Sell all alts for Bitcoin while it's down? - page 10.

FrueGreads

legendary

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Quote from: BitCaptcha on January 17, 2018, 03:23:41 AM

I know everything is down right now.. especially Bitcoin.. Should we sell our alts for Btc and rebuy when it rises again or is it much for muchness?

I'm not saying the price can't go down any further because it can. Looking at a weekly time frame, bitcoin is trying to hold support at $10k, if it fails to hold this level, and since there is no clear support level beneath it, I would say it could go down to $8, or even $5k. All of these events are possible, but things keep changing, and only experience traders can analyze the markets and make these decisions on the fly, and even they make a lot of mistakes.

I would say that the wise decision for most people that can afford it, is to hold their coins during this time. If you believe in the potencial of crypto, specially bitcoin, you should believe that bitcoin is here to stay, so these prices are very low if BTC ever gets real adoption. So holding is the best decision.

The same thing goes for alts since they are connected to bitcoin. The only reason they are falling if because bitcoin is falling as well. As soon as bitcoin starts recovering, so will alts.

rh154c0d3

newbie

Activity: 56

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Quote from: BitCaptcha on January 17, 2018, 03:23:41 AM

I know everything is down right now.. especially Bitcoin.. Should we sell our alts for Btc and rebuy when it rises again or is it much for muchness?

if I were you, I will hold it all. I'm not a coin trader but for investment generally, I will hold all coins because I've seen the prices of bitcoin and altcoins rise and fall together. I'd rather try to hold all coins and collecting more and more for assets.
In the other side, If I think that I'm a trader, maybe yes that buying bitcoin using altcoins when all prices in low position is the best thing to do because bitcoin has highest price. it's just an opinion from a newbie like me.

norashing

member

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Quote from: BitCaptcha on January 17, 2018, 03:23:41 AM

I know everything is down right now.. especially Bitcoin.. Should we sell our alts for Btc and rebuy when it rises again or is it much for muchness?

i think you should not to sell altcoin right now! You sell it will go to moon Grin

ZaynDale

full member

Activity: 238

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T H E G O L D E N I C O

I see this strategy for people who really wants to invest more in butcoin but they do not have the resources or money to buy, their last resort would be selling their altcoins for bitcoin. This is not so wrong since it is your strategy, but if I were you, I would sell only some but not all. I would still want to see them all pump together.

zhangcaisbsbn55

member

Activity: 308

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Dont sell any tokens you are holding while its down, especially those under the ico price, if the market doesnt crash, the price will rise very soon.

tiggytomb

legendary

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Quote from: redblock on January 17, 2018, 03:28:27 AM

I would not do that. I am holding few promising coins, and while they did decrease in $$ value, I am up about 20% in btc. When btc rises back up (and it will soon), I will be up more than if I had sold all and bought btc in this dip.

This is the best way to look at the value of your alts when bitcoin is like this because whilst the USD value may look horrible the btc value is not as bad.

alexpayne

member

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I will not reccommend to do that, altcoins are affected by Bitcoin and Bitcoin is being pressed down by whales. Do not sell anything, this time is perfect to buy more

Mihaylovic

sr. member

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Quote from: BitCaptcha on January 17, 2018, 03:23:41 AM

I know everything is down right now.. especially Bitcoin.. Should we sell our alts for Btc and rebuy when it rises again or is it much for muchness?

If you could sell it by setting a stoploss at 5% or 10% it is acceptable but it is not a good choice to sell when sharp fall is already completed and it is about to recover. everybody start to collect alts now, if you sell your altcoins, you will be lost 2 times.

xiaopang11

newbie

Activity: 70

Merit: 0

At this time, I will not sell my bitcoin, I believe the market will return to normal, the bitcoin will be normal, we continue to hold, the loss will soon recover, don't worry.

enjotan

full member

Activity: 392

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I guess that's your decision in speculation on crypto. I think it's too risky to sell all your altcoin, because not necessarily the value will be greater. but if you have tried to analyze it is your thing.

otundebis

full member

Activity: 630

Merit: 100

If your Altcoin has not taken too much hit already, and provided your Altcoin is not ethereum of course you can sell your Altcoin for Bitcoin. If your Altcoin is ether however it will be a big mistake if you sell.

redblock

jr. member

Activity: 31

Merit: 1

I would not do that. I am holding few promising coins, and while they did decrease in $$ value, I am up about 20% in btc. When btc rises back up (and it will soon), I will be up more than if I had sold all and bought btc in this dip.

TMAN

legendary

Activity: 1414

Merit: 1808

Exchange Bitcoin quickly-https://blockchain.com.do

if you are an experienced trader then yes you can add vast amounts to your stack..

if you aren't then no - HODL and ride it out. Noobs lose funds left right and center in a bloodbath. if you believe in your portfolio then HODL go for a swim and come back in 2 weeks

BitCaptcha

member

Activity: 168

Merit: 10

I know everything is down right now.. especially Bitcoin.. Should we sell our alts for Btc and rebuy when it rises again or is it much for muchness?

Topic: Sell all alts for Bitcoin while it's down? - page 10. (Read 965 times)