Selling BTC for Alt Coins? - page 11.

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Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 01:14:38 PM

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea?

Don't be hasty to sell now. Bitcoin hasn't even gone through its halving for this circle. We're still a month away from that. Waiting till then should be a priority for you. Imagine Bitcoin doing 2x from here (highly possible) and your $2.1k turns $4.2 before the end of this year. It's a sure investment without much stress. If I were you, I would sit on my hands and wait for post halving events to come up.

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I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell.

You're right that it can't do 5x from here as that would be putting Bitcoin price at over $350k this circle. I don't see that happening, though I know nothing should be ruled out in this industry. With alts, you can get over 1000% on your investment. That's true but it's more risky investing in them than in Bitcoin.

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Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 01:14:38 PM

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.

We don't know what Bitcoin's potential will be in the future. When the price of bitcoin reached $1k, no one expected that the price would be many times higher than it is today. However, if you assume that, then looking for altcoins with 5x potential will only be in popular coins that have low prices. Maybe coins that are under $1k like BNB, SOL, ADA, and others. If you want to take risks, then a new project could be your choice. Usually initial investors are offered quite a lot of bonuses. Well, maybe this is risky. However, since you are targeting high profits, the risks will also increase.

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Being greedy mostly bringing us to more losses mate am not telling that you are greedy but what I'm saying is when you wanted to have that x5 profit when you are already in Bitcoin that is what you can call greedy.
Please refrain from this attitude or else you will never meet your expectation.

but if you already have a holding in bitcoin then try to invest in Ethereum , Solana and also Dogecoin for better result in the future.

albon

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Nothing can be predicted clearly and with certainty in this market, and there is no guarantee that the two altcoin projects you will invest in will give you 5X in the near future. Perhaps new projects that have not been pumped before and meme-coins may give up to 100X or more, but can you take the risk and be patient after all your capital has disappeared? I prefer Bitcoin profits, even if they are in the far future, along with increasing my holdings in it. Bitcoin won't make me take risks I can't bear, and I add Ethereum alongside it. As for alternative currencies, there are solid and attractive projects for investors. You can do your research and not decide based on someone's opinion or prediction. This is your funds; you can make your own decisions and invest in what you deem profitable.

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Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 01:14:38 PM

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.

Sometimes our calculations will be different from the actual situation, so in my opinion, just hold on, don't be embarrassed if you see another one going up because it will be the corona virus which will change your mental health if you sell it, let alone choose the wrong one later. because BTC prices will continue to rise as long as market sentiment is positive and there is no more fud.

But it depends on your own decision, personally I will continue to buy BTC coins until it reaches a price above 100K.

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I think Bitcoin can always be the investment and has the most absolute value. Investing in bitcoin remains the main choice because it has better potential than other coins. If I were you, I would keep my $2.1k in Bitcoin, and choose to use other money to invest in the highest ALT. Even though you can get a larger percentage, you have to really understand how to doing an analysis to find out the most potential Altcoin. The wrong choice of Alt can cause you to lose your money. And you also have to keep your eyes on the curve for watching the price movement. And it doesn't get any better than enjoying your days by sticking to Bitcoin.

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Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 01:14:38 PM

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.

If you profited on bitcoin then its fine if you are confident with an altcoin to buy with the money you earned. Not gonna lie but putting on altcoins that are worth it could gain you potential x10 and more if alt season kicks in. Some got lucky when the one they invested earned a lot of gains from achieving buy low sell high on altcoins.

peter0425

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Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 01:14:38 PM

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.

When you are looking with that kind of high returns then you must be willing to risk also x5? because you are correct that bitcoin may not reach that x5(well its possible of course) but in bitcoin you will never risk a chance because the safest and protected currency is bitcoin.
so if you want to find that high then expect also losing high?
or else best to maintain half of it in bitcoin and the other half will be risked in altcoins.

Bd officer

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Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 01:14:38 PM

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.

Investing in altcoins offers high profits quickly, but also high risks. You can lose your funds by investing in altcoins. Do you want to earn profits quickly? Investing in Bitcoin does not yield quick profits. For this you need to be patient, hold the investment for a long time. You want to invest in altcoins which are risky, we all know that the most trusted currency to invest in is Bitcoin. If you invest in altcoins it will be high risk. Don't sell bitcoin if you want to be risk free. If you hold Bitcoin for a long time you can definitely earn a lot of profit.

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Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 01:14:38 PM

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.

The decision is yours whether to sell your bitcoin to invest it in altcoins. You might feel greed because you want a bigger profit. But also consider the risk it carries. Do you want higher risk and more reward but if you make a mistake, you might lose more? Or do you want to stick with bitcoin, lower risk and lower profit?

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Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 01:14:38 PM

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.

That's small amounts of money in bitcoin. How much you expect to get profit from your bitcoin? I must say that if it's stupid decision to invest your small amounts of money in bitcoin. How long can you wait for your investment to go up? it will give you only small profit and then move your money to the altcion.
If i was you and will obviously moved to the altcoins caused the chance for your to at very least doubled your money is pretty big enough compared to invest in bitcoin. Think about that. Altcoin is still prominent investment that may go up soon.
There is a lot of chances for you to doubled or even tribled your money. I have my assets got 4x ROI from investing in altcoin. It must motivate your to invest in altcoin rather than stuck with bitcoin. If you are willing to make a lot of money then you shall stick to the altcoin instead of investing in btc.
That will help you to growth your money easily rather than keep stay with bitcoin. Your asset will only get small profit if you keep your money in bitcoin. Think smart.

livingfree

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Quote from: Stalker22 on March 10, 2024, 03:10:44 PM

I get that some folks think Bitcoin's glory days of insane growth are behind it. And hey, no one really knows what will happen down the road. But me? I try to play the long game. If you are hoping to strike it rich, maybe slow and steady BTC gains beat a riskier altcoin lottery ticket. Then again, trusting your gut aint wrong either and just dont kick yourself later if you bail too soon and Bitcoin pulls a moonshot. Ive been there and it sucks. So weigh it out trust your instincts, and decide what risk level suits you.

I agree.

I'd also go with the longer road but more stable than of getting with altcoin lottery picks because you just don't know the wave of it. You could be lucky with your pick but you might also be unlucky and take those losses.

At the end of the day, it is on how OP is taking risk and what he can appetite with how he's thinking right now. You're free to sell your BTC for altcoins because I even will sell BTC but for fiat if I have to but not this time.

Quote from: Hallroom on March 10, 2024, 06:04:45 PM

But when investing in Altcoins, the chances of losing money are high.

I don't want to generalize but you will have high chance of losing your money when you are just doing random altcoin picking.

Dimitri94

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Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 01:14:38 PM

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.

The importance of Bitcoin as a reliable investment medium is immense. But if the amount of investment is small then altcoins are not worse than Bitcoin. An investor can own a lot of wealth by investing a small amount of money. But there is no way to tell for certainly. If luck is good then surely some altcoins can give good returns. I wouldn't suggest selling bitcoins but would suggest buying some altcoins if possible.

Zaguru12

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Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 01:14:38 PM

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.

One thing you need to know is coming into Altcoins is never an investment but rather it is a gamble and in gambling you are going in with the amount you can afford to lose. Yes bitcoin doing a 5x will not be realistic now but has more certainty of doing it a long run. Those Altcoins you suggest are going to do 5x also have the same potential to rug pull and go dust. None of the Altcoins have certainty and the risk of losing is high. Just leave your funds in bitcoin if they are dare to you as a 2x is better than a promised 5x but if the money is something you can afford to lose then you buy those Altcoins.

Hallroom

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Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 01:14:38 PM

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.

I simply want to say that someone who has 2K BTC will never want to invest in Altcoins. As far as I know the only trusted coin comes with Bitcoin because there are so many people investing and keeping their wealth for a long time. But when investing in Altcoins, the chances of losing money are high.

bitzizzix

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It's your investment as well as your money, so it's up to you. People only give opinions or input but you are the one who will make the decision.
Bitcoin can't guarantee you 5x profits in the near future, and if you think a project or altcoin can make 5x profits, it's not as easy as you think. And what you will face is the risk of loss if you choose the wrong altcoin or project without doing your own research and analysis, it's better to try to study everything well so you can make wise decisions. Because in my opinion Bitcoin is the safest and most comfortable, and if you want 5x profits from Bitcoin you can definitely do it, but it takes time and patience to achieve it.

SUPERSAIAN

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It will never be possible for you to predict where the price of BTC may go. If we go back 10 years, it would have been impossible to do a few x's back then. The point reached today is breaking new records. When you say you will make profit from altcoins, you can also make money from the bitcoins you have. I think basically owning bitcoins will be your security.

Do not ignore this in order to earn more money from altcoins. On the other hand, you can experiment with a certain amount of altcoins. There are good opportunities in altcoins, even if they involve big risks.

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Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 01:14:38 PM

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.

Op how do you know that Bitcoin cannot do 5x in the near future. In cryptocurrency we can make predictions but that doesn't mean our prediction will come to pass, in fact I'll say you are wrong with your analysis that Bitcoin won't be doing 5x in the near future, anything can happen at any time, and besides the concept of demand and and supply keeps insisting that the price of Bitcoin will continue to o increase because of scarcity though it might take some time but I believe Bitcoin can do 5x in some couple of years to come.

If you are talking about a short period of time, then you should know better that Bitcoin is not a short term project that just pumps up from no where and return back in no time. Good and genuine things last for long, and that why Bitcoin is the best cryptocurrency, for you to have enough profit from it, you have to pay the price of patience, and if you do so, you might end up securing your retirement fund through investing and accumulating Bitcoin using the DCA or you can even pass some of it to your next generation, and by that time, the price of Bitcoin would be higher than you expect now.

Stalker22

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I get that some folks think Bitcoin's glory days of insane growth are behind it. And hey, no one really knows what will happen down the road. But me? I try to play the long game. If you are hoping to strike it rich, maybe slow and steady BTC gains beat a riskier altcoin lottery ticket. Then again, trusting your gut aint wrong either and just dont kick yourself later if you bail too soon and Bitcoin pulls a moonshot. Ive been there and it sucks. So weigh it out trust your instincts, and decide what risk level suits you.

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Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 01:14:38 PM

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell.

If you're talking about 5x in the near future, we don't know and only time can tell. But if you think that you are better if you're going to sell that for some altcoins then do so. You can do whatever you want with your bitcoin but with all such, I am recommending to hold still and just use another budget for buying altcoins if you have.

Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 01:14:38 PM

The market cap of btc would have to reach a very high amount for it to be life-changing money to me.

And that's why I am holding mine and won't be selling soon.

Topic: Selling BTC for Alt Coins? - page 11. (Read 1966 times)