Converting altcoin profits into Bitcoin?

[JamesDaniel90]

Helena - I asked what the best way would be to make the most of my altcoin profits this bull run to get the most bitcoin for 2030 and beyond.

As usual though it always ends up in Bitcoin vs altcoins because there are so many on this forum who only see Bitcoin.

Bitcoin is great for long term potential yes but for the rest of this bull run over the next 6-12 months Altcoins will see way more returns.

[Kelward]

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?

So you can wait from now till 2026 before investing on bitcoin, maybe before then all your assets on other altcoins could have vanished away on losses and you may not be left with any profit again to use in making bitcoin investment, why not do that now, take the profits and invest in bitcoin, we are still on the post halving market pump, which means if you can buy now, you have higher chances of making profits till we reach to a new all time high of above $100,000 and by the year 2026, you could have achieved what you're meant to started with already.

In the crypto market Bitcoin, is the most reputable and trusted cryptocurrency, meaning that it's a store of value, even when it's price dips, we're sure that it will always pump again and reach new ATH, but these can not be said about altcoins, their prices can dip and never recover again, and your investment funds will vanish. Seeing that we're still in the early stage of bull run, with strong speculations that Bitcoin price will reach $150k or even surpass it in the peak of bull season, I think that now is still a good time to buy and hodl Bitcoin. I'd rather reinvest some of my ROI of Bitcoin, into altcoins, to cash in some profits in the alt season, then continue Bitcoin DCA method into the bear run.

[michellee]

That is good if your portfolio increase so high so you can sell it and gets the profit. With that profit, you can convert it into Bitcoin and hold it for a while until Bitcoin price increase. Altcoin can gives big profit if we can hold the right altcoin.

The problem is we don't knows what altcoin that can increase later. We can only analyze and hopes that our altcoin can increase and gives big profit. You have a good plan to wait for your altcoin increase and then convert to Bitcoin.

But you can start to buy Bitcoin right now before the bull run for Bitcoin comes so you can make a profit from Bitcoin. We don't knows when altcoin and Bitcoin will increase so we must have a back up plan to adapt with the current situation. Well, good luck @OP.

[kryptqnick]

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 believe Bitcoin is more reliable than altcoins, but you never know for sure, and it's true that BTC price is pretty high right now. I don't know what's the best choice in this case, and I'm not giving financial advice, so I'll just write what I think I would do. I would sell for USDT or USD to keep the profit from altcoins and wait for the price of Bitcoin to fall by at least 20% before starting to DCA and gradually obtain more and more BTC.

[JamesDaniel90]

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 believe Bitcoin is more reliable than altcoins, but you never know for sure, and it's true that BTC price is pretty high right now. I don't know what's the best choice in this case, and I'm not giving financial advice, so I'll just write what I think I would do. I would sell for USDT or USD to keep the profit from altcoins and wait for the price of Bitcoin to fall by at least 20% before starting to DCA and gradually obtain more and more BTC.

Yes , this is what I think I will do.

Sell my altcoins for USDT over the next 6 -12 months when they should be a lot higher in value compared to now.

Then wait for the price of Bitcoin to cool down after this bull run to start buying with the altcoin profits.

[ultrloa]

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 believe Bitcoin is more reliable than altcoins, but you never know for sure, and it's true that BTC price is pretty high right now. I don't know what's the best choice in this case, and I'm not giving financial advice, so I'll just write what I think I would do. I would sell for USDT or USD to keep the profit from altcoins and wait for the price of Bitcoin to fall by at least 20% before starting to DCA and gradually obtain more and more BTC.

Yes , this is what I think I will do.

Sell my altcoins for USDT over the next 6 -12 months when they should be a lot higher in value compared to now.

Then wait for the price of Bitcoin to cool down after this bull run to start buying with the altcoin profits.

Do more research so you can get a lot of information which can help you to get a better decision regarding on what you want to do on your balances. But if you are not really sure on what to do then converting it to USDT would be more safer option to choose and study well how the market react on each scenario happen on the market so you will get an idea which can help you to decide on what to do on your funds.

And once you are ready then its up to you if you go for altcoins again then try to earn with them or decide to accumulate bitcoins because then speculate about getting some earnings when a bull run happen. Try to experiment on those methods you learn so you can get a experience which can be helpful for you in long run. We don't know if bitcoin price would have a correction anytime soon so maybe it will take long time before your accumulation with bitcoin or alts will happen.

[legendbtc]

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.

If from the beginning you do not intend to hold bitcoin and only invest in altcoins, what is the guarantee that you will definitely profit from those investments and switch to bitcoin later? You haven't even made any profit on altcoins yet, so don't make plans to convert us to bitcoin yet, it's too early to talk about that.
Also, you intend to invest in altcoins because you want to get rich quickly from it, what will ensure that you will move all to bitcoin while you are making huge profits from altcoins and you also know that bitcoin can't do that?

It sounds easy to say but I really doubt you will do what you say. If owning bitcoin is your top goal, then you should have it first in your portfolio.
Investing all your assets in altcoins is a very risky decision and I hope you know what you are doing.

What do you mean I haven’t made any profits yet on my altcoins I am currently +117% overall and I only hold altcoins.

When did you start your journey of investing in altcoins and only received 117% returns? And you consider that a success? Bitcoin has gone from $15k to $73k in just over a year and even if you are new to the market since the beginning of the year and you invest in bitcoin. At least you will get double profits or more but there will be a huge difference that when investing in bitcoin, you will be completely safe and get good night's sleep without worries. Because bitcoin will not suddenly disappear or be dumped and will never recover like altcoins.

You are facing greater risks, but you are not able to receive commensurate rewards, do you feel you have made the right choice? Meanwhile, if you choose bitcoin, you will be safer and the reward you receive will be more worthy.

I also invest in altcoins and even memes but I invest no more than 5% of my capital, the profit I get from it is 5x-7x and I'm still not satisfied because of the risks I take. I want to emphasize again, investing fully in altcoins is very risky and it would not be a wise idea if your profits are too small compared to the risk you have to trade-off.

[Solokan]

in my opinion you have a good plan because you want the profits you get from Altcoins to buy bitcoin and that is of course in my opinion the right choice because bitcoin is of course the safest crypto and so far the price has not disappointed its holders, especially those who invest long term and Be patient.

Of course the choice is yours and of course after you get profits from Altcoins of course you can buy Bitcoin but in my opinion don't be in a hurry so buy BTC when the market is bearish and of course use the DCA system because in my opinion that is the only wise way to buy BTC because usually during a bearish market, sometimes declines are difficult to predict and if you use the dca system, of course you will have the potential to experience extraordinary benefits.

But of course you have to be patient in holding BTC and of course you also have to be prepared for risks, but of course Altcoins are riskier than Bitcoin, but I personally hope that you will get a profit from your Altcoin and also someday if you buy BTC later, I hope you will get a big profit. . But of course you have to be patient because of course investing in BTC must be full of patience.

[JamesDaniel90]

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.

If from the beginning you do not intend to hold bitcoin and only invest in altcoins, what is the guarantee that you will definitely profit from those investments and switch to bitcoin later? You haven't even made any profit on altcoins yet, so don't make plans to convert us to bitcoin yet, it's too early to talk about that.
Also, you intend to invest in altcoins because you want to get rich quickly from it, what will ensure that you will move all to bitcoin while you are making huge profits from altcoins and you also know that bitcoin can't do that?

It sounds easy to say but I really doubt you will do what you say. If owning bitcoin is your top goal, then you should have it first in your portfolio.
Investing all your assets in altcoins is a very risky decision and I hope you know what you are doing.

What do you mean I haven’t made any profits yet on my altcoins I am currently +117% overall and I only hold altcoins.

When did you start your journey of investing in altcoins and only received 117% returns? And you consider that a success? Bitcoin has gone from $15k to $73k in just over a year and even if you are new to the market since the beginning of the year and you invest in bitcoin. At least you will get double profits or more but there will be a huge difference that when investing in bitcoin, you will be completely safe and get good night's sleep without worries. Because bitcoin will not suddenly disappear or be dumped and will never recover like altcoins.

You are facing greater risks, but you are not able to receive commensurate rewards, do you feel you have made the right choice? Meanwhile, if you choose bitcoin, you will be safer and the reward you receive will be more worthy.

I also invest in altcoins and even memes but I invest no more than 5% of my capital, the profit I get from it is 5x-7x and I'm still not satisfied because of the risks I take. I want to emphasize again, investing fully in altcoins is very risky and it would not be a wise idea if your profits are too small compared to the risk you have to trade-off.

I started my crypto journey 2 weeks after the 2021 all time high - unfortunately for me this was not a good time but I was new and did not have any understanding of the 4 year cycle. The $15k you mention above was the bear market bottom in November 2022 so by that point I had been investing for 1 year.

I do believe had I only invested in Bitcoin since November 2021 then I would be in a better position now however I believe the way I have done it with altcoins I will be better off after the bull run as the majority of the altocoins I am holding I am expecting at least another 5-10x from current price , some even 20x .

Bitcoin will likely only move another 2x , 3x maximum between now and the end of this bull run.

[JamesDaniel90]

I have just checked on the Bitcoin DCA calculator had I only invested in Bitcoin from November 2021 till today my portfolio would be +124% so not much difference really.

[Asyifiah]

Every decision is in your hands, I do not recommend buying bitcoin in large quantities when bitcoin is at a high price, there is no certainty that the bull market will make you a big profit from buying bitcoin. My suggestion is to exchange the altcoin you have for Bitcoin then save it until bullishness occurs again this year. If this is a good start to your decision, do it in principle in your own way.

[Mame89]

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 believe Bitcoin is more reliable than altcoins, but you never know for sure, and it's true that BTC price is pretty high right now. I don't know what's the best choice in this case, and I'm not giving financial advice, so I'll just write what I think I would do. I would sell for USDT or USD to keep the profit from altcoins and wait for the price of Bitcoin to fall by at least 20% before starting to DCA and gradually obtain more and more BTC.

Yes , this is what I think I will do.

Sell my altcoins for USDT over the next 6 -12 months when they should be a lot higher in value compared to now.

Then wait for the price of Bitcoin to cool down after this bull run to start buying with the altcoin profits.

Yes. That's how it should be, right? Take advantage of the benefits of altcoins and buy bitcoin with dca. This is indeed a good strategy, especially if you are an expert and good at researching altcoins that have the potential to generate profits.

Because it must be admitted that there are many altcoins that have good potential that can rise faster than Bitcoin, so if we can take advantage of this, why not?
We do this because we basically invest to make a profit, but the main priority is still Bitcoin. because bitcoin is a safe asset and it could be said that one day it will become a rare asset, especially if you say you want to invest in bitcoin in the long term. So leveraging the profits from altcoins to invest in bitcoin using DCA is a good strategy.

[Cryptomultiplier]

Every decision is in your hands, I do not recommend buying bitcoin in large quantities when bitcoin is at a high price, there is no certainty that the bull market will make you a big profit from buying bitcoin. My suggestion is to exchange the altcoin you have for Bitcoin then save it until bullishness occurs again this year. If this is a good start to your decision, do it in principle in your own way.

Every decision is in your hands indeed and this one too has to be carefully planned out for it to be a profitable investment, otherwise it might just be another case of trial and error that led to more loss of coins and investment.

In accumulating the profits from altcoins and DCAing for the duration till 2030 as stated, it may not matter the price of BTC if it is bought in fractions and kept, whether we enter the bullish or bearish season, until one decides to sell or diversify further to accommodate other investment.

[AnonBitCoiner]

Every decision is in your hands, I do not recommend buying bitcoin in large quantities when bitcoin is at a high price, there is no certainty that the bull market will make you a big profit from buying bitcoin. My suggestion is to exchange the altcoin you have for Bitcoin then save it until bullishness occurs again this year. If this is a good start to your decision, do it in principle in your own way.

Everyone can think accurately for himself according to his benefit so we can only give suggestions to them that if someone is not capable financially to buy Bitcoin then altcoins are also a good source of earning like ethereum and Solana which are elevated in its worth as the year passes.

One can easily achieve benefit from altcoins if his hold altcoin are money making so this profit is utilized in bitcoin investment then the probability will boost up that in coming years your gain will be enhanced.

[Rockstarguy]

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.

whenever i hear people talking about cryptocurrency investment and not having any Bitcoin I don't know why I feel as if they are risking their money. But it seems op is so comfortable and prefer the investment that he has.  I believe with time op will get to know that when it comes to cryptocurrency investing in Bitcoin is a necessity which you don't have to consort anyone to convert your altcoins or the profit of your altcoins to 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?

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.

When one is going into investment it is good for one to know every decision taken must not be from people's opinion, because when you are confused on what to do in your investment it means you don't really know what you are doing. It will be better if you can do research and compare all these coins in every aspect , then you would know what to do and make a good decision without depending on people's opinion.

[Dr.Bitcoin_Strange]

Even if you want to buy Bitcoin now, don't just convert all your altcoins into Bitcoin; you can do it little by little while watching the price of Bitcoin. Although we cannot really be very accurate of what the future can be for Bitcoin, personally for me, I still do believe that during the bear market of Bitcoin, which might start towards the end of next year or in 2026, the price of Bitcoin will drop below $50k, but you don't have to wait until then before buying Bitcoin. If there's any opportunity to buy at such a price even before 2026, then you have to buy it. Use the DCA staratey. 

[Viscore]

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 believe Bitcoin is more reliable than altcoins, but you never know for sure, and it's true that BTC price is pretty high right now. I don't know what's the best choice in this case, and I'm not giving financial advice, so I'll just write what I think I would do. I would sell for USDT or USD to keep the profit from altcoins and wait for the price of Bitcoin to fall by at least 20% before starting to DCA and gradually obtain more and more BTC.

Bitcoin has proven its bigger worth and value over altcoins and there’s no doubt with that. However, knowing bitcoin’s future is still uncertain, it’s still not advisable to buy all in knowing if the price suddenly crash, we will definitely end up losing all our funds.

The best approach here is to sell your altcoins for USD and just spend them whenever bitcoin is at its bearish season. But always invest with a small amount first, an amount that you are comfortable of losing, and when opportunities keep coming in, follow DCA until we’ll reach a significant amount of bitcoin in our portfolio.

[Furious 7]

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.

When one is going into investment it is good for one to know every decision taken must not be from people's opinion, because when you are confused on what to do in your investment it means you don't really know what you are doing. It will be better if you can do research and compare all these coins in every aspect , then you would know what to do and make a good decision without depending on people's opinion.

This is a pretty good point buddy.
Don't listen too much to what other people say because in the end it could lead to or even make yourself feel deceived by what other people say so listening to other people's opinions is good but doing the whole of what other people say is a little less appropriate.

We have our own judgment and of course when we are involved in investment then more or less learning we can definitely get and look for so why hang our fate on the words of others because in the end this will only make you less confident in what you are doing.

It's just that for now such a thing has become a common thing because it is not uncommon for many people, especially for those beginners who are only fixated on the words of others and even influencers who sometimes it is clear that the goal is to benefit themselves but sometimes beginners are too naive by entrusting their fate 100 percent to the words spoken.

[CODE200]

Even if you want to buy Bitcoin now, don't just convert all your altcoins into Bitcoin; you can do it little by little while watching the price of Bitcoin. Although we cannot really be very accurate of what the future can be for Bitcoin, personally for me, I still do believe that during the bear market of Bitcoin, which might start towards the end of next year or in 2026, the price of Bitcoin will drop below $50k, but you don't have to wait until then before buying Bitcoin. If there's any opportunity to buy at such a price even before 2026, then you have to buy it. Use the DCA staratey.

Why convert the altcoins little by little when there's a possibility that it might reach a peak? I'd say that if OP wants to maximize whatever he's got in altcoins, the best thing is to hodl on to it until there's a price pump in that specific altcoin, it's not a good advice but if you've got the right altcoins, you might have a chance at big price pump which you can then use to invest in bitcoin, that's the thing that I see in this one. If you know for yourself that whatever altcoins you're hodling is really unstable, maybe it's a possibility that someone should do a quick selling the moment that the price goes up because you never know right?

[famososMuertos]

Whenever I see these analyses, OP; How much money we are talking about, depending on that, we could have important percentages to take into account, but if there are 3 figures involved, any time is good to swap for Alt, when bitcoin has the price on the moon profit difference, any 10-20 % in 3 figure amounts won't make you cry, so don't plan so much, you do the Swap, it's easy.