Time to sell my BTC?

[John Jefferson]

I suggest you wait and see for a while. There is still a lot of upside to bitcoin right now, and you can use your spare money to invest in alternative cryptocurrencies. There are a lot of institutions buying up bitcoin right now, so you should consider not selling it.

[wack slacker]

Selling BTC at £ 50000 is a good idea when you've bought them for a very good price of around £ 9,000. Take profit is important in any trade and I am confident that everyone will have to take profits to control risk. Bitcoin may go up even higher, but in terms of the rate of return now to the next, it is no longer attractive because they need a large amount of money to buy to increase in price.
You can either wait to buy bitcoins at a lower price or choose any other crypto that is good enough to hold and deliver better returns.

But what will happen if the price of bitcoin goes to 100k? Panic sell is not the right decision and for better profit, we should wait patiently.

Waiting is always good for an asset like Bitcoin.  What I want to say here is that maybe Bitcoin will drop in price and buy back at a lower price than waiting for a huge amount of money to pump up to $ 100k.
If you use the money cash out from Bitcoin to invest in some other assets, you can bring a better return than Bitcoin.  Between $ 50k and $ 100k is just x2 while there are dozens of altcoins out there that might give a better return.

[xceltoken_plus]

You can do this, but the problem is that there are very few altcoins that have experienced a large drop in value; instead, the majority of altcoins are increasing in value.

And holding onto altcoins would be better because the price of an altcoin can become 5 times of its value in a year but that is very unlikely with bitcoin attitude this point.

It's entirely up to you, and it all depends on the circumstances. In my opinion, coins should be sold and purchased as much as possible because it keeps the market alive. However, you should trade carefully and make fair decisions.

[geegaw]

you are very fortunate to have bitcoin in your wallet, now you can become a new rich person, the choice is yours, you want to choose to sell it is good and choose to hold is also good, but my advice is that you better sell and buy other potential alt or new alt that's a very good idea. good and to double the money

Yeah.. this is like the worst advise at this point. Rather than "doubling" your money, you will most probably end up losing all of your capital. What happened to XRP is just a trailer of things to come. In the coming months was can expect more and more altcoins to go down, similar to Ripple. The best thing to do is to hold on to your BTC, without diverting any of it for the purchase of shitcoins. 

This advice still has its usefulness as this is the first time that bitcoin has gone up to this price, it takes too many years to have such a price and you try to demand more about bitcoin, sometimes a counterproduction will happen and you don't know when the price will return, bitcoin has become so heavy in the next step up in price, trying to hold it would be ineffective. While the altcoin is moving very gently and has more upside opportunities, shitcoin or top coin all have opportunities during this time

[Vishnu.Reang]

You can do this, but the problem is that there are very few altcoins that have experienced a large drop in value; instead, the majority of altcoins are increasing in value.

And holding onto altcoins would be better because the price of an altcoin can become 5 times of its value in a year but that is very unlikely with bitcoin attitude this point.

It's entirely up to you, and it all depends on the circumstances. In my opinion, coins should be sold and purchased as much as possible because it keeps the market alive. However, you should trade carefully and make fair decisions.

Out of the 10,000 or so altcoins out there, less than 1% have any real usage. The vast majority are kept alive by their promoters, so that they can profit from pump-and-dump cycles every now and then. Once the coin is no longer suitable for this pump-and-dump strategy, they will exit the coin and those who hold it at that point will lose all of their capital. If you want to invest in Cardano or Binance Coin, I don't have anything against these coins. They have real life usage and future potential. But that is not the case if you are making an investment with coins such as Anyswap, Mithril or Rewardiqa.

[taufik123]

Out of the 10,000 or so altcoins out there, less than 1% have any real usage. The vast majority are kept alive by their promoters, so that they can profit from pump-and-dump cycles every now and then. Once the coin is no longer suitable for this pump-and-dump strategy, they will exit the coin and those who hold it at that point will lose all of their capital. If you want to invest in Cardano or Binance Coin, I don't have anything against these coins. They have real life usage and future potential. But that is not the case if you are making an investment with coins such as Anyswap, Mithril or Rewardiqa.

Indeed, only a few coin projects have any real use. thousands of other altcoins are just speculative with no clear purpose for what they are made of.

I agree with your opinion about investing in Binance Coin (BNB), because BNB has real users and has an important role to play for the Binance Exchange. Coin Exchange is popular today with many other projects joining Binance.

Bitcoin remains the main thing, selling bitcoin can be done when it is profitable. Buying and holding is also very good if you have a target that is bigger than the current price.

[Expecto]

So I bought BTC at £9000, made a nice amount. Is it a good idea to now sell this and move that money into alt coins? or should I  sell half BTC and buy back in after alt season is finished?

What do you think?

First of all, it is in your control. Everybody has different strategies in this market. If I were you, I wouldn't sell half of my BTC but a little of them would be sensible to enjoy spending on something.    When it comes to altcoins, it is really hard to make a decision among them as there is a bigger risk there. You should analyze them very carefully to make a good choice.

[trigger1975]

Elon Musk is about to buy another $10 billion.

Is there any proof out there that he really bought and did not just announce to buy?

[yohananaomi]

you are very fortunate to have bitcoin in your wallet, now you can become a new rich person, the choice is yours, you want to choose to sell it is good and choose to hold is also good, but my advice is that you better sell and buy other potential alt or new alt that's a very good idea. good and to double the money

both are equally good, if you feel that what you get from bitcoin is worth selling, just do it. but if possible, just part of it to find other alternatives such as new altcoins which currently have quite a lot of potential. from there you will get a hefty profit too.

if you don't sell it is also very good, because reportedly @elonmusk will buy more bitcoin which will make bitcoin prices go up again like the end of last year which still impacts until now. the effect of @elonmusk will be felt again if the news is true, and right if you don't sell it.

everything now depends on you because who has you and who will experience it yourself, so be confident to be able to determine the next step.

[btc78]

Elon Musk is about to buy another $10 billion.

Is there any proof out there that he really bought and did not just announce to buy?

Who Owes you proof? This is a Free forum and everyone can post what he wanted and what he thinks so Let Those Leave their pick up issues outside as long as this not violates the rules right?

And besides we Knew how Elon Musk is Trolling the whole crypto market , He wanted to prove how powerful His words is as there are many Stupid Noobs that believes everything he mentioned so the market Moves within .

I hate saying this but that is what reality says here.

I suggest you wait and see for a while. There is still a lot of upside to bitcoin right now, and you can use your spare money to invest in alternative cryptocurrencies. There are a lot of institutions buying up bitcoin right now, so you should consider not selling it.

Lol, Greedy Attitude?  Will wait and wait until the price drops like now when he asked this back when the price is at 60k?

[bitzizzix]

you are very fortunate to have bitcoin in your wallet, now you can become a new rich person, the choice is yours, you want to choose to sell it is good and choose to hold is also good, but my advice is that you better sell and buy other potential alt or new alt that's a very good idea. good and to double the money

both are equally good, if you feel that what you get from bitcoin is worth selling, just do it. but if possible, just part of it to find other alternatives such as new altcoins which currently have quite a lot of potential. from there you will get a hefty profit too.

if you don't sell it is also very good, because reportedly @elonmusk will buy more bitcoin which will make bitcoin prices go up again like the end of last year which still impacts until now. the effect of @elonmusk will be felt again if the news is true, and right if you don't sell it.

everything now depends on you because who has you and who will experience it yourself, so be confident to be able to determine the next step.

My advice is that you better save it and only make sales according to your needs and that also if you really need it the good news that has happened will multiply the new profits once you made the previous big profits.
I think there are still doubts about shifting your profits to altcoins except the top altcoins, and if bitcoin is more profitable, it's better to stick with bitcoin as a whole.

[rosebrand]

Wow you bought bitcoin at a low price very low compared to the present price which means you have really earned alot profit from holding the bitcoin you bought, for me I will suggest that maybe sell part of your bitcoin and then look for a coin which got a very good potentials which  has been really doing well for a long time, buy it and hold along with the bitcoin you got because that new coin will surely fetch much profit than bitcoin since it's still low in prices, bitcoin will surely keep pumping but will fetch you profit depending on how large the amount you hold.

[Mr.sprin]

I think you sell bitcoin and buy alcoin. I think it's alcoin season and you will get a lot of profit from trading alcoin. Good luck.

[JohnBitCo]

you are very fortunate to have bitcoin in your wallet, now you can become a new rich person, the choice is yours, you want to choose to sell it is good and choose to hold is also good, but my advice is that you better sell and buy other potential alt or new alt that's a very good idea. good and to double the money

Yeah.. this is like the worst advise at this point. Rather than "doubling" your money, you will most probably end up losing all of your capital. What happened to XRP is just a trailer of things to come. In the coming months was can expect more and more altcoins to go down, similar to Ripple. The best thing to do is to hold on to your BTC, without diverting any of it for the purchase of shitcoins.  

Yeah selling all your bitcoin for altcoin is really a bad decision and should be avoided. Either keep holding all your bitcoins as it is the safest investment and this is not the peak of bitcoin. Also note that if you still want to buy some altcoins then you can keep 50% of the money in bitcoin and invest the rest 50% in the good altcoins.

[Pandji02]

Just my thoughts but you better hodl it. If you bought it at 9000 you won't gonna lose anything, but i bet btc will grow more, sell it at least at 100k.

[Ded_Kronchs]

Remember one main rule: never sell your cryptocurrency. Perhaps in the future, some day, when it will be worth a fortune, then it will be possible to sell. Now for earning a small amount I do not see the point of selling:)

[blckhawk]

So I bought BTC at £9000, made a nice amount. Is it a good idea to now sell this and move that money into alt coins? or should I  sell half BTC and buy back in after alt season is finished?

What do you think?

To be honest, it is your decision to be made because it's your own money after all. Investing in altcoin is not bad either however since it is a lot risker than Bitcoin you must perform proper research. What makes good investing in Bitcoin is that profit is more certain because even if it dumps, later on it will come back and grow even more you can imagine, to put it simply it is better on a longer time frame. Altcoin, on the other hand, can make a quick profit but also the risk of losing your investment is high that is why the decision must be made by you. And if you are going to invest in altcoin make sure that it must be on the top listed ones cause newly created coins were way riskier.

[bryant.coleman]

Yeah selling all your bitcoin for altcoin is really a bad decision and should be avoided. Either keep holding all your bitcoins as it is the safest investment and this is not the peak of bitcoin. Also note that if you still want to buy some altcoins then you can keep 50% of the money in bitcoin and invest the rest 50% in the good altcoins.

A few months back, there were some really good options in the altcoin market, such as Cardano (ADA) and Binance Coin (BNB). But these coins have gone up steeply during the last few months, and most of the experts now consider them as overpriced. So the best option is now to hold on to your Bitcoins and to make new investments limited to BTC. Also, looking for a good altcoin to invest in is like searching for a needle in the haystack.

[veznata]

I read many people online say I will hold or I will sell but very rarely a read about numbers and plans. personally I believe 150k will be this cycle top so I start selling all at 100K. next I hope history will repeat and I will be able to buy back at 25-35K and wait for the next bigger ATH after 4-5 years. but even if I don't I will not sorry because I already have about the same amount normal people earn 30-40 years working in my country.
so that's it right or wrong I will quit at 100k. in addition people start to be too optimistic about price grow, institutional adoptions etc. I believe soon time will come to be fearful:)

[wendy sy]

Long-term holding of Bitcoin is a more appropriate way to make money, and daily price fluctuations will not affect your mood, because you always believe that Bitcoin will eventually rise. For short-term speculators, it will be miserable. The price fluctuations of Bitcoin will always affect your sensitive nerves (this is especially true for contract users), and the resulting losses will be even greater.