Sell a little bitcoin now to get into alts when it all drops soon?

[dAppsSolutely]

I'm new at all this but I've been filling my head with bitcoin news lately and things sound a bit dire... uh, bearish?  Still learning the lingo.

If I have a little bitcoin, small time stuff here for you high rollers, but it's 4x my initial investment now, and I'd like to get into other cryptos and learn trading and coding dApps with them...
wouldn't it be a good idea to sell some bitcoin to be able to do that?

It seems like the logical thing to do. But, I'm new to trading and wow it's more complicated than coding. What do you guys think?

Thanks

[el kaka22]

This has been a topic or a question a million times already because there is no sure answer to any of this. I mean surely we are talking about something that we could never predict 100% correctly. Sometimes bitcoin does better than another coin, sometimes it doesn't and we do not know which ones neither, we have market situations where price of bitcoin goes higher than some coins but not higher enough compared so some other coins.

This means that we need to also be very precise while we are picking coins as well. None of these are simple answers or easy to find results, it only comes out after the fact and that's the main problem people are having. You won't find the correct answer here, nobody really can predict it 100% correctly and they are just going to tell you what they believe in and that is it, otherwise they would be lying if they said they "knew" the answer.

[mk4]

It's the "logical" thing to do only if you actually think that you're capable of learning to trade properly and if you actually think you can pull it off in the end. Like, there really is no right or wrong when deciding to try to learn another skill, because in the end it's going to depend on you and your performance anyway, not us.

[Russlenat]

Not a good idea, when bitcoin dumps altcoins will dump more.
I suggest that you sell your bitcoin for a stable coin so you will minimize your losses, and just start buying bitcoin when the market is already bullish.

This year, looks like the start is good, it looks bearish to me, so we are now seeing a bearish mode for altcoins more than bitcoin will experience.
A little view of what is happening now - https://coinmarketcap.com/

[SquirrelJulietGarden]

If I have a little bitcoin, small time stuff here for you high rollers, but it's 4x my initial investment now, and I'd like to get into other cryptos and learn trading and coding dApps with them...
wouldn't it be a good idea to sell some bitcoin to be able to do that?

It is terrible idea. Because the market is depended on Bitcoin. If Bitcoin stops its bull run and starts its bear market, the crypto market will almost be unable to keep up its bullish momentum.

Altcoins are rest cryptocurrencies except Bitcoin and they will be the most vulnerable assets in bear market. I know in bull or bear market, there are altcoins can rise oppositely with the general market but very few altcoins can do that.

I don't understand what is your plan. Do you want to invest into altcoin projects which are related to dApps, Web3? Do you want to create your own project and you are CEO, CTO?

[AicecreaME]

I'm new at all this but I've been filling my head with bitcoin news lately and things sound a bit dire... uh, bearish?  Still learning the lingo.

If I have a little bitcoin, small time stuff here for you high rollers, but it's 4x my initial investment now, and I'd like to get into other cryptos and learn trading and coding dApps with them...
wouldn't it be a good idea to sell some bitcoin to be able to do that?

It seems like the logical thing to do. But, I'm new to trading and wow it's more complicated than coding. What do you guys think?

Thanks

I'd rather hodl my bitcoin rather than risk it by selling at a very low price just to risk it again by investing to some random altcoins in the market. The profit you could get by hodling is much more better than the "profits" you could make by risking it to some altcoins in the long run, the higher the volatility, the better in the long run, in my opinion.

Don't get too excited or scared because of the recent dump, it's normal.

[michellee]

In this situation, it is better to hold your bitcoin still because you will not make a big profit. Bitcoin gets correction again and makes the price is down to the lower price. The first thing you should remember in any investment is just investing for the amount that you can afford and do not break your limit because that is for your safety.

If you have bitcoin, no matter how much the amount of bitcoin, it is better to keep hold and wait for the next rises and sell it at that time. If you decide to be a trader, you need to learn many other lessons that will not be the same as a holder. If you want to become a holder, you need to know how long you want to hold your bitcoin and what is your target price to sell your bitcoin. It is not too complicated because the thing that makes it complicated is your greed.

[so98nn]

It depends entirely on how much money you got in the bitcoin. I think selling bitcoin is bad idea though because it is prime investment which you should not touch. It comes under elite investment which can grow and go boom at any time. If you wanna invest in altcoins then simply keep that portfolio segregated from the bitcoin.

Moreover, selling bitcoin for altcoins is stupidity as you can loose value in the transactions made due to volatility, transaction fees, maker-taker fees etc. Better get it with Fiat and have proper entry point for the same.

Also, ever thought how much it would cost you to sell little bitcoin? Think.

[Fesatmas]

It's a natural position if you panic, we're used to bearish moments here. Don't ruin your finances if you only invest in the short term. Obviously, it will be very dangerous for your investment life. Try to look at it from a long-term perspective, the market is always volatile, so if you find a bear market and you have bought it at a high price, it's better to leave the market and come back when everything has recovered. Thinking about reducing the value in the portfolio will only make you psychologically stressed.

[passwordnow]

Traders do that but, are you capable of doing that? Me as a holder, I don't do that and I let bitcoin on hold because that's the thing that I know and based on experience, having bitcoin is profitable. But if you know what you're doing and you have an idea of doing it, basically, you have to trade it and see where it's going to be profitable as you convert that bitcoin into the alt that you think is very much profitable. You're the owner of your money and you can make your own rules.

[dothebeats]

This is a matter of personal choice, research, and preference, and could not be answered by any one of us here. If you deem altcoins as worthy during this bearish season, then go for it and explore some alts that you wanted to hold for a long time now. Personally, I already sold some of my bitcoins and I'm holding the proceeds on stablecoins, and still researching on which alts to grab and play with. During these times, there are some 'outliers' that manage to make some decent increase in price all while the market is scrambling to get back to its feet.

[Findingnemo]

I'm new at all this but I've been filling my head with bitcoin news lately and things sound a bit dire... uh, bearish?  Still learning the lingo.

If I have a little bitcoin, small time stuff here for you high rollers, but it's 4x my initial investment now, and I'd like to get into other cryptos and learn trading and coding dApps with them...
wouldn't it be a good idea to sell some bitcoin to be able to do that?

It seems like the logical thing to do. But, I'm new to trading and wow it's more complicated than coding. What do you guys think?

Thanks

So you made 300% profits from investing in bitcoin, If I was you I will look to accumulate more bitcoin than thinking about selling them and buying some other things and just hoping that it will replicate the same to me.

[Johnyz]

If you’re still in profit while the price of Bitcoin is dumping, I believe you can secure that profit now and buy later on once the market recovers but if you are already in loss better to keep on holding since selling and panicking at a big loss is not good at all. I’ll still choose BTC over altcoins, you can just have them by increasing your capital so you can keep your Bitcoin.

[dAppsSolutely]

I don't understand what is your plan. Do you want to invest into altcoin projects which are related to dApps, Web3? Do you want to create your own project and you are CEO, CTO?

My plan isn't quite clear yet.  I'm trying to get guidance on that here: https://bitcointalk.org/index.php?topic=5380372.new#new

In a nutshell I want to switch from web development to web 3.0 development and start building dApps. But, I don't even know what that looks like yet. And, I'm getting the idea that I should just ask this stuff in a coder forum.  I thought there might be dApp coders here.

[dAppsSolutely]

Moreover, selling bitcoin for altcoins is stupidity as you can loose value in the transactions made due to volatility, transaction fees, maker-taker fees etc. Better get it with Fiat and have proper entry point for the same.

Others mentioned this too. Thanks everyone who pointed this out. I think I get it now.

Although, the idea was to sell about a quarter of the bitcoin now when it's still 4x what we paid, get the initial investment back and put it into other coins AFTER they all plummet.  The whole idea relies on them dropping significantly this spring, I know.  That's why I'm asking here, to get others' opinions and hopefully some opinions backed up by facts.

Also, ever thought how much it would cost you to sell little bitcoin? Think.

It's free because I'm a noob and bought it through robinhood.  At least I get free trades.  Wallet coming out this year they say.

Note: Had to repost this because of some glitch with the forum. Let's hope it doesn't make a duplicate.

[SquirrelJulietGarden]

It depends entirely on how much money you got in the bitcoin. I think selling bitcoin is bad idea though because it is prime investment which you should not touch. It comes under elite investment which can grow and go boom at any time. If you wanna invest in altcoins then simply keep that portfolio segregated from the bitcoin.

You can do this only if you don't have pressure to sell your Bitcoin to pay for anything else. Loan repayment call, mortgage call and more. If you don't have a reserve budget for expenses, I believe you will have to sell your Bitcoin and it's bad because you will have to sell it in bear market at lower price than your entry price.

Moreover, selling bitcoin for altcoins is stupidity as you can loose value in the transactions made due to volatility, transaction fees, maker-taker fees etc. Better get it with Fiat and have proper entry point for the same.

It's worse idea because in bear market, altcoins lose their price at faster rates than Bitcoin. Altcoins can lose 99% of their prices from all time highs in bull market while Bitcoin lose about 80% max. Many altcoins die in bear market, developers abandon altcoin projects and never come back in next bull market. They create new altcoin projects to join a new bull market because it is easier to steal money from altcoin investors.

[dAppsSolutely]

So you made 300% profits from investing in bitcoin, If I was you I will look to accumulate more bitcoin than thinking about selling them and buying some other things and just hoping that it will replicate the same to me.

Good point. Thanks  hmm  

Maybe I can find the money somewhere else for the altcoins.  Thanks!


note: had to repost this again.  keeps failing due to some timeout. says saved in drafts but no sign of this drafts folder anywhere

[TinaK]

Maybe I can find the money somewhere else for the altcoins.  Thanks!

Altcoins are useless if bitcoin is down, they have almost tied up the price, and altcoin price swing the same movement to the bitcoin price.
You can focus on bitcoin and if you don't want to lose the value of your bitcoin and if you feel it will drop further, you can diversify your bitcoin into a stable coin and invest back to bitcoin when it will drop furthermore.

But I will rather hold for a long term my bitcoin to have less risk.
There's nothing that will lose you if you will keep holding, 1 bitcoin will remain 1 bitcoin if you keep holding on to it.

[Findingnemo]

So you made 300% profits from investing in bitcoin, If I was you I will look to accumulate more bitcoin than thinking about selling them and buying some other things and just hoping that it will replicate the same to me.

Good point. Thanks  hmm  

Maybe I can find the money somewhere else for the altcoins.  Thanks!


note: had to repost this again.  keeps failing due to some timeout. says saved in drafts but no sign of this drafts folder anywhere

Due to the newbie rank you need 360 seconds gap between your post but its not that longer. And you can see your drafts here : https://bitcointalk.org/index.php?action=drafts

Money is money no matter where it comes from so make use of it effectively, its okay to play with shitcoins for very minimal amount from the total portfolio value but never invest all of them into altcoins.

[adaseb]

Did you read Arthur Haynes new article. He is basically going to do the opposite. Sell all his alt coins now and buy more BTC and ETH. Why is he doing this?

Well he states that if there is a bear market then BTC and ETH will drop the least. Altcoins can drop 90% or more. So if you sell them now instead of buying them and buy Bitcoin you will end up losing sell. Or you can sell your alt coins now and wait until everything bottoms out and buy BTC then and most likely the alt will be like down 99%.