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Got 1 Bitcoin for Christmas? Hold Sell Trade for Altcoins

Got 1 Bitcoin for Christmas Hold Sell Trade for Altcoins

Community Trust ScoreVerified

86%
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Verified21 votes
Updated 4 years ago

Lark Davis Shared: If you got 1 Bitcoin for Christmas would you hold onto it, sell it, or trade it for altcoins?

Community Shared: When you ask questions like this, do you at least give a like to the people commenting? Do you honestly read what 700 people (ATM of writing) theoretical would do with 1 BTC, or do you just tweet loads of things you don’t really care about to grow your profile? Just wondering.

Trade for altcoins! Maybe like $2k on 25 or so different coins. Or maybe $10k on XRP and the other roughly $40k on 20 diff coins at $2k a piece. Then HODL for a few years, more or less.

Write down what you would do, look in like 5, 10 years and see how REKT you would have been.

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Trade it for altcoins like for probably AVAX, LUNA, ADA and MATIC.

I would not choose these coins, although they will have great potential in the long term. But it’s too long, isn’t it?

I’d use it for leverage to make more Bitcoin. Who the hell says more Bitcoin can’t be made? I make more every day in my account.

If you got a piece of land on Manhattan a hundred years ago, would you hold onto it, sell it, or trade it for multiple pieces of land in third-world countries?

You sure gave massive “Hopium” I’d have more than 1 Bitcoin by Christmas from all those alts (in fact you said “Millions will be made”…”make it in alts and save it in bitcoin” I heard daily from you. “It’s not if, but when” now you are going back to “If”.

I hear all, but no one knows what will happen – all speculation.  BTC is going down to 46-47K and then finally to the moon. HODL. But I would probably keep just that 1 BTC and all other investments are into alts.  Trade it for alt coin. Bitcoin price to high.  It just gained a little profit. And, I will choose Matic.

I believe in Eth, ADA, DOT, and gaming way more than BTC, But I would still hold 1 BTC because that’s a goal to have at least 1.

The first rule of Bitcoin is, you don’t sell your Bitcoin.  I have sold all my bitcoin and have no regrets. There’s way more money to be made elsewhere. And in my opinion just as safe as BTC.

Already traded it. When it comes down to it I need cash, and alts provide bigger gains then just holding or even lending bitcoin. If I was 30 years younger I would HODL.

I’m in my 50’s and I just HODL. I don’t plan to ever sell my Bitcoin.  I’m still bullish on Bitcoin, I have swapped some of mine for SOL, SHIB, GALA, SANDBOX AND MANA. Just to diversify a little – however I’m hanging on to a few Bitcoins, as and when the price starts hitting 6 figures fewer and fewer people are going to be able to own a complete one.

I wish I had a secret Santa that would gift me one bitcoin. I would HODL on it and skim a little of the top every time it goes up to invest it on other tokens.

This is a tricky situation even if someone wants to hold it. Its end of the year. So it is a tax write-off for anyone who is giving away but the person receiving will have to pay tax as it is income for him/her. Maybe part liquidation to pay taxes and hold the rest is ideal case.

Anybody that has one BTC would be extremely smart to store it away for minimum 8-10 years. Those people who were buying it up pre 2018/2019, are already swimming in money.

 

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James Thorp

James Thorp is a passionate crypto journalist from South Africa specializing in Litecoin, Dash, and emerging digital assets. With years of experience covering the crypto markets, James delivers in-depth analysis and breaking news on altcoins, blockchain adoption, and decentralized payment networks for The Currency Analytics.

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