Do you approve this strategy: sell alts buy btc?

[mahfuj7779]

 I would not recommend investing in just one crypto currency.if bitcoin seems to have a much lower price.Don't sell your all altcoins for bitcoin.

[Lubang Bawah]

I disagree, this is a bad idea, getting bitcoin by selling altcoins will certainly make 2 things worse, first the marketcap will not increase, and the second will make the altcoin price to zero, if many altcoins die then it can certainly be unattractive .

[DogmaF10]

It could be one of the best ways to invest in a long term. Tho cryptos were known for its volatility, again, BTC is the best for their stability in prices, BTC prices already be of of main factors that could determines the prices of the other altcoins. I personally would rather to choose to investing in BTC than the alts

[Ridwan.P]

I don't really agree. bitcoin price increases are not significant every month. even more likely to go up and down. while the increase in altcoin prices is very significant. we all know the rise in altcoin prices, there are several altcoins in just one week experiencing a high price increase. and that is very profitable.

[pokeronlinestatus]

No of course in my 5 years in crypto I have seen some people got very rich till now and not from bitcoin but from altcoins they are holding like my collegiate he is holding his xrp since February 2017 he buys for only $1500 and he hodl it for one year up to December 2017 and January 2018 he sold half of his xrp worth almost $320k from his $1500 see, how powerful altcoins are compared to bitcoins?

It is fine and we have benefits from all best cryptocurrencies but productivity is something else that is why we desire for Bitcoin. Except Bitcoin all the other cryptocurrencies which are best recommended also generate profit for us but lesser than that of Bitcoin. Now if you have Altcoins and are in profit then I will suggest you to find a way where you can make profit by selling it in order to upgrade to the Bitcoin.

[Joriecoinbit]

No of course in my 5 years in crypto I have seen some people got very rich till now and not from bitcoin but from altcoins they are holding like my collegiate he is holding his xrp since February 2017 he buys for only $1500 and he hodl it for one year up to December 2017 and January 2018 he sold half of his xrp worth almost $320k from his $1500 see, how powerful altcoins are compared to bitcoins?

It is fine and we have benefits from all best cryptocurrencies but productivity is something else that is why we desire for Bitcoin. Except Bitcoin all the other cryptocurrencies which are best recommended also generate profit for us but lesser than that of Bitcoin. Now if you have Altcoins and are in profit then I will suggest you to find a way where you can make profit by selling it in order to upgrade to the Bitcoin.

As for me, I will not sell my alts just to buy btc. I'd rather hold both alts and bitcoin as they're both profitable. You can earn profit in bitcoin, and so with alts. Better have it both.

[binghope]

now sell or buy then there is no price satisfaction, in my opinion should not sell or switch between coins now, the market is falling extremely deep, if this does not make you will lose

[DHaosociu]

I do not agree with this strategy especially if altcoin is valuable and has a good price.

[loyoung]

I think it would be better to have both because basically altcoin can also provide benefits just like bitcoin.

[Netnox]

In the near future, a lot many of the altcoins are going to die and the market dominance of Bitcoin is going to increase. So if you are holding some of the less known alts such as Bitsend or GBYTE, it may not be a bad option to convert them to Bitcoin.

[sotoshihero]

Re: Do you approve this strategy: sell alts buy btc?

No. I did regret  this becasue I am all in alts. Though they are in top coins list in CM<C but I think its good that I maintain a balance in BTC also. Say 50% - 50% share, I know bitcoin is the main crypto but I was drag to some altcoins feature which lead me to hold more alts. I hope I can recover too in the soonest once bull season is here.

[jujurloe]

the use of the right strategy also requires market analysis, if applied without seeing other factors in my opinion it will cause loss and also waste time

[Ridwan Fauzi]

I do not agree with this strategy especially if altcoin is valuable and has a good price.

Is bitcoin not valuable?
If you had bitcoin a few years ago, let say you only have 50BTC and you hold it until now, just a question to you how much profit do you have right now? Unlike if you hold altcoin, let say you have 100 ETH and you hold it up to now, how much profit do you get? Try to compare the benefits that you will get to this day, hold altcoin or hold BTC?

[Chachacoin17]

Re: Do you approve this strategy: sell alts buy btc?

No. I did regret  this becasue I am all in alts. Though they are in top coins list in CM<C but I think its good that I maintain a balance in BTC also. Say 50% - 50% share, I know bitcoin is the main crypto but I was drag to some altcoins feature which lead me to hold more alts. I hope I can recover too in the soonest once bull season is here.

If your alts do have a trading sites that could directly be traded with btc, just prefer choosing that type of exchange. Don't ever sell your alts while its not ganing good value, you should stay in patience. Just sell your 30% alt value and don't ever sell everything, because you might tend to be frustrated due to regrets.

[virendarnagpal]

Approve or disapprove, it doesn't matter as this is what practically everyone is doing right now.
People panic sell alts, bitcoin dominance grows, alts die to never revive again.

Once the market gets cleared up, whales will start pushing btc price upward again.
This will bring the market to the new stage. New projects and new coins will arise only to die in a couple of years.

Remember the top 10 of coinmarketcap in 2013?
Yeah, I don't remember any of them, too. Apart from XRP and LTC, of course.

https://coinmarketcap.com/historical/20130818/

I agree you about panic selling.  But is not it the common sheep behavior of small investors.  They are buying only in bull market but selling in bear market; though it should be opposite.  
But if the alt coins are dying never to recover again why there are more than 1600 cryptos trading in markets.  
https://coinmarketcap.com/all/views/all/
So I request please do not spread rumors without proof.

May be some alt coins are dead but it is not going to be a universal truth.  Presently market is passing through bear phase ; once the market looks upward the price of all good coins will start upward journey too.

[turkandjaydee]

Approve or disapprove, it doesn't matter as this is what practically everyone is doing right now.
People panic sell alts, bitcoin dominance grows, alts die to never revive again.

Once the market gets cleared up, whales will start pushing btc price upward again.
This will bring the market to the new stage. New projects and new coins will arise only to die in a couple of years.

Remember the top 10 of coinmarketcap in 2013?
Yeah, I don't remember any of them, too. Apart from XRP and LTC, of course.

https://coinmarketcap.com/historical/20130818/

I agree you about panic selling.  But is not it the common sheep behavior of small investors.  They are buying only in bull market but selling in bear market; though it should be opposite.  
But if the alt coins are dying never to recover again why there are more than 1600 cryptos trading in markets.  
https://coinmarketcap.com/all/views/all/
So I request please do not spread rumors without proof.

May be some alt coins are dead but it is not going to be a universal truth.  Presently market is passing through bear phase ; once the market looks upward the price of all good coins will start upward journey too.

I think that you can profit a lot if you play / trade with the btc dominance pattern.
And also i see that there is always a altseason after the bitcoin movement (when bitcoin going sideways) and it can repeat this year.

[strideynet]

isn't that unnatural?  I think its Creator bought for long-term storage of a few pieces

[turagsoy123456]

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 it depends upon the situations. When I see the price of alts increasing then I must grab the opportunities.  I sell my alts rigth away so that I can gain  a big amount of profits. And when I see the price of btc still in a lowest price I will buy it because I  know that soon the price of btc will back to increased.  This is how I managed my investment in crypto currency's. We have to be smart and wise to gain a success.

[umar22pk]

It’s quite sure bitcoin have potential as compare other alt coins…I will also try to collect bitcoin by selling my alt coins. But I will also try to sell those coins having week projects & have no a bright future, and I will also hold my best alt coins as well.

[Cotton Candy]

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

It depends on what kind of altcoins do you have if that altcoin is just a garbage or just a shitcoin if they may say then sell it and probably buy bitcoins bjt if those altcoins have a future like ethereum litecoins and something like that having performances and being entertained by the people then just hold them it is much better to have and altcoin investment rather than pure bitcoins