If you have to sell bitcoin to an alt, so... - page 3.

Wysi

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Quote from: d3nz on October 31, 2019, 09:53:41 PM

Not a good idea since selling bitcoin to an altcoin is not profitable and most likely you will lose the value of coin or token that you will be buying and it would be much better to trade bitcoin since the value is going up and down.

And selling an altcoin to bitcoin is much better but it will depends on how much you have bought in. So it will be much profitable and gain more satoshi.

Yes it's always a bad idea to trade bitcoin for altcoin as altcoin's value depends on bitcoin and not the vice versa. Again it depends from a person to person even I did trade bitcoin for litecoin in the past and that trade was fruitful to me on a short term. We could rather directly purchase altcoin instead of selling bitcoin in order to buy altcoin, as the value of bitcoin will increase for sure if altcoin has to rise and moreover if we used fiat to buy tokens/altcoin (only potential) then it will be more profitable.

Aying

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Quote from: Ailmand on October 31, 2019, 01:18:50 PM

Our definition of altcoins sometimes depends on our experience holding it. However, I don't think selling Bitcoins for altcoins would be a good idea especially during this kind of market situation. I would rather focus on Btc and Ethereum or other top coins than taking a big risk of investing with new altcoins.

You're right, its too difficult now to take risk on altcoins. every one of them are going dead and useless. dont take any action that you'll regret at the end. our situation now are too unpredictable. every project developers now are confident to scam newbie and traders bearing in fomo. because they are the victims that doesn't bear even they scam many times. so thats right that we should focus on popular coins and altcoins. don't let yourself loss a huge fund.

d3nz

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Not a good idea since selling bitcoin to an altcoin is not profitable and most likely you will lose the value of coin or token that you will be buying and it would be much better to trade bitcoin since the value is going up and down.

And selling an altcoin to bitcoin is much better but it will depends on how much you have bought in. So it will be much profitable and gain more satoshi.

shield132

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Quote from: btcanonymous666 on October 26, 2019, 12:44:03 PM

Describing a shitcoin varies from person to person. An alt that made you good money doesn't mean that it's a promising one. So please be honest, and if you ever have to sell your btc, what would you buy with them?

My first vote to Monero, for privacy reasons. Fuk ZEC and its "optional privacy" which is NOT a privacy actually. DASH? Lol, no privacy. Another bitcoin clone methinks.
Second one is Ethereum, there is no serious competitor in smart contract area.

I cannot find third one. Maybe NANO.

None coin is promising to be fair because they don't offer something very valuable which would be considered as promising except one to my mind and that's Monero because of it's privacy, that's why bitcoin is so popular too and monero rocks in this task, it's even better than bitcoin. Also I'm glad that I amn't alone and the only one who thinks so and takes second place for ethereum.
If you are looking for third one, to my mind that can be Grin coin, this coin really revived interest among people, theymos was also very interested with this project from the very begining.

syamster

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Quote from: lienfaye on October 28, 2019, 10:19:49 PM

I will not sell my bitcoin to buy altcoins, Its not a wise decision especially now that the value is improving.

I would rather use my fiat to buy additional altcoins and that would be eth, bnb and ltc. Im seeing these 3 alts with a good future knowing how established it is.

These three altcoins are highly influenced by the pumps and dumps of bitcoin so investing into them is a good decision for being on the safe side. Of course, this would be highly stupid of someone buying altcoins by selling bitcoin. It is as if you are selling diamond for buying silver which will definitely put you in loss. No matter how much silver increases in value, it will be still less than diamond.

yes you are right we can consider bitcoin as a diamond and nobody will be willing to sell diamond and buy some other less valuable things, selling bitcoin is completely wrong because the price of bitcoin is always increases unexpectedly and those people will regret who sell bitcoin and buy altcoins, it is always a dream of people that they must have bitcoin in their wallets so selling it is stupidity.
Apart from this altcoins investment also proves beneficial but invest some other source of income in it.

ioanbtc

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I will sell bitcoin now for ETH and Nano, but only if a force situation will be need, but if sell now most of bitcoin for altcoins the profit will not come soon, and even bitcoin now can't bring good profit on short time.

Ailmand

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Our definition of altcoins sometimes depends on our experience holding it. However, I don't think selling Bitcoins for altcoins would be a good idea especially during this kind of market situation. I would rather focus on Btc and Ethereum or other top coins than taking a big risk of investing with new altcoins.

tambok

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Quote from: zeze18 on October 31, 2019, 08:57:55 AM

Quote from: lienfaye on October 28, 2019, 10:19:49 PM

I will not sell my bitcoin to buy altcoins, Its not a wise decision especially now that the value is improving.

I would rather use my fiat to buy additional altcoins and that would be eth, bnb and ltc. Im seeing these 3 alts with a good future knowing how established it is.

It depends on the market situation, buying alts with btc is also good when the alts have the potential to grow.
Also if we buy bitcoin and get profits from bitcoin trade, then we buy some alts for good and the alts also makes profits.
That means we will get multiple profits from what we're doing which is really nice

Yes. But depends on altcoins, so you should check out carefully which coin is good to trade at, we should analyze these things carefully before we will buy any altcoins. But as per now we can see that the purchasing power of Bitcoin is rapidly increasing compare to altcoins.

zeze18

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Quote from: lienfaye on October 28, 2019, 10:19:49 PM

I will not sell my bitcoin to buy altcoins, Its not a wise decision especially now that the value is improving.

I would rather use my fiat to buy additional altcoins and that would be eth, bnb and ltc. Im seeing these 3 alts with a good future knowing how established it is.

It depends on the market situation, buying alts with btc is also good when the alts have the potential to grow.
Also if we buy bitcoin and get profits from bitcoin trade, then we buy some alts for good and the alts also makes profits.
That means we will get multiple profits from what we're doing which is really nice

Suslived

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Quote from: btcanonymous666 on October 26, 2019, 12:44:03 PM

Describing a shitcoin varies from person to person. An alt that made you good money doesn't mean that it's a promising one. So please be honest, and if you ever have to sell your btc, what would you buy with them?

My first vote to Monero, for privacy reasons. Fuk ZEC and its "optional privacy" which is NOT a privacy actually. DASH? Lol, no privacy. Another bitcoin clone methinks.
Second one is Ethereum, there is no serious competitor in smart contract area.

I cannot find third one. Maybe NANO.

Hellz yeah +1 for Monero.

I love how Monero has consistently been for privacy all the way. Monero even first caught my attention when they blocked centralised ASIC mining by changing their mining algorithms. They still do change those algorithms regularly years later and are still always promoting the spirit of cryptocurrencies as private, decentralised, and freedom-giving.

Wouldn't be surprised if Monero survives and outlives most altcoins.

gabmen

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This probably won't be a popular choice, but for me, first would be Tron. Justin Sun's made a lot of BS antics in the past that dragged this coin down but it was decent at least especially if you're not afraid to make a gamble. That Warren Buffet lunch was a disaster but it also gave me a pretty good entry point. Next would be BTT. I still believe it's one of the coins that has real use but is undervalued, for now at least. Third would be between ether and ripple.

oktana

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Quote from: redsun114 on October 30, 2019, 01:38:19 PM

Kucoin is honestly a very potential coin in the making and if I have to make investment right now again, I would invest in kucoin because I already have enough of most of these projects that are being listed here, but still yet to have kucoin because I am waiting for it to really bottom, but for future potential, I think kucoin exchange is another exchange that is the making and destined to be great like binance, and we all know how binance value started growing from $1 to the current price it is now, I was a little bit late in making investment in binance even when the price dump a bit and I had the chance, but never believed much in their project then as much as I believe now, but right now, I think I would not miss the chance of having kucoin as future investment.

if for such a token utility model there are still other options such as okb and huobi. indeed Kcs is superior in the shares method, and their prices are still affordable at $ 1.49, but Bnb is still better at fluctuating speeds, you won't miss BNB momentum for too long, because it's still fast running at $ 12 - $ 20. I even happy to see BNB go down when BTC happens the same thing, because there is no long-term loss to buy it.

SummerBliss

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Quote from: btcanonymous666 on October 26, 2019, 12:44:03 PM

Describing a shitcoin varies from person to person. An alt that made you good money doesn't mean that it's a promising one. So please be honest, and if you ever have to sell your btc, what would you buy with them?

My first vote to Monero, for privacy reasons. Fuk ZEC and its "optional privacy" which is NOT a privacy actually. DASH? Lol, no privacy. Another bitcoin clone methinks.
Second one is Ethereum, there is no serious competitor in smart contract area.

I cannot find third one. Maybe NANO.

Associating sentimental value is the biggest mistake you can do as a trader. You should treat every coin equally. Be opportunist, not follower. You aren't buying clothes or car that you have to use for a time being. Rather you are buying coin having zero utility to you other than being investment item. So instead of differentiating coins on the basis of features, better study the market performance if your sole motive is to earn profits.

redsun114

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Quote from: Gotumoot on October 28, 2019, 10:37:45 AM

I'll sell it on Ethereum too, Especially now its price has dropped. The second is Kucoin I see their strong exchange which may be similar to Binance Coin.

Kucoin is honestly a very potential coin in the making and if I have to make investment right now again, I would invest in kucoin because I already have enough of most of these projects that are being listed here, but still yet to have kucoin because I am waiting for it to really bottom, but for future potential, I think kucoin exchange is another exchange that is the making and destined to be great like binance, and we all know how binance value started growing from $1 to the current price it is now, I was a little bit late in making investment in binance even when the price dump a bit and I had the chance, but never believed much in their project then as much as I believe now, but right now, I think I would not miss the chance of having kucoin as future investment.

desticy

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The main difference between bitcoin and altcoins is that it is self-sufficient.
Bitcoin does not depend on what is happening with the developer, the development of the project is ongoing or not, there are announcements or not, the project is on its own roadmap or behind it.

All this is not. But for alternative coins, everything very much depends on the human factor, unfortunately.
Therefore, choosing a project in favor of which I would sell my bitcoins, I would choose a project with a working team that has never let anyone down,
has been on the market for a long time, and also has ambitious, and most importantly, implemented plans for the future.

Thank God such projects are enough on the market.

smyslov

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Quote from: btcanonymous666 on October 26, 2019, 12:44:03 PM

Describing a shitcoin varies from person to person. An alt that made you good money doesn't mean that it's a promising one. So please be honest, and if you ever have to sell your btc, what would you buy with them?

My first vote to Monero, for privacy reasons. Fuk ZEC and its "optional privacy" which is NOT a privacy actually. DASH? Lol, no privacy. Another bitcoin clone methinks.
Second one is Ethereum, there is no serious competitor in smart contract area.

I cannot find third one. Maybe NANO.

I can sell a small portion of my Bitcoin for altcoin, and if I'm going to sell it my pick will be Ethereum and Eos I'm very bullish on these two coins, Ethereum obviously is a stable altcoin, Eos is a developing altcoin dedicated to gambling and many Dapps are created within it, but I will never sell all my Bitcoin for altcoins, Bitcoin should always be a top choice for obvious reason.

ice18

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I prefer eth than the rest of all altcoins out there I have big trust that this coin has long way to go more interesting features will be added very soon and I hope more and more users will adopt its blockchain, BNB is my next altcoin after eth mainly because its the utility coin of the no.1 exchange so the potential to reach again its ath is very possible in the next bull run.

doomistake

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Quote from: btcanonymous666 on October 26, 2019, 12:44:03 PM

Describing a shitcoin varies from person to person. An alt that made you good money doesn't mean that it's a promising one. So please be honest, and if you ever have to sell your btc, what would you buy with them?

I'd go for Monero first, and probably for Litecoin in second, then XRP in third or Ethereum. Monero, Litecoin, and Ethereum are the big threes that proved already their existence is worht it for someone to invest their money on it, if bitcoin is the king, then these 3 are bitcoin's General.

Quote from: Karmakid on October 26, 2019, 07:35:29 PM

First of all, I will not sell all of my bitcoin to an altcoin because it is not the way that I diversify my portfolio

OP didn't mentioned that he will sell all of his bitcoin to buy altcoins.

Serco

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Quote from: JC btc on October 29, 2019, 01:31:34 AM

Quote from: BigBos on October 29, 2019, 01:03:51 AM

if I sell my bitcoin for altcoin, the choices that appear in my head are ethereum, BNB, BCH SV, TRX, and WAVES. I might choose one of them, and if I have a lot of bitcoin, I will do full or more stock on ethereum. but, right now I think selling bitcoin is wrong. however, people are currently selling altcoin for bitcoin.

So far now, I don't need to sell my Bitcoin, it is more safer than selling it and buying altcoins, yes, there are some altcoins which are good to hold too, but of course majority of it are not. So, the one stated, I agree, but rather than selling my Bitcoin, will just invest a part of my savings to it that I will hold added to Bitcoin.

if we sell bitcoin used to bought altcoin for short trade i will do it.possibility to earn money bigger than risk if i have knowledge in trading.sometimes , good altcoin price down meanwhile it has good future.if we dont take this opportunity , our goal to earning profit in market will not achieved.it just about coins conversion in market with profits as this goal.

EdenHazard

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Quote from: harizen on October 28, 2019, 07:03:17 PM

Quote from: btcanonymous666 on October 26, 2019, 12:44:03 PM

~snipped~

My BTC will only be limited to BTC/USD pair.

For altcoins, sh*t or not, I do have separate funds for that only limited to altcoin trading. This is to ensure that my strategy will not be affected by some of the given circumstances on either BTC or alts.

In terms of choosing altcoins, no doubt the technology behind it isn't really the main reason why people preferred this or that to trade. Volume-wise and popularity are the main criteria*. I do have my own list on my portfolio but decided not to share with it as lurkers might be confused about what to choose especially, newbies. They will think that just because those coins give profit to others, they will expect to have the same result.

I would say to sell bitcoin (in term of trading not for long term investment) for an alts is conditionally , I mean when bitcoin market seems so stagnant and you found it interesting to compare the price between the bitcoin and an alt where certain alt isn't move in the bullish period... I see this as opportunity as when any others alts has moved up but that one altcoin is not yet ... that time I decided to sell my bitcoin up to half of it and start buying those altcoin I targeted before.

That's how my bankroll management works, that's how I build my portfolio. You shouldn't leak the whole portfolio you have , just share some tricks how you do buying those alts.

Topic: If you have to sell bitcoin to an alt, so... - page 3. (Read 952 times)