It was necessary to buy altcoins earlier but now is the time to fix profits now the risks of losing trading bitcoins are much higher.
Therefore if you decide to trade you should use stop orders in order not to get too big losses.
Topic: Should I swap my BTC to altcoins and hold for better benefits? - page 5. (Read 770 times)
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.
To pump Bitcoin, the market need huge capital and whales need to create panic and shake all weak hands out, liquidate gamblers' positions. Then Bitcoin will continue its parabola. The altcoin season is existing to help whales prepare for Bitcoin season. You will see it.Quote
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.
Altcoins are only good in altcoin season and bull market. In bear market, Bitcoin is the best if you want to keep your fund in crypto.Quote
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).
They already climbed a lot but still can climb higher but if you still want to invest into those coins, you have to accept risks of falls. In addition, you have to prepare for any shake outs that are needed for their climbs. Shake outs are not comfortable and can make you feel very panic.There are many altcoins that have yet climbed a few times like these aforementioned coins. You can choose them and have better ROI.
I can bet on ETH and BTC, if you don't have ETH you can buy that right now and hold, I'm not sure that BTC is done yet but if you've entered in an early stage and you've make some good profits then invest in altcoins that are very good like ADA, Vechain and others
Your problem is to believe with btc at this stage, to me it's the opposite of your thoughts. I am thinking of that a reasonable buy zone at this stage as I believe btc will get its price higher than it is now, and it could reach $ 100k by year-end.
Even if this is the case, then by the end of the year, Bitcoin may only double in value. Meanwhile, ethereum, for example, which in recent months has already surpassed Bitcoin in growth rates, and now its price has risen to $ 4,340, according to forecasts, by the end of summer it could reach a price of $ 10,000, and by the end of the year - $ 27,000. This is much more than just doubled.You shouldn't rely on bitcoin alone. It will be much smarter to distribute your funds across several promising cryptocurrencies.
Don't bother swapping all your BTC for altcoins but you can take some portion of your BTC and put that into ETH, these two coins can still go up in coming months
If you feel that way then just go ahead with what you instinctively feel, the problem of greed for everyone in this market is not too strange. I just want to advise you to be satisfied and serious with the original plan you set out.
I guess the amount of BTC in your portfolio might not be big enough which makes you come to a wrong conclusion. A small volume of Bitcoin and even seeing the gains on that might yield a low value, compared to someone who is holding >1BTC and bought at prices of three digits or four digits of USD.
Point is that back in last two years we have seen a stagnant market, where altcoins went down like anything and BTC was never rising. This was followed by a bull market for BTC in 2020-2021. Now since I have seen both sides, I can comment that buying bitcoin and keeping it is much better in terms of profit and mental trauma than buying altcoins.
Now you may have some support for specific altcoin, however their probability of being in profit is much less than Bitcoin. You can buy today some altcoin and it might drop to very low prices tomorrow, because people are holding bags to sell it anyway.
Point is that back in last two years we have seen a stagnant market, where altcoins went down like anything and BTC was never rising. This was followed by a bull market for BTC in 2020-2021. Now since I have seen both sides, I can comment that buying bitcoin and keeping it is much better in terms of profit and mental trauma than buying altcoins.
Now you may have some support for specific altcoin, however their probability of being in profit is much less than Bitcoin. You can buy today some altcoin and it might drop to very low prices tomorrow, because people are holding bags to sell it anyway.
You need to re-structure your portfolios again. All in bitcoin is only good for the long term hodlers that didn't wanna put their money into the risk. I have been making more than 100x from CSPR, SOV, the next should be MINA. You are too late to join in the party. what you can do to decrease the percentage of your money in bitcoin. Think about this, bitcoin already become trillion coin and that means if another coin could have the same chance like bitcoin.
DYOR is a must and remember this. No gain no pain. altcoin is about high risk high return.
DYOR is a must and remember this. No gain no pain. altcoin is about high risk high return.
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 think staying hold Bitcoin is much better...
if you want to convert your Bitcoin to altcoin it is too late, at this time the alt season is happening, the fear is that when you enter Altcoin the price will go down, this will definitely stress you out. believe me, before this year ends Bitcoin prices will be up to $ 100k.
what is clear before making a decision make sure that at least we do research and analyze the market, it is very important in my opinion,
This is of course so that we can make the right decisions and later do not regret it
If you think you will gain more by doing that coverting Bitcoin for altcoins then do it. However, for me much better to hold Bitcoin than to convert into any tokens. Bitcoin is the best coin that you can earn higher profit in a the right time. Hold your btc and buy altcoins from your fiat.
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 think staying hold Bitcoin is much better...
if you want to convert your Bitcoin to altcoin it is too late, at this time the alt season is happening, the fear is that when you enter Altcoin the price will go down, this will definitely stress you out. believe me, before this year ends Bitcoin prices will be up to $ 100k.
I can't tell about altcoins but bitcoin would never make you sad. Yeah, altcoins can be much more worthy of an investment but they are also a risk in average. That's why it would be better to keep the stocks of both bitcoin and a several of good altcoins. Be it in smaller amounts. That would make most of the adverse price moves of the coins less painful to you.
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It's always better to hoard btc instead of alt and most of people investing in altcoin usually just to speed up their ROI but you also must remember that alt also have significantly higher risk of vanishing into thin air
Maybe just divide your portfolio and allocate some of them to altcoin but I personally once the alt i'm holding giving the ROI that i've targeted I gonna convert it back to BTC to increase my btc holding.
But the sideways of btc already happened for months I'm sure it's gonna change very soon.
Maybe just divide your portfolio and allocate some of them to altcoin but I personally once the alt i'm holding giving the ROI that i've targeted I gonna convert it back to BTC to increase my btc holding.
But the sideways of btc already happened for months I'm sure it's gonna change very soon.
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.
In my opinion you'll get more multiplier on altcoin rather than bitcoin. Not a financial advise, always do your dyor.
If you think so then go ahead. But I think having BTC is a lot more important than having an altcoin. Its must used and preferred which you can directly pay to merchants than any other coins you could have.
I was definitely tempted to buy SOL when it was just $15, the price sticks to $15 for quite a while I meant to buy but changed my mind. I could have doubled already but yep didn't do it. It's still BTC that I want to accumulate.
Your problem is to believe with btc at this stage, to me it's the opposite of your thoughts. I am thinking of that a reasonable buy zone at this stage as I believe btc will get its price higher than it is now, and it could reach $ 100k by year-end.
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.
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