Topic: Do you approve this strategy: sell alts buy btc? - page 7. (Read 3360 times)
I do not agree with this strategy. Agreed Holding bitcoin is profitable but there are altcoins that will bring in much profit many times over within the period of HODL .
It was a good idea also to sell our altcoins and buy bitcoins and holding it.
But for me ill sell my bitcoins to buy altcoins because they have so many altcoins are have potential to increase the prices.
But for me ill sell my bitcoins to buy altcoins because they have so many altcoins are have potential to increase the prices.
I do not consider that kind of strategy because if you know that your altcoin have the potential to become big in the long run, why would you sell it for bitcoin? Selling altcoin to buy bitcoin may depends on the situation.
altcoins is altenative investment of blockchain, but bitcoin has more potential.
because bitcoin is the first blockchain coin created. but some project altcoins have more potential growth.
because bitcoin is the first blockchain coin created. but some project altcoins have more potential growth.
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
Well that strategy is also good because buying bitcoin now is very advisable because the value of bitcoin is still cheap and affordable on the market but if we are holding a good altcoins like ethereum and eos i dont think it is advisable to sell it, to just buy btc. https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst
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 dont want to sell my altcoins because i know that it will become more worth it than to convert in into bitcoins last year ill get a lot of money by holding this altcoins so i hope thid year my holding will become more worth it hopefully. https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst
I think everyone here almost does it all, converts altcoin to bitcoin.
how to participate in the ICO.
how to participate in the ICO.
It depends on you.If you think bitcoin will give you more benefits and you don't have extra money to buy bitcoin then sell your alts.One more suggestion,study the movement of alts specially ethereum because it shows good movement now.
Yes, it is always depend the movement of coins because bitcoin and altcoins have different advantage and performance base in seasons.I think it is bettet to have bitcoin and also altcoins as an asset, because they're both a good source of profit.
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 what altcoins that you have. If your altcoins can be considered as shitcoins, it is better if you will trade it to become bitcoins. You will only lose your money if you will continue to hold shitcoins. https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst
Perhaps, now such a strategy will work. Many were disappointed in the altcoines after their significant fall.
Right now, there are too many alts in existence. In the long-term future, only a small number of these alts are going to survive. So it is not a bad idea to convert some of them to BTC (or even ETH). But at the same time, you should hold on to the promising altcoins such as Cardano and NEO.
Sells alts and buy btc strategy is a good strategy for some market situations. Like when the BTC dominance was around 30-40% and bitcoin was starting to move, thats when the strategy could be used.Because when bitcoin is moving , altcoin will bleeding and you can multiply your capital if you play with that pattern.
I do believe in this strategy. Most of the time, as i received my alts from some services, i sell it in reasonable price. In that way, i can have my own bitcoin. I am not saying that alts are not worthy of keeping but, bitcoin is more secure form of investments. I better keep my bitcoin increase and will keep some of the alts. As you can see most of the alts is a pump and dump so i guess you should sell your alts and leave some for future use (if ever its will be a successful one)
Right now, there are too many alts in existence. In the long-term future, only a small number of these alts are going to survive. So it is not a bad idea to convert some of them to BTC (or even ETH). But at the same time, you should hold on to the promising altcoins such as Cardano and NEO.
I personally argue that both cannot be differentiated because I use both two strategy. I am holding some alts and btc. I do a daily trading in alts or shor-term investment and I am also holding btc for my long term investment. I believe that both alt and btc are profitable.
Everyone may chose or approve on of them or even use those two strategy, as long as they can earn and can take advantages is better than doing nothing. However, we should be care full and always increase our personality or knowledge about crypto otherwise we will lose our profit.
Everyone may chose or approve on of them or even use those two strategy, as long as they can earn and can take advantages is better than doing nothing. However, we should be care full and always increase our personality or knowledge about crypto otherwise we will lose our profit.
This strategy is somewhat maybe in the middle for me, perhaps I can call it as 'neutral', I mean that in the good side, when you sell your alte for BTC, you can actually buy more, since BTC is being utilised and that almost every product in the marketplace heavily accepts BTC rather than altcurrencies, though this strategy is an OK for me.
This strategy is considerable sinced buying bitcoins as of now is very convincing because the price are good enough and not so expensive. However, the potentiality of the altcoins to gained more profits in the future is also very possible because there are some crypto coins that are affordable and can give enough profits if we wait for the right time to sell it.
Regarding this article said, he/she will keep on some altcoin such as ETH, EOS,etc with BTC.
I agree with this strategy which is making portfolio of mainly BTC and sub set of some of ALT.
Because I also think most of altcoin is concept only, no product, no monetalized.
I agree with this strategy which is making portfolio of mainly BTC and sub set of some of ALT.
Because I also think most of altcoin is concept only, no product, no monetalized.
I don't think it is a right idea for you to sell all your alts and buy BTC. Always diversify your investment. It is better like that.
It depends on the Altcoin that you are holding in your wallet for me it is better to sell your Altcoins if it can't grow your investments to it and buy some bitcoin for sure it will give you more profit when it started to increase the value in the market. And if you have a most popular currency don't sell it better to wait for the increase of the value.
The timing is the only matter here. In some instances, only btc hodling is quiet less risky because the altcoins really drain when they are to decrease in price as compared to bitcoin.
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