Do you approve this strategy: sell alts buy btc? - page 18.

rizkyhiw

legendary

Activity: 1484

Merit: 1004

Quote from: brawdias on May 27, 2018, 08:43:04 PM

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

There are so many strategies in trading, but I think selling altcoin to buy btc is not a good idea. It would be advantageous if we sell altcoin to fiat. We contribute to not having a more severe impact when bitcoin prices are down badly, Hold and not sell panic.

Lang09

full member

Activity: 350

Merit: 111

Quote from: brawdias on May 27, 2018, 08:43:04 PM

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 is both good and bad ideas. In some situation, selling altcoin can be accepted and you can save your money. However, in some other cases, selling altcoins can make you suffer a huge loss or miss the opportunity to earn a great amount of money. Altcoins and bitcoin are both good. But if you know how to choose a good altcoin, it can bring you a better profit and bitcoin. You can get an idea on the board of trading discussion to learn more about trading techniques.

justicesquadron

member

Activity: 215

Merit: 10

I accept this idea and why not? Bitcoin has a reputation, flexibility in usage and efficiency. In addition, bitcoin is a measure of success in the crypto world. And the exchange of altcoin to receive bitcoin is a common form.

Ozero

full member

Activity: 2142

Merit: 183

Quote from: brawdias on May 27, 2018, 08:43:04 PM

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

No, I'm not going to sell my altcoy now to buy bitcoin. Now, good altcoyins have a prospect far better to grow in price than bitcoin. After the last events for this first half-year, bitcoin has significantly lost in popularity and may not grow so fast in price as expected earlier. Still, even now, its cost reaches $ 6,600, which is quite high for the crypto currency. At the same time, I also do not advise selling my bitcoins. He can still show very good growth, but I believe that again for a little while. However, this upcoming increase in its price can be used to generate a good profit.

mlgblockchain

jr. member

Activity: 135

Merit: 1

That depends on the situation. In every unstable investment you shouldn't stick to one rule all the time. It would be wise of you to make the right decision accordingly with the market growth and market flow. Selling all your Altcoins and buying only BTC is like putting all your eggs in one basket. And this is always a bad move to do something close to this kind of actions.

calabrianexceeded

newbie

Activity: 111

Merit: 0

I prefer bitcoin because I believe that bitcoin will be very profitable for me. so i will just hold bitcoin i am sure bitcoin will give you a bright future and it will be very usefull.

carcas

newbie

Activity: 154

Merit: 0

Yes if in alt condition bigger its price increase i sell alt to buy btc. after btc position more increase i sell btc to buy alt.

forayer

newbie

Activity: 12

Merit: 0

I don't believe Bitcoin is done with its big runs. Most of my port in alts, but I take profit in BTC, and increase my alt position when Bitcoin pumps. I would never bet it all on Bitcoin though.

Ryker1

sr. member

Activity: 1932

Merit: 442

Eloncoin.org - Mars, here we come!

Quote from: mahilchii on July 03, 2018, 10:15:22 AM

Nope, I don't think this is a good idea because all the price of alts is based on Bitcoin price. I suggest you to sell some alts with 50% and keep the 50% alts where ever they are and buy Bitcoin with the 50%. Don't invest everything in Bitcoin since there is a risk if the price of Bitcoin dips your investment will also be down.

I agree, it's better to put 50% on alts and 50% on bitcoin. We know that bitcoin affects some altcoins, but not all altcoins. It's a good strategy to put 50 to 50 on both, since we don't know what might happen to the price, and also putting some money to altcoin have a benefit. If bitcoin falls, you still have a reserve.

messijun

newbie

Activity: 5

Merit: 0

I am not like the normal dumbass who will dump at the first sign of trouble lol. This is about increasing my holdings as efficiently as possible... the thing with crypto at the moment is that its almost impossible to take a loss if you hold long enough haha.

hisuka

sr. member

Activity: 882

Merit: 251

Quote from: toolucky98 on July 03, 2018, 08:12:02 AM

Quote from: jrrsparkles on May 27, 2018, 11:18:41 PM

I never want to invest on any of altcoins by selling my bitcoins because I knows that bitcoin has more potential than any other coins so it will give more benefits in future if we hold until,if you invest on altcoins you can invest the amount from profits of your bitcoin.

i agree with this, because bitcoin still dominate all coins in cryptocurrency and have the largest price of all

Many had invested in bitcoin because it has the big potential crypto of all. Also the fact there are still altcoins worthy to invest of your money. With these regards of selling alts to buy btc is another options which can gives a profit.

mahilchii

member

Activity: 560

Merit: 13

Nope, I don't think this is a good idea because all the price of alts is based on Bitcoin price. I suggest you to sell some alts with 50% and keep the 50% alts where ever they are and buy Bitcoin with the 50%. Don't invest everything in Bitcoin since there is a risk if the price of Bitcoin dips your investment will also be down.

geegaw

hero member

Activity: 1316

Merit: 502

Quote from: zoomzoom on July 02, 2018, 06:48:34 PM

I fully expect in next few years an or multiple alts to overtake BTC's price, it's clinging on just through support at the moment. So I don't think it's the best advice, just to treat BTC as something that is more worthwhile to invest in than various alts, particularly ETH seems to me a more intelligent longterm investment.

Sure this strategy really is not a wise strategy for investors because although Bitcoin is worth but that does not mean it is always stable and gives us profits on a regular basis, it still has certain ups and downs. When we are a wise investor, what we should focus on is the product that can bring us profit, regardless of whether the product is good or bad, as long as we can earn big profit, we will invest, our goal is to profit, not a blind faith to the future of the product, altcoin still has better chance than bitcoin, bitcoin is never the only option

yihad

newbie

Activity: 10

Merit: 0

Do nothing. Your alt coins will probably go up in value again, and you don't risk fucking up day trading.

toolucky98

full member

Activity: 490

Merit: 100

Quote from: jrrsparkles on May 27, 2018, 11:18:41 PM

I never want to invest on any of altcoins by selling my bitcoins because I knows that bitcoin has more potential than any other coins so it will give more benefits in future if we hold until,if you invest on altcoins you can invest the amount from profits of your bitcoin.

i agree with this, because bitcoin still dominate all coins in cryptocurrency and have the largest price of all

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: Farhan786 on July 03, 2018, 02:23:36 AM

Bitcoin has more potential than any other coins though altcoin and bitcoin are equally hard to predict. Crypto currency is very unpredictable, we don’t know which coin can rise up. So I don't sell my altcoin convert bitcoin. It will be more balancer strategy.

Bitcoin is indeed has more potential than the altcoins but altcoins can be a great field for our bitcoin to invest because the price of altcoins can go up and down faster than bitcoin which means a more volatile type of field which is the best for traders who like scalping or day traders who want to make quick profit.

Farhan786

member

Activity: 308

Merit: 10

Bitcoin has more potential than any other coins though altcoin and bitcoin are equally hard to predict. Crypto currency is very unpredictable, we don’t know which coin can rise up. So I don't sell my altcoin convert bitcoin. It will be more balancer strategy.

glowing10

full member

Activity: 812

Merit: 142

Quote from: MrRiuss on July 02, 2018, 12:18:02 PM

well, every body have their own strategy. there are a lot of people that sell alts buy btc, but there are a lot of people too that sell btc buy alts. so i think it depends on the person own strategy.

It should always be the blend of both. You cannot create a good portfolio with just single coins and some of them are really good coins and can become a future ETH if bough now during ICO or early stage of their life. So to build a best portfolio you need to have a mixture of both.

Burogh

member

Activity: 644

Merit: 10

COVIR.IO

Quote from: MrRiuss on July 02, 2018, 12:18:02 PM

well, every body have their own strategy. there are a lot of people that sell alts buy btc, but there are a lot of people too that sell btc buy alts. so i think it depends on the person own strategy.

Some peoples have their own strategy. I am better keep good altcoin. Off course bitcoin is primary investment in market, but i think collecting some good altcoin like ethereum is profitable too. Some altcoin have good product and have undervalue market cap, i think investing on this kind altcoin will give us big profits beside investing on bitcoin

PalindromemordnilaP

full member

Activity: 518

Merit: 101

Yes i do approve that if you know what alts you are selling because you might sell the very potential crypto which might give you the same profit as those top alt coins right there. But even if you are selling the good alts, it's still good because you will have bitcoin too.

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