Do you approve this strategy: sell alts buy btc? - page 35.

Bugsbey

newbie

Activity: 182

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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

Bitcoin is really is a favorite coin of everybody. But there are also altcoin which are potential. Nothing is wrong with selling altcoins to buy bitcoin. But it is also good to invesr some altcoins.

avtonomro

newbie

Activity: 86

Merit: 0

You should always diversify so as to remain safe. Having more of bitcoins is more practical as it is growing consistently.

Menawi12

member

Activity: 700

Merit: 10

Bitcoin is till most favorite coin in market because have biggest liquidity in market. But i think, nothing wrong if we hold our altcoin. There is many altcoin have real product and undervalued market cap. Its potential to give us big profits.

Osarman

hero member

Activity: 952

Merit: 503

Quote from: bowals on June 07, 2018, 11:56:48 AM

this is an excellent strategy especially for the weak hands, because btc has the biggest assurance/ confidence therefore you can sleep easy, but for investor and similar minds, ROI on bitcoin isnt so great

This strategy is only valid if you are no longer interested in short term investment of money or even day trading. If you want to continue day trading, then it is better not to sell your altcoins as bitcoin is not a good choice when it comes to that of the day trading. Make this choice only when you are ready to go for long term investment of money as bitcoin is only good when you hold it.

Elseye

full member

Activity: 378

Merit: 100

ApolloX

Totally not. My best incomes are directly from alts, though this year is extremely tough for alts. I still manage to get profits by holding promising coins.

codegnome

sr. member

Activity: 782

Merit: 258

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Quote from: Kapee on June 07, 2018, 01:39:14 PM

I have Ethereum, EOS and Ripple coin, should in sell all and buy BTC? This is one of the problems faced by bounty hunters, either to sell all alts and buy btc or to keep the alts and forgo the btc. To me, I would like to sell just a few of my alts and use the amount gotten to buy btc. Btc is at an increasing rate and the market use to spike as days go by.I can decide to make it 80% for btc and 20% for alts.

That is true, spliting whole amount of coins in some alts and some of it in bitcoin should bring you some profit in future, you just need to focus on the most "wanted" and after some time you will find results of that.

Tungsten-1

sr. member

Activity: 994

Merit: 256

Quote from: Ann Impas on June 07, 2018, 02:11:18 AM

For me as much as possible better to have both of them bitcoin and alts. Don't sell them all. Much better to have multiple portfolio rather of just having one, to prevent too much lost.

So as to me i think that you seem to be a smart person in your life, i have read a lot of comments in this thread and everyone is saying that yeah! I approve this strategy and I will do the same as others are doing but it’s better to avail both of the opportunities rather than to choose one of them. Both are growing day by day and going sky high so keeping both would be a better thing.

BlueStackz

legendary

Activity: 1204

Merit: 1028

Quote from: KrishaBitcoin on May 29, 2018, 05:18:46 PM

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 will always depend of the situations like if my Altcoins are going crap that its look like will not recover specially if the team if that coin Altcoin is in active then better to sell your coins and buy Bitcoin but if my certain Altcoin has a huge potential then better to sell some of my Bitcoin and buy more of that promising Altcoin.

Apparently, as long as there is no longer a team, then there is simply no longer a coin and as long as there is no product backing a coin, then the coin eventually and in the long run is useless.

Some altcoins sure do have a lot of potential and there is no doubt about that, but the thing is that most of them really lose it with the way they get pumped and dumped easily and with the way the market is controlled by bitcoin movement, it is more like most traders just increasing their bitcoin stash for bitcoin.

Osarman

hero member

Activity: 952

Merit: 503

Quote from: berungan on May 29, 2018, 05:00:31 PM

I think it all depends on the price, if the bitcoin price goes down I will sell my alts, that way I can buy a lot of bitcoin. we need to know that bitcoin is more potential than alts and bitcoin prices may affect other altcoins.

Right from time, the idea of alts for me has been more like a way to increase the number of bitcoin that I am holding except for some few alts though. Let's face it, some alts are simply not just worth holding looking at the fact that they are simply just a pump and dump and most of them always end up getting screwed back to where they picked up from eventually, so why hold such alts for the long term than probably just to buy them at dips and trade them during pumps.

Triffin

sr. member

Activity: 952

Merit: 251

Quote from: Wintersoldier on June 06, 2018, 01:14:32 PM

This strategy could work to others but not to all. Because we all aware that market in cryptocurrency is different in each country. So it is much better to have a strategy that would fit on the existing market on the specific country where we are currently living and enjoy the benefits we could take on the trading we could set upon on the market. If bitcoin is much easier to used it safer to say to invest to bitcoin more but if its the other way around try something else.

There are many strategies in the market which are usable in different times, you can not out one strategy in different time and to avoid this you must monitor the market and should put the relevant strategy. You can sell other products so if you are in profit and should invest in more valuable currency in case of crypto market Bitcoin is the most valuable currency with huge profit.

Kapee

jr. member

Activity: 182

Merit: 1

I have Ethereum, EOS and Ripple coin, should in sell all and buy BTC? This is one of the problems faced by bounty hunters, either to sell all alts and buy btc or to keep the alts and forgo the btc. To me, I would like to sell just a few of my alts and use the amount gotten to buy btc. Btc is at an increasing rate and the market use to spike as days go by.I can decide to make it 80% for btc and 20% for alts.

emezh10

hero member

Activity: 826

Merit: 501

If yu are going to sell alts for you to buy bitcoin it is much better to try trading and feel free to lesrn the changes in terms of price on each coin. It eould help you to create a much better strategy on either buying or selling depending on the current price of each crypto you have as an investment.

rmel0924

member

Activity: 231

Merit: 10

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

Maybe I can do this when the price is going down with alts. There are some alts which is no longer active, where the developers are leaving and there only few left trading the coins this is where I will sell my alts and invest or trade bitcoin. Bitcoin is the best investment because there is huge profit awaits when you hold bitcoin.

CarnagexD

sr. member

Activity: 1498

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Quote from: Rufsilf on May 27, 2018, 11:27:31 PM

It depends, if bitcoin seems to have a much lower price and I think I can buy many bitcoins with my altcoin, why not? You see, bitcoin has more potential than alts since it's the original cryptocurrency recognized in the world, and the price of altcoins also depends on bitcoin so buying the original one is much better than keeping the newly made ones.

It will depends on the current status of the price of both subject you want to trade upon. If you are going to trade in or to buy with a cost of selling you alts it is much better to analyze and play with the price of both sides for you to know what is the best decision you could have for the future. It is not bad to be skeptic sometimes in dealing decision like this for you to earn more and gain more profit in the future.

bowals

newbie

Activity: 140

Merit: 0

this is an excellent strategy especially for the weak hands, because btc has the biggest assurance/ confidence therefore you can sleep easy, but for investor and similar minds, ROI on bitcoin isnt so great

sarjilcse

member

Activity: 252

Merit: 10

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

In my opinion I would still try to keep both. I would diversify it into alts and Bitcoin all the way since they have a huge earning possibility when they pumped up.

xSkylarx

hero member

Activity: 2366

Merit: 594

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 agree with this strategy and I find it a wise way of earning good profit. There are lots of altcoins these days but most of them don't have a good value so I think it is better if we'll just sell it and buy more bitcoin to hold specially these days that bitcoin is currently low and is in red.

jakoylantern

full member

Activity: 560

Merit: 107

For me, it depends on the current situation, why will you sell all your altcoins if this coin is much profitable than bitcoin. Yes, we know that bitcoin’s price is still high and much higher compared to that altcoin or another cryptocurrency but, what if this other coin is much profitable to bitcoin. We can earn and gain both sides but don’t sell all your another cryptocurrency because of bitcoin; it's much better if you have many different coins because most of the coins right now increase its price rate. But like I said it depends on the situation because if you sell your altcoin right now, it's better because if you have ethereum, its much better to sell your ethereum now and convert it to bitcoin because ethereum’s value right now plummet, and bitcoin’s amount right now is increasing.

nebuch

member

Activity: 588

Merit: 11

Actually you are right that this strategy to sell all of your altcoins just to buy bitcoin because it seems imbalance situation on that decision. For me it is a way of immature person not knowing what will be the possible to happen in case he/ she do such rush decision is good nor bad. It should be in under construction once everything will gone. And that situation is not so easy to overcome because once you lose something or someone that important to you it is really hurt.

19Nov16

sr. member

Activity: 1722

Merit: 252

Quote from: tepakpak on June 07, 2018, 09:47:47 AM

If all altcoins are sold just to buy bitcoin, I do not agree, because bitcoin is a long-term asset. and make no mistake, profit from altcoin should not be underestimated. If you want to buy bitcoin at the lowest price does not matter, it is also very good but do not all you invest in bitcoin.

I think so, if bitcoin stands alone then it also will not be good for bitcoin, over dominating and no competition will make users bored and it will add more haters.

Topic: Do you approve this strategy: sell alts buy btc? - page 35. (Read 3360 times)