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Author Topic: How often do you invest your Bitcoin to Altcoins?  (Read 1183 times)
betty11
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July 28, 2019, 08:53:27 PM
 #41

I majorly invest because of the technology of the project and what people stand to gain from it. These days project team are not very sincere. they collect fund and don't carry out project development, making community to loss their trust.
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July 28, 2019, 10:07:46 PM
 #42

A well decentralized Altcoin and plans to improve the coin decentralization in the future could make me hold an Altcoin long-term. I cannot build a permanent base on project that is not truly decentralized.

I will also consider the coin Roadmap, expansion plans, developer's enthusiasm, project long-term viability, concepts, strategies to capture millions of users,  etc.

Developers ideals matter most in the end. .
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July 28, 2019, 10:18:22 PM
 #43

I use my bitcoin to buy altcoins for my trading job, keeping altcoins came from the top list in the market cap is possible to bring lot of profits in the future specially ethereum.
But of course I am not stupid to invest mynall bitcoun into altcoins because everyone knows keeping bitcoin for long term is very profitable.
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July 28, 2019, 10:23:28 PM
 #44

A well decentralized Altcoin and plans to improve the coin decentralization in the future could make me hold an Altcoin long-term. I cannot build a permanent base on project that is not truly decentralized.

I will also consider the coin Roadmap, expansion plans, developer's enthusiasm, project long-term viability, concepts, strategies to capture millions of users,  etc.

Developers ideals matter most in the end. .
The characteristics of the altcoin and the roadmap is very essential in knowing  a better altcoins specially the products and services that they introducing is it viable and also the sustainability for the future that  it would last longer and the value of the coins will not drop after launch.

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July 28, 2019, 10:26:33 PM
 #45

Basically I do the opposite.  I transfer profits from some altcoins earned from bounty to long-term contracts at BTC and ETH.  Sometimes I buy promising, mostly exchange coins and game tokens, but for a short time.  Two or three months, then selling.

converting our profit to Bitcoin and altcoin is the best idea my friend
because both crypto deserve to be in our bag for long term investments
regards
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July 28, 2019, 10:28:11 PM
 #46

I invest in the altcoins because I have deep experience in this field. From my trading experience, the potential jewel projects don't stay out of attention so long. Choosing the best altcoin can be boring but it will worth to go all-in in case of discovering one. While bear market extends,investors arrange their altcoin portfolio and they also consider the legendary investment assets too. The vision of the project is the most important component by my side as an investor and I mind to invest in the altcoins taking into account the credibility of the team for the forthcoming years.
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July 28, 2019, 10:29:15 PM
 #47

Do you mean converting BTC to certain altcoins?
Personally, it is rare to be done. But, sometimes, it is promising enough to convert the BTC into some certain altcoins such as Ripple, XZC, and also BNB. Of course, it may be useful when the pair of BTC and those altcoins are higher. So that we can gain more amounts of the altcoins.

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July 28, 2019, 10:40:31 PM
 #48

My investment plan is for time, if my research advice me that this the time to invest, I take this time. I don't invest often time because this isn't rules for cryptocurrency.

Good thing that you knew how to get good signal for investing on the right altcoins. But unfortunately to think of risking my bitcoins to alts right now isn't a good plan while witnessing bloody red on my blockfolio.
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July 28, 2019, 10:43:29 PM
 #49

Most of all you listed are the reasons I am hodling my altcoins expect the fourth option (lol), fancy name don't equals effectiveness. Another quality I look out for in the coin I am holding are their quicker transaction.
Though I didn't buy them recently nor this year but years ago and haven't regretted.
Presently, I won't even think of swapping my Bitcoin to Altcoins because first I believe the ones  I have are worth it and is enough (think I see an altcoins good enough to compete with Bitcoin) and secondly, no new altcoins created lately are worth it.



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July 28, 2019, 11:37:44 PM
 #50

I am holding 50 % of my investments in Bitcoin and the other 50 % in altcoins. But for me Bitcoin is the most important. So I am sometimes investing in promising altcoins with a good team and community and sell the altcoin with profit to increase my bitcoin holdings.
Bitcoin should be the first place for everyone investment. I believe only bitcoin will give a huge profit either for short term investment or for long term investment. Different with altcoin, I don't know the potential of altcoin since the price only meet a decrease when bitcoin price meet a bull run a few weeks ago. And I believe for short term profit an IEO is the promising place at this time especially an IEO who launched by Binance exchange. Seems like this strategy is suitable for you, get profit from altcoin investment and the profit that you get you will store it to buying bitcoin.
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July 28, 2019, 11:50:15 PM
 #51

Considering the state of the crypto market now, I don't really think anyone is trading their Bitcoin to invest in altcoins. Me for instance, I will rather sell my altcoins for Bitcoin than trading my bitcoin for any altcoins. There are a lot of shitcoins in the altcoin ecosystem to even consider trading or investing in them.  For me, I don't invest my Bitcoin in altcoins.... I prefer Bitcoin can any other coin...
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July 29, 2019, 12:02:47 AM
 #52

For long term investment im choose with the cheapest on 20 top coinmarketcap. And look also how the price and project going on by years to years. Probably im choose XLM,TRX and ADA for middle price im choose ETH.
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July 29, 2019, 12:28:27 AM
 #53

altcoin is good, but I prefer altcoin that is still 1 to 2 years old, usually an altcoin like this which has a huge advantage when it has been widely adopted by the public,
and also the project that already has yellowpaper, this is one of the projects that I am looking for, because the project has been running halfway through, different from the whitepaper which is still limited to the concept.
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July 29, 2019, 05:47:10 AM
 #54

But, funny as it may seem to you, it has to have a name as well.
Every coin has a name but what's funny to me is almost every coin name has been invented, including persons in the Biblical Story. Would people invest because they see "Jesus Coin"? I don't know if the developers are joking around about it or if they are believers. Sometimes, there are names not to be mocked or something like that.



I majorly invest because of the technology of the project and what people stand to gain from it. These days project team are not very sincere. they collect fund and don't carry out project development, making community to loss their trust.
This is probably the reason why the cryptocurrency space has been looking bad. The continuous developing of websites, whitepapers, marketing strategy, etc is going on full circles. It's continuous like that and people don't believe in ICO or anything related to "crowd-funding" etc.



And I believe for short term profit an IEO is the promising place at this time especially an IEO who launched by Binance exchange. Seems like this strategy is suitable for you, get profit from altcoin investment and the profit that you get you will store it to buying bitcoin.
I think having or participating in an IEO now wouldn't be so beneficial anymore, only the token holders could get most of the money from it. They could easily dump everything.



For long term investment im choose with the cheapest on 20 top coinmarketcap. And look also how the price and project going on by years to years. Probably im choose XLM,TRX and ADA for middle price im choose ETH.
Not bad, any coin in the CMC means they have volume and being traded, whether it's market-making or not, it's a good start when choosing. Are you putting it in a hardware wallet or something?

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July 29, 2019, 05:55:31 AM
 #55

I would also buy alts to preserve the value of my coin- buying stablecoins. Ofcourse stablecoins are alts. Businesses would be better off using alts to complete trades rather than btc because it can fluntuate in value,  most times downward trend which can be huge losses for business that accepts btc.

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July 29, 2019, 07:10:12 AM
 #56

Currently I am only interested in Ethereum. It is one of the best technology businesses I've ever known.
Their current ERC-20 platform is still very popular and ETH has made a lot of money from that.
And one of the reasons I hold ETH for the past 2 years is Vitalik's professionalism and strategy. he has led the whole business in the right direction and brought big profits every year.

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July 29, 2019, 07:17:16 AM
 #57

I don't invest in altcoins. but maybe vice versa, I trade altcoin to invest in bitcoin. but sometimes I also sell bitcoin for capital trading altcoin. but I don't do it often.
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July 29, 2019, 07:22:27 AM
 #58

Currently I am only interested in Ethereum. It is one of the best technology businesses I've ever known.
Their current ERC-20 platform is still very popular and ETH has made a lot of money from that.
And one of the reasons I hold ETH for the past 2 years is Vitalik's professionalism and strategy. he has led the whole business in the right direction and brought big profits every year.
I agree. besides Ethereum, I also invest in BNB, where I see from technical analysis, BNB has good prospects in the long run. besides that in terms of fundamentals, I think binance is a trusted exchanger at this time, of course new investors will choose an exchange that has been tested, because it is more reliable


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July 29, 2019, 07:23:16 AM
 #59

yes I agree with some of the criteria that you have mentioned, I more often observe how developers work on their projects, including the products and functions of the coins they develop. maybe that was one of the reasons I was interested in being invested with some potential altcoins.
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July 29, 2019, 02:55:03 PM
 #60

yes I agree with some of the criteria that you have mentioned, I more often observe how developers work on their projects, including the products and functions of the coins they develop. maybe that was one of the reasons I was interested in being invested with some potential altcoins.
I only make strong altcoin investments. bitcoin is more important in my investment. altcoin is only for daily trading or short-term investments. so I will not exchange bitcoin investment assets for altcoins.
From the moment Bitcoin dominance began to grow, I more often began to hear that many transfer their altcoins to BTC, but trade in altcoins. I agree, trading altcoins makes more profit than trading Bitcoin due to higher volatility. The price of some altcoins during the day can vary many times by several tens of percent, and I use it for profit and transfer to BTC.

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