Post
Topic
Board Trading Discussion
Re: Altcoin Trading
by
badaovodich
on 18/07/2018, 07:59:14 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! 
I know it can be confusing to start trading with bitcoin, but your example was correct, however when you invest bitcoin we need to look at the earnings in bitcoin, so investing 1 BTC in an alt and then getting 1.2 BTC means you multiplied your holdings even if the price of bitcoin went down, I know that many care more about the price in dollars and there is nothing wrong with that but if you invest bitcoin the most important thing are your bitcoin profits.
You invest very well when take Bitcoin to buy Altcoins and take a profit.
If you see Bitcoin is going down, you should transfer to usdt immediately to avoid losing money.