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?

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[rachman mahesa]

I think this strategy or step is not right, Move all altcoins to Bitcoin. Actually it's good if you want to have bitcoin assets, but it's better to share a few percent for altcoins and the rest for Bitcoin. If for all, it might be profitable and even possible to suffer losses.

[casperBGD]

i do not prefer BTC on altcoins, but not all altcoins, i am hodling ETH, NEO, IOTA, and from small caps VIDT, ISR, REPO, i think that in the long run, if development is on the route these will be better options to hold than BTC in term of profit

[sorrros]

Sell your altcoins only if the price of altcoin in BTC is higher than the price was at ATH price to prevent the loose. But currently only Litecoin or BNB fulfill these requirements. 

[jaywizzy]

Am not in support of that in selling of altcoin for bitcoin because I believe some of the the altcoin you are holding now is going to be a greater asset for you in future.

[Mila52]

If I had this opportunity, I would sell all the coins that aren't in the TOP. But the problem is that simply no one buys them. What should I leave? This are  BTC,ETH, EOS

[Lafomamone]

Am not in support of that in selling of altcoin for bitcoin because I believe some of the the altcoin you are holding now is going to be a greater asset for you in future.

It depends on which strategy you will use if you are a long runner then just wait for your moment...

[serjent05]

I also bought waves on its peak, and sold them at a lost.  One thing though, if you believe on the project and does not need money badly, hodl.  Patience always gives a better reward just make sure to be always updated.

[10c]

too many questions, but I will answer one. if I could buy only three coins, then I would buy bitcoin, eos and some other one of the top 100-200 coins. it would take more time to select the third coin

[CryptopreneurBrainboss]

I won't advice you sell all your Altcoin for bitcoin but majority of your bags should be in bitcoin. The only reason most altcoin moon is because after a successful mooning season with bitcoin, short term investors in their numbers takes profit and buy some altcoin now that won't be the case this year and if you had done some research or have some experience in the crypto-ecosystem you would had be aware of this by now. I call it the halving effect.

Bitcoin majorly will be making the headline (price gain) for a while might be until a year or two after the halving event then the altcoin season will kick in. I'm not saying altcoin generally won't experience gains during this time, they'll but much attention won't be given to them and only selected fews will benefit. The focus right now is on bitcoin and Litecoin due to the halving effect.

This days when I consider investing in altcoin generally i try to invest in unique altcoin that or that'll actually have a utility purpose not just price gains. so if I was to suggest some coins I'll suggest you get your hands on some bitcoins (majority), Litecoin's and possibly DGTX (long term) then maybe put some spare funds in other projects based on your research. Not a financial advice though.

[Wend]

For ill think that was not a good idea for now because some altcoins are in dip price, So if we change to bitcoin maybe we can get only a small amount of btc. But it depend os us if we want change it or now and if the altcoins we have is going become a shitcoins juts change it to btc before its to late.

[bitsurfer2014]

I think it would be ideal if you could diversify your portfolio as much as possible and not put all your funds in one asset only. This practice protects your investments from the high volatility of cryptocurrencies including BTC. We should also remember that some altcoins are very promising and has technological features not found in BTC which is the reason they are attractive to most members of the crypto community. Imho.

[Herbert2020]

well here is the deal  that has been happening for many years:
- if you are investing in bitcoin and want to have more bitcoin:
then investing in altcoins is a foolish thing because altcoins in long term have always lost value against bitcoin. so for instance if you invest 1BTC in altcoins, in a year that 1BTC can turn into 0.3BTC with a 70% loss.
in short term however, they are excellent as long as you are OK with pump and dumps. you can invest 1BTC in a shitcoin that is getting pumped and get 10BTC out (with a high risk) in less than a day.


- if you are investing your fiat and want to have more fiat:
then investing in altcoins is still a bad idea but not the worst thing. historically all altcoins drop in very long term but some of them in medium term can keep their USD value. for example if you invest 1000$ in altcoins you can turn that into $1400 in a year but the problem is that you are missing out on bitcoin rise meaning if you invested that $1000 in bitcoin then it would have turned into $2000 at least.

for example take ETH that people are so hot about for some reason that i can never understand! and compare it with bitcoin:
this year bitcoin has gone up from $3500 to $9000 and
ETH this year has gone up from $150 to $270 meaning from 0.042BTC to 0.028BTC
now imagine you invested $1000 in bitcoin. that would have been 0.286BTC which is currently worth $2500+
if you invested $1000 in ETH, that would have been 6.66 ETH which is now worth $1700+ that means you could have missed $800 just by making a bad investment. which is why i said it is not the worst idea.
BUT if you bought bitcoin (0.286BTC) and invested THAT in ethereum that would have given you the same amount of ETH (6.66) which is currently translates into 0.18648BTC.
in other words if you invest your bitcoin in altcoins you LOSE money because your 0.286BTC investment is now 0.18648BTC which is missing about 0.1BTC of it which is a 35% loss


now the funny part of all this is that most people do exactly that. they buy bitcoin with their fiat and then go on some altcoin exchange like Binance and use that bitcoin to buy altcoins. then they start building something that they call "portfolio" and then look at its USD value in total thinking they are gaining money while they are actually losing a lot of money due to bad investment decisions. it just shows positive USD returns because bitcoin price went up!!!

[el kaka22]

Depends on the type of altcoin really, I wouldn't mind keeping some ethereum and eos and even a bit of tron in my account and they seem to gain a bit more attraction, plus I am looking really hard on IOTA these days as well because they were really known and loved by everyone for a long time but there hasn't been any talks about them for a while now so if I buy right now and they do another hype about IOTA, I could probably profit from it.

However, if you mean coins like powerledger or waves then you may prefer to keep your coins on bitcoin, wave is not that bad and could be decent if you want to keep it but powerledger is really not needed at all on your portfolio, specially not bitcoin cash since its basically "fake bitcoin" and nothing else. So if you want to buy something with your useless powerledger and bitcoincash but not sure about bitcoin then just go with ethereum.

[tsaroz]

I too realized investing in a new coin and looking for a x10 rise or something is more risk than investing in proven crypto at lows and selling them in highs.
Yes, it's better to diversify your holdings but it's the top 10 coins that would provide you a good profit if you know when to move with the market.

[gbale]

Bitcoin's price growth is very fast this year but altcoin has slowed down a little.
according to my predictions the new altcoin will rise slowly and maybe the end of the year prices will improve.

[10BTCaDay]

I too realized investing in a new coin and looking for a x10 rise or something is more risk than investing in proven crypto at lows and selling them in highs.
Yes, it's better to diversify your holdings but it's the top 10 coins that would provide you a good profit if you know when to move with the market.

You should not choose only the top 10. You can allocate 10 percent of your deposit to invest in coins from the top 1000.  choose 20-30 projects

[naufals4]

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?

it looks like the strategy you are using is not going well. try to learn more about these coins and how the prospects for the future. yeah if you want to invest it on altcoin because if btc goes UP altcoin sometime goes down, so spread the money you invest in bitcoin and altcoin maybe the comparison can be 50% bitcoin and 50% altcoin.

[Thanasis]

I too realized investing in a new coin and looking for a x10 rise or something is more risk than investing in proven crypto at lows and selling them in highs.
Yes, it's better to diversify your holdings but it's the top 10 coins that would provide you a good profit if you know when to move with the market.

You should not choose only the top 10. You can allocate 10 percent of your deposit to invest in coins from the top 1000.  choose 20-30 projects

Too many coins will ruin our profits too so din't keep investing small amount of money into many projects like you mentioned 10% for 30 projects.But the coinmarket cap value is not a reference for which coin to choose so the golden gem maybe even maynot be found at top 100 as well.

[rafi035]

I too realized investing in a new coin and looking for a x10 rise or something is more risk than investing in proven crypto at lows and selling them in highs.
Yes, it's better to diversify your holdings but it's the top 10 coins that would provide you a good profit if you know when to move with the market.

You should not choose only the top 10. You can allocate 10 percent of your deposit to invest in coins from the top 1000.  choose 20-30 projects

From that choice we know also how to go forward because even though a 10 percent deposit will be at risk so analyzing will be more important.