Topic: Should I swap my BTC to altcoins and hold for better benefits? - page 4. (Read 770 times)
Ya if you're looking for big profit then you should turn it into another good altcoins because in my opinion the price of BTC is already too high and verry hard to reach more than x10 from this current price.
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.
None of the people couldn't be as bad luck as you. I haven't any clue why you don't get 10-20 times profit when you are here since 2016. Your 90 percent portfolio is in Bitcoin, which means you want risk fee investment. Make altcoins season investment instead of holding your Bitcoin. Today Bitcoin price dumped, now it can't be a good decision to swap to another altcoins. 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.
Depends on your target. Current range is 50k above, let say you have 1 btc at worth 55k then bitcoin hits 100k you earn 45k profits from holding it. But let's say those 55k invested on eth around 4k price and eth reaches 10k. You'll earn more than 100% but of course lower major altcoins are the best one.
In my opinion you'll get more multiplier on altcoin rather than bitcoin. Not a financial advise, always do your dyor.
But how good it can be at this point? ETH, ETC and SOL price increased significantly while BTC stayed between $50k to $60k range. ETH and SOL price got doubled in last 30 days, ETC price increased so much but ADA price movement was somehow related with bitcoin. It hasn't increased like other alts. I think we shouldn't expect more and more from those alts. Bitcoin price may increase quickly in upcoming days. It would be better to invest fresh money in altcoins rather than swapping bitcoin into alts. In my opinion you'll get more multiplier on altcoin rather than bitcoin. Not a financial advise, always do your dyor.
Try to make a diversion. Put some percentage of your BTC to those coins you preferred which are TH, ADA, SOL, ETC. Trust me, it's exciting to have more eggs.
Try to observed within a week or two or better to wait for the coin's trend to see if that way will be a good strategy that you can apply on your future trades. There is no way we can see if it will be successful since the market is volatile. You just need some guts to do it and face whatever the result. But of course, you need to be focus while doing it, or else you will be wreck.
Try to observed within a week or two or better to wait for the coin's trend to see if that way will be a good strategy that you can apply on your future trades. There is no way we can see if it will be successful since the market is volatile. You just need some guts to do it and face whatever the result. But of course, you need to be focus while doing it, or else you will be wreck.
I don't think that will be the best option right now.
Remember 5months ago bitcoin price was about $20k+ and many people got do happy and sold out and those people are currently regretting of selling at that point. I think the Same thing might happen to you if you exchange for alt and by the end of the year you see bitcoin at $100k and then you tell your friends you sold yours to get alt how wish you knew.
Don't forget many altcoins drop so bad, the current rise might just deceive you and you jump in, sell off all your btc and later make less profit or likewise lose. There's a risk here, no risk no reward though but think of it this way, why not you drop your btc and take your mind off the coin cause I know the urge you get when you see your coin on exchange and the value keep staying stagnant. Really hurts bro
But forget about buy alts for now
Remember 5months ago bitcoin price was about $20k+ and many people got do happy and sold out and those people are currently regretting of selling at that point. I think the Same thing might happen to you if you exchange for alt and by the end of the year you see bitcoin at $100k and then you tell your friends you sold yours to get alt how wish you knew.
Don't forget many altcoins drop so bad, the current rise might just deceive you and you jump in, sell off all your btc and later make less profit or likewise lose. There's a risk here, no risk no reward though but think of it this way, why not you drop your btc and take your mind off the coin cause I know the urge you get when you see your coin on exchange and the value keep staying stagnant. Really hurts bro
But forget about buy alts for now
If you’re holding good amount of Bitcoin, you can sell some of it for at least 40% of your holdings and buy good altcoins for long term hold, this is called diversification so don’t worry that much since you are still planning to hold top altcoins, it can be more profitable. Don’t just sell Bitcoin for any shitcoins, that can become worthless and you might lose money. Looking at the market right now, its dumping again so this might be the best time to buy cheaper altcoins.
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.
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.
I am heavily in ETH now and i am not holding any BTC anymore. I was looking at SOL too because i've heard good things from people i respect but i am still looking for entry place. But i am curious, what do you see in ETC? Is the chart looking good or something because i can't see anything good in fundamentals.
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.
In 2021 I'm sure both bitcoin and altcoins will grow well, but there's definitely a time of their own.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.
Investing in cryptocurrency certainly requires the right experience and thoroughness to succeed.
It is up to each individual to choose the type of coin investment they will hold.
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.
Not a good time to switch to altcoins. As you said, most of them have already fold their value a few times, and I do not think after that folding will be so easy. That is why do as follows, invest 10% of your BTC to certain altcoins that can make you money. That way, if there is an increase, you will be able to evaluate it, if not, you will not be upset because the amount is not large. 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.
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.
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.
Of course it is better to sell part of BTC and buy the same ETH. For a month it would be +100%
I think you should exchange your BTC and buy altcoins because BTC can't be 10x, But altcoins can be 10x in few months or weeks.
Always Invest in token after researching about that token. I have made my money 2x-3x with altcoins where Bitcoin can't give me 2x -3x.
That is exactly the reason why people are changing their bitcoin into altcoins. I am not doing that just yet because I already made a good enough profit, I did 10x this year already and I do not want to take the risks, when altcoins do 10x during bitcoin going 2x only that is a good time to own altcoin but when the price drops altcoins drop 90% while bitcoin drops 50% so I do not want to really make any sort of risk by going to altcoins now, I already have a good amount of money and I do not think that bitcoin would drop that much anymore. Always Invest in token after researching about that token. I have made my money 2x-3x with altcoins where Bitcoin can't give me 2x -3x.
Long story short I won't, but I also understand people who do, it is not really a bad thing to do because altcoins could make you a lot more money and you should focus on that if you want to take the risks and make a good amount of money, it is definitely something that would be profitable for you if you are right.
I think you should exchange your BTC and buy altcoins because BTC can't be 10x, But altcoins can be 10x in few months or weeks.
Always Invest in token after researching about that token. I have made my money 2x-3x with altcoins where Bitcoin can't give me 2x -3x.
That's true but those opportunities arise in coins with high variance and high risk like Shiba token which recently came to the market out of nowhere and suddenly captured almost all of the market and even got listed at Binance. I hold some SHIB but I am almost certain that this is another meme coin and won't get as much support as the hype it is getting from traders.Always Invest in token after researching about that token. I have made my money 2x-3x with altcoins where Bitcoin can't give me 2x -3x.
BTC is the king of the market without any doubt and talking of growth recently we saw how it ran all the way from 10k to 50k so 5x is not bad for such a big coin whose growth is inevitable over years to come. With altcoins you can get 100-200x also easily, I remember I purchased some solana at $1 and they reached $40 when I last checked, but then again, it is just too risky to put money in these new coins.
Yes, it is unfortunate timing because earlier only BTC was going up while altcoins were rather stable with minimal growth. I think there are two kinds of waves right now in the market.
BTC Bull run: Where only BTC goes up and other altcoins will just sit and watch it reach new ATHs.
Altcoins Bull run: During these times like now, other coins will rise while BTC will remain stable and might move little to none.
I would still suggest keeping most of your portfolio in BTC because it has value in the long term while altcoins can go down anytime without any reason. I would say maybe keep 60-40 instead of 90-10 since it gives you a better chance of profits as altcoins move.
BTC Bull run: Where only BTC goes up and other altcoins will just sit and watch it reach new ATHs.
Altcoins Bull run: During these times like now, other coins will rise while BTC will remain stable and might move little to none.
I would still suggest keeping most of your portfolio in BTC because it has value in the long term while altcoins can go down anytime without any reason. I would say maybe keep 60-40 instead of 90-10 since it gives you a better chance of profits as altcoins move.
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.
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.
Looking at the possible growth, I can say it is a wise decision to move to a promising altcoin than staying in BTC if you are looking for a better profit. As of the choices, considering the current run and price, I would be picking ADA (this just me) since it is still cheap and SOL. They have lots of room for price to grow. Just a simple calculation, BTC reaching $100k = 2x only, ETH reaching 16k = 4x only, now ADA reaching $20 or Sol reaching $400 (I bet you can see the difference) and with much smaller capitalization needed.
Hold some BTC,sell remaining BTC and buy some good altcoins like BNB, Ethereum and ADA. I think BTC will not double now in this year. Altcoins are doubling in a day.
BTC is going 100k now that Facebook have announced that they are buying and investing on BTC, I believe this year will be a wonderful one for all crypto investors, also ETH can still give over 6k and it's not too late to invest in this coins yet, I feel lot safer with these coins than altcoins
I think you shouldn't swap all of your BTC. It may seem like the price is stuck for now but you can make a great deal of profit in the long run. Instead, you can buy some ETH and BNB if you still want to swap some of your BTC at least. I think that ETH and BNB both will reach even much greater levels compared to now.
I think you should exchange your BTC and buy altcoins because BTC can't be 10x, But altcoins can be 10x in few months or weeks.
Always Invest in token after researching about that token. I have made my money 2x-3x with altcoins where Bitcoin can't give me 2x -3x.
Always Invest in token after researching about that token. I have made my money 2x-3x with altcoins where Bitcoin can't give me 2x -3x.
DYOR, if you are getting legit coin to invest and then swap it. i guess bitcoin had very big mcap and that will need a lot of time to be doubled again. I do believe it will happen in the next years.
Altcoins are starting to grow so hard. Try to decrease your bitcoin portfolio and then move into the underrated major coin.
Think before try to do that whether you can afford your bitcoin to be used to invest in the altcoin. Altcoin will always bring you into the high risk.
Altcoins are starting to grow so hard. Try to decrease your bitcoin portfolio and then move into the underrated major coin.
Think before try to do that whether you can afford your bitcoin to be used to invest in the altcoin. Altcoin will always bring you into the high risk.
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?
Do you think I should do that?
It's actually up to you. Suggestions and advice from others will remain as "suggestions" and "advice" but the final decision will be yours. Just because someone got a good result using a certain strategy, the same result will also be the same for you. Try to analyze what's the best thing to do at any given trend.
There will be a time that you really need to test some strategies for you to know what will be the result. There's no assurance that for every strategy, it will yield a good result so give a time doing some test and see what will be the effective strategy for you that you can use in the long run.
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