Dump the alts - page 9. | Bitcointalksearch.org

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: MadGamer on May 12, 2019, 10:34:21 AM

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.

You are just stating the truth and it is something that I am thinking as well, superficially it seems all the market is going up but if you are not invested in bitcoin then there is a very high change that right now you are losing money instead, this is what makes this market difficult to understand for newbies, even if your investment is going up in dollars that does not mean you are earning money, there are circumstances like the ones we are seeing right now in which an increase in the price in dollars does not reflect your profits in bitcoin when you are invested in alts.

scambust

legendary

Activity: 1652

Merit: 1007

Quote from: MadGamer on May 12, 2019, 10:34:21 AM

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'm afraid this doesn't hold true anymore. Years ago, the only main currency pair to trade altcoins was BTC. There was a Litecoin pair but it didn't pan out. Anyway, back then altcoins were exclusively priced in BTC hence holding alts was a great way to multiply your BTC.

But now Tether and other stablecoins are liquid enough that almost all altcoins are now priced in USD.

MakeMoneyBtc

full member

Activity: 1092

Merit: 117

Quote from: freedomgo on May 13, 2019, 01:10:52 AM

Thanks for the concern, but I am not dumping my alts anytime soon.
The marketcap increase due to the main effort of bitcoin, we can easily see that as the dominant rate have increase significantly also.
Altcoins are down even more than 10 times, dumping it now is a bad idea, HODL does not only apply in Bitcoin but in altcoins as well.

The OP was reffering to altcoins that are out of top 15 and I think it would be a good idea to listen to this advice. Yes, hodling doesn't apply only to bitcoin it also applies to altcoins but if we are talking about altcoins that are not very popular the situation changes. Usually is a coin market goes wrong that's not going to change just because bitcoin market is going well.

Viceroy

hero member

Activity: 924

Merit: 501

Of course, you are right, but if you sell some coins without thinking, you can lose a lot of money. You have to think very well before selling any coins.

freedomgo

legendary

Activity: 3150

Merit: 1148

Fully Regulated Crypto Casino

Thanks for the concern, but I am not dumping my alts anytime soon.
The marketcap increase due to the main effort of bitcoin, we can easily see that as the dominant rate have increase significantly also.
Altcoins are down even more than 10 times, dumping it now is a bad idea, HODL does not only apply in Bitcoin but in altcoins as well.

finzyoj

sr. member

Activity: 644

Merit: 255

CryptoTalk.Org - Get Paid for every Post!

Hmm, it seems that you are really a pro-btc. Well, that's good for you and for all of us of course because we are now able to have a taste of profit due to this uptrend. However, you can't please everybody to follow your advice. Don't get me wrong, I like your realistic perspective and I agree to you as well but you should also understand that there are investors who are never getting tired of hoarding different coins — some of them are daytraders but the sad fact here is that most of them are careless who easily clicked every time there's a new bait (like ICOs). But whatever their reason for doing such thing, it's not our business anymore. Let's just respect their own decisions and if they fail then let them make their own realizations. By that time I'm sure they already learned their lesson, avoid it committing again thus becoming a wiser crypto holder.

wedosgibas

member

Activity: 535

Merit: 33

here we go

All types of crypto have their own ecosystems and communities, maybe this is an FUD for those who have a weak community, so that it will have a bad impact. But this is also a news of assistance for coin holders who are unclear, which surely there is a party who loses.

thorRJ

full member

Activity: 784

Merit: 100

I agree in part, even though some altcoins are in green, the value of them compared to the value in bitcoin at the moment does not compensate the sale, some are below the value at which they started in the market = value in btc not in USD

coin-investor

hero member

Activity: 2940

Merit: 593

Leading Crypto Sports Betting & Casino Platform

Quote from: MadGamer on May 12, 2019, 10:34:21 AM

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.

I'm selling some of my altcoins after seeing the green but unfortunately, the majority of the coins I'm holding right do not have a market, or on a waiting list to get into the exchange, kinda frustrating, you want to get rid of these altcoins for a profitable one but you just can't for lack of liquidity.

blokklanc

jr. member

Activity: 226

Merit: 4

It is not 2017 that all coins rising during the market pump, the investors are much experienced now
and supporting only projects with active development. By institutional investors entering the market
BTC will pump the first and not all the alts will follow. But, selling shitcoins at this point has not much
sense as majority of them are already valueless.

Pet240

jr. member

Activity: 486

Merit: 3

No one will coerce me to dump what I am determined to hold.
I still believe that if I hold 10 good altcoins, at least half of it should be able to perform the purpose it is meant for. At least I should be able to get my profit from them.
The more we start thinking of dumping, the more me miss pur chances.

Bitmagister

member

Activity: 94

Merit: 19

In fact, this decision must have been made since the price of bitcoin reached its minimum annual price a few weeks ago, because any movement we make about it, just now that the price has risen so significantly, could be considered as FOMO, a hasty and emotional decision.

It is precisely right now, when the market seems to be awakening after a long critical period, when we must be very cautious is each of our decisions, so I am not convinced that your proposal is the best right now.

bakulgarem

member

Activity: 361

Merit: 10

BIB Exchange

for now the market is verging on the movement of Bitcoin which is quite good this month so Altcoin is also green on the market, maybe this is a good start for the future.

Pet240

jr. member

Activity: 486

Merit: 3

It is not a news that crypto enthusiasts are presently hiding bitcoin and are refusing to trade with it. Which is one of the reasons why we see a surge in the price of bitcoin and it seems to be dominating presently. As a matter of fact, it's dominance us on the high side.

Sartrute

full member

Activity: 522

Merit: 101

Quote from: pixie85 on May 12, 2019, 05:12:06 PM

There's always a chance altcoins will be following bitcoin as they did in the past and as they are doing now. Altcoins are more volatile and they gain speed with everyday Bitcoin goes up. You could see that big altcoins like BCH followed Bitcoin right away but some shitcoins like SV needed more than a day to start their ascent.

I believe it's worth keeping some altcoins.

I agree with you. After Bitcoin shows good growth, then altcoins start to catch up with it. I think that in a few months altcoins will cost much more than they do now.

pixie85

hero member

Activity: 2170

Merit: 528

There's always a chance altcoins will be following bitcoin as they did in the past and as they are doing now. Altcoins are more volatile and they gain speed with everyday Bitcoin goes up. You could see that big altcoins like BCH followed Bitcoin right away but some shitcoins like SV needed more than a day to start their ascent.

I believe it's worth keeping some altcoins.

MakeMoneyBtc

full member

Activity: 1092

Merit: 117

Bitcoin price is going up and so does the price of most big altcoins in top 10 so most people will focus on buying this kind of coins instead of investing their money into projects that don't bring any profits these days and are not safe. So, instead of buying cheap altcoins hoping for a bigger return better start investing in coins that are already safe and trusted even though the profit could not be as high,the risks are smaller.

mrdeposit

hero member

Activity: 1358

Merit: 509

Absolutely true, but unfortunately, there are plenty of altcoins as you say on the entire market. Even, those who follow the roadmap do not make it as expected. I think that the situation in the market also affects this, probably it will be better after increase.

rijaljun

sr. member

Activity: 1274

Merit: 267

I agree that most of altcoins price don't reflect their real value. They are all hype and traders don't care about it as long as they can take profit. Real value should come along with development and it's weird to see most altcoins on market are overvalued while they don't have much development or any real use case yet.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: MadGamer on May 12, 2019, 10:34:21 AM

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.

You wouldn't consider Omisego, Lisk, Waves, Walton viable altcoins since they aren't even in the first 30 on the CMC? Or these are the exceptions you referred to?

Actually, I don't think we should dump the alts for Bitcoin. This is even a good time to buy in because alts are normally drawn up once Bitcoin price begins to soar. People should look for those viable use-case altcoins and pile them up on purchase for a good ROI.

Topic: Dump the alts - page 9. (Read 1733 times)