Topic: Do you approve this strategy: sell alts buy btc? - page 50. (Read 3360 times)
All alternative cryptocurrencies are moving in the same direction together with bitcoin, so this strategy does not make sense.
It depends on the altcoin a person is holding, now most of the altcoin have no value or it can take longer for them than expected to rise in a definite period of time so it is better to sell them for sake of Bitcoin. But due to a high price of BTC, no everyone can afford to buy it so they must look out for altcoin which has a momentum to rise in short period thought the BTC price remains stable. Getting profit from BTC by selling altcoin or investing in altcoin to get profit both are a different strategy which doesn't work for everyone but for some, it works those who know how to tackle the market.
One should invest in botch bitcoins and some good alt coins. Diversification results in more safety for the investors.
If we take a look at the market in the recent days, i dont think this would be a good idea, though the bitcoin prices are going down now, the other alts are even goes deeper, regarding the prices, it is unwise to sell our alts and buy BTC, as the gap was too big i think
maybe selling altcoin to buy bitcoin is a solution for people who want to invest in bitcoin but do not have the capital to buy bitcoin in addition to selling altcoin they have.
in fact I do not advocate doing so, because holding altcoins is also a good decision to get a bigger profit.
in fact I do not advocate doing so, because holding altcoins is also a good decision to get a bigger profit.
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
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
I can say, that I have been doing that for a long time, but now I am trying to spend more time studiing Alternatives ICOs and similar to that
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
https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst
It depends on you, if you think that the altcoins today you are holding does not have the potential to grow even more further then switch to bitcoins because the price is still continue to increase even more.
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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.
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
https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst
Well it depends on various time points! Whether it is point when the BTC is going all the way down or altcoins going up! If the altcoins are going at high peaks then obviously we are making the profit and thus it would always be better to convert the profits into BTC and keeping that investment into the BTC for the next time when BTC will get pumped. Or when the BTC is at its lowest point then you can always make investment into it by selling your alts so that you can get profits after the BTC goes upwards. These are simple techniques but very successful if worked properly.
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
Personally, I never plan on investing in alts for long term anyway, as for me; they have always only been a way to at least increase my bitcoin stash through trading. As it is, except for few of them, their life totally somehow depends on bitcoin and in the case where bitcoin is really increasing hugely or decreasing hugely, they always get beaten so bad, so in that case, unless I am investing in a project where I know that there is a great future for it, I would rather be holding more of btc instead. https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst
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.
well Good for you but think it carefully sometimes altcoins has a potential also not just always bitcoin is the best priority it depends on how you invest and what kind of investor are you. If selling altcoins and buying bitcoin is Good also, in the way that you can make offer more that usual.
I don't think this is good strategy, because if you focus only on one item, like btc, it can be wrong. A spare option is always useful.
For me it is best choice as bitcoin is full of profit and now a day price is now very high but profit will be very high so if you will sell one altcoins you will be able to buy almost 3 bitcoin, so buy now and hold so latter one your one bitcoin price will be equal to almost 3 altcoins, as bitcoin increases very high in price so better if you buy right now and keep on holding as much as you can hold, holding is best strategy to get profit form bitcoin. 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, If you think that bitcoin will rise now from the dump stage better to sell your alts because it will automatically dump due to other investors will switch into Btc and you can earn profit if you switched into Btc but there's a coin that have a same movement of bitcoin when Btc are on bullrun, As now many investors are afraid to enter in market now due to bear run. https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst
It is fully recommended once you have shit coins the coins that no hope at all to increase. Better to sell it with small profit than to hold it and earn nothing. But those coins that you have valued don't sell because that is your favorite coins.
Now the market is not growing and we have to wait and watch crypto in these days buying and selling should may change the crypto more than actual pace. If we just sell alts for the sake of bitcoin this is a short term thinking and if the bitcoin moves to a good side then we have to hold it for future and now just to buy some altcoin more for the good future.
Its hard to play when you don't have enough ideas, the market is so volatile and bitcoin still dipping, if you will sell your alts and hold your btc thenthe value still in the downside, better to keep analyzing how the market will bring you, the alts community are one of the options to grow our assets
not only that we also will learned how to play the market and understand this chain, practice and keep aiming for more.
I do not think that it is such a good strategy.
It is always wise to diversify your investments so the risk of losing profit is very minimized.
Yes, I do agree that bitcoin has a greater potential than alts but that can change indefinitely change - bitcoin is very unexpected.
Yes diversifying is very important in order to do not much affect our capital and minimize the possible risk of lossing it. Staying in one coin is depends in the market on which it changes anytime but if we study and analyze the market of bitcoin it makes us to decide easily on where we can enter the market of bitcoin at the right time that makes us to earn more profit than holding it on the alts. It is always wise to diversify your investments so the risk of losing profit is very minimized.
Yes, I do agree that bitcoin has a greater potential than alts but that can change indefinitely change - bitcoin is very unexpected.
Now the market is not growing and we have to wait and watch crypto in these days buying and selling should may change the crypto more than actual pace. If we just sell alts for the sake of bitcoin this is a short term thinking and if the bitcoin moves to a good side then we have to hold it for future and now just to buy some altcoin more for the good future.
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
https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst
Based on the current market outlook, i would think this could be a bad idea. I've recently noticed a trend that once volume comes into crypto, everything turns green. This includes bitcoin and all other altcoins. This means, that the best play would be to buy altcoins while they are at their all time lows today because once bitcoin's value increases, people will also invest in altcoins thereby increasing the value of everything. This way, your portfolio rises in value because bitcoin rises, but in addition, the amount of bitcoin you have also increases.
I do not think that it is such a good strategy.
It is always wise to diversify your investments so the risk of losing profit is very minimized.
Yes, I do agree that bitcoin has a greater potential than alts but that can change indefinitely change - bitcoin is very unexpected.
It is always wise to diversify your investments so the risk of losing profit is very minimized.
Yes, I do agree that bitcoin has a greater potential than alts but that can change indefinitely change - bitcoin is very unexpected.
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