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Author Topic: If you have to sell bitcoin to an alt, so...  (Read 885 times)
davinchi
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November 01, 2019, 02:18:29 PM
 #81

It depends on the market situation, buying alts with btc is also good when the alts have the potential to grow.
Also if we buy bitcoin and get profits from bitcoin trade, then we buy some alts for good and the alts also makes profits.
That means we will get multiple profits from what we're doing which is really nice

Yes. But depends on altcoins, so you should check out carefully which coin is good to trade at, we should analyze these things carefully before we will buy any altcoins. But as per now we can see that the purchasing power of Bitcoin is rapidly increasing compare to altcoins.
I have still not seen that coin that will make me change my bitcoin to it, and not even the almighty Ethereum, I trust my investment in bitcoin so much that I believe that any satoshi that I lost or change to another coin is a missing opportunity, but that is when I have already diversified my portfolio, but if I am a beginner of altcoin, i will only use bitcoin at that point that I am making investment, which means I would have considered the coins that I will buy with bitcoin, and also consider the amount of bitcoin that I intend buying already.

It is also good to diversify to altcoins, but I don’t think changing bitcoin to altcoin at a developed stage is really wise, because it could be the time that we are changing that btc to alt that we will see a bull run, which would not have affected altcoins in terms of profit as much as it would affect bitcoin.
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November 01, 2019, 03:19:00 PM
 #82

Describing a shitcoin varies from person to person. An alt that made you good money doesn't mean that it's a promising one. So please be honest, and if you ever have to sell your btc, what would you buy with them?

My first vote to Monero, for privacy reasons. Fuk ZEC and its "optional privacy" which is NOT a privacy actually. DASH? Lol, no privacy. Another bitcoin clone methinks.
Second one is Ethereum, there is no serious competitor in smart contract area.

I cannot find third one. Maybe NANO.

I've been doing this in 2017 because there are a lot of good coins to buy in their ICO stage in that year, I trade my Bitcoin for these coins that's become a shitcoin, so I don't think I'm going to do it now in a new coin, but I have to sell my Bitcoin for altcoins, it should be on a more stable coins in the market, like EOS, Tron, and Ethereum, these are stable coins and will always stay on top in the market, because of their contribution in the industry.

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November 01, 2019, 03:27:12 PM
 #83

Describing a shitcoin varies from person to person. An alt that made you good money doesn't mean that it's a promising one. So please be honest, and if you ever have to sell your btc, what would you buy with them?

My first vote to Monero, for privacy reasons. Fuk ZEC and its "optional privacy" which is NOT a privacy actually. DASH? Lol, no privacy. Another bitcoin clone methinks.
Second one is Ethereum, there is no serious competitor in smart contract area.

I cannot find third one. Maybe NANO.

I've been doing this in 2017 because there are a lot of good coins to buy in their ICO stage in that year, I trade my Bitcoin for these coins that's become a shitcoin, so I don't think I'm going to do it now in a new coin, but I have to sell my Bitcoin for altcoins, it should be on a more stable coins in the market, like EOS, Tron, and Ethereum, these are stable coins and will always stay on top in the market, because of their contribution in the industry.

In that year altcoins are in demand and we can say that has a good future compare to this day that we don't have much successful ICOs as many of them were scams, as well as there are lots of investors during those time unlike today wherein people are tired and stressed for having a scam ICO or projects
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November 01, 2019, 03:57:48 PM
 #84

I was thinking about BNB or when ETH becomes staking maybe ETH. I really don't want to put all my money into one thing but I know bitcoin will always have the biggest share in my portfolio, that is for sure and will never change. I have some other alts but I don't like them, I am not entirely sure if I really want to invest into altcoins anymore, some tokens that can be utilized look a lot better if you ask me.

So right now, I like eos a bit, it is not that bad and china loves it, there is over one billion people there so it is a good sign, I like eth because they are improving and maybe I may go for tron because it makes headlines all the time but thats about it, I doubt I would go for tron neither but even if I do this is the all coins I could ever consider for now.

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November 01, 2019, 04:02:54 PM
 #85

You already have Monero and ETH, they are both very different when it comes to its properties.  But they are good investment if you have the the funds to hold a lot of them. Monero will keep you steps ahead when the IRS creeps around to crypto holders buying it on DEX right now will be best to do than on centralized exchange.

32 ETH is a good number to hold for now til you learn what's waiting for ETH in the coming fork. Experts says 32ETH will allow you to participate in staking. For the 3rd coin NANO I guess would be one. You done your research. Keep more of the BTC in your portfolio though.

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November 01, 2019, 04:13:43 PM
 #86

Maybe BNB could be the right choice if you sell your Bitcoin to Alt. Binance is a project that until now there are still many customers trading there, and of course their own coin, BNB, will continue to exist in a high volume market. I personally have bought some BNB for my long term investment.

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November 01, 2019, 04:21:45 PM
 #87

Maybe BNB could be the right choice if you sell your Bitcoin to Alt. Binance is a project that until now there are still many customers trading there, and of course their own coin, BNB, will continue to exist in a high volume market. I personally have bought some BNB for my long term investment.
Maybe? But there are good altcoins out there just like Ethereum or choose a stable coin just like the XRP token. Binance coins may be subjected to a manipulated coins with its own exchange but it doesn't matter anyway if a trader or investor wants to choose their favorite coins to invest.

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November 01, 2019, 04:55:04 PM
 #88

Only if i buy altcoins with my BTC, first must be Ethereum, and then maybe i save a little, very little amount to buy doge. I think Dogecoin have potential to get pumped. Although without development update, usually Dogecoin is good to speculate because it is already pumped and dumped in so many times. And Dogecoin not changed to be dead coin until now.

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November 01, 2019, 05:44:33 PM
 #89

For me personally, if I have a large amount of Bitcoin, I will share 50% of my Bitcoin to buy Ethereum and Litecoin.
because besides Bitcoin Ethereum and Litecoin is my paforite Altcoin which in my opinion is always profitable for me, so I have three of the best and profitable coins in the coming months.

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November 01, 2019, 06:18:13 PM
 #90

I prefer having almost everything in ETH because I am completely fine with holding that for 5 years if I had. Pretty much everything rises and falls together anyway. I do have around 40% in a ton of different altcoins just to get some diversification and maybe one of them really explodes in price but all of them have solid Devs behind them so I am fine with HODLing for years in the worst case. One thing I should mention is that only because a coin is trash doesn't mean that it can't explode in price in the short term or stay along for way too long. Crypto is a crazy place. Either way I wouldn't be happy to keep that for the long term.
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November 01, 2019, 08:00:53 PM
 #91

Well, I don't think it's a good idea to sell BITCOIN for altcoins, there is a huge difference between Bitcoin and all other coins. So, I won't prefer any other coin over bitcoin.
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November 01, 2019, 10:35:19 PM
 #92

If ever I have to sell my Bitcoin for altcoins, it probably not for shitcoins or new coins created. Of course, I'll go for ETH or among the top 10 altcoins in the market. But most likely, I will never sell my bitcoins for this. I only sell by Bitcoin not for a trade but keeping it while the market is not working good and taking back again once prices move back. It is eventually not a long-term variation, but it is all about the trade from BTC-fiat-BTC.

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November 02, 2019, 03:02:44 AM
 #93

I don't want to sell my bitcoin for buying altcoin because bitcoin is still worth it for me and needs time for me to earn more bitcoin. Although altcoin can increase, I still hold my bitcoin. Besides that, I already have many altcoins right now. And all of my altcoins is waiting for the best time to increase. But if there is a downtime for ETH and if the ETH price can go down deeper than the price now, maybe I will spend some bitcoin to buy more ETH because I believe that ETH can increase so high in the future.

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November 02, 2019, 04:11:34 AM
 #94

If ever I have to sell my Bitcoin for altcoins, it probably not for shitcoins or new coins created. Of course, I'll go for ETH or among the top 10 altcoins in the market. But most likely, I will never sell my bitcoins for this. I only sell by Bitcoin not for a trade but keeping it while the market is not working good and taking back again once prices move back. It is eventually not a long-term variation, but it is all about the trade from BTC-fiat-BTC.
Agree with you. we better not sell Bitcoin because investing in bitcoin is the main thing in my investment concept in cryptocurrency. Adding a portfolio to Altcoin is only done if I have money. and even then it needs to be careful not to get caught up in altcoin which turns out to be a scam. we don't want to get any loss from that investment

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November 02, 2019, 04:51:16 AM
 #95

Maybe I would go with ETH and LTC I also like Monero,
I would avoid investing in some new alt-coin unless I have seen something promising to them,
And if I think that they could survive in the market not another of those who would end up being useless and priceless shitcoin.

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November 02, 2019, 05:03:32 AM
 #96

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November 02, 2019, 09:22:13 AM
 #97

Maybe I would go with ETH and LTC I also like Monero,
I would avoid investing in some new alt-coin unless I have seen something promising to them,
And if I think that they could survive in the market not another of those who would end up being useless and priceless shitcoin.
Me too! I would invest it at eth, we knew that eth is the second to bitcoin and the most popular and having a lot of investor I think, it would not be extinct and have a good volume. For now I am finding another coin that is stable I think I will buy more XRP too, when I used that , transactions are very fast.
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November 02, 2019, 06:40:59 PM
 #98

Describing a shitcoin varies from person to person. An alt that made you good money doesn't mean that it's a promising one. So please be honest, and if you ever have to sell your btc, what would you buy with them?

My first vote to Monero, for privacy reasons. Fuk ZEC and its "optional privacy" which is NOT a privacy actually. DASH? Lol, no privacy. Another bitcoin clone methinks.
Second one is Ethereum, there is no serious competitor in smart contract area.

I cannot find third one. Maybe NANO.
You are just expressing what many members of the forum think, despite the thousands of coins that we have in the market if you take a serious look at many of them you understand that they are not worth anything and there is not a reason for you to sell your bitcoin to acquire those coins, this is probably the strongest reason why long term holders are only holding bitcoin and nothing else.

If they decide to invest in other coins most likely they are doing this not because they believe in that coin but just to speculate with it and then get more bitcoin in return, my conclusion is that if you are happy holding your bitcoin do not waste your time with altcoins.

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November 03, 2019, 12:18:37 PM
 #99

Would go to Ethereum at first because we already know what and how good Ethereum is in past 2 weeks after China's commments Cheesy
The second one would be Monero because of this article so Monero's price would be at a good spot in the future.

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November 03, 2019, 02:02:58 PM
 #100

Would go to Ethereum at first because we already know what and how good Ethereum is in past 2 weeks after China's commments Cheesy
The second one would be Monero because of this article so Monero's price would be at a good spot in the future.
Obviously Ethereum and Monero is good spot in the future so long term analysis is positive in these two altcoins. This year BNB performance was attract the total market so everyone concentrate the BNB investment but sudden dump make noise on all the altcoins. I think USDT is the other choice for Bitcoin so once market fluctuations will occur automatically most are move to USDT.

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