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Author Topic: How often do you invest your Bitcoin to Altcoins?  (Read 1183 times)
BlinkInDie
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July 30, 2019, 03:49:51 PM
 #81

I only convert my BTC/ETH to other altcoins if I'm for sure that the project is a success if I truly believe in their mission and if they have a reasonable roadmap/goal, or if its an instant ROI. It's pretty hard to be confident when investing in an ICO since you will never know what's gonna happen with the coin value after the sale. Micro Token Offerings are somehow giving a solution since its letting you get a price lesser than  a presales on coins that are in the exchanges already. I would always go for opportunities and coins that has a lesser risk of me losing.
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Muzika
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July 30, 2019, 04:36:59 PM
 #82

Id rather converting my alts to btc than to converting my btc to alts, I had so much trust in bitcoin rather than alts in the market that is only good for short period of time. Maybe I would invest but it wont come from btc to alts maybe I will put some fiat to buy for it and I will go for a well known coins in the market.
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July 30, 2019, 06:12:40 PM
 #83

Both are potential coins to buy and invest in. However, rarely do I buy bitcoin and alternative coins at once. I buy them alternatively thus when bitcoinprice rises, I buy it and vice versa.

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August 23, 2019, 05:25:46 PM
 #84

I have thought of this topic because I don't invest much in altcoins, just trading it to profit. I'm talking about the one you will buy that you would HODL in the long term and keeping it in your cold wallet, hardware wallet, paper wallet, or whatever you do with it as long as you keep the currency itself.

The reasons I could think are the following:

  • You invest because of the Technology of the coin And what it could bring to the cryptocurrency space
  • You know the developers and supporting them
  • You believe you could profit in the long-term
  • Because of the Name of the coin. Lol.

I'm just wondering if there are other reasons that you may have and if you agree with the ones I listed. Share it here.

So far, I only keep BITCOIN and DOGECOIN assets for the long term ... because I believe both of these coins have a price bond ... if bitcoin rises then dogecoin will also go up and vice versa ... then I save both of them as investment term long ... with so many opinions about the increase in the price of bitcoin it makes me even more convinced to save both of them ..
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August 23, 2019, 06:30:26 PM
 #85

I do invest my bitcoin in altcoins if i see that the project is promising, most especially if the project has working product, good partners and also have good community behind them.
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August 23, 2019, 06:31:42 PM
 #86

Usually, I invest fiat money in altcoins, not BTC, because I believe that Bitcoin is the most profitable cryptocurrency and it is worth holding for the long term. I keep holding BTC, while investing some amounts of fiat money, from time to time, in ETH, LTC and many other good altcoins.
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August 25, 2019, 05:13:11 PM
 #87

I have thought of this topic because I don't invest much in altcoins, just trading it to profit. I'm talking about the one you will buy that you would HODL in the long term and keeping it in your cold wallet, hardware wallet, paper wallet, or whatever you do with it as long as you keep the currency itself.

The reasons I could think are the following:

  • You invest because of the Technology of the coin And what it could bring to the cryptocurrency space
  • You know the developers and supporting them
  • You believe you could profit in the long-term
  • Because of the Name of the coin. Lol.

I'm just wondering if there are other reasons that you may have and if you agree with the ones I listed. Share it here.

I have a thread that shows that Bitcoin dominance is now over 90% and we are in a bull run, I have traded all my non performing altcoins to Bitcoin, and if ever there is a new coin or existing altcoins that I think will have a good potential in the market, I can only allocate a small portion.

People should accept the fact that we are moving fast in Bitcoin adoption and this is what we have been waiting for, Bitcoin volume is growing and countries and companies adopting Bitcoin, altcoins will have its time, that's for sure but now it's Bitcoin's time to shine.

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August 25, 2019, 05:25:43 PM
 #88

I never do , bitcoin is worth hodling , while some altcoins are good to be traded or invested into
I'm sure that bitcoin has a brighter future and will , eventually increase in price more than any altcoin out there
but , do not pass on the opportunities to invest into a decent alt when you see potential profit
never sell your bitcoin for that , though , use your profit or  "spare" money
I always consider alcoins as a shorting opportunity while bitcoin as a long term investment and a store of value

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sieemma
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August 25, 2019, 08:01:54 PM
 #89

I do the otherwise instead, OP. Ever since I enter crypto, my last point has always been to change some of my altcoins to bitcoin. I don't remember changing my bitcoins to ether or any other coin.
I value bitcoin than any other altcoins to make such a decision. I am not rushing to make big profits because I know in the near future,  my little investments in Bitcoin will fetch me big.
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