Converting altcoin profits into Bitcoin?

[jrrsparkles]

First bull run for me and I do not have any Bitcoin yet but do want some after this bull run to hold until 2030 at least.

Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.

You mentioned you yet to have bitcoin then I suggest you to start with bitcoin which is the unwritten rule to be successful crypto investors. Definitely taking the profits from altcoin and buying them for long term is good strategy but it's high risky cause only God knows how many altcoins exists now cause the numbers are skyrocketing so let's assume 10000 active projects now in the market so if you pick one then chance of making big money is 1:10000 but if you pick Bitcoin it's 1:1.

[JamesDaniel90]

Bitcoin is safe yes but I just don’t see point in cashing out now if I cash out now I can’t even buy one Bitcoin but if I cash out my altcoin profits in the peak of the bull run and then buy in the next bear market I might be able to buy 2 Bitcoin.

Each to their own, take note that there is no guarantee that the altcoins you are storing would pump at the 'peak' of the bull run and give you a lot of money, they could also dump, and you'll lose money. So many of us do not trust altcoins because they don't have utility like BTC does, but if you believe in what you are doing, then goodluck.

Just look at an altcoin called Arcblock - you probably haven’t heard of it if you’re not into Altcoins. I got in last year @ $0.11 average and it is now $4.05, it hit $4.76 a few weeks ago - it has given me over a 40x return in just over a year , you do not get that with Bitcoin.

I want to be in Bitcoin long term but I believe I can make more money with altcoins to then be able to buy more Bitcoin.

First bull run for me and I do not have any Bitcoin yet but do want some after this bull run to hold until 2030 at least.

Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.

You mentioned you yet to have bitcoin then I suggest you to start with bitcoin which is the unwritten rule to be successful crypto investors. Definitely taking the profits from altcoin and buying them for long term is good strategy but it's high risky cause only God knows how many altcoins exists now cause the numbers are skyrocketing so let's assume 10000 active projects now in the market so if you pick one then chance of making big money is 1:10000 but if you pick Bitcoin it's 1:1.

I’m sorry but this is rubbish and you are just purely against altcoins which is fine but so many of them make money. I have 20 altcoins and 16 of them I am in profit currently and we still have alt season to come in a few months when they go crazy.

I am currently holding altcoins that have given me over 20x returns in less than 18 months and one mentioned above that has given me over 40x return.

I am not against Bitcoin, like I said I want to hold a couple and sell around 2030 when it is hopefully around $500k that is my plan and to help me buy some bitcoin I am using altcoins.  

[KiaKia]

Bitcoin still have some legs up, if eventually we break this 72k range we are going 80s for sure, I do hope this is the final test or else it will spell a disaster for Bitcoin side way movement since the past three months now, so I would say it is still not bad to keep buying some Bitcoin over time.

Although, truth be told, I believe it is already too late to buy good amount of Bitcoin, while the hoardes are hoping for a 100k we might never see it happen, the best time to have bought some good amount of Bitcoin was in 2022 and 2023, those were the best buying time.

The next best opportunity will be the next bear market, probably in 2026, so if you are looking forward to buying some good amount of Bitcoin start preparing from now, you can still buy now and make some gains in few months down the line but the opportunity in 2026 will be awesome, don't forget that.

[jrrsparkles]

First bull run for me and I do not have any Bitcoin yet but do want some after this bull run to hold until 2030 at least.

Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.

You mentioned you yet to have bitcoin then I suggest you to start with bitcoin which is the unwritten rule to be successful crypto investors. Definitely taking the profits from altcoin and buying them for long term is good strategy but it's high risky cause only God knows how many altcoins exists now cause the numbers are skyrocketing so let's assume 10000 active projects now in the market so if you pick one then chance of making big money is 1:10000 but if you pick Bitcoin it's 1:1.

I’m sorry but this is rubbish and you are just purely against altcoins which is fine but so many of them make money. I have 20 altcoins and 16 of them I am in profit currently and we still have alt season to come in a few months when they go crazy.

I am currently holding altcoins that have given me over 20x returns in less than 18 months and one mentioned above that has given me over 40x return.

I am not against Bitcoin, like I said I want to hold a couple and sell around 2030 when it is hopefully around $500k that is my plan and to help me buy some bitcoin I am using altcoins. 

I am not against altcoins, I just give the right advice of what you are supposed to do if you're a beginner but if you already made 20x returns from investing in 20 different altcoins then it's great so now my suggestion is to cashout some part of the profits now itself and buy bitcoin at current price which you may again think as rubbish but I am speaking based on the experience.

Many people literally made hundreds of thousands of dollars in altcoin investment but all of them went to zero overnight because of some stupid incident that's why it better to take the conservative approach.

[Abbatty]

First bull run for me and I do not have any Bitcoin yet but do want some after this bull run to hold until 2030 at least.

There are a lot of people who are yet to own a bitcoin so don’t feel you are left behind everyone’s target is to try and be a bitcoin holder before the upcoming bull run and gain as much profit as they can so I wouldn’t advise you to invest in bitcoin after the bull run because after the bull run comes the bear season and as a new investor i don’t think you will be prepared for what the bear market will bring. The bear season being your first crypto experience as a beginner is bad because if you’re not mentally prepared you will end up panic selling your bitcoin.

Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

We can only advise you but your final decision is yours selling your altcoins and what you do to it is left for you if you feel it’s the right thing to do. Waiting until the peak of the bull run to invest in bitcoin is a waste of time and by then bitcoin price would’ve gone up making it more expensive to purchase and also reducing the possible profit you could make. I advise you start investing right away if you really want to make the best of the bull run. You don’t have to wait until until you have huge amount to invest in bitcoin, you can always invest and accumulate bitcoins gradually using the DCA strategy its the best way to accumulate bitcoin for low/average income earners.

[passwordnow]

First bull run for me and I do not have any Bitcoin yet but do want some after this bull run to hold until 2030 at least.

Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

If that's what you think is the right thing to do, then you have to do it. I'll give you a summary of my mistake in the past years. I've sold too early with my Bitcoin holdings and those Bitcoins that I should hold right now probably have grown a lot in value. So, with little mistakes that we do in the past, we're going to learn from it. This time for you, if you will not take any part of this bull run you will regret it later. 2026 based on the cycle is likely to be the bear market so, why not?

I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.

It does makes sense, so whatever is going to work for you as of the moment just do it. Every strategy won't work for me and for you. As long as what fits your decision making and what is going to be convenient for you do that. All of us are taking risk here and this is the risk that you're going to take by buying at the peak. But speaking of the current price of Bitcoin, I don't think that we're at the peak yet but still, do your own research and don't lean a lot to people's opinion on what you should do with your assets.

[Stable090]

Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

How do you know the bear market will start by 2026? We are just in the middle of 2024, you don’t even know what’s going to happen by 2025, and you are already talking about 2026. I will tell you that nobody knows when the bear market will come, if people know’s they will always leave the market before the bear market. I will tell you it’s too early for you to conclude on how the market will be by 2026. If you want to invest in bitcoin, then it’s better that you start accumulating it gradually.

I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.

And do you think bitcoin is already at its highest price? Then wait and see the price of bitcoin in the next few months. I won’t be advising you to convert your coin into bitcoin or not,  it’s your choice. You can choose to do whatever you like, but don’t just do what you will end up regretting.

[Sandra_hakeem]

Some countries will fuck you if you convert an alt directly into btc at this time . The USA will make you report it and determine if you owe tax.

Did they just seriously improvise a way to keep tracks on anyone that does something out of the government's administration/jurisdiction?.. Yeah, I heard them presenters analyzing the percentage of taxes paid through to the govt and, literally, there's nothing that goes unaccounted for... it's way different from what happens in other countries; unless I'm making a transaction in my local currency, unnecessary taxes aren't included.

We are nowhere near the peak of this bull run so doesnt make sense to me to cash out my altcoins now when they can do another 10x or even 50x return over the next 6-12 months.

It makes alot of sense when you have a deeper understanding about the bull run and It's ATH. I'd like to ask, what sort of altcoin gives you 50× return in 6-12 months?
I'd say, this may certainly not be the best time to buy, but you'll still run on profit.

[Renampun]

First bull run for me and I do not have any Bitcoin yet but do want some after this bull run to hold until 2030 at least.

Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.

I advise you to do it slowly, I mean you can transfer profits from your investment in altcoins to bitcoin in portions of a few percent of course, apart from that you can also buy using the DCA method and do it consistently. what is certain is that if you buy bitcoin in 2026 (when the price of bitcoin rises) then you will miss the train, not that I am giving you lessons as if you were a child, but I want you to understand that only bitcoin can provide definite profits because the majority of altcoins have potential to be zero.

[SOKO-DEKE]

Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

It is really funny the way you are predicting bull runs. My  question is, do you know when bull runs will start and end? I think nobody knows that everyone is just predicting that maybe the bullishness will be next year, but nobody can actually say that this is actually the date it will start. And one truth about altcoins is that they are very hard to predict because almost all altcoins are just pumps and dumps, so predicting when to take profits in altcoins is something hard unless someone is just lucky. Making profits from altcoins is all about luck. 

I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.

How are you sure that you will be buying Bitcoin at a high price? You can't predict the highest price Bitcoin will reach in this bull run; it is very possible that it will pass the price people are predicting. Just to be on the safe side, instead of investing in altcoins and later investing in bitcoin, you just better invest in bitcoin and avoid the altcoins due to their high risk. 

[batang_bitcoin]

You've been asking for several threads not only about your holdings and how you should move on this bull run. I guess with all of those threads and people that have replied on your threads have given them the idea on what you should do next. Not every move that you have to do should be asked IMHO but it's good that you are trying to gather more data on what action you should do and what you think should be the best for you.

[GbitG]

First bull run for me and I do not have any Bitcoin yet but do want some after this bull run to hold until 2030 at least.

Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.

Right, to be honest, Altcoins aren't the best thing to consider for the long term perspective because There is no guarantee that the Altcoins you have held will give you a high margin of profit in a bull run, that is, according to you, it will give you the worth to buy Bitcoin from it. But anyway, the reason I have for this is that if we look at the previous bull run, those Altcoins who were in the top 20 rank, they are not even visible in the top 50, nor have they reached their peak again. 
 
So, if you like my humble opinion, I will suggest you to sell some altcoin and convert it to stable, and start buying Bitcoin under DCA, which will benefit you if the price of Bitcoin goes up or down it won't  matter to you, and while on the other hand you will accumulate bitcoin. And if you are a long-term HODLer, you can accumulate a lot of bitcoins until 2030.
 
DYOR!

[seoincorporation]

First bull run for me and I do not have any Bitcoin yet but do want some after this bull run to hold until 2030 at least.

Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.

Well, if the goal is to hold until 2030 i would recommend diversifying your investment, some in Bitcoin and some in altcoins, from my point of view the altcoins have more potential to grow big than bitcoin, a good example is Litecoin, that coin has a ATH of $400 and right now is under $100, so, it has de potential to pay you a x4 on the next ATH, and the fact that it only has 81 million units makes it have a big potential.

Other coins like Dogecoin are risk moves because that one desn't have halving, so, the total amount of doges just keeps growing, and that's why i wouldn't recommend that one for the long run.

[kotajikikox]

I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.

What do you mean highest prices? If you plan on buying during a decline a price then you can time it to swap your coins either from fiat or from another altcoin when the market is down. Or there’s also another option wherein you can convert first your coins into stablecoins after you’ve gotten profit. That way your money is already stored safely and you can easily convert it to bitcoin when needed.

[stadus]

First bull run for me and I do not have any Bitcoin yet but do want some after this bull run to hold until 2030 at least.

Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.

Well, if the goal is to hold until 2030 i would recommend diversifying your investment, some in Bitcoin and some in altcoins, from my point of view the altcoins have more potential to grow big than bitcoin, a good example is Litecoin, that coin has a ATH of $400 and right now is under $100, so, it has de potential to pay you a x4 on the next ATH, and the fact that it only has 81 million units makes it have a big potential.

Other coins like Dogecoin are risk moves because that one desn't have halving, so, the total amount of doges just keeps growing, and that's why i wouldn't recommend that one for the long run.

Diversifying your investments is a good option. However, make sure to allocate bigger funds on bitcoin since we all know there is higher guarantee to be more productive and profitable with bitcoin, compared to any altcoins.

Hodling as long as it’s done with bitcoin and highly potential altcoins, the result will definitely be exceptional. But of course, that will only be possible with patience and high persistency to stay positive in the market despite of how unpredictable the movement of these coins.

[Ale88]

First bull run for me and I do not have any Bitcoin yet but do want some after this bull run to hold until 2030 at least.

Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.

Everybody has a different strategies, some people care about bitcoin only so they don't want to convert their gains in dollars, euro, or whatever, they just want more and more BTC. Right now we're pretty much at ATH, that's true, but we could have still a long way to go, you're already thinking about 2026 bear market...

[JamesDaniel90]

Some countries will fuck you if you convert an alt directly into btc at this time . The USA will make you report it and determine if you owe tax.

Did they just seriously improvise a way to keep tracks on anyone that does something out of the government's administration/jurisdiction?.. Yeah, I heard them presenters analyzing the percentage of taxes paid through to the govt and, literally, there's nothing that goes unaccounted for... it's way different from what happens in other countries; unless I'm making a transaction in my local currency, unnecessary taxes aren't included.

We are nowhere near the peak of this bull run so doesnt make sense to me to cash out my altcoins now when they can do another 10x or even 50x return over the next 6-12 months.

It makes alot of sense when you have a deeper understanding about the bull run and It's ATH. I'd like to ask, what sort of altcoin gives you 50× return in 6-12 months?
I'd say, this may certainly not be the best time to buy, but you'll still run on profit.

Sandra, there are many altcoins that have done 50x return in less than 12 months.

My one is called Arcblock and I have another couple that are on there way to 50x return also in the next few months.

Bitcoin is great long term , until 2030 at least but I want to make money now in the next 12 months and I am not doing that buy buying Bitcoin.

[JamesDaniel90]

I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.

What do you mean highest prices? If you plan on buying during a decline a price then you can time it to swap your coins either from fiat or from another altcoin when the market is down. Or there’s also another option wherein you can convert first your coins into stablecoins after you’ve gotten profit. That way your money is already stored safely and you can easily convert it to bitcoin when needed.

If I take my altcoin profits in the next 3-6 months, Bitcoin is likely going to be at its all time high so dont understand converting to Bitcoin when it is at its all time high.

I would rather take my altcoin profits into usd and then buy Bitcoin once the bull run is over and we enter the next bear market.

[Kristiyana]

First bull run for me and I do not have any Bitcoin yet but do want some after this bull run to hold until 2030 at least.

Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.

In my own opinion i will advice after selling your altcoin you don't need  to put all your profit into bitcoin investment, rather you also need to use half of your profit to look for other profiting coin to invest. so that you can also be getting profit within a short term while holding your bitcoin, so that you can also use those profit you get within a short term to sort out your bills. this will enable you to keep your bitcoin untouched in your portfolio because if you convert your profit straight into bitcoin if you don't have a stable income probably if you have any financial problem you will need to sell your bitcoin to solve the problem, that is why is good to have other source of income so as to enable us hodl our bitcoin for long.

[avp2306]

First bull run for me and I do not have any Bitcoin yet but do want some after this bull run to hold until 2030 at least.

Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

I see some advise to just convert my profits straight into Bitcoin but in doing that I would be buying Bitcoin at the highest prices so don't understand that.

Well depends on your knowledge since if you don't have knowledge on how to deal properly your plans to hodl then much better if you step your foot out for a while then try to learn from it first. Since going on something without having any great knowledge about it will make you a loser.

So to avoid experiencing a bad faith the same with those people rushing all things because they really think its easy for bitcoin to handle since what they only need is to buy and hold then they are wrong with that since there would be a lot of incidents that can challenge you mentally that's why you need to learn or at least have an idea about it so that you will not get affected on any negative thoughts that other people thinking or trying to spread.