I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline.
I do not know how soon they will begin to rise again.
Funny and you will still watch it increase to your surprise. I guess you are a new hodler which is why you are scared. Well, the expectation is still high for the price of bitcoin to increase. At least with the history of bitcoin, it has not done a bull run after the halving because the increase it did to get above $70k was before halving so it has to do a traditional bull run that follows the history of bitcoin halving. So you have to be patient and probably wait for a year more to be worried but for now take a chill pill and DCA for more in your wallet.
I think he holds several other altcoins so he is worried about the price drop because all altcoins were not positively affected after bitcoin reached the current price of $70k, that's why we always recommend holding bitcoin for your portfolio, even if you hold altcoins don't recommend above 30% of your total assets because we review each potential coin differently and some altcoins end up being scams only causing price and trading volume losses, so choose wisely ETH and Bnb altcoins in my opinion are the best choices of coins besides BTC.
Holding potential altcoins is, of course, still quite good and trustworthy, such as Ethereum, BNB, SOL, but it is true, and I agree with you that holding other altcoins certainly cannot be recommended, because many things happen that are beyond predictions.
I think the portion that is done as you say is very reasonable, 30% for altcoins and the rest is all a priority for bitcoin, because the potential for bitcoin is greater and very small losses can occur.
Many people complain that Bitcoin is too expensive, so you can use the DCA scheme, waiting for the renewable ATH to occur in 2025. So there is still quite a long time to be able to prepare.
When it comes to altcoin investment then it wont really be that a bad option on which you could really be that still consider on having that investment but of course the moment you would really be tending to diversify then risks would multiple too and same goes with earning opportunity on which this is something that we will really be able to achieve too, this is where most people would really be trying out to deal up with such thing. This is where we do tend to jump into tons of options as much as we could but of course the more would really be more riskier.
Talking generally about dips and pumps then it would be always be that a part of crypto space or something which is really that normal since we are really that dealing with speculative market
on which price movements is something that you cant really be able to know and everyone that deals up with this market. This is why we do really keep on making those speculations
no matter what and its normal that there would be too high price or low ones. There's no right or wrong on this one.