Topic: Coming from altcoin to bitcoin - page 5. (Read 1131 times)
The best decision in my opinion because holding too long altcoin which has no potential in the market tends to decrease even though bitcoin increases, don't force luck and switch to BTC is the right course of action.
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 smart investors are doing swap from fresh new coin to another fresh new coin. You investment will frozen in old coin until next bullrun. Although before Bitcoin halving time you can stay in Bitcoin. 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 better to decide now, you already know your current status and to see that you're not really satisfied with your altcoins. Bitcoin is the best coin for investment, even you have to sacrifice for selling your altcoin for this sake but it for sure you are not able to regret it in the future. You will have to act wisely before the opportunity gets lost.
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 fact is so. You can see alts with low marketcap in Binance as an example. When bitcoin suddenly grew, many small speculators got out and bought bitcoin. This greatly reduces the value of small alts. so in uptrend we should buy and hold the top alts or bitcoins, the small alts are often mistreated. This is my own experience, we should only buy and speculate on small alts for a short time when the market is sideways. That's how we optimize profits and reduce the most risk of losses. 
Selling an altcoin that does not have a pitential and switching to Bitcoin is a very precise decision because now many new altcoins are not worth so many investors who feel at a disadvantage, and in this year Bitcoin and Altcoins are already Have a pitensi growing back and this is a good time to invest in it, because for the future we must be able to reap a big profit in order to redeem any losses in the previous year.
of course a very good idea is that your new altcoin is more profitable if its change in the form of bitcoin ,anyway bitcoin will start recovery in next few months and its highly recommended we all do that ,but you need to add old altcoin for some possibilities that will happen later must be conditioned in making a profit
Not really and its contradicting the post and the title of the thread. Bitcoin is much profitable for day and long term investing and only few altcoins can increase their value if there is a good news about the project.And selling those altcoin are good if you think it is profitable and not losing some profit when you bought them before selling it for bitcoin.
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
Indeed, we should at least hold Bitcoin even though the amount is small. There may be some tokens from bounties that are feasible in the long run, but we should sell them when prices are above the ICO or IEO prices. If we still want to hold altcoin, altcoin should have a large transaction volume and be traded at large exchangers
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
Me too i got many altcoins holding i got it on bounty but i sell them all in a small amount ang i buy ether. Bitcoin is very good were to invest our money but ether also is good so when the time i sell my altcoins i buy some ether to hold abd wait for the price will goes up. Bitcoin and ether is a good to hold for a long term. 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 can coming up to any coin as we do. During Bitcoin halving we should hold our Bitcoin for profits. Same to altcoins, don't sell any coin if their upcoming news is good. In this bad market any good coin price can't dump as much as you mentioned. If any coin survive in this bear market, that coin will have huge success.
I did the same thing. I used to hold about 20 different altcoins but realize it was kind of stupid. There are a few key coins to hold: Bitcoin, Etherium, and maybe a couple of good altcoins. Maybe a total of 5 coins. That's all that I think we should hold.
Personally I don't have altcoin right now, even though it's ETH. I have made everything into bitcoin. Because for now, I don't want to speculate on the old altcoin. My mind is also unstable.
Yes, in May bitcoin will be halving, but we don't know when the effect will start to arise and affect the price movement. At least I want to believe that bullish will come.
Yes, in May bitcoin will be halving, but we don't know when the effect will start to arise and affect the price movement. At least I want to believe that bullish will come.
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
I agree with you if the altcoin we have or hold is not the top altcoin that has the potential then it should be sold and replaced with bitcoin. then hold it until bitcoin pumps. I currently hold bitcoin and also some of the top altcoins. I still believe in the top altcoins because when bitcoin goes up, the top altcoins can also go up with a higher percentage. actually if we can choose the right altcoin we can still make a profit.
that's the right step. I personally experienced that. I held a coin bounty from 2016 and reached the highest price peak in 2017. I think it will last and continue to increase. but in 2018. most of my coins are junk. I slowly sold it to bitcoin, hoping that some other altcoins would pump again. but it never happened. and finally when I get paid from the bounty, I have to sell it quickly. I feel it will become rubbish, if held for too long.
I think you are in the right way now because you don't have any top altcoins to hold must of them got from the bounties campaign. so what you taking the discussion to sell your altcoin and invest in bitcoin it really good for you, because if you holding shitcoins for no use so better go ahead.
-snip- most of the altcoins i owned are not top altcoins...
Same here. Holding many new altcoins is too risky. We can make some portfolio lists which coins are probably worthy to hold and which should be sold immediately after listing. for, many coins will drop drastically after first listed in an exchange. Personally, I also always sell all my altcoins and convert it to BTC or ETH with a very dropped price. However, for the coins that have a future product for real use case, I think it doesn't matter to make a half only for selling and least for investment.But, the problem of many new altcoins is that they are not even listed in the exchange, although it has been more than 3 months. I still have many coins that are not listed yet after more than one year, so bad to know this kind of altcoin.
I think that in general it's a good call but maybe not now. You have been holding altcoin bags all the way down but Bitcoin at that time was also losing value just slower.
Now you're thinking of selling altcoins and buying bitcoin when it's recovering and the price gap between it and altcoins have increased even more. I don't know what to tell you. You're in a very bad position anyway.
Now you're thinking of selling altcoins and buying bitcoin when it's recovering and the price gap between it and altcoins have increased even more. I don't know what to tell you. You're in a very bad position anyway.
you just make a good decision to invest your money in bitcoin. But i think investing all of your money in just one coin is not good too. You should have 1 or more alternative assets. Try to find some altcoins that have a good potential in the future and have a good progress on their project.
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
That’s a right call for you mate and you should done that before but its ok at least now you realize that holding small tokens doesn’t give you a big profit, its good to know that you are converting your altcoins to btc. Remember that you should still have to buy altcoins like eth, bnb and other top altcoins because its almost the same with BTC. This is will be more fun with BTC, made a good decision now and enjoy the result later this year.
of course a very good idea is that your new altcoin is more profitable if its change in the form of bitcoin ,anyway bitcoin will start recovery in next few months and its highly recommended we all do that ,but you need to add old altcoin for some possibilities that will happen later must be conditioned in making a profit
If those alts are not from the top then it's okay to sell those for bitcoin but those losses that you have made with that, I think you should start to accept the fact that you have made it because you invested wrongly with those alts.
Finally, you can recover it by reinvesting to bitcoin and keep it increasing overtime.
Finally, you can recover it by reinvesting to bitcoin and keep it increasing overtime.
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