Bit of a newb question here, but it has to do with selling my altcoins. So I bought Ethereum when it was $200, and now I want to sell it. Make a nice little profit there.
But wait! Now bitcoin has gone up to $3100. When I bought the ETH, Bitcoin was only at about $2500.
Am I losing anything? Am I gaining anything? Or has nothing changed? This one is a bit of a mind bender for me.
Bitcoin is the mother of all cryptos. So, the future of crypto lies with the bitcoins.
In my very personal opinion, buying bitcoin is better than any other cryptos. But to diversify your investment, you can buy other cryptos using your fiat.
Use alts as your backup plan.