Should I swap my BTC to altcoins and hold for better benefits? - page 2.

Vaculin

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Quote from: gribalenfeksiyon on May 13, 2021, 07:20:39 PM

I suggest you increase the amount of bitcoin you have as much as possible and hold it. Isn't that the main goal of many people here anyway? to have as many bitcoins as possible. Of course, while doing this, it is necessary not to miss the opportunities in altcoins. It is necessary to be able to follow bitcoin and altcoins at the same time. It is necessary to be aware of the opportunities. but replacing bitcoin with altcoins is not a logical idea to me.

Bitcoin is the most reliable coin to hold for a long-term goal, not altcoins. that is why the majority had the goal to accumulate more rather than selling for altcoins. Even we saw that altcoins did a good market gain this time however, it never gives me a reason that I have to sell my Bitcoin. Maybe I put into that consideration about selling if Bitcoin will dump but that doesn't mean I'll go for altcoins.

May it looks good if we invest in Bitcoin and altcoins at the same time.

conected

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Quote from: Tumanggor on May 14, 2021, 09:21:56 AM

Quote from: hotpassion on May 11, 2021, 09:27:13 PM

Hey all,
We all see that the BTC price is sideway from 50k to 58k for few months now and it seem can't break up the 60k barrier. My portfolio is about 90% in BTC and I feel very depressed to see other altcoins prices are increasing very high in the last few months while the BTC price is stuck at the 5xk ranges. It is said that now most traders and retail investors are only interested in buying/trading altcoins, especially meme, animal coins because they can make much more profits comparing to buying BTC. Some of my friends have x10, x20 their portfolio just 3 months after entered the crypto market. I joined the crypto market since 2016 but can't make as much money as they do for just few months.
They tell me to swap my BTC to other altcoins and hold them for much better profits. I'm still struggling to make my decision to sell my BTC for altcoins (I prefer ETH, ADA, SOL, ETC).
Do you think I should do that?
Thanks.

You will not make a profit if you swap your Bitcoin to Altcoins at this time
because some Altcoins are already at quite a high price

I highly recommend that you keep holding of the Bitcoin you have
do not be jealous of your friends, because you will be more profitable than them

#keep hold, staying poor

- Agree, I also have a lot of ambition on the strategy of using bitcoin to buy altcoins in the past but this strategy quite a lot of failures in terms of profit when Bitcoin is a major factor goes up, altcoins can't change fate too much as it always becomes the ground for bitcoin to step on, altcoin and bitcoin currency pairs always fall every time bitcoin breaks, it's always under my watch. Want to participate in altcoins, the value of bitcoin needs to be as high as possible and an intermediary step back to stablecoin, that will limit the loss of value in altcoins

onecall123

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Quote from: ?? on ??

Quote from: gribalenfeksiyon on May 13, 2021, 07:20:39 PM

I suggest you increase the amount of bitcoin you have as much as possible and hold it. Isn't that the main goal of many people here anyway? to have as many bitcoins as possible. Of course, while doing this, it is necessary not to miss the opportunities in altcoins. It is necessary to be able to follow bitcoin and altcoins at the same time. It is necessary to be aware of the opportunities. but replacing bitcoin with altcoins is not a logical idea to me.

that's just a strategy, if you look at the condition of bitcoin for 2 months, of course you will switch to altcoin if you are an experienced market observer because the benefits that are given to altcoins are more than btc currently only doing sideways, and when btc has started show will go up then you move back to btc.

That’s what I'm confused about, can't get the idea where should I move. For this situation I have bad luck, couldn't settle on any choice appropriately. Fall into dilemma when to take profits and reinvest them. I made few attempts, every coin I given priority failed badly. I would probably just forget about it and keep investing into bitcoin.

Tumanggor

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Quote from: hotpassion on May 11, 2021, 09:27:13 PM

Hey all,
We all see that the BTC price is sideway from 50k to 58k for few months now and it seem can't break up the 60k barrier. My portfolio is about 90% in BTC and I feel very depressed to see other altcoins prices are increasing very high in the last few months while the BTC price is stuck at the 5xk ranges. It is said that now most traders and retail investors are only interested in buying/trading altcoins, especially meme, animal coins because they can make much more profits comparing to buying BTC. Some of my friends have x10, x20 their portfolio just 3 months after entered the crypto market. I joined the crypto market since 2016 but can't make as much money as they do for just few months.
They tell me to swap my BTC to other altcoins and hold them for much better profits. I'm still struggling to make my decision to sell my BTC for altcoins (I prefer ETH, ADA, SOL, ETC).
Do you think I should do that?
Thanks.

You will not make a profit if you swap your Bitcoin to Altcoins at this time
because some Altcoins are already at quite a high price

I highly recommend that you keep holding of the Bitcoin you have
do not be jealous of your friends, because you will be more profitable than them

#keep hold, staying poor

Asuspawer09

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Quote from: hotpassion on May 11, 2021, 09:27:13 PM

Hey all,
We all see that the BTC price is sideway from 50k to 58k for few months now and it seem can't break up the 60k barrier. My portfolio is about 90% in BTC and I feel very depressed to see other altcoins prices are increasing very high in the last few months while the BTC price is stuck at the 5xk ranges. It is said that now most traders and retail investors are only interested in buying/trading altcoins, especially meme, animal coins because they can make much more profits comparing to buying BTC. Some of my friends have x10, x20 their portfolio just 3 months after entered the crypto market. I joined the crypto market since 2016 but can't make as much money as they do for just few months.
They tell me to swap my BTC to other altcoins and hold them for much better profits. I'm still struggling to make my decision to sell my BTC for altcoins (I prefer ETH, ADA, SOL, ETC).
Do you think I should do that?
Thanks.

It's recommended to hold a big percentage of bitcoin because it's the safest investment that you could make and at the same time number 1 cryptocurrency in the market.

I think it depends on your goal, I did sell some of my bitcoin because I mean I'm not that big of investors so I need to earn a big amount of profit in a short time so the easiest way to do that is to invest in altcoins that could give me a much higher profit than investing in bitcoin or investing more in Ethereum.

It just depends on your strategy in cryptocurrency, you could always buy back bitcoin if you want to if the market price is a dump, but make sure that you're selling your bitcoin at a good profit.

Hypnosis00

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Quote from: nurilham on May 13, 2021, 07:28:11 PM

I am surprised you only invest in a single coin. Most people invest in some crypto coins because it can optimize the chance to earn bigger profits. Bitcoin is good for investment, but trying to get more profits from altcoins deserves to try, buddy! Also, it is an altcoin season, why don't join it. Wink

It got some reasons, many were doing that but we are already in the peak season and I feel worried if the market will dump and altcoins will fall badly. Maybe if this has been made earlier before it reaches the peak price, I believe that was more profiting but for now, it is a big risk to be taken. That seems to be a suicidal action to be made.
I hope people doing this will even succeed but I don't suggest selling all of our Bitcoin, it seems to be safe if you just save half of it while the others are for altcoins.

nurilham

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I am surprised you only invest in a single coin. Most people invest in some crypto coins because it can optimize the chance to earn bigger profits. Bitcoin is good for investment, but trying to get more profits from altcoins deserves to try, buddy! Also, it is an altcoin season, why don't join it. Wink

ogundowotoby01

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Selling off your Bitcoin know is not a good idea. In the next couple of years, we would all looking back and the price of bitcoin is cheap now. Hold your bitcoin for the longterm and don't get distracted by short term gains

gribalenfeksiyon

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I suggest you increase the amount of bitcoin you have as much as possible and hold it. Isn't that the main goal of many people here anyway? to have as many bitcoins as possible. Of course, while doing this, it is necessary not to miss the opportunities in altcoins. It is necessary to be able to follow bitcoin and altcoins at the same time. It is necessary to be aware of the opportunities. but replacing bitcoin with altcoins is not a logical idea to me.

crzy

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Quote from: sukoyomi on May 13, 2021, 07:14:23 PM

Quote from: kawetsriyanto on May 13, 2021, 07:00:40 PM

Well, It is not too late to join altcoins, the altcoin season seems to continue in the next few months. If you want to try your luck on altcoins, you can swap a few numbers of your Bitcoin. But make sure you choose the most potential altcoins only. Top altcoins are the most recommended, even if they sometimes dropped in their prices, they can recover soon. So, I suggest you swap your BTC to top altcoins.

That's right, also to get best profit from holding btc is need some big amount, if it just 0,01 btc will not worth to hold it in btc. Convert to altcoin was recommended. If that guy can take big risk, sometime a new project can give billion benefit, but not really recommended to do that.

Its not too late since the market is still recovering and altcoins might go for more up trends, OP can actually swap some of his BTC holdings into a good altcoins. New projects on BSC network are also rising, they can give an easy profit buy you must watch the market closely because it moves faster and very volatile. Altcoins can help you achieve your short term goal in terms of profit, just be active and always do you analysis.

kevindjunaidi

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in my opinion it is better if you still hold your BTC, because BTC is safer to be used as an investment and the price of BTC will definitely continue to increase all the time, then every time a bull run occurs in the market, then of course the price of BTC will definitely increase first, that's why if you really want to invest in altcoin, so my advice is that you better add your capital to buy altcoin and not swap your BTC to altcoin, because I believe in the future the price of BTC can be at least $100k.

tanjiran

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Quote from: Bilgent on May 13, 2021, 07:06:08 PM

If I were you, I would keep HODLing my BTC. Because it will make you have maybe even the most profit compared to others in the long run. And actually, you can also buy ETH if you have more money to be able to invest in it. Because ETH is also one of the very promising coins now. I expect the price to reach at least $10k in the future. Maybe not this year but it will happen I believe.

well, in the long run, bitcoin would be the best choice. Altcoins will be maximized if played in the short to medium term, depending on project development and market acceptance. by utilizing the right timing, for example being able to join a presale or initial sale, then it can be a good opportunity. especially now that many IDOs are popular, such as in Poolz, polkastarter, etc.

To maximize profits, I suggest, try investing in a few altcoins to take advantage of this altseason.

sukoyomi

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Quote from: kawetsriyanto on May 13, 2021, 07:00:40 PM

Well, It is not too late to join altcoins, the altcoin season seems to continue in the next few months. If you want to try your luck on altcoins, you can swap a few numbers of your Bitcoin. But make sure you choose the most potential altcoins only. Top altcoins are the most recommended, even if they sometimes dropped in their prices, they can recover soon. So, I suggest you swap your BTC to top altcoins.

That's right, also to get best profit from holding btc is need some big amount, if it just 0,01 btc will not worth to hold it in btc. Convert to altcoin was recommended. If that guy can take big risk, sometime a new project can give billion benefit, but not really recommended to do that.

Questat

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You don't regret it now as altcoins have grown so wild and becoming more profitable than Bitcoin but later when the bullish season is over, that is the time to see which one is more sustainable and which is not. If you are doing to do that, I'm still sure that you will sell your Altcoins again and get back to BTC.
If you will just swap BTC for altcoins and hold, much better to have it shared Bitcoin and some altcoins and hold them together.

Bilgent

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If I were you, I would keep HODLing my BTC. Because it will make you have maybe even the most profit compared to others in the long run. And actually, you can also buy ETH if you have more money to be able to invest in it. Because ETH is also one of the very promising coins now. I expect the price to reach at least $10k in the future. Maybe not this year but it will happen I believe.

kawetsriyanto

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Well, It is not too late to join altcoins, the altcoin season seems to continue in the next few months. If you want to try your luck on altcoins, you can swap a few numbers of your Bitcoin. But make sure you choose the most potential altcoins only. Top altcoins are the most recommended, even if they sometimes dropped in their prices, they can recover soon. So, I suggest you swap your BTC to top altcoins.

By the way, you must remember that no guarantee that altcoins will last a long time. You are better to buy altcoins and make a short-term target. That's can be a safer way than you hold till the next year.

NorvsGanda

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Having btc as one of your asset is great but for me I'll go with alts rather than btc. Especially if you just a small scale investors/holders. Coins which has a high market price like btc requires also a high amount of capital. Because you will not appreciate the profits if you will put small amount. Unlike in alts, it is okay if you are small scale buyer because you will gain from scalping if you will do it in a right way.

motun01

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This depends on your personal preference and your risk appetite. I like holding a good amount of BTC and i believe a good portfolio will hold the major coins with at least 50% of the dollar value. However taking calculated risks will also help you grow your portfolio value more so you should hold a good mixture of the more volatile altcoins with potential for big gains in the market

Jackl87

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Quote from: hotpassion on May 11, 2021, 09:27:13 PM

Hey all,
We all see that the BTC price is sideway from 50k to 58k for few months now and it seem can't break up the 60k barrier. My portfolio is about 90% in BTC and I feel very depressed to see other altcoins prices are increasing very high in the last few months while the BTC price is stuck at the 5xk ranges. It is said that now most traders and retail investors are only interested in buying/trading altcoins, especially meme, animal coins because they can make much more profits comparing to buying BTC. Some of my friends have x10, x20 their portfolio just 3 months after entered the crypto market. I joined the crypto market since 2016 but can't make as much money as they do for just few months.
They tell me to swap my BTC to other altcoins and hold them for much better profits. I'm still struggling to make my decision to sell my BTC for altcoins (I prefer ETH, ADA, SOL, ETC).
Do you think I should do that?
Thanks.

If i were you i would definitely stay away from those meme-coins. The whole hype around them started a few weeks ago and is already dying out again in my opinion and within the next few weeks and months 99% of those meme-projects will be dead. If you would invest in those meme-coins now i think a total loss of that money is very much possible. To have a high percentage of BTC in a crypto portfolio is good in my opinion as it is usually the most stable coin of them all and also does not drop as hard in a bear market as most altcoins. You could change your portfolio a little though if you want and make it like 70% BTC, 20% in established altcoins like BNB, Dot, ETH and so on and the other 10% into more risky projects.

Traderbtcc

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I think its your choice to make, but one thing I would like to correct is that bitcoin will still break above $60k eventually, no matter the bad news we got about tesla, $60k is only a number bitcoin will get there without Elon Musk's tweets, since you really want to diversify your portfolio, some altcoins are currently trading very cheap right now as the market is a dip, I would recommend you buy Ethereum, bnb, dot, and ADA, these coins have a bright future and no doubt you will make a good profits from them.

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