All of my friends have finally dumped all of their alts - page 3.

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: BillyBobZorton on November 04, 2017, 01:47:50 PM

I have been telling my (online, because I don't know anyone in real life that even knows what bitcoin is) friends to get rid of their altcoins, because sooner or later there would be a massive bull run to bitcoin that would last months. They never believed in what I had to say. "Bitcoin maximalist" they would accuse me off.

Recently, they finally dumped their alts, which they were holding in hopes of a pump to make more bitcoin with, and simply held BTC. They have dodged the massive alt crash that has brought up BTC back above %50 of the crypto marketcap dominance.

Im not saying all altcoins are shit, but most are. It seems finally reality is kicking in amongst noobs that thought they could get easily rich with altcoins, and they are finally going back to BTC.

OMG. I am glad I am not your friend. would be such a loss to sell my alts now and not few months ago when was expensive. I think your fiends just distributed some of their value to the more patient ones Tongue

Psynthax

hero member

Activity: 2366

Merit: 504

Honestly, to keep all of the amounts in the altcoins were not a good decision. But nice try for your friend. I was always buying in the dip to manage my loss. That means your friend already sold their altcoin portfolio in lost.
It seems 15 -16 November becomes the final result of the bitcoin bullish moment. I hold around 50% in bitcoin.

worldofcoins

sr. member

Activity: 1820

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Telegram: @worldofcoinss

Quote from: BillyBobZorton on November 04, 2017, 01:47:50 PM

I have been telling my (online, because I don't know anyone in real life that even knows what bitcoin is) friends to get rid of their altcoins, because sooner or later there would be a massive bull run to bitcoin that would last months. They never believed in what I had to say. "Bitcoin maximalist" they would accuse me off.

Recently, they finally dumped their alts, which they were holding in hopes of a pump to make more bitcoin with, and simply held BTC. They have dodged the massive alt crash that has brought up BTC back above %50 of the crypto marketcap dominance.

Im not saying all altcoins are shit, but most are. It seems finally reality is kicking in amongst noobs that thought they could get easily rich with altcoins, and they are finally going back to BTC.

You should not give that advice to be honest it can turn around a bite you where it hurts. Altcoins are going to play a big part in the cryptoworld. You can call most shit coins but there are some that are already changing the game. Never put all your eggs in one basket is the old saying

JaFa

newbie

Activity: 52

Merit: 0

Quote from: cryptocurry on November 04, 2017, 04:59:01 PM

You gave your friends "buy high sell low" advice? I think they'll regret it after the fork.

Bitcoin's bullrun might end even before the fork, if the "free money" isn't enough to justify not selling on the premium caused by the fork hype. The smart traders always seem to sell on the hype before an event, not wait for the actual event itself.

This is the time to be buying the good alts, not selling. It's too late to get in on this bitcoin push if you haven't already. As bitcoin's price continues to increase, so does its risk, and the profit to be made diminishes. Traders are already looking for the next big flip, and that will come from an altcoin. Which one is the question.

rainbow169

full member

Activity: 252

Merit: 100

Looks like a good call to leave alts a few days ago, but now is probably the time to go back gradually as the segwit2x fork coming. Bitcoin will be in a month of uncertainty and alts may have an opportunity to bounce back, the problem is which alts....

Plie

newbie

Activity: 24

Merit: 0

That is a really stupid move, because sooner or later the altcoins will recover when Bitcoin will step up on its crazy rise.

cryptocurry

newbie

Activity: 14

Merit: 0

You gave your friends "buy high sell low" advice? I think they'll regret it after the fork.

sweetbet

full member

Activity: 961

Merit: 110

SweetBet.com

After the BTC bull run is over and people get their free money from the fork, where do you think they will re-invest that money? Personally, I think they will put a lot of that money back into the alt market.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: dontknowwhy on November 04, 2017, 04:44:55 PM

your friends shouldn't be investing if they're going by your advise and not their own research

the joke is that even the own research will not be enough.....

dontknowwhy

jr. member

Activity: 59

Merit: 10

your friends shouldn't be investing if they're going by your advise and not their own research

McWorse

sr. member

Activity: 618

Merit: 292

I am all in alts and I am seeing all my missed opportunities in the last weeks and months. But to try to correct these mistakes now seems a bit too risky for me at the moment. The rise of BTC doesn't look healthy at all, and to switch my alts now to BTC may lead to a dreadful loss. So I am holding my alts, keep watching the market and try to learn for the next time, when history repeats.

real eyes realize

full member

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I think nothing is guarantee in the cryptocurrency world. I think some altcoins which have bad prices currently, can bring good profits in the future.

cryptohunter

legendary

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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

always keep 30-50% in btc

however the good alts are going to make you more from here on in percentage terms

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: BillyBobZorton on November 04, 2017, 01:47:50 PM

I have been telling my (online, because I don't know anyone in real life that even knows what bitcoin is) friends to get rid of their altcoins, because sooner or later there would be a massive bull run to bitcoin that would last months. They never believed in what I had to say. "Bitcoin maximalist" they would accuse me off.

Recently, they finally dumped their alts, which they were holding in hopes of a pump to make more bitcoin with, and simply held BTC. They have dodged the massive alt crash that has brought up BTC back above %50 of the crypto marketcap dominance.

Im not saying all altcoins are shit, but most are. It seems finally reality is kicking in amongst noobs that thought they could get easily rich with altcoins, and they are finally going back to BTC.

after the bullrun people will be pissed off and anoyed by bitcoin, bitcoin is also an altcoin you are to bitcoin fixed, blind for the problems and damages that bitcoin causes

regards

Mihaylovic

sr. member

Activity: 910

Merit: 255

In my opinion it is a very bad timing to sell altcoins m8. If they could do it a few months ago it would be ok but now it is too late to sell altcoins. And fork is about to finish as well. people will jump to altcoins not to bitcoin soon.

Evlve

newbie

Activity: 48

Merit: 0

It's certainly a more stable investment in an unstable environment but I don't agree that there is going to be just one coin at the top and everything else is going to zero; it doesn't work that way in any other industry.

That being said industries are typically led by a few that make up most of the market cap. Then the remaining slice is divided up into the rest; it could definitely be the same in crypto.

But if your good at researching and diversifying you can pick some of the little guys that are likely to go up 100-1000% while the big guys get their little gains every year. I guess if you're a passive investor that likes to leave your money in something and not think about it then the top 10 coins are where it's at. Hell for most people on this forum it wouldn't be a bad idea to put the majority of their roll into those anyways and throw tiny amounts into the other stuff.

Crypington

full member

Activity: 210

Merit: 103

It's always going to be roller coaster ride, and diversification is good, overall. I'm not selling my alts unless I lose faith in the project. I'm a Bitcoin Hodler, too, and expect a pullback there after the b2x snapshot, but I'm not selling that, either. 'Chasing returns' and 'timing the market' rarely works long term.

TenderBittle

newbie

Activity: 16

Merit: 0

It's pretty late to be swapping alts for bitcoin. It sounds like you convinced your friends to take a risky gamble.

Hyperme.sh

member

Activity: 98

Merit: 10

Quote from: BillyBobZorton on November 04, 2017, 01:47:50 PM

All of my friends have finally dumped all of their alts

I have been telling my (online, because I don't know anyone in real life that even knows what bitcoin is) friends to get rid of their altcoins, because sooner or later there would be a massive bull run to bitcoin that would last months. They never believed in what I had to say. "Bitcoin maximalist" they would accuse me off.

Recently, they finally dumped their alts, which they were holding in hopes of a pump to make more bitcoin with, and simply held BTC. They have dodged the massive alt crash that has brought up BTC back above %50 of the crypto marketcap dominance.

Im not saying all altcoins are shit, but most are. It seems finally reality is kicking in amongst noobs that thought they could get easily rich with altcoins, and they are finally going back to BTC.

Ah the bottom is near. Massive rise in alts ahead as BTC tops out at $8 - $10k and the exhale into alts begin, repeating August again after the 2X fork fails and Bitcoin gold dividend is collected.

TimeHacker

sr. member

Activity: 521

Merit: 256

Maybe it was a good idea to dump alts for Bitcoin a month or two ago, but now when almost all alts are deep in red numbers I would rather HODL. It's usually not a very good idea to sell something that's low to buy something that's high right now. The cards can change any time and maybe we'll be surprised. My bet is that the money from Bitcoin will start flowing back to alts sooner or later (I'm not saying that Bitcoin will go down though).

Topic: All of my friends have finally dumped all of their alts - page 3. (Read 1304 times)