Sell Altcoins

[Silberman]

Hi guys,

a question which i had discussed with some of my friends before:

If you were invested heavy in alts but rather light in btc lets say 30% BTC / 70% alts you made a good profit in dollar.
BUT i have the feeling i wasted so much BTC to buy Alts and right now BTC has surpassed many of them by far.

Do you think it would be wise to sell some Alts for BTC right now?
Or is BTC dominance to high?

Really interested in your thoughts!

Kind regards.

Your observation is correct, you have won money against fiat but lost money against bitcoin, the problem is that you have waited for a very long time that it has become a difficult decision, still I think it is worth to sell your altcoins in exchange for bitcoin as even if there was a crash in the markets most likely altcoins are going to go down in value faster than bitcoin giving you more time to think about what you want to do and reducing your losses that way.

[michellee]

Hi guys,

a question which i had discussed with some of my friends before:

If you were invested heavy in alts but rather light in btc lets say 30% BTC / 70% alts you made a good profit in dollar.
BUT i have the feeling i wasted so much BTC to buy Alts and right now BTC has surpassed many of them by far.

Do you think it would be wise to sell some Alts for BTC right now?
Or is BTC dominance to high?

Really interested in your thoughts!

Kind regards.

I think you dont need to sell some good altcoin for btc, Because altcoin has a capability to rise when bitcoin is in a bullrun status, i suggest to hold the altcoin and wait for a good price to sell amd earn big profit. Bitcoin is good coin to invest but for now base on its price it is really risky because it needs a lot of money if you invest on it today, better to wait for the dip before you buy bitcoin.

If the altcoin price increase to the highest price, he can sell it right away and enjoy his profit in bitcoin and hold it for a while. But I think he can not expect to see his altcoin increase and reach more than 100% than the price now because the bitcoin price itself is more than $50k, which will be very difficult for the altcoin to reach the value so high. Maybe the percentage that we see at the last ATH is too high, but the bitcoin price does not increase too high, and that was just to reach $20k. But well, everything can happen to the altcoin price. Hopefully, the price can pass the price that we want.

[Reatim]

Actually depend on your main purpose for investment .

- If you are into long term or at least semi long term investing , then always consider Bitcoin for this .

- If you are into Daytrading or short term ? then consider Altcoins because they are the fast acting coins , either fast in Bumping or Dumping so better choose the one that will Fit your desire strategy.

But safest? it is Bitcoin indeed.

[tygeade]

I think if you did that before, it would have been better, because bitcoin increased more than others, but now it would be smart to stay in altcoins, because they are going to increase now that it is their turn. Bitcoin increased a lot so having 70% bitcoin and 30% altcoin would have been ideal for that period, now it makes no sense.

I think you should be in big guns though, do not go with 200+ ranked coins, those are too small and risky and you may end up losing money even during a bull period, but pick coins from top 50 and you could actually end up profiting something. That is at least what I think, not that I am a big investor but the point of crypto should be to make more bitcoins and buying bitcoins is not that path, buying alts and making profit and selling them for more bitcoin is a great way to make a profit and everyone should focus on that.

[bandungan]

Hi guys,

a question which i had discussed with some of my friends before:

If you were invested heavy in alts but rather light in btc lets say 30% BTC / 70% alts you made a good profit in dollar.
BUT i have the feeling i wasted so much BTC to buy Alts and right now BTC has surpassed many of them by far.

Do you think it would be wise to sell some Alts for BTC right now?
Or is BTC dominance to high?

Really interested in your thoughts!

Kind regards.

you can sell altcoins when they are profitable. I think selling altcoins when for better than holding back profits, so my advice is to do it instead of feeling disappointed. moving to btc is also not a loss, but it's a choice and confidence, because in cryptocurrency anything can happen

[Smitty Werben Man Jensen]

Hi guys,

a question which i had discussed with some of my friends before:

If you were invested heavy in alts but rather light in btc lets say 30% BTC / 70% alts you made a good profit in dollar.
BUT i have the feeling i wasted so much BTC to buy Alts and right now BTC has surpassed many of them by far.

Do you think it would be wise to sell some Alts for BTC right now?
Or is BTC dominance to high?

Really interested in your thoughts!

Kind regards.

you can sell altcoins when they are profitable. I think selling altcoins when for better than holding back profits, so my advice is to do it instead of feeling disappointed. moving to btc is also not a loss, but it's a choice and confidence, because in cryptocurrency anything can happen

if it's already profitable, why not sell it ?, but if you haven't got a profit it's better to hold, we are still not in the altcoin season,
so there is still hope that the altcoins you hold can increase by 5 to 10x, hope and pray are the key, I suggest buying when correction,
do it all the time, and implement the bag holder strategy!. good luck.

[CutePanda]

No, for me, it's not really wise to sell your altcoins now just to buy BTC.
You can buy another altcoins instead just to hope that the prospect of that altcoins going big and huge and then go BOOM in the future.
If you really wanna buy BTC, you can use your own money instead to buy BTC.
It's not really really wise to sell another altcoins to buy BTC right now.
Well, that's my suggestion, still the final move is up to you bro

[shoreno]

you said you already disccused this matter in your co leagues before ? so what have you learned from them , didnt you trust your friend and why you are discussing this matter again ? if i have invested more money in alts but get a good return at the end why will i doubt  .

 you didnt waste money but waste money will only mean that if you didnt get anything in return . you can sell alts if your going to profit after it and feel free to switch in btc but actually i can sense that both alts and btc will go up .

[MCobian]

If you look at the price of Bitcoin that has gone up more significantly than the altcoins, selling some of the altcoins you own is the right decision.
Because in my opinion from the start, there should be more investment in Bitcoin than altcoins, after all Bitcoin has always dominated the market.
My advice is that the investment percentage in Bitcoin should be 70% and 30% in altcoins. Moreover for altcoins it is recommended investing
in the top 10 altcoins, which is safer because it has a high demand, meaning that top altcoins usually pump according to the price of Bitcoin which is
also pumped.

[matchi2011]

I am happy to see this moment because I can sell some of my altcoins in USDT or bitcoin.

If you see that you are already in the green state then selling your assets to either USDT or BTC
surely the wise move to do, simply harvesting your profits.

I see that some of the altcoins can break the new ATH in USDT, so I am making a profit in USDT, which I can use to buy bitcoin when the bitcoin price is down.

Grab your profits then wait for another entry to rinse out your good opportunities to earn more.

But with the increase of bitcoin price now, I think I need to wait for a while to see the downtrend, and maybe I can use my time to see the other altcoins. I hope the other altcoins can increase too so I can make more profit.

If you are not comfortable with BTC, choosing another alternative is the best thing to do, there are
assets that also good for both long and short term investment.

[yohananaomi]

you said you already disccused this matter in your co leagues before ? so what have you learned from them , didnt you trust your friend and why you are discussing this matter again ? if i have invested more money in alts but get a good return at the end why will i doubt  .

 you didnt waste money but waste money will only mean that if you didnt get anything in return . you can sell alts if your going to profit after it and feel free to switch in btc but actually i can sense that both alts and btc will go up .

actually many predictions say that this year is the year altcoins to increase, so I agree with you that there is no need to sell your altcoins to convert to bitcoin because the two will move together to get an increase.

but if someone wants to change from altcoin to bitcoin because of the distrust of altcoins it is also not a problem. the problem is that the price of bitcoin is quite high so it is difficult to reach the maximum number that will be obtained from the exchange to bitcoin.
actually the problem is that if altcoins are not increasing, because altcoins are increasing too, why bother to change first.

[Edsemen]

Hi guys,

a question which i had discussed with some of my friends before:

If you were invested heavy in alts but rather light in btc lets say 30% BTC / 70% alts you made a good profit in dollar.
BUT i have the feeling i wasted so much BTC to buy Alts and right now BTC has surpassed many of them by far.

Do you think it would be wise to sell some Alts for BTC right now?
Or is BTC dominance to high?

Really interested in your thoughts!

Kind regards.

Definitely it's going to be tough decisions to make right now, since bitcoin struggles to rise while on top value right now. That's better to take more time to grow your alts before deciding when to sell all of it. By the time, when you fail on that specific decisions you might miss the opportunity to earn those potential profit. So don't rush, analyze what's best for your asset and don't forget to read every updates.

[Smitty Werben Man Jensen]

Hi guys,

a question which i had discussed with some of my friends before:

If you were invested heavy in alts but rather light in btc lets say 30% BTC / 70% alts you made a good profit in dollar.
BUT i have the feeling i wasted so much BTC to buy Alts and right now BTC has surpassed many of them by far.

Do you think it would be wise to sell some Alts for BTC right now?
Or is BTC dominance to high?

Really interested in your thoughts!

Kind regards.

Definitely it's going to be tough decisions to make right now, since bitcoin struggles to rise while on top value right now. That's better to take more time to grow your alts before deciding when to sell all of it. By the time, when you fail on that specific decisions you might miss the opportunity to earn those potential profit. So don't rush, analyze what's best for your asset and don't forget to read every updates.

crying and regret will be the last thing in your life! Why? Since we haven't entered altcoin season yet,
do you remember 2018? yeah all altcoins have increased by more than 10x in 1 to 2 days, how about this year?
I think this year is the year of accumulation, so don't sell, keep buying when the price is corrected.

[MiF]

I'd hope to see any progress with my altcoins holdings right now, but that doesn't commence since bitcoin rises at intense value. If one days all altcoins market will have a bullrun too, maybe selling all of them will be a good plans for the future of my asset. Diverting with bitcoin can be the best strategy to have while the huge potential is there to happen, when it's capable to reach even $100k this year or next.

[ethereumhunter]

I am happy to see this moment because I can sell some of my altcoins in USDT or bitcoin.

If you see that you are already in the green state then selling your assets to either USDT or BTC
surely the wise move to do, simply harvesting your profits.

I am selling some part of my bitcoin at $58k and waiting for another moment to buy at a low price.

I see that some of the altcoins can break the new ATH in USDT, so I am making a profit in USDT, which I can use to buy bitcoin when the bitcoin price is down.

Grab your profits then wait for another entry to rinse out your good opportunities to earn more.

Already use that time to get profit by selling some part of bitcoin. I am not sure if I can rinse and repeat, but I still trying to buy low and sell high. I hope I can get the right time to trade.

But with the increase of bitcoin price now, I think I need to wait for a while to see the downtrend, and maybe I can use my time to see the other altcoins. I hope the other altcoins can increase too so I can make more profit.

If you are not comfortable with BTC, choosing another alternative is the best thing to do, there are
assets that also good for both long and short term investment.

Nah, bitcoin is the best investment for me besides making money from the altcoin. The altcoins help me profit in the short term, while bitcoin is both long and short term investment.

[dwinrs]

I would rather have 70% in BTC and 30% in alts than vice versa.

really 70% better for bitcoin because bitcoin will benefit more than alt coins

[tbterryboy]

selling some alt for btc is not a problem. but you may have to try to buy altcoins that are still low-priced and potential, maybe this can make you profit when your investment is successful and gets a high price.
seeing high btc dominance, altcoins will usually follow higher.

That is a good idea. But people tend to buy the coin which has rally and expect that they can follow the price increase and make a profit. But the truth is they can not make a profit, especially if they just buy and sell the coin without analyzing the price. Buying the altcoins at a low price will always be recommended, but they can not always get the right coin to buy, so it will need more research to find the coin.

That's the biggest reason why people end up losing money, they end up putting their money into something that is going up and they lose money. You do not put money into something that is going up, you put money in it before it goes up, if you are not sure what is going to end up going high then you should not put money into it, if you are sure about it going up then you should be spending money to make it go up yourself of at least buy beforehand.

Obviously nobody could say that it should be done this way or that way because everyone has their own way of trading, but if you buy something that is going up that means you will end up losing money if it stops going up. I have seen people losing thousands of dollars because of things like this, there is nothing wrong with buying when things are low, keep buying as long as it keeps going down and do not be afraid.

[meldrio1]

I don't think if that is good idea to sell your altcoins just for bitcoin.. Many altcoins out there that has more potential than bitcoin like polkadot, cardano, binance coin, they can increase multiple times. Bitcoin is good for long term investment but if I have money to spare I rather to invest in altcoins.

[tbterryboy]

Definitely it's going to be tough decisions to make right now, since bitcoin struggles to rise while on top value right now. That's better to take more time to grow your alts before deciding when to sell all of it. By the time, when you fail on that specific decisions you might miss the opportunity to earn those potential profit. So don't rush, analyze what's best for your asset and don't forget to read every updates.

When bitcoin has hard time going up, crypto market doesn't go up that much neither, it just goes up a bit but not a lot, that's why it is not a good way to invest if the only thing you are hoping for is bitcoin not going up a lot but others going up a lot.

I personally believe that altcoins only gain value together when bitcoin does, sure there could be here and there coins that go up during the stagnant period as well but those are rare and we never know which one will do that so picking one is hard choice. That is why I create a portfolio of coins, it has bitcoin and it has altcoins, that way I feel more at ease with myself since if bitcoin goes up altcoins go up as well and if bitcoin stops, there could be some coins that go up if I am lucky and if not it will be there for a while like bitcoin does, it works out in both cases so it is cool to have it like this.

[DU18]

Hi guys,

a question which i had discussed with some of my friends before:

If you were invested heavy in alts but rather light in btc lets say 30% BTC / 70% alts you made a good profit in dollar.
BUT i have the feeling i wasted so much BTC to buy Alts and right now BTC has surpassed many of them by far.

Do you think it would be wise to sell some Alts for BTC right now?
Or is BTC dominance to high?

Really interested in your thoughts!

Kind regards.

If we look at current market conditions it seems that BTC dominance is more dominant and of course this makes BTC prices continue to experience corrections in the market because many traders or investors prefer to sell their altcoins with the current BTC pair and of course make the altcoin season will be a little it is late this year, although I believe that BTC is more dominant now, but I will hold on to a few altcoins for the long term and hope that when the altcoin season comes I will get big profits.