Do you approve this strategy: sell alts buy btc? - page 33.

taiwww

sr. member

Activity: 588

Merit: 257

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

This is not a strategy but just way of trading your alts. I dont think that buying btc by selling your altcoins means anything at all. I mean it is simple fact that, if you bought your auctions at some point then you bought them with vision of something! Like getting 40% profits out of this portfolio or at least sell the alts when they will be 2x, 5x or etc. If you buy altcoins with that strategy then why even care to sell them for the bitcoin? Always keep both thing separate and do not mix them for any investment. If you see bitcoin has dropped and want to make some investment then do it with additional fiat but not the alts. This wont disturb your investment at all.

Maricurijohn

jr. member

Activity: 294

Merit: 8

The Premier Digital Asset Management Ecosystem

Quote from: Cryptoproff on June 10, 2018, 02:02:46 AM

Currently the coins I hold are bitcoin, ethereum and neo, in the slightest I don't think to sell my altcoin to buy bitcoin, I will let it be there because I feel confident their price will grow along with rising bitcoin prices.

If you decide to invest in many BTCs, it is a wise decision, only the stable BTC and the highest income for you, I think when I hold the BTC I feel very secure, without any What worries me when I hold them. Only in a short time have many people become rich thanks to BTC.

Acsirp

newbie

Activity: 126

Merit: 0

It is okey , that strategy can be use sell altcoins and buy bitcoin , it is for judgement and try, if that strategy will be good for your investment then try it ,if it is not good then try another strategy where you fit the profit of your investment.

WHTP

newbie

Activity: 51

Merit: 0

I've had 100% of my crypto in alt coins and it has not been good. My thinking being that it might give me the greater chance for return. But after reading some comments I think I really should a large percentage into Bitcoin. It's just tough because you're basically putting back less than what you started with.

Ranly123

full member

Activity: 952

Merit: 104

★777Coin.com★ Fun BTC Casino!

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

I think it's not a good idea to begin with. Putting your eggs at one basket will make the risk even higher. Knowing that Bitcoin already is an established cryptocurrency but it is still not a guarantee that it will give you a decent amount of profit when you want to invest from it. It would be good if you divide your assets to many to lessen the risk of volatility.

tukang_rosok

sr. member

Activity: 476

Merit: 250

Quote from: Cryptoproff on June 10, 2018, 02:02:46 AM

Currently the coins I hold are bitcoin, ethereum and neo, in the slightest I don't think to sell my altcoin to buy bitcoin, I will let it be there because I feel confident their price will grow along with rising bitcoin prices.

if you confident with altcoin that you hold,,let them in wallet.dont put in exchange wallet, i think its risky for our balance.neo maybe in several years will soar sharply.

Cryptoproff

member

Activity: 224

Merit: 10

Currently the coins I hold are bitcoin, ethereum and neo, in the slightest I don't think to sell my altcoin to buy bitcoin, I will let it be there because I feel confident their price will grow along with rising bitcoin prices.

insikko0413

newbie

Activity: 112

Merit: 0

Quote from: mriansa on June 10, 2018, 12:47:07 AM

I prefer to buy alt instead of bitcoin because a lot of altcoin can give you an advantage and lots of altcoins are already profitable and make people who buy them become rich because altcoin has a useful and good product.

Selling alts to buy bitcoin is not a good strategy considering that investing in bitcoin is very risky due to massive fluctuation of its market value.

mriansa

full member

Activity: 560

Merit: 105

I prefer to buy alt instead of bitcoin because a lot of altcoin can give you an advantage and lots of altcoins are already profitable and make people who buy them become rich because altcoin has a useful and good product.

chocolah29

full member

Activity: 588

Merit: 128

Quote from: malah on June 09, 2018, 10:11:36 PM

maybe it depends on which coin now has a very good price and increases, if altcoin price now has good movement then why not, I will sell my bitcoin and move to altcoin and when bitcoin price will increase then I will go back again to bitcoin

I bet it's risky to sell your bitcoin to alts considering how high is the volatility of it. I would suggest just to turn your alts to bitcoin and that will be safe but you should consider first the recent price. Don't be too dumb to choose bitcoin over alts especially if you reall want to sleep safe and sound.

Mr.grin

legendary

Activity: 1218

Merit: 1000

Quote from: MiXxe on June 09, 2018, 11:52:42 PM

Quote from: Bagani on June 09, 2018, 11:00:28 PM

No, altcoin is the best in terms of getting a high profit. The price is very cheaper unlike btc which is so hard to holf even 1 btc. In altcoin we can hold even a thousand if coins. I just perfer btc if you are a big investor can buy hundreds of btc so if the price goes up you can earn more than x2. But if you unable to hold even 1 btc i must say to go with altcoins

You couldn't assume that altcoins are more profitable than bitcoin because in the 1st place it is cheaper than bit coin.
However we also have to consider the risk of investing in altcoin because we are not sure about its profit.

Well, it all depends on the circumstances. I will do that if it is necessary to do. selling alt in a dump state is not a good idea for collecting bitcoins. but, waiting for the right time to sell it, and hold it in bitcoin as a long-term investment.

MiXxe

sr. member

Activity: 462

Merit: 250

Quote from: Bagani on June 09, 2018, 11:00:28 PM

No, altcoin is the best in terms of getting a high profit. The price is very cheaper unlike btc which is so hard to holf even 1 btc. In altcoin we can hold even a thousand if coins. I just perfer btc if you are a big investor can buy hundreds of btc so if the price goes up you can earn more than x2. But if you unable to hold even 1 btc i must say to go with altcoins

You couldn't assume that altcoins are more profitable than bitcoin because in the 1st place it is cheaper than bit coin.
However we also have to consider the risk of investing in altcoin because we are not sure about its profit.

Bagani

member

Activity: 375

Merit: 18

send & receive money instantly,w/out hidden costs

No, altcoin is the best in terms of getting a high profit. The price is very cheaper unlike btc which is so hard to holf even 1 btc. In altcoin we can hold even a thousand if coins. I just perfer btc if you are a big investor can buy hundreds of btc so if the price goes up you can earn more than x2. But if you unable to hold even 1 btc i must say to go with altcoins

malah

full member

Activity: 504

Merit: 100

maybe it depends on which coin now has a very good price and increases, if altcoin price now has good movement then why not, I will sell my bitcoin and move to altcoin and when bitcoin price will increase then I will go back again to bitcoin

meanwords

full member

Activity: 1624

Merit: 163

A smart investor know how to liquefy his investment. Bitcoin is just one cryptocurrency, meaning, you'll only depend on it. If it's market price dip, then it's a total loss and there's no going back. Also, Bitcoin's market capitalization is so high that profiting from it is slim and if you don't have serious capital, then you won't profit much. While altcoin in the other hand. Altcoin is also known as alternative coin which means it is an alternative for Bitcoin and there's a lot of them not just one. Altcoin gives you greater chance to profit as it is volatile than Bitcoin. Also, the market capitalization of altcoin is low (depending on the coin), meaning, a coin's price could increase 10 fold in just a moment. So yeah, I think selling your altcoins to buy Bitcoin is a bad investment strategy for me.

Btc_1856

sr. member

Activity: 1540

Merit: 255

If you buy the altcoins at high and it is impossible to sell them for low price, the only choice we have is wait until, the market starts recovering. If you convert them to btc you will get very less BTC.

markk94

full member

Activity: 308

Merit: 100

I am already satisfied to join in altcoins market and having some altcoins as my asset. For me, im not having any intention to turn my altcoins into bitcoin. Because i could get more bigger profit percentage in altcoins than in bitcoin. That happened because of my little amount of asset that i have.

hachimon

newbie

Activity: 92

Merit: 0

Quote from: hsyncl on May 27, 2018, 11:25:51 PM

I do not fully agree but I believe that the investment in your hand should be 70 percent bitcoin as 30 percent altcoin. If you make your whole investment as altcoin or bitcoin, you will miss many opportunities.

really I really agree with you. in investing cryptocurrency we do not invest all our money in bitcoin alone or altcoin alone. we should invest as much as we can afford to lose then if not yet have bitcoin sell some altcoin to buy bitcoin i think strategy is good. but do not sell all altcoin. then signed up for another signature campaign to get altcoin. or trade.

Blackdeath

sr. member

Activity: 910

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

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

I think, that was really the most common strategy Bitcoin users do to obtain more Bitcoin in their account. Earning and gaining altcoins from various ways like investing into ICO or joining into campaigns that let them earn altcoins as a reward for the job well done and when the price is right, they will trade it in exchange for Bitcoin or any other type of cryptocurrency they wany including Ethereum as well because users are being mindful that altcoins to be traded into Bitcoin value is much more beneficial and useful since it can be used on a worldwide transaction nowadays added by the fact that Bitcoin is playing the lead role among other cryptocurrency.

darkangel020716

full member

Activity: 322

Merit: 100

Yes, it is common method right now, I've been doing that since last month. Fixing is what is called, selling alts to convert it into BTC is like fixing your loss , You will gain instead of losing, also vice versa sell BTC to buy alts is acceptable.

Topic: Do you approve this strategy: sell alts buy btc? - page 33. (Read 3375 times)