Is it wise to sell Bitcoins for alternate coins during a Bitcoin boom? In my opinion, it only makes sense to trade Bitcoins when the price for Bitcoins is going down and alt-coins are unscientifically undervalued (look back 3 months to see the real value).
Red days for altcoins are a good time to hold onto your Bitcoins and don't trade them for random shitcoins (non-Steem) that are pure speculative moves. I wouldn't recommend day-trading Crypto Currency without a trading bot set to do the trading for you to skim the profits through the fluctuations.
I managed to make a small profit through the last Big red day, but it's all about positioning your bot to start trading at the bottom of the biggest dips of all time. That way the bot will maintain a good profit ratio because its not trading down a money-grubbing ditch.
What say you?
It really depends on your timing. I started off in the cryptocurrency space with a small purchase of BTC, 1/3 of which I swapped for ETH. By mid April my ETH was worth as much as my BTC so I foolishly (in hindsight) swapped the ETH into BTC. Since then ETH has doubled in price and BTC has also gone up dramatically, but not by the same amount. If only I'd kept my ETH!!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Word up. You knew about it before the big pumps. Now that Bitcoins aren't making $100 daily jumps, it's time to see which coins really hold their value. ETH deserves it #2 spot because it seems to have some purpose besides a medium of exchange. Me, I have no ETH. But ETH could be worth Bitcoin prices in a few years. ETH shouldn't be a shitcoin.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit