Do you approve this strategy: sell alts buy btc?

[cryptomoon1003]

I dont agree with that approach, since I havent seen any great year for BTC... ofcourse, you can say that 2017 was a great year.. but common - as compared to what ? As comapred to Tron or verge or dent ? No !

[ArteMixer]

Meanwhile investing in worthy alts might make you many x'es, it might as well fall down next to nothing. So for large reserved BTC is more safe/potential, especially buying it now.

[bitbunnny]

Personaly I agree with such strategy but I'm maybe specific because from the very begininig, which is not 5 years, I'm faithful to Bitcoin and still see it as the most profitable and prosperous coin.
But I can understand that some prefere altcoins and want to diversify the investments and use short term opportunities when some altcoins appear. Still on long term Bitcoin is the best choice.

[connexus]

It depends on the investors. That approach could be used if you are going to encash your coins into fiat because before we could encash Alt coins we need to sell and convert it to BTC for us to be able to encash it into local currency.

[Emitdama]

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

That depends, as for me I believe that much profit can come from Bitcoin than altcoins. If I was given money with two options which is to either invest only on Bitcoin or invest on 25 alt coins, mehn…. Wouldn’t waste time to go for Bitcoin cause I believe it is far much better than every other ones. So if you asked me based on my own opinion, I will sell alt coins and go fully on Bitcoin.

[ichai]

It depends on the investors. That approach could be used if you are going to encash your coins into fiat because before we could encash Alt coins we need to sell and convert it to BTC for us to be able to encash it into local currency.

In my country there are a lot of coins that can be converted to local currency, not only using BTC and ETH to convert to local currency. It is a wise decision for him to buy altcoin, he will have a great profit in the future if he holds a BTC for a long time. Perhaps in the near future, BTC will rise, perhaps over $ 25,000.

[West0813]

For me no. I will not sell all my altcoins. I will only sell 75% of my altcoins. Then i will hold yhe remaining for future purposes. So when the altcoin will grow big in the future i have some in my possession.

[pabpete]

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

That depends, as for me I believe that much profit can come from Bitcoin than altcoins. If I was given money with two options which is to either invest only on Bitcoin or invest on 25 alt coins, mehn…. Wouldn’t waste time to go for Bitcoin cause I believe it is far much better than every other ones. So if you asked me based on my own opinion, I will sell alt coins and go fully on Bitcoin.

Bitcoin is a volatile asset (relative to FIAT) and this fact should be taken into consideration, especially in the days when the Bitcoin value is moving sharply. Bitcoin and Altcoins have an inverse relationship in their value, i.e. when the value of Bitcoin rises then Altcoins are losing their Bitcoin value, and vice versa. When Bitcoin is volatile, our conditions for trading are kind of foggy. During fog we can’t see much ahead, so it is better to have close targets for our trades or not to trade at all.

[Oceat]

It depends on the investors. That approach could be used if you are going to encash your coins into fiat because before we could encash Alt coins we need to sell and convert it to BTC for us to be able to encash it into local currency.

Well, you will just have to sell your altcoins and buy Bitcoin there's nothing wrong with it as long as you buy the right amount compared to what you pay for your altcoins. If you do holding more altcoins then the logic of selling altcoin and buying Bitcoin is more reasonable because more often altcoins are degrading their value in the long run while Bitcoin are still holding not below than the price of altcoins.

[biletskiy]

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.

No, I do not support this strategy. It seems to me, it will be silly to sell all of your altcoins and invest the money in Bitcoin. BTC is great but with alts, you have much more possibilities on the crypto market.

[Disculinair]

If it's the only two investments that you have then I really wouldn't. I always try and spread my investments and would encourage others to do the same

[gledek]

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.

yes, I agree with that, because altcoin is not necessarily good for the future, so it's better to trade it with btc. we know that btc is the best coin and the price is good in the market.

[tepakpak]

If all altcoins are sold just to buy bitcoin, I do not agree, because bitcoin is a long-term asset. and make no mistake, profit from altcoin should not be underestimated. If you want to buy bitcoin at the lowest price does not matter, it is also very good but do not all you invest in bitcoin.

[19Nov16]

If all altcoins are sold just to buy bitcoin, I do not agree, because bitcoin is a long-term asset. and make no mistake, profit from altcoin should not be underestimated. If you want to buy bitcoin at the lowest price does not matter, it is also very good but do not all you invest in bitcoin.

I think so, if bitcoin stands alone then it also will not be good for bitcoin, over dominating and no competition will make users bored and it will add more haters.

[nebuch]

Actually you are right that this strategy to sell all of your altcoins just to buy bitcoin because it seems imbalance situation on that decision. For me it is a way of immature person not knowing what will be the possible to happen in case he/ she do such rush decision is good nor bad. It should be in under construction once everything will gone. And that situation is not so easy to overcome because once you lose something or someone that important to you it is really hurt.

[jakoylantern]

For me, it depends on the current situation, why will you sell all your altcoins if this coin is much profitable than bitcoin. Yes, we know that bitcoin’s price is still high and much higher compared to that altcoin or another cryptocurrency but, what if this other coin is much profitable to bitcoin. We can earn and gain both sides but don’t sell all your another cryptocurrency because of bitcoin; it's much better if you have many different coins because most of the coins right now increase its price rate. But like I said it depends on the situation because if you sell your altcoin right now, it's better because if you have ethereum, its much better to sell your ethereum now and convert it to bitcoin because ethereum’s value right now plummet, and bitcoin’s amount right now is increasing. 

[xSkylarx]

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 agree with this strategy and I find it a wise way of earning good profit. There are lots of altcoins these days but most of them don't have a good value so I think it is better if we'll just sell it and buy more bitcoin to hold  specially these days that bitcoin is currently low and is in red.

[sarjilcse]

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

In my opinion I would still try to keep both. I would diversify it into alts and Bitcoin all the way since they have a huge earning possibility when they pumped up.

[bowals]

this is an excellent strategy especially for the weak hands, because btc has the biggest assurance/ confidence therefore you can sleep easy, but for investor and similar minds, ROI on bitcoin isnt so great

[CarnagexD]

It depends, 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.

It will depends on the current status of the price of both subject you want to trade upon. If you are going to trade in or to buy with a cost of selling you alts it is much better to analyze and play with the price of both sides for you to know what is the best decision you could have for the future. It is not bad to be skeptic sometimes in dealing decision like this for you to earn more and gain more profit in the future.