Well I prefer to have a 70-30 division on my crypto currency investment, 70% of my investment is on Bitcoin and the other 30% is on alt coins. I was told that i should diversify my portfolio so I will not miss out on anything. I am now studying on ICOs and looking out for some potential ICOs that I can invest into.
Topic: Do you approve this strategy: sell alts buy btc? - page 12. (Read 3360 times)
I honestly don’t agree going with the flow and concentrating all your resources in one thing. Tycoons didn’t make their first million by going with the flow. They learned to go against it until they, themselves, become the flow. What do I mean by this? If others are selling, buy more; if others are buying, sell off. Always have your own strategy. Don’t be overshadowed by others’ decision and be clouded by your emotions. So I don’t agree selling all your alts and holding bitcoin alone, or selling bitcoin and holding alts only. And remember not to put all your eggs in one basket ‘coz if it drops, you will lose all. Through this, you’ll be a good trader.
Everyone has their own thoughts and opinions. including about bitcoin and altcoin. sometimes when the price of bitcoin increases then the price of altcoin will be destroyed.
but I think the best thing for now is that we can save our bitcoin and wait like last year
but I think the best thing for now is that we can save our bitcoin and wait like last year
I do not agree to sell my altcoins for the acquisition of bitcoin, because you can earn more on the rise of alts.
There are some good altcoyins for which it is worth keeping, and when it's time to sell them and buy bitcoin 
Maybe there are some advantages to invest in bitcoin rather that altcoins. Because bitcoin was the highest rating when it comes cryptocurrency market value. And sometimes bitcoin has a big chance to increase frequently and stability unlike altcoins it has a less chances to earn a lot because of its volatility.
its depends on a person.. who's people invest in bitcoin they will sell all altcoin and buy btc..
and my personal opinion there are which coin is good and their market caps good i will invest the coin i believe these coin are good profit.
and my personal opinion there are which coin is good and their market caps good i will invest the coin i believe these coin are good profit.
I think that will depend in the person strategy on how he or she can make profit with his/her investment. If selling altcoins and invested to bitcoin would result to a much greater profit then so be it for as long it was the best decision being made.
For me, altcoins and bitcoin has the same strategy their price was not stable. If the price of bitcoin will decrease altcoins also decrease. Therefore, I conclude to hold both coins and sell them when the price is increase.
If we look on the current price dynamics this may be a really actual strategy for today, but tomorrow everything can change and we will have to adapt...
The strategy doesn't hold water , if you ask me.
Reason being, there are a lot of good altcoins that can do better in terms on return on investment than bitcoin.
So why selling alt for bitcoin?
Reason being, there are a lot of good altcoins that can do better in terms on return on investment than bitcoin.
So why selling alt for bitcoin?
How can we recommend such strategy where awe dont know whether specific altcoins which we may sell for btc is good or bad ? It can happen that the particular altcoin might just get hyped because of some good developments of it and may give you more profits than the bitcoin itself. Then in such case it wont be the perfect strategy or step forward to sell it. Most of the time we should keep the bitcoin and altcoin investments separate. To be honest I make investment into an altcoin for the purpose of back ups where I may get tremendous profits which can cover cost of my needs for a month or two. The calculations are different but I wont recommend this one.
Personal opinion, I don't think this strategy must be followed. There are coins which is good in many aspect if compared to Bitcoin. And if we see this for long run, those and many altcoins have greater chance to flourish. I don't want to enter the speculation about surpassing Bitcoin, nobody can guarantee that, but I believe these coins will give a good return, and if you compare the percentage of return with Bitcoin, you will see a good difference.
Yeah true enough. It's hard to speculate on these things, but I wouldn't be putting all of my bets on the Bitcoin and ignoring the rest. There are lots of other good things on the go out there too. Altcoins are hard to sift through because there are so many, but if you take care and look through them enough, there are bound to be many worth investing in. Especially ones that are linked to real world purposes or causes.
No investment strategy should follow an "all-in-one" approach. That's just dangerous.
Personal opinion, I don't think this strategy must be followed. There are coins which is good in many aspect if compared to Bitcoin. And if we see this for long run, those and many altcoins have greater chance to flourish. I don't want to enter the speculation about surpassing Bitcoin, nobody can guarantee that, but I believe these coins will give a good return, and if you compare the percentage of return with Bitcoin, you will see a good difference.
I read this article, but I want to see opinions, would you sell all your alts to have only bitcoin now ? I don't think this is recommended
https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst
It depends on you, if you want to invest in bitcoin you will sell all of your altcoins. But it is also better to have other alts, especially those with good platforms because we can also earn huge profits here especially when you start their platforms and they already have working products that really can be used person. https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst
I don't think, that to sell altcoin will give us much bitcoin especially if the altcoin price is down like today. Because the amount of bitcoin that we can get is reduced. Maybe it's better to hold the altcoin that we have until the altcoin price is back to increase again so if we sell the altcoin, we can get much bitcoin and we can wait for bitcoin price is back to increase to sell the bitcoin.
If you want to have quick gains or short term gains then this is the best strategy but for those who are in this market for long term, they select their coins and hold them for long term, short term fluctuations do not matter because in long term, price of any coin can go much higher than the short term high. Well, I don't believe in long term now, so buy low sell high is the best strategy.
I read this article, but I want to see opinions, would you sell all your alts to have only bitcoin now ? I don't think this is recommended
https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst
You can see that selling altcoin and buying bitcoin is the trend of the market at the present time, it can be seen that bitcoin prices are constantly fluctuating and increasing sharply in recent days, which atcoin is being poured on bitcoin This is causing the price of altcoin is down in the past days and bitcoin prices are increasing strongly. So you should sell altcoin and buy bitcoin at this time. https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst
I read this article, but I want to see opinions, would you sell all your alts to have only bitcoin now ? I don't think this is recommended
https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst
I would not suggest putting resources into only one crypto currency. Without a doubt, bitcoin now drives the market, however this does not imply that you can disregard whatever remains of the crypto currency. To date, we can see countless coins, in which it merits contributing. In this manner, I share the speculation and pick a few commendable undertakings. https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst
It's a no for me. Although bitcoin surely is good, but sometimes altcoin can surprise me much.
Like when suddenly one of your altcoin being so profitable, again and again until you can't believe it happen, and even can give you more profits than bitcoin.
I would love to have many bitcoin, but i still like having some of altcoins in my wallet for many various reasons.
I think they might be useful someday, and i like variety, so having many coins aside bitcoin make me feel great. But of course if they really don't worth anything, then i will sell them and get bitcoin instead.
Like when suddenly one of your altcoin being so profitable, again and again until you can't believe it happen, and even can give you more profits than bitcoin.
I would love to have many bitcoin, but i still like having some of altcoins in my wallet for many various reasons.
I think they might be useful someday, and i like variety, so having many coins aside bitcoin make me feel great. But of course if they really don't worth anything, then i will sell them and get bitcoin instead.
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