Post
Topic
Board Altcoin Discussion
Re: How many altcoins are you holding?
by
KalaiBTC
on 19/05/2018, 05:51:42 UTC
Holding few coins right now just to be safe because if bitcoin has surged up too fast most of the altcoins in the market will surely bleed,when bitcoin fails these altcoins are normally going to dump to,and the only way to grow these altcoins is when bitcoin's value gone sideways or stabilized which is why i am sticking with the solid coins in the market.
True. That’s the basic principle. Most of the altcoins in the crypto market bleed when bitcoin goes for a bull run due to people converting their holding into bitcoin in order to gain profit in the flow. Bitcoin is still at price less than half of its all time high; therefore we never know when it might spike. It’s better to hold some less volatile, well established and potential coins in current market.