Dump the alts

[charlop24]

The bull run has opened up great opportunities for all, but majority of the increase we experienced is with btc. I've always heard that when bitcoin increases, most altcoin decrease. But this decrease may not be visible when the value of the altcoin is viewed in its dollar equivalent. Its best to invest more in bitcoin and ethereum in this season.

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[ub27]

You've got good points. Alts will only move up when BTC starts moving sideways. Today I saw a post by Binance to reopen deposit and withdrawal on Tuesday , and many people are of the opinion that it will boost altcoin market. Well, I'm holding a bulk of my portfolio in BTC, and 40% in some cool altcoins which are undervalued presently.

[pandanaran]

Yes we are often confused with the effect of rising market prices or vice versa, we must really be able to understand it if there is an increase that sometimes has a negative impact on other Altcoins.
At present the situation has reversed and Bitcoin has begun to raise prices again after falling for a long time. Make a wise decision because all the assets we have now have a great opportunity to trade.

[VK.point]

I just want to say that this condition is far better than in the past few months. When bitcoin is priced at $ 3300, I had a little panic and tried to sell it. But I did not do it, because I am optimistic that bitcoin will go up and the results are like currently around $ 7,000. I do not know that this good condition will continue to rise or vice versa, but I will continue to survive and expect above the price of $ 8,000.

[dipeco]

Altcoins are going to show their full potential during the next several months. I disagree with you and believe that holding altcoins on such a market could bring you much more benefits than only BTC holding.

[Rapidgator]

Yeeeesss, dump the alts when bitcoin dominance is just spiking higher and higher with not even a healthy uptrend, probably in will continue but in near future there will be more positvity in the altcoins market.

[SMOKEU]

i am hoping that the current market situation is not a trap, this morning bitcoin went up to 7500usd down to  6800 this evening.. selling some alts in exchange to bitcoin is a good idea..

[Little Mouse]

BTC got dumped hugely for sometimes although it has revovered a little. Was it a short time correction? If so, I too think that this is probably the best time to invest in alt because the price of altcoin are low against BTC.

[starmman]

Always safe to have a few million DOGE stashed away for a rainy day though

[Terrmit]

With a strong growth of Bitcoin, in any case, projects that work will grow. Now of course this is not felt but the bull in any case will shake the market.

[Loedong]

That is why the price of coins always changes at any time because between them are always used for investment and trade so that when we see CMC charts in the green zone, it cannot be guaranteed, whenever they will change prices depending on demand and supply.

[dawai asmara]

very wise advice because with the increase in new Bitcoin projects it will also be easier to develop so it is possible to rise differently from coins under Bitcoin, they are related to Bitcoin prices and if Bicoin continues to rise it can make altcoin lose investors because it can make investors prefer bitcoin and altcoin like ETH can go down.

[mickey_miner]

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 do not see the point of selling their altcoins, because they are so much fell in price that I do not want to bother because of such amounts))

[Lizzylove1]

Your advice is valid. If a project has stopped updating their Github, and always give excuses why road map has been delayed, and always post conflicting information, it's time to dump such project and roll with bitcoin, now that bitcoin is correcting. Just look at what happened to Digitex holders.

[Sharon121212]

You probably just want to leave other investors to do there own research because if anything goes wrong and they sell the right altcoins and it does well you might be held accountable.
Bitcoin is the most successful coin but still doesn't mean we should dump altcoins

[exchangestolemycoins]

I wouldn't dump them all, rather go through and decide where to cut your losses. Better to recoup 25% than 0% when the exchange delists the coin before you get a chance to react (*cough* POLO, *cough* BITTREX). Whatever, i shouldn't be holding on an exchange, anyway.

[halpi]

agree with you, lets say goodbye to crypto shit together.
there are many projects that don`t give attention to their words and they put a shade on crypto world.
everyone thinks now that crypto is a toy or easy money, that is all because of such projects

[Akpuv]

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.

This is a major fact and determinant of the actual growth of a new coin or token. Even if the USD price of a coin is increasing and the  Satoshi amount remains stagnant, then the token is not growing because any drop in BTC price is a direct corresponding drop in the value of that token.

[Teawhalee]

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.

[Gozie51]

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

Your advise is nice, I guess you are talking about convert worthless coins to bitcoin but I think this idea is coming rather late to the forum or maybe wise holder of those worthless coins would have taken this action earlier already when bitcoin was still below &4,000. Hence with the price now, a nice profit would have been taken because nobody can predict if this bull will keep on going or it is going back south.