Sell all alts to buy more cheaper?

[thisappointed]

Selling altcoins now to buy cheaper is the same in selling low buy lower. That is one of my strategy in trading that helps me a lot because when i saw that the market is going into a bearish market then i am already preparing for selling my altcoins and just waiting for the price of altcoins to go even lower so i can buy at a cheaper rate and get more quantities.

[viralz]

That s a good idea.
Sell all BTC, start to get in.

I think Altcoin ll jump too, not quite sure to start to buy it.
All time highest ll be made by every coins probably.

[setupbounds]

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.

But if someone sells out his altcoins for just two weeks before the November fork, then this deal should work fine. Also, if not all then selling out at least half amount of altcoins for the sake of bitcoin would not be a bad move. Unlike you, I have full trust in the potential of bitcoin and by watching its past survival plus the present performance, we can say that every dump is basically a symbol of big pump.

[Nerman]

It's not a good idea to sell altcoins right now due to the prices are dropping. If i were on your shoes I will just hold my coins and if i have extra cash in hand i would buy more altcoins. I am pretty sure that after the fork altcoins will recover and there will be a pullback in bitcoins price. As of the moment we are not sure how much Bitcoin gold is.

This is actually what i am doing. It is still your decision and still your strategy how you could earn more profit.

[BobBct]

Many people does that because of it dumping so much and BTC have an very bullish chart which can be great for people but actually alts loosing price but ETH and XRP are going to rise if BTC dump.

[daKotajayl@12]

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 it is not good idea because bit coin and alt coin has more demand present. so you just keep hold it otherwise you need to face more problems. so my suggestion is keep bit coin and alt coins with you don't sell it is. in the future it has more booming. not only bit coin present alt coins also has good demand so you just try to keep it hold.seriously in the future it's price may goes increase.

[solarion]

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.

But if someone sells out his altcoins for just two weeks before the November fork, then this deal should work fine. Also, if not all then selling out at least half amount of altcoins for the sake of bitcoin would not be a bad move. Unlike you, I have full trust in the potential of bitcoin and by watching its past survival plus the present performance, we can say that every dump is basically a symbol of big pump.

As bitcoin even altcoins are also bumps up all the time along with bitcoin whenever bitcoin raises, there are many coins in altcoins list still there are many people investing into ICO token sale purchases and buying top altcoins.  Last time in August 1st we all trolls the bitcoin price dump in the time it happened but now we all supporting bitcoin. Block size may not increases like last time. Please be careful in the time next hard fork like last time.

[tobs]

It's not a good idea to sell altcoins right now due to the prices are dropping. If i were on your shoes I will just hold my coins and if i have extra cash in hand i would buy more altcoins. I am pretty sure that after the fork altcoins will recover and there will be a pullback in bitcoins price. As of the moment we are not sure how much Bitcoin gold is.

This is actually what i am doing. It is still your decision and still your strategy how you could earn more profit.

I think it depends on what profits in alts a person had already made. I mean if you bought it at $1, it raised to $5 and now dropped to $3, you can sell it all and you don't lose anything, you may only regret that if you had sold it couple of days earlier you would get more, but it's still more then you had invested so it's good for you. Then you go all in for bitcoin, then sell both bitcoin and the fork and buy your altcoin probably for $4, but with a lot of people dumping bitcoin you can expect it to get to $6 so you are still profiting. Quite risky, but I think the situation in that case is predictable enough to know that now the altcoins are low, but they will skyrocket after the fork and bitcoin will be dumped at least to some extend.

[francesyrus]

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?

Is that a good strategy? If I sell my altcoins today I'll be losing about 0.006 btc on my investment it could be a big loss for me because I have small investment on trading. But if I can recover on your idea I will gamble on it.

[dilshanfernando]

I think that selling all the altcoins is good at this moment because the btc  hardfork will be on 25th.

[nasipadang]

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 it's a good strategy, but there's no guarantee that the price of altcoins will fall lower when the bitcoin price is high, if you want to take that risk your profits may be great.

[FrankNoland]

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's a very bad strategy, I think you should reconsider it, its never a good idea to sell at loss. You are not even aware how much will bitcoin gold be worth. If you decide to sell now, how to do you intend to recover all the loss. I would advice you to hold onto your altcoins and wait for their values to recover and then you will sell.

[riderinred]

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 it's a good strategy, but there's no guarantee that the price of altcoins will fall lower when the bitcoin price is high, if you want to take that risk your profits may be great.

I agree with your post.
Though one has to keep in mind that the risk of selling at a loss is bigger than hodling or swing trading. (Given that the coin is not shitcoin and so does not die)

Sold some alts myself, to get more when they stop their downtrend.

[BitcoinMarshal]

I think that selling all the altcoins is good at this moment because the btc  hardfork will be on 25th.

Its never been good idea to sell all altcoins for only purpose of hardfork keep them because they can give you some better return of investment because they are going to bounce back in near future its just matter of time don't do panic sell and bring yourself in big profit

[n691309]

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?

The ball is in your court but at this stage, I feel it is too late already for anyone holding their alts right now. The time to sell them have passed and if you are selling now, you are absolutely selling for a huge loss. Unless you know that you are holding some shitty coins with very low chances of recovering quickly after the fork, then I would not suggest you sell them.

They would be bought back and you will still have you win and still get the little share of the BCG from the BTC you are holding. However, like I said, the choice is all yours.

[Zadicar]

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?

Regarding on this kind of trade habit i would say it would be a bad idea because potential profits would be only breakeven on the amount you did lose on selling those alts too early.I would rather hold up and if i do have the money i would even more buy cheaper altcoins because if the fork event would be over for sure people would really go back on alts.

[justdimin]

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

That is where the whole decision should be based on right now. No one knows what the BCG value will be once it arrives and it might be terribly little compared to the loss so many people will end up having if they sell their alts at this time now when the dump has been huge for days. However, no one will ever know so to be on the safer side, I feel holding at this stage is just the best decision to make. At this rate though, it is still uncertain how far the alts will keep going down but to me this would only be a lesson to learn.

[Landagert]

I think that selling all the altcoins is good at this moment because the btc  hardfork will be on 25th.

Its never been good idea to sell all altcoins for only purpose of hardfork keep them because they can give you some better return of investment because they are going to bounce back in near future its just matter of time don't do panic sell and bring yourself in big profit

Most of Altcoin when it goes down it will bounce back upward eventually, even though it will most likely takes some days

[arpon11]

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?

It is a very good strategy and I do believe that most of the big traders are currently doing this. Most of the altcoins are currently about half discount and this creates a very big opportunities to get them at a very cheap prices. I have been trading them for a very long time and I  think bitcoin has given them a lot of gap and buying them after bitcoin is at over bought will make you a lot of profits than expected. Ethereum is now picking up little by little as traders who bought bitcoin cheap has started taking profits.

[eann014]

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.

Bitcoin price is not going down, it actually has a good amount right now, and it rises and continues to rise, so I think it is not a bad idea to sell altcoins to bitcoins. Bitcoin is also a good investment and it has a good future since we are just expected $5000 this Month and it just boost into $5600 price. So I guess it will also reach $6000 by this year. So let us hope and just be patient even hard fork will come. For sure it will still recover after the hard fork.