Op from your tone you are short term investor because it has a only a short term investors can say such a thing. And if you are doing.likw the cryptocurrency market, you lost your coin one day in the hand a scammer because you looking for a get rich quick investment and bitcoin is not part they your mindset. If you have such amount of bitcoin, I will advise you to keep it in bitcoin and look for another funds to invest in altcoins.
Don't sell bitcoin for altcoins but sell altcoins for bitcoin. That is my simple advise for you.
Topic: Selling BTC for Alt Coins? - page 6. (Read 1966 times)
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.
Now that the price of Bitcoin is down and altcoins also, op can always decide to sell some Bitcoin and buy altcoins but it should not be all. The price of Bitcoin is still going to skyrocket and we just have to hold some altcoins that has good momentum so that we can be able to ride the market and make good money. Since we all know that Bitcoin can not hit 2x but their are altcoins that can hit 5x when the bull finally arrives. This bull could commenced anytime from now and we should be prepared.
Both are beneficial whether it's a bitcoin or altcoins but wrong altcoins selection sometimes forces you to regret your act of selling Bitcoin for altcoins. I think if someone has just bought Bitcoin then don't sell it for altcoins because you can save another portion of altcoins too as all altcoins are not expensive so you can buy it by accumulating little percentage for it instead of selling your Bitcoin.
Ethereum, BNB and Solana are trending coins and also are top coins so must buy these altcoins before the end of current year as good months are coming very soon in which we will see that Bitcoin and top altcoins are going to touch the new higher values which will only be favorable for us if we have hold it.
Only do it if you are satisfied or have reached the predetermined target point for your investment profits. My question is, do you believe that switching to altcoins can change your life for the better? Very careful consideration is needed to determine a decision
Yes, perhaps if he is satisfied with the ROI that he has gained so far from his Bitcoin investment, then he should by all means diversify it into any altcoin that he feels will give him the kind of profits that he desired on the short term. But seeing as we're entering bull run, I think that this is still a good time to keep accumulating Bitcoin, instead of selling it, because unlike altcoins that are risky to invest in because of many scam projects, Bitcoin is guaranteed to give you massive or reasonable ROI in the peak of bull run. Let the OP carry out a thorough research on the project of his choice before buying, so that he doesn't lose his money in a shitcoin
I wouldn’t advise it, lots of people have ended up totally REKT doing this. It’s fine to have an altcoin allocation in your portfolio but don’t do it at the expense of your Bitcoin holdings. Bitcoin is trusted, has a verifiable long history of success, you can lose everything in altcoins. A small % is fine but don’t throw your Bitcoin into pinning the tail on the donkey.
I suggest that you should continue to hold the bitcoin that you have because the halving has started and bitcoin is the cryptocurrency with the most potential to rise. I'm talking in the context of the most popular cryptos, meaning comparing bitcoin with big altcoins like ETH, BNB, etc. Even though it has the possibility of increasing up to 5x or more, I do not recommend that you invest in new altcoins because the potential for losses is also large.
Now that the price of Bitcoin is down and altcoins also, op can always decide to sell some Bitcoin and buy altcoins but it should not be all. The price of Bitcoin is still going to skyrocket and we just have to hold some altcoins that has good momentum so that we can be able to ride the market and make good money. Since we all know that Bitcoin can not hit 2x but their are altcoins that can hit 5x when the bull finally arrives. This bull could commenced anytime from now and we should be prepared.
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. Meanwhile, most altcoins experienced a decline of up to 50%. This means if you have suffered a loss. I think selling BTC and buying altcoins is a great option for short-term trading, but it won't be great for holding for the long term.
Now that the price of Bitcoin is down and altcoins also, op can always decide to sell some Bitcoin and buy altcoins but it should not be all. The price of Bitcoin is still going to skyrocket and we just have to hold some altcoins that has good momentum so that we can be able to ride the market and make good money. Since we all know that Bitcoin can not hit 2x but their are altcoins that can hit 5x when the bull finally arrives. This bull could commenced anytime from now and we should be prepared.
I think is a matter of choice for me I can't sell my bitcoin to buy altcoins, for the fact that Bitcoin has reduced from it value does not mean that it won't rise again we just need to exercise patient, investing on altcoins is very risky, reason is because you don't know if you're investing in the profiting coin or the one that will be dump soon, even if the bull is around the corner I will never advice anyone to sell his bitcoin and go for altcoins even if it is half of your bitcoin I will advice you just hold on to it. However bitcoin has a good potential in the future, we don't have to be curious to get profit, because sometimes been curious to get something causes a lot of damage.
Now that the price of Bitcoin is down and altcoins also, op can always decide to sell some Bitcoin and buy altcoins but it should not be all. The price of Bitcoin is still going to skyrocket and we just have to hold some altcoins that has good momentum so that we can be able to ride the market and make good money. Since we all know that Bitcoin can not hit 2x but their are altcoins that can hit 5x when the bull finally arrives. This bull could commenced anytime from now and we should be prepared.
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.
Before selling your Bitcoin investment which should be preferably part of your investment it should be that you have achieved your investment goals and objectives and while considering diversification investing on non Bitcoin related should be the best such as real life investment such as selling commodities, lands etc. yeah it is good investing in different assets or commodities.
This isn't that much of a bad idea, I do agree that getting some alts is not bad, only if you know what you are doing. I mean selling your BTC to get ETH for example wouldn't be bad, but it wouldn't be that good neither, they would be quite close to each other, maybe one would go up a bit more than the other, and to be fair to ETH, there is a bit of bigger potential so lets say that it is smart to do something like that, and I can see that and it's fine.
However, lets assume that we are talking about something that would not be easy at all, it is going to be a bit of an issue that would take time, and for that we need to make sure that we are going to end up with a token or a coin that would be a lot higher potential, finding that is the hardest one.
However, lets assume that we are talking about something that would not be easy at all, it is going to be a bit of an issue that would take time, and for that we need to make sure that we are going to end up with a token or a coin that would be a lot higher potential, finding that is the hardest one.
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
More than diversification, they should believe in the long-term more than anything else, that's how it should be with bitcoin because that 5x return in 5 years with bitcoin isn't really that much and the total growth would be far more astounding than many of us would think, that's how I see this happening. I can get behind with selling your bitcoins for altcoins but I don't recommend selling it right now, 2k in bitcoin is already a lot of money so I'm not sure why would you want to sell now when the potential for price increase of bitcoin is just too damn high right now, it's wrong to do it and remember that there's always the altcoin season after a bitcoin bull run, that's probably the time that you should be considering this kind of thing. Only do it if you are satisfied or have reached the predetermined target point for your investment profits. My question is, do you believe that switching to altcoins can change your life for the better? Very careful consideration is needed to determine a decision
Diversifying in other coins even after getting to your desired level in your Bitcoin investment and you feel the need of selling parts of your investment, diversifying in to other coins other than Bitcoin shouldn't be the best options, I will suggest you diversify in to something that is not related to Bitcoin such as selling commodities, lands, real estate and gold reason being that coin to coin might not really be necessary you also need to explore your investment in to another things that is not related to coins , it is just an option.
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
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 could be a good idea but you will need to be careful not to invest your fund in altcoins that are going to dip without much movement when the price of Bitcoin finally starts skyrocketing. It is very good for you to look for good projects that are very volatile because that is one of the ways you could make money from the market. This might not be a better decision if you use all your Bitcoin holdings to buy and accumulate altcoins whey you can split them so that you could earn from both side without any problem. Maybe you could just just 40% or 50% of your Bitcoin portfolio to invest in altcoins.
If you have already made some profits on your BTC you can use part of your profit to invest in altcoins, not bad is also a good move by diversifying and also observe another market apart from Bitcoin market.
It necessary you invest your money into a coin with remarkable performance and take into consideration;
The type of altcoins you want to invest in,
security and technology of such altcoins,
Liquidity of that altcoin market
competition involved.
Before you invest your money, to avoid future loses and regret. Investing in a stablecoin would yield great return for you overtime. Avoid risking your money into several altcoins without clue in this bull run be cautious, work according to your plan.
It necessary you invest your money into a coin with remarkable performance and take into consideration;
The type of altcoins you want to invest in,
security and technology of such altcoins,
Liquidity of that altcoin market
competition involved.
Before you invest your money, to avoid future loses and regret. Investing in a stablecoin would yield great return for you overtime. Avoid risking your money into several altcoins without clue in this bull run be cautious, work according to your plan.
Quote from: vs2014
If your investment has already hit the profit mark then you should sell and check out any other best altcoins. Because we have not yet seen bullish excitement in the altcoins market. So if there is a bullish trend in the altcoins market in the future you will get good profit. Moreover the price of bitcoin has increased so much that dumping can happen at any time. But bitcoin is always the best investment but you need to have the skill to buy and sell at the right time to get good profit. If OP wants to make a quick profit then the best time is to have fun with some good altcoins.
Since some altcoins are not yet pumping in the market, you can invest the half of the money on altcoins and save the remaining half in case BTC price dump you can invest again, and start waiting for the altcoins price to pump higher to earn from the investment. Solana and Dogecoin is in a good position, to give you the kind of profit you are looking for in altcoins investment because the coins price is still low in the market for you to buy and hodl because there are some positive sign that prove that their customers will going to earn well when altcoins bull season occur.
Never you allow anybody to deceive you, that BTC is not the best investment because you can see what is happening to those that market their BTC in the month of march and April and it helped them to achieve high profit from their investment, I will advise you to always include BTC in your investment.
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 we have our personal decision to make as regards to choose of coin or coins to buy, however for me it is not a good option selling your Bitcoin for altcoins looks like a short sighted approach and it doesn't make sense, Bitcoin has the best solid foundation when compared with other coins let alone the fact that the performance of other coins solely depends on Bitcoin, in as much as business or investment has its shares of gain and loss, Bitcoin has proven to be the best over time and it is less risky to invest in Bitcoin than other coins which has zero percent guarantee that is very unrealistic, but hey, you can do whatever you like.
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.
Well, at this point, it can be said if you are telling the truth, because for me, the only thing bitcoin can really reach from 40k is 5x up to 6x. So that means no matter how much capital you allocate for bitcoin, the maximum that your capital can repeat is only 6x.
So if you are looking for a big profit, your solution in these scenarios is to use altcoins that are top-listed in the market. As long as you also know how to shop for potential altcoins, you can lose in the end if you make the mistake of holding altcoins.
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