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Author Topic: I feared new altcoins might be left out  (Read 1991 times)
arimamib
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January 16, 2020, 07:58:15 AM
 #61

Your decision to go for bitcoin leaving behind altcoins is very good. In fact, this move of yours will get you to a position where you will get more profits in the coming days as bitcoin halving is coming in. I think bitcoin will reach somewhere between $15000 and $16000 in the next three or four months. So buying bitcoin at present is very much good step.
Yes it is indeed the right decision to invest in bitcoin because in my opinion this year the price of bitcoin will continue to surge and arguably provides benefits for those of us who hold the coin. But this does not mean that altcoin is bad or not suitable for investment, there are still some good altcoins that have the potential to be invested like some of the top altcoins and for new altcoins myself I think it's better to sell them.

actually altcoin can also provide benefits and can be faster too, but usually the top altcoin can provide even that if there is potential when investing. so to invest in altcoin will indeed require more accuracy compared to bitcoin because bitcoin has more potential to be invested.

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January 16, 2020, 07:58:52 AM
 #62

I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position
Isn't it already being left out though? I mean new alts cannot survive that well in the market even in a positive trend. Some may survive and the others not that lucky.
If we're looking at the market prices, as of now, a lot of alts are having a good price, especially the major alts, but because there's a bit of decrease in the price of bitcoin, it might be why a lot of them is a bit in the red zone. But, it's still a lot higher than the last few days' prices.
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January 16, 2020, 08:07:46 AM
 #63

I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position
That is a risk that you should realize when you invest in crypto. There is no 100% guarantee to see the coin will be staying in the top price or will survive in the crypto market. All you can do is analyze more, and more so you will know what you should do, and if you think that the coin will not survive in a long time, you can sell it at any time but make sure you can sell if the price can be higher as your buy price so you can make a profit.

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January 16, 2020, 08:24:42 AM
 #64

In my view for global crypto market we still need altcoins so major altcoin such as Eth or maybe ripple will never been lack of interest at least for next several years and having them into your portfolio will be good because they very potential altcoins but if you so fear altcoin will left out i think it's not wrong because if we compare bitcoin and altcoin then the safest coin to invest obviously bitcoin so basically i want to says if you didn't believe altcoin then stick to bitcoin also good option

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January 16, 2020, 08:44:49 AM
 #65

I personally don't think all the new altcoin would be left out, if there's a bull run. It's basically dependent on the project in question and the trust they've gathered from their community. Exchanging your new altcoin to Bitcoin is not a bad idea as bitcoin is a better store of value.

Bull run means entire market will be affected. Shitcoins will run up. I mean,,, just look at this current rally. Bitcoin led the way as usual but all the other alts also climbed, most even higher than Bitcoin but volumes did not really jump, Bitcoin was the one doing all the heavy lifting. So yes,,, keep your value in btc if you do not have time to speculate.

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January 16, 2020, 09:08:51 AM
 #66

I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position

Not every altcoin you see around is useless. Some will npt just survive, but will make meaningful impacts, because they have long term prospects. Yes, there are so many of them that will die, because they lack that which is necessary to survive. Your choice will determine what will happen, irrespective of whether you are investing on them or not.
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January 16, 2020, 09:10:31 AM
 #67

Its getting more tougher for new projects to become successful in adoption rate and find raising simply because of ruined trust of investors, to say the truth many new coins are just repetitive of old projects that's why they never succeed
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January 16, 2020, 09:15:57 AM
 #68

No one knows if what or how or when altcoin will survive or go along with the rise of bitcoin what we only know according to history was if there was another bullrun altcoin will do the same path with btc but time changes its not always be the same as before so we have to prepare and choose the best strategy we can gain profit.
It will still depend on what altcoin it is. What's the purpose and use. Some top or tested altcoin will also pump when btc pump, but in terms of some new altcoins especially if it's just like the use of old alt project then it can be left out. All depends on team idea, progress and how they still market it.

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January 16, 2020, 11:33:53 AM
 #69

No one knows if what or how or when altcoin will survive or go along with the rise of bitcoin what we only know according to history was if there was another bullrun altcoin will do the same path with btc but time changes its not always be the same as before so we have to prepare and choose the best strategy we can gain profit.
It will still depend on what altcoin it is. What's the purpose and use. Some top or tested altcoin will also pump when btc pump, but in terms of some new altcoins especially if it's just like the use of old alt project then it can be left out. All depends on team idea, progress and how they still market it.
Yes, we can use ethereum as an example. Its price follows the price of bitcoin. Every time that bitcoin increases, the price of ethereum also increases. It will really depend on the project and its development. If it will be able to be one of the most pick altcoins in the market, then there is no wonder that certain altcoins will survive.



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Rainbot
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January 16, 2020, 11:42:43 AM
 #70

Not only just new, but many old coins will vanish too, it's because of lack of investors, volume and developments! So, it's always better to sell them and convert the money in Bitcoin or Ethereum! I already sold all of my shitcoins, and collecting the Bitcoin and some of my other picked coins! Though I don't know Bitcoin price will hit a new high or not, but it's possible for bitcoin to reach at least 15-16K ISD in this year, that's double of the current value.

Bitcoin is gonna hit 100K usd
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January 16, 2020, 11:51:21 AM
 #71

Not only just new, but many old coins will vanish too, it's because of lack of investors, volume and developments! So, it's always better to sell them and convert the money in Bitcoin or Ethereum! I already sold all of my shitcoins, and collecting the Bitcoin and some of my other picked coins! Though I don't know Bitcoin price will hit a new high or not, but it's possible for bitcoin to reach at least 15-16K ISD in this year, that's double of the current value.

Something that really must be done. I also have a lot of shitcoin, some that still have prices and some that don't have prices. All tokens that have prices I sell and move to Bitcoin, it's a good thing to do. Because remembering bitcoin will continue to increase going forward.

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January 16, 2020, 12:07:25 PM
 #72

No one knows if what or how or when altcoin will survive or go along with the rise of bitcoin what we only know according to history was if there was another bullrun altcoin will do the same path with btc but time changes its not always be the same as before so we have to prepare and choose the best strategy we can gain profit.

I used to think negatively just like what OP stated on his post, and I tried to reverse the psychology that I need to be strong. Facing the challenges this year is a very exciting path to future wealth. My motivations here is avoiding being too emotional with altcoins market, because it's the number one reason why a person panic in the long run.
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January 16, 2020, 12:14:38 PM
 #73

I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position

New Altcoin needs time to be able to compete with established coins or tokens. As a new project, it takes time to gain investor confidence and also develop its products and I think it is a safe step to sell new project tokens and exchange them for bitcoin
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January 16, 2020, 12:21:33 PM
 #74

I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position

New Altcoin needs time to be able to compete with established coins or tokens. As a new project, it takes time to gain investor confidence and also develop its products and I think it is a safe step to sell new project tokens and exchange them for bitcoin
Indeed, when a new coin enters the market it will take lots of struggles and hardships to prove the worth of your coin and that will take years to be done but once your coin gets known it will be worth it because investors will trust it but in this year new altcoins can really be in danger because of the possible massive price pump of bitcoin that can surpass its ATH so if you have quite big money on new coins then it is a wise move to convert them into bitcoin or other worth it cryptocurrency like ETH.



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Rainbot
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January 16, 2020, 12:21:52 PM
 #75

I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position

New Altcoin needs time to be able to compete with established coins or tokens. As a new project, it takes time to gain investor confidence and also develop its products and I think it is a safe step to sell new project tokens and exchange them for bitcoin
I think, almost everyone thinks the same as him. I also think that altcoin is starting to be abandoned, so I refocused on bitcoin. It's just that, I didn't change my altcoin to bitcoin, that's because I saved ethereum, and I believe that the price will go up as the price of bitcoin goes up. so, whether it's in BTC or USD pairs, the price will definitely go up.
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January 16, 2020, 12:33:53 PM
 #76

I have the same thoughts as you. I have a lot of new coins from the bounty in my wallet, I keep holding it in because now the price is very cheap and some have no idea the price. I am sure if the altcoin season arrives they will have a much higher selling value than today. all you have to do now is keep believing that the altcoin season will come again and keep looking for new coins  Smiley

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January 16, 2020, 12:59:59 PM
 #77

I feared new altcoins will be left out so i start selling some coins for bitcoin because it can be a big blow if altcoin fails to surge like in 2017 after bitcoin reach a new ATH, what do you think? And what would you have done in my position
Anyone is entitled to their opinion, if that's what you think about the market situation then it's fine as long as you are confident about what your doing, and we can't blame you. because base on the market trend today, only few alts is showing some positive gains and most of them is not performing well. that's why selling some of your altcoin holdings is a surest thing to do.
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January 16, 2020, 01:05:25 PM
 #78

New altcoins can't be left out because they are here to fix what the old coins can't get fixed, only bad projects will be drag down by bear market or other common issues affecting new coins nowadays, if a coin is very useful it will surely caught the eye of big investors

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January 16, 2020, 01:16:38 PM
 #79

If I were my friend, I wouldn't sell new coins. we should not abandon altcoin because if all supporting altcoin will be very developed and bring profit no less than bitcoin Roll Eyes
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January 16, 2020, 01:20:34 PM
 #80

Cryptocurrencies will not be abandoned, new replacement money will not be abandoned, so trust them. Although altcoins are not as strong as in 2017, they are still stable and have many opportunities.
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