Topic: Buy Bitcoin or HODL Altcoins? (Read 180 times)
maybe you can convert it to bitcoin when bitcoin price goes down, or you can convert to another coin like ethereum doge and litecoin, because its transaction fee is cheap
you better keep your coin if it makes you gain double advantage especially you do not know that the coin you hold now the price will go down, you can see bitcoin now price is down so do not try to take risk
it is never as simple as that. investment in something so volatile is always going to be unpredictable and when you invest in altcoins which are 10 times more volatile than bitcoin, things become even more complicated.
my strategy is that i always have my main investment in bitcoin. it is a long term investment where i buy bitcoin with my money whenever i have some extra cash and add it to my cold storage. it will stay there for years to come.
meanwhile i have some small percentage of my total bitcoin dedicated for trading. i use this fund to risk doing trades on bitcoin and altcoins alike. mostly altcoins because they get pumped and dumped so we can make a lot of profit from their manipulations in short term and immediately move on to the next pump.
in my opinion it is always best to come up with your own strategy. i shared my plans here, you can use it or modify it to your preferences.
my strategy is that i always have my main investment in bitcoin. it is a long term investment where i buy bitcoin with my money whenever i have some extra cash and add it to my cold storage. it will stay there for years to come.
meanwhile i have some small percentage of my total bitcoin dedicated for trading. i use this fund to risk doing trades on bitcoin and altcoins alike. mostly altcoins because they get pumped and dumped so we can make a lot of profit from their manipulations in short term and immediately move on to the next pump.
in my opinion it is always best to come up with your own strategy. i shared my plans here, you can use it or modify it to your preferences.
That's good for you as in everybody in this community is a crypto believer whether they have invested in BTC or altcoins.
Altcoins were bleeding heavily over the past few years and many predicted it to be dead by the next year. I considered them as a backup. Although I don't hold much it is nice to see the potential coins rise up so much. Although there is a concern that these coins might dump since they are rising at such rapid rate. Coins which increase rapidly definitely dumps for a stronger stability in their price. Let's see when the altcoins take their rounds of dumps.
Altcoins were bleeding heavily over the past few years and many predicted it to be dead by the next year. I considered them as a backup. Although I don't hold much it is nice to see the potential coins rise up so much. Although there is a concern that these coins might dump since they are rising at such rapid rate. Coins which increase rapidly definitely dumps for a stronger stability in their price. Let's see when the altcoins take their rounds of dumps.
For my opinion, you can sell some of your altcoins and buy some bitcoins. But you have to judge first for which altcoin may not have big potential, then you can transfer them into bitcoin.
If I were you, I'd sell 50% of the altcoins and buy bitcoin then hold it because I believe that current price of bitcoin can still potentially rise. The remaining 50% altcoins will be for trading.
I think this is correct and most secure decision than other.If lost one thing ,you have other thing.
I've all my money in Altcoins, today I've great profits.
You recommend sell all altcoins and buy Bitcoin waiting a new rise?
Regards.
I recommend you sell 50% altcoin and buy bitcoin, because bitcoin will show great results in the future. you must combine to have some altcoin and bitcoin due to your profit balance. You recommend sell all altcoins and buy Bitcoin waiting a new rise?
Regards.
it is hard to tell you to buy or not buy bitcoin right now because bitcoin currently is in a state where it is hard to predict. it may have some dips which you can use them to buy bitcoin. but it may also shoot up towards $20,000 without any more dips. and unless something happens (either dip or rise) to break out of these lines, i can not speculate anything about short term of it.
but one thing is certain, hodling altcoins is not a good idea.
but one thing is certain, hodling altcoins is not a good idea.
agree completely, we're at a crossroad right now. But I would expect a lot of fresh money into bitcoin over the holidays - like on Thanksgiving. So it's more likely for BTC to rise at least a little more.
I think both have the same potential. but, the great advantage depends on what decision you take. it could be bitcoin rising at a high price, but when the bitcoin price drops, the altcoin price will surely go to the moon, but I think it only happens to certain altcoins.
I've all my money in Altcoins, today I've great profits.
You recommend sell all altcoins and buy Bitcoin waiting a new rise?
Regards.
That's the auction on the altcoins. What they do not like you, now everything is fine with them and the price and demand and the future for them. So do not chase after what may not go, but work with what has already been checked. You recommend sell all altcoins and buy Bitcoin waiting a new rise?
Regards.
I've all my money in Altcoins, today I've great profits.
You recommend sell all altcoins and buy Bitcoin waiting a new rise?
Regards.
You recommend sell all altcoins and buy Bitcoin waiting a new rise?
Regards.
Congrats! With all the alts rise, it's kinda hard not to make a profit from it
I'd recommend you to sell those alts that are currently on profit and spend them on other alts that are not on the rise OR save it into Bitcoin directly. Remember, the rise won't last forever. Realized profit > Unrealized profit. Also, don't forget to cash in some of those profits and buy something for yourself. Those profits mean nothing if you never enjoy it 
Well that can depend on the alt coin you want to hold. I think there some nice alt coins to invest in right now. Bitcoins I would say keep 50 percent
in your bitcoinwallet. Bitcoin is calm waters now, but as expected, same trend happens before the next bullrun. You must do your own research, I lost money listening to people and I mean investing. when ETH was 2 dollars I asked them and they told me it was shit. So see you must do your own research.
in your bitcoinwallet. Bitcoin is calm waters now, but as expected, same trend happens before the next bullrun. You must do your own research, I lost money listening to people and I mean investing. when ETH was 2 dollars I asked them and they told me it was shit. So see you must do your own research.
it is hard to tell you to buy or not buy bitcoin right now because bitcoin currently is in a state where it is hard to predict. it may have some dips which you can use them to buy bitcoin. but it may also shoot up towards $20,000 without any more dips. and unless something happens (either dip or rise) to break out of these lines, i can not speculate anything about short term of it.
but one thing is certain, hodling altcoins is not a good idea.
but one thing is certain, hodling altcoins is not a good idea.
If I were you, I'd sell 50% of the altcoins and buy bitcoin then hold it because I believe that current price of bitcoin can still potentially rise. The remaining 50% altcoins will be for trading.
I've all my money in Altcoins, today I've great profits.
You recommend sell all altcoins and buy Bitcoin waiting a new rise?
Regards.
You recommend sell all altcoins and buy Bitcoin waiting a new rise?
Regards.
I don’t think that Bitcoin will rise high again in a near future. It is better for me to hold some fair altcoins. For now this is the simplest way how to save money and even earn something.
I've all my money in Altcoins, today I've great profits.
You recommend sell all altcoins and buy Bitcoin waiting a new rise?
Regards.
You recommend sell all altcoins and buy Bitcoin waiting a new rise?
Regards.
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