Topic: Selling BTC for Alt Coins? (Read 1975 times)

I often do that, because that's what I always see that for me, he becomes profitable, especially if the trading pair to be used is BTC to BNB, or it depends on you which crypto you trust more.

Because if that's how we make a trading pair, at least a win-win solution than your trading pair in stablecoins, for at least BTC or crypto, there will be an increase in price that will happen while you are holding.

2.1K BTC is quite crazy for me and I say him including Whales, what life he really wants, with that much BTC number I think he doesn't need to exchange it for Altcoin to live a longer life. LOL
I invest in altcoin to get bitcoin, but he is the opposite, although indeed Altcoin can provide a much bigger multiple but it is very risky, not a good choice, I also think that if I have a lot of BTC I better invest in BTC only than Altcoin even though Altcoin though tempting, but security and maintaining wealth at BTC are much better.

To me, buying coins should mean "supporting" them.

If only there were a safe place to place buy-with-bitcoin buy-offers - real bitcoin in my own wallet with my own keys.

I have been lucky to the extent that for a long time now I have been able to leave all my bitcoin in various places as buy offers despite the far too frequent "flying by night" or "oh noes we got hacked" exit-strategies of trading venues / implementations.

In other words it has so far, for me, been long term profitable to let my actual genuine on the blockchain bitcoins be at risk in order to use them to "support" (as in columns of buy offers) various alt-coins.

Nowadays though I am seriously considering that since I in any event have to "trust" my BTC-to-fiat and XLM-to-fiat (via BTC) outlets with my bitcoins, I might as well also start trading BTC-vs-XLM on those (the usual columns of buy and sell offers strategy supporting each using the other).

So maybe a useful starting place for you to look at first would be all the various venues where you can or do (or at least could) convert your BTC into fiat and see if any of the alts they offer appear tempting to you, being as how you already are going to ultimately at least momentarily trust such venues if or when you eventually convert some BTC into fiat.


-MarkM-

My advice, it's better not to sell your BTC. Even better, if you have other money, you can buy some potential altcoins to get other profits. but it all depends on your choice, if you feel that the BTC you currently have is profitable, maybe you can sell it and buy altcoins that have the potential to get even bigger profits.

For me I chose altcoins over Bitcoin since I started 2 years ago.

If I could do it again I would have done Bitcoin as didn't realize it would pump first and leave altcoins lagging behind.

But I expect altcoins to perform a lot better than Bitcoin for the rest of this bull run over the next 12 months so I'm still feeling hopeful I will do well overall.

My plan is to cash out my altcoin profits in 2025 and then buy Bitcoin in the next bear market in 2026/27.

When OP asked this question, I think he'd be both in profit whether he'd kept his money in Bitcoin or chose some altcoins that he'd think that will make him money as well. But to say that Bitcoin will never make a 5x in the next years and cycles to come is a sign that you're no longer optimistc about Bitcoin. While I, I like the slow movement but sure gain that I am getting with BTC.

No argument though but you do you. You invest into the projects that you like and if you want to sell your BTC for altcoins. Good luck, there's no one that will take care of yourself and money but only you so, if you think that you're doing the right thing then make sure that you invest into the right ones. And not with those projects that have been built through hype because of them are.

          -       Well, I can believe what you are saying about the fact that the price of bitcoin can only reach 5x or less this bull run that we are facing. Let's just assume that the price of Bitcoin started to ATH at 50k$, so if the price of Bitcoin goes 5x this bull season, its price can end at 250k$ before entering the bear market again, right?

But that's still tentative for sure, because the 150k$ each for bitcoin is a bit like torture, and it's still highly unpredictable to happen. So, for me, it is better that you just transfer it to the top altcoins that also have a high market cap and have been here for a long time in the field of the crypto space. because if you keep that in bitcoin and assuming it goes 5x, your money will only be around 10,500$, although that is a large amount, but in altcoins, you may earn more than 10x more if you hit the jackpot of your choice.

In my opinion it is impossible for Bitcoin to reach 5x in the near future because everything requires a long process. However, in the long term, I am very confident that Bitcoin will be able to reach 5x its current price. and in my opinion the steps you have taken are very appropriate to sell bitcoin that you currently have to buy altcoins that have the potential to increase in the near future.

If I were you, I would wait for bitcoin to get it's peak judging by the BTC rainbow chart, sell a bit of it, and invest that money in the alt of your choice. Of course, beforehand, doing a bit of research when and in what exactly to invest so that your portfolio would be better with than without that baggage. The key principle would by to DYOR.

Well! no one can speculate on the BTC price precisely, and BTC can reach 5x in a few years. For the short term, I agree with your point of view. Selling BTC and investing in altcoins is a good idea when you have a limited amount for investment. Do your research before making any decision because a majority of the altcoins are not good for investment, as I have seen many good projects go down the drain after some time. Invest in alts, make a profit and buy back BTC.

I don't think there's anything wrong with selling bitcoin and buying altcoins, as long as you sell it above the capital you have spent beforehand, but I suggest buying altcoins that have great potential, so that you get a decent return in the future, because our goal in buying crypto is to get as much profit as possible,

A good way to sell bitcoins is to convert them into altcoins so you can add to your portfolio, every decision you take may be satisfied with the desired results, I still doubt whether every exchange from bitcoin to altcoins will make someone change their life? Of course not friends. If you buy the wrong altcoin then losses await.

Don’t say there is none to invest in, say you haven’t found any yet. I don’t have any altcoin in mind while saying this but it’s just true that you haven’t found. Because there are numerous altcoins and some of them are the good eggs, the only difficulty in picking them is the probability of picking a bad egg that looks good. Meanwhile, why do you say ETH is bad for investment? Can you explain better?

I personally thinks that whether selling BTC for altcoins is a good idea depends on your goals and risk tolerance. Bitcoin is like the original cryptocurrency—more stable and widely accepted. But if you're looking for bigger gains, altcoins might be better. They can go up a lot, but they can also crash hard.

As an example, think of Bitcoin as a big, reliable company like Apple. Altcoins are more like new startups—like garage college softwre, they could make you rich or lose you money.

If you’re willing to take a risks and want to possibly make more money, trading some BTC for altcoins could work. Just make sure to do your research and don’t invest everything in one place. Spread out your investments and watch the market.

So, if you’re up for some excitemen and can handle the ups and downs, go for it! Just be careful and remember that bigger rewards come with bigger risks.

You are absolutely right but I think to an extent it is worth it, lets assume one invested in Bitcoin and then that particular season  Bitcoin has been in a chubby state and then one sees an alt with strong team and great potential and you know that if you invest in that alt you are going to benefit heavily from it within a short interval of time considering the fact that your investment in Bitcoin is in a constant state, what will you you do. For me, I will invest in that alt and then after taking my profit I will go back and invest in Bitcoin after all investment in Bitcoin doesn't finish unless Bitcoin is not existing anymore and we don't pray for that however, I am not saying that investing in Bitcoin is not good.

It's not a good idea to exchange my good bitcoin for any altcoins especially if its a huge amount, most folks like yo gamble around with their holdings but I don't, bitcoin is always going to be a far better coin than any other aktcoin out there, I'm not saying I can't buy an altcoin but I can't exchange my bitcoin for any altcoin.

Foe now I don't even know any altcoin to invest because there is none to invest. So if anyone has bitcoin should just keep it and don't sell your bitcoins for any memecoins and shitcoins and altcoins. Unless unless they are ready. Though not all the altcoins are bad but the bad ones are spoiling the goods ones too. Ethereum is one of the coin that is not good to invest  but the ones that not too much making noise might good to invest but be careful.

Most altcoins are like what you said, I agree that altcoins are only temporary, but seeing the movement that is increasing day by day will affect our minds, especially if the coin is accompanied by a well-known company. Most people will be tempted to see a situation where it might benefit us if we jump in and take advantage of the current situation and conditions with extracts carefully because altcoins are like you said.

We should not go wrong with altcoins because after all this is not for the long term I am not sure altcoins will be profitable even though it could go up more than 10x.
But you have to know which altcoins are more potential especially in the bullish season now there are still many increases that will occur but again I'm not sure altcoins are for the long term.

That is why don't take altcoins as the sole investment tokens sir coin in the cryptocurrency market but it should be an alternative means of investment and let bitcoin should be the main investment for you in the cryptocurrency market. And don't invest in any altcoins more than bitcoin. Some people are saying that Ethereum, Solana and BNB, dogecoin are the top altcoins to invest. Most of those people that are saying that are not even investors. And if really they invest in those coins, they would have known the best coins to invest. And the only thing that I will say about those coins is they are legit to some extent but for profit making, I don't think they belong.

I have invested in one then yet I have not seen any good result from it. So I am planning to sell it off. And another thing I will say is that, knowing the time to invest. If you invest it when the network is good and the transaction fee is less then you might have profit when it rise. The opposite is my case.