It depends on your diversity.
Considering Bitcoin Gold will have similar price like Bitcoin Cash - so about 10% of Bitcoin's value - your Profit from Bitcoin Gold will be 10% if you sold all your alts. Since most alts are down more than 10% right now, you will probably be at loss. Also, don't Forget that the alts will rise again after fork, so to my mind now is the best time to buy alts, not BTC.
Also, i don't think that Bitcoin Gold will get much Reputation nor Support by the exchanges.
Topic: Sell all alts to buy more cheaper? - page 6. (Read 2005 times)
With the upcoming bitcoin fork and the so called "dividend" that will be received thru bitcoin gold the price of BTC is on the rise. I am considering selling all my altcoins, even at a loss, so that i can buy more of them once bitcoin's price rises up higher.
What are your thoughts on this? Would this be a good strategy?
This is a very good idea you have and I have been thinking along this ways since last night and this your thoughts confirm what I was thinking. Bitcoin will keep on raising and after sigwith2x we would have altcoins been pumping again as those that will like to take profit will likely convert there bitcoin to altcoins What are your thoughts on this? Would this be a good strategy?
Alts have dropped too much to think about doing this now. You probably have to ride the wave with what you have.
It is too late to do something like that now. Better hold on your investments in alt coins, because i think that this downhill in alt coin prices will stop. After the fork, yes btc price will rise, but after a while most of the alt coins will rise too. Bitcoin whales will be with great monetary power in their hands and be sure that they will use it. I mean that having assets in BTC will make somebody able to buy after the fork a lot of some alt coin, more than he can do now. So, be sure to expect more pump and dumps, more price fluctuation,and possibly higher prices in alt coins.
There is only one problem with this strategy. That is everybody has the same strategy. What does this mean?
1. Bitcoin price will become overvalued and ALT's under valued.
2. As soon as Bitcoin gold is released there will be a rush on the ALT's again.
Will Bitcoin Gold be as valuable as everyone is speculating?
Everybody is following the same strategy however.
A clever strategy maybe to buy up all the really undervalued ALT's by selling your over-valued bitcoin.
Just a thought.
1. Bitcoin price will become overvalued and ALT's under valued.
2. As soon as Bitcoin gold is released there will be a rush on the ALT's again.
Will Bitcoin Gold be as valuable as everyone is speculating?
Everybody is following the same strategy however.
A clever strategy maybe to buy up all the really undervalued ALT's by selling your over-valued bitcoin.
Just a thought.
With the upcoming bitcoin fork and the so called "dividend" that will be received thru bitcoin gold the price of BTC is on the rise. I am considering selling all my altcoins, even at a loss, so that i can buy more of them once bitcoin's price rises up higher.
What are your thoughts on this? Would this be a good strategy?
What are your thoughts on this? Would this be a good strategy?
Are you sure the price of your altcoins are not on the bottom? If they are it would be better for you to keep holding them. You should have thought about this a month ago when the prices were not that bad.
Yes, i agree, its a good strategy. There is a very high probability, that alts will continue to fall
With the upcoming bitcoin fork and the so called "dividend" that will be received thru bitcoin gold the price of BTC is on the rise. I am considering selling all my altcoins, even at a loss, so that i can buy more of them once bitcoin's price rises up higher.
What are your thoughts on this? Would this be a good strategy?
What are your thoughts on this? Would this be a good strategy?
WoaH! thats a bad idea for selling your coins at the cheapest price since you would lose your capital on it and you cannot assure that you can even earn with Bitcoin Gold and maybe the best thing to do is to hold that alts for a while and try to seek for a capital to stake with btc for the upcoming fork so you wouldn't feel sorry by the time your alts will outrage and pump more harder.
~ I am considering selling all my altcoins, even at a loss, ~
you ARE at a loss! no matter which altcon you had invested in, and no matter at which price you bought them, all of them have been falling for the past coupe of days meaning you lost quite a bit of profit and we are talking about big drops of 10%-20% each day and even as big as half the price going up in flames not just small 1-2% drops.
which means you should have sold, no matter what the future plans of you are.
With the upcoming bitcoin fork and the so called "dividend" that will be received thru bitcoin gold the price of BTC is on the rise. I am considering selling all my altcoins, even at a loss, so that i can buy more of them once bitcoin's price rises up higher.
What are your thoughts on this? Would this be a good strategy?
That was a good idea sir, we should sell all alts now because there is a coming fork. As I read in the news, if we have a bitcoin it will be doubled after the hardfork. What are your thoughts on this? Would this be a good strategy?
With the upcoming bitcoin fork and the so called "dividend" that will be received thru bitcoin gold the price of BTC is on the rise. I am considering selling all my altcoins, even at a loss, so that i can buy more of them once bitcoin's price rises up higher.
What are your thoughts on this? Would this be a good strategy?
What are your thoughts on this? Would this be a good strategy?
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