Is this time to Sell altcoins before BTC Halving

Mahanton

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Quote from: princehandsome on March 06, 2020, 10:31:09 PM

why do you have to sell Altcoins? I think it would not hurt if you hold both of them and that's can produce benefits 2x fold. but if you don't have money and want to exchange all your Altcoins for BTC then I think that's not a problem either because BTC remains a promising investment in the future. this is not the time to sell but HODL and BUYING.

Because he is obviously expecting that when halving happens, Bitcoin will boom. Many alts will ride the wave for sure, but some will wilt as well and it's better to have 1 sure thing in your hand than 2 that of which only 1 is a sure thing. Holding doens't always work for alts as most of us can attest.

Nothing is assured when we do talk about the future.The market can either go along with the hype or would just simply go to opposite ways if we do talk about Alts price.We cant really tell if this time they would correlate or go along with btc price or would go to the opposite way.Its a matter of risk handling on a certain individual.

If you can see the advantage on your side then why not but as said i would choose up on having some alts in my stash yet you arent only focusing on single, just be sure not to go all in and split
on several top alts.

xvids

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I don't really think that it is a good idea.
What if after you sell it the price of the crypto goes up it would just stress you more.
Only sell the alt-coin that doesn't have a chance to grow.

Farma

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Quote from: kaneki007 on March 02, 2020, 09:29:26 PM

If you have several altcoins that can be said to have the potential for long-term investment try not to sell them because of bitcoin halving, but if you have money you better try buying bitcoin before halving compared to selling altcoins that you have maybe you can get a profit from both.

if it is top altcoin, well, it should be kept on hold, because I am also quite optimistic that the price of top altcoin will also affect the halving that will occur. but, it depends on altcoin being held. I think that stocking bitcoin as much as possible is the best decision you can make right now. if there is an altcoin that doubts you, make it a bitcoin.

princehandsome

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why do you have to sell Altcoins? I think it would not hurt if you hold both of them and that's can produce benefits 2x fold. but if you don't have money and want to exchange all your Altcoins for BTC then I think that's not a problem either because BTC remains a promising investment in the future. this is not the time to sell but HODL and BUYING.

keferaloura

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To make sure, I think you just need to sell Bitocin at higher price compare to old price when you bought it Wink

shoreno

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Quote from: kaneki007 on March 02, 2020, 09:29:26 PM

If you have several altcoins that can be said to have the potential for long-term investment try not to sell them because of bitcoin halving,

if you know that your coins have a long term potential then why would you sell it ? why would you sell it too early just because of btc halving ? there is no correlation with that with the value of your coins . dont get affected with the fomo because that is bad and fomo is the number one killer of your coins potential .

Quote from: kaneki007 on March 02, 2020, 09:29:26 PM

but if you have money you better try buying bitcoin before halving compared to selling altcoins that you have maybe you can get a profit from both.

that would be a more better idea to do than selling his alts to buy btc because btc already dumped a little . buying some these days are fine than buying last time were btc is at 10k usd level .

kaneki007

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If you have several altcoins that can be said to have the potential for long-term investment try not to sell them because of bitcoin halving, but if you have money you better try buying bitcoin before halving compared to selling altcoins that you have maybe you can get a profit from both.

jrrsparkles

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Quote from: dunfida on February 23, 2020, 01:55:24 PM

....
Main things that everyone do experience where making decisions which a bit late in result of loss instead of gains.This isnt surprising though yet market is always unpredictable in the first place which means these kind of
mistakes do happen most of the time.

It all matter on risk management though where you do know the risk but you have gambled to take such step because you do believe that you can able to make profits ahead.We already seen some signs of possible
bullish run in few months thats why we do have that impression that this might be the time on selling out our altcoin stash and go all in for btc.

There it some a correction then steady price movement so it seems like we are still in accumulation period and bullish trend is about to out break much sooner than expected.

Stock market gets crashing due to corona.

Gold is getting extremely bullish.

Next cryptos will be the one...

KTChampions

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Quote from: $crypto$ on February 28, 2020, 12:54:05 PM

Quote from: KTChampions on February 28, 2020, 11:21:51 AM

This strategy has always worked - if the market is growing, then altcoins are more attractive because of their greater volatility, and hence profitability. Those cases when altcoins fell, and bitcoin grew more likely related to the falling or the flat market.

But sometimes when bitcoin falls then altcoin will also fall and is worse than bitcoin, right now sometimes it is difficult to grow altcoin unlike bitcoin that easily rises easily without having to wait for a large bullrun.
To be honest, I am still doubtful about altcoin being afraid of falling in a market like this, it will be difficult to return,

I do not understand what are you talking about. Altcoins have greater volatility than bitcoin. This is true both for a growing market and for a falling one. And I don’t understand what easier growth of bitcoin you are talking about - it has a huge capitalization, so growth is always slower than on the other smaller coins.

bearexin

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Quote from: jarhed on February 28, 2020, 02:01:38 PM

Now you shouldn't sell anything, neither alts, nor Bitcoin, because now the market will grow before halving Bitcoin, it's better to keep as many different coins in your wallet as possible.

It is actually not big of a deal that halving would change some stuff with bitcoin and altcoins. There is really no reason to connection of halving with altcoins, it "may" affect bitcoin but at the same time it doesn't really change so much about altcoins since if bitcoins go up that doesn't change anything with altcoin prices, they could go up or down and wouldn't really matter. I personally think that altcoins AND bitcoins will go up together, that way it would be easier and wouldn't care about halving since they will both go up, at least in the long run.

Plus, altcoin is just a wide term, do you mean ethereum or do you mean waves or do you mean a shitcoin, they are all different. If you have a good one keep it, if you have middle one think about it, if you have bad one sell it.

lienfaye

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Quote from: pageraji on February 28, 2020, 09:58:13 PM

I think its depend on altcoin you hold before halving, if you hold top ten altcoin like ethereum, xrp, bch and others i think its worth to hold and be patient, if bitcoin increase again after or before halving altcoin like ethereum its really make better profit. If you have more fresh money i think its better to buy more bitcoin and altcoin step by step on dip.

Even you're not holding a top coins as long as this coin you hold has potential then wait for it to increase. Much better to wait after halving because there's a chance of bull run though its not a guarantee. The current market is in dip and a chance to buy top coins hence instead of thinking when the price turns up, take advantage the situation and buy additional coins.

sulendra12

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Quote from: lobo13hf on February 28, 2020, 07:11:46 AM

At least bitcoin has already surpass 10k rate in a short time. It's also good to see people are still feeling optimistic to see the bitcoin to break its ATH. We are heading bitcoin halving as soon as possible.

Keep in mind that it's not just bitcoin halving that could make the price is increasing, There are other reasons behind this which can make the price went this far. Also from 2016 experience, bitcoin halving doesn't effect the price immediately. People are just holding Bitcoin because of following the trend.

pageraji

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I think its depend on altcoin you hold before halving, if you hold top ten altcoin like ethereum, xrp, bch and others i think its worth to hold and be patient, if bitcoin increase again after or before halving altcoin like ethereum its really make better profit. If you have more fresh money i think its better to buy more bitcoin and altcoin step by step on dip.

dunfida

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Quote from: hahay on February 28, 2020, 05:26:49 PM

That depends on your own confidence because if prices continue to fall every day, I'm not sure you will still stay calm and it would be better to sell if you are someone who cannot control yourself. But when you have good confidence then holding it longer is the right choice because after all, the price will definitely recover and all are just waiting for the right time, make a good plan just to minimize regret at the end and always take advantage of the opportunity every time as possible.

People are way too impatient thats why it isnt really surprising for these kind of questions.Also confidence is one of the factors that do affect our investment decisions.

Talking if its the right time to sell alts before btc halving? Its really indeed a choice of someone if he can risk or gamble it out because we wont know if the price of btc will shoot up after wards or not.

Theres no assurance and do have that plausibility that alts might pump into that particular time.Nothing is a guarantee.

hahay

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That depends on your own confidence because if prices continue to fall every day, I'm not sure you will still stay calm and it would be better to sell if you are someone who cannot control yourself. But when you have good confidence then holding it longer is the right choice because after all, the price will definitely recover and all are just waiting for the right time, make a good plan just to minimize regret at the end and always take advantage of the opportunity every time as possible.

Slow death

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Quote from: jarhed on February 28, 2020, 02:01:38 PM

Now you shouldn't sell anything, neither alts, nor Bitcoin, because now the market will grow before halving Bitcoin, it's better to keep as many different coins in your wallet as possible.

this is a situation that must be evaluated a lot. Imagine that a person bought ETH when the price was $270 (price of two weeks ago) or 0.027 BTC and the current price of ETH is $220 and for bitcoin and in relation to bitcoin 0.025 BTC. this means that the person will be having a loss of $50 for each ETH he bought and 0.002 BTC in relation to bitcoin for each ETH he bought. If the person in your risk management plan predicted that loss then that would be fine, but if the person did not imagine that he would have that loss then the person's situation will start to become very worrying. Because no one can guarantee that the price will not fall anymore. HODL can also cause a lot of loss if the person does not know the right time to get in and out

jarhed

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Now you shouldn't sell anything, neither alts, nor Bitcoin, because now the market will grow before halving Bitcoin, it's better to keep as many different coins in your wallet as possible.

$crypto$

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Quote from: KTChampions on February 28, 2020, 11:21:51 AM

Quote from: fullhdpixel on February 28, 2020, 04:32:59 AM

As we can see from the past 2 months, the times of bitcoin going up and altcoin going down is basically over, people are distributing their money equally (or at least distributing a bit) to everywhere and the difference is, when you have billions in bitcoin moving, it makes the same amount of movement it does in altcoins with just couple million at most movements since that is literally what is required for both of them to move, you don't need billions to move NEO for example but you do need it for bitcoin which means you can spend x10 more money on bitcoin and move the same amount in % for altcoins.

That is exactly why if you think bitcoin will go up, altcoins will probably go up as well so you should keep your money in altcoins as well if you want to.

This strategy has always worked - if the market is growing, then altcoins are more attractive because of their greater volatility, and hence profitability. Those cases when altcoins fell, and bitcoin grew more likely related to the falling or the flat market.

But sometimes when bitcoin falls then altcoin will also fall and is worse than bitcoin, right now sometimes it is difficult to grow altcoin unlike bitcoin that easily rises easily without having to wait for a large bullrun.
To be honest, I am still doubtful about altcoin being afraid of falling in a market like this, it will be difficult to return,

KTChampions

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Quote from: fullhdpixel on February 28, 2020, 04:32:59 AM

As we can see from the past 2 months, the times of bitcoin going up and altcoin going down is basically over, people are distributing their money equally (or at least distributing a bit) to everywhere and the difference is, when you have billions in bitcoin moving, it makes the same amount of movement it does in altcoins with just couple million at most movements since that is literally what is required for both of them to move, you don't need billions to move NEO for example but you do need it for bitcoin which means you can spend x10 more money on bitcoin and move the same amount in % for altcoins.

That is exactly why if you think bitcoin will go up, altcoins will probably go up as well so you should keep your money in altcoins as well if you want to.

This strategy has always worked - if the market is growing, then altcoins are more attractive because of their greater volatility, and hence profitability. Those cases when altcoins fell, and bitcoin grew more likely related to the falling or the flat market.

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Quote from: tabas on February 26, 2020, 10:30:40 PM

Quote from: dragon695 on February 26, 2020, 08:57:59 AM

Quote from: tabas on February 25, 2020, 06:31:54 PM

Ethereum isn't being affected much with this sudden dip. Being a holder of some altcoins, I'll sell if I think it's no longer needed to have that coin in a way that it's volume doesn't go up or there's no more interest into it.
You have alts to sell or none, keep on buying bitcoin.

Bitcoin is the only investment I believe in this time and certainly will not sell because this year Bitcoin can completely reach the new ATH. Of course, this is just my personal prediction and everything depends a lot on the market so it is necessary to consider carefully and always set the price to sell after buying to avoid greed.

Don't be so quick to expect that this year bitcoin will get a new ATH. I will not expect something like that as big as this early this year.
As you can see, bitcoin just fell a few hundred dollars and if someone still thinks to sell his alts, now is your time to buy bitcoin.

At least bitcoin has already surpass 10k rate in a short time. It's also good to see people are still feeling optimistic to see the bitcoin to break its ATH. We are heading bitcoin halving as soon as possible.
I have converted a lot of my coins to the bitcoin too. It looks like bitcoin will stop at this rate.

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