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Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
kurious
on 09/07/2019, 18:31:53 UTC
⭐ Merited by Bitcoinaire (1)
Bitcoin crosses 64% dominance on cmc

The relentless Agony of the Alts...

What hurts me more is the BTC count going down in Blockfolio app, even with a basket of coins being 96% BTC.
But then i see the usd total value, and i smile again..

I kept a bit more than 4% alts, since I managed (way back) to trade the majority of them into profit, meaning the ones I've kept are at zero cost. 

Last bull run, I didn't sell my BTC, I sold alts for BTC and cashed out some $ that way.  So, it didn't particularly worry me to keep them and wait for the next 'alt season' this time around.

Yes, they have increased in $ terms, but I still feel I lost out by not flipping 'em over to BTC when I should have, of course. 

Rationally, they have still made more money than I could have made on anything else outside of crypto. So I know I really cannot complain.  But irrationally - knowing how much more it 'could have been' makes it a strangely annoying place to be in.

I guess it's proof of loss aversion theory; we all fear losing money more than we enjoy making it.