Dont sell off because of the period

[BIT-BENDER]

Am not the one to endorse all altcoin, or point someone to the direction of trading or investing in one. But am the type of investor that does believe in shaking or shivering with situation.
Bitcoin is rising and thats good. Rumors can say the up coming bitcoin halving has something to do with it.
Many are now quick to sell off altcoin that they have been holding with so much promise.
This can be of bad consequences, I am the one to always invest in BTC if I have the found to get one, but I did not invest in bitcoin because of increasing price.
What you tend to loose selling of your coin
+ all your time of investment would become in vain: long term holder of altcoin should not without a thoughtful look sell off there coin
+ things might not go as you planned: the ball can go two ways, one it can go in your favour and two go against you.

I understand that investing in something more promising -bitcoin for example- is productive, but rather than, selling off just invest in it with available raw capital.

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[cytpoway121]

Selling off is complicated i must say, and if we are being realistic; there is no faulting anyone that picks up profits in this time.
Because during the last deep dip when bitcoin went to 3700$, those who bought and invested are now in over 100% profits; if they decide to sell off the profit and hodl the initials, do you think it is because of the period ?

There are several reasons why profits are taken; and sometimes when we sell in loss; there are potential valid reasons too.

[shollyen]

I cannot imagine selling off all my altcoins and in few days' time, their prices rise beyond reasonable doubt or that the bitcoin I exchange it to plummets, I will not be happy with myself. this is why patience is needed when it comes to cryptocurrency.
Most altcoins, particularly the new promising ones, tend to take some time before growing. The best would be that, if you have a spare fund to invest in Bitcoin and you are so bullish about it, you can invest, without it affecting those altcoins that also look promising.

Do you know another mistake that some people ake again?
They might think of selling the altcoin to invest Bitcoin or another one they see is growing, thinking they would come back to buy the one they left. Unfortunately for them, the one they switched too might not give them much profit and might even result in loss and while trying to come back to the former, the price might have surged. This then put them at wit end.

[kingzpro]

Some people think that they are over smart and that is why they try to flip alts into btc whenever they see btc moving without considering the fact that these alts posses even higher profit potential when they will move, i think most people do this because they think that btc has the first mover advantage and that is somewhat true as well.

[acdc]

Investing in altcoins can bring huge profits but the possibility of losses is also very high, a wise investor always knows to stop in time.
There are a lot of potential altcoin coins that have become a dump, I think if we are not sure about an altcoin project, it is best to sell it as soon as possible.

[StyleForceOne]

Some people think that they are over smart and that is why they try to flip alts into btc whenever they see btc moving without considering the fact that these alts posses even higher profit potential when they will move, i think most people do this because they think that btc has the first mover advantage and that is somewhat true as well.

it seems for me (and most of alts and btc charts can prove this) that btc is having a great advantage because it is a first mover and most of alts alts follow btc and can't get as much profit as the btc itself

[CryptoCrawler_2017]

Good post man.
Seeing the previous BTC halving events we may see some rise, then some fall , but sooner or later (considering the previous BTC Halving events), it will rise again.
This market needs a strong patience, daily trade in crypto will make you miserable, really miserable.

I personally think it(s gonna stabilize after the BTC Halving event for couple weeks & the next Bull Run may take place September - October - November.

[nutriagrigia]

I believe that artificial growth has been created before halving. people talked a lot about halving and growth. Now I think they will want to scam us. the price will rise to 9500 and then again there will be a very strong dump. I do not think that this year we will see a price above 10 thousand

[Slingshot]

Yes but you do not have to blame anyone as it is, crypto entirely is bad kind of so people nowove where there's a bit light, I would advice we are careful and also not to sell at loss. The advice us good and one should just be careful anyway. BTC is really riding and people are hoping for great movement from BTC and as we are trading, let's be cautioned too. It can go low and move up back or continue from where it stopped.

[poodle63]

I believe that artificial growth has been created before halving. people talked a lot about halving and growth. Now I think they will want to scam us. the price will rise to 9500 and then again there will be a very strong dump. I do not think that this year we will see a price above 10 thousand

It's not. A lot of people buy in the halving right now and the growth of bitcoin caused by halving, 2 weeks left before the halving come. THe dump will occur if the block has already done to decrease its inflation rate .
It's easy for bitcoin to touch 10k but it can go back again to the bottom anytime as the hype end

[princesspoppy]

Holding altcoins that turns out to be a shitcoin once in the market are the reasons why people sell it off as soon as they get the chance to do so and it's understansable. During the past years, many projects have become a waste of time but of course not eth, xrp, and other altcoins that stayed in the market (I'm talking about the new ones tho). It is so promising that you'll get big amount of money but most of the time its the opposite that happens so I think that's the reason why people switch to bitcoin. Bitcoin has been the first one to pump in the market and it gives a good profit very well during its pump, but yeah, if you don't buy it during it's dip, you'll get very little amount of profit.

[forexandcryptoauditor]

We should always have our Portfolio diversified. Although Bitcoin is leader, we should never invest hundred percent of the amount in single asset.
Current situation I see as an opportunity to grab more.

[princerepon]

Agree with you and i think it's a good move to not sell whole holding altcoin because of btc price rising. Sometimes altcoin price depend on btc but i would like to support your thought. There are plenty of coins which start with penny and now those are $20,$30 or 150$ just with in couple of years. So i think holding a good altcoin might be a game changer for us if we choose the right on.

[daniahya]

Agree with you and i think it's a good move to not sell whole holding altcoin because of btc price rising. Sometimes altcoin price depend on btc but i would like to support your thought. There are plenty of coins which start with penny and now those are $20,$30 or 150$ just with in couple of years. So i think holding a good altcoin might be a game changer for us if we choose the right on.

if indeed you believe in altcoin that you hold and are sure to experience an increase, that's a good way to hold it for a long time, sometimes there are people who only save it without any prior analysis of the coins they hold,

[Genemind]

The risk is higher now, since nobody knows how this halving will affect the price due to the pandemic. Panic selling and joining the btc hype due to the halving could result to disappointment if the things turn the other way around.

[TIDOVEE]

Let's consider the fact that some of them may not be panic selling or willing to waste their efforts and patience, looking at it from my own angle some are actually very broke at this moment  and had waited just to see their coin rise a little more. From your message now it indicated that the halving has not started majorly, so some may still be discouraged,
those who do not really know much about the halving. Thinking it will trigger the bull immediately.

[Ridwan Fauzi]

I'll be agree if there is someone who have a bunch of altcoins in their wallet and with that amount he can buy 1 or at least 0.7 BTC then I'll suggest to him to buy bitcoin immediatelly.

But when he just have a few altcoin and the amount can't be able to buy bitcoin 0.1 or at least 0.7 bitcoin then I won't suggested to him to buy bitcoin but I'll suggest him to hold altcoin as long as the altcoin is potential.

Indeed, investing in bitcoin is really interesting because we can see how much profit that will get. But if I have for just 0.1 bitcoin I'll sell it and buy some potential altcoin like ETH. With that amount we can be able to buy at least 4 ETH and if I compare holding 0.1 btc and 4 ETH I'll choose 4 ETH because it will profitable for this time.
but with the small amount of it

[mongkie]

i have a bad experience in selling off my altcoin and until now i regret of selling it early though i have the heart of holding at some point i just lost temper and pressured. my advise is stick to your plan and trust the process, do not frequently visit the prices, and do not be emotionally attached to your investment.

[Jating]

Am not the one to endorse all altcoin, or point someone to the direction of trading or investing in one. But am the type of investor that does believe in shaking or shivering with situation.
Bitcoin is rising and thats good. Rumors can say the up coming bitcoin halving has something to do with it.
Many are now quick to sell off altcoin that they have been holding with so much promise.
This can be of bad consequences, I am the one to always invest in BTC if I have the found to get one, but I did not invest in bitcoin because of increasing price.
What you tend to loose selling of your coin
+ all your time of investment would become in vain: long term holder of altcoin should not without a thoughtful look sell off there coin
+ things might not go as you planned: the ball can go two ways, one it can go in your favour and two go against you.

I understand that investing in something more promising -bitcoin for example- is productive, but rather than, selling off just invest in it with available raw capital.

I guess investors shifted where the money is, so I'm sure that they are people who have been selling off their altcoins and move to bitcoin, we can't blame them. I have seen this kind of movements throughout my stay here in crypto. And it really makes sense to them though, I mean we all wanted to squeeze everything and make some good money isn't it? I myself did this, not regretting it since I made the right decision that time.

So I would advise though, if you are going to do this kind of strategy just be sure that you can stomach it, or shall I say be mentally tough and be prepared for the consequences. I'm not against the OP's advise or suggestion, what I'm saying is that you should try to work out a strategy that fits your needs, just saying.

[bgaf]

I believe that artificial growth has been created before halving. people talked a lot about halving and growth. Now I think they will want to scam us. the price will rise to 9500 and then again there will be a very strong dump. I do not think that this year we will see a price above 10 thousand

How sure you are that this is just a manipulation? Of course there are some who do that and we cant explicitly say that this is natural. Even before this has been done during the bitcoin bubble when bitcoin and all altcoin reach too much valuation. So I think we can just assume that the market is unstable and people rely on halving hype to be bullish again. But with that surge happened over a short period of time, everyone mustbbe scared and wondering do I need to sell? This is a huge gain already. But if you buy at somewhere above 10k would be enough for you to at least break even what you loss? Thats something investor are now thinking.