Topic: Selling BTC for Alt Coins? - page 9. (Read 1975 times)

I see people referring to the ATH of altcoins to judge, such people will miss out if they do not invest in altcoins due to that and will also cause fear in others from investing in altcoins. Investing in altcoins is good but one has to be smart about it, you do not leave your altcoins for too long in the name of HODLing, that's the gist. This is why we must know the true reversing level on the higher charts for us to know the time to liquidate all our investments in it. Also for altcoins, you do your calculation of the bullish season alone, you do not do the calculation of the effect of the bearish season with it to avoid confusing yourself.

What I mean is that, if you see an altcoin move from $50 to $500 in the last bullish season and move back to about $80 during the bearish season, just buy it when you are sure of the bottom, but never have the mind that it will reach the ATH again ($500) or move above it like many mistakes themselves and others. Just continue to follow its chart analysis to know the true trend it follows and when it reverses. For example, you may buy it at $85 and it reaches $425 max without reaching the ATH again. By then you have gained in multiples, and will still divest if you see the bearish trend activated again. You will now wait till it falls back again to its lowest level in the long-term disposition prior to another bullish season to re-buy it again.

By this, who cares if it gets back to its ATH again? You continue to make your money still, even more than those who are HODLing Bitcoin till eternity. It's all about making money, we should be smart.

No do not sell your potential coin for altcoins because altcoins investment is much risky so you can't keep yourself in relax if you invest your money on altcoin. bitcoin is much safe investment from cryptocurrency. so you shouldn’t sell your bitcoin for altcoins but if you have another enough money and afford to invest them then you can invest that money on altcoin but be careful to choice altcoin because if you choice wrong coin then you can face big loss

In terms of price increase, altcoins tend to move higher than that of Bitcoin. Of course, the risk would be higher if you will invest some of your money into altcoins compared to Bitcoin, but the rewards will be higher.

Now to answer your question, I already did it. I sold most of my altcoins, and some of my Bitcoins then buy other altcoins. Some of them are at around top 50-100 in terms of market cap. The lower the market cap, the higher the risk the higher the risk, the higher the reward. I believe that some of the altcoins out there have more upside compare to Bitcoin that will only do x2. If you're an aggressive type of investor then maybe decreasing your allocation in Bitcoin, and using it to buy lower market cap altcoins would be a good option. Now if you're a type of investor who doesn't care about the risk, but more of a conservative one the I guess just stick with Bitcoin, and Ethereum.

Some of the altcoins might do x5 TBH, but it's kind of rare, but possible compared to Bitcoin that will do at most x2 only.

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.

Sure you can if you want to risk a lot. Altcoins are more volatile than bitcoin. During a bearish phase, altcoins will bleed much more than bitcoin. And it also more difficult for altcoins to beat their all time high again during a bull run. You could have see the last few days how altcoins went down faster than bitcoin. Again, bitcoin already made a new all time high record, but most of the altcoins haven't reached their all time high yet. You might be able to make 5x investing in a new random altcoin, but don't forget, you might be also losing 10x.

I think that investing and hodling Bitcoin in the bull run is the best investment decision a person who's into crypto can take is Bitcoin, because it's the safest and most reputable crypto coin, it might not give you what altcoins can give on the short term, but it won't scam you like most altcoins will. Except for top altcoins, investing in most other altcoins is a gamble, they have the potentials of giving you massive returns on the short term, but the problem is picking the legit ones among many scams, so learn how to carry out research, so your fund will not vanish with a shitcoin.

If you're seeking short-to-medium term profits and have a high risk tolerance, you could consider selling a small portion of your BTC holdings to invest in a few promising altcoins. However, remember that the cryptocurrency market is highly volatile, so only invest what you can afford to lose. But I suggest at least  holding your BTC until the next halving event before you consider sell it for altcoin.

Man, look at how he was well explaining it if he only had 2,1k as his investment, and how can you think this money can be doubled in a short time by investing it into the bitcoin? bitcoin is the worst investment for the little shrimp caused by it will give you very small amounts of ROI.
The better if you are trying to see if ALT is obviously becoming a sense investment for little shrimp like us.


Bitcoin still involves the same risk as altcoin, but you will only get less profit and loss, considering that altcoin's volatility is much more volatile than bitcoin's.
You can turn your 2,1k into the house through investing in the right altcoins. Think about that. It's not all of altcoins are bad. They were obviously generating more profit for the small investors than bitcoin. Bitcoin is whales game

I prefer to do otherwise, sell alts to buy BTC. Not fully, usually, some part I spend on something, and some part goes into Bitcoin. Because it's the only coin I can trust in the long term.

Though bitcoins won't get as much increase compared to the altcoins, it has the assurance that your investment won't get lost or you won't need to worry about it because if the price decreases, it will gonna surely rise based on its past history, especially in the halving season. On the other hand, altcoins are more risky and you could possibly lose your investment if you meed it up and choose the wrong altcoins but as you said, if you managed to pick the right one and invested at the right time, when the price still low, then you will hit the jackpot once it rises along with bull runs because we all know it increase a huge amount of percentage compared to bitcoin's price.

You are right that bitcoin did a massive bull run after the halving but you should also keep in mind that all the bull runs started after a major correction. This correction might be a quick one but this happens to liquidate all the future positions, which is necessary for a healthy and sustainable rally. This time things look different but the market has been going upward for more than 3 months so it is time for it to move sideways to create uncertainty in the market so that traders can make the wrong decision.

Bitcoin will definitely go more than 5x but not with a couple of corrections
from here and there. If you had already made profits from bitcoin then
I guess taking it out to buy altcoins wouldn’t be that bad of an idea.
Considering of course that you choose your altcoin wisely lest
you just end up losing all the profit you made from bitcoin. I personally
wouldn’t sell my bitcoin until at least after halving but it’s your money, your decision.

Those who are traders would be the ones to need this information seriously. After the halving, there is a high tendency that Bitcoin will have a bull run, based on History. So since the price correction has already started taking place, we hope that the bull run which was predicted to take place around 2025 will now start from 2024 due to the change in the time of the price correction, except we are not yet in the price correction and the price of Bitcoin may rise once more.

Bitcoin price correction was going to happen and it has already started. Don't sell your Bitcoin and buy altcoins because Bitcoin will cause a big correction in price of altcoins. ImA correction of 30% or more can happen and if you sell your Bitcoin and buy altcoins you will be in loss. Continue to hold Bitcon and after halving it will again pump.

for now, there is no good crypto investment other than bitcoin. indeed bitcoin will not jump too high until 5X. However, the price of Bitcoin will always increase with each halving.
it's better to keep it in the form of bitcoin. at least until it prints a new ATH after the halving occurs. only then can it be split into altcoins such as ETH, BNB, SOL.

Supposedly, when at the time, the price is $73K, surely you buy when the price is below it.
But now it's at $62K, I think you will just wait for the next ATH, which might be bigger than the initial one.
Even if you change to an altcoin, it will certainly be highly appreciated because the possibility of getting an amount in units is greater and the possibility of making a profit is no less good than in Bitcoin, as long as you choose a very good altcoin such as BNB, SOL, etc.
Or stay in bitcoin but add capital with DCA so that the value is even higher!!!

I think selling of bitcoin for investment in altcoins is not a good idea but if extra money is used for top altcoins investment then it can give you profit. Bitcoin is a very beneficial investment asset and no other altcoins can ever become most profitable coin.

Bitcoin is attaining success and has less risk as compared to altcoin but still if you want to invest in altcoins then don't sell your bitcoin and save some amount of altcoin investment so then you can take benefit of both opportunities.

What the futures holds is uncertainty no one can actually predict whether Bitcoin is going to do 5x or more or even less their can only be speculations. Selling of ones investment is solely depends on you is your choice but just hoping you are not selling too early because Bitcoin is best when seen from a long term perspective as it gives the compounded value of your investment. But how sow are you that the other coins when you want to buy is going to make 5x?.

This is thoughtful of you and it's not about calling and hailing the name of Bitcoin alone but the money to be made from it as well. Well, that is when the person is smart because our investment in any cryptocurrency should primarily be for the money so we need to always be smart about it. Bitcoin can never move the x5 mentioned by you, and if it moved the x2, then it really did well, even if it struggled and moved the x2, it will never be able to move x2.5 anymore this season, so it is not a good investment at this price that is already close to $100,000 when the investor wants to HODL it as an asset.

For this, you are not sensing and proposing wrongly to diversify your money. But you may not want to divest all your Bitcoin for this if you love Bitcoin on its own, but some percentage will reasonably satisfy you. Many altcoins could still move more than x10 over time, we all saw what PEPE and FLOKI recently did within a month, that is more money instead of wasting your time on Bitcoin unless you want to trade it on the futures market.

bitcoin will not reach a 5x price increase because so far the price of bitcoin has risen drastically, but there is still a possibility that the price of bitcoin will reach a much higher price because the halving has not yet started. It's best for you to focus on investing in Bitcoin for now and after the halving ends you can choose altcoins as an investment vehicle.