Post
Topic
Board Speculation
Re: Take profits now!
by
U2
on 14/04/2017, 03:22:07 UTC
If it does drop below 1000 and I'll be the first person to buy in lol

This is why altcoins decline more than BTC does when BTC declines.

Any altcoin that remained high would be sold to buy some cheap BTC. Since BTC can absorb more flows than altcoins can, the altcoins decline more on a percentage than Bitcoin. When BTC is rising, the inverse effect occurs.

So selling altcoins that had significant rises might be wise right about now while they are still near their peaks.

Wwwaaayyyy ahead of you. Sold a few days ago. I made really decent profits. I'm happy with that and will be taking lower risks from now on now that I finally came out in top.