JACKSW4G
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July 15, 2018, 10:43:58 PM |
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I can say that Bitcoin is sometimes worthy to buy, but also there are some great alternatives to it, that are also worthy of our global investings. |
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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darkangel020716
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July 15, 2018, 10:49:23 PM |
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Many people actually do that because of the idea that Bitcoin still is the best coin around that could give a person the best profit possible come the time it gains back what it lost after several dumps. However, I will not totally dispose all of my altcoins to buy Bitcoin because there are still some altcoins, like Ethereum, that is worth holding. And also, in this market, diversity is key, so it's better to have a couple of coins rather than just one. Everyone has their objective to buy bitcoin or altcoin, there is different reason each other, thats why every coin have a fans, some of them fanatik.
It will be depending on the users and the holders of the said currency, selling alts to buy some bitcoins is like giving yourself an opportunity to gain more profits, because I still believe to the potential of bitcoin by returning its price in its original state. |
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Twentyonepaylots
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July 15, 2018, 10:53:05 PM |
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I honestly think many of these Alt coins are pump n dump schemes. You can make some good profits on Alt coins, if you time your exit before they collapse. The most stable and reliable Crypto currency, since 2009 is Bitcoin and that is not even disputable. <remember we are not talking about volatility, but rather the long-term survival of the coin> So my strategy is to play with Alt coins and to move my profits <if there are any> to Bitcoin in the end. Bitcoin is my store of value, like Gold is for many other investors.  We have personal strategy applied for every situation in the market, some may have same strategy like you just posted, and have different exit plan. Market is Volatile, anything can happen at any given time, the price value of Bitcoin may goes up and goes down, Yes, i am more inclined to Bitcoin as my main coin in investment. Traders often time use the same strategy for short term transaction on the market. |
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Daimon88
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July 18, 2018, 05:53:09 AM |
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I'm currently freezing my account. I will not buy or sell during this time. This only makes me lose more money.
Altcoin price is $18.54 which is a good price and inside the circle of all of us so its investment is mainly favorable for short term because there is not much gap between its low market and high market value. The price is not fluctuating with big gaps so if a person wants to invest then he can surely invest here. If savings are low and you desire for the Bitcoin then start from Altcoin and upgrade into the Bitcoin after making profit here. You can only decide like that if the future return in altcoin is not good and you can maximize your profit at some point in future if you sell altcoin and buy Bitcoin. Usually altcoin gives good short term profits. ETH is also good for long term investment so better do the comparative analysis before selling altcoin for Bitcoin. Better would be if you keep both in your portfolio. |
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liivii
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July 18, 2018, 05:58:30 AM |
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We have different opinions about this strategy but for me it's a no because you can also earn huge profit in altcoins if you do it correctly. I can say that you need to have at least two or three altcoins in your wallet so that you have more ways to earn money and not just only focusing on Bitcoin. You need to explore here in crypto currency if you want to fully maximize yourself about this industry.
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alyssajane1982
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July 18, 2018, 06:06:14 AM |
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We have different opinions about this strategy but for me it's a no because you can also earn huge profit in altcoins if you do it correctly. I can say that you need to have at least two or three altcoins in your wallet so that you have more ways to earn money and not just only focusing on Bitcoin. You need to explore here in crypto currency if you want to fully maximize yourself about this industry.
Yes, i agree, we need to explore more in cryptocurrencies so that we can be able to learn more and find good opportunies to gain more knowledge and at the same time more profit too. |
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nydiacaskey01
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July 18, 2018, 06:15:19 AM |
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The article was written last May of this year and what maybe a good trading strategy that month may not be as effective to apply today, just like what works for you as a day trader does not work for me as a long term holder. Usually when Bitcoin is starting to recover, alts are being dumped and its the other way around if Bitcoin is down, Alts will be up.
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Lydiaglo
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July 18, 2018, 10:16:20 AM |
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Depends on how much you trust bitcoin and other coins. For example if you believe that bitcoin is a more sure thing safer investment than yeah you can invest on bitcoin, maybe put a bit of ethereum near it as well since it became a huge coin with bitcoin as well. However if you believe that there is a coin out there that will rival bitcoin and ethereum and if not just be the third to them and go huge than you can invest on that as well. It all depends on which altcoin you are talking about and how much you trust that coin.
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reyanshbasu
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July 18, 2018, 11:47:04 AM |
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on my opinion dont sell your alt coins because there is some altcoins that has a good potential, just hold all of your coins until the price is going higher. But if you really want to sell your alt coins to have a bitcoin just sell half of your altcoins. Dont focus in one coin we need to explore another coin to earn more profit.
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yanesna3
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July 25, 2018, 12:12:20 PM |
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Yes, you can invest in many cryptocurrencies but I do not see any sense in exchanging your altcoins for Bitcoins. Some alts will bring you more money than BTC.
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mitchr4
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July 25, 2018, 01:27:09 PM |
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Altcoin is part of cryptocurrency though not as good as Bitcoin but Altcoin can also give people more advantages than if only trade Bitcoin. There are so many Altcoins potentially growing and there is no need to worry about when investing in Altcoin but be more careful on coins that can harm you. |
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erikoy
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July 25, 2018, 01:41:15 PM |
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No probably my strategy regarding on that matter is that sell those altcoins that are not so good when it comes to volatility or its coin utility and trade it with bitcoin. We should remember that bitcoin is the only dominant crypto in the market and all others are just altcoins even the establish one altcoin which is ether. My faith is with bitcoin and i believe also in altcoins.
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Napole0n
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July 25, 2018, 01:41:30 PM |
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In my opinion, altcoins for buying bitcoin's selling strategy is not good, if bitcoin is too strong, then there can be no competition, so that users get bored and leave bitcoin immediately, so it will kill bitcoin.
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nightxglow
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July 25, 2018, 03:02:21 PM |
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It's a no for me. Although bitcoin surely is good, but sometimes altcoin can surprise me much.
Like when suddenly one of your altcoin being so profitable, again and again until you can't believe it happen, and even can give you more profits than bitcoin.
I would love to have many bitcoin, but i still like having some of altcoins in my wallet for many various reasons.
I think they might be useful someday, and i like variety, so having many coins aside bitcoin make me feel great. But of course if they really don't worth anything, then i will sell them and get bitcoin instead.
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Henry Sy
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July 25, 2018, 03:05:47 PM |
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I would not suggest putting resources into only one crypto currency. Without a doubt, bitcoin now drives the market, however this does not imply that you can disregard whatever remains of the crypto currency. To date, we can see countless coins, in which it merits contributing. In this manner, I share the speculation and pick a few commendable undertakings. |
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denisaardelean
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July 25, 2018, 03:41:32 PM |
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You can see that selling altcoin and buying bitcoin is the trend of the market at the present time, it can be seen that bitcoin prices are constantly fluctuating and increasing sharply in recent days, which atcoin is being poured on bitcoin This is causing the price of altcoin is down in the past days and bitcoin prices are increasing strongly. So you should sell altcoin and buy bitcoin at this time. |
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Deepa18dec
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July 25, 2018, 03:46:05 PM |
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If you want to have quick gains or short term gains then this is the best strategy but for those who are in this market for long term, they select their coins and hold them for long term, short term fluctuations do not matter because in long term, price of any coin can go much higher than the short term high. Well, I don't believe in long term now, so buy low sell high is the best strategy.
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amber deposit
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July 25, 2018, 03:59:32 PM |
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I don't think, that to sell altcoin will give us much bitcoin especially if the altcoin price is down like today. Because the amount of bitcoin that we can get is reduced. Maybe it's better to hold the altcoin that we have until the altcoin price is back to increase again so if we sell the altcoin, we can get much bitcoin and we can wait for bitcoin price is back to increase to sell the bitcoin.
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Gulayman
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July 25, 2018, 04:47:12 PM |
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It depends on you, if you want to invest in bitcoin you will sell all of your altcoins. But it is also better to have other alts, especially those with good platforms because we can also earn huge profits here especially when you start their platforms and they already have working products that really can be used person. |
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dmamigo
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July 25, 2018, 07:00:55 PM |
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Personal opinion, I don't think this strategy must be followed. There are coins which is good in many aspect if compared to Bitcoin. And if we see this for long run, those and many altcoins have greater chance to flourish. I don't want to enter the speculation about surpassing Bitcoin, nobody can guarantee that, but I believe these coins will give a good return, and if you compare the percentage of return with Bitcoin, you will see a good difference.
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