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Author Topic: Swap bitcoin to alts  (Read 1087 times)
Domenc
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November 27, 2017, 01:58:20 PM
 #21

Swapping Bitcoin to alts is highly unrealistic approach at the current scenario; wait until you expect a major drop and when alts are completely bleeding to lowest value. When Bitcoin is rising with a growth of 1000 USD per day, it is not profitable to trade Bitcoin for any other coin. The price is highly unpredictable at current stage, where 10k was estimated near Christmas it seems, that for Bitcoin user Christmas has already arrived early. All speculations about price are failing and at such stage investing alt can be highly risky.

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November 27, 2017, 02:05:36 PM
 #22

swap all of your altcoin to bitcoin is good and hold them much longer will get good profit but increasing price not only dominated by bitcoin only and there was several altcoin too already rise up such as ETH or even Doge and bitcoin cash also good to consider as your trading options and for me i just following the trend and still concerned to bitcoin and altcoins


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November 27, 2017, 02:06:29 PM
 #23

The price of bitcoins has been rising today, and if the price stabilizes then it must be altcoin's turn to rise, so a few more than the rise.

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November 27, 2017, 02:10:09 PM
 #24


Bitcoin rally  today is huge and it must end at some point.

Now I want to swap part of bitcoins into alts with only one goal  - to gain bitcoin value. What do you think? What alts will raise in bitcoin price in next days if bitcoin begin to fall in dollar value?

If you look carefully alts are also rising recently, some of them with much larger gains than bitcoin, so although what you are saying is common, is not what is happening right now. If you look to coinmarketcap, almost every coin is on green, and this has been happening for the last 2 or 3 days. Given this, I don't really know in what alt you should try to invest because we might see a correction on every coin, and not just bitcoin. I wouldn't do anything right now if I were you.

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November 27, 2017, 02:37:33 PM
 #25

Never swap Bitcoin. HODL!

if you have more Bitcoin and want to invest in an Altcoin, then take a small portion and invest that in Ethereum.
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November 27, 2017, 03:13:24 PM
 #26

Thanks for the opinions!

I made a small swap yesterday for ETC, BHC and ETH and now I quit those trades. I've managed to make some profit in Bitcoin mainly because of ETC price increase in past ours.

I must admit - it is risky but adrenaline is adrenaline Smiley

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November 27, 2017, 03:14:57 PM
 #27

Theres no one can tell unless there is posted fundamentals you will know what coin will pump,technical analysis for me is applicable for a short time.

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November 27, 2017, 03:16:44 PM
 #28


Bitcoin rally  today is huge and it must end at some point.

Now I want to swap part of bitcoins into alts with only one goal  - to gain bitcoin value. What do you think? What alts will raise in bitcoin price in next days if bitcoin begin to fall in dollar value?

I am not sure it is a good idea. First you should be sure that rally is over. Because as soon as that rally continues, altcoin prices will not be able to raise. Whenever bitcoin price is enough for the whales they wll start to exchange to altcoins so altcoins will go to bullish trend.

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November 27, 2017, 03:19:06 PM
 #29

I still not see any proof that bitcoin will stop increase price. Still very bullish when buying altcoin for now.

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November 27, 2017, 04:46:05 PM
 #30


Bitcoin rally  today is huge and it must end at some point.

Now I want to swap part of bitcoins into alts with only one goal  - to gain bitcoin value. What do you think? What alts will raise in bitcoin price in next days if bitcoin begin to fall in dollar value?

"The rally has to end" indeed but I don't think it would be ending so soon . With such hike in the bitcoin price it will not be a very economical and smart move to invest in bitcoin . Alt coins are not able to get  recovered from the price shooting of Bitcoin  . With major investments and fund raising being done in Bitcioin  Alt coin is loosing its charm and market value . According to me , this might be the worst time to invest into alt coins in exchange of bitcoin .
If Bitcoin is already giving exceptional profit by holding then why take the risk of investing in some alts . There might be some Alt coins with pretty good coin base but none of them is near Bitcoin at the moment . Waiting for the best time to do so is the only approach to deal with it.           

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November 27, 2017, 05:12:53 PM
 #31

I think it might be Ethereum and Monero

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November 27, 2017, 05:15:02 PM
 #32


Bitcoin rally  today is huge and it must end at some point.

Now I want to swap part of bitcoins into alts with only one goal  - to gain bitcoin value. What do you think? What alts will raise in bitcoin price in next days if bitcoin begin to fall in dollar value?

Normally this logic is sound, but right now most alts are on the up as well and so the likelihood is they will also fall if bitcoin falls. If you're set on swapping to alts then I would go for XRP, it hasn't had a big pump like most of the other major alts.

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November 27, 2017, 05:15:12 PM
 #33

Thanks for the opinions!

I made a small swap yesterday for ETC, BHC and ETH and now I quit those trades. I've managed to make some profit in Bitcoin mainly because of ETC price increase in past ours.

I must admit - it is risky but adrenaline is adrenaline Smiley

If you can handle the stress, you can make swaps between bitcoin and altcoins, but I personally can't handle this and I never do swap beteeen bitcoins and altcoins.

Staying in bitcoin is safer now.
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November 27, 2017, 05:19:49 PM
 #34

I think you can hold again for few month, rally will not stop yet. Or maybe swap to ETH a bit, lot of potential
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November 27, 2017, 05:20:44 PM
 #35

At the moment I got only the alternative cryptocurrency. Bitcoin could collapse at any minute, so I trust the fork

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November 27, 2017, 05:22:48 PM
 #36

Long term - hold, but short term there should be a bit of a retrace happening soon

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November 27, 2017, 05:24:32 PM
 #37

i think if you really want to swap, but don't buy with all your bitcoins, Ethereum still best  choice because with bitcoin rally, we still can see ETH price rising too

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November 27, 2017, 06:53:14 PM
 #38

If bitcoin begins to fall in dollar value, it will also force altcoins to fall in dollar value. Noone surely understands this process. Every other altcoin is tied hard to bitcoin so there isn't anything to gain from alts while bitcoin drops.

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November 28, 2017, 11:06:18 AM
 #39

I suggest never swap Bitcoin for Altcoin! I recommend you trade and invest in Altcoins whilst having Bitcoin too!

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Vannie12
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December 01, 2017, 01:35:13 PM
 #40

That is an impractical move right now. Bitcoins are continuously moving upwards and you can lose a sure profit from it. That is free coins you know.
Maybe after the big pumps and prices are about to be stable, you can diversify but never swap all to alts. I say hodl too.
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