Do you approve this strategy: sell alts buy btc?

[Icoalert00]

I don't think so the alts are the assets and also the back up of bitcoin and traders also when the market of bitcoin is not that good and it is decreasing for sure many trader will pull out their money and putting it on some alts and it is normal in trading. I don't think that strategy will attract people. Buying more cryptocurrency will be better.

[Inikoo]

Don't think it is necesery either. If there is a big bull market, alts are much better to hold, and the prices are so low now, that I see more chance of alts value rising more than bitcoin, than the opposite.

[pantheraio]

Looks like buying bitcoin by selling Altcoin that we have is something good if we are confident and believe that bitcoin will continue to grow in the future. For me personally, I will keep my altcoin and keep my bitcoin too, because I think altcoin and bitcoin also have the same opportunities to make a profit.

[ashkanm]

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. alt coin could be very profitable if you can invest in the correct coin, and it's a good idea to diversify your investment, so you don't lose all your money at once

[talenah kotang]

I do not agree if all altcoins are sold just to buy btc, at least you leave your coin investing in another coin. because if everything is invested in btc then you will just wait a long time and throw a lot of chances to get profit from other coin.

[coinplus]

I never want to invest on any of altcoins by selling my bitcoins because I knows that bitcoin has more potential than any other coins so it will give more benefits in future if we hold until,if you invest on altcoins you can invest the amount from profits of your bitcoin.

Bitcoin has always had potentials and always will. I cannot say that one should sell all altcoins anyway, but at the same time, it is necessary to always stay careful as much as possible, knowing that even if you are investing in any altcoin, you really want to be investing in an altcoin that you are sure do have huge support and looking at some of the things that happened last year with most of the altcoins hitting bottom low when bitcoin started a bull rally, it is not a guarantee that something like that will not happen again.

[apolonio]

I would rather invest or buy alts now. Bitcoin has the potential to pump high again,  even this is the best time to buy bitcoin maybe i jusy invest five percent of my money then 15% in alts. Im not sure anymore in bitcoin will be the same during the past year happened.

[muddy waters]

I read this article, but I want to see opinions, would you sell all your alts to have only bitcoin now ?

That's actually what most people do - they buy alts, sell them for a profitable price and then convert them to eth or btc.
In this article Spencer Bogart suggested it right that "many altcoins are likely “overvalued”" - there are so many alike projects dealing with the same problems.

[faithupgrade]

I keep on doing this, I sell all my alts when the alts is about to fall, I am consulting RSI and MACD to verify the next direction of the altcoin. I am selling my BTC if the altcoin is already oversold and bought altcoin from it.

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

[felixesteban]

You will not find a strategy that is effective in all circumstances. Every situation has its own characteristics. So you may need to change strategies constantly . It's also a place where there are speculations and manipulations. That's why the easy solutions are not available.

[noictib]

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

Here I will say that don't go with anyone's suggestion easily because the main reason is that everyone have his own point of view , here at this stage what I am facing would like to share with you , not everytime bitcoin will get at high price and in the same way not altcoins market will go for the high price then what the price of the bitcoin remain stable in comparison of alts market , and also not every time we will remain happy with both of them market , so we need to turn our money in every part ( in bitcoin , altcoins , fiat value i.e bank value ) this will help you to have less tension problem of dump in any of the market .

[roflmao129]

Don't think it is necesery either. If there is a big bull market, alts are much better to hold, and the prices are so low now, that I see more chance of alts value rising more than bitcoin, than the opposite.

There is more risk in holding altcoins. HOwever, they do bring us a great amount of money which bitcoin can not provide. If you want to be rich, you need to understand cryptocurrency in order to make a right investment on a right altcoin. There is another way to make money with altcoins: trading. Trading is not very hard. You can learn trading on the internet or on youtube. There are too many tutorials out there and you do not need to be afraid of having no guide

[Glorypaasa]

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

Well some of the bounty hunters do this strategy they joined in bounty program and after getting their rewards they sold their alts and they convert it to bitcoin, I think is a good strategy but we cannot deny the fact that there are many potential alts but if you are planning to hold for long term bitcoin is much better than the other crypto.

[Zigzagkuy]

I do not agree with your strategy. Why ? Because, what if altcoins are down? whether we should keep selling and also forcing to buy some bitcoin when the price is high. That seems unlikely, so my advice is to invest in both to create an opportunity. Because bitcoin and altcoins both have good potential in the future.

[BitcoinMarketer39]

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 prefer the other way, since the prices of bitcoins today is dumping then i prefer investing a huge amount on ethereum because the price of bitcoins today is currently decreasing and altcoins is affected so we should invest while the prices are still low.

[engrshu]

Bitcoin itself is a good investment, if you have generous amount of btc then I think you don't have to sell it just to buy some altcoins especially in this kind of bearish market. Oh yes, it's a good time to buy some alts but its not a smart move to sell your btc. I suggest that use your other money in investing to some alts then add some coins in your portfolio.

[weblouartisan]

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

Actually it depends on the situation, after the price of bitcoins has been dumped then probably ethereum price will rise up so much and that is the time when altcoins will be so much profitable, and all you need to do is just wait.

[satria2]

Many thoughts you can do to make your profit in the future, some people will sell their alt to get Bitcoin.

[ValerieBTC]

I think that in part I approve of there are some altcoins that are very promising and it would be foolish to sell them

Well yeah there are so fantastic altcoins too in the international market. Some people just consider the market full of bitcoins. It is true either but still there is a good number of altcoins and we can call them altcoin family. These altcoins are little bit unstable than bitcoins in field of popularity. But few are really gorgeous and have so huge fame and pace. They all made the world technically beautiful.

[spartanrules]

Such decision depends on current situation on the market and what altcoin you are going to sell or buy. Because when bitcoin drops, altcoins drop harder and when it grow up, they recover faster.