Selling BTC for Alt Coins? - page 5.

Essential10

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Quote from: martinex on May 14, 2024, 11:06:48 PM

Selling BTC for Alt Coins?

If that is done, I think it is possible, but not good for the health of our investment. If it's already in BTC, yes, just totalize it and if you are really interested in buying altcoins as much as possible, use other cash. When we do that treatment and lay, our investments will be sorted and there we can also assess which one we focus more on in the future whether in BTC or Altcoins.

Buying other than BTC is also not a problem and is forbidden, but many remember that we are more careful in choosing because there are quite a lot of shit coins in circulation and have been listed on various exchanges without price movements and there.

I am not advocating that BTC should be sold for alt coins. When I invested in Bitcoin the price of Bitcoin was very low now it is showing more than triple profit. If I wait longer I expect it to look more profitable in the bull run ahead. Investing in altcoin is not bad, there are some top level alt coins like ethereum, bnb which i can't ignore, investing those coin like bitcoin will give good profit in future. However, I can still choose altcoins for new investments because the prices are relatively low. If the market starts to rise in future, there will be hope to get something.

laijsica

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Quote from: martinex on May 14, 2024, 11:06:48 PM

Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 12:14:38 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.

Selling BTC for Alt Coins?

If that is done, I think it is possible, but not good for the health of our investment. If it's already in BTC, yes, just totalize it and if you are really interested in buying altcoins as much as possible, use other cash. When we do that treatment and lay, our investments will be sorted and there we can also assess which one we focus more on in the future whether in BTC or Altcoins.

Buying other than BTC is also not a problem and is forbidden, but many remember that we are more careful in choosing because there are quite a lot of shit coins in circulation and have been listed on various exchanges without price movements and there.

You are right that anyone who has decided to sell BTC for altcoins should think twice. I think he can buy altcoins after doing all the vetting which has high profit potential. But the high rating of the crypto market and the decision to sell BTC is not good. If he has some extra money, he can invest it in altcoins.

martinex

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Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 12:14:38 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.

Selling BTC for Alt Coins?

If that is done, I think it is possible, but not good for the health of our investment. If it's already in BTC, yes, just totalize it and if you are really interested in buying altcoins as much as possible, use other cash. When we do that treatment and lay, our investments will be sorted and there we can also assess which one we focus more on in the future whether in BTC or Altcoins.

Buying other than BTC is also not a problem and is forbidden, but many remember that we are more careful in choosing because there are quite a lot of shit coins in circulation and have been listed on various exchanges without price movements and there.

Kristiyana

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Quote from: Bravut on May 14, 2024, 02:53:39 PM

Selling your Bitcoin for some altcoin project isn't all that a bad idea. But the question is how far have your gone in your accumulation journey before thinking of selling off your Bitcoin, after the sell how many do you still have in holding. In as much as diversifying is good,you must invest into the right asset(altcoin) with potential of which altcoin you need be very cautious and informative and hold for short term because it would surely lag in a long run.

For me i do advice, if am diversifying I should think of physical asset rather than altcoin though everyone is entitled to there opinion and decision about there investment choice.

Selling off, when you don't have enough stash of Bitcoin or a maturity stage yet is a bad investment decision, NOTE.

Thinking of physical asset rather than altcoin investment I totally agree with you on that because I'm not a lover of altcoin and I don't even investment in altcoin neither do I sell my bitcoin for altcoin. However selling your bitcoin for altcoin is not a bad idea but how far have you gone in your accumulation journey? I think your question is a very good one because most people have not accumulated enough but due to not been patient enough to hold on to their bitcoin they decided to sell their bitcoin for altcoin so as to get quick profit.

Bravut

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Selling your Bitcoin for some altcoin project isn't all that a bad idea. But the question is how far have your gone in your accumulation journey before thinking of selling off your Bitcoin, after the sell how many do you still have in holding. In as much as diversifying is good,you must invest into the right asset(altcoin) with potential of which altcoin you need be very cautious and informative and hold for short term because it would surely lag in a long run.

For me i do advice, if am diversifying I should think of physical asset rather than altcoin though everyone is entitled to there opinion and decision about there investment choice.

Selling off, when you don't have enough stash of Bitcoin or a maturity stage yet is a bad investment decision, NOTE.

Jose Mourinho

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I think if the bitcoin you hold has given you enough returns, then selling it and replacing it with an altcoin is a very bright idea, but the altcoin you buy must have high potential so that you can make a profit in the future , I highly recommend that altcoins that are worth investing in are ethereum and binance, but if you keep bitcoin in the long term it is also a good decision, because bitcoin has great potential to be used as an investment,

redsun114

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Making money anyway you want is the thing that allows you the freedom in the crypto world. If you want to make money from bitcoin then you can do so, if you want to make sure that it is a stable and less risky way then you can do long term holding of bitcoin and make money that way, if you want risk?

You could always do 100x leverage on bitcoin futures and put a lot of money on risk as well, wouldn't be impossible to change that. However, if we are talking about something changing then we need to realize that we are not going to make all that much money, we should realize that things going to take some time and shouldn't be really considered all that bad. If you want the same, you can still do those with altcoins as well, it's all your choice.

Ricardo11

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Selling bitcoins and buying alt coins will not be a good decision. Because Bitcoin is a currency with a high potential of all time. Long term Bitcoin holding can guarantee you high returns. Although there are many alt coins in the market, which can make you a millionaire in no time, not every coin will make you a millionaire, because there are such alt coins in the market, most of which are fake. So investing in alt coins is like high risk investment or gambling. By investing in them, your chances of losing money are high. So I will never your site to sell bitcoins and buy altcoins. I would recommend you for long term bitcoin holding.

laijsica

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Quote from: SOKO-DEKE on May 12, 2024, 02:27:06 PM

Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 12:14:38 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 don't think it is a good idea to sell off your bitcoin and use the money to invest in some altcoins. I know you are aware that altcoins are not reliable at all. So the best advice I will give you is to hold your bitcoin, and with patience, you will surely make reasonable profits from it. Don't be so eager to make quick money in the crypto industry, because I believe your aim may be that you want to make quick money, which is why you are thinking of selling your bitcoin and investing in alternative coins. I am not fully condemning all alternative coins, but the truth is that 98% of them are pump and dump coins. and you may likely lose your money if you invest in them.

Some altcoins may offer high returns on short-term investments that give you peace of mind and attract more investments later on. But the capital that you continue to invest in BTC is much safer than other cryptos and can return you huge profits in the future. Long term BTC holding can guarantee double or triple returns from past price history. You can invest in relatively higher ranked altcoins but not by selling most higher ranked BTC. Immature decisions can be regretted later so the decision to hold more BTC can be mature.

SOKO-DEKE

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Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 12:14:38 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 don't think it is a good idea to sell off your bitcoin and use the money to invest in some altcoins. I know you are aware that altcoins are not reliable at all. So the best advice I will give you is to hold your bitcoin, and with patience, you will surely make reasonable profits from it. Don't be so eager to make quick money in the crypto industry, because I believe your aim may be that you want to make quick money, which is why you are thinking of selling your bitcoin and investing in alternative coins. I am not fully condemning all alternative coins, but the truth is that 98% of them are pump and dump coins. and you may likely lose your money if you invest in them.

Yatsan

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Quote from: andyou1234 on May 10, 2024, 12:56:22 PM

Wow, in my opinion it's just an option because both are equally good for investing, but if you have made a profit after selling Bitcoin and exchanging it for altcoins I think that's okay, but if you still haven't made a profit from your investment then it's best if you Don't sell it yet because the price of bitcoin will definitely rise again.

If it us progress with market price in long term then edge would be to Bitcoin regardless of higher increase rate with Altcoins. Best thing to do is to diversify your money to both Bitcoin and altcoins of your choice. Volatility is higher thn with majority of altcoins and that simply means higher risk as well. Personally, I allot another wallet for altcoin holdings to separate my investment money than to be affected by the other. Another thing to consider is which altcoin would you be investing; not all altcoins are good for long term. If it is with major altcoins then it would be worthy of consideration.

Quote from: Stable090 on May 12, 2024, 10:17:14 AM

Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 12:14:38 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?

Are you really serious that you are planning to sell your bitcoin just to invest in alt coins? I don’t know who gave you advice to do that, but seriously, anyone that asks you to do that is misleading you. I hope you know altcoins are not really reliable, anything can happen to them at any moment, and you will end up losing your money. Why don’t you just keep on holding your bitcoin and you will have peace of mind? You are desperate, looking for a coin that will give you a high reward. Don’t be surprised that you will end up losing after investing in those coins you are planning to sell your bitcoin for.

The option is not that useless at all. Altcoins are really profitable and engaging into these, would also be a good idea. I also want to oppose on selling to move into altcoins if he's chasing profit. Rate of increase with altcoins are just too convincing but will never ne as reliable as with small increase with Bitcoin's.

Stable090

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Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 12:14:38 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?

Are you really serious that you are planning to sell your bitcoin just to invest in alt coins? I don’t know who gave you advice to do that, but seriously, anyone that asks you to do that is misleading you. I hope you know altcoins are not really reliable, anything can happen to them at any moment, and you will end up losing your money. Why don’t you just keep on holding your bitcoin and you will have peace of mind? You are desperate, looking for a coin that will give you a high reward. Don’t be surprised that you will end up losing after investing in those coins you are planning to sell your bitcoin for.

Kristiyana

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Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 12:14:38 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.

In as much as investing on altcoins is good but i wouldn't advise someone to sell his Bitcoin in other to invest the money on altcoins because Bitcoin is the most trusted coin and if it happens that after selling your Bitcoin and invested it on altcoins and it happens that the coin crashed which means that all your funds are gone so instead of selling your Bitcoin you could save another money to invest for other altcoins.

Bitco55

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Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 12:14:38 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 I read the topic of this thread, the follow come in my head was... " Is quite dumb".

If for personal reasons, you think that'll be a good idea, then fine, go ahead, but if it's for financial reasons, considering where Bitcoin is now and is still going to be, I personally think that's a freaking dumb idea. Investing in 5 separate altcoins won't be able to even reach Bitcoin, so like why?

I honestly think you should continue to hold Bitcoin, make more money, and invest in altcoins, as you wish to do. But liquidating your Bitcoin holdings only to invest in altcoins isn't really a smart idea.

Bd officer

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Quote from: Fiasem20 on May 11, 2024, 09:04:25 AM

Selling BTC for altcoins sounds funny tho.BTC the best among the rest,I can't sell BTC to buy altcoins rather I would invest what I can afford to lose on altcoins and keep accumulating and holding BTC.
I can see your a short term investor, BTC is not a get quick rich scheme so if lack patient you can divert and make profit from altcoins.And where did you get the prediction that Bitcoin will not near 5× in the future, that's the most terrible prediction I've ever heard on the forum.

In fact, investing in bitcoins does not yield high profits quickly. If you want to invest in Bitcoin, you must plan to hold it for the long term. OP decided to invest in altcoins by selling bitcoins for 5x profit which is wrong decision. Yes it's not that you can't get 5x profit in future if you invest in Bitcoin, you need to be patient and hold investment for long term if you want to get 5x profit. Those who invest in various altcoins in the market hoping to earn more than 5x profit due to excessive greed end up facing losses. We don't know what the OP decided? What bitcoins have you sold?

Fiasem20

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Selling BTC for altcoins sounds funny tho.BTC the best among the rest,I can't sell BTC to buy altcoins rather I would invest what I can afford to lose on altcoins and keep accumulating and holding BTC.
I can see your a short term investor, BTC is not a get quick rich scheme so if lack patient you can divert and make profit from altcoins.And where did you get the prediction that Bitcoin will not near 5× in the future, that's the most terrible prediction I've ever heard on the forum.

Fiasem20

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Selling BTC for altcoins sounds funny tho.BTC the best among the rest,I can't sell BTC to buy altcoins rather I would invest what I can afford to lose on altcoins and keep accumulating and holding BTC.
I can see your a short term trader, BTC is not a get quick rich scheme so if lack patient you can divert and make profit from altcoins.And where did you get the prediction that Bitcoin will not near 5× in the future, that's the most terrible prediction I've ever heard on the forum.

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Quote from: andyou1234 on May 10, 2024, 12:56:22 PM

Wow, in my opinion it's just an option because both are equally good for investing, but if you have made a profit after selling Bitcoin and exchanging it for altcoins I think that's okay, but if you still haven't made a profit from your investment then it's best if you Don't sell it yet because the price of bitcoin will definitely rise again.

Alternative way is ok to get profit from both sides but selling bitcoin for altcoin will never be the right decision. Altcoins have more risk there are many altcoin currencies that move upwards based on the bitcoin price. Instead of selling before investing you have to divide the investment into two.

Riginac111

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Quote from: AllYourBitcoinRBelong2Us on March 10, 2024, 12:14:38 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.

a Bitcoin I will not like to advise you to sell your Bitcoin to buy altcoin I know very well that bitcoin is a big project and when the value decreases in the market it will take not much time for the value to restore but when altcoin decreases in value it take much time for the price to increase in the value, so I know thing's that supposed have be a good for someone who is into cryptocurrency investment. Don't invest on coin that does not have a value normally invest on coin that I have a value that can survive

btc78

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Quote from: strunberg on May 10, 2024, 06:54:11 AM

But if you sold Bitcoin and bought altcoins like Hbar, Manta, Wif, or Altlayer in March, you have already made a loss. I think Bitcoin has experienced a decline of about 10-15% from its price in March.

If you want to protect your bitcoin against its temporary dips then I suggest just holding it in stablecoins for the meantime instead of holding it in altcoins. If bitcoin dips, altcoins will most likely feel the consequences twice as much. Even if you choose a really good project, none of them will be able to surpass bitcoin especially in times where the market is in a downturn movement.

Topic: Selling BTC for Alt Coins? - page 5. (Read 1969 times)