Bitcoin Forum

With the upcoming bitcoin fork and the so called "dividend" that will be received thru bitcoin gold the price of BTC is on the rise. I am considering selling all my altcoins, even at a loss, so that i can buy more of them once bitcoin's price rises up higher.

What are your thoughts on this? Would this be a good strategy?

That was a good idea sir, we should sell all alts now because there is a coming fork. As I read in the news, if we have a bitcoin it will be doubled after the hardfork.

you ARE at a loss! no matter which altcon you had invested in, and no matter at which price you bought them, all of them have been falling for the past coupe of days meaning you lost quite a bit of profit and we are talking about big drops of 10%-20% each day and even as big as half the price going up in flames not just small 1-2% drops.

which means you should have sold, no matter what the future plans of you are.

WoaH! thats a bad idea for selling your coins at the cheapest price since you would lose your capital on it and you cannot assure that you can even earn with Bitcoin Gold and maybe the best thing to do is to hold that alts for a while and try to seek for a capital to stake with btc for the upcoming fork so you wouldn't feel sorry by the time your alts will outrage and pump more harder.

Yes, i agree, its a good strategy. There is a very high probability, that alts will continue to fall

Are you sure the price of your altcoins are not on the bottom? If they are it would be better for you to keep holding them. You should have thought about this a month ago when the prices were not that bad.

There is only one problem with this strategy. That is everybody has the same strategy. What does this mean?

1. Bitcoin price will become overvalued and ALT's under valued.
2. As soon as Bitcoin gold is released there will be a rush on the ALT's again.

Will Bitcoin Gold be as valuable as everyone is speculating?

Everybody is following the same strategy however.

A clever strategy maybe to buy up all the really undervalued ALT's by selling your over-valued bitcoin.

Just a thought.

It  is too late to do something like that now. Better hold on your investments in alt coins, because i think that this downhill in alt coin prices will stop. After the fork, yes btc price will rise, but after a while most of the alt coins will rise too. Bitcoin whales will be with great monetary power in their hands and be sure that they will use it. I mean that having assets in BTC will make somebody able to buy after the fork a lot of some alt coin, more than he can do now. So, be sure to expect more pump and dumps, more price fluctuation,and possibly higher prices in alt coins.

Alts have dropped too much to think about doing this now. You probably have to ride the wave with what you have.

This is a very good idea you have and I have been thinking along this ways since last night and this your thoughts confirm what I was thinking. Bitcoin will keep on raising and after sigwith2x we would have altcoins been pumping again as those that will like to take profit will likely convert there bitcoin to altcoins

It depends on your diversity.

Considering Bitcoin Gold will have similar price like Bitcoin Cash - so about 10% of Bitcoin's value - your Profit from Bitcoin Gold will be 10% if you sold all your alts. Since most alts are down more than 10% right now, you will probably be at loss. Also, don't Forget that the alts will rise again after fork, so to my mind now is the best time to buy alts, not BTC.

Also, i don't think that Bitcoin Gold will get much Reputation nor Support by the exchanges.

When you believe that coin still have a potential to recover then better hold to it. It's veey much possible that alts can recover as long as the project is still in development process.

 
If you have cut your losses at 5% it would have been a sound strategy. Cut losses then buy at bottom price. But if you were still contemplating by the time you posted this its already too late. It seems to have stopped falling for now but who knows. Just hold.  at least if bitcoin gold turns out to be shitcoins it's a good thing you diversified.

But no one can tell you what the bottom price so it is not good to sell all instead you can buy more when prices go down to average down your prices.

Just don't miss your opportunities on other altcoins. BitcoinGold can be bought so why you have to sell all your altcoins into Bitcoin to just receive some BitcoinGold when you're loss at altcoins. In my opinion it's not a good stragedy at all. Just gather at much Bitcoin as you can. Don't sell your altcoins.

No. That's not a good idea. If you bought $100 worth of NEO and sell at below Buy price and you get $70 worth of BTC. You lost 30%. Since you are now holding BTC, you need BTC to climb up to 50% (50% of $70 = $35). At today's BTC rate, which is example $4,800, that means BTC needs to reach $7,200 so that you gain back that $105. Math gurus out there, please correct me if my computation is wrong.

since altcoins are going down, I think it is pretty obvious that you should have sold your coins and kept out of the altcoin market until the prices reach the bottom and start showing any signs of recovery before you re-enter the market.

also this is not because of the upcoming fork(s) though. it is a general suggestion that you always sell before the altcoin dumps start. right now the altcoin dump is intensified only because of bitcoin price rising. if there were no rise in bitcoin price, the dumps in altcoins still would have happened but they may have been smaller then.

Now is the best time to buy bitcoin as the buying momentum is very high. Many traders are converting there altcoins currently because of the fort coming hardfork issue. Though bitcoin gold is not as popular as when we have the last splitting. I will advise you to be ready to buy more altcoins in days to come as fund will flow back to altcoins markets. This is the circle of this market, we should also expect bitcoin to cross $5000 before the end of this week as the market is now in it favor.

Buying bitcoins with this heavy rising is not a good idea in my opinion. Are you sure that Btc gold's value will be enough to cover what you are spending at the moment? Don't think so. Just my opinion of course

I think that's what the majority of people are doing. They are selling their alts to buy more bitcoin and get more bgold. During the ride they are also benefiting from rise in the price of bitcoin itself, so I think it's always a win for them, even if the bgold comes out with no real value. When bgold comes out, they will probably just sell it, and start buyin back some of their favorite alts again, or just more BTC, if it continues to rise.

with the bitcoin price is increase, altcoin will be down but for me, i don't think that to sell all alts could be a solution because our bitcoin is reduce too much and although if we sell our btc we can make profit too. but still for me, i don't sell all my alts but if i see some of my altcoin can give me a profit even for small profit, i think i will sell it so i can hold btc and waiting the high price again. i think when the altcoin is down, we can buy it again and still waiting the price is up again and gladly i can buy at low price for almost all of my coins so if i sell it now, i still can make profit  ;D

I would agree to this. You want to sell your alts now then buy back again? I don't think it's a good idea, I suggest don't touch your coins and stay it on your wallet. You could just lose profit if you sell then buy back, and there's a small chance of getting good price again. Don't risk your alts just because you want to ride the waves.

you should not need to sell your altcoin, if you sell it you will get a loss, you just hold your coin course price will back up, so my strategy is only hold until the price back up.

It would be a good idea to sell the alts now. Look at the alt market caps. There are a total of 11 alts with a market cap of over $1 billion. And another 47 with a market cap of over $100 million. I don't think that there is anything to justify this inflated market caps. They are not accepted as currency anywhere and they don't have a large number of users.

with great gain comes great loss.

I often sell to buy back, but the margin of profit doesn't always workout in my favour.

ive been stung 1-2 times on a fast moving ship.

That's a well known good strategy brother. Don't worry about the others who say its a loss. They probably don't know how trading works.
If You believe that the coin you invested in has a good potential and it will fall further to rise back later then it's probably the best thing to sell it now to buy back at a cheaper price. To be logical even that's considered as a profit. But be careful as to which coin you are investing in because if it doesn't have the potential to rise up then you are doomed.

If you really want to get a lot of free bitcoin gold then you should sold your altcoin right away and moved to bitcoin. Bitcoin suddenly on a slid today, so its a good entry point. And since you are on the negative side, much better to exit the altcoin section while you can, otherwise you will be really trap and soon will just sell to covered all your losses. So I would advise you to go out of altcoins then transfer all of it into bitcoin, get your free bitcoin then decide whether you want to invest it to altcoin or just stick to the reliable bitcoin market.

I think if you want to do this then you have to know the market analysis and be predictable at altcoin up and  altcoin down, this is really hard because all altcoin now depends a lot on the Bitcoin price

I think it is a good way to do. When you are starting in trading you should do this in order for you to make more coins to be trade. So buy altcoins sell it and buy again more cheaper altcoins then sell it again. Thats how trading work.

I would not support your idea. I know that this is the current thing going on in the market and that some youtube pump and dump groups are doing this. I am not going to name anyone here but my suggestion in trading is to do the unexpected and ride the opposite wave. Once the fork in complete people are going to dump all the new altcoin from bitcoin along with buying of the altcoins that they had sold away for bitcoin.

Hence there will be a rise in the price of altcoins after the fork. This is the moment that the whales will sell some altcoins and make profits. If you are sensible then I suggest you not to sell all your altcoins but to sell them after the pump happens after the fork.

You are doing it right. Holding is stupidity. Look I bought Siacoin at 600 sats now its 100 or in 90 sats? They said Hold, but look I lose 500%
Rule of the thumb, if theres an upcoming price rally for BTC. Sell all your alts, and expect a huge dumps everyday.

 Once Bitcoin reached the top, sell all your BTC to USDT. Or you can play swing trading with alts.

when people normally say hold, they refer it to holding bitcoin, and not alts, or at least no the shitty ones that their only purpose is to get pumped and dumped. If you go after those coins, then I say trade them to the best of your ability because that's why they are here for. When it comes to bitcoin, I think its completely different, or it should be if you see bitcoin as a future decentralized currency. Is you just see it as a trading asset, and as a way of getting profit, then go ahead and buy and sell.
I want to use bitcoin as an decentralized global currency, and for that I want stability in it's price, and that's why I prefer to buy and hold. But again, I only say that for bitcoin, and not other coins.

If you are going to sell all your alts now than you are most likely to sell them at a loss as their prices are down and then even if you bought bitcoins which are at $4800 which is high, just to get more free Bitcoin gold after the fork or so called dividend then you better pray that bitcoins price increase like anything to cover up your loss.so I think that it's better to wait and watch.I think it's too risky.

I've sold most of mine earlier already, but I don't think that it's too late to start selling them now.
Especially with the upcoming fork, people will be looking to sell their altcoins for Bitcoin to get their free Bitcoin Gold.

There are a few exceptions for me though, I'm still holding on to my Ripple for example.

check the market price first of alts if its in below their peak price. Im thinking the same thing because this time fork will give a big impact to the crypto nation. Buying bitcoin today will give you a free bitcoin gold after fork. That will be a nice profit if ever.

SOrry for asking this newbie question.

If i am buying some bitcoins, how do i get those BTC gold ?
Do i have to keep those BTC on a specific wallet or kraken ?

I'm not sure it would be a great idea because if your altcoins now are on the lowest and selling them would mean you will buy them again once you've profited from the split you also can't be too sure if the altcoins price you'll buy in will be the same price as it is now. I would prefer holding on to those altcoins for a couple more years and if you have a spare amount of money then invest in Bitcoin because eventually you'll get a free coin after the fork.

I do swing trading, and I do not have loyalty to a certain coin. I would surely dump BTC when it reached the top, while holding the USDT. I would keep an eye with the price flow, waiting for the right moment to REBUY the BTC at the dip. This time for a greater number of BTC.

There are so many good news for the ones who are having bitcoin in the coming November. So it is very good option to buy not only your altcoins but other coins as well and buy as many bitcoins as you can for having a very good profit by the end of 2017. There are very much chances that the market price of bitcoin will reach to its maximum limit by the end of this year.

because segwit I think people will sell altcoin to buy bitcoin. so price will fall down

I don't see that the upcoming BCG will likely have the same price when BCH arrived. The hype for those who want BCG is growing everyday resulting for more holders. Because of that, once BCG became available now for trades, expect only a short period and eventually it will crashed unlike in BCH that after such dump, it recovers due to some intentional hypes.

I don't have any strategy for the upcoming fork and will just do my usual way. And besides, most of my bitcoins are on Electrum so I will still get some portions of BCG.

Exactly there are some news coming that explaining the hard forks are coming ahead. Sure if it just comes true, everyone who have any altcoin could fell in loss factory and their dreams would be just broke. So better is to trade all your altcoins with bitcoins so that when the revival comes, bitcoin could stand more firm than altcoins and you will have profits only.

Is that true? Because as I've know, there would be a split of the price. Depend on what will happen. It will double, or it will split. Which we all don't know exactly what will happen, so we need to be more observant.

That works for me well especially this time because alts is bleeding and maybe a month before we ever see good progress,

It depends to you if you want to sell your altcoins and invest to the bitcoin but we dont know what actually happen to the price of bitcoin after fork this month but I hope it will have good result. But if you can prevent selling altcoin its better because altcoins also gives you high profit . Because if the price of bitcoin increase they have altcoins or other altcoins for sure will increase also. Altcoin and bitcoin gives you more profit.

Yes they are at reciprocal to one another. There is a dip in bitcoin and you will see the pump in altcoin price and vice versa. Actually altcoins don’t work better when we talk about the rehabilitation after a dip. As bitcoin just jump up after going down, altcoins don’t behave like it. But still it is quite better to sell altcoins to buy bitcoins.

Its not going to be doubled since there probably would be a split like what happened to bitcoin cash. If you have btc stored in a wallet that would support bitcoin gold, as what it's perceived to be, then you'll receive that equivalent to the amoubt of bitcoin you have stored.

Looks like many people sell their altcoins for bitcoins and the price of the bitcoins go down. I think that after the hard fork the altcoins will recover.

Selling altcoins if planning to buy them again in future is a good decision but I think, it will be much better to hold on to them. However, selling out any crypto coin in order to get bitcoin can prove to be beneficial for future. Bitcoin is rising up and people are talking about the November fork. Many are planning to buy bitcoin before that because everyone is expecting a large pump.

You are a newbie, so it is normal to ask such questions. It is important you move your coin to a wallet you can control the private keys and claim your funds after the fork once the coast is clear. However, for a newbie, this might still be some hard task for you to do most especially when it involves your private key which security is very essential for it as you can miss all your funds if you keep it carelessly.

Nevertheless, some of the exchanges will let you know if they will be supporting the new chain, so obviously, they will give you the other chain once it forks. I dont know about kraken, but bittrex did that and some other exchanges during the last fork including some wallets as well. Just do your findings and see if it is possible, otherwise look for a better way to keep your wallet. All thesame, keeping your funds in a wallet that you can control your funds is very important. If you can download exodus or electrum, you should be fine as they are decentralized wallets and will guide you on how to claim your forked coin once it arrives.

Yes Sir.. It's Good Strategy, now we see bitcoin price increasing day by day but in other site altcoin price drop day by day. because Next November the new bitcoin hardfrok  coming for that every on wants to more profit from here.

Every on sell altcoin and buy bitcoin to get bitcoin hardfrok.. After coming Hardfrok you can buy atlcoin more cheaper.


Thank you.

I am not sure if that will really works, yes bitcoin is in positive position that its price will surely increase.
But you can't make sure that altcoins will continue to drop its price so for me I think you should choose the best approach that you will not regret. Goodluck OP.

The idea is correct but the difficulty is timing it appropriately. You need to ensure that you can buy your alts at a later date for a lower price, I could be wrong but I think they are nearing rock bottom now and will begin to recover.

Well Im pretty sure its too late to sell your alts now...selling them now I consider very bad move

Of course this has always been a trading strategy in cryptocurrency but it may not really work out this time because of the after effect of the Bitcoin fork. Mark my word, the dumping of Bitcoin immediately after the fork will likely strengthen the altcoins and not weaken them. So, I advise you still keep your losing altcoins while you may sell off only those in profit.

You selling your alt to buy cheaper doesnt necessarily mean you will win, if you are selling at a loss then first check the intensity of the loss if its something you can bear incase the price of alt later refuse to rise to compliment your loss. Thats only if you are sure the % rise of alts will be great to give you enough profit. Personally i dont recommend that but it can pay you well if you play your cards well. Cheers

What are my thoughts on this? it is the same mentality people have on this market, including myself, this is the very ugly problem when a single coin is the leader above all the great other coins, alts are highly undervalued since they have great projects and an even amazing team behind them trying to put something real into work ( I am only talking about the best altcoins), if a single coin is the leader the market is shit, the market is corrupt and is only profitable for people wanting more money and more power.

Alts are down because of BTC. Once Bitcoin becomes stable alts will go up. Do not sell in loss.

Buy low and sell high, not buy low and sell low. Dumping your alts while you're at a a loss is just silly imo, with all this new liquidity from bitcoin altcoins will get pumped soon. Just wait your turn .

never a good idea to sell for a lost in my opinion .IF you think the altcoin are goods and have potential hold then .

Selling altcoins now to buy cheaper is the same in selling low buy lower. That is one of my strategy in trading that helps me a lot because when i saw that the market is going into a bearish market then i am already preparing for selling my altcoins and just waiting for the price of altcoins to go even lower so i can buy at a cheaper rate and get more quantities.

That s a good idea.
Sell all BTC, start to get in.

I think Altcoin ll jump too, not quite sure to start to buy it.
All time highest ll be made by every coins probably.

But if someone sells out his altcoins for just two weeks before the November fork, then this deal should work fine. Also, if not all then selling out at least half amount of altcoins for the sake of bitcoin would not be a bad move. Unlike you, I have full trust in the potential of bitcoin and by watching its past survival plus the present performance, we can say that every dump is basically a symbol of big pump.

It's not a good idea to sell altcoins right now due to the prices are dropping. If i were on your shoes I will just hold my coins and if i have extra cash in hand i would buy more altcoins. I am pretty sure that after the fork altcoins will recover and there will be a pullback in bitcoins price. As of the moment we are not sure how much Bitcoin gold is.

This is actually what i am doing. It is still your decision and still your strategy how you could earn more profit.

Many people does that because of it dumping so much and BTC have an very bullish chart which can be great for people but actually alts loosing price but ETH and XRP are going to rise if BTC dump.

i think it is not good idea because bit coin and alt coin has more demand present. so you just keep hold it otherwise you need to face more problems. so my suggestion is keep bit coin and alt coins with you don't sell it is. in the future it has more booming. not only bit coin present alt coins also has good demand so you just try to keep it hold.seriously in the future it's price may goes increase.

As bitcoin even altcoins are also bumps up all the time along with bitcoin whenever bitcoin raises, there are many coins in altcoins list still there are many people investing into ICO token sale purchases and buying top altcoins.  Last time in August 1st we all trolls the bitcoin price dump in the time it happened but now we all supporting bitcoin. Block size may not increases like last time. Please be careful in the time next hard fork like last time.

I think it depends on what profits in alts a person had already made. I mean if you bought it at $1, it raised to $5 and now dropped to $3, you can sell it all and you don't lose anything, you may only regret that if you had sold it couple of days earlier you would get more, but it's still more then you had invested so it's good for you. Then you go all in for bitcoin, then sell both bitcoin and the fork and buy your altcoin probably for $4, but with a lot of people dumping bitcoin you can expect it to get to $6 so you are still profiting. Quite risky, but I think the situation in that case is predictable enough to know that now the altcoins are low, but they will skyrocket after the fork and bitcoin will be dumped at least to some extend.

Is that a good strategy? If I sell my altcoins today I'll be losing about 0.006 btc on my investment it could be a big loss for me because I have small investment on trading. But if I can recover on your idea I will gamble on it.

I think that selling all the altcoins is good at this moment because the btc  hardfork will be on 25th.

I think it's a good strategy, but there's no guarantee that the price of altcoins will fall lower when the bitcoin price is high, if you want to take that risk your profits may be great.

That's a very bad strategy, I think you should reconsider it, its never a good idea to sell at loss. You are not even aware how much will bitcoin gold be worth. If you decide to sell now, how to do you intend to recover all the loss. I would advice you to hold onto your altcoins and wait for their values to recover and then you will sell.

I agree with your post.
Though one has to keep in mind that the risk of selling at a loss is bigger than hodling or swing trading. (Given that the coin is not shitcoin and so does not die)

Sold some alts myself, to get more when they stop their downtrend.

Its never been good idea to sell all altcoins for only purpose of hardfork keep them because they can give you some better return of investment because they are going to bounce back in near future its just matter of time don't do panic sell and bring yourself in big profit

The ball is in your court but at this stage, I feel it is too late already for anyone holding their alts right now. The time to sell them have passed and if you are selling now, you are absolutely selling for a huge loss. Unless you know that you are holding some shitty coins with very low chances of recovering quickly after the fork, then I would not suggest you sell them.

They would be bought back and you will still have you win and still get the little share of the BCG from the BTC you are holding. However, like I said, the choice is all yours.

Regarding on this kind of trade habit i would say it would be a bad idea because potential profits would be only breakeven on the amount you did lose on selling those alts too early.I would rather hold up and if i do have the money i would even more buy cheaper altcoins because if the fork event would be over for sure people would really go back on alts.

That is where the whole decision should be based on right now. No one knows what the BCG value will be once it arrives and it might be terribly little compared to the loss so many people will end up having if they sell their alts at this time now when the dump has been huge for days. However, no one will ever know so to be on the safer side, I feel holding at this stage is just the best decision to make. At this rate though, it is still uncertain how far the alts will keep going down but to me this would only be a lesson to learn.

Most of Altcoin when it goes down it will bounce back upward eventually, even though it will most likely takes some days

It is a very good strategy and I do believe that most of the big traders are currently doing this. Most of the altcoins are currently about half discount and this creates a very big opportunities to get them at a very cheap prices. I have been trading them for a very long time and I  think bitcoin has given them a lot of gap and buying them after bitcoin is at over bought will make you a lot of profits than expected. Ethereum is now picking up little by little as traders who bought bitcoin cheap has started taking profits.

Bitcoin price is not going down, it actually has a good amount right now, and it rises and continues to rise, so I think it is not a bad idea to sell altcoins to bitcoins. Bitcoin is also a good investment and it has a good future since we are just expected $5000 this Month and it just boost into $5600 price. So I guess it will also reach $6000 by this year. So let us hope and just be patient even hard fork will come. For sure it will still recover after the hard fork.

I dont like to sell all my altcoins in a cheaper price and exchange it to bitcoin,all i can do is to hoard all of my stocks altcoins and patienly  waiiting the time that the value of  my alternating coins will increase,for me patience is a virtue, i wanna use my instinct in terms of selling or trading.

I think this is only appropriate if the price of Bitcoin is rising and if the altcoin is really potential then you should sell half and buy again when the price is lower. I always do that and limit the risk of investing in altcoin

Not every altcoin is highly potential to profit the users who have invested into it. Eliminating the risk of investing into bitcoin is possible by researching and finding the potential altcoin. Else the user needs the patience to keep hold of the coin buying low and for years. This will help with a profiting through trading.

I don't think you should do that, it's very risky, I would hold for now and wait the end of the fork

I find your strategy a good idea, because I can see the good calculation the possiblity of, if the price or value of bitcoin increases then the value of non btc or alt coin will going tl drop down, that is how crypto balances the circulation of money in this industry. But I think it is  ool if you both put money into.alt coin and some into bitcoin because I can see the win win price and profit from it.

Could be a good move, depends on what you are holding.  There will no doubt be a lot of people doing the same thing so the price of alts could go down a good bit ahead of the fork so this might be a good strategy, myself I am just going to hold on to what I have just in case :)

yes its really risky who knows when alts will bounce back even btc are showing some downfall we aren't sure when is the timing to hold or sell
our alts its better to keep them on hold instead of trying to sell and rebuy.

I'm not sure if this is a good idea, but i did same. It is really risky, but i have feeling that this way i will earn more. I was lucky that i didn't lose much by selling my alt coins, you shouldn't sell alt coins for terrible price, you aren't forced to sell all of them.

It will be a good strategy for me but its up to your own strategy, follow your feels or guts because at the end of the day it was your money who will be at risk. If your main point is to get some bitcoin gold as you are holding more bitcoin before the fork then its a good move. If you have more risk = more gain of course!

We cant still be sure if the price would stabilize or consider this 5k range to be the new floor of bitcoins price which i do really believe that price would somehow correct after the fork event.Its not really bad to accumulate bitcoin by selling altcoins but we must be sure we are not on negative side.Its better to hold them than to risk on selling them on loss.

holding it can be a good way but it will only depends if we don't need to sell it for different matters,  so if plan for long term investment then be it

A clever idea now would be, hold the altcoins you have now or sell them to buy bitcoins. The value has really raised high now. Other altcoins growth is good as per coinmarketcap.com.

You know what? I am gathering the same idea. LOL. But I rely more on alternative coins rather than that bitcoin fork. For example, you only have less than 1 btc, for example you have .1 btc out of alts. Well it is not worth switching to btc. What would be your profit if we say that the price of one BTG is 300 usd? Your gain is only 30 usd? Is that enough for you? What I am saying now is to hodl altcoins.

This would be in your benefit, if you are shifting your investment from the unreliable altcoins to the most reliable crypto i.e Bitcoin. Altcoins will likely to dump if the price of Bitcoin will continue to rise more and more. Don't wait to buy Bitcoins just do it as soon as possible before the price elevation, you will never regret on your decision.

This is what exactly most of the traders do in order to gain more profit, they buy the coins at cheaper rates and sell them once the market is high. It is just like that of stock, buying at low rates and selling at higher rates. This is actually a very technical kind of thing and you need to make your decisions very much wisely. Only then you can earn good amount of profit.

Maybe, but we are still unsure of what is ahead of use. Rumors are rumors ang prediction are prediction. Maybe it's safer to sell alts in a price that is higher than the cost you have bought them. So profits will stay as profits. I know that risking for a better profit is a goal but when it comes to deciding, and you can have both, I think it's better to wait and sell at high price. That's a sure earn.

It's a good strategy, but I do not recommend to sell at loss as most altcoins prices seems declining during bitcoin rally.
Bitcoin new ATH set at over $5900 on OKCoin back in few days ago, and bitcoin price still struggle to reach $6K, maybe this week, put all of your funds in it then you will get more profits obviously. On the other hand, you can make more profit with buy back more altcoins after bitcoin reach its peak.

Yes is always there in all types of trading but you need to take the risk if you want to make money.

That sounds a good plan but if you sell your altcoins even at a loss is quite not good. So do you have more investment in altcoins which is equivalent to bitcoin cash?

Just do some analysis on altcoins which may regain its value back after a hard fork. I would suggest if you can sell only some part of altcoins and invest those income in bitcoin or in upcoming bitcoin gold. So that you can manage your holdings and earn something at the same time.

I think that is a good plan for now, " devidend " will make altcoin price action falling down and we must prepare for that. Sell all altcoin and replace it into bitcoin or currency will protect our asset. Wait and see the price again and wait to buy another coins for investing or trading. Nice move and will make us no panic sell and also give time to analyze what should we do if this moment happen again. Thank you.

Well I think its not a good idea either as selling even at lost then just buy back.
Yeah bitcoin is a great asset ever and you can at least profited but if you just want to sell your alts just to have a bitcoin gold then think twice. Just don't touch your alts and leave it besides you can buy bitcoin gold when it's already in the market.

it is not a bad idea, but there are some things you should consider first, in that way, you can lose a large amount of profits that you can earn by holding hold of potential coin alt, and you can lose a large amount of capital that you've saved it in alt coin, and selling it for a low price, that's some risk that might happen, but if we can manage it well I think why not try it, bitcoin is currently in very good growth and bitcoin value veryhigh, taking a bit of a risk to double profits

try not to sell/buy too much, reduce your selling and buying activities as much as possible. Try to take a decision and stick with it, there will be many other forks coming up, will you sell then all your ALTS to buy more BTC as well? That shouldn't be a reason. If you want to buy BTC do it because you believe in it, not because a fork is about to happen - that's just too much back and forth and you ain't going anywhere like that. If you have good alts be content holding them, if you have enough of sell them and buy BTC, but don't convert from one to another for "fork reasons" (unless you are against what the fork is implementing, which is unlikely, because forks generally improve protocol and the technology.

hard to tell market will go up or go down now. because it not worth if btg just like the same with bch

At the end, it still balls down to the coin being held. And I really like your strategy. If there are chances of the alts even getting lower, it is best to sell them now and buy back when they are pretty huge on dips and the profit will keep running back once they start getting pumped. Great one mate! This is one piece to take away.

I usually avoid trading alts but after come across your way of thinking, I come to a conclusion of why not give it a try in addition to my btc/usd trading.

It is always hard to tell indeed as we can only speculate. Still, with great strategies of making a whole lot from the situation at hand, there are ways you can make the best use of some of them. Alts now are really on the dip and most definitely if you have some potential alts now, you can get some pretty cool profit as well on them as much as the BCG value you will also get.

Well some altcoins have made names for themselves and wont affect from BTC price much. So its hard to consider which is a reliable altcoin and which is not. Holding btc will definitely give you more Btcg but selling altcoins for loss may not be a wise decision.

i think its a good idea to get ride of the shit coins that we hold so long

I think so, that is a brilliant idea that i must do or maybe i will still hold my alts and invest for another sets if investment while BTC is at the lower price.

believe that this strategy is futile. in my opinion, we need to wait for price adjustments in the market, and it definitely will happen after all bitcoin holders additional token. This is one of the extracted rules of trade

It is really not a bad idea most especially if you are holding some shitty coins. Some may take a very longer period to recover and that is not good.
The best thing is to sell those shitty coins, hope to get some little bitcoin to get the bitcoin gold equivalent of it and then buy some of the altcoins that can quickly get back up pretty fast after the fork.