It’s taking a lot of discipline not to sell my alts for Bitcoin. - page 2.

btc_angela

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of course we need strong discipline not to switch to bitcoin. By fine-tuning the previous pumps, I have lost to my stand and sold my altcoin to take part in the bitcoin pump.

But there's no more bitcoin pump right now, the price is way below $10k as everyone is expecting that by this time the price should be around $13k. Anyways, you have made the decision and I do hope that you need more discipline to hold your bitcoin for the long haul to at least maximise your profits.

South Park

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Quote from: idekai on July 28, 2019, 02:20:07 PM

Quote from: DrBitcoin on July 23, 2019, 05:35:12 AM

then I look at the charts and, especially Cardano, I’m not sure how much lower it can go. Then again...who knows. It could go much further down from here.

Well you're right about " I’m not sure how much lower it can go " and yeah who knows about the price fluctuation.
But the thing is, when did you buy the coins? If you cut your loss how much will you lose? What's your profit limit?
You should be calculate this things, especially the loss and profit. If you want to get profit from these coins, you should calculate the limit
and estimate whenever the limit is reached. Hope you find profit on those coin and good luck bro

While that is true all of those factors should be known before you even invest in a coin, whenever I invest money in a coin I know how much I can let the market move against me before I decide to sell, it is painful to sell and to get less bitcoin in return but by adhering strictly to my strategy has saved me from losing so much money that it does not matter how unhappy I could be about losing money I always know that it could be way worse.

romero121

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Quote from: DrBitcoin on July 23, 2019, 05:35:12 AM

I’m 80% bitcoin, 20% alts. Most of those 20% alts were bought with bitcoin when I “thought” the Satoshi level was low. Little did I know it would go A LOT lower. That 20% is Litecoin, Ethereum, Cardano and Ripple.

It is obvious that the growth wasn't high after the days of 2017. The market of bitcoin kept falling which recently showed a rise and further has fallen low again. Every altcoin listed on the top seems to grow high, but this can't be achieved with deadlines.

Quote from: DrBitcoin on July 23, 2019, 05:35:12 AM

Since I’ve seen their Satoshi prices cut in half...every day I think I should cut my losses.

Small volume holders were the one suffer big, because when we sell the price might increase.
No decision can't be made like the large volume hodlers who are the success people of bitcoin.

Quote from: DrBitcoin on July 23, 2019, 05:35:12 AM

But then I look at the charts and, especially Cardano, I’m not sure how much lower it can go. Then again...who knows. It could go much further down from here.

There is always a good choice of investing, from my experience small volume holders just panic while large volume holders use it an opportunity to invest. Cardano and all other altcoins mentioned were highly potential altcoins for investing.

Rooster101

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As of now, Bitcoin has more earning potential than those altcoins because of its continuing price rally so I recommend not to sell it for altcoins. The altcoins that mentioned by the OP are considered strong coins, they had their own time for uptrend. If you are an experienced daytrader, you can always use your altcoins to earn more profits instead of holding them in your exchange or wallet.

idekai

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Quote from: DrBitcoin on July 23, 2019, 05:35:12 AM

then I look at the charts and, especially Cardano, I’m not sure how much lower it can go. Then again...who knows. It could go much further down from here.

Well you're right about " I’m not sure how much lower it can go " and yeah who knows about the price fluctuation.
But the thing is, when did you buy the coins? If you cut your loss how much will you lose? What's your profit limit?
You should be calculate this things, especially the loss and profit. If you want to get profit from these coins, you should calculate the limit
and estimate whenever the limit is reached. Hope you find profit on those coin and good luck bro

HELLOFF

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Quote from: Nhebu on July 27, 2019, 06:46:46 PM

Quote from: DrBitcoin on July 23, 2019, 05:35:12 AM

I’m 80% bitcoin, 20% alts. Most of those 20% alts were bought with bitcoin when I “thought” the Satoshi level was low. Little did I know it would go A LOT lower. That 20% is Litecoin, Ethereum, Cardano and Ripple.

Since I’ve seen their Satoshi prices cut in half...every day I think I should cut my losses.

But then I look at the charts and, especially Cardano, I’m not sure how much lower it can go. Then again...who knows. It could go much further down from here.

Lol. You are selling all of your altcoins for bitcoin? That will be a disastrous for you when alts become the 2019 bull run. If ever all of alts will increase by hundred times, you will regret that you sell them. That is not discipline for me, that is a excitement to buy bitcoin. I have my own set-up in buying cryptocurrencies, yes I also prioritize bitcoin. But I only reserve 50% of my portfolio to it. I better to look upon other cryptocurrencies which I suspect that will move up simultaneously as bitcoin

I think that you should not get so excited and sell altcoins for Bitcoin. First of all, you should make an analysis of each coin and study the issue of its future prospects. You may even need to look at reviews from other users, if you have some doubts about personal conclusions. But you can’t leave only Bitcoin in your portfolio, because the quality of the result depends on the diversity of your portfolio.

Nhebu

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Quote from: DrBitcoin on July 23, 2019, 05:35:12 AM

I’m 80% bitcoin, 20% alts. Most of those 20% alts were bought with bitcoin when I “thought” the Satoshi level was low. Little did I know it would go A LOT lower. That 20% is Litecoin, Ethereum, Cardano and Ripple.

Since I’ve seen their Satoshi prices cut in half...every day I think I should cut my losses.

But then I look at the charts and, especially Cardano, I’m not sure how much lower it can go. Then again...who knows. It could go much further down from here.

Lol. You are selling all of your altcoins for bitcoin? That will be a disastrous for you when alts become the 2019 bull run. If ever all of alts will increase by hundred times, you will regret that you sell them. That is not discipline for me, that is a excitement to buy bitcoin. I have my own set-up in buying cryptocurrencies, yes I also prioritize bitcoin. But I only reserve 50% of my portfolio to it. I better to look upon other cryptocurrencies which I suspect that will move up simultaneously as bitcoin

senyorito123

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The order will set aside more effort to be analyzed in the case of giving up our alts for bitcoin. In that case you think that its troublesome holding so long on your advantages, don't push it yet rather redirect to another plans of dumping those which you think not worth to reach up a decent increase in future.

lumierre

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Quote from: zidanw on July 25, 2019, 08:14:23 AM

Quote from: Tszunami98 on July 24, 2019, 08:30:47 AM

Well, you had it good in this case. Having 80% in BTC turned out to be an excellent scenario.
You will never have it 100% so instead of thinking at thos 20% losses you should focus that you protected your portfolio very good giving the conditions of the market.

because the bitcoin season won't always go on so that to break your money in both digital currencies such as bitcoin and altcoin it is better because after the bitcoin altcoin season it will also be the main way to get results when bitcoin is difficult to get profits

Compare the growth of Bitcoin with the growth of altcoins. If you take the data for 3 last months, you will see approximately the same graphs. Nevertheless, BTC domination has boomed, which says about 1 thing: people started thinking seriously that 2017 bull run can come very soon. Thus, they rushed to invest in Bitcoin and exchange alts for the main crypto.

sheenaedago

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Sometimes we need to consider right opportunity instead of choosing what desires came in to our mind. Having that mindsets over us, cannot be denied but if it's not worth it to wait you should give up and choose to sell. Discipline is somehow difficult, so if you're holding bitcoin despite of having alts, the potential profit will be certain.

styca

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Quote from: DrBitcoin on July 23, 2019, 05:35:12 AM

I’m 80% bitcoin, 20% alts. Most of those 20% alts were bought with bitcoin when I “thought” the Satoshi level was low. Little did I know it would go A LOT lower. That 20% is Litecoin, Ethereum, Cardano and Ripple.

Since I’ve seen their Satoshi prices cut in half...every day I think I should cut my losses.

But then I look at the charts and, especially Cardano, I’m not sure how much lower it can go. Then again...who knows. It could go much further down from here.

I would stick with it and just hold. If you have 20% in alts, and they have dropped by 50% vs BTC, then that's only 20% x 50% = 10% altogether, which is fine I think. Certainly small compared to the dollar price rollercoaster we're all on. Don't panic, just hold it. I have more in alts than that, but I am still holding mine despite the tempation to switch everything to BTC. Good alts look very low vs BTC right now. They will surely recover.

Oceat

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There is always a light at the end of every dark tunnel,I'm positive that altcoin season will return when we list expected,why not stay positive?I know bitcoin is the best reliable crypto investment but altcoins have higher risk and higher profits too

Isn't Bitcoin and altcoins are almost the same in terms of risk and getting profit? Since most of these new altcoins aren't worth it to invest even if you say they have a higher profit in the future yet it will depend if the project would succeed but most of the time it won't. I think i should stick to Bitcoin if i were you since it is proven and tested that it will give you a profit if you really want it.

Vispilio

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I think the question you need to ask yourself is:

"Are there any altcoins out there that are fulfilling a function, use case or niche that Bitcoin currently cannot" ? Since the answer is a resounding yes,

it would make sense to allocate part of your portfolio to altcoins that are the best in what they are doing.

rose9696

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Quote from: DrBitcoin on July 23, 2019, 05:35:12 AM

I’m 80% bitcoin, 20% alts. Most of those 20% alts were bought with bitcoin when I “thought” the Satoshi level was low. Little did I know it would go A LOT lower. That 20% is Litecoin, Ethereum, Cardano and Ripple.

Since I’ve seen their Satoshi prices cut in half...every day I think I should cut my losses.

But then I look at the charts and, especially Cardano, I’m not sure how much lower it can go. Then again...who knows. It could go much further down from here.

It is certainly one of the most common mistakes to date. There were a lot of people wrong when investing in the wrong way. You have never used stoploss because you think the halving event will go well.
never subjective anything. always put a stoploss because the prediction is never correct, it can go in the opposite direction.

asriloni

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Quote from: wattcrypto on July 25, 2019, 12:17:28 PM

That is super tempting to sell them for BTC. I've actually had that thought too. I go back and forth on which alts are going to be useful and succeed once some of the enterprise level coins start to roll out.

But when the dominance of bitcoin keep increase and that will be a very bad thing for us. For me try to sell some amount to and then convert it to the bitcoin is not a bad choice too as long as we are still keeping the rest in the altcoin form.

forexandcryptoauditor

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I think we should have our investment in diversified manner to just be safe in worst conditions. And it is very important for ourselves to stick to some rules for the market, to get most out of it.
If you want you can accumulate more Bitcoin on declines keeping altcoins as is.

Ridho_ost

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Quote from: DrBitcoin on July 23, 2019, 05:35:12 AM

I’m 80% bitcoin, 20% alts. Most of those 20% alts were bought with bitcoin when I “thought” the Satoshi level was low. Little did I know it would go A LOT lower. That 20% is Litecoin, Ethereum, Cardano and Ripple.

Since I’ve seen their Satoshi prices cut in half...every day I think I should cut my losses.

But then I look at the charts and, especially Cardano, I’m not sure how much lower it can go. Then again...who knows. It could go much further down from here.

I think you invest very much. For me it's very good at taking big profits, but you have to be smart to hold your investment and be patient, and sell it higher when you are buy there and you get a big prize..

zidanw

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Quote from: Tszunami98 on July 24, 2019, 08:30:47 AM

Well, you had it good in this case. Having 80% in BTC turned out to be an excellent scenario.
You will never have it 100% so instead of thinking at thos 20% losses you should focus that you protected your portfolio very good giving the conditions of the market.

because the bitcoin season won't always go on so that to break your money in both digital currencies such as bitcoin and altcoin it is better because after the bitcoin altcoin season it will also be the main way to get results when bitcoin is difficult to get profits

sehoon

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With your investments, I don't think there is any reason for you to come down and panic sell. It's just altcoins are not yet pushing further like bitcoin. And take note that you haven't taken the lost unless you already sold your coins.

whirlcoin

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Quote from: DrBitcoin on July 23, 2019, 05:35:12 AM

I’m 80% bitcoin, 20% alts. Most of those 20% alts were bought with bitcoin when I “thought” the Satoshi level was low. Little did I know it would go A LOT lower. That 20% is Litecoin, Ethereum, Cardano and Ripple.

Since I’ve seen their Satoshi prices cut in half...every day I think I should cut my losses.

But then I look at the charts and, especially Cardano, I’m not sure how much lower it can go. Then again...who knows. It could go much further down from here.

yes going with the same decision for long time will be the perfect idea but sweet people will suggesting not to sell your right now investment for any other currency to invest this will be a very bad habit for everyone and it will not been useful also.

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