Sell all alts to buy more cheaper?

[jmigdlc99]

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?

[jeraldskie11]

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.

[pooya87]

~ I am considering selling all my altcoins, even at a loss, ~

you ARE at a loss! no matter which altcon you had invested in, and no matter at which price you bought them, all of them have been falling for the past coupe of days meaning you lost quite a bit of profit and we are talking about big drops of 10%-20% each day and even as big as half the price going up in flames not just small 1-2% drops.

which means you should have sold, no matter what the future plans of you are.

[Weawant]

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?

WoaH! thats a bad idea for selling your coins at the cheapest price since you would lose your capital on it and you cannot assure that you can even earn with Bitcoin Gold and maybe the best thing to do is to hold that alts for a while and try to seek for a capital to stake with btc for the upcoming fork so you wouldn't feel sorry by the time your alts will outrage and pump more harder.

[Ignacia]

Yes, i agree, its a good strategy. There is a very high probability, that alts will continue to fall

[Wind_FURY]

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.

[fedor3327]

There is only one problem with this strategy. That is everybody has the same strategy. What does this mean?

1. Bitcoin price will become overvalued and ALT's under valued.
2. As soon as Bitcoin gold is released there will be a rush on the ALT's again.

Will Bitcoin Gold be as valuable as everyone is speculating?

Everybody is following the same strategy however.

A clever strategy maybe to buy up all the really undervalued ALT's by selling your over-valued bitcoin.

Just a thought.

[koumpesbtc]

It  is too late to do something like that now. Better hold on your investments in alt coins, because i think that this downhill in alt coin prices will stop. After the fork, yes btc price will rise, but after a while most of the alt coins will rise too. Bitcoin whales will be with great monetary power in their hands and be sure that they will use it. I mean that having assets in BTC will make somebody able to buy after the fork a lot of some alt coin, more than he can do now. So, be sure to expect more pump and dumps, more price fluctuation,and possibly higher prices in alt coins.

[coinmarkets]

Alts have dropped too much to think about doing this now. You probably have to ride the wave with what you have.

[okala]

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?

This is a very good idea you have and I have been thinking along this ways since last night and this your thoughts confirm what I was thinking. Bitcoin will keep on raising and after sigwith2x we would have altcoins been pumping again as those that will like to take profit will likely convert there bitcoin to altcoins

[coinjack1337]

It depends on your diversity.

Considering Bitcoin Gold will have similar price like Bitcoin Cash - so about 10% of Bitcoin's value - your Profit from Bitcoin Gold will be 10% if you sold all your alts. Since most alts are down more than 10% right now, you will probably be at loss. Also, don't Forget that the alts will rise again after fork, so to my mind now is the best time to buy alts, not BTC.

Also, i don't think that Bitcoin Gold will get much Reputation nor Support by the exchanges.

[Blamsud]

It depends on your diversity.

Considering Bitcoin Gold will have similar price like Bitcoin Cash - so about 10% of Bitcoin's value - your Profit from Bitcoin Gold will be 10% if you sold all your alts. Since most alts are down more than 10% right now, you will probably be at loss. Also, don't Forget that the alts will rise again after fork, so to my mind now is the best time to buy alts, not BTC.

Also, i don't think that Bitcoin Gold will get much Reputation nor Support by the exchanges.

When you believe that coin still have a potential to recover then better hold to it. It's veey much possible that alts can recover as long as the project is still in development process.

[Renai0925]

 

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 have cut your losses at 5% it would have been a sound strategy. Cut losses then buy at bottom price. But if you were still contemplating by the time you posted this its already too late. It seems to have stopped falling for now but who knows. Just hold.  at least if bitcoin gold turns out to be shitcoins it's a good thing you diversified.

[futurebitcoins]

Yes, i agree, its a good strategy. There is a very high probability, that alts will continue to fall

But no one can tell you what the bottom price so it is not good to sell all instead you can buy more when prices go down to average down your prices.

[gameK]

Just don't miss your opportunities on other altcoins. BitcoinGold can be bought so why you have to sell all your altcoins into Bitcoin to just receive some BitcoinGold when you're loss at altcoins. In my opinion it's not a good stragedy at all. Just gather at much Bitcoin as you can. Don't sell your altcoins.

[nydiacaskey01]

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?

No. That's not a good idea. If you bought $100 worth of NEO and sell at below Buy price and you get $70 worth of BTC. You lost 30%. Since you are now holding BTC, you need BTC to climb up to 50% (50% of $70 = $35). At today's BTC rate, which is example $4,800, that means BTC needs to reach $7,200 so that you gain back that $105. Math gurus out there, please correct me if my computation is wrong.

[Pursuer]

since altcoins are going down, I think it is pretty obvious that you should have sold your coins and kept out of the altcoin market until the prices reach the bottom and start showing any signs of recovery before you re-enter the market.

also this is not because of the upcoming fork(s) though. it is a general suggestion that you always sell before the altcoin dumps start. right now the altcoin dump is intensified only because of bitcoin price rising. if there were no rise in bitcoin price, the dumps in altcoins still would have happened but they may have been smaller then.

[Idrisu]

Now is the best time to buy bitcoin as the buying momentum is very high. Many traders are converting there altcoins currently because of the fort coming hardfork issue. Though bitcoin gold is not as popular as when we have the last splitting. I will advise you to be ready to buy more altcoins in days to come as fund will flow back to altcoins markets. This is the circle of this market, we should also expect bitcoin to cross $5000 before the end of this week as the market is now in it favor.

[ignorans]

Buying bitcoins with this heavy rising is not a good idea in my opinion. Are you sure that Btc gold's value will be enough to cover what you are spending at the moment? Don't think so. Just my opinion of course

[Bolt Brownie]

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 think that's what the majority of people are doing. They are selling their alts to buy more bitcoin and get more bgold. During the ride they are also benefiting from rise in the price of bitcoin itself, so I think it's always a win for them, even if the bgold comes out with no real value. When bgold comes out, they will probably just sell it, and start buyin back some of their favorite alts again, or just more BTC, if it continues to rise.