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Author Topic: Selling BTC for Alt Coins?  (Read 1046 times)
NewRanger
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March 11, 2024, 04:29:42 AM
 #21

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.

Sometimes our calculations will be different from the actual situation, so in my opinion, just hold on, don't be embarrassed if you see another one going up because it will be the corona virus which will change your mental health if you sell it, let alone choose the wrong one later. because BTC prices will continue to rise as long as market sentiment is positive and there is no more fud.

But it depends on your own decision, personally I will continue to buy BTC coins until it reaches a price above 100K.
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March 11, 2024, 04:48:14 AM
 #22

Nothing can be predicted clearly and with certainty in this market, and there is no guarantee that the two altcoin projects you will invest in will give you 5X in the near future. Perhaps new projects that have not been pumped before and meme-coins may give up to 100X or more, but can you take the risk and be patient after all your capital has disappeared? I prefer Bitcoin profits, even if they are in the far future, along with increasing my holdings in it. Bitcoin won't make me take risks I can't bear, and I add Ethereum alongside it. As for alternative currencies, there are solid and attractive projects for investors. You can do your research and not decide based on someone's opinion or prediction. This is your funds; you can make your own decisions and invest in what you deem profitable.

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March 11, 2024, 05:32:09 AM
 #23

Being greedy mostly bringing us to more losses mate am not telling that you are greedy but what I'm saying is when you wanted to have that x5 profit when you are already in Bitcoin that is what you can call greedy.
Please refrain from this attitude or else you will never meet your expectation.

but if you already have a holding in bitcoin then try to invest in Ethereum , Solana and also  Dogecoin for better result in the future.









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March 11, 2024, 06:07:13 AM
 #24

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.
We don't know what Bitcoin's potential will be in the future. When the price of bitcoin reached $1k, no one expected that the price would be many times higher than it is today. However, if you assume that, then looking for altcoins with 5x potential will only be in popular coins that have low prices. Maybe coins that are under $1k like BNB, SOL, ADA, and others. If you want to take risks, then a new project could be your choice. Usually initial investors are offered quite a lot of bonuses. Well, maybe this is risky. However, since you are targeting high profits, the risks will also increase.


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March 11, 2024, 09:28:44 AM
 #25

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea?
Don't be hasty to sell now. Bitcoin hasn't even gone through its halving for this circle. We're still a month away from that. Waiting till then should be a priority for you. Imagine Bitcoin doing 2x from here (highly possible) and your $2.1k turns $4.2 before the end of this year. It's a sure investment without much stress. If I were you, I would sit on my hands and wait for post halving events to come up.

Quote
I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell.
You're right that it can't do 5x from here as that would be putting Bitcoin price at over $350k this circle. I don't see that happening, though I know nothing should be ruled out in this industry. With alts, you can get over 1000% on your investment. That's true but it's more risky investing in them than in Bitcoin.

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March 11, 2024, 09:36:56 AM
 #26

I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell.

if you say so. yes, you can sell your coins and find an altcoin. your choice. curious to know how you know BTC is not going 5x in the future.

since you have already decided, you should be able to also find an altcoin that may go 5x in the future. this shouldn't be a problem with your crystal ball. there are several altcoins you have in mind that's for sure. i think you can give a comparison of these altcoins as to why you wanna buy this or that.

It most likely will 5x in the future, I was just saying not soon.

Ah ok - so you are a "when Lambo" person! you want quick profit by gambling with something
which has a proven and secure network, has the biggest backing by the community and has
traditional investment companies scrambling to get as much of it as they can - and you look for a choice
of 2 or 3 in a couple of hundred projects made by someone with the sole purpose of
relieving as many gullible people of their Bitcoin as possible.

They thake your most valuable asset Bitcoin and give you some shiny
little trinket in your hopes that the altcoin lottery will pick it to be the next pump-n-dump
winner.

R


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March 11, 2024, 09:46:24 AM
 #27

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.

This decision will definitely varies from individual, Bitcoin is best harvested after a long term of holding, selling btc to buy altcoins means you are not a holder, Bitcoin has future potential than altcoins and is not a quick get rich scheme but it pays well benefits after a long term of having a compounded of your invested value, for me I won't sell Bitcoin for altcoins I will rather invest in something that is not related to Bitcoin.

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March 11, 2024, 11:42:41 AM
 #28

for me, selling bitcoin for altcoins is not very good. because bitcoin has a better future outlook than altcoins.
Even though the price of Bitcoin can fall a lot, there will come a time when it reaches a new ATH.

In contrast to the altcoins that are already known, many of them are dead and worthless. If you make the wrong choice, it certainly won't increase your money, it will actually result in a loss of assets.

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March 11, 2024, 12:03:31 PM
 #29

You can. Sell some and alternate your crypto investment with AltCoins.
Some AltCoins currently have potential growths to provide more incomes that bitcoin.
You've got a wise view but I can tell you not to sell off total because AltCoind can be funny and also, be careful of AltCoins you invests on especially the MemeCoins.

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March 11, 2024, 12:10:47 PM
 #30

In fact, it's legal if someone wants to double their money by selling the BTC they own to buy Altcoins, but at least looking for Altcoins that have value or being able to make the decision to buy Meme Coin has at least thought carefully about investing or selling the BTC they own. If only, because the value of the BTC that you have is not that small, 2.1k BTC is not a small amount, half of that alone can buy thousands of Altcoins without having to sell all the BTC that you have, because that could be a risk in itself because no one knows what a person's needs will be in the future. day.

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March 11, 2024, 02:54:25 PM
 #31

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.

If you want to do short term trading and follow the trending narrative, I think you can convert 50% of your Bitcoin to altcoins. You can choose several altcoins with narratives that are currently trending, such as AI and Defin. They can give you profits of up to hundreds of percent. But don't put your money in many portfolios. You can put it in 2 to 5 altcoins. And if the price has risen high, you can take profit and buy Bitcoin again. Altcoins can give you huge profits but the best investment is still Bitcoin.


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March 11, 2024, 07:54:01 PM
 #32

Op what you said is not far from my thoughts these days. I was also thinking that since we are on the bull run, I will like to sell some of my bitcoin and buy Ethereum because the future of Ethereum is very bright like bitcoin and this is the best time to buy Ethereum and hodle for the next bull market. But still observing the Ethereum bull and if I will buy it will be small amount and not much and if you are sell your bitcoin to invest in altcoins I will advise you not to sell all but a fraction of it.

Op don't sell all and do not invest in more than two altcoins. And if you must invest, invest in Ethereum and Eloncoin so that in the next bull market you can make enough profit from it.









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March 11, 2024, 09:22:46 PM
 #33

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.
You are exactly looking for a gem and a bunch of shitcoin instead of looking for a good asset that will give you a fortune. Yes, it probably Bitcoin won't give us x5 on our capital but if we talk about sustainability and profit assurance long-term, we never fail. Unlike these altcoins, they might be in huge price increase, making some hype during bull season x1000 is even possible but have you imagined missing it, you will never see your money back.
Selling some for altcoins is not really a bad idea but selling all of your BTC for them is a big mistake.

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March 12, 2024, 12:56:18 AM
 #34

In my opinion, selling Bitcoin to buy altcoin this period is a dumb idea, with all we have seen for ourselves how the price of Bitcoin became highly volatile and has broken a new ATH, you still think selling it to buy alt would be a good idea? I can't believe this, it just explains how impatient some of you can be even when you see results. This is just pre halving bull, after the halving and price correction, based on history, we still have an anticipating bull that will definitely change the shape of Bitcoin to a more pleasing figure, that will definitely make holders smile.
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March 12, 2024, 04:17:51 AM
 #35

all decisions are in your hands, if you give up your btc for altcoin it might be the best decision for now, no one can force you,
but if you accept suggestions from your friends here, there will definitely be many who will regret your actions, because BTC is the best COIN and determines the price for all altcoins

.SUGAR.
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niall51
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March 14, 2024, 04:59:48 PM
 #36

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.

It depends on you, but if your decision is to sell your bitcoins to buy altcoins so that your money doubles quickly, altcoins are the right choice because in my opinion bitcoin is a coin to maintain our wealth, while altcoins are to multiply our money, how do we want to maintain our wealth? but we ourselves are not yet rich, altcoins are the solution but everything definitely has risks, keep doing your own research, don't be fomo about anything so you don't lose your money

SUGAR
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March 14, 2024, 07:37:02 PM
 #37

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.

Not a good idea but it also depends on your investment strategy. If you want to maximize your profit then low cap alts is the best option for you but they will also come with high risk. Bitcoin won't do 20X like many altcoin but it will do at least 4X from here which is also not that bad after all with the least risk. If you really think you want to play the risky game then you can use another way to leverage your trading. There are many lending platforms where you can use the Wrap version of bitcoin to take a loan which can be used to invest in risky alts. This way you don't need to sell any bitcoin at the same time you will be able to enjoy the profits from alts as well.









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cute nmp
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March 14, 2024, 07:53:31 PM
 #38

It is a very good idea to sell your Btc at the moment cause the market look very extended for now .It could go for a harsh pullback to round 50k or lower so this could be the best time to get out also taking about investing in altcoins i will advise you to hlod on for now cause if Btc dips most of the other pairs follow suite.

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March 14, 2024, 09:28:43 PM
 #39

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.
If your goal is to get 5x the current profits, in this bullish era, then you probably won't get that in Bitcoin. Because currently, the Bitcoin price has started to rise to the top and it will be difficult if it wants to reach 5x again in this bullish era. Unless you bought it when it was priced at $20k first, you can.

However, if you want to convert them to altcoins, you also have to be aware and ready for all the risks. Not all altcoins are worth it. If you make a little miscalculation, you could end up losing your money. Hmm, if you want to, it's best if you choose top coins which really have the potential to increase 5x. However, if you want to bet with results that are even more than 5x, then you can go for hype coins, but with the risk of 5x the profits or your money will actually go to 0.

All of your decision will always have its own plus and minus. be wise and careful, don't be too  greedy.

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March 14, 2024, 09:37:04 PM
 #40

I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.

I would never sell all your bitcoin for altcoins.  It's has always been a good thing to have bitcoin in your portfolio.  Yeah 5x might not be lifechamging but what's stopping you from continuing to add to.your stack.  Keep on adding more fiat when possible.  Then big moves in the market make a difference.  Either way if that's what you have I wouldn't gamble it all on low cap.flyer type coins if you are going to do that.  Too much downside risk at least for me.

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