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1  Bitcoin / Bitcoin Discussion / Re: Converting altcoin profits into Bitcoin? on: June 08, 2024, 08:57:08 PM
I realise I am outnumbered here with most of you only buying Bitcoin , that’s fair enough let’s just see what happens.

I believe I will have a few altcoins that will go to zero but the majority will give me profit and I will have a couple that will give me fantastic profit. I am currently holding one that I am up 32x on and that is even after this mini crash in the last 24 hours , I was up over 40x on it a few weeks ago and I believe at the peak of this bull run it will give me a 75x return at least, hopefully over 100x.

A few of you here are acting like I am only buying altcoins outside the top 1000 which are really high risk. As I mentioned a few times now, the majority of my altcoins are strong altcoins in the current top 40 and they are going to give me at least a 5x , hopefully 10x in the next 6-12 months.
2  Bitcoin / Bitcoin Discussion / Re: Converting altcoin profits into Bitcoin? on: June 08, 2024, 06:55:07 PM
If I were you I'd exchange all my altcoins to bitcoin ASAP. The only thing I'd hold (if I had it) would be ETH because of the approved ETF. There's a chance it will get a new ATH, just like bitcoin did this year, but be aware that holding altcoins is gambling. They can go to 0, or be reduced in value by over 90%, which bitcoin simply cannot do. It can fail, it can lose value, but you will never see a total 90% meltdown over the course of days or weeks, but you can see altcoins do it, just like Luna did and many other well known scams like bitconnect and all the bitcoin clones. For instance Bitcoin Gold lost over 90% since launch in 2018.

You have to take risks in this game to make life changing money.

I was never going to make life changing money this past 2 years and the coming year just by buying Bitcoin but I can do with the altcoins I am holding.

I repeat , most of my altcoins are in the current top 50 and only have 2 that I consider real gambles - they will either go to zero or could 20x or even 50x my money over the next 12 months. A risk I am willing to take.

We have seen a mini crash in the last 24 hours with some of my altcoins down around 20% but some only 5-10% - they will quickly recover.
3  Bitcoin / Bitcoin Discussion / Re: Converting altcoin profits into Bitcoin? on: June 08, 2024, 06:50:58 PM
Which is what I advise: For the moment, hang onto those bitcoins and permit them to ride the wave. However, monitor the market closely and begin to take profits and turn them into cash or stablecoins as soon as you notice indications of a high. Then, when the bear market hits – and it will, folks, it always does – thats when you jump in and buy Bitcoin at a discount.
I believe you mean 'hang onto those altcoins', because it is altcoins that op is storing with the plan of converting his profits from them to BTC. This idea looks good in theory, but it does not mean it will turn out exactly like that, altcoins usually lack any utility and it is easy for most of them to lose their value very quickly.

My point in all this is that you could lose your money long before you try to convert it to BTC, and that is why i choose BTC over other coins and i do not fancy op's idea, but each to their own.

We have a big bull run coming over the next 6-12 months , Bitcoin will pump but Altcoins will go crazy.

The way you are talking is like we have a bear market coming up and all Altcoins will die - Altcoins see many returns in bull run peak.
4  Bitcoin / Bitcoin Discussion / Re: Converting altcoin profits into Bitcoin? on: June 08, 2024, 08:25:24 AM
LegendBTC - let’s just agree to disagree.

I don’t think there is much difference in me being +117% in my altcoins or being +124% in Bitcoin has I only invested in Bitcoin up till now.

I am happy with this position I am in as like I said we still have up to another year of this bull run and altcoins can 10-50x during that time while Bitcoin will likely only 2x , possibly 3x.

The fact I am +117% overall with just altcoins shows you it can be done without Bitcoin and I think there will be an alt season , I get you are against altcoins so would say there probably won’t be one but I think there will be.

I am holding a few altcoins I am currently down on, the worst one I have is currently -40% down. I have some that I have a small profit on currently and have some that have done over a 10x for me and one that has done over a 40x.

I am going to stick to my plan of holding altcoins till the end of this bull run and then cashing that profit into Bitcoin gradually once the price starts going down after this bull run.
5  Bitcoin / Bitcoin Discussion / Re: Converting altcoin profits into Bitcoin? on: June 07, 2024, 03:17:14 PM
I have just checked on the Bitcoin DCA calculator had I only invested in Bitcoin from November 2021 till today my portfolio would be +124% so not much difference really.

6  Bitcoin / Bitcoin Discussion / Re: Converting altcoin profits into Bitcoin? on: June 07, 2024, 03:03:06 PM
First bull run for me and I do not have any Bitcoin yet but do want some after this bull run to hold until 2030 at least.

Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.
If from the beginning you do not intend to hold bitcoin and only invest in altcoins, what is the guarantee that you will definitely profit from those investments and switch to bitcoin later? You haven't even made any profit on altcoins yet, so don't make plans to convert us to bitcoin yet, it's too early to talk about that.
Also, you intend to invest in altcoins because you want to get rich quickly from it, what will ensure that you will move all to bitcoin while you are making huge profits from altcoins and you also know that bitcoin can't do that?

It sounds easy to say but I really doubt you will do what you say. If owning bitcoin is your top goal, then you should have it first in your portfolio.
Investing all your assets in altcoins is a very risky decision and I hope you know what you are doing.

What do you mean I haven’t made any profits yet on my altcoins I am currently +117% overall and I only hold altcoins.

When did you start your journey of investing in altcoins and only received 117% returns? And you consider that a success? Bitcoin has gone from $15k to $73k in just over a year and even if you are new to the market since the beginning of the year and you invest in bitcoin. At least you will get double profits or more but there will be a huge difference that when investing in bitcoin, you will be completely safe and get good night's sleep without worries. Because bitcoin will not suddenly disappear or be dumped and will never recover like altcoins.

You are facing greater risks, but you are not able to receive commensurate rewards, do you feel you have made the right choice? Meanwhile, if you choose bitcoin, you will be safer and the reward you receive will be more worthy.

I also invest in altcoins and even memes but I invest no more than 5% of my capital, the profit I get from it is 5x-7x and I'm still not satisfied because of the risks I take. I want to emphasize again, investing fully in altcoins is very risky and it would not be a wise idea if your profits are too small compared to the risk you have to trade-off.

I started my crypto journey 2 weeks after the 2021 all time high - unfortunately for me this was not a good time but I was new and did not have any understanding of the 4 year cycle. The $15k you mention above was the bear market bottom in November 2022 so by that point I had been investing for 1 year.

I do believe had I only invested in Bitcoin since November 2021 then I would be in a better position now however I believe the way I have done it with altcoins I will be better off after the bull run as the majority of the altocoins I am holding I am expecting at least another 5-10x from current price , some even 20x .

Bitcoin will likely only move another 2x , 3x maximum between now and the end of this bull run.

7  Bitcoin / Bitcoin Discussion / Re: Converting altcoin profits into Bitcoin? on: June 07, 2024, 10:38:37 AM
First bull run for me and I do not have any Bitcoin yet but do want some after this bull run to hold until 2030 at least.

Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.
I believe Bitcoin is more reliable than altcoins, but you never know for sure, and it's true that BTC price is pretty high right now. I don't know what's the best choice in this case, and I'm not giving financial advice, so I'll just write what I think I would do. I would sell for USDT or USD to keep the profit from altcoins and wait for the price of Bitcoin to fall by at least 20% before starting to DCA and gradually obtain more and more BTC.

Yes , this is what I think I will do.

Sell my altcoins for USDT over the next 6 -12 months when they should be a lot higher in value compared to now.

Then wait for the price of Bitcoin to cool down after this bull run to start buying with the altcoin profits.
8  Bitcoin / Bitcoin Discussion / Re: Converting altcoin profits into Bitcoin? on: June 07, 2024, 07:57:23 AM
Helena - I asked what the best way would be to make the most of my altcoin profits this bull run to get the most bitcoin for 2030 and beyond.

As usual though it always ends up in Bitcoin vs altcoins because there are so many on this forum who only see Bitcoin.

Bitcoin is great for long term potential yes but for the rest of this bull run over the next 6-12 months Altcoins will see way more returns.
9  Bitcoin / Bitcoin Discussion / Re: Converting altcoin profits into Bitcoin? on: June 07, 2024, 07:31:20 AM
First bull run for me and I do not have any Bitcoin yet but do want some after this bull run to hold until 2030 at least.

Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.
I'll like to advise you that these two market are closely related to each other. If you invest into altcoins then you have to see the BTC market correspondingly in order to have clear insights about your investment in altcoins.

So it will not make much difference if you invest into any of the food altcoins or the BTC but I would prefer the investment into BTC.

It does makes a big difference if you invest in Bitcoin or altcoins now.

For example , Cronos is one of my main altcoins and I believe that it will at least 8x in price between now and peak of bull run - Bitcoin you may only get a 2x , 3x possibly if things go really well.

Like I have said many times I am not against Bitcoin, I just want to make as much money now this bull run over the next 12 months which will then give me a good amount to invest in Bitcoin in the next bear market.
10  Bitcoin / Bitcoin Discussion / Re: Converting altcoin profits into Bitcoin? on: June 07, 2024, 06:19:03 AM

We are nowhere near the peak of this bull run so doesnt make sense to me to cash out my altcoins now when they can do another 10x or even 50x return over the next 6-12 months.

Personally I would say you should go for your conviction. Everyone here, including me will tell you to save play by buying bitcoin because it is the safest of all the coins. If you need to buy bitcoin there is no need to wait for a perfect time you start DCA from the day you have funds ready. But as it goes bitcoin will not give you 50x or even 10x highest in my perception right now is a 4x. The Altcoins will give you that and they may still dump with same volatility too. So the play is in your hands if you feel you can take the risk of losing them then gamble on with them. But a safer landing is always bitcoin because you’re not at the risk of it rug pulling like the Altcoins.

Bitcoin is safe yes but I just don’t see point in cashing out now if I cash out now I can’t even buy one Bitcoin but if I cash out my altcoin profits in the peak of the bull run and then buy in the next bear market I might be able to buy 2 Bitcoin.
OP You really need to understand that Altcoins are just similar to gambling because they don't have any guarantee that they will give you a profit. The biggest fraud of Altcoin happened recently with Solana, who stole bundles of dollars from people. Apart from this, there were many other altcoins, like OneCoin, Todex, Squid Game, etc., that stole people's money by rug pull. Even I myself have been a victim of this altcoin fruad. I have lost thousands of dollars in Solana rug pull. So now I have 70% Bitcoin in my portfolio instead of Altcoins. So I think you should consider your stance so that you don't fall victim to the same activities. If you are sitting in the hope that i will organize profit from altcoin in bull run, despite the fact that altcoin can also rug pull and give you loss instead of profit.

I understand the risk with Altcoins. Have never heard of those Altcoins you mention above so they were probably outside the top 500 or something and risky at the time?

There are thousands of altcoins but the majority I hold are in the current top 100 and probably half of them in the top 50. Cronos, ICP, Hbar, XRP just to name a few.

My portfolio is +114% currently and we still have many months maybe even a year left of the bull run so prices will rise a lot higher so I’m hoping to be at +1000% profit at least come the end of the bull run and that is when I will cash out and then convert to Bitcoin gradually.
11  Bitcoin / Bitcoin Discussion / Re: Converting altcoin profits into Bitcoin? on: June 06, 2024, 09:38:12 PM
Sandra, there are many altcoins that have done 50x return in less than 12 months.

My one is called Arcblock and I have another couple that are on there way to 50x return also in the next few months.
Perfect! If that's exactly what pays you untimately. For that reason, stick to it. I don't do altcoins so I may not have the perfect experience for you on this.
We had alot of awful experiences through the years gone by... Goonies don't even fall for another rugpull yunno.
Quote
Bitcoin is great long term , until 2030 at least but I want to make money now in the next 12 months and I am not doing that buy buying Bitcoin.
Oh C'monnn... What was the point of asking the damn question if you had known exactly what to choose? Ain't nobody butt hurt for whatever altcoin you HODL. See, the thing is -- It's impossible to make so much profits as you may desire from Bitcoin, just in a space of one year.

I asked what the best way is to convert altcoin profits into Bitcoin to get the most Bitcoin possible.

You don’t do altcoins because you have had a bad experience? I suggest you look into them
more because many of them are safe and you are not going to make a lot of money any time soon just buying Bitcoin especially now it is near its all time high again.
12  Bitcoin / Bitcoin Discussion / Re: Converting altcoin profits into Bitcoin? on: June 06, 2024, 02:39:21 PM
It is my first bull run but I wont be greedy - I constantly read how others whose first bull run was in 2021 did not take enough profit and how they spent last few years regretting it.

I plan to take profits gradually as the price goes up of each altcoin over the next 12 months.
13  Bitcoin / Bitcoin Discussion / Re: Converting altcoin profits into Bitcoin? on: June 06, 2024, 10:42:49 AM
First bull run for me and I do not have any Bitcoin yet but do want some after this bull run to hold until 2030 at least.

Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.
If from the beginning you do not intend to hold bitcoin and only invest in altcoins, what is the guarantee that you will definitely profit from those investments and switch to bitcoin later? You haven't even made any profit on altcoins yet, so don't make plans to convert us to bitcoin yet, it's too early to talk about that.
Also, you intend to invest in altcoins because you want to get rich quickly from it, what will ensure that you will move all to bitcoin while you are making huge profits from altcoins and you also know that bitcoin can't do that?

It sounds easy to say but I really doubt you will do what you say. If owning bitcoin is your top goal, then you should have it first in your portfolio.
Investing all your assets in altcoins is a very risky decision and I hope you know what you are doing.

What do you mean I haven’t made any profits yet on my altcoins I am currently +117% overall and I only hold altcoins.
14  Bitcoin / Bitcoin Discussion / Re: Converting altcoin profits into Bitcoin? on: June 06, 2024, 08:31:57 AM
I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.
What do you mean highest prices? If you plan on buying during a decline a price then you can time it to swap your coins either from fiat or from another altcoin when the market is down. Or there’s also another option wherein you can convert first your coins into stablecoins after you’ve gotten profit. That way your money is already stored safely and you can easily convert it to bitcoin when needed.

If I take my altcoin profits in the next 3-6 months, Bitcoin is likely going to be at its all time high so dont understand converting to Bitcoin when it is at its all time high.

I would rather take my altcoin profits into usd and then buy Bitcoin once the bull run is over and we enter the next bear market.
15  Bitcoin / Bitcoin Discussion / Re: Converting altcoin profits into Bitcoin? on: June 06, 2024, 08:29:48 AM
Some countries will fuck you if you convert an alt directly into btc at this time . The USA will make you report it and determine if you owe tax.
Did they just seriously improvise a way to keep tracks on anyone that does something out of the government's administration/jurisdiction?.. Yeah, I heard them presenters analyzing the percentage of taxes paid through to the govt and, literally, there's nothing that goes unaccounted for... it's way different from what happens in other countries; unless I'm making a transaction in my local currency, unnecessary taxes aren't included.

We are nowhere near the peak of this bull run so doesnt make sense to me to cash out my altcoins now when they can do another 10x or even 50x return over the next 6-12 months.
It makes alot of sense when you have a deeper understanding about the bull run and It's ATH. I'd like to ask, what sort of altcoin gives you 50× return in 6-12 months?

I'd say, this may certainly not be the best time to buy, but you'll still run on profit.

Sandra, there are many altcoins that have done 50x return in less than 12 months.

My one is called Arcblock and I have another couple that are on there way to 50x return also in the next few months.

Bitcoin is great long term , until 2030 at least but I want to make money now in the next 12 months and I am not doing that buy buying Bitcoin.
16  Bitcoin / Bitcoin Discussion / Re: Converting altcoin profits into Bitcoin? on: June 05, 2024, 06:20:31 PM
Bitcoin is safe yes but I just don’t see point in cashing out now if I cash out now I can’t even buy one Bitcoin but if I cash out my altcoin profits in the peak of the bull run and then buy in the next bear market I might be able to buy 2 Bitcoin.
Each to their own, take note that there is no guarantee that the altcoins you are storing would pump at the 'peak' of the bull run and give you a lot of money, they could also dump, and you'll lose money. So many of us do not trust altcoins because they don't have utility like BTC does, but if you believe in what you are doing, then goodluck.

Just look at an altcoin called Arcblock - you probably haven’t heard of it if you’re not into Altcoins. I got in last year @ $0.11 average and it is now $4.05, it hit $4.76 a few weeks ago - it has given me over a 40x return in just over a year , you do not get that with Bitcoin.

I want to be in Bitcoin long term but I believe I can make more money with altcoins to then be able to buy more Bitcoin.



First bull run for me and I do not have any Bitcoin yet but do want some after this bull run to hold until 2030 at least.

Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.

You mentioned you yet to have bitcoin then I suggest you to start with bitcoin which is the unwritten rule to be successful crypto investors. Definitely taking the profits from altcoin and buying them for long term is good strategy but it's high risky cause only God knows how many altcoins exists now cause the numbers are skyrocketing so let's assume 10000 active projects now in the market so if you pick one then chance of making big money is 1:10000 but if you pick Bitcoin it's 1:1.

I’m sorry but this is rubbish and you are just purely against altcoins which is fine but so many of them make money. I have 20 altcoins and 16 of them I am in profit currently and we still have alt season to come in a few months when they go crazy.

I am currently holding altcoins that have given me over 20x returns in less than 18 months and one mentioned above that has given me over 40x return.

I am not against Bitcoin, like I said I want to hold a couple and sell around 2030 when it is hopefully around $500k that is my plan and to help me buy some bitcoin I am using altcoins.  
17  Bitcoin / Bitcoin Discussion / Re: Converting altcoin profits into Bitcoin? on: June 05, 2024, 04:37:54 PM

We are nowhere near the peak of this bull run so doesnt make sense to me to cash out my altcoins now when they can do another 10x or even 50x return over the next 6-12 months.

Personally I would say you should go for your conviction. Everyone here, including me will tell you to save play by buying bitcoin because it is the safest of all the coins. If you need to buy bitcoin there is no need to wait for a perfect time you start DCA from the day you have funds ready. But as it goes bitcoin will not give you 50x or even 10x highest in my perception right now is a 4x. The Altcoins will give you that and they may still dump with same volatility too. So the play is in your hands if you feel you can take the risk of losing them then gamble on with them. But a safer landing is always bitcoin because you’re not at the risk of it rug pulling like the Altcoins.

Bitcoin is safe yes but I just don’t see point in cashing out now if I cash out now I can’t even buy one Bitcoin but if I cash out my altcoin profits in the peak of the bull run and then buy in the next bear market I might be able to buy 2 Bitcoin.
18  Alternate cryptocurrencies / Altcoin Discussion / Re: Realistic expectations this bull run? on: June 05, 2024, 03:53:27 PM
Hi,

This is my first bull run and just wondering if the below expectations are likely for the current top 6 altcoins I am holding during the bull run peak later this year/ early next year?

I feel they are pretty fair predictions , i have heard many say they can all go higher but I will be happy with the below.

I have not experienced peak bull run euphoria before but I know it can go crazy but I also want to play it safe and guarantee profits so won't be greedy.

I just want to get an understanding and have realistic expectations.

Arcblock - $12 (my average price is $0.11)
Cronos - $0.90 (my average price is $0.08)
Quant - $900 (my average price is $101)
ICP - $90 (my average price is $5.69)
Jasmy - $0.25 (my average price is $0.01)
Hbar - $0.90 (my average price is $0.07)

You must be a dreamer, most of these projects on your list are Top coins with huge marketcap aldready, where do you think demand for these project will come from adn which money is going to use to pump them, it is very easy to pump a tokens that is $10 million to $500 million than to pump a token that is $100 million market cap to $1 billion. This is the reason why all these Memes are doing really well

Which of the above do you think I am dreaming on? All seem pretty reasonable to me.
We still have so much left of the bull run.
19  Alternate cryptocurrencies / Altcoin Discussion / Re: Realistic expectations this bull run? on: June 05, 2024, 03:35:36 PM
I think you chose good coins but your expectations are too high. I suggest you expect lower so that you would be able to take profit from your investment before another bear market.

What is your thinking behind that?

Arcblock to get to $12 is now only a 3x from current price.
Cronos reached $0.80 in 2021 so I think it will go past that and $0.90 is realistic.
Quant reached $400 in 2021 so again think it will go past that and $900 is possible, I have seen many say over $1.5k is possible.
ICP is getting a lot of hype lately with many saying it will go over $100.
Jasmy is one of the best performing altcoins lately , many saying it can hit $0.50 but $0.25 will do me.
Hbar reached $0.50 in 2021 so will likely go past that , maybe not $0.90 but it’s possible.

We still have plenty of time for things to really heat up this bull run and I think all my expectations for each are possible but I will see how the market is each month and take profit accordingly.

I calculated your average price the your expectation. I don't know if I'm getting you right. According to your post. You bracket the average price you bought each coins and your expections before the bracket. So Arcblock from 0.11 to 12 usd isnt 3x from your average price.

The current price of Arcblock is $4 so to get to $12 is only a 3x.

My average price however is $0.11 so if it does get to $12 that is over a 100x return.
20  Bitcoin / Bitcoin Discussion / Re: Converting altcoin profits into Bitcoin? on: June 05, 2024, 03:27:16 PM
Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

So you can wait from now till 2026 before investing on bitcoin, maybe before then all your assets on other altcoins could have vanished away on losses and you may not be left with any profit again to use in making bitcoin investment, why not do that now, take the profits and invest in bitcoin, we are still on the post halving market pump, which means if you can buy now, you have higher chances of making profits till we reach to a new all time high of above $100,000 and by the year 2026, you could have achieved what you're meant to started with already.


We are nowhere near the peak of this bull run so doesnt make sense to me to cash out my altcoins now when they can do another 10x or even 50x return over the next 6-12 months.
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