Bitcoin Forum

Hey all,
We all see that the BTC price is sideway from 50k to 58k for few months now and it seem can't break up the 60k barrier.  My portfolio is about 90% in BTC and I feel very depressed to see other altcoins prices are increasing very high in the last few months while the BTC price is stuck at the 5xk ranges.  It is said that now most traders and retail investors are only interested in buying/trading altcoins, especially meme, animal coins because they can make much more profits comparing to buying BTC. Some of my friends have x10, x20 their portfolio just 3 months after entered the crypto market. I joined the crypto market since 2016 but can't make as much money as they do for just few months.
They tell me to swap my BTC to other altcoins and hold them for much better profits. I'm still struggling to make my decision to sell my BTC for altcoins (I prefer ETH, ADA, SOL, ETC).
Do you think I should do that?
Thanks.

Your problem is to believe with btc at this stage, to me it's the opposite of your thoughts. I am thinking of that a reasonable buy zone at this stage as I believe btc will get its price higher than it is now, and it could reach $ 100k by year-end.

If you think so then go ahead. But I think having BTC is a lot more important than having an altcoin. Its must used and preferred which you can directly pay to merchants than any other coins you could have.

I was definitely tempted to buy SOL when it was just $15, the price sticks to $15 for quite a while I meant to buy but changed my mind. I could have doubled already but yep didn't do it. It's still BTC that I want to accumulate.

Depends on your target. Current range is 50k above, let say you have 1 btc at worth 55k then bitcoin hits 100k you earn 45k profits from holding it. But let's say those 55k invested on eth around 4k price and eth reaches 10k. You'll earn more than 100% but of course lower major altcoins are the best one.

In my opinion you'll get more multiplier on altcoin rather than bitcoin. Not a financial advise, always do your dyor.

It's always better to hoard btc instead of alt and most of people investing in altcoin usually just to speed up their ROI but you also must remember that alt also have significantly higher risk of vanishing into thin air
Maybe just divide your portfolio and allocate some of them to altcoin but I personally once the alt i'm holding giving the ROI that i've targeted I gonna convert it back to BTC to increase my btc holding.
But the sideways of btc already happened for months I'm sure it's gonna change very soon.

I can't tell about altcoins but bitcoin would never make you sad. Yeah, altcoins can be much more worthy of an investment but they are also a risk in average. That's why it would be better to keep the stocks of both bitcoin and a several of good altcoins. Be it in smaller amounts. That would make most of the adverse price moves of the coins less painful to you.

I think staying hold Bitcoin is much better...

if you want to convert your Bitcoin to altcoin it is too late, at this time the alt season is happening, the fear is that when you enter Altcoin the price will go down, this will definitely stress you out. believe me, before this year ends Bitcoin prices will be up to $ 100k.

If you think you will gain more by doing that coverting Bitcoin for altcoins then do it. However, for me much better to hold Bitcoin than to convert into any tokens. Bitcoin is the best coin that you can earn higher profit in a the right time. Hold your btc and buy altcoins from your fiat.

I quite agree with you and indeed this is not the right time to convert to altcoins,
what is clear before making a decision make sure that at least we do research and analyze the market, it is very important in my opinion,
This is of course so that we can make the right decisions and later do not regret it

You need to re-structure your portfolios again. All in bitcoin is only good for the long term hodlers that didn't wanna put their money into the risk. I have been making more than 100x from CSPR, SOV, the next should be MINA. You are too late to join in the party. what you can do to decrease the percentage of your money in bitcoin. Think about this, bitcoin already become trillion coin and that means if another coin could have the same chance like bitcoin.
DYOR is a must and remember this. No gain no pain. altcoin is about high risk high return.

I guess the amount of BTC in your portfolio might not be big enough which makes you come to a wrong conclusion. A small volume of Bitcoin and even seeing the gains on that might yield a low value, compared to someone who is holding >1BTC and bought at prices of three digits or four digits of USD.

Point is that back in last two years we have seen a stagnant market, where altcoins went down like anything and BTC was never rising. This was followed by a bull market for BTC in 2020-2021. Now since I have seen both sides, I can comment that buying bitcoin and keeping it is much better in terms of  profit and mental trauma than buying altcoins.

Now you may have some support for specific altcoin, however their probability of being in profit is much less than Bitcoin. You can buy today some altcoin and it might drop to very low prices tomorrow, because people are holding bags to sell it anyway.

If you feel that way then just go ahead with what you instinctively feel, the problem of greed for everyone in this market is not too strange. I just want to advise you to be satisfied and serious with the original plan you set out.

Don't bother swapping all your BTC for altcoins but you can take some portion of your BTC and put that into ETH, these two coins can still go up in coming months

Even if this is the case, then by the end of the year, Bitcoin may only double in value. Meanwhile, ethereum, for example, which in recent months has already surpassed Bitcoin in growth rates, and now its price has risen to $ 4,340, according to forecasts, by the end of summer it could reach a price of $ 10,000, and by the end of the year - $ 27,000. This is much more than just doubled.
You shouldn't rely on bitcoin alone. It will be much smarter to distribute your funds across several promising cryptocurrencies.

I can bet on ETH and BTC, if you don't have ETH you can buy that right now and hold, I'm not sure that BTC is done yet but if you've entered in an early stage and you've make some good profits then invest in altcoins that are very good like ADA, Vechain and others

To pump Bitcoin, the market need huge capital and whales need to create panic and shake all weak hands out, liquidate gamblers' positions. Then Bitcoin will continue its parabola. The altcoin season is existing to help whales prepare for Bitcoin season. You will see it.

Altcoins are only good in altcoin season and bull market. In bear market, Bitcoin is the best if you want to keep your fund in crypto.

They already climbed a lot but still can climb higher but if you still want to invest into those coins, you have to accept risks of falls. In addition, you have to prepare for any shake outs that are needed for their climbs. Shake outs are not comfortable and can make you feel very panic.

There are many altcoins that have yet climbed a few times like these aforementioned coins. You can choose them and have better ROI.

It was necessary to buy altcoins earlier but now is the time to fix profits now the risks of losing trading bitcoins are much higher.
Therefore if you decide to trade you should use stop orders in order not to get too big losses.

It's actually up to you. Suggestions and advice from others will remain as "suggestions" and "advice" but the final decision will be yours. Just because someone got a good result using a certain strategy, the same result will also be the same for you. Try to analyze what's the best thing to do at any given trend.

There will be a time that you really need to test some strategies for you to know what will be the result. There's no assurance that for every strategy, it will yield a good result so give a time doing some test and see what will be the effective strategy for you that you can use in the long run.

DYOR, if you are getting legit coin to invest and then swap it. i guess bitcoin had very big mcap and that will need a lot of time to be doubled again. I do believe it will happen in the next years.
Altcoins are starting to grow so hard. Try to decrease your bitcoin portfolio and then move into the underrated major coin.
Think before try to do that whether you can afford your bitcoin to be used to invest in the altcoin. Altcoin will always bring you into the high risk.

I think you should exchange your BTC and buy altcoins because BTC can't be 10x, But altcoins can be 10x in few months or weeks.
Always Invest in token after researching about that token. I have made my money 2x-3x with altcoins where Bitcoin can't give me 2x -3x.

I think you shouldn't swap all of your BTC. It may seem like the price is stuck for now but you can make a great deal of profit in the long run. Instead, you can buy some ETH and BNB if you still want to swap some of your BTC at least. I think that ETH and BNB both will reach even much greater levels compared to now.

BTC is going 100k now that Facebook have announced that they are buying and investing on BTC, I believe this year will be a wonderful one for all crypto investors, also ETH can still give over 6k and it's not too late to invest in this coins yet, I feel lot safer with these coins than altcoins

Hold some BTC,sell remaining BTC and buy some good altcoins like BNB, Ethereum and ADA. I think BTC will not double now in this year. Altcoins are doubling in a day.

Looking at the possible growth, I can say it is a wise decision to move to a promising altcoin than staying in BTC if you are looking for a better profit.  As of the choices, considering the current run and price, I would be picking ADA (this just me) since it is still cheap and SOL.  They have lots of room for price to grow.  Just a simple calculation, BTC reaching $100k = 2x only, ETH reaching 16k = 4x only,  now ADA reaching $20  or Sol reaching $400 (I bet you can see the difference)  and with much smaller capitalization needed.

Yes, it is unfortunate timing because earlier only BTC was going up while altcoins were rather stable with minimal growth. I think there are two kinds of waves right now in the market.

BTC Bull run: Where only BTC goes up and other altcoins will just sit and watch it reach new ATHs.

Altcoins Bull run: During these times like now, other coins will rise while BTC will remain stable and might move little to none.

I would still suggest keeping most of your portfolio in BTC because it has value in the long term while altcoins can go down anytime without any reason. I would say maybe keep 60-40 instead of 90-10 since it gives you a better chance of profits as altcoins move.

That's true but those opportunities arise in coins with high variance and high risk like Shiba token which recently came to the market out of nowhere and suddenly captured almost all of the market and even got listed at Binance. I hold some SHIB but I am almost certain that this is another meme coin and won't get as much support as the hype it is getting from traders.

BTC is the king of the market without any doubt and talking of growth recently we saw how it ran all the way from 10k to 50k so 5x is not bad for such a big coin whose growth is inevitable over years to come. With altcoins you can get 100-200x also easily, I remember I purchased some solana at $1 and they reached $40 when I last checked, but then again, it is just too risky to put money in these new coins.

That is exactly the reason why people are changing their bitcoin into altcoins. I am not doing that just yet because I already made a good enough profit, I did 10x this year already and I do not want to take the risks, when altcoins do 10x during bitcoin going 2x only that is a good time to own altcoin but when the price drops altcoins drop 90% while bitcoin drops 50% so I do not want to really make any sort of risk by going to altcoins now, I already have a good amount of money and I do not think that bitcoin would drop that much anymore.

Long story short I won't, but I also understand people who do, it is not really a bad thing to do because altcoins could make you a lot more money and you should focus on that if you want to take the risks and make a good amount of money, it is definitely something that would be profitable for you if you are right.

Of course it is better to sell part of BTC and buy the same ETH. For a month it would be +100%

Not a good time to switch to altcoins. As you said, most of them have already fold their value a few times, and I do not think after that folding will be so easy. That is why do as follows, invest 10% of your BTC to certain altcoins that can make you money. That way, if there is an increase, you will be able to evaluate it, if not, you will not be upset because the amount is not large.

In 2021 I'm sure both bitcoin and altcoins will grow well, but there's definitely a time of their own.
Investing in cryptocurrency certainly requires the right experience and thoroughness to succeed.
It is up to each individual to choose the type of coin investment they will hold.

I am heavily in ETH now and i am not holding any BTC anymore. I was looking at SOL too because i've heard good things from people i respect but i am still looking for entry place. But i am curious, what do you see in ETC? Is the chart looking good or something because i can't see anything good in fundamentals.

If you’re holding good amount of Bitcoin, you can sell some of it for at least 40% of your holdings and buy good altcoins for long term hold, this is called diversification so don’t worry that much since you are still planning to hold top altcoins, it can be more profitable. Don’t just sell Bitcoin for any shitcoins, that can become worthless and you might lose money. Looking at the market right now, its dumping again so this might be the best time to buy cheaper altcoins.

I don't think that will be the best option right now.
Remember 5months ago bitcoin price was about $20k+ and many people got do happy and sold out and those people are currently regretting of selling at that point. I think the Same thing might happen to you if you exchange for alt and by the end of the year you see bitcoin at $100k and then you tell your friends you sold yours to get alt how wish you knew.
Don't forget many altcoins drop so bad, the current rise might just deceive you and you jump in, sell off all your btc and later make less profit or likewise lose. There's a risk here, no risk no reward though but think of it this way, why not you drop your btc and take your mind off the coin cause I know the urge you get when you see your coin on exchange and the value keep staying stagnant. Really hurts bro
But forget about buy alts for now

Try to make a diversion. Put some percentage of your BTC to those coins you preferred which are TH, ADA, SOL, ETC. Trust me, it's exciting to have more eggs.

Try to observed within a week or two or better to wait for the coin's trend to see if that way will be a good strategy that you can apply on your future trades. There is no way we can see if it will be successful since the market is volatile. You just need some guts to do it and face whatever the result. But of course, you need to be focus while doing it, or else you will be wreck.

But how good it can be at this point? ETH, ETC and SOL price increased significantly while BTC stayed between $50k to $60k range. ETH and SOL price got doubled in last 30 days, ETC price increased so much but ADA price movement was somehow related with bitcoin. It hasn't increased like other alts. I think we shouldn't expect more and more from those alts. Bitcoin price may increase quickly in upcoming days. It would be better to invest fresh money in altcoins rather than swapping bitcoin into alts.

None of the people couldn't be as bad luck as you. I haven't any clue why you don't get 10-20 times profit when you are here since 2016. Your 90 percent portfolio is in Bitcoin, which means you want risk fee investment. Make altcoins season investment instead of holding your Bitcoin. Today Bitcoin price dumped, now it can't be a good decision to swap to another altcoins.

Ya if you're looking for big profit then you should turn it into another good altcoins because in my opinion the price of BTC is already too high and verry hard to reach more than x10 from this current price.

This is just an insight of mine. Normally what goes up must come down. BTC has limited usecase in the real world so I want now to hedge over stable coin like DAI or Tether. To feel more secure. Just a financial thoughts of mine .

If you're already invested in bitcoin then i suggest you to keep hodling mate.. Rather than choosing again some altcoin that can help you to improve your profits and especially to skip the situation what you have right now.. For me its a bad idea actually because mostly alts are not that good like bitcoin .. Yes you can solve your current situation right now if you swap your btc in some promising alts but did you know how long it will last? Is it like bitcoin than has a strong support wherein in every fluctuation it always bouncing and the potential is too high to make an ATH soon? I think no since alts nowadays are good only for short term unlike bitcoin, even you hold it for how many years you still can make good return after all, what i mean even you have a worst situation right know you still have a chance to win no matter what happen afterwards. Unlike alts wherein not trustworthy when it comes hodling.

Im not saying that on those altcoins but you can also venture to those new projects that are going to come out like casper, clover, dfinity, truebit, flare, symbol and new major altcoins that will enter the market. I think these new projects have chance to do a good run this 2021. Just my opinion, you can do your due diligence.

I'm not going to believe that altcoins will be much more profitable than Bitcoin in the future that gives us the reason that we have to sacrifice our BTC for them. Holding altcoins instead of having Bitcoin is not really a good idea, we just like taking the consequences of losing near.

before you do that, think about which one will gives you as better future, think about which one is sustainable, and which one could give you a higher profit assurance. We are talking about long-term investment, altcoins just in higher profit this time because of the hypes but what will happen if this will be over?

Your investment will only depend in your own preference. Don't worry if you get lose from your own choice because that will also leave you good lessons.

I would not suggest to swap your bitcoin into altcoins or just focus on bitcoin alone because we have different perspective on how to become profitable. Just DYOR with due diligence and i know you will never get wrong from your own point of view.

My friends circle and I'm also extremely keen on buying some Ether. The problem is we can't neglect the power of BTC which takes way to much time to up, at that point convert to eth would be best idea to accumulate large amounts. Ether likely to reach $5k, so easy shot. My biggest concern is safety, then taking profits.

Currently Bitcoin dominance dropped from above 50% to 40%, so that mean alot of investor and trader moved their BTC to altcoin that make price of altcoin going to new high. So in my opinion altcoin season just starting, and move from BTC to altcoin is good decision now, but becarefull to choose altcoin because the risk can be more than BTC. From altcoin that your mention, I think SOL is one of the best one, because this smart contract platform solved high transaction fee and possible to handle 50,000 transaction per second. And will be good decision if keep holding 50% of BTC and other remaining 50% swap to altcoin.

It's your bitcoin your rules you can do whatever you want with it, if you think bitcoin isn't making any head way as before, then you can dump it for another coin, although if u had those Bitcoins I wouldn't think of selling them for all this animal / meme coins around, cause those coins are very risky, there's no real product and at any point in time their value can go back to zero but bitcoin price cant drop to zero, so choose wisely.

So you're easily driven by what others just said to you? You know that Bitcoin is for the longer-term right. Getting stuck around a certain price range is just quite normal for all of us in Bitcoin.
Do you even remember back in 2018 when Bitcoin was like stabilizing around 7k before it crashed to 4k, but prepared to launch itself back and now we're in here?
How's that for the story in the past, OP? ;)
Do you think you'll still swap?

actually, it depends on circumstances. if it had continued in bitcoin, I would probably hold on to it, and maybe my next investment would be in the popular altcoin. however, if you feel that the holding potential of altcoins is better, I recommend choosing a top-tier altcoin like ethereum and BNB, and don't divide it into too many altcoins.

In my opinion, keep your BTC. Suppose you want to buy altcoins that give you a big profit, either x10 x100 or more. In that case, you don't need much money because I have seen that most altcoins whose prices have gone up drastically are shitcoins that have a lot of total supply. Still, the altcoins you mentioned, I don't think it can give you significant returns in a short time unless you hold on to the long term.

Hey, Stakenet XSN is one altcoin worthy of an investment I must say.

- Undervalued but has high potential to rise with the upcoming launch of their beta Stakenet DEX.
- A project with real utility.
- Not a buy-product of hype or meme.
- Continuous development since 2018.
- Built by a wonderful team of professionals.
- Active discord/twitter community.

Please check it out.

Seeing bitcoin price goes sideways is for me an indicator to sell it and shift into altcoins because if you know every bull market cycle once that bitcoin goes sideways its a sign of the altcoin season and we have seen how altcoins show promising pump even shitcoins.

Both sides is good most especially we can see both btc and Altcoins are good coins. It shows already proof why they exist and remain known in cryptocurrency market. Talking about Altcoins, there are many coins you can choose which surely good for investment. It just need patience, knowledge and trust for you to be successful. In the end both decision is good as long you are confident enough and you know the movement.

NEVER ever go for that. You may become disappointed at any time.
The best practice must be risking only 5% to 10% of your portfolio in altcoins is always recommended.

What we are having right now due to dogecoin/etehreum is not a sustaining one. Moreover these may happen once in 5 or 10 years, you cannot dream about that on cyclic manner how people are enjoying assured profits with bitcoins on every four years. By the way, I never heard about SOL so far, what is that?

ETH might be trading around its ATH of life time right now, investing with that may become a life's biggest mistake as well. Same the case for Ada. ETC may become dead at any time.

I think it's better to hold bitcoins for a long time, but if we have a lot of bitcoins there is nothing wrong with converting some bitcoins into Altcoins because we don't lose all the bitcoins we have.
My principle is not to leave Bitcoin because the price of bitcoin will continue to rise from year to year. I really believe that the price of bitcoin will continue to rise because there are more and more bitcoin users and the supply of bitcoin is only 21 million spread all over the world.

One can see in your post that you have not been in the crypto business that long. If you take a closer look at the Bitcoin chart, you can see that Bitcoin has always had longer sideways movements in its history. Especially after a strong price increase. It's the same this time.
Of course, you can now switch to altcoins now, but the separation between good and bad altcoins is just beginning, so you have to choose the right altcoin to really take a profit. Bitcoin will make its next push sooner or later, probably towards 100k. That's why most Bitcoin investors have always been right to sit out such phases and not trade in other coins.

It is better to have a small plus on bitcoins, which I am 100% sure than to play with fire on altcoins, where you can lose everything. I keep my money 85% in bitcoins, and the other 15% I trade Eth and transfer all my profits to bitcoins. Bitcoin is the king of cryptocurrency. But the choice is yours ....

There was a time when we used to switch over from Bitcoin to other altcoins after the rally subsides but this time around the entire market rallied and some of the altcoins reached levels which i never thought was possible in a short period and even the meme coins rallied baffling everyone and hence there is no point in switching to another alt and the general expectation is that we will see one more rally in Bitcoin before the major correction just like you mentioned but i am not sure whether we will reach your target but still expect one last rally before the correction.

I agree with the notion of bitcoin as the biggest portfolio piece, I just do not agree with the 5-10% part (depending on the coin of course). Right now 90% of my portfolio is btc-eth-bnb and has been like that for months, I am very happy with it, I made a great deal of profit that way, while others made even more I was quite happy with what I have.

But I did purchased eth and bnb, those are altcoins so I could say that I do not have 10% in altcoins, I do have 10% in other coins aside from these three, that is the true part and I agree with that but the fact is that I still managed to make  a good amount of income from the biggest three coins in the crypto market. That is why I agree that you should not swim outside of shore too much, but you can keep it at the top levels if you want to, which I did, I have like 40-50% of my money in bitcoin as well, just not 90%.

I think its your choice to make, but one thing I would like to correct is that bitcoin will still break above $60k eventually, no matter the bad news we got about tesla, $60k is only a number bitcoin will get there without Elon Musk's tweets, since you really want to diversify your portfolio, some altcoins are currently trading very cheap right now as the market is a dip, I would recommend you buy Ethereum, bnb, dot, and ADA, these coins have a bright future and no doubt you will make a good profits from them.

If i were you i would definitely stay away from those meme-coins. The whole hype around them started a few weeks ago and is already dying out again in my opinion and within the next few weeks and months 99% of those meme-projects will be dead. If you would invest in those meme-coins now i think a total loss of that money is very much possible. To have a high percentage of BTC in a crypto portfolio is good in my opinion as it is usually the most stable coin of them all and also does not drop as hard in a bear market as most altcoins. You could change your portfolio a little though if you want and make it like 70% BTC, 20% in established altcoins like BNB, Dot, ETH and so on and the other 10% into more risky projects.

This depends on your personal preference and your risk appetite. I like holding a good amount of BTC and i believe a good portfolio will hold the major coins with at least 50% of the dollar value. However taking calculated risks will also help you grow your portfolio value more so you should hold a good mixture of the more volatile altcoins with potential for big gains in the market

Having btc as one of your asset is great but for me I'll go with alts rather than btc. Especially if you just a small scale investors/holders. Coins which has a high market price like btc requires also a high amount of capital. Because you will not appreciate the profits if you will put small amount. Unlike in alts, it is okay if you are small scale buyer because you will gain from scalping if you will do it in a right way.

Well, It is not too late to join altcoins, the altcoin season seems to continue in the next few months. If you want to try your luck on altcoins, you can swap a few numbers of your Bitcoin. But make sure you choose the most potential altcoins only. Top altcoins are the most recommended, even if they sometimes dropped in their prices, they can recover soon. So, I suggest you swap your BTC to top altcoins.

By the way, you must remember that no guarantee that altcoins will last a long time. You are better to buy altcoins and make a short-term target. That's can be a safer way than you hold till the next year.

If I were you, I would keep HODLing my BTC. Because it will make you have maybe even the most profit compared to others in the long run. And actually, you can also buy ETH if you have more money to be able to invest in it. Because ETH is also one of the very promising coins now. I expect the price to reach at least $10k in the future. Maybe not this year but it will happen I believe.

You don't regret it now as altcoins have grown so wild and becoming more profitable than Bitcoin but later when the bullish season is over, that is the time to see which one is more sustainable and which is not. If you are doing to do that, I'm still sure that you will sell your Altcoins again and get back to BTC.
If you will just swap BTC for altcoins and hold, much better to have it shared Bitcoin and some altcoins and hold them together.

That's right, also to get best profit from holding btc is need some big amount, if it just 0,01 btc will not worth to hold it in btc. Convert to altcoin was recommended. If that guy can take big risk, sometime a new project can give billion benefit, but not really recommended to do that.

well, in the long run, bitcoin would be the best choice. Altcoins will be maximized if played in the short to medium term, depending on project development and market acceptance. by utilizing the right timing, for example being able to join a presale or initial sale, then it can be a good opportunity. especially now that many IDOs are popular, such as in Poolz, polkastarter, etc.

To maximize profits, I suggest, try investing in a few altcoins to take advantage of this altseason.

in my opinion it is better if you still hold your BTC, because BTC is safer to be used as an investment and the price of BTC will definitely continue to increase all the time, then every time a bull run occurs in the market, then of course the price of BTC will definitely increase first, that's why if you really want to invest in altcoin, so my advice is that you better add your capital to buy altcoin and not swap your BTC to altcoin, because I believe in the future the price of BTC can be at least $100k.

Its not too late since the market is still recovering and altcoins might go for more up trends, OP can actually swap some of his BTC holdings into a good altcoins. New projects on BSC network are also rising, they can give an easy profit buy you must watch the market closely because it moves faster and very volatile. Altcoins can help you achieve your short term goal in terms of profit, just be active and always do you analysis.

I suggest you increase the amount of bitcoin you have as much as possible and hold it. Isn't that the main goal of many people here anyway? to have as many bitcoins as possible. Of course, while doing this, it is necessary not to miss the opportunities in altcoins. It is necessary to be able to follow bitcoin and altcoins at the same time. It is necessary to be aware of the opportunities. but replacing bitcoin with altcoins is not a logical idea to me.

Selling off your Bitcoin know is not a good idea. In the next couple of years, we would all looking back and the price of bitcoin is cheap now. Hold your bitcoin for the longterm and don't get distracted by short term gains

I am surprised you only invest in a single coin. Most people invest in some crypto coins because it can optimize the chance to earn bigger profits. Bitcoin is good for investment, but trying to get more profits from altcoins deserves to try, buddy! Also, it is an altcoin season, why don't join it. ;)

It got some reasons, many were doing that but we are already in the peak season and I feel worried if the market will dump and altcoins will fall badly. Maybe if this has been made earlier before it reaches the peak price, I believe that was more profiting but for now, it is a big risk to be taken. That seems to be a suicidal action to be made.
I hope people doing this will even succeed but I don't suggest selling all of our Bitcoin, it seems to be safe if you just save half of it while the others are for altcoins.

It's recommended to hold a big percentage of bitcoin because it's the safest investment that you could make and at the same time number 1 cryptocurrency in the market.

I think it depends on your goal, I did sell some of my bitcoin because I mean I'm not that big of investors so I need to earn a big amount of profit in a short time so the easiest way to do that is to invest in altcoins that could give me a much higher profit than investing in bitcoin or investing more in Ethereum.

It just depends on your strategy in cryptocurrency, you could always buy back bitcoin if you want to if the market price is a dump, but make sure that you're selling your bitcoin at a good profit.

You will not make a profit if you swap your Bitcoin to Altcoins at this time
because some Altcoins are already at quite a high price

I highly recommend that you keep holding of the Bitcoin you have
do not be jealous of your friends, because you will be more profitable than them

#keep hold, staying poor

That’s what I'm confused about, can't get the idea where should I move. For this situation I have bad luck, couldn't settle on any choice appropriately. Fall into dilemma when to take profits and reinvest them. I made few attempts, every coin I given priority failed badly. I would probably just forget about it and keep investing into bitcoin.

- Agree, I also have a lot of ambition on the strategy of using bitcoin to buy altcoins in the past but this strategy quite a lot of failures in terms of profit when Bitcoin is a major factor goes up, altcoins can't change fate too much as it always becomes the ground for bitcoin to step on, altcoin and bitcoin currency pairs always fall every time bitcoin breaks, it's always under my watch. Want to participate in altcoins, the value of bitcoin needs to be as high as possible and an intermediary step back to stablecoin, that will limit the loss of value in altcoins

Bitcoin is the most reliable coin to hold for a long-term goal, not altcoins. that is why the majority had the goal to accumulate more rather than selling for altcoins. Even we saw that altcoins did a good market gain this time however, it never gives me a reason that I have to sell my Bitcoin. Maybe I put into that consideration about selling if Bitcoin will dump but that doesn't mean I'll go for altcoins.

May it looks good if we invest in Bitcoin and altcoins at the same time.

It's only a handful of altcoin that has done more than bitcoin during this bull run. Infact, we all know that Bitcoin is the only coin with over a trillion dollar capitalisation in the market. This simply implies that there's still a lot of potential with Bitcoin. I'm still positive about bitcoin and believe that the) many more ATH would be recorded in the market.

There is a moment when bitcoin price insreased a lot and altcoin price just sideaway or fall because some reason. Also, there is a moment when altcoin price increased a lot whereas bitcoin price just sideaway even dump because some reason. As crypto investor you have to know those situation to maximaze your profit also to still comfortable when you are holding the coin.

Usually, in my experience when investing crypto currency if there is a bull run season then we have to focus to choose bitcoin as the main investment place because in some situation when a bull run for bitcoin come then we will see most altcoin price will go dump and sideaway. After the bull run for bitcoin is end and its price just make a sideaway market then we have to prepare for altcoin season. Those situation always happen in crypto market.

Doesn't this depend on the altcoin we are talking about? I mean surely there are altcoins that made a lot more profit to people if they switched from bitcoin, and there are some that would suck to switch, so it is coin by coin basis. Like just to give an example, shiba inu (which I find to be totally insane) went up 624% this week, that is 6x return in just one week, whereas Qtum went down 26% this week. That is basically one giving you 6 times more money than you entered versus losing quarter of your investment all inside just one week. This was taken from CMC as well and from the top 100 only for this week.

If you go back and if you check more places I am sure you can find coins that lost 80%+ and coins that earned 1000%+ as well. So, that means some are better than bitcoin and some are worse than bitcoin. Obviously in the long term I would pick bitcoin but in short term there are definitely better ones for profiting.

You have to make sure that you fully understand what you are doing, it's also too risky switching from alts to BTC,
there are many cases that you'll be trapped along the way with your chosen diversions.

It's a requirements or it's a must to deeply analyze the situations and make sure to take advantage of any given opportunities
working between Bitcoin and alts market.

Money is very important better to work on it and keep enhancing your chances.

Nothing prevents you from keeping half of your assets in BTC, and investing half in altcoins and ethereum. This way, to some extent, the safety of funds can be guaranteed in case of unfavorable movements in the market.

Depends on the purpose! If the purpose to diversify our crypto assets, it is okay. Moreover, it is altcoin season, it is a good idea to swap Bitcoin to potential altcoins. But of course don't sell all our Bitcoin, just sell a few of our Bitcoin.

However, in the future, there will be a bearish season after the current bullish season. The price of Bitcoin should be decreasing much in the bearish season. At that time, it is the best time to buy Bitcoin for the next bullish season. So, it is no problem if you have a plan to sell your Bitcoin in this bullish season. Jusy buy again in the next  bearish season.

wrong decision if we are able to sell all the Btc that we have so that it can be converted into Altcoins, Altcoin season has indeed arrived this year, but if we decide to take this action then regret will surely await us in the future. it would be much better to take advantage of this precious moment by applying both of them without wasting all the Btc we have

That is why I prefer coins and tokens with a strong position in CMC, avoiding movements outside predictions that are sometimes irrational. yes, the pump and dump scenario. on the other hand it looks very profitable, but the risk is high. if you are lucky you can gain a lot, if not then be prepared to lose a lot.

if not ready to face the risk, better just hold btc for the long term. but if you want to take advantage of altcoins, you should study the project carefully. make sure the timing is right, as most new tokens or coins are not suitable for the long term.

They say that each has its own season whether it is Alcoin or Bitcoin depending on the movement  of the market, I think it would be wise to remained in your bitcoin for quite a months or year and see if there will be changes going on coz I knew there will be, if not then take the risk and try to sell some of your BTC or sawp it to Alcoin to suffice your curiosity and question and if it works then well and good if not. wait again.

the altcoins are already reaching their heights, you might think twice at this moment before switching because at any moment BTC could rise quickly and you won't have time to shift again when altcoins you hold have plummeted while the BTC you just left is running up wildly.

this why hodlers should have invested during the bear market when prices are still 0.02USD for ADA and BNB is less than $20. this time you would have to chase every market.

Im starting to feel the same as well.  Look how much btc dominance has went down.  Does anyone here think it will ever get back up to high 60 percent dominance anymore?  Last time I know it did... but this time... i have tough time thinking it can.


Literally all those altcoins are going up and they are going up like double or more easily it seems.

Me personally, I invested in BTC and altcoins at the same time. Well BTC was my long term investment as well as ETH. For you, I think you should set your goal first to be able to determine which coin is the best for you. Maybe you just want to trade rather than to invest for a long time. Or maybe you want to be like me who have invested to BTC and alts at the same time to be able to determine which is more profitable.

Everyone decides by himself where and when to invest, and in general, already some time bitcoin cannot return to the price of 60k$ and it is unclear whether bitcoin will be able to return to 60k$ in the near future, and in general, the growth of cryptocurrencies has been going on for a long time, so it will be difficult to say if the market will continue to grow or will begin to fall, and in general, of course, the price of bitcoin in the future will grow to new heights, but when it will be unknown, so only you must decide what to do with your investments.

If we are talking about long-term investment and gives you the highest benefits, just keep your Bitcoin, not altcoins unless if you are investing ETH and BNB. Other than these coins or among the top 10 coins in the market, you can never expect positive results from your investment. If you have money left, may you have to use that, but not you have to covert BTC for altcoins.

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Well, it's up to you if you listen to us or not. We are not taking responsibility for this but we already give you some insights for possible results.

You can of course expect positive results from other coins as well. It doesn't mean they will occur but that is the same for Bitcoin. There are two sides to the coin for any investment on this planet. If you want to play it relatively safe Bitcoin is the best option. It is up to you to how much risk you want to expose yourself.

I for one once the alt I am holding giving the ROI that I have focused on I going to change over it back to BTC to build my btc holding. That is the reason it is smarter to keep the supplies of both bitcoin and a few of good altcoins. Since methods of individuals in exchanging action is unique and in spite of the fact that their exchanging ways is same, the outcome still extraordinary one another.

Its depend which alt coin you choose from my prespective bitcoin still good for daily trading . bitcoin daily change 24h still good enough.  and also seeing other market maybe can triggered you to invest their coin but you have to do your own research before buy it . just do simple research and not just based on percentage only.

Its your call to make, your portfolio is more focused on Bitcoin but I believe the hype is not over yet there’s a strong possibility that BTC might continue performing well before this year end. A diverse portfolio is also good most specially that altcoins are booming great way to make profit and take Advantage of the hype.

90% in btc is too much  .
you can convert some of this btc to the altcoin of your choice and put small % to the animal coins . it is tempting because it was their season but many animal coins are now dumping few moments after they get listed .
 animal coins are not for hodling but  btc and some major altcoins  are .
dont feel bad if the price gets stuck but feel bad only if you lose because you are driven by greed after seeing other peoples gain .