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BTC to ETH? or no?

Discussion in 'CryptoCurrency' started by Kevin Proctor, Jan 4, 2019.

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  1. Kevin Proctor

    Kevin Proctor Newbie

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    I only have 0.2 in btc I bought when the price was in 14k dollars
    since then I've been waiting for the time to sell and redeem at least half of the invested!
    my question is
    compensates it trades it for eth at this moment with the esperan that rises from 150 $ to 250 $ in short time?

    obs>sorry about my English
     
  2. bfcrew

    bfcrew Newbie

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    Just HODL your BTC at the moment, the price is still low, wait until BTC is up to $20k and your 0.2 btc will turns into $4,000
    Exchanging to ETH or any other cryptos would even matter, because all other cryptos price are following bitcoin price
     
  3. SMSCodes

    SMSCodes Jr. VIP Jr. VIP

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  4. blackhatadam

    blackhatadam Newbie

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    Hold for sure and sell when you're comfortable, just don't wait until a miracle happens, because it most likely won't.
     
  5. Social God

    Social God Jr. VIP Jr. VIP

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    I’m going with ETH at the moment because I think it’ll have better ROI. It’s only an opinion so we’ll see what happens.
     
  6. blackhatadam

    blackhatadam Newbie

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    When do you think you'll sell?
     
  7. Xsesonit

    Xsesonit Jr. VIP Jr. VIP

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    Imagine the ppl who bought at 6k?
    Now they are holding -- waiting for a retrace to sell their bags in break even.
    So I believe that it will take at least 9 months to sell in your bag in 14k or 9
    Just be patient and wait in the line :eek:
     
  8. Kevin Proctor

    Kevin Proctor Newbie

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    I was thinking of taking advantage of the fork of eth, changing my btc for eth that moment which is equivalent to 3,5 eth and sell for 250 $ in your fork, then back to btc and hold
     
  9. yakusacyberlink

    yakusacyberlink Newbie

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    hold btc, maybe btc or raise up again...:)
     
  10. Extruser

    Extruser Junior Member

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    Why go all in?
    At the moment:
    0.2 BTC = $ 800
    1 ETH = $ 160

    Buy 2.5 ETH.

    If ETH price rises a lot more than BTC, sell your ETH back for BTC.
    You have now more BTC.
    Might not seem like a lot, but when the BTC price reaches old levels,
    0.24 BTC will be a lot more than 0.2 BTC.
     
  11. dankepika

    dankepika Registered Member

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    I think you can convert 0.1 BTC to ETH using any cryptocurrency exchange so you can have best of both worlds.

    However, I can't say if it's a very good strategy. I did the same in 2018, and I regret it.
     
  12. krishnaverma

    krishnaverma Jr. VIP Jr. VIP

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    Since you already bought at high price, it is better to wait and let the prices recover. Also, most of the alt coins will just follow the trend of bitcoin so it will not make much of difference.
     
  13. Kevin Proctor

    Kevin Proctor Newbie

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    I'm still in doubt! if I change my btc by 4 eth, if eth rises to at least 600 during the course of the year and btc 11k, I will have more profits with eth from with btc
    maybe with your hard fork come on
     
  14. CryptoKujira

    CryptoKujira Junior Member

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    I recall sitting on my computer the day Bitcoin rocketed up to 20,000 briefly. The price was jumping up and down at more than $500 a minute and my phone was blowing up from my crypto friends as we were all glued to our monitors cheering it on. Serious euphoria moment.

    Most nuts thing I've ever seen in markets. I had already cashed out my positions so I had no skin the game at that point. But watching those buy orders come in for BTC at $18k or more. It was shocking to see the amount of risk people were taking at that point. Fun to watch though.

    As for your question, BTC and ETH still heavily control the price movements of the entire mraket. Perfect example is when ETH went on a bullrun, and at same time, all other altcoins paired against it tanked hard, as all that money moved over to ETH.
     
  15. NoobIM

    NoobIM Jr. VIP Jr. VIP

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    Hold hold and hold I also bought btc at 18k$ :(
     
  16. CryptoKujira

    CryptoKujira Junior Member

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    And no stop loss in place? :confused: You would fall into the far upper right of a risk analysis chart. That's living on the edge.

    Curious. Did you buy in at 18k on the way up, or after it had peaked and was rapidly dropping?
     
    Last edited: Feb 3, 2019
  17. Bestcreaters

    Bestcreaters Power Member

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    dont rush hold it you will be loosing way too much money by doing anything else
     
  18. CryptoKujira

    CryptoKujira Junior Member

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    So true. Unless you're really good at day trading and absolutely nailing those retracements, having that money in almost type of other investment is going to provide a better return with less risk.
     
    Last edited: Feb 3, 2019
  19. CryptoKujira

    CryptoKujira Junior Member

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    Getting back to op question, if you're not fully understanding how the market works you probably shouldn't be playing the game. I'm just saying. Asking us whether you should move your money is not a good idea. We don't know what your risk profile is. How much money you have in the bank. How badly you need the money. All we know is your long term goal is getting half of it back.

    Also, ETH went up because of upcoming Constantinople upgrade. Anticipation for a more efficient ETH blockchain. But upgrade has been pushed back again, so all those buyers sold off again and so back down it goes.
     
  20. Saketik

    Saketik Newbie

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    Yes, several months will pass before BTC can start climbing to the hill again, and you need to be extremely patient all this time.