Sell all alts to buy more cheaper?

[harizen]

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 don't see that the upcoming BCG will likely have the same price when BCH arrived. The hype for those who want BCG is growing everyday resulting for more holders. Because of that, once BCG became available now for trades, expect only a short period and eventually it will crashed unlike in BCH that after such dump, it recovers due to some intentional hypes.

I don't have any strategy for the upcoming fork and will just do my usual way. And besides, most of my bitcoins are on Electrum so I will still get some portions of BCG.

[fiomcorka]

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.

Exactly there are some news coming that explaining the hard forks are coming ahead. Sure if it just comes true, everyone who have any altcoin could fell in loss factory and their dreams would be just broke. So better is to trade all your altcoins with bitcoins so that when the revival comes, bitcoin could stand more firm than altcoins and you will have profits only.

[eann014]

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.

Is that true? Because as I've know, there would be a split of the price. Depend on what will happen. It will double, or it will split. Which we all don't know exactly what will happen, so we need to be more observant.

[RenBct]

That works for me well especially this time because alts is bleeding and maybe a month before we ever see good progress,

[HatakeKakashi]

It depends to you if you want to sell your altcoins and invest to the bitcoin but we dont know what actually happen to the price of bitcoin after fork this month but I hope it will have good result. But if you can prevent selling altcoin its better because altcoins also gives you high profit . Because if the price of bitcoin increase they have altcoins or other altcoins for sure will increase also. Altcoin and bitcoin gives you more profit.

[PizzaBTC]

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.

Yes they are at reciprocal to one another. There is a dip in bitcoin and you will see the pump in altcoin price and vice versa. Actually altcoins don’t work better when we talk about the rehabilitation after a dip. As bitcoin just jump up after going down, altcoins don’t behave like it. But still it is quite better to sell altcoins to buy bitcoins.

[gabmen]

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.

Its not going to be doubled since there probably would be a split like what happened to bitcoin cash. If you have btc stored in a wallet that would support bitcoin gold, as what it's perceived to be, then you'll receive that equivalent to the amoubt of bitcoin you have stored.

[JunoCoin]

Looks like many people sell their altcoins for bitcoins and the price of the bitcoins go down. I think that after the hard fork the altcoins will recover.

[GoodLuck2]

That works for me well especially this time because alts is bleeding and maybe a month before we ever see good progress,

Selling altcoins if planning to buy them again in future is a good decision but I think, it will be much better to hold on to them. However, selling out any crypto coin in order to get bitcoin can prove to be beneficial for future. Bitcoin is rising up and people are talking about the November fork. Many are planning to buy bitcoin before that because everyone is expecting a large pump.

[haroldtee]

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 ?

You are a newbie, so it is normal to ask such questions. It is important you move your coin to a wallet you can control the private keys and claim your funds after the fork once the coast is clear. However, for a newbie, this might still be some hard task for you to do most especially when it involves your private key which security is very essential for it as you can miss all your funds if you keep it carelessly.

Nevertheless, some of the exchanges will let you know if they will be supporting the new chain, so obviously, they will give you the other chain once it forks. I dont know about kraken, but bittrex did that and some other exchanges during the last fork including some wallets as well. Just do your findings and see if it is possible, otherwise look for a better way to keep your wallet. All thesame, keeping your funds in a wallet that you can control your funds is very important. If you can download exodus or electrum, you should be fine as they are decentralized wallets and will guide you on how to claim your forked coin once it arrives.

[shohelalam]

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?

Yes Sir.. It's Good Strategy, now we see bitcoin price increasing day by day but in other site altcoin price drop day by day. because Next November the new bitcoin hardfrok  coming for that every on wants to more profit from here.

Every on sell altcoin and buy bitcoin to get bitcoin hardfrok.. After coming Hardfrok you can buy atlcoin more cheaper.


Thank you.

[Mysterious01]

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 am not sure if that will really works, yes bitcoin is in positive position that its price will surely increase.
But you can't make sure that altcoins will continue to drop its price so for me I think you should choose the best approach that you will not regret. Goodluck OP.

[groundcontrol67]

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 am not sure if that will really works, yes bitcoin is in positive position that its price will surely increase.
But you can't make sure that altcoins will continue to drop its price so for me I think you should choose the best approach that you will not regret. Goodluck OP.

The idea is correct but the difficulty is timing it appropriately. You need to ensure that you can buy your alts at a later date for a lower price, I could be wrong but I think they are nearing rock bottom now and will begin to recover.

[Mich77]

Well Im pretty sure its too late to sell your alts now...selling them now I consider very bad move

[Mpamaegbu]

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?

Of course this has always been a trading strategy in cryptocurrency but it may not really work out this time because of the after effect of the Bitcoin fork. Mark my word, the dumping of Bitcoin immediately after the fork will likely strengthen the altcoins and not weaken them. So, I advise you still keep your losing altcoins while you may sell off only those in profit.

[shekt4]

You selling your alt to buy cheaper doesnt necessarily mean you will win, if you are selling at a loss then first check the intensity of the loss if its something you can bear incase the price of alt later refuse to rise to compliment your loss. Thats only if you are sure the % rise of alts will be great to give you enough profit. Personally i dont recommend that but it can pay you well if you play your cards well. Cheers

[digitalgame4life]

What are my thoughts on this? it is the same mentality people have on this market, including myself, this is the very ugly problem when a single coin is the leader above all the great other coins, alts are highly undervalued since they have great projects and an even amazing team behind them trying to put something real into work ( I am only talking about the best altcoins), if a single coin is the leader the market is shit, the market is corrupt and is only profitable for people wanting more money and more power.

[Gameflip ICO]

Alts are down because of BTC. Once Bitcoin becomes stable alts will go up. Do not sell in loss.

[benere]

Buy low and sell high, not buy low and sell low. Dumping your alts while you're at a a loss is just silly imo, with all this new liquidity from bitcoin altcoins will get pumped soon. Just wait your turn .

[allthebitandbobs]

never a good idea to sell for a lost in my opinion .IF you think the altcoin are goods and have potential hold then .