This is getting frustrating. I thought that we are now going to the moon because BTC surpassed $7000 resistance level and we saw that most altcoins follow. I bought ETH for $513 then now it is getting dump where the current price is $470. in just 12 hours, i lost $43. What is your reaction and strategy when altcoin gets pump?
I think patience is key. The signs are still that it will be a BTC pump followed by an alt pump. The options really are move your alts to BTC while BTC is rising, and then back to alts when BTC stops and alts start to rise. Or if you don't want to risk that, then just hold and wait. Personally I have both alts and BTC, and I don't trade much, so I'm just holding. There are better strategies, but these come with some risk.