Coming from altcoin to bitcoin | Bitcointalksearch.org

imstillthebest

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Quote from: Vitalicus on May 27, 2020, 01:22:01 AM

Quote from: Vohoanghiep on May 27, 2020, 12:06:15 AM

I guess you chose to invest in Bitcoin. If it is for long, keep it. If it's for the short term, you might consider a few altcoins again. Basically, selling it is the right choice. Bitcoin can do better and even if there are no guarantees or guarantees for good returns, it is still better because it is good for long-term investment.

Yub. You got the point. If you wanna hold BTC to wait for long-term profit. Go with it! However, if you are more like a short-term-profit type of person. You should consider to trade a few potential altcoins in the mean time. By that way, you can earn short-term profits but still hold a large part of BTC in your wallet.

look guys the op is not a trader but he was just a hunter before because he already owns a bag of alts till this date . bounty coins are different from good alts that are mainly use for short term trades because those coins can fluctuate and have a guaranteed value . bounty coins are best for long term but still up to him if he decided to retire as a hodler he can sell and forget eveything or forget regrets . while for me i will prefer to hodl it and keep on hoping for thier comeback but i will be regretting the time that i dont sell them before for good amount of cash

Vitalicus

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Quote from: Vohoanghiep on May 27, 2020, 12:06:15 AM

I guess you chose to invest in Bitcoin. If it is for long, keep it. If it's for the short term, you might consider a few altcoins again. Basically, selling it is the right choice. Bitcoin can do better and even if there are no guarantees or guarantees for good returns, it is still better because it is good for long-term investment.

Yub. You got the point. If you wanna hold BTC to wait for long-term profit. Go with it! However, if you are more like a short-term-profit type of person. You should consider to trade a few potential altcoins in the mean time. By that way, you can earn short-term profits but still hold a large part of BTC in your wallet.

Vohoanghiep

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I guess you chose to invest in Bitcoin. If it is for long, keep it. If it's for the short term, you might consider a few altcoins again. Basically, selling it is the right choice. Bitcoin can do better and even if there are no guarantees or guarantees for good returns, it is still better because it is good for long-term investment.

Mammothcoin

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Well investing in Bitcoin is a sure bet if you're playing the long game. However, if you research projects, it's likely that there are alts that that will outperform BTC when prices start to rally. These alts would be a better choice to buy and hodl.

anhhung409

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We don't know what will happen in the future, but we know that the crypto market is still trying to bounce back after a long time and now, you're lucky to see your money still have price. Especially now bitcoin is cheap. Because it is definitely worth our investment here once the bitcoin bull run begins.

ScamViruS

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Quote from: oli123 on May 26, 2020, 10:14:19 AM

Many people probably experience a similar decision. Selling low priced altcoins and buying bitcoin is not a bad move.
Bitcoin has a huge potential and people trust it the most. Personally, I wouldn't just put everything in bitcoin. Part I would also invested in top altcoins.

It is wrong to think that all top altcoin is safe. It is often seen that some top coins are dumped. Doing so could put your money in danger because there is no sign to recover those coins. There are some coins that were in the top 50, and scammed investors. So it’s hard to believe any altcoin. Holding Bitcoin is a good option, as there is no chance of losing your entire fund here. also Bitcoin's bright future awaits, because Bitcoin will have that adoption, and no other coin will have that much adoption.

Furryball

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Quote from: Ken_terrance on January 11, 2020, 08:01:24 AM

I don't know if its the right call or not but i just feel like its better to sell my bags of altcoins for bitcoin, most of the altcoins i owned are not top altcoins, mostly new coins from bounties and I've seen coins worth of 2k turn 20$ while holding them, finally i decide to take out the losses and invest in bitcoin, if you are holding any altcoins that aren't good enough do not hesitate to sell for bitcoin to at least make some profits

Well you've made the right choice, keeping tokens from bounties won't get you anywhere, only very few tokens from bounties surged alot but it rarely happens, it's better to go for Bitcoin or top altcoins, most new coins are rubbish

oli123

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Many people probably experience a similar decision. Selling low priced altcoins and buying bitcoin is not a bad move.
Bitcoin has a huge potential and people trust it the most. Personally, I wouldn't just put everything in bitcoin. Part I would also invested in top altcoins.

Vishnu.Reang

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People prefer selling altcoins and invest in bitcoin, when the altcoin price goes up the get huge sell and people either shift it to Bitcoins or Stable Coins.

Check the charts. BTC has recovered more than 50% of the value it lost in 2018. Right now the BTC exhcange rate is around half of the ATH level which was achieved in 2017. The same can't be said about any of the altcoins. For example, Ethereum is now trading at $200 per coin, which represents a 85% decline from the ATH levels. Other alts such as LTC and XMR are even worse off.

lienfaye

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Altcoins are profitable investment as well but you have to choose the right coin to invest in. If you're just holding a new coins or a coin/token from bounties, do some digging if its worth to hold for some time and earn profit.

If you're not certain about the alts you hold then switch to bitcoin or in top alts because they are already well-established and unlikely to be delisted in exchanges hence it is safe to hold even for long period.

soramon

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From my experience if you get a coins from bounties you should sell it immediately. Because, other bounty hunters will dump it and the price will go down. Collected profit from bounties may to buy some bitcoin or ethereum.

aemma

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Quote from: Ken_terrance on January 11, 2020, 08:01:24 AM

I don't know if its the right call or not but i just feel like its better to sell my bags of altcoins for bitcoin, most of the altcoins i owned are not top altcoins, mostly new coins from bounties and I've seen coins worth of 2k turn 20$ while holding them, finally i decide to take out the losses and invest in bitcoin, if you are holding any altcoins that aren't good enough do not hesitate to sell for bitcoin to at least make some profits

It's sad you found out the truth late when your gains must have dropped badly, nevertheless it was a good call you made. Most altcoins today are not good for holding, especially the new altcoins because the project teams are only after their own gain and once achieved turns a blind eye to the development of the project; if one is to check the percentage of new altcoins which are successful, they won't reach 1%, although I might be wrong. Therefore I agree with you once more that you made a good call, it's either you hold top altcoins or you hold BTC, it is as simple as that, and gives peace of mind.

Ashong Salonga

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Quote from: Ken_terrance on January 11, 2020, 08:01:24 AM

I don't know if its the right call or not but i just feel like its better to sell my bags of altcoins for bitcoin, most of the altcoins i owned are not top altcoins, mostly new coins from bounties and I've seen coins worth of 2k turn 20$ while holding them, finally i decide to take out the losses and invest in bitcoin, if you are holding any altcoins that aren't good enough do not hesitate to sell for bitcoin to at least make some profits

Well, that was the right and the most practical way to do once you have already sorted out those worthy and unworthy Altcoins because even there are lots of so call shit coins in the part of altcoin market, still there are lots of existing potential and worthy coins that are good for holding. Selling unworthy Altcoins can totally gave back your capital to somehow afford buying even cents of Bitcoin since it is the worthy coin among all existing cryptocurrencies in the market. Selling Altcoins for the sake of buying Bitcoin is good as long as you only sell those unworthy Altcoins since it will be regretful once you have sold those worthy Altcoins because you have loose your patience waiting until such time the price get into an increase. Proper sorting out of your assets will be a good strategy to do better strengthen your portfolio.

Cacingkemi

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Quote from: Jamalkm74 on January 13, 2020, 01:22:23 PM

Quote from: Ken_terrance on January 11, 2020, 08:01:24 AM

I don't know if its the right call or not but i just feel like its better to sell my bags of altcoins for bitcoin, most of the altcoins i owned are not top altcoins, mostly new coins from bounties and I've seen coins worth of 2k turn 20$ while holding them, finally i decide to take out the losses and invest in bitcoin, if you are holding any altcoins that aren't good enough do not hesitate to sell for bitcoin to at least make some profits

Yes i think this right decision, this is cannot make good profit for holding new altcoin/token, most of all altcoin first time listing exchange high price and after few days price is dumped, you need make profit sell first,

sometimes it's wise enough to sell newly launched altcoin when prices go up and move it to bitcoin to find safe or avoid tokens losing their value if stored too long. but there are still some altcoins that have good potential, so it's worth considering whether the token is good enough because the project is quite promising.

ecnalubma

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Quote from: Ken_terrance on January 11, 2020, 08:01:24 AM

I don't know if its the right call or not but i just feel like its better to sell my bags of altcoins for bitcoin, most of the altcoins i owned are not top altcoins, mostly new coins from bounties and I've seen coins worth of 2k turn 20$ while holding them, finally i decide to take out the losses and invest in bitcoin, if you are holding any altcoins that aren't good enough do not hesitate to sell for bitcoin to at least make some profits

Some of them might still worth a fortune in the future but its your choice. I’m still holding bag of alts and I just let it set it in my wallet because its not worth selling so I just take a gamble hoping it will rise from the ashes.

davinchi

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People are moving from altcoins to bitcoin is different than each other all depending on which altcoin they actually came from, I mean if you came from an altcoin that looked like there is no upside to it and will be going down, it is actually smart to get rid of them, however if you came from something like ethereum for example it is actually not a really smart move because that could still go up.

So, if you want to move to bitcoin which is understandable, it is better to just check how much value your altcoin could potentially gain by researching all the upcoming stuff about that coin, if there is a hope for it then I would say it is good idea to stay in that altcoin, if it looks like there is no hope for it then it is better to just sell it and move to bitcoin all together.

aamirsuh

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The brutality of the Bitcoin price movement drives people away from the subcoins. Why invest in a subcoin. Bitcoin needs to enter a static period. I follow this closely. It could be a good investment opportunity.

Jamalkm74

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Quote from: Ken_terrance on January 11, 2020, 08:01:24 AM

I don't know if its the right call or not but i just feel like its better to sell my bags of altcoins for bitcoin, most of the altcoins i owned are not top altcoins, mostly new coins from bounties and I've seen coins worth of 2k turn 20$ while holding them, finally i decide to take out the losses and invest in bitcoin, if you are holding any altcoins that aren't good enough do not hesitate to sell for bitcoin to at least make some profits

Yes i think this right decision, this is cannot make good profit for holding new altcoin/token, most of all altcoin first time listing exchange high price and after few days price is dumped, you need make profit sell first,

Colt81

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Quote from: BeManga on January 13, 2020, 12:31:36 PM

Quote from: Ken_terrance on January 11, 2020, 08:01:24 AM

I don't know if its the right call or not but i just feel like its better to sell my bags of altcoins for bitcoin, most of the altcoins i owned are not top altcoins, mostly new coins from bounties and I've seen coins worth of 2k turn 20$ while holding them, finally i decide to take out the losses and invest in bitcoin, if you are holding any altcoins that aren't good enough do not hesitate to sell for bitcoin to at least make some profits

if the coin is not really good enough or don't have a purpose it's better to sell it now while it still has some value
I also sell some of my token and altcoin for bitcoin in the past few weeks
but not all of it because I still have hope for some of the altcoin I hold
sometimes altcoin take a few years before it gain some price increase
im just hoping I pick the right token and earn something from it someday.

Indeed. If the altcoin that you are holding is not good enough to make you a good profit, it is much better if you just convert them into bitcoin even they are only in a small amount because in the mean time if bitcoin will start to increase it's price it will help you to recover all of your losses.

BeManga

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Quote from: Ken_terrance on January 11, 2020, 08:01:24 AM

I don't know if its the right call or not but i just feel like its better to sell my bags of altcoins for bitcoin, most of the altcoins i owned are not top altcoins, mostly new coins from bounties and I've seen coins worth of 2k turn 20$ while holding them, finally i decide to take out the losses and invest in bitcoin, if you are holding any altcoins that aren't good enough do not hesitate to sell for bitcoin to at least make some profits

if the coin is not really good enough or don't have a purpose it's better to sell it now while it still has some value
I also sell some of my token and altcoin for bitcoin in the past few weeks
but not all of it because I still have hope for some of the altcoin I hold
sometimes altcoin take a few years before it gain some price increase
im just hoping I pick the right token and earn something from it someday.

Topic: Coming from altcoin to bitcoin (Read 1131 times)