Sell All Altcoins For Bitcoin?

[Genamant]

i think its more profitable now to buy altcoins than bitcoin specially now the market is red
i think i would buy Neo and Apollo than buying Bitcoin now the fact that its much cheaper

[kaka manteng]

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 turned out to be true what you said ... if some time ago I made a decision to sell my altcoin and make it as bitcoin ... then I can get a big profit ... I am very sorry for this now ... but now I will sell all the altcoin assets that I have for me to make are bitcoin ... because I'm sure that bitcoin will continue to rise ..

[farraddy]

To reduce the risks you need to have bitcoin and various altcoins. Now bitcoin has grown very well but can repeat last year's history. It is impossible to raise a question - or that or it. You should always adjust your portfolio depending on the state of the market.

[zergenyt09]

I would say that it depends on the coin you're investing in. This year most altcoins hasn't been doing quite alright, but Bitcoin has been increasing in price alongside a few other top altcoins like Ethereum. So it all depends on the coin that you bought, you should check and see whether that coin has any potential to grow and if you feel like it doesn't, then you should sell it and invest that money in Bitcoin and that would be the best thing to do since you know that Bitcoin is already doing alright. Although I don't know when Bitcoin is going to drop. Everything here is all about risk, but one thing I like about Bitcoin is that no matter how long it takes, it will always go back up and you will recover.

[Metall303]

To reduce the risks you need to have bitcoin and various altcoins. Now bitcoin has grown very well but can repeat last year's history. It is impossible to raise a question - or that or it. You should always adjust your portfolio depending on the state of the market.

It is very difficult to make adjustments now because the risks are very high. I believe that the probability of the beginning of the Altcoin season is higher than the continuation of strong Bitcoin growth.

[Altryist]

It could be a good idea when Bitcoin cost 3000-4000, but now this is already a big loss of investments, and it is possible that manipulators are expecting just that. All the same, I assume that the time of the Altcoins will come, Bitcoin can not just grow and constantly break away from the price of Altcoins.

[xephireusMMX]

I think it's too late to sell your coins for Bitcoin, it's better to wait for the price of these coins to rise and then sell them for a fiat.

[memed97]

To reduce the risks you need to have bitcoin and various altcoins. Now bitcoin has grown very well but can repeat last year's history. It is impossible to raise a question - or that or it. You should always adjust your portfolio depending on the state of the market.

True, the risk must be considered because there are also altcoins that have to be saved even though the bitcoin is going up in price, so not all altcoins must be sold for bitcoin, looking for profits is necessary but considering the risks is also very necessary.

[Duzter]

Do not sell all your altcoins for bitcoin because we don't know what the next altcoins season will look like,it might be better than what we've witnessed in the past ,we need patience and remember that altcoins season of last bullrun came when we least expected

That's true, we don't know the exact move of altcoins. As of now there is small move in the price of bitcoin, users who have a thought of selling altcoins has missed the opportunity. They could've sold around February as the price of altcoins were almost the same with bitcoin at its lower price. Now bitcoin has increased massive, while the growth of altcoins were very low in percentage.

[Wend]

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.

It was to hard finding those you said a altcoins that can x10 in no time, Because we need to search for them of which of these altcoins can be like that. Maybe those top 10 you mention are have a chance can get a price like that. Bitcoin and etherium it will be have a chance to x10 in a future and if we look at the market are now bitcoin and etherium are increasing the price we hope it well continue in the end of this year.

[danherbias07]

Done that already.

Never stayed with my altcoins. Ethereum will be the only one with an exemption. Although it may vary to the weather which we are in.
Bitcoin had always been the trusted one and with the incoming fork, it will be better to hoard more than just stay with the same price.
You will never know when this investors will suddenly buy.

[Impaler]

That's upto you. What kind of investors you are or how much risk you can take. It totally depends on you and you capabilities. If you want a risk free asset then I would say go for bit sell off all your alts and hold the Bitcoin. But sell your alts at good price never sell tokens in loss. Next if you can take a little bit risk I always suggest hold alts cause in the mean time alts gives more profit than Bitcoin. But yeah it is risky. Specially when you hold mid or low cap altcoins.