Sell All Altcoins For Bitcoin?

[Indai24]

Your idea is not good for me! Since its dangerous to keep all your investment in just one coin/token Its better to learn in a simple reminder "dont put all your egg in one basket"Ill still choose to buy and invest on numerous coins/tokens as long as it was promising and has a working product and services that may drive the coin/token demand in the near future.

Although bitcoin is really a good choice when you want to invest your money. But, it if you want to earn huge profit, investing in a promising altcoins is a wise decision. You can buy cheaper alts and sell it in a higher price once it pump. But of course, we have our own strategies.

[amonymous]

You can take some different strategy for the future profits. I think altcoins should not have to come so early because your honor can increase at any moment. In fact bitcoin is the good assets and you can move 80% your money in Bitcoin. Even if you have some in altcoins then it will be betterment.

[Altryist]

There was such an idea for a long time, and I still can’t decide if it’s a completely bad idea or not, but at the moment I think that it’s quite reasonable to sell all altcoins and switch to Bitcoin.

[TastyChillySauce00]

There was such an idea for a long time, and I still can’t decide if it’s a completely bad idea or not, but at the moment I think that it’s quite reasonable to sell all altcoins and switch to Bitcoin.

It certainly depends on the trend, If you think your altcoins is not promising enough and bitcoin is just like an oasis in the middle of desert because your altcoins is stagnant or dumped, better off to cash out your alts to bitcoin since that's the more preferable options, I mean bitcoin could also go up as far as those altcoins can do.

[stadus]

I think its a thinkable idea but my old man always says dont put all the eggs in the same basket. So in this perspective it can be dangerous for your portfolio.

I always followed that rule, actually it does not mean you'll be successful if you follow that, it's still important you have luck also.
We only do that to diversify in order to minimize the risk, but as we minimize the risk it could somehow affect our opportunity to make more profit.
As what they said, big risk will result to big reward, and that's what we are playing here.

[Iykecollins]

Bitcoin appears to be more profitable than a lot of altcoins, especially the high ranking ones, have equally noticed the move and concluded it is wise to remain in bitcoin until its dominance begins to decrease or just have very little with altcoin in case of occasional pumps

[santouao]

Investing in this top coin Bitcoin is too good and this is a assurance that we can make money on it as we have seen btc rises over it's bad price in this year and now making stronger and can make this until it tottaly rise that's why investment in btc is the best for now.

[umine]

Well I will sell my altcoins only after their growth to BTC not earlier. Selling alts now is not a good idea. Usually alts growth after BTC reach the maximum

[MiF]

It's a good idea to sell your altcoins To bitcoin  whenever Btc is moving up, in some cases cutting loss is better so as not to get rekt because almost all altcoins will dip whenever bitcoin is moving up, it's not advisable to sell when bitcoin is dipping though

Partly you're right on selling while bitcoin started to increase at profitable price mate, and it's not a wise idea while bitcoin also was dipping. It's good to sell some of the alts that you had and not the entire holdings once when btc shows some price spikes. But only for one purpose just to buy bitcoin and hold while the price wasn't building up at higher value.

[toast]

Well I will sell my altcoins only after their growth to BTC not earlier. Selling alts now is not a good idea. Usually alts growth after BTC reach the maximum

I think the current conditions for selling altcoins are not possible. the problem is that the altcoin is almost all unstable. so indeed the time is not right now, we better wait for things to improve and we sell altcoin to be replaced with bitcoin.

[rich93]

Well I will sell my altcoins only after their growth to BTC not earlier. Selling alts now is not a good idea. Usually alts growth after BTC reach the maximum

You're right, the altcoins aren't growing much now, because many people are looking at Bitcoin now, and soon the time will come and the altcoins will start growing.

[Successmaniac4]

Even though Bitcoin is a good coin, you don't have to put all your eggs in one basket. It will be good if you have Bitcoin and other altcoins too. Its better you make profit from both sides that just one side.

[guoyu78]

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?

The best practice anyone would advise you should have always been for you to diversify and have your assets in different coin, and since Bitcoin is the only major coin, while the rest of coins are all altcoins, we have no choice than to have at least 5 of them that we can trust to hold for a long term investment, which is still the top 5 altcoins.

For the rest of the coin, I think your method will be perfect, especially now that they are not having their bull run yet, we could still convert some of the altcoins we have to Bitcoin since Bitcoin is still the main dominant now, pending when some of these altcoins shows signs of bull run, then we can buy those that has potential to increase back.

[sana54210]

It's a good idea to sell your altcoins To bitcoin  whenever Btc is moving up, in some cases cutting loss is better so as not to get rekt because almost all altcoins will dip whenever bitcoin is moving up, it's not advisable to sell when bitcoin is dipping though

We still some altcoins that are rising along with BTC which are even the coins that I counted as altcoins, because other altcoins I see in the market are become to have too many unserious developers that are not willing to push any further, as Bitcoin rises, notice that only top 50 altcoins are the ones rising along with Bitcoin.

Those top coins are the ones I think has the tendency of having a bull run and worthy to keep because no one knows exactly when their bull run will come, which could happen within a twinkle of an eye, but if we have coins that are below these top 50 coin, I think it is best we sell them for Bitcoin, for chance of increasing our Bitcoin profit.

[z21770179]

Well I will sell my altcoins only after their growth to BTC not earlier. Selling alts now is not a good idea. Usually alts growth after BTC reach the maximum

That's right, selling altcoin is currently accepting losses, I don't sell my altcoin. Because I think it will be their turn to pump in the next few weeks

[ZEIIMAN]

I think that's a good idea. I think if the storm starts, not all the altcoins will start to grow. There's not enough money for all the coins. So leave promising altcoins, and the rest pour into bitcoin.

[bitzizzix]

In my opinion now is not the right time to sell all Altcoin for Bitcoin, because the price of Bitcoin is too far to reach and already expensive.
You have to save Atlcoin strongly because the movement of Bitcoin will affect other coins including Altcoin and will increase following the movement of Bitcoin.
if you want to have bitcoin, you have to buy bitcoin when there is a slight decrease and with that you will get a tremendous profit from both.

[Red-Apple]

after all this time and all these altcoin dumps against bitcoin if you haven't figured it out yet then maybe you should try not to trade altcoins at all.
the thing is we have already seen that without any exceptions each time bitcoin rises or falls the altcoins will lose their value because everyone dumps them. so there is no question left about the decision that you should make with your investment, altcoins are only good for short term trading and nothing more.
today is another example to clear any doubts that you might have had!

[CTRLX]

I can’t say people to sell their all altcoins for BTC. But for me, to be honest i usually prefer to stay with BTC already.
I don’t like to spend my time while thinking about the next move of ALTs. So i only buy the ones that i trust most and i only hold them.

[zidanw]

Well I will sell my altcoins only after their growth to BTC not earlier. Selling alts now is not a good idea. Usually alts growth after BTC reach the maximum

but for myself it's better to sell all altcoins for bitcoin because I'm sure that soon the good rise in bitcoin prices will occur. so now is our chance to get a big profit from bitcoin because the more the price grows