Topic: Converted all altcoin back to BTC (Read 988 times)
I think the altcoin to bitcoin converter is not good solution, because if the price of bitcoin increases, maybe the price of altcoin will also increase
I think it's a stupid thing to do. Because BTC is not a promising coin and with the advent of new technology BTC will not be able to oppose anything to progress except its capitalization.
What proof do you have to back this up, or are you just bitter that you don’t get to have the chance to invest at dip again because you missed out, among all coin that you should even called stupid, why bitcoin ?While you are busy spoiling Bitcoin and thinking you could create FUD, smart investors are busy investing in their future, same way many criticized bitcoin in 2010, look where we are now, their life is still the same way it was in 2010 while those who believe in it have already bought big houses in their respective country. So bro, those altcoins you so much believe in are not moving forward without BTC.
Can't say I proifted much, I paid way too high of fees on the exchanges, lesson learned on who to use and who not to next time. Right now I want to see how this next move shakes out. If I miss out on a big 30% move on some coins, so be it. I will sleep well tonight.
Converting all altcoins one is holding some times is not a very good idea because thatay make you loose that you hold in crypto currency.
still hold alt than BTC,so far i just got large money from alt than BTC, so i to love my altcoin. if btc grow alt same grow up to the moon.
To me,it is better to invest my money in different altcoin than investing my money in bitcoin because altcoin will definitely bring in more return than just having your money in bitcoin.
I did the same thing only converted all altcoins into ethereum. I think that he will show himself.
It's not wise to choose BTC as most exchanges charge heavy fees like 0.001-0.002 plus you need to sell the altcoins at a loss as the market is down and plus BTC price also is down which doesn't give you much profit for waiting. I converted my altcoins to ETH due to less fees and plus ETH price is more stable than BTC and it takes less fees to send it from one address to the other and the transactions get confirmed in seconds. I am waiting for the market to be stable as the coins I hold have dropped from $1 to $0.01 which is horrible for me to sell.
It is one time expense so don't care much about it,ETH is also good choice but there is nothing wrong when someone trusting bitcoin for long term hold since it is doing very good at the moment.When the bull run begins your holding value will increase which will be really help out to minimize the losses and also it will help to make profits at the spike of bull run.Depends on what altcoins he sold for BTC and how much he made in BTC. If it's 1-2 BTC or more, it's still worth it as BTC is moving at a snail's pace right now and we have seen just $1000-$1500 increase since a year which is not worth for a person who is holding them for a year. It's not like you'll get any interest by holding it while some good altcoins have a brighter future.
Can't say I proifted much, I paid way too high of fees on the exchanges, lesson learned on who to use and who not to next time. Right now I want to see how this next move shakes out. If I miss out on a big 30% move on some coins, so be it. I will sleep well tonight.
I couldn't say that it was a good or wrong move,Because there are so many alt-coin that have been worthless so if your alt is one of those then you made a good move even though you paid a lot of fee.
But if your alts are in the top list then you provably made the wrong move since most of them are going to rise up .
The ones best to sell now which to me is a wise decision are the ones waiting for BTC to move sideways before they can increase, if ones changes those ones to altcoins, we can always meet the price there before BTC goes sideways.
In the bear market. Switching to BTC is indeed a good choice. When the bull market is in place, it is also a good choice. When the bull market is coming, the price increase is somewhat regular, and the BTC rises first. Other later.
Can't say I proifted much, I paid way too high of fees on the exchanges, lesson learned on who to use and who not to next time. Right now I want to see how this next move shakes out. If I miss out on a big 30% move on some coins, so be it. I will sleep well tonight.
May turn out to be a very intelligent move. There are too many altcoins out there (10,000+ I guess), and the vast majority are either dead or dormant. There may be 2% or 3% which may perform well in the future, but that proportion is too low for me to invest in the alts.
I also think that if it is possible to convert Altcoins into Bitcoins, it will be much more stable. Almost all other coins depend on the growth of Bitcoin. Besides the fact that altcoins can fall in price, Bitcoin will always be the first coin.
LMAO. It is the worst possible time to sell all your altcoins. December 2017 was the best time to sell. The next best time to sell is at the maximum euphoria where almost everyone is happy with their investments. However, some alts may not make it so diversification is good for this strategy.
I have never and will never convert all my altcoins to bitcoin or USDT, the number rule is to never sell all your positions. Should there be an upward movement in any of the sold altcoins, if one doesn't manage his emotions, he may FOMO which is worst than selling. although, we all have our investment and trading psychology that work for us. Just stick to what pleases and works for you and be happy.
It's not wise to choose BTC as most exchanges charge heavy fees like 0.001-0.002 plus you need to sell the altcoins at a loss as the market is down and plus BTC price also is down which doesn't give you much profit for waiting. I converted my altcoins to ETH due to less fees and plus ETH price is more stable than BTC and it takes less fees to send it from one address to the other and the transactions get confirmed in seconds. I am waiting for the market to be stable as the coins I hold have dropped from $1 to $0.01 which is horrible for me to sell.
It is one time expense so don't care much about it,ETH is also good choice but there is nothing wrong when someone trusting bitcoin for long term hold since it is doing very good at the moment.When the bull run begins your holding value will increase which will be really help out to minimize the losses and also it will help to make profits at the spike of bull run.
I rather to hold altcoins than btc, its really hard to gain that big when buying btc its just preferable for millionaires but for us which have limited supply for investment. Altcoins will be best for us, you can get x2 of your investment and btc cant give you that right now. Just participate in a hype coin and exit in the right time
As you know market was at low level and now going well you should hold your altcoin and wait for June 2019,i hope you will be get more profit.
You will be happy with your deed when Bitcoin grows in price. And believe me, this will happen after some time. The whole market froze in anticipation of a regular furious surge. So let's wait together.
Now it is not clear why everyone is waiting for a sharp rise. what happened 2 weeks ago was due to only one order for 100 million dollars
It's not wise to choose BTC as most exchanges charge heavy fees like 0.001-0.002 plus you need to sell the altcoins at a loss as the market is down and plus BTC price also is down which doesn't give you much profit for waiting. I converted my altcoins to ETH due to less fees and plus ETH price is more stable than BTC and it takes less fees to send it from one address to the other and the transactions get confirmed in seconds. I am waiting for the market to be stable as the coins I hold have dropped from $1 to $0.01 which is horrible for me to sell.
Probably i will do that converted all altcoins back to bitcoin i see bitcoin is much profitable in the long term compared into altcoins, bitcoin is so much popular and i have read some news that there is a lot of adoption happening in some part of the world.
For those of you who do long term, it is certainly good to convert from altcoin to Bitcoin. But if you think about getting profits every day or from altcoins, it's better to trade on altcoins, because what you're looking for is a daily profit on altcoins. Different what you do with the long term. Of course Bitcoin is the main choice. 
Probably i will do that converted all altcoins back to bitcoin i see bitcoin is much profitable in the long term compared into altcoins, bitcoin is so much popular and i have read some news that there is a lot of adoption happening in some part of the world.
Jump to: