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Author Topic: Should move to BTC?  (Read 3455 times)
secretgirl
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November 01, 2019, 02:47:10 AM
 #201

Hi guys ! Thats a question i do to myself very often , and it always looks like the right answer. My main coin for now its XRP (like 3000) and a very few BTC (0.005).

I hold XRP from long time but i see BTC price raise a lot and XRP don't do much. They have a consolidated project but no matters what BTC price its still mandatory.

So the question is , should i sold like 2500XRP and buy BTC when this one have a price drop?

I know its something i had to decide myself , just looking for what you guys think.
Thanks!
in my opinion, it might be very appropriate if you sell a portion of your xrp, and you make it as bitcoin. in my opinion, xrp is a good altcoin, but when compared to bitcoin, xrp is still below bitcoin. maybe you can make the rest of your xrp to be used as daily trading. and you use your bitcoin for long-term trading. the reason I suggest all of that, is because I think the btc has a brighter future than other coins. and when someone just enters the world of cryptocurrency, I'm sure that person wants to have btc. so the longer the demand for bitcoin is increasing. and I suggest to trade daily with xrp, because I think all altcoin has a high risk compared to bitcoin for the long term. by trading on a daily basis, it might minimize the risks involved in altcoin. we can also benefit by utilizing the ups and downs of altcoin which is always changing every day.

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November 04, 2019, 05:27:22 PM
 #202

Markets go through different phases, as we know this market has the tendency to operate in two different ways when it is going up, either we see bitcoin going up and outperform altcoins or we see an altcoin season in which most altcoins outperform bitcoin, during the last months we have seen bitcoin performing greatly and for this reason many are expecting for the market to change and watch altcoins going up faster than bitcoin, but there is no guarantee that will happen so if the decision is between investing in bitcoin or altcoins we need to choose bitcoin right now.
It would be better if you will diversify into those two. Bitcoin and altcoins are good investment and you can't never be wrong with that. They all have potential and the thing that you need to do is to determine what altcoin is the best for investment in long term basis because long term always pay the best rewards if you are an investor.
You can not go wrong when you invest in bitcoin but when it comes to altcoins everything can go wrong, there are thousands of coins out there and only a few of them have any user base and a reason to exist at all, even some of the coins at the top are coins in which I will never invest, as such you must remember when you invest in altcoins that the risk is many times greater than the risk of investing in bitcoin and if you decide to do it then it is better for you to only invest a small portion of your capital in altcoins.

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November 04, 2019, 07:15:09 PM
 #203

Not only this xrp all the cryptocurrencies will be converted as a bitcoin and usdt at least once when you are being in trading websites. So if you want to convert those coins to BTC for sometime you may do it.
Value holding the BTC you may need to be careful and exchange the coins to the USD coins whenever the price was bumped to good level.
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November 04, 2019, 09:28:24 PM
 #204

Not only this xrp all the cryptocurrencies will be converted as a bitcoin and usdt at least once when you are being in trading websites. So if you want to convert those coins to BTC for sometime you may do it.
Value holding the BTC you may need to be careful and exchange the coins to the USD coins whenever the price was bumped to good level.
Maybe many suggests XRP due to its low fee and high speed transaction transfer (deposit or withdrawal) . If you have money that is converted in bitcoin , bitcoin itself is a good investment especially for a long term, you may invest in different altcoins too such as eth/ltc/bch and many more.
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November 04, 2019, 11:54:43 PM
Last edit: November 05, 2019, 12:08:16 AM by StayFly
 #205

Markets go through different phases, as we know this market has the tendency to operate in two different ways when it is going up, either we see bitcoin going up and outperform altcoins or we see an altcoin season in which most altcoins outperform bitcoin, during the last months we have seen bitcoin performing greatly and for this reason many are expecting for the market to change and watch altcoins going up faster than bitcoin, but there is no guarantee that will happen so if the decision is between investing in bitcoin or altcoins we need to choose bitcoin right now.
It would be better if you will diversify into those two. Bitcoin and altcoins are good investment and you can't never be wrong with that. They all have potential and the thing that you need to do is to determine what altcoin is the best for investment in long term basis because long term always pay the best rewards if you are an investor.
You can not go wrong when you invest in bitcoin but when it comes to altcoins everything can go wrong, there are thousands of coins out there and only a few of them have any user base and a reason to exist at all, even some of the coins at the top are coins in which I will never invest, as such you must remember when you invest in altcoins that the risk is many times greater than the risk of investing in bitcoin and if you decide to do it then it is better for you to only invest a small portion of your capital in altcoins.
It appears the altcoins market is not doing well this year like the recent years and the bitcoin market is doing pretty good this year even better than last. thus I see no problem moving your assets from altcoins to bitcoin. bitcoin is now the most profitable coin in the market. it is better to move all your assets to bitcoin.
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November 05, 2019, 01:30:45 AM
 #206

XRP is like a ticking time bomb. A lot of users have that coin in their portfolio, because previously it had given very good returns. But at the same time, somewhere around 70% to 80% of all the total supply is being owned by a handful of promoters, and this makes this coin extremely risky when compared to the other cryptocurrencies. I would definitely not recommend having XRP above 20% in the portfolio. If your proportion is more than this, then it may not be a bad idea to convert some of this XRP to either Bitcoin or Ethereum.
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November 05, 2019, 02:32:05 AM
 #207

I would recommend to accumulate bitcoin as much as possible since there is a possibility that it could jump to $10k or more than to increase its value. That's why it be best to take advantage and sell some of altcoins then buyback later to hodl more once alts follow up.

And more reason to accumulate is because of the halving that could take us to the moon or hit more than the ATH.
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November 05, 2019, 02:42:09 AM
 #208

I would recommend to accumulate bitcoin as much as possible since there is a possibility that it could jump to $10k or more than to increase its value. That's why it be best to take advantage and sell some of altcoins then buyback later to hodl more once alts follow up.

And more reason to accumulate is because of the halving that could take us to the moon or hit more than the ATH.
The current trend Bitcoin performance is attract many investors so those are having altcoin they are all move to Bitcoin it is easily understand everyone. But investors are always smart so once altcoins or token growing well they are all move to the desire way. So we always adopt the current situation.

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November 05, 2019, 03:49:36 AM
 #209

I'm not saying that xrp is a bad coin, I believe xrp has a future, and includes coins with high trading volume. but when you compare with bitcoin, I would prefer bitcoin. if I am in your position, maybe what I will do is, wait a while to see the state of the xrp price, because in my opinion sometimes the xrp price follows the bitcoin price trend, if the price matches the target I want, I will sell it and I will make it bitcoin. maybe I'll leave 1000 xrp, and I use it for daily trading.

 
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November 05, 2019, 04:08:46 AM
 #210

I think there is no harm in holding back the ripple which in my opinion has been very good development because this coin can have a very high volume and can be implemented in various large companies, it's just that this XRP price increase is very long so the benefits you get will also be long, while bitcoin in May 2020 which will most likely make bitcoin prices very expensive, so long as you are not too late to exchange bitcoin then you can exchange it as soon as possible to be able to enjoy the benefits of having bitcoin when halving occurs.

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November 05, 2019, 03:09:42 PM
 #211

Hi guys ! Thats a question i do to myself very often , and it always looks like the right answer. My main coin for now its XRP (like 3000) and a very few BTC (0.005).

I hold XRP from long time but i see BTC price raise a lot and XRP don't do much. They have a consolidated project but no matters what BTC price its still mandatory.

So the question is , should i sold like 2500XRP and buy BTC when this one have a price drop?

I know its something i had to decide myself , just looking for what you guys think.
Thanks!
Think about it first. Moving to bitcoin is a very complicated thing knowing that its value is very difficult to understand since it is very volatile. Many people has ended up regretting moving into bitcoin as they buy some but then it fell down. You should first monitor the price first before buying and even though XRP's price is falling down, you might still end up making mistake as you see its price growing. Bitcoin is a great coin to invest but there's a lot you need to consider before investing on it.
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November 05, 2019, 03:16:41 PM
 #212

My main coin for now its XRP (like 3000) and a very few BTC (0.005).
Why ripple?  You couldn't have picked a worse coin to invest most of your crypto money in, in my opinion.  I know it's popular, but there's a good reason why it's trading at around $0.30.  It's a garbage coin and as close to a centralized gov't cryptocurrency as you could possibly find right now.  It isn't *exactly* that, but it's close.  Ripple probably isn't going to give you much of a return if you're holding it, either.

I think op ought to sell all that ripple and buy bitcoin if he hasn't done so already.  I would advise him not to play around with other altcoins and just stick to btc, because at least it has the potential to perform a nice moon shot, probably within the next few months to a year.

I'm not saying that xrp is a bad coin
Then just say it.  XRP is a bad coin.  Very, very bad.
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November 05, 2019, 03:25:52 PM
 #213

Hi guys ! Thats a question i do to myself very often , and it always looks like the right answer. My main coin for now its XRP (like 3000) and a very few BTC (0.005).

I hold XRP from long time but i see BTC price raise a lot and XRP don't do much. They have a consolidated project but no matters what BTC price its still mandatory.

So the question is , should i sold like 2500XRP and buy BTC when this one have a price drop?

I know its something i had to decide myself , just looking for what you guys think.
Thanks!
Think about it first. Moving to bitcoin is a very complicated thing knowing that its value is very difficult to understand since it is very volatile. Many people has ended up regretting moving into bitcoin as they buy some but then it fell down. You should first monitor the price first before buying and even though XRP's price is falling down, you might still end up making mistake as you see its price growing. Bitcoin is a great coin to invest but there's a lot you need to consider before investing on it.

Moving from XRP to BTC is good decision because XRP has very slow growth and very difficult to rise up, from moving to bitcoin you will likely have a chance to get much profits from BTC because the price are recovering and before the halving we have to buy as much as we can, i'm sure the price will pumped hard at least at the end of next year.

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Subbir
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November 05, 2019, 03:40:30 PM
 #214

You can better Holding BTC no XRP head pairs so BTC why you can like XRP?
my thing BTC are better holding long term.
In my opinion depend on the skill and psikilogis of trading that we have, if we dont have skill and can not control emotion for the better just hold strong fundamental coin like BTC and ETH, by make investment in these coin is easy way to make profit.  And if we have skill in altcoin trading(Paired BTC), better do short trading because the price of BTC going up fast now. And for longterm altcoin trading is very risky, because mostly altcoin now their price just pump dump.

The search results comment is appreciated on quoted you can remember it.

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November 05, 2019, 09:59:07 PM
 #215

Hi guys ! Thats a question i do to myself very often , and it always looks like the right answer. My main coin for now its XRP (like 3000) and a very few BTC (0.005).

I hold XRP from long time but i see BTC price raise a lot and XRP don't do much. They have a consolidated project but no matters what BTC price its still mandatory.

So the question is , should i sold like 2500XRP and buy BTC when this one have a price drop?

I know its something i had to decide myself , just looking for what you guys think.
Thanks!
Think about it first. Moving to bitcoin is a very complicated thing knowing that its value is very difficult to understand since it is very volatile. Many people has ended up regretting moving into bitcoin as they buy some but then it fell down. You should first monitor the price first before buying and even though XRP's price is falling down, you might still end up making mistake as you see its price growing. Bitcoin is a great coin to invest but there's a lot you need to consider before investing on it.
Ill agree with you we need to think about this movement maybe you will be disappointed if you move XRP to BTC, We cannot assure yet if these will have time for XRP followed to bitcoin increasing the price. Maybe he/she's mind now was confused about this decision they make, But its your decision actually some of people in here are trying to help you on what good to do. And yes thats true many on us in here also regretting on why we move into bitcoin but we are different decision well it depend on what we are going to.
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November 05, 2019, 11:49:17 PM
Last edit: November 06, 2019, 12:19:28 AM by TriplexXx
 #216

Hi guys ! Thats a question i do to myself very often , and it always looks like the right answer. My main coin for now its XRP (like 3000) and a very few BTC (0.005).

I hold XRP from long time but i see BTC price raise a lot and XRP don't do much. They have a consolidated project but no matters what BTC price its still mandatory.

So the question is , should i sold like 2500XRP and buy BTC when this one have a price drop?

I know its something i had to decide myself , just looking for what you guys think.
Thanks!

The cryptocurrency market favors bitcoin this year. If you look at the market dominance you can see the bitcoin has over 65% of the cryptocurrency market dominance and rest of the altcoins market has less than 35% of the market dominance. It is a welcoming idea to move all your assets to bitcoin forget about the altcoins market.
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November 08, 2019, 06:07:51 PM
 #217

You can not go wrong when you invest in bitcoin but when it comes to altcoins everything can go wrong, there are thousands of coins out there and only a few of them have any user base and a reason to exist at all, even some of the coins at the top are coins in which I will never invest, as such you must remember when you invest in altcoins that the risk is many times greater than the risk of investing in bitcoin and if you decide to do it then it is better for you to only invest a small portion of your capital in altcoins.
It appears the altcoins market is not doing well this year like the recent years and the bitcoin market is doing pretty good this year even better than last. thus I see no problem moving your assets from altcoins to bitcoin. bitcoin is now the most profitable coin in the market. it is better to move all your assets to bitcoin.
This could have been a good idea months ago when the price of bitcoin was still low but it was clearly growing faster than altcoins, but now that is a difficult decision, bitcoin seems like it has stopped growing and we are seeing a significant decrease on its price, for altcoins this could mean two things, that during the next months investors finally decide to give altcoins a chance or that investors decide to get out of the market and wait for the next time the price of bitcoin begins to go up.

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November 09, 2019, 04:44:00 PM
 #218

I think you will get more profit to the XRP because that coin is cheaper than the bitcoin once the coin who are cheaper a trader can get a lot of money because it increase more than 100 times upto thousands but the bitcoin increase only few times because they already higher value but if you have big capital bitcoin is best for you but if you have only small capital just stick to XRP.
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November 09, 2019, 06:38:36 PM
 #219

Altcoin season is still not good at this time even though there is a slight increase and that does not mean you have to exchange Altcoin for bitcoin, it's good to hold your Altcoin to wait for the Altcoin season to come and maybe now is not the time for Altcoin.
if you want to have bitcoin, you have to buy it when there is a decline and in my opinion now is the right time because the price is still affordable to make purchases according to your ability, and I'm sure in the near future Altcoin and bitcoin will increase together.

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November 11, 2019, 09:30:42 AM
 #220

You can not go wrong when you invest in bitcoin but when it comes to altcoins everything can go wrong, there are thousands of coins out there and only a few of them have any user base and a reason to exist at all, even some of the coins at the top are coins in which I will never invest, as such you must remember when you invest in altcoins that the risk is many times greater than the risk of investing in bitcoin and if you decide to do it then it is better for you to only invest a small portion of your capital in altcoins.
It appears the altcoins market is not doing well this year like the recent years and the bitcoin market is doing pretty good this year even better than last. thus I see no problem moving your assets from altcoins to bitcoin. bitcoin is now the most profitable coin in the market. it is better to move all your assets to bitcoin.
This could have been a good idea months ago when the price of bitcoin was still low but it was clearly growing faster than altcoins, but now that is a difficult decision, bitcoin seems like it has stopped growing and we are seeing a significant decrease on its price, for altcoins this could mean two things, that during the next months investors finally decide to give altcoins a chance or that investors decide to get out of the market and wait for the next time the price of bitcoin begins to go up.
Even if the prices of bitcoin are showing some fluctuations right now but the overall impact of these fluctuations remained positive. The prices showed some serious and decent increase. What I believe is that we shall not doubt the tendency of bitcoin for coming back with major goals of setting new records of bull market in the coming months, so no need of considering altcoins at this crucial time.
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