Topic: Dump the alts (Read 1760 times)
A cryptocurrency market is always unpredictable and presents big surprises. In the current bullrun, the growth of bitcoin was accompanied by the growth of altcoins and only at the last moment altcoins did sag heavily, after which the bitcoin immediately fell. In my opinion, what happened shows that finances revolve according to the scheme Fiat - Bitcoin - Altcoins - Fiat. Based on this, altcoins will closely correlate with the BTC, in connection with which I don't expect sharp dumps of the Altcoins in relation to Bitcoin.
This may be the beginning of the rise of Btc, but there are also Altcoin that are experiencing good improvement and development like Ethereum. maybe if you have another Altcoin, you should sell it, to buy BTC if in my opinion.
I have not dumped my alts but I have changed them for bigger marketcap alts. For ex. I sold my OST to buy more XRP a few weeks ago to prevent to lose more. Even my movement is right I have lost more than 30% at the moment against BTC. I even don't imagine to stay at OST which lost more than 75% against BTC.
yep, I understand this. Every time the BTC grows, the value of the members will go down because many traders believe that the price of BTC will continue to increase.
Whales are actually making a huge effect. Although many people say the price of the BTC increases and then the altcoins will increase in a short time but I don't believe in that, I always believe in the value of BTC.
I think we should all have 1 - 2 BTC to hold for a few more years.
Whales are actually making a huge effect. Although many people say the price of the BTC increases and then the altcoins will increase in a short time but I don't believe in that, I always believe in the value of BTC.
I think we should all have 1 - 2 BTC to hold for a few more years.
Many Altcoins holders are now attracted to sell their assets for the Bitcoin so that they could benefited with this Bitcoin rapid growth. Hopefully they will review well their Alts that they will just dump only those crap altcoins as we never know that if these rapid growth of Bitcoin is not really a real demand but a big whales trap missing the beauty of the product of the certain Alt that you dumped.
They are shorting bitcoin but i thought that it will better than keep our amount in altcoin and this time anything get lose to the bitcoin and how a little dump of bitcoin was giving a big impact to the whole of altcoin assets. Those who already sold their bitcoin for stable coins have taken a very big profit. 
Many Altcoins holders are now attracted to sell their assets for the Bitcoin so that they could benefited with this Bitcoin rapid growth. Hopefully they will review well their Alts that they will just dump only those crap altcoins as we never know that if these rapid growth of Bitcoin is not really a real demand but a big whales trap missing the beauty of the product of the certain Alt that you dumped.
They can do that effectively if they are also monitoring the market properly, when they sell for bitcoin, they have to make sure they'll also buy for altcoins once the altcoins season will officially start.
Many Altcoins holders are now attracted to sell their assets for the Bitcoin so that they could benefited with this Bitcoin rapid growth. Hopefully they will review well their Alts that they will just dump only those crap altcoins as we never know that if these rapid growth of Bitcoin is not really a real demand but a big whales trap missing the beauty of the product of the certain Alt that you dumped.
Will, they risk for it or not still that's their decision and if they get wrong, then they are sorry but looking into BTC current flows will actually they are right and profiting. That's their strategy and it works well by now, we have to understand them also. If I have too, I'll do the same. Investing Bitcoin is the most profitable one in which we are all preferred to invest with than of altcoins.
Many Altcoins holders are now attracted to sell their assets for the Bitcoin so that they could benefited with this Bitcoin rapid growth. Hopefully they will review well their Alts that they will just dump only those crap altcoins as we never know that if these rapid growth of Bitcoin is not really a real demand but a big whales trap missing the beauty of the product of the certain Alt that you dumped.
Sorry to disagree with you! This is not the solution to the right decision! I know 85% of altcoins are valueless shit! But you can't ignore the left 15%! They are a big part of the crypto market. What do you think about Ethereum, Tron, Neo, Binance Coin, Stellar, Nem? Even we failed to ignore the BCH coin! At the end of the day, people want to profit, and altcoins can give that too.
I'm not here to spread FUD before you start throwing accusations at me. I'm just saying though, Bitcoin is increasing in price, and it's probably a very wise idea to sell your coins and hold BTC at this point. I'm however not referring to alts like ETH, Tezos, LTC and the other solid ones out there. I'm mostly referring to the projects that have not followed the roadmap and didn't manage to deliver and let's be honest, there are plenty. Probably anything not in the top 15 in CoinMarketcap is not worth investing it (with few exceptions).
And apparently, there is some confusion within the community about price increases in CoinMarketCap and people think that everything is going up right now, which is not the case. The green numbers you're seeing in the price page don't represent much. If you click on the coin though, you'll see the price in Satoshi... that's the one that should be increasing.
That's true not all altcoin have great price right now even the the price of bitcoin is continously growing, but it's good also to take part of altcoin that have great value and potential not all needed to dump. For me I will hold both btc and altcoin not just one coin to sure that I can get some profit incase I lose to one of that coin. And apparently, there is some confusion within the community about price increases in CoinMarketCap and people think that everything is going up right now, which is not the case. The green numbers you're seeing in the price page don't represent much. If you click on the coin though, you'll see the price in Satoshi... that's the one that should be increasing.
I think that there are still no prerequisites for selling all altcoin. It seems to me that the Altcoins have not yet fully manifested themselves, so that we can speak about the lack of prospects for one or another project.
This is the best strategy for risky propositions at this stage as the market begins to mature and intelligent investors seek better quality alternatives with a longer term view rather than chasing after quick gains and you'll find the top ranked assets will likely perform more reliably throughout this year
For market conditions like this, you can see that many altcoins are not very good at prices. if you are lucky you can choose assets with great potential in the future for investment. and obviously it will be as profitable as you say. but to get assets like that, it might be a little difficult. 
I will hold my altcoins and i still have faith on my assets. And its not the right time to sell atcoins cause season of alts is on its way.. I have strong feeling there will be a surprise next month,which will be the sign that altseason is coming.
Altcoins are still special, it's just that there time to shine has not come yet.
We don't buy that before just to dump, although it's a big expensive before, we buy it because we believe on its future.
Altcoins still not pumping should not make us loss our trust on it as I believe the time will come for them to shine, a true holder would not sell right away and panic, they should be willing to hold longer until the price eventually recover and rises compared to our purchase price.
This is the best strategy for risky propositions at this stage as the market begins to mature and intelligent investors seek better quality alternatives with a longer term view rather than chasing after quick gains and you'll find the top ranked assets will likely perform more reliably throughout this year
I will hold my altcoins and i still have faith on my assets. And its not the right time to sell atcoins cause season of alts is on its way.. I have strong feeling there will be a surprise next month,which will be the sign that altseason is coming.
I really hope that you are correct, I have been waiting for my alts to recover and yet I see nothing like that, it is true the price of many alts went up but bitcoin gained value faster than most coins which means that if you are looking to get more bitcoin with your investment in alts you have been in fact losing money during the previous months and that is something no trader wants. 
I will hold my altcoins and i still have faith on my assets. And its not the right time to sell atcoins cause season of alts is on its way.. I have strong feeling there will be a surprise next month,which will be the sign that altseason is coming.
Top 15 has never and will in my opinion never determine what's worth investing in or not.
I know where most of my profits have come from and it's not in your specified bracket. tbh, I can hold any coin long term as long as I view the team as trustworthy and they have an applicable use where their token will serve a purpose.
I know where most of my profits have come from and it's not in your specified bracket. tbh, I can hold any coin long term as long as I view the team as trustworthy and they have an applicable use where their token will serve a purpose.
I agree with you and i think with current market conditions and btc flying its better to hold btc or at max eth only because these two will be the first ones to boost when market sees increasing volume and fomo.
But it is better to cope up some altcoins too. Do not be pessimist regarding with altcoin conditions since they can move up. However, all of the actions that altcoins take came from bitcoin. Bitcoin is the foundation of all cryptocurrencies and it is the basis when the trend will change or will stick upon the line. Definitely, invest in bitcoin first than altcoins. 
I agree with you on selling non performing coins to invest in a solid coin like Bitcoin or Ether since the market is picking up , however I disagree that only top 15 coins are worth investing. There are dozen coins that has outperformed Bitcoin and Ether since it enlisted on exchanges after ICO and they are not among the top 100 coins yet.
Short term successful coins may not be considered for the long term investment,if they want to be considered a coin like bitcoin or ethereum it needs to be recognized.Even I won't say top 15 ranked coins based on their market cap is the best to invest but they have better chances compared to lower cap valued coins.
I agree with you on selling non performing coins to invest in a solid coin like Bitcoin or Ether since the market is picking up , however I disagree that only top 15 coins are worth investing. There are dozen coins that has outperformed Bitcoin and Ether since it enlisted on exchanges after ICO and they are not among the top 100 coins yet.
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