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RE: Bitcoin (BTC) Morning Update: Fractal #3 is Spotted!! Check out the this chart!
How about other coins like LBC, DOGE, VERGE, MANA, RIPPLE holding on to it in this case or better sell it for BTC before the rising? i would sell it, i should sold it 2 days ago, what is safest now? still got btc profit, not much like 2 days ago but still good. Sell for BTC?! Thanks @haejin
take at easy :)
HODL!
maybe i am to stupid, i dont get why ;) when the price of btc is rising, i guess there are some people just buying back into bitcoin what makes alt coins suffer. after btc finished his rising, they will start take profit into altcoins, so they will rise and btc will drop a little.
so wouldnt it be good to be in btc at the rise, when it reaches 20.000 or more, buy back the holding positions of the alts and make a nice amount in alts? where is the risk? i got just like 2 month experience in cryptos so i still needto learn a lot!
earlier this has been the case indeed. what you now see more and more is that at least some of the alts are actually breaking out of this phasic cycle.
I wouldnt recommend to drain all your alts but rather to adjust your portfolio ratio which you might (and should) have defined (10-20% btc and so on). These adjustemts / redistributions should be done monthly
ah ok, thanks, now i understand more what haejin means with altcoins going nonphasic. so i will keep my stock as it is. maybe just reducing positions like Ripple. i got my portfolio splitted in a trade and a long term hodl portfolio, so the longtherm i dont change anything, the short term is just for trading where i try to make btc profit, was at 30% increase until it dropped again yesterday.... i was thinking about selling all for btc and take btc profit, than get back into new positions after rise, scared of losses, guess this are the panic emotions i should keep away, so i will watch a movie, smoke and sleep ;) thanks
I completely agree. Please consider holding some coins that will be around in 5 years. You will do extraordinarily well holding. Then do some trading with additional funds.
Good advice. Thanks. I already put part of my alts back to BTC. Made some stop loss orders on others. I remember what BTC rally did in December. Now I feel better prepared.
Thanks again!
good advice thanks for the advice