<Always Take Profit and Stay True To Your Hodlings ( life story)>

[Josefjix]

Not as plain as you write buddy, so lets talk about gambling with altcoins now, you have to jump ships sometimes and not every time that you hodl with hopes that your coins will recovery and give you profits. Altcoins no be Bitcoin oh wey you go stay true to your bag.

E get altcoins wey you need to sell asap and move to others because the other one done lose all him hype. E go belike person wey still the hold materverse projects or all this nft and lands wey people buy for 2020/21. You need to let go of those bags and get new one for this bull market if na altcoins gambling wey you dey plan for the bull market.

You fit still sell everything to Bitcoin and know that you're in a bag that you can hold for as long as you want and you no go reason say e fit disappear.

Yes but someone for example jumping the ship with a $20 investment from altcoin to BTC doesn't make sense to me , we all know that what altcoins can do with $20, BTC will never give you that.  If it's a long time plan then it's better to hold Bitcoin but this case we're talking about short term profit.

[Su-asa]

The bull run season is a reward for perseverance and patience but if you get greedy you might end up losing everything. Don't dive into the market without having a target and a plan, if you hit your target it's wise for you to sell or take profit cause the dip might be around the corner. A lot of traders have blown their accounts as a result of this, after reaching their target they refused to sell hoping to make more profit and at the end of the day they incur losses. As a crypto trader you should always avoid greed, remember you can't have it all at once.

[Roseline492]

He called me yesterday and said he got greedy with the recent BTC spikes and swapped all of his Litecoin holdings to BTC at $91k, and now he's at a loss because he needs to sell BTC first before buying Litecoin at the current price.

Keep true to your holdings, stop jumping ship that could sink you, BTC is not for the weak, if you bag isn't big, you need altcoins to make good profits. If you're still holding any of the top 20 altcoins, do not sell or swap to BTC.

From your explanation of jumping ship it seems you are even trying to make your friend to start doing that because I don't even see the need why he would still swapped his Bitcoin back to Litecoin again, don't you think the ship will sink him?, however Bitcoin na both for people way get and the ones way no too get too, so actually there are some altcoin you will be holding and at the end you will realize that selling it to Bitcoin would have been much better, so if I'm to choose I will make sure to have a lot of Bitcoin before altcoins, but if the plans is for a short profit then altcoin can do that, but as for your friend he made a right choice for the swap he did, so keep holding altcoins let him hold his Bitcoin.

[MainIbem]

He called me yesterday and said he got greedy with the recent BTC spikes and swapped all of his Litecoin holdings to BTC at $91k, and now he's at a loss because he needs to sell BTC first before buying Litecoin at the current price.

Keep true to your holdings, stop jumping ship that could sink you, BTC is not for the weak, if you bag isn't big, you need altcoins to make good profits. If you're still holding any of the top 20 altcoins, do not sell or swap to BTC.

From your explanation of jumping ship it seems you are even trying to make your friend to start doing that because I don't even see the need why he would still swapped his Bitcoin back to Litecoin again, don't you think the ship will sink him?, however Bitcoin na both for people way get and the ones way no too get too, so actually there are some altcoin you will be holding and at the end you will realize that selling it to Bitcoin would have been much better, so if I'm to choose I will make sure to have a lot of Bitcoin before altcoins, but if the plans is for a short profit then altcoin can do that, but as for your friend he made a right choice for the swap he did, so keep holding altcoins let him hold his Bitcoin.

I read through his post and i wonder who told him that Bitcoin is a Short-term purpose crypto investment, cause he made mention that even if his friend hold for 3 years he won't get the profits he'll make from  investing on Litecoin, it's not about buying a little portion on Bitcoin and hold, you buy hodl and keep adding to it periodically to be on the more profit side after a full circle. I think his friend is not a true Bitcoin investor infact he's what they call weak hands cause a true Bitcoin holder won't think of selling Bitcoin to invest on a coin with short-term goals, Bitcoin ranks first when it comes to Cryptocurrency investment and would continue maintaining that record due to it's long-term features and other features that help investors accumulate better and recover loses compared to other coins. He should know that you don't sell Bitcoin to invest on other coins but rather Swap other short-term coins to Bitcoin when you've made profits from them and hodl, not only holding but adding to it periodically as I stated earlier.

[Josefjix]

From your explanation of jumping ship it seems you are even trying to make your friend to start doing that because I don't even see the need why he would still swapped his Bitcoin back to Litecoin again, don't you think the ship will sink him?, however Bitcoin na both for people way get and the ones way no too get too, so actually there are some altcoin you will be holding and at the end you will realize that selling it to Bitcoin would have been much better, so if I'm to choose I will make sure to have a lot of Bitcoin before altcoins, but if the plans is for a short profit then altcoin can do that, but as for your friend he made a right choice for the swap he did, so keep holding altcoins let him hold his Bitcoin.

Did you even read the OP very well? Where did I mention that it's good to jumping ship? I only stated that I was mad when he jumped to another investment, something that wasn't necessary . Buying Litecoin at the bottom and switch to Bitcoin at the top is foolish. If he needed Bitcoin the best he could have done is wait for the next price crash to swap.

You guys only know how to give online advice yet no practical approach.

I read through his post and i wonder who told him that Bitcoin is a Short-term purpose crypto investment, cause he made mention that even if his friend hold for 3 years he won't get the profits he'll make from  investing on Litecoin, it's not about buying a little portion on Bitcoin and hold, you buy hodl and keep adding to it periodically to be on the more profit side after a full circle.

Easy to say.

[Promocodeudo]

Swapping to Bitcoin is not a bad decision, but from the angle you and your friend are talking from, you guys are in for quick profit and want to cash out every little profit you see. But let's look at it from a different angle, Bitcoin is the most trusted coin out there today and someone buying Bitcoin it at $91k, might be getting it cheaply. Because from speculations and sentiment around Bitcoin, the price of bitcoin will be far higher than the price he bought it. Holding bitcoin should be targeted towards long term and not just for the immediate profit-taking. And the size of his holding will determine his profitability, so if he wants a higher profits, he should buy more stash.

When investing in cryptocurrency you can never go wrong by buying Bitcoin, it is better to sale your altcoins to buy Bitcoin instead of the other way round, if Bitcoin dips, there is assurance that there will be price correction but the same thing can not be said about altcoins. I agree that OP and his friend are after quick profits, they can get it in altcoins but they need to understand that they will be gambling their funds, although top like Litecoin is good to hold but you can not compare it to Bitcoin. Bitcoin investment is not for quick profits, you have to hold till bull run circle before you can get good profit and that can take up to four years. I will advise anybody that wants to invest in crypto to first put their money in Bitcoin because it is the most trusted.

There no comparison with Bitcoin and any coin out there, people considering altcoin as an investment against Bitcoin doesn't understand why Bitcoin stands for and I believe if they make such move, they will be regretting it in the future,may be my then they will regret it, Buddy as you said it will be nice for some one that has an investment in shitcoin or altcoin to get rid of them to buy Bitcoin because we are talking about futuristic investment that's capable of turning things around for it's long-term holders, Bitcoin going dip is even a good thing if an investor understands the concept of Bitcoin investment, as someone who is at his or her early stage of acumuoation, it will be a nice thing but aggressively once bitcoin get dip but that doesn't meant you should wait till Bitcoin gets dip before you get down to business.
Hodling till bullrun cycle doesn't mean you should sell then because at this time you might have not reach your satisfaction level, so the best thing to do is to keep buying with what you can afford avoid altcoin and keep buying Bitcoin a time will come you will be smiling because of the decision you have decided to make, so let's be optimistic at all time and keep holding for a long-term.

[Coyster]

Yes but someone for example jumping the ship with a $20 investment from altcoin to BTC doesn't make sense to me , we all know that what altcoins can do with $20, BTC will never give you that.  If it's a long time plan then it's better to hold Bitcoin but this case we're talking about short term profit.

I understand wetin you dey try talk here, some altcoins fit pump like mad, so if it is a very small amount like $20, you fit leave am for there. No forget say e dey very hard to know the altcoin wey go pump, altcoins plenty na, so where you wan begin analyse from.

That being said, if you invest well for altcoins and you don manage get very good ROI from am, e make sense to move am to bitcoin, e get why dem dey call altcoins short term coins/pump and dump coins, if your funds dey for bitcoin, you go dey confident say your money no fit "disappear", unlike when you hodl am for some kind altcoins.

[Josefjix]

I understand wetin you dey try talk here, some altcoins fit pump like mad, so if it is a very small amount like $20, you fit leave am for there. No forget say e dey very hard to know the altcoin wey go pump, altcoins plenty na, so where you wan begin analyse from.

That being said, if you invest well for altcoins and you don manage get very good ROI from am, e make sense to move am to bitcoin, e get why dem dey call altcoins short term coins/pump and dump coins, if your funds dey for bitcoin, you go dey confident say your money no fit "disappear", unlike when you hodl am for some kind altcoins.

Exactly want I was telling them in this topic, but most users misquoted me; I never stated that my friend intended to hold the altcoin for a long time; it was a short-term investment. Starting a cryptocurrency journey might be difficult, especially for those without a steady income. It is why I constantly urge such folks to test their little bag on meme coins; it is a risky investment with a high ROI, but it is worthwhile.

Most crypto millionaires today made it through meme coins on Solana blockchain and push their way up to Bitcoin. My first ever big profit from crypto was from a meme coins before I pushed my way to hodling some fractions of Bitcoin. Meme coins na gamble be Edey pay.