Do you approve this strategy: sell alts buy btc? - page 44.

shone08

sr. member

Activity: 602

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Quote from: @baracitamon on May 31, 2018, 05:17:14 PM

Quote from: Hillthy on May 31, 2018, 09:44:03 AM

Yes, I agree with this strategy. Because I'm an investor with a long-term perspective. In fact, BTC is always a coin of profitability over time. When seeing the convincing growth of bitcoin in 2017 from $ 2000 to $ 20,000. I really believed BTC was the king of cryptocurrency. So, to me BTC is the best coin in the long run. I will sell altcoin to buy BTC.

It is not quite right to say that BTC is a lucrative penny over time. It is true that BTC and the Crypto market are falling sharply, but there is nothing to predict. The BTC will continue to increase, but my forecast is that the BTC is below $ 12,000. from now on.

Well all of us have a different strategy to earn in crypto world, selling your altcoin and invest to bitcoin is not a good or bad idea the price are below $10k so meaning it has a dentency to create a good profit in the future.

@baracitamon

newbie

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Quote from: Hillthy on May 31, 2018, 09:44:03 AM

Yes, I agree with this strategy. Because I'm an investor with a long-term perspective. In fact, BTC is always a coin of profitability over time. When seeing the convincing growth of bitcoin in 2017 from $ 2000 to $ 20,000. I really believed BTC was the king of cryptocurrency. So, to me BTC is the best coin in the long run. I will sell altcoin to buy BTC.

It is not quite right to say that BTC is a lucrative penny over time. It is true that BTC and the Crypto market are falling sharply, but there is nothing to predict. The BTC will continue to increase, but my forecast is that the BTC is below $ 12,000. from now on.

YoungMaster

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MYCRYPTOBANK.IO

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

Sell my altcoins to buy bitcoin only in situational condition like when bitcoin price is on down so that i can buy many bitcoins.
But not always like that, sometimes i hold my altcoins especially if the altcoin have big potential.

smarcio

newbie

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I also disapprove this strategy. If you are the holder, you could buy bitcoin and altcoins for a long time. It will be more balancer strategy.

makolz26

sr. member

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Merit: 254

Quote from: YTBitcoin on May 31, 2018, 04:15:55 PM

Quote from: needtor22 on May 31, 2018, 08:30:49 AM

for us, we should invest in bitcoin instead of investing in altcoin, as altcoin prices follow bitcoin prices, as well as bitcoin prices up and down nice so you can get more profit.

If someone is holding for a longer time and will forget his or her investment then I will suggest what you suggested to invest only in bitcoin while if a person is looking for investment for shorter time and they only want a short term trade or day trade then they can use altcoins for their trade as every day we see one or two coins reaching much high in percentage.

That is right, we all have different strategies here and those depends on our capabilities, how we focus and our time, if we do lack of time then there is no way we can do day trading, what we can do is just to hold and do trading, if we are really interested in day trading then we must sacrifice our time for us to focus on it.

YTBitcoin

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Quote from: needtor22 on May 31, 2018, 08:30:49 AM

for us, we should invest in bitcoin instead of investing in altcoin, as altcoin prices follow bitcoin prices, as well as bitcoin prices up and down nice so you can get more profit.

If someone is holding for a longer time and will forget his or her investment then I will suggest what you suggested to invest only in bitcoin while if a person is looking for investment for shorter time and they only want a short term trade or day trade then they can use altcoins for their trade as every day we see one or two coins reaching much high in percentage.

Biggapp

sr. member

Activity: 574

Merit: 256

Quote from: putra daerah on May 30, 2018, 09:55:37 AM

if i am more confident to sell alts and buy btc, because btc in terms of market price is more stable than alts.
ea depending on you alone, to keep choosing alts or btc.

I am afraid it is not true. Bitcoin is the most unstable and fluctuating currency at the moment rather it is world’s first most volatile and profitable asset. Stability is antonym to BTC. The reason is, we do not have this asset in a large supply while its demand increases with time pushing value too much. Even a buying or selling of a small scale can make a big difference in its price. Selling alts for getting BTC is a wise move.

Wonder_woman

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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

For me, it depends if the altcoin is really potential why would you sell? But if your alt does not have potential then sell it for bitcoin and wait because I know bitcoin is potentially capable of mooning in the long run.

shulio

legendary

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Even they have more use cases and more technology, none of the altcoins or ICO's or tokens are successful as Bitcoin. Bitcoin is better investment than the all remaining crypto currencies.

Hillthy

newbie

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Yes, I agree with this strategy. Because I'm an investor with a long-term perspective. In fact, BTC is always a coin of profitability over time. When seeing the convincing growth of bitcoin in 2017 from $ 2000 to $ 20,000. I really believed BTC was the king of cryptocurrency. So, to me BTC is the best coin in the long run. I will sell altcoin to buy BTC.

rat03gopoh

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In my opinion, other people's analysis is only 30% helpful in trading others, the remaining 70% is how a trader judge for themselves market conditions. Precisely if you have little capital, highly recommended to be altcoins traders are much cheaper. Because every penny of their price movement is very significant

DjTremor

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Quote from: Flickkk on May 31, 2018, 08:34:42 AM

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

that is not a good idea.
it is better if you use Ethereum . because Ethereum has a good chance that it will pump like last year .
and Ethereum is better than bitcoin.
i did that thing i sell my Alts then convert them top bitcoin. i just did that because bitcoin is i only know how to convert it into a fiat cash. .
but now i know now how to convert Ethereum to be cash out into a fiat cash

This depends on the market trend. Without seeing the trend, you cannot decide if you should sell alts to turn back to bitcoin. Sometimes you should sell bitcoins to turn back to alts. This is a reality.

PX-Z

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pxzone.online

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 disagree with you mate, that selling all your altcoins and to have only bitcoin is not recommended, because bitcoin is the most secured crypto that you may have compared to other altcoins, and bitcoin is the most recommended crypto by almost all crypto holders, so how could you say that holding a single crypto (bitcoin) is not recommended?

Flickkk

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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

that is not a good idea.
it is better if you use Ethereum . because Ethereum has a good chance that it will pump like last year .
and Ethereum is better than bitcoin.
i did that thing i sell my Alts then convert them top bitcoin. i just did that because bitcoin is i only know how to convert it into a fiat cash. .
but now i know now how to convert Ethereum to be cash out into a fiat cash

needtor22

copper member

Activity: 294

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for us, we should invest in bitcoin instead of investing in altcoin, as altcoin prices follow bitcoin prices, as well as bitcoin prices up and down nice so you can get more profit.

wtbhitlv

newbie

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Merit: 0

I agree with you very much, especially in a down market, so that you can protect your money. We all know that the volatility of altcoin is much larger than that of BTC when the encryption market fluctuates violently.

BlackBeauty

member

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Quote from: bapetdik on May 31, 2018, 07:32:18 AM

I do not agree on that. If the price of altcoins is falling and bitcoin is rising. Then maybe I will not sell altcoins to buy bitcoin. We all have something of value and we can make choices for it. So we do not have to sell altcoins to buy bitcoin. All have a choice.

But i think its depend on investors if they want to sell their altcoin and buy bitcoin so it will not wrong because maybe they really need profitable money and that's why they convert their money in bitcoin, because when currency is going to down so it take some time to again high and that's why many people are fear from losing of their money.

bapetdik

full member

Activity: 373

Merit: 100

I do not agree on that. If the price of altcoins is falling and bitcoin is rising. Then maybe I will not sell altcoins to buy bitcoin. We all have something of value and we can make choices for it. So we do not have to sell altcoins to buy bitcoin. All have a choice.

mrBTCman

jr. member

Activity: 80

Merit: 1

Well, many men- many minds and as a result many strategies. I won’t claim that this strategy is doomed, but my one is different: I think that it’s wise to keep some alts too. Crypto currency is very unpredictable, and since we don’t know which coin can rise up to the moon, it’s better to deal with several coins.

Wasaisisi

newbie

Activity: 98

Merit: 0

Selling altcoin to buy bitcoin I do not think is effective enough to gain an advantage. It's better to keep altcoin and bitcoin available, and be patient to sell it when the price is on the rise. Because altcoin and bitcoin are equally hard to predict, so nobody knows which gives more profit.

Topic: Do you approve this strategy: sell alts buy btc? - page 44. (Read 3360 times)