Do you approve this strategy: sell alts buy btc?

[IGP50]

Hi buddies, if you really want to make a lot of profit either long term or short term, then i advise you buy bitcoin by selling some altcoins you have gotten. Currently, there is a dip in the market prices of the coins so i have invested in bitcoin hoping to see one day that there is a spike in the prices of bitcoin. This is my expectation and it is a strategy i have adapted. I wish friends join me. 

[Chacon994]

I won't do that, 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 when bitcoin drop, but don't put too many percentage of your investment into alt, because alt got bigger risk than btc

Right. Altcoin is riskier than BTC. But if you want to make a lot of money, you have to invest in altcoin. Because many altcoins can raise prices up to 5000% a year

[Crypto24hrs]

To sell alts and buy btc is not totally a bad idea but real investors will definitely not attempt to sale their alts just to buy btc but as for me i am totally of the opinion  of holding my alts.

[avtonomro]

Well, nope... I think some alts will have a better future than btc.
Some alts got really nice projects that are being developed.
I prefer to have alts AND btc

[no0dlepunk]

That depends on the alts that you are referring to, my friend. I was HODLing some wage coins but recently both of it and bitcoin are down by few percentages so I have decided to sell all wages and store bitcoins instead. I am waiting for a good pump anytime though.

[Lucifers]

I think it's a good thing to know that way. because if we want to get a profit maybe we have to master the way. yeah although I do not follow your way, but I will make a positive response for some crypto currency users because of the way you share it.

[Angi]

Its probably your decision because you always you can predict your life but I suggest not to sell all your alts if its potential because not always that bitcoin is in good condition so choose both to invest with.

[zoomzoom]

I fully expect in next few years an or multiple alts to overtake BTC's price, it's clinging on just through support at the moment. So I don't think it's the best advice, just to treat BTC as something that is more worthwhile to invest in than various alts, particularly ETH seems to me a more intelligent longterm investment.

[deepgyl]

in bear market it is 100% true fact that we should hold more btc and fiat to buy in dip . alts are suffered more because of btc pair so holding alts is not good unless we enter into bull run . marketcap goes low in bear market so entire money goes more and more in bitcoin as such crash .

[Babyhouse]

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 so mate. I don't recommend this kind of strategy.

[bryant.coleman]

Selling alts can be a mistake as market is showing signs of a major recovery. And normally when the Bitcoin prices goes up, the alt prices rise even faster. So if you convert your alts to BTC now, it may turn out to be a mistake.

[NewRanger]

Selling alts can be a mistake as market is showing signs of a major recovery. And normally when the Bitcoin prices goes up, the alt prices rise even faster. So if you convert your alts to BTC now, it may turn out to be a mistake.

it is correlated between altcoin and bitcoin.as major currrency , bitcoin influence other cryptocurrency price.market psychology said like that.

[Pinoyfan]

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

Yes approved by a good thing for me to invest it in the world so much. I believe that they belong to the future, but we have been working with the future. Cause bitcoin are respectable. Cause we have been a good job of money will suppose that they in this way, but I believe that bitcoin and technology

[PalindromemordnilaP]

Yes i do approve that if you know what alts you are selling because you might sell the very potential crypto which might give you the same profit as those top alt coins right there. But even if you are selling the good alts, it's still good because you will have bitcoin too.

[Burogh]

well, every body have their own strategy. there are a lot of people that sell alts buy btc, but there are a lot of people too that sell btc buy alts. so i think it depends on the person own strategy.

Some peoples have their own strategy. I am better keep good altcoin. Off course bitcoin is primary investment in market, but i think collecting some good altcoin like ethereum is profitable too. Some altcoin have good product and have undervalue market cap, i think investing on this kind altcoin will give us big profits beside investing on bitcoin

[glowing10]

well, every body have their own strategy. there are a lot of people that sell alts buy btc, but there are a lot of people too that sell btc buy alts. so i think it depends on the person own strategy.

It should always be the blend of both. You cannot create a good portfolio with just single coins and some of them are really good coins and can become a future ETH if bough now during ICO or early stage of their life. So to build a best portfolio you need to have a mixture of both.

[Farhan786]

Bitcoin has more potential than any other coins though altcoin and bitcoin are equally hard to predict. Crypto currency is very unpredictable, we don’t know which coin can rise up. So I don't sell my altcoin convert bitcoin. It will be more balancer strategy.

[Sled]

Bitcoin has more potential than any other coins though altcoin and bitcoin are equally hard to predict. Crypto currency is very unpredictable, we don’t know which coin can rise up. So I don't sell my altcoin convert bitcoin. It will be more balancer strategy.

Bitcoin is indeed has more potential than the altcoins but altcoins can be a great field for our bitcoin to invest because the price of altcoins can go up and down faster than bitcoin which means a more volatile type of field which is the best for traders who like scalping or day traders who want to make quick profit.

[toolucky98]

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.

i agree with this, because bitcoin still dominate all coins in cryptocurrency and have the largest price of all

[yihad]

Do nothing. Your alt coins will probably go up in value again, and you don't risk fucking up day trading.