Do you approve this strategy: sell alts buy btc? - page 42.

Glorypaasa

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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

Well some of the bounty hunters do this strategy they joined in bounty program and after getting their rewards they sold their alts and they convert it to bitcoin, I think is a good strategy but we cannot deny the fact that there are many potential alts but if you are planning to hold for long term bitcoin is much better than the other crypto.

roflmao129

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Quote from: Inikoo on June 01, 2018, 10:53:27 AM

Don't think it is necesery either. If there is a big bull market, alts are much better to hold, and the prices are so low now, that I see more chance of alts value rising more than bitcoin, than the opposite.

There is more risk in holding altcoins. HOwever, they do bring us a great amount of money which bitcoin can not provide. If you want to be rich, you need to understand cryptocurrency in order to make a right investment on a right altcoin. There is another way to make money with altcoins: trading. Trading is not very hard. You can learn trading on the internet or on youtube. There are too many tutorials out there and you do not need to be afraid of having no guide

noictib

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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

Here I will say that don't go with anyone's suggestion easily because the main reason is that everyone have his own point of view , here at this stage what I am facing would like to share with you , not everytime bitcoin will get at high price and in the same way not altcoins market will go for the high price then what the price of the bitcoin remain stable in comparison of alts market , and also not every time we will remain happy with both of them market , so we need to turn our money in every part ( in bitcoin , altcoins , fiat value i.e bank value ) this will help you to have less tension problem of dump in any of the market .

felixesteban

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You will not find a strategy that is effective in all circumstances. Every situation has its own characteristics. So you may need to change strategies constantly . It's also a place where there are speculations and manipulations. That's why the easy solutions are not available.

faithupgrade

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I keep on doing this, I sell all my alts when the alts is about to fall, I am consulting RSI and MACD to verify the next direction of the altcoin. I am selling my BTC if the altcoin is already oversold and bought altcoin from it.

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

muddy waters

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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 ?

That's actually what most people do - they buy alts, sell them for a profitable price and then convert them to eth or btc.
In this article Spencer Bogart suggested it right that "many altcoins are likely “overvalued”" - there are so many alike projects dealing with the same problems.

apolonio

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I would rather invest or buy alts now. Bitcoin has the potential to pump high again, even this is the best time to buy bitcoin maybe i jusy invest five percent of my money then 15% in alts. Im not sure anymore in bitcoin will be the same during the past year happened.

coinplus

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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.

Bitcoin has always had potentials and always will. I cannot say that one should sell all altcoins anyway, but at the same time, it is necessary to always stay careful as much as possible, knowing that even if you are investing in any altcoin, you really want to be investing in an altcoin that you are sure do have huge support and looking at some of the things that happened last year with most of the altcoins hitting bottom low when bitcoin started a bull rally, it is not a guarantee that something like that will not happen again.

talenah kotang

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I do not agree if all altcoins are sold just to buy btc, at least you leave your coin investing in another coin. because if everything is invested in btc then you will just wait a long time and throw a lot of chances to get profit from other coin.

ashkanm

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I don't think it is right that to sell your altcoins and buy bitcoin because altcoin and bitcoin are the same price movement when bitcoin down also altcoins down. alt coin could be very profitable if you can invest in the correct coin, and it's a good idea to diversify your investment, so you don't lose all your money at once

pantheraio

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Looks like buying bitcoin by selling Altcoin that we have is something good if we are confident and believe that bitcoin will continue to grow in the future. For me personally, I will keep my altcoin and keep my bitcoin too, because I think altcoin and bitcoin also have the same opportunities to make a profit.

Inikoo

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Don't think it is necesery either. If there is a big bull market, alts are much better to hold, and the prices are so low now, that I see more chance of alts value rising more than bitcoin, than the opposite.

Icoalert00

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I don't think so the alts are the assets and also the back up of bitcoin and traders also when the market of bitcoin is not that good and it is decreasing for sure many trader will pull out their money and putting it on some alts and it is normal in trading. I don't think that strategy will attract people. Buying more cryptocurrency will be better.

jerix

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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

Yes, I also do not recommend it. Because I will not sell all the Altcoin I have just to buy and stay in Bitcoin. Bitcoin is very promising and profitable but many Altcoin also has good prospects for the future. So I will keep Bitcoin and also hold my Altcoin. I am sure I am not wrong choosing the coins I hold.

Adhichan

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Quote from: Lhaine on June 01, 2018, 06:49:19 AM

Quote from: reverseflash on June 01, 2018, 06:23:34 AM

Often trade of an altcoins can make for more profit than bitcoin. But if to consider the possibilities of long-term investments, then the bitcoin will be on the first place.

Bitcoin will always on the top, but I don't think its a good idea to sell all your altcoin just to have bitcoin, because you can have bitcoin without sacrificing your altcoin, just do what you think that can give you profit.

so it mean we have add our capital to buy more altcoin? for some people it can be happen, but for other that have small capital , they need to do this for split their asset to gain more profit.

Lhaine

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Quote from: reverseflash on June 01, 2018, 06:23:34 AM

Often trade of an altcoins can make for more profit than bitcoin. But if to consider the possibilities of long-term investments, then the bitcoin will be on the first place.

Bitcoin will always on the top, but I don't think its a good idea to sell all your altcoin just to have bitcoin, because you can have bitcoin without sacrificing your altcoin, just do what you think that can give you profit.

lionheart78

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I believe some are doing it already since then. Some are buying altcoins and trade them for bitcoin and some for ethereum. Some altcoins have a short life span and after sometimes they become inactive until they are totally forgotten.

reverseflash

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Often trade of an altcoins can make for more profit than bitcoin. But if to consider the possibilities of long-term investments, then the bitcoin will be on the first place.

ScottAdam.

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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.

nightways

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Quote from: malbano2099 on May 29, 2018, 10:59:48 AM

on the off chance that we investigate the market in the ongoing days, I dont figure this would be a smart thought, however the bitcoin costs are going down now, alternate alts are even goes further, in regards to the costs, it is imprudent to offer our alts and purchase BTC, as the hole was too huge I think.on't feel that to offer altcoin will give us much bitcoin particularly if the altcoin cost is down like today on the grounds that the measure of bitcoin that we can get is decreased. possibly it's smarter to hold the altcoin that we have until the altcoin cost has returned to increment again so on the off chance that we offer the altcoin, we can get much bitcoin and we can sit tight for bitcoin cost has returned to increment to offer the bitcoin.

This strategy is very good as Bitcoin is the most valuable coin and we know that anything having long term trusted store we should invest in that and we further know that Bitcoin has long term trusted store of value more that other currencies so investment here is very good. You should sellout your Altcoin but in a high market so that your investment work out.

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