Is now the time to go all in on altcoins?
I am feeling sad again when I last looked at my altcoins in my Blockfolio account. My goodness! Everything's crying with blood all over my portfolio. Well, except Bitcoin. Because it is Bitcoin that is the number one culprit for all these, its $8,000 plus breaking once again. The feeling is actually both happy and sad but sad primarily because my portfolio is largely made up of altcoins. I wonder when altcoins will really boom again.
This is why creating a balanced portfolio is key, if you do not then when the market shifts you can lose a lot of money, a lot of people invested all in altcoins in the last months since that is where the profits were being made but now we saw a reversal of the trend and now bitcoin is where the profits are, this is why sometimes the best thing you can do is to wait until it is your turn, the moment of alts is going to come at some point, the only thing you need is to hold and wait for that day.