Topic: Do I need to sell all alts? - page 146. (Read 10327 times)
Even i am thinking the same i am selling some of my altcoins which i really think its a pump or small time rise remaining coins i am keeping for the future which value will increase for sure because of working product.
Just because bitcoin goes up in value doesn't mean all altcoins will go down. As of lately, it does seem like the majority of altcoins do lose some value when bitcoin rises but there are also some that goes up in value with bitcoin. If you're holding good altcoins, you should not worry about what bitcoin does.
It depends on your trading strategy. If you think the altcoins have potential and plan to hold for the long term, there is no point to sell if the price dip. You never know when the altcoins are rising again.
I think it all depends upon how comfortable enough you are in holding altcoins rather than converting it to bitcoin. If you already have doubts on your altcoin and how ell it works for you, it will be better for you to sell it all rather than your mind is sticking on worries about your altcoins and its fate.
The question here is why did you invest in the altcoin you are holding! If you can not answer the why question you should hurry to an exchange and sell your altcoin. Buy bitcoin and keep your bitcoin for 5 years. Otherwise, you should be holding your altcoib
Good day,
Do you think that BTC is going to reach 20k soon?
If yes do I need to sell all alts and wait for rising BTC?
What to do now ? I am confused!!!!
Do you think that BTC is going to reach 20k soon?
If yes do I need to sell all alts and wait for rising BTC?
What to do now ? I am confused!!!!
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