Bitcoin Forum

I'm new at all this but I've been filling my head with bitcoin news lately and things sound a bit dire... uh, bearish?  Still learning the lingo.

If I have a little bitcoin, small time stuff here for you high rollers, but it's 4x my initial investment now, and I'd like to get into other cryptos and learn trading and coding dApps with them...
wouldn't it be a good idea to sell some bitcoin to be able to do that?

It seems like the logical thing to do. But, I'm new to trading and wow it's more complicated than coding. What do you guys think?

Thanks

This has been a topic or a question a million times already because there is no sure answer to any of this. I mean surely we are talking about something that we could never predict 100% correctly. Sometimes bitcoin does better than another coin, sometimes it doesn't and we do not know which ones neither, we have market situations where price of bitcoin goes higher than some coins but not higher enough compared so some other coins.

This means that we need to also be very precise while we are picking coins as well. None of these are simple answers or easy to find results, it only comes out after the fact and that's the main problem people are having. You won't find the correct answer here, nobody really can predict it 100% correctly and they are just going to tell you what they believe in and that is it, otherwise they would be lying if they said they "knew" the answer.

It's the "logical" thing to do only if you actually think that you're capable of learning to trade properly and if you actually think you can pull it off in the end. Like, there really is no right or wrong when deciding to try to learn another skill, because in the end it's going to depend on you and your performance anyway, not us.

Not a good idea, when bitcoin dumps altcoins will dump more.
I suggest that you sell your bitcoin for a stable coin so you will minimize your losses, and just start buying bitcoin when the market is already bullish.

This year, looks like the start is good, it looks bearish to me, so we are now seeing a bearish mode for altcoins more than bitcoin will experience.
A little view of what is happening now - https://coinmarketcap.com/

It is terrible idea. Because the market is depended on Bitcoin. If Bitcoin stops its bull run and starts its bear market, the crypto market will almost be unable to keep up its bullish momentum.

Altcoins are rest cryptocurrencies except Bitcoin and they will be the most vulnerable assets in bear market. I know in bull or bear market, there are altcoins can rise oppositely with the general market but very few altcoins can do that.

I don't understand what is your plan. Do you want to invest into altcoin projects which are related to dApps, Web3? Do you want to create your own project and you are CEO, CTO?

I'd rather hodl my bitcoin rather than risk it by selling at a very low price just to risk it again by investing to some random altcoins in the market. The profit you could get by hodling is much more better than the "profits" you could make by risking it to some altcoins in the long run, the higher the volatility, the better in the long run, in my opinion.

Don't get too excited or scared because of the recent dump, it's normal.

In this situation, it is better to hold your bitcoin still because you will not make a big profit. Bitcoin gets correction again and makes the price is down to the lower price. The first thing you should remember in any investment is just investing for the amount that you can afford and do not break your limit because that is for your safety.

If you have bitcoin, no matter how much the amount of bitcoin, it is better to keep hold and wait for the next rises and sell it at that time. If you decide to be a trader, you need to learn many other lessons that will not be the same as a holder. If you want to become a holder, you need to know how long you want to hold your bitcoin and what is your target price to sell your bitcoin. It is not too complicated because the thing that makes it complicated is your greed.

It depends entirely on how much money you got in the bitcoin. I think selling bitcoin is bad idea though because it is prime investment which you should not touch. It comes under elite investment which can grow and go boom at any time. If you wanna invest in altcoins then simply keep that portfolio segregated from the bitcoin.

Moreover, selling bitcoin for altcoins is stupidity as you can loose value in the transactions made due to volatility, transaction fees, maker-taker fees etc. Better get it with Fiat and have proper entry point for the same.

Also, ever thought how much it would cost you to sell little bitcoin? Think.

It's a natural position if you panic, we're used to bearish moments here. Don't ruin your finances if you only invest in the short term. Obviously, it will be very dangerous for your investment life. Try to look at it from a long-term perspective, the market is always volatile, so if you find a bear market and you have bought it at a high price, it's better to leave the market and come back when everything has recovered. Thinking about reducing the value in the portfolio will only make you psychologically stressed.

Traders do that but, are you capable of doing that? Me as a holder, I don't do that and I let bitcoin on hold because that's the thing that I know and based on experience, having bitcoin is profitable. But if you know what you're doing and you have an idea of doing it, basically, you have to trade it and see where it's going to be profitable as you convert that bitcoin into the alt that you think is very much profitable. You're the owner of your money and you can make your own rules.

This is a matter of personal choice, research, and preference, and could not be answered by any one of us here. If you deem altcoins as worthy during this bearish season, then go for it and explore some alts that you wanted to hold for a long time now. Personally, I already sold some of my bitcoins and I'm holding the proceeds on stablecoins, and still researching on which alts to grab and play with. During these times, there are some 'outliers' that manage to make some decent increase in price all while the market is scrambling to get back to its feet.

So you made 300% profits from investing in bitcoin, If I was you I will look to accumulate more bitcoin than thinking about selling them and buying some other things and just hoping that it will replicate the same to me. ::)

If you’re still in profit while the price of Bitcoin is dumping, I believe you can secure that profit now and buy later on once the market recovers but if you are already in loss better to keep on holding since selling and panicking at a big loss is not good at all. I’ll still choose BTC over altcoins, you can just have them by increasing your capital so you can keep your Bitcoin.

My plan isn't quite clear yet.  I'm trying to get guidance on that here: https://bitcointalk.org/index.php?topic=5380372.new#new

In a nutshell I want to switch from web development to web 3.0 development and start building dApps. But, I don't even know what that looks like yet. And, I'm getting the idea that I should just ask this stuff in a coder forum.  I thought there might be dApp coders here.

Others mentioned this too. Thanks everyone who pointed this out. I think I get it now.

Although, the idea was to sell about a quarter of the bitcoin now when it's still 4x what we paid, get the initial investment back and put it into other coins AFTER they all plummet.  The whole idea relies on them dropping significantly this spring, I know.  That's why I'm asking here, to get others' opinions and hopefully some opinions backed up by facts.


It's free because I'm a noob and bought it through robinhood.  At least I get free trades.  Wallet coming out this year they say.

Note: Had to repost this because of some glitch with the forum. Let's hope it doesn't make a duplicate.

You can do this only if you don't have pressure to sell your Bitcoin to pay for anything else. Loan repayment call, mortgage call and more. If you don't have a reserve budget for expenses, I believe you will have to sell your Bitcoin and it's bad because you will have to sell it in bear market at lower price than your entry price.

It's worse idea because in bear market, altcoins lose their price at faster rates than Bitcoin. Altcoins can lose 99% of their prices from all time highs in bull market while Bitcoin lose about 80% max. Many altcoins die in bear market, developers abandon altcoin projects and never come back in next bull market. They create new altcoin projects to join a new bull market because it is easier to steal money from altcoin investors.

Good point. Thanks  hmm  :-\

Maybe I can find the money somewhere else for the altcoins.  Thanks! :D


note: had to repost this again.  keeps failing due to some timeout. says saved in drafts but no sign of this drafts folder anywhere

Altcoins are useless if bitcoin is down, they have almost tied up the price, and altcoin price swing the same movement to the bitcoin price.
You can focus on bitcoin and if you don't want to lose the value of your bitcoin and if you feel it will drop further, you can diversify your bitcoin into a stable coin and invest back to bitcoin when it will drop furthermore.

But I will rather hold for a long term my bitcoin to have less risk.
There's nothing that will lose you if you will keep holding, 1 bitcoin will remain 1 bitcoin if you keep holding on to it.

Due to the newbie rank you need 360 seconds gap between your post but its not that longer. And you can see your drafts here : https://bitcointalk.org/index.php?action=drafts

Money is money no matter where it comes from so make use of it effectively, its okay to play with shitcoins for very minimal amount from the total portfolio value but never invest all of them into altcoins.

Did you read Arthur Haynes new article. He is basically going to do the opposite. Sell all his alt coins now and buy more BTC and ETH. Why is he doing this?

Well he states that if there is a bear market then BTC and ETH will drop the least. Altcoins can drop 90% or more. So if you sell them now instead of buying them and buy Bitcoin you will end up losing sell. Or you can sell your alt coins now and wait until everything bottoms out and buy BTC then and most likely the alt will be like down 99%.

Sure, if that's what you think suits you. I mean in the end, it's actually up to you since the "trading" part is ultimately what you are going to do, not us. In the end both cases require you to take on a certain amount of risk, just that in hodling Bitcoin you basically set the same risks in the past as you first did, while in venturing towards other coins, you're technically risking more since you're going to try and find coins to profit from. Ofc, with that said risk, you're going to have a better chance of scoring higher profits, since the more risks you take the more profit you could possibly gain (or lose).

yes its a good decision while bitcoin is on bearish but as you said you want to learn trading that's why you want to dump some of your profits. Which is not a good idea to be honest because trading isn't easy mate and it requires significant skills and enough knowledge as well.,so don't waste your money if you want to learn trading.  Must create demo account instead and keep holding your bitcoin.. And use your money when you are ready, not now that you still lack of experienced because you will burn your account immediately if you do that..be aware and educate you self first to assure everything will gonna be alright. Learn the process how to become a good trader don't be hasty mate.  ;)

Learning trading is a good idea but crypto trading is not for everybody and the last time I checked cryptocurrency trading is not applicable for newbies now due to the momentum of the market because huge market correction can happen anytime soon.
Having said that, portfolio diversification is also a good idea but do you have the knowledge to manage the portfolio well, if not. I will advise you to invest mostly in BTC and some 3 major altcoins.

It really depends on your instincts whether to do it or not. No one knows if it’s the right time or not. There is no perfect timing for us to either buy or sell BTC in favor of altcoins. We cannot predict the cryptocurrency market accurately. No matter what helpful advice did you get from the experienced ones like here on Bitcointalk, the final decision will always be yours and you can’t blame others for the decisions you’ve made. Just saying.

Hard to give a general advice without knowing a little bit more about your current situation. If you already made 4x profit on your initial investment it's a nice payout for you, but BTC dropped a bit right now. If you had more funds available I would recommend to keep your BTC for now and rather use fiat money for your alt coin trading endeavors. Like if you got some Christmas money from your family or your employer I would rather use that. Trading might seem difficult at first but if you are already into coding than it will come much easier to you to build your own trading strategy. I would recommend to start our with a fairly easy technical analysis strategy, only using a few trend signals and see how it goes for you. By starting to trade actively you will learn a lot by actually doing it rather than only a technical approach by only reading.

Yes, it would be best to hold your bitcoin and altcoins and not sell them because that would not be a good idea. Maybe after bitcoin is falling, the altcoin can have time to rise and if that really happens, maybe we can see some altcoins increase higher. That is another scenario that can happen while the bitcoin price is down. But if he wants to sell some little bitcoin, maybe that will be good if he can get the right coin to buy because there are many altcoins out there and he needs to analyze deeper to find the coins.

Don't sell your Bitcoins, instead buy more than you currently have and take advantage of the big correction that occurred to get a lot of Bitcoin discounts. Moreover, when the price of Bitcoin drops, altcoins will also fall and will deepen. Hold bitcoins and add them to the balance in your portfolio in the long term. Always remember the words of others "The bitcoins you buy today will never be found again at that price". There is no ideal choice but to collect more. Because if the bitcoin train is running, anyone and for whatever reason will be left far behind.

You are right. Selling bitcoin at a low price is definitely not a good thing to do. Just wait when the market turns bullish again so you can sell your bitcoin at a good amount. While others are prioritizing to buy bitcoin at this dip, then there you are thinking to sell bitcoin just to buy altcoins. I understand that you really want to make this opportunity fulfilling on your part but what you're planning to do is not the best thing to do. If you don't have extra funds to buy altcoins at this dip, then don't push it hard. Your portfolio is not that bad as long as you have bitcoin that will make your future more bright and profitable.

Most altcoins depend on the value of Bitcoin so I don't think it's a wise idea to sell Bitcoin in exchange for altcoin investment. It would be better to buy and accumulate more Bitcoin and just save something if you want to invest with a potential altcoin but as for me, Bitcoin should always be a top priority. We've seen how Bitcoin could be profitable so we'll lose the opportunity to make a good profit if we'll sell it right away.

Actually, it is a difficult situation if to choose to sell our Bitcoin to buy some altcoins for altcoin seasons. Because we don't know exactly where altcoin season will truly meet up.
Bitcoin investment has been okay and it may be better to put your money in Bitcoin investment.
However, if you are really willing to turn some of Bitcoin amounts to altcoins, ensure that you choose the right altcoins.
We know that sometimes, we are encouraged with the hype and also willingness to get profits soon, moreover by trading. Are you sure about the risks of trading and you are ready with this?
If there is no problem anymore, you can consider to do this risky decision.

Knowing bitcoin which has the most stable foundation and will easily bounce back and reaches the highest value, i think selling it will not make you profitable in the future. Although your intention is good because you want to grab the opportunity to buy altcoins, but if you are running out of budget, you could have focus more on saving bitcoin because that is the most secured and most profitable coin in the market. Otherwise, you'll end up in making losses if you pursue selling bitcoin at its low value.

I'm not so sure good or bad, adding altcoins in the portfolio is also worth thinking about. These decisions are a kind of determination of your trading journey, sometimes they can turn things around or make things worse.

In fact there is no method of profiting in the bitcoin spot market during a bearish (or sideway) season other than holding back rather tediously to recover losses in an uncertain time. This situation often makes people want to try new experiences to fight it.
OP, I don't understand the dApps code you are thinking of, but does that mean you will try implementing that code in your trading?

.

i just don't understand why you need to sell bitcoin to learn how to encode dapps? And another point if you already have 4X profit with bitcoin then selling some bitcoin for dollars and buying altcoin against dollar would make more sense because you would have guaranteed 3X profit, but if you still keep making bitcoin hodl you could still have that same profit, so at the end of the day it's the same whether you sell bitcoin or not

It is all about how we make use of our trades works so well and it seems to be effective. If we have some Bitcoin and sell some as for capital, not really a bad idea, instead, we are growing our investment, and that sometimes we need to sacrifice some to gain more.
I would say, just go for it. We need to be more strategical than just holding, as long as you were good at trading that is never a problem. Perhaps, trading is profitable and that is the reason why many would love to try it but unfortunately, in many cases that some of these traders had failed.

well, it's more complicated than coding, because it can't be guessed with certainty. If you're interested in altcoins, I'd rather keep your bitcoins, and buy altcoins with other money you invest in.
well, currently the price of bitcoin is indeed going down and it is a good opportunity to own bitcoin or altcoins. it's just, I think that selling bitcoin is not the right decision. it may be more appropriate to collect bitcoins at this time than to sell them for altcoins.

Could've done that when the price were still doing good but right now, I don't think that it's the right thing to do because you're selling when the price is low which means that you're going to get less altcoins with the money that you've profited out of selling a small amount of your bitcoin.

If sacrificing Bitcoin just to buy altcoins in my opinion is not a good choice. Because we are still at the ideal price to continue to take over at a low price. Don't let us repeat many mistakes. Though Bitcoin has provided so many gaps to enter. Our biggest mistake was not buying when it was cheap. And today if there are still people who see the price drop but let it pass. Please don't complain if the person says regret later.

Let's take a look at the people who are trying their luck on altcoins because the Bitcoin train is never coming back so we will see how they will move as fast as Bitcoin.

Why would you sell a fraction of your bitcoin invesment just to buy some other altcoins? Are you for real mate? That ain't a good idea to start because even if you're new to this, by now you already know what's the difference of bitcoin to other coins and it's not logical. You could always invest to altcoins separately without touching your bitcoin.

Those two you mentioned is a two different skill and surely theyr'e both complicated as those skills can't be learn in just a matter of few weeks.
Trading deals with your psychological and emotional point of view while coding deals more in math.

Selling your coins at this point will be of no use, it’s a complete loss for you since the market has been very low. I would suggest that anyone who has plans to invest in the altcoin market should best invest in it with a different money and not sell their Bitcoin because of it. If you’re to sell now is going to be a loss, the market has gone down from over $60,000 and down to $40,000.

Except for those who happen to sell when it was at its all time high price. They can decide to invest part of the profit that they have gotten from the investment in the Altcoins market. Moreover most of the  coins in the market has been decreasing in value, such as ethereum, Litecoin, and most other top alternative coins in the market.

Altcoins are already dropping, and that is the same thing with Bitcoin, they are all dropping in value. But this year we might be seeing altcoins reach high price because the year for Bitcoin has passed. Bitcoin has already seen its own period that was more of a bullish trend, and now it is the time for the altcoins in the market to also see their own bullish trend and increase in value.

I sold my Bitcoins about twice during the bullish trend last year, first was when it reached $50,000 and the next was when it got to $60,000. And I have already invested in some new altcoins, and there are also some altcoins that I sold, just did some reshuffling on my portfolio to make sure that I have the possible best for this year.

I think Bitcoin and altcoin has it's own bull run already last year, so not sure if altcoin market can still bounce back from this coming bearish trend. Maybe some of them will, but for sure majority will still going to suffer a long bear market.


I sold mine too, but not to invest on altcoins, personally I've done with the altcoin fever for now.

Maybe a few here and there, but those solid ones and not the hype or meme coins. Although I must say that I have the experience, but it might be too tiring for me. So I will re-enter on Bitcoin only and buy the dip and increased my holdings again.

It is possible that buying altcoins for BTC now will be the right decision, since almost all altcoins in relation to bitcoin are at the lowest levels. But you should remember that if bitcoin continues its decline, the price of altcoins will decrease much more than BTC. Therefore, make your purchases in parts.

Same time there are few altcoins that are on the rising side even when the Bitcoin market is down. Holders of those altcoins could prefer to buy bitcoin for altcoins. Bitcoin seems to gain momentum around $40k to $42500. Maybe a breakout could take the price higher, and if there happens a decline down to $40k then it is real start of bear market. So, always have some backup plans to keep up the portfolio against the unpredictable market.

If you think logically, then in principle you are right, but in practice it is not clear how the market will behave, it can go up sharply and your positions will not be so positive. I think that, of course, it is necessary to sell a part even when he was 50, then just buy.

When more altcoins go down I'm not sure it will come back as fast as they go up in contrast to bitcoin which is quite strong in the market and could be good to buy bitcoins instead of altcoins.
To me, this is not a good idea and it would be a big risk to buy altcoins during a downturn that has to be sacrificed to sell bitcoins.
But every decision is different when it becomes an option on altcoins I think your desire is so strong.

Each of us has some strategy, we are all getting in and out from the trades almost all the time, it's like normal for all of us crypto enthusiasts! Of course, the market makes turns and we don't know what's coming next, so it's a constant trader's dilemma what is the best thing to do! I am making investments in some alts, but only for the long run, I think that majority of people who are selling BTC to buy alts for quick profit will have losses because of that!

That seems straight to the fact that only BTC is more reliable than these altcoins. And perhaps, I'm done and I sell some of my Bitcoin for altcoins but you are right, they are no long-term investment, they easily give up and give us losses in the end. Maybe this will work for a short-term investment, may the hypes give us hope for a profit while having these altcoins but can't make people stop, they simply have their choice just like we did.

Well, it's "the logical thing to do" if you've got yourself equipped for the trading task. It's not just enough to trigger a trade but doing it at the right low for buy will enable one maximize profit. I know of people who sold off their Bitcoin to buy certain alts and those alts turned shitcoins and it was cash gone down the drain. If OP feels Bitcoin is going to dip and they're looking for a safe Haven for their investment but don't have trading set skills, I would advise that it's better tethering it rather than trading and expectedly losing it.

When it comes to logical decisions then it would really vary with you because its your money and your own input or views then its up to your choice whether you do consider on putting some investment in bitcoin or would be totally trusting on dealing with altcoins. Price correlation cant really be avoided for us investors on not to look at but i would say basing up with real experience that everything could really be in random because neither
it would go along with each other or would go totally opposite path on each other. Sometimes they dont really make out some reactions if one coin is dipping down but one things for sure that
whatever trend Bitcoin is taking then expect that the whole market would really be doing the same.

I would say do not sell anything. If you could find some more money then go ahead and do whatever you want to do but I would not sell anything. The basic reality is that life is not really that simple and sometimes we can't find more money, but the risk of losing from one side and going to other side and losing there as well is too big and there is no need to do that.

I personally prefer to be in a situation where I get into things with brand new money that I save instead of doing a trade between them and having to be forced to pick one or the other. At the end of the day market goes up and down together most of the time so the difference shouldn't be that big for most big coins.

Those who are still holding Bitcoin in large quantities in their portfolio are really trying. As the market is falling we should endeavor to get altcoins which has strong management team and unique liquidity to scale through when the market recovers. This is the best time to keep buying as the . market goes down, not just a single project but different one.

I know it's always better if we can diversify our portfolio as much as we can, but selling bitcoin just to enter in a more risky investment which is investing in altcoins, i think that won't work for me. I have been struggling in the past just to own bitcoin and now that i have it already, i won't never sell it at a very low price. I think i will have more chances to buy altcoins when the market will fall even more, so i think i will only wait for that time.

Trading requires a lot of experience as I say because it needs also skills which may be in the form of thinking, analyzing and to go through the loss too sometimes but there should be some cover for each trader, whenever he make loss that cover supports him, that's in my opinion trading makes easy for the trader.

The main concern also here is that the OP is quite new to this market.
So right now, would be hard for him to spot valuable alt projects because it would take time and experience before you spot one.
The better thing to do right now, is observe the market, and do your study with these popular alts, assess their potential in the market.
Hold to your btc for the moment. And once you are quite confident with yourself, and learn more about the value of investing alts, then, you can slowly diversify your portfolio.
Better stick to alts that have tangible use case or application rather than new alts that are still promising to deliver their goals.

Not all people still have the capital to buy coins right now. Some people need to sell their coins to buy another more potential coin. Of course, we mustn't sell all our Bitcoin, but selling a small number of BTC for potential altcoins seems a nice idea. Not all crypto assets are planned for a long-term target, some coins are targeted to sell for a short-term target. Altcoins are the best option if someone wants to earn profits faster. As long as can analyze which one is the best altcoin to buy, and know the right time to buy, I think nothing wrong with that idea.

Don't you have any other to discuss here huh? I've seen this several times and saw it already this topic by different author.
And a lot of the community actually are doing this a couple of years also and now your telling it here again, and again.
You know what, the better thing you can do I guess is make your research about the things you wanna know here in the
cryptocurrency.

Absolutely right. Of course, if we can still keep bitcoin to hold for long term, i think that will be very profitable in the end. But if you think your plan is better than just simply hodling bitcoin, i mean if you can do good trading with potential altcoins, then that will still be profitable. As long as you know you are good about about it and is capable to multiple your profits, then selling a small portion of bitcoin in exchange for altcoins will definitely work in the end.

It will be surprise that those who is hodling Bitcoin up this time will be of advantages because the chat of bitcoin downfall is showing that bitcoin falling is not strong compares to some other years that bitcoin will fall from high point to the closet to three to Two years price, when it started falling my instincts goes directly that bitcoin will reach 30 thousand to 29 thousand before it will retrace the market, so the falling put fear to the faces of investor, but like since yesterday  is not going below 40 thousand which there is hope for people who is hodling Bitcoin

They save some and still sell them in the future. That is why we can't urge people to keep hold of their Bitcoin, they might have the idea that selling them for Altcoins is worth profiting. Yeah, we can't disclose such a possibility as we know that market that some altcoins are also profiting. They simply take the chance while some potential altcoins are cheap, that I think they after, and I never find it wrong.
I just hope that they can still be patient as altcoins will not going to recover as fast as Bitcoin does.

If you can keep bitcoin the whole time, that will be a great advantage. But for some who have limited funds, if they have huge number of bitcoin, i think it will not be a loss if we can sell a small portion of bitcoin so we can also grab the chance of buying altcoins. Because not all times bitcoin is the most profitable, there are really times that altcoins will exceed the profits from what we expect from bitcoin. So its never a bad idea at all since you can diversify now your investments.

I don't think it's a good idea. When the price of Bitcoin drops, most alt prices will also go down and indeed the price of Bitcoin greatly affects the market. If you really want to invest or trade alt then from the start we can buy Alt in addition to buying Bitcoin. So we can buy both without having to sell one of them. Choose an altcoin that has good prospects so that it can make a profit. Bitcoin and altcoin investments will be equally profitable depending on how we manage the assets that we have.

Would only be worth if you do go for long term if you do accumulate bitcoin as much as you can without considering other alternatives like on accumulating altcoins.Prices arent really correlated from time to time
which means it could neither go along the way or would go to opposite ones but we cant really deny that Bitcoin is the trend setter and this isnt something that you could avoid off thats why investment
decisions isnt something easy to be done due to unpredictability of the market. Neither price could go along with or not and it all depends with various market conditions and reasons.

Many consider investing in altcoins for the sole purpose of directing the money earned to buy bitcoin. The best solution in this case would be to trade altcoins in a pair to bitcoin. But this type of trading will be profitable only if the market is bullish.

Well, its always expected since bitcoin still dominates the crypto space and whatever its price will always leave a huge impact on altcoins. If you can have all the means to buy bitcoin and altcoins at the same time, then why not? They are both profitable so they deserved to be kept and hold.

However, if you don't have enough money to invest in altcoins, then maybe selling a part of bitcoin is not a bad idea at all. The fact that you are doing this because you want to accumulate more profits in the future since more investments will mean more profits, so definitely there is nothing wrong with it.

Instead to plan selling off bitcoin because you want to buy some altcoins is not a nice step. Bitcoin is more trusted to invest into. You can instead of that do the reverse by selling your altcoins to buy bitcoin. You know bitcoin will rise with time but altcoins can disappoint. Again you need to know the altcoins community you are investing into some are not functioning while some are relying on being hyped.