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    [Daily Discussion] - Saturday, May 01, 2021 Bitcoin Markets

    [Daily Discussion] - Saturday, May 01, 2021 Bitcoin Markets


    [Daily Discussion] - Saturday, May 01, 2021

    Posted: 30 Apr 2021 09:00 PM PDT

    Thread topics include, but are not limited to:

    • General discussion related to the day's events
    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

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    • Do not make posts outside of the daily thread for the topics mentioned above.

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    [Altcoin Discussion] - May 2021

    Posted: 30 Apr 2021 09:00 PM PDT

    Thread topics include, but are not limited to:

    • Discussion related to recent events
    • Technical analysis, trading ideas & strategies
    • General questions about altcoins

    Thread guidelines:

    • Be excellent to each other.
    • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
    • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
    • No discussion about specific ICOs. Established coins only.

    If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

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    Bitcoin Trading or Converting?

    Posted: 30 Apr 2021 10:59 AM PDT

    I am new to bitcoin, obviously. I have setup a coinbase account. Have done several of the reward items. Have currently got $11 usd in BTC, and various others of the free coins they give for watching videos and such. I have moved a few of the coins from what they was given to me in, over to BTC. But what I'm not sure on. If say I have a value of $10 in BTC, and it is at $57k right now. And I trade that to another coin, for example Litecoin. It is currently at $267. So now my litecoins, are still valued at $10 right? If say BTC was to drop to $52k, I could then trade the $10 of litecoins, back into BTC, which is now at $52k. Then when it goes back up, my $10 is now gaining value? Am I understanding this correctly? Basically, can move them from one coin, to another, rising and falling, and hopefully use market to increase the value? What I'm just trying to avoid is going from USD cash to Crypto and back and forth. Please someone tell me if I'm understanding correctly or just completely lost with it all!

    submitted by /u/onezero1010101
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