Bitcoin Forum

I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position

This will vary completely depending on which project you are talking about. Since 2017, more than 1000 crypto currencies have emerged. It might be a bit naive to think that all of this is legit.

Portfolio allocation management is very important to get the maximum investment results or on target. New Altcoin? I think for a lot of time it's bullshit and not proven. Of course, I always put Bitcoin first and foremost, the allocation for bitcoin is naturally more than 50% of your total investment, you need to throw away what you don't need to hold back. Soon the bull run will start, so think as clearly as possible so you don't miss the ticket. Many people today are switching to bitcoin, there will be good news soon (halving).

Let's sell the coins we see that can't keep up with the price of bitcoin. Because once the bitcoin bull run starts I am sure the prices of useless coins will drop and it will probably die.
And of course don't forget to store reputable coins like ethereum and litecoins.

can you be more specific with the new altcoin that you mentioned? name the altcoin if you can do it.
speaking about the bull run, in 2017 we were experiencing a hysteria because of the ico. we might see another bull run in the future but it is very unlikely for us to experience the same thing as we used to be in 2017 because in the future the growth will be more natural and the surge will be created based on adoption not because of hype. people tend to learn from their mistake.

And at current time most of the alts are performing better than bitcoin. This also shows a new trend of growth in crypto market. And bitcoin and two of it's fork are on top 5 places by coinmarketcap. But it's time to sell your coins because a correction dip is coming soon.

Indeed Bitcoin is the main asset you must have, but you can also allocate a few percent of your assets to altcoin. Because there is still altcoin in the top 100 coins, which promises in the future, so it all depends on the altcoin you hold, worth it or not, hold or leave.

New altcoins are like double edge sword it might hook up with bitcoin price trend or go in the opposite of it.I won't take risk of holding new altcoins so you made the smart move.

You are right everyone's attention is on Bitcoin right now that new coins are negligible, and investors do not have interest in it, it's better to buy Bitcoin now than stock new coins in the hope that the bull will bring it profit because you bought it at a very low price.

As years passed by new comers/investors only know Bitcoin. If you will introduce crypto to them, the first thing that comes into their mind would be "bitcoin", so basically, as adaption occurs you cannot deny that altcoins will be left behind as some or most of them doesn't any position YET but who knows if they will have more development and exposure in the next years or in the next bull run.

My goal is always to acquire Bitcoin trough the cheaper altcoins.
Back in 2016 I had Almost 2 Bitcoins because of my Altcoins, and the good thing is that you can always sell your Altcoins for Bitcoins whenever you want.
Because Bitcoin is kinda expensive to buy and for most people it is already to expensive (they can only buy a small part of a bitcoin)
Also transfering Bitcoin is to expensive compared to other Altcoins, I think Bitcoin is really for the bigger Transfers/purchases.
And not for very small amounts under 100$ in my opinion.

I will try to put more to the bitcoin but it will not so much caused by the latest trend that is happening in the market has already proven if the possibility for altcoin to increase is always there. I have bought DASH last week and im sitting on 60% profit from my initial investment.
Altcoin is not so bad as those people said as long as you can choose the correct coin to invest. Remember the key to invest in altcoin will be your due diligence to identify which coin that will bring you to profit in the future.
Just try to consider the bottom position as your main key to enter the market.
It's also a good decision too to decrease your altcoin portfolios and then put it into the bitcoin to bet on halving.

There will be altcoins that will be left out some are already been dead as well. Some that I have been holding since 2017 didn't make it. With them just listed in an unknown exchange will really be that difficult to rise up unless DEX is going to be used by those who pumps the altcoins. Luckily some of them are listed on popular dex. Those coins not listed in binance or bittrex would struggle to gain %

Maybe not all altcoins will be abandoned and for me some altcoins are still good to invest like altcoin which is in the top positions like eth and ltc. But for the new altcoin I also doubted it a bit and chose to sell it and invest in bitcoin in my opinion is the right decision to do because for me personally bitcoin is far more promising than other coins to hold in the long term.

Well, if I were you I would also sell some of my altcoins but not everything I will only sell those altcoins that I got from ICOs before and left only the top performing coins. I don't think that altcoins will be left out, the fact that some of likely to be affiliated with Bitcoin as what I have observed, I mean as Bitcoin pump alts will also do the same.

If you want to be safe bitcoin and old altcoin are better for investment now for new altcoins I think it's difficult because most of them are still not useful and that makes the price very difficult for growth like old altcoin.

I think you only need to re-select altcoin which you want to maintain, not all altcoins are bad, excessive worry sometimes affects, it is undeniable that many new coins cannot last long. But not all of them, there are some that can survive and are worth investing.

Its left for everyone to pick projects based on how useful they are, if the new projects have nothing big to offer do not invest on them, few good altcoins are available e.g celer and matic or even gowithmi, team of a particular project is something you should be ready for

Many new altcoins have no real use cases that's why they will be left out, many of them have none necessary use cases that won't help crypto users and crypto world that's why they are bad, we already have too many coins, now we need less useless tokens and coins

Take some time to investigate them thoroughly. Whichever will not benefit you in the future, it will be more profitable for you to change them to btc. In fact, the new project market has been in a very bad case lately, but the market situation had a big share in this matter. That is why I suggest you research, if some of them are good enough to reach a significant point, do not sell them under favorable conditions.

Let's always make time to check the development, what are they doing so far, what they have made in order to rise again, and if we think that they have done nothing and no plan at all that they just rely on exchange or in their investor then it is up to you if you will still continue to hold or you will sell it while you have still have chance.

I do not think that new coins will fall. if the bull market will really begin now then the new coins will start to grow very high in price but this will happen after all the old coins will grow. new projects that have survived over these two years will show great updates and people will pay attention to them.

I agree, also having bitcoin alone is not a good idea. Recommendations here by majority is that to diversify your current holding into different crypto as they as well make major movement. Besides if bitcoin were to go down and the other in the top list goes up you won't get the possible benefit you could have since you chose to let your holding be in bitcoin alone.

Just remember the time when the altcoin started. You may know that when the halving took place in the back 2016 and after that the price of bitcoin started to increase as fast as possible and this also gave a boost to the price of all altcoins. So after this coming halving it is 100% expected that another bigger altcoin season will come.

I'd expect that altcoin ratios against Bitcoin will also rise in the event of another major bull run like with what happened in 2016-2017, but converting your holdings to Bitcoin is certainly valid, though one comment I would make is that you might want to spread out your holdings into other major altcoins as they're also prone to rise along with Bitcoin if anything happens. If your goal's just to make more money, you'll see a rise either way in USD or whatever fiat currency you're measuring your gains in even if alts don't significantly surge against BTC and Bitcoin rises.

The altcoin market looks too saturated for the new coins to make an impact. In case a coin goes down by 80% or 90% upon its listing, there is hardly any chance of a recovery later. In such cases, I'd recommend the user to sell these coins for either BTC or ETH. And what happened in 2017 is not going to repeat in 2020. Back then we had too many immature users, which is not the case now.

It really depends on the quality of the project i mean if the alt you are holding is backed by good practical project and the team is working efficiently and proactively on all its aspect then i think such alts will also give good move in the bull market, if a project is not much practical then it has chances of failure.

Many altcoins will not only be left behind in price growth when bitcoin starts it massive aggressive movement, they may just never recover again due to lack of fund for proper development and lost of idea on how to sustaining the project. It will wise to stay with bitcoin and some very few good projects.

Investing in new altcoins have higher risk comparatively, so your decision is the best at the moment. If I were you, firstly I am very selective when it comes to investing in new altcoins, hence any I invest in, I just invest what I can afford to lose. In essence, I would have left my investment in any altcoin I make up my mind to invest in, unless I perceive scam.

yes its really depends on what altcoin you are talking about, if the altcoin has a real bussiness with real case use nothing to be afraid of, thats the problem of most people, they are only looking the price in short period of time, you should focus on the project it self that might be benificial in the long run and i agree that 50% of your invest should be put to bitcoin.

Not all altcoins are doomed to fail. Many high ranking altcoins survived the market well and manage to be still useful and relevant nowadays. There is no point to argue whether what you did is right or wrong. If you prefer Bitcoin today, then so be it. But bitcoin is not alone, many other crypto goes up and down depends on the market factors.

in my opinion it was the right decision because I also did the same thing as you. I haven't held a new altcoin for too long because most of the new altcoins don't last long on the crypto market. so I also sell my altcoin for bitcoin. at the moment I only hold the top altcoin hold. I believe the top altcoin still has a chance to pump when it's a bitcoin pump.

For me it depends on the type of altcoin you hold, if the altcoin still exists at the time of the bear market why can't it stand at the time when bitcoin gets ATH ??
Of course every movement is not really predictable but at least statistics can be a guide for you when making a decision.

I think you have made good investment decision to sell shitcoin and then buy Bitcoin
I myself agree that good investment today just for buying Bitcoin

You just buy altcoin when altseason happen like end 2017, that's the time which can easily to get profit from altcoin
If not, then it's not really worth it IMO

Bitcoin reaching new ATH could also mean the increase in its dominance which automatically also means smaller capital left for all these altcoins but it will act as a natural selection and the altcoins that's still able to survive will also gain benefit of bullish market. New altcoins or project might be left out but only those that are garbage projects or alts. Bitcoin dominance increasing also doesn't necessarily mean those altcoins will be crushed.

at this time the performance of some altcoins is indeed bad and it's true that you say if some new altcoins are abandoned by the team, selling some altcoins that have no potential is the right choice

If that altcoin is held by everyone, it will certainly be an investment you should consider because the project is definitely still working well and makes investors feel secure.

Conversely, if the project does not have any news and the value has only decreased, then certainly there will be no investors want to buy that coin. Crypto market is very harsh and only people with good knowledge can exist in this market.

I personally don't think all the new altcoin would be left out, if there's a bull run. It's basically dependent on the project in question and the trust they've gathered from their community. Exchanging your new altcoin to Bitcoin is not a bad idea as bitcoin is a better store of value.

IMO if you're holding a well established altcoins then there's nothing to worry because even these coins cant soar high despite of bitcoin surging in price, the time will come for them to have their own season. Sometimes alts are not always following btc, just like on 2017 after btc bull run next is alts season on early 2018 wherein most alts are pumping.

Ive noticed that the one increasing are those bitcoin forks such as Bitcoin cash and Bitcoin SV. Though other altcoins are also on the move such as binance, eth, neo and those only on the top coins on coinmarketcap. I think those new altcoins are still on risk of dying out since people are focusing on buying major coins such as btc which I believe the right thing to do. As an investor you should know where to put your hard earned money.

It is true that not all new altcoins will be left out, but I think most new altcoins will slowly disappear if they cannot make progress with the projects they are carrying and if they do not have a community that believes in the projects they are carrying so I think for the time being it's hard for a new altcoin to survive and deciding to sell and invest it into bitcoin is a very good decision.

yes, Bitcoin will leave altcoin for a big jump. when Bitcoin reached the highest increase, at that time altcoin was being abandoned. but after that, altcoin will follow the rise of Bitcoin. as you say. Last 2017 events, in my opinion it will be repeated again. but with new ATH. so, if you hold the best altcoin. stay to hold. altcoin increase can be greater than bitcoin.

I do not think new alt coins might be left out because when the price of bitcoin rises up, it will have an effect on the altcoins price also that might lead for them to rise up even more. It is sure since the altcoins price is dependent to the bitcoin price. If the new altcoins will be dump, that is temporary but sooner or later it will also rise up.

Definitely it might happen because some of the altcoins lacks of volume or no volumr at all and even thou someone bought a lot of it, still no one will buy since trader could see it as a bait to pump the specific coin/token which will they will be left behind of no one will bought back.

That is why we need to only choose an altcoin that we think it could give us a profit in the future.

not too bad, reducing the current altcoin portfolio and holding an altcoin that you think is appropriate is the right choice. because, not all altcoin will be able to follow the trend of bitcoin as happened in 2017. There will be a lot of drama that happens like panic selling, cutting losses, and immediately switching to bitcoin. but not all new altcoins will suffer bad luck, the community and the market will determine.

Good move I shall say!

If you do hold some coins specially non on the top of CMC rankings then its just wise to convert them all to btc.
As we approaching on halving we cant be sure if alts would follow the trend or would deeply dips down and
btc dominance would go higher.In the talk of risk level then its better to secure your position on btc.

The surge is just starting don't be too quick to sell your tokens hold you might get more bitcoin while holding for sometime still.

you said it wrong .

on the year 2017 altcoins did pump along with btc  . and now knowing that btc is now rising again , the same faith can happen to alts  so why did you convert them ?  but its okay becuase you only convert them with btc and not selling them directly for cheap price but you only loose some percent due to trading fee .  dont fear once you start hodling coins, instead have faith with them    .   

We already have many good estabilished coins that constantly developed their product, they have much more developers and bigger fund then start-ups so why you still think that these start-ups could win?  ;)

Right, now almost all altcoin and bitcoin are experiencing good price spikes, so it doesn't hurt if we all hold some altcoin and bitcoin in a few moments, and who knows in February there will be a big surprise in the crypto market.

This is the power of free market, people will freely choose which coin they will use. Not government or another authority that push you to use money that you don't want.

Yup, the fear of the market will be there when BTC going up again. But doesn't that prove that nature will take its course? Only a real project will be going seriously about their progress, even if they don't concern about their price at the market. Just like many alts keep coming and the price keep going low after the launch. But still, it had many many opportunities since BTC is the king and alts as followers. If they keep their progress I think many investors would jump to their tracks.

Even alts in 2017 do not follow bitcoin trend its still in profit in terms of USD. Then after it follow the trend of bitcoin altcoin holder eaens enough profit that they dont even they can have . I found out that there are altcoin that give 10 x or more once altcoin seasons started , thats why theere are traders believe that altcoin seasons will come soon.

I think you already do something right, sell new coins and switch it become bitcoin. New project can't guarantee to get survive but old coin have it. Replace our money into old coin/ project is realistic choice and if we have enough fund, trading or investment will become our new journey. I have no fear about new coin is dump or pump because the real problem is bitcoin movement, in this part negative move can make new coins dying and never came back again.

The problem is confusion. Many investors and people in this industry are having a hard time with their belief which might be the result of the traumatic experiences of continuous downfall of the past. But still, it doesn't mean that such situation will be reflected to the present. Therefore, there is still a chance for the new alts to make a takeover if ever there would be an uprise eventually. There are many good projects having huge potential right now. But it is also a good idea to stick with the current holdings in order to avoid making risky decisions or in other words, be safe from regrets. Take note how unpredictable the market became, no one knows what would happen next.

Withe the little surge from bitcoin since few days now only bitcoin forks benefits the most and i can't see a single new coin surging, what a shame, even interesting projects from binance lauchpad stood silent, this bull run have passed on a message to investors that not all coins will surge

Your decision to go for bitcoin leaving behind altcoins is very good. In fact, this move of yours will get you to a position where you will get more profits in the coming days as bitcoin halving is coming in. I think bitcoin will reach somewhere between $15000 and $16000 in the next three or four months. So buying bitcoin at present is very much good step.

No one knows if what or how or when altcoin will survive or go along with the rise of bitcoin what we only know according to history was if there was another bullrun altcoin will do the same path with btc but time changes its not always be the same as before so we have to prepare and choose the best strategy we can gain profit.

Yes it is indeed the right decision to invest in bitcoin because in my opinion this year the price of bitcoin will continue to surge and arguably provides benefits for those of us who hold the coin. But this does not mean that altcoin is bad or not suitable for investment, there are still some good altcoins that have the potential to be invested like some of the top altcoins and for new altcoins myself I think it's better to sell them.

all altcoins are racing to attract the attention of investors, but many altcoin projects are not trustworthy, they are cheating investors and running off with money, before you really want to invest in altcoin make sure the project is really good

actually altcoin can also provide benefits and can be faster too, but usually the top altcoin can provide even that if there is potential when investing. so to invest in altcoin will indeed require more accuracy compared to bitcoin because bitcoin has more potential to be invested.

Isn't it already being left out though? I mean new alts cannot survive that well in the market even in a positive trend. Some may survive and the others not that lucky.
If we're looking at the market prices, as of now, a lot of alts are having a good price, especially the major alts, but because there's a bit of decrease in the price of bitcoin, it might be why a lot of them is a bit in the red zone. But, it's still a lot higher than the last few days' prices.

That is a risk that you should realize when you invest in crypto. There is no 100% guarantee to see the coin will be staying in the top price or will survive in the crypto market. All you can do is analyze more, and more so you will know what you should do, and if you think that the coin will not survive in a long time, you can sell it at any time but make sure you can sell if the price can be higher as your buy price so you can make a profit.

In my view for global crypto market we still need altcoins so major altcoin such as Eth or maybe ripple will never been lack of interest at least for next several years and having them into your portfolio will be good because they very potential altcoins but if you so fear altcoin will left out i think it's not wrong because if we compare bitcoin and altcoin then the safest coin to invest obviously bitcoin so basically i want to says if you didn't believe altcoin then stick to bitcoin also good option

Bull run means entire market will be affected. Shitcoins will run up. I mean,,, just look at this current rally. Bitcoin led the way as usual but all the other alts also climbed, most even higher than Bitcoin but volumes did not really jump, Bitcoin was the one doing all the heavy lifting. So yes,,, keep your value in btc if you do not have time to speculate.

Not every altcoin you see around is useless. Some will npt just survive, but will make meaningful impacts, because they have long term prospects. Yes, there are so many of them that will die, because they lack that which is necessary to survive. Your choice will determine what will happen, irrespective of whether you are investing on them or not.

Its getting more tougher for new projects to become successful in adoption rate and find raising simply because of ruined trust of investors, to say the truth many new coins are just repetitive of old projects that's why they never succeed

It will still depend on what altcoin it is. What's the purpose and use. Some top or tested altcoin will also pump when btc pump, but in terms of some new altcoins especially if it's just like the use of old alt project then it can be left out. All depends on team idea, progress and how they still market it.

Yes, we can use ethereum as an example. Its price follows the price of bitcoin. Every time that bitcoin increases, the price of ethereum also increases. It will really depend on the project and its development. If it will be able to be one of the most pick altcoins in the market, then there is no wonder that certain altcoins will survive.

Not only just new, but many old coins will vanish too, it's because of lack of investors, volume and developments! So, it's always better to sell them and convert the money in Bitcoin or Ethereum! I already sold all of my shitcoins, and collecting the Bitcoin and some of my other picked coins! Though I don't know Bitcoin price will hit a new high or not, but it's possible for bitcoin to reach at least 15-16K ISD in this year, that's double of the current value.

Something that really must be done. I also have a lot of shitcoin, some that still have prices and some that don't have prices. All tokens that have prices I sell and move to Bitcoin, it's a good thing to do. Because remembering bitcoin will continue to increase going forward.

I used to think negatively just like what OP stated on his post, and I tried to reverse the psychology that I need to be strong. Facing the challenges this year is a very exciting path to future wealth. My motivations here is avoiding being too emotional with altcoins market, because it's the number one reason why a person panic in the long run.

New Altcoin needs time to be able to compete with established coins or tokens. As a new project, it takes time to gain investor confidence and also develop its products and I think it is a safe step to sell new project tokens and exchange them for bitcoin

Indeed, when a new coin enters the market it will take lots of struggles and hardships to prove the worth of your coin and that will take years to be done but once your coin gets known it will be worth it because investors will trust it but in this year new altcoins can really be in danger because of the possible massive price pump of bitcoin that can surpass its ATH so if you have quite big money on new coins then it is a wise move to convert them into bitcoin or other worth it cryptocurrency like ETH.

I think, almost everyone thinks the same as him. I also think that altcoin is starting to be abandoned, so I refocused on bitcoin. It's just that, I didn't change my altcoin to bitcoin, that's because I saved ethereum, and I believe that the price will go up as the price of bitcoin goes up. so, whether it's in BTC or USD pairs, the price will definitely go up.

I have the same thoughts as you. I have a lot of new coins from the bounty in my wallet, I keep holding it in because now the price is very cheap and some have no idea the price. I am sure if the altcoin season arrives they will have a much higher selling value than today. all you have to do now is keep believing that the altcoin season will come again and keep looking for new coins  :)

Anyone is entitled to their opinion, if that's what you think about the market situation then it's fine as long as you are confident about what your doing, and we can't blame you. because base on the market trend today, only few alts is showing some positive gains and most of them is not performing well. that's why selling some of your altcoin holdings is a surest thing to do.

New altcoins can't be left out because they are here to fix what the old coins can't get fixed, only bad projects will be drag down by bear market or other common issues affecting new coins nowadays, if a coin is very useful it will surely caught the eye of big investors

If I were my friend, I wouldn't sell new coins. we should not abandon altcoin because if all supporting altcoin will be very developed and bring profit no less than bitcoin ::)

Cryptocurrencies will not be abandoned, new replacement money will not be abandoned, so trust them. Although altcoins are not as strong as in 2017, they are still stable and have many opportunities.

It all depends on the conditions of the project itself. as you said if the project is good and has the proper function to survive in the market then they will get support from investors. but when it is only a junk project even though it is listed on the exchange it will not guarantee that they will be able to survive in the market. without being thrown away they will die themselves.

You have to sell some coins for bitcoin right away and always because it can help you not to lose too much but even to make a high profit. ICOs cannot invest anymore.

Everyone that holding altcoins are maybe thinking that move too, however that decision is too easy to do but you may not know that not all altcoins are going to vanish because there are still altcoin projects that doing their best to be existed and continue for the future. think twice and choose a better one on your list to drop and choose the one that need to stay and hold for long term.

I think this is a good news,bear market have advantages as well. It cleans the whole altcoin market, those who have no usecase and built on pure hype will not recover on bear market and will continue to dump as they vanish from the space. I love to see the industry that is there are altcoins that real life usecase only and those who didnt have will not recover and will continue to die.

It's your decision after all. Bitcoin is a good choice now that we're seeing a good news on bitcoin's price but just want to tell that don't be afraid of investing in altcoins. They also have a future but you just have to choose the best altcoins among all those altcoins about there. Personally, bitcoin is safer but don't doubt altcoins. Choosing some new altcoin is also fine but you have to choose what you think have a future in the market.

You can sell altcoins if you notice a sign of scam or no product in the long run. The altcoin market is now not like 2017, there are so many scam and useless altcoin today so it is difficult for the altcoin market to grow strongly. We need to get rid of these altcoins before we see a bull run for altcoins, and if you are holding the top altcoins in this market, you should keep holding on and wait.

If bitcoin reach ATH only top rated coin will pump like 2017(In my view).low rated and low trading volume coins cannot rise like 2017.if you have low quality coins then better to sell your coins and move to bitcoin.I am already sold few of my shitcoins and holding btc.

Fewer and fewer ICOs are getting listed every month and the success rate shows no sign of improvement. There may be good projects out there, but searching for them is like looking for a needle in the haystack. I agree with you. Depending on the future prospects, we need to sell some of these coins and tokens for Bitcoin as soon as we get them in our wallet.

New altcoins will perform better than old altcoins when altcoin season returns, i know it's pretty hard to figure out which new coin have serious team and serious aims because of scammers but it's not impossible if you can spend your time on research

I think you are doing right, since bitcoin reach new ATH, there are many new altcoins listed on exchange. You just need to move from new altcoins into potential coins, its hard to choose one what the good for long term, but you have choose to buy some bitcoin by sold your alts.

I would too have sold all such altcoins who have least value and might turn out to be a scam token soon in order to convert those capital into bitcoins. Bitcoins are on the way to enter the bull runs but it might even carry some of the altcoins along with it.

We might expect a bull run coming in short time which would make us bear greater profits if we have our capital invested into a specific coin which does undergo the bull markets. I do believe that most of the tokens from new projects might not undergo through these bull markets and hence it is necessary for us to understand the demand for those and shift our capital from those into stable or profitable coins.

In 2017, I think we will not be back soon but over time I have sold most of the altcoins and invested in bitcoin because bitcoin has the infrastructure and manifests itself as a stronger currency in comparison with others.

i agree there will be a lot of altcoins that will be left out when bitcoin price increase
it's really hard to know which coin will survive this year so it's better to sell your altcoin for bitcoin because the risk is lower on it.
in bitcoin, there is incoming halving so there will be a price correction while in altcoin there no incoming event

We can't know for sure which altcoins will not grow but bitcoin is the best coin to invest on and can bring more profit than others coins in long time, and is possible to not have same market as we had in 2017 but who know anything can happen.

You right will have new coin be left out because developer not serious how to make their coin keep stable with higher price, never have ideas with how to make their coin become adoption in market and use by bigger company in the world, just think after finishing trading and listing coin on market they are never give and make decision how to make their coin keep with higher price.

It is a good and a righteous decision to make on selling some coins for the sake of buying more Bitcoin because it can be more reliable and as of the moment, the price is striking into the positive direction which is a good kick start for this year 2020. Just sell those whom you think are not worthy for long term holding or those that have been stored for a long term but still no improvement or nothing happens after a long period of time being hold. Sacrificing those coins will be worth it because you will be purchasing Bitcoin which we all know is really a potential and reliable cryptocurrency of all times. If you are planning to sell new Altcoins, still it will be good if you will be buying another Altcoin instead of Bitcoin but just assure that it is worth it for a long term hold for the reason that Altcoin market is still struggling to rise though there are improvements being showcased on their part. If you do really a secure investment after selling your coins, it will be your decision if you will go all out into Bitcoin or part of it will be invested also into some potential Altcoins of your choice.

If bitcoin have started to reach it's new ATH sooner or later, i think the new altcoins that you are prefererring too will really be left out because people will be putting most of their profits in bitcoin and top altcoins, so there will be no people will decide to put their profit in new altcoins if that happens.

selling some worthless altcoin is not a bad idea, if I were in your position then I would immediately sell altcoin that is difficult to develop and change it to bitcoin. therefore it is important for all of us to always update the investment both old altcoin and new altcoin.

You are not giving any details about the altcoins in which you invested and in that case is very difficult to tell you if you took the right decision and we can only give some general advice, at the end of the day I do not think it was a bad decision, bitcoin is going to perform well during this year and most likely during the next year as well and in order to get those benefits you only need to do two things and those are to get some bitcoin and then to hold that bitcoin no matter what.

Staying in btc or eth is the top strategy and majority of the market adopts this strategy especially it works wonders in the start of downtrend or end of bull market where alts suffer the most. Secondly the best strategy to jump in btc or eth is the ultimate dip, that too when you are quite sure of the dip and also lucky.

I could've held few coins that are already in top. You can never expect a lot of altcoins that will hold out for 2 years. I remembered that I was hodling AION back then but when I checked its price now, it is kinda low.
While we can expect that altcoins could follow Bitcoin's footstep sometimes in terms of its value, not all can sustain through bearish trend.

Good decision on your part and this is what actually will happen when the new all time high, hit us again, this is going to be very much different from the one we had, this time only those coins with proven usage will remain in the market and gets pump, it's like a purging of the market.

It's not bad idea as long as it has no potential again and it must be converted into a better coin like ethereum. You can even change them all into the bitcoin but you will minimize your chance to get a huge return and look at the current market right now and how altcoin was growing a lot these days and some altcoins increase more than 100% percent.

the last two years we have been in the bear market and also many scam projects going on so that this condition has made most of the new altcoins and old altcoins lose investors and cannot survive in the crypto market. so I think it's the right decision to sell altcoin to buy bitcoin. but I'm also still optimistic about some of the top altcoins like Ethereum, EOS, Binance, XLM and LTC. I think Altcoin still has the potential to grow and the price to increase.

New altcoins i think more risky than old altcoins especially top coinmarketcap coin. I talk about which is more risky because we know all altcoin possibly have risk when bitcoin reach it's ATH that is why we should know which one is less risk to pick. If i be you i also sell my new altcoins/tokens especially before it dont't have value anymore.

its not the first thread i am reading about people who are selling their alts right now
if its true, so its the most wrong place to sell alts for btc
you are most likely selling the bottom

We can never have profits without any risk. There always is a risk factor which remains constant no matter in whichever coin we invest. Even investing into bitcoins or any such major coin can be riskier if you made a purchase on the peak. You need to wait a long time in order to gain profits again by selling the coin above the price you bought.

You should gain some patience which would never allow you to sell your coins below the price you bought them because it would only give you loss. Even if you have bought some wrong tokens, yet you should wait until the price at least reaches the price you bought them so that you can sell those for no profit, no loss and shift onto some profitable coin analyzing the buy points.

There is more opportunities in investing on new altcoins than old altcoins, i think old altcoins have already shown how far they can surge in last bull run of 2017, i prefer mixing old and new coins just in case and make sure you are not holding scam or shit project

Mixing is a good options since there's  still possibilities that both will performed. And like what you have said new projects are able to materialized
if there's good back up and real usage while old projects that already have big communities and performing can top up to previous peak and bring
huge benefits to your investment,.

Actually I do the same as what you have been done in which I already sold some of my altcoins in exchange to buy bitcoins because it will be a hard lost if we will be able to left out some of my altcoins so I started to sold and trade it for a better profit than the normal. This probably the main decision will the others do if they are afraid to lose a very large amount of money, and as usual all of us are afraid on it so better if we will just sold and exchange it to a better coin that we all know can air anytime like bitcoin. That would I have done if I will go or step in your position.

No way , im just give up with new coin
Im just investing with old coin maybe for next Q3 i can research for new coin and i wish can found good project there

Your strategy is not that bad but I suggest that you at least put your investment into more than 1 coins/altcoins. But forget about the new alts and make sure to invest in at least top 5 currencies.

They are more safer compared to new alts and they also reach a new ATH the same with bitcoin last 2017 like ethereum.

indeed many altcoins in 2017 could experience price increases because cryptocurrency conditions are currently good and many use cryptocurrency as one of the transactions that is often used, but when there are many cases of fraud, scams and cryptocurrency theft cases then all cryptocurrency prices including bitcoin prices collapse immediately and many are panicking, so to make the price go up again it is very difficult to happen because the trust of traders has been lost.

Yes, it is better to mix old coins with new coins for now in terms of investment, but I would rather hold large amounts of old coins than new coins, although old altcoins have shown how far they can surge in bull increment.

Many new altcoins will bring the highest profit to investors because of their better features, project like origin protocol and liquiddapps is something fresh and stay away from new projects with old features and you will be fine

Still depend on which altcoins you are investing, let's not practice doing investing a lot of altcoins because we wanted to have a lot of option, rather having at least just 5 but well searched and you are confident with it will give you more profits rather than having more than 10 which you don't know what they are capable of.

We have a good saying: an old friend is better than the new two. That is, I would not rely on the rapid growth of new altcoins, but it is better to wait for the restoration of the price of old ones.

You know, I also have such a concern that altcoins may not show the desired growth, but will be used to support and increase BTC. In this situation, you need to correctly distribute the funds and I think you are right, you need to take part of the BTC. I also think that now it is very important not to get out of the race early and wait for the growth we need to make money on this.

Definitely, many of the altcoins will be left out but the problem remains in anyone's inability to identify the ones that will not do well. You might sell an alt and slightly after a few weeks that same alt moons. Won't you beat yourself silly when that happens? It could be the other way round too - you keep an alt and it becomes worthless. So, for me, it's a big question on what to do and what not to do.

Old or new, there is no difference for altcoins, the only difference is whether it's legit or not.
When there is a bull run, if we based on the last trend, even the shitty coin will pump and there's no need to dump everything as this market is big enough to accommodate even the scam coins because there are new comers who are greedy enough investing without ensuring they have enough understanding on crypto.  they might again think it's an easy way to make quick money.

IF it were not legit the coin could have died already. A lot of the coin we suspected to be scam since 2016 are already dead, if they'd been revived this time, its because they are up to scam again. Those were delisted and not present in any exchange right now should attract new investors today because if they can, the cycle of scam will keep going every time the market situation gets better.

New altcoins with their project owners still active will not be left out. I think the altcoins season will see a surge in the price of few alts and not necessary all of them because most already lack volume and liquidity

If the one I am holding is being abandoned by the developer then, yes I will be selling my altcoin for Bitcoin.  But if the project developer is still active and delivering projects then I will not sell it for Bitcoin and just hold it.  Who knows, with the altcoin I am holding, I might have more profit than selling it in Bitcoin.

   BitDane you have a point, if there is development, if the team works hard, than it would be good to continue with holding. This is
why we need to check coins and tokens we hold from time to time. I can add just one more thing, community! Every good coin have
a good community, if the team abandoned the coin or there is no community to support the coin then it's better to dump that coin
if you can, if it's not too late.
   

Indeed altcoins in the market are getting overcrowded. There so many altcoins to invest right now that it becomes confusing to choose a really good one. I think altcoins would have great potential this year with the development in the blockchain technology. Some will fair well and some projects may perish. So if you have invested in a really good coin, I think this year would be good for you.

People in this market get too impressed by the profits that they can get out of new coins and then they are surprised that when they try to invest in those coins they do not obtain results anywhere near their expectations, and that is because most of the time those new coins go through a pump and dump and then they never recover, so it is completely unpredictable whether a coin like that will give profits or not so you are not really investing you are just gambling with your money and that is not a good way to approach the markets.

Yes, you are right! Many new coins are being created to earn some bucks! Like every P2PB2B IEO projects did not see the light, they gathered people's money and then vanished, Freelanx is the latest example! There are many projects launched last year, just have a look back again, 70-80% new coins are no more, vanished totally! So, everyone should be careful about investing in new coins!

What makes much sense now, from my point of view - the value every single solution is coming with. And great strategy for choosing the solutions - getting deeper into the industries you are experienced in. For example, I am fond of attending events and I see so many frauds on ticketing market. That's why I became interested in finding real platforms that use blockchain for transparency and reliability. And you know, the most effective solution these days is GET protocol. Guys are not coming with something abstract, but fully working concept - they are already main ticketing partner of Oerrock festival, for example. Check out more on them, curious to hear your thoughts

Well I still believe  some new good altcoins will make some positive move because of their use but I would rather go for existing good altcoins  to add to my portfolio,research  is always key. 

It would be nice if you brought a list of your "new" altcoins. Personally, I know a fairly small number of new projects that are worth anything.
Are you talking about bounty coins? If so, then you made a very good decision selling them in favor of Bitcoin.

If the project does not inspire confidence, then it is better to sell and buy coins from the top ten. But this is only my personal opinion, the choice to make to you.

The purge of the shitcoins isn't yet over though so the ones that were launched recently will still undergo the process of pump and dump before it will die. It may not be today but probably after halving pumps.  If the shitcoin isn't going to be added to at least a decent market for investors to see it exist, it will eventually die just like the ones that were just on the dex.

Exactly.. there are more crypto currencies in the market than the 2017 and it may not be possible that all of the alts will be pumped in the bull run. Just like you i am also holding some alts which i believe that they will touch their previous ATH positions and then i will sell them for the past prices . i am strongly holding my alts

You have just made a right decision selling those new Altcoins if and only if you have already proven that after a long term wait, the price does not improve even a little bit because if that's the case, you must sell it as early as you can as long as the price is somehow desirable to give you even a small profit or at least bring back your capital invested to purchase it. But if you see that the new Altcoins you do have shows improvement in terms of price, then at least give it a little bit more time to rise up making it more beneficial. Just sell those whom you think are not worthy anymore after a long term hold and just buy more Bitcoin for safe and secure investment also have the potential of growing. To add up, you can also do purchase potential Altcoins in exchange for those Altcoins you have sold so that you have both Bitcoin and Altcoins all at the same time for more beneficial aspect.

Good.

Most new altcoins are absolutely awful and don't deserve any attention whatsoever. If they can't succeed without raising millions of dollars in an IEO or ICO, then they shouldn't exist, pretty simple.

The vast majority of major cryptocurrencies that are around now didn't get any special funding so early on. They made it to their current start with pure fundamentals and community spirit. It's quite clear you don't need money to build a successful product if you've got something people want and are willing to contribute to for free, ergo Bitcoin!

Let the alts die, kill them if we have to!

Just depending on the coin you should be very careful of what you throw out some can actually turn gold so if i were you i will check details careful then making some basic assumptions and analysis might help you out but dont just sell like that

It will be a good decision IMO. Moreover halving event will be held at this year and that will be a good increase for bitcoin price. Seemingly, pra halving event has been felt by its user, bitcoin price has been coming back to increase even I saw yesterday its price has touched $9000 which I think that will be a good start for this year.

But if you have a good altcoin such as ETH or BCH then I think you should thinking again to sell them all. If I were you I will sell some of them and the rest I hold it for at least bull run for bitcoin will comes. As you know, ETH price has decreased a lot if we see from its all time high, most likely if bull run comes its price will surge again and touch its ATH back.

new altcoin projects are already used to have a price of almost -99%, but you should not have to sell it, just save it, and wait until the project really works, if successful then the price will return again.

Even if that was having a fully working product doesn't mean if the price of coin will be recovered instantly. I have seen so many projects have been loosing 99% from its ico price and then they have made a good product but the price still remain the same. It's a difficult thing to bring it back again. The only chance to do mass marketing

Fully hoping for a new altcoin is indeed very risky. Unless this new altcoin has a product or something that makes them survive with the crypto market which is still not fully stable. In my opinion, what you do by changing altcoin to bitcoin is one good step to avoid this big risk. Unless you dare to take risks and hope everything to the new altcoin.

Of many altcoins that do have a guarantee of a bright future why do we have to choose a new altcoin that does not have a clear future? If I were personally, I would not risk risking my money on the newly developing altcoin because it clearly has the potential to lose the money I have. It's better for me to keep investing in old altcoins like eth, bch, bnb and even bitcoin which has been recognized by the world.

but there is still a new altcoin that has a good impact, maybe a small existence but surely there will be. but in investing it will be more altcoin recommendations that already have a good volume, because this will discuss the funds spent. but if you want to invest in new altcoin then it would be better to use only small funds.

The future of the new altcoins is affected to where it's listed, exchange has a big effect on the future of the project and if the project is good, devs would ensure that they will not list it in a shitty exchange or exchange that has low liquidity, that's why most of the projects that are successful are listed in exchange like Binance and other high volume exchanges.

You have right to decide when investing altcoin but I will never choose the old coins because these coins have been rising very high in the past. I think it is advisable to look for new projects because these are the projects that can help you to make higher profits if the market enters a period of increasing prices. Of course, it is necessary to study carefully before deciding because the market has not been able to escape from bear market.

It's always a wrong idea to invest in altcoins that just start their early life in crypto space, its just like in those days where someone got his bitcoin at 30$ each and the price dump back to 2$ per bitcoin, these things will surely happen at the very beginning of a coin's joruney, the best time to invest in new altcoins is when they gave show sign if staying around for long term

It is reality that most of altcoins will be vanisehed from the market,May be new coin will replace the shit coins but it doesnt mean that the crypto will not survive,Actually crypto is great technology of thi era and changes the lives of people and create easiness for individuals related to the financial market.
Crypto helps people to live and work with independance because there is no any regulator body which look after the crypto so this is reason more popular in the world.Crypto will survive for long but shitcoins will be replaced by others.

not all new altcoins will be abandoned, some new altcoins with good projects will slowly grow and the price rises but it is very difficult to choose a new altcoin with this potential so if I myself would sell the new altcoin because I could not choose a good new altcoin

I dont fear about new altcoins I am investing in some new projects not from top100 even and its good and promised to me.

Well, it is a good idea. You are just making sure that you won't miss the train once bitcoin starts skyrocketing again, which is hopefully to happen soon. If you think the altcoin you're saying doesn't stand a chance to survive in the market and does not have any potential to grow in coming months, well, what you did is like what I've said is still a good idea. After all it's your coin and your decision to make what to do with it. But take note that not all altcoins can't survive and pump in the market. Just a simple reminder.

if there is no other choice then as soon as possible I will also sell it if the new coins that I have saved do not have a good sale value or are difficult to develop. but if a new coin has a working product and the developer is always updating their project then I will save it.

You are right it is not good to choose any new coins when you have a good choice already so according to me in the market only two coins are trustworthy that's bitcoin and ETH. Trying new projects and new coins is not good because we don’t know either it will grow or not so we should invest with certainly rising coin those are bitcoin and ETH the most worth investing coins.

Most of the new altcoins are already out of the game since their inception as most of them didn't raise the necessary funds to make the project come alive. Other simply walked away with the money or blame it on a poor marketing ideas and how they ran out of funds and they want another round of "ico" in order to get more attention from investors. So this is it ...we stick to the old coins who have something to prove for crypto world and we leave others untouchable so they will go extinct.

I would have never thought like that nor acted like that. In 2017 many altcoins with prospect where able to find more  surge than those with nothing. Backed in those days, I sold some of my altcoins good and will like to keep more. altcoins against the coming halve which may be superbly compare to the past. Although, selling now for bitcoin still have advantage but for me, wait!.

but not for all my friends. if you have the top altcoin on the market, then you need to reconsider before switching to bitcoin. I mean, some and not all of your assets. if I were you, switching to bitcoin but not all, set aside a portion of altcoin for investment as well.

I have the same fear as you but I still believe that some new coins will be big in a long time.  on average I only sell half the new coins that I receive from the bounty program, IEO/ICO investment, or Airdrop.  collecting and HODL a few new coins will not be in vain.

The fear is not only to you, i also felt such, but since harmony did well, and followed consecutively with tokoin stability. It has made me realize that as long as the project is good and the product is quality, It will excel.

It might suffer like every other coin does, but it will bounce back.
I am equally eager as to the next ath. And for me personally, i sell only when im in profit.

AAlways dyor.

If I am in your position, I will sell coins which in my opinion there will be no increase in the market, and I will use the coin sales money to invest in some coins that have been learned in order to get profit to cover the losses.

Many new coins have fallen even though the market is growing, because new coins have no real products and are less interested, if you sell new coins for bitcoin in my opinion is right decision, rather than you losing most of the money because of new coins that you have dead

as long as the new altcoin still proves to be good in a high-reputation exchange, you don't have to have excessive worries. If you are in doubt, then you can still choose bitcoin and do daily scalping on altcoin in an effort to get quick profits and stay on the main coin pairs, no need to buy and hold it for too long if you're not too sure.

I will that if I am in your position, I have long sold all my altcoins because for me Bitcoin is the coin that should be the main portfolio, but I don't discount all the other top altcoins in the market, only those altcoins that are performing badly in the market, I still have the top 5 altcoins in the market because they have my full trust.

What are these coins you are pertaining about? As fas as I remember moat of the alts rise up too during bitcoin's bull run, hmm ???.

Anyway, If I'm in your position I will definitely sold out all the tokens from different "promising ICOs" you've got ::). I know you will get losses due to this move but at least you already cut your mistake earlier rather than seeing it getting even worse. If I were you, I will only invest to bitcoin but if there's really a strong need in your heart to invest in alts then why not. I advice you to only pick with stronger foundations like bch, ltc or doge. Besides those coins are more reputable. Good luck :).

Some projects are left behind because they feel unsuccessful as the Dev launches a platform but there is no glance from the different communities or investors, the result they go without completing the roadmap. But in some good projects, it's not that way so it depends on the project and their community is still crowded, so don't worry. If in doubt sell and buy Bitcoins for the future.

I'm only hold altcoin that can be trade directly into usd because those altcoins have good liquidity and price not too depend on bitcoin pump/dump. I think those altcoins must have some good advantages to be trade directly to usd and holding these will have me to stay safe when market crash.

There's really nothing to fear about, in fact it's better that we have a purge so that only the best coin in the market will remain, so the developers will not be lazy to update the platform and the community and they are also active in marketing their project, it's good for the community and it's good for the industry, and every investor will not lose his investment.

yes, we don't need to worry while related projects have strong teams and even coins already have big names on various exchanges. it is likely that if the related project is sufficiently potential then in the future of course the team will continue to develop and even promote it so that it can attract more investors

The most dangerous coins to hold are the coins we earned from bounties, 99% of bounty project already lost 90% of their value, only very few has good value now, i made a mistake holding few bounty tokens and they end up worthless, just a fair warning though

not everything is like that. although the tokens of many bounties have experienced a large decline but it is a long-term project. they need time to strengthen their markets with good updates. and it all depends on the project that is running.

Investing on new altcoins especially those acquired or earned in a Bounty Campaign is like gambling, you will win when it goes with Bitcoin's price. But if it doesn't move to the top and affected of a dump then you will loose lots of money. I guess we need to select altcoins that are good and have a trending tendencies.

They should be self funded and they should be proven their platform first before they will finally have a new set of investors, we were all tired seeking for new project and at the end of the day just turning out to be scam, that's why we cannot blame them, and for those new altcoins, they are still welcome just they need private investors first that will help them.

most of that will happen in the long run for really good projects. take a look at projects that are now successful from the start that have a bounty campaign. like the DENT project that used to be very cheap and took more than a year to build their market so that the price could increase.

And that is because most of the value of a coin like that comes from speculation, a working product is not going to make a lot of difference, it is not something that I like but I have acknowledged this is the case and most likely nothing is going to change during the next years that will modify the behaviour of investors, so what you can do? Avoid those projects and concentrate only in the ones that are actually recognized by their product and the only coins like that are the ones at the top.

if I were in your position, I would still hold the top altcoin and also invest my money in bitcoin too. for me the new altcoin is quite risky when compared to the top altcoin in the market, my advice you need to compensate. I mean invest in top altcoin and also in btc.

Actually it never hurts to invest in a new alt coin, especially if indeed altcoin continues to grow in exchange, but now in reality the new altcoin is not able to develop in a timely manner like the old altcoin which already has a large community and maybe this is caused by fears of traders and investors because of many new altcoin projects that led to shit coin and fraud]

I agree actually no big difference with new or old cryptocurrency. Now there are no bull run but many shitty coins pump much. Without investors a lot of altcoins have good price and trade volume less so what it’s significant value? Nothing.

Newcomers don't know enough about all of the altcoins. Sometimes they emotionally will invest money in worst place. 

There's no room for you in crypto if you fear, you should be strong and willing to take the risk or order for you to succeed.
New altcoins are created because they have a new idea and actually people likes new idea, they'll only fail if they can't compete with the existing altcoins in the market, in the end, only the strong will survive so when investing, choose the strong ones, regardless if its old or new.

New altcoins are created most of the time so the developers of those coins get profits out of them, people need to stop being so naive, when the whole thing with icos began you may had a point, people were creating projects because they saw they could try to improve upon the technology of bitcoin and they decided to give it a try, but now we know that most of those coins are going to fail because they are not really trying to surpass bitcoin anymore and the developers are just trying to enrich themselves.

And I believe that another very important component is the reliability of exchanges today. Even though leading exchanges are working on improving reliability, there is still much to work on. What is your attitude towards such kind of wallets? Or you are more on hardwallets side?

From my point of view, much depends here, but vast majority is still choosing online wallets. However what I have noticed - there are more attacks on exchanges, so there is a shift to hardwallets

Selling altcoins for bitcoin is a good decision because making bitcoin as the main investment is the most important, but I personally do not worry about it because when bitcoin reaches a new ATH it is very possible for altcoin to achieve it too even though its achievement takes longer.

This is exactly what I have noticed as well. The problem I figured out - there are many pretty similar solutions, however they are not coming with something unique that would be advanced and attractive

This is true. I would say that I am only aware of 1 truly advanced hardware wallet. Kinda unique one, with own standards and real results

Which altcoin actually depends? Is that from IEO? if yes, it should be good to leave, especially if the IEO comes from a launchpad which is not clear because in recent months their prospects are very bleak, but if they come from a good launchpad I think keep some and sell some because I think a number of altcoins will succeed at ath this year.

What is the one you are talking about? Curious to know, cause I couldn't find the one that would meet my requirements

The one I am talking about is GetHashWallet. Basically, one of the most advanced solutions these days. This is a secured and private hardware wallet, it is arrow certified and reliable. What also makes sense - guys had successful campaign on Indiegogo. And the product is already available for sale, so everyone can try it out. And I recommend you to have a look at their website, cause there is a lot of useful info available there

I would have equally sold out my starsh too because, new coins are likely to disappear within some short time. Many coins in my wallet have actually disappeared to zero due to hype of different magnitude from new projects. For now, any new coins entry into my wallet will be meant to be exchange with Bitcoin. Am better with Bitcoin and not new coins.  

In my opinion, as long as you keep a new altcoin that has further price developments then you don't need to worry about leaving it, unless you have a new altcoin that is difficult to develop, then you need to change it to another cryptoqurrency that is better than before. but it's much better if you prioritize bitcoin for investment.

I support what you said for we're in the market season where the direction of crypto market is determined by the bitcoin market.
@OP, there are several things which will tells if a new altcoin will follow bitcoin once the bull run market start but the level of community support are very important.

but the tokens that you receive at this time are that most of them are not too optimal to be developed or indeed have been abandoned by the CEO and its developers. can hold it until the price can go up to be expensive but do not know when it will happen.

You can't expect a good community support when the market is not bullish, most likely, people will mostly support on old and strong coins compared to the new ones, if the market is healthy again, that's the time we will see people supporting individual projects they like but when the market is bearish, people will fear and will always make sure they stick with the stronger ones.

Altcoins are waking up slowly now as we may see. But I think if there are some strong movements on Biitcoin, money will flow back to BTC immediately, so be careful now.

Its best to stick to bitcoin and altcoins that already prove their worth. There's a chance that new coins might be left behind if the price of btc rise, even well established alts are sometimes not following the movement of btc so what more the new ones?

Nevertheless its good to diversify but choose where to invest because its our hard earned money so its better to be cautious.

why need to ask us here when you are already selling your coins?does it matter if we say not to?and anyway you are making a right decision because we cannot blame you as there is a experience after the 2017 Hype and most of altcoins fell and some almost dead now.better stick to bitcoin because we are here in 2020 when the expected growth will happen as the awaited Bitcoin Halving will happen.

If you still have some that have not been converted to bitcoin, then it is better to convert all the coins you have to bitcoin. Because it's better to do everything that has happened and hope that bitcoin will continue to increase going forward. So you can benefit.

Yes, recently many old altcoins have gone pretty well. I only sell some of them. Most of them are now very lowered in price, so I see no reason to sell them. Some of the altcoins can bring much greater profit than even bitcoin. Therefore, the whole thing is in a specific altcoin. Some will be useless, others will be profitable. I do not think that all tokens need to be exchanged for bitcoin.

youve made the right decision selling some of your altcoins that on near death, if i were you i will also do that .Some altcoins will die this year because the team has stop updating the project and thier community.

selling new altcoins to invest in bitcoin is very good but it all depends on the project because recently I also saw some altcoins that have potential in the future

yep not all alts are bad and if you think the alt that you have , have a potential why will you dispose it  ?  even if you dispose it for btc that is still a bad move imo   . but keep in mind that there are also altcoins that we think good but it turns out bad at the middle or at the end of thier session  .  these are the coins that we must avoid because these are the coins that will left out  .  if you are unsure ,  then better if you only pick btc since also wanted to swap your alts for btc later on   .

I truly don't think new alt coins may be forgotten about in light of the fact that when the price of bitcoin ascends, it will affect the altcoins price likewise that may lead for them to ascend considerably more. It makes certain since the altcoins cost is needy to the bitcoin cost. On the off chance that the new altcoins will be dump, that is impermanent yet sometime it will likewise ascend.

It varies from project to project, yes what you did was the right though if you aren't holding at least the top 10 coins in CMC. Nowadays many altcoins are just replicas of others with nothing new to make them relevant. Also, for someone who want to hold long term most altcoins aren't worth it because swap etc. Furthermore, anytime any day, holding BTC is the best bet as it stands to give more returns unlike other altcoins. While a greater number of altcoins aren't worth it and will surely miss out should there ever be a surge like that of 2017, altcoins like Eth won't be left out. So like I earlier stated, it depends on the type of altcoins.

This is also a very reasonable decision. I also sold a number of small alts outside the top 50 CMC, which are Komodo, Enjin, BTT. These are the alts that didn't have a good growth during the bitcoin bull run. I think our investors are wiser now, they are gradually selling non-potential alts to hold bitcoin and gain good profits in the long run. That's why the Bitcoin dominance is still at a high level of 66% and the rest belongs to the top 10 alts. Maybe investors are fed up with the promise of shit alts out there, now is the time. The crowd invested in the top alts. We should follow the trend to get the best profit. ;D

You guessed right, i am a altcoin investor since 2017 and i never have interest in bitcoin because of its huge value but today i sold all my altcoins in my portfolio leaving only ETH, BCH, and few New Altcoins that i belief in, just in case, now all my cash goes to bitcoin and i feel comfort since then

Investing in new projects is a risky situation. But if the project is legit and has good vision, your profit rate can be quite high. Therefore, it is necessary to evaluate and analyze the project very well. In addition, many new projects were canceled in 2019 due to insufficient resources. In this case, it caused investors to have less confidence in new projects. However, all new projects are not the same. Therefore, I think the important thing is the project itself rather than the project being new.

Your feelings are real many Altcoins will be left out sooner or later. It's best you do not attach emotions to these things. Stay safe in Bitcoin which has public opinion supporting it.

Some of your details are accurate. Bitcoin are started to pump and also a good alt coins, For me the chance of new alt coins to be famous has reduce on my side, But it is still depends on their blockchain tech if hows it will be use or more use cases.

Of course not all alts are bad, but we really have to admit that the majority are. I even say 99% but I think it's more. 5000 altcoins means only 50 good ones and I personally think even less than that.

No need for anyone to play the game I think. Makes the market worse. Just stick to btc.

when bitcoin is pumping this situation will be very good for altcoin to update. at times like this, the enthusiasm of investors becomes more. but as you say, it depends on how the use of technology and the use of their platform is accepted in the market or not.

50% for long-term investment seems good, but you must have a good strategy if something bad happens in your investment, not all new projects end successfully

Currently, the safest investment is Bitcoin and all the remaining altcoins are at risk.  2017 was the golden age of Altcoin but through 2018 and 2019 we have seen their excessive value decline.  We cannot foresee the fate of every altcoin but we have experienced that Altcoin will never be more stable than Bitcoin.

to repeat the golden period or get big profits like 2017 I think bitcoin is the best choice. we really can't expect altcoin to be as good as bitcoin but it looks like the current market is strengthening altcoin too.

Logically right, bitcoin have the advantage in terms of bouncing back and for long term or short term trade. It's tough to pick which alts to invest but
if you are really aiming better to work harder and select what kind of alts to invest your money, need to be more extra careful.
Invest with what you understand and not just investing blindly.

I understand your fear yet i do able to think the same thing in year 2018 if i would still consider on putting up some money on alts but luckily i do still able to pull out
some profits from year 2019 or even on this 2020.Just make sure on sticking on top alts on the market.Shorting them and dont tend to go for long term.
It might not be an assurance but there's still possibility on making money if you do know on what you are doing in the market.Just cherish while it last and
dont get easily discourage yet we can still see chances on making profit.

if you are in doubt withholding altcoin, the best step is to hold bitcoin. I think I understand your thoughts. however, at this time altcoin is not very good, especially for the new altcoin. however, I think that altcoin is starting to grow, especially for the top altcoin. for example, for ethereum growth, if calculated from last week, the increase has reached 10%, however, it continues. I quite believe the steps you take are good, it's just that, sticking to top altcoin is also quite good.

I am not seeing any revolutionary new ideas in the cryptocurrency market lately. Back in 2017, we had a large number of altcoins with unique ideas such as Monero, Cardano, NEO and IOTA. During the last 12 months, there have been thousands of new cryptocurrencies coming online, but very few of them managed to catch the attention of the investors.

that's because market conditions are also sluggish. the 2017 situation makes everyone excited to invest and trade crypto. but the current situation is not many projects that come with interesting updates. they make platforms that are already on the market and of course, they will be inferior to projects that are already on the market and have more promising value.

I also have the same thoughts as you about the new altcoin. but what I mean is in the form of new tokens generated from the bounty campaign, because most of the new tokens generated from the ICO project are many that have no sale value and cannot last long in the market. if there is no other choice, then selling a new token and replacing it with btc is highly recommended.

New altcoins that doesn't have any value at all will definitely be gone soon or later because not all of them has a potential to have a good value and to developed their coin much better, that is why selling out your altcoins that are not worth it in exchange for bitcoins is the right thing to do for you to get a much better profit.

It's true but potentials altcoins will still make it to the top of the top.

New altcoins if its a good project is a good investment, we don't have to conclude and make a generate statement that new ones does not have a value, otherwise we will never be successful investing in altcoins. What we are looking when we invest is the potential of the coins and we should also understand that the market situation could affect the value of the coins and if that coins really have a good team to develop the project, it doesn't matter if they struggle at the start as long as they'll succeed in the long run.

I am in the same position now. I also have young altcoins, but I do not sell them, because bitcoin can make a maximum of 2x. Altcoins can do x10 without problems. Therefore, I believe in the coins that I purchase, I advise you the same. After all, for some reason you bought them, and not some others.

Well I despite everything trust some new great altcoins will make some positive move as a result of their utilization however I would prefer to go for existing great altcoins to add to my portfolio,research is constantly key.

It depends on what altcoins we are talking about. If you are talking about fraud and shitty altcoins then you obviously made the right decision in converting to bitcoin. However if you accidentally sell an altcoins that have a huge potential in the future then you might regret it in the future but converting to bitcoin is the safest option.

In my case it really depends on the altcoin that I have and if I am still bullish about it. So far only ETH is the altcoin that I would say that I still trust. Long time that I sold most of the altcoins that I have invested time and a little money on. I have some Ethereum tokens but I don't really care about them anymore. Only the main ETH itself.

It has been a while when I last invested in altcoins. The years 2016 to 2018 for me were the good years of altcoins. We definitely need more research now if we would like to see what happened to the top alts and if there are good players right now. I would say a small amount of effort is needed before we can make good decisions in investing in altcoins.

Top altcoins will not disappear and will sometimes rise in price when big players with manipulators will decide that the right moment has arrived, and of course, the main pump will be on Bitcoin, because it’s Bitcoin that is interesting for big players and investors, so in our portfolio you need to hold bitcoin and top altcoins.

It is a good move that you've made.

Many are expecting that most of the altcoins right now will disappear in the near future for some reasons like lack of support from the investors, lack of development (abandoned coin) and the coin has just created to scam other people that is why I'm holding Bitcoin right now and a bit of ETH since I believe that these 2 will exist in the next years and maybe decades.

What happened in 2017 is that most of the altcoins followed the move of Bitcoin. Now if Bitcoin will make a parabolic move again, I don't know if the altcoins will follow it but one thing is for sure an altcoin season will happen but I don't know when.

Yes it is better to do mate ! I remember in that year I lose a 1bitcoin and up because I did not be able to sell my coins and then bad thing happens, in 2018 my coins go dump and now it is a shit coin, I will not forget that thing , I always have that regret not selling that coin, wish I could turn back time, so that I could have a bitcoin now and also some business, I hope 2017 ATH will happen again.

New altcoins? Well most of them are just clone of other clones or are just a total shitcoin. Obviously they are going to be left out. You did the right thing to sell it and buy bitcoin with it. As soon as the price of bitcoin will start to increase, people will sell those altcoins and then jump into bitcoin investment, making the price of those altcoins go down further. Try investing on bitcoin and those other well known altcoins.

This is what any brave crypto investor will do. selling shit coin to buy bitcoin. You know, in 2017, alot of people ran to crypto investment and it was a big investment because you can make 10x your investment by investing in project backed token. This is mainly due to the influx of the new traders and investors which stabilizes and also grow the price but now that a lot of bad eggs have entered crypto business by abating and creating project with intention of scamming, it become an obstacle to see token investment booming even if there is another bull run of bitcoin so it is wise to stay with strong coin and trade away other less valued altcoin

I understand correctly, do you suggest investing only in bitcoin? No more investing in any coin. Even ethereum? But there are projects that really improve life, they have their own coin. Is it also better not to invest in them? Or did you mean investing in bitcoin for enrichment, and not for the development of cryptocurrency and blockchain?

I agree with your position, holding altcoins is a bit risky, especially those are not in top 20 on CoinMarketCap. There is a huge risk the majority of altcoin will not have a real use case in the future, so their tokens will be useless.

Cryptoeconomy doesn't need new projects, it need new investors, mass adoption, huge investment and progressive legislations to increase it's acceptability. There are launching so many projects everyday but investors are not there to invest.

We have too many new coins in crypto space but we are lacking behind because of lower investors, how will adoption rate grows when no one is investing? focus should be on mass adoption not more newer coins

There is always room for new coins, just as there is always room for new businesses and products in the world. You guys are being really myopic, this is a new technology and we are early. Get yourself some ETH on ecxx and buy some low cap gems like $BRAP and cash out during the next bullrun.

When bitcoin gets in a bull run then most likely the price of altcoins is going to go up as investors are going to feel more comfortable with their profits and their greed and their appetite to get more profits increases they will be willing to take bigger risks, but this is a very dangerous thing to do no matter how you look at it, when that bull run stops then you can be sure that those altcoins are going to be the ones that are the first affected and if you do not get out of them in time then you will lose everything.

I hold a few moonshot coins more than the Top 10 coins

Better to invest in proven and launched tech with strong use cases

When the bull run comes - i hope we see as before - once BTC goes ATH the profits will move out of BTC and into alt coins

Best one i hold is Temtum - working mainnet based on brand new tech from Richard's PhD and MOU's with a national state to run their currency - i can see this going big

https://www.coingecko.com/en/coins/temtum

https://t.me/Temtumofficial

New altcoins might make a better altcoins because of the project, how its been sponsored and the team behind the project. There are already millions of altcoins around the entire cryptocurrency community, most of these projects have prospect and a workable product, so, such project like this will not be feared. Currently, am holding a good number of altcoins in my possession and have made good profits from them. Good altcoins are still there with great benefits.

I think if the altcoin is really promising and you have done a lot of research already maybe for me, I will just sell 80% - 90% of it for bitcoin, of course, your decision is good #BTC is the safest coin in cryptocurrency no doubt about it. Only legit, unique and has community support will survive of course if no one is buying or support it, it will probably die. But bitcoin is different no one is backing it just the community is enough.

I don't want to sell my token. My experience was "Thinkcoin", During Bitcoin touch 13000 USD, thinkcoin did great bullrun. Altcoin price will change after Bitcoin halving. This two ways is profitable, swap Bitcoin or other coin could safe than old coin.

Most altcoin will experience the bullrun but there are very important features you need to compare before making the decision to hold the token you have in possession and i will advise you to compare the coin you mention features and level of support when it was launched to those you have now.
Meanwhile, if you sell your token for BTC now you'll even make more profit through BTC than the token.

The idea is good but needs a little re-adjustment, and that is, not all altcoins will be left out. It is true there are many altcoins today with more upcoming up as well, in the same way there are good altcoins which are good to hold, if worst comes to worst then top altcoins are worthwhile. In the same way, holding Bitcoin is always the best but in my own opinion I think it also pays to hold 1 or 2 altcoins could be major altcoins to be on the safer side or other altcoins with clear direction on what they want to achieve. If I were you, I would hold a good portion of Bitcoin with a lesser portion allocated to other altcoins..

All altcoins are also worth holding, it is never too late for you to reconsider your decision of selling most of your altcoins in your portfolio for bitcoin. You would never know when that particular altcoin you least expected in your wallet gets it's shine and hit an ATH. Patience and hope goes hand in hand when it comes to success with altcoins.

This year has a few events like the halving and potential launch of Facebook's cryptocurrency that may add some improved interest from retail and institutional investors from the next quarter onwards and this may have positive effects on alt-coins that are good quality

It is true that most altcoins would be left out to die but it really depends on the type of altcoin. There are a great number of altcoins today and holding the one with no prospect will only lead to loss, holding the pump and dump altcoins is also a bad decision. Now, about selling your altcoins to BTC is a good move as holding BTC is always the best to hold, coupled with few altcoins so as to balance everything. So the idea is, hold good altcoins like ETH and hold BTC in a good amount.

I have no messy for new altcoins since many of them are bad projects, any new project that worth standing will have to change people's mind, investors are not to be blame for this but developers, too many repetitive projects nowadays

Yes, but which of the two events will happen earlier this year? is it half bitcoin or the launch of Facebook cryptocurrency? because these two events will greatly benefit everyone, not only investors and other institutions.

at this time I have also started selling assets that can be sold for bitcoin or ethereum. this happens to new coins that do not have any development. other than that, it was a good decision. seeing that in the future there will be halving, I think collecting bitcoin is a good idea, especially now.

In fact I am always afraid of newly mined coins.
Some of them are not worth of investing in them while some are highly profitable. But I am sure that those that are profitable will not cease to exist in the crypto although they may take a long time before they accomplish the real purpose of their mining.

That's why we should always choose them in a selective manner which every staked coin will not generate profit. There are many staking coins which we need to find out their active developments and it will surely help us to make some decent profit in the long term holding.

You made the right decision to sell your alts (I supposed these alts of yours are new coins that dont have progress).

Coins that no progress are likely to turn shitcoins and become worthless, so why stick to them if you cant gain anything from it better to sell while it has still value. Instead hold a top coins, its much safer and worth to hold even for long period.

Just doing the right thing won't make me doubt my decision and won't worry about it. The idea of investing in the newly launched coins was made during the all-time high and I think it's already done and everyone has to accept that their era was done.
Keep more bitcoins.

Why? if you have plenty coins outta here and that's not even a big problem for anyone. Newly mined coins are too risky to be considered as an investment becuase it has not yet proven itself can be trusted by any buyers from the crypto space. Just try to take a look at some new POW coins that become scam.

I believe, either new or old, altcoins will be left out, so you need not fear.
Instead you need to work and figure out which altcoins will be left out.

Projects struggles, to create a product or to raise funds, which leads to definite delisting of tokens on any exchange it is listed and then its death.

It is up to us, do avoid fud / fomo, set our emotions aside as we invest.
Always dyor.

That's the right thing to do, regardless of the market situation, even in bullish times there are still altcoins that are not performing.
and if we generalize the entire altcoins, you can barely choose a good ones, most of them are scams or has no good vision in the future, so it's advisable to choose wisely.


I'd rather choose the old ones, i mean the altcoins that are already listed in different big exchange as volume matters a lot.

There is nothing new about new projects of today, 90 percent of the new projects are copies of old projects that's why they failed, as a developer you have to bring in something new but still this doesn't erase the fact of getting scammed

One thing I have come to believe is that no one knows when altcoins will surge like that of 2017 again we can only anticipate and try our best by holding the good coins. Actually not all new altcoins will be left out, I see altcoins with use case and working products being given attention while those with nothing but a good whitepaper will be seen as pump and dump coins, and we see most of these in new IEO where after IEO and listing investor dump and move on while taking profit to BTC or ETH etc. Also, your decision of selling to BTC is good but I also think it is worthwhile to hold 1 or 2 altcoins maybe ETH or any other.

Only most serious projects will go ahead, development is as important as the community is. Many of the proposed projects will die as they were created only to take away money

Not all altcoins will suffer this fate. there are worthy projects that show good results after a long time. Be careful with the new coins. And of course, the largest percentage of investments must be kept in bitcoin.

A lot of altcoins have done considerably well considering how long the bear run has lasted. It's premature to conclude that altcoins will be left out.