If I buy alt-currencies and Bitcoin goes up, does that mean everything goes up or I lose out because I didn't have it in Bitcoin? I want to invest in bitcoin but also try to do more on exchanges. What do you suggest?
If I buy alt-currencies and Bitcoin goes up, does that mean everything goes up or I lose out because I didn't have it in Bitcoin? I want to invest in bitcoin but also try to do more on exchanges. What do you suggest?
I suggest not taking advice. :) Kidding aside, it's important to have your own strategies and explanations for them. I'm not giving out financial advice here because that could get me in trouble for other people's decisions.
Some argue there's an inverse relationship between bitcoin and altcoins. As one goes up, one goes down kind of thing. Lately, with all the hard fork drama around bitcoin and the unprecedented rise of altcoins, who knows what's going on. We may be in uncharted territory here.
I agree that things change at a dramatic pace lately. I welcome all suggestions and I'm reading 'Trading in the Zone' by Mike Douglas so I'm more chilled about everything. Don't worry!