Dump the alts

[blokklanc]

It is not 2017 that all coins rising during  the market pump, the investors are much experienced now
and supporting only projects with active development. By institutional investors entering the market
BTC will pump the first and not all the alts will follow. But, selling shitcoins at this point has not much
sense as majority of them are already valueless.

[coin-investor]

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'm selling some of my altcoins after seeing the green but unfortunately, the majority of the coins I'm holding right do not have a market, or on a waiting list to get into the exchange, kinda frustrating, you want to get rid of these altcoins for a profitable one but you just can't for lack of liquidity.

[thorRJ]

I agree in part, even though some altcoins are in green, the value of them compared to the value in bitcoin at the moment does not compensate the sale, some are below the value at which they started in the market = value in btc not in USD

[wedosgibas]

All types of crypto have their own ecosystems and communities, maybe this is an FUD for those who have a weak community, so that it will have a bad impact. But this is also a news of assistance for coin holders who are unclear, which surely there is a party who loses.

[finzyoj]

Hmm, it seems that you are really a pro-btc. Well, that's good for you and for all of us of course because we are now able to have a taste of profit due to this uptrend. However, you can't please everybody to follow your advice. Don't get me wrong, I like your realistic perspective and I agree to you as well but you should also understand that there are investors who are never getting tired of hoarding different coins — some of them are daytraders but the sad fact here is that most of them are careless who easily clicked every time there's a new bait (like ICOs). But whatever their reason for doing such thing, it's not our business anymore. Let's just respect their own decisions and if they fail then let them make their own realizations. By that time I'm sure they already learned their lesson, avoid it committing again thus becoming a wiser crypto holder.

[freedomgo]

Thanks for the concern, but I am not dumping my alts anytime soon.
The marketcap increase due to the main effort of bitcoin, we can easily see that as the dominant rate have increase significantly also.
Altcoins are down even more than 10 times, dumping it now is a bad idea, HODL does not only apply in Bitcoin but in altcoins as well.

[Viceroy]

Of course, you are right, but if you sell some coins without thinking, you can lose a lot of money. You have to think very well before selling any coins.

[MakeMoneyBtc]

Thanks for the concern, but I am not dumping my alts anytime soon.
The marketcap increase due to the main effort of bitcoin, we can easily see that as the dominant rate have increase significantly also.
Altcoins are down even more than 10 times, dumping it now is a bad idea, HODL does not only apply in Bitcoin but in altcoins as well.

The OP was reffering to altcoins that are out of top 15 and I think it would be a good idea to listen to this advice. Yes, hodling doesn't apply only to bitcoin it also applies to altcoins but if we are talking about altcoins that are not very popular the situation changes. Usually is a coin market goes wrong that's not going to change just because bitcoin market is going well.

[scambust]

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'm afraid this doesn't hold true anymore. Years ago, the only main currency pair to trade altcoins was BTC. There was a Litecoin pair but it didn't pan out. Anyway, back then altcoins were exclusively priced in BTC hence holding alts was a great way to multiply your BTC.

But now Tether and other stablecoins are liquid enough that almost all altcoins are now priced in USD.

[South Park]

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 are just stating the truth and it is something that I am thinking as well, superficially it seems all the market is going up but if you are not invested in bitcoin then there is a very high change that right now you are losing money instead, this is what makes this market difficult to understand for newbies, even if your investment is going up in dollars that does not mean you are earning money, there are circumstances like the ones we are seeing right now in which an increase in the price in dollars does not reflect your profits in bitcoin when you are invested in alts.

[SlimShadyMmp]

Best idea is to find coins that have no significant growth yet after their ico ended If there is no major development in their part then my suggestion for you is to find a better coin worth buying and dump the ones that are becoming shiitcoin and the truth is major coins that had potential at the time ended-up becoming so serious disappointments

[Kay94]

Well I would say no. You don't have to dump altcoins just like that. You need to take your time and wait for sometime until prices increase.

[Samuel4]

This strategy is a good one though. It's part of what is making Bitcoin to keep flying high because the more people dump the altcoin to buy Btc, the more the price of Bitcoin goes up

[Mcmich]

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 are right but the problem is that most of those coins do not even have dumping value. Lol.. What's the need dumping a coin just to get $5 or even less.. That's a waste of gas fee if you ask me. The ones with dumping value, hmm.. They can get you regretting why you dumped later.. The thing is, one needs to be careful in making investment decisions now.

[ije07]

isn't the most important thing is how many dollars do you have in your wallet and how many dollars do you have in the price of coins? I prefer that the coin that I have has a high value when the estimate is with dollars not having a high value when the estimate is satoshi because the satoshi value can fall at any time and make the coin look expensive while if we add it it turns out that the coin is only a few dollars

[oktana]

If we have an altcoin that increases with the current price trend, of course we better leave it to BTC and wait until the BTC rises to the highest point, where we resell it to make new capital for trading activities again when prices start to fall because we are definitely understand all that current prices will certainly not last long for sure when there are big sales, selling panic will occur and BTC will also fall so fast.

[cytpoway121]

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 want to agree with you
With the run massive for over few days now and close to 8000$ per 1 btc
It is best to sell all altcoins that haven’t fulfilled or shown glimpses of being solid

[rijaljun]

I agree in part, even though some altcoins are in green, the value of them compared to the value in bitcoin at the moment does not compensate the sale, some are below the value at which they started in the market = value in btc not in USD

Honestly, I can't clearly understand what you said. You are spamming signature, aren't you?
If you mean most of their price are far below the initial price, that's normal because they have no development yet and nothing you can do with those tokens. Would you buy a useless thing for a bunch of money? You wouldn't! that's why their price should be low.

[SlickMoTwoToe]

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.

[OluwaTosin10]

It’s s good idea to let go of the alts
I have such types of altcoin with me but it’s still of no value at the moment
I rather wait then trade them off