Is it a good time to sell ETH and buy BTC?

[rickadone]

ETH is strong don't sell strong coin, sell shit coin and hold both btc and eth, i would keep your ETH for now, it won't fall much until it get pumped again after this 1 august drama ends

actually for now that everyone is dumping i would hold everything, and i'll wait for the next pump before doing my move

Seems a right suggestion still after ethereum networks' clog in recent times many developers are suspecting about its scalablity to support rapidly growing smart contracts. Also ethereum plans for adopting hybrid consensus of both pos and pow. Other than auguest 1st drama, etheretum has its own reasons for its recent downfall. We must consider them before deciding to continue holding them.

[AK47-]

Why don't you wait until August 1? If BTC is destroyed as a result of the chain split, then there is a strong chance that some altcoin will take its place. And that altcoin can be ETH, LTC or XRP.

Why do you guys keep talking about this so called split that would leave us with two different bitcoins? That's not what is going to happen on August 1st. Either way btc will never be destroyed where an alt would take it's place. Not in our lifetime at least.

Chain split is indeed a possible outcome in worst case scenario. You can't just deny that. The problem is that the UASF does not seem to have much community support. This would likely lead to a chain split. It is certainly a possibility that there will not be a Bitcoin chain split in the end. But preparing for the worst is never a bad idea. But these plenty of speculation regarding the fork could very well result in drop of Bitcoin price.

However, any altcoin will never take bitcoin place. They might be a short term substitution till the events unfold. But at the end Bitcoin will come back to its initial position.

[nydiacaskey01]

If you have enough money you can have both as both are good to invest or buy right now since both BTC and ETH dropped specially ETH which dropped significantly. One good thing about ETH is its being used now join ICO's. There are speculations out there that ETH will reach $1,000 USD, its still a long way to go but its a possible.

[michellee]

At the moment my portfolio is about 90% ETH and 10% of various altcoins (no BTC). I would like to diversify by swapping about half of my ETH for BTC. Is it a good time to do so with ETH rallying and BTC being more or less stable?

Basically, what I'm really wondering is:
- Will BTC crash at the end of the month due to the uncertainty around the fork(s)?
- Is BTC likely to split into two viable chains, thus giving coins on both chains to those who owned BTC beforehand?

I'm not fully up-to-date on the latest bitcoin developments so I'd be happy to get some insight.

Thanks

i don't think that is the right time to sell your ETH because until now, the price is around 0.08 btc and if you bought in high price, you need to wait more. but if you bought in lower price, i think you can sell right now and make a nice profit and you can have bitcoin. maybe BTC will crash at the end of this month but we don't expecting crash into deep.

[JL421]

You sure i don't trade with ethereum but it is the most volume on every exchange and price was some 0.07 i guess and today was at 0.09 so this indicates that price is rising so why would you want to sell and ethereum was 0.15 at a time this would be a bad idea

[killerfrost]

At the moment my portfolio is about 90% ETH and 10% of various altcoins (no BTC). I would like to diversify by swapping about half of my ETH for BTC. Is it a good time to do so with ETH rallying and BTC being more or less stable?

Basically, what I'm really wondering is:
- Will BTC crash at the end of the month due to the uncertainty around the fork(s)?
- Is BTC likely to split into two viable chains, thus giving coins on both chains to those who owned BTC beforehand?

I'm not fully up-to-date on the latest bitcoin developments so I'd be happy to get some insight.

Thanks

although it is always good to trade bitcoin, because coin has a lot of potential and it will give you profit  at any time, but currency if you are feeling reluctant then you should wait tel 1st August and after that you should invest your money in bitcoin.

This is a difficult thing to predict. In fact, I see that ETH is higher than BTC. If you want to be safe from ETH price collapse you can sell and invest in bitcoin or you want to make a profit at the present time to sell ETH to make a profit. If I hold some ETH then I will sell to have some extra money. I am in need of money so I just have to say what I will sell.

[Hhampuz]

Why don't you wait until August 1? If BTC is destroyed as a result of the chain split, then there is a strong chance that some altcoin will take its place. And that altcoin can be ETH, LTC or XRP.

Why do you guys keep talking about this so called split that would leave us with two different bitcoins? That's not what is going to happen on August 1st. Either way btc will never be destroyed where an alt would take it's place. Not in our lifetime at least.

Chain split is indeed a possible outcome in worst case scenario. You can't just deny that. The problem is that the UASF does not seem to have much community support. This would likely lead to a chain split. It is certainly a possibility that there will not be a Bitcoin chain split in the end. But preparing for the worst is never a bad idea. But these plenty of speculation regarding the fork could very well result in drop of Bitcoin price.

However, any altcoin will never take bitcoin place. They might be a short term substitution till the events unfold. But at the end Bitcoin will come back to its initial position.

Of course a chain split could happen, anything could, but it is not very likely. I can't see that it would be in anyone's best interest to do that. Except for Roger ver perhaps but he is a one off, lol.

As for the alts, glad we are on the same page. Not sure what kind of delusion is needed to actually believe it'll happen.

[Hhampuz]

I think that if Segwit activates successfully BTC will increase its dominance again drastically and the altcoins will suffer badly. I think we'll just get the reverse of what we had over the last six months as altcoins increased so much because BTC was stagnating and so people diversified.

And if Segwit fails on Aug 1st BTC will drop but the alts will drop much much more because to cash out alts you need to sell to BTC and then sell the BTC to fiat.

So a this time I'm only holding BTC because IMHO it will hold up itself best whatever happens on August 1st.

Just my 2 cents...

Excuse me, last 6 months btc was stagnating? Not sure if we are living on the same planet, lol.

As for Segwit activation, I think btc will come out stronger but that does not have to be at cost of alts. Both can increase together.

LOL you are correct BTC progressed nicely but much less than the alts so my mind was a bit clouded and that's why BTC's progressed seemed "insignificant"  

I get what you are saying but you also have to take in to consideration that you can't always go off of % increase. Any coin that costs a couple of cents now can be pumped up to a few dollars and have thousands of % increase. That's not really a fair point to make at that. Btc increased almost 250%, at that price it's much more difficult to see that kind of increase.

[LFC_Bitcoin]

I think you are too highly invested in ETH (OP). It would be wise for you to diversify your crypto wealth & become more heavily invested in bitcoin.

If I was you I'd go 60% bitcoin, 40% ETH.

[machinek20]

It is hard to tell for now, the future of bitcoin after segwit is still unsure, but it is a good idea to split your eth into bitcoin, I believe bitcoin will be more valuable than eth in the future and bitcoin value wont decrease so easily

[Hhampuz]

It is hard to tell for now, the future of bitcoin after segwit is still unsure, but it is a good idea to split your eth into bitcoin, I believe bitcoin will be more valuable than eth in the future and bitcoin value wont decrease so easily

You believe that bitcoin will be more valuable than eth in the future? Lol. We've been there forever already and eth will never be able to touch btc, I'd bet on that if I were a gambling man.

[Hhampuz]

I think you are too highly invested in ETH (OP). It would be wise for you to diversify your crypto wealth & become more heavily invested in bitcoin.

If I was you I'd go 60% bitcoin, 40% ETH.

I love it when you diversify and get a wide portfolio but honestly, 60/40 with btc/eth may very well be the worst investment advice I've seen here on bct. Cool if you run like that but I'd barely even call that a portfolio, not diversified by any means either

[bering]

to avoid unpredictable results regarding august 1 i think keep 90% your ETH is more safe now and for those who don't dare holding bitcoin untill end of this month indeed move their funds to altcoins could be wise acts but holding altcoins also isn't that safe especially major atcoins currently dropped too but rather than wait unsure situations for hardfork i personally more prefer hold ETH or buying another altcoins

[BurstIncomeAsset]

Either go all in Bitcoin or sell everything and move it to bank if you can. If btc falls, alts will fall more, so it is not a good idea to try to hedge against btc falls going to altcoins. Well, at least it is a risky idea.

If you hold Bitcoin you may get some free alt if there is a fork

[jtipt]

I have never really believed in ETH so I would had advised you to sell ETH when you had the chance to sell it for $350+ but well it's not too late if you are still profiting from selling now then do it. But there are also some people who believe that ETH may cross $500 soon, so its all up to you what you think will happen. If you want to play safe go with BTC. I am thinking that once BTC is back to its glory, hopefully after segwit, ETH might suffer a larger dump.

[xIIImaL]

Either go all in Bitcoin or sell everything and move it to bank if you can. If btc falls, alts will fall more, so it is not a good idea to try to hedge against btc falls going to altcoins. Well, at least it is a risky idea.

If you hold Bitcoin you may get some free alt if there is a fork

But recent days condition is not like that alts like ethereum, litecoin, dash and Dodge seems to settle on their own price. Growth of alts is better than bitcoin from this February onwards. I see the even bitcoin is moving upwards from yesterday. What so ever happen bitcoin will be always top.

[northstarh]

ETH is strong don't sell strong coin, sell shit coin and hold both btc and eth, i would keep your ETH for now, it won't fall much until it get pumped again after this 1 august drama ends

actually for now that everyone is dumping i would hold everything, and i'll wait for the next pump before doing my move

Yes, ETH is really powerful, it is even more powerful than LTC, however, if you want to compare it and bitcoin, I assert that it is not strong enough to beat bitcoin, it is still a young coin late.

[Torque]

I disagree about ETH.

I believe that ETH will eventually get back into the double or even single digits before it's all over, so if I were the OP I would get out of ETH asap.

Run for the hills and buy some bitcoin!

[lite]

Just a thought, wow about moving to USDT if one is afraid of a crash?

Stay away from USDT, before you buy USDT read their tos.

ETH dump has just begun, i've read on reddit that EOS is dumping ETH for fiat. what would happen if other ICOs start unloading ETH? the price will go down significantly!

[killerfrost]

At the moment my portfolio is about 90% ETH and 10% of various altcoins (no BTC). I would like to diversify by swapping about half of my ETH for BTC. Is it a good time to do so with ETH rallying and BTC being more or less stable?

Basically, what I'm really wondering is:
- Will BTC crash at the end of the month due to the uncertainty around the fork(s)?
- Is BTC likely to split into two viable chains, thus giving coins on both chains to those who owned BTC beforehand?

I'm not fully up-to-date on the latest bitcoin developments so I'd be happy to get some insight.

Thanks

It is a wise decision when Bitcoin prices are down, you can stock Bitcoin and wait for it to increase. Besides, I'm still worried that Bitcoin will crash but there are no concrete evidences of what will happen now.