Post
Topic
Board Altcoin Discussion
Re: Why are you selling your altcoins so soon?
by
EXtremeAEX
on 20/05/2019, 16:32:59 UTC
I here and see that a lot of people are selling their altcoins for this reason or for that reason. In some cases I here that people are even spending their altcoins to buy Bitcoin. Now that one really has me confused. To me it’s way to early to be selling your altcoins. It’s like selling an original painting before it even gains in value or while it is still gaining in value. What smart investor does that unless they are selling out of fear or because they are desperate. For me I am holding all of my coins for now because it is way to early to even think about selling your altcoins; what say you?

I think that you can not tie your strategy to only one type of behavior. For example, you hold 400 coins, 1 year until the moment they bring you profit. At this time, I can sell and buy back the same amount of my coins several times, while increasing their initial quantity. Therefore, after 1 year, I will have not 400 coins, like yours, but for example 600. In the end result, I will get a profit higher than you. So if you are an experienced trader, it will be better not just to hold your coins, but all the time trying to increase their number.
As for the sale of  altcoins for Bitcoins, this is also a great idea. Periodically, a situation arises in the market when the price of altcoins increases relative to Bitcoin, and later the price of Bitcoins increases relative to altcoins. During this period, there is a great opportunity to either get more Bitcoins, or by selling and buying get more altcoin coins.