Sell all alts for Bitcoin while it's down?

[vlad230]

I think the best advice always comes from the stock market - although you can't really compare the two - always sell when it's rising and keep when it's going down.

Also, from what I noticed it really depends on the amount of coins you have. If you have a lot of low priced coins those could easily triple or quadruple but BTC can go much less than double at this time.

[krodmandoon]

Do not sell your alts for Bitcoin. Bitcoin will recover slower. Mostly because of the price, but because of the high transaction fees, as well.

[dimkainvest]

I think now it is not necessary to sell altcoins and buy bitcoin. Because altcoins fell in price more than bitcoin. You will be profitable.

[Rudementry]

if you are an experienced trader then yes you can add vast amounts to your stack..

if you aren't then no - HODL and ride it out.  Noobs lose funds left right and center in a bloodbath. if you believe in your portfolio then HODL go for a swim and come back in 2 weeks

Yes I agree. So that during the decline of the general market, something to sell or buy needs a very large experience. I understand that you do not have experience. Since you would not have asked this question now. Just stay away, do nothing. Wait until the market returns to normal operation. It's all not for long.

[jinnyjinny]

I wouldn't recommend you to do it..It is dangerous and there is the chance the price goes up again and will never back down and you will be forced to buy coins by more high prices if they are worth to you. So, if you want to sell, just don't sell everything, sell just 40-50% percent of holdings , don't be greedy , that will save you from global money losses.

[jack107]

Buy all of the alts you can. I would get into ITC. Underrated coin atm that is known as the IOTA of china. https://coinmarketcap.com/currencies/iot-chain/

[Gabb]

I do not see any sense in selling your bitcoins at the lowest price that has been observed in recent days to change it for some of the multiple altcoins that have emerged and will continue to emerge throughout the year. I would prefer to continue buying more bitcoin, and I would sell the altcoin with better performance throughout this terrible red days.

[batang_bitcoin]

If you did that for bitcoin when it was around $9,900 then you have earned already but if you have faith to your portfolio since it is your coins that you whom chosen then just keep on holding.

Do not sell your alts for Bitcoin. Bitcoin will recover slower. Mostly because of the price, but because of the high transaction fees, as well.

It's recovering now.

[jhanson]

time to buy as much as you can for the rise. If you're looking for a low buy-in, look into ITC. Very good coin that is known as the IOTA of china. https://iotchain.io/

[Quidat]

If you did that for bitcoin when it was around $9,900 then you have earned already but if you have faith to your portfolio since it is your coins that you whom chosen then just keep on holding.

Do not sell your alts for Bitcoin. Bitcoin will recover slower. Mostly because of the price, but because of the high transaction fees, as well.

It's recovering now.

It is indeed recovering as of now which most people who did buy cheap coins on those dips are now smiling seeing on the profits that they made on a short period of time.This is the advantage if we do see those dips as opportunities to buy even more because those chances which we can barely able to see that's why we should not hesitate to buy even more because sooner or later coins prices will really recover no matter what just like on the thing we are seeing as of now.

[hirokazu]

I know everything is down right now.. especially Bitcoin.. Should we sell our alts for Btc and rebuy when it rises again or is it much for muchness?

I prefer to hold it. Selling altcoin while their  prices and bitcoin currently drops is a big mistake, because with those altcoin, you have to get a lot of profit once the price goes up again. You will benefit to sell altcoin to btc plus more profit to sell btc to usd.

[carrymentality]

I will not reccommend to do that, altcoins are affected by Bitcoin and Bitcoin is being pressed down by whales. Do not sell anything, this time is perfect to buy more

I agree. I think that even though that might seem to be a good move since most, if not, all coins are going down in value, like the above-stated reply, I will not support selling all altcoins, maybe 50% will do to just have capital to buy and stack some bitcoin for future use. You should keep those coins that may yield good profit potential if you have them in your portfolio.

[batang_bitcoin]

If you did that for bitcoin when it was around $9,900 then you have earned already but if you have faith to your portfolio since it is your coins that you whom chosen then just keep on holding.

Do not sell your alts for Bitcoin. Bitcoin will recover slower. Mostly because of the price, but because of the high transaction fees, as well.

It's recovering now.

It is indeed recovering as of now which most people who did buy cheap coins on those dips are now smiling seeing on the profits that they made on a short period of time.This is the advantage if we do see those dips as opportunities to buy even more because those chances which we can barely able to see that's why we should not hesitate to buy even more because sooner or later coins prices will really recover no matter what just like on the thing we are seeing as of now.

They aren't just smiling but they are celebrating and probably they are tapping their desk on how lucky they are for buying at dip. That's the lesson that everyone will soon going to understand that they must take the advantage during dip times. No need to take actions but to hold and if possible take as many coins as you can at the slashed price from the latest price before it goes to dip. And taking the advantage, right now it's also a good time to take profit.

[jbautistangina]

Its not a good idea to sell your coins for BTC,you will be rekt if the bitcoin goes wild again,the best thing to do is to keep the solid altcoins and stick with them while BTC is moving wildly few hours from now the market will recover fast and you will realize that im right to hold your solid alts than to sell them for BTC.

[bakulgarem]

for my own I still hold it for some time until back setabil.

[TechPI]

Did you account for how much will be your txn fee? to shape shift across each coin and then cash out?

[fuer44]

I know everything is down right now.. especially Bitcoin.. Should we sell our alts for Btc and rebuy when it rises again or is it much for muchness?

I think we should not sell alt for btc. etherum has started to rise, and if we do not have a lot balance of alt, selling it to btc is not the right thing because the value exchange of alt to btc is still low, better hold it.

[ichsan ardi]

I know everything is down right now.. especially Bitcoin.. Should we sell our alts for Btc and rebuy when it rises again or is it much for muchness?

btc will be normal and raise up again. why should u sell it when btc down? just hold in for a while.

[johnyespapa]

If you ask me,or any whales or technical traders in what is the best thing to do when BTC is down,they will answer the same as mine,
You should be buying more in the dips,do not let the community makes you FOMO,buy cheap alts in the dips and wait for the market to stabilize so you can have easy gains,believe me weak hands always lose in the market and holders always win.

[mhine07]

I know everything is down right now.. especially Bitcoin.. Should we sell our alts for Btc and rebuy when it rises again or is it much for muchness?

For me i would not sell all my altcoins that i am holding. I will just leave it all in my portfolio even if all of them are down. Buying bitcoin now is expensive even the value is going down. And it won't last long , all altcoins and bitcoin will be back on track again and all their value will go up again.