Topic: Selling BTC for Alt Coins? - page 2. (Read 1156 times)

Before selling your Bitcoin investment which should be preferably part of your investment it should be that you have achieved your investment goals and objectives and while considering diversification investing on non Bitcoin related should be the best such as  real life investment such as selling commodities, lands etc. yeah it is good investing in different assets or commodities.

This isn't that much of a bad idea, I do agree that getting some alts is not bad, only if you know what you are doing. I mean selling your BTC to get ETH for example wouldn't be bad, but it wouldn't be that good neither, they would be quite close to each other, maybe one would go up a bit more than the other, and to be fair to ETH, there is a bit of bigger potential so lets say that it is smart to do something like that, and I can see that and it's fine.

However, lets assume that we are talking about something that would not be easy at all, it is going to be a bit of an issue that would take time, and for that we need to make sure that we are going to end up with a token or a coin that would be a lot higher potential, finding that is the hardest one.

For this you need to research the market well. Not all altcoins are the same and never sell bitcoins for altcoins. Altcoins are more likely to turn out to be shit coins and will never pay as good a profit as bitcoin. Selling altcoins can get less profit but Bitcoin always gives more profit.

More than diversification, they should believe in the long-term more than anything else, that's how it should be with bitcoin because that 5x return in 5 years with bitcoin isn't really that much and the total growth would be far more astounding than many of us would think, that's how I see this happening. I can get behind with selling your bitcoins for altcoins but I don't recommend selling it right now, 2k in bitcoin is already a lot of money so I'm not sure why would you want to sell now when the potential for price increase of bitcoin is just too damn high right now, it's wrong to do it and remember that there's always the altcoin season after a bitcoin bull run, that's probably the time that you should be considering this kind of thing.

Diversifying in other coins even after getting to your desired level in your Bitcoin investment and you feel the need of selling parts of your investment, diversifying in to other coins other than Bitcoin shouldn't be the best options, I will suggest you diversify in to something that is not related to Bitcoin such as selling commodities, lands, real estate and gold reason being that coin to coin might not really be necessary you also need to explore your investment in to another things that is not related to coins , it is just an option.

You mentioned the line "btc won't give you 5x return" that verily true from its current position although it already got 4x within a year. Well to generate max profit from your money, it is important to diversification. People always advise to holding Bitcoin but I don't see anything wrong if you sold some portion of Bitcoin and by potential altcoins from top. Cause these can give you 5-10x depends on their potentiality. So yeah,that could be your life changing step but don't buy shitcoins

This could be a good idea but you will need to be careful not to invest your fund in altcoins that are going to dip without much movement when the price of Bitcoin finally starts skyrocketing. It is very good for you to look for good projects that are very volatile because that is one of the ways you could make money from the market. This might not be a better decision if you use all your Bitcoin holdings to buy and accumulate altcoins whey you can split them so that you could earn from both side without any problem. Maybe you could just just 40% or 50% of your Bitcoin portfolio to invest in altcoins.

If you have already made some profits on your BTC you can use part of your profit to invest in altcoins, not bad is also a good move by diversifying and also observe another market apart from Bitcoin market.

It necessary you invest your money into a coin with remarkable performance and take into consideration;

The type of altcoins you want to invest in,

security and technology of such altcoins,

Liquidity of that altcoin market

competition involved.

Before you invest your money, to avoid future loses and regret. Investing in a stablecoin would yield great return for you overtime. Avoid risking your money into several altcoins without clue in this bull run be cautious, work according to your plan.

Since some altcoins are not yet pumping in the market, you can invest the half of the money on altcoins and save the remaining half in case BTC price dump you can invest again, and start waiting for the altcoins price to pump higher to earn from the investment.

Solana and Dogecoin is in a good position, to give you the kind of profit you are looking for in altcoins investment because the coins  price is still low in the market for you to buy and hodl because there are some positive sign that prove that their customers will going to earn well when altcoins bull season occur.

Never you allow anybody to deceive you, that BTC is not the best investment because you can see what is happening to those that market their BTC in the month of march and April and it helped them to achieve high profit from their investment, I will advise you to always include BTC in your investment.

In as much as we have our personal decision to make as regards to choose of coin or coins to buy, however for me it is not a good option selling your Bitcoin for altcoins looks like a short sighted approach and it doesn't make sense, Bitcoin has the best solid foundation when compared with other coins let alone the fact that the performance of other coins solely depends on Bitcoin, in as much as business or investment has its shares of gain and loss, Bitcoin has proven to be the best over time and it is less risky to invest in Bitcoin than other coins which has zero percent guarantee that is very unrealistic, but hey, you can do whatever you like.

     Well, at this point, it can be said if you are telling the truth, because for me, the only thing bitcoin can really reach from 40k is 5x up to 6x. So that means no matter how much capital you allocate for bitcoin, the maximum that your capital can repeat is only 6x.

     So if you are looking for a big profit, your solution in these scenarios is to use altcoins that are top-listed in the market. As long as you also know how to shop for potential altcoins, you can lose in the end if you make the mistake of holding altcoins.

Don't you think it'll be a wrong investments decision to sell your Bitcoin just before the halving happens, usually during Bitcoin halving, the price of Bitcoin use to pump therefore it'll be a wrong decision to sell Bitcoin for altcoins right now. You can do that after Bitcoin has gotten a new all time high that's very high to give you big profit. But still I won't sell all my Bitcoin to invest into altcoins as altcoin are more risky and very unpredictable than Bitcoin.

The best time to make profits from altcoins is after Bitcoin halving is over as many Bitcoin investors will begin to start selling their Bitcoin to invest in altcoins and you have to wait to confirm the narratives that money will be flowing into as not all altcoins will be receiving the money that's flowing out of Bitcoin to altcoins. Monitor whales wallets to see what altcoins they're investing into and follow them.

If your investment has already hit the profit mark then you should sell and check out any other best altcoins. Because we have not yet seen bullish excitement in the altcoins market. So if there is a bullish trend in the altcoins market in the future you will get good profit. Moreover the price of bitcoin has increased so much that dumping can happen at any time. But bitcoin is always the best investment but you need to have the skill to buy and sell at the right time to get good profit. If OP wants to make a quick profit then the best time is to have fun with some good altcoins.

Altcoin investment can be worse sometimes. In the last year, i have invested in a project where that project trapped me for the long term, and later on, i had to book the loss and leave the project. So altcoin can be really bad and it depends on your choice. Especially low cap coin can give you fortune and can break you at the same time if you stick with only one project. So it will be wise to diversify your portfolio with even a small amount of altcoin so that if one project goes bad, it won't affect you much.

Your points are not just valid and I would like you to know that for someone to have been investing in Bitcoin but later decided that he would divest it and invest in altcoins must come with valid reasons. The reason is often to make more money which I believe is wise. The situation we have in Bitcoin now could be discouraging to people, the price is high and it means that you can't gain more through it anymore. Imagine the person who divests his Bitcoin to invest in PEPE and FLOKI in February, such a person would not make less than 10 times his money, and I see this as wisdom.

See, committing our money to an asset is primarily for the money to be gained from it and not for the love of that asset. The moment you start attaching emotions to it means you are less of a good investor, it is wrong. We have to be smart in our crypto investment and make the money while we can. As for the scamming, that's if you want yourself to be scammed. You have to follow the due process, invest in the well-established coins/tokens and you will be fine. Also, considering the long-term investment, one can invest in their altcoins and divests at the right time, and reinvest back at a lower price, so no one is automatically losing here, even Bitcoin has its changes as well. It is all about calculation and smartness.

I'm more into bitcoin at the moment since its useless to go with other alts at current situation since we are not sure to earn and most likely we will just fall into those scams which is trying to bait those investors think that they can earn a lot of money on this bull run especially if there bought token will pump the same with bitcoin. But if they can't help their selves to decide with this so well then much better for them to keep their bitcoins and continue to accumulate when they have spare money or gain profit for other things they do and just grab new funds to use for altcoin investment so that he would not missed out some good opportunity in this bullish season and can able to test out their luck if they could able to earn on those altcoins.

Whether you sell BTC or keep it here is up to you. But I want to say if you keep investing in Bitcoin, you can make 5 times profit from here in future, you have to wait patiently for a long time. If you don't want to wait a long time then you can invest in altcoins in case you need to choose the top coins so that you don't lose your money. Investing in Ethereum, BNB, Solana, Dot these coins will be a good decision. Solana coin is performing very well and investing in this coin has the potential to increase in value by more than five times in the coming bull seasons. Ultimately though, the investment decision is yours.

I suggest splitting the funds, leaving half in BTC and investing the other half in ETH. Then, exchange tokens that have shown good performance over the last couple of months, such as BGB. After that, look for low-cap altcoins with impressive utilities like NAVI. This is just my opinion and not financial advice! Here's a sneak peek on NAVI.

The more mistakes one makes the more one learns. I don't know anyone who decides to sell bitcoins and invest in altcoins.  Bitcoin is a strong digital currency where long term investment has very less chance of loss but if one invests in altcoins then there is a high chance of loss and also the possibility of scams. so I don't know who is willing to take more risk with less risk. I myself would never sell bitcoins to invest in altcoins. and whoever does such a thing I think will be the biggest mistake of his life

You learn from mistakes and yes it is a bad idea to sell Bitcoin for altcoins. Bitcoin has always rebounded back and has always been the force driving the bull market. It is always advised to hold Bitcoin and not to sell it as it is more valuable than any other cryptocurrencies. Still, people forget the facts and invest in coins that won't have any value in the future. I think many members would have learned the value and potential of Bitcoin through this kind of mistake. Thanks for sharing your valuable experience with those who are still new to crypto.