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Author Topic: Coming from altcoin to bitcoin  (Read 1081 times)
Ken_terrance (OP)
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January 11, 2020, 01:01:24 PM
 #1

I don't know if its the right call or not but i just feel like its better to sell my bags of altcoins for bitcoin, most of the altcoins i owned are not top altcoins, mostly new coins from bounties and I've seen coins worth of 2k turn 20$ while holding them, finally i decide to take out the losses and invest in bitcoin, if you are holding any altcoins that aren't good enough do not hesitate to sell for bitcoin to at least make some profits

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January 11, 2020, 01:20:33 PM
 #2

deciding to sell new altcoins is indeed the right choice because they are not worth holding for a long time, but when we hold altcoins that already have good popularity in this market then i don't think they should be sold, because when the bullish trend comes on the market these altcoins who already have a reputation will get improvement too and i'm sure about that

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January 11, 2020, 01:26:01 PM
 #3

For me, selling all your altcoins just for bitcoin is a wise decision. In fact I am also planning to do so. It is not just bitcoin halving that is luring me to do so. It is just I have realized that bitcoin is the only coin that will be in demand for years. And there is no doubt that price of bitcoin will increase or remain stable. But never go down like altcoins.

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January 11, 2020, 01:34:49 PM
 #4

The different between altcoins and bitcoin is marginal, its a wise choice going all in for bitcoin and abandoning new altcoins, they lose value in short term and few ones never goes up again, the best strategy is to invest in bitcoin, when you made better money you an invest in top altcoins too

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January 11, 2020, 01:37:53 PM
 #5

Taking steps to sell alt for bitcoin is a good way to reduce risk. If the top altcoin in my opinion is still legitimate in investing, because price movements are still likely to follow Bitcoin. for the new project I suggest not to focus too much and invest as a whole. Portfolio allocation is indeed very important to take maximum advantage. The main bitcoin in my opinion is the right step, and halving is coming soon.

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January 11, 2020, 01:43:33 PM
 #6

You're lucky they still have prices.

Since I got to know crypto through this forum, almost all new altcoins that were launched at that time, are now experiencing a price reduction of up to 97% compared to when opening trade where it has increased up to 3x the initial offering price.
If we look more closely at the new altcoin big traders, they'll no longer hold and trade it. To be exact, they only last a few moments from opening trade (say 2 to 3 months). After that, they will change their original assets to Bitcoin, and wait for another new altcoin to come again to pump the price at the beginning of the trade started as they did in the previous altcoin they left behind.

So my advice, if you hold new altcoins, sell them while you have good prices and don't expect their prices to creep up by holding them longer.

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January 11, 2020, 01:48:27 PM
 #7

I don't know if its the right call or not but i just feel like its better to sell my bags of altcoins for bitcoin, most of the altcoins i owned are not top altcoins, mostly new coins from bounties and I've seen coins worth of 2k turn 20$ while holding them, finally i decide to take out the losses and invest in bitcoin, if you are holding any altcoins that aren't good enough do not hesitate to sell for bitcoin to at least make some profits

Good call right now. I would say that hopefully you are not in too much loss but of course you are depending on how long did you hodled them. There will be an altseason too i think but right now i wouldn't bet to anything that goes down in btc. And it seems like almost everything decent does.
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January 11, 2020, 01:58:47 PM
 #8

I don't know if its the right call or not but i just feel like its better to sell my bags of altcoins for bitcoin, most of the altcoins i owned are not top altcoins, mostly new coins from bounties and I've seen coins worth of 2k turn 20$ while holding them, finally i decide to take out the losses and invest in bitcoin, if you are holding any altcoins that aren't good enough do not hesitate to sell for bitcoin to at least make some profits

This depends on the activity of altcoin.  If the one I holding happens to be dying, then I will not hesitate to convert it to Bitcoin but if the one I am holding have a huge community and delivers its roadmap then, I won't sell it to Bitcoin at a lost.  I will wait till I can get my capital back or have at least a little profit before exchanging it to Bitcoin.
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January 11, 2020, 02:06:00 PM
 #9

I don't know if its the right call or not but i just feel like its better to sell my bags of altcoins for bitcoin, most of the altcoins i owned are not top altcoins, mostly new coins from bounties and I've seen coins worth of 2k turn 20$ while holding them, finally i decide to take out the losses and invest in bitcoin, if you are holding any altcoins that aren't good enough do not hesitate to sell for bitcoin to at least make some profits
Agree. This and the upcoming years are high time for Bitcoin as halving is near and past result always been good for post halving price. At least you're really sure about your alts, I suggest going all-in Bitcoin instead.

The recent Us-Iran tension has proved that Bitcoin is perceived as store of value by most people as the price was jumped by more than $1,000 shortly after the event.
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January 11, 2020, 02:06:15 PM
 #10

you do not need to hesitate to sell the coin that is not good enough but you can not blindly sell a coin that is not top coin because it still has a chance to make a comeback.
I have been holding a coin from top 1000 project for a year, I keep holding it because they are still actively developing their even though they are not top coin. and it turned out it goes back to where it was, there is no harm in holding a low cap project.
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January 11, 2020, 02:06:58 PM
 #11

Yeah, we must sell quickly altcoins or tokens from bounties or airdrops if we don't have idea what will going on with that, i think convert it in btc will make you relax, not thinking it will dump so for like that.
I'm also just sell 50% token from bounties when i got paid, becuse in 2017's moment give me some experience that don't hold so long if it not top token or don't have potential.

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January 11, 2020, 02:08:03 PM
 #12

That is rare, which is good, in my opinion, altcoin which is not in the top coins, so I think it is useless and it is better to sell it and then invest in bitcoin in my opinion, that's a good idea.
When I get a new token from the bounty, I immediately sell it and don't hold it for a long time because I know that altcoin no longer has good potential, so it's better to throw it at a cheap price than there is no value at all.

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January 11, 2020, 02:11:00 PM
 #13

I don't know if its the right call or not but i just feel like its better to sell my bags of altcoins for bitcoin, most of the altcoins i owned are not top altcoins, mostly new coins from bounties and I've seen coins worth of 2k turn 20$ while holding them, finally i decide to take out the losses and invest in bitcoin, if you are holding any altcoins that aren't good enough do not hesitate to sell for bitcoin to at least make some profits

Yes, that will be the best decision in your side as most of the altcoins that are not listed in at least top 20 are almost struggling right now due to high percentage of bitcoin dominance.

Earning a small profit by selling your altcoins is a good choice then invest it to bitcoin as there is a big chance that bitcoin will continue to grow due to it's high demand from the big whales. I am not really fan with bitcoin due to it's high price therefore I prefer the top 2-5 coins to invest as there is a big chance that my little investment will multiply once the market will recover again.

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January 11, 2020, 02:14:57 PM
 #14

Turning altcoins to Bitcoin is actually a good decision.
Altcoins are holding on so far considering the unstable situation of cryptocurrencies nowadays so your best bet would be holding on to bitcoins.

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January 11, 2020, 02:15:08 PM
 #15

Converting the altcoin that I am holding to bitcoin is exactly what I am doing now. The majority of altcoins today are just around bitcoin and depend on bitcoin.
I used to hold 30% of bitcoin in my total capital, but now it has increased to 50%. The remaining 50%, 30% are in USDT and 20% in altcoin.


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Maslate
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January 11, 2020, 02:27:33 PM
 #16

I don't know if its the right call or not but i just feel like its better to sell my bags of altcoins for bitcoin, most of the altcoins i owned are not top altcoins, mostly new coins from bounties and I've seen coins worth of 2k turn 20$ while holding them, finally i decide to take out the losses and invest in bitcoin, if you are holding any altcoins that aren't good enough do not hesitate to sell for bitcoin to at least make some profits

I hope you don't cut lose that much when you sell your altcoins for bitcoins.
In my case, I would not gamble anymore, I will just wait until altcoins will rise so I could sell, maybe if BTC surpasses its ATH and there's a bull run for BTC but altcoins are still down, then that would be the time I have to sell as I have no choice but at this stage, I don't think it's the right action.

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January 11, 2020, 02:31:16 PM
 #17

I don't know if its the right call or not but i just feel like its better to sell my bags of altcoins for bitcoin, most of the altcoins i owned are not top altcoins, mostly new coins from bounties and I've seen coins worth of 2k turn 20$ while holding them, finally i decide to take out the losses and invest in bitcoin, if you are holding any altcoins that aren't good enough do not hesitate to sell for bitcoin to at least make some profits
For me it was a right call mate!Go ahead and sell those not performing altcoins and buy some bitcoin or coins that looks promising, i'm already experience those kind of situation last 2018 when i was holding some altcoins and hoping that it will be more valuable in a few months time, but i was wrong! instead most of the altcoins prices that i was holding was getting lower and lower each day and when i decided to sell, its already too late. because most of the altcoins price was already -75 percent from the time that i bought it. that's why don't let the same mistake will happen to you, sell it now for good.
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January 11, 2020, 02:32:59 PM
 #18

I don't know if its the right call or not but i just feel like its better to sell my bags of altcoins for bitcoin, most of the altcoins i owned are not top altcoins, mostly new coins from bounties and I've seen coins worth of 2k turn 20$ while holding them, finally i decide to take out the losses and invest in bitcoin, if you are holding any altcoins that aren't good enough do not hesitate to sell for bitcoin to at least make some profits

Splitting investment to many coains at least 5 coins is the best way to invest in cryptocurrency because price of the coins pump and dump in different time so we have time to manage our investment if one of our coins having a dump or pump. Holding 100% investment on bitcoin is not bad but holding many coins at once is a better option for me
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January 11, 2020, 02:36:24 PM
 #19

Bitcoin is the most responsive and its the only coin who never disappoints, i make mistakes in the past going for altcoins and i never recovered my invested money till date, if i have invested all that money on bitcoin i would have make good profits, either ways i learned

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January 11, 2020, 02:47:34 PM
 #20

I don't know if its the right call or not but i just feel like its better to sell my bags of altcoins for bitcoin, most of the altcoins i owned are not top altcoins, mostly new coins from bounties and I've seen coins worth of 2k turn 20$ while holding them, finally i decide to take out the losses and invest in bitcoin, if you are holding any altcoins that aren't good enough do not hesitate to sell for bitcoin to at least make some profits
In my opinion what you are doing is the right choice and I personally will also choose or make the same decision as what you are doing that is selling new coins that I get for me to reinvest into bitcoin even though I sell the new coins at the price down and get a loss, I personally will not regret it because I use it for my investment back into bitcoin which I personally think is more potential to make a profit and hope that the losses that I could previously be covered.
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