Do you approve this strategy: sell alts buy btc? - page 45.

alfs75

full member

Activity: 392

Merit: 100

platform for everyday business

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

I thinks in this situation now,this is not the best strategy to sell all your altcoins portfolio and buy more bitcoin,because bitcoin value now is in red zone and its continously drops down in the market,i thinks the best way to sustained now in this continous dump in the market is to hold all our portfolio and wait for the time,when all in the block chain market will back to normal.

spyerf

full member

Activity: 378

Merit: 103

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

of course everyone wants the existence of his money in a safe position. and in bitcoin they get it all, because a lot of bitcoin fans so bitcoin is more popular. but I do not think we should rule out all altcoins. because so many altcoins there are some of them that have good potential and very profitable to invest.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: Altf4 on May 31, 2018, 06:40:17 AM

If you are familiar in trading strategy of crytocurrency in the different trading sites then the strategy of buy and sell will be good you could either buy bitcoin and sell alts ,or buy alts and sell bitcoins.If any will be profitable then it will be good as long as produce a better results.

thats right. You should always choose whats best for you . In my case i do not sell both of my alts and btc because i prefer to hodl them and i only wait for them to increase so that i can sell them and then buy again at the dip. That is only my strategy.

@op we cant really tell because we never try it out. I suggest you may be try it first and see if that method will work for you, if not then better try another method that will surely fit your style.

Btcwashu

jr. member

Activity: 112

Merit: 1

Quote from: darefreads on May 31, 2018, 06:51:48 AM

I approve in that strategy but I think it depends on the people who owns the money. But I prefer to the begginers like me is having bitcoin in wallet as big investments of yours than some altcoins. To make it more easy to make your profit groe bigger than altcoin. Just like what my friends did to their noney more bitcoins than their altcoina that they have in their wallet.

I can't say it's the best strategy or recommended to sell altcoin and buy bitcoin. And I think it's a big risk because we all know that the price of the bitcoin now are still in the downstream. If you see the potential of the bitcoin will goes up in a few weeks well it's time to sell all your altcoin then invest it in the bitcoin.

darefreads

full member

Activity: 518

Merit: 100

I approve in that strategy but I think it depends on the people who owns the money. But I prefer to the begginers like me is having bitcoin in wallet as big investments of yours than some altcoins. To make it more easy to make your profit groe bigger than altcoin. Just like what my friends did to their noney more bitcoins than their altcoina that they have in their wallet.

Altf4

member

Activity: 322

Merit: 10

If you are familiar in trading strategy of crytocurrency in the different trading sites then the strategy of buy and sell will be good you could either buy bitcoin and sell alts ,or buy alts and sell bitcoins.If any will be profitable then it will be good as long as produce a better results.

jonaire99

member

Activity: 588

Merit: 11

Usually I use bitcoin to buy some good altcoins and hodl them for some days or weeks. When their target is achieved, I sell it for bitcoin because the alts is paired with it. This need constant market monitoring and the risk is also high.

kive2k

member

Activity: 350

Merit: 10

I personally have never adhered to such a strategy, there are many interesting ICOs in which it is worth investing, and then adhere to the "HODL" strategy

Sengoko

full member

Activity: 491

Merit: 105

Quote from: Thirdspace on May 29, 2018, 05:55:10 AM

I think the idea behind this strategy is to take advantage of the low price bitcoin
the writer of that article believes bitcoin will start increasing soon and people will dump their altcoins
so when bitcoin rises, people will sell their altcoins (dumping alts = cheap alts) for BTC then sell BTC to get profit in $ fiat
while this writer moves against the market and take profit in form of accumulating/buying cheap altcoins
so it's a sound strategy to counterpart market's behavior and take one step ahead of the market/everyone

Although this is not that much good to go for other options as you already have bitcoins with you. But still, I think the option and decision is good. You must be checking some other coins and exchanges on regular basis because that will help you to determine which one is best amongst all these. If you are stuck on the best thing from start, you would never be going to check the amazingness of that best thing.

wildan88

legendary

Activity: 1862

Merit: 1046

Quote from: ylnar123 on May 31, 2018, 05:14:20 AM

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 the situation. When the price of altcoins is worth investing then I would rather choose altcoins over Bitcoin. Whenever I see profit on my investment, I would go there even selling my Bitcoin and buying on altcoins. Like I said it all depends on the situation on the market.

yes, all depends on the market situation. such as the current price, bitcoin price fall, and altcoin also fall. We can't sell altcoin at a cheap price to buy bitcoin because uncertain also bitcoin prices will directly increase, how if it falls, it will make me more losses. BTC is my priority, but many potential altcoins, so I'll hold and buy both.

KourtneyK

full member

Activity: 294

Merit: 101

It actually depends if you are meticulous and want to assure your money is on the right coin. I actually am planning to sell all of my altcoins and convert them all to bitcoin and just hold them until the time I finally can say this is the amount I was aiming for.

ylnar123

member

Activity: 350

Merit: 10

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 the situation. When the price of altcoins is worth investing then I would rather choose altcoins over Bitcoin. Whenever I see profit on my investment, I would go there even selling my Bitcoin and buying on altcoins. Like I said it all depends on the situation on the market.

thetruth123123

member

Activity: 280

Merit: 10

Yes, But I sell only those alts which on my opinion are not very perspective, because from time to time there are alts, which are flying better than anything

Daniel91

legendary

Activity: 3374

Merit: 1824

I first earned some bitcoin through paid work.
After that, I invested some part of btc funds in other crypto currencies in order to diversify my investment.
It's true that btc is still the main entry point for many new users and usually if btc price go up, alts prices also go up and if btc price go down, alts price also go down.
So, it looks there is no so much difference if you have everything in bitcoin only, or also if you invested in more crypto currencies.
It's my experience, any way.

icoworld

member

Activity: 300

Merit: 10

I think that in part I approve of there are some altcoins that are very promising and it would be foolish to sell them

leavolnhals

full member

Activity: 770

Merit: 101

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

This strategy is good but I think it does not bring too much profit. Because bitcoin is relatively light and it does not bring too much profit to the Bitcoin holders.
I think the trading and holding of long-term altcoins is better than holding Bitcoin.

andrino

newbie

Activity: 193

Merit: 0

Thanks for the links. Anyway I wound not sell all my alts maybe some in order to avail a little amount of bitcoin. It is good to have bitcoin while I also have altcoins. Both are very profitable if it goes up.

redsun114

hero member

Activity: 2674

Merit: 585

Leading Crypto Sports Betting & Casino Platform

Quote from: Lorence.xD on May 28, 2018, 04:52:38 AM

Quote from: Direwolve735 on May 28, 2018, 03:41:44 AM

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

I would not recommend investing in just one crypto currency. Undoubtedly, bitcoin now leads the market, but this does not mean that you can ignore the rest of the crypto currency. To date, we can see a large number of promising coins, in which it is worth investing. Therefore, I share the investment and choose several worthy projects.

Every investor have a general principle to follow applied in the trading market, Putting all investment in one crypto currency coin project is not accepted or not my style of strategy for investment, anything can happened in every trading market at any given time, if you've invested all in one such project it will be a great gamble, you may gain a huge amount for such profits, but if the price value of such coin drops, you will be losing all of your investment. So, it is not a good idea to put in all your investment in one project.

Selling of Altcoin for Bitcoin is also relevant as the Bitcoin price is many times more than that of Altcoin and its investment will give you more profit. In order to buy Bitcoins you have to sell the Altcoin in a high market in which you are finding yourself in profit as Altcoin investment is also profitable, now invest in Bitcoin with that profit which was gained from Altcoin’s market to invest in a low Bitcoin market. This strategy means you are upgrading in the crypto market.

MAJICOIN

full member

Activity: 364

Merit: 100

Strategy which i follow in these days are the holding of these coins because the market is tough and short selling is not a good idea so we have to use these coins for investment purpose.

roseann072518

newbie

Activity: 182

Merit: 0

I can not say that's a good strategy. . but for me it's ok to buy a bitcoin if its low price, there's many altcoin like bitcoin that good potential too. it's up to you how you handle, if you know that coin have potential..why not? should you try but do not give it all invest wisely.

Topic: Do you approve this strategy: sell alts buy btc? - page 45. (Read 3336 times)