Do you approve this strategy: sell alts buy btc?

[rmel0924]

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

For me I would not agree with this strategy because what if that alts I am selling will have a good potential in the future so I may lose what I am supposed to earn. I would be patient to wait for the time when to sell my hold coins anyway when it hits in the market it will turn to bitcoin. Any coins when sold is already bitcoins so it is not good to sell altcoins for bitcoins saving because all we can sell here gonna be turn to bitcoins.

[Maame Esi Sergio]

Non of these coins are really stable to sell one for the other. but for the sake of market cap, and value, selling an altcoin for bitcoin will be the very best. I personally do not sell my altcoins to bitcoins. Ethereum is my coin of choice from altcoin to altcoin.

[Polkadott]

if you have altcoin with medium value or just shitcoins then it would be great to sell it and buy Bitcoin because BTC is always valuable and needed. But I do not agree with this strategy especially if altcoin is valuable and has a good price

[zilong123]

If you have read many strategies about selling alts and buy you could make analysis if what strategy is fit for you, well we have our own strategies and I Believe that experienced in crypto is one of the best.

[dameh2100]

For me, Its not recommend to sell altcoins to buy bitcoin because altcoins is more profitable to bitcoin because the price of altcoin now are easy to pump than bitcoin. Altcoins are easy to FOMO that can easily pump the price and double your investment in medium of time

[Fatanut]

Welp, considering how many altcoins have turned out to be shit coin in a month or so, I would honestly consider this strategy. Altcoins are for fast money. They are created (at least almost all of them) for the purpose of pumping and dumping the coin. Some are able to buy an altcoin in a price lower than the pre-sale and it's one of the strategies of ICOs in order to assure that they will have sales at all or at least be able to reach their soft cap. Of course those "early investors" do not really care about the coin so they are going to dump the coin as soon as they enter the exchange. Funny because I didn't know this before and so I held my altcoins that came from signature campaigns. I thought I would try put my heart to it for a month or so. So instead of having the amount of money that I was supposed to earn from it, I earned just a couple of bucks.

I don't trust altcoins in the long run anymore except those that are in the top 100. On the other hand, there are still some coins whose devs are actually trying and are actually doing what their coin was supposed to do. Sadly, you have no way of determining if an ICO is going to do that or not. It's all just a matter of luck but in order to be safe, sell your coin as soon as it pumps for the first time or as soon as it reached the ICO price.

[pharaon]

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

Undoubtedly, bitcoin is the most popular, reliable coin, which has a high price, and there are all prerequisites for its further growth, but there are promising altcoins that should be paid attention. I believe that you need to protect your risks, and keep bitcoin and some altcoins.

[Amajaa]

For me its okay to sell alts for btc but on the other hand it is also good to hold alts for they can be profitable also as btc.. Once btc pump alts will follow most of the times..  Much better to have both if possible.

[aleksei_chizhov]

I thought about it too. If I had sold my ETH and bought BTC in February, I would have more money today.

[zeingrind777]

I do not approve of it. alts with great prospects and potential for the future, better hold it. for bitcoin, I have the different way to get it

[BitcoinNational]

Don't really agree with this article. It's just not my way of thinking. I prefer having my money in various coins rather than just one.
But for the true believers in bitcoin, why not, some think that the bitcoin health impact all the other altcoins.

[forbesmining]

 I would never sell my alternatives that I have, because bitcoin is one, and there are many, and holding them is a great support to ideas in this world!

[nesty]

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

Selling alt would be fine in exchange with bitcoin specially if we are cashing out our investments because it is easier to encash it into fiat if we will exchange it with bitcoin.

[annango]

It is both good and bad ideas. In some situation, selling altcoin can be accepted and you can save your money. However, in some other cases, selling altcoins can make you suffer a huge loss or miss the opportunity to earn a great amount of money. Altcoins and bitcoin are both good. But if you know how to choose a good altcoin, it can bring you a better profit and bitcoin

Indeed, every strategy all brings us advantage as well as drawback. It’s not a bad idea that selling all altcoins to buy bitcoin because we should consider to situation at that moment, we’d better pay attention to price or valuable of a coin to make a decision whether selling are good or bad. Recently, altcoin sets their name in the market closely like bitcoin. Both of them have a big potential and also may bring us benefit as well. Therefore, it’s not important to sell all altcoin to buy bitcoin. The most important factor places in your strategy to the market fluctuation at that time

[nurbay]

I am more interested in Bitcoin than altcoin.
I think doing altcoin exchange to buy bitcoins is a great way.
Bitcoin has a high price value and has a good opportunity to grow and rise in price.
Of course, Bitcoin will be the highest value coin.

[Dr.Osh]

It is both good and bad ideas. In some situation, selling altcoin can be accepted and you can save your money. However, in some other cases, selling altcoins can make you suffer a huge loss or miss the opportunity to earn a great amount of money. Altcoins and bitcoin are both good. But if you know how to choose a good altcoin, it can bring you a better profit and bitcoin

Indeed, every strategy all brings us advantage as well as drawback. It’s not a bad idea that selling all altcoins to buy bitcoin because we should consider to situation at that moment, we’d better pay attention to price or valuable of a coin to make a decision whether selling are good or bad. Recently, altcoin sets their name in the market closely like bitcoin. Both of them have a big potential and also may bring us benefit as well. Therefore, it’s not important to sell all altcoin to buy bitcoin. The most important factor places in your strategy to the market fluctuation at that time

for now maybe i will use a different strategy. sell some bitcoin and buy some altcoin. Well, right now we see that the price is turning red. this becomes a pretty good opportunity, especially that the potential of the current coin is good enough to pump.

[rasp]

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 totally agree.

Rule number one - diversify your investments.
There should be at least 3-4 coins in your portfolio that would allow you to minimize the risk of losing the entire capital.

Rule number two - bitcoin is not the only coin on the market, there are a bunch of promising projects that improve the functioning of blockchain.
As the time goes on they could become as vital and popular as bitcoin.

[quality.crypto]

If you invest in potential altcoin, it is always good to hold them because according to their development the price will start increasing. If you are holding shitcoin with no developments it is better to sell them in the market for BTC. It is always good to check communication channels about your holdings this will make you to understand about their status.

[Cassy14]

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 sell your alts you dont need to buy bitcoin anymore.
just sell it with BTC exchange and you will have it.
but that is not a good strategy, you need to know well the market first.
especially the alts you are holding.

[kevpantof]

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 dont also think that this is a good strategy to do because right now there are still a lot of altcoins that is worth it invest and to hold that's why we should both invet in a great altcoins like ethereum and also invest our money in bitcoin so we can able to have more profit.

This strategy is looking relevant if you handle according to the current conditions and if you can not handle then do not apply this strategy. You have to sell out these Altcoin in high market where these coins have high value and you get the profit from here. After getting profit from these coins now upgrade to the Bitcoin and invest in a low market which is the perfect handling.