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Author Topic: Have 1 BTC in alts should I transfer all to BTC  (Read 469 times)
rachellee
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May 08, 2019, 02:52:40 AM
 #41

Definitely no! You shouldn't convert all your BTC into alts. Always make it half. Bear in mind that bitcoin is still the king, and if you have any dilemma that it will soon die, so must all altcoin 'coz they are correlationally proportional to one another. Always leave some funds in BTC to be safe. Look at its history. Whenever bitcoin goes wild, it really soars, and no altcoin can chase it.
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shesheboy
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May 08, 2019, 03:12:14 AM
 #42

The price of bitcoin from the past months was at $3,000. If you have that doubt with altcoins, it's better if you have sell all of your altcoins back then and then bought 1 bitcoin when it was at the lowest price.

that was from the past but now we are now on the present and the current value of bitcoin now is already at 5.7xx k usd but still even if the value of bitcoin was cheap i wont still suggest to the op that he converts his btc to alts because btc still got the highest value among other coins and its guarantee that btc can recover and pump compare to other coins out there  .

if he trully want to buy alts then he should buy it using his own cash or any other funds as long as he dont touch his existing bitcoin invstments  .
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May 08, 2019, 05:47:29 AM
 #43

Definitely no! You shouldn't convert all your BTC into alts. Always make it half. Bear in mind that bitcoin is still the king, and if you have any dilemma that it will soon die, so must all altcoin 'coz they are correlationally proportional to one another. Always leave some funds in BTC to be safe. Look at its history. Whenever bitcoin goes wild, it really soars, and no altcoin can chase it.
well, I would suggest selling according to your needs. but if that's the thing you want to put together all the funds you have, I think there's nothing wrong, seeing the current development of bitcoin is really very good.

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May 08, 2019, 06:45:17 AM
 #44

It sounds like you are trading intermediately or as a swing. It's hard to predict this market, but generally the alts perform better during bull markets, and bitcoin tends to lead the charge and be more stable. While you may gain more percentage-wise with the alts mentioned, bitcoin is more of a sure bet according to many analysts. It's really up to you, because there is always a chance bitcoin may take up a greater percentage of the total market than previously due to investors fleeing to safety. No one can give you the right answer, because the market is too uncertain.

Well, have that much potential, but since you have 1 BTC, I think, the better move is to allocate some of it into altcoins that have a good chance of making a good run when the market changes like Ethereum, for example. It has been showing good changes and increases in the past several months, and since its value is not as high as before, it can be a good option to be bought in bulk and to gain a lot of return from when the time comes. However, I only suggested a part because Bitcoin is still the most reliable coin out there.
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May 08, 2019, 06:53:54 AM
 #45

Already you decided that bitcoin is not going to hit $100K or more then no point of converting your alts into bitcoin but I wonders why do you feel like that,bitcoin was evolved from nothing and hit $20K in less than a decade so in the next successive bull run we are going to see the price of bitcoin more than $20K at least so I will convert it into bitcoin but for you,just decide based on your opinion.

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