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ethereumhunter
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January 11, 2020, 02:49:25 PM |
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That will be up to you because that is your coins. However, if you believe that your coins can increase in the future, you should still hold the coin and not selling right now. We don't know what will happen in the future, but we know that the crypto market still trying to rise again after it's down for a long time, and now, you are lucky to see that your coin still has a price. I still hold some altcoins in my wallet, and I am sure that my coin will be increased in the future, and that is why I still hold it.
We know that all coins follow bitcoin movements and if the bull run comes, and that makes bitcoin price increase, the altcoin will follow to increase. That means we have a chance to sell the altcoin to rise again. But once again, if you decide to sell it right now, you don't need to be sad if, in the future, you see that your coin increase higher.
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Gotumoot
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January 11, 2020, 02:49:53 PM |
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It is best to take a look at what the altcoins status now and let's see if they are progressive or not. And if you look at this and there is no hope of price increase that it would be better to sell and buy bitcoin especially now that bitcoin is cheap. Because it's definitely worth our investment here once the bitcoin bull run starts.
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Chainsmokers
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January 11, 2020, 02:58:14 PM |
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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.
Even though we sell our new coins when the price falls or we get a loss, but I think investing in bitcoin can recover the losses we get and it is fortunate if the new coins that you have still have value and can be sold compared to hold it and later it will only end up being junk inside purse. Maybe if you have bigger funds you can use it to invest in other top altcoins to compile a good portfolio. |
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MI6
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January 11, 2020, 03:32:51 PM |
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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
If the condition is like you, i will agree to sell that coins. Actually i get same experience too, and i sell my coins from bounty maybe around $10 or $30. And with that i learn that if the price is good, or already enough although not ICO price, sell your tokens.  |
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shinratensei_
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January 11, 2020, 03:38:09 PM |
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I don't know if its the right call or not but i just feel like its better to sell my bags of altcoins for bitcoin, most of the altcoins i owned are not top altcoins, mostly new coins from bounties and I've seen coins worth of 2k turn 20$ 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
It's better to do that but, isn't it better for you to put some into the altcoins that if following the bitcoin direction? Not a lot of altcoins are getting the bearish trend and it looks like that some altcoins that have developed the product are following bitcoin right now. Im still having a big chunks in crypterium and im still at 3x profit right now as i have bought that when the price was around $0.1. The direction of this coin is also very straight with bitcoin too. Im also having some bitcoins too. |
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DDante
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January 11, 2020, 03:53:03 PM |
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It's a good advice for mostly bounty hunters, when you make any profits no matter how small it is always pull them out while you can, reinvest it into bitcoin or too 10 altcoins, they are more reliable than other coins, few new altcoins are good if you know how to detect them.
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Ratash
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January 11, 2020, 04:25:01 PM |
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Yes the altcoins are having difficulties and bitcoin has shown that it always pump up and people are right to put their money on it but still there are some altcoins that have potential and are good to invest in.
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anjiitem
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January 11, 2020, 04:38:47 PM |
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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.
For now, I think that new projects are difficult to develop the projects that they are carrying and instead many tokens that are obtained from them end up with no value. But it is true that sometimes we have to think about it before deciding to sell it and know about the project and the team behind it in developing the project, even though selling it and reinvesting it into BTC is a good choice too but sometimes we need to rethink and not blindly sell everything new coins we have. |
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Youghoor
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January 11, 2020, 05:50:37 PM |
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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
Considering the entire crypto ecosystem and new coins entering the Altcoin market, it is not worth it to hold some new altcoins for long. I always advice people to sell them for top cryptocurrencies because most of these new coins do not really have anything to add to the crypto ecosystem. If you decide to keep a new altcoin, you should know and understand what that coin is introducing into the crypto market and how different and unique its ideologies are. If it has a particular purpose, it is okay to hold unto it.. |
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Ridwan.P
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January 11, 2020, 06:07:41 PM |
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The things you do are correct. Do not be too long to hold altcoin from the bounty. It's hard to predict when prices will rise. But, better don't sell altcoin quickly which is obtained from the bounty. You better look at the information in their telegram group, whether they want to be listed on a large exchange or not.
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mobilestrike
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January 11, 2020, 06:20:17 PM |
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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 it is also right in the current time to transfer your all money from other assets to bitcoin as the price of bitcoin is rising faster but you also need to keep in mind that when altcoin season come then all of the altcoins will rise so in that time try to buy a number of good altcoins. It will be a good trading strategy for all of the traders as it will increase our money as well as in the altcoin season it will increase our bitcoins. |
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mersal
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January 11, 2020, 06:29:21 PM |
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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
Buying bitcoin has never been a bad idea when the user is interested in holding long term.Some altcoins can give better profits but most will die in the long run so don't hesitate as you said but profits will not come over night or in weeks,someone who wants more profits then this is the right time hopefully the chances of price hit $28K after few months of halvening so its huge price from the current one. |
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nicolas1979
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January 11, 2020, 07:29:30 PM |
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Every activity has risk, even we sell all altcoin into bitcoin it doesn't mean we can get profit. I know your point but we also know not all coin not already listing so where we can get the buyer?. Some people use shit coin as give away, and rest of them sell it just like you. To hold shit coin is really problem but I must say your advice is right, sell all to get money and invested into bitcoin. Market still in red zone but I'm sure as popular coin bitcoin will have bigger chance to rise again.
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dataispower
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January 11, 2020, 07:33:01 PM |
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I think converting altcoins especially those with little to no development progress, to Bitcoin is a very good idea. Well, nobody knows which coin is going to give good gains the next moment even though Bitcoin right now is safe haven. I'm holding a few altcoins just in case.
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cytpoway121
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January 11, 2020, 07:34:24 PM |
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In crypto currency, it's good to have a strategy when handling your portfolio.
But you do not clear all bags of altcoins.
Some few altcoins will give you more profits that bitcoin in few month's.
So the question is what type of altcoin. Do you have in your bag???
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bttmember
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AMEPAY
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January 11, 2020, 07:36:26 PM |
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I know many people have done the same because new coins posses a lot of risk, as they are already way below ico prices secondly there is always risk of failure or exit scam so yes considering the current market this is correct strayegy but you can always filter the good one's, i mean if there are couple among dozens you hold that you think are really good projects with competent teams then you should hold and they will be worth it. During last cycle there were big runs shown by such under dog projects and this time around it will happen again, it is just a matter of time.
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abeecrypto
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January 11, 2020, 10:01:04 PM |
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Eerrm! That depends on the coin you are talking about. Some coins might be doing badly now, but some of them could go up when the market start booming. Especially, the ones backed by potentially good products and market.
And, of course, Bitcoin is the best choice when it comes to buying.
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rizkyalhabsy
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January 11, 2020, 10:05:30 PM |
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In accordance with current market conditions, it is very good to choose BTC because there will be halving in May this year. according to statistics from every halving shows a positive respone.
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jossiel
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January 11, 2020, 10:40:12 PM |
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If those alts are not from the top then it's okay to sell those for bitcoin but those losses that you have made with that, I think you should start to accept the fact that you have made it because you invested wrongly with those alts.
Finally, you can recover it by reinvesting to bitcoin and keep it increasing overtime.
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Doell
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January 11, 2020, 10:41:42 PM |
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of course a very good idea is that your new altcoin is more profitable if its change in the form of bitcoin ,anyway bitcoin will start recovery in next few months and its highly recommended we all do that ,but you need to add old altcoin for some possibilities that will happen later must be conditioned in making a profit
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