Do you approve this strategy: sell alts buy btc? - page 47.

thend1949

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Quote from: tabas on May 30, 2018, 12:55:25 PM

Quote from: reda on May 28, 2018, 07:05:16 AM

Quote from: tabas on May 28, 2018, 06:38:20 AM

Accept the fact that altcoins are more of pump and dump and is producing profit for the day traders. I don't care if he's a pioneer in blockchain on Wall St.
Some will have an uplift eyebrows for just investing in bitcoin, you have your own strategy and the guy isn't forcing you to invest to bitcoin only. But as a long term holder bitcoin has been always reliable in terms of profit and growth for years.

Nowadays more coin release in the market place. So choose the best coin. Then invest. Bitcoin is king of all coin.

Why would I choose the best altcoin and just settle bitcoin next. I would rather choose to invest in bitcoin first and let it happen if there will be an altcoin that will get my interest.

It depends on the quality offer, the status and background of altcoins, and market condition. I think there are also a lot of altcoins that have so much potential for trading or investment. So, what we can do is to do research on best altcoins, with strong team and project, and is profitable. If we find the best altcoin and feel it can give huge profit and worth holding, it's better to hold and sell it at appropriate time. I don't see any problems engaging in good altcoins while doing same thing with Bitcoin. Bitcoin as the leading crypto is more stable, but sometimes I think we need to also explore and diversify, because admittedly, not all time bitcoin is in good condition, and so same thing with alts.

jmvzlfyg

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Yes, I agree with this strategy, especially in the process of falling market, holding altcoin will be a disaster. Sell it quickly and change it into a bitcoin, or USDT.

supine

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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

Why not? If it's working well and if we could gain better profit out of it. However, we must know that there are also lots of potential altcoins that is worth holding. It is not easy to predict the best one but we should do series of research about it. We should also think well before making a decision.

Domanity

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I would do that if Altcoin's price was going up high and Bitcoin's price was going down, so I could get two advantages at once, the first advantage because I sell altcoins at high prices, and a second advantage because I can get Bitcoin at a low price. But if the prices are both stable, I will not sell Altcoin to buy Bitcoin, I will still Hold Altcoin.

tabas

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Quote from: reda on May 28, 2018, 07:05:16 AM

Quote from: tabas on May 28, 2018, 06:38:20 AM

Accept the fact that altcoins are more of pump and dump and is producing profit for the day traders. I don't care if he's a pioneer in blockchain on Wall St.
Some will have an uplift eyebrows for just investing in bitcoin, you have your own strategy and the guy isn't forcing you to invest to bitcoin only. But as a long term holder bitcoin has been always reliable in terms of profit and growth for years.

Nowadays more coin release in the market place. So choose the best coin. Then invest. Bitcoin is king of all coin.

Why would I choose the best altcoin and just settle bitcoin next. I would rather choose to invest in bitcoin first and let it happen if there will be an altcoin that will get my interest.

putra daerah

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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.

bhabygrim

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Well sometimes I do it to gain some profit and sometimes I even sell my BTC to buy some alt-coins,
I do it to gain some profit for example BTC is dropping low then I would sell it to buy some alt-coin then convert my alts to BTC when the price of it is getting pump.

Hypnosis00

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That's a good strategy, since you are buying the real deal in crypto currency. Alts depend on btc, and if an altcoin will not be recognized or will not be approved to be used, then it is much better to own a bitcoin because it is the most traded coin in the market and it is the original cryptocurrency. Nothing beats the original.

campica

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Altcoin depends on bitcoin price, if bitcoin fall then every altcoin fall with him. Right now I have 95% amount in bitcoin, because I'm afraid to put that money in some altcoin. Other 5% I'm holding in some altcoin , but seems that I will exchange it soon for bitcoin, because bitcoin seems goes up right now.

maianh09

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As the market goes down too fast and Bitcoin prices fall below Altcoin's discount, I think this would be a good choice because Bitcoin prices are usually higher than Altcoin in the bull market. It will help you increase the amount of Altcoin you can own.

Choyor

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Everyone's suggestions and ideas will be different, for some people will probably hold their alts because they believe if alts will be more valuable than Bitcoin in the future, but for myself prefer to exchange my alts with Bitcoin, because for me Bitcoin more promising in the future.

sclmte

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For me, it is better to stay in alts most preferably into ethereum cause we know how volatile is bitcoin today than of altcoins which couldn't have a good way of gaining profit. But anyway, bitcoin is still a good form of investment compared to some altcoins and still gaining.

Dheo

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Quote from: nur rochid on May 30, 2018, 08:47:27 AM

Quote from: ichai on May 30, 2018, 08:35:52 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.

Personally, I always support people buying BTC, because I believe that BTC is the best and least risky coin on the market today, holding BTC we will never fear that it will lose capital. The longer they hold, the more valuable they are. Your profits will grow so I always support everyone who buys BTC,

different from me, even though i invest in bitcoin, but i still hold potential altcoin. we know if there is pump on altcoin, we will profit a lot, although this is more risky, but i try to enjoy it

Risk is part of crypto currency, even it's bitcoin or altcoin everything will happen is risky because anytime you can lose your money , but you will avoid that if you understand the market .

nur rochid

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Quote from: ichai on May 30, 2018, 08:35:52 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.

Personally, I always support people buying BTC, because I believe that BTC is the best and least risky coin on the market today, holding BTC we will never fear that it will lose capital. The longer they hold, the more valuable they are. Your profits will grow so I always support everyone who buys BTC,

different from me, even though i invest in bitcoin, but i still hold potential altcoin. we know if there is pump on altcoin, we will profit a lot, although this is more risky, but i try to enjoy it

ichai

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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.

Personally, I always support people buying BTC, because I believe that BTC is the best and least risky coin on the market today, holding BTC we will never fear that it will lose capital. The longer they hold, the more valuable they are. Your profits will grow so I always support everyone who buys BTC,

marginal

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Eventually I am doing thing like that right now. I am trying to aggregate as many bitcoin as I can to wait to the moon with it

thetruth123123

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I would not do that for now despite of any reccomandations because alternative currencies do have a great perspective future sooner or later

squog

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That was my strategy for a while and it became that when BTC fell, no other investments picked up the slack. Then again, when BTC fell every thing feel right after. But then I invested on strong alt coins and strong up and coming ones. This is called portfolio diversity. The suprising thing about it is, alt coins gain more than BTC. So there.

normanderecho

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Quote from: Bagaji on May 30, 2018, 02:09:38 AM

Well, I have friend who does that most of the time he get payment in alternative coins because he believe that bitcoin has influence on altcoins and that once bitcoin move to either direction all other altcoin will follow but not to the percentage of bitcoin and that was why he use to convert altcoins to bitcoin.

For me its good to buy a bitcoin because we know bitcoin price is growing up and we know bitcoin is ideal for investment because thier many people become rich because of bitcoin and theres a big possibility bitcoin price will reach current price but its good also altcoins because if the price of bitcoin will rise all altcoin to well rise also.

Bagaji

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Well, I have friend who does that most of the time he get payment in alternative coins because he believe that bitcoin has influence on altcoins and that once bitcoin move to either direction all other altcoin will follow but not to the percentage of bitcoin and that was why he use to convert altcoins to bitcoin.

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