Selling BTC for Alt Coins? - page 2.

OrangeII

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Quote from: Rasa nanas on March 22, 2024, 02:44:28 AM

The question is, what altcoin do you want to invest in? Which altcoin do you think can give you a 5x profit?
looking at the current market situation it seems difficult to make a profit on altcoins because currently the price of bitcoin is being corrected and this is also followed by most altcoins.

I think, when the OP is looking for potential with a price increase of up to 5x, maybe he feels that altcoins are the coin that suits that. With the price of bitcoin so high, it might be very difficult to wait until the value of the asset could be $10k or more, considering he only has $2k. So, I think the OP is looking for a cheap coin with the potential for a higher price increase.
However, I also agree that bitcoin is the best, and it is better to create a new portfolio. However, if the OP's decision cannot be changed, then the answer to the question lies in popular altcoins that have low prices. Although this is also very risky. I would probably choose coins like ETH, BNB, Matic, and others. however, if the OP wants to make quick profits, he can try investing in new coins or new projects. However, the risks he had to face became increasingly higher.

Epaper

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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.

xandriel

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The thing is, when in a downtrend, I don't see others having high odds to double like Bitcoin. And now, in an uptrend, I see many tokens having high odds to halve compared to Bitcoin. Maybe altcoins have a chance to multiply by 5 as you said, but they also have a high chance to divide by 5. And how will you know which altcoin will increase or not? So, I think don't go all in on altcoins. Just allocate around 1/4 to 2/4 of your portfolio.

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Quote from: Geurangsang on March 27, 2024, 01:21:51 AM

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.

Bitcoin is the best place to invest. If you have made up your mind, it is better not to sell all your Bitcoins. You can sell max 50% of your assets for top Altcoins such as ETH, BNB and Solana. You can also search for other best Alts on Coinmarkercap or Coingecko. Something you should know is that investing in Altcoins have more risky then on Bitcoin. You have to be a good analyst to find profitable coins. The crypto market is very volatile and you should do your own analysis so that you are confident in your investment. Otherwise, sticking to Bitcoin is the best choice.

Well I think that's not the right decision to make, although you must have a reason for doing that. but I will advice you hold on to it you can't predict the future, who knows if bitcoin will do 5× in the nearest future, reason been that bitcoin still have the potential to increase in the value. however bitcoin is the father of all cryptocurrency so I think selling it to invest in most of this altcoin is not ideal,I will advice you hold on to it for Long term and see what the future will bring.

devil-soul

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It seems that you have already decided and you just want confirmation/reassurance, of course bitcoin will no longer make big gains over time but it will still continue to grow, i would do exactly the opposite that is, i would sell all the altcoins with a doubtful future and invest in bitcoin but as council (none financial advise) just keep half the sum in bitcoin and half invest in altcoins

Geurangsang

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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.

Bitcoin is the best place to invest. If you have made up your mind, it is better not to sell all your Bitcoins. You can sell max 50% of your assets for top Altcoins such as ETH, BNB and Solana. You can also search for other best Alts on Coinmarkercap or Coingecko. Something you should know is that investing in Altcoins have more risky then on Bitcoin. You have to be a good analyst to find profitable coins. The crypto market is very volatile and you should do your own analysis so that you are confident in your investment. Otherwise, sticking to Bitcoin is the best choice.

mich

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No I do not think this is a good idea for you. If you right now do have $2,000 if bitcoins then just hodl those coins and you will see profits in this year.

For me I do not sell my Bitcoin for alt coins. If I have some fiat and I want to stack some eth or other alts this is what I do. I do not sell my Bitcoins.

SeriouslyGiveaway

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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.

With an investment amount that is not too large, I think you should take a little risk with Altcoin, because Bitcoin should only be for people with a large amount of capital. But if you accept risks with Altcoins, it means you have to spend more time in the market to research and observe the Altcoins you are investing in. It will be more difficult than holding Bitcoin, and sometimes more anxiety-provoking when the market corrects. If you can accept these things, and bet higher levels of risk to get better profits, then allocating to Altcoins at this time is quite reasonable when the cash flow into Altcoins is not yet real strong. There is still a lot of Altcoin growth space ahead.

lepbagong

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Quote from: Rasa nanas on March 22, 2024, 02:44:28 AM

The question is, what altcoin do you want to invest in? Which altcoin do you think can give you a 5x profit?
looking at the current market situation it seems difficult to make a profit on altcoins because currently the price of bitcoin is being corrected and this is also followed by most altcoins.

If, in a situation like what you also said, that there has been a correction, obviously, no one wants to speculate much about altcoins, they are also corrected because of the influence of Bitcoin.
But if you have confidence and can analyze well, of course many altcoins will be able to do it later after the halving period, not now.
Remember when bitcoin passed ATH that many meme coins increased many times over, a sign that there is always that possibility, but again not now.

AVE5

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Quote from: ajiz138 on March 10, 2024, 02:25:32 PM

Who would have thought BTC would never go 5x we never know in the future, instead you move to altcoins will minus the losses you experience if you don't properly invest in altcoins.

So $2100 in Bitcoin right?
Remember you will be safe investing in bitcoin even though the profits will not be as high as altcoins but do you have experience about altcoin research before? If you follow other people's advice while not according to your expectations then it will raise because you trust other people.

While other people will choose bitcoin as the main investment.

I think I get your point here clearly. It's better of investing of a reliable source in this crypto industries where you'd invest considering minimal risk to lost of your funds.
So here bitcoin is suggested by you @ajiz138 right? Considering the emotions and sentiments in the market cap reliability is a major consideration in the crypto investment which bitcoin is the one which such potentials. It's should be noted by Investors that making your profits on a gradual process with a guarantee that your assets are saved with you should be more preferred to investing on other cryptocurrencies that may fetch you bigger profits but with the flexibilities to attain you lost without even able to recover your capital

Basically it's not sighted that there are no reputable AltCoins to offer those reliabilities of investing without the flexibilities to lost of assets but at most, technical analytical skills are required.

Rasa nanas

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The question is, what altcoin do you want to invest in? Which altcoin do you think can give you a 5x profit?
looking at the current market situation it seems difficult to make a profit on altcoins because currently the price of bitcoin is being corrected and this is also followed by most altcoins.

snowpega

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I don't know how people see bitcoin but from my perspective taking this kind of risk is more like selling you house and hoping to get a new one when the ship arrives. I don't see any reason why anyone should sell there bitcoin for altcoins.

You're probably going to wager around with only hope that it will work but what if it doesn't work out as planned, then you will lose all that you have when bitcoin could save you all that stress. It the question will be what altcoin do you believe will be the next to perform 5x? You have an investment but you wish to sell your investment for gambling, buying for a 5x in short time is equally trading,
is a bad idea but if you're convinced to take such option, then I'm have nothing to do with you.

Be rest assured that bitcoin is not done with it's performance well so altcoins are never going to be the same level with bitcoin.

Yes exactly well said OP is taking a big risk if he/she is thinking of selling his/her bitcoin just to enter in the Space of Altcoins currency well OP investing in altcoin is a very picky part here you are not promised like which project can give/return 5x profit you can lose your amount in the altcoin projects if you choose them wrongly I mean is you invest in bad project due to insufficient knowledge about ALtcoins you are just doing gambling.

Always make Bitcoin at your first priority and then you may consider other projects with a small amount out of your portfolio because Considering big rewards and having less knowledge about the altcoin projects and market can be a wrong decision for the OP to Invest. Although Bitcoin is the king of All digital currencies but OP needs to keep in mind this thing.

snowpega

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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.

Ahh dear it is the best thing for you not to ask for any financial advice here but if you are asking always use it as a reference for your own research or observation. Well as for my part, I would say you should not sell your Bitcoin 100% at all at once because it has less risk on your Investment on the other hand altcoins have higher risk over the investors investment. You are here in the crypto space so the first thing should keep in mind is that "Risk management" it is the most important thing to consider before taking any action.

Well, I would say if you are not satisfied you should have 70% of your portfolio in Bitcoin and 20% of the portfolio in the altcoins, and the rest of the 10% keep in USDT for future opportunities like if you find any dump in the coming time use you some amount out of 10% for buying at Dip. DO DCA which is the best thing to do. This will affect on the net profit at the end of the day. It is my part of advice. Do not follow it but you can use it as a reference after your own research. Many Thanks!

Sayeds56

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Quote from: Tmoonz on March 21, 2024, 11:11:40 AM

Many people are carried away by the motives of getting rich quick irrespective of the risk involvement, any one selling btc for altcoins is a trader rather than an investor and can not be seen as a hodler because Bitcoin holds much of a long term goal, well the choice of where we put our money is solely depends on our individual risk assessment and conviction. But you should never invest more than what you can afford to lose. that is the golden rule.

Certainly, greed it is inherent aspect of human nature, frequently compelling us to seek rapid wealth through participation in investment schemes promising overnight fortune changes. Some of cheap altcoins are similar to those schemes but not all of them. It is therefore advisable to take cautious approach while investing in altcoins. Bitcoin is certainly a preferred choice for investment and holding it for long term, due to its historical record of performance, decentralization and limited supply.

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Quote from: Sayeds56 on March 21, 2024, 02:02:10 AM

Choosing to sell Bitcoin and investing in altcoin project comes with its own set of risks and potential rewards. However, generally it is not seen a prudent decision due to extreme volatile nature of altcoins market. It is advisable to conduct through research of the project before making such decision. Bitcoin is typically viewed as an investment with potential for significant rewards in the long term, whereas alts are known for their volatility and substantial risk.

This might be a bit of a chance. However, it is too risky. What's more, we don't yet know the fate of the Altcoin that we are eyeing next. In these conditions, when we decide to sell the BTC we have to then convert it to altcoins, make sure we don't regret our decision. Moreover, be smart about managing the sales proceeds so that they don't go to waste. Not only that, I personally will actually keep Bitcoin for holding rather than having to open up higher risk opportunities.

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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.

Transferring BTC to Altcoins should be avoided, don't get caught up in chasing bigger profits in the near future because it will make you greedy. Indeed, altcoins can reach 5x as much, but the risks are very big if you choose the wrong altcoin.

Moreover, if you are not good at analyzing the potential of altcoin projects, it is better for your assets to remain in bitcoin. Even if you are curious and want to invest in altcoins, look for other funds. Don't sell bitcoin because you will regret it later, because the bitcoin halving is getting closer, don't waste this moment.

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BTC should not be sold for alt coins. BTC is the most trusted coin. It is safest to invest in it. Because there is no chance of losing any capital to invest in it. If you have income, you can invest in altcoin again. But it is not right to sell BTC and invest in alt coin. And to say altcoin, you can invest in certain coins. For example, Ethereum. , BnB, Solana in these. Also, if you sell BTC and buy any other alt coin, you can lose everything and sit on the street.

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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.

Bitcoin can't do better than altcoins or memecoins in the bull market, just last two week that the market saw some bullish movement many altcoins gave investors profits of 2x or more and memecoins also gave the same profits. If you're looking for many profits in the bull market you should invest in altcoins but know that altcoins are highly volatile than Bitcoin and altcoins can make you to lose all your money and you won't be able to recover the money that you loss but Bitcoin is guaranteed.

You mightn't get 5x from Bitcoin but you won't get 0x from Bitcoin. If you invest into an altcoin and unfortunately you picked the wrong altcoins that later becomes a scam, you'll make 0x and you'll be regretting why you sold your Bitcoin to buy that altcoins therefore I'll advice you don't sell you Bitcoin but also look for a way for buying any altcoins that you will like to invest into for the bull market that's coming.

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Quote from: electronicash on March 10, 2024, 01:29:16 PM

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

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 say so. yes, you can sell your coins and find an altcoin. your choice. curious to know how you know BTC is not going 5x in the future.

since you have already decided, you should be able to also find an altcoin that may go 5x in the future. this shouldn't be a problem with your crystal ball. there are several altcoins you have in mind that's for sure. i think you can give a comparison of these altcoins as to why you wanna buy this or that.

Many people are carried away by the motives of getting rich quick irrespective of the risk involvement, any one selling btc for altcoins is a trader rather than an investor and can not be seen as a hodler because Bitcoin holds much of a long term goal, well the choice of where we put our money is solely depends on our individual risk assessment and conviction. But you should never invest more than what you can afford to lose. that is the golden rule.

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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.

Actually, we're not in the position to say "Do it" but the idea of selling Bitcoin for altcoins is not really the best option. Instead of doing this better use other money to buy altcoins rather than selling your BTC. The reason why I don't recommend this is because Bitcoin is dominating the market. We may not be earning a huge profit or like it says the price raises x1000 but because it was the safest investment among cryptocurrencies it is a big factor to think about.
Maybe selling some for ETH and of some leading altcoins that is okay but putting it into shitcoins, that is certainly a big mistake.

Topic: Selling BTC for Alt Coins? - page 2. (Read 941 times)