Sell all alts to buy more cheaper?

[ethereumhunter]

With the upcoming bitcoin fork and the so called "dividend" that will be received thru bitcoin gold the price of BTC is on the rise. I am considering selling all my altcoins, even at a loss, so that i can buy more of them once bitcoin's price rises up higher.

What are your thoughts on this? Would this be a good strategy?

with the bitcoin price is increase, altcoin will be down but for me, i don't think that to sell all alts could be a solution because our bitcoin is reduce too much and although if we sell our btc we can make profit too. but still for me, i don't sell all my alts but if i see some of my altcoin can give me a profit even for small profit, i think i will sell it so i can hold btc and waiting the high price again. i think when the altcoin is down, we can buy it again and still waiting the price is up again and gladly i can buy at low price for almost all of my coins so if i sell it now, i still can make profit 

[Natsuu]

With the upcoming bitcoin fork and the so called "dividend" that will be received thru bitcoin gold the price of BTC is on the rise. I am considering selling all my altcoins, even at a loss, so that i can buy more of them once bitcoin's price rises up higher.

What are your thoughts on this? Would this be a good strategy?

Are you sure the price of your altcoins are not on the bottom? If they are it would be better for you to keep holding them. You should have thought about this a month ago when the prices were not that bad.

I would agree to this. You want to sell your alts now then buy back again? I don't think it's a good idea, I suggest don't touch your coins and stay it on your wallet. You could just lose profit if you sell then buy back, and there's a small chance of getting good price again. Don't risk your alts just because you want to ride the waves.

[choirunn]

you should not need to sell your altcoin, if you sell it you will get a loss, you just hold your coin course price will back up, so my strategy is only hold until the price back up.

[Sithara007]

It would be a good idea to sell the alts now. Look at the alt market caps. There are a total of 11 alts with a market cap of over $1 billion. And another 47 with a market cap of over $100 million. I don't think that there is anything to justify this inflated market caps. They are not accepted as currency anywhere and they don't have a large number of users.

[lilRoy07]

with great gain comes great loss.

I often sell to buy back, but the margin of profit doesn't always workout in my favour.

ive been stung 1-2 times on a fast moving ship.

[pawanjain]

That's a well known good strategy brother. Don't worry about the others who say its a loss. They probably don't know how trading works.
If You believe that the coin you invested in has a good potential and it will fall further to rise back later then it's probably the best thing to sell it now to buy back at a cheaper price. To be logical even that's considered as a profit. But be careful as to which coin you are investing in because if it doesn't have the potential to rise up then you are doomed.

[Siren]

With the upcoming bitcoin fork and the so called "dividend" that will be received thru bitcoin gold the price of BTC is on the rise. I am considering selling all my altcoins, even at a loss, so that i can buy more of them once bitcoin's price rises up higher.

What are your thoughts on this? Would this be a good strategy?

If you really want to get a lot of free bitcoin gold then you should sold your altcoin right away and moved to bitcoin. Bitcoin suddenly on a slid today, so its a good entry point. And since you are on the negative side, much better to exit the altcoin section while you can, otherwise you will be really trap and soon will just sell to covered all your losses. So I would advise you to go out of altcoins then transfer all of it into bitcoin, get your free bitcoin then decide whether you want to invest it to altcoin or just stick to the reliable bitcoin market.

[tranle789]

I think if you want to do this then you have to know the market analysis and be predictable at altcoin up and  altcoin down, this is really hard because all altcoin now depends a lot on the Bitcoin price

[Prettyme]

I think it is a good way to do. When you are starting in trading you should do this in order for you to make more coins to be trade. So buy altcoins sell it and buy again more cheaper altcoins then sell it again. Thats how trading work.

[TheUltraElite]

With the upcoming bitcoin fork and the so called "dividend" that will be received thru bitcoin gold the price of BTC is on the rise. I am considering selling all my altcoins, even at a loss, so that i can buy more of them once bitcoin's price rises up higher.

What are your thoughts on this? Would this be a good strategy?

I would not support your idea. I know that this is the current thing going on in the market and that some youtube pump and dump groups are doing this. I am not going to name anyone here but my suggestion in trading is to do the unexpected and ride the opposite wave. Once the fork in complete people are going to dump all the new altcoin from bitcoin along with buying of the altcoins that they had sold away for bitcoin.

Hence there will be a rise in the price of altcoins after the fork. This is the moment that the whales will sell some altcoins and make profits. If you are sensible then I suggest you not to sell all your altcoins but to sell them after the pump happens after the fork.

[bitcub]

You are doing it right. Holding is stupidity. Look I bought Siacoin at 600 sats now its 100 or in 90 sats? They said Hold, but look I lose 500%
Rule of the thumb, if theres an upcoming price rally for BTC. Sell all your alts, and expect a huge dumps everyday.

 Once Bitcoin reached the top, sell all your BTC to USDT. Or you can play swing trading with alts.

With the upcoming bitcoin fork and the so called "dividend" that will be received thru bitcoin gold the price of BTC is on the rise. I am considering selling all my altcoins, even at a loss, so that i can buy more of them once bitcoin's price rises up higher.

What are your thoughts on this? Would this be a good strategy?

[Bolt Brownie]

You are doing it right. Holding is stupidity. Look I bought Siacoin at 600 sats now its 100 or in 90 sats? They said Hold, but look I lose 500%
Rule of the thumb, if theres an upcoming price rally for BTC. Sell all your alts, and expect a huge dumps everyday.

 Once Bitcoin reached the top, sell all your BTC to USDT. Or you can play swing trading with alts.

With the upcoming bitcoin fork and the so called "dividend" that will be received thru bitcoin gold the price of BTC is on the rise. I am considering selling all my altcoins, even at a loss, so that i can buy more of them once bitcoin's price rises up higher.

What are your thoughts on this? Would this be a good strategy?

when people normally say hold, they refer it to holding bitcoin, and not alts, or at least no the shitty ones that their only purpose is to get pumped and dumped. If you go after those coins, then I say trade them to the best of your ability because that's why they are here for. When it comes to bitcoin, I think its completely different, or it should be if you see bitcoin as a future decentralized currency. Is you just see it as a trading asset, and as a way of getting profit, then go ahead and buy and sell.
I want to use bitcoin as an decentralized global currency, and for that I want stability in it's price, and that's why I prefer to buy and hold. But again, I only say that for bitcoin, and not other coins.

[Akash1243]

If you are going to sell all your alts now than you are most likely to sell them at a loss as their prices are down and then even if you bought bitcoins which are at $4800 which is high, just to get more free Bitcoin gold after the fork or so called dividend then you better pray that bitcoins price increase like anything to cover up your loss.so I think that it's better to wait and watch.I think it's too risky.

[eternalgloom]

I've sold most of mine earlier already, but I don't think that it's too late to start selling them now.
Especially with the upcoming fork, people will be looking to sell their altcoins for Bitcoin to get their free Bitcoin Gold.

There are a few exceptions for me though, I'm still holding on to my Ripple for example.

[Kurokyy]

With the upcoming bitcoin fork and the so called "dividend" that will be received thru bitcoin gold the price of BTC is on the rise. I am considering selling all my altcoins, even at a loss, so that i can buy more of them once bitcoin's price rises up higher.

What are your thoughts on this? Would this be a good strategy?

check the market price first of alts if its in below their peak price. Im thinking the same thing because this time fork will give a big impact to the crypto nation. Buying bitcoin today will give you a free bitcoin gold after fork. That will be a nice profit if ever.

[BTCANAN]

SOrry for asking this newbie question.

If i am buying some bitcoins, how do i get those BTC gold ?
Do i have to keep those BTC on a specific wallet or kraken ?

[MMysterious]

I'm not sure it would be a great idea because if your altcoins now are on the lowest and selling them would mean you will buy them again once you've profited from the split you also can't be too sure if the altcoins price you'll buy in will be the same price as it is now. I would prefer holding on to those altcoins for a couple more years and if you have a spare amount of money then invest in Bitcoin because eventually you'll get a free coin after the fork.

[bitcub]

I do swing trading, and I do not have loyalty to a certain coin. I would surely dump BTC when it reached the top, while holding the USDT. I would keep an eye with the price flow, waiting for the right moment to REBUY the BTC at the dip. This time for a greater number of BTC.

You are doing it right. Holding is stupidity. Look I bought Siacoin at 600 sats now its 100 or in 90 sats? They said Hold, but look I lose 500%
Rule of the thumb, if theres an upcoming price rally for BTC. Sell all your alts, and expect a huge dumps everyday.

 Once Bitcoin reached the top, sell all your BTC to USDT. Or you can play swing trading with alts.

With the upcoming bitcoin fork and the so called "dividend" that will be received thru bitcoin gold the price of BTC is on the rise. I am considering selling all my altcoins, even at a loss, so that i can buy more of them once bitcoin's price rises up '

What are your thoughts on this? Would this be a good strategy?

when people normally say hold, they refer it to holding bitcoin, and not alts, or at least no the shitty ones that their only purpose is to get pumped and dumped. If you go after those coins, then I say trade them to the best of your ability because that's why they are here for. When it comes to bitcoin, I think its completely different, or it should be if you see bitcoin as a future decentralized currency. Is you just see it as a trading asset, and as a way of getting profit, then go ahead and buy and sell.
I want to use bitcoin as an decentralized global currency, and for that I want stability in it's price, and that's why I prefer to buy and hold. But again, I only say that for bitcoin, and not other coins.

[SirLancelot]

With the upcoming bitcoin fork and the so called "dividend" that will be received thru bitcoin gold the price of BTC is on the rise. I am considering selling all my altcoins, even at a loss, so that i can buy more of them once bitcoin's price rises up higher.

What are your thoughts on this? Would this be a good strategy?

That was a good idea sir, we should sell all alts now because there is a coming fork. As I read in the news, if we have a bitcoin it will be doubled after the hardfork.

There are so many good news for the ones who are having bitcoin in the coming November. So it is very good option to buy not only your altcoins but other coins as well and buy as many bitcoins as you can for having a very good profit by the end of 2017. There are very much chances that the market price of bitcoin will reach to its maximum limit by the end of this year.

[hiVe]

because segwit I think people will sell altcoin to buy bitcoin. so price will fall down