Is this time to Sell altcoins before BTC Halving - page 8.

Kupid002

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Quote from: rijaljun on February 12, 2020, 06:01:56 AM

If you are sure Bitcoin will surge after the halving then you have at least two options : the first one is to hold your altcoin, cause eventhough you know the price (in BTC) will go down but you will eventually see the price goes up again. the second option is to sell your altcoin before it goes down deeper (because the halving) and then re-buy the dip.

the first option needs more patience and time, the second one probably better if you are now in profit.

There is possibility that you may earn much higher in altcoin than in btc the only problem is if the altcoin you hold will follow the thrend if the btc price goes up.
For me my only suggestion is if you believe about the altcoin you hold that it will give profit then hold it and wait for the btc bull run and halving. If you affraid you cna sell atleast half of your holdings and convert it to btc in that case you will not risk all your money.

rijaljun

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If you are sure Bitcoin will surge after the halving then you have at least two options : the first one is to hold your altcoin, cause eventhough you know the price (in BTC) will go down but you will eventually see the price goes up again. the second option is to sell your altcoin before it goes down deeper (because the halving) and then re-buy the dip.

the first option needs more patience and time, the second one probably better if you are now in profit.

The Cryptovator

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If bitcoin Halving effect on bitcoin price then most likely altcoin will be affected as well. When bitcoin start up naturally most of bitcoin start dumping. But they start pump again after a period when bitcoin stay calm. So panic buy would cause of your lose. Most of altcoins are on dip. So I think its will very harm to hold then till next bull run. But of course you should have patience to catch next bull because we don't know when it will happen. So I will discourage everyone to avoid panic sell right now.

rxalts

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Crypto history certainly has a way of repeating itself. If you review BTC dominance cahart from Jan 2016 through April 2016, there was a constant decline in BTC dominance. We certainly have more alt coins this go-around, but as long as you hold the strong coins I think it may be better to hold alts for another month or so. Don't get caught up in day to day swings unless margin trading Grin

hope this helps!

carlisle1

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this is a tough question mate because there are many things to consider before doing this.

just like Putting all investment in Single currency are very risky mate because diversifying is still the best strategy to make.

and also though Bitcoin Halving is coming and the price of this Currency is really promising to pump,but don't forget that Altcoins are also coming next after Bull running of Bitcoin so better be cautious in this part because you might regret the decision making if not assured.

maydna

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That will depend on your strategy. I think if altcoin price can increase so high before bitcoin halving, then yes, we can sell it to get bitcoin, and we can sell the bitcoin to fiat. But if the altcoin you have is not increasing, then I don't think that if you sell the altcoin is the right decision because you can hold it for more until the price increase so you can make a profit in bitcoin.

But as we see now, some of the altcoins can increase, and even if altcoin price follows bitcoin price, the altcoin will have time to hit the highest price too. So you better wait for a while, and who knows, your altcoin price can increase.

Subbir

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Quote from: FGT on February 10, 2020, 12:46:07 PM

Altcoins growth faster than BTC growth.
Altcoins fall faster than BTC falls.

But you never know...

You have said that altcoins fall faster than BTC Falls But i feel they're falling but we cannot sell them to altcoins except with the rise in bitcoin These should be retained. i feel if Bitcoin's growth slows down then we'll be ready to make tons of profit if Altcoin gets the nod. That is why we should all wait for the right time.

Shasha80

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I have a different opinion about altcoins, because of the wrong decision to sell altcoins before BTC halving. If we see the price of altcoins
is also increasingly rising with USD pairing. Because of following the rise in price of bitcoin, so I recommend holding altcoins that you have
until the BTC halving ends. So you can double profit, from bitcoin and altcoins. I say this is based on my analysis is done first. Hopefully my
predictions run smoothly and we can all enjoy the excitement like in 2017.

Janation

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Instead of selling them, you could just hold them.

As BTC halving happens, altcoin's prices are getting better so keep on holding it rather than selling them. Some say that it might be having an altcoins price increase so probably some might have a price pump.

maxreish

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Nope, why do we have to sell off our altcoins? Bitcoin halving doesn't necessarily mean it will kill altcoins in the market. They can probably grow the same or increase too. Useful altcoins shouldn't be left behind and investors is not focusing only on bitcoin, remember that. It is a wrong move to sell altcoins if they are giving some potential gains.

FGT

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Altcoins growth faster than BTC growth.
Altcoins fall faster than BTC falls.

But you never know...

serjent05

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Quote from: fib123 on February 09, 2020, 05:23:21 AM

In this time we have to think about what we need to do with our altcoins which is crushing daily basis. Here is my thought about altcoins to be patient and wait for the right time, don't need to panic, I belie that we will be see perfect time to get out from alt market. And for those who are in Bitcoin i advised them to stay away and wait for more dip.

What is your suggestion please comment.

This depends on the kind of altcoin we are holding. If we are holding those that are on top 10 of CMC, it is a wise decision not to sell but if the one we are holding are those coins that lacks development, then there is no reason for us to hold it. Better to sell this kind of altcoin and buy Bitcoin on it or another altcoin that is worthy of holding.

sana54210

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It could honestly be the best time to invest into altcoins instead of bitcoin. When people realize that bitcoin halving doesn't magically make the price go double up, they will start to sell their bitcoins, when they sell it the ratio of bitcoin to altcoin will change and the altcoins we invested will worth more in terms of bitcoin even if not in dollar (which we can't really know until it happens).

So, investing into altcoins right now is not a bad idea, in fact it is one of the best ideas out there, sure maybe this won't happen and bitcoin will go up but even in that sense maybe the bitcoin value of the altcoin could drop but there is a big chance dollar value of it will go up. So in the end if you look at it you will win either way, maybe on bitcoin value, maybe in dollar value.

FanEagle

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Bitcoin halving is about to bring a major price pump in bitcoins followed by the altcoins. This is the start of the bull runs where we can see bitcoins going above $10,000 but I would never prefer anyone to sell in these markets. The markets are climbing and it would lead for a more higher price for bitcoins as well as the altcoins and holding in this situation would make you earn money and not just selling them in the current trend.

What I can see is that most of the newbie traders have started to sell and exit the markets which might be affecting the price. There is no need to panic as this is not the first growth showed by bitcoins or any other markets.

shield132

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I wouldn't sell all of my altcoins and invest in bitcoin directly right now. It also depends on what coin do you hold and how you look the perspectives of this coin.
The first reason why I wouldn't sell right now is that price may still decline in 1-2 week range while your altcoin may keep current price or rise (may fall too). For example Huobi Token had 17% rise today.
Bitcoin Halving is in May so there is still a long time to way, even after halving it won't rise immediately, it may happen after some months from halving, no one knows. Personally I expect serious rise in and after Autumn like it was in previous halving.

Dart18

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I am not in panic since the dark ages. Grin

Because there is really nothing happening in the altcoin knights of rounds.
All of them looks like they were dying candles.
But who will be a fool to sell it with dust? After waiting for so long, you will surrender now? I wont.
I might be one of those hard headed fools that will wait for a long time.

Driggers95

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Quote from: Wind_FURY on February 10, 2020, 05:47:03 AM

This is only my observation. The money goes to Bitcoin first, then surges to the cryptocurrencies in the top 10/top20, then surges again to the lower and lower to smaller and smaller capitalized coins.

And the implication of this saying is that we should definitely do the opposite, work hard in holding altcoins, even buying more in this situation because before the halving event, whales will make pumps for bitcoin, capitalizing from altcoins will become nutrients for bitcoin to grow, altcoin will have low value, selling will only cause losses. While we have many opportunities to have a special performance when whales have no more capital for bitcoin, they will create pumps for altcoins to accumulate, our chances are right here

LUCKMCFLY

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Quote from: fib123 on February 09, 2020, 05:23:21 AM

~snip~

I have a very different conception to the opinions of many Altcoins enthusiasts, for me the price of Bitcoin is an indication that all the altcoin that I have in my possession should be changed to Bitcoin, and leave it in Hodl mode, the reason is simple, the Bitcoin halving approach, adoption, Bitcoin is being used lately in many countries as a refuge of value similar to gold, and although the price may fall, it is not important, because Bitcoin is about to reach a price very good and if taken as an investment can give benefits to a not so long term.

davis196

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Quote from: fib123 on February 09, 2020, 05:23:21 AM

Hello Everyone,

As we all knew about Bitcoin upcoming event that is Bitcoin Halving, Which is schedule near around MAY,2020. Due to this news you can see that Bitcoin is continuously climbing everyday and todays BTC market is open above 10k USD. This is clearly mentioning bull run in BTC which is always welcoming by all crypto lover.

In this time we have to think about what we need to do with our altcoins which is crushing daily basis. Here is my thought about altcoins to be patient and wait for the right time, don't need to panic, I belie that we will be see perfect time to get out from alt market. And for those who are in Bitcoin i advised them to stay away and wait for more dip.

What is your suggestion please comment.

Event Countdown is Here https://www.bitcoinblockhalf.com/

Why are you so sure that the altcoins will crash after the Bitcoin halving?
Usually altcoin prices tend to follow the Bitcoin price movements,so a BTC price pump after the halving might lead to altcoin price pumps."Be patient and wait for the right time" is not an actual advise,because you don't know when the right time will come.Can you backup your advise with some technical and fundamental analysis?

Reid

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We don't really have much of a choice here.

I have bitcoin and Ethereum only which gains value but the other are still looking pretty bad.
Red or if there is a worse thing to color it then that is how my altcoins are. Cry

If you sell it then you will just feel bad afterwards. Better to just stay in the wallet and hope for a better value. Just hopes for now.
There is nothing else we can do about it.

Topic: Is this time to Sell altcoins before BTC Halving - page 8. (Read 1037 times)