sell bitcoin to buy fiat or altcoin? - page 7.

Pamadar

legendary

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Quote from: novaprime on September 10, 2019, 07:25:38 AM

Quote from: DonFacundo on September 08, 2019, 11:13:25 AM

If I gained profit I definitely sell my bitcoins to buy stable coins like USDT not fiat, I always do that when I'm getting profit in trading. But when the time that I need money I will convert it into fiat.

I also often do this when making a large profit and holding Fiat is the final stage to know exactly your profit on investment. I think any investment will be very risky if you do not have the basic knowledge in this market. In fact, Bitcoin is the safest coin for people to invest and this investment always gives you good returns if you tend to hold for long.

Bitcoin can bring a good amount of profits when you already knows how to deal with this coin correctly, why bothered to sell your bitcoin and buy alts when the market situations is like this, there's no good market movement from alts industry so instead trying your luck buying another coin to hold, better to keep your bitcoin and study how to trade properly, by holding, your chance to see increase in fiat value is possible all you need to do is to wait.

jebul2

member

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indeed the price of bitcoin is very stable and often gives a very good surprise for a continuous increase but a situation like this that makes me confused to sell it and moreover to buy altcoin which is slow in price speculation conditions I often sell it to buy fiat until altcoin really recover I just bought Altcoin.

novaprime

sr. member

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UniDApp - it's DeFi time!

Quote from: DonFacundo on September 08, 2019, 11:13:25 AM

If I gained profit I definitely sell my bitcoins to buy stable coins like USDT not fiat, I always do that when I'm getting profit in trading. But when the time that I need money I will convert it into fiat.

I also often do this when making a large profit and holding Fiat is the final stage to know exactly your profit on investment. I think any investment will be very risky if you do not have the basic knowledge in this market. In fact, Bitcoin is the safest coin for people to invest and this investment always gives you good returns if you tend to hold for long.

Vladok

jr. member

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If you have bitcoin,it is better to leave it,but if you do not have it and you do not know what to buy, then I would choose altcoins, as they have more growth prospects

DonFacundo

full member

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If I gained profit I definitely sell my bitcoins to buy stable coins like USDT not fiat, I always do that when I'm getting profit in trading. But when the time that I need money I will convert it into fiat.

leea-1334

hero member

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Temporary forum vacation

Quote from: DmitFomin on September 06, 2019, 01:11:31 PM

I see no reason to sell BTC now, when its price is not high and halving should happen soon. Moreover, the popularity of Bitcoin and other cryptocurrencies is constantly growing. Now is a good time to buy and increase the volumes of BTC and altcoins on your wallets, but you need to decide on the budget allocation in order to understand what percentage of BTC and what percentage of other coins you will have.

I see plenty of reasons to sell.

Just because people are Bitcoin believers and hodlers does not necessarily mean they never sell,,, for example if you mine bitcoin or you earn it, then all your income is in bitcoin. If you can pay directly for btc for bills and rent and food, great. But until today I have not found a supermarket accepting btc, or phone company doing that or landlord in my country taking btc.

Reality is you still need to sell btc for money in 90% of cases.

imstillthebest

full member

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we dont buy fiat and i think buying is not the right term to be used for it but i think trade is more apropriate term . we trade our btc for fiat if ever we see the price of btc rise but not all people will do that , only to those who are ineed of money or already earn alot of profit .

trading btc to alts is not also price dependent because some will trade btc for alts anytime as long as they will need the alts for paying of for gambling . i like to play gambling with doge coin so that should be the only alt that i trade with my btc .

elisabetheva

full member

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Right now is a very appropriate thing for bitcoin investments. we know that price movements go down and up very fast. obviously this is a short-term investment that can be done for bitcoin.
and can make profits quickly because of the rapidly changing prices. but all of course with the right analysis.

_ZeD_

full member

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Quote from: millgates on July 24, 2018, 05:27:20 PM

We all always seek profits in cryptocurrency trading, if the price of bitcoin soars, will you sell it to buy fiat or altcoin? If you buy altcoin, what is the altcoin that you will buy?

I think now the best option is to be calm and set yourself the goal of the price of bitcoin, which will suit you. It is best not to pay attention to today's levels, and humbly wait.

Aceeakell

sr. member

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its different to answer. i did this mistake 2 times, i sold all my bitcoins for buying altcoins. it was a very big mistake for me. now i never sell %100 of my bitcoins. I m holding. Buying fiat is a different case fiat is't a investment.

Adelek15

jr. member

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On the off chance that you sell Bitcoin for fiat now, you will lose. It will be smarter to discover a trade with the best rates and sell BTC there to get altcoins. I would pick Gladius, IOTA, OmiseGO, Qtum, and Komodo

elewton

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DIA | Data infrastructure for DeFi

Quote from: alrose on September 06, 2019, 05:13:18 PM

Quote from: millgates on July 24, 2018, 05:27:20 PM

We all always seek profits in cryptocurrency trading, if the price of bitcoin soars, will you sell it to buy fiat or altcoin? If you buy altcoin, what is the altcoin that you will buy?

I am a living person and live in the real world, so naturally a certain part of the profits I convert to Fiat.And of course, since I'm not going to leave crypto, I will transfer a certain part to altcoins.And my choice is likely to stop at the BNB coin.

If I earn a high profit, I will spend a small amount to keep Fiat because this is the money to use in my daily life. In addition, I will spend all my investment in Bitcoin because Bitcoin is currently the safest coin in this market and the possibility of price increases will certainly occur in the next few months. Of course altcoin is still a good choice for investment but I only buy when the coin has a clear development

alrose

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Quote from: millgates on July 24, 2018, 05:27:20 PM

We all always seek profits in cryptocurrency trading, if the price of bitcoin soars, will you sell it to buy fiat or altcoin? If you buy altcoin, what is the altcoin that you will buy?

I am a living person and live in the real world, so naturally a certain part of the profits I convert to Fiat.And of course, since I'm not going to leave crypto, I will transfer a certain part to altcoins.And my choice is likely to stop at the BNB coin.

MaiQwaN

sr. member

Activity: 1036

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Now altcoins are at a low level and it seems that there may be a desire to start buying, thinking that a new continuous growth is possible. But in my opinion, both growth and an even more serious decline are possible. It is better to wait out this uncertainty.

MMysterious

sr. member

Activity: 972

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Bear season or just the beginning

Hold your bitcoins. Why sell it for altcoins when bitcoin now is gaining more dominance in the crypto market? Altcoins continuous to bleed and it is worrying. I am not even bothering anymore to trade altcoins for now. Buy fiat maybe if you want to avoid the volatility on bitcoin.

DmitFomin

jr. member

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BTC $1 mln.

I see no reason to sell BTC now, when its price is not high and halving should happen soon. Moreover, the popularity of Bitcoin and other cryptocurrencies is constantly growing. Now is a good time to buy and increase the volumes of BTC and altcoins on your wallets, but you need to decide on the budget allocation in order to understand what percentage of BTC and what percentage of other coins you will have.

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: millgates on July 24, 2018, 05:27:20 PM

We all always seek profits in cryptocurrency trading, if the price of bitcoin soars, will you sell it to buy fiat or altcoin? If you buy altcoin, what is the altcoin that you will buy?

Lol selling bitcoin when the price soars to buy altcoins is like suicide ,imagine that while bitcoin is falling all of the altcoins are falling swell then you are telling to buy alts?look at the market capitalization and compare the fall of alts than bitcoin?
Basically you will only put yourself into more difficulties,just stay holding bitcoin to profit soon,or sell and lose forever.think of it

bijiami

newbie

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TERA一秒出块八秒确认 Angry

lillobo

member

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Selling your bitcoins to buy altcoins is not a good idea. Its sure that btc's price will grow and its also a fact that none of the altcoins can catch up with BTC. Personally i wont do this.

Rustamm

member

Activity: 532

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Bitcoin lover!

Quote from: ?? on ??

I would rather go into fiat money. Altcoins are now a very risky investment. Bitcoin repeatedly dominates the market compared to other cryptocurrencies.

I agree, many altcoins are getting cheaper in satoshi, so it’s better to buy Bitcoin and use all available funds to buy Bitcoin. This will protect yourself from loss of funds as a result of an unsuccessful investment in altcoins, which are much cheaper since the purchase.

Topic: sell bitcoin to buy fiat or altcoin? - page 7. (Read 15891 times)