Is it wise to trade Bitcoins for Alternate Coins?
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?
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