Post
Topic
Board Speculation (Altcoins)
Re: It’s taking a lot of discipline not to sell my alts for Bitcoin.
by
styca
on 27/07/2019, 17:05:53 UTC
I’m 80% bitcoin, 20% alts. Most of those 20% alts were bought with bitcoin when I “thought” the Satoshi level was low. Little did I know it would go A LOT lower. That 20% is Litecoin, Ethereum, Cardano and Ripple.

Since I’ve seen their Satoshi prices cut in half...every day I think I should cut my losses.

But then I look at the charts and, especially Cardano, I’m not sure how much lower it can go. Then again...who knows. It could go much further down from here.

I would stick with it and just hold. If you have 20% in alts, and they have dropped by 50% vs BTC, then that's only 20% x 50% = 10% altogether, which is fine I think. Certainly small compared to the dollar price rollercoaster we're all on. Don't panic, just hold it. I have more in alts than that, but I am still holding mine despite the tempation to switch everything to BTC. Good alts look very low vs BTC right now. They will surely recover.