Ok, Im new to cryptocurrencies and markets in general. Ive invested in a few different alt coins and have got what may be a really stupid question and hope someone could clear it up for me.
Say youve invested $500 in bitcoin at the latest rate, and purchased an altcoin at a price which is very appealing. What happens if (over time obviously) Bitcoin deflates massively but the altcoin value rockets? How could you get what is effectively a handsome profit to a fiat currency without losing?
Thank in advance!
That's more than one question. Please condense...