Post
Topic
Board Altcoin Discussion
Re: How to escape loss as an altcoin trader
by
South Park
on 07/04/2020, 19:54:52 UTC
I want to assume that there are few people, who make several profits from trading altcoins, but sell their profit to bitcoin, and then over time while holding bitcoin, it dumps and their profits dips alongside bitcoin.

Why not do it this way ?
Since you trade mostly in altcoins, as soon as your make your profits, sell them to stable coins or fiats, close that trade chapter.

If you are passionate about hodling bitcoin, always convert to usdt or other stable coins and be patient for a fair entry point. Because the market isn't running away

What do you think everyone ? is there a better pattern that can be practiced?

I am open to more suggestions.
There is no standard answer for this since everything will depend on how the market is moving at the moment, when altcoins begin to outperform bitcoin and we see a reversal of this pattern this could be for two different reasons, if the whole market is going down then the correct thing to do is to get stable coins, but if altcoins begin to go down only against bitcoin but they are still going up against fiat then that is the moment to get bitcoin so you can still keep getting profits and grow your capital.