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Author Topic: Sell a little bitcoin now to get into alts when it all drops soon?  (Read 398 times)
nurilham
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January 12, 2022, 10:57:19 PM
 #61

I don't think it's a good idea. When the price of Bitcoin drops, most alt prices will also go down and indeed the price of Bitcoin greatly affects the market. If you really want to invest or trade alt then from the start we can buy Alt in addition to buying Bitcoin. So we can buy both without having to sell one of them. Choose an altcoin that has good prospects so that it can make a profit. Bitcoin and altcoin investments will be equally profitable depending on how we manage the assets that we have.

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January 12, 2022, 11:56:35 PM
 #62

Trading requires a lot of experience as I say because it needs also skills which may be in the form of thinking, analyzing and to go through the loss too sometimes but there should be some cover for each trader, whenever he make loss that cover supports him, that's in my opinion trading makes easy for the trader.
Technically trading is not easy though having the right knowledge can bring you more good fortune in trading that’s why its very important to keep on learning about trading, so you can be good which you can be use for the rest of your trading journey. Having Bitcoin is everything, so better not to sell for now just to get altcoins you can buy some altcoins but don’t sell BTC, its pretty cheap now.
If you can keep bitcoin the whole time, that will be a great advantage. But for some who have limited funds, if they have huge number of bitcoin, i think it will not be a loss if we can sell a small portion of bitcoin so we can also grab the chance of buying altcoins. Because not all times bitcoin is the most profitable, there are really times that altcoins will exceed the profits from what we expect from bitcoin. So its never a bad idea at all since you can diversify now your investments.
Would only be worth if you do go for long term if you do accumulate bitcoin as much as you can without considering other alternatives like on accumulating altcoins.Prices arent really correlated from time to time
which means it could neither go along the way or would go to opposite ones but we cant really deny that Bitcoin is the trend setter and this isnt something that you could avoid off thats why investment
decisions isnt something easy to be done due to unpredictability of the market. Neither price could go along with or not and it all depends with various market conditions and reasons.

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January 13, 2022, 01:24:06 PM
 #63

If you can keep bitcoin the whole time, that will be a great advantage. But for some who have limited funds, if they have huge number of bitcoin, i think it will not be a loss if we can sell a small portion of bitcoin so we can also grab the chance of buying altcoins. Because not all times bitcoin is the most profitable, there are really times that altcoins will exceed the profits from what we expect from bitcoin. So its never a bad idea at all since you can diversify now your investments.

Many consider investing in altcoins for the sole purpose of directing the money earned to buy bitcoin. The best solution in this case would be to trade altcoins in a pair to bitcoin. But this type of trading will be profitable only if the market is bullish.

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January 13, 2022, 08:10:51 PM
 #64

I don't think it's a good idea. When the price of Bitcoin drops, most alt prices will also go down and indeed the price of Bitcoin greatly affects the market. If you really want to invest or trade alt then from the start we can buy Alt in addition to buying Bitcoin. So we can buy both without having to sell one of them. Choose an altcoin that has good prospects so that it can make a profit. Bitcoin and altcoin investments will be equally profitable depending on how we manage the assets that we have.
Well, its always expected since bitcoin still dominates the crypto space and whatever its price will always leave a huge impact on altcoins. If you can have all the means to buy bitcoin and altcoins at the same time, then why not? They are both profitable so they deserved to be kept and hold.

However, if you don't have enough money to invest in altcoins, then maybe selling a part of bitcoin is not a bad idea at all. The fact that you are doing this because you want to accumulate more profits in the future since more investments will mean more profits, so definitely there is nothing wrong with it.

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January 14, 2022, 04:41:49 PM
 #65

Trading requires a lot of experience as I say because it needs also skills which may be in the form of thinking, analyzing and to go through the loss too sometimes but there should be some cover for each trader, whenever he make loss that cover supports him, that's in my opinion trading makes easy for the trader.
Technically trading is not easy though having the right knowledge can bring you more good fortune in trading that’s why its very important to keep on learning about trading, so you can be good which you can be use for the rest of your trading journey. Having Bitcoin is everything, so better not to sell for now just to get altcoins you can buy some altcoins but don’t sell BTC, its pretty cheap now.

Instead to plan selling off bitcoin because you want to buy some altcoins is not a nice step. Bitcoin is more trusted to invest into. You can instead of that do the reverse by selling your altcoins to buy bitcoin. You know bitcoin will rise with time but altcoins can disappoint. Again you need to know the altcoins community you are investing into some are not functioning while some are relying on being hyped.
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