Post
Topic
Board Trading Discussion
Re: Altcoin Trading
by
redsun114
on 18/07/2018, 07:47:13 UTC
I'm a little bit confused guys. For example The situation is you bought an altcoin for 1 btc, let's say 1btc=10,000. so you bought an altcoin and you gained a profit so your 1btc became 1.2btc and you sold iyour altcoin for 1.2btc, but the value of btc drops let's say 1btc=9,000.. that way you will lose right? but will you regain your money or profits if the value of btc comes back to 10,000 another day? and you will have the 1.2btc=12,000? is that right? thanks for your answers.

Sorry because I didn't deliver it fluently but for those who understand what I mean, can I ask your opinion? Thanks! 

if bitcoin price returns or bitcoin price goes up then you will get profit, if I trading I never sell my trading result, usually I sell if there is a need. I prefer to keep bitcoin out of money.
Less valuable coins will result in lesser profit as compared to that of more valuable of same quantity. Now Altcoin is less valuable than the Bitcoin, Ethereum and some other cryptocurrencies so its will produce lesser profit as compared to all the other cryptocurrencies.

You are a productive person if you spread all your savings in different sources of high life and profit so it also better to start with Altcoin as well.