Coming from altcoin to bitcoin - page 2.

TanakabZX

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Quote from: stephanirain on January 13, 2020, 10:34:54 AM

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

Reevaluating your crypto profile is normal but limiting it to only one crypto will also limit the scope of what you can only earn. Bitcoin has indeed constant ups and downs and you can't go wrong with it as long as you invest it below 5 or 6k then sell it on 8. But there are altcoins that start cheap and end up to to good investment in the end. It's just finding which alt will survive the market.

Are you saying it's a bad idea buying bitcoin at 7k or 8k? Now I think it's not a bad idea because bitcoin will definitely surge higher after the halving, I am holding half a bitcoin and no matter what it worth a now I know it will worth more in near future that's why I've decide to keep, altcoins are too disappointing that's why I don't rely much on them, to me it's just trying out luck when investing in altcoins

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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

Reevaluating your crypto profile is normal but limiting it to only one crypto will also limit the scope of what you can only earn. Bitcoin has indeed constant ups and downs and you can't go wrong with it as long as you invest it below 5 or 6k then sell it on 8. But there are altcoins that start cheap and end up to to good investment in the end. It's just finding which alt will survive the market.

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Quote from: huu78 on January 13, 2020, 10:15:13 AM

Holding an altcoin I think you have to choose a good one and be in the top rank to minimize losses. Bitcoins if when the time of the dump does not hold them if you want to short term, it is better to choose an altcoin. But buying bitcoins for the long term is great to try and do not have to cry out the loss of selling altcoins in case of the mass dump on altcoins.

in choosing an investment can depend on the initial goal first, if you invest long-term it would be more suitable to choose bitcoin but if you make a short-term investment we can choose coins that have potential. we need to look for potential in every investment that will be run by us.

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Holding an altcoin I think you have to choose a good one and be in the top rank to minimize losses. Bitcoins if when the time of the dump does not hold them if you want to short term, it is better to choose an altcoin. But buying bitcoins for the long term is great to try and do not have to cry out the loss of selling altcoins in case of the mass dump on altcoins.

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Quote from: Inkdatar on January 13, 2020, 04:48:02 AM

Quote from: zulfi125 on January 13, 2020, 04:10:13 AM

After one year I have observed that Bitcoin price is almost 2x plus but other altcoins 2x or 3x minus now because of everyone interest in Bitcoin and not in other altcoins even top ten altcoins also not performing well and day by day growing down due to this scenario we should sell the holding that altcoins have not potential and buy Bitcoin.

It is best to sell altcoin to bitcoin and also this is I experience having altcoin and waiting for increase. Better to have bitcoin which could gives profit in our portfolio. That's true even in top market this cannot guarantee of continues price in the market. So I'd rather invest in bitcoin which is profitable.

If you have an altcoin and you are not making money then it means that you are doing it wrong. You can make a lot of money in altcoins and it is also faster to make a profit through altcoin compare to bitcoin because there is a lot of variations of altcoin in the market compare to bitcoin which is only one.

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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 you think that is the best decision, then I support it, because indeed if we invest in a new altcoin, we like to hesitate and reconsider whether the steps we are taking are right or wrong, and what I see is that you chose to focus on bitcoin, that is the best decision. Although the exchange rate from altcoin to bitcoin is far, but I think you will enjoy the results later. So don't regret what you have decided. Because that is the best decision.

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Quote from: zulfi125 on January 13, 2020, 04:10:13 AM

After one year I have observed that Bitcoin price is almost 2x plus but other altcoins 2x or 3x minus now because of everyone interest in Bitcoin and not in other altcoins even top ten altcoins also not performing well and day by day growing down due to this scenario we should sell the holding that altcoins have not potential and buy Bitcoin.

It is best to sell altcoin to bitcoin and also this is I experience having altcoin and waiting for increase. Better to have bitcoin which could gives profit in our portfolio. That's true even in top market this cannot guarantee of continues price in the market. So I'd rather invest in bitcoin which is profitable.

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After one year I have observed that Bitcoin price is almost 2x plus but other altcoins 2x or 3x minus now because of everyone interest in Bitcoin and not in other altcoins even top ten altcoins also not performing well and day by day growing down due to this scenario we should sell the holding that altcoins have not potential and buy Bitcoin.

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Quote from: red4slash on January 13, 2020, 03:30:17 AM

Quote from: ameliana on January 13, 2020, 02:30:45 AM

maybe it's a good call for you, after hearing that you don't hold the top altcoin then selling and turning it into bitcoin is not a bad idea. but for me personally currently still holds the top btc and altcoin in the market so it won't change this portfolio, even if I have money then I don't hesitate to add a few more btc for future investments.

in investing or trading daily we can choose to make an exchange from altcoin to bitcoin, there is actually no mistake if doing the opposite exchange is most important we can look for potential coins. sometimes things like this have to do with the aim of making a profit or securing the funds they have.

if we doubt a certain altcoin, then switching to bitcoin is a good choice for securing funds and securing our psychology. The most valuable asset I think is our mentality to be consistent with the analysis, so I think to maximize psychological profit plays an important role, and lucky we still have bitcoin for reference

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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

Nothing to go against your idea. That is the very tough time to make a decision when to stick with your coin especially when it is new believing that it will spike up sooner or later on. So to avoid the worst case scenario then sell it for more better profit. However I suggest that split it up to some top alts at least those top 5.

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Quote from: ameliana on January 13, 2020, 02:30:45 AM

maybe it's a good call for you, after hearing that you don't hold the top altcoin then selling and turning it into bitcoin is not a bad idea. but for me personally currently still holds the top btc and altcoin in the market so it won't change this portfolio, even if I have money then I don't hesitate to add a few more btc for future investments.

in investing or trading daily we can choose to make an exchange from altcoin to bitcoin, there is actually no mistake if doing the opposite exchange is most important we can look for potential coins. sometimes things like this have to do with the aim of making a profit or securing the funds they have.

ameliana

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maybe it's a good call for you, after hearing that you don't hold the top altcoin then selling and turning it into bitcoin is not a bad idea. but for me personally currently still holds the top btc and altcoin in the market so it won't change this portfolio, even if I have money then I don't hesitate to add a few more btc for future investments.

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Quote from: Pinkris128 on January 12, 2020, 11:29:04 AM

Quote from: bitcampaign on January 12, 2020, 11:06:38 AM

not everyone can take the decision you take like that, just look at many people who already feel loss because altcoin and tokens are falling in price, that's a risk in trading, sometimes we have to know when to make the right decision to sell and switch even though we feel loss , I only hold the best altcoin so prices don't fall too deep

Indeed. Not everyone can take that kind of decision because everybody still feels that their altcoins from bounties could still have a good value, even it will not, that is why they chose to hold it until it has a good value. I think he is making a right decision that he should only invest his shitcoins into bitcoins, so that it could be a worth even just a small amount.

if I get altcoin from work as a bounty hunter, I will throw it away if it's not worth it, so just hoping what we hold will have value in the future we don't know, I'm just saying not many people have thoughts like OP, actually it's a way good to convert altcoin to bitcoin because we know that bitcoin can go up to 10x from the current price so that it returns the capital for the holder, actually this method depends on how people can think quickly to make decisions and it must have been calculated

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Quote from: Zemomtum on January 13, 2020, 12:03:39 AM

Well, it might not be the right decision now depending on how you look at this. If you can wait for long up to this moment, while not continue holding as long it is a project that will not be folded off. Altcoins has been performing poor;y for the past 2 years and above and we are hoping their own days will come up one day. You are not alone in this circle.

you should not lose hope besides the long waiting is can give you high profit . Thats why theres still many people trusting too much in altcoin because they can give them high rewards in exchange for waiting too long.

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Well, it might not be the right decision now depending on how you look at this. If you can wait for long up to this moment, while not continue holding as long it is a project that will not be folded off. Altcoins has been performing poor;y for the past 2 years and above and we are hoping their own days will come up one day. You are not alone in this circle.

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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

The coins you got from bounties would depend on the current market demand. Their price might quickly drop if the number of bounty hunters are excess in the campaign and also if the project has allocated a huge number of tokens to the campaign than the possibilities of the coin getting dumped as soon as listed on exchanges is much higher because most of the bounty hunters sell their earned coins on the exchange as soon as the project hits the exchange.

So in this scenario, it would be good for you to even sell your coins at the current market demand and convert those to bitcoins or any other major altcoin which can yield you higher profits. I personally, trust least of the bounty coins.

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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. That's right, I doing that thing in the past when I have a lot of bounty rewards. Every payments I've received I been sold on btc or usdt. If ever what they pairs that can sell alt coins and accumulate bitcoin while in the dip price. That is very effective to earn massive money but not all time sometimes alt coins are dead after the selling.

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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

You have made the right steps even though you are too late to realize it, you realize when the coins you have are getting less and less the value of the price and then start selling it and buying bitcoin as an investment.
Actually, most people are now doing it, selling bounty tokens and buying bitcoin. if there are still people who are loyal to hold the bounty token, it means that person has extraordinary optimism, has imagination beyond limits. Grin

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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

IMO, you did the right thing. I made this step almost two years back. And looking back, I am happy with the outcome. The problem with the altcoin market is that there is no real usage with any of these coins. And there are too many of them in existence, with dozens more being created and listed every day. I am not sure whether there will be a recovery in the altcoin market, at some point in the near future. But I am sure about one thing. There is no room in the market for 10,000 different cryptocurrencies.

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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 depends on which altcoins that you're holding. In your case, you're holding a new altcoins from bounties, it's risky actually hodling your rewards especially from new projects. You've already seen that the value from 2k turn to $20. Nowadays, it's hard for new coins to survive in this market, either they could have a good price or died in the process.

So it's your choice if you want to switch to bitcoin after all that, or you could also turn to major altcoins. Of course with a proper research.

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