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Beginners & Help / Re: can somebody please help me ? how to make profits, if btc go up ?
« on: May 21, 2017, 09:48:15 PM »
hi magictrade,
do not worry this is the nature of the Bitcoin versus Altcoins and Fiat
When the price of BTC (XBT) rises then Fiat and Alts lower in price
The Amounts You have on Your balances remain the same, the value of the alts decreases.
This is a good thing as that is why we trade.
but whatif I am holding bags (balances in altcoins) ?
You can: - sell as soon as possible while still break even or minimum loss
- wait till prices rise again
- lend out the alt for %
- arbitrage hop to other markets like ETH XMR USDT
- buy more alts and see it as an opportunity to be able to buy more for less of the
coin you believe will rise again after the dust has settled and
people stop panicking
do not worry this is the nature of the Bitcoin versus Altcoins and Fiat
When the price of BTC (XBT) rises then Fiat and Alts lower in price
The Amounts You have on Your balances remain the same, the value of the alts decreases.
This is a good thing as that is why we trade.
but whatif I am holding bags (balances in altcoins) ?
You can: - sell as soon as possible while still break even or minimum loss
- wait till prices rise again
- lend out the alt for %
- arbitrage hop to other markets like ETH XMR USDT
- buy more alts and see it as an opportunity to be able to buy more for less of the
coin you believe will rise again after the dust has settled and
people stop panicking