Do you approve this strategy: sell alts buy btc? - page 3.

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

Quote from: DHaosociu on August 16, 2018, 10:07:01 PM

I do not agree with this strategy especially if altcoin is valuable and has a good price.

Is bitcoin not valuable?
If you had bitcoin a few years ago, let say you only have 50BTC and you hold it until now, just a question to you how much profit do you have right now? Unlike if you hold altcoin, let say you have 100 ETH and you hold it up to now, how much profit do you get? Try to compare the benefits that you will get to this day, hold altcoin or hold BTC?

jujurloe

newbie

Activity: 103

Merit: 0

the use of the right strategy also requires market analysis, if applied without seeing other factors in my opinion it will cause loss and also waste time

sotoshihero

hero member

Activity: 850

Merit: 504

Quote

Re: Do you approve this strategy: sell alts buy btc?

No. I did regret this becasue I am all in alts. Though they are in top coins list in CM

Netnox

legendary

Activity: 2044

Merit: 1008

In the near future, a lot many of the altcoins are going to die and the market dominance of Bitcoin is going to increase. So if you are holding some of the less known alts such as Bitsend or GBYTE, it may not be a bad option to convert them to Bitcoin.

loyoung

jr. member

Activity: 30

Merit: 37

I think it would be better to have both because basically altcoin can also provide benefits just like bitcoin.

DHaosociu

newbie

Activity: 12

Merit: 0

I do not agree with this strategy especially if altcoin is valuable and has a good price.

binghope

newbie

Activity: 224

Merit: 0

now sell or buy then there is no price satisfaction, in my opinion should not sell or switch between coins now, the market is falling extremely deep, if this does not make you will lose

Joriecoinbit

full member

Activity: 434

Merit: 105

Quote from: pokeronlinestatus on August 16, 2018, 04:08:06 AM

Quote from: ice18 on August 13, 2018, 11:39:51 PM

No of course in my 5 years in crypto I have seen some people got very rich till now and not from bitcoin but from altcoins they are holding like my collegiate he is holding his xrp since February 2017 he buys for only $1500 and he hodl it for one year up to December 2017 and January 2018 he sold half of his xrp worth almost $320k from his $1500 see, how powerful altcoins are compared to bitcoins?

It is fine and we have benefits from all best cryptocurrencies but productivity is something else that is why we desire for Bitcoin. Except Bitcoin all the other cryptocurrencies which are best recommended also generate profit for us but lesser than that of Bitcoin. Now if you have Altcoins and are in profit then I will suggest you to find a way where you can make profit by selling it in order to upgrade to the Bitcoin.

As for me, I will not sell my alts just to buy btc. I'd rather hold both alts and bitcoin as they're both profitable. You can earn profit in bitcoin, and so with alts. Better have it both.

pokeronlinestatus

full member

Activity: 455

Merit: 102

Quote from: ice18 on August 13, 2018, 11:39:51 PM

No of course in my 5 years in crypto I have seen some people got very rich till now and not from bitcoin but from altcoins they are holding like my collegiate he is holding his xrp since February 2017 he buys for only $1500 and he hodl it for one year up to December 2017 and January 2018 he sold half of his xrp worth almost $320k from his $1500 see, how powerful altcoins are compared to bitcoins?

It is fine and we have benefits from all best cryptocurrencies but productivity is something else that is why we desire for Bitcoin. Except Bitcoin all the other cryptocurrencies which are best recommended also generate profit for us but lesser than that of Bitcoin. Now if you have Altcoins and are in profit then I will suggest you to find a way where you can make profit by selling it in order to upgrade to the Bitcoin.

Ridwan.P

full member

Activity: 411

Merit: 101

I don't really agree. bitcoin price increases are not significant every month. even more likely to go up and down. while the increase in altcoin prices is very significant. we all know the rise in altcoin prices, there are several altcoins in just one week experiencing a high price increase. and that is very profitable.

DogmaF10

newbie

Activity: 140

Merit: 0

It could be one of the best ways to invest in a long term. Tho cryptos were known for its volatility, again, BTC is the best for their stability in prices, BTC prices already be of of main factors that could determines the prices of the other altcoins. I personally would rather to choose to investing in BTC than the alts

Lubang Bawah

sr. member

Activity: 1358

Merit: 253

I disagree, this is a bad idea, getting bitcoin by selling altcoins will certainly make 2 things worse, first the marketcap will not increase, and the second will make the altcoin price to zero, if many altcoins die then it can certainly be unattractive .

mahfuj7779

newbie

Activity: 118

Merit: 0

I would not recommend investing in just one crypto currency.if bitcoin seems to have a much lower price.Don't sell your all altcoins for bitcoin.

sumanto

full member

Activity: 462

Merit: 100

I do not agree because the condition of very cheap altcoin prices can provide very much profit when the altcoin price rises and if you sell it and replace it to buy bitcoin it will make you lose because the bitcoin price movement is too slow.

cherrymobile

full member

Activity: 350

Merit: 100

Quote from: brawdias on May 27, 2018, 09:43:04 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 depends on your strategy because you cannot predict what will happen in cryptocurrency because of the manipulation but i thi k if. you know how to see the chart just do sell if you get a good amount of profit and buy more when the value of the goes down again.

Wend

sr. member

Activity: 1400

Merit: 283

DGbet.fun - Crypto Sportsbook

Quote from: munareal on August 10, 2018, 08:55:31 AM

I do not agree with this strategy. Agreed Holding bitcoin is profitable but there are altcoins that will bring in much profit many times over within the period of HODL .

For me maybe ill split it up if we need to earn more profit.
Just hold our btc and others buy some altcoins, We all know this two we can earn profit but we need to think about it of which the way we want to work to.

MiXxe

sr. member

Activity: 462

Merit: 250

Quote from: brawdias on May 27, 2018, 09:43:04 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

Still it was in the range of this question and much more with this stage of bitcoin decreasing its marketcap while the dominance becoming much higher in percentage. In what i am seeing people were selling alts in panic and buy btc which is something good and bad i'm not an expert but i think its good if they know it will go further dump during bitcoin dumping.

kate.poisonglen

jr. member

Activity: 56

Merit: 3

blockchain marketing specialist

Approve or disapprove, it doesn't matter as this is what practically everyone is doing right now.
People panic sell alts, bitcoin dominance grows, alts die to never revive again.

Once the market gets cleared up, whales will start pushing btc price upward again.
This will bring the market to the new stage. New projects and new coins will arise only to die in a couple of years.

Remember the top 10 of coinmarketcap in 2013?
Yeah, I don't remember any of them, too. Apart from XRP and LTC, of course.

https://coinmarketcap.com/historical/20130818/

jonatuzc

hero member

Activity: 854

Merit: 501

Quote from: munareal on August 10, 2018, 08:55:31 AM

I do not agree with this strategy. Agreed Holding bitcoin is profitable but there are altcoins that will bring in much profit many times over within the period of HODL .

Exactly because you sell altcoin for Bitcoin when you do not have enough margin of profit to earn in altcoin. But since we have a rising market in the near future and the worth of your altcoin can rise high as the market rise, you should not sell altcoin to buy Bitcoin and should rather hold both in the same time to get your portfolio diversified. This will also add value to the worth of the portfolio and decrease the probability of loosing money.

ice18

hero member

Activity: 2492

Merit: 542

No of course in my 5 years in crypto I have seen some people got very rich till now and not from bitcoin but from altcoins they are holding like my collegiate he is holding his xrp since February 2017 he buys for only $1500 and he hodl it for one year up to December 2017 and January 2018 he sold half of his xrp worth almost $320k from his $1500 see, how powerful altcoins are compared to bitcoins?

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