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Author Topic: Dump the alts  (Read 1708 times)
profitgenerator212
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May 13, 2019, 11:14:45 PM
 #81

I will strongly advise against dumping alts especially if these alts are in top 50 position on coinmarketcap. This recent bullrun by bitcoin is an indicator that that there's more to come. I rather load some alts and wait for alts run


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May 13, 2019, 11:19:36 PM
 #82

Agree with this the market start recovering now so better invest in bitcoin it was for long term, if you are going to buy alts it was for short term never hold alternative coin in long term because when the bitcoin start spiking alternative coin would go down.
if we are going to invest in Altcoin, of course we must be smart in choosing it, and there are still many Altcoin that can grow and be profitable.
indeed Bitcoin will be profitable and he is a good coin but we also need big capital to buy it, so we must be able to determine which one to choose.
the market is now starting to look better, if Bitcoin rises, most Altcoin will also increase.

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May 13, 2019, 11:21:10 PM
 #83

I see many of altcoin has got down, but I am not sure if many traders dump their altcoin to get bitcoin back and then sell the bitcoin to get fiat.
Maybe some of them has already sold their altcoin in the loose conditions because they cannot wait for a while or cannot be patience.
But when some of my altcoins can increase higher, I will sell all of the amounts to back to bitcoin and wait for bitcoin price to increase higher so I can sell bitcoin to make a profit in fiat.

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May 13, 2019, 11:30:47 PM
 #84

I see many of altcoin has got down, but I am not sure if many traders dump their altcoin to get bitcoin back and then sell the bitcoin to get fiat.
Maybe some of them has already sold their altcoin in the loose conditions because they cannot wait for a while or cannot be patience.
But when some of my altcoins can increase higher, I will sell all of the amounts to back to bitcoin and wait for bitcoin price to increase higher so I can sell bitcoin to make a profit in fiat.
good strategy, sell Altcoin with high prices and results to buy Bitcoin, but don't get it wrong time, because maybe Bitcoin will increase higher when you sell Altcoin.
but not all will throw Altcoin, because they can make money also from Altcoin, so not everything is bad and there are still many that can be profitable.

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May 13, 2019, 11:38:01 PM
 #85

Bitcoin prices are on the rise. This is followed by the price increase of some crypto currencies. But not all prices of crypto currencies rise. There are still some crypto currencies whose values are still static. Therefore, we shouldn't sell our altcoins directly if we don't know the movements. If we want to sell then we should sell at a price that is quite satisfying and in accordance with our expectations. We must be smart in analyzing each coin movement that we want so that we are not wrong in choosing a trading strategy.
ghermghuda
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May 13, 2019, 11:41:47 PM
 #86

Hehee...and one funny thing is that immediately you decide to that, ALTs may unexpectedly explode and one may feel rekt. Well, as they say, you only lose when you sell. To me, I believe ALTs can make a comeback and hence I'm not dumping my holdings. If I didn't in 2018, then I'm not doing now!

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May 14, 2019, 12:52:19 AM
 #87

I agree with you and i think with current market conditions and btc flying its better to hold btc or at max eth only because these two will be the first ones to boost when market sees increasing volume and fomo.

Yeah, and in this situation we will going to wonder if someone will going to really stick to their altcoins and not gong to sell to bitcoin. Just remember, people will always support a crypto where other people are making hype on it. Just follow the trend, nothing negative it can imply. Just leave our altcoins behind for a moment.
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May 14, 2019, 01:18:03 AM
 #88

I will not waste the alts that I have held today even though the value of the price of bitcoin and others have again raised the price, because even though I sell my alts at the current price I still have a lot of losses, and all that will worsen the altscoin price in the market , although many altscoin have not moved up the price, I think that I will again choose and buy an altcoin that I think will be able to rise in price again.

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May 14, 2019, 01:46:28 AM
 #89

I agree with you and i think with current market conditions and btc flying its better to hold btc or at max eth only because these two will be the first ones to boost when market sees increasing volume and fomo.

Yeah, and in this situation we will going to wonder if someone will going to really stick to their altcoins and not gong to sell to bitcoin. Just remember, people will always support a crypto where other people are making hype on it. Just follow the trend, nothing negative it can imply. Just leave our altcoins behind for a moment.
Our altcoins will have its time to pump, let's enjoy what bitcoin is doing now, the money is pouring on bitcoin now but when more and more money will come and join the party, our altcoins will be the next target. Just like the past, bitcoin will lead the show then altcoins will follow.


We have to be strong to hold, where's the faith? apply HODL because we are in crypto.
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May 14, 2019, 02:25:00 AM
 #90

Now all attention is drawn to the BTC.  People again think - like in 2017 - that it will cost $ 100,000.  Therefore, the season of altcoins comes a little later ...
lyks15
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May 14, 2019, 02:31:49 AM
 #91

I am agree with your idea. All we see the progress of bitcoin compare to altcoin. I think it is more practical to sell your alts and start to invest and hold bitcoin. Many experts and blog says that bitcoin will hit up to $10k this year and I have no doubt that bitcoin can do that if we based on the number of investment and number of merchant that are now accepting bitcoin.

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May 14, 2019, 02:36:02 AM
 #92

Now all attention is drawn to the BTC.  People again think - like in 2017 - that it will cost $ 100,000.  Therefore, the season of altcoins comes a little later ...

on the year 2017 the price did not climb 100k usd but the highest bitcoin price that time was only 20k usd  .  100k usd is i think nearly impossible but if ever the prices crosses that high then i think it could take a long time maybe 30 to 50 years later  .

 altcoins on the other hand may come a little late because like what you said , people are foccusing too much on bitcoins and we can see that bitcoin is still growing quickly  .
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May 14, 2019, 03:29:40 AM
 #93

the bitcoin market is heating up investors are eager to pump up the market. maybe in some alt coins it was greatly affected by BTC price continued to
increase 24% this day and many Alt holders were interested in switching to BTC. however the ETH market is also quite good now pumping up to 7%,
incoming investment on BTC market not only from liquidating alt to btc but many Fiat funds investment entering BTC market,
make the price grow up more time by time.
TechComputer
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May 14, 2019, 03:55:36 AM
 #94

If you dump the alts, then it would be easier for bitcoin to get pumped due to the people moving their investment from altcoin to bitcoin.
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May 14, 2019, 04:03:08 AM
 #95

I know what you mean OP, based on the coinmarketcap, bitcoin has a big increase so far in crypto market. Altcoins like ethereum, bitcoin cash, litecoin and other altcoins also increase but not as much as bitcoin. If you want to get maximum profit then choose bitcoin like what OP said.
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May 14, 2019, 04:34:02 AM
 #96

I know what you mean OP, based on the coinmarketcap, bitcoin has a big increase so far in crypto market. Altcoins like ethereum, bitcoin cash, litecoin and other altcoins also increase but not as much as bitcoin. If you want to get maximum profit then choose bitcoin like what OP said.
for me this opportunity will exchange bitcoin to altcoin, because it hasn't started bullrun yet. so that you will get more profit. but indeed if you choose a safe one you can faithfully invest in bitcoin
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May 14, 2019, 04:48:12 AM
 #97

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.
Failed or stray projects are a no go, 100% support this!

Quote
Probably anything not in the top 15 in CoinMarketcap is not worth investing it (with few exceptions).
Top 15 I beg to differ!
The opportunity to profit from the top 100 is there and FYI we have over 2000 coins and still counting,you wouldn't want to limit yourself to the 15 because there are plenty of great projects out there which are doing fine.

Quote
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 will go will what I have always known, anything showing green means its gained and doing well.
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May 14, 2019, 04:51:14 AM
 #98

I will strongly advise against dumping alts especially if these alts are in top 50 position on coinmarketcap. This recent bullrun by bitcoin is an indicator that that there's more to come. I rather load some alts and wait for alts run
I really agree with your opinion, don't waste altcoin because the price will rise soon. Secure investment in altcoins that have good prospects such as Ethereum, Litecoin or BNB, I am sure profits will be obtained soon.
Until December 2019 I predict the altcoin will continue to rise in price, because bitcoin as a crypto driver is experiencing a significant price increase, so the impact is also felt by altcoin.

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May 14, 2019, 05:15:14 AM
 #99

Not all altcoins have decreased with the increase in bitcoin, at least my advice is that you keep holding altcoins, because this increase in bitcoin is not every day, surely someday prices will drop back and altcoins will rise.
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May 14, 2019, 05:15:38 AM
 #100

I partly agree with you, this is the time to dump everything, alts, wives, kids, houses and even your mother to buy bitcoins!!!

And that dump happened since bitcoin experienced a big pump. I have seen a lot of waste on the stock exchange since then, they flocked to buy bitcoin. But the situation will not be bad for too long, but it will return to following the current bitcoin trend.
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