portfolio renewal is the right decision

[Winscosinally]

Are you aware that the current market conditions are really very bad? altcoin prices are down, while bitcoin is still enjoying its movements. if the market continues like this continues, I doubt altcoin will still be in the market. an investor we must have a good strategy to avoid this loss,
- if you are not sure about altcoin, you can exchange it for bitcoin.

-If you still survive with altcoin, you need to update them with potential altcoin. as already listed in the top 10 rankings at Coinmarcetcap.

someone will survive in the market if you can control your own portfolio, so if you cannot manage your assets properly, you will not last long in this market.

Altcoins will be around more than you expected and dont join the group of people that dump their altcoins for bitcoin cos im sure they will regret the decision later on,every altcoin holders should hodl altcoins with good potential and they will have good result,there are many good altcoins that are not up to top 10 on cmc so research will be needed to figure them out

[Saisher]

Are you aware that the current market conditions are really very bad? altcoin prices are down, while bitcoin is still enjoying its movements. if the market continues like this continues, I doubt altcoin will still be in the market. an investor we must have a good strategy to avoid this loss,
- if you are not sure about altcoin, you can exchange it for bitcoin.

-If you still survive with altcoin, you need to update them with potential altcoin. as already listed in the top 10 rankings at Coinmarcetcap.

someone will survive in the market if you can control your own portfolio, so if you cannot manage your assets properly, you will not last long in this market.

It's very important to always check all the coins that are in your portfolio, even if those coins are the top coins in the market, we can never be sure, timing is very important, there will always new coins in the market that will have a potential and there are old coins in the market that will lose its value, it's important when you should trade that coin in profit, you can do this by following each coin, those that are in your portfolio and those coins that are recommended by investors.

[digitalblock]

Don't panic. Has not yet come a time when altcoins are afraid to lose their price. Now there are new projects and they are successfully raising their price in the market. Yes, it is slow but it can make a good profit from trading. Hold cryptocurrency in this case is not respectable.

[maydna]

I agree that we need to change the portfolio we have to follow the trend of the market. We cannot depend on the old coins for a long time because the trend will change, and there will be a new competitor for the old coin, especially if they have a strong project. We can change the portfolio when the price increases but if the price is still at a low price, then I don't think we can sell it at a low price because that will make us get a lose. We cannot add more money to buy another coin because that will be too risky. So I think we need to be careful before deciding to change the portfolio because we can get the losses at any time.

[GGmith]

current market trends are more in favor of bitcoin, if you want to change your portfolio simply exchange it or replace it with bitcoin. do this opportunity to make a profit. and of course you also keep some altcoin that you have, there will be a time for altcoin to grow the price again.

[fortunecrypto]

Are you aware that the current market conditions are really very bad? altcoin prices are down, while bitcoin is still enjoying its movements. if the market continues like this continues, I doubt altcoin will still be in the market. an investor we must have a good strategy to avoid this loss,
- if you are not sure about altcoin, you can exchange it for bitcoin.

-If you still survive with altcoin, you need to update them with potential altcoin. as already listed in the top 10 rankings at Coinmarcetcap.

someone will survive in the market if you can control your own portfolio, so if you cannot manage your assets properly, you will not last long in this market.

Yes, I agree and  it's a bad decision and you will end up in a bad portfolio if you are not going to update your portfolio from time to time, so many coins in the market what's profitable today is not going to be profitable tomorrow and a new coin will come with a good potential in the market, it's important to read a lot of news gets updated about the development of coins on your portfolio.

[Plinteng]

yes it is true that we have to renew our portfolio if we think it needs to be replaced. Most of the altcoins are currently having a hard time, price declines continue and we need to renew them. bitcoin is one of the very good coins for short-term and long-term investment. currently i am learning to trade with bitcoin

[jumiapaul]

It's wise for every holder of cryptocurrency to have a good strategy for increasing profitability. Altcoin could be very lucrative if the right tokens are held in your portfolio. One should always update the portfolio with good projects.

[pandanaran]

altcoin prices continue to decline while bitcoin is still stable. I decided in July to sell all altcoins moving to bitcoin. if I don't sell my altcoin in July then it's likely that I've lost a lot of money.

You have made the right decision and the actions you have taken are the best way to avoid losses on altcoin. I am not much different from you by selling altcoin and replacing it with bitcoin because some of my altcoins do not have a selling price while the current market is more dominant on bitcoin.

[Pecunia non olet]

I did a mistake that I didn´t change my portfolio. I am still holding top altcoins from 2017, but they continously falling from this year.
While altcoins that were created in 2019 are more profitable: MATIC - 250% ROI, Chainlink  - 1300% ROI, BTT - 25% ROI.

[Arkann]

In the current state of the cryptocurrency market, Ethereum and Bitcoin look more stable, while other altcoin look attractive enough for investment, as prices are reduced.  But with the choice you need to be a little more careful, because not all coins will be able to show good results in the future.  You need to choose only those altcoins that are of interest to the largest number of cryptocurrency users.  Most of all, I prefer altcoins, which are directly related to gambling (Tron, Dash, EOS).

[scambust]

It depends. What if somehow you sold off your altcoin with a 80% loss for BTC or another altcoin. And then within one week, it does a 5x? You're left with your newly acquired altcoin which has not yet moved at all. Portfolio renewal is easy to say. I believe you need to re-assess if the dev team is progressing or not. If the coins are close to being abandoned, only then you should realize your loss.

[gensol]

Do you think selling off to Bitcoin at this moment is a good idea? What I would suggest for any alt trader that's held this long to do is hold on a little while longer market stabilized you recover some funds. Invest new funds in other potential coins aside your current portfolio.

[Jadesola]

Though altcoins are not enjoying the best of time now but that is not to say that we do not have altcoins that will be of benefits to us in the future, we don't have to change our portfolio if we have not got a better option.

[bigcash2011]

That is the reason why most of people here are struggling including me, i do sometimes try to re-order my portfolio but i always get confused and also behave lazily but i think good altcoins will definitely make a move soon while btc and eth will also have a great next year, it is both my analysis and gut feeling.

[South Park]

Many people are too busy getting worried about altcoin losing value and only smart investors are taking the advantage of this present market value,they keep buying both old and new altcoins for long term hold because they believe that altcoin season will return.

There is no point in accumulating altcoins at the moment, if the price of bitcoin goes down altcoins will crash both in dollars and in bitcoin, the time to accumulate altcoins will come once we see an important correction in the price of bitcoin, also there is no point in accumulating new coins, yes you can get some great profits with a new coin but the risk is not worth it due to the huge number of scammers in the market, but if you are decided to accumulate altcoins now only buy those that are in the top 20, any coin outside of it is simply too risky to consider.

[Rikotin]

it was indeed a good decision. if we already feel that tokens do not have significant price growth, it is better to sell or replace them with others. btc and eth are the right choice for now

[1BTC EQUALS 1CAR]

Are you aware that the current market conditions are really very bad? altcoin prices are down, while bitcoin is still enjoying its movements. if the market continues like this continues, I doubt altcoin will still be in the market. an investor we must have a good strategy to avoid this loss,
- if you are not sure about altcoin, you can exchange it for bitcoin.

-If you still survive with altcoin, you need to update them with potential altcoin. as already listed in the top 10 rankings at Coinmarcetcap.

someone will survive in the market if you can control your own portfolio, so if you cannot manage your assets properly, you will not last long in this market.

Believe it or not,if there will ever going to be a next altcoin season many new projects will be the most favoured,because after spending a week entirely on research i have seen some very rare good projects that are still very new and havent get listed on CMC yet so some top 20 altcoins of today will be replaced by few rare gems soon

You got it right. Just repeat and recycle the strategy which is invest with the new coins and cash out your profit on the older coins and leave them for good. It is just so funny when most people that go to crypto was really to get money but when they become attach to their coins for so long, they sound noble and will stick to it until it makes and exit scam or entirely delisted.

[Samboo]

Bitcoin is increasing lately. But sadly altcoins are not increasing in price as compared to the king coin. So I think time has come to switch to bitcoin or replace worthless coins with good altcoins like ethereum, binance coin etc.

[Rustamm]

In general, you are right, the price of Bitcoin is constantly growing while many altcoins have fallen in price. Therefore, it was often said here on the forum that you need to keep most of your crypto portfolio in Bitcoin and invest the rest in top altcoins. Perhaps we can get profit from investing in altcoins only in 2020 or the beginning of 2021 based on the latest events in the crypto world.