@BitcoinBaby
more from that month
Bitcoin is up 12K in a week which is 25% from the 43K it was on just a week ago....which is incredible. But the downside is, and it might be my portfolio, that my ALTs are hardly moving, did not move at all or even are worth less than a week ago? What the fluf is happening? Well I have been asking that question and there are a couple of things happening when BTC surges this rapidly: 1. All the eyes and therefore the funds are on Bitcoin, which means very few funds are used for other coins. Unfortunately, when BTC drops it impacts most ALTS directly, but in a surge, we need to wait till BTC Stabelizes for the ALTs to catch up. 2. It seems that many people are swapping their ALTs for BTC to join the rally (too late should have done that sooner) so next to few funds flowing into ALTs many funds are flowing out of the ALT coin market. As always you have choices, do you follow the money and swap your ALTs for BTC, or do you remain calm and hold on while you wait for BTC to stabilize and a new Altseason to begin? #Cryptocurrency
3 comments
Totally agreed. Bad time to move from alts to btc
I don't look at the value of my accounts all too often. I just close my eyes, hold my breath, HODL. I had to sell some BCH a few days ago, (my wife wanted to buy something silly), and that broke my heart. I do NOT like to sell my crypto.
I dont like selling my BTC as well that is what I accumulate with the profits I make trading. My BCH I will not try to touch for 3 more months as I expect a good Q4. All other ALTs I do not hold long term they get sold when they make me a nice profit