Why are you selling your altcoins so soon?

[Almasani]

I here and see that a lot of people are selling their altcoins for this reason or for that reason. In some cases I here that people are even spending their altcoins to buy Bitcoin. Now that one really has me confused. To me it’s way to early to be selling your altcoins. It’s like selling an original painting before it even gains in value or while it is still gaining in value. What smart investor does that unless they are selling out of fear or because they are desperate. For me I am holding all of my coins for now because it is way to early to even think about selling your altcoins; what say you?

It's true as you say, that many sell Altcoin because of disappointment, drop prices, small trading volumes, and various other reasons. But if they sell Altcoin and buy Bitcoin, they still have the same value, no more than that. Now is the time to sell Bitcoin, because the price is very high, not when buying. This is my opinion. The time to buy Bitcoin has passed. We have wasted the opportunity when the price of Bitcoin was $ 4500. Now the price of Bitcoin is above $ 10000.

[travwill]

I have asked several people and they answered "I am taking profits not from long-term investments but I take a lot of advantages from short trading"
in my opinion there is nothing wrong with them because they look at different points of view in essence they sell their altcoins to make a profit
maybe for some people if too many people make a sale of altcoins in large quantities at the same time it will greatly affect the price so that it can harm some parties who do HODL

For this and last year, it was possible to make a profit only according to the above stated strategy. Very few projects ultimately remained afloat. I regret that I did not use a number of opportunities and did not sell my coins in time.

[elpiji]

only sell early because now it's very difficult to predict prices and most coins will experience price declines when they have been listing for several days, besides that I also want to look for profit when the price drops because with me buy back can get more tokens

[mbluxs]

only sell early because now it's very difficult to predict prices and most coins will experience price declines when they have been listing for several days, besides that I also want to look for profit when the price drops because with me buy back can get more tokens

as you say indeed the altcoin condition is currently not improving, and of course the altcoin price is difficult to predict. moreover, many people are not sure enough about the current increase in altcoins. so of course the altcoin is having an anxiety.

[Googlee]

Actually nobody want to sell his altcoins low price.And it's very difficult to predict so some body think after long time it's price can go under that's they sell their altcoin and someone sell his altcoin early for need urgent money.

[kr105]

For me the reason is simple, i think many altcoin are not worth to hodl and wait. Some people prefer to hold only the reliable altcoin. I am also one of those who transfer their altcoin to BTC. I like to collect Btc as much as possible.

[Kay94]

Actually, I believe no one wants to sell off his or her altcoins at a low price but cryptocurrency is unpredictable. You can waste your time holding a coin which may be worthless.

[darkangel]

the reason I personally sell altcoin is because most altcoins are difficult to maintain the stability of their prices, besides that they find it hard to raise prices again when they experience a dump. This is a common reason, and many traders do this to avoid the risk of loss.

Stability is a general problem in cryptocurrency. Assuming you hold the top 20 altcoins, you will still have to face the issue. The best is to learn how to take advantage of the instability and make profits from them

[Delilonia1]

I dont think there is any harm in selling your altcoin as long as it will fetch more fortune in the future as long as one is patient

[MidnightWolf]

I noticed such a tendency in the cryptocurrency market that old projects are developing very poorly and practically do not rise in price after falling in 2018.  But If you look at some new projects that have been working since the beginning of 2019, they are already showing really good results.  From this we can draw certain conclusions.

[emberbekas]

For me the reason is simple, i think many altcoin are not worth to hodl and wait. Some people prefer to hold only the reliable altcoin. I am also one of those who transfer their altcoin to BTC. I like to collect Btc as much as possible.

As soon as the alts we've got from bounties or airdrop hit the market and have relatively good values, some people prefer to sell it and convert it into bitcoin or into a reliable alts such as ethereum. Having too many coins in a single wallet will require us to keep up to date with the development of each projects which sometimes can be a boring thing to do.

[Turk Ace]

I like to keep my portfolio neat. I sell during highs and try buyback during lows. I always buy back though that is the secret. Then you can keep the investment going for months even years. Just make sure you sell when the price is worth it to you and not what it's worth as a total. Use your own references so you might sell when it is too low for others buy you bought for less.