Bitcoin Forum

Hello,
 didn't you ask yourself if it is not better to sell all of your low market cappitalization coins (mostly earned in bounty campaigns) and buy more Bitcoins?
Because I do not see any price progress in these altcoins,  like in 2017 bull market when all of these tokens were highly valuable and could make 1000% anytime.
Now most of them seems like dead. And I am asking myself: Now, it is the best time to sell them all and get atleast some Bitcoins?
Imagine that you sell all of your tokens for 1000$ and buy Bitcoin that costs now 5000$.
Imagine that you didn't sell and all of your tokens will still have same value, but Bitcoin will reach new ATH price.

i think the reverse of that is the most safer option now a lot of alt are undervalued in comparison with bitcoin but for sure you need to avoid scam project and choose well good luck :)

This depends on the potential of the altcoin. So, if you think coins/tokens are not going to make progress in the future, why should you hold? It would be the best choice to get BTC instead.

You may be taking a lost now.
But yes if you wanna cut loose.
But when also good times come all alts will raise as seen

I agree, most value of altcoins in satoshi are slowly declining. Its better to convert it for now in bitcoin. We are now experiencing a bullrun.

its depends on what kind of token/coin in your bag
if you hold a good token with great team, just hold it,,
but if your token is a shitcoins, just convert it to bitcoin as soon as possible my friend

It depends on your altcoin that earned in bounty campaigns, if you think your token have a future and their team is very active then go hold that token. In the other hand, you think that your token have no future and their team is all about talk without developments then dump your token and buy some valuable coins like bitcoin.

i still think there are many coins that are still worthy to hold like new altcoins have good platform and supported by famous exchanges, they surely have the big chance to be pumped in the future, so you can sell all the useless altcoins or too old altcoins without any better progress into BTC when we can still have profit when BTC is still rising every month.

that is the safest thing to do with your alts acquired from bounty campaign, selling it whatever the price is and then buy bitcoins and store it to your safe and secured wallet. Because most of the time those alts are no longer to had a good price so it is better to stake it to a much stable coin in the market.

If they are already dead there is no point in dumping right now. I am a btc guy but even I do hold some dead shitcoins. (No more than $100 from these dead prices)

What I got now used to be worth more than $2k and now it is barely $100. $100 won't make a difference if I buy btc with it but on the other hand that $100 is like a lottery ticket if keep it in alts.

Your situation might be different. If you got thousands of dollars in shitcoins it is probably a good idea to sell some since you shouldn't have owned them in the first place.

If I'm getting any rewards in bounty campaigns a year ago, I always sell around 60-80% of my total rewards into Bitcoin so that I can secure my profit and hold the remaining in case there is a continuous development of the project and if the token will bloom in the future then I can sell it at a higher price. There is some risk on it but its ok for me.

Whenever I get tokens in campaigns, I always see if the team is active or there is a development in the project. I can sense too if the token will be a dead coin in the future or not. The best choice is to sell a huge percentage of it and then hold the remaining.

But how would you predict the future value? It is even hard to say about some small cap coin that has a progress - I simply do not see it, Bitcoin could be used by masses, these small utility tokens probably not.  ::)

Well, on some potential altcoins, it shall worth the risk vs reward
Bitcoin has a capped price increment. ($5,000 to $20,000 is 4x)

But for minor altcoins/low marketcap coins ($0.01 > $0.05 is 5x and it is easier to do that compare to Bitcoin) - Not because of it's price, but its marketcap

I'm happy that you are starting to see that you should convert all of your alts into bitcoin. You are in the right path if you are considering of doing it immediately. As you said, most of these altcoins are starting to be dead if all of those came from bounty campaigns. Don't regret because you're doing the right thing, having bitcoin is the greatest choice of an investor on this market because if you're not going to do it, you will have that greatest regret whenever you see bitcoin reach new ATH.

i think its can be right and can be wrong too
because, in my opinion bitcoin price will hit ATH in 2020,
so at this moment this is the best time to collect more bitcoin, by trading your altcoins not only convert

What's the difference of trading and converting? you are converting when you are trading. Trading of altcoins means that you are converting it to another one like bitcoin. I can't understand or what's probably the wrong that I've said of labeling 'not only convert'. With your opinion that we can probably see bitcoin ATH by 2020, let's hope that it will actually happen. I'm also eyeing for that year to be one of the best again but this year, we're already seeing on how positive the next years will be.

in my experience you shouldn't hold any of the altcoins under any circumstances because the best case scenario for an altcoin in the long run is that it rises but the rise is not going to ever be as big as bitcoin rise in the long run so in that "best case scenario" you lot a lot of opportunities.

but in 90% of the altcoins you won't get that best case scenario. instead you will get the worst case scenario which is that altcoin loses value and continues going down so every day that you hold it you will lose more and more money.

altcoins are only best for short term trading during their pumps.

I also see many altcoins as highly speculative assets that their future is unpredictable and more and more people stopped believing in altcoins - you can see it now, Bitcoin is raising its dominance.

form the past bitcoin already dominance in market capitalizations of cryptocurrencies
why ? of course because bitcoin is the first crypto in this world my friend,,
and i think a good decision if the OP convert his low marketcap token or coin to bitcoin for now

its a good idea.. but some of us is still holding those coins and waiting for the next ath.. as soon the price of bitcoin will rise for sure those altcoins well

Selling such low market cap altcoins for BTC is not necessarily a good idea, you should do it if there is really no hope for those coins. In that case, I would rather sell for ETH because it has crashed as much as trash coins.

convert is only sell your altcoins for bitcoin, thats it  ;)
but in my understanding trading is sell your altcoins in higher price for bitcoin then, buy again your altcoins in lower price, so when the price of your altcoins rising you can sell it and get an enouogh profit in bitcoin my friend, thats mean you already increase your bitcoin amount  ;)

True, selling / exchanging altcoins into Bitcoin means that you stopped believing in altcoins and you would like to hold Bitcoin only.
While trading means speculating among all cryptocurrencies, you do not matter what you hold in your wallet currently.  8)

I did not get to know about this strategy on time before my altcoins went down very low in value and they are so low that it is better I just keep them there and be watching them, because the vale they are not when converted to fiat is not something to be proud of, but I can just say that it is something I can just pull from my pocket easily to invest directly in Bitcoin.

If I still get any campaign that pays and would enter exchange, I would not make the mistake of holding them again, but another challenge is still the ones that have not entered exchange ever since I got them, those ones would not be easy to change to Bitcoin since it cannot yet be sold.

you should never hold coins like that to want to make a decision about selling them or not. specially if you gathered them through airdrops it is 100% mandatory that you sell them as soon as you can because we all know the airdrop coins, ICOs, bounties,...  always fall down as soon as they are listed on exchanges.

the only case when they become a viable investment is if they are during a pumping day. in which case if you can catch that kind of pump you can gain a lot of profit because these small cap coins are always getting big pumps unlike the big market cap coins that barely rise 10%

Do it based on what you think is right.
For me, I think selling it is not a good idea, low marketcap means price is undervalued and there is no liquidity in exchange.
I'd rather hold it and wait until project improve and get develop, I have a lot of cheap coins which are in small exchange, but I'm hoping one day it will pump.

If I assume that half of my assets will die, some alts will not rise in price, then I will still hold everything I have. Those assets that will be more expensive, compensate for all dead and cheap projects. Bitcoin can rise in price many times. But some altcoins have much more potential. What exactly, I do not know. Therefore, I hold everything until victory or defeat.

Your idea is really nice and I think some people are already doing this, last week. I sold 50% of my tokens that has entered exchange to buy bitcoin, I know that before we enter altcoins season, bitcoin would have risen to a very big level that even if I decide to pull the investment out of bitcoin, to buy the alts again, it would have doubled the initial amount I pulled out.

I too don’t see the reason why one should keep holding on to those coins that has refused to increase along with bitcoin rise, although I am aware that this is not their season yet, so this your idea should really be taken serious by most alt investors.

They will surely pump there is no absolutely any doubt about that, but if you have been studying how these markets has been operating in the past, you will see that most of them only follow uptrend when bitcoin consolidate, have you not noticed that all these increase in bitcoin, majority of them have not responded by even 0.1%, they are not doing so because it is not yet their time, so one can play the 2 games, withdraw them now and put in bitcoin for the price to multiply, which you will still get the value back when you get a sign  that they are about going on their own bull run.

I would better buy Ethereum as it does not matter that this cryptocurrency fell. It did not crash: the project is alive and the changes happen constantly.
We see the movement - it does not sleep, it is not going to die or to be closed. the team is excellent. As for the trash coins or shitcoins, it is better to get rid of them. The sooner you will do it, the better.

This is not a bad variant for a "lazy" holder. Bitcoin is the cryptocurrency that regulates the price of the other altcoins, so that, if you have it, you can be always in plus as sooner or later, BTC will go up.

It is not possible to see a bull run in the price of tokens as it were in 2017, because 2017 was when we had a lot of tokens being created in the market and then investors cared less about what they offer but the profit they could make within a short period of time, though we have now seen a correction in the market which have separated the good tokens/coins from the bad once, this is why we saw the price of so many coin in the market go so low never to recover.

I am having the same question. I have lots of coin which worth very low and has a very low market cap. Should i sell them all to have a little bit more btc or should i wait for an alt party or a surprise 100x even 1000x from one of them? A hard choice really.

most people do it to catch up with the rising price of bitcoin.
but not with me, the altcoin price that I trade now follows the flow of the bitcoin price volatility, so when bitcoin increases, the altcoin price that I have also increases. so I don't force to sell my altcoin with low capitalization just to get bitcoin.

Obviously this is what happens these days as we are seeing a great growth of bitcoin while altcoins remains silent

More altcoin holders are selling their folios and invest all in bit coin without thinking what if this is a trap?you will lose bigger and won't recover by doing such

well i am 1000% agreed with you.I have sold my crap few weeks ago and got decent amount of bitcoin and already booked some profit but i will hold it for few more months.

I think your case is that of many investors who believed in a moment in a project that did not meet them, and that you obviously plan to sell, but the sales potential can only be determined by what you have been able to determine in the market according to what have you seen, that is, if in the project of that altcoin have more development prepared, if you plan to list it in a Level 1 Exchange, and if its developers have more features?

This is simple, if you are just for being enthusiastic the price will drop more, because it had its ATH moment and I know it will not return anymore because it will not be listed in a quality exchange, since many times some altcoins survive by Dump and Pump that apply, the rest at this time where all the attention is given to Bitcoin, I do not think that they will return to believe in projects that did not arise due to bad decisions or centralized administrations.

Many projects have come down in this case, have not known the power and channel it to attract new investors, to maintain a project and meet their Whitepaper, if this happens I think it is best to sell, otherwise, you must Do the relevant research and even talk directly with the creators of the project and request information which, you should not deny.

maybe you need to hold in few more years, so you can gain more profit by holding your bitcoin my friend
for sure, bitcoin is good for long term investments, maybe after the halving even of bitcoin in the next year, the price could surpass the past highest price my friend

It's not. the halving will give bitcoin only 50% increase as an indicator based on how many blocks halving that will have reduced in the future. Bitcoin will not instantly increase after halving but miners must put more efforts to get bitcoin from the block and this will increase the difficulty that will make the mine will even harder and this create a little inflation that will give a huge impact to the price of bitcoin.

Even though we know how potential is Bitcoin but we aren't sure that its price will be on that top for the coming years.
Long-term holding is not a solution to make more profits but for us to work it well. If we know in trading, then better to make it a way to see more gains rather than to keep on holding for many years.

with the current market conditions it is very difficult choice but as an investor we must be clever in utilizing every opportunity to get profits in investing with crypto currencies that are clever in analyzing every opportunity we will get

Converting your shitcoins to bitcoin are the best way to have good money because the price of bitcoin have a better chance to pump. I will not regret selling my altcoins for bitcoin because i know its a good decision. Bitcoin will pump, so have more holdings of it and don’t just let this opportunity be gone for you.

Everyone would've loved to do that but immediately you decide to do that then your consciousness asks you, what if the reverse happens? hehee.. Anything can happen buddy, ALTs won't go down and down forever. No matter what, a reverse will occur and they may bounce back. My only wish is that Bitcoin should stay there (at the top) when this reverse starts to occur and it's gonna be awesome for everyone.

personally i think for now alot of good altcoin are undervalued in comparaison with bitcoin there is a lot of good investment opportunities in the market right now that can be caught

Although I had not thought about that possibility, hoping that a miracle would happen in the market so that my asleep altcoins would suddenly come alive and revive, I think your proposal is not a bad idea, because if after two years of having been launched a great number of tokens through ICOs, and their projects are still not crystallized, it is difficult to think that things will change in the medium term, so it is likely that, given the high growth expectations of bitcoin, I might start selling a good amount of my stored shitcoins.

But when people are trying to move into the safe area and bitcoin is the only best choice. just convert it back to the altcoin when there was a little signal from the altcoin market to get another green in the future. I believe that time will come back again later. We have seen this pattern already repeated in so many times.
Just waiting to take the best opportunity from both bitcoin and altcoins.

since there were lots of altcoins in the market, it is hard for someone to look for a coin that will really give a good profit unlike to bitcoin you can see that most of the time the price are simultaneously increasing over the months unlike when you are investing to alts the question is that what coin will give you profit although there were lots of coins in the market that moving in different ways, we cant not settle for a coin that once the green numbers arrive we will stick on it because the movement of the price for an alts are very quick to change.

Hmm mate, this statement of yours really fear me, I am still trying to hold on to some of my token and hoping that the bull run would at least pick them up for me to be able to sell them and buy bitcoin with them.

There are some of my bounty tokens I have already sold and converted to bitcoin now that they still have trading volume, but some are just yet to make any price move, they have not even entered exchanges, and I guess that is goodbye already for those ones.

This should be the more reason why we should not allow the ICO market die, so that we can continue to get some benefits from the new projects, now that we have learnt how to select a good one.

One thing we use in judging their development is first the number of trade volume they have in their market, if they are not developing, it means they are not getting much investors, and if they are not getting investors, then there will be no one to buy the coin from us, so it is more like we are already having portfolio full of bag holders.

All those low altcoins are not even the one we should change to bitcoin, even the ones that are presently performing, because sooner or later, they will also turn to those low coins too, so the earlier we sell them off to bitcoin to make more money, the earlier it will be better for us, we can then watch during the time bitcoin is going sideways to buy them back which we will definitely still get the price we sold them back then.

Agree, yeah Bitcoin looks charming if you look at the current market, but you have projects that are successfully listed on the market and have high prices. it doesn't matter to sell it and exchange it to bitcoin, its your choice. but my advice is to hold some project that you think is worthy

Once you make your determination on the coin and is likely not to have too much gains in the market then i will recommend dropping it for more better coin or BTC But for the potential ones you might never know so keep hold onto the better ones and lose those that are ineffective

ight now there is a great willingness to know if those currencies that have been held for a long time are effective or not, because we are in a phase of accumulation, there are movements that are taking a bullish nature, if we revise those currencies that we think are no longer It is good to consider continuing to maintain, but in case it is negative, the best and most advisable is to leave them, since you no longer see any effect due to the phase we are currently experiencing. of the market

This may help many to make a decision, which is not a recommendation but a simple advice so that you can take advantage of something there and buy bitcoin which is what really matters to have and maintain.

Before selling it, you must think twice before doing it. If the token has a low market cap but the team is working with it and the development continuously then just hold it but if you really want to sell it for Bitcoin then just do it. Just be ready with the risks after deciding.

Low market coins were good for long term profiting, but here very few coins gives with the assurance of profiting. Large number of low volume coins lack in development and the same makes them go low in value continuously. By now as the price of bitcoin has gone much higher selling those low coins will get nothing. Better is to hold, maybe out of luck might get some better value.

one way or another, one must be able to draw conclusions regarding one company or another in order to determine the most promising projects and the best coins for investment among the total number of cryptocurrency market.  This is very difficult to do, since even good test results may be ineffective.

Yes, i preffer to have more bitcoin than altcoins, and i sell some coins for bitcoin, but i still hold some coins i not sell on last bull run because if i sell now i not get the money back from the time i buy them.

yes we can see in other perspective view, eve altcoin price down so deep, this our chance for buy in cheaper than other time, market are give big discount for altcoin now.

but remember just buy coin that are think the price can growup in future

If we talk about the value of altcoin, then you need to take to the attention of the statements of many analysts who say that the majority of altcoins do not have the final product.  And what is the value of the product?  From its relevance in society and real practical value.  And now you need to think about what Altcoins have such advantages.

I think that depends on the situation. if indeed you need something important for sure, you will do it (sell because feel doubtful about the project). but if it's not important, it's better to HODL until it worthless or vice versa.

I'm still convinced by the bounty coins that I still have. I will continue to keep it because someday it will be of high value. If you want to buy Bitcoin better use the initial funds. So we have a chance to profit from Bitcoin scatter. And if at any time the bounty coins are of high value, we also get many advantages.

It's not a bad idea either. However if you intend to make a big profit from it, You cannot get a huge amount, you only get a little earnings from it because Bitcoin will not get a ATH like the Altcoins do. given that you invested your money on a real ICO (Not Scam) you only need to wait for their project full development so that you can sell their tokens at a higher price.

Maybe we should be a little patient with some of these altcoins as some of them has started making some surprises move this days. I see coins like neo, Bitcoin Cash, ethereum, binance and litcoin make some serious gain these days and I could have regrets if I sold them early because of the way there were behaving early this year. Bitcoin is good and hardly any of this coins can grow without influence from bitcoin but that did not mean it is the most profitable!

A lot of this depends on whether its a good alt or not. Those that are good solid projects may fall on initial listing as most do, but once the product is given time to develop I would expect big increases. It really depends on the alt.
BTC is certainly the safer option, but this less risk also means less chance of big rewards. But don't give up on newly listed alts as soon as the price drops, it takes time to build a working product and to get the roadmap sufficiently advanced that people have something real to compare the coin's value against.

If i were you, yes i will sell all coins that i get from bounty campaigngs and buy more bitcoins or other top 10 coins on coinmarketcap.

Why? Because based on my experienced, tokens that you received from bounty campaigns when it listed on exchange, the price will fall so hard.

Guys, I used to always take part in many new projects that after a year have very poor performance and I see no Light on the horizon of their activities.  Prices have lost 100 x and even 1000 X. If we compare this situation with the current time, many new projects today after ico of the company or IEO show good results and at the same time the pricing of their coins is at a decent level.  Based on this, I suppose it is best to get rid of coins that do not show good prospects in the future in order to buy either Bitcoin or more popular cryptocurrency for these funds.

when you have a not potential token and the price doesn't go up it's better to sell it than you keep holding and change the token assets becoming a coin top like bitcoin, ethereum and binance coin because they will be able to rise many times seen from current market conditions

It can be ideal to liquidate your lower ranked assets and diversify into better quality ones if there is not enough liquidity or demand for them in the market, but if a project has long term viability and a sustainable ecosystem then it can be best to HODL

Of course from all alt crypto that exist, Bitcoin is the best choice to invest with it (of course fro a medium to long-term), if hold some coins that are too low from ICO price that not having any development in their product, then better sell ir right away and get some btc or eth.

when in a position of upward movement in bitcoin it might be better to save bitcoin. but if the trend is on an altcoin then choosing etheruem or other assets is better. choose assets that might experience the fastest growth.

Man, some altcoins will never rise again and sometimes it is better to convert this dust to btc.
Bitcoin is liquid, you can hold it or sell for fiat in Indacoin or trade on bitmex, no matter what you are going to do, bitcoin is bitcoin

Bitcoin is performing more than any other coins in the market. It is better to sell all the tokens that you know are not doing well now than holding them and at the end, you will not get anything from those coins because some of them will never recover again. Some tokens are dying and many projects have been abandon by the developers and you should convert those coins to bitcoin.

tru and that happened in my life i have sold any coin for bitcoin right now and i just stay with some promising coin. When altcoin gets dumped and that will be so difficult to gain that value again even with hundreds of updates. I have seen some of my altcoins worth nothing.

when you have sold it for bitcoin then it is the right choice. altcoin may be bad, and those who lose their value and become very cheap are those who have no interest in the market.

if there is still a price I think there is no problem selling it. now what happens is that many altcoins are very cheap and don't move much. having bitcoin might be better. but if only from an altcoin like that I don't think the results will be seen that much.

Good for you and I lauded your for shifting to bitcoin and dumping all that shitcoins, lol.

As I have said before, this is no longer 2017, investors has learn that at this point, there will be no shitcoin that will give you x100 returns. It's better to dump then will getting a decent profits or take it like a man, suffer a loss and then move to bitcoin. So it really up to you guys out there who still believes that the shitcoin they are holding will give them a good profits by just holding it for so long.

well, maybe thats really great strategy to collecting more bitcoin by selling unuseful altcoin in our bag
but, before you sell it, you should doing a deep learning about the project first, because sometimes a low marketcap coins will soaring without notifications
if the team still active to develop the project buddy

I think that's the better way to do specially if there's no progress to that token. Its not wrong because we just want to save what we earned it bounty or our asset that we have. Its better to buy bitcoin than to wait our token to gone their value.

I will sell my shit token from bounty, whent they really worth to get. But most of my bounty its a crap so i cant sell it, the price under 5-2$. Went i got around 100-200$ from bounty, i will try to convert with some major coin.

Selling tokens in order to have bitcoin holding? Maybe it's a very sure idea and to those tired of holding alts, this is a best strategy to do right now. Don't hope for impossible one, yet prefer for the better.

I think it's a smart strategy but how can you pay your monthly living expenses when you just hold Bitcoin for a long time?
To be profitable when investing in bitcoin, you need to hold for more than 2 years.
Therefore, you should consider for the bitcoin hold. I see some tokens still work quite well and sometimes it can pump up to 400% of the value.

I think that it depends on the situation of that coin/or that project as a whole if they're making good progress, effort in marketing, or was able to successfully follow their roadmap. Like what others are saying, if the project is not going anywhere, better invest it in BTC or other activities such as gambling if you want to go YOLO or participate in this evolved IEO (https://busy.org/blockchain/@hatu/stp-x-thunder-token-mto-prizes-up-to-usd8-000-24-hours-left?utm_source=lx1) that lets you buy discounted tokens that are already in an exchange. But if that coin's team members/devs are super active and making good progress as a project as a whole, you might wanna hodl to it a little bit more and enjoy the ride.