that the shilling was over and now they are moving on to shill another new altcoins . thats altcoins can also be xlm and xrp

[vintages]

At that time, buying may pump the prince of bitcoin, but what's the need when they sell off their coins after the sudden gaining from bitcoin pump.

All this instability is not going for the right altcoin. Instead of jumping from one altcoin to another, isn't it best to maintain a hold on bitcoin? For years, it has proven it worth. Though, this does not means there isn't any better altcoins out there.

[Golftech]

btc did increase a little so maybe its true that some of those altcoin users convert a handful of their coins unto btc and you said some alts are increasing too ? its also possible that they directly trade thier alt coins to xrp and xlm instead of trading them to btc . doge had pump last day because it was said to be shilled by influencial people and it wasnt wierd seeing it going down . that would be means that the shilling was over and now they are moving on to shill another new altcoins . thats altcoins can also be xlm and xrp

You need to be more obsevant and avoid doing fomos, we all kew that this market is full of swing, one day you see good pump then the next thing would be an expected dump, if you do your research and you manage to observe how things works around this market, the chance of riding the right train is very possible and expect a good profits with the market.

[BrewMaster]

Not many traders will transfer their funds from altcoin to bitcoin or stable coin, and they still hold their altcoin until the price increases.

historical stats tell otherwise. each time bitcoin makes any move the altcoins get dumped right away which is showing that actually a lot of altcoin traders sell their altcoins at times like this. i don't know how it would affect bitcoin but we know that altcoins go down.

[posi]

Today the crypto market has behaved in a wierd manner wherein we have seen bloodbath for some altcoins like doge, trx and all wherein other altcoins like XLM and XRP has performed well.

That shouldn't be considered as a bloodbath because a bloodbath always affect every cryptocurrency in the market and it always happen after the success of the bullish market.

When the altcoin goes into red then the users usually transfers their funds from altcoin to either a stable coin or bitcoin. Since Bitcoin is in the verge of further pump users would prefer Bitcoin as the most suitable alternative for their funds, by this way it's bitcoin's gain isn't it?

Straight from the shoulder, we are in the season where Bitcoin trend determine what will happen in the market, I guess the institutions understand this very well which is the reason why they pump their investment mainly on Bitcoin. However, it usually takes sometime before altcoins follows the bullish trend but we are now in the season where altcoins will also experience the bullish expected.

At that time, buying may pump the prince of bitcoin, but what's the need when they sell off their coins after the sudden gaining from bitcoin pump.

All this instability is not going for the right altcoin. Instead of jumping from one altcoin to another, isn't it best to maintain a hold on bitcoin? For years, it has proven it worth. Though, this does not means there isn't any better altcoins out there.

The tips of making a secure investment in crypto are to go all in Bitcoin while some little portion is invested in altcoin because they are highly manipulated but it good to invest in altcoin despite the investment tips in other to make a good profit when it altcoin season

[Reatim]

Today the crypto market has behaved in a wierd manner wherein we have seen bloodbath for some altcoins like doge, trx and all wherein other altcoins like XLM and XRP has performed well.

I think this is normal because the Movement of Dogecoin and Tron in the past is really amazing ang reach the top again so dropping at this certain moment is normal.

When the altcoin goes into red then the users usually transfers their funds from altcoin to either a stable coin or bitcoin.

Nope that is what really intended and not a last resort , Altcoin investors are playing the game here , they tend to buy altcoins and when the pull out happens then they will send back the funds to BTC.

Since Bitcoin is in the verge of further pump users would prefer Bitcoin as the most suitable alternative for their funds, by this way it's bitcoin's gain isn't it?

We had already Break 35,000$ again now si for the 3rd time around we will try to take 40,000 to reach the 50k.

[RealMalatesta]

Bitcoin is certainly the king of crypto assets and has the highest rating and highest volume.
However, if investors already have qualified trading skills, they will tend to target Altcoins. The reason is, investors can take advantage of the momentum of the ups and downs of Altcoin prices.
They buy Altcoins when they are down and then sell them when the price is high. They are able to see opportunities in Altcoin price movements that fluctuate rapidly and relatively quickly so that their profits can be maximized.
Do you think altcoins have lost?

Getting better at crypto trading doesn't really mean you could go towards altcoins, you could do that of course and it all depends on personal preference but you could also stay in bitcoin but get to much riskier trading. Let's say you are a great trader and rarely ever lose money and make great trades on bitcoin, if you do not want to move to altcoins, you could basically just focus on going to margin trading and high leverages that way you would be capable of actually profiting a lot while still staying in bitcoin.

I am not saying this like an encouragement, because I have never traded in high leverages, tried leverage trading with small numbers for a while but it was just under a week and never liked it, so it is not a suggestion. All I am saying is that there are people who do things like that and that is why I was pointing towards, you could basically do this if you want to.

[bitterguy28]

Not many traders will transfer their funds from altcoin to bitcoin or stable coin, and they still hold their altcoin until the price increases. They think that if they sell their altcoin into bitcoin or stable coin, they will lose, and they will buy more amount, so they will have a chance to make a profit. They will figure out how they can have more bitcoin, especially if they have so many altcoins that can increase anytime.

Well they can hold but at least if they saw a chance in transferring in bitcoin , for sure that is what they gonna do.

We are all having our altcoin but admit it that we are also wanted to have Bitcoin though it is much higher than the amount of everything.,

[ethereumhunter]

historical stats tell otherwise. each time bitcoin makes any move the altcoins get dumped right away which is showing that actually a lot of altcoin traders sell their altcoins at times like this. i don't know how it would affect bitcoin but we know that altcoins go down.

Well, you are right. The altcoins go down every time bitcoin goes up. But not all altcoins will go down. We can see it is happening today wherein bitcoin moves to go up, and some altcoins can follow to go up. But yes, mostly, the altcoins will go down. If we can have the altcoin that can go up even bitcoin goes up, that will better for us because we still make a profit.

Well they can hold but at least if they saw a chance in transferring in bitcoin , for sure that is what they gonna do.

We are all having our altcoin but admit it that we are also wanted to have Bitcoin though it is much higher than the amount of everything.,

I guess they will do if they have the opportunity to convert it into bitcoin because bitcoin will give them more profit in the future. Bitcoin as the main investment will be necessary to have than the altcoin, but we need the altcoin to help us make more profit in bitcoin. I am sure we will have the chance to get profit in bitcoin in the next altcoin season.

[leea-1334]

Getting better at crypto trading doesn't really mean you could go towards altcoins, you could do that of course and it all depends on personal preference but you could also stay in bitcoin but get to much riskier trading. Let's say you are a great trader and rarely ever lose money and make great trades on bitcoin, if you do not want to move to altcoins, you could basically just focus on going to margin trading and high leverages that way you would be capable of actually profiting a lot while still staying in bitcoin.

I am not sure people really can get better at trading to be honest. You can always tweak strategies and learn more,,, but usually the emotional side and discipline is the most important thing to fix and people cannot really do much to change the way they act (risk attitudes for example).

That is usually what gets you in the end!

[milewilda]

Getting better at crypto trading doesn't really mean you could go towards altcoins, you could do that of course and it all depends on personal preference but you could also stay in bitcoin but get to much riskier trading. Let's say you are a great trader and rarely ever lose money and make great trades on bitcoin, if you do not want to move to altcoins, you could basically just focus on going to margin trading and high leverages that way you would be capable of actually profiting a lot while still staying in bitcoin.

I am not sure people really can get better at trading to be honest. You can always tweak strategies and learn more,,, but usually the emotional side and discipline is the most important thing to fix and people cannot really do much to change the way they act (risk attitudes for example).

That is usually what gets you in the end!

One of the most important factor that should really be focused one but to know that everything should be balanced, from analysis to good emotion handling.Trading do involve lots of trials and error
where you can really enhanced up your emotional control as you do get involved with trading as years or days passed by.This isnt something that can be attain on a short span of time.
On the question of Altcoin loss become bitcoins gain then its most of the time this had been the case where market do shifts out but doesnt mean that it do happen from time to time.
Dominance or market trend doesnt really correlate each time because there are times that only bitcoin is rising but altcoin didnt really have any significant movement or just moving
sideways.

[LUCKMCFLY]

Today the crypto market has behaved in a wierd manner wherein we have seen bloodbath for some altcoins like doge, trx and all wherein other altcoins like XLM and XRP has performed well. When the altcoin goes into red then the users usually transfers their funds from altcoin to either a stable coin or bitcoin. Since Bitcoin is in the verge of further pump users would prefer Bitcoin as the most suitable alternative for their funds, by this way it's bitcoin's gain isn't it?

It depends, because when the alts go down, they usually do when Bitcoin goes down in price, and if Bitcoin goes down in price, the alts go down in price too, the best safe haven is Bitcoin, stablecoins are mostly a mix and maybe if you choose to protect the value of money, there are falls in it.

As long as Bitcoin remains in a positive trend, somewhat bullish, it is the best season for the alts.

[Ridwan Fauzi]

I guess no, where did you get this data?

I think there will be many people who will move their money into stabil coin when the dump is coming. Also, I haven't seen an altcoin which is increase when bitcoin price fall, I never see it. All of them will increase if bitcoin price increase although just small increase.

Like has happened, point me an altcoin wich was increased when bitcoin price is decreasing? Especially the 20 top altcoin which is solely being pumped. Crypto currency price movement just in bitcoin, yeah that is the key. Bitcoin price fall then almost altcoin will fall as well.

[jaberwock]

When the altcoin goes into red then the users usually transfers their funds from altcoin to either a stable coin or bitcoin.

Nope that is what really intended and not a last resort , Altcoin investors are playing the game here , they tend to buy altcoins and when the pull out happens then they will send back the funds to BTC.

It is not really a bad thing to put your money into bitcoin or stablecoin (if you pick the right stablecoin, usdt is risky right now) and if you want to move to alts to make a profit here and there and go back that is fine, you do not have to keep alts all the time.

I like doge for example, I think it is a fun currency that could be used for fun stuff but the reality is that if we are in a situation where we could profit from it and go back to bitcoin I would prefer that for sure, why would I want to have a lot of dogecoin when I can have bitcoin? I don't think 1000 dollar worth of doge and 1000 dollar worth bitcoin are the same things. So in the end I understand people seeing big coins as the only ones they want to invest because I am like that too.

[wxa7115]

Not many traders will transfer their funds from altcoin to bitcoin or stable coin, and they still hold their altcoin until the price increases. They think that if they sell their altcoin into bitcoin or stable coin, they will lose, and they will buy more amount, so they will have a chance to make a profit. They will figure out how they can have more bitcoin, especially if they have so many altcoins that can increase anytime.

The main reason to invest in altcoins is to multiply your bitcoin holdings, after all even if you are holding bitcoin and its price in fiat goes up you still have the same amount of bitcoin, but if you buy altcoins and they begin to outperform bitcoin then not only you get more fiat you also get more bitcoin.

But this is a risky proposition as we know that altcoins can be many times more volatile than bitcoin and they can be easily manipulated by the whales and if you happen to make the wrong prediction not only you will lose fiat but bitcoin as well.

[barbara44]

The main reason to invest in altcoins is to multiply your bitcoin holdings, after all even if you are holding bitcoin and its price in fiat goes up you still have the same amount of bitcoin, but if you buy altcoins and they begin to outperform bitcoin then not only you get more fiat you also get more bitcoin.

But this is a risky proposition as we know that altcoins can be many times more volatile than bitcoin and they can be easily manipulated by the whales and if you happen to make the wrong prediction not only you will lose fiat but bitcoin as well.

I think that is the main selling point of many trading bots as well, there is a way to make more fiat as well if you want to, there are few bots that trade with usdt-pairs so that you could have a lot more usdt instead of bitcoin, but the fact is that there are btc-pairs and people basically buy trading bots so they could turn their bitcoins into more bitcoins because that is the true richness. If you only want to have more fiat, all you have to do is buy bitcoin and wait, eventually you will have a profit in bitcoin, that is not going to change anytime soon.

However if we are talking about bitcoin reaching to a point where you have 2x more bitcoins, that means not only you made a great deal of profit from having more bitcoins, but you have made profit from fiat increasing as well. Trading bots are focusing on that but I can't testify how great or horrible they are, I never really understood them properly.

[philipma1957]

Today the crypto market has behaved in a wierd manner wherein we have seen bloodbath for some altcoins like doge, trx and all wherein other altcoins like XLM and XRP has performed well. When the altcoin goes into red then the users usually transfers their funds from altcoin to either a stable coin or bitcoin. Since Bitcoin is in the verge of further pump users would prefer Bitcoin as the most suitable alternative for their funds, by this way it's bitcoin's gain isn't it?

no. the BTC dominance is very large.


BTC Cap          $702,365,327,536
Market Cap:  $1,162,854,357,317


so about 460,000,000,000 in all the other coins.

the bounce back from alts to BTC never helps a large amount since there is far less in the alts.

For BTC to whale it needs Gold's money

https://cointelegraph.com/news/bitcoin-has-actually-only-taken-2-of-gold-market-cap-new-data-suggests

if 98% of the money is gold
and 2% of the money is BTC


then a 10% shift from gold to BTC is big.

[KTChampions]

The main reason to invest in altcoins is to multiply your bitcoin holdings, after all even if you are holding bitcoin and its price in fiat goes up you still have the same amount of bitcoin, but if you buy altcoins and they begin to outperform bitcoin then not only you get more fiat you also get more bitcoin.

But this is a risky proposition as we know that altcoins can be many times more volatile than bitcoin and they can be easily manipulated by the whales and if you happen to make the wrong prediction not only you will lose fiat but bitcoin as well.

And altcoins have one unpleasant property - they never return to their ATH regarding bitcoin. Therefore, the entry and exit points should be chosen really carefully. In my opinion, a good way to multiply your bitcoins is to invest them in a casino. I follow several such topics here on the forum and I can say that it is profitable.