Topic: Dont sell off because of the period - page 7. (Read 1001 times)
I bought in every period and yes now I feel like to sell a bit to make a little bit of profit
How is selling off altcoins to buy Bitcoin a bad idea? All altcoins still rely on Bitcoin entirely, if Bitcoin don't surge altcoins aren't going no where, it's not entirely a bad choice selling altcoins for Bitcoin, but it's true that altcoins have better profits than Bitcoin
On some point it's not a bad move on selling those altcoins for bitcoin, But remember that not all altcoins rely on bitcoin and I think that coins are the one you would want to sell in our current situation because some coins don't show the potential of rising up now and you can always buy back the coins you want to sell if you gained profit in no time.
Those who are worth selling off their coins now are those who buy when Bitcoin dive to 3k plus, they've make the biggest profits within few weeks, Bitcoin keeps surging since days back now mean many are buying, it's not too late to buy
I hate trying to make decisions between Bitcoin and altcoin, instead of selling your altcoins for Bitcoin why can't you invest on both to erase that doubt of which one will grow better, invest in altcoins and also buy some Bitcoin too, this will clear your mind of doubts
How is selling off altcoins to buy Bitcoin a bad idea? All altcoins still rely on Bitcoin entirely, if Bitcoin don't surge altcoins aren't going no where, it's not entirely a bad choice selling altcoins for Bitcoin, but it's true that altcoins have better profits than Bitcoin
Actually this totally depends on your return if you are in good profit and you have bought the Altcoins in the last dump then it is good for you otherwise try your luck and hold for sm more time. As Cryptocurrencies are unpredictable.
Investing in altcoins can bring huge profits but the possibility of losses is also very high, a wise investor always knows to stop in time.
There are a lot of potential altcoin coins that have become a dump, I think if we are not sure about an altcoin project, it is best to sell it as soon as possible.
Yes, it’s hard to say what will happen to our altcoins in the future and what their price will be. I continue to hold them, if only because the current very low price does not suit me. I still believe that the time will come for them. Do not rush. The situation may change at any time.There are a lot of potential altcoin coins that have become a dump, I think if we are not sure about an altcoin project, it is best to sell it as soon as possible.
Investing in altcoins can bring huge profits but the possibility of losses is also very high, a wise investor always knows to stop in time.
There are a lot of potential altcoin coins that have become a dump, I think if we are not sure about an altcoin project, it is best to sell it as soon as possible.
Yes, it’s hard to say what will happen to our altcoins in the future and what their price will be. I continue to hold them, if only because the current very low price does not suit me. I still believe that the time will come for them. Do not rush. The situation may change at any time. There are a lot of potential altcoin coins that have become a dump, I think if we are not sure about an altcoin project, it is best to sell it as soon as possible.
I believe that artificial growth has been created before halving. people talked a lot about halving and growth. Now I think they will want to scam us. the price will rise to 9500 and then again there will be a very strong dump. I do not think that this year we will see a price above 10 thousand
How sure you are that this is just a manipulation? Of course there are some who do that and we cant explicitly say that this is natural. Even before this has been done during the bitcoin bubble when bitcoin and all altcoin reach too much valuation. So I think we can just assume that the market is unstable and people rely on halving hype to be bullish again. But with that surge happened over a short period of time, everyone mustbbe scared and wondering do I need to sell? This is a huge gain already. But if you buy at somewhere above 10k would be enough for you to at least break even what you loss? Thats something investor are now thinking. Am not the one to endorse all altcoin, or point someone to the direction of trading or investing in one. But am the type of investor that does believe in shaking or shivering with situation.
Bitcoin is rising and thats good. Rumors can say the up coming bitcoin halving has something to do with it.
Many are now quick to sell off altcoin that they have been holding with so much promise.
This can be of bad consequences, I am the one to always invest in BTC if I have the found to get one, but I did not invest in bitcoin because of increasing price.
What you tend to loose selling of your coin
+ all your time of investment would become in vain: long term holder of altcoin should not without a thoughtful look sell off there coin
+ things might not go as you planned: the ball can go two ways, one it can go in your favour and two go against you.
I understand that investing in something more promising -bitcoin for example- is productive, but rather than, selling off just invest in it with available raw capital.
Bitcoin is rising and thats good. Rumors can say the up coming bitcoin halving has something to do with it.
Many are now quick to sell off altcoin that they have been holding with so much promise.
This can be of bad consequences, I am the one to always invest in BTC if I have the found to get one, but I did not invest in bitcoin because of increasing price.
What you tend to loose selling of your coin
+ all your time of investment would become in vain: long term holder of altcoin should not without a thoughtful look sell off there coin
+ things might not go as you planned: the ball can go two ways, one it can go in your favour and two go against you.
I understand that investing in something more promising -bitcoin for example- is productive, but rather than, selling off just invest in it with available raw capital.
I guess investors shifted where the money is, so I'm sure that they are people who have been selling off their altcoins and move to bitcoin, we can't blame them. I have seen this kind of movements throughout my stay here in crypto. And it really makes sense to them though, I mean we all wanted to squeeze everything and make some good money isn't it? I myself did this, not regretting it since I made the right decision that time.
So I would advise though, if you are going to do this kind of strategy just be sure that you can stomach it, or shall I say be mentally tough and be prepared for the consequences. I'm not against the OP's advise or suggestion, what I'm saying is that you should try to work out a strategy that fits your needs, just saying.
i have a bad experience in selling off my altcoin and until now i regret of selling it early though i have the heart of holding at some point i just lost temper and pressured. my advise is stick to your plan and trust the process, do not frequently visit the prices, and do not be emotionally attached to your investment.
I'll be agree if there is someone who have a bunch of altcoins in their wallet and with that amount he can buy 1 or at least 0.7 BTC then I'll suggest to him to buy bitcoin immediatelly.
But when he just have a few altcoin and the amount can't be able to buy bitcoin 0.1 or at least 0.7 bitcoin then I won't suggested to him to buy bitcoin but I'll suggest him to hold altcoin as long as the altcoin is potential.
Indeed, investing in bitcoin is really interesting because we can see how much profit that will get. But if I have for just 0.1 bitcoin I'll sell it and buy some potential altcoin like ETH. With that amount we can be able to buy at least 4 ETH and if I compare holding 0.1 btc and 4 ETH I'll choose 4 ETH because it will profitable for this time.
but with the small amount of it
But when he just have a few altcoin and the amount can't be able to buy bitcoin 0.1 or at least 0.7 bitcoin then I won't suggested to him to buy bitcoin but I'll suggest him to hold altcoin as long as the altcoin is potential.
Indeed, investing in bitcoin is really interesting because we can see how much profit that will get. But if I have for just 0.1 bitcoin I'll sell it and buy some potential altcoin like ETH. With that amount we can be able to buy at least 4 ETH and if I compare holding 0.1 btc and 4 ETH I'll choose 4 ETH because it will profitable for this time.
but with the small amount of it
Let's consider the fact that some of them may not be panic selling or willing to waste their efforts and patience, looking at it from my own angle some are actually very broke at this moment and had waited just to see their coin rise a little more. From your message now it indicated that the halving has not started majorly, so some may still be discouraged,
those who do not really know much about the halving. Thinking it will trigger the bull immediately.
those who do not really know much about the halving. Thinking it will trigger the bull immediately.
The risk is higher now, since nobody knows how this halving will affect the price due to the pandemic. Panic selling and joining the btc hype due to the halving could result to disappointment if the things turn the other way around.
Agree with you and i think it's a good move to not sell whole holding altcoin because of btc price rising. Sometimes altcoin price depend on btc but i would like to support your thought. There are plenty of coins which start with penny and now those are $20,$30 or 150$ just with in couple of years. So i think holding a good altcoin might be a game changer for us if we choose the right on.
if indeed you believe in altcoin that you hold and are sure to experience an increase, that's a good way to hold it for a long time, sometimes there are people who only save it without any prior analysis of the coins they hold,
Agree with you and i think it's a good move to not sell whole holding altcoin because of btc price rising. Sometimes altcoin price depend on btc but i would like to support your thought. There are plenty of coins which start with penny and now those are $20,$30 or 150$ just with in couple of years. So i think holding a good altcoin might be a game changer for us if we choose the right on.
We should always have our Portfolio diversified. Although Bitcoin is leader, we should never invest hundred percent of the amount in single asset.
Current situation I see as an opportunity to grab more.
Current situation I see as an opportunity to grab more.
Holding altcoins that turns out to be a shitcoin once in the market are the reasons why people sell it off as soon as they get the chance to do so and it's understansable. During the past years, many projects have become a waste of time but of course not eth, xrp, and other altcoins that stayed in the market (I'm talking about the new ones tho). It is so promising that you'll get big amount of money but most of the time its the opposite that happens so I think that's the reason why people switch to bitcoin. Bitcoin has been the first one to pump in the market and it gives a good profit very well during its pump, but yeah, if you don't buy it during it's dip, you'll get very little amount of profit.
I believe that artificial growth has been created before halving. people talked a lot about halving and growth. Now I think they will want to scam us. the price will rise to 9500 and then again there will be a very strong dump. I do not think that this year we will see a price above 10 thousand
It's not. A lot of people buy in the halving right now and the growth of bitcoin caused by halving, 2 weeks left before the halving come. THe dump will occur if the block has already done to decrease its inflation rate . It's easy for bitcoin to touch 10k but it can go back again to the bottom anytime as the hype end
Yes but you do not have to blame anyone as it is, crypto entirely is bad kind of so people nowove where there's a bit light, I would advice we are careful and also not to sell at loss. The advice us good and one should just be careful anyway. BTC is really riding and people are hoping for great movement from BTC and as we are trading, let's be cautioned too. It can go low and move up back or continue from where it stopped.
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