Topic: Is this time to Sell altcoins before BTC Halving - page 4. (Read 1024 times)
Now the market is growing, so I don't think you should sell alts to hold on to Bitcoin, personally I'm holding on to both Bitcoin and alts.
I personally will still maintain the altcoins that I have, because it would be better for us to have a focus for bitcoin and altcoins, when the price of bitcoin is pumped higher of course it will have a positive impact on the altcoins market too although it doesn't happen quickly and in my opinion having a few coins in the portfolio will be good for preparing a bullish market.
we have the same thought. I also don't sell my altcoin because I feel that bitcoin will have an effect on altcoin. in addition, I hold ethereum, the second-best coin available at the moment. so, when the price of bitcoin goes up because of halving, I think ethereum will also go up, and I feel that the situation will be very similar in 2017. Well, in that year, I think the most profitable thing is to have altcoins.
I personally will still maintain the altcoins that I have, because it would be better for us to have a focus for bitcoin and altcoins, when the price of bitcoin is pumped higher of course it will have a positive impact on the altcoins market too although it doesn't happen quickly and in my opinion having a few coins in the portfolio will be good for preparing a bullish market.
Naturally, if Bitcoin does well then the crypto market in general does well too but just a reminder that this is no guarantee. Not all altcoins will enjoy the boom when it happens,,, as this is not any longer 2017;)
Also, if you saw, Bitcoin dropped 4% but Ether then dropped >10%. So alts enjoy the rise but they also suffer even more when things do not go well!
I personally will still maintain the altcoins that I have, because it would be better for us to have a focus for bitcoin and altcoins, when the price of bitcoin is pumped higher of course it will have a positive impact on the altcoins market too although it doesn't happen quickly and in my opinion having a few coins in the portfolio will be good for preparing a bullish market.
Are you talking about top altcoins or some new coins?
I think that new coins can grow even in a bear market, and the top altcoins only in a bull market. But their growth can be said to be "guaranteed" - they are known to everyone and when new users come to crypto in the bull market, in any case they invest part of the money in top altcoins.
I personally will still maintain the altcoins that I have, because it would be better for us to have a focus for bitcoin and altcoins, when the price of bitcoin is pumped higher of course it will have a positive impact on the altcoins market too although it doesn't happen quickly and in my opinion having a few coins in the portfolio will be good for preparing a bullish market.
we have the same thought. I also don't sell my altcoin because I feel that bitcoin will have an effect on altcoin. in addition, I hold ethereum, the second-best coin available at the moment. so, when the price of bitcoin goes up because of halving, I think ethereum will also go up, and I feel that the situation will be very similar in 2017. Well, in that year, I think the most profitable thing is to have altcoins. 
I personally will still maintain the altcoins that I have, because it would be better for us to have a focus for bitcoin and altcoins, when the price of bitcoin is pumped higher of course it will have a positive impact on the altcoins market too although it doesn't happen quickly and in my opinion having a few coins in the portfolio will be good for preparing a bullish market.
Halving may not impact crypto markets directly or more immediately but it take time to make its impacts to be reflected on major cryptos hence in-between time anything may happen. Sell if your altcoins are about to get delisted or to hit zero value.
Yes, that's the point which everyone clearly missing. They think that with upcoming halving, the price is gonna be better although it's not. It takes time to actually adjust the price and the worst case is it wouldn't do any difference in first few months post-halving.
It seems that the ETH overcame the temporary correction very quickly and continues to grow. This is surprising to me since, apart from speculative events (coronavirus), I do not see any foundation for such a movement. More precisely, there are some fundamental factors, but their influence should become dominant in the future, and not now.
Litecoins halving was different because nobody really likes the team behind litecoin, they like litecoin itself but they do not like Charlie and so forth which caused the drop in the price. Plus mining litecoin wasn't profitable so machines stopped instead of actually continue and people literally could give up on litecoin, they can't give up on bitcoin, there are thousands of other coins that are much better for litecoins alternative but bitcoin is one and only and there will be more and more people getting into it.
However, if it is about bitcoins price not going up as expected, I do sort of understand how that could happen, sure thats not really that common but it could potentially happen, instead of going up directly, maybe it will drop a bit first and go up after that? That sounds possible.
However, if it is about bitcoins price not going up as expected, I do sort of understand how that could happen, sure thats not really that common but it could potentially happen, instead of going up directly, maybe it will drop a bit first and go up after that? That sounds possible.
Altcoins looks like attached to bitcoin this time around, I know we are not used to it but I have seen multiple times when all of them went up together and all of them went down together with bitcoin which means after the halving if bitcoin goes up, maybe altcoins go up as well?
I mean we can never know that and I understand if people have any fears about it, I would totally have the same in any other instance but it looks like halving could be something different from all other reasons of bitcoin going up, this is more of a fundamental reason to go up so I can't really say it will be like any other. I still think it won't be overnight tho, I still think it will take 6-12 months to actually peak and be the biggest it will be after the halving happens.
I mean we can never know that and I understand if people have any fears about it, I would totally have the same in any other instance but it looks like halving could be something different from all other reasons of bitcoin going up, this is more of a fundamental reason to go up so I can't really say it will be like any other. I still think it won't be overnight tho, I still think it will take 6-12 months to actually peak and be the biggest it will be after the halving happens.
Always hold majority of your fund in btc rather than altcoin as btc is dominant one and other follow its trend so if there will be rally then sure btc will ride but when it reaches certain point altcoin will follow it. So my best advice is to make 70:30 or 80:20 btc to altcoin ratio to get safe ride in having duration.
Not really, if you see ETH in the past month, it has a nice bump over bitcoin. From 0.019btc to 0.028btc. So, if you chose the right coin, you can easily multiply the number of bitcoins you have.
And about the halving, i think the best moment to sell is a couple of days it happens.
I think it's a good idea to sell alts to Bitcoin now, because Bitcoin will always be more profitable to keep than alts, plus before halving the price of Bitcoin will rise.
Having both alt-coin and Bitcoin would be a much more safer than just holding BTC.
But I also have the same thing on my mind because BTC could skyrocket before the halving but so does the alt-coin.
But there is a higher chance that BTC would skyrocket because of the halving while the alt-coin market is just a pure speculation.
It sometimes some speculations meant to be unless we don't have any basis for it. But what we can see now, when Bitcoin moves high altcoins will do the same. If Bitcoin does the skyrocket, it eventually dragging altcoins to follow too. But of course, we don't have to expect those low liquidity coins to make their way uprising cause it absolutely they are still be lying dead.But I also have the same thing on my mind because BTC could skyrocket before the halving but so does the alt-coin.
But there is a higher chance that BTC would skyrocket because of the halving while the alt-coin market is just a pure speculation.
For the current market position, it is really great if we accumulate some altcoins before the final run started. In fact, the market has it drops by now for a few $ and it might possible to see it rising back again later.
Always hold majority of your fund in btc rather than altcoin as btc is dominant one and other follow its trend so if there will be rally then sure btc will ride but when it reaches certain point altcoin will follow it. So my best advice is to make 70:30 or 80:20 btc to altcoin ratio to get safe ride in having duration.
This is a good advise if we are investing a decent amount, however, for people who aim high enough and does not have a decent amount of investment, this won't work for them as they might be bored holding too long not making much. the formula I follow is risk high on altcoins when the capital is small, but always do due diligence when investing.
Always hold majority of your fund in btc rather than altcoin as btc is dominant one and other follow its trend so if there will be rally then sure btc will ride but when it reaches certain point altcoin will follow it. So my best advice is to make 70:30 or 80:20 btc to altcoin ratio to get safe ride in having duration.
Are you not afraid that the scenario with the LTC halving will be repeated? As you can see on the chart, the price has fallen significantly and even at the moment it is very far from recovery:
https://i.imgur.com/pfNLuxM.png
https://bitinfocharts.com/ru/comparison/price-price-ltc.html#1y
Halving can be positive in the long run, but in the short run it can cause a strong drop in price.
https://i.imgur.com/pfNLuxM.png
https://bitinfocharts.com/ru/comparison/price-price-ltc.html#1y
Halving can be positive in the long run, but in the short run it can cause a strong drop in price.
It doesn't make any sense to compare any altcoin with BTC. Bitcoin is in big demand and it is being discussed on very level even all banks are afraid of this so that it will be keep continue with its natural way as like it is moving forward. I believe BTC will get explode after this event.
I often meet this point of view that it is not worth comparing altcoins and bitcoin and partially agree with it. But there are areas where comparisons are fully justified - for example, mining. The bitcoin network consumes electricity (which must be paid for in dollars), so the economics of miners (closely related to halving) have many similarities.
no one needs to get panic because of bitcoin's upcoming halving and its consequence of bullish market. There is no proven records that altcoin market will be falling against bitcoin bullish market. Anything may happen that is the proven record of this crypto space. I too believe it will be complete foolishness to sell all of our altcoins holding just for the reason of upcoming halving. It will lead to huge losses for the people who contributed into many ICOs and IEOs.
Like you have mentioned, halving will take time to impact into crypto markets. It means we will be having enough time to take right decision whether to sell our altcoins or not. I believe another strong bull rally of altcoins is yet to take place and rushing right now to encash altcoins might lead to big disappointments and regrets later on.
I just wonder why people are getting panic just for imaginary reason. I agree pre-emptive decisions will be good but that should not be based on any ultimate proof. Because if you take a random decisions that will lead to unnecessary losses. When an investor is getting unnecessary panic then he should not be fit for being an investor. For this kind of investors should risk only with bitcoin kind of highly reputed coin and never should touch any altcoins.Like you have mentioned, halving will take time to impact into crypto markets. It means we will be having enough time to take right decision whether to sell our altcoins or not. I believe another strong bull rally of altcoins is yet to take place and rushing right now to encash altcoins might lead to big disappointments and regrets later on.
Yes, altcoins are known for wild fluctuations and may get impacted against bitcoin's bull markets. So, for the investors who want peace of mind then they should stick only with bitcoin investment with long term holding option.
I guess OP is afraid of negative effects of bitcoin's bullish markets. But, if you check what happened in 2017 during the BTC's strongest bull trend, you will come to know that whenever bitcoin is stable and sustaining, altcoins are able to find its investors to leap forward. Not just in 2017, almost all the times, it has happened.
So, this must be a bad idea to sell for the reason of upcoming halving. Halving may not impact crypto markets directly or more immediately but it take time to make its impacts to be reflected on major cryptos hence in-between time anything may happen. Sell if your altcoins are about to get delisted or to hit zero value.
That must be right point because no one needs to get panic because of bitcoin's upcoming halving and its consequence of bullish market. There is no proven records that altcoin market will be falling against bitcoin bullish market. Anything may happen that is the proven record of this crypto space. I too believe it will be complete foolishness to sell all of our altcoins holding just for the reason of upcoming halving. It will lead to huge losses for the people who contributed into many ICOs and IEOs.So, this must be a bad idea to sell for the reason of upcoming halving. Halving may not impact crypto markets directly or more immediately but it take time to make its impacts to be reflected on major cryptos hence in-between time anything may happen. Sell if your altcoins are about to get delisted or to hit zero value.
Like you have mentioned, halving will take time to impact into crypto markets. It means we will be having enough time to take right decision whether to sell our altcoins or not. I believe another strong bull rally of altcoins is yet to take place and rushing right now to encash altcoins might lead to big disappointments and regrets later on.
Having both alt-coin and Bitcoin would be a much more safer than just holding BTC.
But I also have the same thing on my mind because BTC could skyrocket before the halving but so does the alt-coin.
But there is a higher chance that BTC would skyrocket because of the halving while the alt-coin market is just a pure speculation.
But I also have the same thing on my mind because BTC could skyrocket before the halving but so does the alt-coin.
But there is a higher chance that BTC would skyrocket because of the halving while the alt-coin market is just a pure speculation.
I guess OP is afraid of negative effects of bitcoin's bullish markets. But, if you check what happened in 2017 during the BTC's strongest bull trend, you will come to know that whenever bitcoin is stable and sustaining, altcoins are able to find its investors to leap forward. Not just in 2017, almost all the times, it has happened.
So, this must be a bad idea to sell for the reason of upcoming halving. Halving may not impact crypto markets directly or more immediately but it take time to make its impacts to be reflected on major cryptos hence in-between time anything may happen. Sell if your altcoins are about to get delisted or to hit zero value.
So, this must be a bad idea to sell for the reason of upcoming halving. Halving may not impact crypto markets directly or more immediately but it take time to make its impacts to be reflected on major cryptos hence in-between time anything may happen. Sell if your altcoins are about to get delisted or to hit zero value.
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