Is this time to Sell altcoins before BTC Halving

[carlfebz2]

Hello Everyone,

As we all knew about Bitcoin upcoming event that is Bitcoin Halving, Which is schedule near around MAY,2020. Due to this news you can see that Bitcoin is continuously climbing everyday and todays BTC market is open above 10k USD. This is clearly mentioning bull run in BTC which is always welcoming by all crypto lover.


In this time we have to think about what we need to do with our altcoins which is crushing daily basis. Here is my thought about altcoins to be patient and wait for the right time, don't need to panic, I belie that we will be see perfect time to get out from alt market. And for those who are in Bitcoin i advised them to stay away and wait for more dip.

What is your suggestion please comment.

Event Countdown is Here https://www.bitcoinblockhalf.com/

Month of April would be the best time for us to buy or before halving event because for sure the price would dump down into that particular time.This isnt something new
when theres a news on the said date which price do reacts before that or having a huge sell off into that moment.Later on price tends to recover on long term basis.
Selling altcoins for BTC? Its a matter of choice or risk management because not all doesnt hold on worthy alts or shall we say top ranking alts.If youve been holding those
who are on below then i would sell those coins and convert to BTC and waiting for that bull run.Well, each decision would vary on each person.

[Wind_FURY]

If its shitcoins then sold it but if its a good coin and you see the pump on it right now then its better to hold on that. Bitcoin halving is not for bitcoin alone, i mean the whole cryptomarket will benefit on that and the good altcoins will also grow so its better to have more coins than bitcoin alone.

Are you not afraid that the scenario with the LTC halving will be repeated? As you can see on the chart, the price has fallen significantly and even at the moment it is very far from recovery:


https://bitinfocharts.com/ru/comparison/price-price-ltc.html#1y

Halving can be positive in the long run, but in the short run it can cause a strong drop in price.

It doesn't make any sense to compare any altcoin with BTC. Bitcoin is in big demand and it is being discussed on very level even all banks are afraid of this so that it will be keep continue with its natural way as like it is moving forward. I believe BTC will get explode after this event.

BUT, open your mind for any possibility. I actually HOPE that that Litecoin chart will repeat in Bitcoin. I saw Bitcoin surging to $10,000, I keep wishing that I would have another opportunity to buy more below $5,000.

[lienfaye]

It is absolutely not, remember that most of altcoins are the followers of Bitcoin especially the ones who are ranked on the top 20. Plus, I see there is a correction during this period, so most of crypto in a little dip. So if you want a long term profit then you should buy an acceptable amounts of digital currencies like, Cardano, Tron, Ethereum, Bitcoin cash and of course the king Bitcoin. In additon to that, if you are pretty afraid of losing money then you need to stay away from this domain because without risk and patient, your goals will never been achieved.

You're right there's a perfect timing on when to sell our altcoins not now. Bitcoin influence the price of altcoins especially the popular coins that means if btc halving can make the price of btc to surge then alts will follow as well. Thats the time to take profit and take advantage the increase, but still keep in mind that its just a speculation and not a concrete basis to hold on. Hence its a must to have your own understanding on what could be the next movement of the market since its unpredictable.

[wozzek23]

I guess OP is afraid of negative effects of bitcoin's bullish markets. But, if you check what happened in 2017 during the BTC's strongest bull trend, you will come to know that whenever bitcoin is stable and sustaining, altcoins are able to find its investors to leap forward. Not just in 2017, almost all the times, it has happened.

So, this must be a bad idea to sell for the reason of upcoming halving. Halving may not impact crypto markets directly or more immediately but it take time to make its impacts to be reflected on major cryptos hence in-between time anything may happen. Sell if your altcoins are about to get delisted or to hit zero value.

[Ailurophile]

Having both alt-coin and Bitcoin would be a much more safer than just holding BTC.
But I also have the same thing on my mind because BTC could skyrocket before the halving but so does the alt-coin.
But there is a higher chance that BTC would skyrocket because of the halving while the alt-coin market is just a pure speculation.

[RealMalatesta]

I guess OP is afraid of negative effects of bitcoin's bullish markets. But, if you check what happened in 2017 during the BTC's strongest bull trend, you will come to know that whenever bitcoin is stable and sustaining, altcoins are able to find its investors to leap forward. Not just in 2017, almost all the times, it has happened.

So, this must be a bad idea to sell for the reason of upcoming halving. Halving may not impact crypto markets directly or more immediately but it take time to make its impacts to be reflected on major cryptos hence in-between time anything may happen. Sell if your altcoins are about to get delisted or to hit zero value.

That must be right point because no one needs to get panic because of bitcoin's upcoming halving and its consequence of bullish market. There is no proven records that altcoin market will be falling against bitcoin bullish market. Anything may happen that is the proven record of this crypto space. I too believe it will be complete foolishness to sell all of our altcoins holding just for the reason of upcoming halving. It will lead to huge losses for the people who contributed into many ICOs and IEOs.

Like you have mentioned, halving will take time to impact into crypto markets. It means we will be having enough time to take right decision whether to sell our altcoins or not. I believe another strong bull rally of altcoins is yet to take place and rushing right now to encash altcoins might lead to big disappointments and regrets later on.

[bearexin]

no one needs to get panic because of bitcoin's upcoming halving and its consequence of bullish market. There is no proven records that altcoin market will be falling against bitcoin bullish market. Anything may happen that is the proven record of this crypto space. I too believe it will be complete foolishness to sell all of our altcoins holding just for the reason of upcoming halving. It will lead to huge losses for the people who contributed into many ICOs and IEOs.

Like you have mentioned, halving will take time to impact into crypto markets. It means we will be having enough time to take right decision whether to sell our altcoins or not. I believe another strong bull rally of altcoins is yet to take place and rushing right now to encash altcoins might lead to big disappointments and regrets later on.

I just wonder why people are getting panic just for imaginary reason. I agree pre-emptive decisions will be good but that should not be based on any ultimate proof. Because if you take a random decisions that will lead to unnecessary losses. When an investor is getting unnecessary panic then he should not be fit for being an investor. For this kind of investors should risk only with bitcoin kind of highly reputed coin and never should touch any altcoins.

Yes, altcoins are known for wild fluctuations and may get impacted against bitcoin's bull markets. So, for the investors who want peace of mind then they should stick only with bitcoin investment with long term holding option.

[KTChampions]

Are you not afraid that the scenario with the LTC halving will be repeated? As you can see on the chart, the price has fallen significantly and even at the moment it is very far from recovery:

https://i.imgur.com/pfNLuxM.png
https://bitinfocharts.com/ru/comparison/price-price-ltc.html#1y

Halving can be positive in the long run, but in the short run it can cause a strong drop in price.

It doesn't make any sense to compare any altcoin with BTC. Bitcoin is in big demand and it is being discussed on very level even all banks are afraid of this so that it will be keep continue with its natural way as like it is moving forward. I believe BTC will get explode after this event.

I often meet this point of view that it is not worth comparing altcoins and bitcoin and partially agree with it. But there are areas where comparisons are fully justified - for example, mining. The bitcoin network consumes electricity (which must be paid for in dollars), so the economics of miners (closely related to halving) have many similarities.

[@prashant]

Always hold majority of your fund in btc rather than altcoin as btc is dominant one and other follow its trend so if there will be rally then sure btc will ride but when it reaches certain point altcoin will follow it. So my best advice is to make 70:30 or 80:20 btc to altcoin ratio to get safe ride in having duration.

[Viscore]

Always hold majority of your fund in btc rather than altcoin as btc is dominant one and other follow its trend so if there will be rally then sure btc will ride but when it reaches certain point altcoin will follow it. So my best advice is to make 70:30 or 80:20 btc to altcoin ratio to get safe ride in having duration.

This is a good advise if we are investing a decent amount, however, for people who aim high enough and does not have a decent amount of investment, this won't work for them as they might be bored holding too long not making much.

the formula I follow is risk high on altcoins when the capital is small, but always do due diligence when investing.

[Kelvinid]

Having both alt-coin and Bitcoin would be a much more safer than just holding BTC.
But I also have the same thing on my mind because BTC could skyrocket before the halving but so does the alt-coin.
But there is a higher chance that BTC would skyrocket because of the halving while the alt-coin market is just a pure speculation.

It sometimes some speculations meant to be unless we don't have any basis for it. But what we can see now, when Bitcoin moves high altcoins will do the same. If Bitcoin does the skyrocket, it eventually dragging altcoins to follow too. But of course, we don't have to expect those low liquidity coins to make their way uprising cause it absolutely they are still be lying dead.

For the current market position, it is really great if we accumulate some altcoins before the final run started. In fact, the market has it drops by now for a few $ and it might possible to see it rising back again later.

[jarhed]

I think it's a good idea to sell alts to Bitcoin now, because Bitcoin will always be more profitable to keep than alts, plus before halving the price of Bitcoin will rise.

[seoincorporation]

Always hold majority of your fund in btc rather than altcoin as btc is dominant one and other follow its trend so if there will be rally then sure btc will ride but when it reaches certain point altcoin will follow it. So my best advice is to make 70:30 or 80:20 btc to altcoin ratio to get safe ride in having duration.

Not really, if you see ETH in the past month, it has a nice bump over bitcoin. From 0.019btc to 0.028btc. So, if you chose the right coin, you can easily multiply the number of bitcoins you have.

And about the halving, i think the best moment to sell is a couple of days it happens.

[TheGreatPython]

Altcoins looks like attached to bitcoin this time around, I know we are not used to it but I have seen multiple times when all of them went up together and all of them went down together with bitcoin which means after the halving if bitcoin goes up, maybe altcoins go up as well?

I mean we can never know that and I understand if people have any fears about it, I would totally have the same in any other instance but it looks like halving could be something different from all other reasons of bitcoin going up, this is more of a fundamental reason to go up so I can't really say it will be like any other. I still think it won't be overnight tho, I still think it will take 6-12 months to actually peak and be the biggest it will be after the halving happens.

[tbterryboy]

Litecoins halving was different because nobody really likes the team behind litecoin, they like litecoin itself but they do not like Charlie and so forth which caused the drop in the price. Plus mining litecoin wasn't profitable so machines stopped instead of actually continue and people literally could give up on litecoin, they can't give up on bitcoin, there are thousands of other coins that are much better for litecoins alternative but bitcoin is one and only and there will be more and more people getting into it.

However, if it is about bitcoins price not going up as expected, I do sort of understand how that could happen, sure thats not really that common but it could potentially happen, instead of going up directly, maybe it will drop a bit first and go up after that? That sounds possible.

[KTChampions]

It seems that the ETH overcame the temporary correction very quickly and continues to grow. This is surprising to me since, apart from speculative events (coronavirus), I do not see any foundation for such a movement. More precisely, there are some fundamental factors, but their influence should become dominant in the future, and not now.

[sulendra12]

Halving may not impact crypto markets directly or more immediately but it take time to make its impacts to be reflected on major cryptos hence in-between time anything may happen. Sell if your altcoins are about to get delisted or to hit zero value.

Yes, that's the point which everyone clearly missing. They think that with upcoming halving, the price is gonna be better although it's not. It takes time to actually adjust the price and the worst case is it wouldn't do any difference in first few months post-halving.

[hahay]

I personally will still maintain the altcoins that I have, because it would be better for us to have a focus for bitcoin and altcoins, when the price of bitcoin is pumped higher of course it will have a positive impact on the altcoins market too although it doesn't happen quickly and in my opinion having a few coins in the portfolio will be good for preparing a bullish market.

[Dr.Osh]

I personally will still maintain the altcoins that I have, because it would be better for us to have a focus for bitcoin and altcoins, when the price of bitcoin is pumped higher of course it will have a positive impact on the altcoins market too although it doesn't happen quickly and in my opinion having a few coins in the portfolio will be good for preparing a bullish market.

we have the same thought. I also don't sell my altcoin because I feel that bitcoin will have an effect on altcoin. in addition, I hold ethereum, the second-best coin available at the moment. so, when the price of bitcoin goes up because of halving, I think ethereum will also go up, and I feel that the situation will be very similar in 2017. Well, in that year, I think the most profitable thing is to have altcoins.

[KTChampions]

I personally will still maintain the altcoins that I have, because it would be better for us to have a focus for bitcoin and altcoins, when the price of bitcoin is pumped higher of course it will have a positive impact on the altcoins market too although it doesn't happen quickly and in my opinion having a few coins in the portfolio will be good for preparing a bullish market.

Are you talking about top altcoins or some new coins?
I think that new coins can grow even in a bear market, and the top altcoins only in a bull market. But their growth can be said to be "guaranteed" - they are known to everyone and when new users come to crypto in the bull market, in any case they invest part of the money in top altcoins.