Selling BTC for Alt Coins? - page 5.

strunberg

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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 want to do short term trading and follow the trending narrative, I think you can convert 50% of your Bitcoin to altcoins. You can choose several altcoins with narratives that are currently trending, such as AI and Defin. They can give you profits of up to hundreds of percent. But don't put your money in many portfolios. You can put it in 2 to 5 altcoins. And if the price has risen high, you can take profit and buy Bitcoin again. Altcoins can give you huge profits but the best investment is still Bitcoin.

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In fact, it's legal if someone wants to double their money by selling the BTC they own to buy Altcoins, but at least looking for Altcoins that have value or being able to make the decision to buy Meme Coin has at least thought carefully about investing or selling the BTC they own. If only, because the value of the BTC that you have is not that small, 2.1k BTC is not a small amount, half of that alone can buy thousands of Altcoins without having to sell all the BTC that you have, because that could be a risk in itself because no one knows what a person's needs will be in the future. day.

AVE5

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You can. Sell some and alternate your crypto investment with AltCoins.
Some AltCoins currently have potential growths to provide more incomes that bitcoin.
You've got a wise view but I can tell you not to sell off total because AltCoind can be funny and also, be careful of AltCoins you invests on especially the MemeCoins.

arjunmujay

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for me, selling bitcoin for altcoins is not very good. because bitcoin has a better future outlook than altcoins.
Even though the price of Bitcoin can fall a lot, there will come a time when it reaches a new ATH.

In contrast to the altcoins that are already known, many of them are dead and worthless. If you make the wrong choice, it certainly won't increase your money, it will actually result in a loss of assets.

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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.

This decision will definitely varies from individual, Bitcoin is best harvested after a long term of holding, selling btc to buy altcoins means you are not a holder, Bitcoin has future potential than altcoins and is not a quick get rich scheme but it pays well benefits after a long term of having a compounded of your invested value, for me I won't sell Bitcoin for altcoins I will rather invest in something that is not related to Bitcoin.

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Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 01:39:25 PM

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.

It most likely will 5x in the future, I was just saying not soon.

Ah ok - so you are a "when Lambo" person! you want quick profit by gambling with something
which has a proven and secure network, has the biggest backing by the community and has
traditional investment companies scrambling to get as much of it as they can - and you look for a choice
of 2 or 3 in a couple of hundred projects made by someone with the sole purpose of
relieving as many gullible people of their Bitcoin as possible.

They thake your most valuable asset ^Bitcoin and give you some shiny
little trinket in your hopes that the altcoin lottery will pick it to be the next pump-n-dump
winner.

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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.

Quote

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.

Reatim

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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.

husencoe

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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.

cryptoaddictchie

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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.

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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.

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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.

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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.

Topic: Selling BTC for Alt Coins? - page 5. (Read 941 times)