Bitcoin Forum

Am not the one to endorse all altcoin, or point someone to the direction of trading or investing in one. But am the type of investor that does believe in shaking or shivering with situation.
Bitcoin is rising and thats good. Rumors can say the up coming bitcoin halving has something to do with it.
Many are now quick to sell off altcoin that they have been holding with so much promise.
This can be of bad consequences, I am the one to always invest in BTC if I have the found to get one, but I did not invest in bitcoin because of increasing price.
What you tend to loose selling of your coin
+ all your time of investment would become in vain: long term holder of altcoin should not without a thoughtful look sell off there coin
+ things might not go as you planned: the ball can go two ways, one it can go in your favour and two go against you.

I understand that investing in something more promising -bitcoin for example- is productive, but rather than, selling off just invest in it with available raw capital.

Selling off is complicated i must say, and if we are being realistic; there is no faulting anyone that picks up profits in this time.
Because during the last deep dip when bitcoin went to 3700$, those who bought and invested are now in over 100% profits; if they decide to sell off the profit and hodl the initials, do you think it is because of the period ?

There are several reasons why profits are taken; and sometimes when we sell in loss; there are potential valid reasons too.

I cannot imagine selling off all my altcoins and in few days' time, their prices rise beyond reasonable doubt or that the bitcoin I exchange it to plummets, I will not be happy with myself. this is why patience is needed when it comes to cryptocurrency.
Most altcoins, particularly the new promising ones, tend to take some time before growing. The best would be that, if you have a spare fund to invest in Bitcoin and you are so bullish about it, you can invest, without it affecting those altcoins that also look promising.

Do you know another mistake that some people ake again?
They might think of selling the altcoin to invest Bitcoin or another one they see is growing, thinking they would come back to buy the one they left. Unfortunately for them, the one they switched too might not give them much profit and might even result in loss and while trying to come back to the former, the price might have surged. This then put them at wit end.

Some people think that they are over smart and that is why they try to flip alts into btc whenever they see btc moving without considering the fact that these alts posses even higher profit potential when they will move, i think most people do this because they think that btc has the first mover advantage and that is somewhat true as well.

Investing in altcoins can bring huge profits but the possibility of losses is also very high, a wise investor always knows to stop in time.
There are a lot of potential altcoin coins that have become a dump, I think if we are not sure about an altcoin project, it is best to sell it as soon as possible.

it seems for me (and most of alts and btc charts can prove this) that btc is having a great advantage because it is a first mover and most of alts alts follow btc and can't get as much profit as the btc itself

Good post man.
Seeing the previous BTC halving events we may see some rise, then some fall , but sooner or later (considering the previous BTC Halving events), it will rise again.
This market needs a strong patience, daily trade in crypto will make you miserable, really miserable.

I personally think it(s gonna stabilize after the BTC Halving event for couple weeks & the next Bull Run may take place September - October - November.

I believe that artificial growth has been created before halving. people talked a lot about halving and growth. Now I think they will want to scam us. the price will rise to 9500 and then again there will be a very strong dump. I do not think that this year we will see a price above 10 thousand

Yes but you do not have to blame anyone as it is, crypto entirely is bad kind of so people nowove where there's a bit light, I would advice we are careful and also not to sell at loss. The advice us good and one should just be careful anyway. BTC is really riding and people are hoping for great movement from BTC and as we are trading, let's be cautioned too. It can go low and move up back or continue from where it stopped.

It's not. A lot of people buy in the halving right now and the growth of bitcoin caused by halving, 2 weeks left before the halving come. THe dump will occur if the block has already done to decrease its inflation rate .
It's easy for bitcoin to touch 10k but it can go back again to the bottom anytime as the hype end

Holding altcoins that turns out to be a shitcoin once in the market are the reasons why people sell it off as soon as they get the chance to do so and it's understansable. During the past years, many projects have become a waste of time but of course not eth, xrp, and other altcoins that stayed in the market (I'm talking about the new ones tho). It is so promising that you'll get big amount of money but most of the time its the opposite that happens so I think that's the reason why people switch to bitcoin. Bitcoin has been the first one to pump in the market and it gives a good profit very well during its pump, but yeah, if you don't buy it during it's dip, you'll get very little amount of profit.

We should always have our Portfolio diversified. Although Bitcoin is leader, we should never invest hundred percent of the amount in single asset.
Current situation I see as an opportunity to grab more.

Agree with you and i think it's a good move to not sell whole holding altcoin because of btc price rising. Sometimes altcoin price depend on btc but i would like to support your thought. There are plenty of coins which start with penny and now those are $20,$30 or 150$ just with in couple of years. So i think holding a good altcoin might be a game changer for us if we choose the right on.

if indeed you believe in altcoin that you hold and are sure to experience an increase, that's a good way to hold it for a long time, sometimes there are people who only save it without any prior analysis of the coins they hold,

The risk is higher now, since nobody knows how this halving will affect the price due to the pandemic. Panic selling and joining the btc hype due to the halving could result to disappointment if the things turn the other way around.

Let's consider the fact that some of them may not be panic selling or willing to waste their efforts and patience, looking at it from my own angle some are actually very broke at this moment  and had waited just to see their coin rise a little more. From your message now it indicated that the halving has not started majorly, so some may still be discouraged,
those who do not really know much about the halving. Thinking it will trigger the bull immediately.

I'll be agree if there is someone who have a bunch of altcoins in their wallet and with that amount he can buy 1 or at least 0.7 BTC then I'll suggest to him to buy bitcoin immediatelly.

But when he just have a few altcoin and the amount can't be able to buy bitcoin 0.1 or at least 0.7 bitcoin then I won't suggested to him to buy bitcoin but I'll suggest him to hold altcoin as long as the altcoin is potential.

Indeed, investing in bitcoin is really interesting because we can see how much profit that will get. But if I have for just 0.1 bitcoin I'll sell it and buy some potential altcoin like ETH. With that amount we can be able to buy at least 4 ETH and if I compare holding 0.1 btc and 4 ETH I'll choose 4 ETH because it will profitable for this time.
but with the small amount of it

i have a bad experience in selling off my altcoin and until now i regret of selling it early though i have the heart of holding at some point i just lost temper and pressured. my advise is stick to your plan and trust the process, do not frequently visit the prices, and do not be emotionally attached to your investment.

I guess investors shifted where the money is, so I'm sure that they are people who have been selling off their altcoins and move to bitcoin, we can't blame them. I have seen this kind of movements throughout my stay here in crypto. And it really makes sense to them though, I mean we all wanted to squeeze everything and make some good money isn't it? I myself did this, not regretting it since I made the right decision that time.

So I would advise though, if you are going to do this kind of strategy just be sure that you can stomach it, or shall I say be mentally tough and be prepared for the consequences. I'm not against the OP's advise or suggestion, what I'm saying is that you should try to work out a strategy that fits your needs, just saying.

How sure you are that this is just a manipulation? Of course there are some who do that and we cant explicitly say that this is natural. Even before this has been done during the bitcoin bubble when bitcoin and all altcoin reach too much valuation. So I think we can just assume that the market is unstable and people rely on halving hype to be bullish again. But with that surge happened over a short period of time, everyone mustbbe scared and wondering do I need to sell? This is a huge gain already. But if you buy at somewhere above 10k would be enough for you to at least break even what you loss? Thats something investor are now thinking.

Yes, it’s hard to say what will happen to our altcoins in the future and what their price will be. I continue to hold them, if only because the current very low price does not suit me. I still believe that the time will come for them. Do not rush. The situation may change at any time.

Seeing current conditions, I also intend to hold the altcoin that I have. currently, the price of bitcoin is rising and has a pretty good effect on some altcoins. it's just that I'm not satisfied to see an increase in ethereum prices. Well, I assume that there will be a follow-up pump conducted by Ethereum after the bitcoin price has stabilized from its increase.

Actually this totally depends on your return if you are in good profit and you have bought the Altcoins in the last dump then it is good for you otherwise try your luck and hold for sm more time. As Cryptocurrencies are unpredictable.

How is selling off altcoins to buy Bitcoin a bad idea? All altcoins still rely on Bitcoin entirely, if Bitcoin don't surge altcoins aren't going no where, it's not entirely a bad choice selling altcoins for Bitcoin, but it's true that altcoins have better profits than Bitcoin

I hate trying to make decisions between Bitcoin and altcoin, instead of selling your altcoins for Bitcoin why can't you invest on both to erase that doubt of which one will grow better, invest in altcoins and also buy some Bitcoin too, this will clear your mind of doubts

Those who are worth selling off their coins now are those who buy when Bitcoin dive to 3k plus, they've make the biggest profits within few weeks, Bitcoin keeps surging since days back now mean many are buying, it's not too late to buy

On some point it's not a bad move on selling those altcoins for bitcoin, But remember that not all altcoins rely on bitcoin and I think that coins are the one you would want to sell in our current situation because some coins don't show the potential of rising up now and you can always buy back the coins you want to sell if you gained profit in no time.

I bought in every period and yes now I feel like to sell a bit to make a little bit of profit

Sometimes it is okay to sell your coin which you have to holding too long just to invest on bitcoin because most of the crypto investors invest on altcoins since they cannot afford to buy bitcoin because it is so expensive so if there is a time when their altcoin is too high and bitcoin looks starts rising can be a good reason for them to sell it.

Surely when we decide to invest in a currency we always believe in it. However, not all altcoins are as profitable as we would like, so I think we should abandon bad currencies and focus on better ones.
In the past I used to hold a lot of altcoins but most of them became a dump, so for the moment I only focus on the big altcoins in the market.

Everybody has his/her own targets for holding any coin or investing in it. Someone can decide to sell his holdings once his profits target has been met others will also decide to hold a bit more once they see how the development of the project is advancing. However, the best of plans is always to sell some and hold the rest so that if things go sideways at any point in time the risk will not be massive.

Absolutely. Once a person decided to invest a coin, he will definitely hold and wait as long he sees a development and potential to the coin. However, expecting too much to the altcoin that you are investing can also turn into a disappointment because not all altcoins can be expensive, that is why there are some investors who sells their altcoins into bitcoins.

For those that bought some coins few months back should be thinking of taking profit. Some coins have seen significant increase recently. It is always good to set target of taking profit.

I would definitely recommend to take profit at least for some of the alts if their volatile. But I myself will hold on the most stable ones like eth or ltc

Last year sell-off for altcoins was accurate, it is the reaction of the bear market and may never see such period in the next season. The pandemic turn the bull market to a bear market but if the space can recover by the next halving, though the price may have the post halving dump the whole market never be that bad again. If the IEOs get successful and make profit to investors in short and long term, the sentiment may get back and ICO will be replaced by IEOs then fresh and big money will come in.

You have to think about the possible losses, you sell and then the price will only go up and you won´t be able to buy for same / lower price than you buy for a higher price and your number of coins get reduced, does it worth? I don´t think so.  ;)

Eventually that's what people will do because everyone wants to enjoy the Bitcoin moves. An exception is if there is a separate fund for emmergency Investment in times of dip and moon then I will be easy to hold your altcoins.

Obviously, altcoins are always more profitable than bitcoin because the altcoin's marketcap is much lower and the price can increase many times. But investing in altcoins is too risky and risky, you can lose and lose all assets if encountering altcoin scam.

My opinion, this is a market whether you hold or not. All altcoins has price limit. whenever they got to a certain price, they tend to fail back with is different from bitcoin. we all are in the business to make gains. when the opportunity raises to sell and make profits, sell and make gains. the market will always pump and dump and that is what the cryptocurrency has been experiencing since inception.

I also think that it is always necessary to invest in bitcoin. Even if you invest a little bit every day, then in the long term you can get a good profit. There are even special services for auto buying coins every day.

if it's worth selling, don't be too greedy to get more, sometimes greed brings destruction. remember the crypto market can turn around at any time and we don't know when it will happen, so we must have the preparation to face the worst.

sell or hold is some strategy of people self, and i think if altcoin is not too good to sell for now.
BTC rising up and also altcoin will going down first and than will start growup.
but some altcoin is bad for hold, if i have some coin with bad volume i will sell now.

There will be a time for the altcoin to be sell, and I think after bitcoin can be stable first, then that will be the time for the altcoin to grow, and the price of the altcoin will also increase. But we already see some of the altcoins can increase with the increasing of bitcoin price, so maybe there will be another time for the other altcoin to grow.

If you had been holding for a long time and you have bought it cheaply, it would be worth selling. However, it is uncertain what could happen this coming halving. So, it is still a risk you will have to take, it is either selling your alt for BTC will be worth it or it would all go to waste.

But what if you believe that price can rise even more, would you sell it? Some people run for profit in fiat, to have more dollars, others try to have more crypto, decide your goals, and do accordingly, try to not regret you actions later! It all comes down to believing in something or not, I don't sell my crypto for fiat unless I have to, my goal is to have more crypto for the future, more than fiat, in my opinion in long term fiat is going down, losing value, while crypto will go higher, it will gain more value.

you got a good goal there.  fiats can go down too but cryptos can increase and there is no limit with that  . i was going to say earlier that cryptos will still depdend on the value of fiat  but i think twice and i remember that we can just use our cryptos directly without converting them into fiat  .

 the only problem is that cryptos value can also go down as much as how high it can achieve so we must be prepared with that and accept that situation if ever it happen .

We all have our aims in crypto world but I don't see anything wrong in selling off, Bitcoin hit 9400$ a day ago and now struggling at 8000+, if you've sold at 9+ you can easily buy back at 8k, that's more satoshis for you, don't just hold, play smart

This thing you said has been done for a long time by many people and by people who already know bitcoin first, so when I read your comment it looks like it's out of date, even though I respect every phrase from others.

It; is also surprising, to see someone do that in this dispensation.
I have personally not heard of that ever since I have been in the space. Perhaps he will be able to explain it better because I only feel that buying should be done by the person in concern and not to be automated. If it is automated, then it is possible for the system to help to buy what you do not want.
Maybe I do not understand and I need it to be put clearer.

indeed, only traders who cannot manage their finances and manage their emotions will sell at low prices because they may be in need of money and do not provide special money for trading so that they will only always suffer losses, different when they can manage money specifically trading and will not sell it when the price is falling and will only sell it when the price goes up to be expensive.

Yes, that's right, in the crypto world everyone has their own goals, and the main goal is to make as much profit as possible, so it's impossible for a trader to sell his coins or tokens in the market.

It's not necessary to invest in bitcoin but bitcoin is the only crypto that gives more guarantee rather than another coin. That becomes the main consideration by all of bitcoin holders to hold bitcoin.
If you were starting with small money and that needs a lot of time to get profit.
Bitcoin is not a suitable investment for small amount of money.

For me I wont invest now just because I see the price increasing, we cant guarantee if in the coming days price will consistently moving upward. It can decrease right after you buy since btc is unpredicted, this growth might be temporary and will last for short period so its better to wait for a dip unless you're prepared whatever the outcome of your investment.

If you're holding a good alts dont sell to switch for btc now because the current price of btc is not cheap unlike few weeks ago so stick to your alts and wait for right timing when to buy btc.

I agree, many players sell altcoin when the price of Bitcoin rises but if we have decided to invest for the long term on altcoin that has large transactions, I don't think we need to panic to sell it when the price of Bitcoin rises before halving

Most times selling off has to do with emotions and fear of the unknown, but then if one can alway put your emotions under check,it will help especially when you do your research before buying a coin,you will really not sell off,cos the moment you dump your coin,you sell at a loss. That is why I prefer coins like bitcoin,no matter the fall, it will surely rise.

Do you have seen this type of uncertainty like this situation ever? I didn't yet but this could be both better and worst for anyone, so it's a very crucial time to get rewarded because of many reasons, Due to this pandemic situation there are many people losing their job and earning source so some people are being stopped investing due to lack of money and some people are withdrawing their investment due to make up their daily essential needs so cryptocurrency world also will get a shake very soon, either the price will go high for Bitcoin halving or Altcoins price will go down due to this current crisis, that's why It's wise to hold your Investment and have to believe that Cryptocurrency will bring a good fortune in the coming days.

The value of Bitcoin is constantly changing over time and certainly you will not be able to predict anything when choosing to invest in this coin. In fact, the analysis is only correct 60% when the market starts to trend up and 40% will depend on the psychology of investors when buying.

I usually buy when the value of some coins begins to change drastically because it's often an opportunity for you to make a big profit in a short time.

I agree.

Don't regret it later when you suddenly see your own bought altcoin suddenly pumped up.
If it is talking about profit then let it be for a while.

Better to just keep another savings for opening a bitcoin investment.
Mistakes mostly happen when riding a boat that is going up. Most of the time it doesn't go for a long time.
What if you are in the wrong time frame of buying it? You cannot go back into selling bitcoin and then buying back that alt. That is loss already.

on Coinmarketcap you can see the dominance of Bitcoin rose to 65%, and that's a high number for me, maybe also for us, so we can conclude that all traders and investors turn to Bitcoin because Halving will try to raise prices, and Altcoin is a victim , you are right if we sell Altcoin now and go for Bitcoin, maybe this increase is just an illusion, and we could be trapped like 2017

Dominance will probably be fixed. I don't know when and I don't know how it will happen but I am 100% sure it will happen. When the time comes altcoins will start going up. At one point bitcoin will go up so much that people will realize that they can't make profit from bitcoin. Now in that situation there is two options, most commonly and almost all the time bitcoin drops to a level that dominance will drop, that is the most common one.

Second one however is very rare and I can remember like 2 or 3 times before. Altcoins could increase to level with bitcoin, people could see they won't make money from bitcoin, so they will move that money to altcoins to make more profits. However do not hold your breath about that, it is really a rare thing to happen so I can't say it could happen that quickly.

This is a basic consequence before proceeding further. Actually easy, all is the tendency of someone in making a decision whether he or she is an investor. each is also smart enough to manage and analyze their investments so they don't lose out. all moments or issues that develop also become reference material in terms of decision making when going to invest.

I personally still hold some top coins like ethereum and bitcoin, I know in this situation the possibility the coin will rise higher hopefully in this period will bring a lot of profit to me because I hold coin it included in a long time

Yeah altcoin also can give you huge profit if you choose right one. Maximum altcoin are useless or trash but there are lot of project that have real product and their team always working hard behind that project. For success you need time and patience. Look btc popularity right now it didn't came in one day or months it's take lot of time and effort. So i think investing on good altcoin for long term is quite good idea.

It already is a terrible idea to sell at this time considering that most crypto prices have fallen to their base prices and some of them at all time low. Truth is, this moment will pass and there will most likely be an improvement in prices of cryptocurrencies most especially with the Bitcoin halving just a few days away. Several analysts have forecasted increase in prices and this is already been seen with Bitcoin price climbing above $10k this week. The believe is that, the rallying of Bitcoin will filter down to altcoins culminating in a bullish trend. Hold on to your tokens, better days will soon be upon us.

    People associate success and safety with BTC. It is the most well-known and promoted crypto currency, and this offers investors a certain security. People are aware of the crypto potential and they know that BTC has overcome extremely difficult times. But altcoins certainly brings much higher profits than BTC, but the degree of risk is higher.

those who do that may intentionally make use of the BTL halving moment.
and there is nothing wrong with that.
maybe they are short of money so they sell their ltc to buy btc because they want to make a profit when halving happens and buy their alt again when the price is normal,actually this is the same as taking a risk.
what if altpoints fall when bitcoin goes up or the price of bitcoin won't go down after halving and keep going up

We know that being a holder or trader is not easy. Need a lot of consideration and analysis. It must be based on sufficient capabilities and experience so as not to be easily influenced by other people's assumptions. All news and rumours certainly affect mentally, so we must have confidence and a strong conviction.

One of the things I have come to understand or rather that exists in this space is that, once there is signs of growth for Bitcoin, many people won't mind selling to Bitcoin, because that is the best coin which gives good chances of growth; this same thing with Bitcoin is same with Ethereum as well. Also, people sell for different reasons one is investing in Bitcoin another is investing in a coin which has higher potential than the current one they are holding. Those holding altcoins like Ethereum and so on hardly sells anyhow but those holding most new altcoins are always quick to sell when the opportunity comes up.

hold altcoins is't easy especially for altcoins that are still relatively new, there will certainly be a lot of fudders or news that makes holders feel doubt so they prefer to sell altcoins and exchange it for bitcoin. And now there is news that half of bitcoin will push up the price of bitcoin, so many people don't want to miss that to make a profit

unfortunately the current condition of the price of bitcoin at the exchange place is falling so I think that if selling it and exchanging it for bitcoin at this time will only give a loss, it's better to keep the assets in the form of altcoin and wait until the altcoin price also experiences an increase in price.

Investing in altcoins can look itself such as the best way of making a good profit, l agree with this opinion. But if we realize the market, we can see that there are a lot of people, who have lost their money. More than that these numbers are increasing day by day. We can just say that investing in altcoins is not as profitable as expected.  

only a few altcoins that do have very good potential that will provide many benefits for those who buy them, but of the many altcoins that are created, only a few altcoins have succeeded in developing it into reality, so my advice is not to buy altcoin wrong, make sure the altcoin purchased has good potential which can make a lot of profit.

It caused by altcoin has a lot of problems especially when it comes to the development progress.

The majority of traders are preferring to sell their altcoin for USDT and that's it.  People aware of the potential of volatility to eat their profit instantly. One of bitcoin whale has said that the halving already priced in and what will be coming very soon to make bitcoin to go back again to the middle level. There will be no FUD or bad news but traders have the intention to sell after the event has already done.

Alot of traders are falling for FUD but am very much certain that the current situation is temporary and soon everything will go back to normal

I sold off some of my altcoin to buy the ones I feel would be a better investment in the long term. I am was tired of always watching the coins not to dump by trading them.

The worst thing that can happen to anyone in crypto investment is to panic sell . there is this saying that  you don't lose in crypto  untill you sell .

this is true but in some cases people feel tired of holding a particular asset and for the fear of losing all , they follow one little FUD and  sell off.  At that point ofcourse  you have lost .

If you must survive in the cryptoworld you have to learn  first how to do you own research . its not all News you hear that are true  some are fabricated just to  cause FUD and  make  weak hands to panic sell . i have witnessed this severally and i have learnt to do my own research before deciding on whether to sell or buy any crypto  asset.

this is not entirely true, we can still benefit from altcoin of course it has conditions.
first, we must find the right altcoin. secondly, of course we must know when to buy and sell it.
that way we will get the benefits we want.

The only best option right now is to hodl since were are nearing in bitcoin halving that might see some pirce surge for these two major coins, and maybe we some spike up from other alts as we especially those coins that shows promising potentials and making a long stride even if the market was down few months back.

That's a usual thing when you already decided to deal with speculation market. If there was no someone who losing his money and there will be others who will take the profit.
This is how the crypto ecosystem works today.

The fact so many new millionaires have been coming from the investing in altcoin too. It can't be denied.

another period should I sell now then

It is hard to convince when and how to sell.
Because time and time again, different investors got in at different times totally.

For some investors, they are at 100% profit, for some 50%,for some 10%

And this is one reason why some find comfort to dump and take profits anytime

FUD always happens in this market, it will last forever with the development of the market. Investors need to gain experience so they can not be trapped in bad situations leading to losses

that time has already passed, When it was profitable to invest in altcoin at the ico stage of the company, as well as when these altcoin entered the market during the first drop in their prices.  today in the cryptocurrency market there are already well-established altcoins that are in constant demand and it is very difficult to make a profitable investment, especially if you expect to get very fast and big profits.  if you invest in Ethereum or Bitcoin Cash, for example, and these are almost the most expensive altcoins on the cryptocurrency market, then you will get good income thanks to these altcoins only after long-term storage for a period of several years. But before you act, you always need to calculate your risks, including altcoin prospects and future development opportunities.  as well as how the development team does its job to promote its project.

In my opinion, in investing what is needed is patience and also making the right strategy when we have to sell or when we have to buy. If we have decided to invest long-term, I don't think we need to think about the daily price movements because it can interfere with our psychological

Thats the advantage of holding for long period, you dont need to worry for the current price and the roller coaster movement of the market since you already set a time frame on when to hold your coins.

On the other side if I want to buy bitcoin I wont sell my altcoins to be able to buy. I will use fiat instead because it would be best to diversify and never stick in just one coin no matter how profitable it is.

Selling altcoins to buy bitcoin is not the better way to gain more profit ,instead it will lead to lose. The best way is to invest both in bitcoin and altcoins if you can afford to avoid regrets if both those coins value will increase in the near future.Also investing always need patience.Making profits is not suddenly,it takes time.

you will regret if you sell Altcoin now and go to Bitcoin, the price of Bitcoin will indeed go up but not now,
maybe altcoin season is coming soon, if you sell altcoin now you can cry all day

Depends on which altcoins we are talking about. I have been active here for more than three years, and I have seen the ups and downs of cryptocurrency. And right now, I am feeling skeptical about the altcoins. During the last 1-2 years, the acceptance and adoption of altcoins have declined considerably. And this is applicable to some of the well known altcoins, such as Ethereum, Ripple, Cardano, Litecoin and Monero.

Besides patience, they need to have a target on how much price they will sell their investment to take the profit. Many people forget their target price to sell because they are too greedy to expect to make a big profit. That will not be a problem if the market still rises, but the fact is the market is too volatile, and we cannot expect to make a big profit in a short time. That is why we need to have a plan or strategy with the current situations that happen on the market so we can do something if the market change.

Obviously the market is not responding the way we want it, when there is a lot of positive news people are acting in the opposite direction, bitcoin halving is expected to be high but btc is still dumped pathetically.

There are a lot of people conquered by there fear and we cannot blame them because they are not emotionally stable to make decisions even they already know the risk of having investment into the world of cryptocurrency today there are a lot of altcoins needed to hodl for a long term investment because of the halving this change a lot and does not give any opportunity to the investors to get a lot of market profit or income. But still, you can make alternatives like trading with the altcoins but the investment is a really big no for now.

as a long-term investor, especially investing in top coins in the market, it must be consistent. if it can't be consistent in every decision you have made it can result in a loss. I mean as long as you hold the top coin don't panic sell when the market collapses.

And every experienced investor, they rarely panic about the coins they hold, except for new investors, because they are still afraid of the risk of loss, while investors who have experience in holding top coins, will always be calm in facing all conditions market.

Most altcoins dipped significantly due to the halving expectation of Bitcoin, everyone is just trying to reduce risk since normally the satoshi value of most altcoins should go down with the having news. For example, my SL for OGN hit at 0.24 USDT, then it dipped further  to 0.17 USDT. In essence, do not entirely blame those who dump their altcoins at this time, its a general market perception. Once BTC starts a sideways movement, some alts prices will start spiking up again since the buy pressure will be high.

It's very complicated especially when your own coin is dipping and BTC is moving up. It's just an easy decision to cut loss and join the moving train. Holding is not for the weak. I won't blame anyone selling off.

If a person does not have much experience in trading, then he can only maintain his position. I believe Bitcoin Hold is the best solution you can come up with.

Selling at loss it's really not good but sometimes situation that's beyond imagination can make one dump at lost but selling out of panic isn't healthy though it can be frustrating when your coins are going so low more than expected but having patience and wait for moon cold hell recover. Some do also say it's best to sell and jump into trading coin so as to recover but what if the coin dumps? Best is to buy a good coin so you can be sure of increase someday.

They are there no matter what the status of the market is. They will hit your feelings and you'll lose if you will allow them to hit you badly.
Set your mind and start being long term bullish in this crypto market because you'll regret allowing them to win than win against them in the future.

Only few altcoins have what it takes to survive the test of time and definitely, not all of them will see the end of the tunnel when this market downtrend and the global pandemic is over, this bad situation serves as a perfect opportunity for most of them, especially the scamming ones to bail out and most of them already did and many more will do in the coming days. That's why i don't advice people to invest in every altcoins, while the major ones can stand the test of time, it is best you go for them otherwise it is better you stay in bitcoin

now I understand was great to follow this advice

We can only stand still from shaking or shivering with hardship situations only if we have a stable platform to stand on it. Anyone only has crypto as their tool for earning has to sell it to survive this hardship situation. Many people like him will make the selling become a pitch of cheaper prices at every turn.

Do not forget to fix a part of the profit, and use a stop loss, otherwise you always risk losing more than you earned.

this moment is very bullish, in my opinion if you trade in the spot market and the trend is still bullish, there is no need to rush to make a cut lose, because the price could recover again in the next few days

You right but at the same time don't forget all comes with risk, those selling off now will definitely regret it later if there is more pump but will be happy they make the right decision if at last the coin keeps dumping after selling off. So I can boldy say is a very complicated issue as nobody can predict the future.

for now, we are investing more in coins that have clear prospects for long-term investments, such as BTC and ETH while low-quality coins are too risky to be used as long-term investments.

the guy had a great point at the moment. Now I'd say if you bought something then - hold it, if you didn't - then wait a bit, price will lower a bit soon

I have really learnt so much, I learnt that if you are holding a good altcoin,you don't need to panic because of dip,most times people dump their good coins,but I think if you can hold it will rise back or better set a stoploss or set a buy order incase it goes lower than just dumping and  wasting your time.

At least, we can reduce the amount of loss even with selling in this period if we holding good cryptos like BTC and ETH. It less likely to get low and have a good potential to come higher after all bad things blow over.

Now bull run is starting BTC cross over the 10k$ and also ETH going to rocket high. But i have seen previous days a few very old cryptocurrency increased 5x-10x if those was seems trashy coins. Agreed, provably also alt coins will go pump anytime in this up trend market.             

someone that has a huge goal for any altcoin investing will not sell off even at this time. it can be very tempting especially when you are at loss. those who sell off altcoins easily are daily trading traders or short term traders.

I beg to differ because this holding of a thing goes a long way. Now about selling off at a particular period, I support it but it depends solely on the type of coin. There are altcoins one will hold and as time goes on, instead of growing it keeps dropping and when checking the team to see what they are up to, one will see a nonchalant team, in this case, selling is quite a better option. On the other hand, a coin like Bitcoin or Ethereum, someone do not need to shake nor panic, because they are trusted. So what I am trying to point out is, there are situation one will see with some altcoins and selling seems to be the best option. There are coins today which had a good pump but are nothing today, so when you see a coin no longer going as it should, selling I think is better.

Absolutely correct, those who have invested huge amounts in coins wouldn't sell their coins easily. Always weak hands sell easily and that's why those with the highest investment always make huge profits.

Safe investment is always encouraged during this time and it is best to only buy coins in the top 10 CMC because it will help you reduce the risk to a low level. I always calm down whenever the market suddenly drops because if you panic during that time you will definitely lose money. The market will always have a big adjustment, so only half of the assets should be invested.

Bitcoin and Ethereum are coins for holding, long term holding, but with some coins it's good to apply this "sell off" strategy, to sell them before they drop too hard. Basically all comes down to your faith in the coin you plan to hodl, if you don't have faith in that coin sell it as soon as possible, if you have faith keep it and add more if price drops. And don't let anyone tells you in what you should believe, that should be your own choice!

for now only but what about before or in the future when btc and eth didnt pumped out ? people will find ways to continue earning and will do it whether the risks is high or low .

i like what this title said to us , dont sell because of this period where all coins are pumping becaus the market will just collapse pretty easy if we sold out too early but can we just wait  . stay cool and thow away your greed . thats the only way for the price to grow huge .

that's right, altcoin is currently undergoing correction, if you cut lose at high prices, then my advice is to buy a good opportunity

why not sell? it's in good condition to make money from ethereum or bitcoin. every investment has a plan made from scratch. when it is profitable or planning has been achieved I think there is no reason not to sell. never be greedy, or regret what happened. The altcoin is a lot of red right now, why not try your luck right now.

Well, some Alternate Cryptocurrencies also depends on the situation of what is currently happening within a period of time. I read some experiences that were not always profitable when HODLing. We know that we should not be carried by the wave that is happening when selling our Cryptocurrencies BUT we should consider the fact that the value of a Cryptocurrency can also depend on the platform where it is available for use. We should look for the platforms on which coins we are HODLing and in that way we can determine on when to sell them or HODL them.

Indeed for BTC and ETH it is very good to hold now, but not for other coins. I see a lot of coins falling today because Bitcoin dominance continues to increase. This is where the Crypto market situation in the Bullish period, but only for top coins, like BTC, ETH etc.

I don't believe ETH will be able to release 2.0 this year. no official announcements from the project team. Who said that Ethereum's growth has some reason?

I always have a reservation when it involves selling off of tokens, assets; As a trader, or an investor, you definitely can sell off your assets any time, irrespective of the period it falls; i say this because in investment, what matters is that you are in good profit; not the period.

BTC and ETH keeps rising, if we were able to buy this lockdown or when quarantine happens, we aalready earn a lot. I already sold most of my alts that time and only secure some BTC and XRP and Im glad I made to buy some and no plan of selling yet but keep monitoring it might also fall to much after this sudden rise.

May it be because of BTC is rising too, and those who weren't able to buy BTC  they acquired ETH. In my country also there are companies who keeps using ETH this Pandemic.

Well we know whats best with our investment. So as long as you're making profit regardless what your strategy is then thats what matter. Selling off your alts because you think its best to switch for other coins are not really a bad idea however make sure that you're prepared for the consequences of your decision.

That's so true. As an investor, we are the only one who can manage and control our investment. We are the only one who can know clearly how much profit the investment has earned. Therefore, we're the only one who can know the best and make a good decision based on the profit of the investment. Sometimes, we sell and buy based on the period, the hype or the trend, but there's sometimes we don't follow the waves also!

I am not a typical person who sells altcoins because see a Bitcoin pump, because if a Bitcoin pump usually altcoins also participate
in the pump too. So what for if we sell altcoins that we have for that reason. I will sell the altcoins that I hold because they do have
reached the sell target that I have set, if have not reached the sell target, of course I will not sell my altcoins.

There has not been any news regarding this matter but surely people will believe it because news 2.0 will appear in the future. This is why the price of ETH has surpassed $300 in recent days. However, if you have made a profit then you may decide to sell out as the market may soon have a major correction in the next few months. I no longer have any ETH and have sold it since yesterday because I think this price is good for my profit.

Investing in altcoin needs careful consideration and understanding of the business field of the project we will invest in. If we already understand about the project and understand the whitepaper and the project has a solid team and is able to produce good products, I think the choice of investing for the long term is a good alternative but if in doubt, I think investing in Bitcoin is a rational choice

In fact, I am seeing today that most of the crypto market is in red (ETH included), so when Bitcoin is rising, alts do follow in the long term but it seems that in the short term of 24 hours when BTC is pumping, everything else is trying but failing to keep up.

I agree, not a time to sell  everything just yet, but if anyone needs to book in some profits, now would be a good time for assessment.

Basically this is so, but in the case of crypto space, when BTC starts to rise slowly, then some Altcoins that are often ranked in the top 10 will also experience an increase even though the percentage will not be exactly the same, so it won't be wrong if someone sells several Altcoins in order to have Bitcoin.

Yeah...period to sell off for individual at times might not primarily depend on the market situation on ground.  Some sell off not at their best desire but they needed to get some things done with money, so they don't have another choice and some don't really stand on having much profit before selling off, they believe in making little profit and sell it to reinvest.  There are just lots of things that surrounds selling off.

Obviously, what you are saying is a very correct strategy, because the most important investment is profit, not a case of a bad or good period, because there are also many traders who have profits when the market is in a bad condition, this reflects that the trader is very professional in trading.

It's better to keep holding your altcoins, selling altcoins for Bitcoin is not bad but holding your altcoins for long term is more profitable ever, now that Bitcoin keeps surging once it's dominance start dropping altcoins will start surging, it's better to wait

Some people make the mistake of thinking that altcoins are better than Bitcoin in the beginning, and as time goes on after they have invested their money in altcoins they start noticing some huge differences and seeing Bitcoin performing better than the altcoins they have invested in. When they start seeing these changes they are forced to sell their altcoins and invest the money in Bitcoin.

So, it’s always best to have this thought at the start, and know if you’re ready to hold that asset for as long as it takes. If you want to buy Bitcoin, then plan properly, invest at the right time and wait.

Ethereum has actually shown great signs in recent times and the announcements made by Vitalik Buterin have actually pumped confidence into a lot of investors but that said those plans need to be executed properly for the price to maintain itself and see a even higher growth in future.

I like the idea of ETH 2.0 and all the announcements being made overall, just keeping an eye on the implementation and how the market responds to it.

Coming back to what you said, I don't think anyone feels sorry to miss out on a cheaper price usually unless it is a massive drop like it happened in March and people who dumped or missed buying during that time might have regretted but not buying now I don't think is much of a reason to regret because price is although moving up, is pretty slow and steady.

Some people always think that if they invest in altcoin they will surely turn into a big win just like BTC in the beginning. There mindset are sets to be grateful that they didn’t know the huge possibility that these would be a scam or loss of their investment if the project goes wrong. If were planning to a long-term investment, we should ready to hold them really a long time and don’t bother any correction happen in the market.
We should also make sure the token we invest. New projects seem very risky now even they success in their ICO/IEO. The possibility of losing them is still high even they already tradable in exchanger.

Yes, the time of investment should be a factor to see if you're actually making a profit for your holding time. Most traders quickly sells their bag when the price high without even think about is it really worth for all the time of holding.

I have taken a step back and waiting to see how the so much anticipated ETHEREUM 2.0 performs and what impact it would bring to the prices of ethereum. I was riding the train of FOMO but I just realized that I better keep my coins in bitcoins and when I actually see the new face of ethereum then I should invest some because I have often been a victim of FOMO games played by various coins.

With the price floating up nicely for bitcoins, I am actually happy with my decision and I have no problems holding bitcoins and selling all alts I hold if the price keeps on floating upwards ;D.

We all have a sort of threshold point in terms of time/period on holding an investment. After a set amount of time or period, we expected to see a profit or at least, a positive sign to justify a hodl status. If not, very hard to convince me personally to keep on holding it, profit or not. There is plenty of chance of there and to me, I don't want my capital fund not doing anything so I have to sell even as a loss.

Our main object is to make profit from our investment. Only holding for long time will not give me any income. So, I have to sell in any convenient time. If price increases, I get a chance to sell my coin and make profit. But it is correct that everyone should have a well plan to sell the coin. A single unit of price increase does not indicate the best time for selling all the time. It depends on the situation. But we should not sell off because of the period.

Perhaps this will be the right decision and you will receive a good profit from this sale of 35 percent of your bitcoins. True, bitcoins were sold when their price was 11,000 dollars, and now the price of bitcoins is 11,540 dollars, that is, now the sale would be more profitable. However, one cannot count on making the most optimal decisions. The cryptocurrency market is too unpredictable.
It is possible that bitcoin will soon go to correct its price. They say that whales are already transferring their bitcoins to exchanges. Despite this, bitcoin will grow again after a while.

It depends a lot on what people are investing and what is causing them to sell off. I don't think there is a simple answer to that some people sell off when they are in need of money and others prefers to hold their ground. Its always wise to move with the market but you have to take other things in consideration that are out of person's hands such as new opportunity, need, control over emotions etc.

It is always depend on the person who invest and the status of his investments, i think we need to set a limit on every investment that we make, and if we think the price will meet our qualification we can sell it and gain profit. Sometimes the price is really rising and we maybe hold but in the other day we maybe loss because the price fall down very quick everything in crypto is high on volatility so proper timing is always important in every rising or falling period.

This Bitcoin pump is from the lowest price in a few months 3.8k to running price. Before this pump, Bitcoin prices were here two more times and now this is the third time. Don't you think that correction time is over? After this halving Bitcoin price should be more than 12k USD. Bitcoin could dump again to 9.8k USD but chances are very low.

Everyone will have different thoughts, but I'm sure any investment is risky. If you want to make a quick profit, altcoin will always be the first choice for you, but I recommend you only choose the coins in the top 100 CMC to minimize unnecessary risks.
I am not interested in new coins because that investment is often very volatile and often makes me lose so in recent years, I have been very careful when investing.

I think the best time to sell should be at this moment while market is still green, don't aim be to greedy about profits everything will correct and will be disappointed when the market correct and lose profit, but everyone has their own way of profiting.

for some alts for example ETH and XRP I think this is not the right time to sell. first for ETH because there are a few days left before ETH 2.0 testnet and I think the opportunity to reach $400 is still there, and XRP seems to have good news so that XRP can return to $0.3 it's just that I'm not sure if the opportunity to $0.4 exists because this all depends on bitcoin too

although like that ethereum 2.0 cannot guarantee that ethereum prices will always go up because what is dominant now is the price of Bitcoin, when the price of bitcoin falls as it did several hours ago then the price of all cryptocurrency will also collapse, so stay alert when you want to buy any coin that will launch an event.

So you and OP are more like a long term holder that unless coin going very far in the future and serve its purpose? Only till that, you guys wouldn't consider selling? If everyone in crypto like you guy, I'm betting we going thru many price increase by now cause no one wants to sell.