Bitcoin Forum

I bought altcoins a while back. Example coins such as waves and powerledger.  I also have bitcoin cash from the fork etc. 


I bought altcoins back then thinking hey if btc goes up, altcoins will go up more.  Of all the altcoins i ever bought, not one altcoin I have is higher than the current price i bought it at.  Every coin i bought whether it was the huge bull run or before it, such as waves, I'm down money.  Well technically not down as most of these coins, i just hold.  I did sell some though.  The only coin i did buy that is up now is litecoin... but i have none of that now because i sold those a while back.  That's right the one altcoin i sold would be in profit now. 


Also if you look at the prices with bitcoin, its like many of the altcoins i hold, they are not even going up compared to bitcoin at all.  They are either same price or dropping.  Does anyone here think its best to sell all your altcoins for btc?  I heard tons of things about waves.  Yet nothing happening to the price except going down.


Also when i say altcoins, i know it means every other coin but bitcoin.  But i mean specifically like those altcoins that are not in the top 20.  I mean when you look at ETH, bitcoin cash, litecoin, i think these are legit as prices correlate to btc price.  But if you look at those altcoins especially that is not in top 50 for example, many prices have dropped.  I bought coins where price is still down 90% or so.


Now if you say yes, what about bitcoin cash?  Or say bitcoin sv or bitcoin gold? 


Because the more i think about it, if cryptocurrency goes up very high, well it seems like there's only a few coins only that could do that?  Thus bitcoin, litecoin, eth, bitcoin cash, dash, monero or say bitcoin sv?  I heard ripple is centralized so can't imagine it being the standard.  I mean if there were only 3 coins left... what would that list have to be?  I would figure its bitcoin, bitcoin cash and litecoin.  If i had to include a few more, probably ETH and Dash.


I back then also wanted to get coins like funfair, edgeless and a few other altcoins.  But now when i look at it, isn't it basically throwing money away?  I think if i were to buy more crypto now, the only coin i would buy is bitcoin, litecoin or bitcoin cash.  Maybe dash and monero. .


Thoughts on all of this?

Strategy and what you have done seems really good. But still I am confused why we need to put all our money in Bitcoin only.

When you just comparing current market Trend you might have such thoughts but we always need to have future focus while we are going to invest in any cryptocurrency. Bitcoin cash, Bitcoin satoshi vision and some more forked coins are there but 800 when that coins also not apt for long term investment.

people here have a different strategy and always use the feeling every decide what the next move in cryptocurrency.
if you think if sell all your Altcoin and buy Bitcoin is the best way for you that is not the problem.
you are free to choose what you want to do, because in the next we can know's what will happen.

I would not invest all my money in only 1 crypto, doesn't matter if I have 1 or 100k USD to invest and doesn't matter if it is only Bitcoin or any other altcoin.. the best option is to vary the most you can in your investments and always keep in mind that (normally) when Bitcoin prices rises most all the altcoins prices will rise as well

There are fine projects outside the top100 that only need awareness to make traction and reach bigger fiat volumes. With all the coins out there at the moment it is hard to spot those.

I know bitcoin will go to the moon but i also believe on top altcoins because they are good to pump as well. I will not go all in for bitcoin, because i have to earn as much and through diversification it can be possible so better to invest more on many coins.

I do understand the feeling having accumulated tons of altcoins in my past 2 years as a crypto holder but don’t get me wrong. Your strategy work if you want to take the much easier path and not having a higher risk investing. As always said: diversifying investment is the best way to gain more. Look for altcoin that stands out from the rest and waiting game in crypto is worth it like bitcoin when it was still started.

If you think bitcoin can move faster than the altcoins you’re holding then I think this strategy will work, though its high risk investment so the decision must come to you as always. I personally hold some good altcoins, and diversification works to me so there’s no need for me to sell all of my altcoins just to invest on bitcoin.

That’s why we have to do research before investing, its not that hard if you want to put your money on safe and profitable investment. That top 100 coins moves differently and most of that coins already pumping.

Firstly, let's be clear - when you say altcoins, what you really mean is shitcoins!

Secondly, I would tend to agree 90% with your hypothesis and my personal portfolio reflects that ~90% BTC.

There are a few (think needle in the haystack) projects with potential such as Monero and Grin but overall we are plugging through a vast universe of shitcoins!

This hypothesis of "top 10" and "top 20" is such a flawed metric as you have dogecoin and tron in the top lists but they are hardly worthy investments.  Forget all these 'top lists' and DYOR!

Some of the altcoins are not worth investing currently and you should put at list around 97% of your holding in bitcoin and very few in other coins. If anything should happen to cryptocurrencies market today bitcoin will be the last coin to die and that is why it is still wise if one decided to keep all his income in bitcoin.

Seeing the rise in bitcoin prices is happening faster than the altcoin, making me think that way. it's just that, I feel that in the near future, the altcoin price will definitely rise. however, this applies to coins that have no potential. maybe I will sell coins like that for bitcoin.

It's too late dude. Remember this time bitcoin has already traded above 9k and i can say if that will give you a big risk when you are putting all of your altcoin to the bitcoin. I have converted my altcoins when it was gaining a big momentum against the bitcoin pair.
But you can try to put some altcoin then convert it to bitcoin to anticipate the ATH that may come next years. But be careful because this is a big risk solution.

See price now, maybe i will regret not sell my altcoins early. Because it means when i sell it in good bitcoin price, and bitcoin price increased after that, i will get more profit from it. If i be you maybe i will really research where bitcoin price will go in future before take a decision.

Lets say if you invested your money on bitcoins after selling all of your Altcoins the risk that you gonna lose all your investment is so low on my own understanding. because Bitcoin today is having the best market since last year's bearish trend. so If you do this there's no harm on it because you can still catch up on this semi-Bull run.

Its just the transfer or risk but still the strategy is good as long as you are holding the bitcoin in long term.And me personally don't believe on any forked coins or coin with the ame of bitcoin on it,there are some unique projects got less attention and value as of now which might turns into huge valued coins once people understand them.

Calculate how much you are going to gain with the current price of BTC. That's why I don't understand why people are really diversifying lots of shitcoins in their portfolio. And now since BTC has started to run again, all of the sudden they frantically wanted to move everything in BTC., just saying.

I'm thinking that it's the best to sell your alts for bitcoin if you still don't have bitcoin. But if you have bitcoin already, it's best for you to expand in some other coins whom you think is plausible and accurate to your investing style.

I have never lost when I held bitcoin before and after the bull run, I managed to survive the bear market and until now, thank goodness that I'm still holding it. If you are confident with what you are investing you won't put much stress to your assets.

Diversifying is good but if its too much, I don't think it should be fine.

It's difficult to decide when to switch between alts and BTC. If you time it right you can gain hugely, but time it wrong or leave it too late and it can be frustrating.
I think probably a lot of people who have money in BTC are starting to think about moving to alts now rather than the other way around, but I might be wrong. History does suggest that a big BTC rise is often followed by a big alt rise, so there is agood chance that alts may outperform BTC in the near future.

 If you don't have a lot of investment knowledge and rely only on news to invest, then you shouldn't invest too much in altcoins outside the top 50. because they're quite risky.
For safety, you should sell all altcoins and buy Bitcoin and ETH or LTC. It's 3 awesome coins in 2019 and its value can help your capital increase to more than 300% - 400% if you hold to Q1 of 2020.

Every investment have a risk, just focus to the coin that you want, that's what you have to do. Sell all altcoin for Bitcoin is a good option, because Botcoin price is rise in the past few days.

if possible, I want to do that. it's just that, right now I'm still waiting for the potential of the altcoin to rise before I change it into the form of bitcoin. well, now bitcoin looks so fantastic in price recovery, and I think the price will be $ 10k in the near future.

not a coin what you want, but a coin that you think have a lot of potential to growing hard in the future, and to know we must do our deep research buddy
because sometimes what we want is not good enough for investments,,
and i think if we want to increase our bitcoin amount, we should buy altcoins with huge potential my friend.
regards

Why should it be sold, while ALT growth also increases long as BTC continues to skyrocket. I think it's better to buy BTC than to sell ALT for BTC that will grow together, at the right time sell all assets together is my thinking.

Whatever methods and strategies that are carried out by everyone, for me it is a skill in the business that they have each. and I am very interested with the tactics that you do, by selling your Altcoin in part then buying Alcoin which has even better potential. because the goal of all strategies is one. that is, want to get a big profit. Is not it ??

As of the moment, I don't think that is going to be a wrong decision. Bitcoin is increasing right now and not all of the altcoins even the good altcoins are not following up to bitcoin. Bitcoin is at $9,000 USD right now while eth is at $269 approximately. But I think in the long term, altcoins are much better to hold.

Picking coins on there characteristics is a good way to diversify your portfolio but do it for the long run. For short term trades you could better follow the whales.

I think it's the most sensible thing to keep as many BTCs as possible. But it is easy to say, but very difficult to implement. Therefore, we should always think twice when trading. For example, Verasity has recently been approved to be listed in Binance. I didn't have BTC that day and I couldn't buy it. VRA's price has already increased by 300%. So always keep some BTC on your wallet.

Do you have many examples of altcoin growth to BTC? I agree with the OP, many altcoins lose value for bitcoin. Sometimes it seems to me expedient to convert everything that I have in BTC, but scary. I waited a long time for the altcoins to grow. But it can happen more than a year later, when BTC reaches ATH. What will survive by that time?

I think it's a great strategy at this point. No altcoins can bring better and better profits than BTC. Those who aim to profit from 30% - 40% within 4 months, buy BTC now. when Libra gets more and more fomo, it is also the time when many people want to buy more BTC.

But actually,,, also a coin you want. If you think it has potential only for price growth but no other use,,, then you must realize that a thousand other people will think just like you and everyone will be in it not because they want it,,, but because they all want to profit on it.

So what do you think happens when 10% of those people decide it is a good price to sell? 10% sell then 20% panic, and sell, and the rest rush to sell,,, hence you have a dump.

Libra a new altcoins with a lot of hype,
but, for me ethereum still better than this new altcoins,,
and i prefer to hold few altcoins such as ethereum, litecoin and others rather than sell all my alt for bitcoin my friend
i knew bitcoin is the most promissing crypto, but, Don't Put All your Eggs in One Basket  ;)

Never in my future strategy that I use that “All In” investing,I trust bitcoin a lot but what I see in future that altcoin will also have a good part in crypto evolution that’s why diversification is the best way to see profit soon
Well fork currency for me is a shitcoin and I don’t consider will progress in the long run

you should sell hype coins asap because those coins are only being manipulated and they will soon lost thier shine , not unlike to eth and other established alts that are built to last a life time  . if you already hold established alts like eth then there is no need to sell them but instead its a better idea to continue hodling them because they will soon rise along with btc just like what happened last week where eth did increased and pump a week later after btc pumped up .

the bitcoin movement is now more stable, it's possible that altcoin will soon follow its growth. it would be better to keep holding your altcoin. although the price of bitcoin is improving but now the altcoin price is not good.

maybe you are an investor who is very good at seeing profitable investment opportunities and indeed many strategies of investors in investing with crypto currencies, one of which is what you do every investment will definitely get the risk and how we can reduce risk and benefit of course

BTC is a safer bet than alts. It is generally true that the lower you go in marketcap, the higher the potential rewards but also the higher the risk. Statistically, the best coin to invest in will be some low cap thing sitting well outside the top 100. The trick of course being how to identify this one tiny coin that no-one else knows about.

So it all depends on how much risk you want to take. BTC is unlikely to go x1000 in a couple of days, but equally it is very unlikely to drop to $0.

I think not all of our altcoins will be sold for bitcoin. but selling altcoins that don't have great potential might be better. BTC may have big growth, but altcoins like LTC, ETH, BNB, XLM might have good opportunities in the future.

Yup, selling all altcoins in my opinion is also not the right decision because altcoin is always correlating with bitcoin. For example, yesterday like Zcoin (XZC) in 2 months this coin was silent, but last week I saw this coin has increased by 2x.
So the point is to be patient because crypto is not an instant investment, there are many conditions that must be passed to reach ATH.

I do not fully agree with you, selling all altcoins to buy bitcoin, if the altcoin is valuable, for example Ethereum, I think selling half of the altcoin to buy bitcoin.

unlike ethereum, save some potential altcoin assets and sell all altcoins that don't really show good progress on the market. it might be better, so we can have potential bitcoins and altcoins. maybe it will benefit us more if all the assets we have have good and concurrent growth in the bull market later.

Sell altcoins for bitcoins, and sell your bitcoins for altcoins  its just a method to profit in cryptocurrnecy.  If bitcoin is on hype i will sell my altcoins to buy some of it, and vice versa.

but if the altcoin price doesn't follow growth it will only produce you little bitcoin. selling altcoins when rising and bitcoin is stable. it is the best way to make a profit.

although the price of bitcoin continues to increase, I cannot support it if I have to sell all altcoins to buy bitcoin, because I believe that along with the development of bitcoin, altcoin will also grow in the near future.

for the current position when bitcoin is at a high price it might choose sell altcoin and to buy bitcoin can be a good choice. now bitcoin will continue to be in a good position and my advice when it gets profit from bitcoin, we can buy altcoins and get profits from altcoins

I don't sell all altcoin right now because the price does not increase significantly and I still want to wait for a while. I am sure the time for the altcoin to increase will comes soon, and I know that the trend will change into the bull market. In that time, I am sure that many potential altcoins will get high and mostly, the coins which are in the top 100 coins list will increase too. The next coin list will have the same opportunity to increase, and I think the position in the coinmarketcap will be change.

Personally I will do this and I did this before as well but now now some of ethereum and Bitcoin no other cryptocurrencies I guess in my portfolio. Because investing and the best cryptocurrencies is always the best decision then investing on the new project with the hope of getting better like the best cryptocurrencies and I am also don't have enough patience to wait for a normal coin into the best.

Bitcoin is the number one, certainly, but why should you sell all altcoins to invest the money in Bitcoin? The portfolio must be diversified. You can have over 40% of BIT there, and the rest should be good tokens like Ethereum, NEO, NEM.

Bitcoin is the best investment in the crypto, but I suggest people divide the money to invest in several platforms. Bitcoin price is growing and altcoins are dumping now! This is not the new thing after several days later, the altcoin will start pumping too! So, it is better to invest 70% in Bitcoin and the rest of the money for other good coins!

I think it's one of the good strategies for investing in cryptocurrency, but it's best not to sell all altcoins for bitcoin, you should sell altcoins that don't have potential.

This can be a profitable decision because you are putting on a coin where the up trend is on, but I will not sell all my altcoins for bitcoin. If bicoin pumps some altcoins will also pump so if you have both of that coin then you can earn a very good profit, diversify if possible and hold only potential coins.

Usually when bitcoin is going up, i sell my altcoins to get more bitcoins. If the technical analysis shows that bitcoin has started to go down then I convert it to usdt before I go back to buy altcoins again. It is important to use trading tools first before buying and selling any coins, the tools may not always accurate but they still help me a lot when comes to trading. There are also some altcoins like bnb that starts rising everytime the binance announces another IEO, so it is good to buy on it and sell it before or after the IEO.

selling altcoin for bitcoin I think it's a good choice, especially if the altcoin you have is a potential one. maybe this can be your advantage and can get profit from bitcoin. try to be more selective in choosing potential coins

Depends on your instincts and decisions, but your ideas is possible to get earn profits in the near future because when you look at the value of bitcoin is going into stronger and stable coin at the coin market cap and as of now bitcoin continue to uprise their price. The decision is your do nit relay to the other people to decide your investment.

As we look into the upclimbing scheme of bitcoin compared to altcoins, that is a good idea for me. Prices really matter to me, we need to be more practical and keeping our altcoins for a long time isn't beneficial right now. If we think that we can make more money into BTC, then why we should have to lose this opportunity?

It is true, therefore it's not wise to go all in with bitcoin.
Bitcoin although the most popular in the market, it gained lots of attention and it will be pump first when the market is good, however, altcoins with great potential, you will probably make good profit when time comes it will pump.

Altcoins like XRP, BNB, and ETH, already made a good return to its investors before it fall down, and even now price is still attractive as it grows after it dip cause by the long bearish run.

I do not want to centralize my investment. Rather to give all my altcoins for bitcoin, I will make some steps before it.
First, I will work in this community so that I can earn other cryptocurrencies or bitcoin.
Second, I will work in real world and make bitcoin as my investment as well as savings. We have many things to do, just do not sell other altcoins just to buy new one. Specially, if you sell it in a lower price.

We have to be dynamic and always change strategy, selling altcoins for bitcoin is a good thing right now because I'm sure the price of bitcoin will soon reach $ 10,000 and will continue to increase, when the market seems to drop again, then selling all bitcoin to altcoins is a good strategy.

but this is very good with a strategy like that if investors or direct traders choose to sell their assets to move with one coin that gives a very large profit, but many coins need to be invested in the future and do not rely on just one coin.  In my opinion

i wouldnt do that now. especially nowadays bitcoin looks like in uptrend and priced. but altcoins are still very undervalued. it doesnt sound good to sell the cheap things to buy an expensive thing. isnt it?

Sending all your currency for only the Bitcoin investment is little bit risky but if it was grow in the future then the decision made by you is totally outstanding and your future will be good like your expectation but it if it was not developed you will be like same how you can be in the current situation and also the future.

Actually it depends on market situation. Yes you can sell your Alt and can hold btc because btc is pumping and Alt are dumping now. So you can sell and re-buy  back after going to more dip. But I Don't think high ranked Altcoin should sell. Because High ranked like Eth and ltc can make huge pump suddenly with btc.  

Well, that be an option and you're right, depending on the market situation. If we saw profit in Bitcoin compared to altcoins, why we have to lose this opportunity? At first, we want to increase our funds and diversifying of our holdings will give us chances to make money than to stay in altcoins forever. And I'm glad to do it if ever there is an opportunity.

The act of putting ones eggs in one basket as they said is definitely a bad act of investment because cryptocurrency market is full of surprise and ones invest in various cryptocurrencies (at least 3) is quite a good decision but adding XRP to your portfolio seems unprofessional to me.

indeed the current situation of bitcoin is much better in its price development than altcoin, it's just that when we switch to bitcoin we need big funds to get big profits, different from altcoin. the best step in my opinion is that we should monitor the altcoin more clearly, because currently there are still altcoins that have fairly good price developments.

for now I think it's a difficult choice. We can see some altcoins now starting to grow. and bitcoin also continues to do the pump, having both is also good, but if I have to choose I think I will have a little bitcoin and more potential altcoins with definite growth.

If you do this the very moment this crosses your mind?and hold till now?then for sure you are in great profit now mate,just looking in market is a proof of bringing good income to all who holds bitcoin.lucky for me because I sold 3 of my alts and tokens and converted all to bitcoin so this very moment I am in good profit and waiting for withdrawal once the market show some dump,and will re invest when bottom happens again

now that altcoin is starting to grow, selling it now and holding more bitcoins might be a good choice, because if we see that bitcoin growth is now very good, more than $ 10k has been reached and there is a high possibility that bitcoin will grow more expensive.

They do, just not all alts. If you pick the right one, it will go up more than BTC. If you go with any coin other than BTC, you are increasing your risk. The biggest profits come with tiny low cap coins, but these also have huge risk. I have a good proportion in BTC, then another big percentage split amongst various high cap alt, then the rest in more speculative coins. Everyone has differnet risk/rewards tolerances I suppose, so go with whatever balance feels right. I just don't want to be all in one coin, even if that coin is BTC.

Pointless shitcoin forks whose only value is in speculation. I couldn't see the point of them when they started, and I can't now. Personal opinion obviously :)

Standard for what though? Crypto has many use cases across the whole economy and all of society. Nothing is better placed than XRP for becoming the standard for fast, cheap international banking. I feel strongly that it will become the standard in this particular sector.

The many use cases argument again. One of the biggest possibilites for crypto is smart contracts. ETH or something like it can transform society and bring in automation where a few years ago no-one thought it possible. And then what about IoT coins? 5G is coming in now, and IoT will only get bigger. BTC is a great coin, but it's not the answer to everything.

actually not at high risk if you choose bitcoin for purchase options by selling all altcoins, you can have a strategy when you get profit from bitcoin you can buy an altcoin that has good potential and that might be the best option rather than not using altcoin at all.

it's too risky to sell all altcoins and hold bitcoin, but I think the risk of holding a bitcoin is not as big as holding an altcoin. Bitcoin has proven to have great prices and great potential. maybe if now the altcoin held is an altcoin that might have a low price I don't think it's a problem to sell altcoins and buy bitcoin.

I think I'm late in selling the altcoin that I have for bitcoin. however, currently the price of bitcoin is as predicted. I think the altcoin price will also be higher, except that until now there has not been a very high increase. well, but I don't think waiting is a problem. maybe I'll wait for a little more before I do.

Imho, at some point the price of the bitcoin will be less volatile, then you can make more btc with altcoins, but right now it's the btc fomo phase and almost all of the altcoins are dropping. No one knows where their bottom is, they can keep or rise their value as in usd but right now i can't see them rising on btc.

That's right because bitcoin is a high-potential coin and the number one coin that many big investors are interested in, so to sell all your altcoins for bitcoin is not too risky because there are many people who get promising results from bitcoin

I sold almost all altcoins and always do so with a large growth of the BTC. It's never too late to buy it back.

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Of course, the situation is now very interesting to take a decision. You can have a potentially growing Altcoin. Now it does look the price of Bitcoin rises very quickly. But it will also trigger an Altcoin price up. So you have to monitor at Coinmarketcap to get a good Altcoin.

Its depend on the situation, when bitcoin on good move like today better keep until its on correction than sell, buy more altcoin in dip because btc correction. If bitcoin dominance is not more than 55 percent i think its good to trade altcoin

whatever is done is good, saving everything to bitcoin is good or saving to altcoin is also good for later because altcoin hasn't started to rise big. but for me I'd rather put it into bitcoin and some altcoins which for me are good, that is Ethereum

actually all the decisions are in your own hands because as investors we must be able to take advantage of every opportunity that we will get if indeed by selling altcoin is your choice of course that is also the best for you

Like the rapid growth of the BTC stopped, you can look at the altcoins

When bitcoin rises, all altcoin holders choose to secure their assets and hold fiat or bitcoin. this is a cycle that everyone must know, especially traders.
but the advantage is that we can choose the cheapest altcoin to buy, and hold for a few percent profit.

Actually it's not too risky if we have considered it very well. But if I become an OP, I might break my money into three parts to buy bitcoin, bitcoin cash, and BNB. I also used all my money for bitcoin, and at that time it was fortunate enough to go up in price. Altcoin is influenced by bitcoin and when bitcoin goes down the altcoin will also go down, so it's the same if you hold bitcoin or some altcoin because the price will go down too.

I think it might be too late. After BTC pump we will definitely see altcoins bullrun. So you just can miss this as no one don't know when BTC stops, while altcoins will make much more xx (espesially new promising coins with small cap)

for now there may be many who do that, sell altcoin assets and exchange them for BTC. because of seeing high prices of BTC. but now the altcoin is starting to rise, and there is a possibility that the altcoin will grow bigger and make those who release altcoin regret it.

you're right, i also think like that. for now, I think about holding back ETH. well, when the price of ETH rises, I think it will become a bullrun for other altcoins. for now, I also prefer to hold assets in the form of altcoins. I think it's too late to sell everything for bitcoin.

Bitcoin I totally agree. But why on earth would you buy an altcoin fork of Bitcoin? You do realize that nobody uses BCash except all its own people who of course had more money to spend than others (because of their forks?).

And BNB is not even a crypto. I'd never spend any thought for investing in something like that. BCH and BNB if their owners do something drastic your coin is finished.

Yes, this is a better idea! Bitcoin growth level is far better than altcoins. Holding Bitcoin is always the best decision! You can't be sure about altcoins growth, because most of the time they depend on Bitcoin! Who sold altcoin and bought bitcoin 10 days ago, they got a very profit already!

In my opinion it's an inappropriate action, even though the bulls are happening, not only bitcoin who experience price increases right? even a lot of altcoins also experience the same effect, even the price changes can be much higher than bitcoin. Moreover diversify not only give you big profits, but reduces risk also, I won't use all my capital and be centered on bitcoin, I will definitely divide it to another altcoin

Wellllll
If you think that bitcoin might stop bull push, you don't sell now because Bitcoin has actually going up for almost 2 fold since $6,400
While most alts either drop by 10% or just remain their price in $ but not BTC/ETH if you bought with btc/eth

I would like to say if you believe that the market of alts could soon turn ever, just hold onto it
Else you would most likely regret when Alts market cycle starts

Just stop your fucking nonsense-useless spam post. There is no way for a coin just stopped less than in a day.

If BNB isn't crypto, why this coin listed on CMC and has 5 billion dollar as total supply?

Now, this is not the right situation to sell them in the market, now the price of Bitcoin increased a lot which the value of altcoins going down in the market and it will not help us to make money. So instead of selling them for cheap better hold it for another 2 months to make huge amounts of profit.

I agree with your opinion, because now holding bitcoin gives a big advantage, it's far different from holding an altcoin. The increase in altcoin feels very slow.
But holding 100% bitcoin in my opinion also has risks, because if the price drop is so drastic that anyone can experience big losses, in contrast to the slower decline in altcoin.
So, it's better to invest divided between bitcoin and altcoin, where the investment percentage must be larger bitcoin than the altcoin .

The price of bitcoin increased drastically and other altcoins were left behind.

Thus its normal for other crypto enthusiasts to think its wise to switch their altcoins to bitcoin but IMO I wont sell everything especially if you are holding eth, litecoin and bitcoin cash.

These coins has potential and will grow in the future, it takes time so be patient.

I think if you sell the loss because of your decision and everything back to you, what you buy and sell depends on your point of view and calculation, I will only buy where the altcoin has a pair on USD, because it will obviously follow the price of bitcoin go up
Let's see a small example is ETH, where all exchange sites always open ETH / USD pairs as well as BTC / USD, here we need to focus on collecting USD or BTC, if you focus on multiplying on USD I think choosing ETH is right

It is tempting to sell altcoins for Bitcoin, as Bitcoin is dominating the market and altcoins are plumetting against Bitcoin. The strongest altcoins are falling too compare to BTC. But i think one day this might stop and we should see a reversal after.

your speculation is very good for crypto investment but it is true now that investors in my opinion are selling their altcoin assets to buy bitcoin, because bitcoin is now fast rising this is very profitable for investors, I see the altcoin growth is very slow and very different from 2017

well, maybe other altcoins don't develop in price. however, I think that is because ETH prices are not so fast in addition. for now, I will probably hold the altcoin that I have. I feel late to sell it, and I feel that the altcoin price will also be high.

Diversification always work 100% or say 90% not to exaggerate. You shouldn't go all in on BTC, those alts like LEDU, AST still has the potential to give you real profits.

maybe holding an altcoin now is a good choice. although the growth is a little slow, but now we can see the upward movement is already running. there will be an opportunity for altcoins to rise. never regret later for selling your altcoin.

It's not easy to happen for the next few years because Bitcoin will continue to get ahead and have broad benefits for the whole world and it will strengthen that Bitcoin will continue to be used later. Can Bitcoin be better than today.

we must remain vigilant, seeing the events that occurred in early 2018 where the market began to fall after the highest increase in bitcoin. and the decline is even the bloodiest crypto market history due to the decline in 2018 until the beginning of 2019.
even though it still looks good, I think it is still aware of a decline that can happen at any time.