Tricky Question, Sell BTC and buy Altcoin? - page 2.

CoinsCoinsEverywhere

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Quote from: hajimasan on October 26, 2017, 08:09:10 AM

I don't think that we should wait for the future to start trading , Because every time we should look towards the perfect timing not the perfect day to start.
Here currently we can see that hardfork has been completed and we need now to start trading blindly .
Here the question is arise that which we should buy and which we should not .
Currently the price is high and I don't think that it will go to dump Because it is stable price looking much ( but may be can go to dump 100-200$ maximum which is not a big amount .
Currently best suggestion to buy the altcoin is bitcoin cash and bitcoin gold both .

Why do you think that bitcoin cash and bitcoin gold are good investments? Everything I've read from veteran bitcoiners says that they immediately dumped/will dump everything they have of both of these because they're basically worthless. Neither was created with the consent/approval of the broader community, and with how similar they are to bitcoin (and inferior in some ways), it sounds like there's virtually no chance that they will ever be competitive with the original bitcoin.

cryptobali

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Exchange are tied to the countries or not

hajimasan

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Quote from: Coffee2015 on October 22, 2017, 11:22:21 PM

It is a good time for Crypto Land, we are on the moon,.... and even better.
When we have to sell Bitcoin and buy Altcoin?
Forking makes your Bitcoin higher,
so I can sell it.

These extra money can be used to buy (cheap) altcoins,... anyone has suggestion when do I have to start to buy it?

I don't think that we should wait for the future to start trading , Because every time we should look towards the perfect timing not the perfect day to start.
Here currently we can see that hardfork has been completed and we need now to start trading blindly .
Here the question is arise that which we should buy and which we should not .
Currently the price is high and I don't think that it will go to dump Because it is stable price looking much ( but may be can go to dump 100-200$ maximum which is not a big amount .
Currently best suggestion to buy the altcoin is bitcoin cash and bitcoin gold both .

CoinsCoinsEverywhere

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Quote from: Monnt on October 26, 2017, 07:43:14 AM

I guess only people who are not believing into the future of bitcoins may go for dumping bitcoins for securing altcoins. But in reality no alt can secure our future Shocked

There is something to be said for diversification. People certainly have the most confidence in bitcoin right now, but that means that it doesn't have the same explosive growth potential as alt coins (but of course it has less risk). Even some of the other big-name alts have good potential. Some people have even speculated that coins like Ethereum could catch up to bitcoin in price someday.

Monnt

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Quote from: h0lybyte on October 23, 2017, 03:11:19 AM

It is not definite that the price of bitcoin will decrease after fork. According to veteran traders, the market of bitcoin is speculated to touch $7000.
However, if you are still interested to sell some amount of bitcoin and want to buy altcoins, i would like to suggest some altcoins which have long term potential.
BAT,
OMG,
Waves,
EOS.
You can choose one or all for investments, hope those coins can help you

It is apparently not definite and honestly, from my own point of view, I do not see so many people dumping their BTC for alts knowing even the November Hard Fork is coming. I foresee people dumping their BTG and using it to buy alts anyway for profit but will not last long. We hopefully just wait and see how everything turns out.

I guess only people who are not believing into the future of bitcoins may go for dumping bitcoins for securing altcoins. But in reality no alt can secure our future Shocked

KennyR

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Altcoins too provide good profit with the growth that happens with time. Here the risk is big, because we have lots and lots of altcoins that need to be chosen for investment. Recently focusing fork lot users switched to altcoins for security reasons and now few could have got lucky to profit based on the choice of coin selection as altcoins have begun to grow in value.

Marahunter

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My strategy is simple, I do not want to watch the charts all day long. If you do not have a lot of money it is always going to be risky trying to multiply your investment jumping here and there. Therefore find a small coin and save and the rest is history.
I am in for the mid to long term. Therefore there are good entry points right now for the long term coins

Kevin77

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Quote from: junoreactor on October 23, 2017, 03:59:10 AM

In short you are "gambling" because no one can tell Bitcoin price will go down or go up after the fork. Don't be too greedy, whatever you decide to do, friendly advice Wink

I feel this is just the best advise anyone can give the OP. If the OP knows he cannot trade effectively and probably know the right time to buy into a coin, then he should not bother.
Now is good anyway, knowing most of the coins will get pumped back and as soon as a decent profit is realized, it is best to sell and wait for another dip. Being too greedy looking for a very high profit is what has caused most people to lose their coins.

haroldtee

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Quote from: ahtremblay on October 25, 2017, 11:56:08 PM

yes, that is the good time to buy Altcoin. Because 1 week ago, Altcoins price have fallen down because people sell altcoin to buy Bitcoin for hard folk.

The cloud is still not clear yet but since some coins have not really risen that much, it is still very good to buy them now with the hope of getting some profits before the next fork. It is normal with the altcoin markets, most are still not receiving that much attention yet as most traders do not want to go in too deep yet knowing that there is another upcoming fork.

wizmo

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Quote from: Coffee2015 on October 22, 2017, 11:22:21 PM

It is a good time for Crypto Land, we are on the moon,.... and even better.
When we have to sell Bitcoin and buy Altcoin?
Forking makes your Bitcoin higher,
so I can sell it.

These extra money can be used to buy (cheap) altcoins,... anyone has suggestion when do I have to start to buy it?

Currently buying altcoins is a good idea as everyone thinking that bitcoin price will drop and altcoins will rise. There are some altcoins which are highly profitable to hold if you are planning to hold it for long term then invest in ETH, Waves and XRP as these coins are great for holding long term.

Victorycoin

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Quote from: Blitzboy on October 25, 2017, 05:32:06 PM

Quote from: Victorycoin on October 25, 2017, 04:22:58 PM

Quote from: ?? on ??

Quote from: Coffee2015 on October 22, 2017, 11:22:21 PM

It is a good time for Crypto Land, we are on the moon,.... and even better.
When we have to sell Bitcoin and buy Altcoin?
Forking makes your Bitcoin higher,
so I can sell it.

These extra money can be used to buy (cheap) altcoins,... anyone has suggestion when do I have to start to buy it?

After the forking, there's a high chance that bitcoin price will drop for a while and altcoins will rise up. I think there's no risk on selling your bitcoin now since its price is high now. And yes, it is also an ideal thing to buy altcoins now while their prices are still low. I recommend you to sell a part of the bitcoin that you have. Then after selling them, buy altcoins at low price but high market cap. You can check these coins at coinmarketcap.com. Altcoins at top 20 or 30 in market cap ranking are preferable. These includes litecoins and ripples. But take note that altcoins are best for a long term investment, so don't expect that after the bitcoin forking, these altcoins' prices will go up immediately. It usually takes some months for them to recover, especially that another bitcoin forking is expected to happen in November.

Everything you said was a hammer to the head of a nail except those in bold, altcoins are more apt for speculation and their relatively low capitalization, creates room for manipulations, so they hardly worth the while as long term investments..

We can see that most almost all altcoins made some recovery after the split, but the market generally is anticipating Segwit2x (B2X) so the market for altcoins would most likely be ranging as most traders would prefer to still hodl Bitcoin to collect B2X airdrop.

They will soon buy bitcoin a few day before the hard fork occurs. People do really want to collect free coin in this event and they do not give a damn care about the technology or what has changed in the bitcoin blockchain. Well, we have to follow the people if we want to earn money. However, after the hard fork, there will be an extremely big date since we can not know whether bitcoin is bitcoin or b2x is bitcoin

lf we were expecting a major correction in the price of Bitcoin, I think we're going to have to wait till the November hard fork. Until then more buying pressure on Bitcoin should be expected, that is the bias of the community and so we might see price attempting the $7000 mark before then.

CoinsCoinsEverywhere

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Given the recent drop in alt coins, this does seem like a decent time to buy. But be choosey. Don't just buy an alt coin because it dropped 20% or 50% or even 90%. Look at historical price ranges for where a coin's price has bottomed in the past. Check out the latest news on the coin. If it looks cheap compared to where it's bounced before, and if it has news going for it, now might be a great time to buy. Otherwise, be careful since the next fork in a few weeks could cause another drop in alt coin prices.

ahtremblay

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yes, that is the good time to buy Altcoin. Because 1 week ago, Altcoins price have fallen down because people sell altcoin to buy Bitcoin for hard folk.

Blitzboy

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Quote from: Victorycoin on October 25, 2017, 04:22:58 PM

Quote from: ?? on ??

Quote from: Coffee2015 on October 22, 2017, 11:22:21 PM

It is a good time for Crypto Land, we are on the moon,.... and even better.
When we have to sell Bitcoin and buy Altcoin?
Forking makes your Bitcoin higher,
so I can sell it.

These extra money can be used to buy (cheap) altcoins,... anyone has suggestion when do I have to start to buy it?

After the forking, there's a high chance that bitcoin price will drop for a while and altcoins will rise up. I think there's no risk on selling your bitcoin now since its price is high now. And yes, it is also an ideal thing to buy altcoins now while their prices are still low. I recommend you to sell a part of the bitcoin that you have. Then after selling them, buy altcoins at low price but high market cap. You can check these coins at coinmarketcap.com. Altcoins at top 20 or 30 in market cap ranking are preferable. These includes litecoins and ripples. But take note that altcoins are best for a long term investment, so don't expect that after the bitcoin forking, these altcoins' prices will go up immediately. It usually takes some months for them to recover, especially that another bitcoin forking is expected to happen in November.

Everything you said was a hammer to the head of a nail except those in bold, altcoins are more apt for speculation and their relatively low capitalization, creates room for manipulations, so they hardly worth the while as long term investments..

We can see that most almost all altcoins made some recovery after the split, but the market generally is anticipating Segwit2x (B2X) so the market for altcoins would most likely be ranging as most traders would prefer to still hodl Bitcoin to collect B2X airdrop.

They will soon buy bitcoin a few day before the hard fork occurs. People do really want to collect free coin in this event and they do not give a damn care about the technology or what has changed in the bitcoin blockchain. Well, we have to follow the people if we want to earn money. However, after the hard fork, there will be an extremely big date since we can not know whether bitcoin is bitcoin or b2x is bitcoin

Victorycoin

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Quote from: ?? on ??

Quote from: Coffee2015 on October 22, 2017, 11:22:21 PM

It is a good time for Crypto Land, we are on the moon,.... and even better.
When we have to sell Bitcoin and buy Altcoin?
Forking makes your Bitcoin higher,
so I can sell it.

These extra money can be used to buy (cheap) altcoins,... anyone has suggestion when do I have to start to buy it?

After the forking, there's a high chance that bitcoin price will drop for a while and altcoins will rise up. I think there's no risk on selling your bitcoin now since its price is high now. And yes, it is also an ideal thing to buy altcoins now while their prices are still low. I recommend you to sell a part of the bitcoin that you have. Then after selling them, buy altcoins at low price but high market cap. You can check these coins at coinmarketcap.com. Altcoins at top 20 or 30 in market cap ranking are preferable. These includes litecoins and ripples. But take note that altcoins are best for a long term investment, so don't expect that after the bitcoin forking, these altcoins' prices will go up immediately. It usually takes some months for them to recover, especially that another bitcoin forking is expected to happen in November.

Everything you said was a hammer to the head of a nail except those in bold, altcoins are more apt for speculation and their relatively low capitalization, creates room for manipulations, so they hardly worth the while as long term investments..

We can see that most almost all altcoins made some recovery after the split, but the market generally is anticipating Segwit2x (B2X) so the market for altcoins would most likely be ranging as most traders would prefer to still hodl Bitcoin to collect B2X airdrop.

Bridg3Wat3r

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Quote from: junoreactor on October 23, 2017, 03:59:10 AM

In short you are "gambling" because no one can tell Bitcoin price will go down or go up after the fork. Don't be too greedy, whatever you decide to do, friendly advice Wink

By the way,
This one thread is a real choice to read for newbie.

I sold some of BTC,
I bought altcoins, it s okay.

But I still keep some just in case there s a more chooce,
Bitcoin seems slso to seek new support,
Some for altcoin
Some for BTC dip

JOSE2014

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Quote from: raven7886 on October 25, 2017, 08:25:46 AM

Quote from: RayDali0 on October 23, 2017, 02:41:19 AM

Quote from: hamamelis on October 23, 2017, 01:38:33 AM

There is an opinion that altcoin should be bought when important news comes out about it, and during this time of the pump the altcoin should be sold.

Cool if you share more,
Do you have any advise which coin that ll be updated soon?

I am curios to nominate it?

So it is better to sell some and buy altcoins,
Buying which one is that coin with more update?
I am looking further

No one can tell you which coin to buy at an exact point in time, you just have to watch closely yourself and make those decisions on which one you are purchasing based on the value at that point and the possibility of it increasing in value in a shortwhile. As good as you can make profit from altcoins is the same way you can lose badly when they get dumped. So you have to just stay smart.

Bitcoin prices is low. Now altcoin is increases prices. Today altcoin is best to use. But bitcoin will be increase next time. Nowadays altcoin is prices incenses. altcoin is incress day by day and improve your self. Altcoin is help to start the mining process. So it good to use. Bitcoin is also give the more information for the mining process. Bitcoin good to improve your self and what you need information it will give to you. Both of good but process will be change any time.

raven7886

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Quote from: RayDali0 on October 23, 2017, 02:41:19 AM

Quote from: hamamelis on October 23, 2017, 01:38:33 AM

There is an opinion that altcoin should be bought when important news comes out about it, and during this time of the pump the altcoin should be sold.

Cool if you share more,
Do you have any advise which coin that ll be updated soon?

I am curios to nominate it?

So it is better to sell some and buy altcoins,
Buying which one is that coin with more update?
I am looking further

No one can tell you which coin to buy at an exact point in time, you just have to watch closely yourself and make those decisions on which one you are purchasing based on the value at that point and the possibility of it increasing in value in a shortwhile. As good as you can make profit from altcoins is the same way you can lose badly when they get dumped. So you have to just stay smart.

beerlover

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Quote from: Coffee2015 on October 22, 2017, 11:22:21 PM

It is a good time for Crypto Land, we are on the moon,.... and even better.
When we have to sell Bitcoin and buy Altcoin?
Forking makes your Bitcoin higher,
so I can sell it.

These extra money can be used to buy (cheap) altcoins,... anyone has suggestion when do I have to start to buy it?

Well, if you can find yourself some pretty good altcoin, you can just hold some of them a little while you still have your bitcoin for the fork. However, even though we do not know how fast most of these altcoins are going to get pumped, I would advise you wait a little until after the fork and quickly buy some and then see how events turn out while you cash out profit.

Do not get too greedy though, no matter how little you get, dump it and wait for the next fork cause I still perceive some more bleeding before then.

Landagert

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Quote from: rjbtc2017 on October 25, 2017, 04:26:15 AM

Quote from: Coffee2015 on October 22, 2017, 11:22:21 PM

It is a good time for Crypto Land, we are on the moon,.... and even better.
When we have to sell Bitcoin and buy Altcoin?
Forking makes your Bitcoin higher,
so I can sell it.

These extra money can be used to buy (cheap) altcoins,... anyone has suggestion when do I have to start to buy it?

I think you should wait a little more since November fork is not yet finished ( obviously) but you can get the opportunity to buy waves while it's price is very low. "Forking makes your Bitcoin higher" ? Maybe before forking but as what we can see bitcoin dipped after the fork.

Yeah i agree.

You should wait just before the fork happen. If not, it wont be worth the time and thought.

Topic: Tricky Question, Sell BTC and buy Altcoin? - page 2. (Read 2236 times)