Sell All Altcoins For Bitcoin?

[jerry0]

I bought altcoins a while back. Example coins such as waves and powerledger.  I also have bitcoin cash from the fork etc. 


I bought altcoins back then thinking hey if btc goes up, altcoins will go up more.  Of all the altcoins i ever bought, not one altcoin I have is higher than the current price i bought it at.  Every coin i bought whether it was the huge bull run or before it, such as waves, I'm down money.  Well technically not down as most of these coins, i just hold.  I did sell some though.  The only coin i did buy that is up now is litecoin... but i have none of that now because i sold those a while back.  That's right the one altcoin i sold would be in profit now. 


Also if you look at the prices with bitcoin, its like many of the altcoins i hold, they are not even going up compared to bitcoin at all.  They are either same price or dropping.  Does anyone here think its best to sell all your altcoins for btc?  I heard tons of things about waves.  Yet nothing happening to the price except going down.


Also when i say altcoins, i know it means every other coin but bitcoin.  But i mean specifically like those altcoins that are not in the top 20.  I mean when you look at ETH, bitcoin cash, litecoin, i think these are legit as prices correlate to btc price.  But if you look at those altcoins especially that is not in top 50 for example, many prices have dropped.  I bought coins where price is still down 90% or so.


Now if you say yes, what about bitcoin cash?  Or say bitcoin sv or bitcoin gold? 


Because the more i think about it, if cryptocurrency goes up very high, well it seems like there's only a few coins only that could do that?  Thus bitcoin, litecoin, eth, bitcoin cash, dash, monero or say bitcoin sv?  I heard ripple is centralized so can't imagine it being the standard.  I mean if there were only 3 coins left... what would that list have to be?  I would figure its bitcoin, bitcoin cash and litecoin.  If i had to include a few more, probably ETH and Dash.


I back then also wanted to get coins like funfair, edgeless and a few other altcoins.  But now when i look at it, isn't it basically throwing money away?  I think if i were to buy more crypto now, the only coin i would buy is bitcoin, litecoin or bitcoin cash.  Maybe dash and monero. .


Thoughts on all of this?

[monalia]

Strategy and what you have done seems really good. But still I am confused why we need to put all our money in Bitcoin only.

When you just comparing current market Trend you might have such thoughts but we always need to have future focus while we are going to invest in any cryptocurrency. Bitcoin cash, Bitcoin satoshi vision and some more forked coins are there but 800 when that coins also not apt for long term investment.

[Mr.Zero]

people here have a different strategy and always use the feeling every decide what the next move in cryptocurrency.
if you think if sell all your Altcoin and buy Bitcoin is the best way for you that is not the problem.
you are free to choose what you want to do, because in the next we can know's what will happen.

[Carollzinha]

I would not invest all my money in only 1 crypto, doesn't matter if I have 1 or 100k USD to invest and doesn't matter if it is only Bitcoin or any other altcoin.. the best option is to vary the most you can in your investments and always keep in mind that (normally) when Bitcoin prices rises most all the altcoins prices will rise as well

[klaaas]

There are fine projects outside the top100 that only need awareness to make traction and reach bigger fiat volumes. With all the coins out there at the moment it is hard to spot those.

[Dreamchaser21]

I know bitcoin will go to the moon but i also believe on top altcoins because they are good to pump as well. I will not go all in for bitcoin, because i have to earn as much and through diversification it can be possible so better to invest more on many coins.

[tweetbit]

I do understand the feeling having accumulated tons of altcoins in my past 2 years as a crypto holder but don’t get me wrong. Your strategy work if you want to take the much easier path and not having a higher risk investing. As always said: diversifying investment is the best way to gain more. Look for altcoin that stands out from the rest and waiting game in crypto is worth it like bitcoin when it was still started.

[creeps]

If you think bitcoin can move faster than the altcoins you’re holding then I think this strategy will work, though its high risk investment so the decision must come to you as always. I personally hold some good altcoins, and diversification works to me so there’s no need for me to sell all of my altcoins just to invest on bitcoin.

There are fine projects outside the top100 that only need awareness to make traction and reach bigger fiat volumes. With all the coins out there at the moment it is hard to spot those.

That’s why we have to do research before investing, its not that hard if you want to put your money on safe and profitable investment. That top 100 coins moves differently and most of that coins already pumping.

[kabit9]

Firstly, let's be clear - when you say altcoins, what you really mean is shitcoins!

Secondly, I would tend to agree 90% with your hypothesis and my personal portfolio reflects that ~90% BTC.

There are a few (think needle in the haystack) projects with potential such as Monero and Grin but overall we are plugging through a vast universe of shitcoins!

This hypothesis of "top 10" and "top 20" is such a flawed metric as you have dogecoin and tron in the top lists but they are hardly worthy investments.  Forget all these 'top lists' and DYOR!

[omonuyak]

I know bitcoin will go to the moon but i also believe on top altcoins because they are good to pump as well. I will not go all in for bitcoin, because i have to earn as much and through diversification it can be possible so better to invest more on many coins.

Some of the altcoins are not worth investing currently and you should put at list around 97% of your holding in bitcoin and very few in other coins. If anything should happen to cryptocurrencies market today bitcoin will be the last coin to die and that is why it is still wise if one decided to keep all his income in bitcoin.

[Free1bitco.in]

Seeing the rise in bitcoin prices is happening faster than the altcoin, making me think that way. it's just that, I feel that in the near future, the altcoin price will definitely rise. however, this applies to coins that have no potential. maybe I will sell coins like that for bitcoin.

[VanDeinsberg12]

It's too late dude. Remember this time bitcoin has already traded above 9k and i can say if that will give you a big risk when you are putting all of your altcoin to the bitcoin. I have converted my altcoins when it was gaining a big momentum against the bitcoin pair.
But you can try to put some altcoin then convert it to bitcoin to anticipate the ATH that may come next years. But be careful because this is a big risk solution.

[TopT3ns]

See price now, maybe i will regret not sell my altcoins early. Because it means when i sell it in good bitcoin price, and bitcoin price increased after that, i will get more profit from it. If i be you maybe i will really research where bitcoin price will go in future before take a decision.

[sanida]

Lets say if you invested your money on bitcoins after selling all of your Altcoins the risk that you gonna lose all your investment is so low on my own understanding. because Bitcoin today is having the best market since last year's bearish trend. so If you do this there's no harm on it because you can still catch up on this semi-Bull run.

[Thanasis]

Its just the transfer or risk but still the strategy is good as long as you are holding the bitcoin in long term.And me personally don't believe on any forked coins or coin with the ame of bitcoin on it,there are some unique projects got less attention and value as of now which might turns into huge valued coins once people understand them.

[btc_angela]

Calculate how much you are going to gain with the current price of BTC. That's why I don't understand why people are really diversifying lots of shitcoins in their portfolio. And now since BTC has started to run again, all of the sudden they frantically wanted to move everything in BTC., just saying.

[jossiel]

I'm thinking that it's the best to sell your alts for bitcoin if you still don't have bitcoin. But if you have bitcoin already, it's best for you to expand in some other coins whom you think is plausible and accurate to your investing style.

I have never lost when I held bitcoin before and after the bull run, I managed to survive the bear market and until now, thank goodness that I'm still holding it. If you are confident with what you are investing you won't put much stress to your assets.

Diversifying is good but if its too much, I don't think it should be fine.

[Cnut237]

It's difficult to decide when to switch between alts and BTC. If you time it right you can gain hugely, but time it wrong or leave it too late and it can be frustrating.
I think probably a lot of people who have money in BTC are starting to think about moving to alts now rather than the other way around, but I might be wrong. History does suggest that a big BTC rise is often followed by a big alt rise, so there is agood chance that alts may outperform BTC in the near future.

[rez303]

 If you don't have a lot of investment knowledge and rely only on news to invest, then you shouldn't invest too much in altcoins outside the top 50. because they're quite risky.
For safety, you should sell all altcoins and buy Bitcoin and ETH or LTC. It's 3 awesome coins in 2019 and its value can help your capital increase to more than 300% - 400% if you hold to Q1 of 2020.

[herfie.chen]

Every investment have a risk, just focus to the coin that you want, that's what you have to do. Sell all altcoin for Bitcoin is a good option, because Botcoin price is rise in the past few days.