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Author Topic: Swap bitcoin to alts  (Read 565 times)
Qunenin
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December 05, 2017, 03:39:17 PM
 #41


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.

Normally either bitcoin is moving up or altcoins are in positive direction but not both.  Last few days are especial  in a way that both bitcoins and altcoins are moving up. i didn't see this trend before. Maybe it is due to year end where all the coins close at a high each year. Last year we say bitcoin reach 1000$ which was all time high at that time.

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December 06, 2017, 08:59:38 AM
 #42


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?

You are partly right — you can do it, but do not exchange all of your Bitcoins for altcoins.  Leave in your wallet your BTC and do not touch the currency. Buy ETH, Cardano, NEO and some minor alts to trade and make profit.

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December 06, 2017, 09:16:47 PM
 #43

Now such an unpredictable crypto-currency market! I'm afraid ,that the prices for altcoins will fly down if the bitcoin price goes down, as many will want to buy bitcoin at a cheaper price.

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December 06, 2017, 09:39:48 PM
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I, too, hold the opinion that this is not necessary, since the demand for bitcoin is growing and the price is also high. For insurance, it is possible to partially buy some coins, as previously described. The choice is still yours.

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December 06, 2017, 09:52:36 PM
 #45

I, too, hold the opinion that this is not necessary, since the demand for bitcoin is growing and the price is also high. For insurance, it is possible to partially buy some coins, as previously described. The choice is still yours.

I would hold Bitcoin for a while and I would refrain from this procedure until the new year. Then I would watch BTC's actions and I think I would soon turn him into Altcoins.

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December 06, 2017, 09:53:58 PM
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I think it's not a good idea now to swap from bitcoin to alt.... bitcoin price is rising day by day and there are no clear signals that this rise will stop...

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December 06, 2017, 11:20:22 PM
 #47

Now such an unpredictable crypto-currency market! I'm afraid ,that the prices for altcoins will fly down if the bitcoin price goes down, as many will want to buy bitcoin at a cheaper price.
The whole Cryptocurrency markets been unpredictable since the start. You have to get over your feelings and just invest!

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December 06, 2017, 11:25:52 PM
 #48

If I have a Bitcoin, I will keep my Bitcoin without having to switch to Altcoin. Because in some times this Bitcoin is safer to hold. The price is rising rapidly enough for profit without having to trade Altcoin.

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December 06, 2017, 11:28:51 PM
 #49

I, too, hold the opinion that this is not necessary, since the demand for bitcoin is growing and the price is also high. For insurance, it is possible to partially buy some coins, as previously described. The choice is still yours.

You are correct. It is best to save in bitcoin and hold it.This is my mistake several months ago before the halving. I park my bitcoin to some alts and when bitcoin becomes bullish all alts in red. I lost much in bitcoin value which I regret.

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