Topic: Selling BTC for Alt Coins? - page 3. (Read 1966 times)
Its your choice mate. It depends on how you wanna take profit and how long you want to hold your investment. If you are planning for long term then Bitcoin is enough. Cause it just pumped 4x or more within a year! Besides if you are looking for short term profit then you don't have any option without buying altcoins cause only altcoins will give you more profit within short time. So choose your coins according to your wants. But holding top altcoins along with Bitcoin is wise decision
what do you mean by rn? i just heard bitcoin rn, is it the same? if you talk about bitcoin and you have it since 2020 or when the price is deep, of course you have had a good time if your target is money, if the goal is to invest whatever capital you have, you will always feel that your capital is limited, a lot of news about the wealth of some civilians on social media makes altcoins more potential and higher.
But bitcoin's hystory is recognised by great people and if you have in the early days of bitcoin I think it's more than X10, in my opinion saving more bitcoin is very appropriate, because its liquidity is well maintained and there is no 1 entity that controls it.
Altcoins often occur storms when the most holders leave too quickly with no overlap if no one buys back to replace them. although bitcoin has the same opportunity to dump but so far bitcoin has a different and timeless mechanism.
If you take this step seriously and hurry up, leave the coins with good fundamentals for the long term even if it is only a few % of the entire portfolio.
But bitcoin's hystory is recognised by great people and if you have in the early days of bitcoin I think it's more than X10, in my opinion saving more bitcoin is very appropriate, because its liquidity is well maintained and there is no 1 entity that controls it.
Altcoins often occur storms when the most holders leave too quickly with no overlap if no one buys back to replace them. although bitcoin has the same opportunity to dump but so far bitcoin has a different and timeless mechanism.
If you take this step seriously and hurry up, leave the coins with good fundamentals for the long term even if it is only a few % of the entire portfolio.
I think that is the right decision for you to make. because I also have the same thoughts as you that bitcoin will not increase in the near future. so we have to take advantage of the current altcoin market conditions to be able to increase the assets we own through altcoins.and don't forget to do research before buying altcoins.
Only if OP is ready to risk losing all his money I think it's a good decision if OP wants some money that could change his life. This is the bearish season so I think we can accumulate some potential altcoins. If you want to gamble then we can invest in shitcoins, aka meme coins. But I don't recommend it. It is better to invest in some altcoins that you believe will gain a large market in the future. However, you must still monitor your coins because none of the altcoins are as safe as Bitcoin in storing the value of your money.
But if selling all your bitcoins is stupid, it's better to keep it in a stable coin than in other altcoins that we don't clearly understand the project, let alone on memecoin, it's far from a healthy investment, you are too excessive in assessing a shitcoin and not a good option.
For a healthy investment, in my opinion, it is better for OP 1/2 of the bitcoin ownership to be sold and the rest he diversified in several altcoins that have a good vision, the technology is needed by the market, has solid developers, a wide community and the most important thing is the project planning that was previously planned they run it well to this day.
I also sold my BTC when it hit $73k then I split it to invest in altcoins and kept 1/2 in stablecoins to buy bitcoin back when there was a decline, that strategy is much better than us gambling on alatcoin or even worse is shitcoin.
I think that is the right decision for you to make. because I also have the same thoughts as you that bitcoin will not increase in the near future. so we have to take advantage of the current altcoin market conditions to be able to increase the assets we own through altcoins.and don't forget to do research before buying altcoins.
Only if OP is ready to risk losing all his money I think it's a good decision if OP wants some money that could change his life. This is the bearish season so I think we can accumulate some potential altcoins. If you want to gamble then we can invest in shitcoins, aka meme coins. But I don't recommend it. It is better to invest in some altcoins that you believe will gain a large market in the future. However, you must still monitor your coins because none of the altcoins are as safe as Bitcoin in storing the value of your money.
I don't think selling BTC to buy altcoins is a good idea if you an into profit-making. Since there are a lot of altcoins that have huge potential to increase it's value in the future securing the assets value is a must to avoid losing the value before you buy it.
I think that is the right decision for you to make. because I also have the same thoughts as you that bitcoin will not increase in the near future. so we have to take advantage of the current altcoin market conditions to be able to increase the assets we own through altcoins.and don't forget to do research before buying altcoins.
Only if OP is ready to risk losing all his money I think it's a good decision if OP wants some money that could change his life. This is the bearish season so I think we can accumulate some potential altcoins. If you want to gamble then we can invest in shitcoins, aka meme coins. But I don't recommend it. It is better to invest in some altcoins that you believe will gain a large market in the future. However, you must still monitor your coins because none of the altcoins are as safe as Bitcoin in storing the value of your money.
I think that is the right decision for you to make. because I also have the same thoughts as you that bitcoin will not increase in the near future. so we have to take advantage of the current altcoin market conditions to be able to increase the assets we own through altcoins.and don't forget to do research before buying altcoins.
All decisions are in the hands of each individual, but it would be a shame if we were too hasty in selling BTC only to chase altcoins that have less potential, it would be really regrettable, except for coins that have really provided a definite return after we sell them for the duration that we have prepared beforehand.
But, I doubt whether I will find the price when I first buy it. If the market continues to be corrected, it is possible that if it happens to advance, the value will most definitely be a series and most definitely will decrease from the number obtained when you first bought it.
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 think that is the right decision for you to make. because I also have the same thoughts as you that bitcoin will not increase in the near future. so we have to take advantage of the current altcoin market conditions to be able to increase the assets we own through altcoins.and don't forget to do research before buying altcoins.
I don’t see Bitcoin giving us any more surprises for this year. While it is possible, if it happened, the margin wouldn’t be far from where we’re at now.
Well, who knows. Bitcoin often surprises us. Isn't the recent ATH that happened before the halving an example of that same surprise? But OP is certainly right that we probably won’t see x5 in such a short period of time and therefore, to maximize profits (and in direct proportion to risks) we will have to resort to the help of altcoins.If he really wants to make better profit at this point, all he has to do is to find the best altcoins and invest the money in them. And don’t try to be in a hurry so you invest into uncertain altcoins without thinking.
With altcoins, whether you think about it or not, it’s impossible to predict the result. This is comparable to gambling, where the outcome of winning (profitable investment) depends on luck. Well, how else can you imagine this, when almost every day altcoins are born and die, and try to be able to successfully invest in the one that will bring the notorious x5 profitability. Growth is constant and promising for determined investors. We exercise patience because that's one of the extreme measures to accumulate huge earnings in the volatility market. Nobody can easily predicts the movement and seasonal changes of the market but we can actually do the necessities. Bitcoin and altcoins are the promising investments and we should always cite for our benefits which is the ultimate targets. Engaged in projects that works for you and not underestimate the available ones.
Of course and many still can't predict correctly until now when BTC will Bull Run with full force.
Of course, in the market there is a lot of hidden potential that has not yet risen to its maximum, according to my observations, for example AXS, Sand, which is the main game-based token, and APE, have not yet gained ground some time ago, only a few will be able to catch up when the BTC ETF is about to be legalized.
If you think altcoins could give you more profit than holding your Bitcoin then do it, if you have the skills and knowledge on trading then use it to get more profit.
For me when I think or feel that a coin that I have already reach the max price that it could right now then I would trade it into another coin that I think have a more potential to grow.
Growth is constant and promising for determined investors. We exercise patience because that's one of the extreme measures to accumulate huge earnings in the volatility market. Nobody can easily predicts the movement and seasonal changes of the market but we can actually do the necessities. Bitcoin and altcoins are the promising investments and we should always cite for our benefits which is the ultimate targets. Engaged in projects that works for you and not underestimate the available ones. For me when I think or feel that a coin that I have already reach the max price that it could right now then I would trade it into another coin that I think have a more potential to grow.
If you think altcoins could give you more profit than holding your Bitcoin then do it, if you have the skills and knowledge on trading then use it to get more profit.
For me when I think or feel that a coin that I have already reach the max price that it could right now then I would trade it into another coin that I think have a more potential to grow.
Ok I agree that alt coins provide more profit so what if you withdraw your bitcoins and invest in altcoins depending on the speculation. Are You Ready to Invest in altcoins in Bitcoin's Current Bull Market? However, trading will only make you rich in a short period of time, if your trading knowledge is lacking then you are going to be a fakir very soon. One such benefit is that you have made a lot of profit from Bitcoin and can take some of your dividends and invest in alt coins from which you can generate multiple streams of income in the future. For me when I think or feel that a coin that I have already reach the max price that it could right now then I would trade it into another coin that I think have a more potential to grow.
I think everyone should have altcoins besides holding Bitcoin. Cause Bitcoin is safe investment and holding it in wallet is good decision but best decision is, go with both dor maximum profit. Altcoins giving you lots of options. Potential altcoins, memeocins, shitcoin, new launched altcoin and many more. Altcoins offer you to to take less risk as well as high risk.you just need to invest as you want. If you are choosing memecoin, that'll be your decision. If you choice potential altcoins like eth bnb matic sol etc then that'll be also your decision. And your decision will be responsible for changing your luck.
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 choice is yours because after all this depends on confidence when indeed you are not sure about your investment in bitcoin then you need to look for what you think is better.But if indeed the choice is faced with me then I will remain in the bitcoin that I have. Not that I am anti altcoin but in this case I just want to make myself comfortable with my choice because in the end why do we bother being at a higher risk if bitcoin offers a much lower risk.
The benefits of being in altcoins may be many times that of bitcoin but when talking about comfort and risk then bitcoin is much better than altcoin and I choose a safer risk than the worry of being in altcoins whose risk is much higher when compared to bitcoin.
That is my choice but we all know that this is a free area where you can do anything with your money so decide what you think is best for yourself.
I don't think it is necessary to sell btc and buy altcoin coins because bitcoin has increased a lot, I don't know if anyone expected bitcoin price to reach AHT this year but I didn't think bitcoin price will increase that much. Has the main bitcoin bull run started or is it ending that I need to sell bitcoin now. Most of the people who invested in Bitcoin in the past are now in an advantageous position to see Bitcoin profits. Just how many people will do this by selling bitcoins to invest in altcoins. Granted that Ethereum, Solana, BNB coins are doing well and hopefully will do well in the future, that doesn't mean I should sell my bitcoins and invest in the coins, I am not going to be risky. I'm just looking for a new income stream with which I can invest in altcoins.
I don’t see Bitcoin giving us any more surprises for this year. While it is possible, if it happened, the margin wouldn’t be far from where we’re at now. If he really wants to make better profit at this point, all he has to do is to find the best altcoins and invest the money in them. And don’t try to be in a hurry so you invest into uncertain altcoins without thinking.
If you think altcoins could give you more profit than holding your Bitcoin then do it, if you have the skills and knowledge on trading then use it to get more profit.
For me when I think or feel that a coin that I have already reach the max price that it could right now then I would trade it into another coin that I think have a more potential to grow.
For me when I think or feel that a coin that I have already reach the max price that it could right now then I would trade it into another coin that I think have a more potential to grow.
I don't think it is necessary to sell btc and buy altcoin coins because bitcoin has increased a lot, I don't know if anyone expected bitcoin price to reach AHT this year but I didn't think bitcoin price will increase that much. Has the main bitcoin bull run started or is it ending that I need to sell bitcoin now. Most of the people who invested in Bitcoin in the past are now in an advantageous position to see Bitcoin profits. Just how many people will do this by selling bitcoins to invest in altcoins. Granted that Ethereum, Solana, BNB coins are doing well and hopefully will do well in the future, that doesn't mean I should sell my bitcoins and invest in the coins, I am not going to be risky. I'm just looking for a new income stream with which I can invest in altcoins.
You mentioned the line "btc won't give you 5x return" that verily true from its current position although it already got 4x within a year. Well to generate max profit from your money, it is important to diversification. People always advise to holding Bitcoin but I don't see anything wrong if you sold some portion of Bitcoin and by potential altcoins from top. Cause these can give you 5-10x depends on their potentiality. So yeah,that could be your life changing step but don't buy shitcoins
For this you need to research the market well. Not all altcoins are the same and never sell bitcoins for altcoins. Altcoins are more likely to turn out to be shit coins and will never pay as good a profit as bitcoin. Selling altcoins can get less profit but Bitcoin always gives more profit.
You mentioned the line "btc won't give you 5x return" that verily true from its current position although it already got 4x within a year. Well to generate max profit from your money, it is important to diversification. People always advise to holding Bitcoin but I don't see anything wrong if you sold some portion of Bitcoin and by potential altcoins from top. Cause these can give you 5-10x depends on their potentiality. So yeah,that could be your life changing step but don't buy shitcoins
For this you need to research the market well. Not all altcoins are the same and never sell bitcoins for altcoins. Altcoins are more likely to turn out to be shit coins and will never pay as good a profit as bitcoin. Selling altcoins can get less profit but Bitcoin always gives more profit.To be realistic? Bitcoin will definitely not do 5x in the near future. It will be long for us to see that because 5x means just about $350,000. If you’re looking to invest and get 5x, you should look at Altcoins. They are usually Altcoins that give even more than that, you just have to know which one. Most times it’s best to invest in multiple so you have profits from every possible angle.
Well, if you want to take a bigger risk then altcoins are the choice. In fact, people will choose meme coins to get more than 5x profits. It's just that, if you want an investment that has less risk than other altcoins, then Bitcoin is the choice. I understand that we are looking for big profits, and I myself also invest in altcoins. However, if we can have an investment of more than 0.5 bitcoin, I think there is no harm in holding it and creating a new portfolio with new capital. So, I might prefer to raise new capital to buy altcoins that I feel have great potential.Talking of other altcoins that has lesser risk, I’m referring to the top altcoins. For example Ethereum, Solana, Binance smart chain coin, etc. Also, the only way you can say that you’d prefer to invest in other altcoins using some other money must be that you have extra money (which I don’t think is the same case as OP) because he said $2.1k is what he has.
To be realistic? Bitcoin will definitely not do 5x in the near future. It will be long for us to see that because 5x means just about $350,000. If you’re looking to invest and get 5x, you should look at Altcoins. They are usually Altcoins that give even more than that, you just have to know which one. Most times it’s best to invest in multiple so you have profits from every possible angle.
Yes, right. BTC's movement is slow but sure and comfortable. If it's a meme, it's like a roller coaster is created once the pump is high enough and with a short duration. Likewise, when it reverses/dumps the price after the pump is also the same.
But strangely, many people enjoy it and even enter the same coin repeatedly, however. what you said above is also very relevant and you have to be careful in choosing them.
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