Do you approve this strategy: sell alts buy btc? - page 52.

mel1978

full member

Activity: 518

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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

Selling alts for bitcoin is really good but you need to observe and monitor the price for you to know when to sell alts at very good price. For there is no need to buy for bitcoin because selling alts is already bitcoin.

webdevmastery

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Activity: 434

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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

Actually, it will be depending on your decisions, the price of bitcoins will grow even more but then when the price will go dump then it was time for altcoins to increase so it will be just the same, both coins will be still profitable at the end of the day.

bitcad4u

sr. member

Activity: 602

Merit: 255

Actually I prefer the bitcoin for the investments.The reason is very simple,it had good potential than altcoin.So we can expect huge price raise in bitcoin as compared to altcoin.I don't sell my altcoin,to buy bitcoin.I will keep the holding altcion for future and trade with bitcoin.

fiulpro

hero member

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Some alt coins are really great too ,I think we are a little biased about Bitcoins at the end of the day we just have to earn profit .. don't we ? So I guess I won't mind selling just a little amount of my Bitcoins and investing in altcoins that seem to have a future , that will for sure come with some gains in the future.
Bitcoins are the most profitable of them all but sometimes we could just invest a dollar and get 3000% value in return , it has been proven time and again thus I think we should first evaluate this thing about which to invest in and off course not sell off the whole lot , just a little part of it .

Supercrypt

legendary

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Quote from: hsyncl on May 27, 2018, 11:25:51 PM

I do not fully agree but I believe that the investment in your hand should be 70 percent bitcoin as 30 percent altcoin. If you make your whole investment as altcoin or bitcoin, you will miss many opportunities.

Yes, everyone is entitled to their own decision and opinion on which market to get in and how long they want to be staying in such markets. However, from the way things have been over the years, long term investment can only be achieved in very few altcoins except you just want to hit the long term trading pattern.

Not sure how things will keep being but whichever way, we are kind of stuck with the idea that altcoins are tied in movement to how bitcoin moves, which is basically as a result of how traders perceive bitcoin market and we cannot deny that fact.

LordShanken

sr. member

Activity: 1112

Merit: 256

I don't think that is an good idea cause bitcoin price could go to the moon even 3 or 4 times bigger than any other alts so investing in alts and in bitcoin at the same time could bring the most profit.

Harrow30

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DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO

Real profit is most times dependent on amount/volume invested too. Those making real profits in bitcoin at its present price are the ones with more than 1unit of the BTC. But with a lower volume or amount invested in a prospective altcoin, you did be surprised at the profit margin made in comparison to investment in bitcoin. We have the examples of Docademic -MTC which has done a profit of about 378% in just one week!

andriarto

sr. member

Activity: 1344

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i think it depends on our analysis. if you want to be safety, i suggest buy bitcoin, but if we analyze that altcoin is prospective, then i suggest to keep it and wait when pump happens and certainly will get more profit

bering

legendary

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Leading Crypto Sports Betting & Casino Platform

depend on the particular situations that if bitcoin in the uptrend and having bitcoin will more profitable then i would don't mind sell all of my alts and focus for bitcoin only however currently cryptocurrencies market have facing downtrend situations and i do not recommend if you only stick for bitcoin because altcoins also sometimes could give us unpredictable profit

ethereumhunter

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Leading Crypto Sports Betting & Casino Platform

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 won't sell my altcoin right now because I see that the altcoin have a big chance to gives me a big profit soon and I only need to wait for the time it comes. I don't want to have bitcoin only because I realize that having altcoin in my investment list will make me gain some benefits too than if I only have bitcoin. so it will be good if I can hold my altcoin in the long-term and only sell if the price increase higher so I can make a lot of profit from altcoin and bitcoin too.

ralle14

legendary

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Shuffle.com

Every strategy has it's risks. If you're holding alts results could end up being better or much worse than Bitcoin and if you only hold Bitcoin you could limit your losses/profit. If that analyst predicts Bitcoin to reach $10,000 then surely alts would follow the only reason to sell alts right now is if someone wants to cut their losses but at a time like this I wouldn't recommend selling alts knowing that the price could easily swing back up in the next month or two.

amih

member

Activity: 308

Merit: 17

if we look at when bitcoin prices are crawling upwards I'm sure everyone has done that where they will sell altcoin and switch to buy bitcoin. and maybe it could happen again for now if bitcoin prices rise again I think everyone will do the same. and this is just a matter of time where everyone will wait for the right time when the bitcoin price again increases quite significantly.

dodgrad

hero member

Activity: 1067

Merit: 501

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.

catubayjhon

jr. member

Activity: 560

Merit: 6

It depends on the market value for me sell altcoins to buy btc is not really good because the value of btc is really high so if you sell the altcoins you have to aware of the market price.So if the price of btc is high the value of the altcoins is getting lower.So you have to make a strategy on when is the best time to buy btc at his lower price.

Sunyoto

member

Activity: 574

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for me the strategy of buying and selling bitcoin in the way that we use to make a lot of profit, by buying low prices and selling higher prices, so we will get many benefits.

carlisle1

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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.

Do you read the articles?and do you read the OP?seems like your on the other planet huh?

Op says "would you sell all your altcoins just to buy bitcoin"

If my altcoins comes even closer to my target price why not,for sure i will buy bitcoin because this coin is worth holding that all the altcoin in this cryptocurrency

Harribel03

newbie

Activity: 99

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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

I prefer to hold some altcoins than to sell it and exchange in bitcoin. We can earn a lot when we will buy altcoins specially to the new existing one. As much as possible, we should not put one coin in a bucket because that is too much risky. Whether we would like it or not; we must diversify our portfolio.

airdagon

member

Activity: 546

Merit: 17

do not sell all alt you have, save some alt and buy bitcoin. basically alt is used to complete bitcoin, indeed we can be rich and successful if investing in bitcoin, but it takes a long time, comes its alt to make us able to wait bitcoin price up and make investment or trading with altcoin. remember, do not pull all your eggs in one basket if you want to earn more profit.

Choii

full member

Activity: 658

Merit: 106

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's depend, i mean if the altcoin that i purchase have a potential to grow its value in the future i want to hold it, but if it's not i sold it and buy bitcoin as my investment, but the best way is diversify our investment exp. we have 10 kinds of altcoin, so when one altcoin drop its value you have 9 that can sustained our earning but make sure you have top 10 altcoin that you invested in.

reda

sr. member

Activity: 910

Merit: 260

Quote from: tabas on May 28, 2018, 05:38:20 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. So it any time to down and increase the price. So check the market price then get the all coin price information. then invest. It change the most of the people life. It time to acct. So time to sell and buy the coin. It any time to increase the price. If price will be increase then sell on time. It good future growth. Now most of the people wait for the price down. This right time to buy and hold the coin. Market place is help to gather more information of the all coin price list. So easy to choose the best coin and invest. It change the people life style. If price will be low buy and price will be increase sell on time. If buy the coin follow the market price then sell. Market place is help to get the coin price information for buy and sell.

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