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Author Topic: Hodling alts vs trading for more bitcoin  (Read 113 times)
hollo321
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March 10, 2018, 11:09:49 AM
 #1

hey im kinna new to crypto and i see that everything is connected to bitcoin. When alts rise or fall is usually tied to whats happening with bitcoin and i usually never see an alt go say more than 20-40 percent above bitcoin, and when one does it eventually goes back down under bitcoin. Nothing always stays above bitcoin percentage wise and btc is the most sure bet long term. So doesnt it make more sense to just buy alts when they are low and sell when they are high to get more bitcoin? what would be the advantages of hodling alts?
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March 10, 2018, 11:19:37 AM
 #2

Hodl alts, only the ones you feel have potential and are the ones in which the investors would get attracted to. How to know whether an alt coin has potential or not is by doing lots and lots of research and gaining experience as time passes. Learn from your mistakes. When you feel you don't want to hodl that alt any longer, just o for it, sell it. But be completely sure before doing it.
talking about bitcoin, right now, it might not be a good time to invest in it. Maybe wait for a dump and invest when you feel it would be perfect according to you to invest in it and hodl bitcoin for long, Like really LONG!
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March 10, 2018, 11:22:05 AM
 #3

Hodl alts

reasons?
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March 10, 2018, 11:33:05 AM
 #4

So doesnt it make more sense to just buy alts when they are low and sell when they are high to get more bitcoin? what would be the advantages of hodling alts?

It depends. Buying coins when they're low and selling when they're high sounds simple, but it's a lot harder than it sounds. Sure, if you think you can make profit off trading, then go ahead! Nothing's stopping you from doing trading. But if you're like me and you don't like staring at charts all day, then holding is the way to go. Just try things out, the answer won't be the same for everyone.

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March 10, 2018, 11:38:40 AM
 #5

i just never see alts ever going above say 30-40 percent over btc so there would be no advantage to continue holding after getting so high correct?

thanks
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March 10, 2018, 11:47:02 AM
 #6

When alts rise or fall is usually tied to whats happening with bitcoin.
This is not totally correct. There are other factors such as :
1. Marketing by the team behind the coin
2. Number of coins available
3. Support from the community behind the altcoin.
4. The usability of the technology of the altcoin.

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March 10, 2018, 11:56:14 AM
Merited by skorupi17 (2)
 #7

hey im kinna new to crypto and i see that everything is connected to bitcoin. When alts rise or fall is usually tied to whats happening with bitcoin and i usually never see an alt go say more than 20-40 percent above bitcoin, and when one does it eventually goes back down under bitcoin. Nothing always stays above bitcoin percentage wise and btc is the most sure bet long term. So doesnt it make more sense to just buy alts when they are low and sell when they are high to get more bitcoin? what would be the advantages of hodling alts?
The advantage of holding alts to bitcoin is that alts have a higher and a faster chance to increase in price percentage rather than bitcoin. Let's say for example, a specific alt is at 1$/token on its first debut on exchanges. The next day, it got hyped up and the price increase from $1 to $2/per token, so the price increase of that alt is 100%. If you sold your alt to bitcoin on its first day, then you will have lower profits than holding it and waiting for its price to increase at $2/token.
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March 10, 2018, 12:00:02 PM
 #8

i just never see alts ever going above say 30-40 percent over btc so there would be no advantage to continue holding after getting so high correct?

thanks
Wrong, there are a lot of alts that goes way above 50% in price increase compared to bitcoin and the fact that prices of alts are way lower than Bitcoin's price is, it is easier for them increase 100% or more. You should check graphs of cryptocurrencies in coinmarketcap.com to see for yourself how the price of different alts changes over time.
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March 10, 2018, 12:05:31 PM
 #9

hey im kinna new to crypto and i see that everything is connected to bitcoin. When alts rise or fall is usually tied to whats happening with bitcoin and i usually never see an alt go say more than 20-40 percent above bitcoin, and when one does it eventually goes back down under bitcoin. Nothing always stays above bitcoin percentage wise and btc is the most sure bet long term. So doesnt it make more sense to just buy alts when they are low and sell when they are high to get more bitcoin? what would be the advantages of hodling alts?
The advantage of holding alts to bitcoin is that alts have a higher and a faster chance to increase in price percentage rather than bitcoin. Let's say for example, a specific alt is at 1$/token on its first debut on exchanges. The next day, it got hyped up and the price increase from $1 to $2/per token, so the price increase of that alt is 100%. If you sold your alt to bitcoin on its first day, then you will have lower profits than holding it and waiting for its price to increase at $2/token.


seeing a coin go 100 percent over btc i dont see often. I only see that with small no name coins and pump n dumps. Regarding more established top 100 coins i rarellly see go over 20-40 percent which debating with myself if might be great opportunity to sell for more btc.
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March 10, 2018, 12:07:19 PM
 #10

i just never see alts ever going above say 30-40 percent over btc so there would be no advantage to continue holding after getting so high correct?

thanks
Alts do have have massive increases from time to time. But you'll be better off trading alts to gain some profits at least short-term, than holding altcoins for the long-term (unless you're holding the popular ones like ETH, LTC, XMR, etc).
But you said you're a newbie, right? I'd recommend you to do some research about 'Trading' before you start your trading adventures. Also, if you want to trade altcoins to get more BTC, you should get familiar with how the value in satoshis work, it'll help you understand the gains/losses of your portfolio in satoshis since any fiats movements won't be relevant to you.

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hollo321
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March 10, 2018, 12:26:12 PM
 #11

When alts rise or fall is usually tied to whats happening with bitcoin.
This is not totally correct. There are other factors such as :
1. Marketing by the team behind the coin
2. Number of coins available
3. Support from the community behind the altcoin.
4. The usability of the technology of the altcoin.



what i mean is when btc tanks everything tanks like what we just saw this week. when bitcoin is looking more healthy alts can do well also. Not that there wont be massive increases or falls with altcoins for the reasons you mentioned among others, but what ever fluctuations happen they are only temporary and no matter how high an alt goes will eventually go back under bitcoin percentage wise, which is why cant justify long term hodling of altcoins in my mind atm. Bitcoin in the grand scheme of things is always leading the way
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March 10, 2018, 12:40:19 PM
 #12

Holding altcoins with high potential not trash ones is always better than holding bitcoin for the long term. But there are lots of altcoins and you can't know which one is going to be huge in the future.

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March 10, 2018, 12:44:48 PM
 #13

Holding altcoins with high potential not trash ones is always better than holding bitcoin for the long term. But there are lots of altcoins and you can't know which one is going to be huge in the future.
I still choose holding bitcoin than altcoins. But what i did is i devide my bitcoin into two form 50% hold and 50% for trading and holding some good alts by doing this i can able to earn much better income than focusing in only one coin. Learn how to trade is a better method for us who are looking for faster profit.

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March 10, 2018, 12:56:57 PM
 #14

if you want to consolidate all your investment and do trading that would be risky at the moment, bear market and price volatility is absurd. But if you're good at trading then that's your call, holding alt would be my game, some of my alts are in green while btc is in red. to balance and avoid big losses from bitcoin deeps.

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March 10, 2018, 01:06:22 PM
 #15

In trading its always better to keep trading rather then holding at 1 particular coin. U can increase ur bitcoin by doing daily trading in different altcoins with the help of chart
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March 10, 2018, 01:17:14 PM
 #16

That is what's most people are doing: buying alts cheap and selling them at a high price to gain more bitcoins to hold for the long run. This also gives you a cheaper entry option and a huge profit potential if you bought the right coins at the right time. Usually whenever alts are low, bitcoin is increasing and vice-versa, so you also need to time your exit on the alts and trade it into bitcoin whenever the latter is dirt cheap. If you also have the spare time and money, you can trade or hold both if you're confident enough that your chosen coin would get it to the top.

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March 10, 2018, 01:36:53 PM
 #17

I still buy bitcoin when it's cheap and hold it as long as possible, the large user base and trend of the blockchain dynasty allow me to do that. Altcoin with me is just the alternating scheme to collect as much profit as possible but it only happens in a short time. ETH is the best choice for my altcoin to hold in the long run.
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March 10, 2018, 01:40:44 PM
 #18

hey im kinna new to crypto and i see that everything is connected to bitcoin. When alts rise or fall is usually tied to whats happening with bitcoin and i usually never see an alt go say more than 20-40 percent above bitcoin, and when one does it eventually goes back down under bitcoin. Nothing always stays above bitcoin percentage wise and btc is the most sure bet long term. So doesnt it make more sense to just buy alts when they are low and sell when they are high to get more bitcoin? what would be the advantages of hodling alts?

If you are able to trade, then this will be the most correct strategy. You will always keep bitcoin. And sometimes buy altkoyiny, which would then immediately out of the sell (when the price grows a little) and thereby increase the number of its bitcoins.
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March 10, 2018, 01:41:30 PM
 #19

In trading its always better to keep trading rather then holding at 1 particular coin. U can increase ur bitcoin by doing daily trading in different altcoins with the help of chart
Not if you suck at trading which some of us do, and nobody will openly admit they suck at trading. Gotta take a long hard look in the mirror and be honest with yourself because if it is true, you are doing yourself a disservice by trading. Just hodl the BTC at that point, and never look back.
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March 10, 2018, 01:42:01 PM
Merited by Herbert2020 (5)
 #20

i usually never see an alt go say more than 20-40 percent above bitcoin, and when one does it eventually goes back down under bitcoin. Nothing always stays above bitcoin percentage wise and btc is the most sure bet long term.

this is not very clear and not completely true.
percentage wise altcoins go up a lot more than bitcoin. for example an altcoin which is worth 1000 satoshi can go up as big as 10000% (up to 101,000 satoshi) and it is very common actually. but bitcoin which is worth $10,000 can not go that high in a short time because it would mean going to $1million!
price wise there are altcoins that are worth more than bitcoin! look up 42-coin and there are at least 6 more.

doesn't mean they are good though!

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So doesnt it make more sense to just buy alts when they are low and sell when they are high to get more bitcoin? what would be the advantages of hodling alts?

to answer this question you have to ask yourself a very important question:
do you see altcoins have a good future? or do you see bitcoin have a good future?

me, i see bitcoin is a currency, a very useful decentralized one which will be adopted more and more no matter the short term fluctuations and also thanks to its limited and small supply (21 million cap) the price of it will appreciate over time.
i have not seen the same for any altcoins to this day.
as a result i hold bitcoin and see altcoins as a means to increase my bitcoins.

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