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Author Topic: sell bitcoin to buy fiat or altcoin?  (Read 15826 times)
lamadu3
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August 06, 2018, 04:27:11 AM
 #141

The fiat value of bitcoin doesn't really matter when trading alts in the current market. Always comparing vs fiat was one of the mistakes I made when first getting into this. Trade alts to increase your bitcoin holdings, because bitcoin will always, eventually, return to its ATH (if not higher) if you can wait a few weeks, or months at most. So you can use bitcoin's ATH to calculate the medium-term value of your holdings when you need an emotional boost.

If I have to make such a choice I would better pick altcoin. I do not see any sense in buying fiat if you are going to trade. You will still need the money for it.
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Siren
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August 06, 2018, 05:35:45 AM
 #142

We all always seek profits in cryptocurrency trading, if the price of bitcoin soars, will you sell it to buy fiat or altcoin? If you buy altcoin, what is the altcoin that you will buy?

This is the matter of daytraders and long term holders

Daytraders should sell all bitcoin when dropping because they need to earn in short time so altcoin will took over for the profiteering to happen,and about what coin to buy?it depends on what made you choose

Long term holders can stand this crisis and can patiently wait until the price of bitcoin recovers and back to its shape
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August 06, 2018, 08:41:32 AM
 #143

We all always seek profits in cryptocurrency trading, if the price of bitcoin soars, will you sell it to buy fiat or altcoin? If you buy altcoin, what is the altcoin that you will buy?

This is the matter of daytraders and long term holders

Daytraders should sell all bitcoin when dropping because they need to earn in short time so altcoin will took over for the profiteering to happen,and about what coin to buy?it depends on what made you choose

Long term holders can stand this crisis and can patiently wait until the price of bitcoin recovers and back to its shape
Good remark about Daytraders and holders. Well BTC is really good thing and if you have it don't sell anyway. If you have fiat money and want to buy some altcoins, sure why not. But if you're not trader don't sell BTC and buy altcoins. I don't think that this is good decision to sell BTC anyway.
Don't forget that crypto is very manipulated market and trading here is very hard, especially for newbie.

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August 06, 2018, 08:51:19 AM
 #144

Why sell bitcoin now as a good price for it, the more it gradually begins to creep to the top and the limit of its growth is not yet known and only growth is ahead

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August 06, 2018, 09:01:59 AM
 #145

In my opinion, you should buy altcoin, because altcoin prices are constantly falling, so buying them now is too much, they will grow again later this year and you will become rich
kulas
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August 07, 2018, 01:41:36 AM
 #146

I would sell half of my bitcoin to fiat and half of it on altcoins I like. I would buy three altcoins and wait for it to grow. There are altcoins that got huge growth within a few months only or a year, with better knowledge you can pick a good altcoin.
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August 08, 2018, 11:53:14 PM
 #147

When the market begins its recovery bitcoin is usually the first one to grow. Therefore, I would recommend everyone turning btc into altcoins on the wave of growth.

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August 09, 2018, 12:01:02 AM
 #148

we all invested on good and promising altcoins that we believe is the best coin.
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August 09, 2018, 01:01:12 AM
 #149

Even if the price of bitcoin becomes so bad and continue to decrease, instead of selling I prefer buying at that time. The case would be different if it's altcoin, I think I would sell it. The reason is I believe the capability of bitcoin that someday no matter in any condition, bitcoin would find a way to rise. And I never use my chance to buy fiat from the selling the bad price of bitcoin.

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August 09, 2018, 01:10:11 AM
 #150

At this time, both bitcoin and altcoins are very undervalued in fiat. Therefore, instead of selling, it is time to buy both bitcoin and altcoins with fiat.
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August 09, 2018, 08:32:22 AM
 #151

If you sell Bitcoin for fiat now, you will lose. It will be better to find an exchange with the best rates and sell BTC there to get altcoins. I would choose Gladius, IOTA, OmiseGO, Qtum, and Komodo.
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August 09, 2018, 12:06:38 PM
 #152

too stupid step in my opinion, I believe in bitcoin and I think in a short time everything will be good so you need to gain patience
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August 09, 2018, 12:55:17 PM
 #153

We all always seek profits in cryptocurrency trading, if the price of bitcoin soars, will you sell it to buy fiat or altcoin? If you buy altcoin, what is the altcoin that you will buy?

I would choose to the other side and that is selling altcoins to buy bitcoin,or use fiats to buy bitcoins in this dip...i have sold my two altcoins already and planning to sell another one to buy bitcoin again.i believe that this is the buying time because the end year is coming and i guess that when the BER months come and then the prices will go up again
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August 09, 2018, 01:01:24 PM
 #154

In my case, I sold altcoin then hold on to bitcoin.Instead of converting it to fiat, I do the other way around, convert fiat to bitcoin while the price is low.

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August 09, 2018, 01:10:44 PM
 #155

I have been playing the role of a trader. If bitcoin goes up, I might sell it, but I won't sell him as cash, but use it to buy other coins because I won't leave the market!

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August 09, 2018, 02:08:10 PM
 #156

We all always seek profits in cryptocurrency trading, if the price of bitcoin soars, will you sell it to buy fiat or altcoin? If you buy altcoin, what is the altcoin that you will buy?
Probably you are not going to leave crypto for good.
Then it all depends on your abilities as a trader and the situation on the market.
The tool that you will use is not important  Cheesy
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August 09, 2018, 02:50:02 PM
 #157

At the moment I am thinking about XLM and TRX, both of which are potential and will increase strongly, I believe. Their prices are low
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August 09, 2018, 03:03:49 PM
 #158

In my case, I sold altcoin then hold on to bitcoin.Instead of converting it to fiat, I do the other way around, convert fiat to bitcoin while the price is low.

that is the good move it is better to put your money in crypto investment specially if you will put your investment to bitcoin because if you sell it already and convert it to fiat then you will not be able to stake your money once you sell it the value is fixed unlike when you put in investment there are lots of chance to have a good value.
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August 10, 2018, 08:40:53 AM
 #159

If you decide not to hold the BTC and sell to invest in other areas should choose to convert to fiat. That is the best and safest way for you, can not choose atlcoin because altcoin is now quite risky.

The guy is going to trade. It will be better for him to deal with the altcoins, not with fiat. In any case, he is supposed to exchange traditional money for the crypto. That is why alts is the better choice.
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August 10, 2018, 08:50:49 AM
 #160

If I can make enough money, then I will only buy Bitcoin and save it. I don't think there are any coins in the current market that can surpass Bitcoin!

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