Do you approve this strategy: sell alts buy btc?

[GunsLair]

No, I adhere to the strategy that I need to have both bitcoin and altcoin in my crypto portfolio. Bitcoin is a long-term and reliable investment for me. Similarly, any altcoin can achieve this result, who knows

[1713543574]

1713543574

[domerosan10]

Yes of course I like your strategy, because sometimes there are altcoins that do not have the price or coin altcoin that like garbage. Sometimes I feel like that, I exchange the bitcoin even though not big. But doing such a thing is like saving for a long time into a hill or 1 bitcoin.

[SectorZero]

I generally think bitcoin is very heavy and clumsy currency. You just need to understand what altcoins you are working. Analyze the platform it's built on, the technology, the news behind it, the people. In General, I think altcoins can make more money if you come head to them.

[Wintersoldier]

This strategy could work to others but not to all. Because we all aware that market in cryptocurrency is different in each country. So it is much better to have a strategy that would fit on the existing market on the specific country where we are currently living and enjoy the benefits we could take on the trading we could set upon on the market. If bitcoin is much easier to used it safer to say to invest to bitcoin more but if its the other way around try something else.

[pankowri]

Yes,I do this.I just believe in Btc.Altcoin is risky one.If I get any altcoin then I normally sell this and then I hold Btc of Eth by selling those altcoins.So,I approve this strategy.

[Pumapipa]

I read this article, but I want to see opinions, would you sell all your alts to have only bitcoin now ? I don't think this is recommended

https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst

if you're alts is threatened to lose value and based on your research and others speculation. Provided that the time frame for such observation will be months. Then I guess this will be a wise decision. Personally, we are currently experiencing such, and i have decided to all the alt that we have then buy bitcoin, just to recover a bit. Our plan is when it had regained a decent amount, then we will eventually sell some then but alts again.

[Stac]

As bitcoin is expensive it is difficult to buy bitcoins so there is a possibility to buy alternative crypto currencies and when you earn profits when the price start to increase one will be able to earn profits through investing in alternative crypto coins as they all are assets which is of store value and every year the value of all the crypto currencies increases which is good for the investors as they will be able to make good profits from alternative crypto currencies and when the prices increases the investors can sell them and invest on bitcoins as only bitcoins has tremendous growth potential in the crypto market all other crypto currencies have a steady growth in the crypto market.

[boksoon]

I read this article, but I want to see opinions, would you sell all your alts to have only bitcoin now ? I don't think this is recommended

https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst

I think selling of ALTS is not good for now because there's a possibility to increased the price some alts are gradually moving up so we will wait for the good profit through increasing of some alt coin. But for Buy of Bitcoin is necessary for now because of a lower price but id you have an extra money don't use your asset to buy Bitcoin just use your extra money your alt coins is for investment because of a good moving value of price.

[akishang]

I think selling all alts will lessen the risk but also lowers the possibility of earning big amounts. We all know that there are alts that goes 2x-10x. Bitcoin doesn't go up that high and it usually goes up and down (red days). Having a big amount of bitcoin doesn't guarantee that you gain while hodling multiple alts with decent amount multiplies your chances of earning. Given the fact that the alt coins you were good enough.

[liseff3]

would you sell all your alts to have only bitcoin now ? I don't think this is recommended

Sell Alts to buy BTC, a reasonable excuse because BTC's also a reliable and established coin very worth investing. However, when viewed from the situation, the current market conditions do not seem to benefit the seller, maybe you will experience a little loss of the proceeds of the sale.

[mornabo]

I think it all depends on the price, if the bitcoin price goes down I will sell my alts, that way I can buy a lot of bitcoin. we need to know that bitcoin is more potential than alts and bitcoin prices may affect other altcoins.

Yeah if conditions permit we will do that, you know how traders work, they will sell when the opportunity comes and buys when the low price comes, not the problem of selling altcoin because that's what we'll do if the opportunity comes when the price goes up, and when the opportunity comes (bitcoin price down) of course we will buy it

[Sir Legend]

I do not agree with this strategy, I feel that I get a bigger profit from altcoin than bitcoin, some coins that make me get big profit like ETH, NEO and so on.

[letua]

It is not advisable because it is so much risky. Once you've lost your coins it won't be back anymore because it was lost forever. Much better to create some another strategy in order to have more ways.

[Faeton]

No, the only correct strategy has always been to invest your money in various promising coins and tokens. With one coin, no matter how good it is for investment, it does not seem impossible to guess. Not everything happens as we want it to. In bitcoin, of course, it is still worth investing your money, but we should not forget about the rest of the crypto currency. Now there are a lot of good coins and tokens, deserving attention.

[fullhdpixel]

if bitcoin seems to have a much lower price and I think I can buy many bitcoins with my altcoin, why not? You see, bitcoin has more potential than alts since it's the original cryptocurrency recognized in the world, and the price of altcoins also depends on bitcoin so buying the original one is much better than keeping the newly made ones.

A lot of newbies do not usually get that though but they are so bound on looking for quality than quantity. Sure, a lot of altcoins have a strong support and community and there is absolutely no doubt that they are going to be doing great in the long run, but most of them would just be the same cycle of go up today and go back as low from where it all started from.

Just few still always correct to some certain level and hold on to it as support. You do not have to sell all alts though; one can still hold some few ones with prospect but more of btc.

[Duogembrot]

if I always buy bitcoin in my opinion is not very profitable it is better I buy bitcoin once after that I grow my bitcoin assets with altcoin trading it will be better and better.

[Ann Impas]

For me as much as possible better to have both of them bitcoin and alts. Don't sell them all. Much better to have multiple portfolio rather of just having one, to prevent too much lost.

[chibimanau]

Investing in Bitcoin is good, but in my opinion you can buy altcoin to boost performance and increase Bitcoin rates. However, if you are new, it is quite risky. ETH and NEO are also good alternatives to Bitcoin.

[ethereumhunter]

sometimes, selling altcoin to buy bitcoin is make sense especially if we know that the altcoin price increases higher than before so we can get much of bitcoin. but if the altcoin that we have is down then it's not good if we sell in that time because we cannot get profit in bitcoin and perhaps, we need to wait for the altcoin is increase back so we can sell it.

[gamalzour]

bitcoin has more potential than any other coins I don't think it is right that to sell your altcoins and buy bitcoin because altcoin and bitcoin are the same price movement when bitcoin down also altcoins down. I believe that the investment in your hand should be 70 percent bitcoin as 30 percent altcoin.

Investment in bitcoin needs a lot of money while small coins do not need high investment. You can start with very low money and the prices of almost every crypto are increasing with the passage of time. There is no doubt that bitcoin has more potencail than any other crypto but it is all about the investment power. Bitcoin is the choice of every big investor.