Topic: Sell all alts for Bitcoin while it's down? - page 8. (Read 965 times)
If your holding decent coins you just have to hold it because its too risky if your new to trader life just hold because we dont know decent alts can turn us winners
Never forget about diversification. Do not hurry to sell everything
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 don't think that is a smart move mate. Selling all your holdings to buy one coin is not a good move in the cryptomarket because diversity is key. The more you have, the more chances of success so they say. Also, many news saying that bitcoin will be stable for a while is surfacing, thus, if you intend to dispose all your altcoins for future use and profit by holding onto your traded bitcoin, then that might take you a long time to get your return because of the trend bitcoin is showing right now. I think the better move is to get rid of those altcoins that won't give you profit short term and use them to buy bitcoins as a replacement long term investment. Hold onto the coins that may give you quick and easy profit.
You may sell some of your alts to fund your bitcoin investment but don't sell it all. Make sure to fund the opportunity of some of your potentials alts to comtinuously grow. We are risk takers and all are investments will be worth it in time.
hopefully this dip gives a chance for new players to enter the market; daytrading will be tough!
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?
You can switch your bitcoin to USDT, its price is very stable to escape from big dumping.But I suggest to be relax, big drops happened many time , it will lead the price to a new high.
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.
That's one consideration to think of, but I think that selling "all" is not a good move. In the cryptocurrency market, holding a diverse selection of coins help you to actually have more potential profit. Also, there are some altcoins out there that might yield good profit too, since there is an expectation in the market block that bitcoin would soon be stable and hold its current value for a while. Therefore, if you would dispose your altcoins to get bitcoin, you should also be ready and patient to wait until bitcoin gains traction and increases value again.
For me I will not sell alts for bitcoin while its down because every altcoins is a potential that can even compete bitcoin just like ethereum with a lot of potential now, we just hold for now or may be we buy the deep of this altcoins and bitcoin this time.
sounds like good idea, you should do it
In this time, I think we don't worry, Because market can up or down but we need calm in more case. Current altcoin mobilize
we should hold our altcoin and wait it increase price. If you want to sell it, i thinks this mistake because it will increase in the future. Bitcoin never dice, don't worry. Goodluck
we should hold our altcoin and wait it increase price. If you want to sell it, i thinks this mistake because it will increase in the future. Bitcoin never dice, don't worry. Goodluck
selling all altcoin is not a good solution for us because we only get lost too much money while bitcoin price is down too deep. the best thing that we can do is still hold the altcoin until the price increase back. but if you want to hold bitcoin only then you can sell all of your altcoins. I think we need to be patient for a while and I am sure that the price will be back normal again.
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?
Although that might be a good and profitable move in the future. What I don't totally agree on is the "sell all" move. I think that you can try to dispose off those coins that are proving to be non-profitable or at least won't be in the next few months, especially if you're only eyeing for a short term investment. Bitcoin is always the powerhouse in the cryptocurrency market and holding it for future use is never a bad idea, I think. However, there are still lots of promising altcoins in the market that could be considered for a semi or full long term investment that could yield good profit. To support this idea, I think one should get all information available to him in the internet or through news platforms and apps to give him the best possible scenario on whether to hold or sell some assets. For that, Daneel (daneel.io) could be considered because it can give you analytical market data showing the current trends and changes with altcoins and also bitcoin in the market. It also has this function of showing you market emotions which are consolidated through the feelings of people and how they judge what's happening in the cryptomarket, plus their opinions on what moves to better follow to avoid loss.
I don't think it has any sense because almost every alt is currently at low too. As we all know alts lose their value much faster than BTC. So I'm sure that we don't need to sell alts for BTC atm.
I think it's a wise choice to hold bitcoin, because it's the long term that makes money in the cryptocurrency market.
For me should not sell my coins.i would rather just hold on it waiting the rigth time rise up again.I decide to buy some altcoins before the low price in the market
Don't be hasty with your decisions. The reason prices drop so much when there is a bloodbath like this is exactly that - people panicking and selling everything as they suddenly believe it will all lose value. Hold you nerve, stop looking at coinmarketcap and go outside for a bit! It wont last and all the true coins with value will have a surge in a week or two.
Agree I think you do not need to panic because of the current market conditions. you better go out and do refreshing for the next few days. I'm sure this terrible price change happens because of some news and issue that makes many users panic and sell their bitcoin. I'm sure when the bitcoin market situation returns to normal and not panic. prices will rise again. do not panic stay patient dude.. 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?
Yes, that seems to be good idea unless and until those coins are not potential coins to grow in the future. For example, I wouldn't sell my ether for the bitcoin because that would be really bad idea. This year ether is going to perfect coin and will rise a lot. People are also very sceptical about it and you will see how it will grow to 10K real soon. Considering other coins which were pumped artificially are not good stuff to hold so you can exchange them with the BTC for sure. If we work that way then we can have better opportunity to earn profits by the end of year. But I would really stress that we should not exchange the ETH. :-)
Yes, Your decision is correct. You sell your altcoin has satoshi velue is down now when ever Bitcoin goes up get decent profit.
It is good time to convert your alt coin to bitcoin becouse bitcoin is in corretione mode and it can move upward any time after this correction if we convert now we get more profit.
Buying for fiat money would be the moment now.
But everyone have their own possibilities and their own way.
But everyone have their own possibilities and their own way.
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