I think this happened before the bitcoin gold fork, people were selling their altcoins or some of them for bitcoin.
Now with the next one coming along shortly the same is going to happen.
People will want to get their free coins and then buy their alt coins back if they want to.
Topic: Sell alts for Bitcoin - page 2. (Read 1082 times)
Selling altcoins to get bitcoins is a good idea as you can earn bitcoin gold for free after this fork.But if you selling your alts coin then you have to sell at lower rates which is probably by taking loss as market for the altcoins has fall down quite a lot.But now the price of bitcoins are high so selling alts now might lead to loss.
Yes, people are doing that and I think its a good idea because I heard that Bitcoin is getting forked which means there is going to be a new coin called Bitcoin gold and my friend told me that if someone have Bitcoins they are just giving away Bitcoin gold for free , That's the reason most of the people are selling away all the ALT coins.
I think you should be in BTC till December
I think, i will sell altcoin for bitcoin start on November 1st. Then hold btc for several weeks. And start trading on december.
Do you think it can be a good strategy waiting for 2x? Do you think it's better rebuy alts before the event or just after it? Thank you
Everyone is doing a guess work when it comes prediction and it's not clear to make focus on. It is always a good plan buying altcoins and waiting for an increase in its price.
works and knows where your investment being place, as long as you know how to deal with loses and you have time to wait then its still good to hold alts than sell it for btc right away.
I normally look just for a weekly profit and withdraw at that point and then look to another coin most of these coins now days will fail anyway. Then I convert my earnings to Bitcoin
I think price of bitcoin ,altercoin will keep fluctuating but buying altercoin and waiting for price rise is a good business idea.
Do you think it can be a good strategy waiting for 2x? Do you think it's better rebuy alts before the event or just after it? Thank you
Everyone is doing a guess work when it comes prediction and it's not clear to make focus on. It is always a good plan buying altcoins and waiting for an increase in its price.
a good chance when bitcoin goes up and we can buy thousands of altcoins instead of having to sell them.
and when the bitcoin starts to stabilize wait a while and you will benefit from altcoin that has increased.
and when the bitcoin starts to stabilize wait a while and you will benefit from altcoin that has increased.
When do u think make sense to convert alts into btc? I mean how many days before the fork? One day or two days?
that might be a good idea but not for me because i wont do much on the bitcoin because the bitcoin has a high value and also i wont get a lot of profit from it. for me it is better to split it to another altcoin the minimize the loss of the coin but investing on the bitcoin was not a wrong decision it is your own opinion if what strategy would you like to do
Way too early to leave alts and step into btc. Fork isn't until more then 2 weeks. A lot of profits to be made the nxt week.
I don't know why people say alt coins are where you park your Bitcoin, or that altcoins should be temporary assets in ones portfolio.. if we are to build a robust crypto economy this attitude will not work. You should invest for long term to see good appreciation in value. Day trading and swing trading is different.
This fork if it happens will be different from the previous ones as both are competing for the top spot or the right to call themselves Bitcoin.. the blockchain with the maximum hashpower/miners could be called Bitcoin according to some exchanges..
This fork if it happens will be different from the previous ones as both are competing for the top spot or the right to call themselves Bitcoin.. the blockchain with the maximum hashpower/miners could be called Bitcoin according to some exchanges..
Personally, I am holding 30% of my portfolio as BTC like all the time. But before this for, I increased the percentage to 50. It is up to you, but my suggestion is to divide your money to both BTC and alts.
Everyone likes free coins 
Think about BCH and BTG fork
Maybe this will be a similiar pattern, but there is nothing absolute here.
Be ready
Think about BCH and BTG fork
Maybe this will be a similiar pattern, but there is nothing absolute here.
Be ready
I believe no. Because there is someone that I know signaled me that not to sell my alts because it will go boom this time around. So guyss, just hold on your alts and probably we can profit a lot. I am so excited for the boom of CTR and AVT. Let's go.
All alts are on a downward trend now. And they will be in the mext months. People say that the next appreciation of the alts value will happen in at least some months from now. If you have many alts, my advice is to sell them for the bitcoin and wait 2-3 months before doing something. The bitcoin is appreciating, this is certain, 99% of the alts have a downwards trend.
I see all my alts are down, so I think it is a good time to buy more. Maybe gradually before the event. After that, I will see if 2x will bring bitcoin higher or lower price. My actions will depend on which way bitcoin will go after the event. Right now, it is just buy alt for me since it is cheap.
it can technically be a good idea to sell all your altcoins before bitcoin has a fork. then either keep your money as bitcoin or fiat ready to buy bitcoin.
because we have all seen many times in the past that when bitcoin price drops, altcoins follow it harder. so if you have altcoins they may lose a lot of their value. selling in this case is wise.
and when bitcoin has some downtime there will be a bigger rally right afterwards which means you have to join the bitcoin rally before it begins because afterwards it will be late and you miss out. not to mention altcoins will drop during big bitcoin rallies.
because we have all seen many times in the past that when bitcoin price drops, altcoins follow it harder. so if you have altcoins they may lose a lot of their value. selling in this case is wise.
and when bitcoin has some downtime there will be a bigger rally right afterwards which means you have to join the bitcoin rally before it begins because afterwards it will be late and you miss out. not to mention altcoins will drop during big bitcoin rallies.
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