Selling BTC for Alt Coins?

[JamesDaniel90]

For me I chose altcoins over Bitcoin since I started 2 years ago.

If I could do it again I would have done Bitcoin as didn't realize it would pump first and leave altcoins lagging behind.

But I expect altcoins to perform a lot better than Bitcoin for the rest of this bull run over the next 12 months so I'm still feeling hopeful I will do well overall.

My plan is to cash out my altcoin profits in 2025 and then buy Bitcoin in the next bear market in 2026/27.

[Epaper]

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.

My advice, it's better not to sell your BTC. Even better, if you have other money, you can buy some potential altcoins to get other profits. but it all depends on your choice, if you feel that the BTC you currently have is profitable, maybe you can sell it and buy altcoins that have the potential to get even bigger profits.

[markm]

To me, buying coins should mean "supporting" them.

If only there were a safe place to place buy-with-bitcoin buy-offers - real bitcoin in my own wallet with my own keys.

I have been lucky to the extent that for a long time now I have been able to leave all my bitcoin in various places as buy offers despite the far too frequent "flying by night" or "oh noes we got hacked" exit-strategies of trading venues / implementations.

In other words it has so far, for me, been long term profitable to let my actual genuine on the blockchain bitcoins be at risk in order to use them to "support" (as in columns of buy offers) various alt-coins.

Nowadays though I am seriously considering that since I in any event have to "trust" my BTC-to-fiat and XLM-to-fiat (via BTC) outlets with my bitcoins, I might as well also start trading BTC-vs-XLM on those (the usual columns of buy and sell offers strategy supporting each using the other).

So maybe a useful starting place for you to look at first would be all the various venues where you can or do (or at least could) convert your BTC into fiat and see if any of the alts they offer appear tempting to you, being as how you already are going to ultimately at least momentarily trust such venues if or when you eventually convert some BTC into fiat.


-MarkM-

[Akbarkoe]

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.

My advice, it's better not to sell your BTC. Even better, if you have other money, you can buy some potential altcoins to get other profits. but it all depends on your choice, if you feel that the BTC you currently have is profitable, maybe you can sell it and buy altcoins that have the potential to get even bigger profits.

2.1K BTC is quite crazy for me and I say him including Whales, what life he really wants, with that much BTC number I think he doesn't need to exchange it for Altcoin to live a longer life. LOL
I invest in altcoin to get bitcoin, but he is the opposite, although indeed Altcoin can provide a much bigger multiple but it is very risky, not a good choice, I also think that if I have a lot of BTC I better invest in BTC only than Altcoin even though Altcoin though tempting, but security and maintaining wealth at BTC are much better.

[kingvirtus09]

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 often do that, because that's what I always see that for me, he becomes profitable, especially if the trading pair to be used is BTC to BNB, or it depends on you which crypto you trust more.

Because if that's how we make a trading pair, at least a win-win solution than your trading pair in stablecoins, for at least BTC or crypto, there will be an increase in price that will happen while you are holding.