Novatech8
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January 31, 2020, 08:23:32 AM |
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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
This is also a very reasonable decision. I also sold a number of small alts outside the top 50 CMC, which are Komodo, Enjin, BTT. These are the alts that didn't have a good growth during the bitcoin bull run. I think our investors are wiser now, they are gradually selling non-potential alts to hold bitcoin and gain good profits in the long run. That's why the Bitcoin dominance is still at a high level of 66% and the rest belongs to the top 10 alts. Maybe investors are fed up with the promise of shit alts out there, now is the time. The crowd invested in the top alts. We should follow the trend to get the best profit. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) You guessed right, i am a altcoin investor since 2017 and i never have interest in bitcoin because of its huge value but today i sold all my altcoins in my portfolio leaving only ETH, BCH, and few New Altcoins that i belief in, just in case, now all my cash goes to bitcoin and i feel comfort since then
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o.ogurlu
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January 31, 2020, 09:48:57 AM |
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Investing in new projects is a risky situation. But if the project is legit and has good vision, your profit rate can be quite high. Therefore, it is necessary to evaluate and analyze the project very well. In addition, many new projects were canceled in 2019 due to insufficient resources. In this case, it caused investors to have less confidence in new projects. However, all new projects are not the same. Therefore, I think the important thing is the project itself rather than the project being new.
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Mianae
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January 31, 2020, 11:28:28 AM |
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Your feelings are real many Altcoins will be left out sooner or later. It's best you do not attach emotions to these things. Stay safe in Bitcoin which has public opinion supporting it.
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SabrinaBianka
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January 31, 2020, 11:32:08 AM |
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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
Some of your details are accurate. Bitcoin are started to pump and also a good alt coins, For me the chance of new alt coins to be famous has reduce on my side, But it is still depends on their blockchain tech if hows it will be use or more use cases.
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slaman29
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January 31, 2020, 02:20:21 PM |
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yep not all alts are bad and if you think the alt that you have , have a potential why will you dispose it ? even if you dispose it for btc that is still a bad move imo . but keep in mind that there are also altcoins that we think good but it turns out bad at the middle or at the end of thier session . these are the coins that we must avoid because these are the coins that will left out . if you are unsure , then better if you only pick btc since also wanted to swap your alts for btc later on .
Of course not all alts are bad, but we really have to admit that the majority are. I even say 99% but I think it's more. 5000 altcoins means only 50 good ones and I personally think even less than that. No need for anyone to play the game I think. Makes the market worse. Just stick to btc.
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calandra78
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January 31, 2020, 02:29:20 PM |
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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
Some of your details are accurate. Bitcoin are started to pump and also a good alt coins, For me the chance of new alt coins to be famous has reduce on my side, But it is still depends on their blockchain tech if hows it will be use or more use cases. when bitcoin is pumping this situation will be very good for altcoin to update. at times like this, the enthusiasm of investors becomes more. but as you say, it depends on how the use of technology and the use of their platform is accepted in the market or not.
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kesmex
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January 31, 2020, 03:23:31 PM |
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selling new altcoins to invest in bitcoin is very good but it all depends on the project because recently I also saw some altcoins that have potential in the future
50% for long-term investment seems good, but you must have a good strategy if something bad happens in your investment, not all new projects end successfully
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wack slacker
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January 31, 2020, 04:36:46 PM |
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Currently, the safest investment is Bitcoin and all the remaining altcoins are at risk. 2017 was the golden age of Altcoin but through 2018 and 2019 we have seen their excessive value decline. We cannot foresee the fate of every altcoin but we have experienced that Altcoin will never be more stable than Bitcoin.
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bison
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January 31, 2020, 04:43:59 PM |
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Currently, the safest investment is Bitcoin and all the remaining altcoins are at risk. 2017 was the golden age of Altcoin but through 2018 and 2019 we have seen their excessive value decline. We cannot foresee the fate of every altcoin but we have experienced that Altcoin will never be more stable than Bitcoin.
to repeat the golden period or get big profits like 2017 I think bitcoin is the best choice. we really can't expect altcoin to be as good as bitcoin but it looks like the current market is strengthening altcoin too.
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Golftech
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January 31, 2020, 04:48:27 PM |
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Currently, the safest investment is Bitcoin and all the remaining altcoins are at risk. 2017 was the golden age of Altcoin but through 2018 and 2019 we have seen their excessive value decline. We cannot foresee the fate of every altcoin but we have experienced that Altcoin will never be more stable than Bitcoin.
Logically right, bitcoin have the advantage in terms of bouncing back and for long term or short term trade. It's tough to pick which alts to invest but if you are really aiming better to work harder and select what kind of alts to invest your money, need to be more extra careful. Invest with what you understand and not just investing blindly.
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Mahanton
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January 31, 2020, 04:52:36 PM |
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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
I understand your fear yet i do able to think the same thing in year 2018 if i would still consider on putting up some money on alts but luckily i do still able to pull out some profits from year 2019 or even on this 2020.Just make sure on sticking on top alts on the market.Shorting them and dont tend to go for long term. It might not be an assurance but there's still possibility on making money if you do know on what you are doing in the market.Just cherish while it last and dont get easily discourage yet we can still see chances on making profit.
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OrangeII
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January 31, 2020, 04:53:02 PM |
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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
if you are in doubt withholding altcoin, the best step is to hold bitcoin. I think I understand your thoughts. however, at this time altcoin is not very good, especially for the new altcoin. however, I think that altcoin is starting to grow, especially for the top altcoin. for example, for ethereum growth, if calculated from last week, the increase has reached 10%, however, it continues. I quite believe the steps you take are good, it's just that, sticking to top altcoin is also quite good.
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Vishnu.Reang
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January 31, 2020, 04:57:00 PM |
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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
I am not seeing any revolutionary new ideas in the cryptocurrency market lately. Back in 2017, we had a large number of altcoins with unique ideas such as Monero, Cardano, NEO and IOTA. During the last 12 months, there have been thousands of new cryptocurrencies coming online, but very few of them managed to catch the attention of the investors.
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distr@yopmail.com
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January 31, 2020, 05:01:39 PM |
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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
I am not seeing any revolutionary new ideas in the cryptocurrency market lately. Back in 2017, we had a large number of altcoins with unique ideas such as Monero, Cardano, NEO and IOTA. During the last 12 months, there have been thousands of new cryptocurrencies coming online, but very few of them managed to catch the attention of the investors. that's because market conditions are also sluggish. the 2017 situation makes everyone excited to invest and trade crypto. but the current situation is not many projects that come with interesting updates. they make platforms that are already on the market and of course, they will be inferior to projects that are already on the market and have more promising value.
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lousie9
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January 31, 2020, 05:52:22 PM |
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I also have the same thoughts as you about the new altcoin. but what I mean is in the form of new tokens generated from the bounty campaign, because most of the new tokens generated from the ICO project are many that have no sale value and cannot last long in the market. if there is no other choice, then selling a new token and replacing it with btc is highly recommended.
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Blackdeath
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January 31, 2020, 06:57:32 PM |
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I also have the same thoughts as you about the new altcoin. but what I mean is in the form of new tokens generated from the bounty campaign, because most of the new tokens generated from the ICO project are many that have no sale value and cannot last long in the market. if there is no other choice, then selling a new token and replacing it with btc is highly recommended.
New altcoins that doesn't have any value at all will definitely be gone soon or later because not all of them has a potential to have a good value and to developed their coin much better, that is why selling out your altcoins that are not worth it in exchange for bitcoins is the right thing to do for you to get a much better profit.
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PrissMCclen
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January 31, 2020, 09:55:49 PM |
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It's true but potentials altcoins will still make it to the top of the top.
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Viscore
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January 31, 2020, 10:41:10 PM |
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I also have the same thoughts as you about the new altcoin. but what I mean is in the form of new tokens generated from the bounty campaign, because most of the new tokens generated from the ICO project are many that have no sale value and cannot last long in the market. if there is no other choice, then selling a new token and replacing it with btc is highly recommended.
New altcoins that doesn't have any value at all will definitely be gone soon or later because not all of them has a potential to have a good value and to developed their coin much better, that is why selling out your altcoins that are not worth it in exchange for bitcoins is the right thing to do for you to get a much better profit. New altcoins if its a good project is a good investment, we don't have to conclude and make a generate statement that new ones does not have a value, otherwise we will never be successful investing in altcoins. What we are looking when we invest is the potential of the coins and we should also understand that the market situation could affect the value of the coins and if that coins really have a good team to develop the project, it doesn't matter if they struggle at the start as long as they'll succeed in the long run.
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Latines
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February 01, 2020, 06:20:59 AM |
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I am in the same position now. I also have young altcoins, but I do not sell them, because bitcoin can make a maximum of 2x. Altcoins can do x10 without problems. Therefore, I believe in the coins that I purchase, I advise you the same. After all, for some reason you bought them, and not some others.
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b1boy
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February 01, 2020, 08:28:53 AM |
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Well I despite everything trust some new great altcoins will make some positive move as a result of their utilization however I would prefer to go for existing great altcoins to add to my portfolio,research is constantly key.
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