Topic: Sell All Altcoins For Bitcoin? - page 9. (Read 9968 times)
Even though Bitcoin is a good coin, you don't have to put all your eggs in one basket. It will be good if you have Bitcoin and other altcoins too. Its better you make profit from both sides that just one side.
Well I will sell my altcoins only after their growth to BTC not earlier. Selling alts now is not a good idea. Usually alts growth after BTC reach the maximum
You're right, the altcoins aren't growing much now, because many people are looking at Bitcoin now, and soon the time will come and the altcoins will start growing. 
Well I will sell my altcoins only after their growth to BTC not earlier. Selling alts now is not a good idea. Usually alts growth after BTC reach the maximum
I think the current conditions for selling altcoins are not possible. the problem is that the altcoin is almost all unstable. so indeed the time is not right now, we better wait for things to improve and we sell altcoin to be replaced with bitcoin.
It's a good idea to sell your altcoins To bitcoin whenever Btc is moving up, in some cases cutting loss is better so as not to get rekt because almost all altcoins will dip whenever bitcoin is moving up, it's not advisable to sell when bitcoin is dipping though
Partly you're right on selling while bitcoin started to increase at profitable price mate, and it's not a wise idea while bitcoin also was dipping. It's good to sell some of the alts that you had and not the entire holdings once when btc shows some price spikes. But only for one purpose just to buy bitcoin and hold while the price wasn't building up at higher value.
Well I will sell my altcoins only after their growth to BTC not earlier. Selling alts now is not a good idea. Usually alts growth after BTC reach the maximum
Investing in this top coin Bitcoin is too good and this is a assurance that we can make money on it as we have seen btc rises over it's bad price in this year and now making stronger and can make this until it tottaly rise that's why investment in btc is the best for now.
Bitcoin appears to be more profitable than a lot of altcoins, especially the high ranking ones, have equally noticed the move and concluded it is wise to remain in bitcoin until its dominance begins to decrease or just have very little with altcoin in case of occasional pumps
I think its a thinkable idea but my old man always says dont put all the eggs in the same basket. So in this perspective it can be dangerous for your portfolio.
I always followed that rule, actually it does not mean you'll be successful if you follow that, it's still important you have luck also.
We only do that to diversify in order to minimize the risk, but as we minimize the risk it could somehow affect our opportunity to make more profit.
As what they said, big risk will result to big reward, and that's what we are playing here.
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There was such an idea for a long time, and I still can’t decide if it’s a completely bad idea or not, but at the moment I think that it’s quite reasonable to sell all altcoins and switch to Bitcoin.
It certainly depends on the trend, If you think your altcoins is not promising enough and bitcoin is just like an oasis in the middle of desert because your altcoins is stagnant or dumped, better off to cash out your alts to bitcoin since that's the more preferable options, I mean bitcoin could also go up as far as those altcoins can do. 
There was such an idea for a long time, and I still can’t decide if it’s a completely bad idea or not, but at the moment I think that it’s quite reasonable to sell all altcoins and switch to Bitcoin.
You can take some different strategy for the future profits. I think altcoins should not have to come so early because your honor can increase at any moment. In fact bitcoin is the good assets and you can move 80% your money in Bitcoin. Even if you have some in altcoins then it will be betterment.
Your idea is not good for me! Since its dangerous to keep all your investment in just one coin/token Its better to learn in a simple reminder "dont put all your egg in one basket"Ill still choose to buy and invest on numerous coins/tokens as long as it was promising and has a working product and services that may drive the coin/token demand in the near future.
Although bitcoin is really a good choice when you want to invest your money. But, it if you want to earn huge profit, investing in a promising altcoins is a wise decision. You can buy cheaper alts and sell it in a higher price once it pump. But of course, we have our own strategies.
Your idea is not good for me base in my opinion! Since its dangerous to keep all your investment in just one coin/token, Its better to learn in a simple reminder "dont put all your eggs in one basket" Ill still choose to buy and invest on numerous coins/tokens as long as it was promising and has a working product and services that may drive the coin/token demand in the near future.
I think its a thinkable idea but my old man always says dont put all the eggs in the same basket. So in this perspective it can be dangerous for your portfolio.
Indeed the price of bitcoin is increasing and improving. Some altcoins are following bitcoin price increases but not all of them. If indeed you are holding a coin that is less profitable at this time then you should indeed sell and exchange it for bitcoin. I think bitcoin is more profitable than many altcoins for current conditions. At least you are not at a loss that makes you even worse. You must immediately make a decision before you regret losing all your money. I'm afraid that later the coins you have become ashes before exchanging for bitcoin.
Bitcoin is the safest investment in the cryptocurrency market. And I think selling altcoin and exchanging it to bitcoin is the right step because bitcoin is a major asset in the market, moreover the price of bitcoin is now increasing
Indeed the price of bitcoin is increasing and improving. Some altcoins are following bitcoin price increases but not all of them. If indeed you are holding a coin that is less profitable at this time then you should indeed sell and exchange it for bitcoin. I think bitcoin is more profitable than many altcoins for current conditions. At least you are not at a loss that makes you even worse. You must immediately make a decision before you regret losing all your money. I'm afraid that later the coins you have become ashes before exchanging for bitcoin.
I bought altcoins a while back. Example coins such as waves and powerledger. I also have bitcoin cash from the fork etc.
I bought altcoins back then thinking hey if btc goes up, altcoins will go up more. Of all the altcoins i ever bought, not one altcoin I have is higher than the current price i bought it at. Every coin i bought whether it was the huge bull run or before it, such as waves, I'm down money. Well technically not down as most of these coins, i just hold. I did sell some though. The only coin i did buy that is up now is litecoin... but i have none of that now because i sold those a while back. That's right the one altcoin i sold would be in profit now.
Also if you look at the prices with bitcoin, its like many of the altcoins i hold, they are not even going up compared to bitcoin at all. They are either same price or dropping. Does anyone here think its best to sell all your altcoins for btc? I heard tons of things about waves. Yet nothing happening to the price except going down.
Also when i say altcoins, i know it means every other coin but bitcoin. But i mean specifically like those altcoins that are not in the top 20. I mean when you look at ETH, bitcoin cash, litecoin, i think these are legit as prices correlate to btc price. But if you look at those altcoins especially that is not in top 50 for example, many prices have dropped. I bought coins where price is still down 90% or so.
Now if you say yes, what about bitcoin cash? Or say bitcoin sv or bitcoin gold?
Because the more i think about it, if cryptocurrency goes up very high, well it seems like there's only a few coins only that could do that? Thus bitcoin, litecoin, eth, bitcoin cash, dash, monero or say bitcoin sv? I heard ripple is centralized so can't imagine it being the standard. I mean if there were only 3 coins left... what would that list have to be? I would figure its bitcoin, bitcoin cash and litecoin. If i had to include a few more, probably ETH and Dash.
I back then also wanted to get coins like funfair, edgeless and a few other altcoins. But now when i look at it, isn't it basically throwing money away? I think if i were to buy more crypto now, the only coin i would buy is bitcoin, litecoin or bitcoin cash. Maybe dash and monero. .
Thoughts on all of this?
this is definitely your strategy and your choice in making investments. personally I do take a different approach on my investment plans and holding only bitcoin is quite a risky investment. I will always invest and hold altcoins alongside bitcoin for diversification purposes I bought altcoins back then thinking hey if btc goes up, altcoins will go up more. Of all the altcoins i ever bought, not one altcoin I have is higher than the current price i bought it at. Every coin i bought whether it was the huge bull run or before it, such as waves, I'm down money. Well technically not down as most of these coins, i just hold. I did sell some though. The only coin i did buy that is up now is litecoin... but i have none of that now because i sold those a while back. That's right the one altcoin i sold would be in profit now.
Also if you look at the prices with bitcoin, its like many of the altcoins i hold, they are not even going up compared to bitcoin at all. They are either same price or dropping. Does anyone here think its best to sell all your altcoins for btc? I heard tons of things about waves. Yet nothing happening to the price except going down.
Also when i say altcoins, i know it means every other coin but bitcoin. But i mean specifically like those altcoins that are not in the top 20. I mean when you look at ETH, bitcoin cash, litecoin, i think these are legit as prices correlate to btc price. But if you look at those altcoins especially that is not in top 50 for example, many prices have dropped. I bought coins where price is still down 90% or so.
Now if you say yes, what about bitcoin cash? Or say bitcoin sv or bitcoin gold?
Because the more i think about it, if cryptocurrency goes up very high, well it seems like there's only a few coins only that could do that? Thus bitcoin, litecoin, eth, bitcoin cash, dash, monero or say bitcoin sv? I heard ripple is centralized so can't imagine it being the standard. I mean if there were only 3 coins left... what would that list have to be? I would figure its bitcoin, bitcoin cash and litecoin. If i had to include a few more, probably ETH and Dash.
I back then also wanted to get coins like funfair, edgeless and a few other altcoins. But now when i look at it, isn't it basically throwing money away? I think if i were to buy more crypto now, the only coin i would buy is bitcoin, litecoin or bitcoin cash. Maybe dash and monero. .
Thoughts on all of this?
There is a risk and benefit factor in crypto trading. BTC reached ATH yet the profit was low if you compare successfull alts. I bought a token at 8 cents and sold at 2usd. Now compare the profit percentage, is not it quite high than btc. If you buy btc at 200usd that is another thing. I waited 6 months only, in case of btc you had to wait some years
Altcouns has it's own season, the time is coming when goo altcoins will move along with coin, if you want to sell your altcoins for btc you should have done that when bitcoin was still low let's say when it was 3k, this is not the right time to sell alt for btc.
The season of altcoins will come to us soon, because the season of bitcoin has come nearly to its end. It is so ridiculous to ask "Sell All Altcoins for Bitcoin", like the written OP. In contrast, now it is time to aks an opposite question: Is it time to sell all bitcoin for altcoins (good altcoins)? I think the latter question make more sense in current phase of crypto market. How long has bitcoin started its bull run? More than 6 months, that is long enough to hit its turning point, from which bitcoin domination will fall and altcoins will see their own season. 
I don't think it is a good idea to sell all altcoins for bitcoin, as nobody knows what would happen in future, but i firmly believe that altcoins would pump hard it is a matter of time.
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