kingplaya4 (OP)
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Activity: 84
Merit: 3
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April 04, 2019, 08:10:07 PM |
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Can't say I proifted much, I paid way too high of fees on the exchanges, lesson learned on who to use and who not to next time. Right now I want to see how this next move shakes out. If I miss out on a big 30% move on some coins, so be it. I will sleep well tonight.
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kindbtc
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Activity: 1008
Merit: 12
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April 04, 2019, 08:12:03 PM |
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For me that is not a great decision i think all good coins have good upward potential from here and secondly holding a diversified portfolio is always better than putting all your eggs in one basket, so maybe you need to re think your strategy.
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Sundaey
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Activity: 518
Merit: 4
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April 04, 2019, 08:39:07 PM |
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One thing I noticed about this whole thing is that bitcoin is meant for the rich ones to hold, I don't see why someone investing less than a thousand dollars on bitcoin and expecting profits like altcoins usually do if not trading. It choice as well no one knows your needs if it might be the reason you convert if possible selling them too.
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BADBITCH
Jr. Member
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Activity: 532
Merit: 6
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April 04, 2019, 08:46:54 PM |
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Can't say I proifted much, I paid way too high of fees on the exchanges, lesson learned on who to use and who not to next time. Right now I want to see how this next move shakes out. If I miss out on a big 30% move on some coins, so be it. I will sleep well tonight.
Dumping your altcoins for bitcoin is not a good move especially when we have green candles flying around But crypto currency is all about choice But next time dyor and figure how advantageous you are gonna be |
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Adriano2010
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April 04, 2019, 08:50:56 PM |
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If the altcoins price will grow more then the bitcoin price then you made a wrong move, also if bitcoin price will not grow and stay stable some period i don't know if you made a smart move, if bitcoin price reach a new ATH then you are lucky.
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10BTCaDay
Full Member
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Activity: 770
Merit: 100
Oikos.cash | Decentralized Finance on Tron
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April 04, 2019, 08:51:17 PM |
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I do not think that now is a good time to sell all altcoins and keep only Bitcoins. so far the situation is not clear.
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cryptjh
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April 04, 2019, 08:59:09 PM |
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I have only made some small trades the last few days but I did sell some altcoins, but I have set up some buy orders so I can buy back the altcoins I sold when their price falls down a few percents in BTC price. I only trade altcoins to earn more bitcoins, so I try to take profit when possible.
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Xardasim
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April 04, 2019, 09:10:40 PM |
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In my opinion, the first step was to evaluate btc. If you paid attention to the first increase of btc, most of altcoins were in decrease against btc. After that, the money begins to flow to the altcoins, which should be the second step.
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cryp24x
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April 04, 2019, 09:50:37 PM |
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Not a wise move I think but it is your coins anyway, you can do whatever you want. What we can do now is to somehow guide some people who are planning to do the same. Do not put all your eggs in a single basket, we need to learn how to manage it through diversification. That was a basic principle in investing, we need to think of a good decision to have a better result.
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CaVO32
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April 04, 2019, 09:53:57 PM |
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If the altcoins price will grow more then the bitcoin price then you made a wrong move, also if bitcoin price will not grow and stay stable some period i don't know if you made a smart move, if bitcoin price reach a new ATH then you are lucky.
anyway, that is his money. whatever he wants to do with it, he's in full control with it. at the end of the day, whatever happens to his investments, it is his sole responsibility to take care of it. he can receive a lot of piece of advice or criticisms, but what's most important is, he followed his own instincts and no matter what happens afterwards, is the outcome of his own decisions. |
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kawetsriyanto
Legendary
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Activity: 2268
Merit: 1117
spinarium.com
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April 04, 2019, 10:04:33 PM |
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Why should we convert all altcoins into BTC? Although the price of BTC is now always increasing, I think that we must be selective on converting which altcoins for Bitcoin. For, there are some altcoins that have very promising future, that is why we can keep them on our wallets and wait for the worthy price and volume on the market by holding.
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Aligab166
Jr. Member
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Activity: 194
Merit: 1
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April 04, 2019, 10:28:45 PM |
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Can't say I proifted much, I paid way too high of fees on the exchanges, lesson learned on who to use and who not to next time. Right now I want to see how this next move shakes out. If I miss out on a big 30% move on some coins, so be it. I will sleep well tonight.
You haven't made such a good wise choice in my own opinion. You should have left your portfolio with the different altcoins. Every coin has its own potential. |
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Westfiled
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April 04, 2019, 10:29:45 PM |
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Can't say I proifted much, I paid way too high of fees on the exchanges, lesson learned on who to use and who not to next time. Right now I want to see how this next move shakes out. If I miss out on a big 30% move on some coins, so be it. I will sleep well tonight.
That's your choice and what should be the problem? i don't even see any problem with it. If you have missed a golden opportunity and then that should to that t take the bitcoin as your safe place. A little correction happened to the bitcoin tonight. |
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jvdp
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April 04, 2019, 10:38:49 PM |
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I am not sure which coin you converted and what is the price changes happening on that specific coins. These all things needs to verify that the before you went for selling bitcoins for altcoins.
Bitcoin has the decent growth in the last few days if the which you sold for bitcoin also needs to bump over bitcoin to match up the profit. If didn't find such profit then you might lose funds but not sure.
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Wittny
Jr. Member
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Activity: 184
Merit: 1
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April 04, 2019, 10:41:34 PM |
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You should have leave the coin In altcoin rather than exchanging it to btc, is better to exchange altcoin to btc only when the particular coin pumps.
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HabiebRiziq
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April 04, 2019, 10:45:15 PM |
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Can't say I proifted much, I paid way too high of fees on the exchanges, lesson learned on who to use and who not to next time. Right now I want to see how this next move shakes out. If I miss out on a big 30% move on some coins, so be it. I will sleep well tonight.
All decisions are on yourself, if the price of bitcoin can continue to increase and reach the new ATH then I think you will benefit from the steps you will take and I think it is better for you not to invest your money in coins that do not have good quality in the market. |
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949miner
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April 04, 2019, 10:56:31 PM |
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its not a best idea to change all your altcoins into Bitcoin. Looking at the current raise in the prices of most cryptocurrencies on the crypto market, some of the altcoins had about 30% increase in its market price. With such increment, the value of the total number of coin will also increase to 30%. You might not get such increment when you change your altcoins into Bitcoin.
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Ifychuks
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April 04, 2019, 11:05:40 PM |
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A lot of TA coming out because of the change in the market. Let's keep watching and see how this plays out. Some will definitely be caught unawares.
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monalia
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April 04, 2019, 11:22:48 PM |
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In my opinion, the first step was to evaluate btc. If you paid attention to the first increase of btc, most of altcoins were in decrease against btc. After that, the money begins to flow to the altcoins, which should be the second step.
Bitcoin is the decentralized cryptocurrency so many peoples are not interested to converted the all altcoin to Bitcoin it is really impossible to possible on forever. May be day traders are enter into long term holding then only this will possible otherwise impossible to happening in crypto market. |
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tabas
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April 05, 2019, 02:33:02 AM |
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One good decision of converting your alts back to BTC. If you are depending your whole life with altcoins and you don't hold bitcoin, you need to re-decide and start getting some bitcoin while they are considered cheap if you're living with the 2017's craze. But if you hold a great amount of BTC and you have alts to hold, it's still a good portfolio afterall, don't let it pass that you don't have bitcoin on your stash.
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