Dump the alts

[Gary Levanevskii]

More and more people are afraid to play Altcoins. By this, I think that now is a good time to buy altcoins. The more fear in the market, the better price. Soon, many will regret having sold their altcoins.

[ned.ryerson]

but the fall in altcoins in price relative to Bitcoin is temporary. when bitcoin growth will slow down people will start to buy altcoins and then we will see a bull run of the altcoin market

[jackflag]

It’s what every trader or holder should know that your alts coins suffers when bitcoin is mooning. Also attic care is needed when deciding on alts to hold because majority of them are just there to pick names and space. Never buy any coin you can hold for long term , if you do you will be fine with alts.

Today, when Bitcoin fell quite strongly, as many as 700 dollars Altcoins did not fall further, because Bitcoin distribution is already very high, 57-60%.

[sulis sudibyo]

I'm not here to spread FUD before you start throwing accusations at me. I'm just saying though, Bitcoin is increasing in price, and it's probably a very wise idea to sell your coins and hold BTC at this point. I'm however not referring to alts like ETH, Tezos, LTC and the other solid ones out there. I'm mostly referring to the projects that have not followed the roadmap and didn't manage to deliver and let's be honest, there are plenty. Probably anything not in the top 15 in CoinMarketcap is not worth investing it (with few exceptions).

And apparently, there is some confusion within the community about price increases in CoinMarketCap and people think that everything is going up right now, which is not the case. The green numbers you're seeing in the price page don't represent much. If you click on the coin though, you'll see the price in Satoshi... that's the one that should be increasing.

yes you are right, we have to see the price of statoshi not from usd or eth. maybe it looks green but in fact the value doesn't increase. this increase may be good for bitcoin, but on the contrary the altcoin still has no significant movement this week.

but I will still wait, because the altcoin will eventually rise. it might be good to convert altcoin to bitcoin, but that is very detrimental for now because the price of bitcoin may not necessarily be higher than this.

[StatesManG]

Although you have a point but I don't agree with you on selling off your assets to just hold Bitcoin. That's a very bad strategy where you should  be diversifying your portfolio

[milewilda]

I'm not here to spread FUD before you start throwing accusations at me. I'm just saying though, Bitcoin is increasing in price, and it's probably a very wise idea to sell your coins and hold BTC at this point. I'm however not referring to alts like ETH, Tezos, LTC and the other solid ones out there. I'm mostly referring to the projects that have not followed the roadmap and didn't manage to deliver and let's be honest, there are plenty. Probably anything not in the top 15 in CoinMarketcap is not worth investing it (with few exceptions).

And apparently, there is some confusion within the community about price increases in CoinMarketCap and people think that everything is going up right now, which is not the case. The green numbers you're seeing in the price page don't represent much. If you click on the coin though, you'll see the price in Satoshi... that's the one that should be increasing.

You cant blame people if they would chose up to hold their shitty coins because they do hope for some bull run and those shitcoins they do hold will make them millionaire someday.We have our own mindsets on what we are currently possessing but its really ideal to completely switch up those shitcoins to btc yet we know that the benefits would be more worthy than just risking to wait up for your bag do blow up.
Even I do really have some shitcoins in my bag and still holding them and completely forget those things.

[Wale777]

I'm not here to spread FUD before you start throwing accusations at me. I'm just saying though, Bitcoin is increasing in price, and it's probably a very wise idea to sell your coins and hold BTC at this point. I'm however not referring to alts like ETH, Tezos, LTC and the other solid ones out there. I'm mostly referring to the projects that have not followed the roadmap and didn't manage to deliver and let's be honest, there are plenty. Probably anything not in the top 15 in CoinMarketcap is not worth investing it (with few exceptions).

And apparently, there is some confusion within the community about price increases in CoinMarketCap and people think that everything is going up right now, which is not the case. The green numbers you're seeing in the price page don't represent much. If you click on the coin though, you'll see the price in Satoshi... that's the one that should be increasing.

I agree with you totally about selling off altcoins because ever since bitcoin has picked in about a month ago or thereabout altcoins are just dragging their legs hence no any marginal nor significant growth, even ethereum is bad as we speak, I am regretting putting some fiat into it feeling I should have done btc instead

[okala]

I will say your advice is a wise one but come to think of it this way if you can wait for such a long time before now hoping to see increase in the price of bitcoin and other altcoins then why be in a rush to sale your coins now and to even know they increase is so little at the moment. No one can predict what will happen in the future either our coins will keep growing or decrease. So the best this g for me now is to continue holding and waiting for the altcoins market to recover properly.

[akram143]

Mostly people want to get their income for a bigger investments only so in this situation the Bull Run will make everything to be a valuable investment so we need to wait for seeing the changes in the little valuable investments also then only we can made a conclusion by that.

[SRKNGL]

The majority of the altcoin bitcoin to go out is a lot. That's why the subcoins are all falling. Bitcoin needs to stop for altcoins to increase again.

[Mpamaegbu]

I'm not here to spread FUD before you start throwing accusations at me. I'm just saying though, Bitcoin is increasing in price, and it's probably a very wise idea to sell your coins and hold BTC at this point. I'm however not referring to alts like ETH, Tezos, LTC and the other solid ones out there. I'm mostly referring to the projects that have not followed the roadmap and didn't manage to deliver and let's be honest, there are plenty. Probably anything not in the top 15 in CoinMarketcap is not worth investing it (with few exceptions).

And apparently, there is some confusion within the community about price increases in CoinMarketCap and people think that everything is going up right now, which is not the case. The green numbers you're seeing in the price page don't represent much. If you click on the coin though, you'll see the price in Satoshi... that's the one that should be increasing.

You wouldn't consider Omisego, Lisk, Waves, Walton viable altcoins since they aren't even in the first 30 on the CMC? Or these are the exceptions you referred to?

Actually, I don't think we should dump the alts for Bitcoin. This is even a good time to buy in because alts are normally drawn up once Bitcoin price begins to soar. People should look for those viable use-case altcoins and pile them up on purchase for a good ROI.

[rijaljun]

I agree that most of altcoins price don't reflect their real value. They are all hype and traders don't care about it as long as they can take profit. Real value should come along with development and it's weird to see most altcoins on market are overvalued while they don't have much development or any real use case yet.

[mrdeposit]

Absolutely true, but unfortunately, there are plenty of altcoins as you say on the entire market. Even, those who follow the roadmap do not make it as expected. I think that the situation in the market also affects this, probably it will be better after increase.

[MakeMoneyBtc]

Bitcoin price is going up and so does the price of most big altcoins in top 10 so most people will focus on buying this kind of coins instead of investing their money into projects that don't bring any profits these days and are not safe. So, instead of buying cheap altcoins hoping for a bigger return better start investing in coins that are already safe and trusted even though the profit could not be as high,the risks are smaller.

[pixie85]

There's always a chance altcoins will be following bitcoin as they did in the past and as they are doing now. Altcoins are more volatile and they gain speed with everyday Bitcoin goes up. You could see that big altcoins like BCH followed Bitcoin right away but some shitcoins like SV needed more than a day to start their ascent.

I believe it's worth keeping some altcoins.

[Sartrute]

There's always a chance altcoins will be following bitcoin as they did in the past and as they are doing now. Altcoins are more volatile and they gain speed with everyday Bitcoin goes up. You could see that big altcoins like BCH followed Bitcoin right away but some shitcoins like SV needed more than a day to start their ascent.

I believe it's worth keeping some altcoins.

I agree with you. After Bitcoin shows good growth, then altcoins start to catch up with it. I think that in a few months altcoins will cost much more than they do now.

[Pet240]

It is not a news that crypto enthusiasts are presently hiding bitcoin and are refusing to trade with it. Which is one of the reasons why we see a surge in the price of bitcoin and it seems to be dominating presently. As a matter of fact, it's dominance us on the high side.

[bakulgarem]

for now the market is verging on the movement of Bitcoin which is quite good this month so Altcoin is also green on the market, maybe this is a good start for the future.

[Bitmagister]

In fact, this decision must have been made since the price of bitcoin reached its minimum annual price a few weeks ago, because any movement we make about it, just now that the price has risen so significantly, could be considered as FOMO, a hasty and emotional decision.

It is precisely right now, when the market seems to be awakening after a long critical period, when we must be very cautious is each of our decisions, so I am not convinced that your proposal is the best right now.

[Pet240]

No one will coerce me to dump what I am determined to hold.
I still believe that if I hold 10 good altcoins, at least half of it should be able to perform the purpose it is meant for. At least I should be able to get my profit from them.
The more we start thinking of dumping, the more me miss pur chances.