Trading BTC / ETH and selected alts

[elisabetheva]

Your decision to trade BTC and ETH seems good actually but you need to study first the current market trend before buying, the same as you do on altcoins. We don't need to rush because we saw people are making good money from trading, it is important for us to be more prepared and enough for us to sustain, not to panic when the market suddenly fall.

all back to indivindu itself also what will be done and that's the correct opinion of the colleague above. whether you want to trade ethereum / altcoin or bitcoin all of course you need the right analysis before moving on to the decision what will determine what you will do. because it takes patience in analyzing well, especially when it comes to executing the action. You must be able to reduce panic because panic can make what you do wrong. It takes trust and a sense that what we are doing is right, even if something goes wrong, we must accept it as learning for the future so as not to repeat it.

[Shasha80]

All trading strategies have their respective strengths and weaknesses, so the shuffle strategy that you do with some coins can be very good,
if you can really analyze the market well. So whatever trading strategy you want to do, just try it. Don't be too dependent on other people's
opinions, because other people's opinions are not necessarily right. So my advice when you trade crypto do your own analysis before deciding
what steps you want to take. For me it's safer and easier to understand if I trade with fiat or stable coins pairing.

[alfredlachance]

In an eth-btc pair, what would be the end goal more btc at the end of the trade of more eth? I can’t ever decide too. what are exchanges that have decent amount of ETH-BTC volume?

[plemechton]

In an eth-btc pair, what would be the end goal more btc at the end of the trade of more eth? I can’t ever decide too. what are exchanges that have decent amount of ETH-BTC volume?

We can’t decide whether it’s rational to hodl Bitcoin forever, but we can trade BTC-ETH every minute and make profit from it. Im sure you are very busy person too so its impossible for you to trade every minute so i recommend you to trade that pair at KuCoin trading Bot. it brought me some profit!  

[maxig.boroday]

In an eth-btc pair, what would be the end goal more btc at the end of the trade of more eth? I can’t ever decide too. what are exchanges that have decent amount of ETH-BTC volume?

We can’t decide whether it’s rational to hodl Bitcoin forever, but we can trade BTC-ETH every minute and make profit from it. Im sure you are very busy person too so its impossible for you to trade every minute so i recommend you to trade that pair at KuCoin trading Bot. it brought me some profit!  

Holding $BTC imo is a good thing in my opinion as we all know how large corporations and famous people were getting into it and buying even millions of bitcoin You can also see how Bitcoin ecosystem and price are both growing year by year because of the adoptions that it is having which means that this will turn into a much larger thing on the future.

You are also talking about shorting BTC to earn from its volatility and I think its a good one if you arent planning on holding it for a long term but if you will be trading your btc, you should do it with   BTC-USDT pair as sudden fluctuations can also occur on Ethereum will might make your trade nonsense.

[darewaller]

Holding $BTC imo is a good thing in my opinion as we all know how large corporations and famous people were getting into it and buying even millions of bitcoin You can also see how Bitcoin ecosystem and price are both growing year by year because of the adoptions that it is having which means that this will turn into a much larger thing on the future.

You are also talking about shorting BTC to earn from its volatility and I think its a good one if you arent planning on holding it for a long term but if you will be trading your btc, you should do it with   BTC-USDT pair as sudden fluctuations can also occur on Ethereum will might make your trade nonsense.

"Millions of bitcoin" could be a bit wrong thinking, considering even grayscale which is famously the biggest holder of bitcoin aside from satoshi himself, only has half a million bitcoins. We literally have 21 million bitcoins available when all of it is mined, now a bit over 18 million, if someone had "millions of bitcoin" you would know about it. However rest of the logic is true, there are too many celebrities, famous business people, companies, banks and many other buyers of bitcoin in the recent 1 year.

When the fiat world fails you and me, it fails those big names as well, it became such an obvious thing to not hold fiat anymore that even if you were profiting from some stock you bought, the fiat could be devaluing even faster than that, whereas bitcoin gets more and more valuable each day, so at the end of the day we are talking about something much better in logic, hence everyone is getting involved.

[Joyawan13]

Hi, I was thinking of trading between BTC, ETH and maybe a few others such as DOT and ADA but the fact that most traders trade between BTC / USDT or ETH / USDT etc suggests that it's probably a dumb idea that will cost me money. The fact that I need to ask this question probably suggests I shouldn't try it but it seems to me that they go up and down in spurts.

For example ETH has just had a bit of a pump whilst Bitcoin is has been up and down so I've traded some ETH for BTC hoping that I can catch a raise from BTC whilst avoiding any potential correction on ETH. I was wondering if this kind of strategy is something that many people have tried and had much success with or had any bad experiences with?

everyone has their own strategy and way of trading, the core and desire of us all are of course to be able to benefit from the trades we do, so whatever our strategy is to make trades, the most important thing is that we can be comfortable and can benefit from the trades that have been we do, in trading, of course someone certainly has good or bad experiences, but we should not hesitate or give up when we experience a bad trading strategy, keep trying and trying until we can do trading strategies well and can make big profits .

[OcTradism]

BTC is the king of cryto market and it affects price of other altcoins and tokens.
EThereum (ETH) is the Queen of ERC20 tokens so it does affect price of ERC20 tokens.

You have to observe the changes of BTC when you want to trade ETH and other altcoins. And if you want to trade ERC20 tokens, you must observer the changes of ETH price.

[worle1bm]

Hi, I was thinking of trading between BTC, ETH and maybe a few others such as DOT and ADA but the fact that most traders trade between BTC / USDT or ETH / USDT etc suggests that it's probably a dumb idea that will cost me money. The fact that I need to ask this question probably suggests I shouldn't try it but it seems to me that they go up and down in spurts.

For example ETH has just had a bit of a pump whilst Bitcoin is has been up and down so I've traded some ETH for BTC hoping that I can catch a raise from BTC whilst avoiding any potential correction on ETH. I was wondering if this kind of strategy is something that many people have tried and had much success with or had any bad experiences with?

See if you are looking for alternative for btc and Ethereum and don't want to get into deeper research than I would suggest you invest In stablecoins as demand for them is risng day by day.When other cryptos are struggling to rise the stablecoins have been surging since the market downturn in mid-March and tether (USDT) is capturing more than 70% of BTC trades today.Market valuation of eight different stablecoins combined is well over $7 billion.


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They provide more liquidity in the market and are easy to sell and its good alternative if you want to shift to some good and potential coins in case but stay focused more on btc and ETH as prices will tend to rise shortly and profits will land in your bucket at that time.

[Nice-Block]

Hi, I was thinking of trading between BTC, ETH and maybe a few others such as DOT and ADA but the fact that most traders trade between BTC / USDT or ETH / USDT etc suggests that it's probably a dumb idea that will cost me money. The fact that I need to ask this question probably suggests I shouldn't try it but it seems to me that they go up and down in spurts.

For example ETH has just had a bit of a pump whilst Bitcoin is has been up and down so I've traded some ETH for BTC hoping that I can catch a raise from BTC whilst avoiding any potential correction on ETH. I was wondering if this kind of strategy is something that many people have tried and had much success with or had any bad experiences with?

If you're a hard trader or a daily trader I suggest you try grid trading bot. The alts you've mentioned have a great volume in every top tier crypto exchanges like KuCoin,Binance etc.

Also trading via grid trading bot is very easy now, you just have to set your bot on a good entry price and your money will be fine.

Btw here's the link if you wanna see how good the volume is for most of coins/tokens on KuCoin especially BTC & ETH:
BTC-USDT: https://trade.kucoin.com/BTC-USDT
ETH-USDT: https://trade.kucoin.com/ETH-USDT

That's right, if you try this grid trading bot you say over kucoin, you really need to start with a good entry point, and that is actually a must so that you can avoid losing your bot completely.

Honestly, I tried using it with BTC, and with perseverance and proper timing in the market, I made a profit. I can also say that I am more flexible in this way of trading.

[santiPOGI]

So your idea is to buy the bounce back up after eth drops?

Itll work as long as you don't sell the coins and the coin value actually rebounds/you don't put too much into it. A good place to start would be looking at a longer Timeframe and seeing where it's bounced and seen support in the past and attempt to trade based on that if you can.

(although you're risking the times it won't work and hoping that isn't yet - still something to test with a few %).

Yeah, I'm just thinking to shuffle my portfolio around a bit so if Bitcoin and ETH pump but DOT doesn't I would switch some BTC or ETH to DOT which I would then hold until DOT pumps and look to trade it for whichever coin hasn't just pumped. I'd try to do the opposite with coins that have just dumped.

Meaning, you are planning to apply " Don't put your eggs in one basket " am I right?
I don't see any problem with the things you are planning now, it is actually good idea, Because for me
for what I did now is also trading with different altcoins in different exchange site platform.

[SirLancelot]

I was thinking of trading between BTC, ETH and maybe a few others such as DOT and ADA but the fact that most traders trade between BTC / USDT or ETH / USDT etc suggests that it's probably a dumb idea that will cost me money. The fact that I need to ask this question probably suggests I shouldn't try it but it seems to me that they go up and down in spurts.

First of all there are thousands of altcoins in the market, and why you think about the third scenario which based on what’s happening, because you have been checking the top listed cryptocurrencies which most of them correlates with Bitcoin and ethereum and every move of them is likely to show on them as well.

There are so many other coins in the market that if you checked them you will see that they are falling when Bitcoin is going up, and these coins don’t correlate with Bitcoin, when Bitcoin is going up investors sell them to invest that money in Bitcoin. Even the coins that correlates with Bitcoin, this year they didn’t make much move as Bitcoin did.

Some experts are emphasizing about zero diversification in crypto space as bitcoin alone enough for all of us hence we do not need to risk by trading/investing into altcoins.

[lepbagong]

So your idea is to buy the bounce back up after eth drops?

Itll work as long as you don't sell the coins and the coin value actually rebounds/you don't put too much into it. A good place to start would be looking at a longer Timeframe and seeing where it's bounced and seen support in the past and attempt to trade based on that if you can.

(although you're risking the times it won't work and hoping that isn't yet - still something to test with a few %).

Yeah, I'm just thinking to shuffle my portfolio around a bit so if Bitcoin and ETH pump but DOT doesn't I would switch some BTC or ETH to DOT which I would then hold until DOT pumps and look to trade it for whichever coin hasn't just pumped. I'd try to do the opposite with coins that have just dumped.

Meaning, you are planning to apply " Don't put your eggs in one basket " am I right?
I don't see any problem with the things you are planning now, it is actually good idea, Because for me
for what I did now is also trading with different altcoins in different exchange site platform.

actually whatever planning we think is good we should carry out because all decisions are up to each of us. others only give advice whether we want to use and not returned to us.

for me the alternative to holding multiple altcoins is a wise move even though you might say on a different platform. there is no problem to achieve a little but our main goal is to get the profit achieved. we get paid to do that.

once again the decision is yours and whether you can apply it or not, it doesn't matter.

[bitgolden]

actually whatever planning we think is good we should carry out because all decisions are up to each of us. others only give advice whether we want to use and not returned to us.

for me the alternative to holding multiple altcoins is a wise move even though you might say on a different platform. there is no problem to achieve a little but our main goal is to get the profit achieved. we get paid to do that.

once again the decision is yours and whether you can apply it or not, it doesn't matter.

Advises are important in the sense that you have more information to pick from, you could agree with them or disagree with them but it is important to hear what other people say. After you talk with people you realize some of them are smart and know what they are doing, and some of them are wrong and have no idea what they are doing, in that case I end up just ignoring the useless ones but at least get a feeling of what kind of people are in crypto because even those useless and bad advice givers are usually in crypto and that matters a lot, they do buy and sell just like everyone else, so you need to know what they are doing and how they are losing money in order to realize you should not become like one of them.

The good ones are great but you can't do everything they say, so you lay out some of the best ones, cross check them and basically build something good of your own with them.

[agustina2]

actually whatever planning we think is good we should carry out because all decisions are up to each of us.

Trial and Test. No pain No gain.

There is no strategy that didn't go through a trial run. We should set it by ourselves or if we want to copy strategies from experienced ones, then study those and not just follow without pointing its fundamentals. But I rather have my own instead of relying on others. Feels like an achievement for me whenever I won on my own strategy.

[kram31]

So your idea is to buy the bounce back up after eth drops?

Itll work as long as you don't sell the coins and the coin value actually rebounds/you don't put too much into it. A good place to start would be looking at a longer Timeframe and seeing where it's bounced and seen support in the past and attempt to trade based on that if you can.

(although you're risking the times it won't work and hoping that isn't yet - still something to test with a few %).

Yeah, I'm just thinking to shuffle my portfolio around a bit so if Bitcoin and ETH pump but DOT doesn't I would switch some BTC or ETH to DOT which I would then hold until DOT pumps and look to trade it for whichever coin hasn't just pumped. I'd try to do the opposite with coins that have just dumped.

Your plan is quite good dude, and I don't see any bad about it as well. I think your not the only one doing that things.
Because even me I am also doing that only our difference is the coin we bought in the exchange site platform.
But of course, it is still important that we earned in the end.

[rokon1234]

Cryptocurrency coins are always up and down and no one can give accurate information about the cryptocurrency market.So in my opinion if you can analyze the cryptocurrency market then you should use your own trading strategy.Because if you trade on your own analysis, you can take your own steps at any time.So I think trading on one's own analysis without making other people's decisions.

[Hippocrypto]

I couldn't think of trading back to selected alts I got wave back 3 years ago. There's no good signs for now of an altcoins glory because bitcoin and eth was only showing great performance at the start of the year up to present. However, only whales that has enough capital to gamble with this latest trend of cryptocurrency; and believed that only emotions will follow. Profits will come our ways as soon as the demand hits the reality.

[beerlover]

I couldn't think of trading back to selected alts I got wave back 3 years ago. There's no good signs for now of an altcoins glory because bitcoin and eth was only showing great performance at the start of the year up to present. However, only whales that has enough capital to gamble with this latest trend of cryptocurrency; and believed that only emotions will follow. Profits will come our ways as soon as the demand hits the reality.

I believe trading with usdt and btc and eth and anything else you want is fine, so you should not worry about it. It is not only whales that make money, we do make money with them as well. Of course someone who invested 1 million dollars in 2020 march when it was 4-4.5k and made 10x right now would have 10 million dollars, whereas someone who invested 100 dollars would have 1000 dollars, it all depends on how much you invest so you may think that we are not making money, but think about it this way, if you didn't invested in bitcoin you wouldn't have that 900 dollars neither, hence it should always be seen as something great.

All the above, crypto is a way to make money but also a way to get rid of all the fiat world BS as well, whales are luckier there, here we all make the same amount of % when we are holding so you should definitely be happy about it.